Hong Kong Refund Law Debates Work for Bitcoin (BTC)!

Hong Kong Refund Law Debates Work for Bitcoin (BTC)!

In Hong Kong, hundreds of thousands of people took to the streets, despite the postponement of the legal arrangement that facilitated the extradition of suspects to mainland China. There is serious unrest in the country at the moment and the demonstrators want the legal regulation to be completely canceled. In addition, protesters call for the resignation of Hong Kong Special Administrative Region leader Carrie Lam.

According to Reuters, some Hong Kong businessmen are taking their wealth out of the country via personal off-shore because they are concerned about the legislation that facilitates extradition to mainland China.

People Turn to Bitcoin (BTC) Since protests began, Bitcoin prices in the country have traded 75 to 100 dollars above Bitcoin’s global price average. Moreover, Hong Kong has recently faced major liquidity problems due to trade tensions between China and the United States. Hong Kong citizens fear that the adoption of such a law would trigger higher capital outflows and thus the liquidity problem would grow further.

The protests in Hong Kong led to a huge increase in Bitcoin trade in Hong Kong, as evidenced by data from LocalBitcoins. So much so that the price of Bitcoin in Hong Kong rose from the global value of the leading crypto currency to over $ 100. BTC / HKD trading volume is increasing day by day and people who want to escape the increasing economic uncertainty are turning to Bitcoin.

Even though the legislation has been postponed for the time being, Hong Kong officials reportedly want to send the legislation again to the legislature for approval.

Iran to exceed enriched uranium limit in 10 days

Iran to exceed enriched uranium limit in 10 days

Iranian Atomic Energy Authority spokesperson Behruz Kamalvandi said Iran would exceed internationally recognized limits on the size of Iran's low-enriched uranium stock in 10 days; however, European countries still have time to recover the nuclear deal, he said.

Kamalvandi "We had quadrupled the rate of enriched uranium, we have increased it more recently. So 300 kilograms limit will be exceeded in 10 days ... There is still time for European countries to take steps," he said.

Tehran protested the US decision to withdraw from the nuclear agreement last year and re-enforce sanctions, saying it would stop implementing its commitments under the nuclear agreement.

Bitcoin is US $ 9,300

Bitcoin is US $ 9,300

Bitcoin price rose. The recent changes in the value of crypto currencies leave investors curious. Investors are wondering what to do with the ever-increasing and declining price of thousands of dollars worth of crypto currencies, while some believe that the changes in the value of investments in this regard may increase and buy and sell. Although the price of Bitcoin continues to show an upward trend these days, it is possible for some people to compete with each other because of serious sales and purchase moves.

Investors wondered how much the price of Bitcoin, which gained value in this short period of time, would rise, and once again showed that Bitcoin, which broke a record close to $ 9,400, was the best value-added crypto currency in 2019.  

Developments in the price of bitcoin have recently attracted the attention of crypto currency investors, while others are worried that the price will show a downward trend once again.

Chinese Crypto Money Investor Commits Suicide

Chinese Crypto Money Investor Commits Suicide

China is one of the largest economies in the world. Although the economy in China is good, the people's economy is bad. The public is forced to work with many economic hardships and high salaries that are low enough to eat only for very low hours. Since the population of the country is very large, it is estimated that the number of people with the most crypto money in the world is among the top 3 in China.

Hui Yi lost close to 16.2 million. This money, which is referred to as dollar, is equal to 2000 Bitcoins and it is announced that this man's money is not entirely his own and that he lost all the money in 100x leveraged commercial crypto money transaction.

 

Some sources claimed that the man lost $ 182,000, while the size of the trade was $ 16.2 million. Huge Yi chose to put an end to his life for this reason or some other reason, even though it might seem very low at 182 thousand dollars. It was announced that the Chinese security forces immediately launched an investigation into the matter and that the relevant authorities were in charge to examine the commercial transactions.

Visa steps into the world of Blockchain

Visa steps into the world of Blockchain

Visa; It was one of the largest payment institutions known around the world, but for a long time, Bitcoin had a very negative attitude towards crypto currencies. Visa CEO; it was openly harshly criticizing the Bitcoin system, causing even confusion for investors. As such, a recent statement caused many people to be surprised because Visa; It used the blockchain system for cross-border operations.

Visa's New Payment Network

Visa; developed a payment system for itself. Designed for payments and remote transactions, this payment system is currently traded on the market. The name of the system; Visa has been designated as B2B Connect. Purpose of the system; to provide financial institutions and individuals with an international payment method and to ensure that transactions are carried out quickly. Thanks to this system, it is possible to say that a transfer corridor has been created for up to 30 global currencies and the system is still being developed. After a while, the number of money in the system is expected to be 90.

