Topic: How is Nilecoin successful? - page 2. (Read 871 times)
I have read 2 Ann about Nilecoin, but I still have not found out in detail about this project, be it a website that explains about this project and whitepaper
🛠️🛠️🛠️ ANNOUNCEMENT: NILECOIN SYSTEM MAINTENANCE PLAN
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Dear NILECOIN investors,
🛡️🛡️NilecoinTeam would like to make an announcement related to our system maintenance as follows: From 19:00 (UTC: -07: 00) 5/16/2018 to 00:00 (UTC: -07: 00) 5/19/2018, we would like to perform maintenance on the entire Nilecoin system.
👉Remark:
- No operations can be performed on nileoffice.com, Nilechain.info and Nilecoin Mobile App during the maintenance. When visiting these sites and App, you will see a maintenance announcement.
- Uncompleted transaction should be completed before the start date of the maintenance.
👉This maintenance will provide a totally new turning point. The old Nilecoin system will be replaced with an absolutely new Nilecoin system in details as follows:
1. All users and your account balances will be synchronized with the new system.
2. Other data on the old system will be changed, including wallet addresses.
3. Mining on Mobile devices will be integrated with the new system, thus speeding up and completing the system.
👉Why is it required to perform maintenance and head for a new system?
With the plan announced to the investors right from the initial stages of Nilecoin project, Nilecoin developer team has been trying to build up, complete and upgrade the Nilecoin systems in order to gradually enhance the security, transparency and reduce transaction fees on the system. On the world of Digital money with the daily updated technical and technological advances, we have already captured and conducted researches on advanced development, thus building a new system to replace and synchronize with the old antiquated Nilecoin system.
The new system has been completed and tested on Testnet with the following remarkable functionality:
1. Increase the block size from 1MB to 4MB
2. Optimize the fees of each transaction
3. Increase the transaction speed (unlimited number of transactions)
4. Complete the mining system with the algorithm against the 51% attack, and especially enable Mobile mining
5. Make changes in reward mechanism in such a way that bring more benefits to the miners, thus increasing the number of nodes on the system so that it can operate in a totally secure way.
⚙️We would like to perform the maintenance and transformation under scheule as well as notify you right after it has been completed.
💡Support email: [email protected]
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Regards,
NilecoinTeam.
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Dear NILECOIN investors,
🛡️🛡️NilecoinTeam would like to make an announcement related to our system maintenance as follows: From 19:00 (UTC: -07: 00) 5/16/2018 to 00:00 (UTC: -07: 00) 5/19/2018, we would like to perform maintenance on the entire Nilecoin system.
👉Remark:
- No operations can be performed on nileoffice.com, Nilechain.info and Nilecoin Mobile App during the maintenance. When visiting these sites and App, you will see a maintenance announcement.
- Uncompleted transaction should be completed before the start date of the maintenance.
👉This maintenance will provide a totally new turning point. The old Nilecoin system will be replaced with an absolutely new Nilecoin system in details as follows:
1. All users and your account balances will be synchronized with the new system.
2. Other data on the old system will be changed, including wallet addresses.
3. Mining on Mobile devices will be integrated with the new system, thus speeding up and completing the system.
👉Why is it required to perform maintenance and head for a new system?
With the plan announced to the investors right from the initial stages of Nilecoin project, Nilecoin developer team has been trying to build up, complete and upgrade the Nilecoin systems in order to gradually enhance the security, transparency and reduce transaction fees on the system. On the world of Digital money with the daily updated technical and technological advances, we have already captured and conducted researches on advanced development, thus building a new system to replace and synchronize with the old antiquated Nilecoin system.
The new system has been completed and tested on Testnet with the following remarkable functionality:
1. Increase the block size from 1MB to 4MB
2. Optimize the fees of each transaction
3. Increase the transaction speed (unlimited number of transactions)
4. Complete the mining system with the algorithm against the 51% attack, and especially enable Mobile mining
5. Make changes in reward mechanism in such a way that bring more benefits to the miners, thus increasing the number of nodes on the system so that it can operate in a totally secure way.
⚙️We would like to perform the maintenance and transformation under scheule as well as notify you right after it has been completed.
💡Support email: [email protected]
------------------------
Regards,
NilecoinTeam.
After one day of launching, a blockchain-based application on WeChat was suspended
WeChat, a Chinese messaging app, a social media, and an intermediate payment application developed by Tencent, has suspended a third-party Blockchain application to initiate agreements with users, according to local news site Caijing reported on May 9.
