The US is titled as the 22nd most Bitcoin-friendly country in the world.
So, if you ever plan on setting up an exchange or a business regarding bitcoin, the US might offer you the right market. However, many Americans would look at this rather disappointedly because they believe that they’re unable to keep up with the technology or business industry as compared to other nations.
Well, here are 10 of the most bitcoin-friendly cities in America.
business regarding bitcoinAt the top, we’ve got San Francisco, California
Los Angeles, California
New York, New York
San Diego, California
And last but not the least, Washington DC.
So will you be paying any of these places a visit? Let us know in the comments section below.
Tags: Bitcoin info, which country uses bitcoin, bitcoin accepted countries
Story Credits: steemit.com
Image Credits: steemit.com
Riot Blockchain is a former biotech company. It also has the honour to be the first mover on the NASDAQ. Riot has now its full focus on investments in cryptocurrency and blockchain startups with great success rate. It intends to gain exposure to the blockchain ecosystem with its targeted investments. For the time being Riot Blockchain has its core attention on the Bitcoin and Ethereum blockchains. It has also launched its own Bitcoin mining operation.
Surprising Announcement by Riot Blockchain
At last Riot Blockchain has surprised the financial world by its sudden announcement according to which it may launch a crypto exchange in US. In a public filing Riot Blockchain stated that it just had intentions to investigate the launch of a digital currency exchange in the US. It also stated that this will also act as a futures brokerage firm.
Riot has also recently signed a letter of purchase for owning the Miami-based Logical Brokerage Corp that is registered with the Commodity Futures Trading Commission. It is also a member of the National Futures Association, and also acts as an industry trade group.
Reason Behind This Decision
When asked about the reason behind this decision, John O’Rourke, Chairman and CEO of Riot Blockchain stated that Riot took that step because it discovered a crucial market requirement of increasing options for digital currencies within the United States. He further stated that Logical Brokerage will help to provide a trustworthy platform to manage specific service in the relevant market.
Journey from Bioptix to Riot
In fact Riot was not a part of the crypto-business from the start. It was previously known as Bioptix. It has established its identity as a veterinary products patent, no doubt during that period it had developed new ways to test disease.
It was in September when Bioptix made an investment in a cryptocurrency exchange for the first time. Right after two months it purchased a company that had real life cryptocurrency mining equipment. After that the company name was changed from Bioptix to Riot Blockchain and it progressed continuously in the crypto-business. However, switch of business and change of and the company’s name were not the only questionable moves. Riot Blockchain was the first newly born firms to give rise to rumours due to its unexpected turns and swirls into the flourishing business of cryptocurrency and blockchain ecosystem. And all this happened during last year’s dramatic fourth-quarter rally.
However, according to some critics the fact cannot be ignored that Riot’s cryptocurrency exchange plans are at its best right now and it will be quiet unexpected to see them postponed in the future.
Like regulators in a number of countries, the Philippines Securities and Exchange Commission (SEC) has been increasing its concern over cryptocurrency related investments. It has recently warned a cryptocurrency investment platform because it offered unregistered securities. The firm known as Onecash Trading, recruits’ cryptocurrency traders as their affiliate members and promises to reward them in local currency, whenever they recruit new members of the same scheme for Onecash Trading.
According to that SEC alert, the firm Onecash Trading has been promising potential investors returns of 200 percent interest over eight weeks. Though its registered headquarter is not known. Onecash claims its global coverage of services across 73 different countries. In a statement issued by SEC, it was said that the firm is offering unregistered securities to investors in the Philippines.
SEC thereby warned the public that such investment schemes are not secure whether they offer traditional currency use of money or cryptocurrencies such as bitcoin, ethereum, litecoin, dash, monero or any other such digital currency. It was also stated that all such transactions are considered as securities subject to the regulatory authority of the SEC.
It was further stated that any person involved with promoting, selling and recruiting investment services for Onecash, no matter if he is a salesman, dealer or agent, the person will face prosecution and serious penalties up to 5 million pesos ($270,000) or imprisonment of up to 21 years.
Suggestions for Online Traders
The SEC has also shown its concerns that many online trading platforms appear to investors as SEC-registered and regulated companies or firms while in fact they are not. In the same way, many of these firms sometimes call themselves as exchanges, giving the pseudo impression that they are being regulated by national securities exchange. To cancel any chance of further fraud in this regard the SEC has devised a pack of rules in the light of which online traders should ask the following questions before they decide to trade digital assets:
- Is your firm registered as a national securities exchange?
- Can any information be found in FINRA’s BrokerCheck about any individuals operating your firm?
- How do you ensure safety of your users’ trading and personal information?
- What kind of measures you take against cybersecurity threats?
- What kind of other services are provided by your firm?
- How does your firm select assets for its digital trading?
- Who can trade on the platform?
- What is the trading criteria for your platform?
- How do you set prices for your platform?
- Are all the users treated equally or not?
- Is your firm registered with the SEC for all the above-mentioned services?
The SEC hopes that the above measures would cancel any chance of fatal fraud in the online cryptocurrency related investments.
Bitcoin is a peer to peer currency which does not have any physical form. In other words, it’s a virtual currency. The currency is stored in Bitcoin wallets.
There are several forms of Bitcoin wallets – most common ones being desktop wallets, mobile wallets, online wallets and hardware wallets.
The goal of this article is to provide you with the necessary information about all these forms of wallets. So let’s get started with knowing what is a Bitcoin wallet are and what are the different types of it.
Desktop wallets are compatible with different desktop applications and each of them offers different features. For example, Hive is an OS X-based wallet which includes app store that connects directly to Bitcoin services.
