Japanese Exchanges Could be Forced to Delist Privacy-Focused Cryptocurrencies

Japan’s Financial Services Agency (FSA) is ‘quietly’ pressuring local cryptocurrency exchanges to delist privacy-focused altcoins such as Monero, Zcash, and Dash.

As Forbes reports Monday, April 30, sources close to the FSA confirmed that they were taking all available steps to discourage the use of certain virtual currencies that have become attractive to the underworld because they are difficult to track.

According to the Japanese authorities, it is very difficult, if not impossible, to identify the recipients of anonymity-oriented coins via public ledgers, and that this kind of anonymity makes them ideal for money laundering.

“It should be seriously discussed as to whether any registered cryptocurrency exchange should be allowed to use such currencies,” a unnamed member of an FSA-sponsored cryptocurrency working group reportedly said in a meeting on April 10.

The FSA is particularly adverse to Monero, especially after it was reported earlier this year that North Korea may be mining the currency to raise funds.

Currently, Monero, Zcash, and Dash can be legally exchanged in Japan but there is a possibility that in the future trading in the currencies could be banned. However, in March Coincheck dropped transactions in all three cryptocurrencies with reports suggesting this was part of the company’s attempt to show better compliance standards after the January 26 hack of the exchange.

Neither Coincheck nor Monex, a Japanese brokerage which acquired the exchange earlier this month, has yet commented on why they dropped handling the three cryptocurrencies.

Source: Forklog




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The Guide To Drafting The Golden Ticket

At Blockchain, we don’t want you getting left in the dust. Our goal is to provide you with resources that explain all the inner and outer workings of your wallet, while also delivering a seamless virtual experience. To bring us closer to that goal, we want to share some “best practices” to submitting a new support ticket in hopes of optimizing the troubleshooting process. In sharing these tips, we hope to reduce the amount of time you spend frustrated or skeptical— so you can spend more time planning your trip to the moon.

1. Read through our Support Center articles

The learning curve in this industry is real, folks. We try to keep our Support Center content thorough and up-to-date in order to diminish the time you have to spend searching for answers. A lot of our posts come straight from your fingertips to ours, as we often take questions and concerns straight from the tickets that you are submitting. That being said, if there is something you find to not be sufficiently described or represented, feel free to bring that to our attention or by submitting a support ticket.

2. The devil is in the details

Make sure you include all potentially relevant information in your first ticket so we can decrease our back-and-forth and get you closer to an ideal wallet experience even faster. Depending on the issue, helpful information to send us can include:

  • Transaction hash (found in your transaction details and on Blockchain.info, etherscan.io, or blockchair)
  • Any addresses involved in the transaction
  • Time of the transaction
  • Order ID (if it’s a buy, sell, or exchange trade, found in your Order History)
  • Screenshots of the error or inconsistency you’re seeing (by holding command+shift+3 on mac, or ctrl + prnt scrn on PC)
  • A photo of the cutest kitten you can find

Okay, we’re joking (kind of) on that last one. But including the rest of this information when relevant gives us a swift head start on addressing your issue, whether it means clarifying how an aspect of our wallet works, or fixing a bug on our platform.

3. Send Screenshots in the proper format

JPEG and PNG are the only types of files we are permitted to open. Remembering to send in these formats is just one other way we can keep the gap between question + answer as small as possible.

4. Keep in mind, Blockchain does not have the ability to:

  • Access your wallet
  • Change or provide your private key
  • Change or provide your password
  • Reverse, cancel, or refund transactions
  • Freeze or suspend wallets

This is, in part, why we stress the importance of storing your backup phrase in a safe place offline and remind you to never give out any of your wallet information.

A refresher: Giving someone your 12 word backup phrase is like giving someone the key to your house. All the contents of your wallet will be exposed and potentially compromised by the person with access. Make sure to keep this string of words in a secure place offline. Please practice safe browsing, regularly update your operating system, and do not access your wallet on public WiFi. To learn more about how the Blockchain wallet works, spend some time here.

5. One ticket is all it takes

We know how frustrating an issue with your funds can be, and we want to help you alleviate that issue as soon as possible. Submitting multiple tickets on the same issue can delay our response because we need to search for and compile those tickets first. Additionally, this may cause your inquiry to be filtered as spam. Your inquiry is important to us and we will work diligently to tackle any outstanding problems as soon as possible.

6. Follow us on social media

We update our social media with relevant news, outages, and known issues our users are experiencing. To stay up to date, follow our main social media channels on Twitter and Facebook, and follow @AskBlockchain for support-related updates and information.

When it comes to opening a support ticket, the only official way to reach us is by submitting a ticket here. Any phone number, WhatsApp group, Facebook or Twitter user asking for information most likely does not have your best interest in mind.

Don’t have a Blockchain wallet? Sign up for one today.

