FanChainFanChain FAN STO news

FanChain was developed for use in SportsCastr where platform and other related sports platforms or fans create value.
Status
Upcoming
Raised
Soft cap
5,000,000 USD
Hard cap
50,000,000 USD

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World’s Largest Sports Fan Network Adopts FanChain as its Official Cryptocurrency

SportsCastr, the blockchain project behind the FanChain altcoin has signed a three-year partnership deal with FanWide; a project focused on helping sports lovers find local game watch parties and events. With this arrangement, FanWide will now use the FanChain altcoin to reward users. The tokens will be redeemable for game tickets, merchandise, and other exciting stuff on the FanWide ecosystem. The CEO of SportsCastr, Kevin April noted that: “As the first third-party platform to support FanChain, Fanwide is a powerful Launchpad to expand outside of SportsCastr. This partnership will introduce FanChain to the world’s most passionate fan and provide a pathway for FanChain to be accepted at the more than 10,000 sports bars and venues in FanWide’s database.” The FanWide Advantage FanWide is a platform whose primary objective is to connect fans from across the globe via meetups organized by local fan clubs. Founded in late 2016, FanWide has successfully connected fans across the globe via more than 750,000 watch parties organized by it. The platform has also created more than 1,250 professional collegiates, and international teams. FanWide President and Founder, Symon Perriman noted that: “FanWide is excited to join the FanChain ecosystem and reward our users with FANZ tokens whenever they attend a game watch party for their favorite team. As the world’s largest fan club network, we have been looking for a solution like FanChain to help us to continue to engage our fans, wherever they live or travel to.” The entirely decentralized nature of FanChain makes it possible for the altcoin to be integrated into a vast array of platforms including social networks, sports teams, fantasy sports platforms and more. The token can be stamped with various metadata associating it with sports team, leagues or events. This excellent feature makes it easy for SportsCastr, FanWide, and other platforms to seamlessly integrate FanChain into their operations and use it to reward loyal fans. SportsCastr is doing its best to become a formidable force in the blockchain technology world. The platform has formed strategic partnerships with various organizations like the NFL Players Association (NFLPA), the WNBA Players Association and others. About SportsCastr SportCastr is a blockchain-powered OTT platform for the sports industry. The platform makes it possible for viewers to personalize their favorite games, go live and create their own commentary. SportsCastr gives users the opportunity to use FanChain to reward broadcasters, subscribe for their favorite events and more. FanChain is the native altcoin of SportsCastr. FanChain tokens (FANZ) facilitates payments, rewards and more. For more, visit https://fanchain.com/ Twitter: https://twitter.com/sportscastrlive Team: https://www.linkedin.com/company/sportscastr/ Email: molly@transform.pr   The post World’s Largest Sports Fan Network Adopts FanChain as its Official Cryptocurrency appeared first on ZyCrypto.
