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      "body": "A government authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses.\n\nAccording to a report from the Philippines government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) announced it has just granted a principle operation license to a Hong Kong-based crypto exchange.\n\nThe CEZA said the new issuance is part of the total 25 principle licenses it will give to crypto trading platforms. And each of those authorized companies will be allowed to further issue at least four regular licenses, according to the report.\n\nCEZA's senior deputy administrator Raymundo Roquero said that the CEZA charges $360,000 for a principle license and $85,000 for a regular one, but the report does not further clarify the main difference between these two types of licenses.\n\nThrough the tiered crypto exchange licensing model, Roquero said in the report that the authority expects to make a profit of 3.6 billion peso, or around $67 million.\n\nIn addition to the one-off licensing fee, approved exchanges are also required to pay the CEZA 0.1 percent of the value of each transaction that happens on their platforms, the report said.\n\nRoquero indicated the CEZA has received 70 applications so far and the authority will issue more licenses in the coming months since six of the applicants already paid the licensing fee.\n\nAs part of the license's requirement, crypto exchanges registered in the special economic zone must also invest at least $1 million within two years with a back office in the Philippines, the report said.\n\nAs previously reported by CoinDesk, the Philippines released a guideline for bitcoin exchanges in early 2017 but had received little interests since then. The country's central bank granted the first crypto exchange licenses to two local platforms in August of last year.\n\nFor More visit detail:\nhttps://www.coindesk.com/the-philippines-wants-to-earn-67-million-by-crypto-exchange-licensing/",
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      "body": "will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.\n\nIn a published blog post, Facebook Product Management Director Rob Leathern said the company has refined the policy and will now \"allow ads that promote cryptocurrency and related content from pre-approved advertisers.\"\n\nFacebook’s January ban on cryptocurrency ads stemmed from ICO scams and the lack of regulation in the space at the time. The company was heavily criticized for the broadness of its ban which it justified by saying it was “intentionally broad while we work to better detect deceptive and misleading advertising practices.”\n\nLeathern explained why the social network was refining the ban six months after it went into effect. He said Facebook had \"looked at the best way to refine this policy — to allow some ads while also working to ensure that they’re safe.\"\n\nThe refined policy from Facebook now requires crypto advertisers to apply to be listed on the platform, so Facebook will be able to scrutinize their eligibility by checking a host of details, including licensing and whether the company is publicly traded. Facebook believes this new policy is only a first step and the company says it will \"listen to feedback\" from advertisers as well as take time to continue studying the crypto space so it can be revised in due course.\n\nWhile the reversal of the ban is good news for cryptocurrency firms, the move could give an insight into Facebook's ambition in the space. Earlier this year, the company launched an exploratory blockchain group to study the technology. Heading the group is David Marcus, who used to oversee Facebook Messenger and currently sits on the board of Coinbase.\n\n![](https://cdn.steemitimages.com/DQmQZyhKnP4KzwG4ubutjVZJAqPQTi4m87s38pXggcWSvp9/image.png)\n\nThe reversal comes at a time when rumors are circulating that Facebook may be looking to acquire Coinbase in a buyout, but nothing is concrete for now. If the rumors are substnatiated, Facebook's acquisition of Coinbase would likely give the industry a buff to its legitimacy.\n\nFor more detail visit:-\nhttps://bitcoinmagazine.com/articles/facebook-reverses-cryptocurrency-ad-ban-amidst-rumors-coinbase-acquisition/",
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      "author": "naveed878",
      "body": "pe K ho kia",
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      "body": "this act show its just matter of thought, you can make any thing interesting with state of you mind.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://bitnewz.net/News/Article/US-Congressman-Says-ICO-Market-Needs-Light-Touch-Regulation-to-Provide-Certainty",
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      "body": "U.S. Representative Warren Davidson (R-Ohio) said the initial coin offering (ICO) market needs “light touch” regulation on CNBC's Squawk Box today, June 21.\n\nWhen asked about cryptocurrency regulation, Davidson argued that the “big thing” the market needs is a “light touch regulatory framework” which, according to the congressman, would provide more certainty.\n\nDavidson stressed the necessity of defining the status of cryptocurrencies, pointing out the recent announcement of the U.S. Securities and Exchange Commission (SEC) that the top altcoin Ethereum (ETH) will be considered a commodity rather than a security. He added that the government still “[has not] put together” a coherent regulatory framework, claiming that there’s still “arbitrage going on.”\n“You don’t really know when somebody does an ICO, whether they are really launching this great distributed ledger product that is going to be a security or if it looks a little different, like [Ethereum] and [Bitcoin] determined to be essentially commodities.”\n\nDavidson stated that a lightweight regulatory framework could provide more clarity to investors without encumbering projects with undue regulations. He said that a clear regulatory framework would save companies from the bureaucratic difficulties of navigating myriad different court decisions at varying levels.\n\nThe congressman further explained that the lack of regulatory certainty made the ICO market risky and potentially unsafe, as fraudulent ICO projects could take advantage of investors. He advocated for the proper application of  know your customer (KYC) and anti-money laundering provisions to “make sure we protect ourselves.”\n\nWhen asked why crypto is the “currency of choice” for people engaged in illicit activities, Davidson responded:\n\n![](https://cdn.steemitimages.com/DQmf6YSZ4m7eXsoX6DRphSUR3Rt8aJ1y6dDp1DxRjbDqYYD/image.png)\n\n“I’m not sure that it would be considered the currency of choice, but it is easy to transmit through time and space, and its distributed, you don’t need a central clearing house… but if you look at how cases like Mt. Gox have been solved, there are ways to trace who is the beneficial owner...”\n\nDavidson said that crypto asset flows are “more trackable than cash,” and “certainly more open than hawala network, and both those things are still legal.”\n\nYesterday, Nasdaq CEO Adena Friedman claimed that ICOs pose “serious risks” for retail investors and highlighted that the ICO processes have “almost no oversight.” from the SEC in comparison with initial public offerings (IPOs).\n\nOn June 19, CBOE Global Markets President Chris Concannon claimed that the ICO market could soon face a two-fold regulatory “reckoning,” should the SEC classify ICOs as unregistered securities.\n\nFor More detail visit\nhttps://cointelegraph.com/news/us-congressman-says-ico-market-needs-light-touch-regulation-to-provide-certainty",
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      "body": "Ukrainian police have arrested a group of four men suspected of running six fake cryptocurrency exchanges, Bleeping Computer reported June 21.\n\nFour men between ages 20 and 26 allegedly launched at least six digital currency exchanges, where they deceived users, subsequently stealing money from them. The alleged culprits lured users by promoting the exchanges with fake positive ratings and online reviews. The police reportedly said that the suspects had \"special knowledge and skills in the field of programming\" and \"have created their own CMS-system for managing the content of exchange sites.\"\n\nDuring the raid of the suspects’ homes, the police reportedly seized computers, flash drives, smartphones, and other devices. According to a spokesperson for the Ukrainian National Police, “the list of sites is not complete.” Now authorities are asking users to provide information about whether they were deceived by fraudulent exchanges before.\n\nYesterday, the U.S. Securities and Exchange Commission received an additional emergency court order to freeze the assets of Dominic Lacroix, owner of PlexCorps. Lacroix and his partner, Sabrina Paradis-Royer, were accused of violating securities law in respect to the PlexCoin initial coin offering (ICO) conducted by PlexCorps in August last year. The ICO reportedly raised $15 million from “thousands of investors.”\n\n![](https://cdn.steemitimages.com/DQmXbKw6A5wi7JQdcRV7iEuUC6EML2aUegoGUW9BAG4t756/image.png)\nEarlier this month, Cointelegraph reported that a Bitcoin trader in Los Angeles, California, was facing prosecution for allegedly running an unregistered multimillion dollar Bitcoin-fiat money transmitting business. Accused Theresa Tetley, 50, reportedly earned at least $300,000 annually from her black market business, which ran between 2014 and 2017 via a listing on localbitcoins.com.\n\n\n\nFor More detail visit:-\nhttps://cointelegraph.com/news/ukraine-four-arrested-for-running-fake-crypto-exchanges",
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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://www.ccn.com/cryptocurrencies-operate-on-fraudulent-business-model-hotmail-founder/",
