Israel financial regulator wants to ban Bitcoin from Stock Exchange

Israel’s financial regulator has announced proposals seeking to effectively ban companies dealing in Bitcoin from listing on the Tel Aviv Stock Exchange.

Shmuel Hauser of the Israel Securities Authority made the announcement at a conference early this week, suggesting the proposals would be formally brought forward to the regulator’s board next week.

While the provisions are still subject to approval, involving a public hearing and subsequent amendment of stock exchange regulations, they indicate a clear direction for the regulator in tightening the laws around companies engaging in cryptocurrency business.

There are at least two companies listed on the Tel Aviv Stock Exchange that would be directly affected by these provisions, namely Fantasy Network and Blockchain Mining, with the potential for others to be caught by the proposals.

Addressing the need to find fresh regulation for these companies, Hauser was unequivocal in his stance.

“If we have a company that their main business is digital currencies we would not allow it. If already listed, its trading will be suspended,” he said.

Blockchain Mining changed its name and business focus as recently as last Sunday. Formerly known as Natural Resources, the firm has now pledged to shift its focus from mining for iron and gold to mining for specific cryptocurrencies, in a move that seen its share price soar some 5000%. However, on the news from the regulator, its shares were down 4.2%.

Fantasy Network, formerly specializing in gaming, announced its own further exploration into the blockchain space, causing its own share price to grow by 400%. Similarly, it lost 50% of its value over the last few weeks, with the regulator’s plans no doubt weighing adversely on the price.

Still, Hauser remains undeterred, and confident that the ISA approach is the right one, in terms of protecting investors and offering certainty to companies.

“We feel that the prices of Bitcoin behave like bubbles and we don’t want investors to be subject to that volatility and uncertainty…There is an importance to signal to the market where things are…Investors should know where we stand,” Hauser said.

The proposals are regarded as the last significant move from Hauser, as he prepares to stand down from the ISA next month.

It remains to be seen whether the new regulations will gain the necessary approval to be written into Israeli law.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Israel financial regulator wants to ban Bitcoin from Stock Exchange

Israel’s financial regulator has announced proposals seeking to effectively ban companies dealing in Bitcoin from listing on the Tel Aviv Stock Exchange.

Shmuel Hauser of the Israel Securities Authority made the announcement at a conference early this week, suggesting the proposals would be formally brought forward to the regulator’s board next week.

While the provisions are still subject to approval, involving a public hearing and subsequent amendment of stock exchange regulations, they indicate a clear direction for the regulator in tightening the laws around companies engaging in cryptocurrency business.

There are at least two companies listed on the Tel Aviv Stock Exchange that would be directly affected by these provisions, namely Fantasy Network and Blockchain Mining, with the potential for others to be caught by the proposals.

Addressing the need to find fresh regulation for these companies, Hauser was unequivocal in his stance.

“If we have a company that their main business is digital currencies we would not allow it. If already listed, its trading will be suspended,” he said.

Blockchain Mining changed its name and business focus as recently as last Sunday. Formerly known as Natural Resources, the firm has now pledged to shift its focus from mining for iron and gold to mining for specific cryptocurrencies, in a move that seen its share price soar some 5000%. However, on the news from the regulator, its shares were down 4.2%.

Fantasy Network, formerly specializing in gaming, announced its own further exploration into the blockchain space, causing its own share price to grow by 400%. Similarly, it lost 50% of its value over the last few weeks, with the regulator’s plans no doubt weighing adversely on the price.

Still, Hauser remains undeterred, and confident that the ISA approach is the right one, in terms of protecting investors and offering certainty to companies.

“We feel that the prices of Bitcoin behave like bubbles and we don’t want investors to be subject to that volatility and uncertainty…There is an importance to signal to the market where things are…Investors should know where we stand,” Hauser said.

The proposals are regarded as the last significant move from Hauser, as he prepares to stand down from the ISA next month.

