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The Bitconnect project was accused of creating a financial pyramid

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The creators of Bitconnect consider it "decentralized P2P-Crypto-currency based on an open source code that allows people to store and invest their money in a government-unchecked currency and even earn a significant return on investment." Critics of Bitconnect consider it a financial pyramid, which rewards the first customers and leaves the rest with nothing. While cynics can assert the same thing about many crypto-currencies, there is evidence that Bitconnect and the truth may be unclean.

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The creator of BitTorrent is preparing a Chia network - an alternative to Bitcoin

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Bram Cohen, the creator of the famous BitTorrent file sharing protocol, announced that he was one step closer to "solving the problem of centralizing Bitcoin." In an interview with TechCrunch magazine, Cohen said that Chia's network, its long-standing project, positioning itself as an alternative to Bitcoin, could be launched by the end of 2018. The "very hot" round of initial investment allowed the project to get out of the underground and hire a capable developer, which is necessary for Chia's currency to offer itself to investors.

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Cryptomillionaire Tim Draper: in five years, cryptocurrency will take the place of fiat money

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In five years, the use of state currencies will come to naught, since they will be replaced by crypto-currencies. This is considered by the venture investor Tim Draper, who has large amounts in cryptocurrencies. At the Internet summit in Portugal, Draper spoke with Forbes, during the conversation he expressed his opinion about the future of the cryptocurrency market: "In five years, if you try to use fiat currency they will laugh at you. Bitcoin and other cryptocurriences will be so relevant … there will be no reason to have the fiat currencies. "

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Damage from vulnerability in the Parity Wallet and its consequences

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As a result of the accidental use of a previously unknown vulnerability in the source code of the Parity Ethereum Wallet this Monday were "frozen", and actually lost funds in the accounts of many customers and projects. Save them, can only hardfork, similar to the project  of TheDAO tokens​ rescue in July 2016. In the company Parity Technologies responded to outrage of the public and the experience of customers only on Wednesday - 2 days after the blocking of funds in the blog officially confirmed the existence of a critical security threat: "Unfortunately, the code found a new vulnerability, which made it possible to transform the Parity Wallet contract into an ordinary multi-signature wallet, and to change its owner using the initWallet function call. This vulnerable code appeared in the software after its update as a result of the July 19 events. "

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Bitcoin takes new heights, network loading and commissions grow

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The popularity of the crypto-currency markets is growing rapidly, and this is not surprising, since the price of bitcoin has risen by 60% in just one last month. However, along with the passing of the mark of 7000 dollars for BTC, the congestion of the blocks again increased, as well as the commission of the miners. This was the reason for users' displeasure with unconfirmed transactions and the need to pay 5-10 dollars per transaction. The actual cancellation of the SegWit2X's hardfork not only does not solve the crisis of scaling, but rather aggravates it, since other solutions still do not work, and even activated more than two months ago SegWit has not been put into operation to the full.

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Report Deloitte: in 2016 on GitHub more than 26 000 blockchain-projects started

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According to the data collected by Deloitte, last year in the repositories on GitHub was created more than 26,000 new projects related to the blockbchain. In its new report, "Evolution of Blockchain Technology: A Look from the GitHub Platform", published on November 8, the company presented data from an application development platform that stores codes for more than 86,000 blockbchain initiatives, including major projects such as Bitcoin. In general, the study reflects the development of technology since Bitcoin, since 2009.

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Regulators of Sweden and New Zealand published their Statements on ICO

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The financial regulators of Sweden and New Zealand have recently published documents on the primary placements of tokens (ICO). The Swedish financial regulator issued a statement, which notes a number of risks associated with the ICO. The ICO document is described as "a term used to designate the launch of a new token or another form of digital asset based on encryption technology." The Financial Services Agency (FSA) compares the primary placements of the tokens with the "basic" financial measures, and notes that "the goal of the ICO is to attract funding from the public to develop a business idea for the company that does not differ from the idea of ​​basic financing." 

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The Massachusetts Institute of Technology (MIT) will issue diplomas based on the blockchain

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Massachusetts Institute of Technology (MIT) decided to revise the system of issuing diplomas to its graduates. The other day, he unveiled a pilot program to test the capabilities of the blockchain for issuing diplomas. According to a publication on the MIT News website, the pilot program that began this summer provided 111 MIT graduates with an opportunity to receive a diploma of education through an application based on a blockchain for a smartphone in addition to the traditional printed version.

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The Royal Mint of the United Kingdom introduced a mechanism for trading gold on the blockchain

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The Royal Mint of the United Kingdom tested the mechanism on the blockchain, monitoring the transactions with gold bars. To date, the Royal Mint Gold (RMG) system is still in test mode, but has already processed more than 50,000 units. The first block was mined on 2 August. It is designed to record sales and ownership of precious metals. The creators state that the system is built in such a way that it reduces all risk to zero.

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The Central Bank of Uruguay will issue a digital currency

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While public figures and bankers of large states reflect on the advantages or disadvantages of the digital currency, still not deciding to use them massively in the economy, in some less developed countries regulators are already working in this direction. Central Bank of Uruguay announced on November 3 in a press release on its website about the imminent launch of a pilot project for the release and implementation of digital currency in the country. The digital peso will be provided by the state, controlled by the Uruguayan Central Bank and by its nature will not be a crypto currency, explained in the report.

