GG World Announces Reverse ICO as It Prepares to Offer Regulated Blockchain Lotteries

GG World Announces Reverse ICO as It Prepares to Offer Regulated Blockchain Lotteries

GG World’s ICO has been announced

to start from November 2, 2018, and the investors are keen to discover the benefits of this revolutionary idea, offering completely transparent, online and government-regulated national lotteries to players and interested investors, globally. Identifying a pressing need for disruption in a market which is incredibly popular, yet notably old-fashioned, GG World Lottery has come up with a solution that can bring the industry up-to-speed by implementing blockchain and other state-of-the-art technologies.

With a team of seasoned veterans and innovative approach, the GG World Lottery project stands out from the rest of the projects. Unlike other projects in the crypto-sector, the company has taken a reverse ICO approach to raise funds and build a strong community of interested investors, players, and even governments. The GGC token, to be issued as a part of the token sale also brings special benefits to the participants as token holders.

Why Is GG World ICO Interesting for the Investors?

The upcoming GG World Lottery ICO will undoubtedly become one of the best options to invest in 2018: an extraordinary professional team with a substantial industry background, unique offering with lucrative gains for investors and token holders, an ability to get the lifetime revenue share. By taking part in the GG World reverse ICO, investors will become eligible to receive a reverse share – USP of the platform’s special business model. The model includes the distribution of dividends based on jackpot prize wins. Overall, the platform intends to create a win-win situation for everyone including investors and lottery operators (government or private).

The GG World Lottery platform protects both players and users by employing blockchain nodes. It provides additional transparency by ensuring fairness of draws through the integration of TRNG technology based on Quantis True Random Number Generator. Also, it will utilize the advantages offered by DLT to share profits with eligible community members and respective jurisdictions as per their existing regulatory and legal frameworks. In addition, the platform also allocates a significant percentage of the profits, to be channeled to verified charitable organizations

The Rise of the Online Gambling Industry

For starters, GG World Lottery platform will take care of the issues that come with regulations while improving transparency levels by offering the lottery on Ethereum smart contracts. The platform will run on mobile devices, for added convenience and easy accessibility to the players, which will in turn appeal to more players and give them a chance to participate in world-class lottery programs.

With a model built around security, transparency, ease-of-use, and accessibility, GG World Lottery hopes to tap into unexplored markets such as the African, Asian, and South American continents. Thanks to GG World Lottery blockchain platform, the gambling industry is also set to receive a facelift as it will get rid of outdated lottery hardware such as communication routers, ticket dispensers, monitors, scanners, tickets, and terminals. In addition to removing retailers and other intermediaries from the equation, the platform will provide numerous advantages to the players by enabling them to play right at their homes while eliminating fraudsters from the lottery ecosystem.

What Makes the Project Special?

It’s a Reverse ICO – Not a Startup with Merely an Idea

GG World Lottery knows better than to step into a vastly competitive market of the kind empty-handed. The project is responsible for developing one of the most unique products in this category – comprehensive white-label lottery software which offers a ticket-purchase courier service for the most well-known lotteries throughout the world. This allows it to open multiple lottery ticket-selling websites on behalf of its partners.

Backed by Professionals

The project’s team consists of industry experts with decades of experience in the field of national lotteries. GG World Lottery’s CEO, Mark Hutchinson is a start-up expert with a background in some of the early lotteries in the US, including Wisconsin, Kansas, and Colorado. Furthermore, Mark is one of the founding members of Lotto America, which grew to become the biggest lottery in the world – the Powerball.

A Lot to Come in Future

The company isn’t just starting the GG World Lottery. Apart from this, they are creating numerous African, South American and Asian lotteries. It has signed agreements with official regulators in a range of specified countries to be an official channel partner or to run national lotteries. They will be entirely online, government-backed and regulated, and mobile friendly.

Enhanced Transparency

GG World Lottery has introduced its True Random number Generator (TRNG). The project has come up with a unique system which will deliver entirely true random numbers which is based on the natural randomness in the world.

