la blockchain migliora le infrastrutture negli stati uniti

How can the blockchain technology improve United States infrastructure?

One of the primary objectives of the current administration of the United States of America, is to renew the country’s infrastructure. They mainly talk about inland waterways, fundamental for the transport of basic necessities such as wheat, steel, coal, and oil products.

Recently, the blockchain technology has been introduced in the debate on infrastructure policies as one of the new crucial solutions.

In which way can the blockchain technology improve American infrastructures?

The Federal Government has already started to invest in possible applications of the blockchain technology, to streamline the infrastructure renewal process.

Last year, the State of Utah has approved the contract from Petroteq Energy, which integrates the blockchain in its operations.

Other companies that follow the same path are 360 Blockchain, BTL Group, Hive Blockchain Technologies and Marathon Patent Group.

The advantage of the blockchain lies in its decentralized and publicly distributed nature
Accounting transactions via digital currency, but also patents, or other physical objects, like buildings.

The blockchain also allows the fragmentation into small  parts of the possession of material assets, making it easier to track down their owners.

The potential of the blockchain in the infrastructure field

Another great potential of this technology is that to open any kind of investment to the average user.
Example: a new toll bridge could be fully financed by individuals, who would receive a portion of the toll proportional to their investment.

At the moment, this type of public-private partnership (the so called PPP), are not yet available to individual citizens.
But when this will be possible, all citizens will be able to finance motorways, stadiums, parking lots and other kinds of infrastructures.

Relying on more local donors would also mean having more people interested in the evolution of the project, and a greater accountability.

In addition, local governments and building companies could use the blockchain to track purchased materials, permits and contracts.

The power of transparency

According to Andrew Lindsey, strategist for Alpha Corporation:

The blockchain makes it possible to have an immediate, encrypted and non-manipulable “ledger” of the flow of documents involved in the construction contract.

It would be possible, for example, to precisely identify where the materials are and when they will arrive. This would mean planning, cost estimates and, most generally, engineering process stages that will all be more precise.

And since the blockchain’s “ledger” would be accessible by everyone, the companies and officers responsible to the project wouldn’t be able to blame the delays on suppliers.

Those responsible for problems and delay in infrastructure projects, could be easily identified and called to respond.

Infrastructures are a fundamental field for the economic growth, but so far the United States use financial and construction processes that have not proven efficient.

The blockchain technology will not solve all problems, but it surely has the potential to make a big difference.

narcos messicani

Mexican narcos are using crypto coins

Mexican narcos are relying on Chinese money laundering networks, which use cryptocurrencies

Mexican drug cartels and China

The relationship between the Mexican narcos and China has long been consolidated, in fact, the essential substances for the production of drugs, are purchased in Asia

Did you know that the Chinese pharmaceutical industry is the largest in the world after the United States?

The numbers of the Chinese drug market are staggering, 122 billion dollars in 2017

If for drugs exported abroad, even as generic ones, China is making its way, by getting many of its drugs approved, it is unrivaled in the field of chemical substances

China exports chemicals which are the base of many medicines all over the world, and not just to the pharmaceutical industries

You have to know that cheap labor, and control often absent for workers and for environmental pollution, allow them to sell chemicals at very low prices

Two of the most exported substances from the Chinese pharmaceutical industries are ephedrine and pseudoephedrine, essential ingredients for the production of methamphetamine (meth)

The low cost and the relative ease of production, has made methamphetamine a very widespread drug in USA, Europe and Thailand

Drug cartels and money laundering

Recycling money for South American narcos has become a problem since the late nineties

The exponential growth of the drug market, has greatly increased the amount of money to launder, to then invest it in legal activities

The seizures of cash waiting to be recycled had become too much for drug traffickers

In 2007, the Chinese-Mexican businessman Zhenli Ye Gon, has seen seized in one of his residences, 205 million dollars in cash, in various currencies

Chinese Underground Banking Systems (CUBS)

Cryptocurrencies have long been used by rich Chinese people to circumvent the limit of money transfer abroad, which in China is limited to 50.000 dollars a year

The Chinese underground banking system called CUBS, according to some estimates, has over 10.000 customers, and it’s able to recycle more than 100 billion dollars each year

This time of cash buried in the home garden by drug traffickers is now over

Mexican narcos’ money doesn’t pass any longer from the American border, but it now moves using the OTC (Over-The-Counter) Bitcoin market

Did you know that money laundering in the world, is estimated at 100 billion dollars every year?

