You can buy luxury headphones with crypto!

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We have found yet another marketplace, where you can spend your crypto! 

Headphones.com is a family business, run by two brothers, which accepts cryptocurrency payments!

Their primary goal is to deliver the customer the best sound experience for the best price in the market.

Accepting crypto for headphones

Cryptocurrency payment options within the website.

Judging by the twitter profile of Andrew Lissimore, the CEO of Headphones.com, the two co-working brothers have been early Bitcoin investors. Andrew is continuously endorsing cryptocurrencies and blockchain technology in his twitter profile. They started accepting Bitcoin in early November 2017, and now they have grown to multiple cryptocurrency payment options. They accept Bitcoin (BTC), Ethereum (ETH), EOS, 0x (ZRX), Litecoin (LTC) and more cryptocurrencies. 

The business model

Their business insists on five significant principles. They guarantee that their product will always be 2% cheaper than any other product on the market. However, there are a few occasions when they can’t beat the price. Then they will let the customer know, that their competitor has a better rate. Next, they provide fast and free shipping. Headphones.com will delist any product that gets terrible reviews from the customers, that way they only sell a product that their customers love.

Possibly the best thing which sets this company aside from similar ones is the fact that the time to send the product back and ask for a refund is a full year!

Moreover, they are constantly improving their online store to meet its customers best expectations.

It’s common to see self-made businesspeople accepting cryptocurrency payments within their companies. They are young, and they share almost the same ideology than crypto – getting rid of the middleman. Also, this state-of-mind kind of brings cryptocurrency and everything related to it together with these kinds of people, that are willing to do good for the society.

Keep them crypto-friendly businesses coming!

Source:

https://www.headphones.com
https://goo.gl/xvtHT2
https://twitter.com/andrewlissimore

Photo by Bansi Jadhav from Pexels.

Opening a bank account in Belarus for a legal person

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Belarus is known as one of the friendliest crypto countries in the world. Residents of Belarus can freely operate with cryptocurrencies. They can buy, sell and exchange currencies with no additional fees or monitoring. 

During March 2018, The President of Belarus, Alexander Lukashenko, issued a document called “Order Nr.8, The development of the digital economy”. The document went live on March 28. It anticipated the development of “Hi-Tech Park” which will be the base for Belarus digital economy.

Since then, many Tech and Crypto enthusiasts anticipated that this is a turning point for Belarus to become a cryptocurrency and blockchain capital of Europe. They thought that this order would attract many new cryptocurrency companies, hundreds of blockchain developers and investments worth millions of dollars.

The harsh reality after the order nr.8

However, in reality, during the first four months, only two mining companies got official licenses with one of them being a cloud mining company.

Our friends at Kripto.Media got in touch with Valery Yevdoshenko while visiting Belarus. Valeriy is the director of a mining company called Cryptocode. He expressed concern as their company’s applications hadn’t yet been confirmed after three months of reviewing. He said that “..practically all legal mining in Belarus has stopped for legal persons,” quoting Kripto.Media.

In general, Belarus opened the cryptocurrency world to its residents, but not companies that are willing to work within their country. It looked like plans to make Belarus a similar state to Malta had failed because of the lack of legislation. A regular resident could use and operate with cryptocurrencies with ease, but if he decided to open up an exchange or a blockchain company, he faced problems with the inadequate legislation.

Bank account

It looks like Belarus has worked on the legislation on cryptocurrency and blockchain companies, and with the help of Kripto.Media, we can share insights on how to open up a bank account for a company in Belarus. In this specific example, Kripto.Media visited BSB Bank of Belarus in Minsk.

First, to become a legal person in Belarus, you have to show the following documents:

1. The copy of the company’s statutes in which the legal person is doing business.

2. The copy of the company’s registration papers.

3. For individuals who are operating in the name of the company also have to hand in:

3.1. Proof of approval that he is authorized to represent the company when engaging to a bank (the company’s protocols or decisions about taking a position, the contract of employment).

3.2. Passport copy and a declaration of residence place certificate.

3.3. A copy of the power of attorney document, which points out that the individual can perform activities with the company’s bank account (open up, make payments and also close it).

4. The company’s stamp

The process

A legal person has to submit answers to various questions and has to form an application for opening a bank account on location in Belarus. Also, the samples of signatures have to be submitted for review, but if the company has multiple individuals with signature rights, then notarized samples need to be provided. The text needs to be translated and approved by Apostille.

Also, various questionnaires need to be filled out. It is advised to answer honestly to all the questions since nowadays information can be easily verified.

At first, these documents need to be submitted electronically. You can visit the bank in person after three working days when the answer will be sent.

There is one, generally odd peculiarity. New foreign customers, for the first two to three months, will have to operate their bank account transactions within the physical bank, in Minsk, Belarus. That looks awful a lot like the 90’ties. Only after the period as mentioned above the bank will grant access to the i-bank. However, there is a positive aspect of this as well – the Belarusian banks generally approve their services to foreign companies which are related to cryptocurrencies. Also, an important fact is that individuals who travel by air and stays only for 30 days, don’t need a visa for traveling to Belarus.

We very much thank our partners – Kripto.Media, for testing foreign grounds on cryptocurrency operations. This information helps us to spread the knowledge to other crypto-related companies or individuals who now are struggling with legislation of their business. 

Source:

https://goo.gl/jeK352
https://goo.gl/E3fkri
https://goo.gl/BoVHhL

Additional materials (in Russian):

BSB Bank website: https://www.bsb.by/en/

Photo by rawpixel.com from Pexels

Russia to educate lawyers on cryptocurrency

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One of the oldest universities in Russia, the Plekhanov University, is now offering a one-month blockchain and cryptocurrency course called “Legal basis and practice of working with cryptocurrency and blockchain projects”. The course will focus on the legislative aspects of crypto and blockchain. 

The Russian government, an IT services provider – IT Technologia, and a law firm Efficient Business Resources organizes this project.

What will the course cover?

“Politika Segodnya” – a local newspaper quoted Alexander Zhuravlev, the managing partner of Efficient Business Resources, saying that the course will consist of lectures about Cryptocurrencies in general, ICOs, Exchanges, smart contracts, mining, KYC, AML and the implementation of DLT (Distributed Ledger Technology).

Who will address these lectures?

It is said that Russian experts in the fields of business, law, and cryptocurrencies are going to run this course. For example, one of the lecturers is going to be Gerbert Shopnik, the CEO of Bitfury in Russia. Another interesting lecturer is going to be Alexander Mikhailov, the director of Russia’s own blockchain powered organic food cooperative and restaurant chain, which has its own token. These two guys alone have all the necessary information one would need about cryptocurrencies.

Blockchain universities are expanding.

It is evident that so far, such a new technology like blockchain and cryptocurrencies, you couldn’t learn it any schools of universities, you had to do it by yourself. Now, when the technology and ecosystem as a whole is spreading, universities feel the pressure to go along with this phenomenon. Until now – people learned about cryptocurrencies in seminars and summits, or youtube and the internet, but now it is being offered in universities.

Russia is not something unique in the way of offering studies about crypto in general. There has been a study that shows that half of the worlds top 50 universities already teach about blockchain. However, taking this study globally – almost 70% of all universities in the world, has at least one blockchain course.

Russia says they will educate lawyers exclusively, but many universities in the world already have been teaching their students, who might turn lawyers some day. Which approach is best?

Source:

https://goo.gl/duhnJd

Photo by: Pexels.com

Certificate instead of crypto? Venezuela starts selling Petro!

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On Monday, October 26th, Venezuela announced that the government’s issued cryptocurrency – Petro, is open for the public for purchase. The government has opened an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. It can be purchased directly from there (Superintendency of Cryptoassets) and from Related Activities (Sunacrip), which is in charge of the country’s regulations regarding crypto. Citizens can purchase Petro with many currencies, including cryptos like BTC, ETH, and XEM. 

