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Hostile or just overly cautions countries keep losing cryptocurrency-related businesses to more attractive jurisdictions, along with the jobs and tax money that go along with them. The latest example comes from Poland, which Bitbay has been forced to leave for Malta.


Farewell Poland


Poland-based international cryptocurrency exchange, Bitbay, has announced its decision to suspend the activity of the trading platform in Poland. Founded in 2014 in Katowice, the company is said to have over 200 employees and 800,000 users. The reason for the exit from its home market is that Bitbay can no longer receive banking services in the country.

“The activity of the Bitbay exchange in Poland requires cooperation with Polish bank. Unfortunately the last Polish bank ready to provide bank services undertook unilateral decision to finish the cooperation with Bitbay with the effect at the end of May. In those circumstances the continuation of providing high quality services by Bitbay exchange in Poland is no longer possible,” the company stated.

The move will occur in a couple of phases. After May 31st, access to PLN accounts will not be possible, but all other functions of the exchange in Poland will still be active. After the expiry of the notice period, September 18th, users will only be able to withdraw funds, and trading on the Bitbay exchange in Poland will be completely suspended. The exchange operations will be conducted by a new supplier in Malta with the same software that was used by the exchange in Poland, based on the domain bitbay.net under the Bitbay trademark.

Welcome to Malta

In explaining the specific location it is moving the exchange operations to, the company’s team say they have been conducting analysis for many months in order to find the most cryptocurrency-friendly place in the European Union. “Productive discussions with the government of Republic of Malta and friendly business environment provide Bitbay assurance that the choice of Maltese jurisdiction is the best solution.”

As we previously reported, the Maltese government’s has successfully focused on bringing in more international cryptocurrency business to booster the local economy this year. Back in March, Binance revealed that it would be moving its operations and starting to recruit 200 people to work on the island. In April,  Okex announced it is also establishing its own entity in Malta.

Should exchanges move to friendlier locations or try and fight in the local courts? Share your thoughts in the comments section below. 

 




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Sygnia Asset Management, a major South African investment firm with 180 bln rand ($14.5 bln) under management, has revealed that it will launch a cryptocurrency exchange later this year, BusinessTech reported May 25.

Sygnia CEO Magda Wierzycka said the company would launch its cryptocurrency exchange, dubbed ‘SygniaCoin,’ in the third quarter of 2018:

“The cryptocurrency market is evolving at a rapid pace internationally and domestically and is attracting both domestic and international flows. With its fintech focus, Sygnia is well-positioned to become the first major financial services institution to embrace cryptocurrencies and to offer investors a secure trading and execution platform backed by an international infrastructure, well-designed custody and integration with standard savings products.”

Wierzycka placed an emphasis on security and regulatory compliance, which she considers “will evolve” in the South African context. She noted that the South African Revenue Service (SARS) has already stipulated that crypto trading is liable to tax and that she expects further domestic crypto regulatory frameworks to follow.

Meanwhile, SygniaCoin will base its policies on the existing regulatory framework currently adopted by crypto exchanges registered in New York State, namely the stringent NY BitLicense, which was introduced in August of 2015.

In addition to trading, Sygnia will create a dedicated fund that will invest in a range of cryptocurrencies on behalf of its retail and institutional clients. Sygnia investors will also be able to hold cryptocurrencies in their Sygnia accounts alongside their other assets.

Just this week, South Africa’s central bank (SARB) declared that cryptocurrencies are “cyber-tokens” because they “don’t meet the requirements of money.” The announcement followed upon SARB’s establishment of a fintech task force earlier this year that will be dedicated to addressing crypto regulatory issues.

In April, the central bank further established a self-regulatory organization to oversee developments in the crypto and fintech industries aimed at preventing ‘systemic risk,’ although the bank stressed it was cautious not to “throttle growth” in the burgeoning crypto sphere.




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Twenty nine percent of Germans are interested in cryptocurrencies as a form of investment, Cointelegraph auf Deutsch reported Tuesday, May 29. German bank Postbank came to this conclusion after a survey of 3,100 Germans, which was conducted from the end of February to the end of March 2018.

When asked about why are they interested in crypto, 60 percent of women and 51 percent of men cited "independence from established financial systems" as an important factor. The possibility of high returns, on the other hand, especially attracts men: 56 percent against 36 percent of women. For every third potential cryptocurrency investor, anonymity is also important.

In terms of age, cryptocurrencies are particularly popular among 18-34 year olds. In this age group almost every second - 46 percent - are interested in crypto investing. Six percent of Germans between the ages of 18 and 34 have already invested, with another 14 percent planning to do so over the next twelve months.

Dr. Thomas Mangel, Head of Postbank's Digital Department, has said in a press release that the sharp price declines in recent months had apparently not impacted the popularity of cryptocurrencies. He believes that the reason for this is a lack of knowledge about opportunities and risks of cryptocurrencies as an investment. Dr. Thomas Mangel warns:
"Despite all the fascination, young investors should not lose sight of offers from the established banking system. Anyone who already makes an investment in securities as an investment should certainly not invest in cryptocurrencies because of the high risks involved. Because this type of investment is highly speculative."
Many bankers have repeatedly warned against price fluctuations in recent months. For example, ECB Board Member Yves Mersch sees digital currencies as a threat to financial stability and calls for strict banking supervision. Also the wealth management head of the Deutsche Bank Markus Mueller criticized the high volatility of cryptocurrencies.




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London has enjoyed a status of a global financial hub for centuries and served as a pioneer for brand new trading options for decades. However, some fear it is now in danger of getting left behind by the hottest emerging asset class – cryptocurrency. One of the main reasons for this appears to be the dominance of the big banks over the UK economy.

Banks Hindering Progress


Despite having a thriving fintech startups scene, an established trading ecosystem and a leading role in the traditional fiat currencies market, London appears to be missing the boat with regards to the rush of institutional money flowing into crypto finance. Locations such as Tokyo, Chicago, New York and even San Francisco are taking the lead with regards to regulated platforms, OTC and hedge funds, as well as exchange-traded derivatives such as futures. And many people in the industry believe this is mainly due to the out influence that the banks have in the City.