Xiao Xieyi, a small showcase launched on last Wednesday, will allow users on WeChat to create contracts and unique social media IDs using Blockchain technology. This app aims to ensure reliability and authenticity of users’ content and identities.
According to Caijing, Xiao Xieyi users can encrypt and record agreements on the Ethereum-based network with a small fee. However, less than a day after the app came into work, the content of the program has been suspended for violating user policies.
The question here is that why let it launched then suspended it? Is it the policy of China that banned blockchain and its applications that caused the situation? Or because of the lacked licensing procedures for operating new apps of Wechat?
#NIL
NilecoinTeam
WeChat, a Chinese messaging app, a social media, and an intermediate payment application developed by Tencent, has suspended a third-party Blockchain application to initiate agreements with users, according to local news site Caijing reported on May 9.
Xiao Xieyi, a small showcase launched on last Wednesday, will allow users on WeChat to create contracts and unique social media IDs using Blockchain technology. This app aims to ensure reliability and authenticity of users’ content and identities.
According to Caijing, Xiao Xieyi users can encrypt and record agreements on the Ethereum-based network with a small fee. However, less than a day after the app came into work, the content of the program has been suspended for violating user policies.
The question here is that why let it launched then suspended it? Is it the policy of China that banned blockchain and its applications that caused the situation? Or because of the lacked licensing procedures for operating new apps of Wechat?
#NIL
NilecoinTeam
Binance CEO support ICOs
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Changpeng Zhao, CEO of Binance, claimed that ICOs are the easiest way to crowdfunding and expressed his support for ICO.
Changpeng Zhao also said that ICO works better than the traditional one.
He stated that "ICO can raising fund 100 times easier than traditional mobilization."
Through my own experience and researching hundreds of projects, ICO do make fundraising easier and more efficient.
However, Zhao acknowledged that the current ICO model has yet perfected as there are frauds remained and the risk is still high. Still, it has already surpassed the traditional model in success rate. CEO Binance also believes that compared to traditional investment projects, the ICO has a higher success rate. ICOs is mostly for new projects and has high risk. But the difference here is that investors are aware of and willing to take the risk.
Zhao concludes that investors are gradually putting their bet on ICOs rather than the traditional one.
NilecoinTeam
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Changpeng Zhao, CEO of Binance, claimed that ICOs are the easiest way to crowdfunding and expressed his support for ICO.
Changpeng Zhao also said that ICO works better than the traditional one.
He stated that "ICO can raising fund 100 times easier than traditional mobilization."
Through my own experience and researching hundreds of projects, ICO do make fundraising easier and more efficient.
However, Zhao acknowledged that the current ICO model has yet perfected as there are frauds remained and the risk is still high. Still, it has already surpassed the traditional model in success rate. CEO Binance also believes that compared to traditional investment projects, the ICO has a higher success rate. ICOs is mostly for new projects and has high risk. But the difference here is that investors are aware of and willing to take the risk.
Zhao concludes that investors are gradually putting their bet on ICOs rather than the traditional one.
NilecoinTeam
The team members should be listed on the website. It's hard to totally believe when I do not have a good know about the team - that should be the first thing on the website.
Dear Nilecoin Investors
Nilecoin Internal Exchange has been open for almost a week now, do you have any difficulty using it?
For those who have yet known, Nilecoin Internal Exchange is integrated into the Nileoffice system as mentioned in our latest announcement. Please visit https://www.nileoffice.com to make a transaction!
-If you have any questions, please let us know by sending emails to [email protected]. Thank you!
-Nilecoin Internal Exchange Guidance: http://nilecoin.org/document/how-to-trade-on-nil-exchange.pdf?v=1
NilecoinTeam
Nilecoin Internal Exchange has been open for almost a week now, do you have any difficulty using it?
For those who have yet known, Nilecoin Internal Exchange is integrated into the Nileoffice system as mentioned in our latest announcement. Please visit https://www.nileoffice.com to make a transaction!
-If you have any questions, please let us know by sending emails to [email protected]. Thank you!
-Nilecoin Internal Exchange Guidance: http://nilecoin.org/document/how-to-trade-on-nil-exchange.pdf?v=1
NilecoinTeam
Bitcoin moves at a rapid pace - Good news for investors
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Bitcoins are trading at $9.246,95.