Chinese cryptocurrencies and Mexican dirty money

According to the director of the Joint Task Force of the US National Security Department, Janice Ayala, Chinese money transfer through cryptocurrency are at the basis of money laundering.

Chinese networks, in fact, through the CUBS, are able to transfer the money coming from Mexico, in Mexican shell companies controlled by Mexican narcos.

The evidence of this modern and technological method of money laundering using cryptocurrencies are seizures of cash, now at historic lows.

The 12 million dollars in cash seized in 2011 in Arizona, on the Mexican border, fell in 2016 to only 960.000 euros.

Silk Road, the Darknet commercial route

The infamous online black market Silk Road, was the first to use cryptocurrencies to transfer money within the drug market

Launched in 2011 by Ross Ulbricht, dubbed Dread Pirate Roberts, it was used by drug dealers, sellers, and buyers, and transactions were mainly done via Bitcoin

In 2013 the site was closed by FBI and Ulbricht was arrested, but now the road was already marked,

Silk Road has become a model for the Darknet, the black market of the web, in they exchange stolen credit cards, drugs, anabolic steroids, false documents, etc.

AlphaBay was the successor of the site opened by Ulbricht,

Alpha Bay was opened in December 2014, it was closed in 2017, thanks to a joint international operation between the United States, Thailand and Canada

The founder, a Canadian citizen called Alexandre Cazes, died in a suicide in suspicious circumstances, only three days after his arrest in a Thai prison

trend fintech del 2019

5 FinTech trends we will observe in 2019

The evolution of the FinTech market has been unstoppable in recent years. We have seen growth under various aspects: from the financial literacy of the average user, to new automated services and processes by banking and commercial institutions.

The financial revolution surely doesn’t risk getting interrupted right now: here are the five FinTech trends which will most likely be observed during 2019.

  1. The adoption of Blockchain technology

Decentralized, democratic, without frontiers.

Blockchain technology will continue to lead in 2019.

For the FinTech market, the blockchain is a guarantee of responsibility and efficiency: the intermediate steps disappear, the transactions are quick and the settlement times are shortened.

In the following years, we will see banks and payment processing platforms adopt blockchain more frequently to reduce prices and speed up the process.

As the awareness on the blockchain advantages increases, users will also have easier access to technology, and will switch to cryptocurrency as a digital payment method.

  1. Mobile banking

Accessibility, convenience and functionality: these are the three keywords which identify mobile banking.

More than 50% of the world population owns a smartphone, and this number is bound to grow exponentially over time: more and more customers will have access to mobile banking apps.

Convenience lies in the decentralization of the service. It’s no more necessary to go to the branch office, but most banking transactions can be now carried out using smartphones.

Banks, for their part, will continue improving their app every month, transforming them from a tech accessory, to a fundamental tool for managing savings.

  1. Biometric technologies

The increasing dependence of financial institutions from digital technology also brings some drawbacks with it: cyber-attacks and security holes are repeated more frequently.

The PIN numbers that are necessary to access our bank accounts will become obsolete, and will be replaced by biometric authentication technologies

Face and voice recognition, digital fingerprints or the analysis of the distribution of the veins in the palm of the hand are only some of the methods that are already in use in different areas of our daily lives.

Soon FinTech will also adopt them to increase the access security to user services.

  1. Digital and cardless payments

If cash continues to play an important role in our daily payments, new technologies and customer expectations are moving to accelerate the digital payment revolution.