About the ICO

The ICO is starting on November 2nd and will run till January 31st, 2019. GG World Lottery’s ICO participants, token holders will also receive a quarterly-paid revenue share based on each GG World Lottery Jackpot prize win. The company has already signed NDAs with multiple regulatory bodies throughout the world that would increase the value of the GGC token.

Article Produced By
GG World

https://www.newsbtc.com/2018/10/14/gg-world-announces-reverse-ico-prepares-to-offer-regulated-blockchain-lotteries/

David https://markethive.com/david-ogden

South Korean Government to Decide on Cryptocurrency ICO Legalization in November

A South Korean official has said

that the government is likely to announce its official stance on cryptocurrency ICOs in November. This statement was made during a National Assembly audit on Wednesday.

ICO Legalization: To be or Not to Be

According to The investor, Hong Nam-Ki, the chief of the Office for Government Policy Coordination, responding to a question raised on the government’s stance on

ICOs said:

We have had several discussions (on ICOs). Once the survey results are in by end-October, we plan to finalize the government’s stance.

In September the FSS commenced a study among some companies that are conducting or in the process of issuing an ICO in the country despite the ban. Various reports out of South Korea show a divide in government opinion in regards to Initial Coin Offerings. Also speaking at the National Assembly audit meeting, Choi Jong-Ku, chairman of the Financial Services Commission (FSC) reiterated the initial ban on ICOs. The chairman stressed the Commission’s stance to continue with the sweeping prohibition on cryptocurrency fundraising activities and

exchanges.

Although many people call for the government to allow initial coin offerings, there are still uncertainties related to such a move as well as the possibility of serious fallouts.

Meanwhile, Min Seong-woo, a member of the National Assembly is asking for the legalization of ICOs. The lawmaker while clamoring for ICO legalization also called for robust regulations to prevent speculation, money laundering, and fraud.

Current Cryptocurrency Regulatory Paradigm in South Korea

There is currently a ban on Initial Coin Offerings and anonymous crypto trading in South Korea. Despite the ban, the country is yet to release official regulations concerning cryptocurrency exchanges and trading. Throughout 2018, various reports have surfaced regarding drafted policies aimed at regulating the crypto space.

Earlier in the year, EWN reported on plans by the country’s legislative arm to ease crypto trading. In July, local media said that the FSC and FSS were working to create a favorable regulatory framework for the crypto exchange operators.

The Director of the KFIU (Korea Financial Intelligence Unit) has proposed stricter regulations for crypto exchanges, suggesting regulating exchanges similarly to commercial banks. In a country with zero tolerance for money laundering, legalizing ICOs which are currently viewed as a possible tool for money laundering and fraud, might take a while.

Article Produced By
Osato Avan-Nomayo

For quite by chance, I discovered Bitcoin in 2010 and I have been an ardent enthusiast ever since. I enjoy cryptography, mathematics, and theoretical physics. If I am not writing about cryptocurrency, I am attempting to beat my scrabble high score.

https://ethereumworldnews.com/south-korean-government-to-decide-on-cryptocurrency-ico-legalization-in-november/

David https://markethive.com/david-ogden

AirDrop: The Ultimate Guide

AirDrop lets you quickly and easily transfer files between iPhones, iPads, and Macs.

It uses Bluetooth LE to broadcast, discover, and negotiate connections, and point-to-point Wi-Fi to transfer data. That makes it fast, power-efficient, and secure! When you're using AirDrop between iPhones and iPads, you can AirDrop photos, videos, contacts, Passbook passes, Voice Memos, Map locations, and any and everything else that appears on a Share sheet.

How to turn on AirDrop for iPhone or iPad

AirDrop lets you choose between enabling it for just your contacts or for everyone. "Contacts" requires more work, as you and the person you want to AirDrop with both have to be logged into iCloud and be in each other's Contacts. "Everyone" is easier but means random people you don't know can send you prank AirDrops.

Tap Contacts Only or Everyone to turn AirDrop on.

Launch Control Center by swiping up from the bottom bezel of your iPhone or iPad.
Make sure both Bluetooth and Wi-Fi are active. If they're not, just tap on them. (You don't have to be on a Wi-Fi network, you just need Wi-Fi on to transfer).
Tap AirDrop.

