My Dream With Bitcoin Cash
I want to see SOMEDAY that Bitcoin Cash is already the International monetary system.
Since I started to discover the convenience that gives by the Bitcoin Cash network where I don't need to keep exchanges in different fiat money time to time every time I get some International deals such us paying the product online or send and receive money from my friends or family.
It too hustle before just to pay internationally even a simple sending or receiving a money is inconvenient which where you need to find a branch of some remittance company where you need to receive the money it same with the senders it must need that you had same remittance like such as example if you send a money on WESTERN UNION you must need to know that there is available branch of the western union on the place where your receiver. that's not the only the problem there is also where you need to pay a big fee because of the distance and sometimes there is country where there is much big tax so the receiver sometimes receive the money not exactly what you send and it too inconvenient.
The other problem is you need to convert the money on the bills depend on the country where you are in such as if your in America then you must use only US Dollar while if your in Europe Area you must only use Euro or what even the money that release by there central bank. So it too hustle for you to go time to time on the bank or money changer just to exchange your money every time you cross a boarders.
That's why if you are planning to travel the world you will get a lot of hustle just to exchange the money you hold before you can enjoy your tour and visit.
But don't worry now since the Bitcoin Cash is born where it accepted in lot of country you don't need anymore to visit a money exchange or bank just to exchanges your Bitcoin Cash since you can use it already as it the way as far the convenience store is accepting a payment of Bitcoin Cash. and I hope that the influence of this Cryptocurrency will be more wide and be more flexible where I dream a Future of world that our Bitcoin Cash is already the world Money and the most usable monetary system in every corner of the world.
I am hoping that someday the *BITCOIN CASH* is already the most popular cryptocurrency but hope that it still same as usual where the convenient fee is still affordable, same with the fastest transaction time and no delay.
**WHY BITCOIN CASH ?**
Because it had affordable fee
Fast transaction time
Stable growth of the ecosystem
Reachable Community
Easy but safe network system
Is really WORTH to SUPPORT the BCH ?
Supporting BITCOIN CASH isn't something you do by holding only on it.
Supporting means you need to make the BITCOIN CASH to be a well known cryptocurrency to be in mass adoption or realized it in every corner of the world by keeping encouraging your family, friends, neighbor and the community or the government around your region to be well aware about it. https://bitcoincash.org/
BITCOIN CASH already giving us a freedom to control our own money without relying in any Institute or bank so its time for us to support it to make it free from spreading its worth in the world. Lets spread the word the benefits of the BITCOIN CASH by telling what you experience on it by using of it and don't just keep that BITCOIN CASH in your digital wallet instead spread it and use it to buy every thing you want or needs. ***ITS ONE OF THE BEST SUPPORT FOR BITCOIN CASH*** is to make it circulate more around your community and region rather than keeping it in one place.
Like the fiat money that was backed by your government isn't better for us to spread the BITCOIN CASH to knock the door of our government that BITCOIN CASH is also kind of MONEY that could be circulate and help the economy of our community,region or nation to be arise. on that term we just didn't help the BITCOIN CASH to spread but also make our local government be more aware of it and think the benefits of the BITCOIN CASH can bring in there local region.
So HOLDING or having a savings of the BITCOIN CASH is not the way to support it rather its best to SPEND since the BITCOIN CASH is made to SPEND and not to COLLECT.
The VALUE of a thing or assets is depend on how others APPRECIATED it. and it sames to our BITCOIN CASH which is valued by how many appreciate the worth of it. https://www.merriam-webster.com/dictionary/value
The more people get know the BITCOIN CASH worth on there life or a Government and Industry discover the benefits of "USING THE BITCOIN CASH" will the get more call of demand in the market which means the value it will be appreciate it.
`What Is Appreciation?`
`Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. This is the opposite of depreciation, which is a decrease in value over time.`
`The term is also used in accounting when referring to an upward adjustment of the value of an asset held on a company's accounting books. The most common adjustment on the value of an asset in accounting is usually a downward one, known as depreciation, which is typically done as the asset loses economic value through use, such as a piece of machinery being used over its useful life. While appreciation of assets in accounting is less frequent, assets such as trademarks may see an upward value revision due to increased brand recognition.`
`KEY TAKEAWAYS`
`Appreciation, in general terms, is an increase in the value of an asset over time.`
`Capital appreciation refers to an increase in the value of financial assets such as stocks, which can occur for reasons such as improved financial performance of the company.`
`Currency appreciation refers to the increase in the value of one currency relative to another in the foreign exchange markets.`
**WHY BITCOIN CASH NEEDS RECOGNITION ?**
Lets use brand recognition as an example here , any brands need a recognition to stand in the stock market which is the brand can only recognized by the consumer by having awareness on it, by doing that the product or the brand get evaluated by the consumer on how the goods or service work.
with this process the product can gain a loyalty if its the value get appreciated by the consumer which is way to be recognized by the other firm the Value of the brand or product could be recognize not only by one firm but by all firm with the same category. example when you buy a product on a Market isn't better to buy the product that the brand is already recognize and recommend by your local government or community ? That the same for our BITCOIN CASH its also need recognition by *YOU and YOUR COMMUNITY* to make it value evaluated high.
BITCOIN CASH need your awareness to be spread by sharing it your own experience in the community to your own region so it can be recognized by your government and gain a foothold on your local area and step up little by little to turn our REGION become the biggest supporter of the BITCOIN CASH.
**RECOGNITION ON BITCOIN CASH CAN RESULT OF**
More project for the BITCOIN CASH COMMUNITY
More partnership can be build
Availability of the BITCOIN CASH to your region
Bigger personality or investor will be willing to invest
**SO WHAT ARE YOU WAITING FOR SPREAD THE WORD AND MAKE YOUR REGION BE ONE OF THE FAN.**
Bitcoin Cash is the True Successor of Bitcoin
BTC is already become "digital gold" which BCH is succeeding the title of "peer to peer electronic cash".
Before if you start a venture in crypto space the first word that could enter to your mind will be **BITCOIN : Peer to Peer Electronic Cash** but now after a decade the Bitcoin changes its title as "*digital gold*" due to the fact that the Bitcoin become too expensive and the influence of it over the world has spread. There is no Investor over the world that didn't know the word Bitcoin since it becomes the most hottest and top digital asset in stock market. But didn't you know that the assets said has started to have a flaw and couldn't follow its original promise since it become expensive ? that's right you read it right ! the Bitcoin original promise as low fees, and fast, reliable transactions was started to deteriorated since it value had become too expensive. so the original title as peer to peer electronic cash was cast away and changes as Bitcoin: Digital Gold.
***What is the reason why the bitcoin right now couldn't afford to be called as peer to peer electronic cash?***
As a merchants if BTC was used to be means as payments then a lot of problem will start to show such as :
Fee for both parties will affect the price of the product of your store since the fee of BTC is not low.
Confirming of the payments will take time
Volatility of the price of the BTC could affect your income.
For Individual if you use the BTC as means of payments then you must need to prepare to have extra to pay for the higher fee.
BTC right now is too expensive to be a money that's why the crypto space community right now treat as means of digital gold rather than as currency. Since the Bitcoin can't still stay as peer to peer electronic cash as its original promise. The Crypto space community right now is looking for its successor and that where the BITCOIN CASH will enter.
***How did the BCH become successor ?***
As far I know there is no one in the crypto space couldn't denied that the BCH is successor of BTC as Peer to peer Electronic cash since Bitcoin Cash is originated from Bitcoin whitepaper and it was build and born to fulfill the role of the promise of the Bitcoin that wasn't fulfill since it becomes too expensive and unreliable in other aspects such as fast and low fees.
It was started to fulfill the promise since around year 2017 and it also develop its own value by its own project and unique style of promotion. and right now its undeniable that BCH is already spreading its wings to every corner of the world like Bitcoin but still keeping the profile as low fees and fast transaction which become the reason why the Bitcoin cash is become the best money in the world right now.
You can consider right now that the BCH as a money that no boundary with good value globally since the transferring or paying using BCH is simple through those online transaction. Not only international sometimes at your own local area there is some merchants that accept BCH as means payments.
You can see the full detail about BCH bt proceeding in this site bitcoincash.org https://bitcoincash.org/
**Why Bitcoin Cash is better successor ?**
Merchants prefer to use BCH rather than other coin since it had ultra low fees in transaction that suit to process there business with affordable fees for there customer.
Merchants prefer to use BCH since it fast and simple in doing transaction which is no delay. mostly the transaction is been confirmed with in a minute to an hour only. while other coins is confirming the transaction with in few hours to a day.
Merchants prefer BCH than other means of payments since there is no chargeback.
Merchants also get free advertise when partner BCH since BCH is an international currency and worldwide famous in different community that was in crypto space industry.
As an individual you can send money globally with fast, low fee and simple way anytime and everywhere as far you had internet and phone.
Want to Trade BUT NO IDEA HOW? part II
Continuation of want to Trade but don't know how?
On my last article I write about what is trade and where to do the trade safely. to see it you can check my last article "Want to trade BUT NO IDEA HOW?". and now on this article lets continue how to do a basic trade. since we already know now where we can start our ventures depend on our choice. well if you already get your choice of the platform where you do your trade lets start now to learn which is strategy best for us? https://read.cash/@Agilaxxx/want-to-trade-but-no-idea-how-31e2273f
WHAT IS TRADE STRATEGY?
It was your pre-arrange plan how you will proceed your trade depend on your free time, budget and region. You can encounter several popular trading styles when your in this industry for a longer time, you may also find that your success in some trading style will not mirror someone else success. means you can't copy someone strategy because of he/she succeed on that strategy since we all had different time frame, region and budget that free for us. It also said that "you is you and me is me"
6 Trading Strategies Every Trader must know according to CMC Market https://www.cmcmarkets.com/ https://www.cmcmarkets.com/en/trading-guides/trading-strategies
1. News trading strategy
A news trading strategy involves trading based on news and market expectations, both before and following news releases. Trading on news announcements can require a skilled mind-set as news can travel very quickly on digital media. Traders will need to assess the news immediately after it’s released and make a quick judgement on how to trade it. Some key considerations include:
Is the news already fully factored into the price of an instrument or only partially priced in?
Does the news match market expectations?
Understanding these differences in market expectations is crucial to success when using a news trading strategy.
News trading strategy tips
Treat each market and news release as an individual entity.
Develop trading strategies for specific news releases.
Market expectations and market reactions can be even more important than news releases.
For more in-depth tips, read our article about trading news releases here, which covers various factors that are popular with regular traders.
When trading based on news releases, it’s vital that the trader is aware of how markets operate. Markets need energy to move and this comes from information flow such as news releases. Therefore, it’s common that news is already factored into the assets price. This results from traders attempting to predict the results of future news announcements and in turn, the market’s response.
*‘It's better to travel than to arrive’*
The above is a common trading motto. This motto suggests that it can be better to trade on price action before an announcement rather than simply waiting for the announcement. Doing so may protect the trader from the volatility than can follow a rumoured announcement. https://www.cmcmarkets.com/en/trading-guides/forex-news-trading
Benefits of news trading
**A defined entry and exit strategy.** Entering and exiting a trade is based on how the market interprets the news, which is commonly outlined in a trader’s plan.
**Many trade opportunities.** Every day there are several news events and economic releases that can provide trading opportunities. You can follow crucial news announcements by monitoring our economic calendar. https://www.cmcmarkets.com/en/news-and-analysis/economic-calendar
Drawbacks of news trading
**Overnight risk.** Depending on the type of news, trading positions may be open over several days. Any positions that are left open overnight incur overnight risk.
**News trading requires expert skills.** News traders need to understand how certain announcements will affect their positions and the wider financial market. Additionally, they need to be able to understand news from a market perspective and not only subjectively.
2. End-of-day trading strategy
The end-of-day trading strategy involves trading near the close of markets. End-of-day traders become active when it becomes clear that the price is going to ‘settle’ or close.
This strategy requires the studying of price action in comparison to the previous day’s price movements. End-of-day traders can then speculate how the price could move based on the price action and decide on any indicators that they are using in their system. Traders should create a set of risk management orders including a limit-order, a stop-loss order and a take-profit order to reduce any overnight risk.
This style of trading requires less time commitment than other trading strategies. This is because there is only a need to study charts at their opening and closing times. https://www.cmcmarkets.com/en/trading-guides/price-action-trading https://www.cmcmarkets.com/en/trading-guides/stop-loss-order
Benefits of end-of-day trading
**It’s suitable for most traders.** End-of-day trading can be a good way to start trading, as there is no need to enter multiple positions.
**Less time commitment**. Traders can analyse charts and place market orders either in the morning or at night, so it can be significantly less time consuming in comparison to other strategies.
Drawbacks of end-of-day trading
**Overnight risk**. Overnight positions can incur more risks, but this can be mitigated if you place a stop loss order. Guaranteed stop losses are even more useful to mitigate risks. https://www.cmcmarkets.com/en/platform-guides/guaranteed-stop-loss-orders
3. Swing trading strategy
The term ‘swing trading’ refers to trading both sides on the movements of any financial market. Swing traders aim to ‘buy’ a security when they suspect that the market will rise. Otherwise, they can ‘sell’ an asset when they suspect that the price will fall. Swing traders take advantage of the market’s oscillations as the price swings back and forth, from an overbought to oversold state. Swing trading is purely a technical approach to analyzing markets, achieved through studying charts and analyzing the individual movements that comprise a bigger picture trend.
Successful swing trading relies on the interpretation of the length and duration of each swing, as these define important support and resistance levels. Additionally, swing traders will need to identify trends where the markets encounter increasing levels of supply or demand. Traders also consider if momentum is increasing or decreasing within each swing while monitoring trades. https://www.cmcmarkets.com/en/learn-forex/swing-trading
Swing trading strategy tips
During strong trends, it’s possible to use retracement swings to enter in the direction of the trend. These points are also referred to as ‘pullbacks’ or ‘dips’ in an existing trend.
When a new momentum high is made, traders will look to the highest probability trade, which is usually to buy the first pullback. However, when a new momentum low is made, traders tend to look to sell the first rally.
Use our pattern recognition scanner to identify chart patterns as part of technical analysis. https://www.cmcmarkets.com/en/spread-betting-guides/pattern-recognition-scanner
Read our article on strategies for swing trading stocks to help guide your own strategy. https://www.cmcmarkets.com/en/trading-guides/how-to-swing-trade-stocks
Swing trading can offer a good risk-reward ratio if a plan is followed. However, swing traders need to be flexible and must be aware of when their strategy is not working effectively.
Benefits of swing trading
**It’s viable as a hobby**. Swing trading can be more suitable for people with limited time in comparison to other trading strategies. However, it does require some research to understand how oscillation patterns work.
**Many trade opportunities.** Swing trading involves trading ‘both sides’ of the market, so traders can go long and short across a number of securities.
Drawbacks of swing trading
**Overnight risk.** Some trades will be held overnight, incurring additional risks, but this can be mitigated by placing a stop-loss order on your positions. https://www.cmcmarkets.com/en/trading-guides/stop-loss-order
**It requires ample research.** A lot of research is required to understand how to analyse markets, as technical analysis is comprised of a wide variety of technical indicators and patterns.
4. Day trading strategy
Day trading or intra-day trading is suitable for traders that would like to actively trade in the daytime, generally as a full time profession. Day traders take advantage of price fluctuations in-between the market open and close hours. Day traders often hold multiple positions open in a day, but do not leave positions open overnight in order to minimize the risk of overnight market volatility. It’s recommended that day traders follow an organised trading plan that can quickly adapt to fast market movements.
Just before the open of the FTSE and other European markets, traders should look to study the support and resistance levels and the possible reactions to the previous night’s trading in the US, as well as moves that have occurred in the Far Eastern markets. Many traders look to trade European markets in the first two hours when there is high liquidity. Otherwise, traders usually focus between 12pm – 5pm GMT when both the UK and US markets are open.
https://www.cmcmarkets.com/en/trading-guides/support-resistance
Benefits of day trading
**There is no overnight risk.** By definition, intra-day trading requires no trade is left open overnight.
**Limited intra-day risk.** A day trader only opens short-term trades that usually last around 1 to 4 hours, which minimizes the likelihood of risks that may exist in longer-term trades.
**Time flexible trading**. Day trading might suit people who desire flexibility with their trading. A day trader might enter 1 to 5 positions during the day and close all of them when objectives are hit or when they are stopped out.
**Multiple trade opportunities**. A day trader can make use of local and international markets and can open and close many positions within the day.
Drawbacks of day trading
**It requires discipline.** Similar to other short-term styles, intra-day trading requires discipline. Traders should utilize a pre-determined strategy, complete with entry and exit levels, to manage their risk.
**Flat trades**. This is when some positions do not move within the day, which is to be expected.
5. Trend trading strategy
This strategy describes when a trader uses technical analysis to define a trend, and only enters trades in the direction of the pre-determined trend.
*‘The trend is your friend’*
The above is a famous trading motto and one of the most accurate in the markets. Following the trend is different from being ‘bullish or bearish’. Trend traders do not have a fixed view of where the market should go or in which direction. Success in trend trading can be defined by having an accurate system to firstly determine and then follow trends. However, it’s crucial to stay alert and adaptable as the trend can quickly change. Trend traders need to be aware of the risks of market reversals, those which can be mitigated with a trailing stop-loss order.
Several trend-following tools can be used for analyzing specific markets including equities, treasuries, currencies and commodities. Trend traders will need to exercise their patience as ‘riding the trend’ can be difficult. However, with enough confidence in their trading system, the trend trader should be able to stay disciplined and follow their rules. However, it’s equally important to know when your system has stopped working. This usually occurs due to a fundamental market change, therefore it’s important to cut your losses short and let your profits run when trend trading. https://www.cmcmarkets.com/en/trading-guides/trend-trading
Trend trading strategy tips
Stay alert for signs that the trend is ending or is about to change. Also, keep in mind that the last part of a trend can accelerate as traders with the wrong positions look to cut their losses.
Decide the time frame in which to follow the trend and try to keep this consistent.
Benefits of trend trading
**It’s a useful hobby.** Trend trading is suitable for people with limited time, after their trend identification system has been created.
**Many trade opportunities.** A prevailing trend may offer various opportunities to enter and exit a trade. Additionally, trend trading may involve playing ‘both sides’ of the market.
Drawbacks of trend trading
**Overnight risk.** Trend trades are often open over several days so they may incur more overnight risks than other strategies. However, this can be mitigated by placing stop-loss orders.
6. Scalping trading strategy
Traders who use a scalping strategy place very short-term trades with small price movements. Scalpers aim to ‘scalp’ a small profit from each trade in the hope that all the small profits accumulate. As a scalper, you must have a disciplined exit strategy as a large loss can eliminate many other profits that have accumulated slow and steadily.
A scalper would operate away from the common mantra “let your profits run”, as scalpers tend to take their profits before the market has a chance to move. As scalpers generally operate on a risk/reward ratio of around 1/1, it’s common for scalpers not to make a large profit per trade, instead focusing on increasing their total number of smaller winning trades.
Benefits of scalping
**There is no overnight risk.** Scalpers do not hold overnight positions and most trades only last for a few minutes at maximum.
**It’s suitable as a hobby.** Scalping is suitable for people who want to trade flexibly.
**Many trading opportunities.** Scalpers open several small positions with a less defined criterion in comparison to other strategies, therefore there a lot of opportunities to trade on.
Drawbacks of scalping
**Limited market applicability**. Scalping only works in particular markets such as cryptocurrencies, indices, bonds and some US equities. Scalping requires very high volatility and trading volumes to be worthwhile. Learn more about volatility trading. https://www.cmcmarkets.com/en/trading-guides/volatility-trading
**Requires discipline.** As scalping requires larger position sizes than other trading styles, traders need to be extremely disciplined.
**It’s an extremely tense environment.** Monitoring the slightest price movements in search of profits can be an extremely intense activity. It’s therefore not recommended for beginner traders.
As you can see above a lot of things you need to consider in making a decision which is best strategy that was for the better or good for you. and above information is not only the strategy you can choose.
Want to Trade BUT NO IDEA HOW ?
WHAT IS TRADE ?
Trade is a means of the action of BUYING and SELLING Goods and Service. it typically peer to peer transaction. Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers. **International trade** allows countries to expand markets for both goods and services that otherwise may not have been available to it. It is the reason why an American consumer can pick between a Japanese, German, or American car. As a result of international trade, the market contains greater competition and therefore, more competitive prices, which brings a cheaper product home to the consumer. https://www.investopedia.com/insights/what-is-international-trade/
***HOW TO TRADE ?***
You need to have a brokerage firm to do a local and international trade. the brokerage firms are are financial institutions that help you buy and sell securities. They act as the middle man between the buyer and the seller. Depending on the **brokerage** firm type you choose, you can either make your buys and sales via telephone, internet, or smartphone.
You can find the legal brokerage firm in your government listed. so you should better check it in your government stock exchanges site for there legality. since we are talking about here is a sum of money which you are willing to spend to invest in one product so we better choose the brokerage which is legality is not issue. having a government back up brokerage firm is usually have a high fee and sometimes you need to do a strict verification like Know Your Customer (KYC) policy AND AML Anti Money Laundering.
****Factor you must need to consider in finding good brokerage firm.****
Brokerage Firm must be regulated.
Data Security must be Guaranteed.
Have a good trade execution.
Must have variety of product pairs to be chosen.
Trading Cost FEE must be acceptable.
Legitimacy of the Brokerage Firm.
Quality of the Customer Service.
Nowadays a numbers of brokerage online is significantly increase so there a lot of firm you can consider.
THE TOP 11 Brokerage Firm for Category of Indices according to the FOREX REVIEW TRADING https://fxreviewtrading.com/11-best-brokers-for-indices-trading-in-2021/
**ROinvesting:**
ROinvesting is another excellent CFD trading broker providing impressive investment products and services. The company offers all the services at no extra commission and provides the users with the benefit of the globally recognised trading platform, Meta Trader4. The platform aids customers in taking better entry & exit point and other trading decisions. https://fxreviewtrading.com/broker/roinvesting/
Further, **ROinvesting** is a trademark name of **Royal Forex Limited** and is an official CFD partner of the widely recognised soccer team, AC MILAN. Royal Forex Ltd. is the Republic of Cyprus registered and CySEC regulated company under the **license number 269/15**. There are three account types with the broker for retail traders, i.e. gold, silver, and platinum. However, there is one segregated account for professional traders too.
The products are from all market types such as shares, crypto, indices, metals, commodities, and currency pairs.
**Oinvest:**
Oinvest is 2019 started trading name of BASFOUR 3773 Proprietary Limited, which is a South African registered firm with number **2010/002719/07**. The company operates following South Africa’s Financial Advisory and Intermediary Services Act (FAIS) and is licensed with the national financial body, **FSCA** (Financial Sector Conduct Authority) with FSP number 42020. The company provides access to Meta Trader4 platform, available through mobile, website, and desktop. The trading site doesn’t accept clients from the USA, Africa, and Europe, and majorly caters EU & South African clients.
Anyone can contact the broker via telephone, email, or live chat option and get their queries resolved through their polite yet intelligent customer support team members. The executives are available from Monday to Friday, 07:00 to 17:00.
Apart from it, there are three account types, free demo service, easy account opening process, simple UI/UX, and a wide range of payment services. The deposits process instantly and withdrawals take 3-5 business days.
**T1Markets:**
T1markets is an authorised brand name of an investment firm, General Capital Brokers Limited (GCB), which is a registered firm in the Republic of Cyprus with registration number HE 345774. The firm is dedicated to providing trading products and services from markets like stocks, currencies, indices, commodities, crypto, and metals.
T1markets is a licensed firm with the top financial body, **CySEC (Cyprus Securities and Exchange Commission)** with regulation number 333/17. Apart from it, the company is also a member of ICF, follows no negative balance policy, keeps all client accounts segregated in top national banks, and has robust IT security with firewalls, SSL software, and encryption at every level. https://fxreviewtrading.com/broker/t1markets/
Some other features of the T1markets broker include free demo service, high leverage, no commission, low spreads, Meta Trader4 trading platform, and wide range of payment services.
