Bali’s Bondalem Beach Club Is Ready For Sale, Values $3 Million Dollars In Bitcoin

Bondalem, a renowned beach club in Bali, Indonesia is now ready for sale. The huge property consisting of five bungalows is not just going to have a typical sell usually what people are used to. The purchaser needs to pay a higher value of $3 million dollars in Bitcoin to acquire this resort in Bali.

Bondalem is already a globally acclaimed beach club located at the Balinese village on the north-east coast of Bali. The overall property consists of 18 bathrooms, 18 bedrooms, two swimming pools including an area exclusively designed for fitness and yoga. The fitness and yoga area is equipped with wall-yoga ropes and anti-gravity yoga hammocks.

There are several reasons why the value of this place has been kept at such a high scale in Bitcoin dollars. Sprawling across an area of 46,930 sq. ft., the overall property is a gateway to varied temples, dolphin tours, hot springs and water cascades. Here the visitors can see dolphins and other animals while coming close to the shore. The visitors who are fond of fresh fish can visit the restaurant spreading an area of 2,368 sq. ft.

The place is having a tremendous potential for positive cash flow in the near future. A new airport is also going to be completed soon around 20 km away from the building. The communication will further improve with this new development, as cited in the listing done by Bitcoin Real Estate.

Bondalem is not the first property which is going to be sold for Bitcoin. There are plenty of different properties across the planet that are being sold for the cryptocurrency. Recently, over 400 years old palazzo in Malta was on sale for 550 Bitcoins, the amount which is reportedly equivalent to more than $3.5 million USD, CryptoDaily noted.

Similarly, there are several properties in the United States, Australia and Argentina anyone can own by paying the higher values through Bitcoin dollars. Some real estate organizations are passionately working with varied digital currencies with an objective to fulfill the demand of the most exigent buyers in the market.

The post Bali’s Bondalem Beach Club Is Ready For Sale, Values $3 Million Dollars In Bitcoin appeared first on OWLT Market.

from OWLT Market https://ift.tt/2CSwjMl
via IFTTThttps://ift.tt/2OlCCL9

Study Shows Bitcoin Mining’s Contribution Bigger In Global Warming

The emergence of cryptocurrencies took place a few years back but now a new study shows Bitcoin mining alone can raise the planet’s temperature by atleast 2 degree celsius in just 15 years. Experts believe that it is going to have a serious impact on the climate.

The experts at the University of Hawaii analyzed emission information received from multiple different stages of the cryptocurrency mining chain. They found that the mining processes generate enormous emissions, which will increase the earth’s temperature. An increase in temperature of around 1.5 degree celsius will lead to irreparable catastrophic climate effects on the earth.

Since Bitcoin mining requires heavy hardware requirements, the processes consume massive amount of energy including the emission of carbon dioxide. The reports argue that it alone could be responsible for adequate carbon emissions to raise the planet’s temperature by 2 degree celsius within 2033. This is a kind of warning as the experts believe that Bitcoin can do that pretty much alone.

Jon Truby of Qatar University noted that it could consume as much energy to mine a single Bitcoin as it would require powering single house for months. The University of Hawaii’s researchers published a paper in Nature Climate Change in which they estimated the use of Bitcoins in the previous year emitted 69 million metric tons of carbon dioxide, which is as much as 15 coal-fired power plants.

Since the advent of the industrial revolution and coal mining at a large extent, the overall earth’s temperature also increased by 1 degree celsius. According to the researchers, another 0.5 degree celsius rise in temperature could cause 40 centimeters to rise in sea level along with a marked decline in crop yields.

“Currently, the emissions from transportation, housing and food are considered the main contributors to ongoing climate change. This research illustrates that Bitcoin should be added to this list,” co-author master’s student Katie Taladay said, as reported by Express.

Although some Bitcoin and other cryptocurrency miners are already pushing for clean power, a Dutch economist Alex De Vries said that renewable energy can mitigate the worst effect of mining the digital currencies since renewable energy production is highly variable.

The post Study Shows Bitcoin Mining’s Contribution Bigger In Global Warming appeared first on OWLT Market.

from OWLT Market https://ift.tt/2P0RROk
via IFTTThttps://ift.tt/2OlCCL9

Elon Musk Cites His Infamous $420 Tweet Which Made Fine Of $20 From SEC Was Worth It

The co-founder of PayPal, Elon Musk has recently said that the tweet that cost him a gigantic amount of $20 million fine was worth it. He then tweeted that he would prefer taking a break from Twitter for some days.

The chief executive officer of Tesla used the social media platform Twitter to declare that he was contemplating to take the company private at $420 a share and had secured funding. His tweet led the Securities and Exchange Commission (SEC) to charge $20 million against him which he needs to pay to settle the matter.

Elon Musk also poked fun at the SEC’s mandate on fine to make him more responsible with his tweets. He was charged for misleading the investors with tweets made in August. His tweets had no basis in reality and the regulators claimed the created chaos in the market also hurt investors. However, he and his Tesla have agreed to pay the amount each to financial regulators and based on a settlement the 47-year old business tycoon will reportedly step down as the company’s chairman although he will remain as the chief executive.

