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On Friday, Yahoo Japan confirmed that it has acquired a minority stake in a cryptocurrency exchange of Japan. According to Reuters, a subsidiary of Yahoo Japan, Z Corporation, has purchased a 40% stake in the Japanese crypto Exchange, “BitArg Exchange Tokyo,” which has the worth of almost $18.6 -$27 million. The exchange will be set to launch in the month of September, 2018.

yahoo crypto news

Rumours of Acquisition

The rumours of the acquisition first came out in March; however, at that time they showed that the investment will be made by Yahoo Japan through YJFX, which is its forex transaction platform, and not through Z Corporation.

In a statement, Yahoo Japan said:

“By utilizing the service operation and security expertise of the Yahoo group, we support the operation of exchanges operated by BitArgo Exchange Tokyo.” Yahoo Japan also added that the exchange intends to offer services for customers that are secure and easy to use.

Monex Group

Japan is considered as an industry hub as it has above three million domestic crypto-traders. The news of Yahoo Japan’s investment showed up just after days when the financial regulator of the country ordered crypto exchanges; FSHO and Eternal Link, to stop operations due to inadequate KYC procedures. Similarly, another prominent acquisition happened this month – Monex Group announced that it struck a deal to acquire Coincheck exchange, as it went through a major hack at the beginning of this year.

After the Yahoo crypto news, Monex, which is known as a major Japanese online brokerage has confirmed its acquisition of Coincheck and was undeterred even with Coincheck getting lots of criticism for negligent-security procedures the whole year that led it to the mugging of $530 million of NEM tokens from its wallet.

Even with interruptions, SB, which is a Japanese banking giant is set to launch its own cryptocurrency exchange after firming up the security measures when the FSA is considering to ramp up its scrutiny of exchanges after the theft of Coincheck. Also, Messaging giant Line, that has a market cap of more than $9 billion and has almost 600 million registered users as well as 200 million monthly active users, has also filed an application with FSA in order to launch its own cryptocurrency exchange in Japan.

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A Greater Russian Bond- Sberbank & MIT

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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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5 Advantages of Digital Currency – Is This the Currency of the Future?

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Do You Want to Become Independent of Banks?

The last few years have all been about cryptocurrencies as more and more people are becoming aware of the word. In particular, terms such as Bitcoin, Ethereum, and Litecoin are more common in the digital currency department.

Here are some of the best performers in the market:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • Litecoin
  • IOTA
  • NEM
  • Dash
  • NEO
  • Monero

 


How Are Cryptocurrencies Meant to Help You?

With the world becoming more and more economically dangerous, we are advancing towards different means of payment. This is where cryptocurrencies come in to play.  Below we’ve outlined a few pros and cons of accepting cryptocurrencies worldwide.

Advantages and Disadvantages of Using Cryptocurrencies

The benefits of using digital currency over fiat currency

  • Accessible by everyone: Out of 7 billion people, around 2.2 billion don’t have access to exchange systems, even while having cell phones and internet access. These individuals can easily access the cryptocurrency market, as there are so many mobile phone-based applications that allow you to transfer digital currencies.
  • Fraud: Digital currencies cannot be faked as real money is, and they can’t be reversed either as in credit card charge-backs.
  • Low Fees: Cryptocurrency exchanges ask for transaction fees which are quite low compared to other transaction charges, this is in return given to the miners as a reward for mining a block.
  • Identity Theft: There is no such issue with cryptocurrencies as identity theft since you are not revealing any personal information. It is a simple process, involving a public and private key.
  • No Third Party: Cryptocurrency transactions do not revolve around any central authority, it is completely independent. You are in control of your money.

In the end, technology is already here, it’s just a matter of acceptance. You must be able to weigh out the good and bad and decide what is the better choice for you. Cryptocurrencies are becoming an easier option of payment for many users since they’re fast as well as secure. If the above advantages are convincing and you’re wishing to buy some bitcoins or any other cryptocurrencies, then follow the link below.

Related: How to Buy Bitcoins?

 

Story Credits: ameerrosic.com

Image Credits: google.com

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Buying Bitcoins Through Xcoins – Is the Service Legitimate?

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Buying Bitcoins Through Xcoins

Xcoins is a Bitcoin lending service. It allows you to buy bitcoin with a credit card or PayPal. Lately, there has been too much talk about Xcoins and whether is it legit to buy bitcoins with this service.

In this article, we have discussed all the aspects of Xcoins to help you understand the concept of the service, and whether it is legit to buy bitcoins through Xcoins.

Buying Bitcoin with PayPal Through Xcoins:

Due to the possibility of chargeback fraud – and the lack of support for Bitcoin from PayPal itself, it’s extremely hard to buy bitcoins with PayPal. Xcoins, on the other hand, have exploited this problem and claim to have found a solution in which the coins are loaned instead of getting sold to the clients.

In order to buy bitcoins through Xcoins, the users go to the site where they do an ID verification. After the verification process, they’ll be required to deposit:

  • USD equivalent to how much they want to borrow
  • PayPal/credit card processing fees
  • A fixed amount that acts as the interest on the loan

The site claims to have competitive fees due to their lenders competing against each other for the best possible rate. However, in most cases, the interest rate is fixed at 15% – which could possibly be the lowest interest rate offered by Xcoins. Interestingly, it’s still way higher than what most Bitcoin exchanges offer.

Trading Bitcoins on Xcoins:

Xcoins is not just a buying service – you can also sell/lend coins on the site. To do so, you must decide how much you are willing to loan, and then deposit the amount into your Xcoins account. The amount must be in USD.

