Argentina: Public transport with bitcoin

Now passengers of public transport in 37 towns across Argentina can replenish credit score on their transport SUBE cards with bitcoin. This was made possible thanks to the cooperation of Alto Viaje, which is a framework for transit card, and FINTECH companies Bitex.

It is a small step for Bitcoin, a giant leap for kriptonyte. Integration payments in bitcoin and cryptocurrencies for goods and services is not something new. But such large-scale coverage of the population as commuters and buses. This is a serious promotion of digital assets.

“We believe that this project is important because it brings people such important technologies as Bitcoin and demonstrates the true value and its application in everyday life,” said Director of marketing Bitex Manuel Bodra.

The main task of the Alto Viaje – to make the process of recharge cards as affordable as possible. Prior to the adoption of bitcoin payments platform accept only PayPal, soon it will also handle payments through the local payment RapiPago operator.

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The Commission on urgent exchange trade of the USA has requested public comments about the technology of Ethereum

The Commission on urgent exchange trade of the USA (CFTC) have expressed a desire to learn more about Ethereum and its underlying technologies, and markets that have been created around it.

Published on Tuesday, December 11, a request to retrieve relevant information, the regulator explains that it wants to receive public comments on various issues regarding Ethereum — from technology to its application. For replies CFTC took 60 days, answers can be submitted via electronic or regular mail, or transfer physically.

“The CFTC expects that the comments received and the information will be of benefit LabCFTC, FINTECH-the initiative of the CFTC and will help the Commission better understand these promising technologies,” — said in a press release.

In the request for information noted that these answers also help the Department to get a better idea about how it should be regulated Ethereum-market, and the associated cryptocurrency markets derivatives.

“Information received at this inquiry, the CFTC will help to ensure the integrity of the derivatives markets, and will also facilitate monitoring and reduce systemic risk by enhancing legal certainty. The purpose of the request is the understanding of the similarities and differences of various virtual currencies including bitcoin and Ethereum, Ethereum and the inherent opportunities, challenges and risks,” it says.

The document contains 25 different questions about Ethereum and its network are divided into categories such as its purpose, underlying technology, markets, supervision, as well as cyber security and custody decisions.

The questions touch on themes such as, for example, the forthcoming launch of Ethereum for algorithm proof-of-stake, the problems of scalability, network usage at the moment, the possibility of audit of deposits in ETH, etc.

One of the questions, for example, as follows:

“How the introduction of derivative contracts on Ether capacity to change or modify the structure of the [financial] incentives underlying the model proof-of-stake?”

Subsequent questions in more detail affect the potential impact of the market on Ethereum built on top of it, the derivatives market and Vice versa.

Recall that in late November LabCFTC, a research unit of the CFTC, issued an official guide to smart contracts, pointing out their advantages and risks.

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A public appeal CoinMarketCap to users: We will debunk all the myths and slander in our address

As reported recently, publicists Medium with a fascinating scale investigation aimed at exposing the fraudulent activities leading cryptocurrency site CoinMarketCap.

The platform was charged with providing users with false information in order to manipulate the market.

Team CoinMarketCap was seriously excited over the events and decided to publish his appeal to the users on Medium. We offer you to familiarize with the above facts. When translating we tried to preserve the line of copyright text.

6 myths about CoinMarketCap

If you have some time follow CoinMarketCap, you probably know that we rarely publish public statements. However, the last time we had to deal with rumors based on false information about CoinMarketCap (CMC), and we consider it our duty to clarify the situation.

When in 2013 we launched CoinMarketCap, our mission, as we have seen the provision of information on the cryptocurrency in an accessible form. We are guided by the same policy until now, making these or those decisions. We hope that by providing more information about how we manage the CMC, we can maintain your confidence and stay an authority in your eyes in the sphere of the ratings market and information about prices.

Myth 1: CoinMarketCap accepts payment for the inclusion of coins in the listing and for the updates

This is an outright lie. Although we encourage donations to improve the quality of service, CoinMarketCap does not accept payment of any form to circumvent the listing requirements or intentionally publish inaccurate information. We evaluate each request with the same level of control. In the future we can begin to accept payment to increase application priority, but money has never had influence on the final result of the evaluation.

Myth 2: CoinMarketCap involved in insider trading tokens before incorporating them to the listing on the website

Even if we had nefarious intentions, there is no way to make a profit, just knowing the exact time of the publication of information on our own website. Many new assets when they are first included in the listing, have low liquidity (low trading volumes). As is known to any experienced trader, it is very difficult to build a position in the markets with such low liquidity that would justify the risks, wasted time and resources. With regard to the inclusion in the listing of the new assets have a high liquidity and strong position, — the emergence of the CMC for them changes nothing.

Myth 3: the Number of coins in circulation just to calculate

It is important to note that among the users disagree about what it means to be in circulation. Some believe that the tokens controlled by the team / developer, there must be in circulation, the other that the circulation of the token starts from the moment of its “liberation”, others are inclined to think that in circulation can be considered tokens that are distributed among large investors, partners, etc. due to the complexity of calculations, information about the coin, specified in the documents, may disagree with the calculations published on the website.

We work closely with teams and developers to specify the number of coins in their blockchains. When possible, our developers will update information in real-time. This is done by tracking the addresses that we believe are not used and subtracting the balances of these addresses from the total supply. Collection and verification of this information takes a long time and this is why indicators of market capitalization is not placed on the website immediately. We believe that it is better to spend the time to maximally ensure the reliability of the data.

Myth 4: Employees intentionally neglect to CoinMarketCap update of information about the specific cryptocurrency and exchanges.

If you think that update information takes too much time, it is because we have not received concrete evidence from the developers of the coins/exchanges, to publish the requested changes. Developers often do not agree with our methodology and refuse to provide the requested information for verification. Our policy is to wait for clarification, and not to publish information we believe is inaccurate.

Sometimes even official announcements from teams and/or technical documents are not sufficient to meet our verification requirements: data may be outdated, and information about the amount of tokens in circulation — causing doubt. Given these reasons, and also a huge number of requests to update the information that we receive on a daily basis, the process of making changes to data on the website requires a longer time.

Myth 5: CoinMarketCap operated by one person

We have a dedicated team and office in each area of activity, as in any other business. We are still a small team based in new York, which is entirely absorbed by the daily operations of the site and sees no reason to publish a lot of information about who we are. Maybe that’ll change, but in any case we are not so much hidden, how much CoinMarketCap continue to develop to best serve our users and the entire cryptocurrency sector.

Myth 6: CoinMarketCap doesn’t care about the ecosystem of cryptocurrencies

This is the strangest statement of all spoken at one time. Since 2013, the mission CoinMarketCap was to provide the most accurate information about the cryptocurrency. We believe that our commitment to neutrality, anti-censorship and credibility of the reported information has played an important role in the success and popularity of the website. We will continue to move forward, remaining true to its values.


We pay close attention to the needs of our users and the community as a whole and work hard to meet those needs. Our plans include the development of a commercial API, mobile application, update the design and implementation of multiple functions that will enhance the quality of the use of CoinMarketCap.

What say you, friends? Convinced you representatives CoinMarketCap in his innocence and purity of intentions? If they managed to earn back your trust? Why — Yes, why not?

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