Based on so far revealed settlement agreement, California’s Palo Alto-based Tesla is in an urgent requirement to appoint an independent chairman by the mid of November. The American-Australian media mogul Rupert Murdoch’s younger son James Murdoch (who is the present CEO of 21st Century Fox) is considered a leading contender. He became an independent director on the board of Tesla in July 2017 and presently desires to job the chair.

“The SEC settlement required that Tesla implement mandatory procedures and controls to oversee all of Elon Musk’s communications regarding the company in any format, including Twitter. It said any such written communications that contain information material to the company or its shareholders would need to be pre-approved,” Bloomberg noted.

Although Elon Musk and Tesla do not have any reason to worry when it comes to paying fine, still his tweet on $420 share was supposedly an inside joke aimed at his girlfriend Claire Elise Boucher, professionally known as Grimes. It is said to have disappointed the investors and attracted serious attention from the SEC, as reported by Maxim.

The post Elon Musk Cites His Infamous $420 Tweet Which Made Fine Of $20 From SEC Was Worth It appeared first on OWLT Market.

from OWLT Market https://ift.tt/2D9Dh0q
via IFTTThttps://ift.tt/2OlCCL9

New York’s Plattsburgh Plans To Enforce Tougher Rule For Cryptocurrency Mining Farms

In the last week, Councillor Patrick McFarlin of the Common Council of the city of Plattsburgh had brought forward a proposed law. This was mainly to regulate and impose strict laws on the cryptocurrency mining farms operating within the city’s parameter.

According to the proposed regulations, the temperature inside the facility should not cross over 120 degrees Fahrenheit, whereas if the temperature rises above 90 degrees Fahrenheit, no employee will be able to stay in the building. As far as compromising with the quality of human lives is concerned, no mining operation can cause “adverse or detrimental effect” to the neighboring residents, property owners or businesses, which include “diminishing the quality of life” or impacting the cost of services to their neighbors.

The proposal further noted that the miners should apply for a special use permit for launching or expanding a commercial cryptocurrency mining operation. On the other hand, no mining farm will be allowed to produce noise over 90 decibels, which is equivalent to the sound of a motorcycle. Overall, the reason for proposing these regulations is to ensure that the residents living in the proximity of the mining farms are secured from every perspective.

New zoning laws were imposed by the city council that to designate where the crypto miners can set up firms alongside raising five hazards. However, the council is expected to lift the moratorium during a public hearing that is set to take place on October 25 at 5 pm, as reported by NBC 5.

“We’re going to be moving to other towns, because it’s just been too long (of a wait),” CEO of Zafra (a digital currency mining farm), Ryan Brienza said.

According to Press-Republican, the city adopted a moratorium to forestall any additional commercial digital currency operations for a period of 18 months while those issues were under study. The source further said that for the purpose of formulating appropriate and reasonable protections for the community, an advisory committee of stakeholders was already appointed.

Due to increased electric rates, the miners’ profitability has highly come down. Many new cryptocurrency mining firms also migrated to other regions where cheap and abundant electric supply is available.

The post New York’s Plattsburgh Plans To Enforce Tougher Rule For Cryptocurrency Mining Farms appeared first on OWLT Market.

from OWLT Market https://ift.tt/2D3fG1o
via IFTTThttps://ift.tt/2OlCCL9

Bitcoin Mining Giant Bitmain Launches Software Update For Antminer S9

Chinese Bitcoin mining giant Bitmain Technologies recently revealed that it is all set to roll out a firmware update to support “overt AsicBoost” functionality. This will reportedly bring a boost to the miners. Earlier, its AsicBoost technology accumulated a plenty of criticism in the last few years, but despite this disparagement, the company firmly believes that it can generate 20 percent increase in efficiency.

Bitmain’s new AsicBoost technology will make Antminer S9 rigs boost their hash rate. However, the critics have claimed that Bitmain does not hold the patent for AsicBoost software in China, and they “have simply copied the US one and filed.”

Bitmain, which is known as top Bitcoin mining firm in China, recently elaborated that it did not have any intention to release software supporting the AsicBoost method over the fact that the software may be secured by patents. But now the legal counsel of the company has ensured that there is no specific patent claim over the software. Hence, Bitmain is free to use it based on its legal counselor.

“Now we are pleased to give Antminer users whose miners have the capability to support this function a choice to avail this advantage without any negative impact on the Bitcoin protocol,” Bitmain stated in its announcement, as reported by Coin Desk. In April last year, Bitmain gave a detailed statement that its ASIC chip and BM1387 already had the ability to process Asicboost. But they refrained from using the protocol due to possible patent infringements and other third-party IP violations.

In one blog post released by Medium a few days back, Bitmain said adding the code will save about 13 percent of energy costs, instead of 20 percent claimed last year. Recently, it revealed its btc.com and Antpool Bitcoin mining pool both implemented AsicBoost in March this year.

The post Bitcoin Mining Giant Bitmain Launches Software Update For Antminer S9 appeared first on OWLT Market.

from OWLT Market https://ift.tt/2qbqa6u
via IFTTThttps://ift.tt/2OlCCL9

Cyclebit’s New Project Helps You To Drink Cappuccino And Make Payment In Cryptocurrency

The concept of purchasing any product and making the payment in cryptocurrency has not received credible certificate and acceptance from all the businesses and firms. Hence, it is often confusing to understand where the virtual currencies are accepted and where they are not welcomed. Still, it is good to see when motivational start-up companies like Cyclebit take extra steps to make cryptos go mainstream much earlier than expected.