“Banks have been unusually strict in dealings with crypto,” Max Boonen, a former Goldman Sachs trader and current CEO of B2C2, a London cryptocurrency market maker, told FT. “It’s nearly impossible to open an account for crypto in the UK. The problem is that in the UK there is a perception that banks have issues with anti-money laundering and decided to be a lot more conservative.” And David Mercer, CEO of LMAX, an FCA regulated FX trading venue which recently announced a physical cryptocurrency exchange dedicated to serving just institutional clients, expects UK banks would only join the market next year. “London is very bank-driven and we see it as being a late adopter,” he explained.

Not Too Late?


Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin 

There are also factors that support London’s position in the crypto market, such as CFD brokers like IG Group and  Plus500 achieving success with retail traders as well as Barclays agreeing to open an account for Coinbase. Additionally, there are those that think that the matter is overstated.

“The City of London, taken as a whole, has the collective experience to make considered and forward-thinking decisions. This experience manifests itself in many ways, from the efficiency of trade execution to KYC & AML regulations and from the strength of our legal system to our culture of effective corporate governance. These reasons are why London dominates the international foreign exchange markets, and it is unthinkable that the City will not continue to be a dominant player in crypto markets,” commented to news.Bitcoin.com Nauman Anees, Co-founder of Think Coin, a multi-asset financial & cryptocurrency trading exchange.

Anees added: “London is the dominant player in global financial markets thanks to the strength of its regulatory infrastructure and position as a gateway & conduit between every key global market – and while the crypto markets are novel in many ways, these key contextual advantages still apply. Moreover, events in recent years show the crypto space is one where ‘first mover advantage’ does not apply. Repeated hacks of key exchanges along with the slow pace of international regulation has meant that many ‘early adopters’ have not been positioned to fully develop and grow with the market, meaning that a more cautious approach will likely prove to pay the biggest dividends later. That said, the idea that there is a corporate resistance to crypto adoption in London is misguided. Most of the major investment banks have opened crypto desks, and the ones which haven’t already announced are undoubtedly experimenting behind the scenes.”

How should London ensure that the crypto revolution does not pass it by? Share your thoughts in the comments section.




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South Korea’s national legislature has officially proposed to allow domestic initial coin offerings, effectively lifting the ban imposed by the government in September last year. With the lack of proper guidelines, South Korean companies have been migrating abroad to launch their token sales.

National Assembly’s Proposal

The National Assembly, the 300-member unicameral national legislature of South Korea, has officially proposed for the government to lift the ban on initial coin offerings imposed last September, Business Korea reported on Tuesday. The news outlet elaborated:
The National Assembly has officially made a proposal to allow domestic initial coin offerings (ICOs). As the administration is sitting on its hands after imposing a total ban on ICOs in September last year, the National Assembly has come forward with an official recommendatio

Citing the Assembly’s proposed “legislative and policy proposal of recommendation to allow ICOs under the conditions of investor protection provisions,” the publication explained that the next step is for the administration to discuss the proposal with the Assembly.

Earlier this month, news.Bitcoin.com reported a group of lawmakers working on a bill to legalize ICOs that meet certain conditions under the government’s supervision. ICOs that are approved will be subject to tight supervision by the Financial Services Commission (FSC) and the Ministry of Science and ICT.

Special Committee’s Recommendations


South Korea's National Assembly Officially Proposes Lifting ICO Ban
         

The special committee on the fourth industrial revolution under the National Assembly held their last general meeting on May 28. “Through the legislative and policy proposal of recommendation finalized on the same day, the committee accused the administration of neglecting its duty in responding to blockchain application expansion,” the news outlet detailed.

“We need to form a task force including private experts in order to improve transparency of cryptocurrency trading and establish a healthy trade order,” the committee described. Among other recommendations, the committee outlined, “we will also establish a legal basis for cryptocurrency trading, including permission for ICOs, through the National Assembly Standing Committee.”

ICOs Moving Out of Korea


The news outlet pointed out that:
With the government failing to present any guidelines for ICOs, domestic blockchain companies are going to Singapore and Switzerland to do an ICO and pay unnecessary expenses.
Singapore and Hong Kong have recently emerged as meccas for token sales. According to Anson Zeall, chairman of the Association of Cryptocurrency Enterprises and Startups Singapore, “there has been a lot of [ICO] activity since September last year.”

Naver and Kakao Corp, the parent companies of popular chat apps Line and Kakaotalk, recently set up subsidiaries abroad with the possibility of launching ICOs. One of the country’s largest crypto exchanges, Bithumb, has also partnered with a Singaporean company to launch its own cryptocurrency.




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Bitcoin remains a strong buy despite recent losses, blockchain venture capitalist Spencer Bogart told CNBC yesterday, May 26. The cryptocurrency will trade “at least” above $10,000 by the year’s end, he added.

Bogart is a partner at major VC firm Blockchain Capital, and was reportedly the first Wall Street analyst to cover Bitcoin and blockchain, authoring a highly regarded blockchain industry report.

Bitcoin has now seen three weeks in the negative, its “longest running streak of losses since September 2017,” as CNBC’s interview intro noted. Despite this, Bogart outlined a bullish forecast for the long term, saying that:
“The long-term thesis is very much intact... The institutionalization of Bitcoin is absolutely occuring...Every major bank is trying to do something in the space. Either they're going to be offering Bitcoin to their clients, they're working on a cust ody platform or they're opening up a trading desk.”
Bogart suggested however that many altcoins are likely “overvalued” and “have significant headwind,” emphasizing the dangers of relative valuation. He drew a parallel between the ICO boom in late 2017 - early 2018 and the dot-com boom of the early 2000s, warning that many crypto tokens are “over-promising and under-delivering.”

Bogart said he would sell alts such as CardanoTRONIOTA and NEO, but was “neutral” and would hold EthereumRippleBitcoin Cash and  EOS.

“I’m very constructive as regards Ethereum on a long-term basis,” he said. Nonetheless, he considered that Ethereum currently has “a lot of overhang” because of the many “overvalued” tokens that are built on its platform, and suggested that Ethereum’s future will be closely correlated to the future development of the ICO space.

Bogart also noted that this has been the first sustained bear market where nobody has suggested the “end of Bitcoin.” He suggested that the reality of a deeper institutionalization of the crypto space is securing the long term “story,” and is “overall positive” for Bitcoin’s future.  