It remains to be seen whether the new regulations will gain the necessary approval to be written into Israeli law.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Top jobs the blockchain industry needs, and where you can get free lessons

Now that everybody is a “trader,” can we have more skilled professionals next?

For those who want to take blockchain technology seriously—outside of cryptocurrency trading—here are the highly sought out professionals the industry needs, and the skills needed to become one. The list also includes links to free tools and tutorials but feel free to explore for more. Some courses even come from well-known universities, like Harvard or MIT.

As the industry progresses, possibilities open up more and more opportunities. The World Wide Web is also full of free resources, ranging from text to Youtube videos, podcasts to interactive tutorials.

Developers

Developers are one of the most in demand professionals inside and outside the blockchain industry today. Even in start-up hackathons—if you frequent Slack or Rocket chat channels, you will find that when users are forming teams, developers are the quickest to run out.

This isn’t surprising since they are the builders of applications and therefore enjoy some of the highest pay scales worldwide. But it takes a lot of work to become a developer—learning the programming languages isn’t enough. Developers need to continuously update their skills since they are not only racing with the business competition—they are also racing against hackers.

The blockchain industry is tightly woven in with the cryptocurrency industry. And because the cryptocurrency boom has raked in a lot of money (oh, so much money), it has inevitably attracted an entire league of new age criminals as well. Needless to say, security is one of the most critical aspects of development.

While it’s easy to make your own token and launch an ICO for instant profits, serious and respectable developers do not jump into that wagon just like that. There’s a reason why computer science is a science.

Common blockchain developer tools: C++, Solidity, JavaScript, Python

Free courses:  Here is a list, and another, and another.

UI/UX Designers

Blockchain technology is a very complex field—even outside of the politics and drama, the logical flow of processes can easily get lost when developers are pressured to solve problems and provide a service whilst watching their backs and keeping one eye open for bugs that could potentially enable hacks at the expense of investors, which can ultimately cause the entire project to implode.

Fortunately, user interface and user experience (UI/UX) designers are a separate set of professionals who are largely focused on how intuitive, logical, and easy the experience will be for end users.

While some UI/UX designers are also well-versed in code, you don’t have to make that jump into coding—as mentioned, that’s what we have developers for. And although you will find job ads that “require” all sorts of development languages, the truth is, those companies are simply looking to save big bucks, eg. “pay one person to do two jobs.”

UI/UX is one of those aspects of an app whose success can be measured on whether or not anybody noticed: if it’s well-done, nobody will notice; if it’s poorly done, everybody will. UI/UX design is also critical in the early stages of a start-up as it is a primary and powerful presentation tool especially when presenting to investors for funding. And most importantly, UI/UX can actually determine the success or failure of a project—such as why people choose Chrome over Internet Explorer, or Gmail over Hotmail. You get the idea.

To be a UI/UX designer, one needs the ability to analyze and predict human behaviour—how users interact with platforms and objects, as well as their succeeding tendencies. Usually, people coming from a background in interactive design do well in this job, with psychology as a plus.

Common tools include: Design and prototyping software (Freeware: InkScape, InVision), wireframing software (here is a list of free software).

Free tutorials: Here is a list.

Communicators

In the same way that it’s hard for scientists to communicate their work for the general audience (since they are focusing on their research), developers and builders often neglect the communication aspect of a project since they have a ton of work to focus on.

And even if they did have the time for it, often this job is best left to those who have a certain level of mastery in the public relations field. Why? In the cryptocurrency sphere, one wrong word could take an entire project tumbling down in trading value. Although this doesn’t necessarily mean the project is failing, such PR disasters can be avoided by tapping on expert communicators instead.

In addition, expert communicators could actually mean the difference between a project full-speeding ahead, or potentially getting left behind by someone who might not even be better at implementation, just better at communications.

People with a background in writing or are simply eloquent and well-versed do well in this field, especially those who already have a background in public relations. An ability to understand and relay complex technical concepts without alienating the audience is a rare skill that can be applied to this job.