Many analysts have conducted the same statement that Bitcoin's decline in the past two months is caused by investors selling a large amount of cryptocurrency to pay off taxes for last year profit. Fundstrat Global Advisors' Tom Lee estimates that US households need to pay $ 25 billion (tax) to the tax department. He predicted that Bitcoin would recover after the tax day ended and the peak will be around $ 20,000.
Lee also said in a note for investors that " the U.S. tax day is behind us (April 17th) and since then, the overall tone in the crypto market has improved. We believe the ‘winter’ is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading .”
In addition, Bitcoin increased sharply is partly because of loosening policies and open investment environment from major financial institutions in the world.
" policymakers should keep an open mind and work toward an even-handed regulatory framework that minimizes risks while allowing the creative process to bear fruit," statemented in an article from The Guardian by Christine Lagarde, chief executive of the IMF.
Lagarde has presented this recommendation in IMF's annual meeting this week in Washington, amid regulatory authorities in many countries are still figuring out how to manage the Cryptocurrency - the type of asset designed to transact without the need of authorizing of any Central bank.
#NIL
#NILECOIN
NilecoinTeam
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Bitcoins are trading at $9.246,95.
Many analysts have conducted the same statement that Bitcoin's decline in the past two months is caused by investors selling a large amount of cryptocurrency to pay off taxes for last year profit. Fundstrat Global Advisors' Tom Lee estimates that US households need to pay $ 25 billion (tax) to the tax department. He predicted that Bitcoin would recover after the tax day ended and the peak will be around $ 20,000.
Lee also said in a note for investors that " the U.S. tax day is behind us (April 17th) and since then, the overall tone in the crypto market has improved. We believe the ‘winter’ is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading .”
In addition, Bitcoin increased sharply is partly because of loosening policies and open investment environment from major financial institutions in the world.
" policymakers should keep an open mind and work toward an even-handed regulatory framework that minimizes risks while allowing the creative process to bear fruit," statemented in an article from The Guardian by Christine Lagarde, chief executive of the IMF.
Lagarde has presented this recommendation in IMF's annual meeting this week in Washington, amid regulatory authorities in many countries are still figuring out how to manage the Cryptocurrency - the type of asset designed to transact without the need of authorizing of any Central bank.
#NIL
#NILECOIN
NilecoinTeam
India’s Central Bank has been taken to court due to its cryptocurrency crackdown
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India’s complicated relationship with cryptocurrencies and firms dealing with them has now reached the courts.
On April 22, the Delhi high court issued a notice to the Reserve Bank of India (RBI) after a petition challenged the banking regulator’s April 06 order barring lenders from doing business with cryptocurrency exchanges. The RBI directive told banks to wind up their existing business relationships with such firms by July this year, signalling the end of the road for several entities in the Indian virtual currency ecosystem.
The petition was filed by Kali Digital Eco-Systems, which had plans to launch its own cryptocurrency exchange, CoinRecoil, in August 2018. The Ahmedabad-based firm has challenged the RBI order on two grounds: Under Article 19(1) (g) of the Indian constitution, which allows citizens to enjoy the right to carry on any occupation, trade, or business; and Article 14, which prohibits discrimination and mandates equal protection under the law for all.
Besides the banking regulator, Kali’s petition also includes the government of India and the goods and services tax (GST) Council. The petition states that it’s the government that has empowered the RBI to take such drastic measures against exchanges, and the GST Council hasn’t yet formulated the requisite rules for digital currencies, causing the present situation to arise.
The next hearing of the case is scheduled for May 24.
The Narendra Modi government, meanwhile, has set up a committee under Subhash Garg, secretary of economic affairs in the finance ministry, to prepare a draft law for bitcoin and other cryptocurrencies. The panel’s report is likely to be submitted by March 2019.
NilecoinTeam
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India’s complicated relationship with cryptocurrencies and firms dealing with them has now reached the courts.
On April 22, the Delhi high court issued a notice to the Reserve Bank of India (RBI) after a petition challenged the banking regulator’s April 06 order barring lenders from doing business with cryptocurrency exchanges. The RBI directive told banks to wind up their existing business relationships with such firms by July this year, signalling the end of the road for several entities in the Indian virtual currency ecosystem.
The petition was filed by Kali Digital Eco-Systems, which had plans to launch its own cryptocurrency exchange, CoinRecoil, in August 2018. The Ahmedabad-based firm has challenged the RBI order on two grounds: Under Article 19(1) (g) of the Indian constitution, which allows citizens to enjoy the right to carry on any occupation, trade, or business; and Article 14, which prohibits discrimination and mandates equal protection under the law for all.