Source: Blockchain blog




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Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

An increasing number of stores have started accepting bitcoin cash (BCH) and a few other cryptocurrencies. This bitcoin cash adoption roundup features five vendors that recently started accepting the digital currency including a brand new cafebar dedicated to 15 cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Coins Crypto Cafebar

Japan is a leader when it comes to the number of merchants accepting cryptocurrencies since its Payment Services Act, which went into effect in April of last year, legalizes cryptocurrency as a means of payment.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry ClothingA new cafebar inspired by cryptocurrencies is gearing up to open in Osaka, Japan. Coins cryptocurrency cafe and bar announced earlier this week that its grand opening will be on May 12. There will also be pre-opening events prior to that date.

The address of the establishment is Osaka prefecture Osaka-shi Naniwa-ku Nihonbashi 4-7-26 Wonder 3 Building 3F.

The cafebar has 23 seats, giving it a spacious feel “where many people can talk face to face,” the company described. “We have a large selection of foods and original goods” based on “15 kinds of [crypto]currencies, and all of the staff have names of virtual currencies,” Coins elaborated, adding that:

It is a space where you can use virtual currencies in real life.

In addition to fiat and credit cards, the cafebar currently lists the following payment options on its website: “BTC (bitcoin), BCH (bitcoin cash), ETH (ether), MONA (monacoin), LSK (lisk), XEM (nem), [and] LTC (litecoin).”

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing
Coins cryptocurrency cafebar’s uniform.

Safecast

Safecast is an international, volunteer-centered organization devoted to open citizen science for the environment. Co-founder and Director of Global Operations, Sean Bonner, shared with news.Bitcoin.com:

We design hardware and software for specific environmental monitoring…we design the hardware and make the designs open, and then our partner distributors build the kits and sell them. Kithub is our primary global distributor.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

On the organization’s website, there are links to products, such as the Safecast environmental monitoring devices including the Bgeigie nano geiger counter kit and the Safecast air quality monitoring kit, that are hosted on Kithub’s website. Kithub accepts BCH and BTC through Bitpay.

Undertech

Undertech sells concealed-carry clothing such as shirts, shorts, jackets, vests, legging, purses, holsters, safes, belly bands, and other concealment items.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

The company recently integrated Coinbase Commerce as a checkout option on the Undertechundercover website, allowing customers to pay with BCH, BTC, ETH, and LTC.

Goldsilver

Goldsilver is a website that sells precious metals, founded by Mike Maloney, a precious metals advisor and author. The site sells gold bars, gold coins, gold jewelry, silver bars, and silver coins. The company recently started accepting BCH and BTC via Bitpay.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Furthermore, “Bitcoin and bitcoin cash orders receive a 3% cash discount on all purchases,” the company detailed.

Rebecca Z

Japanese Jewelry site Rebecca Z, which sells “everyday jewelry for working women”, is now accepting BCH and BTC via Bitpay.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

“We decided to introduce bitcoin payments to simplify payment procedures,” the company explained, adding that this method will allow them to cope with the need to exchange different currencies on e-commerce sites.

What do you think of the adoption rate of BCH and other cryptocurrencies? Let us know in the comments section below.


Images courtesy of Shutterstock, Coins cafebar, Safecast, Undertech, Goldsilver, and Rebecca Z.


Need to calculate your bitcoin holdings? Check our tools section.

The post Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing appeared first on Bitcoin News.

Source: Bitcoin News




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Venezuela Certifies 16 Cryptocurrency Exchanges

Venezuela Certifies 16 Cryptocurrency Exchanges

The president of Venezuela, Nicolas Maduro, has announced the end of the pre-sale for the Petro, the country’s “cryptocurrency”. He claims it has raised the equivalent of over 3 billion dollars. Maduro has also certified 16 crypto exchanges he hopes will start listing his country’s new currency.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

16 Crypto Exchanges Certified

According to Venezuelan newspaper with government backing Correo del Orinoco, Maduro has “authorized the certification of 16 exchange houses for cryptocurrencies,” which will facilitate Petro transactions in the international market. Maduro was quoted saying during the inauguration of Venezuela Power Expo 2018 in Caracas:

The certification of these 16 exchanges is a demonstration of confidence in the system of the Petro, as a cryptocurrency, and will allow liquidity and solid transactional volume.

The news follows the announcement of Venezuela’s major crackdown on crypto exchanges and remittance businesses dubbed Operation Paper Hands.

Venezuela Certifies 16 Cryptocurrency Exchanges
Maduro talking at Venezuela Power Expo 2018.

The certified 16 exchanges are “Criptoexchainge, Criptocapital, Asesoría Financiaera CA, Italcambio, Amberes Coin, Cave Blockchainge, Valoratta Casa de Bolsa, Coinsecure.ve, Critiaechainge, Criptolago, Criptoventraige CA, Criptoactivo Menets CA, Criptoactivo Bancar CA, Criptomundo Casa de Intercambio CA, Inversiones Financieras 1444 CA, [and] Criptoactivo Criptoes,” the publication detailed. However, there is no confirmation that any of them have agreed to list the Petro at the time of this writing.

