GameUnits(UNITS)

BlockDAG Presale and Home Mining Rigs Attract Investors for Potential 5000x ROI As Bitcoin Hits ATH and XRP Price Surges  As Bitcoin reaches unprecedented highs and XRP continues its upward trajectory, the crypto market has become a focal point for investors seeking lucrative opportunities, with BlockDAG’s ascent capturing significant attention. […]

"It's no secret that I have a wallet with 250,000 Ethereum units," Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October.

BTC Digital used to be a chain of English schools based in Shenzhen. Now it has mining farms in Pennsylvania and Tennessee.

Building Trust in Web3: How Bitget is Pushing the Envelope Bitget Redefines Web3 Trust Through Customer-First Initiatives The Web3 ecosystem is growing rapidly, and though its rise has seen numerous intriguing innovations and services, it is no stranger to mishaps and missteps. From protocol hacks to exchange liquidity drying up, the crypto industry is now characterized as a wild west that demands proper policing. This sentiment is not unjustified. Regulators around the world are now beginning to demand accountability from firms serving the digital currency ecosystem. This scrutiny usually centers on crypto startup licensing or know-your-customer (KYC) and anti-money laundering (AML) implementation. Further complicating these matters is that each country has unique regulations for these demands. Nonetheless, a certain level of reliability is in demand for the crypto industry, and countries are following suit. How Bitget is Fitting into These Complex Regulatory Environments Bitget was founded as a futuristic trading platform with a commitment to align with regulations regardless of the country. While this commitment can be challenging, Bitget is built with a strong value system that cannot operate without complying with local regulators. The European Union is currently touting their Markets in Crypto Assets (MiCA) regulation, which has been seen as a comprehensive move toward protecting consumers while promoting crypto industry innovations. The MiCA framework was officially passed by the European Parliament in April with implementation arriving in 2024. In line with the EU helping tame the crypto industry, Bitget has been proactive in accepting and implementing regulatory demands. From the differences in taxation to the implementation of the 5th and 6th anti-money laundering directives, Bitget’s system is designed to help users and clients stay on the right side of regulators. The Core Bitget Products that Fosters Regulatory Compliance One of Bitget’s top features is their impressive 244% reserve ratio. Since liquidity is one of the most important issues for regulators, Bitget has emphasized stability when building confidence for its varied markets and customers. The platform holds 2.5 times the total amount of customer funds as its reserve asset. This solid block of liquidity means Bitget can meet redemption at any time, regardless of the broader market condition. Some earlier bankrupt crypto platforms had a history of commingling customer funds, which is one of the reasons for their swift demise. The custody of user assets on Bitget is separate from other fund classifications and this can be verified at any time through their detailed and accessible proof-of-reserve. This transparency is one of Bitget’s biggest initiatives to build trust. The Bitget Protection Fund Considering the complexity of the ever-evolving crypto market, Bitget also has introduced the Bitget Protection Fund. This fund is a deep liquidity pool that serves as insurance that users can turn to in the case of mishaps. Though Bitget is built for safety and the platform’s firewall is battle-tested, the Protection Fund is its way of going the extra mile in safeguarding its users’ hard-earned capital. The fund is currently valued at $350 million. The platform regularly monitors the liquidity pool and the underlying industry cybersecurity landscape to ensure that the fund remains adequate for user protection. At the moment, the fund is hosted by three, highly-liquid, non-Bitget affiliated digital currencies. These cryptocurrencies include Bitcoin (BTC) which holds a total of 6,500 units, USDT which holds $120 million worth, and USDC which holds approximately $40 million worth. The wallets holding the Protection Fund can be viewed on-chain to confirm their value. According to the exchange, users who have their accounts compromised or assets stolen due to uncontrollable events may make a claim. Bitget is committed to preserving this fund for the next three years, a move that highlights their focus on driving sustainability. A popular Web3 saying goes “Trust But Verify.” Everyone is encouraged to visit the Bitget website to read more and verify the exchange’s proof-of-reserves and Protection Fund for themselves. After all, DYOR. Conclusion A lot has happened in the crypto industry over the past few years that calls for caution. With growing demands from regulators, it is important for users to pitch a tent with a trading platform that adheres strictly to tenets of transparency and prioritizes user safety. Bitget fits this profile better than most, and has the mandate to continuously enhance its systems to serve everyone accordingly. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Building Trust in Web3: How Bitget is Pushing the Envelope Bitget Redefines Web3 Trust Through Customer-First Initiatives The Web3 ecosystem is growing rapidly, and though its rise has seen numerous intriguing innovations and services, it is no stranger to mishaps and missteps. From protocol hacks to exchange liquidity drying up, the crypto industry is now characterized as a wild west that demands proper policing. This sentiment is not unjustified. Regulators around the world are now beginning to demand accountability from firms serving the digital currency ecosystem. This scrutiny usually centers on crypto startup licensing or know-your-customer (KYC) and anti-money laundering (AML) implementation. Further complicating these matters is that each country has unique regulations for these demands. Nonetheless, a certain level of reliability is in demand for the crypto industry, and countries are following suit. How Bitget is Fitting into These Complex Regulatory Environments Bitget was founded as a futuristic trading platform with a commitment to align with regulations regardless of the country. While this commitment can be challenging, Bitget is built with a strong value system that cannot operate without complying with local regulators. The European Union is currently touting their Markets in Crypto Assets (MiCA) regulation, which has been seen as a comprehensive move toward protecting consumers while