He also said that ongoing turbulence in the traditional financial sector, such as recent national fiat currency crises, is reinforcing Bitcoin’s use cases.
"Could Bitcoin trade lower? Certainly. But do I think it will be higher a year from now? Absolutely… I would bet Bitcoin ends at least above $10,000 in the year.”
Negative performance in the crypto markets for now seems to be continuing, with Bitcoin trading below $7,400 to press time, down a further 2 and half percent over the 24 hour period.

This despite increasing provisions to facilitate mainstream investment in the crypto space, notably with a recent trend to provide custodian solutions for institutional holders. The ubiquity of the ‘institutional investment will lead to a major market uptick’ narrative moved one prominent crypto commentator to protest this weekend:




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In today’s edition of Bitcoin in Brief we feature stories that show the increased focus regulators have placed on companies operating in the cryptocurrency scene and how it can adversely affect clients. FCA revels it is investigating dozens of ventures, and Poloniex tries to reassure legacy clients that their frozen funds are safe.

Poloniex Responds to Complaints

Poloniex, the cryptocurrency trading platform which was taken over by Circle earlier this year, has finally responded to complaints by its clients about frozen accounts. Stories of legacy accounts getting locked have flooded social media and cryptocurrency forums over the last week. The company now tries to reassure these clients their funds are safe and explain the matter is required by law.

“As soon as you submit this information, we will take steps to verify it and re-enable trading and transactions for your account. Please rest assured that your funds remain safe and accounted for while you complete this process – you can verify your holdings on the Balances page of your account throughout. Like all registered money services businesses, Poloniex is committed to compliance with all applicable law requiring identification and verification of its customers.”

The company also claims to have taken steps to increase the speed of the process. “We are happy to report that in the past 3 months we’ve seen a 33% increase in customers who are instantly verified, a 77% increase in customers who successfully pass our verification process, and an 85% decrease in customer waiting time for verification.”

24 Crypto Ventures Under FCA Investigation


 
Traders that are used to how things were before regulators started focusing on crypto platforms are understandably angry about the new hoops they have to jump to, but there is no doubt that the companies are under scrutiny and pressure to do so from regulators.

The UK’s Financial Conduct Authority (FCA) has revealed it is currently investigating two dozen unauthorized cryptocurrency-related ventures and has also opened seven whistle-blower reports in 2018 alone related to companies operating in this field, according to  FT. Responding to a freedom of information request from accountancy and consulting firm Moore Stephens, the FCA said on Friday that the purpose of the investigation is to determine whether these crypto companies might “be carrying on regulated activities that require FCA authorization”.

ICO Marketing Tragedy


Ask.fm, an Irish company with its base of operations in Latvia and Ukraine, has sponsored four cryptocurrency enthusiasts to climb Mount Everest and place a wallet at the summit as part of its ICO marketing campaign. Lama Babu Sherpa, one of the Nepalese natives who helped the climbers, has reportedly been missing since May 14th and is now presumed dead, according to AFP.

The team responded on Saturday: “We are now aware that one of the Sherpas who assisted our group amongst others, went missing during the descent. We wish to clarify conflicting media reports by stating that at the time of this statement being made we have not had any response from the relevant officials confirming the status of the missing Sherpa, and we are not therefore in a position to confirm if he is safe or otherwise. It would be insensitive to make such assumptions and we await, and urge the media to await, confirmation from the relevant authorities. There is no doubt that climbing Everest is challenging and dangerous…The last official update we received was that the condition and location of the missing Sherpa was unknown and it was not our place to make public statements which could have resulted in false information being circulated.”

What do you think about today’s news updates? Share your thoughts in the comments section below. 




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One of the largest Bitcoin ATM manufacturers in the world, General Bytes, has recently installed ten new cryptocurrency ATMs throughout the Prague subway in the Czech Republic. Now commuters riding the Prague Metro can purchase digital assets at various locations spread out across the fifth busiest metro system in Europe.

General Bytes Installs Ten Bitcoin ATMs Across the Prague Metro


The Czech Republic-based firm General Bytes has revealed the installation of ten new cryptocurrency ATMs spread out across the Prague Metro. The subway gets more than 1.6 million people in daily foot traffic and is one of the busiest metro systems in Europe. The General Bytes machines are located at Můstek, Nádraží Veleslavín, Dejvická, Florenc, Černý Most, Zličín, Pankrác, Flora, Skalka, and Hlavní Nádraží. Moreover, General Bytes provides a detailed map and description of each location on the website.

The new machines will likely get some use in the region as Prague is considered a booming cryptocurrency hub,  as the area is filled with quite a lot of crypto-enthusiasts. For instance, the area is home to the Crypto Anarchy Institute,  Paralelní Polis, and a few cryptocurrency businesses including the ATM manufacturer General Bytes.

General Bytes Has Manufactured 27% of the World’s Bitcoin ATMs


The Czech government is relatively friendly towards cryptocurrencies and politicians haven’t regulated virtual currencies or defined them as a currency or commodity like other nation states. However, the subject is being discussed among tax officials and the Czech National Bank  wrote a paper last year called “Don’t be Afraid of Bitcoin.” Last year the well known online retailer, Alza, added  cryptocurrency payments and installed two Bitcoin ATMs in the company’s showroom. Just three days ago one of the largest energy suppliers in the Czech Republic, Pražská Plynárenská, announced it was accepting BTC for payments.

   
With the ten new machines, the Czech Republic will now have a total of 46 Cryptocurrency ATMs and 27 of those devices are located in Prague. A large majority of the cryptocurrency automated tellers in the region are manufactured by General Bytes. On the General Bytes site where they announce the newly added Prague Metro machines there’s also a video explaining how to use the BATM 2 automated tellers.According to Coinatmradar out of the 3,122 cryptocurrency ATMs, General Bytes now has 858 worldwide.

What do you think about General Bytes installing ten cryptocurrency ATMs throughout the Prague Metro? Let us know in the comments below. 




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Mathematics questions pertaining to bitcoin have been included in recent high school matriculation examinations in the Netherlands. Approximately 200,000 Dutch students are estimated to have taken the OVW exam, a mandatory test for students seeking tertiary education in the Netherlands, which included five bitcoin-themed questions.

