Golix, one of the leading exchanges in Zimbabwe, has new plans. The attention of this exchange is now diverted towards the African countries. Golix has decided to focus its attention on South-Africa, Uganda, and Kenya. Golix has planned to continue its trading activities in the African countries. The reason is that Golix has decided to expand its operations throughout the continent. Well, this can be termed as a smart approach. The reason is that if this exchange can establish global reach, then it is bound to gain more popularity. Golix has decided to become one of the top exchanges in Africa. This exchange has been offering trading services in Zimbabwe for quite some time. In fact, it has been functioning in Zimbabwe for the past three years. The truth is that Golix was enjoying a monopoly in Zimbabwe for quite some time and it was the only exchange functioning there. At the moment Golix has about 50,000 users in Zimbabwe, and it has been processing transactions worth $20 million. This exchange did its bit of research in Zimbabwe, and it has realized the fact that the crypto structure is quite slow in African countries. This is one of the reasons that Golix has decided to function in Zimbabwe. The exchange has also decided to conduct a token sale in the African countries. This token sale is worth $32 million. The main objective of this coin offering is to facilitate the international payments. At the same time, Golix aims to offer instant remittances. The best part is that clients from different parts of the world will be able to get hold of the GLX tokens from this exchange by making use of the fiat currencies. The coins that will be issued by Golix will be used to get hold of other digital currencies available on the exchange’s respective trading platform. Golix has decided that it will charge the clients less in comparison to the charges of traditional banks. This will sure entice more clients to avail the facilities of this exchange. The future of Golix seems to be quite promising. However, it is essential that this exchange plans out things well if it wants to get its due share of success in Africa. It is important that the exchange creates awareness in Africa about the facilities it offers. This way more people will be inclined to avail the service of Golix. The post Golix ready to step in the African market appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Golix ready to step in the African market
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The Australian Competition and Consumer Commission have just released a report recently on scam economy trends of the year 2017. Now, the report addresses a very important concern. It talks about the techniques that have been adopted by the scammers to indulge in digital currency scams. This report has been compiled because, during the year 2017, the Australian Competition and Consumer Commission received about 200,000 reports that talked about the digital currency scams. The truth is that these scams lead to a loss of about $340 million. If we compare the records of 2016 and 2017, then one thing is quite evident, and that is the loss percentage is about 13.3% more in comparison to the loss records of 2016. The report sheds light on a very important issue, and that is the losses occurred because the digital currency caused a frenzy. Many of the investors got carried away in this situation and did end up investing in scams. If we re-trace the records of 2017, then the losses were about $100,000 from January to September. However, the loss amount increased drastically way back in December 2017, and it reached about $700,000. The average loss jumped from $1885 to about $13205. Most of these scam activities occurred through fake initial coin offerings, and this is how most people lost their money. Some people also cashed on the fact that the digital currency is a comparatively new concept and they cashed out on the confusion of the users. If the scam scenario is observed, then one thing is quite clear. Most people ended up investing in fake digital currency schemes because their friends and family convinced into opting for new schemes with no reliability. Another way that the scammers caused harm to people is that they took payment in digital currency. Now, that we have a clear picture regarding the digital currency scam, it is important to identify the need for strong measure and regulations. If the digital currency regulations are rigid, then it will become very difficult for the scammers to follow their course of action. It is also important that the investors need to be vigilant when they decide to invest in digital currency. They should gather enough information about an initial coin offering. If they are making any investments through an exchange, then the investor needs to have all the relevant insight about the exchange as well. This way the investors can easily play safe. The post Australian Competition and Consumer Commission Releases its Digital Currency Scam Report appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Australian Competition and Consumer Commission Releases its Digital Currency Scam Report The cryptocurrency enthusiasts in Zimbabwe are in for some disappointment. The reason is that the Reserve Bank of Zimbabwe just issued a circular recently. The bank has banned all the digital currency activities taking place in the country. Now, most of the local digital currency exchanges are not happy with this news, and one of the exchanges has decided to take action against this step. The exchange which has decided to take this initiative is Golix. This exchange has decided that it will take the central bank to the court for banning the digital currency assets. The exchange feels that the Reserve Bank of Zimbabwe does not have the right to ban the digital currency. This ban does have serious repercussions, and it has affected the local bitcoin trades across the country. Two other exchanges have also been affected by this ban. These exchanges are Styx24 and But finance. The major disappointment for Golix is that it was in the process of organizing an initial coin offering when this ban circular was issued. The faith of the digital currency can only be decided once the court proceedings progress. What is apparent is that all the local digital currency