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According to a Bloomberg report, a list of strategies for the regulation of ICO (Initial Coin Offering) has been released by the a research group at Tama University, in Japan. The list also explains strategies to fully legalize the ICOs.

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Guidelines for ICO Regulation

The list of guidelines includes regulations for:

  • Tracking project development
  • AML (Anti-Money Laundering)
  • Identifying investors
  • Protecting the debt holders and current detachment

The Financial Services Agency of Japan will be cautious on the proposal, as it could be ultimately made into the law just within few years’ time, Bloomberg reported.

The paper creates issuance rules, for example; defining and revealing methods following the development of white papers, and disclosing the possible impacts on debt holders, shareholders, and token investors. In addition to that, the paper specifies particular trading rules, including:

  • Verification of customer’s identity
  • Suitability (Know Your Customer)
  • The allowance of industry’s wide-minimum standards on the listing of tokens.
  • The restriction of biased trade practices such as insider trading.

Regulations will be Applied to Three Types of ICOs

While acknowledging that it is quite hard at this time to classify the whole legal ICO, as many are impending, the unidentified types might be still present. According to the paper, the rules will be applied to only three types of ICO:

  • A large company type for in-house.
  • A venture company type.
  • An ecosystem type of joint exertions with numerous firms or government entities.

In the report, ICOs are clearly identified as securities and have the same position as the US SEC (Securities and Exchange Commission).

According to a researcher, Kenji Marashima:

“ICOs are groundbreaking technology, so if we can implement good principles and rules, they have the potential to become a new way to raise funding.”

One mentor of the study group is Takuya Hirai. He is a member of the leading Liberal Democratic Party, as well as, one of the planners of a regulation legalizing crypto-exchanges in Japan. Other members of the group are:

  • Yuzo Kano, who is the head of bitFlyer Inc., which is the largest Bitcoin exchange in Japan.
  • Mitsubishi UFJ Mizuho Financial Group Inc.
  • Financial Group Inc.
  • Sumitomo Mitsui Financial Group Inc.

The publication of these ICO-friendly guidelines is set against the positions of South Korea and China, as last year, both of these countries banned ICOs.

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Bitcoin Price Analysis 2017 – The Drop in Bitcoin Value is Not Real

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Marc Kenigsberg, The CEO of JamWorx states that the Recent drop in the Bitcoin price is a slight retreat from the highs of 2017. In Kenigsberg’s views, there are two main factors which are causing to reduce the value at the moment: Some of the speculative money invested in the last few months by some external investors have reserved off the tables as profits.
The market is still behaving to Bitmain’s threat strategies and the threat of a possible hard fork as a reprisal for UASF.
Bitcoin is ultimately almost 150% YTD and I’m not worried at all. Obviously, the basics are strong and the demand for Bitcoin is increasing.

Image Credits: coinjournal.net

What Is the Best Time to Buy More Bitcoin?

Marc also describes that the merchant adoption for Bitcoin is at all-time high and the ecosystem is analyzing record amount of everyday transactions.

Furthermore, an extensive interest is in Bitcoin as a way of payment and there is a fundamental understanding of what it can do.

Marc also explained that if more merchants will accept Bitcoin, then more people will use it and more people will want to get it than ever before. The increased price of Bitcoin is a correction of the aspects that underestimated the price of Bitcoin.

He also advised the community that not to sell Bitcoin and hold them since the price of Bitcoin will surely go high soon.

He further recommended as now is the best time to buy more for everyone that can. From his thinking, a price tag of $2500 may seem an expensive to people today, but it is going to look cheap in a year from now.

Did Speculation Push the Price of Bitcoin?

Marc disagreed that the last price rally of Bitcoin was just because of the speculation. Moreover, he explained that there is a speculation in almost every currency of market but it was not the key factor to increase the price. He also described that the increased price has been the main catalyst for the speculation.

He believes that the world is going to accept and understand Bitcoin as an effective payment method and this is the point which is driving the price up.

Story Credits: Cointelegraph.com

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How to secure your Bitcoin Wallets

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How to secure your Bitcoin Wallets

If you are going to do transactions through bitcoin, then you need a wallet. Without any wallet, you are unable to do that. For transactions purpose, you have to download or create secure bitcoin wallet address. The most important thing is, how you can secure your wallets from scams.

Wait …. Wait…

Here, we will discuss your wallet security but first, you have to know about wallets and types of it. Some of them are;

  1. Online bitcoin wallets
  2. Bitcoin hardware wallets
  3. Software wallets
  4. Paper wallets

Each wallet has its own characteristics. Like, you can do low-cost transactions by using online bitcoin wallet. i.e. COPAY available on IOS & on all windows. If you need to secure your transaction process you also can use bitcoin hardware wallets. i.e. ledger Nano, Trezor, OpenDime, etc. In addition, paper wallets are private keys printed from the offline computer.