Note that the minimum deposit to start a real trading account with T1markets is $250
**2invest:**
2invest is a CFD trading broker which provides financial instruments and services to its clients at competitive prices. The company is a registered firm under Seychelles financial body, FSA (Financial Services Authority) with license number SD 014. Moreover, 2invest is operated under the Habonix Corporation, which is the Republic of Cyprus registered investment company having regulation number **HE 396742**, and Aronex Corporation, which is a Seychelles national firm with registration number 8417765-1.
Interestingly, 2invest is an award-winning broker and provides several payment options. The firm provides more than 350 tradable products, including shares, indices, currencies, commodities, and crypto. Some of the more features include amazing customer service, dedicated education hub, and low fees.
The education hub material is useful for both beginners and advance level traders.
**Global Trade ATF:**
TradeATF is a well-established and widely recognised CFD trading platform offering more than 350 financial instruments to its users for investment. The products are from markets like crypto, indices, commodity, shares, currencies, and metals. The venture was started in 2013 and is a trademark name of Bayline Trading Ltd., which is a licensed firm with IFSC (International Financial Service Commission) of Belize. https://fxreviewtrading.com/broker/tradeatf/
Interestingly, the brokerage firm is also the Argentine National Team digital sponsor. With Global TradeATF, there is no commission on executing any trade with all the investments available through three different account types, i.e. silver, gold, and platinum. All the accounts serve different client types and offer the MT4 platform, accessible via mobile, web, and desktop.
There is also one impressive educational library which includes videos, E-books, guides, courses, tutorials, seminars, webinars, and much more. The research portal includes economic, earnings calendar, and market sentiments analyser.
**ETfinance:**
ETfinance is the trading name of the investment firm, Magnum FX Ltd, which is a registered company in the **Republic of Cyprus.** The firm is also licensed with the top financial body CySEC, i.e. Cyprus Securities and Exchange Commission, under the registration number 359/18. The trading site provides services to the EU clients but not to the US, Africa, or Asian nations. https://fxreviewtrading.com/broker/etfinance/
The wide variety of products from the broker include stocks, currency pairs, cryptocurrencies, indices, and commodities. Notably, the firm also provides the options to trade both ways, i.e. on an uptrend as well as downtrend due to its complex financial derivative feature.
Apart from it, the broker offers excellent customer service, widely used MT4 trading platform, range of payment options, and attractive research & educational resources. For the confused ones, the brokerage firm provides free demo service account too.
**eToro:**
eToro is a 2017 established, globally regulated trading website. The company is licensed with Cyprus Securities and Exchange Commission (CySEC) with number 109/10, UK’s FCA (Financial Conduct Authority) with license number **FRN 583263**, and ASIC (Australian Securities and Investment Commission) with license number 491139.
Note that the company works with its several subsidiaries around the world. Further, the firm offers around 2000+ tradable assets from markets like shares, indices, commodities, currencies, and cryptos. There is a wide range of deposit and withdrawal options available, including debit/credit cards, bank transfer, and E-wallets like Neteller, Skrill, WebMoney, PayPal, and more.
Apart from it, there is one free demo service account and professional, social trading, and retail account types with no commission. The company’s platform CopyTrader is popular among investors.
**IG:**
IG is a global, leading trading website which started its operations back in 1974 and now is a brand. The company is registered with almost all major financial bodies of the world, including FCA, CFTC, ASIC, FSCA, FMA, NFA, and many more. The company started in the UK with additionally providing services in EU and US nations.
The firm is one of the biggest CFD brokers around the globe and is also listed on the London Stock Exchange. The firm provides some excellent services including popular trading platform Meta Trader4, low fees, no commission, free withdrawal, user-friendly UI/UX, and many more.
Apart from it, the robust customer service of the trading website is also available from 08:00 AM Saturday to Friday 10:00 PM, thus, providing 24/7 service. One can contact the IG broker via telephone, live chat, or email.
Note that the firm offers one free demo service account and varied education content.
**Tickmill:**
Tickmill is a multi-regulated famous trading brokerage firm which started its operations in 2014 in London, UK. The company is licensed with top financial bodies CySEC (Cyprus Securities and Exchange Commission), UK’s FCA (Financial Conduct Authority), and FSC (Financial Service Authority) of Seychelles.
There are three different account types available with the organisation, i.e. pro, classic, and VIP account. There are also options of Islamic and demo account for users. The firm provides access to trade more than 80 financial instruments which include products from indices, bonds, currencies, and commodities. Note that there are no stocks available with Tickmill.
The venture’s research and analysis material include auto charts, forex calculators, calendars, and free VPS service. The educational content is also impressive and useful for both beginners and advance traders.
**XTB:**
XTB is 2002 started, Poland based trading website which is dedicated to providing impressive trading services and products to customers. The company offers two account types, Standard and pro accounts, one for beginner level and another for advance traders. The firm is registered with varied financial bodies globally including the **UK’s FCA, CySEC, Belize’s IFSC**, and governing units of Poland, Spain, and more.
The company offers a whopping 1500+ financial instruments to its customers covering share, indices, crypto, commodity, ETFs, currencies, and metals market with no commission on orders. The firm’s education content is of high quality and useful for both novice and professional investors. The venture takes it further by running an Online Master class on YouTube featuring ten trading experts sharing their thoughts.
Apart from it, the firm offers Meta Trader4 and xTrader platform, available via the web as well as mobile. Notably, the firm has offices in over 13 nations around the world which include Turkey, Poland, France, and Germany too.
**Degiro:**
Degiro is a 2008 started trading website, which was founded by ex-employees of another top brokerage firm. The venture is privately owned and is a Netherland based online discount broker. The organisation is well regulated and safe to trade, with licenses from top financial regulatory bodies such as the **Dutch Central Bank (DCB)** and Netherlands Authority for the Financial Markets (**AFM**). It is also a member of the Chamber of Commerce and Industry in Amsterdam.
Apart from it, the company offers one of the lowest charges in the market and offers straightforward, easy to use mobile, web, and desktop accessible platform. The available products are from ETFs, bonds, options, futures, crypto, and share market. Note that there are nine base currencies supported with Degiro and there are no charges on deposits and withdrawals.
There is no demo account offered by the company.
While according to CompareBrokers.co there is Top Brokers for Commodities . they put the list according to the brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side. https://comparebrokers.co/
eToro
ICMarkets
XTB
AvaTrade
RoboForex
FPMarkets
Trading 212
Plus500
Pepperstone
easyMarket
XM
You can see the full details by clicking here https://comparebrokers.co/compare/commodities-brokers/
The Top 40 exchanges for Cryptocurrencies
Well on this day the evolution of technology made the cryptocurrency becomes one of the popular product you can choose to invest or trade online. there is already no one in the world doesn't know that since there is a lot of people making money through out this. Lets example @RogerVer also known as Bitcoin Jesus he is one of the prominent investor of bitcoin that get rich through his investing in BTC from the first it release. and as a read.cash user it impossible that you didn't know this prominent user the biggest BCH supporter @MarcDeMesel Its undeniable truth that it almost he is the sole sponsor of the platform.
My Investment is successful with the help of BCH, read.cash and Coinbase
I'm very thankful with Bitcoin Cash, read.cash and Coinbase.
I'm thankful most on the platform read.cash which give me an opportunity to gain and started to explore the cryptocurrency world with the help of the fund which I collect through the tips of other user and from platform itself. while I'm thankful on Bitcoin Cash BCH since it give me a variety of transaction and I cant start my ventures of investment without this two factor. LETS JUST SAY IN SIMPLE WORDS READ.CASH IS MY EMPLOYER WHILE BITCOIN CASH IS MY SAVINGS AND MONEY.
For those who is outside of the platform that could read this article of mine here is the brief explanation about it.
`read.cash a platform where you can publish content (articles with images and videos) and earn Bitcoin Cash cryptocurrency (ticker: BCH) for doing so. If a reader likes your content - he or she can upvote your post by sending some amount of Bitcoin Cash (BCH) to your online wallet.`
With the funds that I gain I Start to Explore the Crypto space. well we cant gain if our fund stay stagnant right? so I decide to do invest my funds that I earn in read.cash in other cryptocurrency. From September 2020 till November 2020 I gain over 0.12193916 BCH on read.cash which is equivalent to $31.68 in US Dollar that time where the BCH is at the price of $259.82 in US Dollar . That time the CVC and DNT is newly listed in coinbase where is the big factor I decide to invest some there since we cant deny that coinbase had some effect which is called "Coinbase Effect" I don't know if its true or not but from my experience there is a truth on that I notice that from every time there is new token or cryptocurrency that listed there it keep rising not only on the price but also fame but not all newly listed in coinbase is rising from the start sometimes it rise from long time.
`Do your own research while Invest on your own risk because this article is just my experience and own thoughts I don't have deep knowledge on financial aspect which I just invest with my own risk which is accord to my own thoughts and research so please keep this article as inspirational only and not as material for your investing.`
On November 13 2020 I used one third of my savings in BCH to buy 100 unit of district0x (DNT) and 50 unit of (CVC) Civic. which is totally amount of $11.51 in US dollar. That time district0x is only at the price of $0.0651 in US dollar per unit so I convert about 0.02505581 Bitcoin Cash (BCH) for 100 district0x (DNT) which is equivalent on $6.51$ in US dollar. while I convert about 0.01924409 Bitcoin Cash BCH which amount by $5.00 in US dollar for 50 Civic (CVC) due to the fact that Civic that time is at the price of $0.1001.
And I'm very thankful that my first investment is profiting right now which I'm proud due to the fact that Investment is my first try investing and it been successful and hoping to profit more since I still keep it. It become only possible because of read.cash and BCH bitcoin Cash, right now my 100 district0x DNT is already have a total equivalent of $30.36 in US dollar since the price of 1 DNT in market right now is $0.3036 in US dollar. while my 50 Civic (CVC) is already equivalent to $26.17 in US dollar because the price of Civic (CVC) right now in market is $0.5235 in US Dollar.
Not only this two Cryptocurrency is the one I gain profit I also gain some in BCH Bitcoin Cash because I keep the two third I left it from the last time in my wallet. never thought that the price of BCH will be double this time so I get lucky which my 0.07763066 Bitcoin Cash (BCH) $20.17 in US dollar that time is now equivalent to $40.96 in US Dollar since the market price now for Bitcon Cash (BCH) is $527.70 in US dollar.
I thought on the start I will lose because the first month of my investment in CVC and DNT they lose a price value in the market but I'm thankful I trust my guts and didn't panic which I keep it and say to my self lets see till the end since this is the path I choose.
As you can see in my chart On November 13 2020 I buy 100 DNT and 50 CVC which is total of $6.51 for DNT and $5.00 CVC. which on the first month of it down at $4.62 on DNT while $4.33 in CVC because the price of district0x on December 31 2020 was down to $0.0462 per unit while the Civic price get down on $0.0866 per unit. and thankfully at the end of the month of January 2021 the price start to surge which is $0.1258 per unit for district0x (DNT) and $0.1554 per unit for Civic (CVC). so my 100 DNT is equivalent to $12,58 while my 50 CVC ended in $7.77.
On February 28 2021 the price for DNT is ended to $0.1258 so the 100 DNT I hold ended with $24.46 while on CVC the price market ended with $0.3748 which is my 50 unit of CVC ended with $18.74. and on this end of the month of march which is end of the first quarter. the price per unit of DNT is ended with $0.3036 while the price of CVC is ended with $0.5235 so my 100 unit of DNT right now is equivalent to $30.36 while my 50 unit of CVC is equal to $26.17.
So at the end of my perseverance on this two cryptocurrency investment I gain a massive profit which from $11.51 US dollar Capital I have now about total of $56.53 from just this two Crypto Currency but I will still keep it since I believe that this two cryptocurrencies still in progress and still had lot of potential of growth. while I'm waiting for another opportunity on the other cryptocurrency.
Well from this chart you can see the stable surge and progress of the BCH month by month which also my surprise and never expected it that's why I said I'm very thankful on read.cash that help me to discover this currency which where my enthusiasm in cryptocurrency get started. The chart above is only part of BCH that i earn from read.cash from September 2020 till November 2020 actually it's only the two third of 0.12193916 BCH which is only about 0.07763066 BCH which is only total equivalent of $20.17 from November 13 2020 due to the fact that price on that time on the market was only about $259.82 USD.
My BCH gain momentum of surge price from December 31,2020 which the price market that time was on $358.77 where my left balance of BCH which is about 0.07763066 was equal already on $27.85 that time. On the end of January 2021the price of BCH is already in $415.05 so the 0.07763066 BCH that time was already amounted of $32.22 in US dollar. the price of BCH doesn't stop rise which at the end of the month of February 2021 the market price for it was already in $483.72 so my 0.07763066 BCH was equivalent to $37.55 in US dollar.
Right now my 0.07763066 BCH is already total equal in $40.98 which is already over doubled of the $20.17. this is only possible because the price of the BCH at the end of this month March 2021 was ended by $527.70 market price.
Bitcoin Cash is my Benefactor
BCH Bitcoin Cash is already a big factor of my life and survival from this pandemic.
Since last year where pandemics COVID-19 start BCH Bitcoin Cash is already become part of my daily ventures. I keep using BCH Bitcoin Cash as means of transferring money and also as savings. It was really a big help on me since I discover this Cryptocurrency thru Read.cash my transaction become easy and also expanding my portfolio is become flexible.
Like I said from the last article I wrote here which is titled of " Reason why you must keep BCH in your portfolio". BCH bitcoin cash is the most flexible and less fee that was only available in my country of the Philippines and in the apps that I used to convert my Crypto assets to be a real cash which where I use for my daily needs and some matters in real life. https://read.cash/@Agilaxxx/reason-why-you-must-keep-bch-in-your-portfolio-36937b7f
As you can see above bitcoin cash BCH is become my money to spend and money to use. rather than go to bank to withdraw or go in ATM machine which is too hustle and dangerous on this part of our life where there is a lock down and pandemic is spreading (going to town to town is restricted) I can easily Exchange the BCH bitcoin cash in to a virtual Philippines Peso which I can cash out anytime since even a little store or convenience store here in Philippines is already aware of virtual money thru G-cash apps And PayMaya apps.
**G-Cash** https://gcsh.app/r/mP1Qlfh
Is one of the top used apps here in Philippines which is founded by Globe Telecommunication Inc. ( One of the Biggest Telecommunication company in Philippines) as of 2019 It had already over twenty million (20M) registered user and partners with over sixty three thousands (63K) merchants over the country of the Philippines which is reason why the transaction become more easy here.
Service that it provides in Filipinos.
paying bills on different public and private company.
such as MERALCO, MAYNILAD, Manila Water, NBI, and many more
Send and Receiving money.
buying load
online shopping
online banking
PayMaya https://www.paymaya.com/
is a FREE mobile wallet app that caters to your needs for safe and seamless financial transactions using your mobile phone. You can use the **PayMaya** app to buy load, send money, make bank transfers, pay bills, scan-to-pay via QR, purchase items in-store, and more. PayMaya is part of PLDT Smart Communication Corp.
Service :
paying bills on different public and private company.
such as Meralco, Maynilad, SSS, Home Credit and many more
Send and Receiving money.
buying load
online shopping
online banking
Coins.ph https://app.coins.ph/
Coins is a Southeast Asian fintech company that enables anyone, including those without a bank account, to easily access financial services directly from their phone.Founded in 2014 in the Philippines and serving over 10 million customers, Coins.ph is one of the first blockchain-backed platforms to reach significant mainstream consumer adoption. The company’s mobile app provides consumers with direct access to banking and digital payment services, including local and international remittances, mobile air-time, bill payments, game credits, and online shopping.
The company has also built one of the country’s largest cash distribution networks, operating through over 33,000 partner locations domestically and over 500,000 locations worldwide.
Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever blockchain-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
Service:
paying bills on different public and private company.
such as Meralco, Maynilad, SSS, Home Credit and many more
Send and Receiving money.
buying load
online shopping
online banking
cryptocurrency such as BCH,BTC,XRP and ETH is available here.
Using my Coins.ph account I can buy anything as far the store had G-cash or PayMaya account. thats why BCH bitcoin Cash is really important on me right now since I use the BCH Bitcoin Cash as my International money. so if ever i had international transaction I keep using the Bitcoin Cash BCH rather than other crypto currency or my Peso balance.since transaction thru BCH Bitcoin Cash is less fee.
From the Start I only used the Bitcoin Cash BCH because I gain some it from Read.cash but day by day it changes. why? Because even the price of BCH or value of it changes the Fee is still less unlike other coin where once they started to get a value in the market the transaction become hard due to the gas fee or sometimes in changes of transaction fee or withdrawal fee for example in XRP Ripple. once before I used this as asset to transfer but it changes the value of fee from before only 1 XRP is the fee in transferring from one international exchanges or wallet to my coins.ph but now there is a changes it becomes 2 or more XRP some it charges already about 10 XRP.
I'm very thankful right now that I discover the Bitcoin Cash BCH thru read.cash which this cryptocurrency is already become part of my life and it helps me right now in this pandemic to gain some profit which I been used to my daily needs.
Advantages of BCH Bitcoin Cash?
It was not much volatile which is better to use as savings.
From it historical view every time there is a good project release the value of it become higher and stable unlike other that the value only last for past few days.
It supported by many prominent user which is also a whale in industry of cryptocurrency
I'm not a financial expert or even a big investor but I could proudly says that there is big benefit in BCH since it had a lot of potential and wide range of flexibility to be part of your financial portfolio. just do your own research and try to consider this bitcoin cash BCH and you'll found out the biggest benefits that BCH can give you.
Reason why you must keep BCH in your portfolio
Is Bitcoin Cash (BCH) really good?
I'll be honest to all of you here. I'm not a fan or supporter of the bitcoin cash (BCH) so I cannot fully answer the question above I can only give you a little information which is base on my experience as new Cryptocurrency Enthusiast.
Well to be honest I just discover the benefits of BCH when I started here in read.cash so I added it in my portfolio as my transferring coin fee due to practical reason.
**Bitcoin cash fee is lesser and much affordable than other coin.**
It only practical for every person that they will look the best way where they can keep less there transaction fee to save more. it will be more easy for every transaction if you only pay less fee which you can expand more your portfolio on different opportunity since you save more.
2**.It was one of the cryptocurrency that was available in my country of the Philippines and apps that I used to withdraw to convert it in real cash.**
`coins.ph - is the first virtual currency provider in the Philippines to be licensed by the Bangko Sentral ng Pilipinas (BSP) with a Virtual Currency Exchange license. Using your wallet, you can easily convert your Pesos into Bitcoin, Bitcoin Cash, or Ethereum.`
`Philippine Digital Asset Exchange, more commonly known as PDAX, is a cryptocurrency trading platform that was founded in 2017 in the Philippines. It is approved by the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual currency exchange`
In Philippines there is only few way for you to convert your cryptocurrency in real cash.
For me it was coins.ph and PDAX. where I can transfer my cryptocurrency then convert it in Philippines Peso (PHP). so that BCH Bitcoin Cash is the most affordable coin for my country to do the transferring since it had less and flexible fee. it also the most easy and fastest way to transfer assets since BCH Bitcoin Cash is available mostly in all exchanges. there's only few exchanges that doesn't had it.
Some Information about Bitcoin Cash that you must know why you must keep it as one of your asset in your portfolio.
Bitcoin Cash affordability in transaction is not only seen by normal user but it also attracts others prominent users and investor like the most richest man in the world Elon Musk which is **agrees that in one particular way Bitcoin Cash is better than Bitcoin.**
On Wednesday, March 24, Tesla made history in the crypto community when it announced that it now accepts Bitcoin as payment for its top-level cars.
Now, however, Kim Dotcom is trying to persuade the world's richest man that Bitcoin Cash is a much fairer deal when it comes to payments. https://twitter.com/elonmusk/status/1374989895039508481
Elon Musk agrees that BCH offers lower fees than BTC
Kim Dotcom, a German-Finnish entrepreneur and political activist (also known as Kimble or Kim Tim Jim Vestor), has commented on Musk's Wednesday tweet about opening a Bitcoin payment option on the Tesla website.
Dotcom pointed out that median transaction fees are much cheaper if you pay in Bitcoin Cash rather than Bitcoin and suggested that Musk should buy soda with BTC. Kim Dotcom stated that BCH serves the mass market, unlike Bitcoin, which is only for the top one percent.
Musk agreed to the point made by the entrepreneur.
Bitcoin Cash is Involve
There is some projects around the world which Bitcoin Cash BCH is being involved such as in country of JAPAN where the titan Rakuten a Japanese e-commerce is already announce and started to accept the Bitcoin Cash BCH together the Bitcoin BTC and Ethereum ETH as means of payments.
Rakuten is Japan’s largest e-commerce company and provides a myriad of services such as online banking, a messaging app, and mobile phone coverage.
The firm’s payments app is supported by more than 50,000 retailers, including McDonald’s, 7-Eleven, and Family Mart.
According to Statista, the Tokyo-based mobile payments firm has 116 million users on its platform, boasting steady growth since 2014. https://www.statista.com/statistics/223349/rakuten-members/
On the other hand Google Finance is also recognized the Crypto and Bitcoin Cash is one of the only four cryptocurrency that was recognized by the Google Finance. see the full detail in Google Finance https://cryptobriefing.com/google-finance-adds-bitcoin-ethereum-litecoin-bitcoin-cash/
Availability of Digital Service and Virtual Money in Philippines
Government of the Philippines is already widening the digital service since before to make the service here will be more easy and fastest.
Since the Internet become trends most of public and private company here in Philippines was trying to get ideas how can they improve there service and become more affordable, flexible and balance thru the internet service. example the two biggest Telecommunication which is Globe telecommunication and Smart Telecommunication launch there own digital wallet service to provide there users an easy shopping experience thru online ( we will discuss this service later). while other government service such as NBI, PSA, GSIS and other government department was already launch there own online service that serves million of Filipino. Some of private company also made there own launch a digital service depend on the needs of there consumer.
What is DIGITAL SERVICE?
it was an online service for the company to serve there consumers, users, or client thru internet which is more convenient for us since we don't need to waste our time to travel there just to get there service.
since the internet service is convenient the government of the Philippines support the idea evolution of service in the country using the long distant service thru internet or digital service. because of it the Telecommunication Company in Philippines launch an affordable service and project to support the government to launch this kind of service.
The following information will serve you guide somehow in the digital service that was
available in Philippines which can guide you in future if ever you visit my country or
deice to migrate here.
Philippines Government Service
***Philippines Statistic Authority ( PSA)*** https://psa.gov.ph/
The new name of National Statistic Office (NSO) which shall primarily be responsible for the implementation of the objectives and provisions of
Republic Act No. 10625 which originated in the House of Representatives was finally passed by the House of Representatives and the Senate on June 6, 2013. and approved on September 12 2013 . https://www.officialgazette.gov.ph/2013/09/12/republic-act-no-10625/
Republic Act No. 11055 signed on August 6, 2018 https://www.officialgazette.gov.ph/2018/08/06/republic-act-no-11055/
Republic Act No. 11315 signed on April 17, 2019 https://www.officialgazette.gov.ph/2019/04/17/republic-act-no-11315/
The PSA is where you will apply to get a certification for your birth, death, CENOMAR and marriage in Philippines. it also serve other civil registration and its also conduct the national census for the Philippines Statistic.
As of now the PSA is now serve the Filipino thru this site online
psa.gov.ph the official site for psa https://psa.gov.ph/
PSAHelpline.ph is where you can order your PSA Certificate of Live Birth, a Certificate of Marriage, a Certificate of No Marriage (CENOMAR), or request for a Certificate of Death online from the Philippine Statistics Authority. https://psahelpline.ph/?gclid=CjwKCAjw6fCCBhBNEiwAem5SO-CChI7MmrAcxnR-EyLLZaBIL15iA6ntbRsiZy4hGfPJ1l8nqqTCxxoCdBYQAvD_BwE
National Bureau of Investigation (NBI) https://nbi.gov.ph/
The National Bureau of Investigation (NBI) saw its inception on November 13, 1936 upon approval of Commonwealth Act No. 181 by the legislature. It was the the brainchild of the late President Manuel L. Quezon and Jose Yulo, then Secretary of Justice.