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FanChain Becomes Official Cryptocurrency of FanWide, the World’s Largest Fan Club Network

SportsCastr, the company behind the decentralized sports ecosystem and cryptocurrency FanChain, today announced a three-year exclusive partnership with FanWide, the digital platform that helps out-of-market sports fans find local game watch parties and events. Through this agreement, FanWide will integrate SportsCastr’s FanChain token (FANZ) to provide cryptocurrency rewards to users, which can be redeemed for perks like merchandise, game tickets, and experiences within the FanWide platform. FanWide will also integrate functionality into its platform to incentivize its users to “go live” on SportsCastr from the hundreds of thousands of watch parties listed through its service. SportsCastr CEO Kevin April said “As the first third-party platform to support FanChain, FanWide is a powerful launchpad to expand outside of SportsCastr. This partnership will introduce FanChain to the world’s most passionate fans, and provide a pathway for FanChain to be accepted at the more than 10,000 sports bars and venues in FanWide’s database.” FanWide Platform FanWide is a free website and app that connects sports fans from every team in any city through in-person meetups organized by local fan clubs, while also managing the world’s largest database of those clubs. Since launching in September 2016, FanWide has helped fans across the country connect by organizing and promoting more than 750,000 local watch parties via its platform. In addition to promoting existing in-person game watch parties, FanWide also develops new communities for over 1,250 professional, collegiate, and international teams. FanWide President and Founder Symon Perriman commented, “FanWide is excited to join the FanChain ecosystem and reward our users with FANZ tokens whenever they attend a game watch party for their favorite team,” said FanWide President and Founder Symon Perriman. As the world’s largest fan club network, we have been looking for a solution like FanChain to help us to continue to engage our fans, wherever they live or travel.” Cliff Avril, Former NFL Star, and FanWide Advisor said, “FanWide’s support of FanChain will allow our users to be rewarded for supporting their favorite teams and local businesses, through actions like ‘checking in’ to game watch parties. Looking forward, we can see many uses for FanChain on our platform, including in-person and online commerce, and the ability for fans to donate their tokens to a charity or cause, such as the Cliff Avril Family Foundation or their alumni associations.” FanChain’s decentralized infrastructure allows its technology to be integrated with platforms like FanWide, fantasy sports providers, social networks, sports teams, leagues, and venues. Built specifically for the global sports market, the FanChain token has the ability to be “stamped” with metadata that associates it with teams, leagues or sporting events. This allows SportsCastr, FanWide and future members of the FanChain ecosystem to reward fans for creating value for their favorite teams and enables brands and organizations to target and reward their most passionate fans. SportsCastr has also recently entered into agreements with the NFL Players Association (NFLPA), the WNBA Players Association (WNBPA) and Friday Night Fights (FNF) around broadcasting and other fan engagement initiatives. SportsCastr is backed by NBA Commissioner Emeritus David Stern, NFL Tight End Vernon Davis, Syracuse Men’s Basketball Coach Jim Boeheim, NBA All-Star Steve Smith and more. This summer, the NFL Players Association (NFLPA) announced that it had acquired a minority ownership stake in the company. About SportsCastr SportsCastr is a social OTT platform for sports that allows viewers to personalize who calls the game for them and allows viewers to “go live” and share their own commentary. SportsCastr will allow members to use FanChain to tip broadcasters, unlock pay-per-view events, purchase subscriptions and more.  The company is backed by some of the biggest names in sports including the the NFL Players Association (NFLPA), NBA Commissioner Emeritus David Stern and Super Bowl Champion Vernon Davis. About FanChain FanChain, developed by SportsCastr, is a token and decentralized ecosystem built specifically for the global sports market. The FanChain ecosystem includes a payment gateway, exchange platform, rewards portal, wallet and a DApp that allows third-party companies to be whitelisted to distribute and reward fans and users with FanChain tokens (“FANZ”). About FanWide FanWide is a free website and app that helps sports fans find the closest fan club or game watch party for any team in any city while rewarding the fans for engaging with each other and sponsors. FanWide manages the world’s largest database of sports fan clubs and provides services for fan clubs and alumni associations, pro and college teams, corporate sponsors, athletes and influencers, and TV broadcasters. The post FanChain Becomes Official Cryptocurrency of FanWide, the World’s Largest Fan Club Network appeared first on CoinSpeaker.
