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Australian City Plans Unique Bitcoin Project

It is important that citizens also have the opportunity to pay their taxes in Bitcoin. At least two of the 12 Council members have already expressed their support.

The Australian city of Launceston plans to build the world’s largest local Bitcoin revolution

Support from local businesses and government has already been announced for the Launceston Launch project. The organizers of the project say the Tasmanian city with its 106,000 inhabitants is perfect for this test. The plan is to divide the Bitcoin revolution supply chain into different levels. Users should have the opportunity to receive and spend Bitcoin revolution. It is not planned that Bitcoin will generally have to be exchanged back into the local currency.

It is important that citizens also have the opportunity to pay their taxes in Bitcoin. At least two of the 12 council members have already expressed their support.

Project manager Adam Pulton has already talked about Bitcoin’s great potential to put the city, which otherwise never appears in the international press, in the spotlight:

“Bitcoin is a currency that is already being used in all developed countries and has moved more than 200 billion US dollars in the last 12 months. It’s time that Launceston also got its share.”

This project, coupled with other tourism and real estate projects, plus a social media campaign, could attract more wealthy tourists to the city who would be encouraged to spend Bitcoins.

The Launceston Launch project should end up being a closed system that starts with the Bitcoin acceptance by the retailers, who then transport the acceptance to other retailers in the supply chain. In the end, the cycle should remain within the city until the cost advantage is realized.

The Bitcoin payments and, if necessary, the conversion of Bitcoin into Australian dollars will be handled by the Sydney-based Bitcoin payment processor BitPOS.

Premium Bitcoin loophole Sponsors Have Already Signed

At least two Bitcoin loophole companies have already signed up for a “Gold Sponsorship”. This includes Dr. Roger Bernard, a surgeon who has been studying and observing Bitcoin loophole according to onlinebetrug since the beginning of 2013.

Bernard said:

“I’m a big fan of the Launceston Launch project and that’s why I signed up directly as a Gold Sponsor.”

Bitcoin could also help him expand his skin care distribution internationally, Bernard said.

Growing interest
Dale Dickins, an avowed Bitcoin enthusiast and documentary filmmaker from Melbourne, is also planning a public awareness campaign. At the same time, four Bitcoin vending machines are to be installed, the number of which will be increased as the project progresses.

Marketing will focus primarily on female consumers aged 25-45, as this group makes the most use of their smartphones and visits all kinds of shops.

Initial reactions from the shops have been quite positive, Poulton says. Although general attention is still quite low, businesses are slowly beginning to realize the potential for cost savings and the convenient benefits of the digital currency, Poulton added.

There are several locations worldwide that have launched similar projects to further promote Bitcoin. These include projects in The Hague (NL), Bali (Indonesia), Jersey and the Isle of Man.

Iranian Central Bank bans crypto currencies

The Iranian central bank forbids the banks and financial institutions of the country to use crypto currencies. This was reported by the state news agency last Sunday. The decision is primarily intended to combat money laundering, according to the press release. At the same time, however, the depreciation of its own currency, the Iranian rial, is likely to play a pioneering role.

The Iranian Bitcoin revolution has been depreciating massively for weeks

The hesitation has come to an end: after the Iranian Bitcoin revolution on the international foreign exchange markets suffered severe setbacks of recently almost half its Bitcoin revolution value, the country’s central bank takes action. As the state news agency reported last Sunday, the Iranian central bank CBI is now banning the country’s banks from using crypto currencies. The decision is tantamount to a ban on Iranian crypto users. Officially, the aim is to counter the criminal potential of the currency alternatives.

That’s what the memo says: “Virtual currencies can be used for money laundering, terrorist financing and the exchange of funds between criminals.”

Furthermore, the central bank justifies concrete need for action due to a lack of state supervision:

“Bitcoin is subject neither to regulatory rules nor to the legal framework of any country and no government or bank monitors or controls it worldwide.

The ban marks a sudden turning point for crypto users in the country. In the course of last year, Iran initially adopted a hesitant attitude towards crypto currencies, which are very popular in the country. Several times it had been stated that it wanted to take regulatory action, but had refrained from a ban until here.

However, a clear headwind had arisen at the beginning of the month in the wake of the Telegram ICO. Hassan Firouzabadi of the Iranian High Council for Cyberspace, for example, expressed criticism. He accused Telegram of posing a threat to the Iranian economy and undermining the Rial.