How to AirDrop files from your iPhone or iPad

You can AirDrop files from any iPhone or iPad app that includes the built-in Share sheet, and you can share to anyone and any of their devices that show up in the Share sheet.

Tap the person or device you want to share to.

Find the file you'd like to send with AirDrop (I chose a photo).
Tap the Share button on the bottom right of your screen (looks like a box with an arrow coming out of the top).

Note: If you choose Contacts Only, make sure you're logged into iCloud. Apple won't share your contacts with another device to determine if there's a match; it'll check both your iCloud accounts instead. Then, if there is a match, it'll show you your own version of the contact on your own device. That way, no data gets leaked.

If you choose Everyone, even though you are highly visible to other devices, you will always be prompted when someone is trying to share files with you through AirDrop. If you don't recognize the sender, or do not want to receive the files, you can always choose not to accept them. Files sent through AirDrop will appear in the app that typically handles those sorts of files — i.e. photos will show up in Photos.

How to block AirDrop with restrictions for iPhone and iPad

If you want to not just turn off AirDrop but block it completely, for example on your child's iPhone or iPad, you can use restrictions — also known as parental controls. Tap on Enable Restrictions at the top if you don't already have them turned on. If you do, skip down to step 6.

Switch AirDrop to Off.

Launch the Settings app on your iPhone or iPad.
Tap on General.
Tap on Restrictions.
Enter a passcode that you'll use to enable and disable apps.

How to troubleshoot AirDrop on iPhone and iPhone

AirDrop feels miraculous when it's working, frustrating when it's not. If you're having trouble with AirDrop on your iPhone or iPad, here are some fixes:

How to turn on (or off) AirDrop for Mac

Launch the Finder on your Macs.
Click on AirDrop in the left navigation.
Select Off to disable AirDrop, Contacts Only to enable only your contacts to AirDrop you, or Everyone to let everyone AirDrop you.

How to AirDrop from your Mac using the drag and drop

If you want to grab some files and quickly throw them into AirDrop, the fastest way to do it is using drag and drop.

Launch Finder on your Mac.
Find the files you want to AirDrop.
Drag the files over AirDrop in the sidebar.
Hover there until the Finder changes to the AirDrop window.
Drop the files onto the picture of the contact you want to share them with.

How to AirDrop from your Mac using the context menu

If you prefer to control/right-click on your Mac, you can access AirDrop that way as well.

Launch Finder on your Mac.
Find the file you want to share.
Control/right click on the file and then choose Share from the menu.
Choose AirDrop from the sub-menu.
Click on the picture of the person you want to share with.

How to AirDrop from your Mac using the Share sheet

You can also AirDrop files using the Share sheet on macOS, including from the Finder and Safari.

Click on the Share button, typically at the top right.
Select AirDrop
Click on the picture of the person you want to share with

How to troubleshoot AirDrop on on Mac

If contacts don't show up in the AirDrop interface, try these solutions, in order:

Toggle Bluetooth and/or Wi-Fi off and back on to reset the connections.
Turn off Instant Hotspot to free up the Bluetooth and Wi-Fi connections.
Temporarily switch to Everyone to remove any chance of contact mismatch.

Article Produced By
Rene Ritchie
and
Cella Lao Rousseau

https://www.imore.com/airdrop

David https://markethive.com/david-ogden

Malta to Assist the Government of Vanuatu in Forming Blockchain and ICO Legislation

The state authorities of Malta will assist the government

of the Pacific island nation of Vanuatu in forming blockchain regulations, the Vanuatu Daily Post reported Monday, Oct. 8. Minister of Foreign Affairs of Vanuatu Ralph Regenvanu has reportedly requested assistance from the Maltese government in forming blockchain legislation upon instructions from the Council of Ministers.

Speaking at a meeting with Maltese Prime Minister Dr. Joseph Muscat, and Parliamentary Secretary Silvio Schembri, Regenvanu noted the crucial role of adopting appropriate regulatory frameworks for the blockchain industry and Initial Coin Offerings (ICOs). In mid-September, the Reserve Bank of Vanuatu (RBV) issued a public warning on crypto, stating that digital currencies are “not recognized as legal tender in Vanuatu and are not issued or regulated by the bank,” according to Daily Post.