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SportsCastr FanChain Bags Exclusive Deal With FanWide as Its Official Cryptocurrency

FanChain Bags Exclusive Deal With FanWide as Its Official Cryptocurrency Masterminds of FanChain, the decentralized sports ecosystem and cryptocurrency, SportsCastr, has announced that it has bagged a a three-year exclusive partnership with FanWide, the digital platform that helps out-of-market sports fans find local game watch parties and events. Terms of the partnership will see FanWide take on SportsCastr’s FanChain token (FANZ) to provide cryptocurrency rewards to users, which can be redeemed for perks like merchandise, game tickets, and experiences within the FanWide platform. FanWide is set to also reward its users to “go live” on SportsCastr from the hundreds of thousands of watch parties listed through its service. SportsCastr CEO Kevin April said as the first third-party platform to support FanChain, FanWide is a powerful launchpad to expand outside of SportsCastr. This partnership will introduce FanChain to the world’s most passionate fans, and provide a pathway for FanChain to be accepted at the more than 10,000 sports bars and venues in FanWide’s database. On their part FanWide said it is excited to join the FanChain ecosystem and reward its users with FANZ tokens whenever they attend a game watch party for their favorite team, said FanWide President and Founder Symon Perriman. “As the world’s largest fan club network, we have been looking for a solution like FanChain to help us to continue to engage our fans, wherever they live or travel.” FanWide is a free website and app that connects sports fans from every team in any city through in-person meetups organized by local fan clubs, while also managing the world’s largest database of those clubs. Since launching in September 2016, FanWide has helped fans across the country connect by organizing and promoting more than 750,000 local watch parties via its platform. In addition to promoting existing in-person game watch parties, FanWide also develops new communities for over 1,250 professional, collegiate, and international teams. “FanWide’s support of FanChain will allow our users to be rewarded for supporting their favorite teams and local businesses, through actions like ‘checking in’ to game watch parties. Looking forward, we can see many uses for FanChain on our platform, including in-person and online commerce, and the ability for fans to donate their tokens to a charity or cause, such as the Cliff Avril Family Foundation or their alumni associations.” said Cliff Avril, Former NFL Star and FanWide Advisor.
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Sports Fan Club Network FanWide Chooses FanChain as Official Crypto

On Ocotober 9, 2018, SportsCastr announced that its crypto-based sports platform FanChain had been chosen by FanWide as its exclusive cryptocurrency partner for three years. FanWide is the largest online sports club network in the world, and will be using FanChain’s FANZ token for its rewards program. Also read: GMO Internet to Release Yen-Pegged Stablecoin in 2019 Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts FanWide to Use FanChain Crypto for User Rewards As part of this three-year, exclusive partnership between the two companies, FanWide will use the FANZ cryptocurrency to fuel its rewards system. In this system, FanWide users can earn FANZ by completing platform-specific tasks — such as checking in to local watch parties. Then, users can redeem their tokens for thinks like merchandise, game tickets, or “experiences within the FanWide platform,” according to SportsCastr. “As the first third-party platform to support FanChain, FanWide is a powerful launchpad to expand outside of SportsCastr,” SportsCastr CEO Kevin April told press on October 9. “As the world’s largest fan club network, we have been looking for a solution like FanChain to help us to continue to engage our fans,” added FanWide president and founder Symon Perriman. FanWide is accessible via website and a free mobile app. The platform connects sports fans of every professional US team in any city by increasing awareness of in-person meetups organized by local fanclubs. Additionally, according to SportsCastr, FanWide maintains the world’s largest database of local sports clubs. Building Fan Communities Across the World Since its launch in September 2016, FanWide has helped organize and promote over 750,000 local meetups and watch parties across the United States. The platform has also began developing new communities for college and international teams. FanChain has worked since launch to build a community of its own. Recently, the blockchain platform has inked agreements with the NFL Players Association, WNBA Players association, and Friday Night Fights. The platform’s goal with these new agreements is to build and promote activities for sports fans across the US. FanChain also has the support of multiple representatives from the US professional sports industry, receiving endorsements and backing from retired NBA commissioner David Stern, NFL tight end Vernon Davis, Syracuse Men’s Basketball coach Jim Boeheim, and NBA All-Star Steve Smith. In the coming months and into next year, FanChain plans to meet multiple milestones on its development roadmap, which can be found on the platform’s official website. Some of these milestones include a web-based wallet launch, exchange listings for FANZ, and the launch of the “FanExchange”. More details can be found on the platform’s website. Images via Pixabay, FanChain, FanWide The post Sports Fan Club Network FanWide Chooses FanChain as Official Crypto appeared first on Bitsonline.