promoting crypto industry innovations. The MiCA framework was officially passed by the European Parliament in April with implementation arriving in 2024. In line with the EU helping tame the crypto industry, Bitget has been proactive in accepting and implementing regulatory demands. From the differences in taxation to the implementation of the 5th and 6th anti-money laundering directives, Bitget’s system is designed to help users and clients stay on the right side of regulators. The Core Bitget Products that Fosters Regulatory Compliance One of Bitget’s top features is their impressive 244% reserve ratio. Since liquidity is one of the most important issues for regulators, Bitget has emphasized stability when building confidence for its varied markets and customers. The platform holds 2.5 times the total amount of customer funds as its reserve asset. This solid block of liquidity means Bitget can meet redemption at any time, regardless of the broader market condition. Some earlier bankrupt crypto platforms had a history of commingling customer funds, which is one of the reasons for their swift demise. The custody of user assets on Bitget is separate from other fund classifications and this can be verified at any time through their detailed and accessible proof-of-reserve. This transparency is one of Bitget’s biggest initiatives to build trust. The Bitget Protection Fund Considering the complexity of the ever-evolving crypto market, Bitget also has introduced the Bitget Protection Fund. This fund is a deep liquidity pool that serves as insurance that users can turn to in the case of mishaps. Though Bitget is built for safety and the platform’s firewall is battle-tested, the Protection Fund is its way of going the extra mile in safeguarding its users’ hard-earned capital. The fund is currently valued at $350 million. The platform regularly monitors the liquidity pool and the underlying industry cybersecurity landscape to ensure that the fund remains adequate for user protection. At the moment, the fund is hosted by three, highly-liquid, non-Bitget affiliated digital currencies. These cryptocurrencies include Bitcoin (BTC) which holds a total of 6,500 units, USDT which holds $120 million worth, and USDC which holds approximately $40 million worth. The wallets holding the Protection Fund can be viewed on-chain to confirm their value. According to the exchange, users who have their accounts compromised or assets stolen due to uncontrollable events may make a claim. Bitget is committed to preserving this fund for the next three years, a move that highlights their focus on driving sustainability. A popular Web3 saying goes “Trust But Verify.” Everyone is encouraged to visit the Bitget website to read more and verify the exchange’s proof-of-reserves and Protection Fund for themselves. After all, DYOR. Conclusion A lot has happened in the crypto industry over the past few years that calls for caution. With growing demands from regulators, it is important for users to pitch a tent with a trading platform that adheres strictly to tenets of transparency and prioritizes user safety. Bitget fits this profile better than most, and has the mandate to continuously enhance its systems to serve everyone accordingly. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In a monumental moment that marks a new chapter in the world of mobile technology, LYOTECH LABS is thrilled to announce the delivery of the first units of the LFi ONE Smartphone to the initial 150 recipients worldwide. This exclusive group of tech enthusiasts, influencers, and loyal customers represents the beginning of a new era, as they become the first to experience the groundbreaking LFi ONE. A New Player in Technology The LFi ONE Smartphone is more than just a device; it's a symbol of LYOTECH LABS' commitment to innovation, quality, and excellence. With cutting-edge features, sleek design, and robust performance, the LFi ONE is poised to redefine the smartphone experience. The First 150: A Global Celebration The first 150 recipients of the LFi ONE are spread across various continents, reflecting the global reach and appeal of LYOTECH LABS. From tech bloggers in Silicon Valley to business leaders in Europe, the initial owners of the LFi ONE are united by their passion for technology and innovation. This diverse group was carefully selected to represent different demographics, professions, and interests, ensuring that the LFi ONE is tested and appreciated by a wide spectrum of users. Unboxing the Future The excitement surrounding the unboxing of the LFi ONE is palpable. Social media is abuzz with unboxing videos, first impressions, and reviews from the first 150 recipients. The world is watching as these pioneers explore the features, design, and capabilities of the LFi ONE. LYOTECH LABS has also partnered with several influencers and tech experts to provide in-depth analysis and insights into the LFi ONE, offering potential customers a comprehensive understanding of what sets this device apart. Quality Meets Innovation The LFi ONE has been meticulously crafted to meet the highest standards of quality. From its stunning display to its advanced camera system, every aspect of the LFi ONE has been designed with the user in mind. The actual product may slightly vary in design, color, and size, but the essence of innovation and excellence remains consistent across all units. A Milestone for LYOTECH LABS The delivery of the first units of the LFi ONE to the initial 150 recipients is more than just a product launch; it's a milestone for LYOTECH LABS. It signifies the company's dedication to pushing the boundaries of technology and its commitment to delivering unparalleled experiences to its customers. The LFi ONE Smartphone is here, and the first 150 recipients are leading the way in exploring this remarkable device. LYOTECH LABS invites the world to join in this celebration of innovation, quality, and technology. As the LFi ONE makes its way into the hands of more customers, LYOTECH LABS continues to stand at the forefront of technological advancement, setting new standards, and shaping the future of the mobile industry. About LFi LFi is a technology company that aims to empower the global fintech movement with new and innovative offerings that combine cutting-edge hardware with next-generation software. Leveraging the power of advanced computing and blockchain technology, LFi seeks to realize a future of financial independence through integrated products and solutions. Discover More Dive deeper into LFi's groundbreaking journey. Watch the video now to gain a comprehensive understanding of the project and its far-reaching implications. Telegram - Twitter - Instagram Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

