#coinflash

[thecryptoreport]

Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban

Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban

Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold in light of the central bank’s decision to ban them, according to a report by the Guardian Nigeria. The regulatory body released a statement officially confirming any plans to regulate the cryptocurrencies are now on hold following a Central Bank of Nigeria (CBN) directive…

[vex-soluciones]

Coinflash: Una plataforma para invertir tu cambio en criptomonedas Una pequeña suma, almacenada en Bitcoin o Ethereum Nota Completa >> Coinflash: Una plataforma para invertir tu cambio en criptomonedas

[cryptocoingrowth]

Shakepay App Turns Spare Change Into Fractions of BTC

Shakepay App Turns Spare Change Into Fractions of BTC

Canadians can now gradually accumulate small fractions of BTC by rounding up their everyday debit card purchases with a mobile application called Shakepay. The company launched in 2015 operates multiple cryptocurrency services and its new Shakepay Change element aims to provide individuals with a frictionless way to buy BTC in Canada.

Also read: The Digital Revolution Increases Sovereignty

Shakepa…

[hottestproducts]

Automatically invest your spare change into cryptocurrency.

[disable]

フィンテックが話題なので、このあたりの「（それほど気にならない）端数を有意義に使う」アイデアがもっと出てきてもいいですね。 via Pocket

[hanshans63]

𝗗𝗜𝗘 𝗦𝗜𝗘𝗕𝗘𝗡 𝗛𝝠𝗨𝗣𝗧𝗙𝗘𝗛𝗟𝗘𝗥 𝗜𝗠 𝗞𝗥𝗬𝗣𝗧𝝝𝗠𝝠𝗥𝗞𝗧: • 𝙁𝙚𝙝𝙡𝙚𝙣𝙙𝙚𝙨 𝙒𝙞𝙨𝙨𝙚𝙣 • 𝙐𝙣𝙜𝙚𝙙𝙪𝙡𝙙 • 𝙆𝙚𝙞𝙣𝙚 𝘿𝙞𝙫𝙚𝙧𝙨𝙞𝙛𝙞𝙠𝙖𝙩𝙞𝙤𝙣 • 𝙁𝙖𝙡𝙨𝙘𝙝𝙚𝙧 𝙀𝙞𝙣- 𝙪𝙣𝙙 𝘼𝙪𝙨𝙜𝙖𝙣𝙜𝙨𝙯𝙚𝙞𝙩𝙥𝙪𝙣𝙠𝙩 • 𝙀𝙢𝙤𝙩𝙞𝙤𝙣𝙖𝙡𝙚 𝙀𝙣𝙩𝙨𝙘𝙝𝙚𝙞𝙙𝙪𝙣𝙜𝙚𝙣 • 𝙈𝙖𝙣𝙜𝙚𝙡𝙣𝙙𝙚 𝙎𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙚 • 𝙑𝙚𝙧𝙩𝙧𝙖𝙪𝙚𝙣 𝙞𝙣 𝙪𝙣𝙨𝙚𝙧𝙞𝙤𝙚𝙨𝙚 𝙁𝙞𝙧𝙢𝙚𝙣 . 👉 Content @coin_flash #cryptotrading 𝙎𝙤 𝙡𝙤𝙚𝙨𝙩 𝙙𝙞𝙚 𝘾𝙤𝙞𝙣𝙛𝙡𝙖𝙨𝙝 𝘼𝙥𝙥 𝙙𝙞𝙚 𝙨𝙞𝙚𝙗𝙚𝙣 𝙃𝙖𝙪𝙥𝙩𝙛𝙚𝙝𝙡𝙚𝙧 𝙞𝙢 𝙆𝙧𝙮𝙥𝙩𝙤𝙢𝙖𝙧𝙠𝙩: 𝟭. 𝙏𝙧𝙖𝙙𝙚𝙨 𝙫𝙤𝙣 𝙀𝙭𝙥𝙚𝙧𝙩𝙚𝙣 𝟮. 𝘼𝙠𝙩𝙪𝙚𝙡𝙡𝙚𝙧 𝙎𝙩𝙖𝙣𝙙 𝙙𝙚𝙧 𝙏𝙧𝙖𝙙𝙚𝙨 𝟯. 𝙎𝙞𝙜𝙣𝙖𝙡𝙚 𝙛𝙪𝙚𝙧 𝙫𝙚𝙧𝙨𝙘𝙝𝙞𝙚𝙙𝙚𝙣𝙚 𝙒𝙖𝙚𝙝𝙧𝙪𝙣𝙜𝙨𝙥𝙖𝙖𝙧𝙚 𝟰. 𝙑𝙤𝙧𝙜𝙚𝙜𝙚𝙗𝙚𝙣𝙚 𝙆𝙖𝙪𝙛- 𝙪𝙣𝙙 𝙑𝙚𝙧𝙠𝙖𝙪𝙛𝙨𝙬𝙚𝙧𝙩𝙚 𝟱. 𝙍𝙖𝙩𝙞𝙤𝙣𝙖𝙡𝙚 𝙈𝙖𝙧𝙠𝙩𝙖𝙣𝙖𝙡𝙮𝙨𝙚 𝟲. 𝙀𝙧𝙛𝙤𝙡𝙜𝙧𝙚𝙞𝙘𝙝𝙚 𝙃𝙖𝙣𝙙𝙚𝙡𝙨𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙚 𝟳. 𝙎𝙘𝙝𝙬𝙚𝙞𝙯𝙚𝙧 𝘼𝙠𝙩𝙞𝙚𝙣𝙜𝙚𝙨𝙚𝙡𝙡𝙨𝙘𝙝𝙖𝙛𝙩 . 👉 Founders von Coinflash @bentrepreneure & @cyrilgretler (hier: Canton of Zürich) https://www.instagram.com/kryptorevolution/p/BujCN6dnNL5/?utm_source=ig_tumblr_share&igshid=k8yxq6afl2l