The newly founded Cyclebit aims to make digital currency available to everyone. It dreams for a future where everyone can easily buy and spend digital assets at a convenience store or during online shopping. However, since the concept is at a nascent stage, Cyclebit has contemplated to apply it on cappuccinos on the belief that it will have a good start.

The coffee lovers can now drink coffee or cappuccinos by making payment in cryptocurrency. The company is planning to merge payment in digital assets with the food industry so that the retailers can implement this new concept. As a result of this, the entire digital currency market will gradually spread in every sphere and take a new place in a transaction in the future.

Cyclebit has already extended its reachability to over 150 establishments in South Korea and Europe, as reported by CryptoNewsZ. Now the company is planning to extend its support of modern payment method to Spain any time soon. The idea is to create the buying and payment experience close to the existing procedures for credit cards or contactless payments.

According to Cointelegraph, the merchants will have to install an app for Android or iOS to be able to accept payment from cryptocurrency wallet including traditional banks. Even Cyclebit has also recently announced its exclusive partnership with Chinese company Dspread Technology to make transactions in digital currencies accessible and possible with the implementation of POS terminals in the retail network.

The post Cyclebit’s New Project Helps You To Drink Cappuccino And Make Payment In Cryptocurrency appeared first on OWLT Market.

from OWLT Market https://ift.tt/2PU1Y3Q
via IFTTThttps://ift.tt/2OlCCL9

Netflix Plans To Raise US $2 Billion In Debt And Fund More Shows

California’s Los Gatos-based Netflix is all set to raise a gargantuan amount of US $2 billion to build its streaming empire. Now the streaming media giant is eying toward debt markets to fund more shows. It announced on September 22 that it has a plan to take on US $2 billion in new debts by offering a new round of unsecured bank notes.

It is the third time Morgan Stanley and Reed Hastings owned internet streaming company is raising the debt this way. The company offered US $1.6 billion and US $1.9 billion in notes in October 2017 and April 2018 respectively.

The causes of issuing a new round of notes are “general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital, potential acquisitions and strategic transactions.”

Netflix, which is known for producing hits like “13 Reasons Why” and “Stranger Things” shows, has recently reported almost US $12 billion in total debt as of September 30, 2018. Its rising self-produced content that needs funding during the production phase is the primary cause of working capital requirements, which generates the gap between its positive net income and free cash flow deficit.

According to CNBC, a negative free cash flow of US $859 million is being reported by Netflix in its last week’s third-quarter earnings report. It further expects a negative free cash flow of US $3 billion for entire 2018. The concept of free cash flow is to calculate how much cash is earned after the organization covers investments in its business.

While having over 137 million subscribers worldwide, Netflix is currently confronting severe competition due to the venturing of traditional media companies into the streaming world. Now Walt Disney is also planning to launch its streaming apps to enable its viewers entertaining series, movies, sports channels, etc.

Apart from bringing in popular shows, Netflix has recently poached “American Horror Story” mastermind Ryan Murphy and “Grey’s Anatomy’s” executive producer Shonda Rhimes to make exclusive contents, as reported by CNN Business. The company earlier revealed that it would invest about US $8 billion on content this year, whereas Cowen research firm stated that it might spend the average US $13 billion on content in 2018.

The post Netflix Plans To Raise US $2 Billion In Debt And Fund More Shows appeared first on OWLT Market.

from OWLT Market https://ift.tt/2O2nlOw
via IFTTThttps://ift.tt/2OlCCL9

Cryptocurrency Trading Platform Bakkt Is Slated To Commence Working on December 12

The upcoming cryptocurrency trading platform of Intercontinental Exchange (ICE), Bakkt has recently confirmed that its Bitcoin future contract will officially start working on December 12 this year. Backed by world-famous brands like Starbucks, Microsoft and Galaxy Digital, the Bakkt Daily Bitcoin Future Contract will allow the investors to perform trading “a physically settled a daily future contract for Bitcoin.”

According to the notice, the future contracts of Bakkt will be cleared through another subsidiary of the exchange, ICE Clear US that owns the New York Stock Exchange. During the starting of 2018, the creation of Bakkt was announced when ICE declared its intention to develop “an open and regulated, global ecosystem for digital assets.”

Apart from offering Bitcoin futures, Bakkt will offer solutions for buying, selling, storing and spending digital assets. Any user purchasing Bitcoin contract will result in daily delivery of one Bitcoin into a customer’s account. According to the chief executive officer of Bakkt, Kelly Loeffler, the upcoming foundation is created upon “the time-tested, regulated futures markets that have advanced markets ranging from coffee to gold for hundreds of years.”

“We are taking a transparent approach to engage across the industry as we begin testing and onboarding in November, and trading and warehousing in December,” Loeffler said, as reported by The Daily Hodl.

According to a notice released by ICE Futures US, each future contract calls for delivery of one Bitcoin held in the Bakkt Digital Asset Warehouse and will trade in the US dollar items. The notice further gives the full specification in details.

The much-awaited cryptocurrency trading platform was initially expected to be launched in November after getting the approval from CFTC. Although the release of Bakkt was postponed till December 12 (its original launching date), no reason has been provided related to the delay of one month.

