One of the clubs in Las Vegas, namely the Legends Room that opened last year, added the opportunity to pay the dancers with the help of the BTC, as reported by Bitcoinist.
The club installed a bitcoin-terminal, which allows you to exchange real money for virtual, and then to transfer funds to the wallets of the dancers by scanning the QR-code on their bodies.
According to the idea of the organizers, payment with cryptocurrency will allow customers to take advantage of the decentralized Bitcoin. For example, most of the male clients would not want their wives to be able to see a bank statement that the husband paid for any services in the strip club. Along the way, this innovation helps to attract a greater number of cryptocurrency investors to their institution.
Also, such a system improves the lives of not only customers, but also female workers, as many banks refuse to provide services when they see an entertainment place for adults, as is described by one of the dancers named Summer Chase.
“I’m not going to name names, but there are certain banks that… will shut down your account and actually deny you from having an account because we work in the adult entertainment industry.”
The system of payment with cryptocurrency was very well received by clients and most people began to pay with it quite often.
The crypto project backed by Goldman Sachs is opening about its current situation of the company. The CEO of Circle, Jeremy Allaire, gave a small interview to Fortune where he talked how bearish market influenced its profit last year.
Let us recall what happened with crypto market in 2018. The beginning of 2018 was quite pleasant, the Bitcoin price accounted for approx. $13,000. Later, the prices of cryptocurrencies began falling down. The fall in prices in the first half of 2018 was quite predictable, as nothing lasts forever. Some crypto experts, like Tom Lee and John McAfee, even tried to predict the crypto price which would have been by the end of December, however, their predictions were not correct, which caused dissatisfaction investors who invest money in the crypto market.
In the second half of 2018, the price of all cryptocurrencies started to drop significantly. The crypto’s doomsday is considered to be November 15, when Bitcoin Cash had a hard fork, which caused crypto to go down. At the end of the year, the price of Bitcoin reached its lowest minimum of $3400 since 2014.
How did it influence the global crypto finance company? The chief executive of Circle assured everyone that business goes well.
“We had very significant growth year last year, even though there was a crypto bear market,” he said.
In addition, he mentioned that the total company’s revenue and customer base had grown last year.
Allaire also shared Circle’s plans for future. The company has recently acquired a crowdfunding site – SeedInvest, which helps company to issue securities. The CEO emphasized that tokenized securities would become a bigger part of Circle’s business in the near future.
“We’re going to look at ways that we can bring the benefits of digital assets, crypto technologies, and blockchains into this whole area of issuing securities over the internet.”
According to a SEC filing, U.S.-based Bitcoin mining company Riot Blockchain plans to launch a crypto exchange by the end of July 2019.
Exchange Details and Current Situation
Riot Blockchain has partnered with SynapseFI, a major software company, and invested approx. $250,000 in the project. It has also form a special subsidiary to operate the exchange. The budget of the exchange is expected to be more than $2 million after its launch.
The software company will take care of banking services of the exchange, the provided API will connect Riot Blockchain’s accounts to other American banking institutions. Moreover, SynapseFI will track locations and identities of customers to “prevent fraud and improper use of its RiotX exchange.”
The SEC’s filing reads:
“SynapseFi’s API will enable to Company to know where the user is when accessing RiotX, thereby enabling the Company to prevent a user from Montana, a state where the exchange of digital currencies is permitted, from traveling to neighboring Wyoming, where the exchange of digital currencies is not permitted, and using RiotX in the prohibited jurisdiction.”
The exchange will be available in 48 states (without Hawaii and Wyoming) by December 2019. RiotX has already been provided a license in five states.
Rumours of Launching Before Official Statement
Back in March 2018, there were rumours based on facts that Riot Blockchain planned to launch crypto exchange since the company acquired Logical Brokerage Corp.. The public filing published at the same time stated that the company wanted to investigate futures brokerage operations and details of launching a digital currency exchange.
In November 2018, RiotX “entered into a Master Services Agreement with Shift Markets, Ltd. to provide RiotX with its crypto exchange platform. These services will enable RiotX to further execute its plans to launch a U.S. focused cryptocurrency exchange.”
In the recent couple of years, Asia has become the region that is ahead of everybody when it comes to technologies. Anything that is new, unique and has potential is quickly being implemented in the East, while the rest of the world is just thinking it over. Certainly, blockchain and digital assets are no exception to the rule. Dozens if not hundreds of businesses, companies and projects in China, Japan, South Korea etc. are creating new concepts, ideas and solutions using cutting edge technologies, like blockchain and distributed ledger technology, in many different spheres, especially fintech.
