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#Blockchain Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency

Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency

The Marshall Islands’ plan to issue a sovereign cryptocurrency, dubbed ‘the Sovereign’ (SOV), appears to be progressing, with the Oceanic nation announcing that it will work alongside Steve Tendon, a former adviser to the Maltese Office of the Prime Minister regarding blockchain policy, in developing the virtual currency.

Also Read: Latin American P2P Bitcoin Markets Defy Global Trend to Set New Records

Marshall Islands’ Sovereign Cryptocurrency Team Revises Strategy for 2019

Marshall Islands Updates 2019 Roadmap for Sovereign CryptocurrencyThe team working to launch Malta’s anticipated national cryptocurrency has published two documents seeking to articulate the project’s roadmap for the new year.

With regard to the ongoing cryptocurrency bear trend, the SOV team asserts that it is shifting its strategy from “attracting standard investors” to “forging partnerships with powerful allies that have a vested interest in seeing that sovereign crypto money succeeds.”

Elaborating further, the team predicts that sovereign countries will “play a major role in the future of crypto markets,” adding that “the blockchain that facilitates the first sovereign crypto money will be well positioned to achieve market dominance.” As such, the SOV team will seek to establish partnerships with “a handful of those powerful and well-capitalized blockchain platforms” to “provide a strong anchor for a coalition around the Marshall Islands.” The team also sought to reaffirm its commitment to launching the SOV during 2019.

Marshall Islands to Work With Steve Tendon to Launch SOV

Marshall Islands Updates 2019 Roadmap for Sovereign CryptocurrencyIn an article recently posted by the official Medium account of the SOV, the project announced that it would be working alongside Steve Tendon to develop and launch the Sovereign. Tendon is the managing director of consulting firms Chainstrategies and Tameflow Consulting, and is the former strategic adviser for Malta’s Ministry of Economy.

While working with the Ministry of Economy, Tendon was credited with developing Malta’s “Blockchain Island” strategy and National Blockchain Strategy. Tendon was subsequently appointed to the position of Strategy Lead to Malta’s National Blockchain Task Force, where he advised the Financial Services, Digital Economy and Innovation Office of the Prime Minister in executing distributed ledger technology policy.

To recognize his services, Tendon was bestowed with the Malta Blockchain Awards’ “Outstanding Contribution to the Blockchain Island” in 2018.

Marshall Islands Seeks to Become Cayman Islands of Crypto

Marshall Islands Updates 2019 Roadmap for Sovereign CryptocurrencyAccording to the team, the project’s developers “envision the Marshall Islands evolving in a similar way to the Cayman Islands,” a territory which currently incorporates “75% of the world’s hedge funds” in spite of having a small population that is comparable to that of the Marshall Islands.

The SOV team claims to be seeking to develop an analogous economic “ecosystem” in the Marshall Islands, which they hope “will attract existing and new banks, exchanges, and startups to operate physically and virtually from the Marshall Islands and grow a new industry there with a friendly and inviting regulatory framework, served with a native sovereign cryptocurrency.”

Do you think the Marshall Islands will succeed in becoming the first nation to issue a sovereign cryptocurrency? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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The post Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2TMlJvF Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency

#USA Freelancer banking service Shine switches to paid subscriptions

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French startup Shine wants to be the only professional bank account you need if you’re a freelancer. So far, 25,000 people signed up to the service and the company recently raised a $9.3 million funding round.

Shine wants to help freelancers in France all steps of the way. After signing up, the app helps you fill out all the paperwork to create your freelancer status. You then get a card and banking information.

This way, you can generate invoices, accept payments and also pay for stuff. Creating an account and basic transactions have been free so far. But starting on January 21st, freelancers will have to pay €4.90 to €7.90 per month depending on their status.

Freelancers who generate less than €70,000 (so-called “auto-entrepreneurs”) will pay €4.90 per month while others will pay more. This is still cheaper than most professional bank accounts. Existing users won’t have to pay anything.

