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1
News / Trump Wall Talks Reach ‘Tentative’ Agreement
« on: February 12, 2019, 06:31:58 PM »
Trump Wall Talks Reach ‘Tentative’ Agreement – Still Not Enough to Avoid Another US Govt Shutdown?

Just when we thought Congressional leaders were incapable of compromise in order to avoid another government shut down, they surprise us. They announced late Monday that an agreement over border funding had been reached.

Calling it “an agreement in principle”, the tentative agreement provides for about  $1.3 billion for physical barriers along the border. Not only does the agreement not call the security system a wall, as President Trump has deemed it, but the amount is far shy of the $5.7 billion officials stress is needed.

Trump talked about the agreement during his El Paso, Texas rally Monday evening.

https://twitter.com/ABC/status/1095185093633761280

NBC News posted this tweet about the agreement.

https://twitter.com/NBCNews/status/1095179310913138688

WORKERS STILL MUST WAIT
In an impromptu press conference was held Monday night. During it, Sen. Richard Shelby, R-Ala., the chairman of the Senate Appropriations Committee, said he hoped the agreement would be to the satisfaction of the president. Shelby said a final text could be released by Wednesday.

More than 800,000 U.S. government workers and government contractors have worried about being furloughed again as lawmakers wrangle over funding a wall along the U.S.-Mexico border.

You’d think that the elected officials had learned something from the domino effects of the last partial shutdown, which only ended about three weeks ago. That shutdown lasted 35 days, which was the longest in U.S. history.

It seems many have not learned much.  Bipartisan talks broke down over the weekend when Democrats suggested they’d give about $1.6 billion for the wall if reductions were made at immigration detention centers along the border. That was a new demand and it sent Republicans packing.

11TH HOUR, OUT-OF-THE BLUE DEMANDS
The bipartisan talks broke down over the weekend when Congressional Democrats conceded to allowing for some of the $5.7 billion Trump wants for the wall, but the concession came with a catch. A catch that was out-of-the-blue.

Democrats want a reduction in the number of beds at immigration detention centers. These centers are manned by U.S. Immigration and Customs Enforcement, which many Democrats want to be abolished.

Trump weighed in on this via Twitter.

https://twitter.com/realDonaldTrump/status/1094948909657542656

This weekend, stunned Republicans walked away from that ICE idea. Senator Lindsay Graham called the reduction idea “nuts.”

Quote
“The idea that reducing bed spaces available for violent offenders so they can be held and deported as a trade off for the wall [provides incentives for] illegal immigration. [Democrats] truly have lost their way. President Trump is not going to reduce the number of bed spaces available to hold violent offenders who come across our border. He can’t do that, he won’t do that.”

The bed cap is no longer an issue.  NBC News reported late Monday that there was:

Quote
No cap on the number of beds for enforcing immigration laws in the country’s interior.



Democrats have been steadfast in calling for immigration protections. This includes Deferred Action for Childhood Arrivals, or DACA recipients. In January, President Trump provided offered three-year extended protections for these people.

Trump proposed including immigrants with Temporary Protected Status. Democrats didn’t budge.

Mick Mulvaney, acting White House Chief of Staff, said this weekend:

Quote
“We’ll take as much money as you can give us and we’ll often find the money someplace else, legally, in order to secure that Southern barrier. But this is going to get built, with or without Congress.”

Source: https://www.ccn.com/trump-wall-talks-reach-tentative-agreement-still-not-enough-to-avoid-another-us-govt-shutdown

2
News / Indians Lost $2.3 Billion in Remittance Payments in 2018
« on: February 12, 2019, 06:10:11 PM »
According to The Times of India, money transfers cost citizens and non-residents over $2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance.

Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero.

https://twitter.com/NischalShetty/status/1094451582819684352

In 2018, the global average fee for processing remittance payments was 7 percent. The percentage-based fee amounted to a hefty sum of money for expat employees sending money to their families back in India.

PERCENTAGE-BASED FEES ARE THE PROBLEM, IS BITCOIN A VIABLE ALTERNATIVE?
Often, in major remittance markets such as India, China, and the Philippines, it is difficult to process payments through banks and large-scale financial institutions.

Even if the sender of the payment has a bank account, if the receiver of the payment–typically a family member of the sender in a different country–does not have a bank account, the sender has to rely on local remittance outlets and networks to process the payment.

In the Philippines, for instance, millions of workers rely on remittance outlets and microfinancing companies like Lhuiller and Palawan to send and receive payments.

There are tens of thousands of physical locations of remittance outlets in the Philippines at which receivers can cash in and receive payments with low fees.