Common tools: Most of communications nowadays happen on social media platforms. Youtube and other video upload websites are also useful.

Free courses: There are lots of free courses online called massive open online courses (MOOC), such as this roster from Class Central. Coursera also offers free courses for those who are in need of financial assistance. You just need to apply for it.

Lawyers

This is a tricky one. Legislation is still catching up on blockchain technology and the laws vary from one territory to another. But lawyers who have familiarized themselves with the ecosystem and pursue this field of expertise have an advantage, as the blockchain and cryptocurrency boom is giving rise to several start-ups worldwide. And all of these start-ups are going to need legal counsel.

It would be easier for start-up founders if they don’t have to explain what a blockchain is, how it works, etc. every time they need to consult a lawyer.

Tools: no free tools or courses on this. Obviously, you will need to attend university, pass the bar, and get licensed first. If it helps, scholarships are starting to open up specifically for blockchain law, such as this one. Hopefully, more will follow.

Social Impact Hackers, innovators, and start-up founders

One of the main advocacies and one of the main reasons Bitcoin and the blockchain was made from the very beginning was financial inclusion. Later on, it was realized that the technology has massive implications for enabling access and serving the underserved.

It is up to members of the community to discover these possibilities and put them into action. These are the people who push and get things done. Think Elon Musk. A solid research on issues and solutions is part of the ideation phase.

Common tools: Usually just a pen and paper for notes and plans (or your phone or computer), a browser and internet connection for research.

Free courses: Udacity offers courses on building start-ups, there are also lists here and here.

Educators

Although there are lots of free resources online, the industry still needs in-person educators, especially those targeting businesses and users for rapid mass adoption of the technology. As mentioned earlier, social impact is one of the key benefits of blockchain technology. Unfortunately, the target beneficiaries of social impact projects may not be tech savvy—they might not even have access to a computer and a stable internet connection. But they can be benefited with minimal resource requirement, if they only knew what these platforms are for and how to use them.

Common tools: The product or project you are promoting, an audience, and well… your good, kind self.

Free courses: You don’t need a degree in education to be an educator. What you need is solid communication skills and an in-depth understanding of what you’re talking about and who you are talking to—how it benefits them, how to make it easier for them to make the transition, etc.

Business Developers

While some may be good at creating and building things, they may not necessarily be good at the money aspect of things. Whether we like it or not, money and cash flow is an important part of a project—whether it’s for profit or for advocacy. Bootstrapping a project and conceiving a strategy that ensures it survives before it can even thrive is not a skill everybody has. Believe it or not, what may be basic logic to a business developer may be entirely lost to project builders who are busy dreaming up in the clouds—not that it’s a bad thing. But it’s best to leave the business and money side of things to those who know it well

Common tools: Yourself, your communication and negotiation skills, strategies and innovative wit.

Free courses: Coursera offers free courses if you qualify and apply for financial aid, Class Central also has free courses, and here is a list of more.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Top jobs the blockchain industry needs, and where you can get free lessons

Now that everybody is a “trader,” can we have more skilled professionals next?

For those who want to take blockchain technology seriously—outside of cryptocurrency trading—here are the highly sought out professionals the industry needs, and the skills needed to become one. The list also includes links to free tools and tutorials but feel free to explore for more. Some courses even come from well-known universities, like Harvard or MIT.

As the industry progresses, possibilities open up more and more opportunities. The World Wide Web is also full of free resources, ranging from text to Youtube videos, podcasts to interactive tutorials.

Developers

Developers are one of the most in demand professionals inside and outside the blockchain industry today. Even in start-up hackathons—if you frequent Slack or Rocket chat channels, you will find that when users are forming teams, developers are the quickest to run out.

This isn’t surprising since they are the builders of applications and therefore enjoy some of the highest pay scales worldwide. But it takes a lot of work to become a developer—learning the programming languages isn’t enough. Developers need to continuously update their skills since they are not only racing with the business competition—they are also racing against hackers.