Coinsecure’s Comments

Venezuela Certifies 16 Cryptocurrency ExchangesIndia’s Coinsecure is on the list of exchanges certified by Venezuela. CEO Mohit Kalra said that “Venezuela wanted to add Petro as a cryptocurrency on Coinseure, so they can trade Petro against bitcoin and the rupee,” Business Standard reported on Saturday.

Venezuela has reportedly offered India a 30% discount on crude oil purchases if India uses the Petro, the news outlet added and quoted Kalra saying:

The offer that they have given to the Indian government is: you buy Petro and we will give you a 30 percent discount.

Maduro Claims $3.3 Billion Raised So Far

Maduro announced on Thursday the official closing of the Petro presale. He claimed that “To date, the pre-sale of El Petro has obtained 3,338 million dollars,” elaborating:

I have to report on the closing of El Petro’s first pre-sale. We closed with an amount of $3,338 million. An economic miracle. Boot The Petro!

During his speech, Maduro held up a presentation showing that the Petro has raised the equivalent of 2.744 billion euros, 208.337 billion rubles, and 21.118 billion yuan. He also announced that he will deliver inject $1 billion into the economy obtained from the Petro.

Venezuela Certifies 16 Cryptocurrency Exchanges

Furthermore, the president promised that he will continue promoting the new currency. In addition to announcing that fuel will be sold to all national and international airlines for Petro, he declared that he has signed the paperwork “to create an Industrial and Economic Investment Fund in Petro and I have already contributed, for now 8.5 million Petro equivalent of $510 million for credit loans.”

What do you think of Maduro’s strategy for the Petro? Do you think the exchanges will list the Petro? Let us know in the comments section below.


Images courtesy of Shutterstock, Coinsecure, and the Venezuelan government.


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The post Venezuela Certifies 16 Cryptocurrency Exchanges appeared first on Bitcoin News.

Source: Bitcoin News




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Japan’s SBI Unveils New Plans to Start an Exchange for Major Cryptocurrencies

Japan's SBI Unveils New Plans to Start Exchange For Major Cryptocurrencies

Japan’s SBI Holdings has reportedly unveiled new plans for its cryptocurrency exchange. The company has set a target launch date and is preparing to list major cryptocurrencies. The group’s CEO expects the new exchange to “be number one in the blink of an eye.”

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Revised Launch Date

Japan's SBI Unveils New Plans to Start Exchange For Major CryptocurrenciesSBI Holdings has updated its plans to fully launch a cryptocurrency exchange. The company had planned for SBI Virtual Currencies to launch “in the autumn of 2017 and at the latest the beginning of 2018,” Minkabu publication recalled.

However, the plan was postponed following Coincheck’s hack and the trouble with its capital and business alliance agreement with China’s Huobi Group. These circumstances led the company to refrain from fully launching the exchange even though it had already received a license from the Japanese Financial Services Agency (FSA) in September of last year.

Japan's SBI Unveils New Plans to Start Exchange For Major Cryptocurrencies
Yoshitaka Kitao.

President and CEO Yoshitaka Kitao said at a press conference this week that the company is planning to officially start the crypto exchange business in the summer, the news outlet conveyed, adding that the exchange “is not a white label of other exchanges but a self-developed” one. SBI Virtual Currencies has, however, been offering a limited service to a few customers since January 30, according to Business Insider Japan.

As for which cryptocurrencies will be supported when the full launch comes, Kitao said that “it is assumed to be major virtual currencies, [including] bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), [and] ripple (XRP),” the news outlet detailed.

Expecting to Rise to the Top

The company has been carefully considering the timing of its exchange’s full launch based on the hack of Coincheck and the subsequent change in the business environment. The publication quoted Kitao exclaiming:

When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear [the workload].

One factor that will differentiate SBI’s exchange from others is that “We set the spread to the industry minimum,” he described. The CEO is confident that this will propel his exchange to be the industry leader. “Given that the SBIFX trading spread of the group’s FX company is at the industry’s narrowest level, this is to be expected,” Minkabu commented.

Japan's SBI Unveils New Plans to Start Exchange For Major Cryptocurrencies

SBI already owns one of the largest security brokerages in Japan. “There are a total of 8.5 million accounts of financial affiliates such as SBI Securities Co. Ltd.,” the publication pointed out.

Kitao also emphasized the importance of building trust in the crypto community. To that effect, he recently assumed office as a director of the new self-regulating organization, the Japan Virtual Currency Exchange Association, which was recently established by 16 fully-licensed exchanges.

Do you think SBI’s crypto exchange will quickly become the number one exchange in Japan? Let us know in the comments section below.


Images courtesy of Shutterstock and SBI Holdings.


Need to calculate your bitcoin holdings? Check our tools section.

The post Japan’s SBI Unveils New Plans to Start an Exchange for Major Cryptocurrencies appeared first on Bitcoin News.

Source: Bitcoin News




My current recommendations:

HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported