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      "body": "![](https://steemitimages.com/DQmVC8YfZz34N8erLR9Q7vr6nUnQseadSy127p9Zeq2RDdk/image.png)\n\n## COMMUNICATIONS GIANT COMCAST INVESTING IN BLOCKCHAIN AND PREDICTS CRYPTOCURRENCY ADOPTION\n\ntldr; The full video interview can be seen at https://www.cnbc.com/video/2018/04/26/comcast-ventures-bullish-on-bitcoin.html\n\nNEWS\nCOMMUNICATIONS GIANT COMCAST INVESTING IN BLOCKCHAIN AND PREDICTS CRYPTOCURRENCY ADOPTION\nCOMCAST Ventures, the largest broadcasting and cable television company in the world, has predicted blockchain will be used in future elections and that cryptocurrencies including Bitcoin are the future.\n\nGil Beyda, the Managing Director of the company which has a reported revenue of $84.53Billion and around 22,516,000 subscribers, has stated that his team: “remain bullish on blockchain and its application to major industries as well as to upcoming elections”.\n\nHis comment about elections comes amid controversy and investigations over alleged collusion between members of US President, Donald Trump’s campaign team and Russian actors during his 2016 Presidential campaign.\n\n“I think Blockchain is a perfect platform for voting,” Beyda said. “The underlying technology around identity, first and foremost, where someone comes to a voting booth and uses a crypto-rapid key to identify themselves, prevent multiple voting, you can ensure the transaction is recorded on this immutable ledger that we have been talking about in blockchain.”\n\nBeyda also predicted underdeveloped countries could skip traditional banks and go straight to cryptocurrencies.\n\nHe said: “I think people are realising that Bitcoin and Blockchain has real value there. In 2017, it was all about towards the run up, to get rich quick. Wow, you could double or triple your money.\n\n“Then I think there was a pull back to say, okay, what are the real applications of cryptocurrency and blockchain technology? And I think we are going to see a surge now around people really understanding the potential for the technology.”\n\nAsked about the importance of traditional banks like Goldman Sachs playing a major role in cryptocurrency and whether Bitcoin can continue to rise without their presence and involvement in the means of payment, Beyda said: “Let’s take the underdeveloped world here.”\n\n“They missed the whole landline telephone experience, skipping directly from no phones to mobile phones. They leapfrogged. I think the underdeveloped world has an opportunity to do the same with the financial systems, many of which are broken.\n\n“Central banks are corrupt and so rather than go through the traditional central bank system that we have in the developed world, and in the US as an example, they skip that and go directly to a crypto-based economy whereby there is no central bank, their peer-to-peer transactions are among untrusted players and there is a ledger that records all of these transactions.”\n\nHe revealed Comcast has already invested in four blockchain-based companies and expects that number to rise this year.\n\nHe said: “We’re very excited about cryptocurrency and blockchain. Irrespective of the price of Bitcoin, unfortunately if it is $10,000 or $10, we think there is core technology there that has the ability to disrupt multiple industries.”\n\nHe added: “Within Comcast and NBC Universal there are a lot of really interesting projects going around.”",
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      "body": "![](https://steemitimages.com/DQmRLUzD7RoErBePj4MWA494S8y5Ha8bEPCiL4fZQUVmyWh/image.png)\n\nCryptocurrencies have been trying to evade regulations proposed by governments all over the world. But there are some countries and states that are promoting cryptocurrencies by exempting them from taxes. In Wyoming, a proposal known as Senate Bill 111 tries to liberate cryptocurrencies from paying taxes.\n\n## Senate Bill 111 – No Crypto Tax\n\nAs cryptocurrency investors spread and virtual currencies expand, governments are searching different ways in order to profit from them too. The intention is to ‘regulate’ the market by imposing taxes on them or unnecessary restrictions to operate as an investor.\n\nBut there are some states that believe that the future may be much better by allowing cryptocurrencies to freely expand. That is what Wyoming is trying to do. The Senate Bill 111, proposed by six senators and representatives, aims to remove any tax penalties for holding cryptocurrencies.\n\nThis regulation would allow more individuals and enterprises to invest in Wyoming, creating more jobs and boosting growth. Even though, virtual currencies are not considered a legal currency in the United States and many other countries, no one prevents individuals and enterprises to use them.\n\nThe Senate Bill 111 may work as a global precedent if it passes. It would require a lot of support in order to be materialized anytime soon. Wyoming is known to be an opposed state to the Federal Reserve, something that may be of importance in order for this law to pass.\n\n## Friendly Crypto Countries\n\nAt the moment, there are several countries that are promoting investments in cryptocurrencies and low taxes on them. That’s an example of what [Belarus](https://usethebitcoin.com/ukraine-launch-national-digital-currency/) is doing. This European country has a tax free zone that has been created only for blockchain and cryptocurrency investments This has been promoting the country abroad as one of the friendliest countries towards cryptocurrencies. Additionally, the country considers virtual currencies as legal tender.\n\n[Switzerland](https://usethebitcoin.com/switzerland-issues-guidelines-order-start-icos-become-cryptonation/) has also communicated its intention to become a “crypto-nation.”  By regulating the criminal activities around cryptocurrencies and creating a friendly framework for crypto-investments, the country is attracting enterprises and investments. Furthermore, Bitmain has explained that it has been working with the Swiss government in order to settle part of its mining operations in the country.",
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      "body": "They did, they got me. unfortunately I was looking forward to this one since december of last year. . . Everything looked good. I researched their whois information on their domain, traced their DNS info, and spoke with the developers of the project. I'm done with lending platforms and moving forward and encouraging everyone else to do the same. All lending platforms are High Yield Investment Platforms, aka Ponzi's so we knew there was a risk but the scam-to-legit ratio went too far into the negative.\n\nWhat I'm guessing is that they were scared off by the massive dip in the market, affecting their ability to pull off a sustainable ponzi.",
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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://techcrunch.com/2018/02/16/visa-coinbase-not-at-fault/",
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      "body": "![](https://steemitimages.com/DQmQT8mvicSXqiYjCGiTTHmTFom9xQVMs4Xtkww8vwDncfb/image.png)\n\nThis morning Visa [issued a statement to some publications](https://thenextweb.com/hardfork/2018/02/16/coinbase-visa-overcharging-cryptocurrrency/) shifting the blame back to Coinbase, telling TNW that “Visa has not made any systems changes that would result in the duplicate transactions cardholders are reporting.” We are also not aware of any other merchants who are experiencing this issue.”\n\nBut now it seems that the payment giant has revised its stance, and clarified that it wasn’t Coinbase’s fault.\n\nThe following is a [joint statement from Visa and Worldpay](https://blog.coinbase.com/joint-statement-from-visa-and-worldpay-for-coinbase-customers-9a6f2ff5f3b3), which is Coinbase’s payment processor partner. While Coinbase initially distributed the statement on its own blog, we’ve also received the statement directly from Visa.\n\n>Over the last two days, some customers who used a credit or debit card at Coinbase may have seen duplicate transactions posted to their cardholder accounts.\n>\n>**This issue was not caused by Coinbase.**\n\n\n>\n>Worldpay and Coinbase have been working with Visa and Visa issuing banks to ensure that the duplicate transactions have been reversed and appropriate credits have been posted to cardholder accounts. All reversal transactions have now been issued, and should appear on customers’ credit card and debit card accounts within the next few days. We believe the majority of these reversals have already posted to accounts. If you continue to have problems with your credit or debit card account after this reversal period, including issues relating to card fees or charges, we encourage you to contact your card issuing bank.\n>\n>We deeply regret any inconvenience this may have caused customers.\n\nWhile the statement doesn’t give a ton of clarity on the issue, it seems to absolve Coinbase of any blame, which is a win for the startup considering it’s been trying to prove to the world that its engineering and customer service teams can stand up to the challenge of maintaining a reliable financial platform.\n\nThe startup — is valued at $1.6 billion after [raising $100 million](https://techcrunch.com/2017/08/10/coinbase-raises-100m-at-a-1-6b-valuation-amid-explosive-growth/) last year — has endured some challenging periods as it continues to scale its service to accommodate its 10 million-plus registered customers.\n\nIssues over the past year have included [muddling prices on Overstock.com](https://techcrunch.com/2018/01/10/overstock-and-coinbase-briefly-mixed-up-bitcoin-and-bitcoin-cash/), [a flash crash](https://techcrunch.com/2017/06/24/coinbase-is-reimbursing-losses-caused-by-the-ethereum-flash-crash/), and [a general struggle to keep up](https://techcrunch.com/2017/05/25/coinbase-outage-unprecedented-bitcoin-interest/) as cryptocurrencies boomed in 2017. In December, [Coinbase launched an internal investigation](https://techcrunch.com/2017/12/19/coinbase-inside-information-bitcoin-cash-launch/) into suggestions that company insiders profited from knowledge of impending support for Bitcoin Cash.",
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