Whether it is India, China or the Philippines, when the payments are cross-border transactions and are no longer domestic, percentage-based fees are often charged to the receiver.

Due to a relatively high number of individuals in India and the Philippines working abroad as expat workers, the amount of money coming into the local remittance markets exceeds domestic remittances.

The problem is that in most cases, expat workers send money back to India to financially support their families and every portion of the income is crucial for the livelihood of millions of households.

The large transaction fees decrease the amount of money that is obtained by the receiver in India. The Times of India reported that as a consequence, the poorer population of the country are most heavily affected by the fees.

The report read:

Quote
In India’s case, most remittances come from the Middle East, where millions of migrants work as labor. But, transaction fees eat into their earnings.

The main transfer methods are through banks, money transfer operators or post offices. But with any method, a sizeable chunk of the money transferred is deducted by the transferring body.

For domestic remittances, local remittance outlets or money transfer operators can be substantially cheaper and faster. For small payments at least, there are fixed small fees that could easily compete against the transaction fee of Bitcoin payments or of any other major cryptocurrency.

However, for large payments or international transactions, the Bitcoin blockchain network could easily process cross-border transactions at a fraction of the costs involved with traditional remittance methods.

The advantage of Bitcoin over existing financial systems is that the fees of transactions on the Bitcoin network are not percentage-based.

In November 2018, CCN reported that Binance, the world’s largest cryptocurrency exchange, processed $600 million for less than $7.

https://twitter.com/khannib/status/1063068406981767170

In contrast, based on the average 7 percent transaction fee in remittance payments, it would cost $7 to process $100 through conventional remittance service providers.

CAN BITCOIN REALISTICALLY BE IMPLEMENTED?
Bitcoin will likely not be implemented by remittance providers. But, there are companies Rebit and Coins.ph in Southeast Asia that utilize cryptocurrencies to clear remittance payments.

If Bitcoin can be used to transfer money from one region to another and a domestic remittance service provider is used to bring the money to the receiver at the final phase, it could save a significant chunk of the income received by expat workers.

Source: https://www.ccn.com/indians-lost-2-3-billion-in-fees-in-2018-bitcoin-cost-zero

3
News / Bitcoin-Friendly Cash App is Now 2nd Most Popular Apple Application
« on: February 04, 2019, 02:47:41 PM »
Within a decade since its launch in 2009, Twitter CEO Jack Dorsey’s fintech company Square has transformed into a $29 billion digital payments giant and the go-to platform for users to send and receive money and buy Bitcoin.

On February 3, Dorsey revealed that Square Cash (also known as Cash App), one of the most widely utilized mobile payment applications in the U.S. market, became the 2nd most popular free mobile application on the Apple App Store.

HOW DID SQUARE GROW SO QUICKLY?



Like any fast-growing startup, it targeted a niche market in merchants without access to point-of-sale (PoS) terminals and credit card payments.

Previously, it was reportedly illegal for non-registered merchants to accept credit card payments and it was difficult for small businesses to obtain access to financial services.

After its successful start as a merchant-focused payment processor, the company expanded to peer-to-peer mobile payments, releasing Square Cash.

Although some analysts claim that the Bitcoin integration of Square Cash has been overplayed by the media, it has played a vital role in attracting new generation and millennial users.

In November 2017, when Square Cash initially enabled users to buy Bitcoin on the mobile app, the company was valued at $16 billion.

Fast forward 13 months, even after the correction of the U.S. market in late 2018, the firm is valued at $29 billion, $13 billion higher than in 2017.



Square Cash’s core business model relies on its mobile payment application that allows users to send and receive payments instantly with low costs.

But, the integration of Bitcoin by the company strengthened the image of the platform as a forward-looking and innovative mobile application.

Earlier this week, on the Joe Rogan Podcast, Twitter and Square CEO Jack Dorsey said that while he does not know whether Bitcoin will definitively become the currency of the internet, he believes it could be Bitcoin given its performance to date.

Dorsey said:

Quote
“I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be [Bitcoin] given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”

In previous interviews, Jack Dorsey stated that Bitcoin has the potential to become the world’s single currency in ten years, projecting optimism towards its long-term growth.

CAN BITCOIN-FRIENDLY SQUARE SUSTAIN ITS GROWTH RATE?

https://twitter.com/jack/status/1091534556706918402

Wall Street analysts foresee Square performing strongly throughout the years to come with the company’s focus on innovation.

Its most recent product, the Square Card, a Mastercard for merchants, has been  described as “genius” as it allows merchants to withdraw or use funds as soon as they arrive through the app.

In consideration of the reception of the new product, Citigroup analyst Peter Christiansen told Barron’s that new products would continue to help the company move forward and experience rapid growth.