The post Cryptocurrency Trading Platform Bakkt Is Slated To Commence Working on December 12 appeared first on OWLT Market.

from OWLT Market https://ift.tt/2R7D159
via IFTTThttps://ift.tt/2OlCCL9

Turkish President Assures To Unravel Truth Behind Journalist Jamal Khashoggi’s Death

On the brutal killing of world-renowned journalist Jamal Khashoggi, the Turkish president has promised to bring the ‘naked truth’ out sooner than later. The 59-old journalist, who interviewed Osama bin Laden several times and once persuaded him to quit violence, entered the Saudi Arabian consulate in Istanbul on October 2, 2018, but was not observed leaving the building. Initially, the government of Saudi Arabia denied his death but admitted on October 20 that he was killed inside the consulate.

The Turkish president’s Recep Tayyip Erdoğan’s comment emerged from an investment conference in Saudi Arabia, which has been boycotted by many high-profile attendees due to the unexpected murder of the globally-acclaimed journalist. Hundreds of bankers and organization executives were expected to join the officials at Riyadh hotel for the Future Investment Initiative. This was an annual event that was conceptualized to assist the billions of dollars of foreign capital a kind of reform to interrupt the long going Saudi’s dependence on oil exports.

Regarding the sudden disappearance of the journalist Jamal Khashoggi, the spokesperson to Turkish president’s ruling AK party, Omer Celik said that they are confronting a situation that has been shockingly planned and later tried to cover up. He termed the journalist’s death “a complicated murder.”

The former editor-in-chief of Al-Arab News Channel entered the Saudi Arabian consulate to obtain documents related to his planned marriage with Hatice Cengiz. He was a famous critic of Saudi Arabia’s crown prince, Mohammed bin Salman. After around 2 weeks of denial and claiming that the journalist left the consulate alive, the capital city Riyadh accepted that he lost his life during a fistfight inside the consulate. One of the Saudi officials accepted his death due to a chokehold, as reported by Gulf Business.

According to Sky News, the members of the personal guards of crown prince Mohammed bin Salman may have been involved in the murder of journalist Jamal Khashoggi. A shocking claim has very recently popped up the journalist’s severed fingers were even flown back to Saudi Arabia as a macabre trophy for the crown prince. The crown prince always used to say that he would cut off the fingers of every writer who criticizes him, an outsider told Middle East Eye.

The post Turkish President Assures To Unravel Truth Behind Journalist Jamal Khashoggi’s Death appeared first on OWLT Market.

from OWLT Market https://ift.tt/2SbTZR1
via IFTTThttps://ift.tt/2OlCCL9

Irish Fraudulent Cryptocurrency Firm Drags Presidential Candidate Gavin Duffy Into Bitcoin Scams

The famous Irish entrepreneur Gavin Duffy has had his identity utilized into Bitcoin scams. A fraudulent firm claims to be a cryptocurrency trading platform has used Duffy’s picture and fake testimonials to promote Bitcoin Revolution without his permission.

The face of Irish Presidential candidate seems to suitably trustworthy to launch a fraudulent company with. The scam ad that used Duffy’s image claims that he offered to invest €30 million in the project and triggered a bidding war between the other Dragons, which actually never happened. For those who are unaware, Duffy has been a dragon on all the eight series of Raidió Teilifís Éireann (RTÉ) produced Irish television series, Dragons’ Den, which had its first episode aired on February 19, 2009.

While entangling the 58-year old former part owner of the HRM Group of Companies in the Bitcoin scams, the piece details of the Irish cryptocurrency start-up goes on to propagate that the firm has just “landed the biggest investment ever made in Dragon’s Den history.” The story in the article elucidates how two Dublin University students managed to appear on the popular RTÉ show. They reportedly pitched Bitcoin Revolution, an automated Bitcoin trading podium that allows the customers to make financial gains from arbitrage opportunities presented by the volatile markets. It has also linked to a Facebook page RTÉ 2, which has nothing to do with the broadcaster, as reported by The Irish Sun.

A spokesperson for Duffy recently said that they are already aware of the scams. Hence, they have requested the public to ignore the advertisement and report it to the relevant authorities. In the meantime, Facebook has received a request from RTÉ to check the scam post and remove it accordingly.

The Bitcoin revolution advertisement promises to multiply a small investment in just a few days, New BTC noted. If a customer invests a minimum amount of €220, he or she will get a return of almost €2,000 in just a week.

This isn’t the first time Duffy has been used in Bitcoin scams by any fraudulent cryptocurrency firm. He along with Eleanor McEnvoy and Eamonn Quinn were featured in an online advertisement for a digital currency trading site earlier this year.

The post Irish Fraudulent Cryptocurrency Firm Drags Presidential Candidate Gavin Duffy Into Bitcoin Scams appeared first on OWLT Market.

from OWLT Market https://ift.tt/2q55GvZ
via IFTTThttps://ift.tt/2OlCCL9

Cybersecurity Firm Doctor Web Reports 10,000 Dogecoin Holders Targeted In 2018

According to a Russian cybersecurity company, a cybercriminal is constantly targeting Dogecoin users. In a report released on October 18, 2018, the cybersecurity organization named Doctor Web (or Dr. Web) revealed its investigation on the activity of a cryptocurrency cybercriminal. The attacker is reportedly using a varied range of malware and multiple techniques for gaining illegal income.