Tasked with organizing a Division of Investigation or DI patterned after the United States Federal Bureau of Investigation were Thomas Dugan, a veteran American police captain from the New York Police Department and Flaviano C. Guerrero, the only Filipino member of the United States Federal Bureau of Investigation.
On the basis of stiff physical, mental, and moral standards, 45 men were selected as agents from among 300 applicants. To complement this investigative force was a civilian staff composed of doctors, chemists, fingerprint technicians, photographers, stenographers, and clerks.
During the Japanese occupation, the DI was affiliated with the Bureau of Internal Revenue and the Philippine Constabulary known as the Bureau of Investigation (BI). Subsequently, during the post-liberation period, all available DI agents were recruited by the US Army CIC as investigators.
Since then, the Bureau assumed an increasingly significant role. Thus, on June 19, 1947, by virtue of Republic Act No. 157, it was reorganized into the Bureau of Investigation. Later, it was amended by Executive Order No. 94 issued on October 4, 1947 renaming it to what it is presently known, the National Bureau of Investigation (NBI).
This is the government Agency that provide a legal assistance not only for Filipinos but also for foreigner that was inside of the premises of the country of the Philippines.
As a worker and job seeker in Philippines you must have a clearance that come from this agency since most of the company required this to know if you had a derogatory record. the clearance here is also required for you to travel outside of the Philippines.
nbi.gov.ph the official site of NBI https://nbi.gov.ph/
clearance.nbi.gov.ph where you can apply your clearance. https://nbi.gov.ph/
take note: NBI now is only applicable thru appointment and online service
to avoid the COVID-19
Government Service Insurance System (GSIS) https://www.gsis.gov.ph/
The **Government Service Insurance System** is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined benefit scheme under the law. It insures its members against the occurrence of certain contingencies in exchange for their monthly premium contributions. https://en.wikipedia.org/wiki/Government-owned_and_controlled_corporation https://en.wikipedia.org/wiki/Philippines https://www.gsis.gov.ph/about-us/gsis-laws/republic-act-no-8291/
GSIS members are entitled to an array of social security benefits, such as life insurance benefits, separation or retirement benefits, and disability benefits.
GSIS is also the administrator of the General Insurance Fund by virtue of RA 656 (Property Insurance Law). It provides insurance coverage to government assets and properties that have government insurable interests. https://www.gsis.gov.ph/general-insurance/general-insurance-law/
gsis.gov.ph is the official site for GSIS where you can take there service thru online. https://www.gsis.gov.ph/
Social Security System (SSS) https://www.sss.gov.ph/
The **Social Security System** is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997. https://en.wikipedia.org/wiki/Social_insurance https://en.wikipedia.org/wiki/Philippines
sss.gov.ph is the official site for SSS to check your contribution, membership, and others service that provide by this company. https://www.sss.gov.ph/
Philippine Health Insurance Corporation (PhilHealth) https://www.philhealth.gov.ph/
The **Philippine Health Insurance Corporation** (**PhilHealth**) was created in 1995 to implement universal health coverage in the Philippines. It is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines, and is attached to the Department of Health. Its stated goal is to "ensure a sustainable national health insurance program for all. https://en.wikipedia.org/wiki/Universal_health_care https://en.wikipedia.org/wiki/Philippines https://en.wikipedia.org/wiki/Department_of_Health_(Philippines) https://en.wikipedia.org/wiki/National_health_insurance
Enabling Laws
R.A. 7875 And IRR https://www.philhealth.gov.ph/about_us/ra7875.pdf
R.A. 9241 And IRR https://www.philhealth.gov.ph/about_us/ra9241.pdf
R.A. 10606 https://www.philhealth.gov.ph/about_us/ra10606.pdf
Revised IRR Of The National Health Insurance Act Of 2013 (R.A. 7875 As Amended By
R.A. 9241 And 10606) https://www.philhealth.gov.ph/about_us/IRR_NHIAct_2013.pdf
R.A. 11223
(Universal Health Care Act) https://www.philhealth.gov.ph/about_us/RA11223_UHC.pdf
UHC-IRR https://www.philhealth.gov.ph/about_us/UHC-IRR_Signed.pdf
IRR Of R.A. 11228 https://www.philhealth.gov.ph/about_us/IRR_RA11228.pdf
philhealth.gov.ph is the official site for PhilHealth to make the contributor check there status, services and other record. https://www.philhealth.gov.ph/
Home Development Mutual Fund (PAGIBIG FUND) https://www.pagibigfund.gov.ph/
**The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund was established on 11 June 1978 by virtue of Presidential Decree No. 1530 primarily to address these two basic yet equally important needs. Under the said law, there were two agencies that administered the Fund.**
**The Social Security System handled the funds of private employees, while the Government Service Insurance System handled the savings of government workers.**
**Less than a year after on 1 March 1979, Executive Order No. 527 was signed. The order directed transferring the administration of the Fund to the National Home Mortgage Finance Corporation, which was one of the operating agencies of the then Ministry of Human Settlements.**
**Seeing the need to further strengthen the stability and viability of the two funds, Executive Order No. 538 was issued on 4 June 1979, merging the funds for private and government personnel into what is now known as the Pag-IBIG Fund. However, It was only on 14 December 1980 when Pag-IBIG was made independent from the NHMFC with the signing of PD 1752, which amended PD 1530. With the improved law in effect, the Fund's rule-making power was vested in its own Board of Trustees. Likewise, PD 1752 made Pag-IBIG membership mandatory for all SSS and GSIS member-employees.**
pagibig.gov.ph is the official website for Pag-ibig Fund where you can apply loan online or the other service that provide by Pag-ibig funds. https://www.pagibigfund.gov.ph/
THERE IS MORE GOVERNMENT AGENCY THAT PROVIDE NOW AN ONLINE SERVICE TO FILIPINO CITIZEN SINCE THE INTERNET IS TREND.
Private Company Services in the Philippines
Before you are paying bills thru walk in service which is you need fall in line for longer time just to pay your bills. but now there is no need that in the Philippines since those company is providing now a different way for you to pay your bills.
you can pay your bills thru :
Embracing the New Normal in the Philippines
Its already been a year since the pandemic of COVID-19 was started which mostly of country started to elevated there life in a new normal means to revive there economy.
The Corona-virus (COVID-19) is more fatal than SARS (Severe Acute Respiratory System) a pandemic that emerge and identified 2003 in china and 4 other country.
The COVID-19 is suspected started on December 8, 2019 in Wuhan China and historically outbreak globally at the first quarter of year 2020. which where the first suspected cased in Philippines was stated on January 2020 while there is over 633 suspected case was reported in March 2020.
DOH INVESTIGATES A PNEUMONIA CASE WITH HISTORY OF TRAVEL FROM WUHAN, CHINA
**Press Release / 21 January 2020**
The Department of Health (DOH) today disclosed that it is currently investigating the case of a five-year-old who traveled from Wuhan, China and was admitted in Cebu City for manifesting fever, throat irritation, and cough prior to entering the Philippines.
The case was immediately reported to the Regional Epidemiology & Surveillance Unit of Central Visayas Center for Health Development and the child was endorsed for admission.
The patient as of today is still experiencing cough but is currently stable and afebrile. Samples from the patient were first tested at the Research Institute for Tropical Medicine (RITM) and yielded negative results for the Middle East Respiratory Syndrome-related Coronavirus (MERS-CoV) and Severe Acute Respiratory Syndrome-related Coronavirus (SARS-CoV). However, the samples tested positive for the non-specific pancoronavirus assay, thus the specimen has been sent to Australia to identify the specific coronavirus strain.
DOH is also monitoring three individuals with flu-like symptoms upon entering the country via the Kalibo International Airport from China, but without any history of travel to Wuhan and without any known contact with a confirmed 2019 novel coronavirus (2019-nCoV) case, Severe Acute Respiratory Illness case, or sick animals. Throat samples from these patients were already sent to RITM for testing. All three cases are currently well and are no longer manifesting any symptoms.
Coronaviruses are a large family of viruses ranging from the common cold to more serious infections such as MERS-CoV and SARS-CoV. Common signs of coronavirus infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In severe cases, it can cause pneumonia, acute respiratory syndrome, kidney failure, and even death.
On December 31, 2019, a clustering of pneumonia cases of unknown etiology was reported in Wuhan, China. The outbreak was later determined to be caused by a 2019-nCoV, a new coronavirus strain that has not been previously identified in humans. To date, two hundred twenty-two (222) 2019-nCoV cases were reported in China, majority coming from Wuhan, with cases also coming from cities such as Beijing and Shenzhen. Thailand, Japan, and South Korea also reported confirmed cases. Initially, the said disease was thought to be transmitted through animal contact but recent reports show human-to-human transmission of 2019-nCoV.
The Bureau of Quarantine is working with airlines and airport authorities to strengthen border surveillance, while the Epidemiology Bureau is heightening its community surveillance. The Department is also enhancing its coronavirus laboratory testing capacity, hospital preparedness, rapid response, and its risk communication and information dissemination. Personal Protective Equipment are available at the Bureau of Quarantine, Centers for Health Development, and DOH Hospitals. DOH is also closely monitoring individuals who manifested signs of respiratory infection and had a history of travel to China and is coordinating with WHO and China Center for Disease Control for updates.
“I encourage the health workers to be vigilant and take extra precautionary measures when in contact with patients with acute respiratory infection, especially those with travel history to China,”Health Secretary Francisco T. Duque III said.
DOH advises the public to practice frequent hand washing, avoid unprotected contact with farm or wild animals, practice proper cough etiquette – maintain distance and cover coughs and sneezes with a tissue or the crook of your elbow, avoid close contact with people showing cold or flu-like symptoms, and ensure that food is well-cooked.
“I urge travelers with symptoms of respiratory illness, either during or after travel, to seek medical attention immediately. I also call on our health facilities to enhance standard infection prevention and control practices, especially in our emergency departments. We must always be ready,” the Health Chief concluded.
Due to the fatality of the COVID-19 the President of the Republic of the Philippines was issue a month long period of lock down for the quarantine on whole Luzon which is 1/3 of the country (about 60 million population is affected of this quarantine) the said quarantine was issued by present President Rodrigo Roa Duterte from March 13 2020 till April 2020.
but it was extended for most of the year 2020 which is make the whole country paralyzed for the longer time and the life of million people of the Philippines was changed from there traditional way of work till new normal ones. Most of business closed down while other one is upgrading and embracing the new way.
Philippines right now is embracing now the new normal in different way like
Education
Education right now in the Philippines is under in 2 different type of system
Module System a system of education where the students will learn thru a module and teach by there own family or guardians.
Online Class System where the students will learn thru online class.
Transportation
Transportation in Philippines was one the most changes. most of Filipinos right now choose to buy bicycle to make there transport from home to work will be faster and much more easy while others who can not afford to buy a bicycle will choose to walk from town to town. and do some commute in public utility vehicle which is allowed by the government.
Market
The Market now in Philippines is backing normal but in different way. right now you can use cashless transaction in some area and some market and there is some place where is restricted to a limited people at a time .
Some people use mobile apps in there mobile to buy there needs. such as shoppee, lazada, toktok, foodpanda and other online services apps that do deliver the product they order.
New Normal Services in Philippines that bloom
The delivery services in Philippines has bloom due to the new normal and stated that economy in Philippines which is declining before is getting back to normal and grow faster with the help of online services. some Filipinos change work from there old one to be a part of this team of services which most of filipino that jobless due to the pandemic is starting to recover some work thru this. which is really big help in the local government to recover there lost in past months of lock down.
While some store partners with the online services that provide cashless transaction such paying using your mobile. which make more convenient for every filipino to pay there existing bills or service fee in transaction they made rather than to go on the site to pay which is more safe for filipino.
Bingbon Exchange is good for you
What is exchange ?
Exchange is a way to trade some product to another product which is equal value in the market stock. It also defines as marketplace where securities,commodities,derivatives and other financial instrument products are traded such as cryptocurrency like BTC,ETH,LTC and other Altcoin or FOREX like EURO, US dollars , yen, Yuan, and other country fiat currency. while there is some exchange is trading some index and commodities such as gold, silver, crude oil, rice,NASDAQ, Russel 2000 etc.
What is BINGBON ?
Bingbon is one of the newest exchange trading platform that base in Singapore which is established in year 2018 and recognized as one of the top exchanges in copy trading. The platform is allows user to trade contracts of global indices, FOREX, commodities and our some beloved crypto currency. https://invite.bingbon.com/MVNVTK
There is four types of assets you can use inside the platform as your funds account which is allow you to deposit and withdraw .
A crypto currency that is worldwide known as stablecoin which are backed by an equivalent amount traditional fiat currency like US dollar, Euro or Japanese Yen.
Is one of the worlds leading digital dollar stablecoin that circulating around the world on different exchanges or forex broker trading platform. this assets is issued by regulated financial institution backed by fully reserved assets.
As a crypto currency enthusiast you must be familiar on this BTC bitcoin since this is the most famous crypto currency right now around the world where all crypto currency started.
ETH Ethereum is an open source, blockchain-based, decentralized software platform used for its own cryptocurrency which is released on year 2015 and get famous around this day.
BINGBON MARKET CONTRACTS
There is different category market you can choose in bingbon such as :
**CRYPTO CURRENCY MARKET**
`Bitcoin BTC`
`Ethereum ETH`
`Chainlink LINK`
`Ripple XRP`
`Litecoin LTC`
`Bitcoin Cash BCH`
`EOS EOS`
`Bitcoin SV BSV`
`Trons TRX`
`Cardano ADA`
`Tezos XTZ`
`Polkadot DOT`
`Uniswap UNI`
`Filecoin FIL`
`AAVE LEND`
**GLOBAL INDICE**
`NASDAQ Index`
`Dow Index`
`Hong leng`
`Russel 2000`
`S&P 500`
`Nikkei 225`
`DAX Index`
`FTSE 100`
**COMMODITIES**
`Gold`
`Silver`
`Crude Oil`
**FOREX**
`AUD/USD`
`USD/JPY`
`EUR/USD`
`GBP/USD`
`USD/CAD`
`EUR/GBP`
`EUR/JPY`
BINGBON SHARE TRADING ACTIVITY
If your confident on your own skill in future trading this option of activity is very beneficial for you where you can earn up to 8% extra revenue from the profit of those who copy your trade that you shares in your homepage inside the community of this platform. your trade will be seen by other community members and can be search once you do a share trade.
BINGBON COPY TRADING ACTIVITY
If your new in trade and still under studying the market play or still confused for some reason then this option is one of your better choice where you should only needs to study the user or the other trader market behavior which you should see if they keep being successful gaining profit on there trade and how active they are in the market. you can easy filter the trade sharer since every 1 hour the platform is refreshing the activity of each user and you can find the one you can follow to do a copy. see below picture for better understanding.
You can also share the one you copy trade once you found a stable person that you could reccommend since there is a commission once you share a user to copy trade its up to 25% commision.
VST ACCOUNT IN BINGBON
While your at it you can use 100,000 VST that was free for all new user to do some demo trade in actual market. where you can start to understand or start to study how to do a solo trade without risking your real fund or real money. until you grasp the whole trading strategy that was suitable for your personality and available to your fund management.
IF your interested you can register here https://invite.bingbon.com/MVNVTK
THANK YOU SO MUCH FOR YOUR TIME IN READING THIS ANY QUESTION OR COMMENTS ill be happy to answer it as far my knowledge about this platform is concern.
Rollercoin
WHAT IS ROLLERCOIN ?
Rollercoin is an online crypto mining simulator game site where you can earn some Bitcoin, Ethereum, USDT and Dogecoin . You can choose between Free users that usually rely on playing some game inside the platform to gain power that will be use by your account to mine the cryptocurrency that said above. Or be an investor that going to buy some rigs inside the platform using there own coin that call as roller token. https://rollercoin.com/?r=kdg3sgmi
Rollercoin is a legit site to earn some cryptocurrency for your future. it Founded since year 2018 and there is already 630,420+ active player or miner that competing for rank.
HOW the rollercoin works ?
First register here. then create your avatar and build the power you need to mine. https://rollercoin.com/?r=kdg3sgmi
there is 3 types of power to be use to mine. first is Electricity which is rechargeable by being active in site and keep online for every 5 days. 2nd is "my Power" which is rechargeable either through buying a permanent miner using roller token or through playing games. 3rd is Network power which is relying through your network.
As you can see above the higher power you had gain the more satoshi, gwei or doge you can mine per block . you can also choose how to split the power in each cryptocurrency. example 30% power to BTC, 30% ETH, 30% doge and 10% roller
but for me my advice if your new here you should better focus on roller at least give 40-50% of your power on it so you can ear roller which you can use to buy a miner which is permanently power for your miner since the power you gain through games is expiring through time. mostly the power you gain through game is only good for 24 hours, 3 days, 5 days and 7 days which is depend on the computer you had in your profile in platform. you can see the price of the miner below .
take note you can only stuck miner the more space you had which is RACK so you need to buy first a rack to open a space for the rigs miner you buy.
ROLLER GAMES
There is 15 types of games you can play here to gain energy power for you to save. unfortunately there is 10 open games right now while there is 5 still undergoing on upgrade. each game is consist of 10 level and it was reset depend on how long you didn't visit the game
every time you finish a game you will see the picture below
you can save and stuck more power every time you finish a game. the power is valid depend on the computer your avatar is holding it upgraded by consecutive winning of games. you will gain computer every time you hit the certain streak wins. from
30 wins = 3 days computer.
60 wins = 5 days computer.
90 wins = 7 days computer.
the days valid is working in which computer you hold example
you gain 600GH/s in 7 days computer means you gain a 600gh/s power that was valid for 7 days of mining. the power will only expire after 7 days.
Coinclick
just keep clicking the cryptocurrency you see before it reach grounds while dodge the bomb. you can gain 600 GH/s power above depend on the level of the game which is maximum of level 10
Token Blaster
If you are familiar on game of striker in family game then you know how to play this game. you can earn 700 GH/S power above here it also depend on level you reach in this game max level 10.
Flappy Rocket
this is one of the easiest game where you only need to control your rocket not to be crash on the candles or wall in front till you reach the distance need for your goal. above 704 GH/s is the power you gain here per finish games.
CRYPTONOID
in this game you need to maintain your ball alive by not letting it fall down and let it bounce till it clear all the block. above 912 GH/s is power available to gain here per game.
Coin-Match
you need to match all the coin here by changing position. each game can gain over 720GH/s
Crypto Hamster
in this game you need to make your character move upward the course while avoiding or eliminating some aliens in your way. above 900 GH/s is power you can gain per game here.
2048 Coins
slide from right, left, up, or down. you must need to make a 2 coin to pair. above 800 GH/s is the power you can accumulate here per game.
Coin-Flip
the higher memory serves you the better on this game since you must need to remember which card is pair base on the position you flip. above 900 GH/s is the power you can accumulate per game.
DR.Hamster
If you are playing brick games then you already know this. just eliminate first the target before the times end. above 896 GH/s is the power you can accumulate here per game.
Token Surfer
just jump and avoid the things that could interrupt your skating and collect the coin that you found in your course.above 840 GH/s is the power you can accumulate per games.
MINIMUM WITHDRAWAL AND FEE ?
Bitcoin = 0.0001 WITH FREE FEE
Dogecoin = 360 with free fee
Ethereum = 0.008 with ethereum network fee (which is usually higher now)
IF YOUR BORED AND NOTHING TO DO TRY THIS GAME WHICH WHERE YOU PLAY THEN THEY REWARDS YOU A CRYPTOCURRENCY ITS NOT MUCH BUT IT CAN BE ADDED INCOME TO YOU WHILE YOUR ONLINE. JUST REGISTER HERE AND TRY IT https://rollercoin.com/?r=kdg3sgmi
Sistemkoin
What is Sistemkoin ?
Sistemkoin is a Turkish exchange site and apps for multi cryptocurrency that you could found there. it much usable as wallet to save your non-famous token, there is almost 210+ token is listed here see on below. It also much easier to do some trade here since there is much more choice of pair you can do here there is few category you can choose to trade from BTC, USDT, ETH. and the system is also undergoing in improvement more. https://sistemkoin.com/?ref=5114041665
cryptocurrency listed in sistemkoin
~~fiat currency =~~ **~~TRY~~** ~~Turkish Lira~~ **~~EUR~~** ~~Euro~~ **~~USD~~** ~~US Dollar~~
**BTC** Bitcoin **TRX** tron **MTC** doc.com Token **MWAT** Restart Energy
**ETH** Ethereum **BEN** Bitcoen **MEDIC** MedicCoin **NGC** NAGA
**XRP** Ripple **WRC** Worldcore **HBZ** Helbiz Coin **YLD** Yield Coin
**LTC** Litecoin **USDT** ThetherUS **PIRL** Pirl **XVG** Verge
**DOGE** Dogecoin **GRS** Groestlcoin **BBC** B2Bcoin **ABYSS** Abyss Token
**BTG** Bitcoin Gold **SYS** Syscoin **TPAY** TokenPay **HKY** Hicky
**BCH** Bitcoin Cash **WPR** WePower **CVN** CVCoin **ACT** Achain
**ZEC** Zcash **BTW** BitWhite **VIO** Viome **DEEX** Deex
**DGB** Digibyte **DRG** Dragon **BEZ** Bezop **XET** Eternal Token
**XLM** Stellar **LNC** BlockLancer **HTML** Htmlcoin **XGOX** XGOX
**PAC** PAC Global **MRI** Mirai **VEX** Vexanium **GLM** Golem
**VET** VeChain **DASH** DASH **NCC** NeuroChain **XCCZ** Circle Coin
**CBC** Cashbery Coin **FIRO** Firo **NTY** Nexty **ZEN** Horizen
**NPXS** Pundi X **GXX** GravityCoin **OOT** Utrum **WIRE** AirWire
**USC** USDCoin **STQ** Storiqa **BZX** Bitcoin Zero **CLO** Callisto Network
**WAVES** Waves **CLB** CLBCoin **TOL** Tolar **LGS** LogisCoin
**ETN** Electroneum **SWL** Swiftlance **OMG** OMG Network **MKR** Maker
**ZRX** Ox **BAT** Basic Attention **AE** Aeternity **ZIL** ziliqa
**HERC** Hercules **STK** STK Coin **DAI** DAI **AGVC** AgaveCoin
**SCR** Scorum Coins **IGG** IG Gold **LIPS** Lipchain **FORK** Gastro Advisor
**HOT** Holo **TWS** Energy27 **MNC** MainCoin **HET** HavEtherToken
**ONT** Ontology **BSV** Bitcoin SV **GBX** GoByte **CCX** Conceal.Network
**BTT** Bittorent **TRM** Tranium **QUSD** QUSD **KUE** kuende Token
**HYPE** Hype **BWT** Bitwatt **MPAY** MenaPAy **DENT** DENT
**BITG** BitGreen **EXO** Exosis **SINS** SafeInsure **TMC** TimiCoin
**BRAVO** BtavoCoin **XRC** xRhodium **ONG** ONG **MPG** MAx property group
**TGN** TerraGreen **LAAR** LaariCoin **ANKR** Ankr Network **BCZ** Bitcoin CZ
**CBEX** CBEX **ETHPLO** ETHplode **OXY2** CryptoOxygen **QBIT** Qubitiqa
**SRX** Solarex **UPC** Unimpededcoin **W12** W12 **NEO** NEO
**ADMN** Adioman **CMM** COmmercium **MBC** Mobacoin **CDZC** CryptoDezireCash
**QC** Qovar Coin **QPY** Qpay **SLO** slothee **WVR** Weave
**ADA** Cardano **XLMG** Stellar Gold **HELP** Help Token **V4u** Venezuela4u
**EVY** EveryCoin **SET** Serenity **YOUR** YOUR Token **BTCP** Bitcoin Private
**INX** InziderX **MXG** Moozicore **ELT** ELementar Coin **ECPN** ECPN Token
**BTS** Bitshares **BELL** BeLL Platform **LINK** Chainlink **TUSD** TrueUSD
**PAX** Paxos **OSX** OSX technology **USDC** USD Coin **HUSL** The Hustle App
**TAZ** Guang Game **QTUM** QTUM **EOS** EOS **ALGO** Algorand
**IZC** iZiCoin **APL** apollo currency **BYGB** Byte Global **BRZE** Breezecoin
**EBASE** EURBASE **XDB** DigitalBits **CNTX** CENTEX **PLA** PLANET
**GLB** Globoni Coin **FUNTO** Funny Token **BTCWH** Bitcoin Wheelchair
**CHZ** Chiliz **HTU** Hawkkit Hub **FLT** Flit Token **PGPAY** Puregold
**SCAP** SafeCapital **SWYFTT** SWYFTT **KICK** KickToken **SMB** SIMBCOIN
**SPOT** Cryptospot **KAM** BitKAM **USDA** USDA Token **BTCV** BitcoinV
**BNANA** Chimpion **DBY** dobuy **EER** EthereumRush **BEATS** BEATS
**VRS** Veros **CEL** Celsius **XT** ExtStock **VTHO** VeThor Token
**BULL** BuySell Coin **GCX** GermanCoin **BNB** Binance Coin **XTZ** Tezos
**SOLO** Sologenic **GLEEC** GLEEC **ERK** Eureka Coin **CRO** Crypto.com Coin
**WRX** WazirX Token **CODEO** Codeo **ERG** Ergo **HEB** Heisenberg Token
**ICH** IdeaChain **ZPAE** ZelaaPayAE **SCN** Silver Coin **COCOS** Coco-BCX
**SRK** SparkPoint **STAMP** safepost **JOB** Jobchain **AEG** EmpressGold
**YFI** Yearn.finance **GOT** Games Of Tron **EGLD** Elrond **EOC** Everyonescrypto
**SFR** Safari **DGP** DGPayment **VITE** Vite **T20** T20 Defi
**FINIMO** FINIMO
As you can see above list of token and cryptocurrency there is a lot of choice to invest some of your money or do a trade pairs to make profit since its easy to use the function of trade of this system.