[joshuajacksonlyblog]

New Shakepay Feature Turns Your Spare Change Into Bitcoin

Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post.

The new service connects to a user's bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically. So, if you buy a latte for $2.97, Shakepay Change would use the $0.03 to invest in bitcoins or ether.

Each satoshi purchased will be added to the user’s Shakepay wallet, where it can be transferred to another bitcoin wallet or sold for cash. Shakepay charges a 0.75 percent transaction fee for buying or selling cryptocurrency, but it's free to deposit or withdraw funds.

"We’re excited that Shakepay Change will allow every Canadian to easily own bitcoin, buying small amounts gradually over time. Many of our customers already buy bitcoin week after week for the purpose of long-term holding," Shakepay CEO Jean Amiouny told Bitcoin Magazine via email.

Montreal-based Shakepay operates with a Money Service Business license from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in all Canadian provinces and territories. The firm had also partnered with Schedule 1 bank, one of the few bitcoin-friendly banks in Canada, earlier this year. Amiouny said the new service will be available to all customers of major Canadian banks and credit unions, so Canadian users will be able to link their bank accounts to Shakepay Change once it launches regardless of their bank.

On the issue of security, Amiouny said the startup has built extra security features to protect customers, including "2-Factor authentication, email confirmations for outgoing crypto transactions, app PIN code, [and] login alerts, among other fraud detection programs internally."

He said that the majority of customer funds are held in an air-gapped cold storage system with only a small portion of funds held in the company’s online hot wallet so that they are available for immediate customer withdrawals.

Shakepay's round-up investment for cryptocurrencies is similar to what Acorns did to traditional assets. U.S.-based Acorns launched its micro-investment service three years ago, which became popular with millennials, enabling the company to grow to over 850,000 customers. Customers entrust the investing app with their credit card details; in return, the app automates their investment process on traditional assets.

Coinflash offers a similar service to American consumers through its mobile app. Unlike Shakepay, Coinflash pulls the data from your debit or credit card and uses the spare change to make purchases on Coinbase. Thus, users need a Coinbase account before they can fully profit from the automated investment process.

Shakepay Change, on the other hand, uses Shakepay’s own exchange, so it doesn't need to outsource this service.

A similar service, Lawnmower, which started as a roundup app for buying up bitcoin with spare change, was acquired by digital currency news outlet Coindesk in 2017. As with Coinflash, Lawnmower makes its purchases through an API integration with Coinbase. Lawnmower was subsequently acquired due to the ease of use and appeal of its cryptocurrency price charts.

This article originally appeared on Bitcoin Magazine.

from Cryptocracken Tumblr https://ift.tt/2PGNjbi via IFTTT

[bowsetter]

Shakepay App Turns Spare Change Into Fractions of BTC

Canadians can now gradually accumulate small fractions of BTC by rounding up their everyday debit card purchases with a mobile application called Shakepay. The company launched in 2015 operates multiple cryptocurrency services and its new Shakepay Change element aims to provide individuals with a frictionless way to buy BTC in Canada.