Visa B2B Connet System

Visa eliminates the intermediaries with the newly developed system. This is exactly the case with the blockchain system because there are no intermediaries in this system. The Blockha; While this is important both for eliminating the extra costs and for increasing the speed, it may be an indication that Visa is starting to defeat the system against which it reacts.

Litecoin up 10 percent

Litecoin up 10 percent

Litecoin price has increased dramatically in recent days. The recent rise of LTC, one of the biggest crypto currency investments among the crypto currencies, is closely related to the whole crypto currency market. The price of Bitcoin rose by 4%, at $ 140, which gives Litecoin traders the opportunity to make new investments and gain profits.

Similarly, Bitcoin can move around $ 8,000, but it doesn't seem to be as high as $ 8,000. The rise in the Bitcoin price also raised the prices of some of the subcoins, while Litecoin was again the most valued.

 

After the Litecoin price rises so well, some LTC traders sell, while others think that avoiding profit sales will bring them more in the future. Due to the price increase of BTC, LTC is also expected to maintain its price for a period of time and continue to increase without significant value losses. In order to increase the LTC price, profit sales should be low and purchases should be more. 

According to analysts, the biggest reason behind the rise of LTC is the halving event in August.

Doctoral Level Blockchain Training Begins in Canada

Doctoral Level Blockchain Training Begins in Canada

The University of British Columbia (UBC) in Canada has begun to offer its graduate and doctoral students a special training in Blockchain technology.

British Columbia University shared a press release last day and made a statement that was of interest to Blockchain experts. According to the announcement published by UBC, graduate and doctoral students can now participate in a full Blockchain-oriented education program at this university.

The main purpose of UBC is to make the students participating in this program become fully equipped Blockchain experts. According to the announcement by British Columbia University, the training program will focus on the use of Blockchain in four areas: health and wellness services, clean energy, regulatory technology and local issues.

According to a press release issued by UBC, the university administration aims to provide education to 139 students in a six-year period. Upon successful completion of this program, students will be able to carry out special studies on Blockchain upon graduation, according to the University's management.

UBC Blockchain and crypto money technologies were already far from the university. Students on the Vancouver campus of the school set up a Bitcoin-specific community a few years ago. The aim of the community is to bring together students interested in Bitcoin and organize special events for crypto money.

Bitcoin Causes Another Suicide

Bitcoin Causes Another Suicide

The investor engaged in leveraged transactions committed suicide when he lost his BTCs.

Hui Yi, founder and CEO of BTE.TOP, which provides services in the crypto currency sector, leveraged the Bitcoins entrusted to him. Processed approximately 2000 BTCs 100 times leveraged by customers.

If a crypto currency that is 100 times leveraged in the leveraged exchange markets moves in the opposite direction by 1 percent from the value received, all the investor's money is reset. Yi, who opened a 100-fold short position, lost all his money as a result of a 1 percent increase after the Bitcoin price.

 

Hui Yi, a name recognized by the crypto currency community, was a victim of his ambition and gambled with the $ 14.5 million BTC invested in his company. Hui Yi, who allegedly committed suicide after losing all the money, was killed because he could not afford to suffer so much and suffered great embarrassment.

However, a number of people say that Hui Yi did not commit suicide and pretended to be dead in order not to reveal the loss of about 2000 BTC.

Especially in leveraged transactions, the painful stories of people who suffer for an instant ambition are reflected in the press every day. While you can make a lot of profit while making leveraged transactions, there is the possibility of losing all your money.

A New Method Became a Nightmare for Crypto Money Traders!

A New Method Became a Nightmare for Crypto Money Traders!

As the price of crypto currencies rises, so do the number and methods of scammers targeting crypto currency investors or exchanges. One of the most popular methods of recent times is the so-called SIM swap, which basically involves copying SIM cards. Nicholas J. Percoco, the senior manager in charge of security at the Kraken crypto exchange, said in a statement that the US-based users should be careful with the SIM copying process and warned everyone:

ATTN: There is an organized crime group actively targeting members of the #cryptocurrency industry. You MUST remove mobile phone numbers from your personal email, work email & exchange / bank account recovery processes NOW! 1 / #crypto #bitcoin pic.twitter.com/icBSmi3bTh

- Nicholas J. Percoco (@ c7five) June 8, 2019

In fact, the method has been known since the beginning of 2018, when the SIM copying process has made great accents. The method basically aims to copy your SIM card by tricking your phone operator and accessing your account through the SMS method of exchanges.

The best way to protect yourself against this attack is to use 2FA and not to trade on stock exchanges without the 2FA method.

Squanch, one of the leading figures in the crypto currency industry, also shared a very detailed series of tweets on the subject and pointed out that investors should be careful.

SW SIM SWAPPING / JACKING ”is a hacker who has tricked your phone operator into getting a copy of your sim card in recent months.

I wanted to warn you before it happened to us.

