Decred, which stands for Decentralized Credit, operates under a governance model that uses the votes of Decred (DCR) holders… The post Decred’s New Proposal System, Politeia, Puts US$23M in the Hands of Decred Stakeholders appeared first on Invest In Blockchain.
Source: Decred’s New Proposal System, Politeia, Puts USM in the Hands of Decred Stakeholders

Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also read: $50 Million Bitcoin Mining Farm Opens in Armenia Undercover Journalists Uncover ‘the Biggest Tax Swindle in the History of Europe.’ The undercover probe by 37 journalists from 12 countries shows that about a dozen European countries are affected by the tax scandal, but Belgium, Denmark and Germany were hardest hit. France, Italy, the Netherlands, Norway, Spain, Sweden and Switzerland have also seen some damage. Dubbed the Cumex Files, the investigation reviewed 180,000 secret documents from banks, stock traders and law firms over a period of more than a year. Interviews with anonymous sources and whistleblowers provided extra detail. “They [the secret documents] demonstrated the extent to which banks and investors could reimburse taxes on stock deals that they did not have,” the Files said. “These windy financial constructs are called cum-cum (cum means ‘dividend’). A domestic bank helps a foreign investor to get a tax refund that they are not entitled to. The profit is shared between the participants.” A variant of the scheme, called ‘cum-ex’ (without dividend), would see traders refunded twice or, in severe cases, several times, by the state for taxes buyers or sellers of stock would have paid only once. Share ownership is often…
Source: World’s Biggest Banks Helped Clients Steal Billion in Taxes in Europe

At press time, the price of bitcoin remains virtually unchanged since our previous coverage and is still hovering within the $6,400 range. Apparently, $6,400 has become the new $6,500, or the spot where bitcoin feels the most comfortable. The currency spent several days, if not weeks, traversing the $6,500 boards, but following a $300 drop late last week, bitcoin has only managed to recover $200 of those “lost funds.” It’s unsettling, but at least the coin isn’t falling any further. BTC is, for the most part, trading on a flat range, though it is experiencing low volatility. The downside is that volume is low as well, and it’s rare to see both volatility and volume down at the same time. Granted bitcoin can break out of its current falling wedge, we may witness a sudden bull rally. One piece of good news centering around bitcoin is the fact that bitcoin futures trading seems to have grown significantly from the first quarter to the third. CME Group Inc., which began permitting the trading of bitcoin futures contracts in December 2017, announced on Twitter: “In Q3, bitcoin futures average daily volume rose 41 percent, and open interest was up 19 percent over Q2.” Just two months ago, volumes on the futures markets were stuck in oblivion for three consecutive trading seasons. Roughly 2,500 BTC transactions – possibly even less – were reported. This is more than three times less than where it had been just a few weeks ago. During early August,…
Source: Bitcoin Price Watch: Currency Remains Still, Futures Trading Is Up

Arbitrage is a rather common occurrence in the cryptocurrency industry these days. With hundreds of trading platforms to choose from, it’s not uncommon for price discrepancies to occur now and then. Below are six examples of coins and exchanges to keep an eye on today, as it seems new opportunities might show up later today. #6 Lisk (Poloniex / YoBit) The Lisk currency has always been a rather interesting one. It tends to see significant price fluctuations with little trading volume, which also creates arbitrage opportunities down the line. Today, it seems trading LSK between Poloniex and YoBit can allow for some arbitrage opportunities. One has to keep in mind YoBIt doe snot have a lot of trading volume, thus trading millions worth of LSK back and forth will not happen. #5 Monero (Kraken / Bittrex / Poloniex) A lot of cryptocurrency enthusiasts tend to forget Monero can be actively traded on the Kraken exchange. Because of this slightly less liquid offering, its price seems to be lower compared to other exchanges. Buying XMR on Kraken today will – on a regular basis – be cheaper compared to using HitbTC, Bittrex, or Poloniex. As such, buying on Kraken and liquidating on any of those three exchanges can yield some arbitrage revenue. #4 Bitcoin Gold (Koineks / HitBTC) Even though very few people consider Bitcoin Gold a long-term project right now, money can be made by arbitrage in the BTG department. At this time, there is a relatively appealing gap between Koineks and HitBTC.…
Source: Today’s Arbitrage Opportunities: XLM, Dash, XEM, XMR, LISK, BG

On Friday, Oct. 19, the developers of Bitcoinfiles.com launched the first official version of the product. Now anyone from around the globe can tether a file (5kb or less) to the BCH chain, ensuring its resistance to censorship. Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty File Storage Tethered to the Bitcoin Cash Blockchain Bitcoin Cash (BCH) developers James Cramer, Attila Aros and ‘Hapticpilot’ have announced the launch of a working product called Bitcoinfiles.com, a platform that allows people to upload and download files tied to the BCH blockchain. Currently, the files allowed have to be small and the service only allows 5kb or less per upload. The programmers have added a $0.25 fee in order to process a BCH file upload. Downloading a file doesn’t cost anything and you can share the file’s URL with anyone you like. Uploading and Downloading Timothy May’s Timeless Manifesto Experimenting with Bitcoinfiles.com is fairly intuitive if you are able to operate a BCH wallet and are familiar with uploading files to hosting sites. Basically, users simply press the upload button and can browse their operating system for files under 5kb. In order to test the platform, news.Bitcoin.com copy and pasted the entire text from Timothy May’s Crypto Anarchist Manifesto text into a rich text file (rtf) which ended up being roughly 4kb in size. After pressing the upload button and choosing a file, the user has to accept a disclaimer which basically states that Bitcoinfiles.com is not responsible for illicit behavior. After…
Source: Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

