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      "body": "https://cointopper.com/uploads/topics/three-pro-crypto-bills-to-debut-in-the-us-parliament-15378159301724.jpg\n\nEven as various governments across the world show mixed responses to the emerging field of [cryptocurrency](https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide) and [blockchain](https://cointopper.com/guides/what-is-blockchain-everything-you-need-to-know-about-the-biggest-tech-revolution-after-internet), the US may just take a step towards embracing the domain, as Congressman [Tom Emmer](https://emmer.house.gov/) plans to introduce three bills in favor of it, titled ***“Resolution Supporting Digital Currencies and Blockchain Technology,” “Blockchain Regulatory Certainty Act,” and the “Safe Harbor for Taxpayers with Forked Assets Act.”***, as per the [press release](https://emmer.house.gov/media-center/press-releases/emmer-spearheads-groundbreaking-legislation-support-blockchain) from his office.\n\nSpeaking about the same, Emmer noted that:\n\n*“The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth, which is why I am introducing these bills. Legislators should be embracing emerging technologies and providing a clear regulatory system that allows them to flourish in the United States.”*\n\nThe bills aim to reduce regulations on [crypto-miners](https://cointopper.com/news/can-selfish-crypto-miners-be-a-threat-to-the-world-of-cryptocurrency) and blockchain-based companies (that do not deal with user crypto assets) so that they can operate with lesser restrictions upon them while enjoying a “simple legal environment”...To continue reading click [here](https://cointopper.com/news/three-pro-crypto-bills-to-debut-in-the-us-parliament).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "body": "https://cointopper.com/uploads/topics/rbi-strengthens-stand-on-crypto-trading-ban-15378140571799.jpg\n\nIndia’s central financial institution, the Reserve Bank of India (RBI) has requested the Supreme Court that it should not accept petitions from crypto-related businesses on lifting the ban from trading [cryptocurrency](https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide), in a recent affidavit filed by the former. The move comes days after the RBI proclaiming that [bitcoin](https://cointopper.com/coin/bitcoin) cannot be acknowledged as currency by the current legal system of the country.\n\nIn the affidavit filed with the Supreme court of India, RBI puts forth that, since crypto-trading was prohibited in a way that does not interfere with India’s existing regulations, the Supreme Court should not consider accepting petitions challenging the decision.\n\nIn the affidavit, RBI [stated](https://m.dailyhunt.in/news/bangladesh/english/inc42-epaper-inc/cryptocurrency+case+iamai+petition+not+based+in+law+or+on+facts+says+rbi-newsid-97464440):\n\n“The impugned circular and the impugned statement neither violate the right to equality guaranteed under Article 14 or the right to trade and business guaranteed under Article 19 of the Constitution…The petitioner cannot seek to exercise the extraordinary jurisdiction of this Honorable Court to avail a right which they do not have. The impugned circular and the impugned statement have been issued in a manner that is consistent with the powers conferred on the RBI by the law and the same are legal and valid.”\n\nWhile organizations such as the Securities and Exchange Board of India (SEBI)… To continue reading click [here](https://cointopper.com/news/rbi-strengthens-stand-on-crypto-trading-ban).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "title": "",
      "body": "other coins  BTCD,BTM and GRC to delist slightly acceptable because they had no volume but then again why EMC2 delisted? So far didn't seen any problem with. I'd lost so much in your exchange buddy but thanks to this maybe this could recover my losses. everyone can check this out https://news.kucoin.com/en/99-discount-over-the-trading-fees-on-dcr-trading-pairs/",
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      "title": "Crypto Exchange Poloniex To Delist Eight Crypto Tokens From Its Platform",
      "body": "https://cointopper.com/uploads/topics/crypto-exchange-poloniex-to-delist-eight-crypto-tokens-from-its-platform-15374511552060.jpg\n\nOne of the [popular crypto exchanges](https://cointopper.com/guides/top-10-widely-used-crypto-exchanges-of-2018-across-the-world), [Poloniex](https://www.poloniex.com) announced the delisting of eight crypto tokens from its trading platform, on September 18, 2018. The affected tokens are BTCD (Bitcoin Dark), BTM (Bitmark), EMC2 (Einsteinium), GRC (GridCoin), NEOS (NeosCoin), POT (PotCoin), VRC (VeriCoin), and XBC (Bitcoin Plus).\n\nAccording to the press release by [Poloniex](https://www.poloniex.com/press-releases/2018.09.18-Asset-Delistings/), The delisting process has already begun and will come into effect on September 25, 2018, 12:00 ET. The Customers are given the grace time till October 25th, 12:00 ET to close out any trades and withdraw any balances in these assets.