In a monumental moment that marks a new chapter in the world of mobile technology, LYOTECH LABS is thrilled to announce the delivery of the first units of the LFi ONE Smartphone to the initial 150 recipients worldwide. This exclusive group of tech enthusiasts, influencers, and loyal customers represents the beginning of a new era, as they become the first to experience the groundbreaking LFi ONE. A New Player in Technology The LFi ONE Smartphone is more than just a device; it's a symbol of LYOTECH LABS' commitment to innovation, quality, and excellence. With cutting-edge features, sleek design, and robust performance, the LFi ONE is poised to redefine the smartphone experience. The First 150: A Global Celebration The first 150 recipients of the LFi ONE are spread across various continents, reflecting the global reach and appeal of LYOTECH LABS. From tech bloggers in Silicon Valley to business leaders in Europe, the initial owners of the LFi ONE are united by their passion for technology and innovation. This diverse group was carefully selected to represent different demographics, professions, and interests, ensuring that the LFi ONE is tested and appreciated by a wide spectrum of users. Unboxing the Future The excitement surrounding the unboxing of the LFi ONE is palpable. Social media is abuzz with unboxing videos, first impressions, and reviews from the first 150 recipients. The world is watching as these pioneers explore the features, design, and capabilities of the LFi ONE. LYOTECH LABS has also partnered with several influencers and tech experts to provide in-depth analysis and insights into the LFi ONE, offering potential customers a comprehensive understanding of what sets this device apart. Quality Meets Innovation The LFi ONE has been meticulously crafted to meet the highest standards of quality. From its stunning display to its advanced camera system, every aspect of the LFi ONE has been designed with the user in mind. The actual product may slightly vary in design, color, and size, but the essence of innovation and excellence remains consistent across all units. A Milestone for LYOTECH LABS The delivery of the first units of the LFi ONE to the initial 150 recipients is more than just a product launch; it's a milestone for LYOTECH LABS. It signifies the company's dedication to pushing the boundaries of technology and its commitment to delivering unparalleled experiences to its customers. The LFi ONE Smartphone is here, and the first 150 recipients are leading the way in exploring this remarkable device. LYOTECH LABS invites the world to join in this celebration of innovation, quality, and technology. As the LFi ONE makes its way into the hands of more customers, LYOTECH LABS continues to stand at the forefront of technological advancement, setting new standards, and shaping the future of the mobile industry. About LFi LFi is a technology company that aims to empower the global fintech movement with new and innovative offerings that combine cutting-edge hardware with next-generation software. Leveraging the power of advanced computing and blockchain technology, LFi seeks to realize a future of financial independence through integrated products and solutions. Discover More Dive deeper into LFi's groundbreaking journey. Watch the video now to gain a comprehensive understanding of the project and its far-reaching implications. Telegram - Twitter - Instagram Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