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SportsCastr Becomes Official Cryptocurrency of FanWide Rewards Platform

 SportsCastr, the company behind a decentralized sports ecosystem and cryptocurrency FanChain, today announced a three-year exclusive partnership with FanWide, the digital platform that helps out-of-market sports fans find local game watch parties and events. Through this agreement, FanWide will integrate SportsCastr’s FanChain token (FANZ) to provide cryptocurrency rewards to users, which can be redeemed for perks like merchandise, game tickets, and experiences within the FanWide platform. FanWide will also integrate functionality into its platform to incentivize its users to “go live” on SportsCastr from the hundreds of thousands of watch parties listed through its service. “As the first third-party platform to support FanChain, FanWide is a powerful launchpad to expand outside of SportsCastr,” said SportsCastr CEO Kevin April. “This partnership will introduce FanChain to the world’s most passionate fans, and provide a pathway for FanChain to be accepted at the more than 10,000 sports bars and venues in FanWide’s database.” FanWide is a free website and app that connects sports fans from every team in any city through in-person meetups organized by local fan clubs, while also managing the world’s largest database of those clubs. Since launching in September 2016, FanWide has helped fans across the country connect by organizing and promoting more than 750,000 local watch parties via its platform. In addition to promoting existing in-person game watch parties, FanWide also develops new communities for over 1,250 professional, collegiate, and international teams. “FanWide is excited to join the FanChain ecosystem and reward our users with FANZ tokens whenever they attend a game watch party for their favorite team,” said FanWide President and Founder Symon Perriman. “As the world’s largest fan club network, we have been looking for a solution like FanChain to help us to continue to engage our fans, wherever they live or travel.” “FanWide’s support of FanChain will allow our users to be rewarded for supporting their favorite teams and local businesses, through actions like ‘checking in’ to game watch parties,” said Cliff Avril, Former NFL Star and FanWide Advisor. “Looking forward, we can see many uses for FanChain on our platform, including in-person and online commerce, and the ability for fans to donate their tokens to a charity or cause, such as the Cliff Avril Family Foundation or their alumni associations.” Built specifically for the global sports market, the FanChain token has the ability to be “stamped” with metadata that associates it with teams, leagues or sporting events. This allows SportsCastr, FanWide and future members of the FanChain ecosystem to reward fans for creating value for their favorite teams, and enables brands and organizations to target and reward their most passionate fans. SportsCastr has also recently entered into agreements with the NFL Players Association (NFLPA), the WNBA Players Association (WNBPA) and Friday Night Fights (FNF) around broadcasting and other fan engagement initiatives. SportsCastr is backed by NBA Commissioner Emeritus David Stern, NFL Tight End Vernon Davis, Syracuse Men’s Basketball Coach Jim Boeheim, NBA All-Star Steve Smith and more. This summer, the NFL Players Association (NFLPA) announced that it had acquired a minority ownership stake in the company.   The post SportsCastr Becomes Official Cryptocurrency of FanWide Rewards Platform appeared first on BlockTribune.