exchanges will experience major loss due to this ban. There is also a possibility that once the court proceedings progress, then the bank might decide later on to give some concession to the local exchanges. However, at the moment all these are assumptions. One thing is quite clear, and that is if Golix has decided to step into the court, then it is important that the exchange should organize its facts so that its case is strong otherwise Golix will not be able to excel in this battle. The Reserve Bank of Zimbabwe should also come out and give a clear explanation of why it took such a strong step against the digital currency investments because this news is alarming and sad for the onlookers. The truth is that when legal actions are taken to ban digital currency operations, then this puts the future of the local currency exchanges on the line. The same happened in case of Golix. The digital currency investors in Zimbabwe are in a dilemma currently, and it is tough for them to deal with this situation. The best approach should be that the investors should wait and let this digital currency scenario clear out in Zimbabwe and should not make any investments at the moment. The post Golix to Challenge the Decision of Reserve Bank of Zimbabwe to Ban Digital Currency appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Golix to Challenge the Decision of Reserve Bank of Zimbabwe to Ban Digital Currency Cryptocurrencies have started their success journey, but the truth is that many are trying to cash out on this success. This is the reason that many digital currency scams have emerged on the forefront in the recent years that need the attention of the authorities. At the moment about 40 regulators in Canada and the US are working to unleash some of the digital currency scams. About 70 investigations cases are in process. If we look at the records, then about 35 cases are pending or completed so far. The basic objective of these investigations is to uncover all the unregistered securities that promise huge returns to the investors. The problem here is that the investors are completely oblivious to the risks they face and these investments can turn out to be a fatal error on the part of the investors. At the moment many of the scams seem to be using the fake addresses. Some of these fake crypto programs are also using the photos of the high-profile individuals. This is why they pose more risk to the investor because they are giving the impression that investing in them is a safe move on the part of the investor. The alarming part is that there is no end to the digital currency scams if the investors dig down into this market. Just last week Wall Street Journal revealed some shocking revelations. If we look at about 1470 ICO records, then the truth is that about 271 of the ICO have red flags. The worst part is that these ICO presented fake executive teams as well. An organization backed by the Chinese government also presented its report recently, and it revealed that currently there are about 421 fake cryptocurrencies. The truth is that this figure is quite high. If we look at the current scenario, then the demand for digital currency is quite high at the moment. This is why most of the investors are even willing to take extreme steps so that they can gain exposure to the digital currency. This is why the risk for the investors has increased in the recent years. The best approach to adopt at this point in time is to uncover all the scams so that investors do not fall prey to these scams. Once the scams are revealed and taken to task, then this will turn out to be a lesson for many. The post Investigations in Full Swing to Expose Digital Currency Scams appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Investigations in Full Swing to Expose Digital Currency Scams There has been a massive advancement in the field of digital currency, and it is receiving support from all the relevant sectors. Just recently, a Hong Kong-based firm named Purse announced its support for the BCH. The company has also taken another major initiative, and it plans to go ahead with the implementation of Bcash. The Bcash can be termed as an alternative implementation of the Bitcoin Cash protocol. After these major developments Purse is all set to celebrate the addition of Bitcoin Cash. At the moment the company has decided to collaborate with Bitcoin Cash fund. Plus, the customers will also be able to acquire a bonus due to this ongoing celebration. The customers can look forward to BCH cashback bonus. Purse wants to make sure that things go as per plan. This is why they plan to test run the Bcash implementation. This way the company will not have to worry about a chance of failure. However, Purse should keep one thing in mind, and that is it will face some teething issues once it decides to go ahead with Bcash implementation. The important thing is that the company should do all the necessary spadework needed to make the launch a success. Secondly, the company has already announced that it will be offering bonuses to the customers. Now, what is needed at this point is a promotion. The purse should offer all the necessary awareness to its customers so that they remain interested in the entire affair. The positive aspect of the whole story is that Purse has made advancement in the field of digital currency. This is surely something to celebrate for the digital currency enthusiasts. If BCH is getting the relevant support from big firms, then this will increase the trust and reliability in the digital currency niche. Plus, more companies will be encouraged to make progress in the field of digital currency because they will be sure about the fact that their effort will not go in vain by any means at all. What Purse should do at this point in time is that they should have a backup plan ready to deal with any mishaps related to Bcash implementation. This way the entire affair will not lose its charm. Let us hope that Purse makes more such moves shortly that can benefit the digital currency industry. This will surely benefit the digital currency community. The post Purse.io Ready to Launch Bcash appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Purse.io Ready to Launch Bcash Bitcoin Cash Network has made some major progress. The network has decided to