\n\n*\"Our goal for all delistings is to make this process as painless as possible for customers, which is why we always endeavour to:*\n\n*Provide you with seven days advance notice before removing a market*\n*Give holders of the impacted assets 30 days to withdraw funds from delisted assets*\n*Use as many means of communications as possible\"*\n\nIn addition, Poloniex also specifies that in case of wallet unavailability, the grace time may be extended and the customers will be contacted via email. Also, if the [blockchain](https://cointopper.com/guides/what-is-blockchain-everything-you-need-to-know-about-the-biggest-tech-revolution-after-internet) network becomes inactive, the funds of customers will be stored in cold-storage till the network goes live again. The platform will handle these scenarios, case-by-case.\n\nThe platform mentioned... To continue reading click [here](https://cointopper.com/news/crypto-exchange-poloniex-to-delist-eight-crypto-tokens-from-its-platform).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "author": "cointopper",
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      "title": "World's Second Largest Stock Exchange To Acquire Swedish Fintech Cinnober",
      "body": "https://cointopper.com/uploads/topics/worlds-second-largest-stock-exchange-to-acquire-swedish-fintech-cinnober-15372732559489.jpg\n\n***[Nasdaq](https://cointopper.com/news/nasdaq-is-increasing-exchange-customers-and-plans-to-monitor-cryptocurrencies) has yet again hit the headlines as the world's second largest stock exchange is all set to acquire a Sweden-based trading solution provider, Cinnober in a $190 million all-cash deal.***\n\nCinnober is said to be in partnership with the qualified crypto custody security providers, BitGo. Recently, BitGo earned the regulatory approval to be a qualified custodian service provider for around 75 cryptocurrencies to institutional investors.\n\nOn this matter, Adena Friedman, president, and CEO of Nasdaq stated:\n\n“The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.”\n\nFriedman further added:\n\n“Not only the global capital markets continued to evolve rapidly, but new marketplaces in various industries are also demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.”\n\nThe co-founder of Cinnober, Nils-Robert Persson stated that this acquisition will further expand its “technology and offering to even more customers and segments.”\n\nThe deal is expected to be closed by the fourth quarter.\n\nPreviously, [Nasdaq reported about its plan to launch a crypto trading platform in 2019. With Nasdaq highly pacing](https://cointopper.com/news/nasdaq-plans-to-list-bitcoin-ethereum-in-2019)... … To continue reading click [here](https://cointopper.com/news/worlds-second-largest-stock-exchange-to-acquire-swedish-fintech-cinnober).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "permlink": "chinese-usd1-billion-blockchain-fund-to-raise-usd13-million-for-japanese-yen-stablecoin",
      "title": "Chinese $1 Billion Blockchain Fund To Raise $13 Million For Japanese Yen Stablecoin",
      "body": "https://cointopper.com/uploads/topics/chinese-1-billion-blockchain-fund-to-raise-13-million-for-japanese-yen-stablecoin-15372791892577.jpg\n\nThe Chinese Businessman owning a $1.5 billion blockchain fund to develop three new stablecoins for different fiat currencies, reports South China Morning Post on Tuesday, Sept 18.\n\nGrandshores Blockchain Fund, owned by Yao Yongjie and supported by the well-known Chinese Bitcoin investor Li Xiaolai along with the local government of Hangzhou states that the first stablecoin project would be involving the Japanese Yen.\n\nAdditionally, Hong Kong-based Grandshores Technology by Yao plans to raise HK$100 million(~ 12.7 million USD) for financing the cryptocurrency. He states:\n\n*“We believe cryptocurrency traders and exchanges will be potential takers of these stablecoin,”*\n\n***Yao further adds:***\n\n*“We are entering the next stage of blockchain evolution, a stage which is akin to when computer operating system was transiting from MS-DOS [disk operating system] to MS-Windows,”*\n\nThis comes after the recent crackdown on [Cryptocurrency](https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide) in China... To continue reading click [here](https://cointopper.com/news/chinese-1-billion-blockchain-fund-to-raise-13-million-for-japanese-yen-stablecoin).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "title": "Morgan Stanley Plans To Offer Bitcoin Swaps To Its Clients",