Besides the banking regulator, Kali’s petition also includes the government of India and the goods and services tax (GST) Council. The petition states that it’s the government that has empowered the RBI to take such drastic measures against exchanges, and the GST Council hasn’t yet formulated the requisite rules for digital currencies, causing the present situation to arise.
The next hearing of the case is scheduled for May 24.
The Narendra Modi government, meanwhile, has set up a committee under Subhash Garg, secretary of economic affairs in the finance ministry, to prepare a draft law for bitcoin and other cryptocurrencies. The panel’s report is likely to be submitted by March 2019.
NilecoinTeam
Announcement: Opening Internal Exchange
Dear Nilecoin Investors,
- Nilecoin Internal Exchange will officially open on April 20th, 2018, serving the purpose of trading BTC and ETH.
- Also, we are delighted to send you a guidance about NIL Exchange operations:
Link tutorial: http://nilecoin.org/document/how-to-trade-on-nil-exchange.pdf?v=1
- NIL Internal Exchange will be integrated into the Nileoffice system, which will also be added some new feature. Please visit https://www.nileoffice.com to make a transaction.
Best regards,
NilecoinTeam
Dear Nilecoin Investors,
- Nilecoin Internal Exchange will officially open on April 20th, 2018, serving the purpose of trading BTC and ETH.
- Also, we are delighted to send you a guidance about NIL Exchange operations:
Link tutorial: http://nilecoin.org/document/how-to-trade-on-nil-exchange.pdf?v=1
- NIL Internal Exchange will be integrated into the Nileoffice system, which will also be added some new feature. Please visit https://www.nileoffice.com to make a transaction.
Best regards,
NilecoinTeam
The largest Bitcoin Exchange in the world
💫💫💫💫
Recent data from the Japan Financial Services Agency show a great interest of Japanese investors in crypto, with 3.5 million active traders in the country.
The survey was conducted from 17 Japanese Crypto Exchange, indicating that the most traded crypto was BTC, ETH, XRP, BCH, and LTC. Most crypto traders are between the ages of 20 and 40, of which 34% are in their 30s.
Over the past three years, the value of Bitcoin has risen from $ 22 million in 2014 to $ 97 billion in 2017. At some point in the same period, investors witnessed an unbelievable rise from $ 2 million to $ 543 billion. This could be the Golden Mark for both Bitcoin and Cryptocurrency Exchange.
Japan is currently the world's largest Bitcoin trading market. The Government also has their eyes and hands over the Crypto Exchange, maintaining sustaining growth in a controlled environment. Certainly, Japan will be the most promising market for the bright future of Cryptocurrency.
NilecoinTeam
💫💫💫💫
Recent data from the Japan Financial Services Agency show a great interest of Japanese investors in crypto, with 3.5 million active traders in the country.
The survey was conducted from 17 Japanese Crypto Exchange, indicating that the most traded crypto was BTC, ETH, XRP, BCH, and LTC. Most crypto traders are between the ages of 20 and 40, of which 34% are in their 30s.
Over the past three years, the value of Bitcoin has risen from $ 22 million in 2014 to $ 97 billion in 2017. At some point in the same period, investors witnessed an unbelievable rise from $ 2 million to $ 543 billion. This could be the Golden Mark for both Bitcoin and Cryptocurrency Exchange.
Japan is currently the world's largest Bitcoin trading market. The Government also has their eyes and hands over the Crypto Exchange, maintaining sustaining growth in a controlled environment. Certainly, Japan will be the most promising market for the bright future of Cryptocurrency.
NilecoinTeam
Today April 16, Bitcoin price has bounded over $8,100.00
According to CoinMarketCap, Bitcoin is trading at $8,147.05 with an increase of 20% within a week. This is the highest price recorded since Mid March. The total market capitalization will reach 350 billion USD in 2 months after it has been recorded at 335 billion USD.
Bitcoin is predicted to keep increasing in price and NILECOIN price will surely increase, too. Let’s wait and see.
NIL
Nilecoin
According to CoinMarketCap, Bitcoin is trading at $8,147.05 with an increase of 20% within a week. This is the highest price recorded since Mid March. The total market capitalization will reach 350 billion USD in 2 months after it has been recorded at 335 billion USD.
Bitcoin is predicted to keep increasing in price and NILECOIN price will surely increase, too. Let’s wait and see.