In Europe, Sweden is already implementing measures to gradually phase out liquidity.
In urban China, the use of QR code payments via mobile phones has become almost omnipresent.

Payments remain a fundamental point of contact between banks and customers.

With digital payment methods, banks will have to concentrate on new methods to maintain loyal customers.

Some banks are already doing it by offering personal financial management tools, with personalized financial advice.

  1. Growth of RegTech

RegTech goes hand in hand with innovation in FinTech.

The term RegTech refers to all technologies that help companies to comply with regulations that govern the FinTech sector.

With an investment that reached 2.5 million dollars in the first half of 2018, the companies that are part of RegTech are optimistic about the future.

The good year of 2018 is largely due to the repercussions of the new European Legislation for private data management (GDPR).

 

locktrip offre prenotazioni viaggi al 20% in meno di airbnb

LockTrip wants to offer accommodations for 20% less than Airbnb and Booking.com thanks to the blockchain

The blockchain technology is starting to see serious implications even in the tourist field. If ten years ago Airbnb’s entry in the hospitality market had created a stir, now it may be LockTrip’s turn.

LockTrip is the marketplace for hotel reservations and holiday stays founded in 2017 by Nikola Alexandrov and Hristo Tenchev.

This platform’s innovation derives from the use of the blockchain technology and its subsequent decentralization. According to its founders, LockTrip is the first holiday booking service based on the blockchain.

In the company’s website you can read that LockTrip offers availability in 100.000 hotels and over 1.500 rental properties around the world.

But the data that may make giants like Airbnb and Booking.com worry, is that the LockTrip services are offered at prices 20% lower compared to those of its competitors.

By the end of January this year, according to the company’s statements, 300.00 hotels and 900 airlines will be added.

How can LockTrip offer accommodations at 20% lower prices than Airbnb and Booking.com

LockTrip’s core business is clear: it’s a decentralized peer to peer platform, without any intermediary.
This allows it to offer the same services that Airbnb, booking and Expedia offer, without the need to apply commissions to transactions between the parties. The host and the final client won’t have to go through any intermediary.

To make this mechanism work, LockTrip bases itself on the blockchain technology, and it has also issued its own token, called LOC.

How to book services with LockTrip

Zero commission reservations can be made directly on the LockTrip platform, which at the moment is in beta phase.

To also facilitate access to the platform to users who are not familiar with the blockchain technology, the society created a model which allows instant connection between the credit card and the LOC token.

Anyone can make a reservation on LockTrip with a normal credit card, exactly the same way as you would do with the other giants of tourist reservations.

The cryptocurrency transaction will happen automatically, and the end user will not need to do anything else.

Each booking is then blocked with a smart contract, until the time of checkout. LockTrip says that the bookings through their platform are cheaper and safer for guests than those made with the traditional online travel market players

LockTrip is already available on Android and iOS as an app: among their ambitions, one of them is to become a platform that can also support Ethereum and thus expand the network of possible transactions.

10 eventi 2019

The crypto events of the end of 2018

The crypto events of the end of 2018

2018 was rich of events and conferences in the world of cryptocurrencies and blockchain

We have witnessed milionary investments by France, and other countries and large companies have started using platforms based on the blockchain technology

The conferences of the end of 2018

In December alone, there were events such as WIRESUMMIT 2018 in India, the WORLD BLOCKCHAIN SUMMIT in Saudi Arabia, and the BLOCKCHAINER FORUM 2018 in China.

In Europe there was the CRYPTOCURRENCY WORLD EXPO LONDON SUMMIT in England

What will 2019 reserve for us?

According to many experts in the crypto world, 2019 will be the bearer of many news in the world of blockchain

The 10 crypto events you’ll see in 2019

The birth of STO

2018 saw the birth of many new cryptocurrencies, the Initial Coin Offering, simply called ICO, have now financed many startups

However, often the tokens obtained from the launch of new cryptocurrencies have been scams, so much to induce many institutions to close many platforms, as in the case of Colorado

This new year could decree the beginning of the STO, regulated security tokens.