Also read: The Digital Revolution Increases Sovereignty

Shakepay: A Spare Change-to-Cryptocurrency App

The Montreal-based financial technology company Shakepay provides digital currency applications for Canadians. Since 2015, the Shakepay application has provided users with the ability to purchase and sell bitcoin core (BTC) in a quick fashion. The company has serviced over 40,000 customers and has processed well over $30 million in BTC since its inception. The Shakepay Change feature is a new addition to the slew of applications created to make acquiring bitcoins easier. The change service will allow Canadians to purchase BTC with the spare change of rounded up debit purchases.

Basically, Shakepay Change users need to link a debit card to their Shakepay account. Then if they purchase anything, the application will round up each purchase to the nearest dollar. The leftover change is what is used to purchase BTC and then the platform adds the funds to the Shakepay wallet.

“Following Bitcoin, the entire suite of financial services is being rebuilt independently from the current financial infrastructure,” explained Jean Amiouny, CEO of Shakepay. “We believe enabling access to these services is paramount to the creation of wealth and economic freedom.”

Shakepay is a licensed money services business and can operate in any province throughout Canada. The company is backed by investors such as Boost VC and has also partnered with a Schedule 1 bank in order to facilitate the application’s payment processing. The Shakepay team believes Bitcoin’s innovation is important because “it enables wealth to be stored with an individual without the need for a third party.” The Shakepay application with the spare change service is available for Canadians using both Android and iOS mobile phones.

Not the Only Loose Change Crypto-Application

Shakepay is not the first company to offer this type of cryptocurrency purchasing technique with rounded up debit purchases. Back in the spring of 2015, the project Lawnmower.io offered a spare change-into-bitcoin conversion tool that was tethered to Coinbase accounts. However, Lawnmower stopped offering the rounded change feature back in March 2016.

Then there’s another digital currency purchasing application that rounds up purchases called Coinflash. The Coinflash application gives users the ability to purchase BTC and ETH using spare change.

As far as Canadians are concerned, they can try the Shakepay platform to acquire small fractions of BTC. “Our mission is to create open access to building wealth and we’re setting out to have every single Canadian owning bitcoin,” Amiouny added.

What do you think about the Shakepay Change feature? Let us know what you think about this subject in the comments section below. 

Images via Shakepay Change, and Shutterstock. 

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Shakepay App Turns Spare Change Into Fractions of BTC appeared first on Bitcoin News.

READ MORE http://bit.ly/2RXySSd

[teiraymondmccoy78]

New Shakepay Feature Turns Your Spare Change Into Bitcoin

New Shakepay Feature Turns Your Spare Change Into Bitcoin

Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed “ShakePay Change,” the pre-launch of the service was announced in a Medium post.

The new service connects to a user’s bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically. So, if you buy a latte for $2.97, Shakepay Change would use the $0.03 to invest in bitcoins or ether.

Each satoshi purchased will be added to the user’s Shakepay wallet, where it can be transferred to another bitcoin wallet or sold for cash. Shakepay charges a 0.75 percent transaction fee for buying or selling cryptocurrency, but it’s free to deposit or withdraw funds.

“We’re excited that Shakepay Change will allow every Canadian to easily own bitcoin, buying small amounts gradually over time. Many of our customers already buy bitcoin week after week for the purpose of long-term holding,” Shakepay CEO Jean Amiouny told Bitcoin Magazine via email.

Montreal-based Shakepay operates with a Money Service Business license from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in all Canadian provinces and territories. The firm had also partnered with Schedule 1 bank, one of the few bitcoin-friendly banks in Canada, earlier this year. Amiouny said the new service will be available to all customers of major Canadian banks and credit unions, so Canadian users will be able to link their bank accounts to Shakepay Change once it launches regardless of their bank.

On the issue of security, Amiouny said the startup has built extra security features to protect customers, including “2-Factor authentication, email confirmations for outgoing crypto transactions, app PIN code, [and] login alerts, among other fraud detection programs internally.”

He said that the majority of customer funds are held in an air-gapped cold storage system with only a small portion of funds held in the company’s online hot wallet so that they are available for immediate customer withdrawals.

Shakepay’s round-up investment for cryptocurrencies is similar to what Acorns did to traditional assets. U.S.-based Acorns launched its micro-investment service three years ago, which became popular with millennials, enabling the company to grow to over 850,000 customers. Customers entrust the investing app with their credit card details; in return, the app automates their investment process on traditional assets.

