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Crypto

Goldman Sachs To Launch “USD Coin”, Its Own ERC-20 Stablecoin Cryptocurrency Linked To The USD

Circle, a FinTech startup owned by Goldman Sachs, reported the future release of a Stablecoin crypto coin based on ERC-20 and tied to the US dollar value. The cryptocurrency owned by Goldman Sachs was referred to as the “USD coin” (USDC).

The crypto coin is sustained by the advancement of the CENTRE’s open source platform. USD Coin will operate as a “tokenized fiat money”, Circle declaring that the coin is of great significance to permit widespread adoption of the payments via blockchain technology. The new crypto coin also assists in the maturation of blockchain technologies that feature smart contracts.

USD Coin empowers customers to make use of USDC fiat tokens for cryptocurrency transactions and payments, as well as supplying a full stock of Stablecoin sustained by USD. USD Coin is designed on the open source platform Stablecoin for fiat money developed by CENTRE.

USD Coin is dedicated to providing alternatives to Stablecoin’s pre-existing offerings. Circle alleges that they have not been transparent, work in non-regulated jurisdictions with unspecified banking and auditing associates, and have been constructed as private proprietary-owned technologies. The USDC addresses this concerns by offering “detailed financial and operational transparency”.

Circle also stated that they will work within the legal regime of the US money transmission statutes, as would be the case for a corporation belonging to the fifth most important bank in the US, Goldman Sachs.

Goldman Sachs USD Coin is an ERC-20 Stablecoin tied with the USD

The USD Coin is constructed on the Ethereum ERC-20 Token standard and, therefore, it might be suitable for use on any cryptocurrency exchange that bears the ERC-20 standard. Also, it would be possible to use it with every single ERC-20-compatible digital cryptocurrency wallet.

There is a lot of interest from crypto ecosystem players, consumer companies, and banks to become USDC issuers and other tokens in different currency markets around the world.

Circle team

The supporters and sponsors of USDC are numerous, with the leading corporation in this regard being Bitmain, the renowned mining company and mining gear producer, which already plans a strategic $110 million investment in the new Goldman Sachs and Circle’s USD Coin (USDC) ERC-20 Stablecoin cryptocurrency.

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News Tech

Subway Surfers – Secret Tricks and Tips That Change Everything

If you are looking for a fun and challenging mobile game that’s going to keep you entertained during boring moments, then you might want to give Subway Surfers a ty. On the downside of things, the game can be truly challenging at times and some levels are considered impossible to pass, but this is what makes it fun.

We want to make sure that everyone can enjoy their time while playing Subway Surfers and today we are going to present a bunch of secret tips, tricks and cheats which will help everyone pass their best friend’s high score!

Jetpack Trick

One cool trick that every Subway Surfer player needs to know about is how to jump really high with a jetpack. Players can simply put a jetpack on and fly around the map until the gadget runs out of fuel and then quickly swipe up right after catching the last coin. This will make the jetpack jump higher than it usually does and players will most likely land on top of a train.

Invisible Hoverboard

This next trick is a secret and not many Subway Surfer fans know about it. However, this is your lucky day because we are going to unveil the secret to turning a hoverboard invisible. The first thing that players need to do is to start a game and die really fast, but make sure to click the Mega Headstart and turn it on in the exact moment that the character dies. This will cause the character to fly backwards and the hoverboard will become invisible when the character lands.

Essential Tips

The best tip that we can give Subway Surfers players is to try and run on top of trains every time they can. Running on top of trains will help players avoid all the obstacles that they normally have to jump over. Lastly, players need to make sure to continue upgrading their Super Sneaker and Multiplier power-ups as the game goes on. If you want to get free coins and keys you can use this subway surfers mod apk.

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News Tech

Google Earth Latest Update Download Available – Changes How You Explore the World

There are thousands of apps that people can use to have fun, but all of them pale in comparison with Google Earth. Truth be told, Google Earth is not about entertainment but about exploring the world! This app has an interesting story since it was initially developed specially for the CIA, but Google decided that it was better to release it to the wide public and this was a great decision because the app allows everyone to basically fly all around the world just like a superhero would.

Exploring the World

If you always dreamed of visiting new locations around the world but never had the time or money to do it, you can always download the app and fly through all the popular landmarks such as Tokyo, Rome or even New York for example.