The blockchain industry is tightly woven in with the cryptocurrency industry. And because the cryptocurrency boom has raked in a lot of money (oh, so much money), it has inevitably attracted an entire league of new age criminals as well. Needless to say, security is one of the most critical aspects of development.

While it’s easy to make your own token and launch an ICO for instant profits, serious and respectable developers do not jump into that wagon just like that. There’s a reason why computer science is a science.

Common blockchain developer tools: C++, Solidity, JavaScript, Python

Free courses:  Here is a list, and another, and another.

UI/UX Designers

Blockchain technology is a very complex field—even outside of the politics and drama, the logical flow of processes can easily get lost when developers are pressured to solve problems and provide a service whilst watching their backs and keeping one eye open for bugs that could potentially enable hacks at the expense of investors, which can ultimately cause the entire project to implode.

Fortunately, user interface and user experience (UI/UX) designers are a separate set of professionals who are largely focused on how intuitive, logical, and easy the experience will be for end users.

While some UI/UX designers are also well-versed in code, you don’t have to make that jump into coding—as mentioned, that’s what we have developers for. And although you will find job ads that “require” all sorts of development languages, the truth is, those companies are simply looking to save big bucks, eg. “pay one person to do two jobs.”

UI/UX is one of those aspects of an app whose success can be measured on whether or not anybody noticed: if it’s well-done, nobody will notice; if it’s poorly done, everybody will. UI/UX design is also critical in the early stages of a start-up as it is a primary and powerful presentation tool especially when presenting to investors for funding. And most importantly, UI/UX can actually determine the success or failure of a project—such as why people choose Chrome over Internet Explorer, or Gmail over Hotmail. You get the idea.

To be a UI/UX designer, one needs the ability to analyze and predict human behaviour—how users interact with platforms and objects, as well as their succeeding tendencies. Usually, people coming from a background in interactive design do well in this job, with psychology as a plus.

Common tools include: Design and prototyping software (Freeware: InkScape, InVision), wireframing software (here is a list of free software).

Free tutorials: Here is a list.

Communicators

In the same way that it’s hard for scientists to communicate their work for the general audience (since they are focusing on their research), developers and builders often neglect the communication aspect of a project since they have a ton of work to focus on.

And even if they did have the time for it, often this job is best left to those who have a certain level of mastery in the public relations field. Why? In the cryptocurrency sphere, one wrong word could take an entire project tumbling down in trading value. Although this doesn’t necessarily mean the project is failing, such PR disasters can be avoided by tapping on expert communicators instead.

In addition, expert communicators could actually mean the difference between a project full-speeding ahead, or potentially getting left behind by someone who might not even be better at implementation, just better at communications.

People with a background in writing or are simply eloquent and well-versed do well in this field, especially those who already have a background in public relations. An ability to understand and relay complex technical concepts without alienating the audience is a rare skill that can be applied to this job.

Common tools: Most of communications nowadays happen on social media platforms. Youtube and other video upload websites are also useful.

Free courses: There are lots of free courses online called massive open online courses (MOOC), such as this roster from Class Central. Coursera also offers free courses for those who are in need of financial assistance. You just need to apply for it.

Lawyers

This is a tricky one. Legislation is still catching up on blockchain technology and the laws vary from one territory to another. But lawyers who have familiarized themselves with the ecosystem and pursue this field of expertise have an advantage, as the blockchain and cryptocurrency boom is giving rise to several start-ups worldwide. And all of these start-ups are going to need legal counsel.

It would be easier for start-up founders if they don’t have to explain what a blockchain is, how it works, etc. every time they need to consult a lawyer.

Tools: no free tools or courses on this. Obviously, you will need to attend university, pass the bar, and get licensed first. If it helps, scholarships are starting to open up specifically for blockchain law, such as this one. Hopefully, more will follow.