The online scammer referred to as Investimer, Hyipblock or Mmpower utilizes a varied range of commercial Trojans that are presently widespread in the underground market. The names of some Trojans that have popped up are Kpot, ACRUX, Eredel, Predator The Thief, Pony, AZORult, Arkei, N0F1L3, and Kratos. The researchers have also discovered that the cyber scammer has been utilizing the DarkVNC and HNVC (which are spy-agent backdoors) to gain access to the victims’ personal computers.

The activities of cybercriminal for gaining huge profits by means of phishing attacks have highly augmented in 2018. Investimer is mainly focused on digital currency fraud, mainly Dogecoin. The scammer has made several phishing websites that replicate the actual online resources. One of those is a phony digital currency exchange, which allegedly asks the users to customize special client software programs. But these customized programs are actually Spy-Agent Trojan that many users have unfortunately downloaded in their system, as mentioned in the report released by Dr. Web in its official website. The number of Investimer’s victims has exceeded 10,000.

The creativity of the perpetrator does not end there. The report claims that he is practicing online fraud through online lotteries where the price is in Dogecoins. The programming for lotteries is made in such a way that not a single participant can win. Only the owner or creator can make profit out of it. Over 5,800 users have reportedly registered to Investimer’s lotteries.

On the other hand, as elaborated by Crypto Globe, the perpetrator has further made a fake Dogecoin mining pool, which attracts the viewers by claiming the rent availability at competitive prices. Lots of different luring schemes and activities Investimer has created this time. Dr. Web’s 2018 report also warns the users to not get influenced by the fake reviews about the service as those are created by the scammer.

The post Cybersecurity Firm Doctor Web Reports 10,000 Dogecoin Holders Targeted In 2018 appeared first on OWLT Market.

from OWLT Market https://ift.tt/2JamsTa
via IFTTThttps://ift.tt/2OlCCL9

Marks Jewelers Associates With Shopping Cart Elite To Accept Bitcoin Cash, Other Cryptocurrency Payments

Crypto payments seem to be taking a new shape by the end of this year with so many players diving into the new payment system. Mark Jewelers, a renowned US retailer has started accepting payments in cryptocurrency including Bitcoin.

The digital currency sector is undoubtedly maturing as the prices are being observed relatively steady throughout the second quarter of 2018. The US-based fine jewelry marker, Mark Jewelers has partnered with a renowned e-commerce platform Shopping Cart Elite to enable itself in accepting payments in cryptocurrency.

Mark Jewelers will not concentrate on accepting on any particular digital currency. Apart from accepting Bitcoin, the most famous cryptocurrency, it will also accept payment in Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Diamond (BCD), Bitcoin Gold (BTG), Dash (DASH), Litecoin (LTC), Ethereum (ETH) and Zcoin (XZC). The exclusive partnership of Shopping Cart Elite will enable Mark Jewelers’ crypto support for buying jewelry. The customers can now purchase the exclusive collections of merchandise such as wedding or engagement rings, jewelry, fine diamonds, timepieces, etc. with the mentioned wide selection of digital coins.

The director of marketing at Mark Jewelers, Joshua Rubin expressed his excitement on the starting of new system. “This will allow us to make our fine jewelry available to the global market while paying lower fees and avoiding chargebacks. Marks has long been known for our meticulous craftsmanship and curated selection, and we are thrilled to open our store to the world,” Rubin added, as mentioned in the press release by Cision PR Newswire.

The company has joined a growing list of jewelry retailers, including Samer Halimeh New York and Reeds Jewelers, the brands that are starting to accept payment in digital currencies such as Bitcoin Cash. This currency provides fast, reliable and inexpensive transactions in comparison to traditional processes of sending money, Bitcoin.com noted.

There are so far over 210 retailers throughout the world handling transactions in the cryptocurrency. Australia is considered the hub of merchants that welcome Bitcoin Cash as a form of payment, with around 80 locations accepting it.

The post Marks Jewelers Associates With Shopping Cart Elite To Accept Bitcoin Cash, Other Cryptocurrency Payments appeared first on OWLT Market.

from OWLT Market https://ift.tt/2Cyy5Ck
via IFTTThttps://ift.tt/2OlCCL9

Danish Tennis Player Caroline Wozniacki Signs Deal With GCOX To Launch Her Crypto Token

The Danish tennis athlete, Caroline Wozniacki is all set to launch her own crypto token. The 28-year old player, who is a former world No. 1 in singles, has collaborated with Global Crypto Offering Exchange (GCOX ) based in Singapore.

GCOX raised a ceremony of signing the deal with Wozniacki, and with this she becomes the first female athlete to have her own token. She is further looking forward to extending it before others commence joining in.

Earlier, the American singer, Jason Derulo, the Filipino boxer Manny Pacquiao and English former footballer, Michael Owen announced the launch of their personalized crypto token in association with GCOX. Both Owen and Pacquiao are also listed as private venture capitalists in the firm in addition to a member of the Abu Dhabi royalty, Sheikh Khalid bin Zayed al-Nahyan.

Sir Dr Jeffrey Lin, the CEO of GCOX stated that the first celebrity digital currency token will be unveiled in 2019, with either Owen or Pacquiao’s cryptocurrency showing up. He also mentioned that they are highly optimistic about the potential sales and giving their efforts to make around $300 to $600 million in the game.

