Connect with us

#Blockchain

South Europe: The leading region for cryptocurrency and blockchain

Published

on

Southern Europe is gearing up to become the premier regions for cryptocurrency and blockchain technology. The Mediterranean Seven agreement was signed

Southern Europe is gearing up to become one of the premier regions for cryptocurrency and blockchain technology. In early December, the Mediterranean Seven agreement was signed between Portugal, Spain, France, Italy, Greece, Cyprus, and Malta. These seven countries are working together to promote blockchain technology across the Mediterranean and the adoption of different cryptocurrency technologies. These seven countries together represent a huge economic group and is a very exciting innovation to see happening.

 

Recent Updates:

Malta:

Malta has done amazing things for blockchain and cryptocurrency regulation over the last year. Inviting companies from all around the world to come and set up their business in Malta. Some of the big names like Binance have made a lot of headlines by moving their base to Malta and a lot of others are planning to join the party as well. So Malta has been making a lot of strides when it comes to cryptocurrency. Allot of other countries should learn from their lead and they see a great opportunity in cryptocurrency in the same way they say a great opportunity in online gambling. For a little country like Malta, it can make a big impact on their tax revenues in the long term.

 

Italy:

Recently, the Italian government has published a list of thirty experts that they are bringing together to develop the nation’s blockchain strategy. The group is specifically focused on identifying the use cases of blockchain in the public and private services and developing the necessary technical and regulatory tools to promote the adoption of the technology. That’s a great step by Italy to get people to really get committed to doing it and it represents a positive step forward.

 

Spain:

Spain’s ruling party Partido Popular is introducing draft legislation around things like tax cuts for cryptocurrency companies. Also looking at how they can set up a national council for cryptocurrency and of course faster education of blockchain technology inside the country. Spain is no stranger to cryptocurrency by any means as its a very popular marketplace for cryptocurrencies and also we have seen some interesting innovations happening recently in Spain like for example cyclebit rolling out their cryptocurrency payment processing to 130 different cafes across Spain, Spain’s second-largest  bank; Banco Bilbao Vizcaya and Argentaria has closed a 150 euro loan using blockchain technology with Porsche Holdings which is one of the largest car distributors in Europe and also Spanish renewable energy company Acciona Energia  is going to deploy blockchain to trace electricity generation. So Spain has been doing quite a lot of work.

 

France:

France, which is one of the leaders behind the initiative to set up the Mediterranean Seven. We have seen a lot of back and forth on cryptocurrencies recently. Recently all of the people we excited about all the tobacco stores offering bitcoin for sale and that is exciting as it does visualize bitcoin to a large audience of people. But the best excitement is the government of France putting forward 500 million euros towards blockchain technology and hopefully, they will find some great use cases in France for blockchain technology and the country can become a leader in this. We can add into that the recent innovations towards ICO legislation but at the same time, the lower house of the France parliament has rejected recent amendments that would have seen the 2019 finance build easing cryptocurrency related taxation but unfortunately, that didn’t pass.

 

Greece, Cyprus, and Portugal

Up to this time, we haven’t really had any recent announcements out of any of those three countries but nevertheless, these countries are a part of the Mediterranean Seven and we hope that we will soon see some announcements from them in the near future about how they are hoping to integrate blockchain technology and how they are hoping to pass cryptocurrency friendly regulations etc.

 

What do you think about the adoption of blockchain technology and cryptocurrency by these seven European nations? Tell us your thoughts in the comments section below.

Continue Reading
Advertisement Cryptocurrency & Blockchain Domain Names
6 Comments

6 Comments

  1. Pingback: South Europe: The leading region for cryptocurrency and blockchain - Coinnounce - Crypto Ventures

  2. Pingback: South Europe: The leading region for cryptocurrency and blockchain - Satoshiuncle

  3. Pingback: The leading region for cryptocurrency and blockchain - Satoshi Nakamoto Blog

  4. Pingback: The leading region for cryptocurrency and blockchain – Stablecoin Guide

  5. Pingback: The leading region for cryptocurrency and blockchain – btcinfo

  6. teresebullen224

    January 20, 2019 at 5:40 am

    May I simply say what a comfort to discover an individual who truly understands what they are talking about on the internet. You actually realize how to bring a problem to light and make it important. More and more people really need to look at this and understand this side of the story. It’s surprising you are not more popular since you definitely possess the gift.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

#Bitcoin

Can Bitcoin be Traced?

Published

on

Earlier it was challenging to trace Bitcoins, but current technology has led to practical ways of tracking stolen bitcoins.

Earlier it was challenging to trace Bitcoins, but current technology has led to practical ways of tracking stolen bitcoins.

To track the person who received the bitcoin, the address owner must be aware of it.