Trump Accuses FED

Trump Accuses FED

US President Trump pointed to the Fed as the target for the economy.

”Fed interest rates - in addition to the lingering monetary tightening - are very high, the euro and other currencies devalued against the US dollar, which puts the US at a disadvantage, Tr Trump said in his twitter account.

Trump added that inflation in the US is very low and “it is a very good thing”.

Greek President accepts Prime Minister Chypras' request for early elections

Greek President accepts Prime Minister Chypras' request for early elections

Unanist President Prokopis Pavlopoulos accepted Prime Minister Aleksis Chipras' demand for the dissolution of parliament and early elections.

Chipras decided early in the elections four months before the end of his mandate in the European Parliament elections, after the leftist Syriza party fell 9.5 percentage points behind the main opposition conservative New Democracy party.

Chipras 'request and Pavlopoulos' approval are seen as formality. Pavlopoulos is then expected to issue a decree giving the new election instructions and abolishing parliament.

Facebook's Crypto Currency Will Add Power to Bitcoin's Power!

Facebook's Crypto Currency Will Add Power to Bitcoin's Power!

According to news, leaks and allegations, Facebook (NASDAQ: FB) will soon launch the crypto currency project Libra, which users can use on their platforms (including Messenger and WhatsApp). Probably anyone with an account on these platforms will be able to trade for physical purchases, such as online purchases or any grocery store or restaurant.

Facebook announced that it would elaborate on the announcement of the expected crypto currency on June 18 and confirmed that the value of the crypto currency would be a “stablecoin bağlı that would be tied to a fiat currency basket.

Well, Facebook's crypto currency, what it means, what will change, what will bring with you, let's look more closely.

Facebook's crypto currency will be a good force in developing countries where the company wants to market its product…

So why? Because central banks in developing countries are often renowned for lack of discipline to maintain the value of de facto currencies that have lost their purchasing power. The best example of this is Venezuela, which suffered worse inflation than Germany after the First World War.

At this point, Facebook will provide citizens of developing countries with access to a more reliable store of value than government-backed currencies, and Facebook's crypto currency will indirectly bring fiscal and monetary discipline to developing countries. This will indirectly improve the lives of many people.

Facebook crypto currency will lead to populist calls for the cancellation of subsidies to banks at the heart of the US banking system…

Facebook's crypto currency will lead to populist calls for the cancellation of subsidies to banks at the heart of the US banking system. Because Facebook's crypto currency will provide great benefits to users. Because the assets that support the crypto currency will generate interest income. If Facebook does not share its benefits with its users, it may remain in the midst of criticism.

Well, Facebook will save what you like with the crypto benefit. Facebook, the entire US dollar balance through the Federal Reserve'de interest through one of the bank partners to invest $ 10 million per month will be $ 235 million in earnings. If this is not shared with users, politically Facebook may find itself in the midst of criticism.

Currently, the Fed's actual interest rate on its member banks from surplus reserve interest (IOER) is 2.35%.

Instead of sharing such gains with other customers, other stabilcoin providers put almost all of them into their pockets. However, the number of Facebook's potential customers may cause a big upturn and the company will not be able to do so. Because Facebook's stablecoin will be so big and visible that it can't handle it. Therefore, he will not be able to sweep his gains under the carpet.

Facebook's foundation will grow to gain great power in global capital markets…

Facebook plans to reduce the management control of the crypto money project to an independent foundation it recently established in Switzerland. This makes sense because Facebook not only strengthens its project against antitrust claims, but also helps to reduce the degree of centralization of the crypto currency.

This will enable the crypto-currency project to gain considerable strength in the global capital markets relatively quickly because it will do what the central banks do, which will define the basket weights for the actual currencies in which the value of stabilcoin is fixed and manage assets for fixing the basket. There are many strong belirleyici basket determinants Sermaye in capital markets, and their ability to move markets can be important. For example, consider the committee defining the components of the Dow Jones Industrial Average Index (DJIA) or the S&P 500 Index, or the central banks, tying their money to the basket (such as China's PBOC).

Along these lines you must have understood the potential of Facebook's crypto money project. Facebook will not pay mining holders of the crypto currency because we will have a stablecoin. However, given the fact that the company does not pay interest to its users and there will be a large number of commercial volumes, there is a large interest income. It is therefore not surprising why dozens of banks want to support the project. They all want to get a share of that interest.

Facebook will shed light on the old financial regulations, but will face regulatory uncertainties in this process Facebook

Is Facebook's crypto currency a security? So will users face this with the nonsense of needing an account with commission fees to get a cup of coffee? What will Facebook do about financial regulations? With the financial regulations facing crypto currencies so far

More than 300 Crypto Money ATMs Established in May 2019

More than 300 Crypto Money ATMs Established in May 2019

Recently published data shows that more than 300 new crypto currency ATMs have been opened last month around the world.