The statement subsequently raised concerns among local authorities, with state regulators suspending the issuance of Financial Dealers Licenses (FDL) to crypto and blockchain-related businesses until proper regulation is adopted. According to the report, Maltese authorities “immediately” responded to Regenvanu’s request, and offered assistance to the Vanuatu Government in developing proper legislation for the blockchain sphere.

Regenvanu also suggested the formation of a “Commonwealth of Blockchain Islands” for establishing blockchain regulatory standards. According to the Vanuatu Daily Post, Muscat “warmly welcomed the Minister’s recommendation.” In addition to providing training to both Ni-Vanuatu students and state regulators, and general technical assistance in blockchain regulation, Maltese financial authorities are also eager to contribute to Vanuatu’s financial oversight. In early July, the Parliament of Malta passed three bills that set a defined regulatory framework and legal environment for the crypto and blockchain industries.

Due to the high level of blockchain industry development, as well as increased awareness and openness to the cryptocurrency industry, the country has become a popular spot for crypto-related businesses, including major crypto exchanges lilke Binance, OKex, and BitPay. Recently, Muscat claimed that crypto is the “inevitable future of money,” while blockchain can create a more transparent and fair society. In October 2017, the Vanuatu government announced that the country accepts Bitcoin (BTC) as payment for its citizenship program, requiring a one-time payment of $200,000, or around 30 bitcoins as of press time.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/malta-to-assist-the-government-of-vanuatu-in-forming-blockchain-and-ico-legislation

David https://markethive.com/david-ogden

Operation Airdrop delivers critical supplies within hours to areas flooded by Hurricane Florence

Within mere minutes, volunteers from the Texas-based organization

Operation Airdrop rushed to unload a semi-truck filled with bottled water. In under a half-hour, those same bottles were airborne from Raleigh-Durham International Airport bound toward a flooded Carteret County.

Founded a year ago in the aftermath of Hurricane Harvey, Operation Airdrop expanded into providing service for Hurricane Florence with the help of local Triangle grassroot coordinators, pilots and partnerships with dozens of local and national disaster-relief organizations. The organization moves supplies from municipal airports to boats in the flooded regions of North Carolina, many of which are where trucks or cars cannot access safely. Dan Benedix, a volunteer pilot, said the organization delivered 29,000 pounds of food and supplies across North Carolina on Tuesday and approximately 55,000 pounds Wednesday.

“In Lumberton they’re unloading the airplanes from the terminal onto boats, and those boats are going to peoples' houses that have been stranded without food or water for the last three or five days,” Benedix said.Although other disaster-relief organizations can take days between receiving and delivering supplies, Benedix said there’s only a few hours between Operation Airdrop's intake of product and it arriving to the destination in need.

According to Benedix, RDU’s Airport Authority gave all Operation Airdrop planes a $1 per gallon discount on gas and allowed hundreds of volunteer planes to use the TAC Air terminal. The volunteer pilots are paying their own gas — up to $600 for a round trip to the coast. “In fact, Cape Fear is offering (the pilots) fuel for free, and they’re refusing,” Benedix said. Jil Christensen, a Raleigh-based Operation Airdrop coordinator, said, as an avid sailor, her memories of earlier devastation on the N.C. coast drove her charitable work. “I wanted to make sure what happened in Hurricane Matthew did not happen during Hurricane Florence,” she said.

Christensen said her involvement in Operation Airdrop began when she joined online groups looking for her sailboat during Florence. Christensen said she was the only online group member unaffected by the hurricane and found herself in a unique position to help. “I was getting private messages, asking me to find their aunt in flooding waters, or someone was dying because they were running out of oxygen and asked me to call 911,” Christensen said. “I realized the scale of what was happening, and I realized the storm had only been going on for 14 hours.”

Christensen said the support from the community has been overwhelming, but the organization can handle even more supplies and volunteers in addition to what they are currently receiving. “We need more, and that is only because we can move 200 planes if we have enough stuff to put in 200 planes," she said. "And that means 200 planes get to destinations across the state.” The most critical supplies to donate can be found on this Amazon list, updated daily by Operation Airdrop as items go out-of-stock and as they field requests from communities and families in need.