Petro Pago and Petro Ahorro

Initially, the public sale was issued on November 5. However, the president Nicolas Maduro moved the event forward due to “the fluidity with which events developed and the support of President Nicolás Maduro,” says El Universal. Moreover, on November 5, two more Petro options will be unveiled – Petro Pago (pay) and Petro Ahorro (savings). Venezuela’s vice president of the economy, Tureck El Aissami said: “We are in the purchasing stage. Next week will be the savings stage.”

Certificates, seriously?

Chinese delegate showing off his Petro certificate.

That all sounds like good news, the Venezuelans can finally store their money in a safe place, but there is one but. People buying Petro receive certificates instead of crypto. The documents include the buyers’ name, signature, and fingerprints. There is no info on the fact that people would receive actual cryptocurrency. There are even photos with Venezuela’s Minister of Agriculture buying Petro and later posing a picture holding up the certificate, which would mean that it doesn’t consist of a private key. 

Is Venezuela scamming its residents?

You can buy Petro with real money like the Euro, USD, and Yuan and in return, you get… a piece of paper.

That somehow reminds me of that monkey story about how the stock market works, which is very similar to this situation:

“Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10, and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. That renewed the efforts of the villagers, and they started catching monkeys again. Soon the supply diminished even further, and people started going back to their farms. The offer increased to $25 each, and the supply of monkeys became so little that it was an effort even to see a monkey, let alone catch it! The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers; “Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35, and when the man returns from the city, you can sell them to him for $50 each.” The villagers rounded up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!”

Is Petro even real?

Some say that Petro doesn’t exist, due to the facts that you don’t get a private key, their block explorer is barely moving, consisting with only 316 blocks(while the block time is one minute), and that you can’t get any information on the transaction details. Also, Google has suspended the Petro wallet app from the Google Play app store. El Assami explained that this is because Google is checking the wallet crypto functionality. However, that doesn’t change the fact that you cannot download the desktop version for Windows and Linux as well.

All this leads up to the fact that Petro could not be real. Could this all just a show for the wider public?

Source:

https://goo.gl/hgMZRc
https://goo.gl/oPUJsE

Photos by Canva.com and the Venezuelan government.

India makes cryptocurrency illegal.

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The president of the Indian National Association of Software and Services Companies (NASSCOM) Debjani Ghosh finally cleared the uncertainty which was revolving around cryptocurrencies. She came out publicly announcing that all cryptocurrencies are illegal within the borders of India. In reality, this isn’t a big surprise, as the government had recently banned crypto-related businesses, by the pressure of the Reserve Bank of India (RBI).

A lot of ICO owners since then have already fled the country to Malta or Singapore because of the harsh laws. That, of course, has resulted in many petitions to the Supreme Court by many dissatisfied traders. That is why the government might have to reconsider their position on cryptocurrencies.

The main arguments

Their main argument is that if Bitcoin and other cryptocurrencies will be allowed for trading, then that would encourage illegal transactions, money-laundering, and other illicit actions. Also, they’re worried about Data protection, but the president of the NASSCOM believes that cryptocurrencies need a more flexible regulatory framework to create space for carrying out necessary experimentation. “Such experimentation will create space for a bit of experimentation because, even the government at this stage, will not be knowing how technology will play out and know what is right and what is wrong,” said Debjani Ghosh.

Let’s hope that India changes their mind, because to this day, India is the second largest cryptocurrency mining country in the world. 

Source:

https://goo.gl/MfqKJR

Photo by Canva.com

Tether falling!

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Today, October 15th, the crypto markets are seeing mostly green accents, but one asset, in particular, stands out. It is Tether (USDT) which, up until now, was the most popular stablecoin in the crypto ecosystem. But lately the market has seen quite a few regulated stablecoins appearing, the most popular being TrueUSD (TUSD) and Gemini Dollar (GUSD), and that is rumored to be the cause of Tether plummeting.