[PRESS RELEASE – Please Read Disclaimer] In a monumental moment that marks a new chapter in the world of mobile technology, LYOTECH LABS is thrilled to announce the delivery of the first units of the LFi ONE Smartphone to the initial 150 recipients worldwide. This exclusive group of tech enthusiasts, influencers, and loyal customers represents […]

Zug, Switzerland, August 17th, 2023, ChainwireValidation Cloud, a Web3 infrastructure company that offers node, staking, and data-as-a-service, announced that as of today, users can connect to its Mirror Node-as-a-service and JSON RPC relay to seamlessly read from and write to the Hedera network.Validation Cloud is the most performant RPC node provider globally, making Mirror node and JSON RPC node connectivity to Hedera faster and more reliable than ever. Validation Cloud has integrated the Hedera testnet and mainnet into its platform to allow users to connect to the Hedera network effortlessly. Users can connect to the Hedera network in tens of milliseconds from anywhere in the world with guaranteed reliability."Validation Cloud is well known in the industry for delivering fast, scalable, and intelligent Web3 infrastructure for more seamless and efficient connectivity to blockchain networks,” said Viv Diwaker, CIO at the HBAR Foundation. “They have consistently ranked #1 on CompareNodes as the fastest global node infrastructure provider in the world. We are thrilled that they are bringing their industry recognized scalability, resilience, and compliance commitment to the new Mirror Node-as-a-service and JSON RPC relay that they are offering on Hedera.”“With Validation Cloud’s platform, users will now be able to easily connect to the Hedera network through the Mirror Node-as-a-service and JSON RPC Relay. Our technology stack was purpose-built for the needs of commercial applications, with global low-latency, high throughput, and compliance in mind. We’re excited to see the innovative applications Hedera users will build with this enhanced connectivity to the network,” said Andrew McFarlane, Validation Cloud CTO.To build innovative Web3-enabled applications, organizations first need fast and reliable connectivity to networks. Validation Cloud’s platform offers the critical infrastructure necessary to build exciting applications in DeFi, GameFi, NFTs, and more. It is a key enabler for the Web3 ecosystem, facilitating the development and deployment of various applications that can be scaled up to be used by billions of users.Users can connect to Hedera today at validationcloud.io. Validation Cloud offers up to 50 million Compute Units (CUs) per month on the Free Tier, allowing users to explore and build applications. For limitless scalability, users can upgrade to the Scale Plan for unlimited CUs, zero rate limits, and a global delivery network.About Validation CloudValidation Cloud is a Web3 data streaming and infrastructure company that connects organizations into Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers highly performant and customizable products in staking, node, and data-as-a-service. Learn more at validationcloud.io| LinkedIn | X | MediumMedia Contact: Kelly Clark, Director of Communications | [email protected] The HBAR FoundationThe HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds - focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders - each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem.The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems, and create and control their own economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org.ContactDirector of CommunicationsKelly ClarkValidation [email protected]

Zug, Switzerland, August 17th, 2023, ChainwireValidation Cloud, a Web3 infrastructure company that offers node, staking, and data-as-a-service, announced that as of today, users can connect to its Mirror Node-as-a-service and JSON RPC relay to seamlessly read from and write to the Hedera network.Validation Cloud is the most performant RPC node provider globally, making Mirror node and JSON RPC node connectivity to Hedera faster and more reliable than ever. Validation Cloud has integrated the Hedera testnet and mainnet into its platform to allow users to connect to the Hedera network effortlessly. Users can connect to the Hedera network in tens of milliseconds from anywhere in the world with guaranteed reliability."Validation Cloud is well known in the industry for delivering fast, scalable, and intelligent Web3 infrastructure for more seamless and efficient connectivity to blockchain networks,” said Viv Diwaker, CIO at the HBAR Foundation. “They have consistently ranked #1 on CompareNodes as the fastest global node infrastructure provider in the world. We are thrilled that they are bringing their industry recognized scalability, resilience, and compliance commitment to the new Mirror Node-as-a-service and JSON RPC relay that they are offering on Hedera.”“With Validation Cloud’s platform, users will now be able to easily connect to the Hedera network through the Mirror Node-as-a-service and JSON RPC Relay. Our technology stack was purpose-built for the needs of commercial applications, with global low-latency, high throughput, and compliance in mind. We’re excited to see the innovative applications Hedera users will build with this enhanced connectivity to the network,” said Andrew McFarlane, Validation Cloud CTO.To build innovative Web3-enabled applications, organizations first need fast and reliable connectivity to networks. Validation Cloud’s platform offers the critical infrastructure necessary to build exciting applications in DeFi, GameFi, NFTs, and more. It is a key enabler for the Web3 ecosystem, facilitating the development and deployment of various applications that can be scaled up to be used by billions of users.Users can connect to Hedera today at validationcloud.io. Validation Cloud offers up to 50 million Compute Units (CUs) per month on the Free Tier, allowing users to explore and build applications. For limitless scalability, users can upgrade to the Scale Plan for unlimited CUs, zero rate limits, and a global delivery network.About Validation CloudValidation Cloud is a Web3 data streaming and infrastructure company that connects organizations into Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers highly performant and customizable products in staking, node, and data-as-a-service. Learn more at validationcloud.io| LinkedIn | X | MediumMedia Contact: Kelly Clark, Director of Communications | [email protected] The HBAR FoundationThe HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds - focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders - each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem.The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems, and create and control their own economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org.ContactDirector of CommunicationsKelly ClarkValidation [email protected]