Article Produced By
Ryan Smoot

http://www.dailytarheel.com/article/2018/09/operation-airdrop-0920

David https://markethive.com/david-ogden

âAirDropâ between iPhone & Windows PC: 2 Best Alternatives!

“AirDrop” between iPhone & Windows PC: 2 Best Alternatives!

Apple’s AirDrop, the excellent file-transfer feature,

unfortunately only works between Apple devices. There is no “AirDrop software” for other platforms to install, which means you won’t be able to use it if you’re a Window or Linux user. But just because AirDrop is not compatible with Windows doesn’t mean you cannot transfer files wirelessly from your iPhone, iPad to a Windows PC and vice versa. In fact, AirDrop is an implementation of Wi-Fi Direct, the technology that allows two devices to establish a wireless connection and share data. So there will be some alternatives that let you achieve the same thing on other platforms as well. In this article, I will show you several alternatives to AirDrop that do a great job transferring files between iPhone, iPad and Windows PC. Keep reading and enjoy!

AirDrop Alternatives for Windows

These applications have the ability to establish a connection between devices in the same Wi-Fi network, so you can transfer data wirelessly. If there is no Wi-Fi network nearby, that’s fine. You can turn on Personal Hotspot and connect your computer to it. These applications only utilize the connection, it won’t drain your mobile data.

1. Zapya

Zapya allows you to share all types of files between your devices wirelessly using Wi-Fi tethering or hotspot feature. The developer claims that the transmission speed can be up to 10MB per second, it is even much faster than AirDrop.

Zapya is completely free to install and use. On your PC, go to Zapya’s homepage and download and install the version for Windows PC. On your iPhone/iPad, launch App Store, look for the Zapya app and install it.

How to use Zapya

First off, connect your iPhone/iPad and your Windows PC to the same Wi-Fi network or with hotspot and then launch Zapya on both devices. Now on your PC, in the Connect tab, select “Join Group”. It will scan and list out the Zapya-enabled device. Click “Connect” to start connecting two devices. Or you can connect from your iPhone by using the Radar functionality.

Once both devices are connected, you can start sending files between them. You can send photos, videos in the Photos app, transfer music, contacts. Files that are imported from other applications will be shown in the File section. Just select the files you’d like to transfer and then tap the send button, the files will immediately be transmitted. On your PC, you can find the files in the Record tab. Click on the folder icon next to each file to open them in the folder window. Of course, you can transfer files from your computer to your iPhone iPad, too. Once you’ve joined both devices, just drag and drop files onto the Zapya window, or click the Send Files button and browse to the files you want to send.

2. Xender

Xender is another transfer software that using Wi-Fi utility. Unlike Zapya, you don’t have to install any program on your computer to get it working. Xender claims that their software is even easier to use than AirDrop. But I don’t think so :)) AirDrop is very well-integrated in the system and I’ve never used anything better than that. However, Xender still can get the job done for Windows users. Below are the steps involved in the process of transferring files between two devices: iPhone and your computer.

1) Download and install Xender on your iPhone. It’s free.

2) Make sure two devices are connected to the same Wi-Fi network, or your laptop must join the Personal Hotspot created by your iPhone.

2) On your computer, open a web browser, and go to http://web.xender.com. The web page will then show you a QR code.

3) Open Xender on your iPhone, swipe right, tap “Connect PC” on the side menu. Then tap the Scan button, scan the QR code appearing on the computer’s screen. Now both devices should be connected to each other, and the site will reload, giving you control over the files on iPhone.

4) Now you can upload files from your computer to the iPhone, or download files from the iPhone via the web browser. To copy photos & videos from your iPhone, you can click hover the mouse over the item and click the Download button under it. Or you can bulk transfer by selecting the items you want to transfer, then click the Download button in the top corner. And that’s how you can “AirDrop” between an iOS device and a Windows PC. Hopefully, this article can help you resolve your issue while dealing with transferring files. And what way do you prefer? Do let me know in the comments below.

