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Crypto News

Swiss Bankers Association (SBA) Issued New Guidelines For Crypto and Blockchain Technology Companies and Banks

According to Reuters, the Swiss Bankers Association (SBA) issued a guide recently for banks that want to do business with crypto-related companies to solve out issues regarding the access for firms related to cryptocurrencies into the Swiss banking sector. The guidelines were built with the support of the Crypto Valley Association (CVA), to maintain Switzerland as a center for businesses based on crypto and blockchain technology.

According to the press release, just a few of the 250 Swiss banks have agreed to receive funds raised through Initial Coin Offerings (ICOs), while Switzerland’s fourth-largest bank, Zuercher Kantonalbank (ZKB), closed the accounts of more than 20 crypto startups so far this year.

CVA Director Oliver Bussmann said that about 530 startups related to crypto and blockchain technology had been established in the Swiss Crypto Valley, in Zurich and Zug. These companies need access to banking services to make their operations viable. However, the banks claim that, by signing contracts with these companies, they could violate their anti-money laundering (AML) rules as well as other regulations. Bank sources argue that some of the startups that carried out ICO did not adopt the necessary controls to their investors.

The Swiss Bankers Association (SBA) new guidelines make a difference between ICO-financed blockchain technology companies and those crypto-related firms finance with fiat money

“We believe that, with these guidelines, we will be able to establish a basis for discussion between banks and innovative startups, simplifying dialogue and facilitating the opening of accounts,” said Adrian Schatzmann, the Strategic Advisor at the Swiss Bankers Association (SBA).

Both the SBA and the CVA are confident that the new rules will create clarity for banks about the assessments they must make, and for crypto and blockchain technology companies about the information they must provide when opening a bank account. In this sense, the guide distinguishes between companies based on distributed ledger technology (DLT) that raise capital through ICOs and those that do not use this mode to raise funds.

The new guidelines also make a distinction between companies that are financed with cryptocurrencies, usually Bitcoin (BTC) or Ethereum (ETH) and those that are funded through fiat money. According to the text, blockchain technology-based companies that do not receive financing through ICOs should be treated under the same parameters as any other commercial company.

Startups that use ICOs, on the other hand, should adhere to particular criteria depending on whether the financing is through fiat currency or if it is through cryptocurrencies.

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Crypto News

Blockchain Technology Implemented For Payments Processing by Dubai’s Department of Finance

Smart Dubai, the developer of Dubai’s Blockchain Strategy technology program, announced the upgrade of the DubaiPay mobile payment application. The new version of the app includes a real-time payment settlement system backed by a blockchain system developed by Smart Dubai.

The new payment system aims to streamline transactions and enable real-time payment processing through a network whose operations can be backed up by a blockchain. This update constitutes the inclusion of the Dubai’s Department of Finance (DoF) in a supposed decentralized system of cryptocurrency that Smart Dubai has been developing for over a year. However, the technical characteristics, such as privacy, algorithm, and developers involved, are still unknown.

Smart Dubai states that the new upgrade of DubaiPay will provide “visibility of the funds; immediate disputes and resolution of claims” in the operations of the Dubai’s Department of Finance (DoF). These features will serve to reduce the 45-day period it takes to settle payment in DoF, where currently workers must manually and physically verify the payments collected, make deductions, and reconcile the documents.

Dubai takes significant steps towards becoming a smart country based on blockchain technology

The project, developed by Smart Dubai and the Department of Finance (DoF), requires the collaboration of several government entities to operate. At present, the Knowledge and Human Development Authority (KHDA) and the Dubai Electricity and Water Authority (DEWA) have already been included, as the agencies participating in the test. And it is expected that the Dubai Health Authority (DHA), the Department of Tourism and Trade Marketing (DTCM) and other customs and municipal agencies to start working with decentralized technology, too.

“Guided by its leadership’s vision for the future, Dubai has been a pioneer in adopting cutting-edge technologies – especially those of the Fourth Industrial Revolution – and adapting them to meet the needs of our citizens, residents, and visitors, in a bid to transform Dubai into the happiest and smartest country in the world. Blockchain technology is one of the most promising technologies, attracting more investments each year. The new strategy seeks to increase government efficiency by transferring 100% of government transactions to the blockchain network,” said Aisha Bint Butti Bin Bishr, General Manager at Smart Dubai.

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Games News

Grand Theft Auto 5 Cheat Codes For PlayStation 4

Well, if you’re not involved in any mission yet and want to have some fun in GTA 5, here is a list of the most important Grand Theft Auto 5 cheat codes for PlayStation 4.

Keep in mind, however, that these codes are not automatically saved in GTA 5 for PlayStation 4 so you’ll have to re-enter them to reactivate the cheats. Also, you cannot use cheat codes while on a mission, and, on the other hand, if you already launched cheat codes, these will be immediately disabled as soon as you start a mission in Grand Theft Auto 5.

Additionally, all your PS4 trophies will be deleted from your current save game so be sure to quick save your progress before using cheats.

While there are many more GTA 5 cheat codes for PlayStation 4, and maybe more new, yet unknown ones will emerge, eventually, below you can find the most commonly used cheat codes in Grand Theft Auto 5.