 Dutch High School Examinations Feature Bitcoin-Themed Maths Questions
Dutch
        High School Exam Features Bitcoin-Themed Questions  

According to a rough translation of the examination paper circulating on Reddit, students were given the following question introduction:
“Bitcoin is a digital currency that only exists online. It has existed since January 1st, 2009, and can be used as payment method in web stores and for other online services".

Bitcoin is not, like standard money, made by a central bank. Instead, all bitcoin that exist are created by having computers participate in solving specific mathematical problems. This works as follows: everyone can run special software on his or her computer that participates in solving such a mathematical problem. The owner of the computer that solves the problem receives 25 (newly created) bitcoin as a reward. Because it was the case that in 2014 such a problem is solved every 10 minutes, 25 new bitcoins were created every 10 minutes. On January 1st, there were (approximately) 12.2 million bitcoin.”

Following from the preceding introduction, students were asked to solve five different mathematical problems. The questions asked that students “calculate in what year the amount of bitcoin exceeded 18 million,” “calculate from which year on the reward will be less than one bitcoin,” “determine the maximal amount of bitcoin that can be in circulation,” in addition to posing addition problems based on the formula used to employed to solve the aforementioned questions.

Netherlands Warming to Cryptocurrency


 The test has been offered to students following increasing recognition of cryptocurrency on the part of Holland’s institutions.

During March, the Court of Amsterdam determined that bitcoin possesses “properties of wealth” whilst adjudicating a civil rights case between an individual seeking repayment from an unfulfilled contract pertaining to bitcoin mining. The court concluded that “bitcoin represents a value and is transferable” and “thus shows characteristics of a property right. A claim for payment in Bitcoin is, therefore, to be regarded as a claim that qualifies for verification.”
Earlier this month, the ambassador of the Dutch Blockchain Coalition, Rob van Gijzel, presented a national blockchain research agenda, which had been commissioned by the Dutch Ministry of Economic Affairs and Climate Policy. The ministry had created a designated committee, TopTeam ICT, tasked with analyzing the potential legal, economic, and ethical implications of distributed ledger technology in the Netherlands.

Do you think that more schools across the world will seek to integrate themes pertinent to bitcoin into examinations as cryptocurrency adoption grows? Share your thoughts in the comments section below!




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Leading US banking group and financial services firm JPMorgan Chase has recently created and filled the new position of head of crypto-assets strategy, Business Insider reported today, May 17.

London-based Oliver Harris, 29, will take the new role, reporting to the head of blockchaindevelopment, Umar Farooq. Harris will also lead JPMorgan’s internal blockchain project Quorum, which began testing by JP Morgan Chase and the National Bank of Canada last month.

According to Business Insider, Harris will be identifying and leading new crypto projects for the bank, rather than actively trading in cryptocurrencies. He will reportedly investigate crypto custody services and how blockchain could work in JPMorgan’s payments business.  

For the last two years, Harris has been leading JPMorgan’s In Residence program, which identifies and partners with fintech startups that the bank finds promising.

Daniel Pinto, co-president of JPMorgan, has recently taken a positive stance on cryptocurrencies in an interview with CNBC, claiming that the “tokenization” of the financial system is “real”, with “many central banks looking into” it. However, Pinto stressed that crypto adoption is not possible in its “current form”.

In general, the investment banking giant has been skeptical of cryptocurrencies. JPMorgan banned its customers from crypto purchases with credit cards back in February, in addition to including cryptocurrencies to the “Risk Factor” section of its 2017 annual report to the US Securities and Exchange Commission (SEC).

Last year, JPMorgan’s Chairman & CEO Jamie Dimon called Bitcoin (BTC) a “fraud” and claimed that he would fire any employee  trading BTC on the company's accounts. Dimon soon reversedhis position in January, admitting that he regretted his earlier statements and adopting a lukewarm stance toward crypto. Dimon said he is, “not interested that much in [crypto] at all.”




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On May 15, 2018, the Bitcoin Cash (BCH) network upgraded the chain’s base block from 8MB to 32MB. The software advancement makes blocks big enough to process lots of transactions over time — which gives developers plenty of breathing room to adjust the if it starts getting closer to its limit. Unfortunately, many misdirected individuals assume the BCH chain will start processing 32MB blocks right away, which could lead to a blockchain that’s much larger in gigabyte and takes longer to download. However, this is not the case right now at all, because BCH miners process blocks that are often still under 1MB, as the 32MB code is only set to ensure the network is capable in the future.

The Successful 32MB Block Size Increase Paves a Path for Mass Adoption

After the Bitcoin Cash network upgraded yesterday and even before the fork, a few misguided individuals asked why there was a need to raise the block fourfold when 8MB blocks were not filling just yet. The reason developers raised the limit to 32MB is likely because the software is perfectly capable of handling such a task in the future.

Right now block limits are set by the miner, and developers are there to help set the capacity so blocks cannot get full in the immediate future, and fees will remain low for quite some time. Unfortunately for the Bitcoin Core (BTC) network, Core developers let the block fill beyond capacity, and fees became unreliableduring the last quarter of 2017. The 32MB BCH block adjustment ensures this will not happen to the BCH network down the road, even when transaction usage becomes as extreme as 2017’s last quarter.

32MB Blocks Means Bitcoin Cash is Prepared for Mass Adoption
The Bitcoin Cash (BCH) community and developers are not afraid of forks and protocol upgrades. The May 15th upgrade is the second successful hard fork on the BCH network.

Looking at BCH blocks on Coin Dance — a website which records BCH chain data currently shows that mining limits are being set by the mining pool. Over the past nine months, there have been a few 2,4, and 8MB blocks processed, but typically blocks have been a megabyte or less. So in essence, once miners decide its necessary to increase the blocks they process, they will do so based on transactions and adoption increasing over time. In fact, current data also shows the Bitcoin Core (BTC) chain is still 34.4GB larger than the Bitcoin Cash chain.

 Transaction Data Shows Daily BCH Transactions Has Increased by 186% in Nine Months  

At the moment Bitcoin Cash transactions per day are less than BTC as there are roughly 20-25,000 daily BCH transactions. But there’s also been a misdirected notion that the BCH chain isn’t getting much use, but this is simply untrue as data shows over the past nine months that BCH daily transaction percentage rates have increased.