Coinflash offers a similar service to American consumers through its mobile app. Unlike Shakepay, Coinflash pulls the data from your debit or credit card and uses the spare change to make purchases on Coinbase. Thus, users need a Coinbase account before they can fully profit from the automated investment process.

Shakepay Change, on the other hand, uses Shakepay’s own exchange, so it doesn’t need to outsource this service.

A similar service, Lawnmower, which started as a roundup app for buying up bitcoin with spare change, was acquired by digital currency news outlet Coindesk in 2017. As with Coinflash, Lawnmower makes its purchases through an API integration with Coinbase. Lawnmower was subsequently acquired due to the ease of use and appeal of its cryptocurrency price charts.

Original Source https://ift.tt/2EsrA4O

[thecryptoreport]

Avalanche Developers Rush Client Patch as ‘Bug’ Slows Blockchain Transactions

Avalanche Developers Rush Client Patch as ‘Bug’ Slows Blockchain Transactions

The Avalanche network has come to a near halt after “a bug in the cross-chain functionality” code that enables the Avalanche protocol and the Ethereum Virtual Machine (EVM) to speak with each other failed under high loads, according to the Avalanche developer team on Reddit. The release of Avalanche‘s newest decentralized finance (DeFi) product, money market Pangolin, snowballed into “insane…

[vanessawestwcrtr5]

New Shakepay Feature Turns Your Spare Change Into Bitcoin

New Shakepay Feature Turns Your Spare Change Into Bitcoin

Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed “ShakePay Change,” the pre-launch of the service was announced in a Medium post.

The new service connects to a user’s bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically. So, if you buy a latte for $2.97, Shakepay Change would use the $0.03 to invest in bitcoins or ether.

Each satoshi purchased will be added to the user’s Shakepay wallet, where it can be transferred to another bitcoin wallet or sold for cash. Shakepay charges a 0.75 percent transaction fee for buying or selling cryptocurrency, but it’s free to deposit or withdraw funds.

“We’re excited that Shakepay Change will allow every Canadian to easily own bitcoin, buying small amounts gradually over time. Many of our customers already buy bitcoin week after week for the purpose of long-term holding,” Shakepay CEO Jean Amiouny told Bitcoin Magazine via email.

Montreal-based Shakepay operates with a Money Service Business license from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in all Canadian provinces and territories. The firm had also partnered with Schedule 1 bank, one of the few bitcoin-friendly banks in Canada, earlier this year. Amiouny said the new service will be available to all customers of major Canadian banks and credit unions, so Canadian users will be able to link their bank accounts to Shakepay Change once it launches regardless of their bank.

On the issue of security, Amiouny said the startup has built extra security features to protect customers, including “2-Factor authentication, email confirmations for outgoing crypto transactions, app PIN code, [and] login alerts, among other fraud detection programs internally.”

He said that the majority of customer funds are held in an air-gapped cold storage system with only a small portion of funds held in the company’s online hot wallet so that they are available for immediate customer withdrawals.

Shakepay’s round-up investment for cryptocurrencies is similar to what Acorns did to traditional assets. U.S.-based Acorns launched its micro-investment service three years ago, which became popular with millennials, enabling the company to grow to over 850,000 customers. Customers entrust the investing app with their credit card details; in return, the app automates their investment process on traditional assets.

Coinflash offers a similar service to American consumers through its mobile app. Unlike Shakepay, Coinflash pulls the data from your debit or credit card and uses the spare change to make purchases on Coinbase. Thus, users need a Coinbase account before they can fully profit from the automated investment process.

Shakepay Change, on the other hand, uses Shakepay’s own exchange, so it doesn’t need to outsource this service.

A similar service, Lawnmower, which started as a roundup app for buying up bitcoin with spare change, was acquired by digital currency news outlet Coindesk in 2017. As with Coinflash, Lawnmower makes its purchases through an API integration with Coinbase. Lawnmower was subsequently acquired due to the ease of use and appeal of its cryptocurrency price charts.

Original Source https://ift.tt/2EsrA4O

[mccartneynathxzw83]

New Shakepay Feature Turns Your Spare Change Into Bitcoin

New Shakepay Feature Turns Your Spare Change Into Bitcoin

Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed “ShakePay Change,” the pre-launch of the service was announced in a Medium post.