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FanChain Becomes Official Cryptocurrency of FanWide, the World's Largest Fan Club Network

NEW YORK CITY, Oct. 09, 2018 (GLOBE NEWSWIRE) -- SportsCastr, the company behind the decentralized sports ecosystem and cryptocurrency FanChain, today announced a three-year exclusive partnership with FanWide, the digital platform that helps out-of-market sports fans find local game watch parties and events. Through this agreement, FanWide will integrate SportsCastr's FanChain token (FANZ) to provide cryptocurrency rewards to users, which can be redeemed for perks like merchandise, game tickets, and experiences within the FanWide platform. FanWide will also integrate functionality into its platform to incentivize its users to "go live" on SportsCastr from the hundreds of thousands of watch parties listed through its service. "As the first third-party platform to support FanChain, FanWide is a powerful launchpad to expand outside of SportsCastr," said SportsCastr CEO Kevin April. "This partnership will introduce FanChain to the world's most passionate fans, and provide a pathway for FanChain to be accepted at the more than 10,000 sports bars and venues in FanWide's database." FanWide is a free website and app that connects sports fans from every team in any city through in-person meetups organized by local fan clubs, while also managing the world's largest database of those clubs. Since launching in September 2016, FanWide has helped fans across the country connect by organizing and promoting more than 750,000 local watch parties via its platform. In addition to promoting existing ...Full story available on Benzinga.com
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WNBA Players Association to Partner with SportsCastr Basketball Streaming ICO

The Women’s National Basketball Players Association (WNBPA) decided to sign an agreement with the live streaming ICO platform SportsCastr. This partnership comes just a month after the ICO closed a cooperation agreement with the NFL. WNBA Signs Partnership With SportsCastr With the latest agreement, SportsCastr will be showing premium content about the most important women’s professional basketball players in the world. This will be possible thanks to SportsCastr’s FanChain token. Just in August, the company was able to sign a similar deal with the NFL. Fans of this prestigious league have now the ability to become color commentators and have exclusive access to content and player insights. WNBA players will be invited to use the platform so as to give fans comments about different sports and more. Furthermore, SportsCastr will also be providing a dedicated portal for the WNBPA. In this way, individuals that want to have access to the content will be able to do it from this site. WNBPA Director of Operation, Terri Jackson, commented on the partnership: “Fans crave authentic interaction, and through the SportsCastr live-streaming platform, our players have another exciting way to engage fans in real-time. This innovative technology also fis our objective to build unique group licensing opportunities through REP Worldwide that bring fans and players closer.” Back in June, the FanChain token received support from a former NBA commissioner known as David Stern. The virtual currency allows individuals that watch some events, to select which sports commentary they choose to listen. Additionally, they are able to provide their own comments on the game. Users on the platform receive rewards according to their popularity using FanChain tokens. The tokens allow users to unlock exclusive content, purchase tickets for future sport events or send virtual gifts to other network participants. This deal is very important for the WNBPA and for SportsCastr, which aims to become an important player in the sports industry. WNBA players will start using the platform during the third quarter of 2018. The SportsCastr WNBPA portal will also be launching during the last quarter of the current year. The platform aims to offer fans and athletes a voice. With the latests partnerships with the WNBPA nad NFL, important athletes and players will have a direct contact with their fans all over the world.
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The Daily: NFL Players to Earn Crypto, McDonald’s Unveils Maccoin, Bill Clinton at Swell

In today’s edition of Bitcoin in Brief we cover the stories about how NFL players can start to earn some extra cryptocurrency, McDonald’s latest publicity stunt called Maccoin, former US president Bill Clinton to speak at Swell by Ripple, and Binance’s acquisition of Trust Wallet. Also Read: Security Researchers Attack McAfee-Backed Wallet for “Unhackable” Claims NFL Players to Earn Crypto As we reported earlier this year, the athletes of the American National Football League (NFL) have been educating themselves about bitcoin investments for a while now. And now they have a new way to earn some cryptocurrency on the side. The NFL Players Association (NFLPA) has acquired a minority stake in the Sportscastr, a live-streaming platform. Through this partnership, players will provide live commentary on sports events and earn Fanchain, the native token of the platform. Fans can spend these tokens to unlock premium NFL player content (such as back-stage access), purchase sports tickets or merchandise, and send virtual gifts to NFL players. As part of this agreement, Sportscastr becomes an official licensee of the NFLPA in the categories of mobile apps and web-based platforms. It is the eighth active