Article Produced By

Dan Norris

https://iphonebyte.com/airdrop-iphone-mac-windows/

David https://markethive.com/david-ogden

Apple sued over AirDrop technology

Patent troll Uniloc returned to form on Wednesday after a months-long hiatus from lobbing allegations against Apple, this time challenging the company's AirDrop file sharing technology with a 2006 Philips patent.

Filed with the U.S. District Court for the Western District of Texas,

Uniloc's latest attempt to extract damages from the tech giant leverages a single patent first filed with the U.S. Patent and Trademark Office in 2000. Invented by Jonathan Griffiths, U.S. Patent No. 7,136,999 for a "Method and system for electronic device authentication" details techniques of creating a secure environment for transferring data between two devices. In particular, the IP covers methods of providing authentication over a variety of wireless protocols including Bluetooth.

According to the patent's first claim, an initial authentication procedure is performed over a short-range wireless link. Once authenticated, the two devices are then able to connect when out of range of the first wireless link protocol. As noted in following claims, the devices can exchange initial authentication information — a key or password — via an alternative communications link.

The USPTO issued a grant for the '999 patent in 2006.

The IP has changed hands multiple times since its filing in 2000, first from Griffiths to Philips Electronics that same year. It was assigned to patent aggregator IPG Electronics 503 Limited in 2009, then on to Pendragon Wireless in 2012 before landing in Uniloc's coffers in February 2018. Uniloc Luxembourg subsequently assigned the patent to Uniloc 2017 LLC in July. Uniloc's U.S. licensing entity, with the recently formed Uniloc 2017, is leveraging the patent-in-suit against Apple and AirDrop. Introduced alongside OS X 10.7 Lion in 2011, AirDrop is a first-party ad hoc protocol designed to simplify the process of transferring large files from one device to another.

Initially developed to connect two Macs over Wi-Fi, the service first appeared in the OS X Finder. Running AirDrop allowed two Macs to quickly create an ad hoc connection without need for passwords or complex network configuration. Simple drag-and-drop functionality made the system a more attractive alternative to direct link, cloud storage and similar file transfer solutions in use at the time. Apple later extended — and modified — AirDrop to accommodate its mobile operating system with iOS 7 in 2013. Unlike legacy AirDrop technology, the revamped version employs a dual-link structure that relied on Bluetooth for discovery and token setup, and Wi-Fi for file transfers. Again, users are presented with an easy-to-use interface in Share Sheets that features automatic device discovery and tap-to-send capabilities.

It is this second iteration of AirDrop that Uniloc is targeting in its latest lawsuit.

The non-practicing entity is alleging infringement of claims 13 and 17 of the '999 patent, which relate to establishing a secure link between two devices through exchange of authentication information over two separate communications links. Named in the suit are all devices compatible with Apple's current implementation of AirDrop, including all iPhones from iPhone 5 to iPhone XS Max, fourth- and fifth-generation iPads, all iPad mini generations, all iPad Air models, iPad Pro, MacBook, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Pro, the fifth-generation iPod and fourth- through sixth-generation iPod touch models.

Uniloc in its suit seeks unspecified damages, reimbursement of legal fees and other relief deemed fit by the court.

The AirDrop case is the latest in a string of Uniloc lawsuits targeting Apple technologies. In the middle of 2017, the non-practicing entity went on a spree, filing suit against the iPhone maker almost once a month. Last April, Uniloc sued over Maps, Apple ID and remote software updates, while a second batch of filings homed in on AirPlay, autodialing, battery technology in May. Device wake-up, step tracking and Apple Watch were added to the growing pile last June, AirPlay and Home in July, the Apple TV Remote app in August and Apple Watch's GPS in October. Uniloc is one of the most active patent trolls in the U.S., leveraging reassigned patents or vaguely worded original IP against a number of tech firms including Activision Blizzard, Aspyr, Electronic Arts, McAfee, Microsoft, Rackspace, Sega, Sony, Symantec and more.

