Cryptocurrencies

Bay Area Block2TheFuture Event Scheduled Aboard USS Hornet Aircraft Carrier 

 Blockchain Event April 4-6 Features 100+ Blockchain Speakers, Free Beer and Free Chicken Tikka Masala

Los Angeles – March 1, 2018 – Block2TheFuture will be holding its 2018 San Francisco Blockchain Conference April 46 aboard the USS Hornet Aircraft Carrier and Space Museum. The unique event for adults and kids aims to educate the next generation about the vast potential of blockchain and cryptocurrency, while giving all attendees actionable takeaways.

“All signs are pointing toward this being a groundbreaking three days for the cryptocurrency and blockchain world,” said Kurt Kumar from Block2TheFuture. “It’s fitting we chose an aircraft carrier for the event because we are entering uncharted waters as it did in its day. We are looking forward to kids, technologists, developers, grandmothers and crypto experts all exploring the world of blockchain together and leaving with four-to-five actionable steps that they can take home and implement right away.”

Those attending can expect to receive free gifts, such as a paperback copy of Isaac Asimov’s “Foundation Series,” Elon Musk’s biography and Nassim Taleb’s “Antifragile.” Attendees will also get a free fractional Bitcoin and enjoy free beer and chicken tikka masala.

The event is free for children and this will be the first blockchain event to actively engage children.

All-in-all over 100 speakers will be presenting at the event, including:

– Tim Draper (DFJ)

– Brock Pierce (Entrepreneur)

– H. E. Ehlil Ahmad Hakimi, Finance Minister of Afghanistan

– Dr. Larry Sanger (Everipedia and Wikipedia co-founder)

– Anthony Pompliano (Full Tilt Capital)

– Aubrey de Grey (SENS – Cure Aging)

– Justin Newton (NetKi)

– Kavita Gupta (Consensys)

– Armin Ibrahimi (Shocard)

– Lily Liu (Earn)

– Liz Steininger (Least Authority)

– Paul Walsh (MetaCert)

– Stan Miroshnik (Element Group)

– Howard Marks (Start Engine)

To learn more visit https://www.block2thefuture.com.  Join the conversation at https://t.me/BLOCK2TheFuture.

About Block2TheFuture

Block2TheFuture is a cutting-edge three-day festival aimed at raising knowledge and awareness of cryptocurrencies and blockchain technology.

All registered or unregistered trademarks are the sole property of their respective owners.

Media Contact

Michael Stevens

Block2TheFuture

541-870-9494

[email protected]

video game

Twitch streamers can now earn revenue through cryptocurrency startup Brave’s eponymous web browser.

Twitch Streamers Can Now Earn Revenue with the Brave Browser

The company, which was launched by Mozilla co-founder Brendan Eich and bootstrapped through an initial coin offering (ICO), has developed a web browser that blocks non-native advertising but allows users to voluntarily and automatically donate to their favorite published and creators as a reward for producing quality content.

On March 1, Brave Payments added support for video game live streaming platform Twitch, so streamers can now accept Basic Attention Token (BAT) contributions from fans who watch their streams using the browser. The service automatically converts BAT tokens into fiat currency through Uphold, so creators don’t have to engage with the cryptocurrency unless they so desire.

Brave added support for YouTube creators several months ago, and the company said that it has already onboarded more than 7,500 channel owners, with a combined audience of approximately 150 million subscribers.

Streamers must opt-in to the service by registering as verified publishers and then creating an Uphold account (if they want to convert their BAT to fiat).

Over the long-term Brave plans to build out its platform to reward users with BAT tokens in exchange for opting-in to non-obtrusive advertising.

Twitch Streamers Can Also Accept Nano (XRB)

Brave is not the first external platform to provide Twitch streamers with the ability to accept cryptocurrency donations from their fans.

As BlockExplorer reported, a third-party developer recently created NanoTwitch, a service that allows streamers to accept nano (XRB) donations from their viewers. The application integrates into donation platform Stream Labs, so all donations above $1 trigger an alert directly on the live stream.

