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One of the biggest arms in Russian investment disc and the largest bank in the corporate and investment banking business of Russia, Sberbank CIB implemented the first of its kind blockchain based commercial bond transaction in the country. Joining hands with Russia’s telecoms expert MTS and the National Settlement Depository (NSD) smart contracts have been placed using commercial Rouble-denominated bonds.

blockchain bond

The Bond Deal

Sberbank CIB was the main organizer of the event. Sberbank was the main buyer of the issue of MTS bonds. Bonds have the maturity term of 6-months and the total sum of RUB 750 million. The annual rate of the bond in the OTC market stays at 6.8%.

The blockchain bonds technology was completely provided and supported by NSD. A full Delivery versus Payment (DVP) settlement model was based on blockchain bonds. This enabled a laidback transfer of securities and funds simultaneously. It is based on Hyperledger Fabric 1.1 to carry out the transactions.

Commercial bonds are placed on an over-the-counter (OTC) market through the private subscription. These commercial bonds are unsecured fixed-income securities.

The system implemented is highly transparent, including bond placement, circulation and record keeping. The system only operates using digitalized assets making it extremely secure and sheltered.

All the three entities had access to the transaction into the blockchain platform. Including the issuer, the central depository, and the investor. Considering all the obligations and necessities of the Russian legislation in dealing with all the accounts was made necessary. Confidentiality was kept foremost priority in dealings throughout.

All the participants could transfer and exchange the documents online and check the subsequent transaction’s status in the actual time it occurred. The full execution of the deal was able to be seen, from the placement of the bonds to the receiving of the cash.

This collaboration between the MTS and the Sberbank CIB is the first of its nature which enabled blockchains and blockchain bonds to gain the status of an industrial technology which accelerated securities settlement and certified confidentiality.

The initiators claim that the main aim is to an exemplary digital asset accounting infrastructure joining hands with market leaders. Infrastructure plays a crucial role for institutional investors to enter the market and for the increase in market’s capitalism and market’s successful development. The infrastructure plays an essential role in the flourished market growth.

Future Plans

Sberbank has already shown interests in blockchain projects previously. Last year the executive member of the company announced that the bank is in process cooperating with the Russian Federal Antimonopoly Service (FAS) on a project which is on a distributed ledger technology (DLT).

The delay in the project is mainly because of some unsolved and pending matters including some slow interaction of blockchain applicants. The Sberbank CIB has though forecasted great hopes and high expectations from the initiative. He also declared involvement of the bank in further other blockchain based projects.

Sberbank has also announced its blockchain laboratory which will develop blockchain based solutions. It will carry out pilot projects, product prototypes and implement applied business solutions for Sberbank CIB.

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Get The Best Online Casino Bonus and Promotions

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Today bitcoin technology is the mainstream of the financial market. Everyone knows the limited supply of the bitcoin but everyone wants the bitcoin as well. You can earn Bitcoin by playing games. In addition, different bitcoin casino sites offer incredible promotions. Also, these promotions packages are connected to your holidays and vary from time to time.

There are few casino promotions offers on the market.

Free Spins Friday (BetChain):

BetChain is the strongly focused on the bitcoin community. The casino is now going to host “pocket dice” as well. BetChain casino offers 1000+ different bitcoin games. In addition, this number is more than any other bitcoin casino brand. Games include:

  • Blackack
  • Roulette
  • Baccarat
  • Card games
  • Poker games
  • Dice

BetChain is offering these best online casino promotions for every single week. here,

You need to know:

  • BetChain offering free spin to its player on every Friday.
  • You have the option to receive up to 50 free spins
  • There is no need to redeem

Free Spins Tuesdays LimoPlay:

On each Tuesday, you have an option to spin and win. The reason is Casino offering 25 free spins to its players on the game of FruitZen and Bomanji. Here,

You need to know:

  • Deposit of at least $/€/£20 or 0.2 BTC
  • Bet at the same amount
  • Wow! This is done. You earned 25 free spins on both games (FruitZen and Bomanji)

Slot Wars from BitStarz:

BitStarz gives surprises to its top players. They can win 5BTC or 500EUR. It’s all depends upon the player’s capacity. Here,

You need to know:

  • Top 15 Bitcoin wagers and top 10 EURO wagers are making a leaderboard
  • Produce more points toward slot wars the more you bet
  • Follow the leaderboards on site’s online casino promotion page