NFLPA partner secured through the One Team Collective, which is designed to give early stage companies the opportunity to leverage the NFLPA’s exclusive group player rights, in exchange for equity. McDonald’s Unveils Maccoin It seems that ad execs really know how to reach all the kids these days, just launch a coin. At least that is what seems to be their thinking. To celebrate the 50th anniversary of the Big Mac, McDonald’s has announced the Maccoin, a “limited edition global currency” backed by the Big Mac. If this type of bitcoin-mimicking publicity stunt sounds familiar, you must be thinking about Bacoin, which Oscar Mayer launched just a few months ago as the “first-ever cryptocurrency backed by bacon.” Beginning at lunch time on August 2, customers can receive a Maccoin with the purchase of a Big Mac at 14,000 participating restaurants across the US. Starting on August 3 through 2018, customers can redeem their Maccoin for a free Big Mac at participating McDonald’s restaurants in the US and in more than 50 participating countries. More than 6.2 million Maccoins will be distributed globally in over 50 countries while supplies last. Bill Clinton to Speak at Swell Ripple, which holds a fortune in its own XRP token, knows how to spend its money wisely – celebrity appearances. First it brought the rapper Snoop Dogg to an event and now it signed up Bill Clinton to Swell. The company has announced that the 42nd President of the United States will be the keynote speaker at its 2018 conference in San Francisco. And for extra brownie points, Ripple also announced it partnered with Raising Malawi, the non-profit foundation of the singer Madonna, to raise funds for orphans across the southeast African country. Binance Acquires Trust Wallet The Binance exchange has announced it has completed the acquisition of Trust Wallet in an effort to provide a better service for its users. Trust is an open source mobile wallet app launched in November 2017 that supports over 20,000 different Ethereum-based tokens (ERC20, ERC223 and ERC721). The exchange explained that the acquisition will add an on-chain mobile wallet to its list of services with other future integration possibilities, and that the Trust Wallet team will retain the autonomy to develop the core product. “As a technology driven company, Binance’s acquisition of Trust Wallet shows the importance of secure wallet technology for the future development of cryptocurrency as a whole. As Binance’s first public acquisition, we hope to continue providing our users with improved security, services and support.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post The Daily: NFL Players to Earn Crypto, McDonald’s Unveils Maccoin, Bill Clinton at Swell appeared first on Bitcoin News.
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Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings

Every day, the crypto market is on the verge of entering darker territory, and as prices continue to plunge, many cryptocurrencies have become the victims of sudden sell-offs. An initial coin offering (ICO) called Substratum has even taken to day trading its present ether holdings to make up for potential losses. In a YouTube video, a figure named Justin from the Substratum network announces that the company is opening the doors to a token swap set to begin on Monday, December 17. The smart contracts for the company will begin then and batch transactions will start happening over the Ethereum network. Old Crypto Becomes New Crypto Prior to this date, executives will be moving any remaining Ethereum tokens in their crowdsale wallet over to a new wallet. If a person’s tokens are on Binance, the switch will be occurring natively through the exchange. Thus, customers will not need to worry. If a customer’s tokens are locked up in a wallet for an airdrop, they too will not need to take any steps. The move from the present wallet to the new wallet will occur on its own time. All older tokens will become frozen and unusable while the new tokens will be transferred into customers’ wallets. The company is also moving from two decimal places to 18 decimal places, which representatives claim will make transactions faster and more efficient. The smart contract has been fully audited by Quantstamp; furthermore, 120 million old tokens have been burned thus far. They will not be coming over through the transfer but will rather disappear into what Justin calls “the ether.” These tokens are set to disappear completely. The transfer will not be done within a set timeframe. The transfer is indefinite and will last until all customers’ wallets have received their new tokens. Predicting What the Future Holds Substratum now has a full-time trader on staff, who has suggested that Ethereum is going to be continually tested over the coming months. The bear market is not letting up and he has stated that Ethereum could fall to as low as $60. Executives are not necessarily looking to cash out. Instead, they will be trading only a portion of the Ethereum they possess, which they claim will give them the chance to “trade up” and potentially earn a little revenue before the crypto market falls any further. Once the market becomes bullish again, Justin claims in the video that Substratum will be in a better place and will be able to create newer (and better) products. Do you foresee the market getting even worse before it gets better? Post your comments below. Image courtesy of Shuttershock The post Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings appeared first on Live Bitcoin News.