The decentralized currency BCH has seen a steady incline (186%) of use since the August 1 fork and the expansion of BCH transactions are now only5-10,000 transactions less per day than the Litecoin (LTC) network — a cryptocurrency that has been around for 7 years. This is due in part to many Bitcoin Cash-based on-chain platforms like the tipping bot Tippr, the social media apps Memo and Blockpress, and other applications that help increase BCH usage.

In just nine months Bitcoin Cash has more than doubled its transaction count, and the BCH daily transaction rate is just below LTC’s daily transactions per day.

32X the Capacity is Merely Preparation for the Future of Bitcoin Cash Adoption

Essentially the bottom line is the software is now capable of processing 32MB blocks as it was previously capable of 8MB blocks. So far BCH miners had proven the capability of mining much larger blocks than 1MB multiple times, clearing thousands of transactions from the mempool. After the successful fork on May 15, some BCH supporters are already asking developers to remove the block limit entirely.

Moreover, we know from testing that the Bitcoin software is capable of processing gigabyte blocks, and research studies further suggest the network could handle terabyte blocks as well. Unlike other digital asset developers, BCH programmers have set the bar high for capacity based on the known advancements in scaling a cryptocurrency network. Instead of saying “we don’t need to scale now,” the 32MB increase establishes a base block that can efficiently handle 32X more transactions than the BTC network’s highest daily transaction rate recorded this past December.

What do you think about the 32MB block upgrade? Do you think that the developers should remove the capacity limit entirely? Let us know your thoughts in the comments below.




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With HTC entering the race, a second cryptocurrency supporting smartphone created by a major electronics manufacturer is now on its way to the market. Could this be the start of a trend by all device makers to embed features such as hardware wallets into phones to help increase sales among more tech savvy consumers?  

Exodus From Fiat to Crypto
 

Taiwanese consumer electronics manufacturer High Tech Computer Corporation or HTC (TWSE: 2498), will release its own cryptocurrency-focused smartphone. The company has announced it is developing a “blockchain-powered” device that will be based on Google’s Android operating system which will be named Exodus.

The phone is expected to contain a universal wallet and a “built-in secure hardware enclave” supporting cryptocurrencies and dapps (decentralized applications). HTC reportedly also wants to create its own network with each phone serving as a node to facilitate trading within it. Finally, the company is examining the possibility of selling the device for cryptocurrency as well. “Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Phil Chen who is responsible for the development told Thenextweb. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”

Cryptocurrency Support as Killer App


HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus  

If you follow the electronics market carefully, you must know that HTC has not been doing so well in recent years despite creating some great devices. In that context it is possible to imagine that the company is betting on a cryptophone to give it a more edgy brand to attract privacy-minded young people and the more tech savvy crowd.

However, other companies have explored the field before HTC and it is thus possible that many more will soon feature built-in cryptocurrency support in their devices.

Earlier this month we reported on the technical details that have emerged about Sirin Finney, an ultra secure mobile device promising to keep your cryptocurrency transactions private. The phone will feature an embedded cold storage wallet, and will be built by the same company that builds the iPhone, Foxconn. And back in March of this year, the Chinese smartphone maker Huawei was rumored to be in serious talks with Sirin Labs about the device too.

How long until all new phones will support crypto as default? Share your thoughts in the comments section below. 




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JPMorgan co-president Jerry Pinto confirmed the bank was “looking into” the Bitcoin space May 16, saying cryptocurrency “will play a role” in the future.

Speaking to CNBC over two interviews, Pinto, who could be in line to succeed CEO Jamie Dimon, said that JPMorgan is able to trade  Bitcoin futures but has not yet opted to do so.

“We are looking into that space. I have no doubt that in one way or another, the technology will play a role,” he responded when asked about trading Bitcoin-based products.
“If we need to clear futures of bitcoin, can we do it? Yes. Have we done it? No.”
Pinto’s neutral stance continues the investment banking giant’s somewhat mixed signals about Bitcoin in 2018.
Despite banning customers from purchasing cryptocurrency using its credit cards, senior executives - including the once infamously bearish Dimon - have variously spoken out about the beneficial aspects of both Bitcoin and blockchain technology.

Pinto, too, sees the future of the economy incorporating aspects which were born with the mainstream entry of cryptocurrency.

“The tokenization of the economy, for me, is real,” he continued.
“Cryptocurrencies are real but not in the current form.”
JPMorgan is working on blockchain integration, Cointelegraph reported earlier this month, filing a patent for real-time p2p interbank transfers using the technology.




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Popular crypto payment processor, Bitpay, announced formal agreement with Florida’s Seminole County Tax Collector, Joel M. Greenberg. Bitcoin core (BTC) and bitcoin cash (BCH) can now both be used for tax payments, beginning this summer. County residents can pay in crypto for driver licenses, ID cards, and even property taxes

Bitpay Allows Enthusiasts in Seminole County, Florida to Pay Taxes in Crypto

File under: bitter sweet. Joel M. Greenberg, Seminole County Tax Collector, explained, “We live in a world where technology has made access to services on demand, with same-day delivery and the expectation of highly efficient customer service and we should expect the same from our government. The aim of my tenure in office is to make our customer experience faster, smarter, and more efficient, and to bring government services from the 18th century into the 21st century and one way is the addition of cryptocurrency to our payment options.”

Bitpay Enables Bitcoin Cash (BCH) and Bitcoin Core (BTC) for Tax Payments
Mr. Greenberg

Cryptocurrency isn’t necessarily moral nor immoral. It is an amoral technology, a tool. It can be used for terrorism, vacation getaways, housing, and, now, taxes. As governments are wont, they’re usually immune from innovation. But when it comes to revenue collection they’re surprisingly spry, alert, on it. Paying taxes by credit or debit has been a thing for a while, but always involved processors taking a heavy cut. The advent of crypto and the Bitpay Visa does away with a great many previous frictions, making the expropriation experience win-win: enthusiasts don’t have to do yet another conversion, and governments save in fees.

Holding Noses, Simplified

Head of Compliance at Bitpay, Jeremie Beaudry, detailed, “Bitpay was started because we recognized the potential for blockchain to revolutionize the financial industry, making payments faster, more secure, and less expensive on a global scale. With the Seminole County Tax Collector’s office, we have engaged our first government agency to accept bitcoin and bitcoin cash by making it easy and seamless for them.”