Social Impact Hackers, innovators, and start-up founders

One of the main advocacies and one of the main reasons Bitcoin and the blockchain was made from the very beginning was financial inclusion. Later on, it was realized that the technology has massive implications for enabling access and serving the underserved.

It is up to members of the community to discover these possibilities and put them into action. These are the people who push and get things done. Think Elon Musk. A solid research on issues and solutions is part of the ideation phase.

Common tools: Usually just a pen and paper for notes and plans (or your phone or computer), a browser and internet connection for research.

Free courses: Udacity offers courses on building start-ups, there are also lists here and here.

Educators

Although there are lots of free resources online, the industry still needs in-person educators, especially those targeting businesses and users for rapid mass adoption of the technology. As mentioned earlier, social impact is one of the key benefits of blockchain technology. Unfortunately, the target beneficiaries of social impact projects may not be tech savvy—they might not even have access to a computer and a stable internet connection. But they can be benefited with minimal resource requirement, if they only knew what these platforms are for and how to use them.

Common tools: The product or project you are promoting, an audience, and well… your good, kind self.

Free courses: You don’t need a degree in education to be an educator. What you need is solid communication skills and an in-depth understanding of what you’re talking about and who you are talking to—how it benefits them, how to make it easier for them to make the transition, etc.

Business Developers

While some may be good at creating and building things, they may not necessarily be good at the money aspect of things. Whether we like it or not, money and cash flow is an important part of a project—whether it’s for profit or for advocacy. Bootstrapping a project and conceiving a strategy that ensures it survives before it can even thrive is not a skill everybody has. Believe it or not, what may be basic logic to a business developer may be entirely lost to project builders who are busy dreaming up in the clouds—not that it’s a bad thing. But it’s best to leave the business and money side of things to those who know it well

Common tools: Yourself, your communication and negotiation skills, strategies and innovative wit.

Free courses: Coursera offers free courses if you qualify and apply for financial aid, Class Central also has free courses, and here is a list of more.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

The future is secure: How blockchain-based technologies help create jobs

We live in interesting times. Each year, technology in general only becomes faster and cheaper. It’s always going forward.

One may say that the digital age has reached a point of maturity: There’s AI, mobile computing, virtual reality, immersive social media, and many other wonders of tech applied to daily life that we wouldn’t have thought possible in the last decade.

Perhaps one of the most surprising turns of this year is how cryptocurrencies have become all the rage. Ever since the first Bitcoin was created back in 2009, cryptocurrencies and blockchain-based apps have grown and multiplied in number.

Now on its new and improved iteration called Bitcoin Cash (BCH), Bitcoin and other cryptocurrencies have come a long way—and its underlying technology has created a booming industry that has helped uplift lives the world over. What began as an enthusiast and hobbyist-oriented innovation has now captured the attention of the world.

More sectors have begun noticing Bitcoin, and the recent bullish price trend set the pace for a healthy and competitive investments industry. This surge in interest and capital flow has led to the creation of various jobs that needed knowledge in blockchain systems and programming, particularly for smart contracts.

In a study by job search website Indeed.com, the number of job postings for or associated with blockchain and cryptocurrencies has risen by 621% since November 2015. A Bitcoin Magazine report pointed that that this could be due to the cryptocurrency space’s “unparalleled investment and growth,” with a particular demand seen in the startup scene.

The crypto hiring boom has two primary causes: the expansions of cryptocurrencies like Bitcoin Cash to a mainstream audience, and the popularity of ICO (Initial Coin Offerings). AngelList, a startup job portal, shared its insight on how the demand for crypto talent has changed the job market. Below are two figures about investments in cryptocurrency startups provided by the job portal:

Fiat USD Invested into Cryptocurrency Startups in $M
Fiat USD Invested into Cryptocurrency Startups in $M

 

Number of Cryptocurrency Related Job Postings on AngelList
Number of Cryptocurrency Related Job Postings on AngelList

Higher valuations in the startup space have opened jobs not just limited to programming, but also for design, writing, and creative media that would churn content for the crypto revolution’s new audience. A host of jobs based on cryptocurrencies and blockchain can be found in sites like Reddit at r/Jobs4bitcoin as well as job search sites like CryptoJobs.