Security terms for bitcoin wallets:

As, we know that, there is no middle authority to control the transaction process. The margin of risk at your end is too much high. Especially, when your transactions are in billions. At that point, you need crystal clear and transparent transaction system. I am here, to provide you complete detail about the security of your money. Because there are a large number of scams in the market.

Don’t be afraid, there are many secure ways for your money transactions. By keeping these points in mind, you can keep your spending habits private.

Keep separate wallet with strong password:

There are a large number of wallets/addresses for your bitcoin Then, to protect your wallets from scams, encrypt it with the strong password.

You can use paper wallet and hardware wallets for savings. Whereas, for daily expenses, use mobile, window wallets.

Protect your privacy:

you, then download the whole blockchain like bitcoin core or armory. Never ever tell your private key to anyone.  Bank account number is equitant to your wallet address, then, your private wallet key is your pin.

Don’t re-use the wallet addresses:

Today’s wallets use a new address for each transaction. Which makes the easy way to group transactions, difficult or totally insane decision of taking or re-use the address as in group transaction.

Backups:

Users of bitcoin should keep the backup of his/her wallets in the different form.

Instructions are depending on your client. For example, the desktop client is used to store your bitcoin wallets. In the case of fire or water damage, you need to keep your backups in separate physical form.  For extra protection of paper, wallets are to write in metal form.

Web wallets side effects:

There are more than 100 cases of hacking of bitcoin wallets. Web wallets should be used in daily spending. For the sake of saving bitcoins, you need cold storage.

Brain wallets:

These wallets are another example of cold storage wallet. Basically, it is the combination of numbers and words you keep in your brain. When you are going to enter passphrase into a site, you’ll get your private key.

Tags: Most secure Wallet

At the end…

Above all is the short discussion to secure bitcoin wallets address as well as bitcoin. Once you take the step in bitcoin revolution then it is not difficult to maintain its wallets.

GOOD LUCK!

 

 

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Will Pantera Fund Succeed, Even if Bitcoin Flops?

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As the first U.S. Bitcoin investment firm, Pantera Capital mainly focuses on tokens and projects related to crypto assets. Its chief executive officer, Dan Morehead (CEO) recently claimed that even if bitcoin fails, the Pantera fund would still not disappoint the crypto investors and they would continue to make money.

The above-mentioned words of Morehead were a part of his statement, which was included in a letter sent to Pantera’s investors. According to Dan Morehead in case any bad luck they could even make use of Pantera’s ICO Fund. Though Pantera´s ICO Fund lost about 25 percent of its value last year, it is still up more than 200 percent of its value since its creation. Pantera Capital is famous for exploring and growing digital coin ventures.

pantera fund

Facts behind Pantera’s Success Strategy

After its huge success with Bitcoin, Pantera has expanded its mode of investments to buy other digital tokens. Most prominent one of these is the Pantera Digital Asset fund, which currently holds 25 cryptocurrencies. Many of these tokens were introduced through the ICOs (initial coin offerings).

Advice For The Investors

A letter was sent to the investors by Morehead in which it was noted that if bitcoin fails, the hedge will still work well. Taking an example of Pantera’s ICO Fund, he highlighted that it’s going to be still positive for them. In his letter, Dan Morehead, advised investors to have 1 or 2 percent of their portfolio invested in blockchain technology. He further explained that he was not certain either blockchain will be able to make a return of 20,000% again or not.

It was also revealed by Morehead that he is optimistic about ICOs, as he expects their thriving success to be similar to the 90s IPO boom, however it’s much bigger if they’re compared. ICOs have been under pressure lately, as dozens of subpoenas have been issued by the US SEC (Securities and Exchange Commission).

The Bitter Example Of Amazon

Morehead further elaborated his point by presenting the example of Amazon. If someone remembers, Amazon was a major investor behind Pets.com. Although the company was filed for bankruptcy, Amazon CEO Jeff Bezos still managed to earn an intense amount of wealth due to his innovative set of strategies.

According to Morehead this was only because Bezos’ investment strategy was to put his money in more than one companies, and he did so to make sure that he had exposure to the ultimate winners.

After the bankruptcy of Pets.com, Amazon’s shares came down to 4,000 percent which still is a handsome amount and that’s why Bezos is one of the richest people on earth as he’s still worth over 130 billion dollars.

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