FTX filed for bankruptcy in November last year, entering into Chapter 11 proceedings with 102 units around the world.

The IRS decreed US crypto investors deriving income from staking services must include the fair market value of those rewards in the gross income the moment they gain control of those assets. The US Internal Revenue Service (IRS) has declared US cryptocurrency investors must include staking rewards as part of their gross income. According to the IRS’s directive, taxpayers must include the fair market value of staking rewards as soon as they gain control of those assets. Staking Rewards Become Taxable The IRS’s directive states that staking rewards in crypto become subject to income tax within the US the moment they are in the taxpayer’s possession. It declares the instant an owner is awarded units of digital assets as incentives for validation, their fair market value must be included in the taxpayer’s income in the tax year in which the staking rewards were obtained. The IRS specifies: “The fair market value is determined as of the date and time the taxpayer gains dominion and control over the validation rewards.” According to the IRS, general tax principles apply to property transactions and crypto transactions. Thus, any reward obtained through staking must be included within an individual’s gross income as it applies to rent, royalties, and compensation for goods and services. Further, the IRS states taxpayers compensated for goods and services through cryptocurrencies, including crypto miners, must also include the market value of the assets as part of their taxable income. The agency explains: “If a cash-method taxpayer stakes cryptocurrency native to a proof-of-stake blockchain and receives additional units of cryptocurrency as rewards when validation occurs, the fair market value of the validation rewards received is included in the taxpayer’s gross income in the taxable year in which the taxpayer gains dominion and control over the validation rewards.” The Future of Staking in the US Remains Unclear Staking services have been the topic of controversy in the US over the past six months. Uncertainty over staking services started when the SEC sued crypto exchange Kraken over its staking business, and Kraken agreed to suspend the service and pay a $30 million fine. Coinbase has pressed the SES for regulatory clarity surrounding the industry, specifically concerning staking. The exchange petitioned the securities agency to exclude staking from its definition of securities. Still, the SEC maintain staking services through intermediaries, such as in the case of Kraken, which meets the requirements of the Howey Test and qualifies as securities. Despite ongoing requests to the SEC to clarify staking, the agency has not yet offered any guidance or regulation. In light of the regulatory uncertainty in the US, Coinbase announced it suspended its staking services in California, New Jersey, South Carolina, and Wisconsin following preliminary order by local state regulators. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The once-ever-four-years "halving" on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the "hard money" mechanics that crypto analysts say helps to boost bitcoin's price.

The IDF has reportedly employed AI extensively and has increasingly implemented these systems in various units to establish itself as a global leader in autonomous weaponry.

Artificial intelligence (AI) has witnessed exponential growth in demand in recent years, with numerous industries and businesses recognizing its transformative potential. Companies like Nvidia, a leading technology company known for its high-performance graphics processing units (GPUs), have played a significant role in advancing AI technologies. With the power of blockchain technology, The Graph (GRT) and […]

JPMorgan's ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and various finance-focused software as a service (SAAS) services among others.

Alameda alleges that Bankman-Fried and other insiders paid Embed misappropriated FTX funds in late September 2022, only weeks before the crypto exchange filed for bankruptcy.

Nexo is restructuring its operations but does not plan to leave the United Kingdom.

Civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment.

According to anonymous sources close to the company, Musk purchased nearly 10,000 graphics processing units with the intention of furthering his AI projects at Twitter.