The company mentioned premium plans in the past, but Shine now wants to create a single plan with a unified feature set for everyone. If you’re more serious about your indie lifestyle and generate a lot of revenue, you’ll pay a bit more.

In addition to that change, the startup is working on some new features. Soon, you’ll be able to generate better exports for accounting purposes. You’ll be able to deposit checks, control your account from a web browser, generate better invoices and more.

But Shine doesn’t just want to build an endless list of bullet points with as many features as possible. The company wants to create the best banking assistant for freelancers. You get notifications for admin tasks and you can ask the support team any question you have when it comes to the administrative part of your work.

It’s not just customer support for the product — it’s customer support for French paperwork. And that has some value by itself.

from Startups – TechCrunch https://tcrn.ch/2QO5rAG

#USA Computer vision startup AnyVision pulls in new funding from Lightspeed

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While there have been a few massive surveillance startups in China that have raised funds on the back of computer vision advances, there’s seemed to be less fervor outside of that market. Tel Aviv-based AnyVision is aiming to leverage its computer vision chops in tracking people and objects to create some pretty clear utility for the enterprise world.

After announcing a $27 million Series A in mid-2018, the computer vision startup is bringing Lightspeed Venture Partners into the raise, closing out the round at $43 million.

“When you have a company with the technology AnyVision has, and the market need that I’m hearing from across industries, what you need to do is push the gas pedal and build an organization which can monetize and take on this opportunity to grow massively,” Lightspeed partner Raviraj Jain told TechCrunch.

Right now the 200-person company has its eyes on the security and identity markets as it aims to bring its computer vision technology into more industry-tailored solutions.

The company’s “Better Tomorrow” product delivers camera-agnostic surveillance insights from its object and human-tracking tech. “Sesame” is the company’s consumer-facing play for bringing mobile banking authentication to hundreds of millions of phones. The company is still looking to release a retail analytics platform to customers as well.

from Startups – TechCrunch https://tcrn.ch/2HkROtk

#USA Computer vision startup AnyVision pulls in new funding from Lightspeed

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While there have been a few massive surveillance startups in China that have raised funds on the back of computer vision advances, there’s seemed to be less fervor outside of that market. Tel Aviv-based AnyVision is aiming to leverage its computer vision chops in tracking people and objects to create some pretty clear utility for the enterprise world.

After announcing a $27 million Series A in mid-2018, the computer vision startup is bringing Lightspeed Venture Partners into the raise, closing out the round at $43 million.

“When you have a company with the technology AnyVision has, and the market need that I’m hearing from across industries, what you need to do is push the gas pedal and build an organization which can monetize and take on this opportunity to grow massively,” Lightspeed partner Raviraj Jain told TechCrunch.

Right now the 200-person company has its eyes on the security and identity markets as it aims to bring its computer vision technology into more industry-tailored solutions.

The company’s “Better Tomorrow” product delivers camera-agnostic surveillance insights from its object and human-tracking tech. “Sesame” is the company’s consumer-facing play for bringing mobile banking authentication to hundreds of millions of phones. The company is still looking to release a retail analytics platform to customers as well.

from Startups – TechCrunch https://tcrn.ch/2HkROtk

#USA Computer vision startup AnyVision pulls in new funding from Lightspeed

//

While there have been a few massive surveillance startups in China that have raised funds on the back of computer vision advances, there’s seemed to be less fervor outside of that market. Tel Aviv-based AnyVision is aiming to leverage its computer vision chops in tracking people and objects to create some pretty clear utility for the enterprise world.

After announcing a $27 million Series A in mid-2018, the computer vision startup is bringing Lightspeed Venture Partners into the raise, closing out the round at $43 million.

“When you have a company with the technology AnyVision has, and the market need that I’m hearing from across industries, what you need to do is push the gas pedal and build an organization which can monetize and take on this opportunity to grow massively,” Lightspeed partner Raviraj Jain told TechCrunch.

Right now the 200-person company has its eyes on the security and identity markets as it aims to bring its computer vision technology into more industry-tailored solutions.