However, governments do not want bitcoin owners to be unknown, and they are trying to regulate bitcoin in a way that can be monitored.

It’s nothing new since people have been doing blockchain analysis and bitcoin tracking since bitcoin was used to exchange stuff on the internet.

 

Is Bitcoin Anonymous?

As Bitcoin has become more popular and some criminal activity has been disclosed on the Bitcoin network, many people have wondered whether their Bitcoin transactions are anonymous or whether there are some essential complexities that they should be aware of.

Bitcoin tumblers allow many different users to put their cryptocurrency in a “bucket” and then return the same bitcoin value to each user, but with bitcoins put into a bucket by other users.

Bitcoin is not entirely untraceable, but it is a common misunderstanding, as Bitcoin is well known for masking user identity.

 

Users who rely on bitcoin exchanges ( such as Bitfinex, Binance or Kraken ) to exchange money for bitcoin must disclose their personal information to such an account.

However, governments are beginning to introduce new rules that could force an anonymous Bitcoin exchange to verify the identity of a new user before allowing them to purchase Bitcoin with fiat currency.

Create multiple addresses so that bitcoin can be randomly distributed, making blockchain analysis more difficult and anonymous.

 

Bitcoin is often presented as an untraceable payment method that facilitates illegal activities by allowing criminals to make and receive payments without being monitored.

There are many ways in which the identity of a person can be exposed to bitcoin transactions.

 

Now you have your bitcoin clean; you don’t want to waste all the hard work of using it in a trackable transaction.

As such, if you can pay with bitcoin and rely on the trader not to keep any PII records, the purchase may be anonymous.

If you prefer to spend your bitcoin on other cryptocurrencies or cash, the easiest thing to do would be to go to the exchange.

Portfolios, currency exchanges, mixing companies, and P2P sites have all been used to cheat bitcoin users.

Keep in mind that bitcoin is still the most widely accepted cryptocurrency.

 

Bitcoin is the only virtual currency with enough people who want to buy it to become moldy.

Cybercriminals use the creation and monitoring of Bitcoin portfolios, which can be done automatically, helping them find out which victims have paid.

Bitcoin transactions are public and contain all the information we need to track ransom payments, provided that we know which wallets to look at.

In most cases, payment tracking is not as easy as cybercriminals move bitcoins through multiple wallets to avoid payment tracking.

 

So, if you’re still thinking about using Bitcoin for your transaction gateway, be careful that you can track it as well.

Most users use online bitcoin exchanges to exchange bitcoins for real currency, such as bitpay, coinbase, localbitcoins, etc.

As the number of pro traders is slightly lower in online markets, it is easy to look at the bitcoin transaction by going to their bitcoin address.

 

Oaktar can be used to collect much more than the information needed to identify and link someone to specific Bitcoin addresses and transactions and can do so without relying on cryptocurrencies.

As alarming as oaktar and its activities, no new information has recently emerged to indicate that the NSA has expanded its Bitcoin monitoring efforts to other cryptocurrencies.

These protocols include CoinJoin, Dark Wallet, bestmixer, io, sharecoin, and coinwap, all of which also offer Bitcoin and other cryptocurrencies the possibility of anonymizing their transactions.

In the meantime, the more direct and intrusive methods of the NSA are also based on the fact that crypto users unconsciously compromise their internet connections, which could not be expected to monitor all cryptocurrency transactions in mass.

 

Bitcoin, the Internet currency loved by computer scientists, libertarians and criminals, is no longer vulnerable.

But Bitcoin ‘anonymity is also a powerful tool for criminal financing: virtual money can keep shady transactions secret.

Continue Reading

#Blockchain

Forbes releases top 50 blockchain companies list

Published

on

Forbes has released top 50 blockchain companies using blockchain technology list and these are almost all household names of the world's largest companies.

Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum.

 

Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies.

 

Companies choosing Ethereum according to Forbes:

Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time.

 

All the top 10 companies are located in China or the United States.

The Top 10 (Forbes List):

10. Ping An Insurance Company: China

9. Bank of China: China

8. Apple: United States

7. Wells Fargo & Company: United States

6. Bank of America: United States

5. Agricultural Bank of China: China

4. Berkshire Hathaway Inc: United States

3. JPMorgan Chase & Co: United States

2. China Construction Bank Corporation: China

1. Industrial and Commercial Bank of China: China

 

Continue Reading

#Blockchain

JPMorgan expanding itself into the blockchain and crypto space

Published

on

JPMorgan Chase has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, the job listing portal.

JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise.

 

JPMorgan Entering the Cryptocurrency Space:

Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency.

 

Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady.

 

Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature.

 

Large companies entering the Blockchain Space:

In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.