STOs will be supervised by states, and other international bodies, a real security for investors

The first big bank in the world of cryptocurrencies

For some time now, there have been rumors of a great entrance of a large bank in the world of cryptocurrencies

Bitcoins and Etherum, with their blockchain platform, have attracted countless companies and have been used in many states in the world in the last two years

The interest of Goldman Sachs and JP Morgan is now tangible, and we can’t exclude that they will enter the crypto market in this 2019

The fate of Bitcoin

You are probably wondering about what will happen after the collapse of Bitcoin happened last December, and if there will be any repercussions in the world of Blockchain.

Whatever happens, 2019 will be a decisive year for Bitcoin, we will understand if it’s simply a speculative currency, which has always been advanced by the skeptics or if its stabilization will confirm it as the alternative payment method par excellence

Asia moves to the United States

The confused ideas, and the continuous turnarounds of China and South Korea against cryptocurrencies, have hit hard the dominant mining market, the Asian market.

The largest Asian investors, such as Binance, Huobi, Alpha Square Group, Aurablock Capital and Alpha Omega Capital, have decided to move to the US.

Among the first in the crypto world, these big companies see a regulatory clarity in the United States, a security for them.

“Legacy” financial institutions will purchase digital asset infrastructures

Many new cryptocurrencies in 2019 will pass their first phase, then many mergers and acquisitions are expected within the cryptocurrency ecosystem.

In fact it’s expected that DTCC, Cede and Co, NYSE, EuroNext, JPX, and Nasdaq, will acquire new cryptographic infrastructures such as, Binance, Coinbase, Circle, DRW, etc.

The decline of Ethereum

The Ethereum ERC-20 smart contract standard is the state of the art in the ICO world

Its programming language for smart contracts, Solidity is known by all developers

In 2019, however, the new blockchain platforms for Smart Contracts, developed by Stellar, NEO, Hedera and IBM Hyperledger Fabric will take place.

Stronger, faster and much cheaper, they could soon replace Ethereum, the queen of the blockchain.

Malta attacking USA

Malta has attracted many investors who see the future of finance and economic transactions in the Blockchain ecosystem

But to be able to boast the name of “Blockchain Island”, Malta has to deal with a banking reputation which isn’t really the best.

The Satabank and the many current accounts that are still inaccessible are an example.

The island in the middle of the Mediterranean has in fact increased controls on the current accounts of companies, and many private citizens.

This aim is to pass and then maintain stricter rules than KYC and AML, to give a greater security to investors, so that they can have a greater confidence in using funds deposited in Maltese banks

Tokens listed on the stock exchange

In addition to being traded by the new automated trading systems operated by broker-dealers, soon the exchange of futures on Bitcoin could land on the Nasdaq, the American electronic stock market

New rules for STO investments

While it is also possible for small investors to be able to finance a startup with an ICO, the rules in force only allow the large investors to invest in STO.

2019 could lead to rules that help small and medium sized investors to gain access to the STO (Security Token Offering)

Tokens and soccer

2018 saw the first football team acquired by a blockchain company

2019 will also see Juventus and Paris Saint Germain “take the field”, which will have their own token

A cryptocurrency that will allow fans to judge the choices of their football club, through voting, as well as being able to buy tickets and merchandise.

 

 

cile pagamenti pubblici

The Chilean Treasury office creates a Blockchain platform for public payments

After the decision to use the blockchain technology to register the energy sector statistics, Chile wants to create a Blockchain platform for public payments

Chile and LABITCONF

Santiago de Cile has been home to LABITCONF (Latin American Bitcoin & Blockcahin Conferences) from 5 to 8 December 2018

It’s the most important conference on cryptocurrenceis and blockchain in Latin America

Experts from the industry, and companies from more than 20 countries in the world, like Blockstream, Bitcoin, zCash, BlockchainLabit, Gocoin, Coinfabric, Crytpominers, etc. participated in the conference

The Chilean parliament and the adoption of the blockchain technology

Chile seems seriously intent to carry out a project to integrate the blockchain in its government infrastructure

The news are that recently, two Chilean MPs have submitted a resolution to the lower house of parliament

These two parliamentarians Giorgio Jackson and Miguel Angel Calisto, have been urging the Chilean parliament since a while to develop the blockchain technology in Chile

The resolution to the chamber immediately saw the support of eight other MPs.