Quote
“[New products]such as Debit Card for Business and Installments, as well as continued cash app/card growth and overall ecosystem expansion help to mitigate the anticipated deceleration in mid-2019,” Christiansen said.

On January 3, the digital payments giant hired Amrita Ahuja as the company’s new chief financial officer, a former CFO of Blizzard Entertainment, to assist the company in building and scaling.

Quote
“Amrita brings the ability to consider and balance opportunities across our entire business, and she will help strengthen our discipline as we invest, build, and scale,” Dorsey said at the time.

As the company strengthens its dominance in the merchant and mobile payments sector, analysts expect the firm to continue seeing growth in multiple areas of the business, including its Bitcoin venture and the newly released debit card.

Source: https://www.ccn.com/jack-dorsey-bitcoin-cash-app-2nd-popular-apple-app

4
Altcoins Discussion / safe investment using crypto? How do you do it?
« on: February 04, 2019, 06:32:45 AM »
how to make an investment that is safe using crypto? does trusting people who get big profits can be trusted without logic? I know that investment in crypto is risky and dangerous if people don't understand it.

5
Forum ANN / 📌📌TAUwork 🏆CONTEST🏆📌📌
« on: January 30, 2019, 07:15:52 AM »
Hello friends, we have new section callet contest under TAUwork board.  Everyone feel free to visit and enjoy your day.

******************
Link:  https://taucointalk.org/index.php?board=124.0

******************
"Don't wait to see the results tomorrow"

6
Forum ANN / [Hot News]⚡️ TAUwork Offer Bounty ⚡️
« on: January 30, 2019, 07:13:53 AM »
To encourage everyone in sharing their talent to TAU community, we’re now launching a bounty program for TAUwork offer.

Starting Today, users who publish a service offer on TAUcointalk forum will be rewarded with at least 1K TAUcoin, up to a maximum of 20K TAUcoin. The amount of TAU bounty depends on:
1. The details of your offer. As a service provider, it is recommended to include as many details about you and your service as possible.
2. Creativity of your services. Start using your imagination and hard work to earn TAU!
3. Popularity of your TAUwork offer thread. We determine the popularity based on number of Views, and number of users commented under your thread.

TAUwork Offer Bounty will continue for 10 days, until 3rd Feb.

more info:
https://taucointalk.org/index.php?PHPSESSID=7adb0c3d863a8688daacca0ec6ffa9b7&board=110.0

7
Altcoins Discussion / 2019 is not bullrun, why?
« on: January 28, 2019, 05:44:36 PM »
Various speculations and statements from several people who influence the increase and decrease in crypto prices, they said that in 2019 a bull run phenomenon will not occur in 2017. why? does the cryptocurrency in the year begin to be abandoned by investors or decrease in interest?

8
Altcoins Discussion / MOVED: Things to know about BUZZEX (BZX)
« on: January 28, 2019, 05:34:36 PM »
This topic has been moved to ICO ANN.

9
This topic has been moved to ICO ANN


10
Altcoins Discussion / Warning!!!!
« on: January 28, 2019, 12:19:24 PM »
Welcome to the Taucointalk forum. first I want to emphasize for this section. This section is only for discussing altcoin and Cryptocurrency discussion. There is no ANN for any ICO projects and promotions. Before making a post, all must follow the rules according to this section https://taucointalk.org/index.php?topic=99.0.
Thank you for understanding.

11
TAU ANN / WEEKLY UPDATE! Jan 26th
« on: January 26, 2019, 12:02:31 PM »
An important week for TAU
- TAU Work is born and committed to bridge global members in TAU community to work for each other.
- New Wallet release on andriod.

In summary, our latest product line will include: Mobile Mainnet( aka, mWallet), web wallet (include faucet), TAU Work. Our dev will stay on this course for a while.

Full details here :
https://www.reddit.com/r/Tau_coin/comments/ajzqer/tau_weekly_jan_29th/

12
TAU ANN / Crypto Trading Services...Pay Once, Enjoy All Year Long
« on: January 26, 2019, 06:11:42 AM »
Cryptocurrency Market Consultancy (CMC) - Crypto Trading

This Company Channel Offers:

-More than 75% Free daily Trading Signal in Bittrex, Binance, Poloniex..
-Uptades and News related to Crypto
-Best  Coins for Long & Short term Investments
-Tutorials for Both Expert and Beginners.

Entry fee: 300 TAU

Please visit our forum for full details. CHEERS!
https://taucointalk.org/index.php?topic=1090.0

13
Contrary to statements from its cryptocurrency-bashing CEO Jamie Dimon, JP Morgan has finally admitted that bitcoin has value, albeit in the unlikely event that the world descends into a “Bird Box”-style dystopia.