The prospective buyers must initially acquire GCOX’s own tokens named ACM, which has not started seeing sales. However, Lin also didn’t reveal how many ACM tokens have already been sold but gave a theory of $300 to $600 million to be raised, as reported by Reuters.

The buyers will be given the access to buy celebrity products with the use of those tokens and the chance to interact their favorite celebrities will increase in the name of scoring. The proceedings from the sale of those tokens will further reach the celebrities, CryptoNewsz noted.

Apart from becoming the first female athlete to have crypto token, Wozniacki is also the first woman from the Scandinavian country to hold the top ranking position and 20th in the Open Era. She also won her maiden Grand Slam title at 2018 Australian Open and returned to the No. 1 ranking.

The post Danish Tennis Player Caroline Wozniacki Signs Deal With GCOX To Launch Her Crypto Token appeared first on OWLT Market.

from OWLT Market https://ift.tt/2CwS4RJ
via IFTTThttps://ift.tt/2OlCCL9

South Korea May Declare ICO Stance Next Month Based On The Financial Supervisory Service’s Report

The government of South Korea may announce its stance on ICO (initial coin offerings) in November. According to the high-profile officials, the government’s decision will follow the conclusion of a study being undertaken by the Financial Supervisory Service. The survey provided to South Korea’s domestic blockchain organizations requires them to offer some information the government expects to utilize to come to a final decision.

The survey is being accomplished on some companies which are preparing for ICO despite its embargo in South Korea. The stakeholders in the blockchain industry need to wait until next month to know whether they will be legalized. Hong Nam-ki, Chief of the Office for Government Policy Coordination confirmed last week when speaking with the parliamentary audit team. The government is on a mission to unearth facts to caution the population against fraud.

Apart from sending the survey on ICOs to the domestic blockchain companies by the nation’s Financial Supervisory Service, the organization is further responsible for setting up some policies on cryptocurrencies including anti-money laundering measures. The survey is further targeted to gather their views on the present legal framework for ICO.

“We did the survey as some companies are conducting or preparing for ICOs despite the ban here. We have had several discussions (on ICOs)…Once the survey results are in by end-October, we plan to finalize the government’s stance,” Hong Nam-ki opined, as reported by Bitcoin.com.

On the other hand, it is not mandatory for the blockchain firms to participate in the survey as they are free to decide. As far as the government’s part is concerned, it only wants a better understanding of ICOs, which does not mean it will compulsorily impose sanctions on these blockchain firms. IcoScientist noted that blockchain firms may respond to the questions they would like to. The government understands the potential of blockchain technology but there is no mandatory requirement to equate it (the technology) with the cryptocurrencies.

The post South Korea May Declare ICO Stance Next Month Based On The Financial Supervisory Service’s Report appeared first on OWLT Market.

from OWLT Market https://ift.tt/2NJvRC0
via IFTTThttps://ift.tt/2OlCCL9

Crypto Service Cobinhood Joins Hand With E-commerce simplyBrand To Unveil Its Anti-Counterfeiting ICO

A renowned cryptocurrency service platform, Cobinhood has declared its exclusive association with e-commerce verification platform simplyBrand. Cobinhood, which helps the users to maximize returns on the cryptocurrency investment, aims to provide support and advice the launch of company’s initial coin offering (ICO).

SBA, the ICO token will be utilized to reward crowdsource participants and enforcement agencies that help in the manual verification and consensus decision process. It (SBA) can also be utilized to buy the brand privileged item on the platform or be traded on other exchanges. The association between Cobinhood and simplyBrand will give the effort to fight fake or counterfeit transactions within e-commerce platforms. The joint effort will make digital commerce more trustworthy.

The e-commerce verification platform, simplyBrand will further utilize of AI and blockchain service to embed improved identification and verification processes into every transaction, whereas the general public can access the information of the infringing parties to be published on the blockchain’s ‘blacklist.’ The published information will help the users checking new barriers for counterfeit retailers.

The CEO and founder of simplyBrand, Kaufman Chang said that the association with enable the individuals to work together for strengthening the e-commerce community. Both the companies are trying to empower society to tightly hold online shopping and create a better experience for one another, as reported by Cision PR Newswire.

“We know that this will start with blockchain as it creates the transparency needed when visiting a digital checkout counter with no employees to be found. With Cobinhood’s backing and strong expertise in building a blockchain based community, we will be able to bring about necessary change,” Chang further opined.

On the other hand, according to Crowdfund Insider, the ICO tokens powered by cryptocurrency service platform will be listed on the Cobinhood zero-fee exchange after their token sale process preventing low liquidity. Alternatively, the token private sale of the e-commerce verification service provider simplyBrand finally commenced on October 16.

The post Crypto Service Cobinhood Joins Hand With E-commerce simplyBrand To Unveil Its Anti-Counterfeiting ICO appeared first on OWLT Market.

from OWLT Market https://ift.tt/2pXBZgk
via IFTTThttps://ift.tt/2OlCCL9

Crypto News: Number Of Crypto Billionaires In China Continue To Grow With Bitmain’s Founder On Top

The list of crypto billionaires in China has created a top news with an indication that the digital currency is creating an impact in terms of the individuals listed. Every year the renowned Hurun Research Institute compiles the list and features individual within the country with a net worth over the US $289 million. The increase of the cryptocurrency billionaires among the top wealthiest individuals across the world is a good sign that the industry has a huge potential in the future.