The company’s “Better Tomorrow” product delivers camera-agnostic surveillance insights from its object and human-tracking tech. “Sesame” is the company’s consumer-facing play for bringing mobile banking authentication to hundreds of millions of phones. The company is still looking to release a retail analytics platform to customers as well.

from Startups – TechCrunch https://tcrn.ch/2HkROtk

#USA Computer vision startup AnyVision pulls in new funding from Lightspeed

//

While there have been a few massive surveillance startups in China that have raised funds on the back of computer vision advances, there’s seemed to be less fervor outside of that market. Tel Aviv-based AnyVision is aiming to leverage its computer vision chops in tracking people and objects to create some pretty clear utility for the enterprise world.

After announcing a $27 million Series A in mid-2018, the computer vision startup is bringing Lightspeed Venture Partners into the raise, closing out the round at $43 million.

“When you have a company with the technology AnyVision has, and the market need that I’m hearing from across industries, what you need to do is push the gas pedal and build an organization which can monetize and take on this opportunity to grow massively,” Lightspeed partner Raviraj Jain told TechCrunch.

Right now the 200-person company has its eyes on the security and identity markets as it aims to bring its computer vision technology into more industry-tailored solutions.

The company’s “Better Tomorrow” product delivers camera-agnostic surveillance insights from its object and human-tracking tech. “Sesame” is the company’s consumer-facing play for bringing mobile banking authentication to hundreds of millions of phones. The company is still looking to release a retail analytics platform to customers as well.

from Startups – TechCrunch https://tcrn.ch/2HkROtk

#USA Computer vision startup AnyVision pulls in new funding from Lightspeed

//

While there have been a few massive surveillance startups in China that have raised funds on the back of computer vision advances, there’s seemed to be less fervor outside of that market. Tel Aviv-based AnyVision is aiming to leverage its computer vision chops in tracking people and objects to create some pretty clear utility for the enterprise world.

After announcing a $27 million Series A in mid-2018, the computer vision startup is bringing Lightspeed Venture Partners into the raise, closing out the round at $43 million.

“When you have a company with the technology AnyVision has, and the market need that I’m hearing from across industries, what you need to do is push the gas pedal and build an organization which can monetize and take on this opportunity to grow massively,” Lightspeed partner Raviraj Jain told TechCrunch.

Right now the 200-person company has its eyes on the security and identity markets as it aims to bring its computer vision technology into more industry-tailored solutions.

The company’s “Better Tomorrow” product delivers camera-agnostic surveillance insights from its object and human-tracking tech. “Sesame” is the company’s consumer-facing play for bringing mobile banking authentication to hundreds of millions of phones. The company is still looking to release a retail analytics platform to customers as well.

from Startups – TechCrunch https://tcrn.ch/2HkROtk

#USA What3Words breaks the world down into phrases

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If you’re down in ///joins.slides.predict you may want to visit ///history.writing.closets or, if you’ve got a little money to spend, try the Bananas Foster at ///cattle.excuse.luggage. Either way, don’t forget to stop by ///plotting.nest.reshape before you fly out.

If things go what3words way, that’s how you’ll be sending out addresses in the future. Founded by musician Chris Sheldrick and Cambridge mathematician Mohan Ganesalingam, the company has cut the world into three meter boxes that are identified by three words. Totonno’s Pizza in Brooklyn is at ///cats.lots.dame while the White House is at ///kicks.mirror.tops. Because there are only three words, you can easily find spots that have no addresses and without using cumbersome latitude and longitude coordinates.

The team created this system after finding that travelers found it almost impossible to find some out-of-the-way places. Tokyo, for example, is notoriously difficult to traverse via address while other situations – renting a Yurt in Alaska, for example – require constantly updated addresses that do not lend themselves to GPS coordinates. Instead, you can tell your driver to take you to ///else.impulse.broom and be done with it.

The team has raised £40 million and is currently working on systems to add their mapping API to industrial and travel partners. You can browse the map here.