Another example of desktop wallets is Bitcoin Core which relays transactions on the network and enables you to create a Bitcoin address for sending/receiving virtual currency.
Some desktop wallets are particularly designed to gain enhanced security. Armory is a prime example of such wallets.
Desktop wallets are handy, but only when you are at home. If you are out on the street, they are of no use. And this is the reason as to why these wallets are falling out of favor.
On the other hand, mobile wallets are more useful as everything regarding your bitcoins is just one tap away.
It doesn’t matter where you are, whether it’s a physical store, park or just a random street, if you have access to the internet, you can access your Bitcoin wallet and make transactions on the go. Some of the common bitcoin mobile wallets are Xapo, Mycelium, and Blockchain.
These wallets keep your bitcoin keys encrypted on the phone and also back it up on a web-based server.
Online wallets store user’s private key online and link it to mobile/desktop wallets. One of the biggest advantages of online wallets is that they can be accessed from anywhere regardless of which device you are using.
However, there is one major drawback: If a user fails to implement them correctly, it will put the organization running the website in charge of his private key which eventually takes his bitcoins out of his control. That could be a risky move, especially if you collect a lot of bitcoins.
Some examples of the best Bitcoin wallets online are:
Coinbase operates worldwide. Users in the United States and Europe can also buy bitcoins through Coinbase exchanges.
learn more about how to buy Bitcoin with Coinsbase.
Circle offers the feature to send, receive, store and buy bitcoins.
This service offers hybrid wallet which lets the users encrypt their private keys before sending them to its servers.
And Hardware Wallets:
Hardware wallets are dedicated devices that are used to facilitate payment and store private keys. Some examples of these wallets are Trezor Hardware Wallet and Ledger USB Wallets. These wallets are easy to carry in your pocket and can be physically moved from one place to another.
In a recent interview, the estimated $90 Billion worth, second richest man on earth tried to knock Bitcoin again. Bill Gates was later met with great criticism by the early Bitcoin investor, Tyler Winklevoss. In a recent tweet after listening to the Gates interview, Winklevoss dared him to short Bitcoin as he claims.
Its almost a decade Bitcoins have been around, but the Bitcoin came widely under the mainstream not before until late 2017. After a steep rise of Bitcoins’ value from $5,800 to nearly $20,000 within four weeks, it showed people around that this is the ‘new wave of future’.
Despite the huge interest in this digital, electronic alternative to government-issued money, their acceptance in the system has been slower. They are still not used as consistently and reliably for buying services and goods as frequently. People are more prone to hold this cryptocurrency as a digital asset than as means of a transaction. High volatility, minimal adoption, and high transaction fees have slowed down the Bitcoin’s embracement and adoption as a regular form of money.
‘Greater Fool Theory’ Investment
Bill Gates has always come up with strong criticism and disapproval regarding this Bitcoin. On several occasions, he opted for the opportunity and bashed the cryptocurrency. Bill Gates accuses Bitcoins to be worthless and ‘greater fool theory’ type of investment. He further there is nothing being produced or generated here so, you shouldn’t expect anything to rise high in the regard.
Gates has come up with very strict and naïve views about the currency lately. Regarding the misuse of the digital currency in illegal and unlawful dealings in drugs and other things, he directly alleges the Bitcoin to be responsible for the deaths and menace.
Joining the hatred league, other big names of the wall street has also some serious and grave remarks for Bitcoin. Names like Warren Buffet called Bitcoin ‘rat-poison squared’, while his partner Charlie Munger associates trading Bitcoins as trading ‘feces’.
Despite saying the cryptocurrencies, ‘crazier, speculative things’, Gates acknowledges the importance and worth of the Blockchains. After a continuously lambasting Bitcoin, it is very much clear that Bill Gates is not on the Bitcoin bandwagon, nor is he becoming one any time sooner.
Gates also states that he at some time back received Bitcoins on his birthday, and later sold them understanding and realizing they were of no such use and credibility.
Crypto ‘Twin Guard’
The early Bitcoin holder twin and the founder of cryptocurrency exchange– Gemini, sour heartedly took the whole incident. After the harsh statement, Tyler Winklevoss bashed Bill Gates in a direct tweet. Winklevoss pointed out the claim that it is easy to short Bitcoin and he should put his money where his mouth is.
It is not the first time Tyler has bashed and dared someone to short Bitcoins. The CEO of JPMorgan Chase, Jamie Dimon was dared before too, to short Bitcoins before after he claimed Bitcoin to be a fraud. Jamie Dimon later expressed his regret for making that statement.
Being very critical about the Bitcoins and the whole scenario, Winklevoss twins hold strong statements against these wall street titans spilling negating about Bitcoin and other cryptocurrencies. The twins see this whole scenario as the failure of imagination by these wall street personals. They believe they are too old to understand the whole Bitcoin phenomena and their emergence. According to the twins, these Bitcoin opponents are very small ‘privileged minority’ who have an easy access to their resources, money and bank accounts.
Last year, respective Bitcoin futures market was launched by Chicago based CBOE and CME. This enabled a short selling for Bitcoin. This process may be a little less straightforward than a more traditional asset, but technically there are others ways too. Maybe Gates understood it.
According to another assumption, maybe Bill Gates wasn’t really clear on the way to short Bitcoins and he finds it too naïve and awkward to follow. Or maybe he just doesn’t really follow the whole protocol behind this cryptocurrency and Bitcoin gig.
Still, that doesn’t seem to stop and refrain the noted Bitcoin bull twins for striking and daring back these wall street personalities, which are all bashing cryptocurrencies and all these gaudy vocal detractors of Bitcoin happen to consist of the richest names in the world.