According to data provided by Coinatmradar, where crypto money ATMs around the world can be tracked, a large number of ATMs were opened last month. In fact, the total number of ATMs opened in May 2019 was at the record level of the last year.

Crypto money ATM operators installed 306 different ATMs around the world last month, thus increasing the total number of devices from 4,690 to 4,889. This number would normally be expected to be more than 4,990, but last month new ATMs were opened and some ATMs were removed.

Since Coinatmradar data shows the number of ATMs opened and closed last month, the total number of ATMs worldwide can be kept more effectively. When we look at the data of last month, we can say that the total number of ATMs increased by 228 considering the closed ATMs. This number was broken in April 2018 and the number of ATMs worldwide increased by 256 at that time.

This increase in the number of ATMs seems to coincide with the increase in the crypto money market. The crypto money market began to pick up after the long-lasting bear market last month.

Crypto currency financial center from Russia to Chinese border

Crypto currency financial center from Russia to Chinese border

The Russian government is considering building a financial center for crypto money on the Bolshoi Ussuriysky Island, which is located within the borders of both Russia and China.

According to the news in Bein Crypto, Russia's St. Crypto currencies were a hot topic at the International Economic Forum, which began in St. Petersburg and ended on June 8th. Many state representatives from different countries discussed this issue.

IPA President Leonid Petukhov, responsible for the development of exports and investment in Russia, said the Russian government plans to establish a financial center on the China-Russian border. This was first announced by TASS, Russia's largest news agency.

Stating that the Bolshoi Ussuriysky Island on the Amur River was the first thought for this work, Petukhov said that the island, which is located within the borders of both Russia and China, would allow cooperation between the two countries.

According to Petukhov, the financial center is planned to function as a headquarters for crypto currency trading, crypto currency exchanges and other foreign exchange markets.

There are two islands that Russia currently uses as a financial center, and the residents of these islands are completely exempt from income tax on dividends and profits from the shares of foreign companies.

Leaving aside these two financial centers, which have nothing to do with crypto money, this center, planned to be implemented on the Bolshoi Ussuriysky Island, will be the first in this sense.

If we look outside Russia, we see that the Philippines already has a crypto-currency innovation center called the Cagayan Special Economic Zone. The region, which has been investing heavily since last year, is said to have made the biggest leap in the last twenty years.

Samsung starts chip production for Bitcoin mining

Samsung starts chip production for Bitcoin mining

Samsung, a multinational South Korean technology company, has reportedly designed and started manufacturing chips for Bitcoin (BTC) mining.

As reported by CryptoDaily, Samsung Foundries China general manager announced last month that the company designed 2nm and 5nm chips for Bitcoin mining. According to the company's internal documentation, Samsung has been working on this project since the beginning of last year.

Samsung has announced a strategic partnership agreement with MicroBT, the third largest Bitcoin ASIC designer.

Samsung Blockchain determined to deepen the field

Given the fact that Samsung is the world's second largest semiconductor company, Samsung's entry into the Bitcoin mining industry is no surprise.

In addition, technology giant Samsung, as you know crypto money private keys storage support, the new model has released the Galaxy S10 smartphone. This shows that the company clearly supports crypto currency.

As previously reported by IIB, the phone supports Ethereum (ETH), ERC-20 tokens and ERC-721 collectible tokens. Moreover, Samsung is said to have potentially developed its own crypto currency on the Ethereum Blockchain.

As a result, Samsung is open to innovations offered by Blockchain technology and crypto currency. While Samsung Blockchain and crypto coins are all about it, their biggest rival is Apple and other tech giants. I wonder if these tech giants are doing their research on Blockchain and crypto money in secret?

Russia Thinks to Punish Crypto Money Miners

Russia Thinks to Punish Crypto Money Miners

Lawmakers in Russia are planning to punish people who are crypto money mining through open Blockchain platforms.

Anatoly Aksakov, Head of the Financial Markets Committee of the Russian State Duma, recently gave an exclusive interview to TASS from local sources. During this interview, Aksakov made some statements about crypto-money miners in the country.

Aksakov stressed that anyone who crypto money mining in the country in violation of Russian law can be considered guilty, and that mining is legally a crime.

The Russian government has been working to organize crypto coins for the last few months. A few months ago, President Vladimir Putin said that crypto currency arrangements should be completed no later than June.

Lawmakers in the country are trying to adapt to the date given by Putin, but we can say that this process has slowed down considerably in the last few weeks. According to sources such as Finance Feeds, the main reason for this slowdown is that Russian legislators try to comply with the standards prepared by the Financial Action Task Force (FATF).

As such, it is not known exactly what is legal and what is a violation of the law regarding crypto currency in Russia. But officials in the country, such as Aksakov, want to impose major fines on those who violate the laws currently in force.