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States Take Cryptocurrency Regulation Into Their Own Hands As US Federal Government Focuses On Blockchain

States Take Regulation Of Cryptocurrency In Their Own Hands, As US Federal Government Focuses On Blockchain Technology The regulation of cryptocurrency has been an ongoing problem for the United States (US). They have managed to outline particular processes involved with blockchain technology and have many trials that examine the way that it works in their industries. However, the fact that even government authorities have different classifications for the same token groups makes it hard to know how to handle them. As a result of the confusion, any states are working to become the friendliest places for cryptocurrency. Ohio even made an announcement recently that they would allow their residents to cover taxes with the use of crypto payments. In the meantime, the authorities are still in a state of confusion with defining and regulating the assets that clearly are in demand for residents. The ones making the most noise about the lack of organization of the federal policies aren’t stakeholders or even enthusiasts; these concerns also involve academics. Carol Goforth, a professor at the University of Arkansas, recently noted that there are presently four different regulators within the federal government that oversee how digital assets are dealt with, from their categorization to their issuance, and further. These four entities are the: Commodity Futures Trading Commission (CFTC) Securities and Exchange Commission (SEC) Financial Crimes Enforcement Network (FinCEN) Internal Revenue Service (IRS) The CFTC sees crypto assets as commodities, though the IRS shares a similar view in calling them property. The FinCen, which is run by the Treasury Department, regulates them with the same rules as fiat currency, but the SEC sees them much differently as securities. Professor Goforth expressed her skepticism that the regulatory entities would work together anytime soon, leading her to encourage the coordination between them for a more nuanced approach. As she puts it, her version of the rules would force the federal government to deal with each cryptocurrency as it is introduced, specifically identifying them by their functionality and the motivations of users. This is a path that at least one instance shows is happening within the federal regulators. The CFTC publicly requested details on the functionality of Ether and the Ethereum Network on December 11th. The document has 25 different questions that deal with the platforms purpose, functionality, scalability, and more. However, the effort to address a single asset by the CFTC isn’t necessarily a sign that the industry is turning towards the idea that the professor had in mind. None of the other regulators have taking this move and are holding on to the regulatory measures that they already have in line. Still, there’s always a chance that congressional legislators will make some changes in their framework. Darren Soto and Ted Budd, who are both US Representatives, brought in two bills on December 6th that will help with the improvement of regulatory framework and reduce the risk of price manipulation. These bills are called the Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018, respectively. These two bills offer specific regulatory changes that could be made for the process to be smoother for exchanges, users, and everyone else involved. The first bill discusses that many situations that can arise in the market for price manipulation. The other requests an in-depth study that aims to improve the “burdensome regulations that may inhibit innovation.” Warren Davidson, the representative of Ohio, spoke at a conference in Cleveland where he noted his intent to bring in a new bill that would create a new asset class for tokens. As such, the regulation of initial coin offerings (ICOs) would become significantly less difficult. A week later, Davidson suggested a crowdfunding event to help with the creation of the US-Mexico border wall, which would include the use of blockchain and “wall coins.” Even though there appears to be a significant lack of clear regulations regarding cryptocurrency, blockchain technology is already being applied to daily operations. The use of this ledger with supply chain logistics is easily its biggest application, and federal authorities are looking to use it for food safety as well, especially considering the recent E. coli outbreak. The Department of Homeland Security announced their intention to use the technology as a way to protect their own activities. Their three subsidiaries are working together for a clear record of documentation that will help with fraud, counterfeiting, and forgery. The defense authorities for the federal government recently established an app that would help the members of the armed forced to learn how to use blockchain technology for the supply chain as well.