Gamechanger nuclear deal: Bitcoin revolution in crisis

The fact that the central bank has now finally taken the rigorous step is due to the country’s double-edged economic situation. Iran is currently convincing in terms of economic growth and Bitcoin revolution development indicators. Uncertainty about the Bitcoin revolution scam situation in the country, especially in the wake of the offensive foreign policy, however, has left President Ruhani’s plans for Western investment to fade away.

Rather, the unequal distribution of prosperity has attracted thousands to the streets since this year, driving the population to non-state pay alternatives such as Bitcoin.

However, the currency is groaning under a heavy load. For weeks the Iranian rial has been depreciating massively against the US dollar on the international currency markets. The most likely reason for the trough is the possible resumption of currently suspended US sanctions on Gulf oil.

These will be on ice until May, but then a groundbreaking decision for Iran will be made: that of the Americans on the international nuclear agreement with Iran.

EU members led by Germany and France are currently negotiating with the US president and advertising the deal, which Trump repeatedly publicly rejected in the election campaign.

At the end of March, however, there were indications that Iran was threatened with dark omens despite the maintenance of the agreement and the absence of new oil sanctions by the Americans. It became clear that Europeans could also introduce new sanctions as a concession to Trump’s criticism of Iran.

Tehran should fill this with great concern. Tehran is now putting a stop to such excuses this week, because the Iranian citizens could evade the currency collapse with Bitcoin & Co. and ultimately fire it up themselves.

What actually happened to Slock.it?

The crypto scene is also known for its fast pace – new blockchain projects are springing up like mushrooms, other stars in the crypto sky are burning up just as fast as they have risen. In our series “What has become of …?” we want to deal with projects at regular intervals that have become a bit quieter recently. We want to find out what the current status is like and whether we will hear more about the topic again in the future.

In the current issue we dedicate ourselves to the news spy

The idea behind the business model of the German blockchain start-up Slock.it is as simple as it is innovative. Locks with programmable interfaces should be linked to the news spy via these interfaces. The locks should then be able to be opened and closed again via smart contracts that run on the news spy. As the name Slock (Smart Lock) suggests, it is hoped that this will revolutionise the use of locks. In the last few years we have followed the start-up, including two interviews, over and over again. It’s high time we looked at it again and brought ourselves up to date.

Slock.it, Ethereum and the Bitcoin secret

Until the beginning of 2016, Slock.it was just a small start-up of the two brothers Christoph and Simon Jentzsch from the small German town of Mittweida. Until then, the only big idea was behind the Bitcoin secret project – intelligent door locks (https://www.forexaktuell.com/en/bitcoin-secret-scam/) that can be paid for, opened and locked using Smart Contracts via the Blockchain. However, when it came to finding a sustainable financing method for the growth of their company, the brothers had an idea that would change not only their company but also the cryptoscene itself forever.

Of course, we are talking about the DAO – the Decentralized Autonomous Organization. In general, this term describes an organizational form that functions completely independently of individuals on the basis of Smart Contracts. Specifically, it is about the showcase project of the Venture Capital Fund, which was built by the Jentzsch brothers on the Ethereum Blockchain. This idea was initially so successful that in the first month it generated an equivalent value of more than 150 million US dollars. Stateless and independent, the investors of the DAO were entitled to manage their deposits themselves. Nevertheless, the financing of Slock.it was also a motivation behind the project.

Slock.it after the DAO
The end of the DAO’s history is well known and has been intensively researched by us (among others in the first part of this series). After the hack Christoph and Simon Jentzsch and their start-up Slock.it went on. They continued to specialize in expanding the basic idea of the intelligent, self-administering lock. A first application would be self-let apartments – a kind of Airbnb without the people behind it. The same concept can also be applied to cars or other rentable objects. Depending on technological progress, an autonomously driving, self-renting car could be imagined as a modern taxi – controlled via Smart Contracts on Ethereum.

The Slock.it project is now supported by the Innogy Innovation Lab and Siemens. The cooperation with Innogy is based on the concept previously developed with RWE. In one seed, the company secured a funding of two million US dollars to secure the financing of its projects even after the DAO burst.

How to trade binary options with little risk?

Due to the easy handling of binary options and the given transparency, this type of investment has steadily increased in popularity over the last few years. Good returns can be achieved by trading with binary options. However, it should be considered in advance how binary options can be traded with as little risk as possible. In the following, we have compiled some tips and advice on how to deal with binary options in a low-risk manner in the form of rules.