HOW TO TRADE IN SISTEMKOIN?
First find your pair or suitable pair for your fund balance since there is some little restriction on some pair like if you do a trade using USDT category you must need to fill the require amounts for each trade you do you must have over 0.001 BTC amount if you like to do a trade from BTC/USDT or BTC/ETH. while the pair trade of BTC/LTC there is no such required amounts need to do to make a transaction trade.
to make a successful trade in sistemkoin you must first check and observe the market flow inside the system like pick the 2 to 5 cryptocurrency and observe there volatility movement of there price then make it pair it make sure your 2 pair must be uncorrelated not above -50% or correlated not above 30% so you could do a rotational trade for your pair example your pair is BTC/LTC buy the LTC at the price of 0.00361 BTC and sell your LTC at price above 0.00361 like sell it at 0.00377 BTC make sure your price is not much difference over 25% for fast transaction or else you will lose big because sometimes there is such big dump happening where your to sell is unacceptable due to over distance from market value. see example on picture below.
Is there requirements in withdrawal?
since we are talking about money and cryptocurrency of course we first ask how to withdraw the funds we accumulated inside the system so ill be honest to you the sistemkoin is strictly in withdrawal which you must need to be verified user first before you could request a withdraw or before it shows the withdraw pages. it also required a require amount before you could transfer your cryptocurrency or withdraw it. see the below of proof of my withdrawal.
Is our fund Secure?
Of course it was secured, and it mostly safe more than others since once you use sistemkoin only the owner of account is mostly had access on everything since every time you log once you change an IP Address the system will send you a verification access through the email you used to registered that why you better not use your password on your email here so if ever someone get an access on your account here you can control it using your email.
Trading Fees
0.20% trading fee is charged for all transactions.
However, if there are STK in your account, trading fees will be automatically deducted from your STK balance.
You do not pay trading fees with an adequate amount of STK.
General User less than 500 STK 0% Discount 0% Discount
Level 1 greater than 500 STK 50% Discount 50% Discount
Level 2 greater than 2500 STK 75% Discount 75% Discount
Level 3 greater than 5000 STK 85% Discount 85% Discount
Level 4 greater than 10000 STK 100% Discount 100% Discount
The Benefits of Problem
A problem could bring benefits
Who have never been in situation of facing A lot of problem here since your conscious has been awaken? I don't think there still people that still haven't face it in the rest of there life.
Maybe for some people the problem is mild while on another hands its heavy, some is having a little and simple problem but some is getting have a big and hard problem. but did you ever thought that you could gain some benefits from solving your problem rather than resisting it?
Most people ignore and don't do something on there problem. It mostly they treat the problem like a disease one that was they try to resist to talk there problem or face it that's why they didn't see the most beneficial result that it could bring to there life.
If you don't believe in what I'm saying right that the problem had beneficial effect as a result of having it then let me tell you one by one those benefits and its up to you already what is your judge about it. I just hope that after this you'll treat your problem as positive one than negative one for much easy solving it.
Here are some benefits you could gain in solving your problem as a result.
PROBLEMS MAKES YOU AND YOURE FAMILY AND SIBLINGS BOND MORE TOGETHER
Well some problems you could have to face sometimes try your the limit of your relationship with your own family or siblings which sometimes it could reach to the points where your actions could misunderstand by the people around you if there is no real communication and care from your surroundings. But if you and your Parents, brother or sister, child and spouse would talk about it rather than ignore it you guys could evolve much more level of your bonding together. Facing problem together with your family rather than alone facing it is much more easier one. The trust,care, love, honest, loyalty, and support of you or you're family will shine more. and in the end even if you're solving the problem didn't end well. Its still give you a good result where you discover in end that having a support of your family is a golden treasure you can have in world.
PROBLEM WILL SHOW YOU THE TRUE COMPANION AND FRIENDS YOU HAVE
Give and take is a golden rule in friendship and companionship. If you think you already see all everything from your friends or companion through this "give and take" then you are wrong. You could never see the true self of other parties if you only look the outside cover or what you see everyday is not at all they had. you'll only get to know them more if you guys been challenge by a problem and when you face that problem sometimes it show you the truth behind that friendship and companionship you had.
PROBLEM WILL IMPROVE YOUR LIFE
Facing problem and solving it fully hearted rather than resist and ignore it will be much more beneficial to you since it could help you improve more in aspect of how to face any challenge in your life. you'll also learn much more lesson than what you could learn from the schools due to the fact that problem had trace of word "experience" which could make you more grow at present than yourself of yesterday.
Even if you failed to solved it it will will leave a mark on your life that you could always remember. It will leave a little or big impact to your life which you could use as your preference on your future self.
PROBLEM WILL TEACH YOU THE MEANING OF WORD "POSSIBLE"
On years of our life that we are alive and living in wide society there is some point you will tell yourself that there is thing that impossible to do or to reach but with facing the problem sometime it leads us to the road of path of learning and teach us that there is no such thing "impossible". All is possible as far we believe we can do it like how did we solve the problem that we thought impossible to solve but we solve it possible.
PROBLEM COULD RESULT TO YOUR HAPPINESS
Solving and facing the problem we could encounter would make us feel more proud and comfortable in future if its really end well. It will give us much more inspiration towards our happiness by passing through the hardship we could encounter on problem an emotional feeling of being successive is there at the end.
PROBLEM WILL GOVE YOU A STRONG MIND
Having a mild or heavy problem on your life is not easy even its only once. That's why facing it multiple times is like cultivating our mind to be a steel one. our thinking process or even limit of our mind was improving to be a strong one just by thinking how to solve our problem that we are facing one.
PROBLEM WILL SHOW YOU YOUR TRUE SELF
Mostly of problem you could face and encounter in your life that you are trying to solve and facing it fully heartedly is like a puzzle that building up your character its like it creating you to be a better one. Problem will show you some of your character that you still haven't discover before that you had like a talent on something.
PROBLEM IS ALSO AN OPPORTUNITY
Most of problem you could encounter is a piece of opportunity for you to build up your courage, friendship, family, and characters doing Solving it rather than ignore ,facing it together with others rather than alone, will bring you a way of opportunity to yourself to be much more productive one in your surroundings. Its an Opportunity to change your self to be more better one.
Digital Career
Online Earnings is possible as far you know yourself.
In this day of our life where there is a dangerous pandemic that lurking around which destroy mostly all of our traditional way of living even a simple family gathering for reunion is not possible be done and some of relatives and us also has been lost a job due to the fact that some industry and establishment was closed down.
Some of area where the pandemic was spread is closing down for lockdown purpose to stop to spread more. The sad things most of this area is where the industry of our work relied on to survive that's why its over million or billion of people over the world lost there job due to this deadly pandemic we experience right now.
How about you? are you still working or you're one of those unfortunate million people lose there job or means of living on this age of pandemic.
Well Don't lose hope since our era had offering you a way to earn some career that you could walk on with out facing the danger of this pandemic. Our Era of this day where digital and internet is already bloom there is some career you could pick to stand again.
Let discuss it here and let me simply guide you on your new possible career. I hope it could help you a little to stand back again.
First thing you need to do is assess your self to know what your good for and not. also know this following
***Ability*** - Of course before we look a job online we must start to know first our own ability where we good at so we could know the career that was suitable to us to bloom which where we could shine for and take most advantages to do much more productive way since it suits us and we are good on it.
***Limit*** - Well some career online must need a massive dedication of time and sometimes its needs a fund to proceed which of ourse could hit our limit so before we choose the career we must first know our own limit by asking ourselves this question below
1.How much time can I dedicate for this?
2.Is the timeline of this career possible for me?
3.Is this career suitable for me and my family? can I handle it
without sacrificing the time for my family?
4. what is the limit of my finance that is possible for me to
proceed with out sacrificing the needs of my family.
***Knowledge*** - well this is most important at all to know you must have this on the career your trying to do. having enough knowledge on your chosen career is a must to proceed without enough knowledge on it is like cross boarding on the country that you didn't even know how to communicate since you don't know there language so from the start it will be already a failure.
***Enjoyment*** - since you already going to do something well you must already know if you could enjoy or not since its already one of the factor you need to have to be successful due to the fact having a stress about it could bring you unproductive result. Enjoying on what you are doing was well productive which could level up your career more profitable and gain more result.
*****Some List of Online Career you could possible to choose*****
BLOGGING
is a type of career where you advertise some product or service of company. advertising right now is already all over here online where some company is looking for a way to advertise there product. blogging is one of the way of those company to do that advertising its also a way for them to introduce there service and product.
*Two Types of Blogging*
**Blogger** - a type of blog work through writing a content about the detail of the product or service of the company that hired you. before this is only use to express your thoughts for something through a diary style which eventually become a career after some company discover to support those blogger that expressing there product on there blog which become a trend inside of this industry. Some of company product become much more popular due to this fact of trending express which most of titled company compete to each other already using this blogging industry its much more effective to blog than to do a commercial where the company can get some reaction through blog about there product and service which is a way for them to improve the faults of it by collecting enough data through this reaction.
**Vlogger** - a type of blogging work through posting a content video about the detail of the product or service of the company. this much popular way of blogging right now due to the fact of it much fun and easy to understand the product or service of the company you want to know though watching a video about it. it dissenting detail one but it much easier one to understand since you see on your eyes how it could works. Also most of teenager is hook by this industry is about 98.9% over the world was used to watch YouTube, facebook, and tiktok.
TRADER
Is a type of career online which is blooming right now due to the fact that is the most risk but most profitable career online since trading is an economical way of living.
**why is trade risked?**
it consume a lot of time and finance which could be possible lost due to a wrongdoing.
must need a proper knowledge with out it you could lost everything in just one little actions
its like a gamble there is no 100% assurance to get profit.
**why is it profitable?**
it can double or triple your investment
a proper knowledge about the product you try to trade could give you enough growth of assets while consuming your little time.
Two Categories of trade
International Trade - a trade where you do import,export, or entrepot
**Import** - is type of international trade that importing or buying a product from another country to sell it in your country
**Export** - is type of international trade that exporting product where you are selling your product outside of your country.
**Entrepot** - is type of international trade where you import a raw materials from other country then export the result product to other country.
Domestic Trade - a trade that solely trade inside your country where you do a wholesale or retail.
**Wholesale** - a trade where you buy tons of product then distribute it by retail
**Retail** - a trade where you sell 1 piece of product
Different method of Trading
`Fundamental trading` - is a method of trader where it is fundamental base which the trader decide to buy on the right base on the fundamental data that he or she collect and analyzed and hold the assets to sell on the right time base on his/her result of analyzed data. This is much more the basics method of trade but mostly most effective one.to get result or profit on trade.
`Scalping trading` - is method of trader where the trader doing a multiple trade on a day. its type of method where it is short term only mostly it was done by minutes but the profit is little one that's why it was done multiple times a day to make it much profitable.
`Momentum trading` - is a method of trader where the trader is mostly focus in a momentum of stocks assets that significantly doing direct in one direction at the moment. A trade base on Momentum.
`Technical trading` - is a method of trader where its technical which all the traders is mostly relying and analyzing on the chart and graph of the market data. They basically do a massive and significantly investigation and analyzing the data of history market attitude to do a prediction where there action will be direct like decoding if they gonna buy more and stock more or should they already to sell it.
`Swing Trading` - unlike momentum and scalping this method is like the upgrade of the two methods but it was a long term instead a short term which is longer than a day it mostly done for week or month.
Before you proceed in this career of trader you must first know some guidelines on it which you can study in following academy
Shaw Academy
Forex Academy
IBM
and some academy that offer a trade knowledge through there apps guide
Also here are some little guidelines for you to know in choosing a platform where you do your career of trading
**Reputation** - you must check the reputation of the exchanges or the platform that you use to do trade if its had enough reputation on this industry since the higher rates of reputation of the platform you choose is the higher rates of productivity of your future trades since it well known. means there is a wide selection of trade you can do on it since it had reputation.
**Trading Fees** - is one of the factor you must need to list on doing trade the lower fees you pay the better for your trade since there is sometimes the trade had lower profit. you can't successful gain profit if the fees in trade is higher than your trade profit.
**Deposit Method** - well of course its impossible for you to find your trade if the available deposit method on the platform is not accessible for you.
**Geo Restriction** - you must need to check first the platform if its legal or illegal in your country since there some platform that was banned in specific place.
**Available trading pairs** - well it was one of the most important aspect in trader is to know the trade pair availability since you can gain a profit in just particular pair only.
**Liquidity** - the lower liquidation limit of the platform is the worst case for you. it will limit your choice and succession of doing trade.
**Security** - the more secured of your account is the better. higher security of the platform is protecting you to be lost fund in funny way of hacking.
`A simple guide for you to choose your product in trading`
**Volatility** - this is the aspect for those product was chosen by trader who wants to gain fast profit mostly product that had high volatility is in crypto currency category.
**Popularity** - this aspect is well the most important to the product you must chose since it can gain momentum for your product if it had.
**Volumes** - this aspect is some reason why the product having a high price or low price.
**Origin** - well you must look on the origin of the product if its fully backs and supported by or not since it could be gone if its not.
`3 types of strategies you could do in trade`
***Basic Trade*** - You buy in low price hold it and sell it in high price
***Advance Trade*** - is type of strategies where mostly advance mostly platform offer this type of exchanges mostly above information of method is here.
***Arbitrage Trade*** - this type of strategies is mostly done by taking advantages of different price of different platform(mostly used in crypto exchanges)
BCH is available now in PayPal
PayPal is opening a path for BCH
A 346 Million people over the world that was active user of the giant online payments PayPal Holdings Incorporated would have a chance to be exposed from this day on the particular crypto currency that was offered by the new project of the company through partnership with the Paxos Crypto brokerage. And the good news is Bitcoin Cash was part of that project through this we could push much more the popularity of the bitcoin cash since it had much more advantages benefit rather than three other participant crypto.
Imagine there is over 346 Million people could be exposed to the Bitcoin Cash which is a good opportunity for the community since over 346 Million active user of PayPal there is over 26 Million merchants around the globe was listed on it. That numbers is not small to spread the wings of the Bitcoin Cash over the world.
The PayPal Holdings Inc. together with Paxos Trust Company was announced yesterday October 21 2020 through there blog and news that there customer could be possible start or allowed already to use some crypto currency on there transaction. which means on this shocking news and announcement a massive mass adoption on crypto currency like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin will be happening soon since the Company of PayPal had no laughing numbers of 346 Million active user and inside of it was 26 million merchants listed. even only 10% of this number is actually using on it that still a big number and already give a massive effect for the crypto industry.
According to the blog of PayPal on there pages on Early year 2021-Next Year-there is a 26 Million merchants is going to accept and use a funding source to pay for the crypto currencies.
The reason why I'm promoting Bitcoin Cash rather than others?
Bitcoin Cash had much more potential since it has much more block to filled rather than others
BCH is affordable and not much volatile
BCH is fast in transaction than others
BCH according to @SofiaCBCH article it help more people if we adopt it.
BCH is good to invest according to some professional investor like sir @MarcDeMesel the billionaire and prominent user of read.cash, And it also supported by the bitcoin Jesus a Top 10 Crypto enthusiast of the world @RogerVer
Resource:
**newsroom.paypal-corp.com** https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency
**paxos.com** https://www.paxos.com/paypal-paxos-bring-crypto-to-millions-of-users/
The Platform that evolve my life
READ.CASH change ME!!!
Well at the start I only been encourage to join this platform called read.cash due to the fact that it giving a bitcoin cash - *a crypto currency that was fork from Bitcoin* and I enjoy my first week here where I start earn fast a crypto currency than doing my old days of earning crypto in other site.
You can't blame me anyway if from the start I only see the read.cash as source of income when I am new but I didn't expect that this platform was been have already have a big impact to my life which change me.
Before as you can see in history of my writing here you could found out that I'm like a newborn baby in writing an article I didn't even know how to form my thoughts or even try to make it clear the theme I want to wrote for my readers. honestly I just write something just to have an article since the platform before is easy where you gain a points that converting to BCH in server time reset. I never been seriously try to do an effort and there is a time on my first week that I'm nearly get encourage to follow the tricks of others just to gain points but before I even try that, thanks to @Jane where she open my mind that don't follow that group of bastard that trying to destroy this good community. It thanks to her I realize that there is much more potential to earn more opportunity in future if I only focus and give some effort to write a standard article and not a rubbish one.
****Standard article with effort can give you ;****
***Peace of mind*** - you will not feel guilty to what you are doing since you know to yourself that you give a shot of effort to write an articles that you own.
***Loyal Subscriber*** - subscriber or follower is easy to gain by little gimmick but are you even sure that all your subscriber is reading your preach? so that is what you can gain by doing an effort on your article a loyal subscriber and follower that will read all your writes because they know how you work hard for the article you give effort.
***Education*** - well writing an article must need a massive research so while your creating your article you'll also gain some knowledge about the things you are trying to explain to your audience. sometime it elevates more knowledge that what you had already.
***Skills*** - you gain sometimes some skills by just writing. how? well if you really serious on writing your article you must need first to understand what your trying to explain and researching is not only the way to get it explain. It also better to experience the thing you try to explain and sometimes you'll learn how to do this or that which eventually can be a way to gain some skills. example if your article is about a cooking you should better to cook first so you could explain it well. that way isn't that already a skill to gain?
***Enhance your ability to think*** - writing an article is enhancing your ability to think since you must need to think every word you wrote to gain an attention of readers
Right now I can't say that I'm already good enough to write an article but at least I'm proud to say that I know for my self that I'm already improving little which I enhance already the boundary of my limit and that was one of the things that read.cash changes in me. I'm very thankful to this community and platform its not only changes me in principle but also enhance my knowledge and skill.
Its already been over a month since I join this wonderful platform, I meet a lot of people where I gain knowledge by interacting with them and by reading there articles which is a big factor of my change on view.
I'm writing this article to thanks not only the platform but all the people who inspire me to change myself from my old to my new self now.
I'm deeply thanks to
first and foremost to read.cash you give me a path where I can walk with a pride and opportunity to look more forward and have a dream.
@Jane thanks to you due to the fact that you make me realize the worth of this platform.
@Eirolfeam2 thanks to your inspirational writings where I realize that there still a way to Improve my life your younger from me but your life experience and achievements that you shared here is inspirational that give me idea how i can fix mine.
@alberdioni8406thanks to your crypto currency knowledge I start to learn how can i manage my own portfolio
@Dreamer thanks to your articles it never been bored here
@MarcDeMesel thank sir for this article Risk For Bitcoin Cash = Up which I learn a lot about bitcoin and bitcoin cash and there market even some part is confusing for a newbies like me at least I still gain some knowledge about trade which teach me that there is really have big potential in investing to those crypto. https://read.cash/@MarcDeMesel/risk-for-bitcoin-cash-up-f639ab51
blockchain make our life easy
Life is easy in new technology
In old days where all is work physically handle which is slowing every transaction due to the fact that the exchanges of products and goods is serve by handing manually which makes a lot of work for individual or group to process the record of transaction and sending files of information to either consumer,customer, or clients which makes the whole process of sending and receiving some products or goods is ending to be a pain because of the following
It takes time to file a record of the transaction and process it sometimes the whole process of the transaction take a week or even a month to be processed before it could proceed to deliver and receive due to distance and data policy
filing manually sometimes get fail by a little mistakes which a copy of record that held by other parties is different to yours which make the whole transaction get failed and hang in port or in place where security is high alert.
the transaction fee get higher price due to the fact of excess work that exist in process.
But Nowadays where digital technology enter everything was been slowly changed which make most of corporation use of this service and type of transaction where they get easily the deal done. but did you know that there is two type of database that was been use right now?
The first type of this database is called Centralized database system
Data stored in one central location
in reference to control being held at one point or entity.
the database of this type was challenge and facing in some issue in
*🔓 Security - If these centralised databases get hacked into, they can expose all the data at once. We've seen that happen more and more recently.
💵 Cost - Building centralised systems is often expensive as a company needs to provide all the digital capacity to make a system run smoothly.
📊 Your data - In these centralised systems, your data is not your own, and is often monetised by the networks you give that data too.
🌫️ Transparency - How information gets used, by whom and for what is a bit of a grey area today.
How it works? you could see the picture below to understand much more
The challenge about centralized type of database was the most reason why the second type of database system is been born and get advantages. the second type of this database is decentralized system which we all known as blockchain.
blockchain technology is a technology that record online a transaction for:
MONEY
THE MOVEMENT OF GOODS
EXCHANGES IN INFORMATION
Everything we need to know about blockchain technology
The first we need to know about blockchain is how it keep those records since it was decentralized.
the simple answer in it was it used a distributed ledger system
`"DLT ALSO KNOWN AS DISTRIBUTED LEDGER TECHNOLOGY IS CREATING AN INTERNET MOVEMENT AWAY FROM CENTRALIZED DATABASED TO A DECENTRALIZED DISTRIBUTED MODEL"`
As of now digital services are centralized one which has facing an issues around control and security but due to the fact of blockchain exist this problem has been solved already since the technology was a decentralized type which making things more secure and control was put in user of the system than the owner of system.
****Things we need to note about DLT**** https://decrypt.co/resources/dlt
DLT is the collective name given to any technology which uses this kind of system. Some well known examples of Distributed Ledger Technology include:
💰 **CryptoCurrencies** - A digital currency like Bitcoin or Ethereum. One of the biggest uses of DLT we see today is to keep a record of monetary transactions. https://decrypt.co/resources/cryptocurrencies
🔗**BlockChain** - A decentralised system for recording transactions. Blockchain was first used to store transactions on the Bitcoin network. Blockchain is probably the most widely known example of DLT. But there are many others. https://decrypt.co/resources/blockchain
💻 Git - Git is distributed source control software. Anyone who is a developer will be familiar with using Git to manage different versions of the code they are writing. Git is everywhere.