NIL
Nilecoin
Increase in crypto price and crypto maket value of 22.2%
According to Coinmarketcap, Bitcoin price suddenly increased to $7,806.44. One of the largest Cryptocurrency investment funds stated that this would be the right time to buy Bitcoin.
Bitcoin price unexpectedly increased by 1,000 USD for 30 minutes to pass through 7,000 USD after consecutive plunges.
The price gains represent a 12 per cent increase since this time yesterday and a 14 per cent increase week-on-week. In the last year, bitcoin has risen by over 500 per cent in value. The total cryptocurrency market cap for the last 24 hours has increased by 310.4 USD, equal to 15% since 24 hours ago. For the past 7 days, the cryptocurrency market cap has grown by 22.2%.
Today’s rise doesn't appear to be driven by any significant news stories. However, some advocated that it is the changes in investors’ mind that led to the increase.
Matt Greenspan, a financial analyst, claimed that Wall Street crypto investment will eventually trigger a stabilization in price. He said: “Definitely Wall Street is getting involved and they are building the bridges as we speak, whether they are going to go full on bull or full on bear, we don’t know. But the important thing is that they’re ready to take on and to inject new liquidity into this market which at least should even things out and stabilize the price.”
However, Cooper, the head of mobile in startup fintech Revolut told The Independent that the investors were advised to be careful with Bitcoin’s temporary rise.
Let’s wait and hope that Bitcoin will come back to its peak as it did in 2017.
#NIL
#NilecoinTeam
According to Coinmarketcap, Bitcoin price suddenly increased to $7,806.44. One of the largest Cryptocurrency investment funds stated that this would be the right time to buy Bitcoin.
Bitcoin price unexpectedly increased by 1,000 USD for 30 minutes to pass through 7,000 USD after consecutive plunges.
The price gains represent a 12 per cent increase since this time yesterday and a 14 per cent increase week-on-week. In the last year, bitcoin has risen by over 500 per cent in value. The total cryptocurrency market cap for the last 24 hours has increased by 310.4 USD, equal to 15% since 24 hours ago. For the past 7 days, the cryptocurrency market cap has grown by 22.2%.
Today’s rise doesn't appear to be driven by any significant news stories. However, some advocated that it is the changes in investors’ mind that led to the increase.
Matt Greenspan, a financial analyst, claimed that Wall Street crypto investment will eventually trigger a stabilization in price. He said: “Definitely Wall Street is getting involved and they are building the bridges as we speak, whether they are going to go full on bull or full on bear, we don’t know. But the important thing is that they’re ready to take on and to inject new liquidity into this market which at least should even things out and stabilize the price.”
However, Cooper, the head of mobile in startup fintech Revolut told The Independent that the investors were advised to be careful with Bitcoin’s temporary rise.
Let’s wait and hope that Bitcoin will come back to its peak as it did in 2017.
#NIL
#NilecoinTeam
Coincheck officially sold for $ 33.5 million to Monex
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Monex, Japan's No. 3 Online Brokerage Platform, has officially entered the digital currency market by an acquisition with Coincheck for 3.6 billion yen ($ 33.5 million).
Monex has announced that it will acquire 100 percent of shares of Coincheck Inc, which is worth 3.6 billion yen or $ 3.6 billion, according to a Monex press release April 6. The Agreement about this acquisition is also signed on that day.
Monex's current Managing Director, Toshihiko Katsuya, will assume the post of Chairman of Coincheck, while Monex Chairman Oki Matsumoto will personally be a member of the new Board of Directors of this Tokyo-based exchange.
“We recognize blockchain technology and cryptocurrencies as next-generation technologies and platforms which are likely to drastically change the way people approach money,” the company said.
As the world's fifth-largest brokerage platform in 2017, Monex began exploring and developing Blockchain applications through the founding of the Money Cryptocurrency Lab in October 2017 as the way to take the initiative in receiving this new type of financial technology.
Highlighting its efforts to participate in its e-money segment, this online brokerage firm announced:
“The cryptocurrency exchange business plays a core part in a vision of Monex’s new beginning. Therefore, the company has resolved on 100% share acquisition of Coincheck.”
From this incident, Bitcoin price is expected to increase.
#NILECOIN
#NIL
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Monex, Japan's No. 3 Online Brokerage Platform, has officially entered the digital currency market by an acquisition with Coincheck for 3.6 billion yen ($ 33.5 million).