The new service connects to a user’s bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically. So, if you buy a latte for $2.97, Shakepay Change would use the $0.03 to invest in bitcoins or ether.

Each satoshi purchased will be added to the user’s Shakepay wallet, where it can be transferred to another bitcoin wallet or sold for cash. Shakepay charges a 0.75 percent transaction fee for buying or selling cryptocurrency, but it’s free to deposit or withdraw funds.

“We’re excited that Shakepay Change will allow every Canadian to easily own bitcoin, buying small amounts gradually over time. Many of our customers already buy bitcoin week after week for the purpose of long-term holding,” Shakepay CEO Jean Amiouny told Bitcoin Magazine via email.

Montreal-based Shakepay operates with a Money Service Business license from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in all Canadian provinces and territories. The firm had also partnered with Schedule 1 bank, one of the few bitcoin-friendly banks in Canada, earlier this year. Amiouny said the new service will be available to all customers of major Canadian banks and credit unions, so Canadian users will be able to link their bank accounts to Shakepay Change once it launches regardless of their bank.

On the issue of security, Amiouny said the startup has built extra security features to protect customers, including “2-Factor authentication, email confirmations for outgoing crypto transactions, app PIN code, [and] login alerts, among other fraud detection programs internally.”

He said that the majority of customer funds are held in an air-gapped cold storage system with only a small portion of funds held in the company’s online hot wallet so that they are available for immediate customer withdrawals.

Shakepay’s round-up investment for cryptocurrencies is similar to what Acorns did to traditional assets. U.S.-based Acorns launched its micro-investment service three years ago, which became popular with millennials, enabling the company to grow to over 850,000 customers. Customers entrust the investing app with their credit card details; in return, the app automates their investment process on traditional assets.

Coinflash offers a similar service to American consumers through its mobile app. Unlike Shakepay, Coinflash pulls the data from your debit or credit card and uses the spare change to make purchases on Coinbase. Thus, users need a Coinbase account before they can fully profit from the automated investment process.

Shakepay Change, on the other hand, uses Shakepay’s own exchange, so it doesn’t need to outsource this service.

A similar service, Lawnmower, which started as a roundup app for buying up bitcoin with spare change, was acquired by digital currency news outlet Coindesk in 2017. As with Coinflash, Lawnmower makes its purchases through an API integration with Coinbase. Lawnmower was subsequently acquired due to the ease of use and appeal of its cryptocurrency price charts.

Original Source https://ift.tt/2EsrA4O

[thecryptonewsfeed]

Convenient Cryptocurrency Investing: Coinflash vs Coinseed vs Crumbs. #crypto #cryptocurrency #cryptocurrencies https://ift.tt/2xPxXdM 

Convenient Cryptocurrency Investing: Coinflash vs Coinseed vs Crumbs. #crypto #cryptocurrency #cryptocurrencies https://ift.tt/2xPxXdM 

from Cryptocurrency and Blockchain News https://twitter.com/cryptoicobull/status/1044279633183735808 via IFTTT. Earn Bitcoin - http://bit.ly/earnbitcoineasily.

[mhxjorja3665898-blog]

Who Controls The "supernodes" In It?

However because of the frenzy round bitcoin, transaction occasions have spiked, which might go towards the original goals of the cryptocurrency. 6. Ripple: Ripple is a protocol that permits close to instantaneous transaction settlements and reduces transaction fees to mere cents. Furthermore, they've lower transaction fees than Coinbase. Called Coinflash, the app takes the spare change left over out of your purchases in the course of the week and makes use of that cash to invest within the cryptocurrency of your alternative via a Coinbase account. The following page is the place you will select the account type and fill out extra information. The bitcoin is barely 1 out of the top 5! Zcash, which went dwell on Friday with model 1.0 "Sprout," is basically an experimental fork of bitcoin that makes an attempt to address an inherent contradiction of the supposedly "untraceable" cryptocurrency. Though this specific cryptocurrency just isn't as revolutionary as our previous coin, Ethereum, it remains to be has a whole lot of potential.

Many don’t even thoughts the excessive changes that happen and those with quite a lot of experience know the volatile nature of Bitcoin because of its’ historical past. I spoke with him as the worth of Bitcoin was within the midst of plummeting 30 p.c in a day, to a point at which it nonetheless would have grown ten-fold in a year. What options do we have now? The primary stage ends on August 21, 2017, or when their token distribution cap (50,000,000 DMarket tokens) is reached. Blockchain, the world's second largest bitcoin (BTC) wallet platform behind Coinbase, absolutely built-in Ethereum by launching its ether (ETH) wallet on August 17. Customers can now commerce BTC for ETH straight from its web-based mostly wallet platform by way of Shapeshift. That is the primary time I've heard of ethereum. Bitcoin's first weeks available on the market were marked by important swings in value, however Drake attributes some of that to folks cashing in their coins for vacation procuring.