At indeed.com alone, there has been a 1,065% rise in cryptocurrency-related job searches from its user base. With a bright future ahead and mass adoptions and integrations on the move, Bitcoin and blockchain is bound to touch many lives and create a significant betterment to workers’ conditions. With universities and online learning sites offering courses on the technology, the coming years may see greater impact in the education sector and other industries that tap into its resources.

The future is shifting, and right now we’re standing on exciting ground. If you’d like to secure your future, join the revolution today.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

The future is secure: How blockchain-based technologies help create jobs

We live in interesting times. Each year, technology in general only becomes faster and cheaper. It’s always going forward.

One may say that the digital age has reached a point of maturity: There’s AI, mobile computing, virtual reality, immersive social media, and many other wonders of tech applied to daily life that we wouldn’t have thought possible in the last decade.

Perhaps one of the most surprising turns of this year is how cryptocurrencies have become all the rage. Ever since the first Bitcoin was created back in 2009, cryptocurrencies and blockchain-based apps have grown and multiplied in number.

Now on its new and improved iteration called Bitcoin Cash (BCH), Bitcoin and other cryptocurrencies have come a long way—and its underlying technology has created a booming industry that has helped uplift lives the world over. What began as an enthusiast and hobbyist-oriented innovation has now captured the attention of the world.

More sectors have begun noticing Bitcoin, and the recent bullish price trend set the pace for a healthy and competitive investments industry. This surge in interest and capital flow has led to the creation of various jobs that needed knowledge in blockchain systems and programming, particularly for smart contracts.

In a study by job search website Indeed.com, the number of job postings for or associated with blockchain and cryptocurrencies has risen by 621% since November 2015. A Bitcoin Magazine report pointed that that this could be due to the cryptocurrency space’s “unparalleled investment and growth,” with a particular demand seen in the startup scene.

The crypto hiring boom has two primary causes: the expansions of cryptocurrencies like Bitcoin Cash to a mainstream audience, and the popularity of ICO (Initial Coin Offerings). AngelList, a startup job portal, shared its insight on how the demand for crypto talent has changed the job market. Below are two figures about investments in cryptocurrency startups provided by the job portal:

Fiat USD Invested into Cryptocurrency Startups in $M
Fiat USD Invested into Cryptocurrency Startups in $M

 

Number of Cryptocurrency Related Job Postings on AngelList
Number of Cryptocurrency Related Job Postings on AngelList

Higher valuations in the startup space have opened jobs not just limited to programming, but also for design, writing, and creative media that would churn content for the crypto revolution’s new audience. A host of jobs based on cryptocurrencies and blockchain can be found in sites like Reddit at r/Jobs4bitcoin as well as job search sites like CryptoJobs.

At indeed.com alone, there has been a 1,065% rise in cryptocurrency-related job searches from its user base. With a bright future ahead and mass adoptions and integrations on the move, Bitcoin and blockchain is bound to touch many lives and create a significant betterment to workers’ conditions. With universities and online learning sites offering courses on the technology, the coming years may see greater impact in the education sector and other industries that tap into its resources.

The future is shifting, and right now we’re standing on exciting ground. If you’d like to secure your future, join the revolution today.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

SegWit Bitcoin could be worthless, says Morgan Stanley

The last few weeks have seen spectacular ups for SegWit1x (BTC), capped with a notable down, as prices finally corrected with the launch of BTC futures. But according to one analyst at Morgan Stanley, the true value of the world’s biggest cryptocurrency could be much closer to zero.