Monex has announced that it will acquire 100 percent of shares of Coincheck Inc, which is worth 3.6 billion yen or $ 3.6 billion, according to a Monex press release April 6. The Agreement about this acquisition is also signed on that day.
Monex's current Managing Director, Toshihiko Katsuya, will assume the post of Chairman of Coincheck, while Monex Chairman Oki Matsumoto will personally be a member of the new Board of Directors of this Tokyo-based exchange.
“We recognize blockchain technology and cryptocurrencies as next-generation technologies and platforms which are likely to drastically change the way people approach money,” the company said.
As the world's fifth-largest brokerage platform in 2017, Monex began exploring and developing Blockchain applications through the founding of the Money Cryptocurrency Lab in October 2017 as the way to take the initiative in receiving this new type of financial technology.
Highlighting its efforts to participate in its e-money segment, this online brokerage firm announced:
“The cryptocurrency exchange business plays a core part in a vision of Monex’s new beginning. Therefore, the company has resolved on 100% share acquisition of Coincheck.”
From this incident, Bitcoin price is expected to increase.
#NILECOIN
#NIL
Security feature and password recovery with 16-word security
In order to serve and support Nilecoin investors with the best, NilecoinTeam has added the Nilechain Wallet Security feature at http://nilechain.info/.
▪️Security Features: secure your Nilechain Wallet account with 16-word security.
▪️Feature Description: The Nilechain system will provide 16-word security for every account on http://nilechain.info/ . Investors can activate this feature on their account and remember that 16 words for later use.
▪️Purpose of the feature:
+ Helps keep your Nilechain account safe
+ Recover account password when forgot
- Access your Nilechain account at http://nilechain.info/ to install this security feature.
- Link for Instruction: https://nilechain.info/document/how-to-install-16-word-security-on-nilechain-info.pdf
#NILECOIN
#NILECHAIN
#NIL
In order to serve and support Nilecoin investors with the best, NilecoinTeam has added the Nilechain Wallet Security feature at http://nilechain.info/.
▪️Security Features: secure your Nilechain Wallet account with 16-word security.
▪️Feature Description: The Nilechain system will provide 16-word security for every account on http://nilechain.info/ . Investors can activate this feature on their account and remember that 16 words for later use.
▪️Purpose of the feature:
+ Helps keep your Nilechain account safe
+ Recover account password when forgot
- Access your Nilechain account at http://nilechain.info/ to install this security feature.
- Link for Instruction: https://nilechain.info/document/how-to-install-16-word-security-on-nilechain-info.pdf
#NILECOIN
#NILECHAIN
#NIL
South Korea arrests 14 on suspicion of discount Bitcoin mining
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South Korean authorities have arrested 14 operators allegedly involved in illegally subsidized Bitcoin mining, local media outlet Yonhap reports April 1.
As Yonhap reports, police arrested 14 people suspected of running Bitcoin mining setups using unfairly subsidized electricity since May 2017.
A total of 13 companies were complicit, each using up to 350 machines to mint bitcoins with an energy discount of 10%.
“These companies were found to be able to use electricity at a price 10% lower than that charged for general purposes, as well as rent factory space at a low price,” Yonhap continues.
The events underscore what continues to be a sore point for jurisdictions around the world regarding cryptocurrency miners.
As Cointelegraph reported, lawmakers in several US states and Canada have criticized the lack of perceptible benefits new mining companies bring to them in return for requesting cheap power.
China has significantly scaled back its previously buoyant subsidized mining market, while South Korea continues to push forward with regulatory changes affecting various spheres of the cryptocurrency industry.
The arrested miners meanwhile appear not to be facing significant punishment, with fines on the horizon, according to Yonhap.
#NILECOIN
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South Korean authorities have arrested 14 operators allegedly involved in illegally subsidized Bitcoin mining, local media outlet Yonhap reports April 1.
As Yonhap reports, police arrested 14 people suspected of running Bitcoin mining setups using unfairly subsidized electricity since May 2017.
A total of 13 companies were complicit, each using up to 350 machines to mint bitcoins with an energy discount of 10%.
“These companies were found to be able to use electricity at a price 10% lower than that charged for general purposes, as well as rent factory space at a low price,” Yonhap continues.
The events underscore what continues to be a sore point for jurisdictions around the world regarding cryptocurrency miners.
As Cointelegraph reported, lawmakers in several US states and Canada have criticized the lack of perceptible benefits new mining companies bring to them in return for requesting cheap power.