      "body": "https://cointopper.com/uploads/topics/morgan-stanley-plans-to-offer-bitcoin-swaps-to-its-clients-15371878154083.jpg\n\nFinancial firms have shown immense interest in diving into the crypto market. It’s no brainer that the giant firms are always trying to dope something new to grab the customers’ attention on them.\n\nIt’s been a while that the crypto market has introduced the concept of direct investing in cryptocurrency without owning them. [Citigroup has already stepped a bit ahead with their digital asset receipt](https://cointopper.com/news/citigroup-plans-to-offer-low-risk-crypto-product-for-institutional-investors). While such success of Citigroup has kindled up the market of digital currencies, the giants like Morgan Stanley, Goldman Sachs has started exploring custody products of cryptocurrencies.\n\nAs [reported](https://www.businessinsider.in/morgan-stanley-is-reportedly-getting-ready-to-offer-clients-exposure-to-bitcoin-with-a-new-trading-product/articleshow/65797887.cms) by Business Insider, Morgan Stanley is out to offer trading of a derivative product tied to Bitcoin. ***This New York-based financial service-firm is promptly planning bitcoin swaps to give investors exposure to the digital currency performance without actually owning them***.\n\nThe firm is ready to launch their product and will release as soon as they find the right amount of demands from industrial clients. Morgan Stanley has been the most bulge-bracket bank to dive deeper into the cryptocurrency market. As per the report, the bank has said it is not trading bitcoin itself. The report also reveals that Morgan Stanley has hired Andrew Peel from Credit Suisse in June as head of digital asset to smooth out their crypto-success.\n\nMeanwhile, Goldman Sachs has already started... To continue reading click [here](https://cointopper.com/news/morgan-stanley-plans-to-offer-bitcoin-swaps-to-its-clients).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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  "block": 26048265,
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      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "author": "cointopper",
      "permlink": "two-english-premier-league-teams-are-planning-to-launch-icos",
      "title": "Two English Premier League Teams Are Planning To Launch ICOs",
      "body": "https://cointopper.com/uploads/topics/two-english-premier-league-teams-are-planning-to-launch-icos-15371863956901.jpg\n\nTwo stone-broke football clubs, Newcastle United and Cardiff City, are trying to dodge the financial issues by planning to launch [cryptocurrency](https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide) through a tokenized crowdfunding round as [reported](https://www.thetimes.co.uk/article/newcastle-united-and-cardiff-city-may-launch-currencies-rtkhr579j) by The Times.\n\nBoth the English Premier League teams are reportedly in conversation with SportyCo, a decentralized sports investment and funding platform, to launch their [Initial Coin Offering (ICO)](https://cointopper.com/guides/ico-investment-what-to-look-for-before-investing-in-icos-initial-coin-offerings) round. SportCo has prior partnered with Avaí Futebol Clube to raise them about $20 million through a public sale of AVAI tokens. The organization is likewise a main sponsorer of Espanyol, the world's top football team.\n\nThis partnership would empower the clubs to start the sale of their private digitized tokens as [securities/utilities](https://cointopper.com/guides/ico-basics-difference-between-security-tokens-and-utility-tokens). As interested members buy these tokens, they would either gain a specific stake in the clubs' income or get extra benefits for utilizing the token on games-related purchases.\n\nThe Mag [highlights](https://www.themag.co.uk/2018/09/so-where-has-the-money-gone-at-newcastle-united-three-questions/) the poor financial status of both Newcastle United and Cardiff City. Also, both Newcastle United and Cardiff City have accepted that they are battling for survival with lower-budgets.\n\nSir John Madejski, a prominent figure in the Premier League once said that running a football club is not for faint-hearted; that one has to have deep pockets to run them smoothly especially when most clubs run at a loss.\n\nAfter understanding that running a football club can't simply be a one-rich-man show, football clubs are opening up to the possibility of going public... To continue reading click [here](https://cointopper.com/news/two-english-premier-league-teams-are-planning-to-launch-icos).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"englishpremierleague\",\"ico\",\"newcastleunited\",\"cardiffcity\"],\"image\":[\"https://cointopper.com/uploads/topics/two-english-premier-league-teams-are-planning-to-launch-icos-15371863956901.jpg\"],\"links\":[\"https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide\",\"https://www.thetimes.co.uk/article/newcastle-united-and-cardiff-city-may-launch-currencies-rtkhr579j\",\"https://cointopper.com/guides/ico-investment-what-to-look-for-before-investing-in-icos-initial-coin-offerings\",\"https://cointopper.com/guides/ico-basics-difference-between-security-tokens-and-utility-tokens\",\"https://www.themag.co.uk/2018/09/so-where-has-the-money-gone-at-newcastle-united-three-questions/\",\"https://cointopper.com/news/two-english-premier-league-teams-are-planning-to-launch-icos\",\"https://cointopper.com/news\",\"https://cointopper.com/guides\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "author": "cointopper",
      "permlink": "what-is-enigma-eng-coin-everything-you-need-to-know",
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      "parent_author": "",
      "parent_permlink": "enigma",
      "author": "cointopper",
      "permlink": "what-is-enigma-eng-coin-everything-you-need-to-know",
      "title": "What is Enigma(ENG) Coin? - Everything you need to know",