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Bitcoin Supporter Says Crypto is Unconfiscatable as Long as It’s Not in Regulated Exchanges

Bitcoin has many different features, but one of the most important is the fact that users are the real owners of their funds as long as they keep their private keys. However, when users have their funds stored in exchanges, Bitcoin can be confiscated. During a Q&A session during a Tampa Meetup, he said that Bitcoin being non confiscatable applies to exchanges that are not regulated. In general, centralized virtual currency exchanges are not a safe place where to store funds. The company behind the exchange is able to manage the funds as it considers, block some accounts and even experience security issues. If Bitcoin wants to remain non confiscatable, the best what a person can do is to store them in cold storage wallets. No one is able to move the funds from there unless they have the private keys. At the same time, he said that Bitcoin does not have just a single price because there are different markets listing it. He compared the price of Bitcoin (BTC) with Apple stock explaining that Apple’s stock price is determined by supply and demand in just one place. He has also talked about Bitcoin ETF and the fact that to have a stable price of Bitcoin everything needs to sit in one place. He went on saying that having all the BTC in one place is a risk even when it creates a more stable market. For example, he emphasized the fact that if all the BTC are located in just one exchange, hackers might focus only on it. Furthermore, the US government would also have the possibility to confiscate the BTC that users own or trade them. There are several crypto platforms that are regulated, including exchanges such as Coinbase or Gemini. Governments would be able to confiscate the funds that users have on these exchanges, thus deleting one of Bitcoin’s main characteristics. Moreover, he said that Bitcoin being under the control of governments is not positive for the space. A lot of people would completely lose the faith in the popular virtual currency. This is exactly what Satoshi Nakamoto was trying to avoid when it created Bitcoin.
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Hong Kong Businessmen Targeted by Bitcoin Bomb Threats After Recent USA and Canada Attempts

There have been many different ways to steal funds from individuals in the cryptocurrency market. However, a new methodology has been applied in Hong Kong and other countries such as the United States. According to a recent report released by the South China Morning Post, businessmen in Hong Kong are being targeted by criminals that want to steal Bitcoin from them. These scammers try to steal Bitcoins from victims by threatening them that they will receive a bomb if they don’t send Bitcoins in the time span the scammers provide. One of the affected individuals is Michael Gazeley, the CEO of Network Box. He received a message in his business email with this Bitcoin bomb threat. Furthermore, he said that he had to pay $20,000 if he wanted to avoid receiving a bomb in his office. Gazeley said to the news outlet: “This looks like the third wave of blackmail emails plaguing the world in the past few years… I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.” Nevertheless, he was 99.99% sure that the message was not worth. Indeed, he mentioned that the email had some typo mistakes and the grammar used was not exactly good. That shows that the main intention is to take a few bucks from some individuals rather than really bombing an office. Hong Kong authorities did not provide further information about this issue, thus it is not possible to know the exact number of companies affected by these threats. This is not the first time that there are Bitcoin bomb threats around the world. A few days ago, as reported by NBC New York. Hoax bomb threats spread asking users to pay in Bitcoin. The New York Police Department (NYPD) informed on Twitter that there was an email circulating that contained a threat asking for a Bitcoin payment. However, they say that they did not find any devices in some of the places where the threat arrived. Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found. pic.twitter.com/7omOs13Z7Q — NYPD NEWS (@NYPDnews) December 13, 2018 The NYPD went on explaining that the threats are meant to cause disruption and/or obtain money in a fast way. Although the police will be responding to the calls made by the community, they believe that the threats are likely ‘not credible.’ This is not the first time that there are scammers trying to steal Bitcoin and other virtual currencies from users. Earlier this year, scammers on Twitter were asking for Bitcoin and ETH deposits using fake accounts that stole famous people’s identities.
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