China has significantly scaled back its previously buoyant subsidized mining market, while South Korea continues to push forward with regulatory changes affecting various spheres of the cryptocurrency industry.
The arrested miners meanwhile appear not to be facing significant punishment, with fines on the horizon, according to Yonhap.
#NILECOIN
Report: Russia's Gazprombank to Test Cryptocurrency Service
Russia's third-largest state-owned bank wants to let its wealthy clients trade cryptocurrencies, an official said.
Gazprombank deputy chairman Alexander Sobol said the bank may launch a pilot program this year, though it is early in the planning stages.
As such, there are no firm details yet on whether Gazprombank itself will invest in cryptocurrencies or just allow its customers to do so. Sobol said his team is "trying to follow the situation actively," according to Russian daily news organization Vedomosti.
For more information, click here: https://www.coindesk.com/report-russian-state-owned-gazprombank-to-trial-cryptocurrency-transactions/
NilecoinTeam
Russia's third-largest state-owned bank wants to let its wealthy clients trade cryptocurrencies, an official said.Gazprombank deputy chairman Alexander Sobol said the bank may launch a pilot program this year, though it is early in the planning stages.
As such, there are no firm details yet on whether Gazprombank itself will invest in cryptocurrencies or just allow its customers to do so. Sobol said his team is "trying to follow the situation actively," according to Russian daily news organization Vedomosti.
For more information, click here: https://www.coindesk.com/report-russian-state-owned-gazprombank-to-trial-cryptocurrency-transactions/NilecoinTeam
CURRENT CRYPTOCURRENCY TREND
↘️The blossom of such cryptocurrencies as Bitcoin, Ethereum, Litecoin together with the increase by hundreds of times in many cryptocurrencies' price in 2017 has made crypto an attractive and potential market as well as drawn the attention of investors, big investment funds and individuals. Data at the end of 2017 showed that Bitcoin and ETH prices had increased by 20 ad 120 times respectively. Many other coins also witnessed a bound in price for a short period of time.
↘️It is the fast, great and unpredictable increase in price (up to 50-100 times/day) that attracts the crypto investors. In contrast, it can also plunge quickly, by up to 50-80% of value compared to that in the previous day. The investors view it as a promising field to make an investment in because high risk score means high chance of big profit.
↘️Crypto investmenthas become a trend. There is a great and dramatically increasing number of investors in this niche, calling for a notable volume of capital invested to earn profits, hold digital assets with a great number of matched transactions and record transaction volume per day. There was the time when Bitcoin price reached the peak at $20,000 then plunged to below $15,000.
↘️Research and evaluation by leading experts in the world shows that 2018 will be another promising year for cryptocurrency with the participation of more cryptos as well as individual investors and investment funds in this market
NilecoinTeam
↘️The blossom of such cryptocurrencies as Bitcoin, Ethereum, Litecoin together with the increase by hundreds of times in many cryptocurrencies' price in 2017 has made crypto an attractive and potential market as well as drawn the attention of investors, big investment funds and individuals. Data at the end of 2017 showed that Bitcoin and ETH prices had increased by 20 ad 120 times respectively. Many other coins also witnessed a bound in price for a short period of time.
↘️It is the fast, great and unpredictable increase in price (up to 50-100 times/day) that attracts the crypto investors. In contrast, it can also plunge quickly, by up to 50-80% of value compared to that in the previous day. The investors view it as a promising field to make an investment in because high risk score means high chance of big profit.
↘️Crypto investmenthas become a trend. There is a great and dramatically increasing number of investors in this niche, calling for a notable volume of capital invested to earn profits, hold digital assets with a great number of matched transactions and record transaction volume per day. There was the time when Bitcoin price reached the peak at $20,000 then plunged to below $15,000.
↘️Research and evaluation by leading experts in the world shows that 2018 will be another promising year for cryptocurrency with the participation of more cryptos as well as individual investors and investment funds in this market
NilecoinTeam
Identity of Bitcoin creator revealed in an e-book by a notorious criminal
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Cryptocurrency, Blockchain and Bitcoin are gaining in popularity and have become common terms in the world. Who is Satoshi Nakamoto? Is he truly a 37-year-old Japanese man or is there any organization behind him? - These are still unanswered questions.
However, recently, according to ccn.com, a notorious criminal stated that he had met Satoshi Nakamoto in person. This guy even published an e-book to express his impression on Bitcoin creator.