Weekend Cashback from 7BitCasino:

On weekend, 7BitCasino offering its players a second chance to play cashback. Here,

You need to know:

  • Get up to 10% cashback up to €25 / 0.07 BTC
  • First priority of Payment is in BTC than USD and EURO
  • 1 cashback is tolerable per person each weekend

High-Roller Games at Fun Casino:

Fun-Casino adds high roller games to its players. List of games is continually growing on. Here,

You need to know:

  • There are 2000BTC bankroll are available for these games
  • Bets and wins are higher than regular Casino games
  • Minimum limit of the bet is 1 BTC for high roller games

10 BTC Weekly Giveaway at Fortune Jack:

Fortune Jack is offering 10 BTC as a reward, more as compared to the other Casino games offers. What,

You need to know:

  • Leaderboards are split into the different slot categories.
  • First, 5 players of each category will get reward
  • Prizes will announce on weekly basis

Goldenstar Casino Lucky Weekend Bonus:

Imperial players of the Goldenstar Casino is rewarding weekly reload bonus.

What you need to know: 

  • On Friday, Saturday or Sunday, you need to make the deposit of EUR 20 / USD 20 / RUB 1000 / 0.03 BTC
  • Use your bonus code and get 50% bonus
  • The bonus is for all players. Just make at least 3 deposits

mbit Amazing VIP Offers:

  • It all depends on the stamina of playing a game. By playing more games, you might become VIP player and will have the opportunity to win more.
  • Players have the option to win incredible prizes such as cash prizes, vacations or another electronic price
  • you win? or you lose …. This is not a big deal. You just play a game and become VIP player of the Casino.

Goodluck!

 

 

 

 

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Bitcoin Will Hit $20,000 Before Halving

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Michael Spencer, CEO of NEX Group Plc, a financial expert, sees bitcoin’s value achieving $20,000 before reversing steeply, joining the unit of financial pioneers who claim bitcoin is just a bubble.

Spencer revealed to Bloomberg TV’s Guy Johnson in London that he has no clue if bitcoin’s cost will twofold before it halves, yet said it could hit $20,000 “truly damn rapidly.”

Spencer admitted that digital forms of money are here to stay, but also said that bitcoin is just a bubble.

In July, Spencer said he lean towards Ripple and Ethereum to bitcoin and that he may present NEX trading platforms for cryptographic forms of money. The issue with any bubble, he stated, is that you don’t know whether it will double up before it halves.

Buyer markets usually hit a point where everybody is bullish, he stated, and he doesn’t think bitcoin has achieved this point. , acknowledging that bitcoin has wide energy, Spencer said there are signals that it isn’t an ideal time to put resources into it just because others are doing so.

However, He Gave Thumbs Up To Blockchain:

Spencer, in the same way as other bitcoin naysayers, is optimistic about blockchain’s future, taking note of that it has enormous implications that reach out past the financial markets.

He said blockchain could be used to provide constant settlement of securities transactions.

The fact that an innovation has implication in numerous industries where it can enhance efficiencies does not mean the positively trending market “can’t move on a bit,” he stated, hinting bitcoin.

Spencer additionally addressed the unpredictability of stocks, Brexit, and other money-related themes. NEX Group’s offers tumbled before in November after the asserting economic situations were making challenges for its post-trade administrations and electronic trading.

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Is Buying Ethereum a Good Move – Top 10 Reasons to Buy Ethereum in 2017

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Ethereum is one of the leading cryptocurrencies in the digital world. In fact, it’s the second most popular cryptocurrency after Bitcoin. The technology used to develop Ethereum algorithms is same as Bitcoin, and this is the main reason why these two function in a pretty much similar way.

Now, the question that comes to the mind is: if both Bitcoin and Ethereum are similar in nature, what makes the purchase of Ethereum more sensible over the purchase of Bitcoin and other cryptocurrencies?

In this article, we have discussed 1o reasons why buying Ethereum over makes more sense. Let’s give them a read!

Reasons to Invest/Purchase Ethereum Over Bitcoin In 2017:

  1. Quick Transactions:

The Bitcoin network has recently gained the reputation of being slow. According to the news coming out of Bitcoin community, this is due to the increased volume of transactions on the network. The slow confirmation time has left the Bitcoiners extremely annoyed and agitated. On the other hand, Ethereum offers transactions that are much faster. For an insight, the average Ethereum transaction time is 12 seconds in comparison to 10 minutes of a Bitcoin transaction.