increase its block size from 8 MB to about 32MB. The increased block size will allow a huge number of transaction processing. Some people have a misconception that the Bitcoin Cash Network will be able to start processing the 32MB block size right away but that is not the case for sure. The truth is that the 32MB code is designed to work in the future. At the moment the developers have increased the block size because the Bitcoin Cash Network has the capability to bear this limit. At the moment the miners decide the limit of the block size and the developers are there to assist the miners so that the blocks can achieve their maximum capacity in the near future. Last year the developers made a serious mistake and that is they allowed the Bitcoin Cash Network to fill up beyond its maximum capacity. However, the developers are trying to ensure that such a thing should not happen again and 32MB block size has been decided after a lot of planning on the part of the developers. If the Bitcoin Cash Network exceeds its capacity, then it will lose its reliability level. Ideally, the block size should only be increased if the miners feel the need. Once the miners have analyzed this need they will also do the necessary transactions. When the block size has been finalized, then it will eventually lead to mass adoption. If we compare BTC and Bitcoin Cash at the moment, then one thing is quite evident at this point of time. The Bitcoin Cash transactions are quite less in comparison to BTC. However, this does not mean that Bitcoin Cash chain does not have much use. The Bitcoin Cash Chain is quite useful. What is needed is proper planning to utilize this chain. One thing can be concluded for sure. The positive development is that the Bitcoin Cash Network can now process 32MB blocks instead of the 8MB. Secondly, there is no denying the fact that the Bitcoin Cash miners do have the capability to process large blocks. After this major development some of the users also feel that block size limit should be removed completely from the Bitcoin Cash Network. It is yet to be seen whether the developers decide to take this suggestion seriously or not. Till then we need to wait for the next move on the part of the developers. The post Bitcoin Cash Network is ready to offer 32MB blocks appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Bitcoin Cash Network is ready to offer 32MB blocks Thailand is leaving no stone unturned to provide a legal framework for the digital currencies. At the moment the private companies and the individual investors have to pay income tax for the digital currency transactions. However, Thailand’s Revenue Department is all set to make some relaxations in this regard. Thailand has decided to waive off about 7% of the tax for all the individual digital currency investors. This tax waive off is only applicable on the digital currency markets that is regulated by the Securities and the Exchange Commission. The main reason that the tax is being waived off is that the Thailand Financial Authorities want to reduce the burden on the individual investors and to help them excel in this respective niche. What the investors need to keep in mind is that they still have to pay the withholding tax that is equivalent to about 15%. This tax needs to be paid on the earning which the trader makes through a transaction. The tax has been waived off for yet another reason as well. The Thai authorities intend to provide a safe trading environment to the investors and encourage them to invest in this field. The truth is that this has been a positive move on the part of the Thai authorities and this step may play a crucial role to promote the digital currency sector. At the same time it is important that the investors should make their investments wisely and develop a strong understanding about the current digital currency market trends. It can be assumed that if this tax waive off measure proves to be effective, then the Thai authorities may adopt some more measures in the near future to promote the digital currencies. The new investors can also cash on this opportunity but ideally they should study the prevalent digital currency market trends in Thailand. This way they will not have to deal with any potential losses. Thailand is gradually developing into a potential hub for digital currency investments. The Thai authorities should ensure that all the companies and the exchanges dealing in digital currency investments should maintain a level of transparency. The Thai exchanges should also try to improve their operations and adhere to the regulations that have been established by the authorities. This way Thailand can lay down an ideal foundation for digital currency investments and there are probable chances for future development as well. The post Thailand all set to waive off some VAT on digital currency transactions appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Thailand all set to waive off some VAT on digital currency transactions Cryptocurrencies is gaining the attention of all the major platforms. Recently, Etoro the social media platform has decided to expand into the crypto space. This platform is planning to offer digital currency investments. Initially, Etoro will be offering about 10 digital currencies to the respective users. However, the company does have plans to add up more digital currencies to Etoro in the near future. The reason Etoro is planning to add up digital currencies is that it has experienced quite a boom when it comes to digital currencies. About 70% of the Etoro users are currently, trading the digital currencies and this venture is going well for the users. The Etoro users will have access to many additional facilities when they decide to use Etoro for trading digital currencies. The users will have the access to different tools and community feeds. The benefit of this practice is that the users will be able to indulge in conversations related to digital currency and they can improve their knowledge. Now, the good news is that Etoro investments can be considered to be safe. This platform was launched way back in 2007 and it is regulated by the Cyprus Securities. The best part is that this platform enjoys a massive number of users as well. At the moment Etoro has about 10 million registered users. This