What is FUBT?
FUBT Exchange is a Hong Kong-based project, the main focus of which is maintaining a blockchain platform for trading digital assets. The exchange evolved from the FUBT Station. In July of 2017, first transaction were conducted through the upgraded platform. Afterwards the developers launched their own token – BXB, which skyrocketed by almost 25 times on the market. FUBT kept growing and expanding. At the beginning of 2018, it opened up departments in other regions of Asia, namely Seoul, Cambodia, Tokyo, Taiwan, Phnom Penh and even one in New York. Now FUBT is considered one of the leading blockchain platforms for trading digital assets in Asia.
Strong sides and interesting facts about FUBT:
In June of 2018, the platform already had around 650 thousand active users which serves as perfect evidence of the project’s trustworthiness;
FUBT’s daily capital turnover equals to around 400 million dollars;
The platform is expanding globally and provides multi-language support for better understanding of users from different parts of the world;
The transactions within FUBT are conducted in a fast and simple manner, moreover, they are protected against security breaches;
The exchange provides a variety of digital assets, overall about 100 kinds;
Four crypto trading areas (BTC, ETH, FBT) are available on the platform;
FUBT has a mobile app both for iOS and Android;
The team of the project consists of real professionals from the fields of banking, fintech, blockchain, investment etc.
Core values of FUBT are “Integrity, Innovation, Inclusiveness, and Win-Win”;
The project has ambitious goals of expanding further and establishing itself firmly on the market;
FUBT team is constantly looking for new clients, partnerships, opinion leaders and pays a lot of attention to user feedback in order to improve and prosper.
More details on this promising and innovative platform can be found here.
Nowadays pretty much everyone has an opportunity to become a successful entrepreneur and investor. With the emergence of cryptocurrency and blockchain, perhaps it has become even more accessible.
Today, we invited to talk Marco Robinson– a man who not only managed to become a world-famous investor, but also created a number of successful projects.An Award Winning Entrepreneur, Prime Time TV Star, Philanthropist, #1 Bestselling Author, Winner of the iProperty People’s Choice Awards Best Real Estate Company, World Renowned Property Investor, and Restaurateur – he knows how to make money work for you better than anyone.
Hello, Marco. First of all, let’s discuss your success as an investor. At what point in your life did you start investing in real estate, and why this particular area was one of the first you chose?
I first invested in real estate fairly late in life at 40 years old after I had a great business success and had quite a bit of money I didn’t know what to do with.
It was an interesting time in 2009 as it was the subprime crisis, I discovered properties were very cheap especially in the USA, and I found that fascinating so I started to study what made Real Estate go up and go down and wondered why this happened continually…I got so into this I decided to write a book about property cycles and what made them do that and I developed an algorithm based on four main drivers that triggered property price increases, they were:
Cycles (economic cycles) for example in the UK there is a proven 18-year cycle
Population growth. (Rent prices and property increased basically supply and demand.
Structure plan. (What they are gonna build in the area, for example, new manufacturing, schools, etc)
Local and individual property taxes & including friendly states and governments (some taxes are so high you can easily get negative cash flow)
When did you first learn about the blockchain technology, and how did it help you in the development of your projects?
I was introduced to Bitcoin in 2015.
I saw as a real threat to the banking system which I liked very much and after some detailed research discovered it was a genuine reaction, I felt, to the US sub prime crisis which made 40 million people homeless. I loved the security of it and especially it’s decentralization, that it could not be shut down and the founder very cleverly could not be identified.
I was also looking for a loyalty solution to connect all my businesses including my restaurants, my cosmetics, my property, my travel, my education and film companies, a currency everybody could use that I could keep within my own eco-system, so I could keep my clients loyal and grow my client based with the best value proposition in the market place. That currency I created is called NAKED DOLLARS and is now listed on LATOKEN.
Besides NKD, what do you think about investments in cryptocurrency in general?
It’s a brand new sector and to be frank not even the end of day one yet. A lot of cowboys presented a fabulous whitepaper in 2016 and 2017 and made a fortune off speculation…2018 saw a massive correction and the crypto market lost 80% of its value in one year because of this and because not many people had a real product.
It is here to stay, only just yesterday JP MORGAN created their own cryptocurrency, governments are creating their own, they have to as the FIAT CASH currency system is not sustainable, a new debt system has to be created or the majority of the world will go bankrupt.
Bitcoin is the SAFEST currency in the world, it cannot be hacked, it has no founder, no company, no office, and no assets, yet it is the best performing asset of all time increasing 350,000% in ten years! You cannot ignore it at all!