  1. Smart Contracts:

‘Smart Contracts’ is a unique feature of buy Ethereum. It is basically an exchange mechanism which holds the precise records and assists two untrusted parties to make a direct exchange. These Smart Contracts reside in Blockchain and are autonomous to third party influence.

  1. Ethereum Is Open Source:

Ethereum algorithms are open source, which means any programmer/developer can access the code without having to go through permissions regarding the improvement of the code. The biggest advantage of Ethereum’s being an open source is that it allows the collaboration of projects between different sectors of industry that are based on Ethereum. As a result, the projects become seamless and more Integrative with each other.

  1. No Third Party Involvement:

Using Ethereum allows you to avoid dealing with third parties such as banks, lawyers, etc. The transactions do not depend on any intermediaries. The only thing they are dependent on is the Ethereum network.

  1. Compared to Traditional Banking, The Security Is Much Higher:

Our traditional banking system creates transactions on a monthly basis. The code of these transactions is stored in a bank’s computer and there are validations and approvals by the central authority. On the other hand, the code for Ethereum transactions is stored on participating computers. These computers forward this code to the network’s nodes – making the transaction environment secure.

  1. Ethereum Virtual Machine:

If you remember, we discussed ‘Smart Contracts’ in the earlier part of the article. The Smart Contracts needs a specialized environment to function: Ethereum Virtual Machine is that environment! The EVM gives all the projects running on Ethereum network a common base and provides them with a standard set of instructions. Some of the major programming implementations of EVM are Ruby, Java, C++, Python, and Haskell.

  1. No Transaction Fees!

Due to the availability of EVM for Ether transactions, all the account objects reside in a common execution environment. The communication between these accounts takes place via transactions. The code gathered from these accounts helps confirm/ignore a transaction. If the code is correct, the transaction will be confirmed. Else, it will be ignored. Since all of this is the responsibility of network, no transaction fees are needed.

  1. Ethereum Is Highly Stable:

One of the biggest advantages of Ethereum is that it is highly stable, has organic growth, and does not have massive spikes in price fluctuations. Besides, Ether provides the common folk with a low-cost alternative to other cryptos. Moreover, despite having encountered a number of cyber-attacks, the Ethereum blockchain still remains in huge demand to the customers. All thanks to the high stability!

  1. The Transactions Are Immune to Frauds:

Ethereum transactions are fraud less. The decentralized nature of Ethereum allows no tempering or data loss while using the network. Moreover, the network does not allow anyone – even a programmer or data miner – to destroy the record of a transaction that has already happened.

  1. Transactions are Permissionless:

Ethereum transactions are permissionless as there is no central node in the network. Everyone can make a transaction on the network. All they have to do is install the software and they are good to go.

Wrap Up:

These are the top 10 advantages of Ethereum. In conclusion, the currency offers some unique advantages and, is perfectly safe to use, or to make an investment. If you are looking to start a crypto venture, Ethereum is the best option to take off. Good luck!

Tags: why buy ethereum, bitcoin vs other cryptocurrencies

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Bitcoin Is About To Go Wild And No One Can Control It – Says The Expert

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According to Massachusetts Secretary of the Commonwealth, William Galvin, Bitcoin is dangerous for investors because it’s subject to manipulation. He issued a warning against the cryptocurrency in December for Massachusetts state just like the one that his office issued in the 80’s against Apple.

Mr Galvin said that Bitcoin is a subject to manipulation because none of us can explain it. Neither any of us can explain precisely when and from where these profits are coming and going. According to Mr Galvin, there’s no question about it, as it’s clearly a bubble. People are investing in it because they believe that they’re going to make lots of money by just investing in this.

bitcoin news today

He also warned that he has seen many bubbles for centuries but this one certainly succeeds. He thinks that by simply adding the word Blockchain to your name, a company entirely dissimilar could go up so it’s clear that’s it’s a wide mania and a bubble.

 

Bitcoin’s highest price was last seen just before the Christmas at $19,000. During the Christmas holidays, the cryptocurrency fell down below $13,000 for four days constantly. Although its value changed back to $16,000 after Christmas, but it has since decreased once again. According to Coindesk, on December 29, bitcoin is now valued at $14,211.86.

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Why Bitcoin Is Wonderful (In 2 Minutes) – Vanessa Collette With Mike Maloney

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