Tether is now trading at $0.95, thus it has lost its peg to the US Dollar.

Tether has seen some controversy in the past since it has received claims of a possible scam from several critics.

I believe this is self-evident and was bound to happen since the regulated stablecoins are surging into the crypto markets. And obviously, if there is a regulated alternative for Tether, I can’t see why investors and traders hadn’t switched away from it earlier. Possibly it might have something to do with the market situation today because most of the top 100 coins are seeing green gains, and traders and investors could be starting to alternate the options of moving their funds to a more stable and regulated alternative asset.

But then again, this could all just be a simple FUD, because this is not the all time lowest price of Tether. The asset has seen some significant lows during April when it reached $0.91.

And if we are comparing the market cap provided by CoinMarketCap.com, we can clearly see that Tether is worth almost 20x more than TrueUSD and Gemini Dollar combined.

Some headlines read that traders and investors have “lost faith” in Tether, but I can’t seem to believe it as truth, just because the basic fact that Tether is being traded on most of the top 100 exchanges in the crypto-space, and to plummet this asset would require a massive sell-off from almost all exchanges the asset is trading on.

Source:

https://coinmarketcap.com/currencies/tether/#markets

Photo by Canva.com

BREAKING: JustForex adds cryptocurrency pairs on their platform!

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JustForex, a retail Forex broker that provides traders the access to the foreign exchange markets, have just announced that they have added the top cryptocurrency pairs to their platform. 

JustForex had added cryptocurrencies to their platform already in September, but only on a separate account – crypto account. Now they have implemented these currencies on Standard and ECN Zero trading accounts so that traders won’t have to switch between accounts.

The official statement says: “Customers are now able to trade cryptocurrencies on their accounts without additional formalities,” adding that “this improvement won’t for those new and current customers who want to trade all popular instruments on a single account with no necessity to open separate Crypto account”.

The added pairs include: BTC/USD; BCH/USD; ETH/USD; LTC/USD; DSH/USD; XRP/USD; EOS/USD.

Happy trading!

Source:

https://goo.gl/SLM1mx
https://goo.gl/uwVhpw

Photo by Canva.com

India’s Zebpay is shutting down!

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In a recent blog post by the official Zebpay account on Medium, they have announced that they are shutting down their exchange services due to regulatory issues.

They write: “The curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business. As a result, we are stopping our exchange activities.”

It sounds like they have been hit with a serious oppression by the government and banks. An important fact which needs to be highlighted is that the Zebpay wallet app will continue to function and the users will be able to deposit and withdraw their coins and tokens.

Interesting is that a few days earlier, on September 17, they posted a blog post about adding three cryptocurrencies to their service. Judging by this fact, it looks like Zebpay has been hit not knowingly.

The exchange has already shut down its services, as from September 28, they halted all unexecuted crypto-to-crypto orders and re-credited all the coins and tokens to their owners.

A lot of Zebpay users are very frustrated about this fact and are letting it all out on their twitter thread of the announcement. At the day of the announcement, it looks like all INR (Indian Rupee) withdrawals were paused, which made a lot of users unhappy. And to fix this issue, Zebpay said: “INR withdrawals have been paused in the Zebpay app until banks allow us again. If you wish you to withdraw your INR amount from Zebpay wallet, then you have to transfer cryptocurrency to any wallet which supports withdraw feature”. Funny enough, their Twitter thread has been a perfect platform for other Indian exchanges to advertise themselves.

But the issue still remains. User with a nickname @Eljaboom is saying things like: “I just don’t get it, Indians managed to: 1- Be the 2nd world population, 2- Create Bollywood and make it globally loved where some movies the actor can be hit with a bullet from the start of the movie till the end and he never Dies! 3- Become the technology leaders, 4- Have hundreds of religions and all working along. Now they can’t manage some digital currencies? Are you serious?..”