Are there any startups in the cryptocurrency world which you have invested or would like to invest in?
There are very few I would because of the losses in 2018. New projects don’t just have to have great technology, they must have great founders with great track records in business and great profiles in terms of influence.
How do you feel about buying, for example, real estate for Bitcoin?
I’d rather keep the bitcoin it gives a higher return potentially. I would rather use other cryptocurrency like Ethereum to buy real estate.
However I also use a profit strategy, so when I make great profits in bitcoin I will buy real estate as real estate gives me great cash flow.
In what areas, do you think, the use of blockchain technology is necessary?
I think it’s critical in pretty much every industry to prove the origins of each product or service and the security of it, especially in supply chain businesses such as gold and diamond mining to supply to make sure they are not conflict diamonds etc. I also love the adoption to health and medicine, for example, if someone has an accident one drop of blood or even a thumbprint can track the entire medical history of that person in seconds and the perfect medication can be administered!
You are a well-known philanthropist and are famous for your good deeds for the homeless and the needy, because you know very well what it feels like to not have a home. Let’s talk about an 18-year-old teenage mother Holly, a part of the TV Show “Get a House for Free.” Have you thought about not just “giving a fish” to people, but also trying to “teach people to fish”, that is, to give the needy the knowledge of how to “get back on their feet”?
I’m already now doing that with FREEDOMX, www.freedomxmovement.org where I have created a new charity social impact program where the victims of homelessness are rewarded on a merit based philosophy: “I help you if you help someone else” this is CONDITIONAL ALTRUISM, so we only help them if they want to be helped and IF they want to be microfinanced for a coffee shop on a bicycle, for example, they have to be certified and trained which lowers risk and creates a new economy for people to thrive in.
In what areas besides real estate, restaurant business, TV-shows would you like to or plan to realize yourself?
I’m making my first Hollywood movie “legacy of lies” next month, I helped fund the whole movie and my profits will be going to help the homeless
Huobi decided to expand its market in the Western Hemisphere, therefore, US-based subsidiary Huobi.com launches a new fiat-to crypto exchange, which will operate in the USA.
Preconditions for launching the exchange
Creating a new platform sounds quite weird especially against the background of drastic downfall of cryptocurrency prices, which led to decrease in exchange volumes. Yet, Huobi, being in top three crypto exchange by 24-hour trading volume, seems not to care about it at all.
The company has recently announced a large-scale rebranding of his US strategic partner HBUS. Later, the company adopted Huobi brand and renamed itself into Huobi.com. Now Huobi.com is opened for American customers, and it also has started a partnership with Prime Trust not long ago. The latter is a Nevada-based trust company that provides services of withdrawal and deposits for the users.
With this partnership and the fact that other crypto exchanges are rolling out support for international fiat currencies, Huobi.com made a decision to grow up and go beyond crypto-crypto transactions.
What do you need to know about the platform?
Firstly, the company plans to add three major coins to the platform, these are Bitcoin (BTC), Ethereum (ETH) and Tether (USDT), they will be tied to US dollar. The listing of other pairs will depend on customer response.
Secondly, the exchange set minimum deposit and withdrawal limit, which is $100. Though the users are bound to register with Prime Trust in order to deposit USD to the exchange. The custodial account requires the completion of Know-Your-Customer (KYC) identity verification checks.
We want to remind you that Huobi plans to launch its own stablecoin in the first half of 2019. Singapore-based cryptocurrency exchange has already a substitute for stablecoin, namely HUSD; it supports four US-regulated stablecoins: Paxos Standard (PAX), True USD (TUSD), USD Coin (USDC), and Gemini Dollar (GUSD). Unfortunately, the report did not specify which currency the stablecoin will be pegged to.
The CEO of the project Circle, backed up by the major bank Goldman Sachs, Jeremy Allaire started a thread on Reddit together with his co-workers, where they debated the accomplishments of the company in the recent time, talked about prospects for the future and discussed the overall situation on the crypto market.
According to the representatives of Circle, one of the main issues with crypto in the US is the lack of regulatory framework and, most importantly, the inability of the Securities and Exchange Commission to clearly define cryptocurrencies as belonging to a particular type of assets.
“There absolutely needs to be more regulatory clarity to really make this fly — in particular around who can issue these, how they can be stored and transmitted, and what markets can allow their trading. There’s a lot of attention on this and we absolutely expect to see these issues resolved and for far more real world experiments to hit the markets this year,” said Jeremy Allaire.
Also, the CEO of Circle claimed that the US should follow the example of France and have a separate kind of taxation for crypto-to-crypto transactions.