      "body": "https://cointopper.com/uploads/topics/what-is-enigmaeng-coin-everything-you-need-to-know-15370936273297.png\n\n[Blockchain](https://cointopper.com/guides/what-is-blockchain-everything-you-need-to-know-about-the-biggest-tech-revolution-after-internet) is the technology which is growing faster these days. It is the world’s most trusted crypto company. It is the platform where all the transactions are recorded in the public ledger. It is the digitalized, decentralized network which improves the transparency while performing the transactions.\n\nBut still, there are [challenges faced while using Blockchain](https://cointopper.com/guides/what-are-the-major-limitations-and-challenges-of-blockchain-technology) which are:\n\n**Privacy**\n\nAs all the transactions are getting recorded in the public ledger so it can be accessed by anyone. So, it would be challenging as how to store sensitive data. Due to this, it restricts the number of applications to be the part of blockchain network.\n\n**Scalability**\n\nComputing is very slow in blockchain due to which a number of transactions performed are less and it costs too much as it involves lot many calculations. Also, storing and computing huge amount of data is not the feasible option on the blockchain platform.\n\nThus, to overcome such kind of issues, [**Enigma**](https://cointopper.com/coin/enigma) came into existence. It solves the above-listed issues and it is becoming popular among the other coins due to their technology and their strong team.\n\n**What is Enigma?**\n\nAs everyone is aware of [Bitcoin](https://cointopper.com/coin/bitcoin) and [Ethereum](https://cointopper.com/coin/ethereum) Cryptocurrency but no one is aware of Enigma coin. Enigma is emerging and growing as it is the program which is running ahead from their schedule. Enigma is in the market to resolve the issues faced in the blockchain as it provides privacy of the data while performing the calculation of the data and also it is the decentralized data marketplace protocol which is based on the innovative technologies.\n\n**How Enigma Works?**\n\nEnigma is the off-chain network which is private in nature. To ensure the safety of data, data must be encrypted before sharing to the nodes on the network and their off chain layer is responsible for making privacy of data while sharing across the Enigma’s nodes on the network.\n\nThat’s why they use the secret contracts in which data references are only available on the public ledger to provide proof of storage but data remains private and split up on the off-chain network.\n\nNodes on the network can store these [Enigma (ENG) tokens](https://cointopper.com/coin/enigma) and to maintain the CPU power and performing the computations. They are paid with ENG.\n\n**The Enigma Team**\n\nEnigma is created by the team of Massachusetts Institute of Technology graduates and researchers. It consists of MIT lab and MIT Sloan fellows and seasoned software engineers.\n\nEnigma CEO’s and co-founder is Guy Zyskind which has experienced in software development with an M.S. from MIT. Project’s CPO and other cofounder named Can Kisagun who is graduated from MIT’s Sloan school of management.\n\nApart from that, there are lot many other people are involved in the team and few impressive investors are involved which are Floodgate, Flybridge Capital Partners, the Digital Currency group and also MIT too.\n\n**The Technology behind Enigma**\n\nEnigma is working currently on the program named Catalyst which is a trading interface and it has the ability which allows their users to interact with the multiple exchanges.\n\nIt is the interface which provides real-time data to their users and its main goal to serve their traders by developing the strategies which allow them to expand the domain of crypto-markets.\n\n**Some recent Partnerships**\n\nEnigma is getting into the partnership with other Cryptocurrency firms. Recently, they integrated with Kybernetwork (KNC) as a data provider.\n\nThey also partnered with Etherdelta which is one of the largest exchange platforms that considers being a huge accomplishment made by Enigma.\n\nAlso, they are partnering with InvestFeed which is the leading platform on social media for Cryptocurrencies.\n\n**Where to buy Enigma and Store it?**\n\nEnigma can be bought through Binance, Huobi, and Bittrex and to get this, they need Bitcoins (BTC) and Ethereum (ETH) which can be exchanged for Enigma.\n\nEnigma is the ERC20 token which is compatible with any of the Ethereum wallet such as Ledger Nano S, Trezor etc.\n\n**Benefits of Enigma**\n\nMajor benefits are already discussed in the above sections which are related to privacy and scalability which are occurred with the blockchains. Apart from that\n\n- Establishing Accountability\n- Ensuring security\n- Reducing KYC risks\n- Creating privacy tokens\n\n**Future of Enigma**\n\nEnigma is resolving the issue related to privacy of data by using secret contracts instead of smart contracts… To continue reading click [here](https://cointopper.com/guides/what-is-enigmaeng-coin-everything-you-need-to-know).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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  "block": 26031509,