If ‘Bird Box’ Comes True, JP Morgan Might Recommend Bitcoin
Writing in a note to clients distributed this week, JP Morgan managing director and analyst Jan Loeys said that bitcoin would only be a useful asset if investors worldwide suddenly lost faith in all major currencies and traditional stores of value, including precious metals.

Loeys wrote:

Quote
We have long been skeptical of cryptocurrencies’ value in most environments other than a dystopian one characterized by a loss of faith in all major reserve assets.

Outside of an apocalypse, the JP Morgan analyst said that it’s difficult to imagine cryptocurrency proving to be a better economic hedge than other alternative assets.


“Even in extreme scenarios such as a recession or financial crises, there are more liquid and less complicated instruments for transacting, investing and hedging, in part due to the scale afforded by fiat currencies’ legal tender status,” Loeys said, noting that the cryptocurrency market had failed to outperform the traditional financial markets during previous periods of economic uncertainty such as summer 2015 and February 2018.

However, Bitcoin has grown up during one of the stock market’s most impressive bull runs in history. It has never had the opportunity to distinguish itself during a true economic recession. Perhaps the bears are right, and it will fail that test too, but it’s unfair to extrapolate too much from bitcoin’s underperformance during a couple of short-term hiccups in a much longer rally.

Elsewhere in that same note, Loeys issued a bearish price forecast for bitcoin, predicting that the flagship cryptocurrency could crash as low as $1,260, representing a 64 percent haircut from its present valuation and a nearly 94 percent drawdown from its all-time high.

Bitcoin Lone Currency Survivor in Nuclear War
Maybe it has something to do with the fact that the Doomsday Clock remains at just two minutes to midnight, but this isn’t the first time this week that a prominent analyst has explored bitcoin’s utility in a potential dystopian future.

https://twitter.com/voxdotcom/status/1088467713863774210

Earlier this week, bitcoin evangelist Charlie Shrem published an op-ed arguing that bitcoin would be the only currency that could survive a nuclear war. The Bitinstant founder said that bitcoin would be “highly durable” since its public ledger would remain secure as long as one full node continued to function until civilization had been rebuilt. Bank balances, in contrast, “would suddenly become meaningless” since “the banks would stop operating the day the first nuclear bombs detonate.”

“As long as there is at least one node running Bitcoin, the Bitcoin network will continue to function,” he wrote. “It is highly likely that many Bitcoin nodes would survive even the worst nuclear attack since nodes are scattered worldwide, and they could communicate with each other via satellite internet.”

Source: https://www.ccn.com/bitcoin-valuable-in-a-dystopia-but-not-anywhere-else-jp-morgan-analyst/

14
The Fremont Police Department has announced that it is launching a pilot program to use electric vehicles to reduce carbon emissions while patrolling the sunny California locality, and it’s turning to hometown company Tesla for help.

Tesla: Coming Soon to a Police Department Near You?
The first stage of the ongoing pilot makes use of a Tesla Model S that has been customised to meet the police department’s automotive needs. According to the statement released on Wednesday, the department is considering the possibility of adopting electric vehicles to replace its entire fleet of patrol cars if this pilot program shows positive results.



In 2017, the city of Fremont, California – which is home to Tesla’s assembly factory – put a team together to study the possibility of Fremont relacing its combustion engine patrol cars with electric vehicles. Drawing on expertise from various parts of the city government including the police, finance, public works, and engineering departments, the team set about drawing up a plan to cut down on carbon emissions.

Under the pilot program, three charging stations and a solar-powered carport will be installed within the police complex. The program will be monitored closely by a team which will assess the police-owned Tesla Model S based on costs, performance, and durability.

Speaking about the program, Sean Washington, the department’s police captain, said:

Quote
The electric patrol vehicle pilot program is an extension of the City’s clean technology and smart city initiatives to help make Fremont a more sustainable community. Given that Fremont Police vehicle fleet is responsible for a total of 980 metric tons of carbon dioxide emissions annually, this program has the potential to eliminate 10 percent of all municipal greenhouse gas emissions.

Fremont Says it’s Not Just A Gimmick

https://twitter.com/FremontPD/status/1088281856427012096

The Fremont police hope that the Model S will save the department money in the long run even though the cost of buying it and modifying it to law enforcement standards are relatively high compared to conventional vehicles. According to the police, the used 2014 Model S was purchased for $61,478.50 and has so far taken an additional $4,447 to refit and equip to meet the demands of a patrol vehicle.