It’s therefore believed that the Chilean President, Sebastian Pinera, will seriously consider the possible benefits of the blockchain technology in the South American country

In recent years, Chile had to face a constant inflation, which has hit a large part of the population

The Chilean treasury office and public payments via blockchain

This revolution resulting in the adoption of a blockchain platform for public payments, could lead to a reduction in the Chilean government spending, often inflated due to corruption

The TGR (General Treasury of the Republic), is the Chilean agency dependant to the Ministry of FInance, which deals with the collection of taxes, last December it launched a blockchain platform to process payments

This pilot project which started last October 2018, has seen the TGR collaborate with the Digital Government Division of the General Secretariat of the Ministry of the Presidency of Chile

Such blockchain platform will connect citizens, intermediaries, and suppliers

Transactions processed by Chilean public institutions, such as tax payments, will be stored on the blockchain

Before being registered, all transactions will have to be approved by all nodes in the blockchain

You must know that the advantages of a digital platform based on the blockchain are:

  • Elimination of data discrepancy
  • Reduction of payment time
  • Reduction of operating costs
  • Greater security of personal data

The Chilean government wants to adopt the blockchain in many sectors, from the finance sector to the energy sector

Chile and traceability in the energy market

The news that Chile will use the blockchain technology to record, save and monitor all the statistics from the energy sector has been heard around the world

This National Energy Commission, part of the Chilean Ministry of Energy, has declared that data related to Chilean energy will be entrusted to the public register of Ethereum

That Plan, according to the commission, is that of increasing the security, traceability, and amount of informaton, available to the entire Chilean population

The hacking problem, so the manipulation of data, according to the committee members, is a concrete threat

Hacker attacks can be avoided thanks to the distribution of all the information contained in the database, in the blockchain’s nodes

The first data sent by the National Energy Commission to the blockchain, were those relating to the energy production capacity of the Chilean electric grid

Other data registered on the blockchain were these of marginal costs, to prices of the hydrocarbon of power stations, and average market prices

Once the first phase of the project called Energia Abierta (Open energy) is over, the next step will be the study of the results

All data collected from the first part of the project will be shared with Chilean government agencies of the energy industry, and with companies

According to the Chilean energy Commission, the use of the Ethereum blockchain, natively open to all and decentered, is synonym of security

The Minister of Energy of Chile, Susana Jimenez has declared:

We’re interested to take this technology from a conceptual level to a concrete case, understanding that it’s considered the most disruptive technology of the last ten years by worldwide experts, and which could be part of our everyday lives in the next years.“

Capire le tasse sulle criptomonete.

Understanding taxes on cryptocurrencies

Regulations on bitcoin, cryptocurrencies and blockchain are far from clear. We will try explaining what they are, and how to understand taxes on cryptocurrencies in Italy and other countries.

2018 was a key year for the world of cryptocurrencies, it saw France wanting to invest hundreds of million euros and South Korea turning around after deciding to block money transfers using virtual currencies.

In 2019 there are many changes planned regarding cryptocurrenceis and blockchain, one of these will concern the creation of laws able to give rules for payments and investments.

Taxes on cryptocurrencies in the world

There are no unified tax laws between countries around the world on virtual currenceis, although some countries like the United States, Australia, Singapore and Japan have already legislated.

Non-European countries and taxes on cryptocurrencies.

The US, which is a federal state, has given free choice to every state on legislating about the taxation of cryptocurrencies.

However, this freedom is illusory in some respects, since in all the United States it’s still mandatory to pay taxes on profits deriving from cryptocurrencies.