And though the broader crypto community has its issues with funding governments, paying them shouldn’t be any more cumbersome than need be. Bitpay and Seminole County teamed to allow bitcoin cash and bitcoin core for pretty much everything: car tags and titles, licenses, even property tax.

The county tax collector gets their money settled by the following business day, paid directly to the account in fiat. The local government is spared notorious price volatility and the usual risk associated with crypto. As Bitpay’s press release insists, through a “push transaction, the user sends the exact amount of bitcoin or bitcoin cash needed to pay the bill. This eliminates traditional credit card fraud and identity theft risks associated with credit cards.” The company’s fees are also better than merely competitive, as 1% per approval is way below market rate. And for those wishing to pay their taxes, the processor can be accessed through traditional computers or smartphones.

Is the ability to pay taxes with crypto a good way to increase overall adoption? Let us know what you think about this subject in the comments below.




alfwesh22

The crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and the prohibitions.     

Central Bank Can’t Ban Cryptocurrency in Pakistan

Pakistan’s experience with cryptocurrencies offers another example of how ineffective financial authorities can be when trying to fill a legal vacuum with prohibitive administrative measures. Central banks often forget they are neither parliaments, nor governments, and their regulatory overreach cannot legitimately substitute the normal legal process. The recent decision of the State Bank of Pakistan to ban crypto-related activities proves that observation.

In early April, the SBP issued a circular on the “prohibition of dealing in virtual currencies”, right after a similar measure by the Reserve Bank of India, the regional rival. Unlike their Indian colleagues, who gave banks and traders three months to comply, Pakistani central bankers imposed the ban with immediate effect. SBP said virtual currencies and tokens were not legal tender and reminded it had not authorized any individual or entity to issue, sell, purchase, or exchange any such coins in Pakistan. All banks, microfinance entities, payment system operators and service providers were “advised to refrain” from dealing in cryptocurrencies.

The local market is by no means comparable to India’s booming crypto sector. According to Danyal Manzar, CEO of Pakistan’s first bitcoin exchange Urdubit, about 100 different digital coins were being traded daily across all mediums before the ban. His trading platform decided to close down permanently following the prohibition. “The decision was made in haste. Ample time should always be provided for a proper shutdown. But we respect the SBP’s decision,” he told The Express Tribune.

Immediately after the ban, Urdubit warned its clients to withdraw both their fiat and their crypto funds. A month later, however, some of its users still have bitcoins in their accounts on the platform. Manzar believes that those who want to trade will continue to do so because “alternative ways still exist that will continue to be tapped no matter how risky they are.” He thinks that cryptocurrencies would only disrupt the stock market, and not the entire monetary system. “About 80 to 85% of the traders from stock exchanges came to try their luck in virtual currency,” he said.

Localbitcoins PKR Trade Spikes After Ban

Recently, Pakistani crypto traders told Asia Times that the central bank’s move initially caused a dip in the crypto market but the volume of trading has gradually picked up after alternative trading methods were discovered.
“Traders realized that the SBP hasn’t, and can’t ban cryptocurrency in Pakistan,” Lahore-based trader Majid Ali commented. “What the State Bank has done is ban banks from entertaining crypto, so if you’re not dealing via banks, you [still] can own and trade virtual currency in Pakistan, which comes under the IT ministry,” he explained.

Indeed, as the chart of the weekly Localbitcoins volume from Coin Dance shows, trading has spiked after the release of the circular. It peaked in the week of April 28 to more than 163 million Pakistani Rupee (>1.4 million USD), almost reaching December-January all-time highs.

The price of Pakistan’s first and only cryptocurrency, Pakcoin, which was explicitly mentioned in the SBP’s prohibition, has also jumped – by over 60% since the ban. Pakcoin founder Abu Shaheer says that the central bank’s measure has actually worked in favor of his crypto by “serving to expose Pakcoin’s name [and] more people got interested in it.” The digital token is already used for mobile phone credit top-ups.


Islamabad to Prohibit “All Forms of Virtual Currency” After All

Sources from Pakistan’s Ministry of Information Technology and Telecommunication have told Asia Times that the government in Islamabad does plan to formally declare cryptocurrencies illegal in the country. “We have forwarded our recommendation for a ban on all forms of virtual currency trading, and proper legislation is being worked on,” a government official said.

According to crypto trader Majid Ali, however, while the legislation is likely to hit trading, there are alternatives for dealing with cryptocurrencies. “The government of Pakistan can’t stop the trade in an international commodity that is accepted in other countries,” he said. Majid also warned that the ban actually opens transfer channels that can be used for illegal purposes.

Do you think that bans imposed by central banks can really stop cryptocurrency trade? Tell us in the comments section below




alfwesh22

The number of new cryptocurrency exchanges is rapidly growing worldwide. This new crypto exchange roundup features four platforms located in South Korea, Thailand, Vietnam and the Philippines.

South Korea’s Coinbit 

South Korean game developer Axia Soft Co. Ltd. has recently launched a crypto exchange called Coinbit.

 For its grand opening, the exchange is offering zero commission trades until the end of May.
Coinbit says 50 cryptocurrencies will be listed initially and more than 100 coins will be listed by the end of the year. Among supported cryptocurrencies are bitcoin, ether, ripple, bitcoin cash, ethereum classic, litecoin, waves, stox, eos, vechain, omisego, qtum, and neo

Thailand’s Jibex
 

Cryptocurrency exchange Jibex has recently opened its doors in Thailand.                                                          

The exchange is backed by IT company J.I.B. Computer Group Co. Ltd, a distributor and seller of computer hardware and IT trading products with 150 stores nationwide.

Initially, only five cryptocurrencies will be supported: bitcoin, bitcoin cash, ether, litecoin, and ripple. More will be added in the future, according to Jibex CEO Thuntee Sukchotrat. The exchange also offers a wallet supporting those five cryptocurrencies.

For the grand opening, Jibex is waiving its commission of 0.24%. No trading fee will be charged for 45 days ending on June 26.

Jibex Chairman Dr. Thantharaksuk Chotirat commented:
The partnership with J.I.B. Computer Group (JIB) will give users peace of mind and confidence in their investment. The service is good, fast and attentive to all customer needs
Vietnam’s Kenniex
 

Kenniex crypto exchange has recently launched in Vietnam, headquartered in Ho Chi Minh City.