By comparison, the standard issue Ford Explorer used by the police department costs just $40,000 up front but incurs an additional $47,000 in fuel and maintenance charges over a five-year period. The Tesla is expected to deliver significantly lower maintenance costs because it has fewer internal moving parts, which results in fewer mechanical problems. It is also expected to last longer in service.

If the city eventually decides to scale up its electric vehicle program for the police department, it could potentially cut down greenhouse emissions by at least 10%. The use of electric vehicles like the Tesla Model S is also likely to reduce noise pollution, as unlike internal combustion engines, electric vehicles are relatively quiet.

Source: https://www.ccn.com/not-quite-robocop-fremont-police-announce-electric-cop-car-trial-with-tesla-model-s/

15
The world is watching complete chaos in Venezuela, which is dire financial straits. Crypto investors who steered clear of a crypto offering peddled by the country’s president should be breathing a sigh of relief.

Venezuela’s president Nicolás Maduro is being ousted over the country’s miserable financial situation.  Opposition leader Juan Guaidó announced himself as the country’s new leader this week.



Under Maduro’s leadership, which has been deemed a dictatorship, the country’s economy suffered immensely. The most staggering figure that sums up how bad the country’s economy has gotten relates to inflation. It’s up a mind-boggling 10 million percent.

Millions of people have packed up and left the country. Those who have stayed must deal with power averages and short supplies of basics like food and medicine.

Maduro said he wanted to help the country’s economy. To help, Maduro proposed the Petro.

To much fanfare, Maduro announced last fall that the Petro was available for sale. Buyers could purchase the token with Bitcoin and Litecoin. The problem was — and continues to be — that there’s little, viable proof.

In October, CCN reported that Venezuelans weren’t even buying the Petro. Instead, they were loading up on Bitcoin. For instance, Bitcoin trading volumes in the country hit unprecedented highs. The country became known as being the home of the most prolific bitcoin traders on earth relative to the country’s population.

Ramming Petro Down Investors’ Throats


Maduro reacted by ordering local banks to accept the Petro and even hinted at charging for exports in it. There were also reports that pensioners’ bolivars from their accounts and replacing them with their cryptocurrency, the Petro.

Maduro touted the Petro as a means to help the country right its financial ship. The Petro is backed by the country’s oil reserves, Maduro claimed. Venezuela has the world’s largest oil reserves.

Savvy observers dismissed that reasoning. They believe Maduro pushed for the token as a means to circumvent the U.S. economic sanctions.

CCN reported that the sanctions were debilitating, so Maduro moved to monetize the country’s primary export product to a vast global market of investors without needing the U.S. Dollar.

Venezuelan officials claimed funds from investors all over the world would flow into a specific region. That would lead to job creation and breathe new life into Venezuela’s creaking oil export industry.

A Reuter’s investigation debunked that claim.

New Leader Doesn’t Care for Petro At All
Guaidó has made his disdain for the Petro clear. He believes it’s a scheme by Maduro to exploit the public.

Take these tweets from Guaidó from 2017.

https://twitter.com/jguaido/status/946151505463308288

Guaidó Gets Congrats From World Leaders, Except These Guys
U.S. President Trump took to Twitter Wednesday to recognize Guaidó as the interim leader.

https://twitter.com/realDonaldTrump/status/1088146315979251717

Other world leaders who support Guaidó include Canada’s Minister of Foreign Affairs and Foreign Secretary. The Secretary, Jeremy Hunt, tweeted:

https://twitter.com/Jeremy_Hunt/status/1088485297929834496

The U.K. and several South American nations followed suit.

Maduro has some support from other nations. Mexico, Turkey, China, and Russia have had his back. CCN reported that the Petro was the work of a joint collaboration between Venezuelan and Russian government officials with Putin’s personal approval.

Having Trump’s support is important, notes Clay Porter of Navigant Consulting. Porter heads investigations in the Global Investigations & Compliance practice of the firm.

He told CCN:

Quote
I don’t think the opposition leader would want to double down on a mechanism that was meant to circumvent U.S. sanctions. From a political sense, it wouldn’t make any sense [for Guaidó] to embrace [the Petro] if the U.S. government is supporting him.

Protests Plague Beleaguered Nation
Maduro was sworn in for a second term at the beginning of the year. His election was immediately criticized.

Guaidó is pushing for free and fair elections to be held ASAP. He’s called on the Venezuelan military to disobey orders from the government. Maduro has significant support among military leaders.

An estimated 26 people died this week in protests.

Source: https://www.ccn.com/venezuela-gives-maduro-the-boot-will-this-be-the-end-of-his-petro-cryptocurrency/

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