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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Electrum Publishes Proof “Electrum Pro” is Bitcoin Stealing Malware
Via Twitter yesterday, Electrum promised to publish proof that “Electrum Pro” is bitcoin stealing malware. This morning they published their proof on Github. Members of the community are advising if you used this software to move your coins now. BlockExplorer writer Armin Davis independently verified these claims.

ICO Competition With The Highest Prize Ever
This year ICO Engine is hosting an ICO Race 7 June, 2018 in Palazzo dei Congressi, Lugano. “Each ICO will have a 10-minute pitch in front of a qualified panel of judges who will make their evaluation based on: Solution of the problem, Business and Token sale model, Token Sale terms, Team, Pitch.” They go on to say, “ICOs will be ranked based on the evaluation given by the judges. Prizes are intended as purchase of the company’s tokens at the private sale price.” ICOs can register to be a part of the competition here.

Microsoft is Serious About Blockchain With Major Announcements and PRs
Despite the recent negative statements made by Bill Gates about Bitcoin, Microsoft’s interest in blockchain has been growing. Take this Microsoft Azure press release for example, “Simplifying blockchain app development with Azure Blockchain Workbench“. Microsoft’s Azure team is also now participating in NY Blockchain Week, according to WeTalkCoins.com.

Facebook’s New Blockchain Team Will Be Led by Coinbase Board Member David Marcus
Social media conglomerate Facebook has announced that it is establishing a new blockchain research team, according to BlockExplorer’s David Murray, and it will be led by a member of the Coinbase board of directors: David Marcus.

Image courtesy of Carty Sewill, http://cartyisme.com/

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News Bytes for May 3, 2018

Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Crypto Exchange BitGrail Legally Forced to Shut Down Just Three Hours After it Opens

Yesterday BitGrail Tweeted “BitGrail is pleased to announce the re-open of our exchange!” only to announce three hours later that “We have temporarily disabled the BitGrail exchange pending further notice.” Users quickly became irritable, some pondering if they were “getting robbed”. BitGrail quickly responded with a post to their web site that they were “notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision is made by the courts…”

SEC Mulls Whether Ethereum is a Security Under US Law

US regulators are cracking down on non-compliant securities issuers, and senior officials are set to meet to discuss whether that group includes the founders of Ethereum.

Telegram Scraps Public ICO as SEC Cracks Down on Token Sales

The company behind wildly-popular encrypted messaging app Telegram has scrapped plans to open its initial coin offering (ICO) to the public, says an anonymous source close to the matter.

Goldman Sachs To Open Bitcoin Trading Desk

Goldman Sachs, hiring their first cryptocurrency trader, becomes the first major Wall Street bank to open a bitcoin trading desk. Trading will start in the next few weeks, accordingly to a New York Times report.

Reddit Likely to Bring Back Bitcoin Payments, Add Ethereum and Litecoin Support

Cryptocurrency payments will likely be returning to popular social media platform Reddit, a company executive said on Wednesday.

I Gave is a new DAO (Decentralised Autonomous Organisation) that is centered around allowing users to donate Ethereum to a charitable organization. Its current implementation is open source and was launched in January 2018 and is in the form of a private testnet. I Gave’s underlying technology is Ethereum smart contracts, much like cryptokittes.

The Idea behind I Gave

I Gave allows donors to donate to charitable organizations using ethereum in exchange for a nonfungible token. This token represents a “need” for the organization. Its whitepaper gives the example of “1 bottle of water” as a need represented by a token. A specific number of the non-fungible tokens are available when a fundraising campaign is started. And the fundraiser ends either when there are no more non-fungible tokens left or when the end date of the fundraiser passes. Either way, at the end of the fundraiser, there will be no further tokens of that type issued. The whitepaper also mentions a fungible token to be used for voting on specific issues, such as marking specific ethereum addresses as ‘Partners’. Partners do not pay the fees involved in starting a fundraising campaign.

ICO

I Gave will begin with an Initial Coin Offering intended to raise at least 100,000,000 IGV (100 ETH), and at maximum 50,000,000,000 IGV (500,000 ETH). 20% of the ICO will go into a development fund, with the rest going to those that purchased the IGV.  IGV owners will be able to withdraw their ETH if the ICO fails. The ICO has two failure conditions. The first failure condition is not reaching the 100,000,000 IGV goals within the timeframe of 12 months.  And the second is up to the founder of I Gave, who can end the ICO at any time.

 

I Gave is an extremely interesting idea and seems to have a well thought out plan for rollout and long-term use.  And if it succeeds,  could be a great asset to charitable organizations everywhere.

Featured image from I Gave’s GitHub

manila philippines conference

On January 25, Manila for the first time will host Blockchain & Bitcoin Conference Philippines, an event dedicated to cryptocurrency, blockchain and ICO.

Philippines is a pioneer in the digital assets regulation

At the end of November 2017, the Philippines` Securities and Exchange Commission announced its intention to introduce cryptocurrencies in the legal field. This means that soon the state can become one of the pioneers in the field of regulating digital assets. Legislative security will positively affect the popularity of the Philippines in the crypto community.

Participants are crypto industry professionals

Crypto experts from all over the world will take part in the event: representatives of financial institutions, bankers, entrepreneurs, investors, lawyers, developers of blockchain solutions, startups and professional traders.

Guests will enjoy not only the conference, but also an exhibition
The event takes place in the format of a conference + exhibition, which simplifies the search for potential business partners. Within the conference, speakers will discuss legislative changes in the field of cryptocurrencies and tokens in the Philippines, share the experience of preparing a startup for the ICO, advise which digital assets should be invested in the new year and tell about the benefits of blockchain for business.

Representatives of the international crypto community will gather in the exhibition area: suppliers of mining equipment and farms, crypto exchanged, blockchain projects and investment funds.

The event is held by the international company Smile-Expo

The organizer of the event is Smile-Expo, the company that conducts events of the Blockchain & Bitcoin Conference network in 15 countries of Europe and Asia.

Venue: Edsa Shangri-La Hotel, Manila.

Follow the news on the official website of Blockchain & Bitcoin Conference Philippines.