There has been a fair bit of talk regarding Onecoin over the past few years. This notorious MLM scheme is widely considered to be a scam, even though its investors will gladly claim otherwise. To make things even more interesting, there is a Onecoin ICO taking place, even though this does not appear to be affiliated with OneCoin itself. ONECoin ICO Explained The Onecoin ICO page would automatically make people think the notorious MLM is back and is trying to defraud even more investors. Instead, it would appear this venture pertains to an initial coin offering selling the ONE currency, which is something else entirely. More specifically, the home page makes it clear ONE is not a typical cryptocurrency by any means. It is a centralized currency which will have a total supply of 120 billion ONEs. Moreover, the team wants to achieve global usage by expanding the ecosystem of products and services. The aspect and appeal of centralized cryptocurrencies always raises some initial concerns. In the case of Onecoin – the perceived scam – the currency is controlled by the company with no convenient way of spending their native currency through products or services outside of the OneLife network. It seems ONE will pursue a very similar business model, as there is no mining involved and the use of this currency will be limited to the native ecosystem as well. There is another very odd similarity between OneCoin and the ONE coin. A lot of the technical aspects of this…
Source: The Onecoin ICO Doesn’t Appear to be Affilaited With Onecoin

In the world of cryptocurrency, mining is an integral part of Bitcoin and most altcoins. Unfortunately, not everyone has the means to mine at home or partake in cloud mining. Relying on AWS-based mining was a worthwhile solution some time ago, but that concept has fallen out of favor as of right now. AWS Mining Isn’t Worth Pursuing For the average novice cryptocurrency mining enthusiast, it makes sense to outsource the mining process altogether. Without powerful and dedicated hardware at one’s disposal, it becomes significantly more difficult to generate cryptocurrencies through the Proof-of-Work algorithm. Mining Bitcoin at home is nigh impossible these days, but for altcoins, things are a bit differently in this regard. Unlike Bitcoin, most altcoins use a completely different mining algorithm. In the case of Monero, for example, mining with a regular CPU can still yield some good results, although no one will become a millionaire overnight by any means. Even so, this raises the question as to whether or not it is worthwhile to mine cryptocurrencies using online services such as AWS or Digital Ocean. Truth be told, both options worked quite well until a few years ago. When cryptocurrency mining was still CPU-friendly, one could easily spin up a server on either platform and earn some money from doing so. Over the years, however, both companies have actively begun prohibiting such activity, as it taxes their infrastructure significantly. Furthermore, both Digital Ocean and AWS have lowered the “power potential” of their virtual servers in recent…
Source: Can You Mine Cryptocurrencies on AWS or DigitalOcean?

Trading volumes on exchange-escrowed peer-to-peer (P2P) cryptocurrency trading platforms in India are rising rapidly amid the banking ban by the country’s central bank. “Indians are warming up to P2P in amazing ways,” the CEO of a local crypto exchange told news.Bitcoin.com. Several other exchanges competing in the same space are seeing similar responses from their users. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space P2P Trading Volumes Growing Rapidly Indian cryptocurrency exchanges that offer P2P services are experiencing rapid growth in trading volumes despite the cryptocurrency banking ban by the country’s central bank, the Reserve Bank of India (RBI). The CEO of Indian crypto exchange Wazirx, Nischal Shetty, told news.Bitcoin.com that “In a bear market with no banking, Indians are warming up to P2P in amazing ways.” Wazirx launched its exchange-escrowed P2P service on July 10, a week before the RBI ban took effect. India’s central bank has banned financial institutions from providing services to crypto businesses. As the country’s supreme court continues to postpone hearing the petitions against the ban, a growing number of Indian exchanges have implemented their own solutions to the banking problem such as using P2P trading and launching cryptocurrency ATMs. Shetty shared with news.Bitcoin.com: P2P is working great for Wazirx. It’s helping us increase our daily trading volumes as well. In fact a few days ago we hit 100 BTC in daily trading volume for the first time … we’ve crossed over $5M in P2P in the 3 months since we’ve gone live. The…
Source: Indian Cryptocurrency Exchanges See Rapid Growth in P2P Trading

Bitfinex brought back fiat deposits, but users are still reporting delays in processing transactions. Do the rumors of the exchange’s insolvency have something to do with its suspended banking partner relations and the sale of USDT?
Source: Bitfinex: The Rumors of “Insolvency”, Banking Partners’ Escape, and the Suspension of Fiat Deposits