Connect with us

Blockchain

Republic of San Marino grows its blockchain committee with appointment of AmaZix tokenomics expert

Published

on

San Marino, the tiny enclave in North Italy is the latest country committing to blockchain innovation. Its latest rules around blockchain regulation were ratified by the San Marino Government last week. The Republic of San Marino sees its small size as an advantage- the progressive government can now offer regulatory certainty and a legal framework for companies working in blockchain – as demonstrated by the decree just issued.

The Government has given the state-owned company, San Marino Innovation, responsibility as its blockchain Regulatory Authority. San Marino Innovation is building a committee of world-class advisors to create a hub of blockchain innovation.

The committee is looking at the regulatory issues, and the consequent legislation that has to be enacted in order to welcome businesses in the sector. With the results of its work, it will form a framework for those who want to develop the digital ledger technology within the Republic’s perimeter, incubating startups and attracting joint corporate innovation projects.

To bolster its efforts, it has appointed José Maria Macedo as its tokenomics expert. José currently works at the crypto advisory firm, AmaZix, where he holds the position of head of advisory.

Sergio Mottola, President of San Marino Innovation, said: “San Marino is ideally placed to become a global blockchain hub. By nurturing this disruptive technology, The Republic wants to become a leading country in blockchain technology, backed by favourable regulation and legislation that attracts and incubates innovative startups, as well as enterprise companies which wish to trial digital ledger technology, creating an environment in which their digital economy ideas can thrive.

“We have sought global experts to help build our vision, and we are pleased to add José Maria Macedo, partner at AmaZix, to the committee as our tokenomics expert, and to advise on blockchain regulation and policy.”

José Maria Macedo, Partner and Head of Advisory at AmaZix, said: “It’s an honour to have been selected to join the committee of San Marino Innovation. With the backing of the Government of the Republic, it is building an ecosystem that will attract the best blockchain businesses from around the world and secure San Marino’s place as a leading global blockchain hub.”

The post Republic of San Marino grows its blockchain committee with appointment of AmaZix tokenomics expert appeared first on CryptoNewsReview.

Source: https://cryptonewsreview.com/republic-of-san-marino-grows-its-blockchain-committee-with-appointment-of-amazix-tokenomics-expert/

Blockchain

How to use a Bitcoin ATM in 2020?

Bitcoin ATMs are the new trend in 2020. ATMs allow Bitcoin to fiat withdrawal and more. ATMs also allow Bitcoin buy and sell options. With digital currency on the rise, the need for automated teller machines (ATM) is a mandatory requirement of consumers. Currently concentrated in the North American region, more and more countries are […]

Published

on

How to use a Bitcoin ATM in 2020? | Cryptopolitan

585

SHARES

3.2k

VIEWS

  • Bitcoin ATMs are the new trend in 2020.
  • ATMs allow Bitcoin to fiat withdrawal and more.
  • ATMs also allow Bitcoin buy and sell options.

With digital currency on the rise, the need for automated teller machines (ATM) is a mandatory requirement of consumers. Currently concentrated in the North American region, more and more countries are joining the bandwagon. Very much similar to regular ATMs, Bitcoin versions enable buying, selling, and sometimes exchange into other currencies as well.

Bitcoin ATMs offer a regulated platform ensuring FinCen (Financial Crimes Enforcement Network) required compliance of adhering to KYC (know-your-customer) and AML (anti-money-laundering) laws. It drives away the volatility usually associated with cryptocurrency and provides users with high-end security of confidential data and digital assets with minimum obligations as compared to digital exchanges that make users go through meticulous procedures for simple transactions. There are about 56 manufacturers with working ATMs installed across the globe.

How to use a Bitcoin ATM?

Purchasing Bitcoins through ATM is a fairly easy process of entering one’s registered mobile number following by entering the authentication code received via SMS and finalizing the transaction by scanning the QRcode on the soft wallet in the mobile app.

Bitcoin wallet that includes a confidential key (Bitcoin address) is what one needs to transfer Bitcoins through Bitcoin ATMs. Options of hardware and software wallets are readily available using which bought crypto funds are transferred to preferred recipients.

Trading away Bitcoins is just as simple as buying them. Selecting the sell Bitcoin option on the Bitcoin ATM followed by entering the registered mobile number followed by scanning one’s ID and take it forward by mentioning the amount of BTC you want to sell. 

You are halfway thereby scanning the QR code and receiving a message confirming the receipt of the entered amount by the ATM. Finally, navigate through the redeem ticket option and pickup conventional currency against the digital ones sold.