“I organized live music events around the world. Often in rural places. HeIfound equipment, musicians and guests got lost. We tried to give coordinates but they were impossible to remember and communicate accurately,” said Sheldrick. “This is the only address solution designed for voice, and the only system using words and not alphanumeric codes.”

Obviously this will take some getting used to. The three words might get mispronounced, leading to some fun problems, but in general it might be good to way to get around the world in a post-modern way. After all, some of the spot names sound like poetry and if you don’t like it you can always just go to ///drills.dandelions.bounds.

from Startups – TechCrunch https://tcrn.ch/2FpWrAh

#Blockchain Why Some Crypto Companies Consider KYC and AML Compliance Unnecessary

When it comes to cryptocurrency regulation, there is a lack of consensus on how to protect investors. Criminal activity such as fraud, hacks and theft is prevalent, not only in the crypto realm, but in the traditional financial world too.  Some exchanges have deemed know your customer (KYC) and anti-money laundering (AML) compliance as unnecessary, however, claiming it infringes on the user’s right to privacy. 

Also read: Following the Crypto-Anarchist Dream: 3 Reasons to Reject KYC and AML

Crypto Exchanges Refuse KYC

There are a number of crypto exchanges doing everything in their power to avoid having to introduce KYC. Ethfinex’ Trustless DEX launched without KYC, having pointed out that it is impossible to obscure the source of a person’s funds: every transaction is visible and recorded forever onchain. Cryptocurrency exchange Hodl Hodl allows traders to swap cryptocurrencies without the need to undergo compliance. These exchanges require no lengthy signup process and no interminable wait for KYC checks to be approved, but such platforms are the exception rather than the rule. For legal and regulatory reasons, exchanges and similar financial organizations within the crypto sector are usually obliged to perform KYC. 

Why Some Crypto Companies Consider KYC and AML Compliance Unnecessary

From Crypto Anarchism to Close Regulation

The concept of Bitcoin was born around 2008 during the financial collapse. Originally, cryptocurrencies emerged as a means to allow privacy-oriented value storage and transfer to take place. Even before Bitcoin’s inception, crypto anarchists were employing cryptographic software in order to avoid scrutiny and potential prosecution while sending and receiving information over networks in an effort to protect their privacy and political and economic freedom. A central element to this philosophy is the inherent distrust of states in favor of individual sovereignty and self-determinism.

In a recent op-ed, Bitcoin.com’s Sterlin Lujan wrote of the crypto anarchist dream being financially independent and removed from the state apparatus, while Wendy McElroy, the author of The Satoshi Revolution, has questioned what is meant by “the law.” She writes that a government should not be allowed to monopolize its citizens’ financial affairs as it monopolizes so many other aspects of their lives. “The term [the law] refers to nothing more than the rules that identify and regulate a system. When the system is human society, discussions of law tend to become matters of power because some people want to dominate,” writes McElroy. 

Some Laws Do More Harm Than Good

Why Some Crypto Companies Consider KYC and AML Compliance UnnecessaryThe crypto world has often been dubbed the Wild West in dire need of regulation and direction. But is that really the case? There is evidence to show that instances of money laundering and other financial crimes are significantly lower in the crypto space than they are in the traditional financial sector. Onerous KYC and AML regulations also serve to deter new entrants, increase compliance costs for crypto companies, and arguably stifle innovation.

Kraken exchange has complained of the cost of compliance, stating that the “cost of handling subpoenas (regardless of licenses) is quickly becoming a barrier to entry.” Rather than deter criminals and increase transparency, some argue that all KYC/AML does is financially exclude those who lack the documentation to prove their identity – a particular problem for the world’s 1.7 billion unbanked. While some exchanges, such as Binance, are famously KYC free, its decision to partner with blockchain forensics firm Chainalysis is evidence that Binance is taking its regulatory obligations seriously. The crypto exchange, the world’s largest by trading volume, is now preparing to introduce KYC for its customers, mirroring the actions of other exchanges such as Kucoin that have similarly caved in.

