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News / Parliament Approves Crypto Bill to Combat 'Financial Blockade'
« on: November 24, 2018, 07:02:00 AM »
The Constituent National Assembly of Venezuela has approved a bill on cryptocurrency regulation, the country’s Ministry for Communication and Information reported Nov. 21.

The law was proposed by the country’s leader Nicolas Maduro and consists of 64 articles and five transitory provisions. It validates Petro, Venezuela’s controversial oil-backed cryptocurrency, as a unit of commercial exchange within the country, and states that goods and services can also be purchased with Petro.

According to Cuban state news agency Prensa Latina, the Assembly has also approved amendments to current anti-money laundering lawс. Under the new rules, Venezuela’s crypto exchanges are reportedly allowed to carry foreign exchange operations using Petro.

As per Andres Eloy Mendez, the head of the special commission on crypto frameworks cited in the Ministry’s official release, the new measures are being taken primarily to combat the “financial and commercial blockade” from the U.S. government. Mendez said that Petro can help effectively avoid sanctions and to establish new international business relationships, as it is not controlled by the state’s central bank and, therefore, cannot be a subject to any restrictions.
Venezuela officially launched the Petro for sale in late October. The state-issued cryptocurrency can only be purchased at the official website or in public offices, as the Petro digital wallet has been suspended by Google.
As Cointelegraph previously reported, Maduro along with Venezuela’s establishment, has been actively involved in Petro promotion since it was first announced in December, 2017. In August, Venezuela’s president offered to use the coin as a unit of account for salaries, goods and services.

In September, Maduro claimed that Petro will be used for international commercial transactions. Finally, Maduro was among the first officials who registered at Petro’s website and bought the digital currency.

Maduro's Claims on Petro
Most recently, the head of Venezuela’s state oil company Manuel Quevedo announced that the country will present Petro as a unit of account for crude oil trading to the Organization of the Petroleum Exporting Countries (OPEC) in 2019.

This summer, Wired magazine called the national cryptocurrency a "smoke curtain" to conceal Maduro's recent failure to reanimate the country’s fiat, the sovereign bolivar. Earlier this year, a Reuter's report claimed that Petro was not backed by oil nor mined anywhere in the country. More recently, the Economist, in its turn, noted that Petro is not listed on any of the world’s major crypto exchanges.

Source : https://cointelegraph.com/news/venezuela-parliament-approves-crypto-bill-to-combat-financial-blockade?utm_source=telegram0&utm_medium=social

News / BitPay COO Sonny Singh: Bitcoin Could Hit $15-20K by End of 2019
« on: November 23, 2018, 05:11:57 PM »
The Chief Commercial Officer (COO) of global crypto payment processor BitPay has ventured that Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019. The COO, Sonny Singh, made his forecast during an interview with Bloomberg Nov. 22.

In the midst of a bearish market picture – with Bitcoin down over 32 percent in value on the month – Singh said that he expects the next big price action to come when mainstream financial sector giants such as Fidelity and Intercontinental Exchange (ICE) start to launch their crypto-based investment products next year.

The financial giants’ entry into the space could catapult Bitcoin’s price to as high as $15,000-$20,000 by the end of 2019, Singh told reporters.

Aside from traditional financial incumbents’ launch of crypto-based products, Singh pointed to structural changes in the crypto market itself, with stalwart companies such as U.S. crypto exchange and wallet provider Coinbase and crypto bank Silvergate gearing up for possible initial public offerings (IPOs).

Singh forecast that next year would therefore herald an “exciting” moment: the launch of a crypto-based exchange-traded fund (ETF) by a “Blackrock-type” company or a Fidelity product will energize the space as traditional players jostle for market dominance against “the Bitpays and Coinbases” of the sector.

Singh nonetheless drew a firm distinction between Bitcoin and altcoins, arguing that:

“There’s a night and day difference between Bitcoin and everything else. Bitcoin is the under pound gorilla, it’s the one that has the mass network effect… [the one] the traditional financial incumbents are building products around. Other [crypto assets] […] I don’t know what’s going to happen to them.”