Meanwhile, the official Twitch platform itself is also cryptocurrency-friendly — and has been since 2014. Customers can use cryptocurrency to pay for Twitch subscriptions by selecting the “Show more methods” button on the payment screen.

Featured Image from Pixabay

Founded in 2013 by Kangmo Kim, Louis Jinhwa Kim, and Tony Lyu, and located in Seoul, Korbit is a large Korean cryptocurrency exchange that finds itself at #13 on BlockExplorer’s top 25 exchanges of 2017 list.

Korbit has 11 trading pairs that are all crypto against KRW. Combined with its $100M+ USD trading activity, this makes it an excellent exchange for anyone looking to trade KRW against cryptocurrencies. Korbit also offers a trading API for automated trading.

 

https://buff.ly/2oHJh83 #crypto #cryptocurrency #cryptoexchange #korbit #exchangereviews #bitcoin #ethereum @KorbitBTC

Korbit

korbit cryptoURL: korbit.co.kr
Total trading pairs: 11
Deposit fees: No
Withdrawal fees: Yes, differing per currency
Trading fees:Yes, 0.0% – 0.2%
Verification: Yes, Five levels

Registration

Registration with Korbit requires you to enter your email address and a password, followed by a ‘Purpose for registering’ dropdown. And finally, there are three separate EULA-like text and checkboxes, where the first two are mandatory and the third is a copy of the second, with some slight changes. Once you have submitted the registration form, you will receive a confirmation email written entirely in Korean.

Fees

Korbit breaks its fees into the standard maker/taker scheme. Fees are determined based on your total traded in the last 30 days, calculated daily at 3 AM Korean Standard Time (UTC+9). The lowest fee tier is for traders with 100 Million KRW and below traded, with the fees being 0.08% for makers and 0.2% for takers. And the highest fee tier is for those who have traded 100 Billion KRW or more in the last 30 days, in this tier makers pay 0.0% and takers pay 0.01%.

For withdrawals, the fee is specified per currency and can be seen by hovering over an I symbol at the top right of the withdrawal page. There are no fees on deposits.

Interface

The interface is a stark white with blue highlights and black text. And interestingly, a more subtle blue has replaced the usual green used to mark a strengthening market.

The trading page lacks a chart of the currently selected cryptocurrency but has an order placement form front and center. Featured is a ‘use all currency’ button that is of questionable usability and safety. Proceeding down the page from the order form is an order book and trade history. Next is a list of your currently open orders. Balances are displayed at the top of the page, conveniently with their equivalent KRW worth slightly below them.

Verification

Korbit offers 6 verification levels, levels 0 through 5. Level ‘0’ is assigned to all new accounts. Each level grants progressively larger daily deposit and withdrawal limits and requires progressively more personal information. Trading currencies other than BTC, BCH, BTG, ETH, ETC, and XRP requires you to have obtained level 3.

You can find the requirements and benefits to each level below.

  • Level 1 and 2: 1 requires a phone number, 2 requires SMS based verification of that number.
    • Deposit: 0 KRW and an unlimited amount of crypto.
    • Withdrawal: 0 KRW and 5 million KRW equivalent on the below cryptocurrencies.
    • Trade: BTC, BCH, BTG, ETH, ETC, and XRP.
  • Level 3: Requires an address and a Korean bank account.
    • Deposit: Unlimited for KRW and cryptocurrencies.
    • Withdrawal: 300 million for KRW, 5 million KRW for some cryptocurrencies, 2 million KRW for the rest of the cryptocurrencies.
    • Trade: All currencies.
  • Level 4: An undisclosed approval process
    • Deposit: Same as level 3.
    • Withdrawal: 300 million KRW for Won and some cryptocurrencies, 15 million KRW for the rest of the cryptocurrencies.
    • Trade: All currencies.
  • Level 5: Another approval process, with the rule that your account must be at least three months old
    • Deposit: Same as level 4.
    • Withdrawal: 500 million KRW for Won and some cryptocurrencies, 20 million KRW for the rest of the cryptocurrencies/
    • Trade: All currencies.