Once the deposit is made, the system will automatically direct you to the buyers and they will deposit the money directly into your PayPal account.

Pros and Cons of Xcoins:

The major pros and cons of Xcoins include:

Pros:

  • The quick purchase of Bitcoin either through Credit Card or PayPal.
  • Easy sign-up.

Cons:

  • Slow refunds – can take up to a week or longer.
  • Support staff is not active – even on working days. If you send them an email, expect the response to come in at least two days.
  • Constant complaining to their Support can result in a permanent ban.
  • If you do not dispute your charges, they will disable your ability to buy bitcoins.
  • If you purchased some coins but the lender is not willing to release them, you will still be charged.

Conclusion:

From buyer’s perspective – Xcoins isn’t stable enough for large purchases. Also, the fees are extremely high in comparison to other exchanges. However, if your only option to buy Bitcoin is PayPal, then Xcoins is the way to go.

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Famous and rich people’s reviews about bitcoin

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Famous and rich people’s reviews about bitcoin

Reviews about bitcoin is the most interesting topic ever. As we know that bitcoin has its own worth. In that case, richest people of the world are not dumb. They know the trend of the financial markets. In the same way, richest people of the world seems interested in bitcoin technology. Some of them also give positive reviews about bitcoin world and do some transactions.

Few perks of bitcoin review are, no banking agony, no transaction’s fee even less inflation. In this article, I’ll tell you about the reviews of richest persons in the world about bitcoin technology.

Bill Gates

The founder of Microsoft and the richest person in the world said that ‘’ bitcoin is better than the currency “which means he accept the bitcoin. As we know that Bill Gates foundation works on the serious social issues of the society.

As he said, they help to poorer how to have no excess to the banks. Ironically, if they have, then transactions fees don’t let the enough amount. In that scenario, they need to send and receive money in an easy way. For example, everybody in the world knows the use of mobile phones. People know how to utilize themselves with this technology.

The only solution of this inflation is the use of digital currency. Bitcoin is the most dominant contestant in the list of digital currencies. He completely focusses on the present situation of poorer. His reviews about bitcoin are, “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than the currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Which clearly proves that next era is bitcoin era. Including banks and financial institutions are going to change infrastructures as well.

Warren Buffett

He is the second richest person in the world. CEO of Berkshire Hathaway stats ‘’ yeah it is a very fast money order anonymously’’.

Dr. Eric Schmidt

He is executive chairman of Google and also holds a Ph.D. in computer science with the wealth of $8.3 million. He admires that the currency with no duplicate in digital currency, useful for many computer applications. In fact, most of the people do business with bitcoin. Which clearly means that people’s trend about payments and buying goods has to change to the digital system.

As he states, “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has an enormous value”.

Richard Branson

He is a founder of the virgin group comprising more than 400 companies. Richard seems to interested in bitcoin investments and also support it.

He clears the thing that bitcoin is the future.

“If people have lots of bitcoin and they want to go to space, I much rather they spend that money on a spaceship.”

Conclusion

Above discussion describes the trend of a financial market about bitcoin. A large number of richest persons are interesting to invest in bitcoin.

Tags: how to make money with bitcoin

 

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Chinese Blockchain Industrial Park The Beginning Of A New Era

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It is a fact that with the passage of time the uses of blockchain technology have witnessed a tremendous increase. China is on the top of the list in this regard. Main reason behind it being that China is the hub of tech startups. Due to so much importance of China several companies have been trying to launch setups for their upcoming blockchain technology chains in China. Recently JD.com announced plans to launch its accelerator program for artificial intelligence and blockchain startups in Beijing this February. And now the launch of a Chinese Blockchain Industrial Park is in the news. This project will be backed by a 10 bln yuan fund which will be partially backed by the Government.It is also being reported that well-known Bitcoin (BTC) investor Li Xiaolai and Blockchain “celebrity” Lao Mao, will be two of the managers of the fund.

latest blockchain news

According to latest blockchain news the above mentioned fund was announced on April 9, during the opening of the Hangzhou Blockchain Industrial Park China. This fund is named as Xiongan Global Blockchain Innovation Fund financed by the Yuhang District Government. Thirty percent of these funds would be government-guided. The fund will be managed by the Hangzhou Haoyu Investment Management Co. and the Future Science & Technology City Administrative Committee. Hangzhou city in Zhejiang province, home to e-commerce giant Alibaba. This industrial park will also serve as an incubation center for the startups.

History of Hangzhou Haoyu Investment Management

Hangzhou Haoyu Investment Management is mainly comprised of two big names, the Handan Investment and INBlockchain. The previous projects of these two companies included:

  • EOS
  • Qtum
  • Zcash

The fund’s announcement and the opening of the blockchain industrial park has played vital role in further establishing the position of Hangzhou. The government in Hangzhou has already portrayed the blockchain technology as the most advanced innovation. Even it has been ranked just behind artificial intelligence and virtual reality in most cases.

Regulatory Uncertainty

The announcement of that fund has hit the news  just weeks after the plans for an international Chinese Blockchain Center were cancelled over legal technicalities. Despite a wave of enthusiasm, all those companies must deal with the regulatory uncertainty in China with respect to blockchain technology and crypto industry. No doubt these restrictions a part of the Chinese Government strategy to control capital outflow and corruption. This is the sole reason behind China’s strict actions against cryptocurrencies and initial coin offerings.

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