Avoid investment of the Bitcoin loophole

In any case, you should avoid investing too much in individual trades. Because the principle of Bitcoin loophole in terms of yield is as follows:

If one has traded an option correctly according to the price changes, then one wins this Bitcoin loophole option. In this case, the amount of the payout is such that the set amount plus the corresponding percentage amount is credited as a return, in the form of a profit.

The amount of the yield depends on the type of option. This means that different types of options offer different returns, but also correspondingly high risks. So-called one-hit options are particularly risky here. Since many traders are tempted here to put more and more capital into a single trade.

However, this is the biggest mistake that many traders make. Because at high stakes, if you win the option, a high return can be waved, but if you lose the option by a wrong decision, the entire amount can be lost.

Probabilities of Binding with the news spy

In order to be successful in the long run, it makes sense to calculate in the news spy. Because the case that all trades can always be won is very small. Therefore it is a good idea to invest less capital in different trades.

Through some strategies, for example, it can be achieved that only a few trades really need to be profitable in order to have made a profit at the news spy with the different trades.

Using probabilities to make a profit

By making the right decisions, you can achieve a high return on your trades using binary options. In order to make a profit with the highest possible probability, you should put some strategies and tools aside.

Basically, three things are important in order to achieve high returns with an equally high probability, according to experts.

An appropriate trading strategy can ensure that similar or identical trading decisions are always made. In addition, a trading diary helps to identify in which strategy the strengths and weaknesses lie. With these two tools it is possible to determine whether the strategy used is the one that is profitable or whether the strategy still shows some weaknesses.

Finally, in combination with these two tools, the third component, namely money management, is added. With this component you can reliably check and monitor that you have never spent more money than you intended before.

After the first trades, you can check whether the strategy is profitable or not. In addition, the emergency brake can be applied early enough and the investment strategy can be adjusted accordingly so that a profit is achieved at the end of the month.

Binary options are in vogue and convince above all by their simple handling and a certain degree of transparency. The investment opportunity offers a simple type of financial trading due to low effort and the elimination of complex key figure analyses.

Through the application of trading strategies, returns can be achieved with clakable risk.

With some skill and the right options, returns can be achieved with a certain risk. You should also follow some important basic rules and tips that can make trading with binary options even safer and protect against loss.

Bitcoin ATMs: Also some good news from China

From One Way to Full Service Bitcoin ATMs. Here are last week’s Bitcoin ATM news.

It looks like the community is still looking for a suitable name for the Bitcoin ATMs – except Robocoin. The company refers to its machines as “Branches”. We will continue to use the terms Bitcoin ATMs or Bitcoin ATMs (Bitcoin ATM) for the time being. Only so that everyone knows what we are talking about and Google knows what to do with it.

The last week has brought us a nice buffet of many new Bitcoin ATMs. Proof that Bitcoin and hardware support continues to expand worldwide.

The Bitcoin cash dispenser installed in an iced coffee shop in Taiwan has received an update in the form of a multilingual interface due to its international clientele. The Lamassu machine now also serves its customers in English, Italian, German and French. A Chinese interface is being planned and will probably be installed very soon.

According to the company, a second Bitcoin secret will be launched soon

The country that once gave the world the liberal economy continues its course with a Lamassu Bitcoin secret and 0% transaction fee. Electronics retailer Cex is also promoting its Bitcoin secret and wants customers to have the opportunity to purchase Bitcoins easily from their local store in Glasgow.

The GlobalBitcoin Summit in Beijing last week was not only about regulations, mining hardware and central banks. The startup BitcOcean took the opportunity to demonstrate some active Bitcoin machines developed in cooperation with OkCoin.

Vancouver has developed into the spiritual home of Bitcoin vending machines. Not least because the first Bitcoin vending machine worldwide was installed there last October. Now the city has another Lamassu vending machine. The owner Yuri Yerofeyev, the director of The Bitcoin Co-op, put the machine into operation last week.

The Bitcoin cryptosoft machine is located at 1195 Robson Street in Vancouver

The prices depend on the Virtex stock exchange and the customers pay a surcharge of 5%, which is not a scam according to onlinebetrug. At the moment the cryptosoft operator still grants an introductory discount and collects only 3% fees. So who is currently in Vancouver: Pronto Pronto!

“Do it Yourself” Bitcoin vending machines
If someone wants to build their own Bitcoin ATM, they can do so with the Do it Yourself Bitcoin ATM from Open Bitcoin ATM. The machine is available in Canada and the USA for 645 dollars, and so far only accepts US dollars.