Now that 2017 is in its final months, people can't assist but wonder what will be the Best cryptocurrency exchange with ripple cryptocurrency to spend money on 2018 is. Thankfully, in January 2018 the web site underwent a successful migration and all programs are actually reported to be functioning to everybody's satisfaction. However that doesn't suggest that you need to use the maximum obtainable leverage, and in reality, you should not until you really know what you are doing! The data stored in Bitcoin's blockchain is at all times out of harm's manner as a result of thousands of decentralized nodes, that are distributed everywhere in the world, keep a replica of the blockchain. $2 billion over seven years, as Toshiba's did. $Three.7 billion raised by initial coin choices, in response to British consultancy EY, which reviewed over 370 ICOs all over the world. Google "dentist bitcoin" and you will see a number of press releases from all around the world with dentists turning into the "pioneer" of accepting Bitcoin in their metropolis. $5 this week, galvanizing on its features made over October.

As we speak the undertaking had its pre-sale and it ended at just about 36 minutes in response to the official information rising 1500 ETH with the precise token sale (H2O Token) starting on October third and working for a month. This project can also be backed by a tremendous checklist of cryptocurrency and blockchain leaders, akin to Roger Ver, Miko Matsumara, Mate Tokay, Yagub Rahimov, Lionel Iruke and lots of other. The challenge has the crypto community very excited and already has a wholesome market which is pegged to explode in Q3 2017 when the Ardor mainnet launches. Exchanges enabled commerce in the digital currency, investors bought in, miners pointed their hardware to it, and a new growth neighborhood started to type. Many hacker hack wallets using community platform, as hardware wallet, run offline. At first of the platform, there might be 19 foreign money pairs throughout six cryptocurrencies (BTC, ETH, Sprint, ZEC, LTC, XMR) and three national currencies (USD, RUB, CNY). Manpower, gear, money, political support, diplomatic capital, ethical requirements, patience -- all begin to run out.

Bitcoin, being a cryptocurrency that was outlined means back in 2009, is far slower than different altcoins. The hyip bitcoin script could be very convenient method to construct your business with handiest option to impress more bitcoin traders and enhance your online business to top degree. The actual world belongings and different alt-coins might be tokenized via the Decentralized Asset Administration Platform and multiple investors can put money into a single asset simultaneously. What excites me essentially the most about Bitcoin is that solely about 1% of the world right now owns it. Sign up for an account proper now and obtain a first deposit bonus. To get the voucher you will need to open an account with BitOasis first. You want your coin to do a whole lot of stuff as a way to atract a variety of usage. GEMINI - the very best and the only licensed alternate in the US. At current, those using ICOs to lift funds haven’t made disclosures in the style prescribed by the SEC for a better-recognized fundraising mechanism, the initial public offering (IPO). These are I my personal emotions about it, so again my apologies for not knowing sufficient.

[samantilla]

“Las criptomonedas son ‘otro efectivo’ (cryptocurrencies are ‘other cash’)

Las criptomonedas son ‘otro efectivo’ [Cryptocurrencies are ‘other cash’], y deben medirse a valor razonable con los cambios en el valor razonable llevados a otros ingresos comprensivos [Other comprehensive income (OCI)]. Diferenciando, claro está, entre la tenencia de las criptomonedas y las transacciones en criptomonedas.

Las criptomonedas son una aplicación de la cadena de bloques (blockchain). En la actualidad se dispone de un conjunto amplio de estas monedas digitales (Ethereum, Ripple, Litecoin, Namecoin, Hashcoin, Beertoken), siendo la más popular es Bitcoin, hasta el punto que muchos identifican criptomoneda con Bitcoin. [1]

En el presente son una realidad e incluso la Commodity Futures Trading Commission (CFTC) de Estados Unidos acaba de autorizar negociar con productos financieros ligados a bitcoin. [2]

