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Quppy introduces multi-currency crypto-wallet with unique cross-platform applications. The Quppy wallet is a multi-language and multi-currency licensed crypto wallet that assures the most advanced security features.

Quppy: a Unique, Multi-Currency, Cross-Platform Crypto-Wallet

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The recently launched ‘BitcoinNews.com Daily Podcast’ provides easy access to the latest news on Bitcoin, blockchain and cryptocurrencies across 11 platforms.

BitcoinNews.com Daily Podcast

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Introducing Authoreon's A-ID, the first digitally readable, optical label on the blockchain. The A-ID enables multiple applications that provide authentication, authorization, verification, and certification.

Authoreon launches the A-ID Code, the first machine-readable, optical label on the blockchain

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Gigecoin has created the gig economy platform using blockchain technology in order to handle the problems faced in the gig economy sector while also improving how the industry works. 

This platform is essentially an autonomous, decentralised staffing platform with its own crypto asset coin and terminal that has zero transaction fees and a capacity to immediately exchange coins to fiat.

The Gig Economy Platform by GigEcoin Makes it Easy

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A new August survey says the number of Australians currently holding virtual currency has nearly tripled since a similar study was carried out in January.

Number of Australians Holding Cryptocurrency Doubles

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First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP).

Bitcoin Mutual Fund Launches in Canada

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A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.

Chinese Government Accepts Blockchain Records as Evidence in Court

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Cryptocurrency futures startup Deribit offer users fiat loans based on the cryptocurrency collateral.
January 1st, 2018   

Cryptocurrency futures startup Deribit offer users fiat loans based on the cryptocurrency collateral.

No one said being a successful long-term cryptocurrency trader was easy. Many long term crypto holders are eager to spend part of their wealth but at the same time wish to remain fully invested. Unsurprisingly, most of them are also very reluctant to help out the centralized state by incurring a large tax claim.

A solution that gets a lot of coverage is crypto backed lending; where a crypto holder posts part of his or her crypto assets as collateral for a cash loan. For an example loan of $50,000, a lender could ask for $125,000 of crypto assets as collateral. The problem is that if the crypto used for collateral starts dropping and its value dips below say $75,000 there will be a margin call forcing the borrower to either increase the collateral or reduce the loan.

A growing number of companies are active in this area but collectively they have originated less than $100 million of loans. Cryptocurrency futures and options trading platform Deribit believe the main reason for the relatively small total loan amount is the possibility for a margin call.

During a large price drop, borrowers always have to be ready to replenish their collateral while the lender faces the risk that a margin call does not happen and the loan is no longer covered by its collateral. We believe these risks are keeping lenders and borrowers out of the market.

Derivatives
Derivatives – and specifically put options – can be a powerful solution to this problem. Put options are basically insurance contracts and can be used to ensure the collateral so its value never drops below the value of the loan. This ensures the borrower can always repay its loan and the lender is always paid.

Deribit Figures
  • A $50,000 loan maturing on the 28th of December 2018 and yielding a 14% annual interest rate can be insured by the lender using Deribit put options.
  • Of course taking out insurance requires an insurance premium to be paid. As of the 13th of July 2018 at 14:00 CET the premium for the relevant put options maturing 28th of December 2018 was $1,499.

  • The total interest paid by the borrower to the lender amounted to $3,203, so after the cost of the put option the lender still has $1,672 of interest margin that carries almost no risk.
  • In percentages, this interest margin is 3.3% over the period or 7.2% on an annual basis.
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Blue Dividing Bar The put options mainly benefits the borrower as he or she is no longer faced with the margin call risk and it effectively provides a loan repayment guarantee where – even of the value of the collateral goes to 0 – the borrower will never have to post extra cash to repay the loan.

Since the lender is the one paying for the put option the interest rate on the loan can probably go up a bit so the borrower pays about 15-17% per year but gets the benefit from the put option. At the same time the lender gets 8-10% per year almost without any risk.

Deribit, one of the most liquid crypto options exchanges, offers options go out to the 28th of December 2018 so at the moment that is the maximum maturity date of a fully protected loan. At the moment these options are only available in BTC but more crypto’s will soon be added.

Taking out the margin call and repayment risks will allow many more lenders and borrowers to enter the market. It might also speed up applications by removing the need for a personal credit check. This could finally allow the crypto backed lending market to take off and allow for some spending by those poor crypto winners.

About Deribit
Deribit is live since June 2016 after several years of development. John Jansen, the original founder teamed up with Marius Jansen, Sebastian Smyczýnski and Andrew Yanovsky. Deribit started as a Bitcoin Futures and Options trading platform going live in the summer of 2016.

To learn more visit their website: deribit.com

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A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.
   
Imagol is a blockchain-based decentralized P2P image marketplace which will enable photographers to get rid of photo piracy, copyright violation and most importantly enable them to enjoy a larger share of profits on the sale of their creations. The platform will facilitate easy monetization of photos and make the most of everyone’s creation by featuring them as micro-stock collection
   
XAYA, the ultimate blockchain gaming platform, has begun its long-awaited main sale. The sale is orchestrated through Liquid’s Market and will run for a maximum of five weeks.
       

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