The pair of bills state that the trustee is required to hold a sufficient amount of gold in reserve for all units of digital currency that have been issued and still in circulation.

Exsulcoin Thesis James Song the founder of Exsulcoin believes that blockchain technology can solve many of the critical challenges faced by refugees today. Especially with the creation of an online marketplace and community, matching refugees with supporters and driven by a suite of smart contracts built on the Ethereum network. This can improve outcomes by cutting across agencies to produce meaningful efficiencies while encouraging regulators to co-create solutions. Additionally, the creation of a mobile education platform to deliver personalized and specialized content to refugees. This will help them overcome critical integration challenges and access key services. The marketplace and platform will be linked and work together to create value across the community; for instance, refugees can take specialized courses in computer programming on the education app, link their programming achievements with verified identity documents. This can help meet requirements for employment and then local or remote programming work through the platform. Compensation and payments can be made over both the marketplace and platform and value can be converted to local currency using existing Ethereum ERC-20 token-to-debit card solutions. These technologies working together can address major challenges faced by both refugees and governments as they struggle with the current crisis. The Platform The ExsulChain platform is an online, on-chain decentralized marketplace designed to meet the unique needs of vulnerable populations, yet can accommodate the diverse and sometimes unpredictable needs of refugees. Interested individuals begin by creating an ExsulCoin Wallet through an online sign-up form requiring only a name and basic contact information. The ExsulCoin Wallet is a secure digital wallet used primarily to store, send and receive ExsulCoins (“XUL”), an Ethereum ERC-20 compliant token. A "Refugee-led project” is any project that involves an individual with refugee status in a leadership position. A displaced person receives refugee status through a Refugee Status Determination (RSD) process, which is conducted by the country of asylum or through the United Nations High Commissioner for Refugees (UNHCR). Nominated projects that are listed but fail
 to receive a quorum of votes, will be delisted and any funds or XUL intended for delisted projects will be returned to their source wallets. The Marketplace ExsulChain is also a marketplace for nanowork: small tasks which are essential to the completion of projects. Through nanowork requests, project leaders have on-demand access to a diverse, global, and scalable workforce, thereby improving the odds of project success. Additionally, nanowork o ers ExsulChain users exible work opportunities that are not necessarily dependent on geographic locations or xed contract lengths. The project listing may request a fee paid in XUL from interested parties to comment on the project, which will serve the purpose of commencing the hiring process while simultaneously disincentivizing non-serious requests. Project leaders compensate nanoworkers for tasks completed using XUL tokens. XUL, therefore, also acts as a cryptocurrency and, depending on market value may, in the future, be denominated in smaller fractional units to accommodate user needs. Interested parties can visit the Site: http://exsulcoin.com Dislcaimer this does not constitute any investment advice or advice to participate in crowdsale and is for informational purposes only. Disclosure the author is an advisor on the project.