He is Roberto Escobar, the brother of deceased Colombian drug kingpin Pablo Escobar. He served more than 11 years in a maximum security prison for his role as an accountant for the Medellin cartel.
So how could he know the truth about Satoshi Nakamoto? Actually, after a long time of cooperation, Roberto decided to find another way for himself, and cryptocurrency is a potential one.
Most notably, Escobar claims to have met pseudonymous Bitcoin creator Satoshi Nakamoto, who he says wanted to partner with the Escobar family to create a new cryptocurrency. Escobar even included a photocopy of Satoshi’s passport as proof of the meeting.
However, Escobar later discovered that Satoshi was actually an agent of the US government, after which he realized that Bitcoin was a CIA plot.
He wrote as if he could promote the vision of Bitcoin creator:
“I am the first person in the world…to publicly come out and claim that Bitcoin was created by the American Government, and I am not going to be the last person to say this. The world is going to wake up. The world is going to see that this was created by them. And when they see it, it is too late, and when the CIA founds out that the world knows about this, the CIA is going to sell all of their coins, and they will destroy the value of Bitcoin.”
There is a lack of evidence to say that the American Government can destroy everything. We need to take many other factors into consideration. However, it somehow affects the way we view Bitcoin’s origin and urges us to be more careful in cryptocurrency investment
#NILECOIN
#NIL
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Cryptocurrency, Blockchain and Bitcoin are gaining in popularity and have become common terms in the world. Who is Satoshi Nakamoto? Is he truly a 37-year-old Japanese man or is there any organization behind him? - These are still unanswered questions.
However, recently, according to ccn.com, a notorious criminal stated that he had met Satoshi Nakamoto in person. This guy even published an e-book to express his impression on Bitcoin creator.
He is Roberto Escobar, the brother of deceased Colombian drug kingpin Pablo Escobar. He served more than 11 years in a maximum security prison for his role as an accountant for the Medellin cartel.
So how could he know the truth about Satoshi Nakamoto? Actually, after a long time of cooperation, Roberto decided to find another way for himself, and cryptocurrency is a potential one.
Most notably, Escobar claims to have met pseudonymous Bitcoin creator Satoshi Nakamoto, who he says wanted to partner with the Escobar family to create a new cryptocurrency. Escobar even included a photocopy of Satoshi’s passport as proof of the meeting.
However, Escobar later discovered that Satoshi was actually an agent of the US government, after which he realized that Bitcoin was a CIA plot.
He wrote as if he could promote the vision of Bitcoin creator:
“I am the first person in the world…to publicly come out and claim that Bitcoin was created by the American Government, and I am not going to be the last person to say this. The world is going to wake up. The world is going to see that this was created by them. And when they see it, it is too late, and when the CIA founds out that the world knows about this, the CIA is going to sell all of their coins, and they will destroy the value of Bitcoin.”
There is a lack of evidence to say that the American Government can destroy everything. We need to take many other factors into consideration. However, it somehow affects the way we view Bitcoin’s origin and urges us to be more careful in cryptocurrency investment
#NILECOIN
#NIL
WHAT IS NILECOIN POTENTIAL?
With the advanced technology with inheriting the leading technology platforms, NIL has been received as a turning point in the world financial industry. Now trading floors have appeared in many countries. The number of daily transaction is $5 million.
WEBSITE: https://ico.nilecoin.org/
With the advanced technology with inheriting the leading technology platforms, NIL has been received as a turning point in the world financial industry. Now trading floors have appeared in many countries. The number of daily transaction is $5 million.
WEBSITE: https://ico.nilecoin.org/
Japan Warns Binance Exchange Over Licensing Issue
Japan's top financial regulator has issued a warning to cryptocurrency exchange Binance.
In a statement published by the Financial Services Agency on Friday, the agency confirmed Thursday's news that suggested Binance was about to be warned by the financial watchdog given its lack of registration with the regulator.
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Update: Mar 23, 2018 at 03:04 UTC
Link: https://www.coindesk.com/japan-warns-crypto-exchange-binance-licensing-issue/
NilecoinTeam
Japan's top financial regulator has issued a warning to cryptocurrency exchange Binance.
In a statement published by the Financial Services Agency on Friday, the agency confirmed Thursday's news that suggested Binance was about to be warned by the financial watchdog given its lack of registration with the regulator.
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Update: Mar 23, 2018 at 03:04 UTC
Link: https://www.coindesk.com/japan-warns-crypto-exchange-binance-licensing-issue/
NilecoinTeam
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