The exchange claims to be “the first live cryptocurrency exchange in Vietnam…[and] the first e-money trading platform in Vietnam to have a trading office where investors can experience our services as well as receive effective investment advice,” according to its website.

Customers can currently convert bitcoin and ether into VND and vice versa. The transaction fee is usually 0.4% but has been reduced to 0.2% for the first month of launch, according to local media.

The Philippines’ Coinvil
 
While Coinbit, Jibex, and Kenniex have already launched, this next exchange has not. South Korean blockchain technology and services company Glosfer and Coinvil have agreed to collaborate to build and launch a cryptocurrency exchange in the Philippines. Glosfer will build the platform while Coinvil will operate the exchange. Coinvil CEO Park Rae-hyun commented:
The Philippines will become the largest cryptocurrency trading market that connects Europe and Asia.
Do you think the number of new cryptocurrency exchanges will keep growing? Let us know in the comments section below.




alfwesh22

The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin.

$2.5 Billion Capital Flight
Mohammad Reza Pourebrahimi, the Chairman of the Economic Commission of the Parliament of Iran, was quoted saying last week by Ibena.ir news agency:
Based on the existing data, few people in Iran are cryptocurrency users and more than 2.5 billion dollars has been sent out of the country for buying digital currencies.
$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies
Central Bank of Iran building.

He previously told Isna newspaper that Iranians had transferred $30 billion out of the country over the few months ending March. “Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,” Radiofarda explained.

The chairman’s statement came on the heels of the Central Bank of Iran (CBI) banningbanks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.

Iran’s National Cryptocurrency


$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies  

Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, recently confirmed that an experimental local cryptocurrency has been developed and a test model was ready.

However, in an interview with Ibena.ir last week, Pourebrahimi said that “No virtual national currency has been designed in the country at the present [time].”

Nonetheless, he explained that Iran’s national crypto can “facilitate economic deals and circumvent sanctions,” the news outlet conveyed. Citing that “the future of the world economy will be done on digital currencies,” the chairman was quoted asserting that the national cryptocurrency “can pave the path for multilateral currency swap agreements between Iran and countries which are enthusiastic to have economic cooperation with Iran but they couldn’t have it so far owing to the sanctions.” He also elaborated:
The structure of the cryptocurrency should be suitable for economic activity and be acceptable at the international level simultaneously.
Pourebrahimi believes one of the benefits of cryptocurrencies “is [the] absence of [the] American regulator,” which he admitted can circumvent sanctions. His statement echoes Azari-Jahromi’s statement made last week that “All cryptocurrencies have the ability to circumvent sanctions because they are not under the supervision of the US financial regulator.”

Meanwhile, U.S. President Donald Trump has withdrawn the US from the 2015 Iran nuclear deal by restoring sanctions on Iranian oil exports.

What do you think of Iranians spending $2.5 billion to buy crypto abroad? Let us know in the comments section below.




alfwesh22

There has been a time when a saying was popular on Wall Street: “when Warren Buffet speaks, you listen.” Now Wall Street is better not to listen, if they do not want to become history faster than Kodak or Blockbuster.

The media are going mad reporting the latest senseless rants from Warren BuffetMunger and Bill Gates, just to name the last few. The usual barrage of senseless observations, wrong assumptions, popular, but wrong and ignorant distinctions between "the technology behind Bitcoin" - which is good and everyone on the Street loves it - and the rest which is obviously very bad or just plain insults to the whole crypto community - as if instead Wall Street is populated only by honourable gentlemen and philanthropists.

Shall the crypto community start trading insults with them? Shall we respond?
No we shall not. For they are slowly becoming the past at an accelerating pace and they do not understand it. Besides, they know nothing about Bitcoin. It is like asking a rugby player to dance the ballet's classic "pas des deux". It is pretty unlikely that the player will know how to dance the ballet.

It is worth repeating again and again what Bitcoin is (with capital "B" the protocol), what bitcoin is (with "b" the money), that Bitcoin was the first ever Blockchain, that it is today the largest, open, peer to peer system of payment without intermediaries and without central point of failure, that it incorporates "a planetary scale, self evident, thermodynamically guaranteed system of trust and immutability", that it is tamper and censorship resistant, that it is resistant to geopolitical manipulation, that lives by consensus and has the features of money and that all this extraordinary complexity put together will change the world we live in and will be the backbone of this coming digital or 4th industrial revolution? No, these are words wasted on them, because they represent the establishment and they are either too much ingrained in the current system to be able to see something different coming or they have too much vested interest in it to be able to acknowledge it.

They prosper in a system which is based on custody, control, intermediary chains, oversight, cronyism, centralized trust and manipulation. Bitcoin has none. Bitcoin is an alien to them.

The last time that Warren Buffet made very serious money has been with the financial crisis in 2007-2008. When millions of people lost their lifesavings and the hope for a decent future life he made more than $10 bln. By its own admission, this is not because he is a great investor:
"If I didn't think the government was going to act, I would not be doing anything this week. I am, to some extent, betting on the fact that the government will do the rational thing here and act promptly."
Buffet told the above to CNBC after investing $5 bln in Goldman Sachs. Sure enough the US government did just that.

So you see, you do not have to be an "oracle" to profit from stocks of companies which you know will be saved with public money when you are pals with the President, the Treasury Secretary and the Fed Chair and they can guarantee that to you. There are few in Wall Street who can represent more egregiously today's crony capitalism than Warren Buffet.

B(b)itcoin stands tall as a symbol against all that. Obviously he does not like it.

Of his despisal we must be proud. WE, the Crypto community, see a different world coming, WE hope to move away from this crony capitalism to a decentralized, open, trusted and democratized capitalism based on more honest money (just like Bitcoin). 

So the message here is not for the Buffets´ of this world, it is for the crypto community of young and bright technologists and entrepreneurs. It is an appeal to stop bickering about which technology is better than the other. Do not waste your time in internal battles that only delay the progress. This is not a religion or a dogma. Yours is a fundamental contribution towards a better future, towards a better world. Put your heads down and whatever you do keep doing it together to improve the Bitcoin´s fundamental pillars of: (i) real decentralization and openness (ii) an inbuilt system of trust and immutability which must be highly resilient to coercion, censorship, geopolitical manipulation and tamper and (iii) cryptographic encryption. Whatever will be the solutions adopted to improve on that, then the result will bring progress to humanity as a whole.