**Blockchain** **is consider to be beneficial if you only know how it works in a transaction** https://decrypt.co/resources/blockchain-transactions
Sending currency across a blockchain involves a number of steps.
🔑 Keys - First you need the public key of the person or company you want to send your money or tokens to.
✍️ A request - You tell the network you want to send some of your currency to someone else. You do this via the software the network uses. The simplest and easiest way is to use a Wallet
📚 Check the records - The nodes on the network peer through the records on the blockchain to make sure you have the currency to spend, and you haven’t already spent it.
🗄️ Filing - Once the network confirms the transaction can go ahead, it adds it to the existing block of transactions to be verified by nodes.
👮 Security - Once that happens it can’t undone or tampered with, as every other transaction in that block will have to be resubmitted, which would give everyone a bit of a headache.
Source
decrypt.co https://decrypt.co/resources/blockchain-transactions
The Different type of Crypto Currency that exist
This article is only for beginners or rookie of crypto industry.
You must be wondering or too confused sometimes because you couldn't understand some of words that was been talk in article you read about crypto currency, mostly there is some kind of words that was too complicated to understand by just reading even its fully explain in due to the fact there is some you don't even know what that words means well its okay I hope this article could help you in a way.
Lets get start to get knowledge first about crypto currency
Crypto Currency are the currency that was digital or virtual which is secured by cryptography that makes it nearly impossible to counterfeit. https://decrypt.co/resources/what-are-cryptocurrencies-super-quick-guide
cryptography means "the art of writing (encrypting) and solving (decrypting)
information for purpose
There is a different kind of Crypto Currency as of now which is define and differentiate with own purpose but we will talk for now here the 3 major kinds of it which is Volatilecoin, Stablecoin, and CBDC.
Bitcoin right now is the most popular among this crypto currency which is consider
be where it began all or lets say the bitcoin is the father of this industry
Before we proceed lets know first some words you could meet in this article to take notes to fully understand it
**Volatile (Volatility)**
basically means how much the value of an asset changes over time. A highly volatile asset like Bitcoin can see its price move dramatically in only a few hours. The opposite of volatility is stability.
**Centralized**
control of an activity or organization
concentrate under a single authority
**Decentralized**
to distribute the administration power or function
the transfer of authority and responsibility
**DeFi**
short for decentralized finance
term for variety of financial application in crypto currency or blockchain geared
**blockchain**
is a technology that recording a list of record of transaction for crypto industry
**Nodes**
A series of computers that work to maintain a blockchain network
**Ledger**
a database that is shared and synchronized across network spread across multiple points
**P2P**
Peer to peer
**Fork**
a copycat or created same with original but doing a different path to the original
**This are the first type of crypto currency that exist in industry that was begin with bitcoin called a volatilecoin.**
Volatilecoin is type of crypto currency that never stay in same price for too long means is type of digital currency that was volatile in price or its change price in just few seconds.
**They're anonymous** (sort of) - cryptocurrencies can be designed so that no one can see who you are or what you're spending your crypto on.
**They're not controlled by a government** - People in unstable countries where currencies are volatile can use cryptocurrencies as an alternative way to buy goods and services.
**They're borderless** - just like the internet, cryptocurrencies can go anywhere.
**They're secure** - distributed ledgers are very difficult to hack.
**Lower transaction fees** - while some cryptocurrencies have fees as part of their transactions, they tend to be cheaper than what it costs to move money across borders in the real world.
**They can be used for contracts** - cryptocurrencies aren't just used as a form of money. They can be used to create contracts between people, or transfer resources that were previously difficult to quantify using regular money.
Here are some examples of volatilecoins that exist before and still standing right now.
Bitcoin’s original purpose - as laid out in the original paper published by **Satoshi Nakamoto** was to be a decentralised payment method. https://decrypt.co/resources/satoshi-nakamoto
It is an Innovative payment network and kind of currency that solely exist in digital and internet (no physical form . It was invented in year 2008 but launched at early year 2009 and get a footing stance as being rank one in world market for crypto currency till now.
There is over 100,000 websites that use bitcoin as means of payment but for some reason there is some nations which is it illegal.
The definition of illegality is different in each country.
🇩🇿 Algeria - Banned from purchase, sale, use and holding of Bitcoin.
🇧🇴 Bolivia - Banned any currency not regulated by a country or economic zone.
🇪🇨 Ecuador - Banned any currency competing with the country’s own digital money.
🇧🇩 Bangladesh - Jail-able offence under anti-money laundering laws.
🇳🇵 Nepal - Jail-able offence.
🇵🇰 Pakistan - In the process of being illegal under the Prevention of Electronic Crimes Act.
🇰🇭 Cambodia - Not recognised or accepted by National Bank of Cambodia.
🇮🇩 Indonesia - Illegal as a payment tool.
🇻🇳 Vietnam - Illegal as a payment tool.
🇲🇰 Macedonia - Jail-able offence.
If Bitcoin is the floppy disk of blockchain, Ethereum is the CD: it’s an evolution of the technology. What bitcoin proved was that a currency could be created by a community, and sent and received by anyone with a cryptocurrency **wallet**. https://decrypt.co/resources/wallets
Litecoin is a P2P crypto currency that was design to be quicker at processing transactions.
💨Super speedy. With Bitcoin, the average amount of time it takes to create a block in the blockchain is 10 minutes. With Litecoin it takes just 2.5 minutes.
☕Designed for the everyday - it was designed for small transactions, like buying coffee and, thanks to its faster processing speeds.
⛏️It uses a slightly different mining method to producing currency than Bitcoin.
well should I still need to explain this? since as user of read.cash I don't think there still no one left here that didn't know what is this you could read an explanation of this token or coins everyday here in read.cash but for outsider this is some brief explanation about it.
It was a fork of bitcoin network that was successfully stands alone now.
Bitcoin Cash is a version of Bitcoin but with several key differences. The biggest is the blocksize - which corresponds to how many transactions a block can contain. In Bitcoin the blocksize is 1MB, where as on Bitcoin Cash it’s 8MB. That means each block on Bitcoin Cash can hold eight times more information - and therefore can verify transactions more quickly. Subsequently, it further increased its block size to 32MB in May 2018, giving it more of an advantage in that field.
Another key difference is the transaction costs - the amount of money miners charge to verify each transaction. This is a feature of both networks, however Bitcoin Cash tends to have lower transaction costs, thanks to the higher amount of data that can go into each block.
There is a lot of volatilecoin you could see and meet right now but there is only some who get footings in world market to be top in list.
**Lets move now on the second type of crypto currency which is called stablecoin.**
Stablecoin is type of crypto currency that set to have a low volatility which means gain a stability in value of assets or units of accounts to be stored. it also type of crypto currency that was being pegged by fiat money or assets that had value to ensure its stabilty.
There is different type of Stablecoin crypto currency
*Centralized stablecoins*
*Gold backed stablecoins*
*Algorithmic stablecoins*
`Centralized Stablecoins`
`are stablecoins which are backed by real money or fiat currency`
Example of this Centralized stablecoins are
is one of the first stablecoins and the most famous. It claims it is backed by a reserve of real dollars—"collateral"—that is "off-chain," i.e. in a real-world location that is controlled by a centralized third party
purpose-built to bring the value of the U.S. dollar **i**nto the modern digital era.
Paxos dollar (PAX) is a digital dollar like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it's programmable.
a stablecoin fully backed by the US dollar.
The **petro** is a cryptocurrency developed by Venezuela. The government claims it is backed by the country’s oil reserves, among other valuable commodities, like gold. At its heart, it’s an attempt to create an alternative to the hyperinflationary Venezuelan bolivar. The coin has been airdropped to **young people** and doctors in the country, but there's been criticism that it functions as a tool of **mass surveillance**, and that there are **discrepancies** between the official government price and the reality on secondary markets. https://decrypt.co/6593/venezuela-trading-petro https://decrypt.co/7747/maduro-give-away-petro-venezuela-youth-good-for-bitcoin https://decrypt.co/20349/venezuela-petro-crypto-tool-mass-surveillance https://decrypt.co/21891/why-venezuelas-petro-crypto-holding-steady-despite-oil-crash
Ripple is the project behind the cryptocurrency called XRP, but the way it works and runs is very different from other currencies like **Bitcoin** and **Litecoin**. https://decrypt.co/resources/bitcoin https://decrypt.co/resources/litecoin
There are two parts to Ripple: Ripple as a cryptocurrency (XRP), and Ripple as a company designed to help banks move money quickly and cheaply.
🏦 It’s a service for banks - it has been helping banks connect to each other via its network.
💱 It bridges cryptocurrency and traditional banking - by using its own currency as a go between to exchange dollars and pounds in to cryptocurrencies.
💨 It’s super fast at moving money. It only takes 3.5 seconds for money to be confirmed, and can process 1,000 transactions per second, the same amount of transactions as Visa can. Bitcoin, by comparison can process just 7 transactions per second.
💸 It’s really cheap to move money - it’s a lot cheaper for banks to move money using Ripple than using existing technology.
⚡It uses less power - because no mining takes place, it’s more energy efficient
🎯It’s centralised - Banks act as nodes on the network, giving them more control over transactions.
`Gold backed stablecoins are coins that was collateral by gold`
****CACHE gold (CACHE)**** is among the most popular of these. Each CACHE is backed by 1g of pure gold held in the vaults stored around the world. Sending CACHE tokens is the equivalent of sending 1g of gold per token since they can be easily redeemed for physical gold at any time. https://cache.gold/
There’s also ****Tether Gold (XAUt)**** and ****PAX Gold (PAXG)****, which operate in a similar way, but are instead pegged to one troy ounce of investment-grade gold. They also have a higher minimum redemption amount than CACHE. https://gold.tether.to/ https://www.paxos.com/paxgold/
`Algorithmic stablecoins are types of assets that was decentralized or lets it sat decentralized coins type of stablecoins`
Here are some sample of Algorithmic stablecoins
****Terra (LUNA)**** is a decentralized stablecoin, which means rather than relying on a trusted third party it uses a complex algorithm to keep stable. To do this, it balances “on-chain” reserves—i.e. the funds are held in smart contracts—with supply and demand automatically, mitigating the chances of traders accidentally—or intentionally—fiddling the price. https://terra.money/
****Ampleforth (AMPL)**** relies on a similar process. Instead of physically backing each AMPL with 1 USD, it instead uses a process known as a “rebase” to automatically adjust the circulating supply of the cryptocurrency in response to changes in supply and demand. If the price of AMPL is more than 5% above or below the USD reference price, then it will increase or decrease the circulating supply in an effort to push the price back towards $1. Since this rebase is proportional across all wallets, AMPL holders always maintain their share of the overall AMPL network. https://www.ampleforth.org/
AS YOU CAN SEE ABOVE INFORMATION WAS CLEARLY STATING THAT STABLECOINS ACHIEVE
THERE PRICE STABILITY THROUGH:
> COLLATERAZATION
> BACKING BY FIAT CURRENCY
> ALGORITHMIC MECHANISM
**The last type of crypto currency are CBDC " Central Bank Digital Currency"**. this type of crypto currency is project by the government of a nations due to the fact they are not trusting the existed crypto currency because of its volatility and also they can't get a hand of authority in existed crypto currency.
The country that already exploring and having trial of it.
USA
Japan
Europe
Brazil
China
Russia
Philippines
Sweden
Bahamas
South Caribean Currency Union
Marshall Island
and there some other country is already attempting to go with the circle too
Source
decrypt.co https://decrypt.co/resources/stablecoins
wikipedia.org https://www.wikipedia.org/
investopedia.com https://www.investopedia.com/
Covantis bring Agriculutural sector in Crypto industry
Agricultural Sector Stepping In Crypto Industry
This year we already witness how the global world was changed and moving in modernization. a fast happening changes from traditional way process to a modernization was been experienced in our daily life and right now another step forward was been reported for the sector of agriculture and blockchain technology.
There is a good news that happening upon right now in the sector of agriculture which can lead the development of world economy and a massive growth for the crypto industry.
Some major Agricultural business was happen to partners and create a joint project that lead the born of a new worldwide company called covantis.
The Covantis group was told to be a first in International trade of goods that was digitalized and using a blockchain technology which is committed to make the global trade to be
simple
secure
efficient
The partnership had made and founded by the following
ADM Company https://en.wikipedia.org/wiki/ADM_(company)
The Archer-Daniels-Midland Company is An American multinational Company for food processing and commodities trading that was located in Chicago Illinois which is operates over Hundreds of Plants and crop procurement facilities over the world
Bunge Limited https://en.wikipedia.org/wiki/Bunge_Limited
The Bunge Limited is an American Agricultural business and food company that was well known as being an International soybean exporter which is also involved in:
food processing
fertilizer
grain trading
the company was located in St.Louis Missouri United States and incorporated in Bermuda
Cargill Incorporated https://en.wikipedia.org/wiki/Cargill
The Cargill Incorporated was a privately held global food corporation in America which is base in Minnetonka Minnesota which have major business in trading, purchasing, and distributing grains and other agricultural commodities.
Louis Dreyfus Company B.V. https://en.wikipedia.org/wiki/Louis_Dreyfus_Company
a global merchant firm that is involved in Agriculture,food proccessing, international shipping, and finance. The company owns and manages hedge funds, oceans vessels develops and operates telecommunications infrastructures
The company was located in Geneva Switzerland and founded in France
中国粮油国际有限公司 (COFCO International) https://en.wikipedia.org/wiki/China_Foods_Limited
COFCO International which is already known now as China Food Limited 中国食品有限公司 is a listed company in Hong Kong Stocks Exchanges that was involve in food processing and food trading including :
oilseed
wineries
beverage
confectionary
wheat
brewing materials
rice
biofuel
biochemical
edible oil
non rice food stuff products
Glencore Agriculture Limited https://en.wikipedia.org/wiki/Glencore
Glencore Agriculture Limited is a market leader in originating, handling , processing, and marketing agricultural commodities including
oilseed
grains
pulse
sugar
rice
cotton
vegetable oils
protein meals
biodiesel
The company is located in Rotterdam Netherlands
As you can see the six founder members of the Covantis was specialized in different aspect trade and a major holder of agricultural commodities in world stock exchange which can make assurance of successful handling the world trade agricultural market bloom using there partnership in Covantis which is made to use the blockchain technology to turn the modernization of global trading in agriculture sect.
The goal of the partnership
to unify the agricultural sectors data
facilitate communication between all participants
bring efficiency and cost savings to companies throughout the International supply chain
improving the logistics process at the ports
Benefits of the Covantis can provide
helps the flow of information between all participants
prevents fraud
ensures the security of shared data
Source
wikipedia.com https://www.wikipedia.org/
cointelegraph.com https://cointelegraph.com/news/agriculture-giants-team-up-on-blockchain-platform-to-track-grains-in-brazil
covantis.io https://www.covantis.io/
Exchanges & Dapp moving in Layer 2 scaling
The Coinbase Wallet is moving in Layer 2 scaling too.
This past few month we see alot of news about Ethernium Scaling Development and yesterday October 14 2020 the non-custodial exchanges wallet and dapp browser Coinbase Wallet joined the crowd and announced there interest for integrating with Optimistic roll up- a Layer 2 scaling that hosted by Optimism.
The Announcement yesterday by Ethernium Optimism https://medium.com/@optimismPBC/improving-ux-on-l2-ff2f88f44836
Scaling Ethereum is a monumental endeavor, only possible as a full community effort. At Optimism, we’re creating a protocol which can support massive scale, but it will take much more than that to make scalability a reality. User experience is just as key to the viability of the protocol as the underlying architecture is:
*“In the migration to rollups, the biggest challenge is User Experience. Making sure users only do secure things by default and don’t accidentally do insecure things…the biggest part of the answer is a comprehensive ecosystem level push [and] the first push is wallets.” — Vitalik Buterin,* ***ETHGlobal Summit*** https://youtu.be/ziI-pq8Sb0Q?t=27000
We are so excited to announce Coinbase Wallet’s native integration with the Optimistic Ethereum testnet! Coinbase Wallet is Coinbase’s non-custodial wallet and dApp browser.
Users will be able to view their balances & send transactions safely and securely using Coinbase Wallet! If you’d like to play around with this, it has been integrated with Synthetix’s Mintr frontend, live on testnet today
***Optimistic Ethereum Ecosystem***
Wallet infrastructure is one of a large number of challenges we will face as an ecosystem moving to layer 2. From managing deposit and withdrawal UX, to optimizing EVM implementations, there are so many exciting challenges & opportunities. It is only with the help of amazing engineers, designers, and visionaries across the community that we can hope to realize the dream of a truly usable blockchain. We are delighted that Coinbase is a part of the community making Ethereum a bit more Optimistic.
All about we need to know about Optimism according to ethernium Optimism https://medium.com/ethereum-optimism/optimism-cd9bea61a3ee
a Public Benefit Corporation dedicated to scaling Ethereum in a way that enshrines fair access to public goods. We were formerly known as **Plasma Group** — a nonprofit researching Ethereum scalability. Today, we’re taking the next steps from research towards production. http://plasma.group/
In this post, we’ll first review our technology, **Optimistic Rollup** — a solution that scales general smart contracts and enables *instant* transactions on Ethereum. Next, we’ll share our proposal for how this infrastructure can serve as a public utility that funds an ecosystem of public goods beyond it. https://medium.com/plasma-group/ethereum-smart-contracts-in-l2-optimistic-rollup-2c1cef2ec537
Optimistic Rollup
Optimistic Rollup is a layer 2 scaling solution that scales both transaction throughput and computation *on Ethereum*. The backbone of our implementation is the Optimistic Virtual Machine (OVM), which is fully compatible with the EVM.
Optimistic Rollup is the first layer 2 scaling solution that enables:
**Usability:** low latency transactions for the speed of a Web 2.0 experience, and smart contracts at a *fraction* of the cost.
**Familiar workflows:** developers preserve the Ethereum developer experience — the same smart contracts, APIs, and dev tooling. Migrate existing contracts without breaking them.
**Money Lego$:** seamless interoperability between dApps and smart contracts.
To experience it for yourself, **play UniPig**, a gamified proof of concept for Optimistic Rollup built in collaboration with Uniswap. The demo had many components custom-built for Uniswap’s contracts in L2. We are currently developing the generalized ability to run *any* Ethereum contract in the OVM without custom code! Stay tuned for a separate post describing how it works. https://unipig.exchange/
Last may 2020 Synthetix already start to integrate with Optimistic Ethernium which as of this day already moving in there second phase. https://blog.synthetix.io/second-ovm-l2-testnet-snx-distribution/
After the **recent launch** of the incentivized trial to stake SNX on Optimistic Ethereum’s Layer 2 testnet for SNX stakers with less than 2500 SNX, it’s time for the next phase of the trial. https://blog.synthetix.io/optimistic-ethereum-l2-testnet/
The purpose of this second phase is to trial the migration from L1 to L2, which will be an important part of the eventual mainnet launch. It also serves to open up the testnet trial to even more stakers than before, allowing more users to experience the seamless speed of Optimistic Ethereum!
**Eligibility**
This phase is open to all SNX holders who had up to 5000 SNX staked (including escrowed SNX) at 9:31 pm UTC on Monday Oct 5th.
If your wallet is eligible, there will be a banner on the **Mintr** L1 dApp that prompts you to participate in the trial. https://mintr.synthetix.io/
Different knowledge you need about Layer 2 scaling https://ethereum.org/en/developers/docs/layer-2-scaling/#rollups-and-sidechains
***Layer 2 scaling*** https://decrypt.co/45049/coinbase-on-layer-2-is-latest-in-ethereum-scaling-boom
Layer 2 scaling solutions are technologies that remove some of the computation that’s on-chain (Layer 1) and take it off-chain, so that the network can be faster.
***Channel*** https://ethereum.org/en/developers/docs/layer-2-scaling/#rollups-and-sidechains
Channels allow participants to transact `x`number of times off-chain while only submitting two transaction to the network on chain.
**Useful for**:
lots of state updates
when number of participants is known upfront
when participants are always available
Participants must lock a portion of Ethereum's state, like an ETH deposit, into a multisig contract. A multisig contract is a type of contract that requires the signatures (and thus agreement) of multiple private keys to execute.
Locking the state in this way is the first transaction and opens up the channel. The participants can then transact quickly and freely off-chain. When the interaction is finished, a final on-chain transaction is submitted, unlocking the state.
***Roll up***
Rollups are solutions that bundle or "roll up" sidechain transactions into a single transaction and generate a cryptographic proof, known as a SNARK (succinct non-interactive argument of knowledge). Only this proof is submitted to the main chain.
*Sidechains are Ethereum-compatible, independent blockchains.*
In other words, rollups mean that all state and execution is handled in sidechains – signature verification, contract execution, etc. The main Ethereum chain only stores transaction data.
Rollup solutions require relayers who have staked a bond in the rollup contract. This incentivises them to relay rollups accurately.
**Useful for:**
reducing fees for users
open participation
fast transaction throughput
Source :
decrypt.co https://decrypt.co/45049/coinbase-on-layer-2-is-latest-in-ethereum-scaling-boom
ethernium.org
medium.com https://medium.com/ethereum-optimism/optimism-cd9bea61a3ee
Russia blocks crypto step by step
The Russian Government deems to against crypto currencies.
This past few days we talk about issue and stance of the crypto currencies over the world and we already see the progress of the state of crypto in some major powerhouse country that could influence it. Like USA,Europe, and China but wait of course we can't forget that there still Russia which is also consider as one of the most powerhouse country in world. there is no one in world could ignore this country so we can't also ignore its influence which we can assume to have big factor for the future of our beloved crypto currencies.
In the event that Russia is consider to be one of the world's most important bitcoin's market but however its seem the Russian government is willing to block the blockchain transactions. https://decrypt.co/44902/russia-blocks-p2p-crypto-exchange-localbitcoins
Roskomnadzor, Russia's telecommunications services regulator, has blocked access to LocalBitcoins' portal in the country, which is a major source of traffic to the peer-to-peer exchange.
When trying to access localbitcoins.net—a mirror of the .com site focused on serving customers in the country—traders find themselves with a blank page after being censored by the regulator. To access the portal, Russian users must use a VPN that masks their actual location.
So far, Russian traders seem to have remained quite active on LocalBitcoins, and customer ads on the site **have not stopped**. This could indicate that traders were already prepared for—or used to—this type of censorship. https://localbitcoins.com/instant-bitcoins/?action=buy&amount=¤cy=RUB&country_code=RU&online_provider=ALL_ONLINE&find-offers=Search
Which they should have been. LocalBitcoins was previously blocked by Roskomnadzor four years ago. Moreover, last month, Binance **announced** it too was blocked. However, the site is no longer in the government's blacklist database. https://t.me/BinanceRussian/2506614
And Russia had telegraphed its intentions earlier this summer, **declaring restrictions** on access to the LocalBitcoins portal on July 21, 2020, based on the justification that the site could be disseminating illegal information to the public. http://blocklist.rkn.gov.ru/#anchor
That coincided with an overhaul to Russia’s cryptocurrency laws. Though it remains legal to own Bitcoin and other cryptocurrencies in Russia, they’re now **illegal to use** for payment. https://decrypt.co/36409/russia-crypto-law-prohibits-buying-with-bitcoin
Despite the government's complicated relationship with Bitcoin, Russians love crypto. The country accounts for almost 20% of LocalBitcoin’s total operations and ranks first in terms of cryptocurrency trading in P2P markets.
If we remember before that Russia is prohibits buying goods using bitcoin which update their crypto law last July 23 2020 https://decrypt.co/36409/russia-crypto-law-prohibits-buying-with-bitcoin
Russia has passed a bill that legally recognizes cryptocurrencies such as Bitcoin—but doesn’t allow them to be used to buy anything.