Remarking that “the ICO market is pretty dead right now,” Singh also suggested that signs of increased intervention from the U.S. Securities and Exchange Commission (SEC) does not bode well for the future of the token space.
In an interview this September, Singh outlined a broadly similar argument that the crypto markets are on the threshold of a certain “defining moment,” which will come with big institutional investor market entry, set to “become real” in 2019.

Source: https://cointelegraph.com/news/bitpay-coo-sonny-singh-bitcoin-could-hit-15-20k-by-end-of-2019?utm_source=Telegram&utm_medium=social

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool.

Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300 per coin.

The decline has resulted in a similar drop in mining profitability and forced Chinese operators to sell their mining devices at a loss, according to 8BTC. The news outlet has reported that the miners are being sold “by kilo,” citing a post made by the founder of F2Pool on the Weibo microblogging platform.

Crypto miners are reportedly especially eager to sell the older models, including Antminer S7, Antminer T9, and Avalon A741, as these have reached their “shutdown price.” According to local Chinese outlet Tencent News, the earnings from mining are no longer enough to cover electric power and other associated costs.

The market slump has reportedly affected mostly small and medium-sized mining operations in the Chinese regions of Xinjiang and Inner Mongolia. There, 8BTC reports, some mining machines are being sold on the second-hand market for merely 5 percent of their original value. A mining machine bought at a price of up to 20,000 yuan ($2,885) a year ago is reportedly currently sold for just 1,000 yuan ($144).
Bitcoin’s price has kept falling, along with the rest of the crypto market, since the hard fork network upgrade of Bitcoin Cash (BCH) that took place Nov. 15. The update has led cryptocurrency exchanges around the world to suspend BCH trading and withdrawals.

Earlier this month, Bitcoin mining giant Bitmain announced plans to reach out to local mining farms in the coal-rich province of Xinjiang, and deploy around 90,000 Antminer S9 devices in the region. Bitmain’s move is reported to be a strategic one in the computing “power war” associated with the BCH hard fork.

At press time, the crypto markets have calmed down, with most of the top ten cryptocurrencies seeing only mild losses. BTC has today hovered between $4,450 and $4,630.
In September, the CEO of F2Pool published an infographic that indicated that if Bitcoin price would reach lower than 36,792 Chinese yuan (about $5,376), mining the cryptocurrency with an Antminer T9 would become unprofitable. In the case of an S7 model miner, the break-even point amounted to a significantly higher Bitcoin price point of about 79,258 yuan (about $11,581).

Source: https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline?utm_source=Telegram&utm_medium=social

The South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding (MoU) with Yonsei University to collaboratively work on the development of blockchain talents, says a Tezos official press release published Nov. 21.
The new agreement between the Tezos Korea Foundation and Digital Society Research Center at Yonsei University in Seoul aims to provide “blockchain education cooperation, training of OCaml [Objective Calm] and smart contract experts.” The MoU is primarily focused on human resources and education in the blockchain technology industry. The press release states:

“Through this agreement, both sides will strengthen the expertise of the blockchain and education expertise, and discuss various cooperation opportunities to lead the blockchain field.”

Back this summer, the Tezos Foundation had already announced a public call for research grants in July. Later, Tezos provided financial grants to four research institutions for blockchain tech and smart contracts development, as Cointelegraph reported Aug. 10.
Also this summer, the Tezos Foundation announced that PricewaterhouseCoopers Switzerland (PwC) — one of the four largest professional services networks in the world, commonly known as the “Big Four” — would conduct an external audit of its finances and operations, Cointelegraph wrote Jul. 24.
Previously this week, Japanese banking giant Sumitomo Mitsui (SMBC), the Ethereum Foundation, and the University of Tokyo jointly announced an education course, dubbed “Blockсhain Innovation Donation Course,” in the university’s graduate school of engineering.