The Buffets´ of this world will be soon the past. For it is a question of when, not if, the NYSE and the NASDAQ Blue Chips will start tokenizing their shares on crypto exchanges, when there will be no more IPOs but only STOs, when VC firms will bring their illiquid portfolios to crypto exchanges to be tokenized and when - in only a couple of years from now - the tokenization will be a trillion dollar industry, then also Berkshire Hathaway will do what Goldman Sachs is doing today, forming a crypto desk and buying tokens. 

The irony is, to be able to do that, they will have to buy bitcoin. 

Then, suddenly, it will all make sense to old Buffet as well.




alfwesh22

The owner of the New York Stock Exchange (NYSE) is mulling letting customers buy and hold Bitcoin, The New York Times reported late Monday, May 7. The move would be the second Wall Street giant in a week to reportedly open up to crypto.

As the New York Times reports, citing “emails and documents” as well as four anonymous sources, NYSE owner Intercontinental Exchange (ICE) is planning to offer traders contracts that eventually result in customers owning the cryptocurrency.

The news comes just days after the publication quoted a Goldman Sachs executive, who appeared to confirm the bank would debut Bitcoin futures “within weeks”.

ICE “has had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning Bitcoin the next day — with the backing and security of the exchange,” the Times wrote late Monday.

Should the move go ahead, ICE and Goldman would join an increasingly large chunk of traditional finance engaging with cryptocurrency. Other recent players now include NASDAQ, which announced it would be “open” to establishing a cryptocurrency trading platform in future.

The positions further contrast sharply with contradicting industry perspectives currently hitting the headlines, such as comments from Berkshire Hathaway CEO Warren Buffett, who this week  likened Bitcoin to “rat poison.”

Bill Gates meanwhile adopted a more curious halfway position, telling CNBC yesterday that although trading Bitcoin was a “greater fool” activity, he would still “short it if there was an easy way to do it.”




alfwesh22


A URL shortening service is a third-party website that converts that long URL to a short, case-sensitive alphanumeric code. Simply put, this means that a URL shortening service takes ridiculously long URLs (web addresses) and makes them short. Technically speaking, a URL is created manually or automatically by your web application, so when people connect to your website the server will know which page to direct the user. As a key part of your web presence, there are several good reasons for using URL shortening.

Why Should I Shorten my URLs

Aesthetically Pleasing: First and foremost, shrunken links look better than their longer counterparts. Web developers will sometimes pass attributes into a URL to a dynamic website, so that the website will return specific information about that attribute. For example: Amazon.com, one of the biggest online retailers in the world, uses their URLs to pass requests to their server when you make a search request. This makes it easier for outside requests to lookup information on their system. Take the following URL example:

Now let’s break it down. The first part of the URL is pointing to the Amazon.com servers (http://www.amazon.com/), while the second part of the URL gives the server instructions on what item I am looking for. In this example, you can discern part of the title and composer, the ASIN number (Amazon’s internal sku), category, keyword information, as well as some other information that perhaps only Amazon.com can decipher.

Promotes Accuracy: The Amazon.com example is a common technique among dynamic websites. As you can see, it is harder to memorize or distribute something that long. So your only option is to copy/paste the URL to maintain some semblance of accuracy. You also may need to provide a rather long URL but have finite space to do so, like on an advertisement piece or business card. Shorter URLs will allow you to communicate the correct page link without worrying about space constraints. To stay accurate, but gain even more space, you could turn that shorter URL into a QR code so those with QR scanners on their mobile phones can just scan the image. The shorter the URL, the less dense the QR code will be which also improves accuracy.

Create Your Own URL Brand: Your business can also benefit from a URL shortening service. Using a URL shortening service would allow you to possibly have your own short URL brand and would allow you to track who is using the URLs created. Learn more about tracking in the next section.
Some URL shorteners allow both individuals (for free) and companies (for a fee) to have their own custom short domain name. Some of the companies that use this service are: The New York Times (nyti.ms), The Wall Street Journal (on.wsj.com), Politico (politi.co), TechCrunch (tcrn.ch), etc.

How Do I Shorten My URL?
Thanks to URL shortening services like zii.bztinyurl.com and bit.ly, long URLs can become much smaller and easier to share. Although tinyurl.com is one of the oldest URL shortening services, it has been replaced in popularity by bit.ly, while zii.bz is a newly introduced platform with wide functions. All services allow users to customize the short URL as long as no one has ever used the same alphanumeric combination before. Bit.ly became popular because it was adopted by Twitter in 2009 for being able to provide shorter URLs. Twitter eventually replaced Bit.ly with their own in-house system, t.co. In fact, many social media sites and applications (HootSuiteTweetdeckSproutSocial, etc.) automatically convert your long URLs to shorter ones so that you don’t even have to think about it.

However, zii.bz still has some advantages over other services. With zii.bz you can monitor how many people use the shortened link. When people visit your website, you can get all sorts of analytic data to determine who the audience is and how they got to your site. With URL shortening services, like zii.bz, you can get similar data for each URL link. You will be able to determine precisely when people clicked the link and how many clicks by year, month, week, day, or even the hour visited. You will also be able to determine the source of clicks, such as your Twitter feed or Facebook feeds. You can even determine how many people from each country around the globe clicked that link.

With my Amazon.com example you can see the benefit of different URL shorting services firsthand. Here is that same URL above, shortened with the different services:

Some companies opt to do this shortening themselves. Amazon.com does not publish information about their shortening service, but some people have been able to figure out if you use their amzn.com shortening URL with their own ASIN number (sku), you can get a short URL. So again, with my example above, that URL would be http://amzn.com/B0000058HT. At 26 characters, it is not shorter than the other services, but it may be more convenient and more obvious for Amazon products. But if you don’t have the ability to run your own URL shortening service, it may be wise to look into a service like bit.ly with their custom short domain options to define your brand.

Should I Ever Use Long URLs?
Long URLs still serve an important purpose. Some websites choose to make their URLs (and URL attributes) more human readable and thus more SEO (search engine optimization) friendly. While short URLs will be easier to send out to your social network followers, longer URLs will be more descriptive when search engines decide to crawl your site. So in reality you need to implement both strategies. A long URL can tell you a lot about the content of a page




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