number shows that Etoro has been successful in winning the trust of its clients so far. When you will look at the website of Etoro you will notice the fact that a huge number of open trades are available and this shows that Etoro is quite a happening platform. What Etoro has ensured is that it is just focusing on the element of quality. The platform makes sure that it offers a user-friendly environment to the users. The simplicity of the platform is what has been luring the traders so far. Moreover, the platform is focused upon bringing more improvements so it seems that the success tenure of Etoro is bound to continue. Secondly, Etoro has ensured that it offers multiple investment options to the users. The users have the option to invest in a coin manually. The investors even have the option to copy the traders of other trades. This way the new investors can benefit from the knowledge of the experienced traders. The investors also have the option to invest in the Crypto Copyfund. The diversity of Etoro is appealing and the traders should make sure that they make use of this platform for trading digital currencies. The post Etoro plans expansion and introduces 10 digital currencies appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Etoro plans expansion and introduces 10 digital currencies Bing search engine has decided to take some major steps and it has updated its policy regarding the cryptocurrency ads. At the moment Bing has decided that it will not allow the digital currency ads. The purpose of this move is that Bing is keen to provide a safe environment to its users and they want to offer a reliable digital ecosystem. Apparently, this seems to be a smart move on the part of Bing because cryptocurrency ads can lead the users into opting for digital currency scams. The users who are comparatively new to digital currency are more vulnerable to these scams. The main reason Bing does not want to promote the digital currency ads is that they are not regulated at the moment so the transparency element is missing. This is what eventually poses a major risk to the users who are keen to use the digital currency. If the regulations would have been there, then there is a possibility that Bing may not have been so apprehensive about promotion of digital currency ads. It seems that Bing is quite conscious about its reputation. Currently, it grabs about 60% of the internet traffic so it seems that a lot is on the line for this search engine. The rule to ban the promotion of digital currency ads was initiated in the end of January. The rule explicitly stated that no such financial products should be promoted that can lead to deceptive scams. Well, the truth is that this may not turn out to be good news for all the genuine digital currency ventures because they are being deprived of a platform for promotion. Apparently, it seems that Bing has followed in the footsteps of the major social media platforms like Twitter that have already banned the digital currency ads. At the moment it seems that Bing is not ready to make any relaxations regarding the ban but things may become a bit flexible in the near future provided regulations are established for digital currency Ad promotion as well. It seems that the digital currency community needs to work hard to acquire the trust of search engines like Bing. The digital currency exchanges need to organize their operations and streamline all the essential elements so that search engines like Bing take interest in their promotion. At the moment all this seems hard but this is not an impossible endeavor for sure. The post Bing to ban digital currency ads appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger Bing to ban digital currency ads Switzerland has decided to step into the race and make the relevant progress in the digital currency sector. The good news is that Swiss exchanges are also making progress in this regard. Recently, a Swiss exchange by the name of Dex.Top introduced the concept of smart contracts for managing the decentralized trades. Dex.Top truly deserves credit for being a versatile exchange. The best thing is that this exchange is compatible with RSK and Ethereum networks as well. The exchange makes use of the smart contracts for holding the assets. The good news is that the users of Dex.Top have complete control over their assets and can access them whenever they feel the need. The users also need to sign the transactions related to their assets. All this adds up to the element of security. No wonder the users are willing to invest their trust in Dex.Top. The platform makes use of a specialized algorithm for securing the assets. This algorithm is known as the Rafts algorithm. The goal of this algorithm is to improve the usability and security of the platform. The algorithm makes use of Replayed on chain mechanism. This helps to provide the instant trading opportunity to the traders. At the moment this platform makes use of the ERC-20 framework but the developers are eager to make more progress in the near future. They have made up their mind to add up more public blockchains to this platform. All the exclusive features offered by Dex.Top will be available for the users by the end of May. At the moment the users have to use Metamask as the wallet for managing the Dex.Top transactions. When the users wish to make a deposit or if they want to transfer their assets, then in this case they will have to sign the transaction using the Metamask UI. The exchange Dex.Top is also planning its expansion in the near future. It will be collaborating with other wallets. The only problem with this exchange is that at the moment they have limited volume and the number of users is also limited. However, once the exchange is fully functional, then these limitations will be eliminated automatically and the users will be able to enjoy the facilities offered by this exchange. If Dex.Top operates as per its game plan, then there is no turning back for this exchange and its popularity will surely continue to increase. The post The Swiss crypto exchange Dex.Top is creating headlines appeared first on How to Get Free Bitcoins - Earn Bitcoin Fast in 2018 - BTC Investing. via Blogger The Swiss crypto exchange Dex.Top is creating headlines |
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