Hay alguna claridad respecto del tratamiento tributario (por lo menos en los Estados Unidos) pero todavía no ha sido resuelto su tratamiento en la contabilidad financiera. IASB todavía no tiene este tema en su agenda y pocas firmas de contadores están abordando los temas contables y de auditoría, apenas están entendiendo qué es blockchain y qué son las criptomonedas, si bien una de ellas ya aceptó, en Hong Kong, su primer pago en Bitcoim por servicios de asesoría. [3Ante las diferentes propuestas de contabilización, que aquí se resumen brevemente, me atrevo a sugerir que deberán llevarse en una cuenta denominada ‘otro efectivo,’ medido a valor razonable con los cambios en el valor razonable llevados a otros ingresos comprensivos (other comprehensive income – OCI). Diferenciando, claro está, entre la tenencia de las criptomonedas y las transacciones en criptomonedas.

Dennis Najjar señala que Estados Unidos se ha destacado por el tratamiento tributario dado a estas monedas reconociéndolas, para efecto de los impuestos federales, como ‘propiedad’ y no tanto como ‘metálico’:

(1)    La criptomoneda NO es tratada como moneda para determinar pérdidas o ganancias según las leyes tributarias;

(2)    Los contribuyentes tienen que incluir el valor de mercado razonable (fair market value) de la moneda virtual, cuando sea usada para pagar bienes o servicios;

(3)    El valor de mercado razonable es determinado a la fecha en que es adquirido, virtualmente como un intercambio por dólares de los Estados Unidos;

(4)    El contribuyente puede tener una ganancia o pérdida virtual.

Y agrega:

Por supuesto, la práctica contable más importante es registrar el valor de la criptomoneda en el momento en que usted la recibe, y en el momento en que usted la “gasta”. De esta manera, usted puede calcular exactamente las ganancias y pérdidas. [4]

En la misma línea de Najjar, refiriéndose al tema tributario en los Estados Unidos, Robert A. Green señala que los ingresos y las pérdidas tributarios deben ser calculados con base en las reglas del IRS para las ‘coin transactions’ y diferencia los distintos tipos de transacciones que se pueden realizar:

Coin-to-currency trades, coin-to-coin trades, receipt of coin in a hard fork or split transaction, purchases of goods or services made with a coin, and mining revenue.

(Comercio de metálico-a-moneda-legal, comercios de metálico-a-metálico, recibo de metálico en una transacción de tenedor duro o de división, compras de bienes o servicios realizadas con metálico, e ingresos ordinarios de minería) [5]

Andrew Gordon, un contador que se especializa en criptomonedas, en entrevista a Louis Lapat, Founder of Coinflash (MS in Computer Science & MFA en filmmaking) expresa lo anterior de una manera clara:

El IRS ha clasificado la criptomoneda como “propiedad” más que como “moneda”. Como tal, cualesquiera incrementos en el valor son ganancias cuando la propiedad es vendida. El IRS no ha expresado orientación sobre otras áreas de criptomonedas tales como si es elegible para un “intercambio en especie” (lo que la haría libre de impuestos), si es un activo en el extranjero, y ciertos tratamientos si es tenida en una cuenta de retiro. [6]

Por los lados de la contabilidad financiera es poco lo que se ha avanzado. Los actuales estándares de contabilidad no han sido elaborados teniendo en cuenta las criptomonedas.

Gary Berchowitz señala que la velocidad, facilidad y ahorros de costos asociados con este tipo de moneda significan que tienen el potencial de volverse la selección popular para los pagos, con grandes marcas tales como EBay, Dell y PayPal aceptando el pago de Bitcoin. Anota que los inversionistas están invirtiendo en ellas con la esperanza de realizar ganancias de capital. [7]

Agrega que las criptomonedas necesitan satisfacer la definición contable de ‘activo financiero’ y que ahí radica el problema central porque tales monedas no son:

·       Moneda de curso legal (i.e., efectivo tal y como es definido)

·       Equivalente de efectivo, porque su valor está expuesto a cambios importantes en el mercado

·       Un derecho contractual a recibir ya sea efectivo o un equivalente de efectivo

También menciona que otras alternativas de reconocimiento, ya sea como inventario o como activos intangibles necesitarían que se midan al costo. En el caso de los activos intangibles, se necesitaría que exista un mercado activo para que puedan ser medidos a valor razonable.

Concluye que a valor razonable con los movimientos reflejados en ‘utilidad o pérdida’ proporcionan la información más útil para los inversionistas y reitera su preocupación de que no está en la agenda de IASB.