Although there has been a downtrend in the market, some individuals have successfully maintained the majority of their wealth from the cryptocurrency market from varied countries. The report suggests that 6 people from major Bitcoin mining farms and digital currency exchanges presently hold a net worth of over $1 billion each. Overall, 13 executives from the industry have made it to the list.

The massive investment of Bitmain Technologies’ co-founder Micree Zhanin the production of ASIC miners for the creation of various cryptos in China has put him in the list among the top 100 Chinese billionaires (ranked 95th). His company is almost always in the news for any new happenings. The report shows his altogether net revenue is pushing towards $10 billion. Another co-founder of Bitmain, Wu Jihan has made the 204th position with a net worth of $2.38 billion, as reported by Coin Desk.

The founder and CEO of Binance, Changpeng Zhao ranks third wealthiest individual listed in the cryptocurrency sector. He is estimated to have a gigantic amount of $2.2 billion and this figure has helped him in getting 230th position. The report released in the official site of Hurun Research Institute ranks the Chinese business giant Jack Ma, co-founder and executive chairman of Alibaba Group 1st with a net worth of $39 billion.

It is quite clear that despite the crypto crackdowns in China (including the nation’s stance against digital currency activities), the new players have been venturing in the industry and the leaders in the cryptocurrency market have been able to accumulate substantial wealth   in 2018.

The post Crypto News: Number Of Crypto Billionaires In China Continue To Grow With Bitmain’s Founder On Top appeared first on OWLT Market.

from OWLT Market https://ift.tt/2J2sUvC
via IFTTThttps://ift.tt/2OlCCL9

Epoch Partners Strengthen Its Presence In Cryptocurrency Market By Unveiling First IPO Of A Digital Currency

Since the starting of this year, there has been a huge upheaval in the cryptocurrency market such as the recent crypto crash in the previous month including the commencement of trading in Bitcoin futures on the Chicago Board Options Exchange (CBOE). Even Intercontinental Exchange (owner of the New York Stock Exchange) announced the establishment of a new subsidiary in association with Starbucks and Microsoft to offer federally-regulated trading of Bitcoin and other digital assets.

During this high time when so many things have popped up in the virtual currency industry, Epoch Partners Limited has forayed into the creation of the planet’s first retail public offering of a cryptocurrency and digital assets-related fund. A strict set of legal guidelines is being followed by the Cayman Islands-headquartered company regarding its public offer such as the Securities Registration Statement for the fund was filed on EDINET. This (EDINET) is the disclosure system of the Japanese Financial Service Agency as on dated September 28, 2018. The size of subscription is expected to be around US$900 million.

Being a leader and pathfinder in the digital currency and digital asset space, Japan can be called the first market to create a proper regulatory framework for cryptocurrencies and a global pioneer in this arena. According to Epoch Partners’ managing partner James Skinner, undertaking the world’s first public offering of a cryptocurrency fund in Japan has been quite influencing. Venturing of Goldman Sachs and Nomura into space proves a tremendous potential in this area, Skinner further added, as reported in the press release aired by Cision PR Newswire. As far as funding is concerned, Tokyo-headquartered Teneo Partners is said to be funding the project. The company will sell the fund in association with other security firms in Japan.

According to Forex News Now, Epoch Partners have expressed their interest to venture in the cryptocurrency market just because Nomura and Goldman Sachs had commenced looking at the entire industry with more favorable eye. This makes a more welcoming future for the digital currencies on their trading portfolios.

The post Epoch Partners Strengthen Its Presence In Cryptocurrency Market By Unveiling First IPO Of A Digital Currency appeared first on OWLT Market.

from OWLT Market https://ift.tt/2PziOVy
via IFTTThttps://ift.tt/2OlCCL9

Forex Confronts Competition With Bitcoin Due To Rapid Rise Of Cryptocurrency Market

A group of European scientists from the Polish Academy of Sciences has recently published a research that highlighted a few characteristic features of the highly developing cryptocurrency industry. They have claimed that the Bitcoin market is facing a phase of accelerated maturity that will open lots of opportunities to have viable alternatives to any traditional financial market.

Titled “Bitcoin market route to maturity? Evidence from return fluctuations, temporal correlations and multiscaling effects,” the report shows a reasonably optimistic view of the future of digital currencies. The report is prepared by the researchers of Henryk Niewodniczanski Institute of Nuclear Physics (IFJ PAN) of the Polish Academy of Sciences in a southern Poland city, Krakow.

According to the report, though the world’s largest cryptocurrency Bitcoin has experienced a substantial duration of accelerated growth, the market continued following some of the similar trends as other traditional markets, including those of other fiat currencies. The basic objective of the report is to see if the price fluctuations abided by the parameters of Inverse Cubic Law. This is a financial theory that utilizes pricing specifics to fathom market maturity. This further establishes the relationship between price fluctuations and trading activity including other factors to determine the stability of a market, as reported in the original report released by ResearchGate.

The researchers further commented that the graphs they observed initially were a tad crooked, which did not predict anything promising. While having a closer look at the data, the researchers realized that the crookedness originated from the first two years of the analyzed period since (the time) the market commenced taking shape itself. However, the rates of return fluctuated based on the inverse cubic law, as reported by Crypto Crimson.