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BP, Shell and Statoil will sell resources on the Blockchain Trading Platform

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Oil and gas companies BP, Shell and Statoil created a blockchain-based trading platform for the application of technology in the energy sector. ING, ABN Amro, Societe Generale, Gunvor, Koch Supply & Trading and Mercuria also take part in the project. The blockchain-platform will be fully operational until the end of 2018. According to ING representative Carolien van der Giessen, the energy industry has become more complex, as it has been replenished with new participants. "At the beginning of 2017, we (ING, Mercuria and Societe Generale) used a blockbuster platform to transport African oil to China. The results of the experiment showed that the platform can significantly improve the efficiency of some processes. "

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Poll: 18% of young Americans want to invest in Ethereum

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American youth invests more often in crypto currency than people of the older generation, said LendEDU student loan officers. According to a survey conducted by LendEDU and OnePoll, a market research company specializing in marketing, Americans between the ages of 18 and 34 are familiar with the concepts of "crypto currency", "ICO" and "market capitalization" much closer than people in older age groups, and therefore much more often invest in them. As a result of a survey of 1000 respondents from the United States, about 32% said they had heard about the airwaves, and 18% added that they plan to purchase it as an investment. 22% said they had heard of Ripple, and almost 15% confirmed their intention to invest in XRP.

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Karl Eckstein, Honorary Consul of Russia, proposed to create a blockchain in Crimea

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The creation of a blockchain in Crimea would allow foreign investors to invest in projects in Crimea, says the Honorary Consul of Russia in Switzerland Karl Alexander Eckstein. Experts suggested dividing crypto-currencies according to the type of regulation. In Yalta, November 6-7, the Forum of Friends of the Crimea is held for the first time in the framework of the international conference "Russia, Crimea and Modern International Relations". At a forum in which about 90 foreign guests from almost 30 countries take part, they will establish the Association of Friends of the Crimea and will adopt an appeal-declaration on the need to restore normal relations between the Republic of Crimea and the countries of the world.

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Private pre-kindergarten school in New York offered to pay for their services with Bitcoins

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While skeptics continue to assert that bitcoin is used exclusively for speculation, one of private schools in New York City offered to pay for their services with Bitcoins. In an interview, the school manager in Montessori, in Wilthiron and Soho, Marco Ciocca, said that parents themselves asked whether there is a possibility to pay for the education by the bitcoins. After several such calls, Marco began to actively monitor the bitcoins and very soon already knew about all his advantages as a means of payment: fast transactions, low commissions, easy payment. Having conferred with colleagues, it was decided to include bitcoin in the number of means of payment for paying for tuition in a kindergarten.

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Andreas Antonopoulos: why banks call Bitcoiners

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Video with the speech of Andreas Antonopoulos under the name "Money as a System of Control", undoubtedly, should be watched by every follower of bitcoin. In it, Antonopoulos explains how money is used to control their senders and recipients, as well as tracking financial transactions around the world. In addition, he tells how false the banking system really is. Banks can not only freeze or confiscate money without our consent, in fact, they are the owners of our finances, we are simply granted access to them - and this, to put it mildly, is a dishonest deal. As explained by Antonopoulos, we do not have money in the bank, we have only an account that gives us access to the money that we placed in the bank, believing fake security guarantees. This situation is demonstrated by a brilliant example of the debt crisis in Greece - the entire population of the country kept savings in banks and they were insured, but one day the promise was violated and money was rendered inaccessible.

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Leading strategist of Deutsche Bank predicts the end of the era of fiat money

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The recent strong growth in the market capitalization of crypto currency continues to attract the attention of an increasing number of economists and top managers from the financial sector.  Jim Reid, director of research at the Deutsche Bank AG, expressed his opinion about the future of financial markets and noted in his shocking report that "the beginning of the end of fiat money is already laid." This report greatly worried the financial community, because it was written by a person "from within" the system itself, a person who must know for sure about what he writes. Even more worrying was the fact that the author condemned the actions of central banks, which in his opinion only contributed to the development of the impending financial crisis.

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Bitcoin as a Nuclear Bomb in the Currency War between China and the US

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Chinese financial analyst Xiao Lei published an article in which he claims that the crypto-currency has become a battlefield in the "new currency war" between China and the United States. Despite the fact that some people consider his views conspirational, this article still attracted considerable attention after the publication on one of the media channels Baidu Baijia, owned by the largest Chinese Internet company Baidu. In the article, Xiao Lei states: "As an investor, I'm worried if I can make money from investing in Bitcoin. However, if you look at the scale of the country, I am worried if I can use it, and if there are any factors that will be unfavorable for me in the future. "
Lei believes that in the modern world "the strategic importance of traditional commodity assets, such as oil and grain ... may not be so high when the confrontation between countries has entered the virtual space."

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CryptoRing - ICO contest via Telegram

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The primary placement of tokens (ICO) beats all ratings in terms of attracted capital. Investors want to significantly increase their capital, and project teams to translate their ideas. ICO is an excellent tool that helps to find mutually beneficial terms of cooperation between investors and project teams. ICO is quite a new technological product and not all investors are able to competently evaluate a particular project. With all its pluses, ICO also attracts scammers who want to "profit at someone else's expense." To help investors to learn how to correctly evaluate the project and the team is one of the goals pursued by the new interactive project CryptoRing, which takes place in the telegram chat.

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