It’s a bit of a process but that also goes for the regular ATM machines too. Nevertheless it is well suited to new players in the field.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Continue Reading

Blockchain

Analysis: ETH Miners Begin Selling as Twitter Sentiment Turns Bearish

Published

on

Recent data revealed that Ethereum miners have disposed of significant ETH holdings following the latest price jump towards $420. Additionally, the Twitter sentiment has turned rather bearish for the second-largest cryptocurrency after the consequent price drop.

ETH Miners Initiate Sell-Offs?

Ethereum miners, the lifeblood of the current proof-of-work consensus algorithm behind the Ethereum blockchain, have perhaps gained the most from the ongoing decentralized finance craze.

As CryptoPotato reported recently, they made a total of $166 million in fees in September alone. This was a new monthly all-time high and about six times more than Bitcoin miners.

ETH Miners Behavior. Source: Santiment
ETH Miners Behavior. Source: Santiment

As far as their balances go, they began accumulating larger portions precisely at the start of September, as the graph above illustrates. Apart from a few brief drops in their holdings, the trend continued until a few days ago.

However, as ETH’s price surged to a 7-week high of $420, miners changed their minds. The data analytics company Santiment highlighted the massive drop of ETH miners’ holdings.

Interestingly, those sell-offs coincided with ETH’s price peak. Since then, the second-largest digital asset by market cap has lost some steam and currently trades below $400.

Further Losses To Come?

Despite being one of the best-performing assets since the start of the year, Santiment’s data suggested that Ethereum may be heading even further south. Apart from miners disposing of their ETH coins, the analytics company said that the traders FOMO and the increased on-chain activity visible recently have slowed down.

Additionally, the Twitter sentiment has turned against Ethereum. Somewhat expectedly, the sentiment performs in correspondence with the price most times. For example, when ETH dipped to about $300 in September, the metric remained in negative territory for weeks.

Contrary, when ETH started pumping, so did the sentiment. Now, the trend has reversed after a sharp spike. The analytics company concluded that since the crowd sentiment has flipped back into bearish territory, the ETH token could be in for further short-term price declines.

Ethereum Twitter Sentiment. Source: Santiment
Ethereum Twitter Sentiment. Source: Santiment
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).


Source: https://cryptopotato.com/analysis-eth-miners-begin-selling-as-twitter-sentiment-turns-bearish/

Continue Reading

Blockchain

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

Published

on

[PRESS RELEASE]

Boca Raton, Florida, ChainWire – October 27, 2020 Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights.

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom.

meta1

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty.

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions are dropped or settled. If similar actions were perpetrated by non-governmental entities, there would be a basis for legal claims and damages, however government agencies are shielded by sovereign immunity laws which generally protect them from lawsuits.

Since legal actions by government agencies are sporadic, as they often involve disparate parties and lengthy investigations, the cumulative effect of their efforts is usually not seen by causal observers. META 1 will collaborate with other cryptocurrencies who have been targeted for baseless legal claims by government agencies to develop a class action-level case file that will demonstrate the cumulative actions of government agencies in an easy-to-view, compiled format.

META 1 Coin Trust will form a commission, in partnership with other cryptocurrencies, to formally research and study the results of findings via expert interviews and legal research. Once the findings are documented, legal counsel will be consulted about possible class-action efforts to potentially seek remedies from cumulative damages incurred as part of a clear pattern of targeted abuse and persecution.

Dunlap added, “We hope that government agencies will notice our efforts to highlight their unfair targeting of cryptocurrencies, so they stop these unethical tactics and allow the crypto community to live and conduct business in peace without the threat of constant harassment. We respect governments’ need to ensure law and order and to protect people’s safety. At the same time, we expect governments to also respect the individual liberties and livelihoods of law-abiding people, which is currently the issue we’ll be investigating.”

META 1 encourages any cryptocurrency issuers or coin holders who have been subjected to government agency actions in the past to contact META 1 to be a part of this study, via the company’s website contact page at:

www.meta1.io/META1Contact

About META 1 Coin Trust:

META 1 is an asset-backed cryptocurrency that was founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances the cause of human rights and leads the fight against excessive government regulation and overreach in the jurisdiction-less ecosystem of global cryptocurrency.

META 1 is also a socially conscious company that envisions a future filled with abundance and prosperity for humanity instead of overreaching lockdowns, taxation and regulations.

For more information about META 1 Coin Trust, visit: www.meta1.io

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).


Source: https://cryptopotato.com/meta-1-coin-trust-announces-commission-to-study-global-persecution-of-cryptocurrency-projects/

Continue Reading

Trending