An introduction to the bitcoin currency The bitcoin digital payment currency was launched in 2009 by an anonymous individual simply known under the alias 'Satoshi Nakamoto'. It started as an open source software but has grown to become a digital currency which is now used across the globe. The currency is the first decentralised cryptocurrency. Instead of a central administration, the currency relies on transactions which take place directly between peers, without the need for an intermediary management process, such as a bank. In order to verify these transactions, network nodes are recorded in a publicly accessible ledger, which is known as a blockchain. Bitcoins are created though mining, which is a reward process. The currency can then be exchanged for other services, products or even traditional currencies. The bitcoin is gradually becoming accepted by an increasing number of merchants as payment. However, the majority of bitcoin owners are holding on to the currency as an investment. History of the bitcoin The first mention of bitcoin was on 18th August 2008, when the bitcoin.org domain name was created. This was closely followed by an academic paper written by Nakamoto, which introduced bitcoin as a peer to peer electronic currency. Over the remainder of 2008 the information spread across cryptography networks and in January 2009 Nakamoto released the bitcoin open source code. The first bitcoin was purchased by Nakamoto who mined the genesis block for 50 bitcoins. Nakamoto mined a further 1 million bitcoins before disappearing - currently his identity is still unknown. Today, Gavin Andresen is the lead developer of the Bitcoin Foundation and stands as the community's public face. On 1st August 2017 the bitcoin currency was split into two digital currencies known as Bitcoin Cash (BCH) and the classic bitcoin (BTC). Why is Satoshi Nakamoto anonymous? It is thought that there are two reasons for Nakamoto keeping his or her identity unknown. The first is for privacy, as bitcoin becomes more popular across the world it is likely the founder would be subjected to large amounts of media coverage. The second reason is safety, due to the large values of currency involved. In the first year of bitcoin mining it is estimated that around $900 million worth of bitcoins were created. During this period it is likely that Nakamoto was one of only a handful of miners, which means he would have benefited significantly. The vast amounts of money involved could make Nakamoto a target for criminals. Why is bitcoin so popular? Bitcoin is seen by many people as the first successfully implemented distributed cryptocurrency. It is based upon the idea that a currency can be any object or record that can be accepted as payment for services or goods. The bitcoin currency is designed around the use of cryptography to manage the transfer and creation of currency, instead of relying upon one central authority. This means that many people benefit from the ease of transferring funds across the internet without the reliance of a third party, which demand high transaction fees. Why are bitcoins seen as valuable? Many holders of bitcoin have purchased or invested because it is a useful currency and it is scarce. Although they are scarce, the value relies heavily on the public's confidence in the currency. As an increasing number of merchants begin to accept bitcoin, the trust increases - this means the value also rises in line with this. How to get started with bitcoin If you are new to bitcoin it is not essential to understand the minor technical details. Most new users start by downloading a bitcoin wallet to their computer or mobile device and create a bitcoin address. How to get bitcoins The most common way to purchase bitcoins are through the popular bitcoin exchanges, which allow you to purchase or trade for a traditional country's currency. There are also several bitcoin ATMs around various countries and a bitcoin local directory of people who will accept cash in exchange for bitcoins. A number of businesses choose to accept bitcoins as payment for their services as a way to gain their own supply of bitcoins. Investing in bitcoins Many people are beginning to believe that digital currencies will increase in popularity in the future. The exchange rate between bitcoin for traditional currencies attracts many potential investors, who are interested in benefiting from currency fluctuations. Similar to all assets, the principle of purchasing while the price is low and selling when it increases applies to the bitcoin currency. Many people are purchasing bitcoin for a potential investment value rather than to use it as a form of payment. This is due to the large rises of value in May 2011 and again in November 2013; investors are hoping that large rises will happen again in the near future. What are the denominations of the bitcoin currency? Bitcoins are different to other currencies as they are highly divisible. As bitcoin is decentralised there is no official organisation to set and name the specific denominations. This has led to a number of names being created for the many smaller units, which are increasing in trade popularity. The most widely used units are bitcoins, bits and also satoshi. Using this system, 1 bitcoin is equal to 1000000.00 bits, with 1 bit equal to 100000000 satoshi. A single satoshi is usually abbreviated to 'sat' and is the smallest unit in circulation within the bitcoin network. How does a transaction work? Bitcoin transactions are defined by inputs and outputs. A bitcoin owner sends an output of bitcoins to a designated address, with the input referring to the owner's unspent amount of currency within the blockchain. This works in a similar way to common cash transactions, with multiple inputs similar to multiple coins. If change is required from the exchange this is sent as an additional output back to the original sender. How much will the transaction fee be? The transaction fee is based on the data storage size needed for the transaction to be generated and also on the demands of the network at that given time. This varies according to the number of inputs needed and also the age of the unspent inputs. The transaction fee is paid to the first bitcoin minor, which mines the block relevant to that specific transaction. It is not a good idea to pay a fixed fee for a transaction as there will be several considerations to take into account during the actual transaction processing period. If your bitcoin wallet estimates a high fee it is probably because your wallet contains a number of small coins, which means a higher number of inputs will be needed for the transaction. How does bitcoin ownership work? Bitcoins are registered to individual bitcoin addresses, which are known as random private keys. To spend bitcoins the owner must be able to enter their private key and digitally sign for the transaction. The bitcoin network will then verify the transaction through the signature and the public key. If an owner loses their private key there is no way to recover it, this means that any currency owned will be lost and become inaccessible. There has been a number of high profile cases where holders of bitcoins have lost large sums of money because they have lost their private keys. What is mining? Mining is a service which holds the records of a bitcoin transaction, with miners being the people that verify transactions and ensure the blockchain is accurate. The miners collect new transactions into blocks, with each block containing a cryptographic hash of the last block. The system uses the widely known SHA-256 hashing algorithm. The chain uses a proof of work system which makes it almost impossible to modify block information. The proof of work system requires the miners to discover a number known as a nonce - they are then rewarded. How are bitcoins supplied and held? When a miner successfully finds the next block they are rewarded with newly created bitcoins. For a miner to claim their reward a coinbase transaction is carried out, which is then included alongside the processed payments. All of the bitcoins which are in circulation have been created through this method. Every time 210,000 new blocks have been created the reward for mining a block is halved. Eventually a limit of 21 million bitcoins will be reached by roughly 2140, at this point there will be no reward for mining new blocks. A digital wallet is used to store the bitcoins' credentials, although several types of wallets are used. A software wallet is the most commonly used and allows users to spend bitcoins and also hold the credentials to prove they are the owners of the currency. There are also online only wallets and physical wallets which allow the holder to spend their bitcoins offline. What is the blockchain? The blockchain is a publicly accessible ledger which is used to openly record bitcoin transactions. The blockchain is updated through a network of intercommunicating nodes which all run the bitcoin software. The network nodes validate transactions which are then applied to their blockchain ledger. A new block of transactions is added to the blockchain roughly 6 times per hour, and this information is then sent to all network nodes. Will more blocks be created when no more currency is generated? Although it is predicted that the last block in the blockchain will be created in roughly 2040, the use of transaction fees will mean new blocks are still valuable to miners. It is predicted that creating new blocks will become more valuable from the fees than the current creation of coins. This means that the transaction fees will be able to sustain the currency and its associated network. There is no limit to the number of blocks which are able to be mined. Can bitcoins be lost? The bitcoin currency is based on the economic laws of supply and demand. If a user loses some of the bitcoin currency, this will make the remaining currency in the network more valuable as a form of compensation. As the value of a single bitcoin starts to increase the cost of purchasing a service or item will then decrease, based on the popular deflationary economic model. This means bitcoins are not as susceptible to inflation as other traditional currencies. Bitcoin volatility Bitcoin suffers from price volatility similar to all commodities and currencies. It is estimated that bitcoin has a volatility seven times greater than gold and roughly 18 times higher than the US dollar. The largest period of volatility occurred in 2011 when the value of a bitcoin rose rapidly from $0.30 to $32 before quickly decreasing to $2. How do tax regulations work? As bitcoin works without a centralised processing system it is impossible to enforce any specific restrictions, although certain activities can still be criminalised. Each country has its own legal status regarding the use of bitcoins, although many have yet to define or tackle the rules which govern its use. There are countries which allow the use of bitcoins and offer completely free trade, on the other hand some have completely banned the currency. The regulations which apply to bitcoin are not unusual, and extend to most cryptocurrency systems. What if a new digital currency becomes more popular? There is always a chance with virtual currencies that another could be created, and this would make an older and less superior one obsolete. During the development of bitcoin a large amount of careful ingenuity has been used. However, it is the first currency of its kind and so competitors will always be looking to take over. Bitcoin aims to stay ahead as the primary virtual currency, but as with all currencies there can be no complete guarantees. As bitcoin rises in popularity and becomes more widely used it is gaining stability and wide acceptance across the world. This helps protect the currency and means new competitors pose little effect, thanks to the network effect bitcoin is creating. Featured Image Source: Flickr - Great Image By Zach Copley

