Thursday, March 30, 2017

Spurt Better Than Currency

COMPREHENSIVE MEANING OF SPURT DIGITAL MONEY Let’s have a look at the individual components of the acronym SPURT, with each letter as the first of a word contributing to the creation of the full name. Combined together, each word contributes an integral component to what is “inside” the name with respect to its true purpose, intent and design. First let’s have a look at the individual words that combine to create SPURT: Go here for full story:

Wednesday, March 29, 2017

Blockchain Tech Can Resolve Security Concerns with Internet of Things

Rebecca Campbell on 29/03/2017 The vice president and digital head of Indian technology solutions firm Tech Mahindra has said that embracing the Internet of Things (IoT) doesn’t mean people will have to give up their privacy. In an interview with CNBC, Amit Sharma, said that the IoT is lacking adoption because of privacy issues and data protection, but that a possible solution to this through the blockchain could resolve security concerns. He said: // Let us help you become financially independent. Read exclusive stories, bitcoin analysis, and tutorials. Use the coupon code "CCN5" and get $5 off. Join now. // Sooner rather than later, blockchain and IoT will converge. And the cryptographic algorithms being used by blockchain will obviously help us to protect this data. Due to its transparency and immutable ledger, it’s not hard to see why the blockchain could present the answer for greater adoption of the Internet of Things. The Growth of IoT The Internet of Things, an inter-networking of physical devices, vehicles, buildings, and other items that have software, sensors and network connectivity enabling them to collect and exchange data, is continually growing. As a result, more organizations are realizing the benefits that it can bring particularly in relation to boosting a country’s digital transformation. Thailand is one such country that is understanding this. So much so, that last month Microsoft (Thailand) announced that throughout 2017 it would see five digital technology trends to help push its digitization to the next level. Of the five, it included the IoT and blockchain technology. Of course, while it’s nothing new that the Internet of Things and the blockchain may join forces at some point, it seems as though now is the time when things are increasing between the two. Concerns Over Privacy While many people may still be concerned by how much they are willing to let technology enter into their lives, we only have to look at the increasing use of mobiles around the world to see that it says things differently. India is one country that has the highest number of mobile phones with one billion phone users and a largely young population. It is this Generation Z that IoT companies need to reach out to as they are more likely to be more open to the idea of sharing data in the technologically-advanced world they live in. And yet, while advances are certainly being made with the Internet of Things and its connection with the blockchain, it could be another couple of years before Generation Z can fully take on board what is being proposed and created. William P. Eason Entrepreneur/ Contributor TradeCoinClub – Top 10 Cryptocurrency Trading Platform

Tuesday, March 28, 2017

Bitcoin Exchange BTCChina Upgrades KYC System; Withdrawals to Resume Soon?

Samburaj Das on 28/03/2017 BTCChina, a Shanghai-based bitcoin and digital currency exchange has announced the upgrade of its know-your-customer (KYC) identification verification system amid the ongoing withdrawal ban on Bitcoin and Litecoin deposits. As one of the so-called ‘big three’ Chinese exchanges, BTCChina enforced the suspension of BTC and LTC withdrawals in mid-February, following regulatory pressure to comply with KYC norms by the People’s Bank of China, the country’s’ central bank. The exchange followed suit after OkCoin and Huobi, two of the other major exchanges, who suspended withdrawals a week prior to BTCChina. BTCChina revealed that it would upgrade its customer verification system to adhere to anti-money laundering norms enforced by Chinese authorities upon the bitcoin trading industry. The temporary suspension on withdrawals would last a month, BTCChina said at the time. More pertinently, the exchange added that the suspension would be lifted if its systems are upgraded before the 30-day period. All three exchanges released a statement on March 8, confirming that bitcoin withdrawals were postponed indefinitely, only to resume after regulatory approval. On Friday, however, BTCChina revealed the upgrade of its customer identification system that adhered to KYC guidelines. The exchange is now urging all of its users to complete verification procedures. The new KYC requirements seek existing users’ names, identity card number, bank card number and mobile phone number. “All users need to re-complete [fill] the above information before [resuming] normal recharge, cash withdrawals and other activities,” the notice read. Notably, however, the notice added: Bitcoin and Litecoin [withdrawals] are still paused. Source: BTCChina While undoubtedly frustrating for Chinese users with bitcoin deposits in centralized exchanges, the implementation of upgraded KYC systems are looking a likely step toward resuming withdrawals in the near future. Traders and investors haven’t been dissuaded in the meantime, turning to alternative decentralized peer-to-peer trading platforms like LocalBitcoins that have seen record trading volumes in China following the withdrawal freeze. William P. Eason Entrepreneur/ Contributor TradeCoinClub – Top 10 Cryptocurrency Trading Platform