Points in common between USA, Australia, Singapore and Japan

  • Different taxation regime between individuals and companies.
  • All earnings from Bitcoin, Ethereum, and all other cryptocurrencies are taxed, such as salaries and rents.
  • Taxes diversified based on the nature of profits.

Russia has only recently started taxing virtual money in a clear way, putting behind it, in fact, the regulatory holes that afflicted it.

India, despite its efforts, still has flaws in its regulations, which should be in the process of being resolved.

The case in Poland is symptomatic of the confusion that many states have regarding the functioning of cryptocurrencies.

In fact, before last summer, some Polish cryptocurrency operators had to pay more taxes than the amount they earned.

European countries that are tax havens of cryptocurrencies

In countries such as Portugal, the profits derived from the trading of crpytocurrencies, if made by natural persons, are not taxed.

No taxation even in the Netherlands, Denmark and Slovenia, even these countries can be considered tax havens for cryptocurrencies.

Taxes on cryptocurrencies, the Italy case

As in other fields such as bureaucracy, Italy is certainly not ahead of other European countries, the case of virtual currency taxation is no exception.

In Italy there is currently no unified regulatory framework, you may have to pay taxes on cryptocurrencies.

All Italian legislation on cryptocurrencies is based, at the moment, on circulars drawn up by the Revenue Agency, which are nothing more than a readjustment of already existing rules.

First of all, it’s good to tell you that it is not obligatory to declare if you own Bitcoin or other virtual currencies.

With regard to commercial transactions, car sales, land, houses, rent or a simple breakfast, taxation is the same as other payments in euro.

The problem of taxation arises for new activities such as mining, in fact, no  ATECO code does yet exist for a company of this type.

Small miners that with this activity can earn less than 5000 euros each year, for the Italian legal system are carrying out an activity defined as “discontinuous, irregular and impromptu”, which does not include taxation.

On the other hand, those wishing to set up a mining farm, would find their hands in an unforeseen commercial activity, and therefore without the possibility of being able to open a VAT number.

The trading activity carried out with cryptocurrencies is instead taxed at 26%, but in the event of controls by finance, it would be impossible to trace the origin of cryptocurrencies, since they were derived from the mining activity.

You probably understood that in regard to taxes on cryptocurrencies, Italy is not yet on par with other European countries.

It is desirable for the legislator to issue ad hoc laws for the world of cryptocurrencies and blockchain in general.

africa

Blockchain in Africa, a new frontier

The enormous challenges that the African content will have to face in terms of commercial transactions and the fight against cyber frauds, could have a great help from the blockchain technology.

Africa and new technologies

Not everyone knows that the biggest income of the African content comes from mobile companies, a technology industry that employs 3 million people in Africa. The largest mobile operator in Africa, Safaricom Plc, uses a smartphone transfer service; it’s used by almost all its 30 million customers, a greater percentage than any other country in the world. The IT landscape in Africa is therefore ideal for cryptocurrenceis, and blockchain-based applications.

The Blockchain and cryptocurrencies in Africa.

Events such as the annual Blockchain Africa Conferences, have been taking place since 2015, these conferences attract experts and important personalities from the world of technology related to Blockchaiin, and from that of cryptocurrencies. In third world countries with banking infrastructures are still not very widespread and evolved. Virtual currencies could solve many problems, the example of Zimbabwe and its very high inflation is an example.

The South African country has, in fact, eliminated its currency and had to use others, such as the dollars and the South African Rands, the president of the Zimbabwe, with a statement to the Mail&Guardian, spoke of a possible unique cryptocurrency for the entire African continent.

The few opportunities of earning in Africa have seen the growth of activities related to blockchain and cryptocurrencies.

An example for all is the birth of mining farms in African countries, which are advantageous thanks to the very low price of electricity. Richard M. Bagorogo, a miner from Uganda, apparently earned in just a year, a figure equal to what he earned his entire life as a teacher. Golix.io, the African exchange. You must know that the famous exchange GOlix.io, famous for the very high Bitcoin quotations, has its headquarters in Africa. The reason for such quotations is in fact the fact that you can access only with flat currencies, coming exclusively from African banks.