The third reading of the law recognizes digital currency “as an aggregate of electronic data capable of being accepted as the payment means” and gives it legal status, but adds it “cannot be used at the same time to pay for any goods of services,” **TASS** news agency reported today. https://tass.com/economy/1181377
In May, draft bills revealed that buyers of cryptocurrencies such as Bitcoin could be handed **hefty fines or up to seven years of prison time**. https://decrypt.co/29893/buying-bitcoin-with-cash-in-russia-could-net-prison-time-proposes-bill
One bill said that the issuance of crypto in Russia would all but be prohibited and those already holding digital assets would have to register them with the authorities and give explanations on how they were acquired.
But the approved version of the law is not quite as strict—those holding Bitcoin or Ethereum just can’t *use* them for much of anything, though the law does appear to give holders the legal right to buy and store crypto as an investment under certain conditions. "Possession of digital currency, its acquisition and transfer by legal means are allowed only if declared," the law states.
According to TASS, cryptocurrencies “can be issued, purchased and sold and registered within the framework of special information systems” and “systems and their operators shall conform to Russian laws and stand filed in a relevant register kept by the Bank of Russia.”
The report adds that Russia’s Central Bank will play a major role in regulation. “The Central Bank will have the right to determine features of digital assets accessible by qualified investors only,” TASS reported.
Cryptocurrencies have long been a confusing topic in Russia with no real legal framework given to digital assets, though President Vladimir Putin has previously said **crypto is a magnet for criminal activity**. https://decrypt.co/11269/russia-mulls-new-bitcoin-confiscation-law
And unlike many other countries around the world, **Russia’ Central Bank** has expressed skepticism on having its own Central Bank Digital Currency. https://tass.com/economy/1082423
There is also a time that the government has pass a bill that you could get prison if you buy bitcoin with cash in Russia. https://decrypt.co/29893/buying-bitcoin-with-cash-in-russia-could-net-prison-time-proposes-bill
Draft bills that could effectively deem cryptocurrencies illegal in Russia—if they come into force—have been filed by a group of deputies with the country’s parliament, the State Duma. According to a **report** published by local news outlet *RBC* on Thursday, leaked documents propose to punish crypto users with hefty fines or even up to seven years of prison time. https://www.rbc.ru/crypto/news/5ec638939a79479aa811321e
According to the report, the draft bills—that first surfaced in Telegram channel “OrderCom” and were later allegedly confirmed to be authentic—were forwarded to Russia’s Ministry of Economic Development earlier this week.
One of the draft bills aims to prohibit the issuance and all operations that involve cryptocurrencies on the territory of Russia while individuals and enterprises won’t be permitted to accept crypto as a form of payment. People that already hold cryptocurrencies would be required to register them with tax authorities and explain how their cryptos were acquired.
Another draft proposes to add new sections to the country’s criminal law for illegal operations with digital assets. For example, if the bill passes, companies that issue or operate digital assets “using sites registered in Russia or technical equipment located in Russia” could potentially be fined for up to two million rubles ($27,800) if they don’t receive approval from a special register at Russia’s central bank. Individuals would be facing fines of up to 500,000 rubles (roughly $7,000).
Additionally, "for violation of the rules for transactions with cryptocurrencies, if they are used as payment for goods or services,” companies would have to pay as much as one million rubles ($13,900), individuals—up to 200,000 rubles ($2,800).
The same charges, but “if major or especially large damage was caused to citizens, organizations or the state, or if these actions led to enrichment on a large or especially large scale,” could result in fines of up to one million rubles ($13,900), imprisonment for up to seven years or community sentence for up to five years.
“Cryptocurrency purchases in Russia for cash or by transfer to accounts opened with Russian banks” are similarly punishable under the proposed laws.
The end of all crypto in Russia—or not?
Dmitry Kirillov, a senior tax lawyer at Bryan Cave Leighton Paisner and a teacher at Moscow Digital School, said that if these proposals are approved and come into force in their current form, it will mean the end of any cryptocurrency circulation in Russia. As property, crypto will lose value because it cannot be sold. “Mining or exchanging 3.5 bitcoins will result in criminal liability,” he added.
Kirillov confirmed that individuals, including private entrepreneurs, and legal entities will not have the right to carry out any operations with digital currency—for example, to accept it as payment for goods or services.
“People who currently own cryptocurrencies will be forced to get rid of them before the law comes into force or risk ‘going underground.’ Goals that will be achieved this way are the direct opposite of what’s being declared. In general, the idea of dropping a crypto ‘Iron Curtain,’ in my opinion, does not contribute to the development of businesses or Russia’s interaction with the world economy on a digital level,” Kirillov explained.
The expert added that he is confident that such laws—at least in their current iteration—will destroy the Russian crypto industry.
Speaking to *Decrypt*, Sergey Mendeleev, a former deputy of Moscow’s municipal district Yasenevo and the founder of Bitcoin exchange platform Garantex, echoed this sentiment, calling the proposal “a total ban on cryptocurrencies in Russia.”
At the same time, he suggested that chances of these new crypto law proposals actually coming into effect are slim.
“Some signs suggest that the law won’t pass. The bill was developed in 2018 by the Ministry of Finance. If it had been introduced on behalf of the government, it would almost certainly have been adopted. The State Duma adopts almost all government bills. Instead, it was submitted to the State Duma by a group of deputies, which means the law did not go through the approval procedure in the government because there is serious opposition to the bill,” Mendeleev told *Decrypt*.
He also noted that the proposal was written by just a few obscure authors, while “usually everybody wants to join a surefire project.”
“The bill went through its first reading in the spring of 2018. A year later they tried to resurrect it but to no avail. Nothing has changed since then. The accidental leak of an internal document doesn’t mean anything, in my opinion,” Mendeleev concluded.
And at last this day there is well another proposal move from government of Russia which they take a CBDC so they could minimized the use the influence of crypto on there own country due to the fact that even they take a risk to block it there own citizen has love the crypto and blockchain technology.
Bank of Russia is planning to launch its ‘digital ruble’
Bank of Russia has suggested a possibility of issuing its own central bank digital currency, the digital ruble, in a new report published by the central bank today. The digital ruble will be an electronic version of the Russian national currency and will complement cash. The bank said that users will be able to use digital wallets for the CBDC and also convert their money “freely” between digital rubles into cash or bank account, and back. http://cbr.ru/press/event/?id=8175
The bank reasoned that it wanted to introduce a CBDC because “digital financial technologies” usage was expanding in Russia and elsewhere since a growing number of its citizens now preferred cashless payments. In fact, the nation ranks second in the global adoption of cryptocurrencies in Eastern Europe, as suggested by a study from Chainalysis, a crypto research company. https://www.bis.org/press/p201009.htm https://eng.ambcrypto.com/huobi-launches-trading-app-in-russia-despite-strict-crypto-regulations/
But when it comes to the usage of private cryptocurrencies, Russia has been strict in that regard. It has even passed new regulations on crypto-trading and mining which will not allow its citizens to use crypto for payments from 2021 onwards. Meanwhile, a group of central banks from several nations recently came together to discuss whether or not to introduce CBDCs in their jurisdictions. Russia was not part of this discussion. https://www.forbes.com/sites/rogerhuang/2020/08/10/russia-backs-away-from-total-cryptocurrency-ban/#17166c8f7520 https://www.bis.org/press/p201009.htm
Bank of Russia aimed to acquire feedback from the public, especially financial market participants, and “experts” regarding the digital ruble project. It believed this consultation would encourage public participation in the project. The bank said it would compile the feedback and other data to eventually pilot the CBDC project. In recent news, the European Central Bank has already started surveying public opinions on the implementation of the digital euro. https://eng.ambcrypto.com/european-central-bank-conducts-survey-to-gauge-peoples-trust-in-a-digital-euro/
It must be noted that the report did not specify a timeframe for the development of the digital ruble or whether it would launch the CBDC immediately.
Source:
decrypt.co https://decrypt.co/44902/russia-blocks-p2p-crypto-exchange-localbitcoins
eng.ambcrypto.com https://eng.ambcrypto.com/bank-of-russia-is-planning-to-launch-its-digital-ruble/
btcnewz.com https://www.btcnewz.com/en/crypto-news/138062/russia-blocks-p2p-crypto-exchange-localbitcoins
The Worlds view in Crypto currency
Covid-19 denied cash, so every country look for alternative route to live there economy.
COVID-19,the pandemic we are experiencing now has made some people nervous about handling cash which makes Banks throughout the world are disinfecting cash either banknotes or coins before they back it in circulating due to the fact it might transmit the corona virus.
With the fact that the deadly COVID19 are now spreading across the world some Banks and Nation are trying to find an alternative route to raise there economy without handling the traditional cash to avoid the potential infection of the COVID19 through its own banknotes.
W.H.O. warn general public that cash could carry virus https://decrypt.co/21164/cash-could-carry-coronavirus-who-warns
As the coronavirus continues its march around the globe, the World Health Organisation (WHO) has warned the general public that paper banknotes may be spreading the infection, **according** to The Telegraph. https://decrypt.co/21164/cash-could-carry-coronavirus-who-warns https://www.telegraph.co.uk/news/2020/03/02/exclusive-dirty-banknotes-may-spreading-coronavirus-world-health/
“Customers should wash their hands after touching banknotes because infectious Covid-19 may cling to the surface for several days,” the WHO said.
Per the health organization’s statement, people should try to use contactless payment methods—where it’s possible—to prevent the coronavirus from spreading.
According to The Telegraph, the Bank of England has said that banknotes “can carry bacteria or viruses.” In fact, some banks provide hand disinfectants and even Geiger counters to their employees who are regularly involved with cash.
This was the most reason why some country creating and issue there own digital currency or used already the alternative that exist already which we all known as crypto currency.
Bitcoin and Crypto currencies are likely recognized in some nation.
Germany recognizes Bitcoin as a legal financial instrument https://decrypt.co/21148/germany-recognizes-bitcoin-as-a-legal-financial-instrument
The Federal Financial Supervisory Authority (BaFin) of Germany has officially defined **cryptocurrencies** as financial instruments, providing further regulatory clarity. This makes it easier for those spending cryptocurrencies and will give some relief to businesses built around them.
According to the translation of BaFin’s **press release** published on March 2, cryptocurrencies are now classified as the “digital representations of value” that have the following characteristics: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Merkblatt/mb_200302_kryptoverwahrgeschaeft.html
Not issued or guaranteed by any central bank or public body;
Don’t have the legal status of currency or money;
Can be used by individuals or legal entities as a means of exchange or payment;
Serve investment purposes;
Can be transmitted, stored and traded electronically.
The document also notes that cryptocurrencies are not to be confused with various types of “electronic money” which have other sections of the law dedicated to them.
The new classification was based on definitions written by other regulators worldwide, such as the Financial Action Task Force. BaFin also clarified that prior to this, cryptocurrencies did not fall into any of the generally recognized pre-existing categories in Germany.
Norway's government own stake in software giant MicroStrategy https://decrypt.co/44581/norways-government-bought-all-its-citizens-some-bitcoin
Every Norwegian now owns some **Bitcoin**—albeit indirectly and a tiny amount. https://decrypt.co/price/bitcoin
This is because the Norwegian government's pension fund holds a 2% stake in US software company, MicroStrategy, and MicroStrategy **just bought a lot** of Bitcoin (around $425 million.) So, every Norwegian citizen now indirectly owns $1.72 of the cryptocurrency—without even knowing it. https://decrypt.co/42479/microstrategy-exposes-largest-sovereign-wealth-fund-bitcoin
Norway’s government owns the so-called "Oil Fund," which with $1 trillion in assets is the world’s largest sovereign wealth fund.
The state-owned Oil Fund owns assets around the world and the stake in MicroStrategy makes up only a tiny part of the pie.
But because of its choice to invest in a tech company, the government has indirectly invested in the world’s biggest cryptocurrency (or rather, exposing its citizens to the whims of the cryptocurrency market).
Torkel Rogstad, a Norwegian software developer at crypto-research firm **Arcane**, created a **calculator to track it**. He told *Decrypt* that the government indirectly owning Bitcoin could set an interesting precedent. https://www.arcane.no/ https://norwegian-btc.fund/
“Government seeks to maximize profits, and through that they picked up some bitcoin exposure,” he said. “I expect them to get growing bitcoin exposure going forward, through more companies buying Bitcoin.”
He added: “Down the road, maybe governments would buy bitcoin directly? Not surprising if that happens, as governments now hold gold.”
The Norwegian government isn’t even that Bitcoin-friendly. In 2018, the country’s government **ended** electricity subsidies for Bitcoin miners. https://www.forbes.com/sites/billybambrough/2018/11/21/blow-to-norways-bitcoin-industry-as-miners-subsidies-suddenly-scrapped/#1d08a98043a6
While on the other hand there is some Nation that trying to resist the use of crypto currency
Bitcoin for payments is a bad idea https://decrypt.co/44746/bitcoin-payments-bank-of-england
Bank of England Governor Andrew Bailey does not think that Bitcoin has intrinsic value and believes it's much too volatile to be used for payments.
The governor of the Bank of England said today that he found it **difficult to consider Bitcoin as a payment method**. https://www.reuters.com/article/us-britain-boe-bailey-bitcoin/boes-bailey-sees-little-intrinsic-value-in-bitcoin-idUSKBN26X2AH
The British central bank’s governor, Andrew Bailey, said at a public Q+A session today, “it is hard to see that Bitcoin has what we tend to call intrinsic value,” adding, “It may have extrinsic value in the sense that people want it,” reported *Reuters.*
About people using **Bitcoin** as a means of payment, Bailey said that he is “very nervous” given Bitcoin’s volatility. Bailey also said that the **British economy is set for a rockier recovery** than expected, according to *Reuters*. https://www.reuters.com/article/britain-boe-bailey/bank-of-englands-bailey-says-economy-risks-are-all-on-downside-idUSL9N2GY00A
Bailey has long trashed Bitcoin, which is the largest **cryptocurrency** by market cap. **In a speech to the Brookings Institute** last month, he said that cryptocurrencies “have no connection at all to money.” https://www.bankofengland.co.uk/-/media/boe/files/speech/2020/reinventing-the-wheel-with-more-automation-speech-by-andrew-bailey.pdf?la=en&hash=6B5DE50DC09345C4D88FA9BF6CC1F660CA742FD4
During a UK parliament select committee hearing in March, Bailey repeated the same claim: that while Bitcoin has no intrinsic value, though may have extrinsic value. He said, "If you want to invest in Bitcoin, be prepared to lose all your money."
However, Bailey is bullish about **stablecoins**, which are cryptocurrencies pegged to some real-world asset, such as the US dollar or the British pound. He said in last month’s speech, “**Stablecoins** could offer some useful benefits. For example, they could further reduce frictions in payments, by potentially increasing the speed and lowering the cost of payments (particularly if global stablecoins were to be established),” he said in the speech. https://decrypt.co/resources/stablecoins
He said these digital assets could complement a central bank digital currency—essentially, a state-rolled crypto, “either as distinct payment options, or with elements of the stablecoin ecosystem, such as wallets, providing consumers with access to a CBDC” could be an option.
For some reason our beloved crypto currency is getting some warm welcome treatment (recognition of the government) at the same time getting cold treatment (prefer not to use).which is there some institution and nation that prefer to use the CBDC -Central Bank Digital Currency.
Country that issuing and prefer to use CBDC
Japan Must Reform Central Bank Laws to Accelerate CBDC Issuance https://www.coinspeaker.com/japan-central-bank-laws-cbdc/
The Bank of Japan stated that it would start conducting research in the following financial year on how to develop and operate its CBCD.
A local government official in Japan has said that the country needs to rapidly amend its central bank laws to allow the Bank of Japan (BOJ) to issue a national digital currency. Kozo Yamomoto, the Liberal Democratic Party lawmaker, stated that the central bank of Japan is at risk of being overtaken by private firms, which could unveil their own virtual currencies that could undermine the Central Bank Digital Currency (CBDC). https://www.reuters.com/article/us-japan-boj-digital-currency-idUSKBN26X196
CBDC Can Create Financial Stability in Japan
Yamomoto stated that he would push the relevant agencies as well as the government to accelerate efforts to revise the BOJ laws to enable the central bank to issue a CBDC.
He has been a visible advocate and vocal for creating changes to the BOJ law that defines the roles and responsibilities of Japan’s central bank.
Yamomoto said:
*“If something too convenient pops up from the private sector, people might start to doubt whether they need yen as a currency unit. We must prevent this from happening. This is fundamentally about protecting Japan’s currency sovereignty.”*
He said that making revisions to the laws to incorporate virtual currencies would make a significant opportunity to add other changes like introducing job creation and an inflation target to the central bank’s responsibilities and roles, as a similar scenario like the U.S federal reserve. https://cointelegraph.com/news/japan-must-amend-central-bank-laws-to-issue-digital-yen-says-official
Yamomoto said:
*“The new law should also clarify that 2% inflation is the BOJ’s policy target.”*
Currently, Japan’s central bank set a 2% annual inflation target, a law that was enacted in 2013 with an aim to help the nation to control deflation. However, the central bank has not enshrined the target in the BOJ law, which states that its responsibility is to ensure that national financial systems remain stable and prices move.
Central banks across the world have been assessing the strategic objectives. The European central bank wants to set a scene for a change of strategy in which it could follow the U.S Federal Reserve to aim for a 2% inflation target in order for periods when prices increase too slow could be compensated for a faster rise at another period.
On Friday, the BOJ stated that it would start conducting research in the following financial year on how to develop and operate its CBCD.
Yamomoto complained that the timeframe of Japan’s central bank was “too late”, saying that the initial phase of experiments should start during the current financial year to March 2021.
He said:
*“I don’t think we need to worry about any financial stability risks from issuing CBDCs.”*
Central Banks Rush to Examine CBDCs
Central banks started to closely examine digital currencies at Facebook social media giant announced that it would issue its own Libra cryptocurrency that would be backed by a combination of major fiat currencies and government debt. https://www.coinspeaker.com/organizations/facebook/
Japan has not been having rapid plans to launch a national digital currency due to economic disruptions and social uncertainty it could cause in a country that has the most cash-obsessed people in the globe.
China has maintained steady progress towards launching its national digital currency, a phenomenon that has influenced the government to rethink and promised in its policy platform of this year to examine more closely at the idea of a CBDC.
With the current rapid technologies that transform the Fintech sector, other leading central banks also have speed up their research on national digital currencies.
As you can see right now the crypto currency is giving a lot of impact this day where there is a fear about handling cash which we could say now that we already enter on a new era of cashless economy which is already been adopted by the major leading country USA, Europe, and even China. https://read.cash/@Agilaxxx/cashless-economy-58c7a620 https://read.cash/@Agilaxxx/can-bitcoin-etf-get-approved-by-us-or-not-072ba157 https://read.cash/@Agilaxxx/digital-euro-8b32301b https://read.cash/@Agilaxxx/the-reason-of-china-rise-a4bf7dd1
Source :
Coinspeaker.com https://www.coinspeaker.com/japan-central-bank-laws-cbdc/
decrypt.co https://decrypt.co/44746/bitcoin-payments-bank-of-england
The Reason of China Rise
China adopting blockchain had a big part for there rise
Few days ago we talk about some issue and state of crypto currency in the two biggest influencer of world which Europe and USA, now lets move in Asia which is said to be where the crypto Currency adoption was on rise. Lets take a look the state and issue of crypto currency in the biggest country in Asia, the China which is holding the title of "sleeping giant". https://read.cash/@Agilaxxx/digital-euro-8b32301b https://read.cash/@Agilaxxx/can-bitcoin-etf-get-approved-by-us-or-not-072ba157
Over the past few years the Chinese Government has been focusing on nurturing the blockchain technology which accelerating the blockchain adoption over the country due to the fact that the country's president applaud the trending technology and identified blockchain as a strategic technology to ensure competitiveness into the next decade.
Majority of China's top financial technology companies are looking into it. about 80% of the financial technology companies listed on SCMP's leader board for top-funded start-ups have run a blockchain pilot or are otherwise investing in the technology.
According to the data from Chinese company information site Qcc.com there is more than 45000 blockchain companies have registered with the Chinese government. more than half of this 45,000 companies are located in China's economic powerhouse. https://decrypt.co/34949/china-has-more-than-45000-registered-blockchain-companies
July 8 2020 written by of 8btc.news
Since 2016, the country has seen an exponential rise in the number of blockchain companies especially in 2018 with over 16,000 companies emerging throughout the year, a 246% increase from the previous year. Though the growth was slowed down in 2019, this year is witnessing another spike in the number of blockchain startups.
Despite the impact of the coronavirus, the number of registered blockchain enterprises recovered quickly after the outbreak was controlled in March and exceeded the pre-epidemic level. In April, more than 1,900 were registered, well above the monthly average for 2019. In June, the number of blockchain-related enterprises reached a new high, with 2,406 new firms registered, up 34.49% month-on-month.
because of this massive adoptions of China in blockchain there is some new career and jobs was been open and rise.
**Blockchain among most popular career options**
Apart from the blockchain frenzy at the business level, the formal introduction of blockchain jobs has also sparked heated discussions. China is taking another step toward blockchain adoption by officially recognizing blockchain engineers and blockchain application operators as new occupations along with seven other jobs.
In a statement, China’s Ministry of Human Resources and Social Security, which is responsible for national labor policies and regulations, noted that the formal introduction of the new occupation types are in line with China’s growing demand to promote employment amid the COVID-19 outbreak. The inclusion of blockchain posts will undoubtedly further expand the industrial scale.
A **report** on the supply and demand of blockchain talents in 2019 shows that the sector continues to attract a large number of talents, with the supply much larger than the demand. In the third quarter of 2019, the number of blockchain job seekers was 7.12 times that of recruitment intake. But with 45,000 companies getting involved in the sector, this might be set to change http://www.199it.com/archives/974110.html
With this action by China which is racing ahead with it ambitious currency plan where they launched there own digital currency which we already witnessed there pilot test for there own digital yuan.
What is Digital yuan? https://decrypt.co/33866/dcep-an-inside-look-at-chinas-digital-currency
DCEP stands for digital currency/electronic payment; otherwise known as China’s central bank digital currency project. The digital yuan is expected to function more like a counterpart to paper money than a cryptocurrency. Unlike Bitcoin, its value is stable. And the central bank will be able to monitor every transaction.
A team within the People's Bank of China has been silently working on the project since 2014. And while the central bank has been typically vague and secretive about the work, rumors have been swirling for months that a launch was imminent.
The app is a fairly straightforward implementation, which includes a wallet and a way to transfer the digital currency with a QR scanner. Graham explained it uses NFC technology, possibly useful for rural or unwired areas. "First impression is that the app looks slick, it’s a pro job in the Silicon Valley tech sense," he said.
Mobile payments are already hugely popular in China. Residents in big cities often only carry their smartphones and pay for everything with apps such as Alipay or WeChat that are linked to their bank accounts.
How does the DCEP works then? https://decrypt.co/33866/dcep-an-inside-look-at-chinas-digital-currency
The DCEP will function both as legal tender and electronic payment. Like physical cash—and unlike debit cards or a private digital pay system like Apple Pay—retailers will eventually not be allowed to refuse it. Although China’s digital yuan doesn’t incorporate the decentralized elements of blockchain technology, it does make use of smart contracts, cryptography and tracking to enhance anti-money laundering efforts and combat tax evasion.
Because it would be state issued and controlled, central bank digital currencies (CBDC) like the DCEP would respond much more to monetary policies than credit cards or **cryptocurrencies** like Bitcoin that are independent of the government. The digitization of cash can also help governments keep tighter control over money in circulation, known as M0, which otherwise is harder for central banks to track. https://decrypt.co/32041/chinese-investors-secretly-buying-bitcoin-helped-fuel-tethers-5-billion-surge
Economists say the digital yuan would also give the PBOC, China’s central bank, greater ability to change interest rates to spur consumption. Increased consumption is one of China’s goals set out in its 13th Five Year Plan, which lays out long term economic strategies up to 2020.
The China is already a cashless society?