Security

Aside from basic password authentication, Korbit does not provide any additional security features. While there is a security section to the account configuration page, it simply contains a setting to change where you land after logging in. You can select either your wallet page or the trading page.

hammer

Following months of warnings, the US Securities and Exchange Commission (SEC) has begun to crack down on initial coin offerings (ICOs) that violate federal securities laws.

Citing people familiar with the matter, the Wall Street Journal reported Wednesday that the SEC issued subpoenas to dozens of companies and advisers associated with the burgeoning ICO industry.

According to the publication, the subpoenas demanded information related to the structure of ICOs and their corresponding presales, which have collectively raised billions of dollars to bootstrap blockchain-related projects. The largest of these to date, the Telegram ICO, is expected to surpass $2 billion in the presale alone.

The SEC had made clear in past statements that this crackdown was coming. Last summer, the agency ruled that the infamous DAO tokens should have been subject to federal securities laws, confirming the SEC’s authority to police the ICO markets for tokens that should be registered with the agency.

Most ICO issuers market their coins as “utility tokens,” arguing that they are not subject to securities requirements if they are built to serve as a sort of “coupon” for a product or service.

However, SEC Chairman Jay Clayton stated on multiple occasions that virtually every ICO he had seen constituted a securities offering, even though no ICO operator has registered its token sale with the agency.

“There should be no misunderstanding about the law,” Clayton said in prepared remarks at a recent US Senate hearing. “When investors are offered and sold securities – which to date ICOs have largely been – they are entitled to the benefits of state and federal securities laws and sellers and other market participants must follow these laws.”

Notably, the SEC is reportedly investigating ICO operator’s use of simple agreements for future tokens (SAFTs), documents which many token sales have adopted in a bid to exempt themselves from ordinary securities registration requirements.

Last week, Bloomberg reported that at least 12 companies had already put the brakes on launching their ICOs after receiving inquiries from the SEC’s cyber enforcement unit.

It is unclear how far the SEC intends to carry the probe, but it will likely make startups think twice before they issue tokens — or at least devote more time and resources to legal compliance.

Featured Image from Pexels

germany

Germany’s finance ministry has determined that it will not tax bitcoin payments, allowing cryptocurrency users to make everyday transactions without the hassle of reporting and paying capital gains realized at the time of disposal.

Germany Won’t Tax Bitcoin Payments, Finance Ministry Says

The regulatory guidance, published Tuesday by the Bundesministerium der Finanzen, indicates that the country will treat bitcoin and other cryptocurrencies as equivalent to legal tender in cases when it as used as a means of payment, e.g. for the proverbial cup of coffee.

That said, cryptocurrency users must pay a value-added tax (VAT) when exchanging their coins or tokens for fiat currency at cryptocurrency exchanges, a provision designed to ensure that cryptoasset investments are treated accordingly.

To some extent, though, this provision merely shifts the cryptocurrency payment tax burden from the customer to the merchant, as most merchants convert cryptocurrencies into fiat at the point of sale. However, cryptocurrency payment processors can likely update their systems to make it simple for merchants to report these transactions.

Notably, the guidance — which was based on a 2015 European Court of Justice ruling — said that cryptocurrency miners operating in Germany will not be taxed on block rewards since the service is voluntary. Nevertheless, due to the document’s other provisions, they will incur VAT fees when they convert the rewards into fiat currency.

Similar US Legislation Fails to Muster Support

In the US, the Congressional Blockchain Caucus has drafted legislation that would have had a similar impact on legitimizing cryptocurrencies as a medium of exchange.

At present, the Internal Revenue Service (IRS) considers cryptocurrency to be “property” for tax purposes, meaning that US cryptocurrency users are legally required to maintain a detailed log of all transactions, as well as the profit or loss realized as the result of each payment. Unsurprisingly, most users do not comply with these stringent requirements.

The Cryptocurrency Tax Fairness Act, introduced last year, would have eliminated reporting requirements on transactions worth less than $600. However, a bid to add the bill as an amendment to tax reform legislation failed to garner enough support to advance.

Featured Image from Pexels