Bristol and London, England
UK-based SatoshiPoint says it has a Robocoin that is still under customs clearance. The machine will be installed at Superfoods (25-27 St Stephens Street in Bristol). The company plans to install Bitcoin ATMs throughout the country.

SatoshoPoint also has Robocoin ATMs in London, which will go into operation after the Bitcoin2014 in Amsterdam. The Bitcoin2014 ended on Sunday.

London is now well on its way to outperforming Singapore with the most Bitcoin vending machines.

English original version by Jon Southurst (@southtopia) via Coindesk.com

FinHub: New SEC branch office for Bitcoin regulation

Bitcoin, regulation and the SEC: The US Securities and Exchange Commission announced the launch of the Strategic Hub for Innovation and Financial Technology on 18 October. The so-called FinHub is an outsourcing of some internal departments at the SEC, which is to be relieved.

Bitcoin, crypto currencies, blockchain technology and regulation are a pair that is still struggling. New information about Bitcoin’s regulation is constantly being added to the news columns. However, a final agreement is still not in sight. A new department of the SEC is therefore to take some countermeasures in the future.

The tasks of the new cryptosoft

In future, the Securities and Exchange Commission will outsource part of its cryptosoft. The authority, which among other things deals with regulatory issues relating to cryptosoft Bitcoin & Co., will be relieved of its responsibilities by the FinHub. Its tasks are:

Provision of a portal for industry and the public on which it will be possible to discuss innovative ideas and technological developments directly with SEC staff;
Provide information on the SEC’s activities and initiatives with FinTech;
Inform the public through publications and events. (Including a FinTech Forum focusing on distributed ledgers and digital assets).
To act as a platform and clearing house for SEC staff to acquire and disseminate information and FinTech-related knowledge within the Agency.
To serve as a liaison with other national and international regulatory authorities regarding new technologies in financial, regulatory and supervisory systems.
Bitcoin regulation to become more centralised in the future

Rejoicing the crypto trader

Valerie A. Szczepanik will head the SEC’s FinHub. In addition the chairman of onlinebetrug: “The SEC is committed to working with investors and market participants on new approaches to capital formation, market structure and financial services to improve investor protection and not reduce it in any way. The FinHub is a key focus for our efforts to monitor and promote crypto trader innovation in securities markets that are promising, but also require a flexible and rapid response from regulators to fulfill our mission.

SEC Chairman Jay Clayton.

This will make the regulation of Bitcoin and Co. somewhat more centralised in the future. Further information can be found in the official press release and on the FinHub homepage.

Brickblock: New partnerships with SolarisBank and JTC

The Berlin-based blockchain company Brickblock announces two new strategic partnerships. In the future, Brickblock plans to work closely with SolarisBank, which is known for its activities in the crypto sector. In addition, Brickblock was able to win the financial services provider JTC for a partnership.

For the Berlin blockchain start-up Brickblock, the arrow continues to point upwards. A few weeks ago, BTC-ECHO reported on the company’s partnership with the investment company Peakside Capital. Now Brickblock, whose business is the tokenisation of real estate, is following up with two new partnerships.

SolarisBank: With a banking license in the crypto sector

SolarisBank is a German Fintech company with a full banking licence and specialises in providing infrastructure for companies in the blockchain and crypto sectors. It thus creates a technological and regulatory bridge between the banking and blockchain worlds. SolarisBank has also recently started cooperating with Bitwala to create the first German blockchain account.

Now the cooperation with Brickblock. Together they would like to digitize the handling process for investing. This process includes compliance with anti-money laundering and know-your-customer (KYC) guidelines. Investors wishing to participate in the assets offered by Brickblock are encouraged to provide the necessary information. SolarisBank will then take care of regulatory compliance. Identification should be possible online and, according to the company, should not take more than half an hour.

“By automating our processes through SolarisBank, we can offer our customers an institutional AML / KYC service that ensures compliance at the highest level,” Brickblock said, says Brickblock founder Jakob Drzazga.

Together with the JTC Group, Brickblock will bring real estate to the Blockchain

At the same time Brickblock announces the start of a second partnership. According to this partnership, Brickblock and the asset manager JTC Group want to make investments in real estate possible. JTC has expertise in the management of traditional and alternative asset classes with a particular focus on real estate. The total assets under management amount to more than 100 million US dollars.

The first properties will be offered via the blockchain in the coming weeks with the help of JTC. Hillview Homes will offer the Holt Hill property, which is located in the United Kingdom. Brickblock’s Blockchain service is designed to facilitate investment in this property with low fees, fast processing and virtually no spatial restrictions.