In China, mobile payments through apps like Tencent’s WeChat Pay and Alibaba’s Alipay are already in wide use, with most people using their mobile phones to scan a QR code at points of sale. Indeed, cash is so rarely used that even street beggars in China use **printed QR codes** to receive handouts. Credit cards have also fallen out of favor, since they require stores to set up processing infrastructure and charge high fees for transactions. https://www.wsj.com/articles/chinas-mobile-payment-boom-changes-how-people-shop-borrow-even-panhandle-1515000570
Last August of this year 2020 China expands there digital yuan trial to more cities which being rolled out for testing in several major cities across the region
August 14 2020 written article of 8btc
The long-anticipated digital yuan will be piloted in more cities across the country, announced China’s ministry of commerce on August 14.
According to the official **statement**, these cities include those in the northern Chinese region of Beijing-Tianjin-Hebei, eastern region of Yangtze River Delta, the “Greater Bay Area” around the Pearl River Delta, and some cities in Midwestern China. http://images.mofcom.gov.cn/fms/202008/20200814092010665.pdf
The document states that the People’s Bank of China (PBoC) shall formulate policy safeguards. Cities like Shenzhen, Chengdu, Suzhou, Xiong’an New Area and future winter Olympic scenarios will assist in the pilot project, and then it will expand to other regions as the case may be.
On the news, digital currency-related stocks in the country surged. By midday, the digital currency sector was up 2.65%, with several stocks rising nearly 10%.
The spate of digital yuan related news over the past few months indicates that the DCEP (its official name) might be ready to come out.
Earlier this month, 8btc **reported** that China’s major state-run commercial banks had been conducting large-scale internal testing of the digital wallet designed for the digital yuan, which indicates the official launch of the country’s central bank digital currency is one step closer. https://news.8btc.com/four-chinese-state-owned-banks-confirm-theyre-testing-cbdc-digital-wallets
On August 3, the PBoC pointed out in a video conference for the second half of 2020 that the “closed trial of legal digital currency has been successfully launched” in the first half of the year, and the research and development on it will be “actively yet prudently promoted” in the second half.
In April, employees of administrative units in Xiangcheng district in Suzhou city were reportedly required to install a digital wallet to receive 50% of their transport subsidies in the new digital currency.
The digital economy is an increasingly important driver of global economic growth. The R&D and application of legal digital currency are conducive to efficiently meeting the demand of the public in the digital economy, improving the convenience, security and anti-counterfeiting level in retail payment, and boosting the development of China’s digital economy.
As early as 2014, the People’s Bank of China set up a special team to study issues regarding the framework of digital currency issuance, key technologies, circulation environment and relevant international experience. In 2017, the PBoC organized some heavyweight commercial banks and institutions to jointly develop the digital yuan. DCEP has basically completed the work of top-level design, standard formulation, functional research and development, joint testing under the premise of adhering to two-layer operation, cash (M0) substitution and controllable anonymity.
And after few months trial for DCEP on October 6 2020 there is a report that China Central Bank transact $160 Million in digital yuan. https://decrypt.co/44049/chinas-central-bank-transacts-160-million-in-digital-yuan?&utm_medium=referral&utm_campaign=feed&utm_source=coinbase
The People’s Bank of China (PBoC) has processed over three million transactions—worth 1.1 billion yuan ($162 million) as part of its trial of the **DCEP** (Digital Currency, Electronic Payment), its pilot for a central bank digital currency (CBDC). https://decrypt.co/33866/dcep-an-inside-look-at-chinas-digital-currency
Speaking at virtual conference **Sibos 2020** on Monday, the PBoC’s deputy governor Fan Yi Fei noted that, “An aggregate of 113,300 personal digital wallets and 8,859 corporate digital wallets have been opened […] up until late August.” https://www.sibos.com/
DCEP “red envelopes” for key workers
According to ***FinTech Futures’*** report, the deputy governor confirmed that “internal closed pilots” have been launched in **Shenzhen, Suzhou and Xiong’an**. The PBoC also plans to test its digital yuan during the upcoming **Winter Olympics** in Beijing. https://www.fintechfutures.com/2020/10/sibos-2020-chinese-central-bank-processes-cbdc-worth-162m-in-2020/ https://decrypt.co/32096/what-chinas-citizens-really-think-of-its-digital-currency https://decrypt.co/26216/china-readies-digital-yuan-for-2022-beijing-winter-olympics
The bank has reportedly researched over 6,700 use cases for a CBDC, including areas such as bill payments, catering services, transportation, shopping and government services.
Additionally, around 5,000 medical workers in Shenzhen’s Luohu district have received “red envelopes” containing digital yuan for their contributions to fighting the coronavirus pandemic. These funds can be spent at specified merchants in the district.
The global implications of China’s DCEP
Yi Fei also reportedly noted that the “evolution of currencies” is the key element that would allow banks to improve cross-border payments. “We could achieve interoperability and address the trilemma—low costs, low risks, high efficiencies—by using digital fiat currency,” Yi Fei explained, adding that, “To protect fiat currency from these cryptoassets and safeguard monetary sovereignty, it is necessary for the central banks to digitize banknotes through new technologies.”
The PBoC regards the DCEP as an important financial infrastructure for the future, Yi Fei explained, adding that “In recent years, with the development of distributed ledger technology and cryptoassets such as Bitcoin, **stablecoins** have emerged and triggered a new wave of competition attempting to reap profit from substituting the fiat currency in circulation.” https://decrypt.co/resources/stablecoins
As *Decrypt* reported, China is likely to **reduce its holdings** of US Treasury bonds to just under $800 billion—from the current level of more than $1 trillion—ahead of the digital yuan’s launch. https://decrypt.co/19367/us-intelligence-fears-the-dollar-may-lose-global-dominance
The emergence of a Chinese CBDC could have global implications. US lawmakers have already met to discuss the **need for a digital dollar** in light of China’s DCEP, while the country’s Office of the Director of National Intelligence has sought out researchers to explore the effects of the US dollar **losing global dominance**. https://decrypt.co/36351/us-senate-hearing-to-discuss-how-a-digital-dollar-could-combat-china https://decrypt.co/19367/us-intelligence-fears-the-dollar-may-lose-global-dominance
Source :
decrypt.co https://decrypt.co/44049/chinas-central-bank-transacts-160-million-in-digital-yuan?&utm_medium=referral&utm_campaign=feed&utm_source=coinbase
yuqing.people.com.cn http://yuqing.people.com.cn/
Getting Tips everyday is really good feeling. just hope this will continue even little at least it had hehe
Can Bitcoin ETF get approved by US or not?
The USA had influence in everything
Even we believe or not the United States of America is considered one of the leading countries in issues of crypto currency regulation which is setting the pace for much of the world.
Let's know and take a look at the legality of Bitcoin first in US and the various activities associated with it. https://decrypt.co/43756/is-bitcoin-legal-in-the-usa-2020-update
The legal status of Bitcoin in the United States under federal law
The two bodies most concerned with Bitcoin at a federal level are the US Securities and Exchange Commission (SEC), an independent agency of the federal government which enforces federal securities laws and regulates securities markets, and the Commodity Futures Trading Commission (CTFC), which regulates the US derivatives markets—including futures, swaps, and some options.
Crucially, the SEC has stated that **Bitcoin is not a security**. Meanwhile, the CTFC declared, in 2015, that it is a **commodity**, like gold, and thus subject to its regulations. https://www.investopedia.com/news/sec-chair-says-bitcoin-not-security/ https://www.cnbc.com/2015/09/18/bitcoin-now-classed-as-a-commodity-in-the-us.html
The legal status of Bitcoin in the United States under state law
Largely because of the fragmented legal system in the US, the situation regarding Bitcoin is patchy; there are myriad laws, and they vary from state to state.
Hawaii, for instance, **banned all crypto operations** in 2014 but **relented** in 2018, and now requires anyone involved in operations related to Bitcoin and cryptocurrencies to apply for a money transmitter license. http://cca.hawaii.gov/dfi/bitcoin-warning/ https://www.carltonfields.com/insights/publications/2018/state-regulations-on-virtual-currency-and-blockchain-technologies
New York, Delaware, Florida, and Kansas have also adopted regulations, but the majority of states haven’t legislated on cryptocurrency.
Wyoming stands out. “**The Blockchain State**” has passed over a dozen laws facilitating easier commerce for cryptocurrency businesses and broader acceptance of crypto—including granting digital currencies the same legal status as money and authorizing banks to hold digital assets in custody. https://www.crowdfundinsider.com/2020/08/165231-ab-2150-californias-digital-asset-legislation-is-now-just-about-a-mandated-study/
Although it’s not due **any time soon**, California’s “**Digital Asset Regulatory Bill**” is designed to provide the state with similar regulatory clarity, and (it hopes) position it as a potential hot spot for crypto businesses. It was overwhelmingly passed by the State’s Senate Committee in August and is now subject to a report. https://www.crowdfundinsider.com/2020/08/165231-ab-2150-californias-digital-asset-legislation-is-now-just-about-a-mandated-study/ https://californiaglobe.com/section-2/digital-asset-regulatory-bill-passes-senate-committee-7-0/
For some reason even the bitcoin or crypto currency is legal in America there still some point that wasn't approve and keep being block like such the ETF that for bitcoin or the Bitcoin ETF which is proposed to the SEC of US.
***What is ETF anyway?*** https://decrypt.co/resources/bitcoin-etf-explained-guide-learn-easy
An ETF, or exchange traded fund, is an investment vehicle that tracks the value of its underlying asset
The first ETF launched in 1993, and they became popular as a way for retail investors to invest in a basket of assets at once. If you wanted to invest in 500 of the largest companies in America at once, you could buy shares in a S&P 500 ETF.
***What is Bitcoin ETFs means?*** https://decrypt.co/resources/bitcoin-etf-explained-guide-learn-easy
A Bitcoin ETF works in much the same way as a conventional ETF.
If you want to invest in Bitcoin, you could buy shares in a Bitcoin ETF, which you could trade on a traditional stock exchange—just like you’d trade your shares in Tesla or Apple.
Bitcoin ETFs *track* the current **price of Bitcoin**, meaning that you don’t actually have to buy Bitcoin yourself and store it in your cryptocurrency wallet. https://decrypt.co/price/bitcoin
The Important things you should need to know about Bitcoin ETF https://decrypt.co/resources/bitcoin-etf-explained-guide-learn-easy
Who Invented the Bitcoin ETF?
A Bitcoin ETF is simply a normal ETF with Bitcoin as the underlying asset being tracked—so strictly speaking, no one invented the concept.
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However, the first application for a Bitcoin ETF was filed with the Securities and Exchange Commission (SEC) by the Winklevoss Bitcoin Trust in 2013 and the US Patent and Trademark Office awarded the Winklevoss’s a patent for “exchange-traded products.”
How would a Bitcoin ETF work?
A Bitcoin ETF would be managed by a firm that buys and holds the actual Bitcoin; the price would be backed by the Bitcoin held in the fund. The firm would list this ETF on a traditional stock exchange, for instance the New York Stock Exchange. You could trade this ETF just as you would any other stock.
A couple of things to note: First, some ETFs, like an S&P 500, represent equity shares, so you’d get a cut of the dividend that, say, Tesla pays its shareholders, as well as any dividends paid out by the other 499 firms. Bitcoin’s decentralized, so that wouldn’t happen.
Second, just like other ETFs, you’d also have to pay fees to the company that handles the Bitcoin ETF. This would go to its operators, but some of it would also pay the custody and management fees for the purchase and storage of the Bitcoin that underlies the ETF.
A brief history of the Bitcoin ETF
July 2013 – The first Bitcoin ETF proposal is filed by the Winklevoss Bitcoin Trust.
June 2018 – The Winklevoss’s second Bitcoin ETF proposal is rejected by the SEC.
February 2020 – Wilshire Phoenix becomes the latest project to have its Bitcoin ETF project **rejected by the SEC**. https://www.sec.gov/rules/sro/nysearca/2020/34-88284.pdf
September 2020 – The world’s first Bitcoin ETF is listed on the **Bermuda Stock Exchange**. https://decrypt.co/42675/bitcoin-etf-finally-launches-bermuda
Why would you use a Bitcoin ETF?
There are a few reasons why ETFs are preferable to buying Bitcoin directly.
Holding Bitcoin places the burden of security squarely on you. This means that you would be responsible for keeping your own private key safe. This may comprise buying a hardware wallet to protect purchased Bitcoin or storing private keys in a secure manner.
Buying Bitcoin yourself also exposes you to the risk of exchanges, many of which have been **hacked** at least once. You’d also have to work out how to **file taxes** for each purchase and sale of Bitcoin. And if you don’t know how to do all of these things, you’d have to research the crypto rabbit hole to work everything out. ETFs solve these problems by offloading the responsibility of security and storage to someone else. https://decrypt.co/6236/biggest-hacks-and-scams-in-bitcoin-history https://decrypt.co/20777/how-to-file-your-crypto-taxes-in-the-us
Bitcoin ETFs would also offer new types of trading opportunities. One is “short-selling.” This is, in effect, a bet against Bitcoin. It works by borrowing the ETF and selling at the current market price. The position is then closed by re-buying the ETF at a (hopefully) lower price.
What’s so special about a Bitcoin ETF?
Since ETFs are generally understood by traditional investors, but cryptocurrencies are not, many crypto advocates believe that a Bitcoin ETF could bring more money into the crypto market. It creates a safe bridge for mainstream and institutional investors to make bets on the price of Bitcoin.
If it’s far easier to invest in a Bitcoin ETF, the argument goes, more people are likely to do it; Bitcoin is one of the **best performing assets** of the decade, and its volatility and potential risk make it attractive for high-risk investors. https://decrypt.co/27311/bitcoin-beats-gold-as-the-most-profitable-investment-of-2020
A Bitcoin ETF is expected to bring a new level of mainstream trustworthiness and acceptance. Bitcoin ETF proposals continue to be proposed and pushed to the SEC despite being rejected over the last several years because one approval could open up a floodgate of new investments into the crypto space.
Essentially, an approval by the SEC means that institutional investors would be able to trade and invest in the price of bitcoin. That also means that Bitcoin joins the rest of the securities market and can be easily exchanged for Tesla stock, US bonds, gold, oil or any other traditional asset.
*So according to above information about Bitcoin ETF we already know that having it is like having a holy grail for institutional investors' acceptance for our beloved bitcoin.*
***So why the*** ***SEC still block*** ***the Bitcoin ETF then?*** https://decrypt.co/44328/still-no-bitcoin-etf-in-the-us-whats-happening
US Securities and Exchange Commission (SEC) has repeatedly blocked proposals for a Bitcoin ETF, and the prospects of the investment vehicle launching in the US have become increasingly distant.
An ETF is a little like listing Bitcoin’s price on the stock market. ETFs track the price of an asset (or several at a time)—in this case Bitcoin. To investors, a Bitcoin ETF would be an investment vehicle that offers exposure to Bitcoin without actually holding Bitcoin itself.
This means they don’t have to concern themselves with issues of custody—for the high rollers, paying someone to secure your Bitcoin can get pricey—and they can play around with the usual tools of the stock market, such as short selling.
The SEC is the main roadblock to a Bitcoin ETF
But the SEC has blocked several proposals for a Bitcoin ETF. At least nine entities have applied so far, with no success. Cameron and Tyler Winklevoss, founders of the Gemini crypto empire, tried to launch a Bitcoin ETF in 2017, but the SEC shot it down.
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At the time, it argued that ETF exchanges wouldn’t have enough oversight on Bitcoin, since much of Bitcoin is traded on unregulated exchanges and the price is prone to manipulation.
Others have swung and missed. The investment firm VanECK worked with blockchain startup SolidX to publicly list a Bitcoin Trust, but withdrew their applications several times last year after backlash from the SEC. And the SEC snuffed Bitwise Asset Management’s **attempt for a Bitcoin ETF** last year, even though it argued that its ETF derived its price from cryptocurrency exchanges that had not faked transaction volume. https://decrypt.co/10275/crypto-industry-shrugs-off-latest-bitcoin-etf-rejection
The SEC said that this wasn’t effective enough to “insulate” the ETF from “attempts at manipulation in a way beyond that of existing derivative securities products that trade on highly regulated markets.”
Why has the SEC blocked the creation of a Bitcoin ETF?
While Bitcoin ETFs may sound attractive, few exist worldwide, and there aren’t any Bitcoin ETFs in the US.
Since 2017, the US Securities and Exchange Commission (SEC) has repeatedly rejected proposals for Bitcoin ETFs. The major issue, according to SEC Chairman Jay Clayton, is that Bitcoin’s price is prone to manipulation. And even if a Bitcoin ETF only drew prices from the most scrupulous cryptocurrency exchanges, Bitcoin’s price could be manipulated on less reputable exchanges with looser restrictions.
SEC Chairman Jay Clayton reiterated this a year later at **Coindesk’s conference**: “The prices retail investors are seeing are the prices they should rely on, and free from manipulation—not free from volatility, but free from manipulation.” https://www.coindesk.com/clayton-sec-ico-funding-security-offering
SEC approval would be a major victory for Bitcoin towards being seen as a legitimate investment.
Can a Bitcoin ETF ever gain SEC approval?
Through its denials, the SEC has outlined two ways to establish a Bitcoin ETF that satisfies Exchange Act 6(b)(5), Bob Morris, Chief Compliance Officer at Apifiny, told *Decrypt*.
An applicant must prove one of two things. First, that Bitcoin is “inherently resistant to fraud and manipulation, or that other means to prevent fraudulent and manipulative acts and practices will be sufficient”. Second, that any exchange listing the Bitcoin ETF has entered into a surveillance agreement with a “regulated market of significant size” because “such agreements provide a necessary deterrent to manipulation because they facilitate the availability of information needed to fully investigate manipulation if it were to occur.”
Given that fulfilling the first criterion is very difficult, the second option could be a way forward, said Arad. This notion of shared-surveillance refers to “frameworks existing in other markets that allow monitoring for risks across multiple markets at the same time.”
This, coincidentally, is what Solidus Labs has built: a “crypto-native cross-market manipulation solution in some markets outside the US which can be deployed either by regulators or by consortiums set by the exchanges themselves.” It’s currently working with exchanges to set up a framework.
Morris said that the SEC and FINRA helped guide this framework through a recent **No-Action Letter**, which outlined how broker-dealers such as a Coinbase can facilitate crypto transactions without incurring the wrath of the SEC. The way to do this, said Morris, was to provide surveillance procedures. https://decrypt.co/43037/the-sec-just-reduced-risk-for-broker-dealers-like-coinbase
Arad notes that the securities industry also faced this issue. There, the Intermarket Surveillance Group, a shared-surveillance consortium, let US exchanges trade derivatives of securities native to foreign markets, he said. And the online loans industry succeeded in the late 2000s when “ID Analytics partnered with lending platforms to create the Online Lending Network, a loan application data repository that detects attempts to stack loans,” he said.
“It’s important to keep in mind that the ETF is just one example—this challenge of cross-market manipulability is a barrier for market integrity and regulated crypto trading as a whole, and therefore to the growth of the industry as a whole.”
Megan Monroe-Coleman, who heads compliance at San Francisco-based crypto exchange OKCoin, told *Decrypt* that regulators’ general crackdown on crypto projects “help[s] increase the credibility of cryptocurrency in the market.” This, she said, makes the industry less attractive for “bad actors,” and paves the way for ”a measured but deliberate shift in the reputation of the crypto industry as a whole."
https://m.youtube.com/watch?v=iJEcQxMoYew
Source :
decrypt.co https://decrypt.co/resources/bitcoin-etf-explained-guide-learn-easy
m.youtube.com https://m.youtube.com/watch?v=iJEcQxMoYew
Learn About Smart Contract
Lets learn about smart contract and how it work
You all must familiar with apps and app stores right? where you browse something and download the app you want .
behind this apps lovely UX and UI Interfaces these apps are performing a specific set of instruction as laid out by their creator or programmer. it could be a online/offline game, a Calendar or clock, or a way to buy something and services. smart contracts perform a very similar function the only difference is with smart contract there's no middleman or third party.
if you are investor or planning to invest something then you must need this importance piece about smart contract.
What is Smart Contract?
A smart contract is a contract that's design to carry out a set of instructions. a contract that expressed as a piece of code.
In smart contract there's no person or company holding your information only the blockchain verifies and hold a record for you. If we believe as crypto enthusiast that Bitcoin is the Gold on the crypto industry then Smart contracts can be considered to be the oil in crypto industry that runs on. https://www.investopedia.com/terms/b/blockchain.asp
Another quality of smart contract is it removes the need to trust so many people in the process of buying something.
https://m.youtube.com/watch?v=RZXJMdAk5zk
Smart Contract are ;
🔒 Secure - They use cryptography to stop people altering records.
🔍 Transparent - Everyone can see on the blockchain what the smart contract is and what it’s being used for.
🙏 No more middlemen - Smart contracts don’t need a third party to verify. The blockchain does that for you.
🤖 Autonomous - They work automatically, so you’re not having to wait for someone to push a button.
✅ Accurate - Because smart contracts are written in code, they don’t rely on the grey areas of a language and what words mean.
How Smart contract working
So, you want to buy a car online without a smart contract. In order to do so you need:
📇 A listing site to hold the information on all the cars you’d like to see
📯 A way of communicating with sellers
💰 A payment system to allow you to exchange money once you’ve found your car
💳 Some capacity to get a refund if the car turns out to be a dud
👨⚖️ You'll also need to register the exchange of car ownership with the authorities
Each of these points requires you to trust the site or service you’re accessing—and a lot of the time, each part of that process is controlled by a different company or individual.
It wouldn’t take much for a sneaky person or organisation to change any of the above, making the whole process void.
Things you must need to know about Smart contract https://decrypt.co/resources/smart-contracts
The difference with smart contracts is, instead of a bank (or any third party) being the controller of that decision, it falls to the blockchain.
💸If the amount in the digital wallet is larger and has not been spent already, release the funds.
🙅♀️ 💵If the amount in the digital wallet is smaller, or has been spent already, do not release the funds.
The exciting bit about smart contracts is it means anyone can enter into an agreement with anyone else with the blockchain keeping a record of the whole thing.
How do dapps use smart contracts?
**Dapps**, or decentralized apps, can be best thought of as a bunch of smart contracts tied together. https://decrypt.co/resources/dapps
A smart contract on its own can only be used for one type of transaction. A dapp, however, can bundle multiple smart contracts together to do more sophisticated things.
A dapp can also put a friendly interface on top of the contracts—just like apps do today.
Some notable dapps
📉 **Augur** - A tool that allows anyone to speculate on derivatives https://decrypt.co/resources/augur
🏦 **MakerDAO** - A **decentralized finance (DeFi)** dapp that enables users to lend and borrow of cryptocurrencies without needing a middleman. https://decrypt.co/resources/makerdao-guide-learn-explained-decrypt-3-minutes https://decrypt.co/resources/defi-decentralized-finance-explained-guide-learn
🦄 **Uniswap** - An Ethereum-based exchange that allows anyone to swap **ERC20** tokens. https://decrypt.co/resources/what-is-uniswap https://decrypt.co/resources/erc20
🐱 **CryptoKitties** - Unique **NFT**-based crypto-collectibles that can be "bred" using smart contracts. https://decrypt.co/resources/cryptokitties https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain
👛 **Argent** - an Ethereum **wallet** that uses smart contracts to abstract away concepts like **addresses** and **private keys**. https://decrypt.co/30330/argent-wallet-review-defi-made-easy https://decrypt.co/resources/wallets https://decrypt.co/36556/how-to-get-a-bitcoin-address https://decrypt.co/43093/how-hard-is-it-to-brute-force-a-bitcoin-private-key
Who created smart contracts?
Like the blockchain technology used to power most cryptocurrencies, smart contracts were derived from earlier technologies that weren’t quite complete. In the case of smart contracts, they are derived from earlier electronic instruction execution programs that used if/else statements other conditional logic to automatically produce an outcome based on the information it is presented with.