Blockchain apps Made in Africa.

The potential blockchain technology, with a decentralized and secure “ledger” is very high, and is perfect in a continent like the African one, where corruption and computer fraud are now widespread. Even the same African citizens have no trust since a long time in governments and institutions. The P2P blockchain system would allow them to make transactions without the state or intermediates intervention. In Africa a real digital industrial revolution is expected, as prophesied in this 2018, by the president of South Africa, Cyril Ramaphosa.

Dee Beers, diamonds and blockchain.

At the beginning of 2017, the famous South African diamond company has announced a pilot program called TRACR , launched in 2018 on an experimental basis, it uses the blockchain technology for a verification of quality and origin of its diamonds.

Interpol and VoguePay, fighting crime with blockchain.

In Nigeria, country of origin of online frauds in all the world, the Interpol together with the online payment provider VoguePay, are developing interport. Interport is a platform based on the blockchain, which will provide access to useful information to unmask scams, and to allow you to report any attempts of online scams.

Democratic Republic of the Congo and the cobalt industry.

The use of children in the Congo for the extraction of cobalt is a sore now known all over the world. You will surely know that cobalt is used in almost all technology products, like smartphones, tablets, lithium batteries, electric cars, etc. A new platform based on blockchain, will guarantee that cobalt in Congo is not extracted by children, a human rights violation that is also broken in many countries for other minerals, like tin, gold, tungsten and tantalum.

WISeKey, Microsoft and Rwanda.

The Swiss computer security company WISeKey, together with Microsoft, is helping the Rwandan government to develop a platform based on the blockchain. It will initially be responsible to digitalize the Rwanda land register. The project is actually only at its beginning, the Rwanda in fact, thanks to this collaboration, wants to become a center of excellence in the fiield of new technologies and Blockchain.

5 trends per il 2019

5 Blockchain trends for 2019

The Blockchain world is a constantly evolving ecosystem, like on the earth of the new dawn new “races” would appear, others would evolve, others are destined to extinction.

Consider that in this world, more than 90% of blockchain startups fail, and they have an average life of just over a year.

Blockchain and cryptocurrencies in 2018

This 2018 saw a growth in cryptocurrencies, and then a ruinous collapse of their quotations.

Blockchain technology, on the contrary, has seen the clouds created by China and South Korea dissipate at the beginning of the year, with the block of the ICOs. In fact, both countries and companies like IBM, Amazon, Oracle, have decided to develop proprietary platforms based on this very modern technology.

The implementation of compliance rules by countries such as South Korea are the evidence of the awareness of the major world governments of the potential of this new economy.

5 Blockchain trends for 2019

Identifying the 5 trends of 2019 related to the “block chain” is not easy, but it is certain that next year will bring great news, and perhaps some unexpected surprise.

Online gaming.

The videogames industry is increasingly interested in crypto tokens, and therefore in the blockchain technology.

The Bountie company is a prime example, it has in fact scheduled an online games platform, which will allow you to receive rewards in cryptocurrencies.

Instead of buying goods and equipment with a currency inside the game, like in Fortune or World of Warcraft, you will be able to use your wallet’s cryptocurrency.

We already talked to you in one of our articles about Sony’s approvation for a Playstation 4 videogame, based on the Ethereum blockchain platform.

Mass adoption of the blockchain technology.

Since the start of this year, the interest of large companies such as Sony and IBM towards the creation of decentralized apps based on the blockchain system is clear.

A survey conducted by the market research firm International Data Corporation, highlighted the intention to invest millions of dollars in the blockchain, by many investors.

Scalability and easy use of blockchain

The massive use of the blockchain has brought out all its limits as early as 2017, when the game based on blockchain, Cryptokitties, has literally tilted the Ethereum Network.