Despite KYC and AML being a multi-billion dollar industry, critics remain convinced that the practice does more harm than good. While some exchanges are able to evade compliance through operating offshore and prohibiting U.S. investors from signing up, the majority have no choice but to bow to regulatory demands or face the consequences.

Do you support KYC and AML? Let us know in the comments section below.


Images courtesy of Shutterstock.


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The post Why Some Crypto Companies Consider KYC and AML Compliance Unnecessary appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2VVB8eO Why Some Crypto Companies Consider KYC and AML Compliance Unnecessary

#Blockchain How to Generate a Bitcoin Vanity Address

You don’t have to be vain to want a vanity address. A bitcoin vanity address is the crypto equivalent of a personalized license plate, with a portion of its 26-35 alphanumeric characters closely mirroring the name of the wallet’s owner. For fundraising, collecting tips or soliciting donations, having a bitcoin address that’s synonymous with its owner can be advantageous, despite the privacy trade-off this entails.

Also read: Newspaper Ad Seeks Donations for Bitcoin Baby’s College Fund

Why You Might Want a Vanity Address

If you’ve been involved with Bitcoin for a while, you’ve likely encountered a vanity address at some stage. While perusing a blockchain explorer and inspecting the outputs for a particular transaction, for example, you may have spotted an address whose combination of characters looks to be more than just a coincidence. In a report on the U.S. government “blacklisting” bitcoin addresses, for example, news.Bitcoin.com noted some of the addresses that had been sending funds to one Iranian-controlled BTC account:

How to Generate a Bitcoin Vanity Address

A vanity address was also used by the couple who placed an ad in The Times seeking to raise college funds for their “bitcoin baby.” Week-old Izabella’s bitcoin address starts with the characters “1ZAB5Xe.” For anyone wishing to follow suit, there are a number of third-party solutions that will help create a personalized address including Vanitygen and, for BCH users, Vanitygen Cash. Caution should be exercised when using third party code, however, particularly with services whose Github repository hasn’t been updated in years.

How Vanity Addresses Are Created

Services such as Vanitygen are designed to search for exact prefixes or expression matches. The search initiated for a matching public key is probabilistic, and thus the longer the name desired, the longer it will take your computer to hash an address that meets the criteria. Vanitygen first appeared in 2011 in a Bitcointalk forum thread, and thus is almost as old as Bitcoin itself.

How to Generate a Bitcoin Vanity Address

For anyone interested in playing about with vanity address creation, there are various internet forums and threads dedicated to the topic. It’s possible, for example, to create a bitcoin address containing only numbers and uppercase characters. If you lack the computational power to generate your own vanity address, a service such as Vanity Pool will do the honors, with the fee starting at 0.01 BTC for 1-6 characters, but rising significantly after that due to the increased processing power required. As the Vanitygen wiki page explains, it would take approximately a week to compute a vanity address that began with the characters “1Bitcoin” whereas an address starting with the characters “1BitcoinEat” would take an estimated 3,500 years.

How to Generate a Bitcoin Vanity Address
Vante.me’s key generation service. Caution should be observed when using third party vanity address generators.

From a security perspective, the safest way to create a vanity address is to do it yourself on your own computer, though this may not be possible if you’re seeking a larger pattern that’s computationally intensive. The next safest option is probably to use a service such as Vante.me, which uses split-key address generation. The biggest drawback to creating and using a vanity address, of course, is that it’s a poor practice from a privacy perspective. If you do choose to use one, it’s wise to periodically send funds to a separate address that you control, for privacy and security reasons. Despite their drawbacks, a vanity address can prove a nice touch for anyone willing to publicize their bitcoin address and be permanently associated with it.

What are your thoughts on vanity addresses? Let us know in the comments section below.


Images courtesy of Shutterstock.


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from Bitcoin News http://bit.ly/2AJsuYe How to Generate a Bitcoin Vanity Address