In a research note published last week, called ‘Bitcoin Decrypted’, analyst James Faucette said that despite the strong price performance in 2017, BTC could actually be worth zero, with no inherent value beyond speculation.

The research note takes a more notably pessimistic view on the digital currency than most, highlighting the lack of an interest rate, and the lack of any intrinsic value as an asset as being the underlying reasons for the negative assessment.

However, Faucette suggested that BTC still held some value as a payment network, despite the acceptance and transaction numbers stalling or even falling by some measures. In the note, he concludes this points to BTC being essentially worthless.

The news will cause concern to those investors still holding BTC, and could suggest a further decline in price in the weeks ahead. At the time of writing, BTC was trading at $15,840, down 1.3% over the last week, following highs of nearly $20,000.

The paper gave no price target for BTC, and suggested that while Bitcoin could be considered an asset like digital gold, it cannot be recognized as a currency in its current form.

Faucette pointed out the fractional trade volume levels as compared to other markets, and the general lack of acceptance of BTC as a payment method. Transaction fees and processing times were highlighted as further stumbling blocks, surmising that “…if nobody accepts the technology for payment then the value would be 0.”

The research note, which is published for the benefit of Morgan Stanley investment clients, takes a markedly more downbeat tone than most, but is only the latest criticism of the asset class from Morgan Stanley analysts.

Previous research notes have identified price corrections, and urged caution for investors considering buying BTC.

After a tumultuous two weeks’ trading, it remains to be seen whether the Morgan Stanley research note offers an accurate forecast.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

SegWit Bitcoin could be worthless, says Morgan Stanley

The last few weeks have seen spectacular ups for SegWit1x (BTC), capped with a notable down, as prices finally corrected with the launch of BTC futures. But according to one analyst at Morgan Stanley, the true value of the world’s biggest cryptocurrency could be much closer to zero.

In a research note published last week, called ‘Bitcoin Decrypted’, analyst James Faucette said that despite the strong price performance in 2017, BTC could actually be worth zero, with no inherent value beyond speculation.

The research note takes a more notably pessimistic view on the digital currency than most, highlighting the lack of an interest rate, and the lack of any intrinsic value as an asset as being the underlying reasons for the negative assessment.

However, Faucette suggested that BTC still held some value as a payment network, despite the acceptance and transaction numbers stalling or even falling by some measures. In the note, he concludes this points to BTC being essentially worthless.

The news will cause concern to those investors still holding BTC, and could suggest a further decline in price in the weeks ahead. At the time of writing, BTC was trading at $15,840, down 1.3% over the last week, following highs of nearly $20,000.

The paper gave no price target for BTC, and suggested that while Bitcoin could be considered an asset like digital gold, it cannot be recognized as a currency in its current form.

Faucette pointed out the fractional trade volume levels as compared to other markets, and the general lack of acceptance of BTC as a payment method. Transaction fees and processing times were highlighted as further stumbling blocks, surmising that “…if nobody accepts the technology for payment then the value would be 0.”

The research note, which is published for the benefit of Morgan Stanley investment clients, takes a markedly more downbeat tone than most, but is only the latest criticism of the asset class from Morgan Stanley analysts.

Previous research notes have identified price corrections, and urged caution for investors considering buying BTC.

After a tumultuous two weeks’ trading, it remains to be seen whether the Morgan Stanley research note offers an accurate forecast.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Criminal fallout: even the black market is having problems with BTC fees

Stolen credit card black marketplace Carder’s Paradise favours Litecoin now.

As many are aware, there exists a marketplace for illegal services and merchandise, such as stolen credit cards in the dark web, which is only accessible through the deep web—a somewhat forbidden underground world, a criminal’s paradise if you will, within the internet that search engines do not index for obvious reasons.

For most of Bitcoin’s existence, it has been associated with this dark world and is in fact one of the main arguments critics use to denounce cryptocurrencies, although, as we all know, any medium of value—even fiat can be used for illicit activities regardless.