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  "timestamp": "2018-09-17T06:10:42",
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      "parent_author": "",
      "parent_permlink": "europeanunion",
      "author": "cointopper",
      "permlink": "france-adopts-legislative-framework-for-governing-icos",
      "title": "France Adopts Legislative Framework For Governing ICOs",
      "body": "https://cointopper.com/uploads/topics/france-adopts-legislative-framework-for-governing-icos-15370171774053.jpg\n\nFrance takes the lead in setting its own regulations for governing ICOs despite the unified EU legislation call.\n\nRecently, A Brussels-based research organization - Bruegel [called](https://thenextweb.com/hardfork/2018/09/06/eu-cryptocurrency-ico-exchange-regulate/) for unified EU regulations for the cryptocurrency market, particularly emphasizing on the [ICOs](https://cointopper.com/guides/ico-investment-what-to-look-for-before-investing-in-icos-initial-coin-offerings) and [cryptocurrency exchanges](https://cointopper.com/guides/top-10-widely-used-crypto-exchanges-of-2018-across-the-world).\n\nHowever, shortly after this call, France moved to pass on its own set of regulations.\n\nThe nation's Minister of Economy and Finance, Bruno Le Maire, [tweeted](https://twitter.com/BrunoLeMaire/status/1039824003689525249) September 12, that France has adopted a legislative framework for governing ICOs.\n\nhttps://cdn-images-1.medium.com/max/1000/1*NAo05as_FhJWabcnmt1FMA.png\n\nAs per the reports, the new regulations are meant to provide guarantee and security to investors. According to the accepted regulations, the financial authorities of the country - Authorité des Marchés Financiers (AMF), would have to approve and issue permits to the companies which have chosen to raise funds through an ICO.\n\nFurthermore, those ventures would likewise need to submit all the details of their offerings to the AMF.\n\nHence, the potential investors would have the opportunity to perform enough due-diligence on data which is officially on the record.\n\nWhat do you think of this move of regulating the ICOs by France? Let us know in the comments below!",
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      "parent_author": "cointopper",
      "parent_permlink": "brave-browser-founded-by-mozilla-s-co-founder-files-data-privacy-violation-lawsuit-against-google",
      "author": "introduce.bot",
      "permlink": "introduce-bot-re-cointopperbrave-browser-founded-by-mozilla-s-co-founder-files-data-privacy-violation-lawsuit-against-google",
      "title": "",
      "body": " @cointopper, I gave you a vote!<br>If you follow me, I will also follow you in return!",
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  "block": 26031352,
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      "parent_author": "",
      "parent_permlink": "browser",
      "author": "cointopper",
      "permlink": "brave-browser-founded-by-mozilla-s-co-founder-files-data-privacy-violation-lawsuit-against-google",
      "title": "Brave Browser Founded by Mozilla's Co-founder Files Data Privacy Violation Lawsuit Against Google",
      "body": "https://cointopper.com/uploads/topics/brave-browser-founded-by-mozillas-co-founder-files-data-privacy-violation-lawsuit-against-google-15369253425971.jpg\n\nBrave, a blockchain-based web browser founded by Brendan Eich - the co-founder of Mozilla, [filed a legal complaint](https://www.reuters.com/article/us-europe-privacy-complaint/mozilla-co-founders-brave-files-adtech-complaint-against-google-idUSKCN1LS2JL) against Google and other marketing companies in Ireland and Great Britain.\n\nThis complaint is primarily focussed to trigger a European privacy regulation in the new European General Data Protection Regulation(GDPR). GDPR aims to ensure that the user data privacy laws are not being violated at any cost and that the user gets to decide the usage of their data by the companies collecting them.\n\nAs per the complaint made, Google and other marketing companies are violating these laws. Brave's chief policy officer Johnny Ryan told Reuters:\n\n***\"There is a massive and systematic data breach at the heart of the behavioral advertising industry. Despite the two-year lead-in period before the GDPR, adtech companies have failed to comply,\"***\n\nThe complaint additionally states that when users visit a website, their data are being circulated to a lot of other companies without their consent and knowledge.\n\nHowever, Google has currently denied these claims saying that it has used the data in a way that complies with the GDPR standards.\n\nUser privacy has been a greater concern today in the tech world… To continue reading click here.\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "parent_permlink": "a-new-win-for-ripple-one-of-the-largest-financial-institution-of-the-middle-east-joins-ripplenet",
      "author": "cheetah",
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      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/",
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      "parent_author": "",
      "parent_permlink": "ripple",