All this frustration leads to nowhere as now it is a fact that Zebpay is closing their exchange. Users will just have to switch their assets to a different exchange. Exchanges like WazirX and Koinex used their twitter announcement thread to advertise themselves.

Have you used Zebpay, and which exchange would you recommend to their ex-customers?

Source:

https://goo.gl/iZLaUr
https://goo.gl/tDUqXY

EOS executives have left the company for another project.

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Four former employees of EOS – David Moss, Thomas Cox, Brian Abramson, and Corey J. Lederer, have left the company Block.One for another project called StrongBlock. Along with them went two contractors/developers Jon Eric-Cook and Michael S. Mason.

When working on Block.one all four of the employees worked on surprisingly technical roles.

David Moss being the Senior Vice President of Technology Operations

Thomas Cox being the Vice President of Product

Brian Abramson being the Vice President of Infrastructure

and Corey J. Lederer being the Senior Director of Technology products.

It is only now that the media has this increased attention to this occurrence, but the fact is that these employees left already months ago. Especially David Moss. He already left at the end of May, one month after the official launch of mainnet.

“We left because we saw a need in the blockchain marketplace that Block.one was not going to address,” explained one of the employees.

David Moss had criticized the EOS network previously by saying that EOS’ claims about being able to process millions of transactions per second is a lot of hyperbole, justifying that there are physical limitations like the speed of light.

While one side of the story looks scammy, greedy and very unclear, but the other side, which no-one mentions, is that, maybe these former employees were just not challenged anymore in the position they were in. Being on the top of a blockchain company surely gives you a better understanding/advantage of what the problems in the field are and what needs to be done. I’m sure they had raised their private capital, since technically managing a billion dollar start-up, I believe, was not voluntary, and moved on with their new ideas. That it is a self-evident agenda to advance with the time if you have the ability. I believe they just left the work they had started to other employees, because they didn’t have time for development of their own new project. Now they can achieve their ideas full time, but unfortunately the FUD the Media generates comes along.

Nevertheless, here is an interesting twitter thread on EOS blockchain and “no transaction fees”

https://twitter.com/DecentralizTech/status/1044640739592941569

Source:

https://goo.gl/4UwUWH

Photo by Canva.com

Tezos mainnet launch!

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Last week on Friday, September 14, Tezos announced a mainnet launch on Monday. Tezos is the eighth largest ICO in crypto history raising $232 million in more than 7 months, but with a very shady background. They put the project on hold for about a year, because of legal issues. The co-founders had multiple lawsuits with founding members of the foundation. A few of the lawsuits against them are still active. Some even call it the worst ICO ever, naming it as an example how not to do an ICO. But that is not the case. At the end of the day, they got back to developing the platform and now they have finally launched their mainnet. 

But again – the announcement came 2 days before the actual launch. And by no surprise the price of the Tezos token skyrocketed by almost 50%. And this is the fact which I do not understand.

Why is this still allowed? It’s like Coinbase announced adding ETC (Ethereum Classic) a day before the actual adding and the ETC price went up by 25%. Only this time Tezos gave the traders and investors 2 days. The whole weekend. And tell me this was not a deliberate move. Why couldn’t they make the announcement on Monday when the mainnet was going to be launched in the first place?

The price an hour before the announcement was $1.30, and on Saturday it was already $1.75, but now as it always happens, the price has dropped to $1.45 and is on a downtrend.

This is the thing which I really don’t respect in the crypto-space, announcing big announcements way before the actual event takes place, just to pump the price of the token. Also this is an indication that the crypto markets still are at a very low stage. If a tweet of an announcement can raise you almost a 50% profit…

Of course good luck to team Tezos, congratulations on launching the mainnet, and keep up the good work. Keep the investors happy and do your thing. It is rumored that Tezos might be going live in different exchanges, when talking about the speculation of the XTZ price.

What are your thoughts on these kind of moves from big companies? Do you support this kind of price pumping?

Source:

https://goo.gl/A8gyyd
https://goo.gl/x297iq
https://goo.gl/PJNGmV