All landmarks are represented in 3D and this goes hand in hand with the Street View mode which allows people to travel around places that they never visited before. Nonetheless, the Android parent is looking to take Google Earth to the next level by adding a new feature called Photos Layer.

Google Earth 9.2.15.3

The latest update for Google Earth changes the app’s version number to 9.2.15.3 and it introduces a new and exciting feature. The feature is called Photos Layer and its going to enhance the way people can explore the world through Google Earth.

Photos Layer

The new feature is going to be available for everyone in the menu panel and it gives people the ability to upload pictures of their local landmarks and sightseeing spots. Considering that Google Earth is now going to feature user-contributed photos, people will be able to explore new locations just like the locals would do.

Nonetheless, the update is available in form of APK right now but its going to be rolled out OTA (over the air) in the nearby future. With that said, Google Earth fans should be on the lookout for any new notifications because the update should arrive anytime now.

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Crypto Markets News

The US Securities And Exchange Commission (SEC) Launched A Fake ICO To Warn Investors Regarding Scams

The world of initial issues of cryptographic currencies remains the US. There are many efforts by the authorities to safeguard the interests of investors in this type of micro-patronage for blockchain-based companies and the latest has been to ‘trick’ investors into showing them how easy it is to be swindled into such an initiative. Accordingly, the US Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy has set up a fake ICO website to show that fraud is on the agenda in this sector after months of warnings about the risks of investing in these products.

The website, HoweyCoins.com, complies with all the characteristics, promises and the language of the ICOs considered false. When users click the ‘Buy Coins Now’ button, they are automatically redirected to the official SEC website, where investors will find tips and tools to avoid scams.

“We have created this fake website as an educational tool to alert investors to possible fraud involving digital assets such as cryptocurrency and initial coin offers (ICO),” said the SEC spokesman.

According to SEC, about 50% of all ICOs are fake ICO and disappear with all the funds

Some of the suspicious elements pointed out by the SEC are the advance of more than 1% of daily returns or forecasts of a minimum growth rate of between 7% and 15% annualized in profitability.

SEC also warns about ICOs that are backed by celebrities or that meet the SEC’s marketing requirements.

The fake ICO launched by SEC underlines the fact that about 50% of ICOs fail or disappear with the money. These are the shocking numbers of all the initiatives to raise funds through the issuance of digital tokens that were launched in 2017.

Only 54% were moving forward by mid-February 2018.

In the US, the Securities and Exchange Commission (SEC) has taken action against a number of cryptocurrency issues, slowing them down and, more recently, has announced that it will require all cryptocurrency exchange platforms to register and comply with the same rules that are applicable to the stock exchanges.

 

Categories
Crypto News

New Cryptocurrency Regulation Has Been Adopted By EU And Targets More The Cryptocurrency Prepaid Cards

The General Affairs Council of the European Union (EU) announced the adoption of the new cryptocurrency regulation amended by the European Parliament to eliminate cryptocurrencies anonymity in the services of cryptocurrency exchange platforms, crypto wallets, and cryptocurrency prepaid cards.

In the quest to “address the risks associated with prepaid cards and cryptocurrencies”, since May 14th, the European Union has, without debate, undertaken to use the provisions set out in the new Law for the Prevention of Money Laundering and Financing of Terrorism. This resolution provides for an extension of access to “beneficial ownership” information by regulators, in order to eliminate as far as possible anonymity in transactions linked to companies in the Bitcoin (BTC) ecosystem.

On the other hand, cryptocurrency prepaid cards must be linked to verified identifications and restricted to a maximum of 250 Euros. An obligation to which they add the possibility for users themselves to be allowed to “self-declare” their identity on a voluntary basis.

The new cryptocurrency regulation adopted by EU aims more at cryptocurrency prepaid cards

In addition, the 2015 amendment to the legislation provides for an improvement in “transparency between companies and trusts”, which seeks first to facilitate the monitoring of the financial authorities of each country, as well as to require cooperation between research units so that they can operate more efficiently.

The just mentioned points are not only directed towards the illicit use of cryptocurrency, but also towards finances in general that are used to finance illegal activities.

European Union states will need to adapt their financial regulatory policies to this new legal framework regarding cryptocurrency regulation over the next 18 months for legal persons and other entities, and over the next 20 months for trusts.

It is important to note that the legislation, according to French MP Judith Sargentini, is mainly focused on the control of cryptocurrency prepaid cards, as they were used to rent and buy vehicles that served to prepare the terrorist attacks that happened in France in 2016.

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