Hence, the researchers have emphasized that the cryptocurrency market is witnessing economic transformation through their fast maturing fundamentals. As far as the market maturity of Bitcoin is concerned, Professor Drożdż said that he and his team detected multi-fractality in the functions of fluctuations in rates of return, particularly evident in the previous months of the examined period. Their reports have also tried to emphasize that its market is portraying signs of maturity by fulfilling all the required statistical parameters of a fanatically mature market.

The post Forex Confronts Competition With Bitcoin Due To Rapid Rise Of Cryptocurrency Market appeared first on OWLT Market.

from OWLT Market https://ift.tt/2NKynaX
via IFTTThttps://ift.tt/2OlCCL9

Jack Ma Expresses His Interest In Bitcoin, Says Cryptocurrency And Blockchain Can Bring Cashless Society

The Chairman of Alibaba, Jack Ma has recently expressed his special attention to the world’s largest cryptocurrency, Bitcoin and blockchain technology. He believes that these have the potential or are the key contributors for establishing a cashless society.

China is already on the way to become cashless as only a few percentages of the population make use of liquid cash or credit cards to buy products, settle utility bills and get compensation for their works. Hangzhou-headquartered a third-party mobile and online payment platform, Alipay gives its users the facility to go almost cashless. For example, an Alipay user can buy a coffee in China with a tap of a smartphone on sophisticated Point-of-Sale terminals.

Although the Chinese business giant Jack Ma is continuing to grasp the fundamental value of Bitcoin and other virtual currencies, he emphasized that blockchain technology along with cryptocurrency would play a major role in changing the society to cashless. He has reportedly been quoted by various sections of media confidently orating about the DLT technology and digital currencies. Ma said that he hates corruption and wants to see everybody equal inclusive to the money they require.

“I pay special attention to cashless society and blockchain technology. Mine and Alibaba’s job is we will move the world into a cashless society. The society can make everybody equal, inclusive to get the money they need, make sure it is sustainable and is transparent,” Ma added, as reported by CoinGape.

Not only in China but the 54-year old co-founder of Alibaba, Jack Ma is also one of the richest and most influential men in the world. Due to his charismatic way of making people understand any new subject, the listeners get convinced and abide by his words. Perhaps, his recent speech will convince people of the potential power of cryptocurrency.

“Bitcoin, the thing I want to know is that what value, what things that Bitcoin can bring to the society. But Behind bitcoin, the technology itself, is really very powerful,” Ma further opined, Chepicap noted.

In the last few weeks, the Chinese authorities have increased their regulatory pressure on domestic cryptocurrency activity, although the estimation says that the government has already invested around $3.57 billion on blockchain technology since 2016. Now it is yet to see if the government changes its viewpoint on the digital currencies when its own top business magnate is in favor of its potential and growth.

The post Jack Ma Expresses His Interest In Bitcoin, Says Cryptocurrency And Blockchain Can Bring Cashless Society appeared first on OWLT Market.

from OWLT Market https://ift.tt/2ChLput
via IFTTThttps://ift.tt/2OlCCL9

Bitcoin Is No More A Cryptocurrency In Zambia, Central Bank Declares

The cryptocurrency aficionados living in Zambia must be depressed to know that Bitcoin is no longer a legal tender in the country. Responsible for structuring and implementing monetary policies for the country’s economy, the Bank of Zambia has issued a public notice on Bitcoin and other digital currencies.

The Bank of Zambia (also considered the central bank of Zambia) was receiving lots of inquiries related to Bitcoin’s legal status in the country. Due to this momentous rise of queries related to the virtual currencies, the central bank officials thought to “safeguard the interests of members of the public and to maintain the integrity of the financial system in Zambia” with its stance on the virtual currency.

That’s the reason the bank of Zambia has clearly stated that neither Bitcoin, nor any other cryptocurrency will have legal tender anymore. It has also stated that the “central bank does not oversee, supervise nor regulate the cryptocurrency landscape. Hence, all the activities related to their buying, trading or usages are performed at the complete risk of the owners.

According to the above notifications released by South African country’s central bank, it is clearly understood the crypto enthusiasts must be aware of the risks associated with the use of cryptocurrencies. A local news report released by Lusaka Times stated some of the risks such as money laundering, online frauds or hacking with the application of crypto malwares, financial activities of terrorism to name a few. To such cases, no legal remedy will be provided to the customers due to the unregulated nature of virtual currency-related transactions.

The Head of Communications of Bank of Zambia issued a statement on its official site on Friday. According to a statement given by A Zambian economist, Chibamba Kanyama to Bitcoin.com that the digital currency market obviously developed well after the Bank of Zambia Act was instituted and there has been so far no endeavor on the part of Zambian government to revise it. Had the act was revised, the bank would have been liable for something that is outside of its domain.

One Redditor, UniqueCandy has expressed his opinion against Zambian bank’s decision saying that the planet’s largest cryptocurrency Bitcoin and other digital currencies must be embraced to make a nation developed. There are a lot of other users over Reddit who have not accepted the decision taken by the bank.

The post Bitcoin Is No More A Cryptocurrency In Zambia, Central Bank Declares appeared first on OWLT Market.

from OWLT Market https://ift.tt/2Ou9Ufl
via IFTTThttps://ift.tt/2OlCCL9