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      "body": "Proponents of cryptocurrency often argue that this technology will have an impact on the world that is comparable to that of the internet, but one of that revolution’s most successful entrepreneurs has cast shade on that bullish prediction.\n\nSpeaking with regional media outlet Arabian Business, Sabeer Bhatia — founder of now-shuttered email service Hotmail — said that cryptocurrencies operate on a business model built upon fraud.\n\n“The underlying business model that I have looked at is fraud. Cryptocurrencies are nothing more than white papers, a hope in the way the world will be,” he said, echoing critiques from a number of other bitcoin bears including Warren Buffett and Jamie Dimon.\n\nBhatia, who sold Hotmail to Microsoft in the late 1990’s for an estimated $400 million, told the publication that he believes the dotcom bubble is too generous a comparison for the cryptocurrency boom because even infamous companies like Pets.com were early attempts at was has ultimately proven to be a viable business model.\n\n“The likes of Pets.com and the Books.com were at least versions of e-commerce platforms that are only growing today,” he said. “There [were] missteps back then but, guess what, we’re doing everything online today. They were right… but they were too early and didn’t have the staying power like an Amazon. Those failures tried to pick a vertical and wanted to be the solution for that segment. [There’s] nothing wrong with that.”\n\n\n\nHe specifically singled out IOTA — the ninth-largest cryptocurrency — whose market cap peaked near $15 billion in mid-December but has ultimately declined to $3.5 billion in lockstep with the wider cryptocurrency market. Though the project has signed a number of partnerships with high-profile companies like Volkswagen and Bosch, Bhatia said that he believed the token’s value was “entirely speculative.\n\n“There is a token called IOTA, which is based on the Internet-of-Things. But they haven’t sold a single device to anyone. The whole idea is: ‘In the future, one IoT device will be able to talk to another IoT device and settle any financial transaction between them using blockchain. That’s the idea. And although it’s never been implemented, the idea is worth $15bn? Really? The values are entirely speculative.”\n\nHe argued that while blockchain technology may have benefits for cross-border settlement, many investors will likely lose money investing in an asset class that is “too good to be true” and does not — in his view — create value for society.\n\n“The most successful companies of the last 10-15 years have been networks,” he concluded. “Facebook, WhatsApp, Instagram, and even Uber is kind of a network. It seems that cryptocurrencies are trying to grow a network and people buy tokens and people participate in the growth of the network. But what is the network really doing? The fundamental question of creating value for society is one they carefully dodge.”\n\n\nFor more update visit:-![](https://cdn.steemitimages.com/DQmPBA6gYnRor6Dab1p1uPCEvfcwUCMKtSLBSemBp8YJq56/image.png)\nhttps://www.ccn.com/cryptocurrencies-operate-on-fraudulent-business-model-hotmail-founder/",
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      "author": "naveed878",
      "body": "A HUGELY controversial conspiracy theory has resurfaced online claiming the human race originated on another planet.\n\n![](https://cdn.steemitimages.com/DQmRzcYYJjSdin3D7C4D58NSmyxgNvmHM5yQQSSTyR2eRnh/image.png)\n\nDr Ellis Silver, who has studied evolution, has an outlandish belief on the human race’s origins.\nIn his book, Humans are not from Earth, which has been debated online recently, he claims that we were brought here tens of thousands of years ago by aliens.\n\nHis reasoning is humans appear so unable to cope with life on Earth.\n\n“Mankind is supposedly the most highly developed species on the planet, yet is surprisingly unsuited and ill-equipped for Earth's environment: harmed by sunlight, a strong dislike for naturally occurring foods, ridiculously high rates of chronic disease, and more” he said.\n\nHe claimed the difficulty of childbirth was more proof to his claims.\nDr Silver also pointed to how humans regularly suffer from bad backs which he theorised is because life evolved on a planet with lower gravity.\n\nHe said: “Indeed, if you can find a single person who is 100% and healthy and not suffering from some perhaps hidden or unstated condition or disorder I would be extremely surprised – I have not been able to find anyone.\n\n“The Earth approximately meets our needs as a species, but perhaps not as strongly as whoever brought us here initially thought.”\n\nBizarrely, he believes Earth could actually be some kind of galactic jail.\n“The Earth might be a prison planet, since we seem to be a naturally violent species and we're here until we learn to behave ourselves,” he added.\n\nThe life started elsewhere theory gained credence recently, albeit without the aliens.\n\nTwo space rocks, which are approximately 4.5 billion years old, smashed into Texas and Morocco in 1998.\n\nFor More Detail Visit-\nhttps://www.dailystar.co.uk/news/weird-news/692226/Dr-Ellis-Silver-humans-earth-aliens-NASA-space",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://billionaire365.com/2018/05/17/the-us-securities-and-exchange-commission-sec-launched-a-fake-ico-to-warn-investors-regarding-scams/",
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