Article Produced By
Mikey Campbell

https://appleinsider.com/articles/18/10/03/apple-sued-over-airdrop-technology

David https://markethive.com/david-ogden

Regulation for Legitimacy: South Korea Nears ICO Legalization

Min Byung-Doo, a member of the country’s governing Democratic party

and the chairman of Korea’s National Policy Committee, has strongly encouraged the government to legalize initial coin offering (ICO) and impose better crypto-related regulatory frameworks to legitimize the local market.“Regulation is not bad. Regulation is necessary, it is the only way to legitimize the market and allow investors to build trust towards the cryptocurrency market,” chairman Min said.

ICO Has Become a New Trend

In his statement at the National Assembly of South Korea meeting, chairman Min emphasized the importance of embracing new technologies and acknowledging new trends in the global finance and technology space. He explained that the successful $1.7 billion ICO of Telegram and $4 billion token sale of Block.One / EOS have demonstrated increasing interest and demand for ICO projects, which the country cannot dismiss.

“The government cannot dismiss ICO. It needs to allow companies to conduct ICO. ICO has become a new trend in the global market and it is the responsibility and ability of the government to embrace new technologies,” he said, adding “We can see that the flow of investment is clearly changing compared to ICO and angel fundraising. The ICO has raised $1.7 billion for Telegram and $4 billion for Block.One, It is getting bigger and bigger.”

Previously, Choi Jong-ku, the chairman of the Financial Services Commission (FSC), prevented Kakao, the biggest Internet conglomerate in South Korea that has over 80 percent market share over local fintech, messaging, ride hailing, social media, and online stock trading industries, from conducting an ICO in South Korea. As the conglomerate established a company in Switzerland to conduct an ICO overseas, FSC chairman Choi stated that the country could consider the ICO to be an illicit fund raising method.

“Even if there is no prohibition on cryptocurrency or digital asset trading, there is a possibility that it [Kakao ICO] may be regarded as fraud or multi-level sales according to the issuance method. Since the risk is very high in terms of investor protection, the government has a negative stance on the ICO,” chairman Ku said. Ultimately, Kakao and Bithumb, the second biggest cryptocurrency exchange in South Korea, scrapped their plans to conduct token sales.

Based on the success of Telegram and EOS, the ICO of Kakao could have garnered similar interest from the global cryptocurrency sector. Considering the potential of the ICO market and local blockchain initiatives, chairman Min asserted that the government should regulate and legalize ICOs in the short-term. “Let the government, the National Assembly and the blockchain association quickly create a working group to block fraud, speculation, money laundering and develop the block-chain industry,” he said.

Legislation Pending, Generally Positive

Currently, the National Assembly is awaiting to approve or reject the first crypto and blockchain-related legislation of South Korea, which if approved would consider digital asset exchanges as regulated banks and blockchain projects as legitimate entities. The initial introduction of the legislation led the majority of investors within the local market to be optimistic about the long-term growth of the market. With the forward-thinking approach of chairman Min, South Korea is expected to see major changes in local regulatory frameworks surrounding the cryptocurrency market.

Article Produced By
Blockchain News

https://www.ccn.com/regulation-for-legitimacy-south-korea-nears-ico-legalization/

David https://markethive.com/david-ogden

South Korea’s Democratic Party Lawmaker Urges Authorities to âOpen Up the Road’ to ICOs

South Korea’s Democratic Party Lawmaker Urges Authorities to ‘Open Up the Road’ to ICOs

A member of South Korea’s National Assembly has called

on the state to “open up the road” to Initial Coin Offerings (ICO) by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National Assembly. He claimed that the purpose of the new legislation is to allow ICOs while enforcing strict regulation for the negative parts of the industry,

noting:

"We are looking at ways to open up the road to ICO[s] while strictly prohibiting negative factors such as fraud, speculation and money laundering.”

Min Byung-doo has reportedly also suggested to local authorities such as the Financial Services Commission (FSC) that the government should legalize ICO operations in the country, claiming that “prohibition is not the only way.” According to Economy, after consulting with the government and the FSC, the authorities’ stance has “changed prospectively compared with the past.” Calling on the government to ease regulations for the industry, Min Byung-doo noted that the ban on ICO causes "weakening competitiveness" in South Korea’s blockchain industry, comparing it with the levels in the progress by the U.S.,

adding:

"[South Korea's] blockchain-related industries were at the top of the world in terms of competitiveness, but the competitiveness in ICOs has dropped sharply. Now, 75% of projects in the industry belong to the United States only, which is the world's top competitor."