The term “smart contract” itself was coined in the 1990s in an **academic paper** created by Nick Szabo, a prominent computer scientist and cryptographer that was also responsible for developing one of the earliest precursors to Bitcoin, known as Bit Gold. Szabo initially described smart contracts for a variety of basic purposes like fraud reduction and enforcing contractual arrangements, but later elaborated on the potential use-cases of the technology to digital cash, smart property, and more in a **1996 paper**. https://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart.contracts.html https://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart_contracts_2.html
Ethereum implemented a Turing-complete language on its blockchain, allowing for complex and sophisticated logic in its smart contracts.
Smart contracts aren’t always perfect
Although smart contracts are generally considered to be a “trustless” way of enforcing agreements and logic, they aren’t without their fair share of problems.
For one thing, smart contracts are immutable on many blockchains. This means that once launched, they cannot be changed or upgraded, which can lead to disastrous consequences if there are underlying issues with the code. This is perhaps best highlighted by the 2016 **Ethereum DAO hack**, which saw an unknown hacker siphon off millions of ether (ETH) by exploiting a loophole in the DAO’s split function. https://decrypt.co/41952/book-sheds-new-light-on-ethereums-55-million-dao-hack
Unknown and novel attack vectors can also often be exploited, usually ending with investors losing money. This was seen in September 2020, with the collapse of the test version of Eminence, a project by Yearn Finance's Andre Cronje. It was **exploited for $15 million** by an unknown hacker after a huge number of investors sank their money into it. https://decrypt.co/43292/eminence-finance-exploit-leads-to-degen-soul-searching
Likewise, simple bad code can render the smart contract effectively useless. This was seen with the collapse in August 2020 of the DeFi yield farming project known as YAM, which used **unaudited smart contracts** and was thwarted by a **critical bug** that rendered its governance feature useless. https://decrypt.co/38653/yampocalypse-now-how-hubris-and-speculation-smashed-the-latest-defi-token https://decrypt.co/38510/overnight-defi-success-yam-finance-alerts-users-bug
**The future of smart contracts**
Nowadays, most blockchains have smart contract functions, with active communities of developers creating dapps using smart contracts on blockchains such as **Cosmos**, **NEO** and **Hyperledger**. The scope of smart contracts' capabilities can range from very simple on something like Bitcoin or **Litecoin**, to more advanced on dapp-capable blockchains like Ethereum, **Tron**, and **Polkadot**. https://decrypt.co/resources/cosmos https://decrypt.co/resources/neo https://decrypt.co/resources/hyperledger https://decrypt.co/resources/litecoin https://decrypt.co/resources/tron https://decrypt.co/resources/polkadot-what-is-guide-run-through-gavin-wood-ethereum
They are now used for a huge range of tasks, including digital identities, supply chain management, insurance, data storage, and **a whole lot more**. https://www.technologyreview.com/2018/11/19/139032/blockchain-smart-contracts-can-finally-have-a-real-world-impact/
We’re still in the early days of what smart contracts and dapps can be used for. But there are companies and even governments experimenting with their potential already.
🇪🇪 Government - Countries like Estonia have already started using Blockchain to run the state.
🔗 **Supply chains** - Startups like Provenance are helping manufacturing companies use blockchain to buy and ship goods https://decrypt.co/resources/supply-chain
📓 Insurance - Startups like Etherisc are helping create insurance platforms for the aviation and farming industry.
Just keep always remember to do a D.Y.O.R before doing investing so your money is in safe hand. also do a lot of security like Google authenticator to protect yourself in hack.
Source :
decrypt.co https://decrypt.co/resources/smart-contracts
m.youtube.com https://m.youtube.com/watch?v=RZXJMdAk5zk
Coinbase CEO point there Mission
Coinbase Leader publish announce that coinbase must be a mission focus company.
We already witness the evolve of this company from the past few years as a crypto currency fan and user of this platform but as we don't know the coinbase has had its own challenges including employee walkouts.
Coinbase CEO and Co-Founder *Brian Armstrong* want to make the coinbase to be a laser focused on achieving there company mission due to the fact that he believe that is the best way that the coinbase can have the biggest impact in every corner of the world. https://www.forbes.com/profile/brian-armstrong/
***Coinbase*** want to try to play as a championship team which is focus in building and being transparent about what are there mission is and isn't. https://www.coinbase.com/join/guille_m6?src=android-link
Mr.Brian Armstrong address this in case it help other to navigate a path through challenges time
He published a detailed article about the mission and explain how the coinbase must be in September 28, 2020 and a follow up about it this morning.
***September 28, 2020 public address*** https://blog.coinbase.com/coinbase-is-a-mission-focused-company-af882df8804
***Play as a championship team***
During difficult times I think it’s important to go back to the guideposts we’ve established, like our **culture doc**, mission, and values. https://blog.coinbase.com/culture-at-coinbase-fe510fe9c098
One of the tenets of the Coinbase culture doc is to play like a championship team. What does this mean?
**Be company first:** We act as #OneCoinbase, putting the company’s goals ahead of any particular team or individual goals.
**Act in service of the greater mission:** We have united as a team to try and accomplish something that none of us could have done on our own.
**Default to trust:** We assume positive intent amongst our teammates, and assume ignorance over malice. We have each other’s backs.
**Focus on what unites us, not what divides us:** We help create a sense of cohesion and unity, by focusing on what we have in common, not where we disagree, especially when it’s unrelated to our work.
**Sustained high performance:** As compared to a family, where everyone is included regardless of performance, a championship team makes a concerted effort to raise the bar on talent, including changing out team members when needed.
Through this lens, we start to have a glimpse of a solution. A championship team wants to win, and every teammate is willing to make sacrifices to achieve that. They have each other’s back, and focus relentlessly on the long term goal, avoiding distractions.
Focus on building
There are many places that a company can choose to allocate its limited time and resources. There is never enough time to do everything, so companies need to choose what change they want to see in the world and focus there. It can take decades to move the needle on large global challenges.
At Coinbase, we say that we are focused on building. What does this mean? It means we are going to focus on being the best company we can be, and making progress toward our mission, as compared to broader societal issues.
We focus on the things that help us achieve our mission:
**Build great products:** The vast majority of the impact we have will be from the products we create, which are used by millions of people.
**Source amazing talent:** We create job opportunities for top people, including those from underrepresented backgrounds who don’t have equal access to opportunities, with things like diverse slates (Rooney rule) on senior hires, and casting a wide net to find top talent.
**Fair talent practices:** We work to reduce unconscious bias in interviews, using things like structured interviews, and ensure fair practices in how we pay and promote. We have a pay for performance culture, which means that your rewards and promotions are linked to your overall contribution to the mission and company goals.
**Enable belonging for everyone:** We work to create an environment where everyone is welcome and can do their best work, regardless of background, sexual orientation, race, gender, age, etc.
We focus minimally on causes not directly related to the mission:
**Policy decisions**: If there is a bill introduced around crypto, we may engage here, but we normally wouldn’t engage in policy decisions around healthcare or education for example.
**Non-profit work:** We will do some work here with our Pledge 1% program and GiveCrypto.org, but this is about 1% of our efforts. We are a for-profit business. When we make profit, we can use that to hire more great people, and build even more. We shouldn’t ever shy away from making profit, because with more resources we can have a greater impact on the world.
**Broader societal issues:** We don’t engage here when issues are unrelated to our core mission, because we believe impact only comes with focus.
**Political causes:** We don’t advocate for any particular causes or candidates internally that are unrelated to our mission, because it is a distraction from our mission. Even if we all agree something is a problem, we may not all agree on the solution.
Of course, there are exceptions here around internal employment matters, whistleblowing, etc. And we want all employees to feel safe disagreeing on the work itself. Candor and debate are core to a healthy team, where it is safe to disagree. We consider these to be related to our mission.
Why are we mission focused?
It has become common for Silicon Valley companies to engage in a wide variety of social activism, even those unrelated to what the company does, and there are certainly employees who really want this in the company they work for. So why have we decided to take a different approach?
**The reason is that while I think these efforts are well intentioned, they have the potential to destroy a lot of value at most companies, both by being a distraction, and by creating internal division.** We’ve seen what internal strife at companies like Google and Facebook can do to productivity, and there are many smaller companies who have had their own challenges here. I believe most employees don’t want to work in these divisive environments. They want to work on a winning team that is united and making progress toward an important mission. They want to be respected at work, have a welcoming environment where they can contribute, and have growth opportunities. They want the workplace to be a refuge from the division that is increasingly present in the world.
Change happens in the world only when a smart, talented, group of people come together to focus on a hard problem for a decade or more. Many companies never stand the test of time, because they decide to dabble in unrelated efforts, and distract and divide their workforce in the process. Paradoxically, by being laser focused on our mission, we will likely have an even greater impact on the world, through our products and growing customer base.
Lastly, it would go against our principles of inclusion and belonging to be more of an activist company on issues outside of our core mission. We have people with many different backgrounds and viewpoints at Coinbase, and **even if we all agree that something is a problem, we may not agree on how to actually go solve it**. This is where there is a blurry line between moral statements and politics. We could use our work day debating what to do about various unrelated challenges in the world, but that would not be in service of the company or our own interests as employees and shareholders.
What is the scope of our mission?
Coinbase’s mission is to create an open financial system for the world. This means we want to use cryptocurrency to bring economic freedom to people all over the world. This is difficult and important work, and every employee at Coinbase signed up because they are excited about this mission.
Economic freedom is unevenly distributed around the world.
I realized at some point this year that many employees were interpreting our mission in different ways. Some people interpreted the mission more broadly, to include all forms of equality and justice. It makes sense if you believe that economic freedom is not possible without equality for all people. Others interpreted the mission more narrowly, believing that we were trying to create infrastructure for the cryptoeconomy, and that yes, this would create more equality of access for all people, but we weren’t trying to solve all forms of inequality in the world.
**The narrower interpretation is how I intended the mission to be understood. I don’t think companies can succeed trying to do everything. Creating an open financial system for the world is already a hugely ambitious mission, and we could easily spend the next decade or two trying to move the needle on global economic freedom.** We will keep building the most trusted and easiest to use financial products that help people access the cryptoeconomy, so everyone can get the benefits of this new technology and we can bring more **economic freedom** to the world. https://blog.coinbase.com/how-digital-currency-will-change-the-world-310663fe4332
A clear agreement
At the Q3 all hands meeting this past week, I shared with the company the above clarification of our culture and mission. These types of clarifications are needed periodically, as almost every year there will be some sort of event which tests the culture. My goal is to create clarity for all employees going forward about how we’re going to operate. I suspect the vast majority of people will be excited to proceed in this direction — after all, the mission is what we all signed up for and is what Coinbase is uniquely positioned to achieve as a company. But for some employees, working at an activism focused company may be core to what they want, and we want to prompt that conversation with their manager to help them get to a better place. Life is too short to work somewhere that you aren’t excited about, and we’re happy to make that a win-win conversation.
We’ve clarified this new agreement in some new internal communication guidelines that we published in the last month, but in summary it says:
We won’t:
Debate causes or political candidates internally that are unrelated to work
Expect the company to represent our personal beliefs externally
Assume negative intent, or not have each others back
Take on activism outside of our core mission at work
We will:
Fight to get on the same page when we have differences
Support each other, and create team cohesion
Assume positive intent
Put the company goals ahead of our teams or individual goals
Of course, employees should always feel free to advocate around issues of pay, conditions of employment, or violations of law, for instance. Hopefully the above sets some clear guidelines.
Conclusion
These are difficult times, and every CEO I know is trying to figure out how to lead through it.
I recognize that our approach is not for everyone, and may be controversial. I know that many people may not agree, and some employees may resign. I also know that some of what I’ve written above will be misinterpreted, whether accidentally or on purpose. But I believe it’s the right approach for Coinbase that will set us up for success long term, and I would rather be honest and transparent about that than equivocate and work in a company that is not aligned.
We need to do a better job of being authentic about who we are, and hopefully this blog post is a first step in that direction. We are an intense culture and we are an apolitical culture. We’re also committed to making Coinbase a place that creates incredible job opportunities and a welcoming environment for people of every age, race, gender, sexual orientation, etc.
With a strong, united culture, we can build a company that changes the world. At Coinbase, that culture means staying focused on our mission and being the best company we can be. I believe this is how we will have the greatest impact. With this clarity, hopefully everyone can make an informed decision and we can move forward as #OneCoinbase.
***October 9 2020 the followed up article written by Sir Brian Armstrong*** https://blog.coinbase.com/a-follow-up-to-coinbase-as-a-mission-focused-company-6e7545e9aea2
Hopefully it sheds some light on how it has unfolded.
Hi team,
I wanted to send you a follow up now that the deadline has passed for people opting in to the exit package.
I know there have been many difficult conversations happening to help clarify what our apolitical culture means in practice. It’s been great to see the whole team come together to reach understanding here, and support each other through it. It’s not easy to get through, but I think it will result in us having a stronger and more united team.
I also want to acknowledge that we could have done a better job bringing the Operating Group and managers along on this clarification of our culture so everyone was prepared before it went out to a wider group. Our practices will continue to evolve as we grow as a business, and we’ll work to do a better job on this in the future.
Many of you are probably curious about the outcome. I wanted to share that about 5% of employees (60) have decided to take the exit package. There are a handful of other conversations still ongoing, so the final number will likely be a bit higher. For those of you who have decided to move on, I want to thank you for your contributions to Coinbase and we wish you the very best. And for those of you who are opting in to the next chapter, I want to thank you for your trust and commitment to this mission. I’m excited to build the future with all of you.
I’ve heard a concern from some of you that this clarification would disproportionately impact our under-represented minority population at Coinbase. It was reassuring to see that people from under-represented groups at Coinbase have not taken the exit package in numbers disproportionate to the overall population. We’ll continue to keep a close eye on this to ensure we are building a diverse, inclusive environment where everyone feels they belong.
Finally, I saw a few misconceptions pop up in public responses. And I know many of you have had friends and family read various articles and send them your way. I thought I would take a minute to address a few of them.
**Isn’t crypto inherently political?**
Yes, we are ok being political about this one particular area because it relates to our mission.
**Do employees have to pretend politics don’t exist?**
No, we support each other through tough times and also have conversations about recent events like any team. We have just made a decision to not engage in broader activism as a company outside of our mission.
**How will I know what counts as political?**
We recognize it’s a blurry line, and ask that employees use good judgment. Our goal is not to look for violations, but rather to support employees in adapting to these clarified expectations.
**Does Coinbase just stand for making a profit?**
No, we stand for accomplishing the mission and for creating a great place to work. Growing revenue and profit is the only way we will be able to grow our team to build all the things that are needed to accomplish the mission. And we need an environment that is welcoming to everyone to attract and retain team members.
Hopefully these clarifications help clear up any remaining misunderstandings. To help create the same clarity for our external audience and prospective candidates, I’ll be posting this email to the Coinbase blog a bit later today. If you still have questions or would like to discuss further, I encourage you to reach out to your manager, HRBP, or me directly.
While having team members leave is never easy, I think we will emerge as a more aligned company from this. From time to time we need to rearticulate and clarify our cultural norms as we continue scaling. I’m excited to be moving forward as #OneCoinbase to pursue our vision of economic freedom for every person and business.
Thank you,
Brian
by this happening and addressing we as a user or client of this company will expect more evolve and improvement in there service and updates of there platform since they give already a clear statement where there company path going to be through.
Source:
blog.coinbase.com
BAL & REN price rise after the listing in Coinbase
Balancer (BAL) and Ren (REN) is available now in coinbase
Coinbase a San Francisco based exchange for crypto currencies listed another two(2) crypto currency coin.-Balancer (BAL) and Ren (REN) was officially listed in Coinbase this day.
Starting today, Coinbase supports Balancer (BAL) and Ren (REN) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store BAL and REN. BAL is available in all Coinbase-supported regions, with the exception of New York State. REN is available in all Coinbase-supported regions, with the exception of New York State and the UK.
**Balancer (BAL)**
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
**Ren (REN)**
Ren (REN) is an Ethereum token that powers Ren’s open protocol for transferring cryptocurrencies between blockchains. Ren aims to bring popular assets like Bitcoin and Zcash to blockchains including Ethereum, making it possible for these assets to participate in Ethereum’s decentralized finance ecosystem.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a **process for listing assets**, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see BAL **here** and REN **here**), as well as a **new section of the Coinbase website** to answer common questions about crypto. https://blog.coinbase.com/new-asset-listing-process-a83ef296a0f3 https://www.coinbase.com/price/balancer https://www.coinbase.com/price/ren https://www.coinbase.com/learn
After listing of this two coins in there platform this past few hour there prices is on rise. and some article prediction was publish one of this article is written by John Isige which is about REN
Ren Price Prediction: REN Resumes The Uptrend Despite Bloodbath In Crypto Market
***John Isige*** https://coingape.com/author/john/
REN/USD is holding above the 50 SMA initial support following a breakout above a descending parallel channel.
Ren leads DeFi projects in recovery, aiming for $0.30.
Decentralized finance (DeFi) tokens such as Ren, retreated massively in September as discussed in the Ethereum price forecast. The sector offered alternative and diversified investment options to Bitcoin and other major digital assets. The tremendous support saw tokens rally by over 100% with some selected assets like Yearn.finance hitting all-time highs of $44,000. https://coingape.com/ethereum-price-forecast-eth-on-the-cusp-of-breakdown-to-300/ https://coingape.com/yearn-finances-yfi-token-loses-ground-after-slashing-over-55-since-ath/
Ren also experienced massive growth from March 2020, hitting all-time highs of $0.6 on September 1. Unfortunately, its woes started, leading to losses towards $0.1. Support established at $0.16 allowed the bulls to regain control over the price. However, attempts to go back to the yearly highs have been thwarted by the bearish wave cruising mainly in the DeFi ecosystem.
At the time of writing, Ren is doddering at $0.26 after rallying over 10% in the last 24 hours. The token is among the most-improved digital assets in the market. The 4-hour chart illustrates a breakout from a descending parallel channel. The price is also holding above the 50 Simple Moving Average (SMA).
REN/USD price chart by **Tradingview** https://www.tradingview.com/symbols/RENUSD/
The Relative Strength Index (RSI) emphasizes the growing bullish grip following a vivid recovery from levels near the oversold. As the RSI grinds closer to the overbought, the buy orders are bound to increase, creating more volume that will support the uptrend in the near term.
Resistance is anticipated at $0.28 and $0.30, respectively. Once these two hurdles are flipped into support levels, the journey back to the all-time high will gain traction. On the downside, support at the 50 SMA is key to the uptrend. Other key levels to keep in mind include the 100 SMA, $0.24, and $0.22.
Ren Intraday Levels
Spot rate: $0.26
Percentage change: 0.38%
Relative change: 0.26
Trend: Bullish
Volatility: Growing
Balance Coins (BAL) record a 0.14% rise in price after the listing in coinbase platform.
BAL rose 0.14% following the Coinbase listing, from $13.54 to $13.96, **per data metrics site CoinMarketCap**. Its overall daily trading volume increased by $5 million, from $58 billion to $63 billion. But in the past 24 hours, however, BAL’s price dropped by 8%, from $15. And today’s price is almost a third of its all-time-high price of $37.86, which traders reached on August 30. https://coinmarketcap.com/currencies/ren/
On the other hand Ren coin (REN) is rose 9% in price after the listing.
**Ren**, which trades as REN on exchanges, **rose 9% following the listing**, from $0.21 to $0.23. Trading volumes also rose from $83 billion to $101 billion. But its price also fell today overall, also by 8%. https://help.coinbase.com/en/pro/trading-and-funding/cryptocurrency-trading-pairs/ren https://coinmarketcap.com/currencies/ren/
Resource:
blog.coinbase.com https://blog.coinbase.com/balancer-bal-and-ren-ren-are-now-available-on-coinbase-b498b8e9568f
CoinGape https://coingape.com/ren-price-prediction-ren-resumes-the-uptrend-despite-bloodbath-in-crypto-market/
tradingview.com https://www.tradingview.com/symbols/RENUSD/?exchange=GEMINI
EOS is now supported by Google Cloud
Google Cloud Has partnered with block.one and will become a block producer in EOS network.
block.one, a software firm specializing in high performance blockchain technologies announced yesterday October 6 2020 on there press released that R.Martin Chavez will join there ranks, to join the chair the company's advisory board after spending of his nearly 20 years working with Goldman Sachs as veterans. https://block.one/ https://block.one/news/martin-chavez-appointed-chair-advisory-board/
Mr Chavez's appointment follows the recent announcement that Google is joining the EOS public blockchain as a block producer candidate. https://eos.io/eos-public-blockchain/
Block.one is excited yesterday to release there report on there press release that Google cloud, the global hyperspace cloud and infrastructure provider will join there EOS community and is taking steps to become an EOS Network block producer. https://cloud.google.com/
**October 6, 2020 –** Block.one is excited to report that Google Cloud, a global hyperscale cloud and infrastructure provider, will join the EOS community and is taking steps to become an EOS network **block producer**. The EOS network is built on the **EOSIO blockchain** protocol published by Block.one. https://eos.io/faq/what-are-block-producers/ https://eos.io/why-eosio/
Block producers are a core component of the EOS network; attracting a block producer candidate of Google Cloud’s caliber marks a milestone for the network. As one of the world’s leaders in technological innovation, Google Cloud’s planned participation underscores the importance of blockchain to the future of business, government and society. **Google Cloud** will leverage the EOS network’s world-class performance and vibrant open-source community as it works to become a block producer. https://cloud.google.com/
“We’re starting the process of becoming a block producer candidate,” said Allen Day, Developer Advocate, Google Cloud. “As organizations begin to incorporate distributed ledger technology into their infrastructures, we are committed to ensuring that the information on public blockchains are securely stored, reliably available, and can be accessed in meaningful ways.”
Google Cloud will leverage its best-in-class infrastructure, which enables stability, reliability, security, and extensive global network coverage architecture—a great fit for public blockchain networks such as EOS.
“Google Cloud will continue to provide its highly provisioned, **low-latency** infrastructure to Block.one,” said Dan Larimer, CTO at Block.one. “Through secure oracles, inter-chain transaction reporting, key management, and high-integrity full-node validation, Google Cloud’s confidential computing infrastructure will enhance the security, scalability, and decentralization of blockchain technology.” https://developers.eos.io/welcome/latest/Manuals/core
“With the majority of global public blockchain activity, EOS is a powerful solution for anyone looking to leverage the decentralized ecosystem with ease,” said Brendan Blumer, CEO of Block.one. “The Google Cloud team understands the thriving EOS community and the highly performant EOSIO technology on which it builds create the best entry point into the blockchain industry. We welcome Google Cloud to the EOS community and are excited for their contributions to the EOS network.”
As a block producer candidate, Google Cloud will need to be selected by token holders to secure a position within the block producer ranks on the EOS network. Google Cloud will publish a microsite that will highlight their participation in EOS’s network operation as an elected block producer.
Google Cloud explained to the public the reason of this joining in there page- due to the fact that as the open source EOS Community and other blockchain ecosystem participants continue to grow. Google cloud would like to welcome and enable other developer to build on the Google cloud platform also they explain the reason they taking steps to become an EOS Block producer. Google cloud wants to help organization achieve success with distributed ledger technology. Google cloud claim to do this by providing there expertise in : https://dlt.withgoogle.com/eos/faq
security
data analytics
global infrastructure
network operations
Google cloud official statement on there page: https://dlt.withgoogle.com/eos/
Google Cloud has partnered with Block.one and will become a block producer candidate to provide infrastructure in support of the EOS network, which is built on the EOSIO blockchain protocol published by Block.one. Google Cloud's highly provisioned, low-latency global fiber optic network provides stability, reliability, security, and extensive global infrastructure coverage for Block.one’s public blockchain efforts and development.
Block producers are a core component of the EOS network. Through this partnership, Google Cloud will work with Block.one to enable new ways for its open-source community of developers to engage and build applications utilizing both the power of the EOSIO protocol and Google's unparalleled developer experience in the Cloud
Source:
block.one https://block.one/news/welcome-google-cloud-to-eos-community/
Google.cloud https://dlt.withgoogle.com/eos/
@Agilaxxx