      "author": "cointopper",
      "permlink": "a-new-win-for-ripple-one-of-the-largest-financial-institution-of-the-middle-east-joins-ripplenet",
      "title": "A New Win For Ripple: One Of The Largest Financial Institution Of The Middle East Joins RippleNet",
      "body": "https://cointopper.com/uploads/topics/a-new-win-for-ripple-one-of-the-largest-financial-institution-of-the-middle-east-joins-ripplenet-15369223607745.jpg\n\n[Ripple](https://cointopper.com/coin/ripple) made headlines yet again by adding one of the largest financial institutions of the Middle East, ***The National Commercial Bank of Saudi Arabia(NCB)***, as its new enterprise customer. As [stated by Ripple](https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/), NCB joined RippleNet for instant [cross-border payments](https://cointopper.com/news/blockchain-use-case-in-speeding-up-and-simplifying-cross-border-payments).\n\nRippleNet is a network of banks and payment providers using RippleNet for processing payments which include the option of leveraging XRP to lower liquidity costs and increasing speed.\n\nNCB manages 512 branches across the Kingdom of Saudi Arabia. It has over 3.3 million customers and is the largest financial asset manager in the Middle East.\n\n***\"NCB will connect to other financial institutions around the world through RippleNet. Ripple's blockchain technology also provides their customers with faster and more transparent international payment services.***\n\n***The bank will first connect to financial institutions in North America and Asia, starting in Singapore. Launching these two critical payments corridors out of the gate offers immediate value to NCB's customers - services in regions that they have not had access to before.\"***\n\nNCB is expected to go into production by the end of the year.\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "author": "coin.info",
      "permlink": "re-cointopper-what-is-omisego-omg-coin-everything-you-need-to-know-20180913t044300724z",
      "title": "",
      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📈 24h | 📉 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 6422.688$ | _1.89%_ | _-1.49%_\n**ETH** | Ethereum | 190.384$ | _6.99%_ | _-16.89%_\n**GNT** | Golem | 0.124$ | _1.71%_ | _-14.05%_\n**LTC** | Litecoin | 52.849$ | _4.17%_ | _-6.23%_\n**OMG** | OmiseGO | 3.290$ | _5.74%_ | _-12.27%_",
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      "parent_permlink": "cryptocurrency",
      "author": "cointopper",
      "permlink": "what-is-omisego-omg-coin-everything-you-need-to-know",
      "title": "What is OmiseGo(OMG) Coin? - Everything you need to know",
      "body": "https://cointopper.com/uploads/topics/what-is-omisegoomg-coin-everything-you-need-to-know-15366722324000.png\n\n[Cryptocurrencies](https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide) are becoming extremely popular these days all around the Globe due to their distributed platform, faster transactions speeds and along with many more features.\n\nLikewise, [Omisego](https://cointopper.com/coin/omisego) is also one among them. It is an open payment platform which provides the flexibility to process the transactions without getting dependent on anyone.\n\nIt is a decentralized platform based on [Ethereum](https://cointopper.com/coin/ethereum) which is a distributed [public blockchain](https://cointopper.com/news/difference-between-public-and-private-blockchains). It enables financial inclusion and interoperability through the public using decentralized OMG network.\n\n***What exactly is Omisego(OMG)?***\n\nOmisego is also called OMG which is currently ranked as 20th best currency in the global coin currency list. OMG's main aim is to \"Unbank the Banked\" which means helping the unbanked people to reach the banking services.\nBasically, Omise was launched in 2013 in Thailand, Japan, Singapore, and Indonesia which provides online payment solution to sell the services to its customers or investors.\n\nOmisego came into existence in 2017 as an extension of Omise which focuses on providing security and allows them to process transactions without getting dependent on anyone. Along with that, it takes control over financial and valuable assets and let them exchange with each other.\n\nIt enables peer-to-peer transactions in real-time by using White-Label SDK wallet (via an app) which allows wallet-to-wallet transactions of currencies, loyalty points, game credits etc.\n\n***The Team behind Omisego***\n\nOmisego team is known as \"Fintech Rockstars\" and also they got awarded as \"Digital startup of the year\" by Thailand's Prime minister.\n\nThe core people involved in the team are Jun Hasegawa who is the CEO/Founder and Donnie Harinsut who is the COO and Co-founder.\n\nLikewise, they have many notable members of advisors that includes Joseph Poon, Lightning network co-author , Vitalik Buterin, Founder of Ethereum , Dr. Gavin Wood, Co-founder of Ethereum , Jae Kwon, Creator of Tendermint, and cosmos network, Vlad Zamfir, Ethereum's Casper Research Lead, Julian Zawitowski, founder of Golem, and Thomas Greco, Special Advisor.