Grand Theft Auto 5 Cheat Codes For PlayStation 4

Invincibility

Quickly press Right, X, Right, Left, Right, R1, Right, Left, X, Triangle to become invincible for five minutes. Once the so-called “god mode” ends, you’ll have to repeat the sequence to reactivate it. Optionally, you can call 1-999-724-6545537 (PAIN KILLER) with your in-game cell phone.

Full health and armor

Quickly press Circle, L1, Triangle, R2, X, Square, Circle, Right, Square, L1(3) to get full health and armor. You can also activate this GTA 5 cheat code for PlayStation 4 by calling 1-999-887-853 (TURTLE).

Give weapons and extra ammo

There is a time when you might want to have some fun using guns you don’t have yet. That’s when one of the most loved Grand Theft Auto 5 cheat codes for PlayStation 4 comes in. To get all the weapons and extra ammo, quickly tap Triangle, R2, Left, L1, X, Right, Triangle, Down, Square, L1(3) or call 1-999-8665-87 (TOOL UP).

Lower wanted level

When the police is chasing you but you want to lower your wanted level quickly press R1(2), Circle, R2, Right, Left, Right, Left, Right, Left or call 1-999-529-93787 (LAWYERUP) on your in-game cell phone.

Raise wanted level

If you’re bored and want some extra fun in Grand Theft Auto 5, press R1(2), Circle, R2, Left, Right, Left, Right, Left, Right or call 1-999-384-48483 (FUGITIVE) to raise your wanted level and get more police officers and vehicles on your trails.

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News Tech

UC Mini Browser vs. UC Browser – The Difference and Which One to Consider

If you have an Android device and you are looking for the best browsers, stop your research because UC Browser is the best you can get. It offers a kilometer long list of advantages, but the key one would be that all unusual conditions will be beaten by this browsers. Like, who likes when they have connectivity issues or slow network? Not the people using UC Browser. This one right here gives you the best browsing speed a browser could offer so you can stop looking for another one. Now we will be comparing the UC Browser to the mini version of it so you will have more basic information that will help you take the right call regarding your browser.

As the name said and we also mentioned before, the difference between the UC Browser and its little sibling is the size. The mini version of the UC Browser is small in comparison to the dominant browser. Maybe any person reading this would figure that one out because Mini means small. However, this mini version does not mean that it will not work. It does perform quite well and without issues. Besides that, it also loads very fast.

After being faced with this much new information, you might ask yourself something. If the small browser does enough, why should I install the primary browser then? We answered to that question before, and we said that the UC Mini Browser is called like that because it does not come with all the facility and features the UC Browser offers. On the other hand, this mini version of the UC Browser was developed to suit devices with low features and specifications.

What should you consider before choosing from the UC Browser and UC Mini Browser?

Before even thinking of choosing a browser, you should take into consideration how strong your device is and know its capacity accurately. If big files and apps can be handled by your phone and it is healthy enough to do so, you can get the UC Browsers without second thoughts. If your phone is loaded with minimum specifications and storage and is not up to the industry standards, we recommend you stick to the UC Mini Browser as its size is best for your phone.

Matchless performance

When we are talking about performance, we can say that both these browsers are doing good for what they should do. They both work at very good speeds and offer a nice browsing experience. The only thing you should take into consideration is what your device can do and support.

Really smart!

Both UC Mini Browser and its big version are equipped with the latest features and technology. Data compression technology is used by both versions which would give you the opportunity to save lots of data while surfing the internet.

How to pick?

We should take into consideration the fact that bigger apps take up more of your storage and RAM space. This means that you need at least 2GB of RAM and the processor is clocked at or above the 1.5GHz minimum if you want to get the big version of UC Browser. In case it happens that you do not have these specifications on your phone, the UC Mini Browser is the safest choice you can stick to so it will perform well, and your phone will not suffer from being too full of just one app. We hope that our explications will help you decide what is best for you.

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News Tech

Adobe Flash Player 31.0.0.108: Everything You Need to Know

Not long ago, Adobe has released the 31st version of its Flash Player program. The team behind it also released Integrated Runtime. You know how the browser plug-in allows you to play Flash content? Now it includes the rich Internet applications and streaming video and audio.

Flash Player comes with Microsoft Edge and Google Chrome, and for the other browsers you’ll need to install it separately. However, more people choose html5 and now more and more browsers ask for an extra click for the flash content to play. It’s not usually a problem for users, though.

General information about the program

The version number of the program is 31.0.0.108 and it works on Windows Vista, Windows 7, Windows 8, Windows 10, macOS and Android. Its license type is Freeware.

What are the new features of the program?

This new update comes with 2 new features: screen mode configuration for AIR desktop and beta-entitlements tag in the entitlement blob for app store build – for iOS.

What’s new to come soon for the program?

The program will come with Android AIR runtime play store availability, and AIR tvOS support moved to labs. Also, app transport security and Mac NPAPI sandbox – for the Mozilla Firefox browser. It will also give its users Flash Player “Click to play” Microsoft Office support.

What are the issues that were fixed with the update of the program?

They worked at the Assorted security and the functional fixes. Also, ETC2 non alpha ATF are not rendered in ADL. They also fixed the incorrect path on macOS using File.browseForSave, if the target file already exists. Also, swiping iPhone bottom and opening system tray are not on, instead of the small arrow.

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