Source : https://cointelegraph.com/news/tezos-korea-foundation-partners-with-yonsei-university-for-blockchain-development?utm_source=telegram&utm_medium=social

Welcome | Let's introduce / Re: This I'am
« on: November 16, 2018, 06:01:33 PM »
Okay, congratulations on joining the Taucointalk forum. Let's start to guide you to learning about what is a cryptocurrency and how it works.

Sell TAUcoin / Re: sell tau to best offer
« on: November 16, 2018, 03:39:12 AM »
You selling on group telegram here

Forum ANN / Re: Taucointalk project plan
« on: October 31, 2018, 09:15:45 AM »

Good idea, when Will launch?

Keep patient,later it will be announced when it's ready

Currency exchange / Re: TRADE
« on: October 29, 2018, 05:15:55 PM »

Voting / Re: Token Symbol for Taucointalk forum
« on: October 29, 2018, 04:10:39 PM »
TCT is good nickname symbol

Bounty / Re: Developer Bounty
« on: October 25, 2018, 06:48:34 PM »
How can i join the bounty??

You just have to join our discord, and see the bounty section, there will be any commands to do

Trading / Re: taucoin
« on: October 23, 2018, 10:42:59 AM »
If you haven't got a buyer try to join our Telegram for buyer and seller

TAU Early Investors / Re: What it means to be an INVESTOR <3 <3 <3 :D
« on: October 22, 2018, 05:11:17 PM »
Based on what happened on the 18th  when the exchange was launched, There is  a great potential with this  project and I will support the idea that the community will have to support and sustain this project to its best height. Let be part of each swap both in Taucoin and in BTC.

It's true that a strong community will make these projects grow.

we must all keep searching for some ways to efffectively further the usage of TAU. Time invested in research will someday payoff.

We have to find active investors and active communities to always market these projects

Meetup discussions / Re: ONLINE MEETUP IN AFRICA.
« on: October 22, 2018, 05:06:02 PM »
we will always be happy to support the offline meetup team in Nigeria and Africa and i believe it will be a boost to taucointalk.

Thank you for your attention to TAU projects, always visit the official website and telegram to get information about projects

News / Project Launches New Blockchain-based Marketplace
« on: October 22, 2018, 12:29:32 PM »
A project called Nasdacoin is planning to open a new online marketplace where users can buy and sell products, as well as services to each other, directly using the company’s cryptocurrency as a payment method. The new multilateral platform is to be launched on Oct. 30, 2018, when the final testing is completed. The platform features will include geolocation, which means it will display ads for the services that are relative to where the user is located.
The team has also decided to integrate blockchain technology with gambling. The company is planning to launch its own casino in January 2019. Nasdacoin (NSD) would be the main currency for buying chips and getting awards for this service.
The company also offers trading within its peer-to-peer exchange platform which is available on their website, and as an App for Android or IOS. Users can compare and find the best rates, do internal or external cryptocurrency exchange, and convert NSD into Bitcoin and vice versa. For users that want to exchange NSD directly to fiat currency and withdraw it, the company is developing a Nasdacoin Card. When the card is launched, it can be used for online purchases, just as you can already do with Visa credit cards.
Opportunities with NSD

Nasdacoin is a virtual cryptocurrency that was developed using the script algorithm in the POW/POS Hybrid format. According to CoinMarketCap, NSD hit a one-day volume of $87,639 on October 16. NSD had a market cap of more than $6 million.
The company says that anybody can get the Nasdacoin cryptocurrency using Proof-of-Stake (PoS) mining. Users need to acquire a certain amount of NSD and keep that digital money in their Nasdacoin wallet for a minimum of 15 days and a maximum of 90 days, until these coins start to mine new blocks. Nasdacoin also offers its’ Affiliate Program which promises additional profit. 
The Nasdacoin team hopes that new features and its Affiliate Program will help create a strong internal community, and make Nasdacoin one of the major currencies on the digital market in a very short period of time.

Source : https://cointelegraph.com/news/how-to-buy-smartphone-for-crypto-project-launches-new-blockchain-based-marketplace

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