However, as BTC transactions have become severely slow and expensive, it seems even the black market in the deep dark web is beginning to fallout with its almost decade-long payment method of choice. On the upside, BTC may just finally shake off its longstanding and infamous association with the black market and the dark web—the downside? They’re onto Litecoin now.

According to investigative reporter Brian Krebs, through his website krebsonsecurity, several major online black marketplaces are starting to boycott BTC in favour of less expensive transactions and lower minimum deposits. One such website is stolen credit card marketplace, Carder’s Paradise, which runs large botnets or pools of hacked computers that steal passwords and credentials and sells them.

Amid rising BTC transaction fees, Carder’s Paradise has issued a statement outlining the difficulties their business has been suffering in an effort to retain support of BTC as a payment method.

“We have to take additionally a ‘Deposit fee’ from all users who deposit in Bitcoins. This is the amount we spent on transferring your funds to our suppliers. To compensate your costs, we are going to reduce our prices, including credit cards for all users and offer you the better bitcoin exchange rate,” Carder’s Paradise wrote.

“The amount of the Deposit Fee depends on the load on the Bitcoin network. However, it stays the same regardless of the amount deposited. Deposits of 10$ and 1000$ attract the same deposit fee.”

And because of this, the dark web marketplace urges its patrons to opt for Litecoin instead.

“If the Bitcoin price continues increasing, this business is not going to be profitable for us anymore because all our revenue is going to be spent on the Bitcoin fees. We are no longer in possession of additional funds to improve the store.”

“We urge you to start using Litecoin as much as possible. Litecoin is a very fast and cheap way of depositing funds into the store. We are not going to charge any additional fees if you deposit Litecoins.”

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Criminal fallout: even the black market is having problems with BTC fees

Stolen credit card black marketplace Carder’s Paradise favours Litecoin now.

As many are aware, there exists a marketplace for illegal services and merchandise, such as stolen credit cards in the dark web, which is only accessible through the deep web—a somewhat forbidden underground world, a criminal’s paradise if you will, within the internet that search engines do not index for obvious reasons.

For most of Bitcoin’s existence, it has been associated with this dark world and is in fact one of the main arguments critics use to denounce cryptocurrencies, although, as we all know, any medium of value—even fiat can be used for illicit activities regardless.

However, as BTC transactions have become severely slow and expensive, it seems even the black market in the deep dark web is beginning to fallout with its almost decade-long payment method of choice. On the upside, BTC may just finally shake off its longstanding and infamous association with the black market and the dark web—the downside? They’re onto Litecoin now.

According to investigative reporter Brian Krebs, through his website krebsonsecurity, several major online black marketplaces are starting to boycott BTC in favour of less expensive transactions and lower minimum deposits. One such website is stolen credit card marketplace, Carder’s Paradise, which runs large botnets or pools of hacked computers that steal passwords and credentials and sells them.

Amid rising BTC transaction fees, Carder’s Paradise has issued a statement outlining the difficulties their business has been suffering in an effort to retain support of BTC as a payment method.

“We have to take additionally a ‘Deposit fee’ from all users who deposit in Bitcoins. This is the amount we spent on transferring your funds to our suppliers. To compensate your costs, we are going to reduce our prices, including credit cards for all users and offer you the better bitcoin exchange rate,” Carder’s Paradise wrote.

“The amount of the Deposit Fee depends on the load on the Bitcoin network. However, it stays the same regardless of the amount deposited. Deposits of 10$ and 1000$ attract the same deposit fee.”

And because of this, the dark web marketplace urges its patrons to opt for Litecoin instead.

“If the Bitcoin price continues increasing, this business is not going to be profitable for us anymore because all our revenue is going to be spent on the Bitcoin fees. We are no longer in possession of additional funds to improve the store.”

“We urge you to start using Litecoin as much as possible. Litecoin is a very fast and cheap way of depositing funds into the store. We are not going to charge any additional fees if you deposit Litecoins.”

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.