The lawmaker warned that an uncertain future of regulation for the industry will “prevent the growth of the industry itself.” South Korea’s financial regulator, the FSC, announced they will ban all types of ICOs in September 2017, claiming that ICO token sales require strict monitoring and oversight. The original ban has since been followed by subsequent hints of a possible reverse of the ban.

In May of this year, South Korea’s government considered re-legalizing ICOs, with a National Assembly committee speaking of the “Fourth Industrial Revolution” and aiming to expand the legal basis for crypto industry in the country, including a reversal of the ICO ban. South Korea’s lawmakers most recently discussed the ICO ban at the end of August, debating the ban’s reversal as well as considering setting up the country’s own “blockchain island.” According to the report, discussions of a reversal were expected to gain momentum amid the preparation of investor protection rules, as well as the formation of a task force to oversee crypto trading.

Article Produced By
Helen Partz

https://cointelegraph.com/news/bloomberg-puerto-ricos-noble-bank-reportedly-loses-clients-tether-bitfinex-seeks-buyer

David https://markethive.com/david-ogden

EOS Airdrop â What Is It And When Will It Come?

EOS Airdrop — What Is It And When Will It Come?

Despite the fact that 2018 has been almost constantly bearish,

numerous cryptocurrencies have still managed to make some very important moves. EOS is certainly one of them, and this year will be marked forever in EOS history as the year when the crypto has launched its own MainNet.

While this was a most eagerly anticipated event, it was successfully pulled back in June. Ever since then, EOS has been working hard to make its network bigger, better, and more reliable. The same goes for its community, which has already benefitted greatly from numerous EOS airdrop events in the last few months. However, the excitement is not yet over, and EOS airdrop list still holds quite a few of events that should not be missed by coin’s supporters and holders.

What is EOS airdrop?

For those who might not know, an airdrop is an event during which a crypto project distributes its coins to its users. The events have grown to be very popular, since coins are distributed for free, and they can be obtained without paying or trading other cryptos. This is considered to be among the best marketing strategies for every crypto. The faithful users can see it as a reward for their support, while it is not unheard of for these events to attract new users which are effectively expanding the coin’s community. With an increase in awareness, EOS airdrop events can also help with driving the widespread adoption of the coin.

Airdrops are often performed by various projects that are in development on the specific coin’s network. These can include new dApps, platforms, and even decentralized exchanges. By releasing coins to coin holders, these projects are successfully spreading awareness, and are getting more supporters and users.

What EOS airdrops can be expected soon?

As mentioned, EOS airdrop events have become increasingly popular, especially in the recent months. July, August, and September have already had numerous such events, which have dropped quite large amounts of EOS tokens. This will, of course, continue in the coming months, and the EOS community is eagerly awaiting their arrival. At the time of writing, there are a few airdrops that have already been scheduled, with a lot more of them that have yet to specify the date and time of the events.

These include airdrops made by a wallet MORE, Chinese block producer candidate EOSpace, a gambling portal EOSBet, a fundraising dApp GiveyNation, and more. One event that has been scheduled months in advance is CADEOS airdrop. CADEOS is a decentralized CAD file, as well as a platform dedicated to project management. It aims to allow users to manage their projects with more efficiency and ease, as well as to share and edit CAD files on the platform directly. CADEOS airdrop is scheduled to be held on December 12 of this year.

While the number of scheduled airdrops is currently only limited to CADEOS airdrop, this should not discourage EOS holders. As mentioned previously, there are numerous others that have yet to provide an official date of the airdrop. Still, they will come sooner or later, and EOS enthusiasts should stay tuned, and keep an eye out for official announcements of these events.

Article Produced By

Ali Raza

A freelance journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali's work has been published on a number of cryptocurrency publications.

https://globalcoinreport.com/eos-airdrop-what-is-it-and-when-will-it-come/

Check out the new Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

David https://markethive.com/david-ogden