The lack of scalability of the platforms limits its performance. Even the most innovative solutions like sidechain are not yet able to handle large volumes of data. Almost all blockchain applications are everything except user friendly, they’re difficult to use for the average user who operates on the internet.

Blockchain Rebranding

The world of the Blockchain has a great need to be distinguished from that of cryptocurrencies, it requires a real rebranding.

Even now, most of the people who are approaching this revolutionary technology, associate the blockchain with transaction made with cryptocurrencies, often obscure and potentially dangerous.

In 2019 we hope  that the information on the net and large companies can clear things up a bit. Not focusing almost exclusively on financial markets related to cryptocurrencies.

Governments and blockchain

In just one year you could see the ICOs and the exchange platforms banned in China and South Korea. And after, the subsequent rehabilitation thanks to regulations that regulate the operation.

South Korea will soon be equipped with a voting system based on blockchain.

Regulations on blockchain and cryptocurrencies are already under development in countries such as Malta, Switzerland, Liechtenstein and Lithuania, a trend that will surely increase in the next 2019.

Cryptoforce Ltd, Eagle Bit Trade e Crypton Ltd

The 3 companies suspended on the Italian market

The 3 companies suspended on the Italian market working in the trading and in the cryptocurrency market, Cryptoforce Ltd, Eagle Bit Trade and Crypton Ltd. They were suspended by CONSOB last November.

In a press release of the 19th of November 2018, the National Commission for Companies and Stock Exchange (CONSOB), suspended the three companies for a period of 90 days..

Crypton Ltd, Cryptoforce Ltd and Eagle Bit Trade violated article 18 of the TUF, which consisted in the provision of unauthorized services and investment activities to the Italian public done by Richmond Investing through the website www.richmondinvesting.com.

The 3 companies suspended on the Italian market, allegedly violated the following laws:

According to CONSOB, the three companies operating in the cryptocurrency sector, have also violated Article 99, paragraph 1, letter b) of the Legislative Decree 58/1998:

  • This offer aimed to Italian customers, on the so-called “commercial packages” carried out by Eagle Bit Trade (resolution n.20695 of 14 November 2018).
  • The offer aimed to Italian customers, regarding the digital currency called “Crypton” put in place by Crypton Ltd. Also through the website https://cryptoforce.world (resolution 20693 of 14 November 2018);
  • That advertising activity, carried out by Mr. Alessandro Brizzi through his Facebook page, regarding the public offering promoted by Cryptoforce Ltd (resolution 20694 of 14 November 2018).

Cryptoforce Ltd.

The company owns the Crypton cryptocurrency, this virtual coin is based on the Proof of Stake, a mining based on the possession of Crypton.

With this ingenious system, you can earn currency by simply owning the cryptocurrency in your wallet.

The purpose of the PoS is to completely eliminate the cost of hardware needed to mine cryptocurrency, which has now become too expensive, and today is the prerogative only of minig farms.

Despite being blocked, the website Cryptonforce.world is still accessible in several languages, the UK site would offer returns of 40% per month, the Crypton’s Facebook page instead has not been updated since a couple of months.

Eagle Bit Trade

On its website, this company, with keywords such as Technology, Experience, nature and Market, would allow anyone to be able to operate in all money markets.

The company operates in the Forex market, and would secure gains thanks to its marketing experts.

The CEO of the Eagle Bit Trade, Edson Junior, according to some sources would not be a known name in financial treading and in the world of cryptocurrencies.

Eagle Bit Trade would have attracted Italian customers through eaglebittradeweb.com, this cryptocurrency trading company would have promised very high profits; the site in question is no longer reachable since several days

The company is currently among those that are based on a Ponzi scheme and which are considered unreliable.

CONSOB and cryptocurrencies in Europe

In this matter, CONSOB highlighted the importance of an internal regulation within the European Union regarding the world of cryptocurrencies and blockchain.

Alessandro Brizzi, an affiliate of Cryptoforce Ltd, has also been involved in the affair, advertising the company on its Facebook profile.

If the violations were confirmed after the 3 months suspension period, the bans would become permanent.