De acuerdo con mi entender y, principalmente en un contexto IFRS, para contabilizar las criptomonedas es necesario diferenciar entre:

·       La tenencia de las criptomonedas. ¿Lo que se tiene es un activo? En concreto se trata de un activo financiero que en realidad es ‘otro efectivo’ (diferente de efectivo y equivalentes de efectivo, pero muy cercano a éstos). Que debe medirse a valor razonable, con los cambios en el valor razonable llevados a otros ingresos comprensivos (other comprehensive income – OCI). Esta contabilización reconoce la naturaleza diferente (‘otro efectivo’) y la realidad de que en el período no genera utilidades o pérdidas pero que, en un período futuro sí, momento en el cual deberá ser reciclado a utilidades o pérdidas del período. Esta es una práctica ya suficientemente reconocida y probada con instrumentos financieros de largo plazo.

·       Las transacciones en criptomonedas. Compras, ventas, pagos en ‘otro efectivo’ contra la cuenta respectiva de lo que se compró, vendió o pagó, según el IFRS que sea aplicable.

Ciertamente, esto puede generar diferencias importantes con lo requerido por las autoridades tributarias, lo cual conduce a situaciones interesantes relacionadas con impuestos diferidos. No siempre será conveniente seguir las prácticas actuales asociadas con las valuaciones.

Adicionalmente, será necesario tener en cuenta lo relacionado con las ‘diferencias de cambio,’ habida cuenta que la moneda de presentación tendrá que ser la reconocida legalmente por la autoridad del entorno de la entidad que reporta, tal y como lo requiere el IAS 21. No será conveniente la aplicación del IAS 21 porque las criptomonedas no son ‘moneda legal,’ pero sí se generan interesantes problemas por diferencias de cambio.

Un aspecto adicional a considerar es el que la ‘bancarización’ hace que sea más fácil contabilizar las criptomonedas, habida cuenta que (como ocurre en los Estados Unidos) se combate a los ‘coin investors.’ En otras palabras, aplica la lógica de que la moneda virtual responde a un entorno de negocios que utiliza intensamente los modernos desarrollos en la tecnología de la información.

 Notas:

[1] Un excelente análisis de cómo han evolucionado la tecnología de la cadena de bloques y sus diferentes impactos, lo encuentra en: Leal Trujillo, Jesús, Steve Fromhart, and Val Srinivas, Evolution of blockchain technology November 06, 2017, en: https://dupress.deloitte.com/dup-us-en/industry/financial-services/evolution-of-blockchain-github-platform.html  

Para un análisis de cómo esta tecnología está impactando las profesiones de los auditores y de los contadores, vea: Mantilla B., Samuel A. Blockchain: ¿Adiós a los auditores? Marzo, 2017, en: https://samantilla1.net/blockchain-adios-los-auditores/

[2] Para un recuento periodístico, vea: EEUU autoriza negociar con productos financieros ligados al bitcoin, en: http://www.elmundo.es/economia/macroeconomia/2017/12/01/5a218ada46163fa7558b460d.html.

Para el anuncio oficial, vea: CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange, en: http://www.cftc.gov/PressRoom/PressReleases/pr7654-17#PrRoWMBL.

[3] Samburaj Das, ‘Big4’ Accounting Giant PwC Accepts its First Bitcoin Payment, Cryptocoin News, November 30, 2017, https://www.cryptocoinsnews.com/big-4-accounting-giant-pwc-accepts-first-bitcoin-payment/

[4] Najjar, Dennis. Accounting in the World of Cryptocurrency. Accountingdepartment.com:

https://www.accountingdepartment.com/blog/bid/384341/Accounting-in-the-World-of-Cryptocurrency

[5] Green, Robert A. Smart Tax Accounting Moves For Cryptocurrency Traders. Forbes.com, Octubre 31, 2017

https://www.forbes.com/sites/greatspeculations/2017/10/31/smart-tax-accounting-moves-for-cryptocurrency-traders/#8e13de1c17b3

[6] Louis Lapat, Founder of Coinflash (MS in Computer Science & MFA en filmmaking) – Nov 7/2017 “Accounting For Cryptocurrency” – en Medium Corporation, Entrevista a Andrew Gordon: https://medium.com/@louislapat/accounting-for-cryptocurrency-1080f42b7222

[7] Berchowitz, Gary, Accounting for Cryptocurrency, November 28, 2017, en:

http://pwc.blogs.com/ifrs/2017/11/accounting-for-cryptocurrency.html