Innovative and novel solutions to some of society's larger problems have emerged as businesses team up with cryptocurrencies. The latest is the UK based startup, The Blockchain Development Company (BCDC), who hope to improve the transparency of recycling, renewable energy and food industry supply chains, using their own cryptocurrency. Who are BCDC? With the sale of their own virtual currency, the BCDC token, they are hoping to focus on funding three projects: 1. Ecochain – the creation of an investment hub which enables private and public investors to directly finance renewable energy, like solar and wind power, throughout Europe and America. 2. RecycleToCoin – the rewarding of recyclers by exchanging waste for BCDC tokens which they can then use to purchase other currencies or cryptocurrencies. 3. FoodTrax – a system that enables consumers to track where their foods come from, so that they can make more informed decisions about buying locally grown foods. The BCDC tokens and funding projects There is a total supply of one billion BCDC tokens, with a certain number going to fund each of the three projects. To fund Ecochain and FoodTrax, 250 million tokens will be sold in exchange for Ethereum cryptocurrency units (ETH) – at an initial fixed rate of one ETH to 400 BCDC tokens. These Ethereums will then be sold for fiat currency to spend on projects. To fund RecycleToCoin, 250 million tokens will be exchanged with participants for plastics and aluminium containers. For investors of BCDC tokens The pre-sale of 125 million BCDC tokens will end on 20th November and, after this, there will be a main sale until 27th November. To all investors that keep their coins, they will receive an additional 20% of their token amount every year for five years. BCDC has created a chance for investors who missed out on the rise of Bitcoin to participate in the benefits of cryptocurrency. However, perhaps those who missed it weren't ever going to invest anyway and will overlook this opportunity.