\n\nAlong with them, Wendell Davis - who proposed the product design and last but not the least, Vansa chatikavanij, who is the managing director.\n\n***Moving on to The Technology behind Omisego***\n\nOmisego runs on the [Proof-of-Stake algorithm](https://cointopper.com/news/cryptocurrency-proof-of-work-vs-proof-of-stake). Omisego blockchain network includes:\nA Decentralized Exchange (DEX) which provides multi-asset and cross-chain interoperability. It is a liquidity provider \nmechanism which allows values to be traded in real-time for other values.\n\nThe Omisego Wallet which is an app through which money can be sent and received and used to stock.\n\nA white-label wallet Software Development Kit (SDK) which is called as Programming framework where SDK is a collection of pre-defined programming functions which helps developers to develop and code application faster and effectively from the scratch.\n\n**The Omisego network's token named as *[OMG token](https://cointopper.com/coin/omisego)* which is required to make sure wallet is open which allows them to confirm the blocks on the network.**\n\n***Let's have a quick look at the Current Statistics of the OmiseGo coin***\n\nhttps://cointopper.com/uploads/topics/original/15366707451111.jpg\n\n***Why is it good to hold OMG token in the Wallet?***\n\nAs we know Omisego works on Proof-of-Stake (POS) algorithm due to which every transaction is charged by small fees, when lot many transactions are performed then that amount becomes more.\nThe fees used to distribute among the token holders, so if a user holds the more tokens, then more fees you will receive as compared to other holders which are the sign that a holder is ready to take more risk and it shows their trust in the network.\n\nBut if the users who are holding more tokens try to cheat, then, in that case, all the tokens are burned and the holder will lose all the tokens.\n\nThus, due to the POS protocol, it's less costly and will generate more income for the OMG holders.\n\n***Problems solved by OMG:***\n\n- Customers are protected by not getting their data to be used as it doesn't involve any vendor in between.\n\n- Allows to send, receive, trade or buying any digital currency or assets all around the globe.\n\n- Capable to perform transactions on different networks for users, merchants, service providers or businesses.\n\n- Storing fiat and decentralized assets securely.\n\n- Tracking of asset transfer via Ledger tracking.\n\n- Developing and deploying the e-wallets with the ability to enhance, add or modify payment solutions as per the requirement.\n\n- No centralized entity available to control over it.\n\n***Where to buy OMG?***\n\nTo buy OMG, a user requires buying [Bitcoin](https://cointopper.com/coin/bitcoin), [Litecoin](https://cointopper.com/coin/litecoin) or [Ether](https://cointopper.com/coin/ethereum) first and later it can be converted into OMG by exchanging them. You can buy Bitcoins from any of the [popular exchanges](https://cointopper.com/news/top-10-widely-used-crypto-exchanges-of-2018-across-the-world) available in the market. While some exchanges available to buy OMG are:\n\n- BuyUcoin\n\n- CoinSwitch\n\n- Bittrex\n\n- Binance\n\n- Bitfinex\n\n***Benefits of Omisego***\n\n- Interoperability\n\n- Decentralized Access\n\n- Security\n\n- Scalability\n\n\n***Future of Omisego***\n\nOmisego is not a single application but a whole project which comprises 3 layers… To continue reading click [here](https://cointopper.com/guides/what-is-omisegoomg-coin-everything-you-need-to-know).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "parent_permlink": "uae",
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      "permlink": "united-arab-emirates-uae-approves-the-regulation-of-icos",
      "title": "United Arab Emirates(UAE) Approves The Regulation Of ICOs",
      "body": "https://cointopper.com/uploads/topics/united-arab-emiratesuae-approves-the-regulation-of-icos-15366621718036.jpg\n\nThe UAE State report on 11th September declared that the financial regulatory authority of the UAE has approved the plan of bringing in [crowdfunding](https://cointopper.com/news/new-age-startups-fundraising-crowdfunding-vs-initial-coin-offeringico) through [Initial Coin Offerings(ICOs)](https://cointopper.com/guides/ico-investment-what-to-look-for-before-investing-in-icos-initial-coin-offerings) with the decision of recognizing [tokens](https://cointopper.com/news/difference-between-cryptocurrency-coins-and-tokens) as security commodities.\n\n*On this matter, the Chairman of the UAE Securities and Commodities Authority(SCA), Sultan bin Saeed Al Mansouri stated:*\n\n***\"The committee has decided to approve the plan to regulate Initial Coin Offerings in the countries to keep up with the changing financial times.\"***\n\nThis SCA report comes after the body had given a statement that the investors need to proceed with caution while dealing with the [digital assets](https://cointopper.com/news/how-to-save-your-cryptocurrency-assets-from-being-hacked-in-2018). Moreover, SCA also supported the statement by saying that ICOs are fragile and flimsy and users should not put all of their trust in it.\n\nFinancial Services Regulatory Authority(FSRA), the financial watchdog of Abu Dhabi, was the first financial regulator to introduce the cryptocurrency circulars and the digital assets.\n\nFollowing Abu Dhabi's initiative, the famous Dubai Multi-Commodities Centre(DMCC) also introduced a model called - \"proprietary trading in crypto-commodities\" in Dubai… To continue reading click [here](https://cointopper.com/news/united-arab-emiratesuae-approves-the-regulation-of-icos).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "author": "cheetah",
      "permlink": "cheetah-re-cointoppercitigroup-plans-to-offer-low-risk-crypto-product-for-institutional-investors",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointopper.com/news/citigroup-plans-to-offer-low-risk-crypto-product-for-institutional-investors",
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      "parent_permlink": "citigroup",
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      "permlink": "citigroup-plans-to-offer-low-risk-crypto-product-for-institutional-investors",
      "title": "Citigroup Plans To Offer Low-Risk Crypto Product For Institutional Investors",
      "body": "https://cointopper.com/uploads/topics/citigroup-plans-to-offer-low-risk-crypto-product-for-institutional-investors-15365810991205.jpg\n\nThere's an altogether a new way rising up for purchasing cryptocurrencies. Investors can buy cryptos without actually owning them.\n\nCitigroup, an NY-based banking giant, has reportedly built a product which will lower the risk the hedge funds and asset management firms have to undertake while investing in [cryptocurrencies](https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide).\n\nAs reported by [Business Insider](https://www.businessinsider.com/citigroup-exploring-crypto-digital-asset-receipt-2018-9?IR=T), the product is known as ***Digital Asset Receipt*** and it was jointly developed by Citigroup's depository receipts services team and the capital markets origination team.\n\nDigital Asset Receipt works almost the same way as the American Depository Receipt(ADR) that enables the U.S investors to own foreign stocks that aren't traded on the domestic exchanges. In this ADR process, the bank acts as a custodian while the investors are issued with a depository receipt.\n\nCNN reported, in Digital Asset Receipt, Citigroup will issue… To continue reading click [here](https://cointopper.com/news/citigroup-plans-to-offer-low-risk-crypto-product-for-institutional-investors).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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      "author": "cheetah",
      "permlink": "cheetah-re-cointopperrolls-royce-bugatti-and-bentley-retailers-to-accept-cryptocurrency-payments",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointopper.com/news/rolls-royce-bugatti-and-bentley-retailers-to-accept-cryptocurrency-payments",
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      "permlink": "introduce-bot-re-cointopperrolls-royce-bugatti-and-bentley-retailers-to-accept-cryptocurrency-payments",
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      "body": " @cointopper, I gave you a vote!<br>If you follow me, I will also follow you in return!<br>Enjoy some !popcorn courtesy of @nextgencrypto!",
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      "parent_permlink": "rolls-royce",
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      "permlink": "rolls-royce-bugatti-and-bentley-retailers-to-accept-cryptocurrency-payments",
      "title": "Rolls-Royce, Bugatti and Bentley Retailers To Accept Cryptocurrency Payments",
      "body": "https://cointopper.com/uploads/topics/rolls-royce-bugatti-and-bentley-retailers-to-accept-cryptocurrency-payments-15365779132786.jpg\n\nOnce again, [Bitcoin](https://cointopper.com/coin/bitcoin) and [Bitcoin Cash](https://cointopper.com/coin/bitcoincash) users turn up celebrating as the Luxury Vehicle Giants are stepping up for accepting the cryptocurrencies.\n\n***It was reported that [Post Oak Motor Cars](https://www.postoakmotors.com/businessman-tilman-fertittas-post-oak-motor-cars-now-accepts-bitcoin/) became the country's first Rolls-Royce, Bugatti, and Bentley dealership to accept Bitcoin(BTC) and Bitcoin Cash(BCH), which is owned by Tilman Fertitta.***\n\nIt was announced by the company in an official press release on September 5th that it will partner with Bitcoin processor Bitpay to facilitate the luxury car buyers to purchase the vehicles from anywhere around the globe using the selected [cryptocurrencies](https://cointopper.com/guides/cryptocurrency-for-beginners-a-quick-simple-guide).\n\n**Tilman Fertitta opened up on the matter, stating:**\n\n***\"The rising of bitcoin sparked my interest. […] Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier.\"***\n\nTo this, the Chief Commercial Officer(CCO) of BitPay, Sonny Singh expressed that the move by Post Oak Motors… To continue reading click [here](https://cointopper.com/news/rolls-royce-bugatti-and-bentley-retailers-to-accept-cryptocurrency-payments).\n\nRead more on https://cointopper.com/news\nRead more on https://cointopper.com/guides",
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