Bunz Trading Zone is a Canadian online trading and barter platform. According to the local paper “The Globe and Mail,” the platform is launching its own cryptocurrency under the name of BTZ. BTZ is pronounced as “bitz” and as it’s reported, BTZ is going to be the first Canadian cryptocurrency to launch to ‘an already-established community’ and will become available to 200,000 users of the company from 9th April.
Bunz Trading Zone
The Bunz community grew rapidly after its launch. Bunz was basically launched as a private Facebook group in 2013 by Emily Bitze (fashion designer) for exchanging unused things with friends and after the launch, it expanded outside Facebook and Toronto. The Bunz website, plus app, were launched two years ago.
According to the Globe and Mail reports, the platform expanded rapidly due to its minimalism and the absence of cash. Though, the currency’s absence based on barter platform, has offered one of the biggest challenges to Bunz as well. Without an exchange of currency, there won’t be an evident income stream.
Bunz Users Will Receive 1,000 BTZ
After this latest cryptocurrency news, the project’s blog showed details that all Bunz users will be receiving 1,000 BTZ respectively, which can be traded for goods and facilities and can be exchanged amid the members of the community. Basically, the 1,000 BTZ will have the value of about ‘three coffees’. Sascha Mojtahedi, who is the CEO Bunz Trading Zone says, that the company has planned a revenue model, however, he refused to say anything about what it is or when it is going to be introduced.
Mojtahedi said that the main purpose of the BTZ launch is to grab the attention of more users to the platform, as he stated:
“You have to be able to reward people with cryptocurrency that they’ve earned as a result of their passive involvement in the network and then enable them to use it with their peers and merchants. It gives us the room to create new models that people may not have thought of.”
Also, at the beginning of this year, known as an e-commerce giant of Japan, Rakuten announced its plans to issue its own cryptocurrency. Hiroshi Mikitani (CEO) said that it’s going to be a borderless currency.
World’s biggest community of Bitcoin miners, China, is cracking down on cryptocurrency. A proactive step has been taken by regulators for shaping the stratospheric increase of Bitcoin. According to President Xi Jinping, there’s been booms and busts in the economy for a decade. As a result, the role of China in the cryptocurrency’s world is going down.
Is it allowed to trade Bitcoin in China?
Bitcoin can be traded only in over-the-counter markets. According to some analysts, it is a slower process that increases the credit risk.
Is China anti-cryptocurrency?
Not really. A bank named “The People’s Bank of China” has run trials of its own prototype cryptocurrency, as it is a prime step to being the very first central bank, that is going to issue digital money.
What is China doing exactly?
Well, China banned initial coin offerings (ICOs), that are equal to initial public offerings for new virtual currencies. Later, it stopped local exchanges from trading cryptocurrencies and also delineated proposals to dampen bitcoin mining. Then it moved to Chinese companies that were listed in abroad skirting to stop its domestic ban on ICOs. Now it’s intended by the officials to block the domestic access to mobile apps and other online platforms that offer such services for cryptocurrencies.
Companies that promote themselves as blockchains, to boost their shares are also being targeted by domestic stock exchanges. It’s a part of an effort by agencies like China’s Ministry of Industry and Information Technology, central bank and the cyberspace administration.
What is the reason behind the crackdown in China?
Cleaning risks from financial markets have been government’s statement for almost two years, but there’s been no clear explanation yet. The thriving shadow banking sector is also among the main concerns of the government, although digital currencies also provide a way to move money out of China.
Where else are officials clamping down?
South Korean is known as the home of most of the frantic cryptocurrency trading. Some banks are being inspected because of the allegation of money laundering and the country is considering to close such cryptocurrency exchanges. Also, in the past year, the U.S. Securities and Exchange Commission started to work fast on digital token sales.
What’s the effect of China’s actions?
Because of inexpensive power and cheap labour, miners gathered to China, but now they may have to look somewhere else. Bitmain is running China’s two major Bitcoin-mining collectives and is setting up district HQs in Singapore. The #3 mining pool, also known as “BTC. Top” is also opening a facility in Canada. Wallet services and bitcoin exchanges in the country are also leaving. Also, they’re setting up over-the-counter shops in Hong Kong and in other areas of Singapore/South Korea.
What about cryptocurrency prices?
The prices appeared to shrug off the news of increased regulations in China. However, according to analysts, the growing tide of regulation has a hefty impact on digital currencies and it’s also helping in explaining the hefty losses since the starting of 2018.
Story credit: fortune.com
Image Credit: BitNews
Before we come to the point, and talk about the cryptocurrency hedge fund let’s know what actually a hedge fund is:
“It refers to an offshore investment fund, that attracts investment in stocks, property, or other such ventures using credit or borrowed assets. A hedge fund is usually based on a private limited partnership.”
How did it all start?
The use of hedge funds witnessed a dramatic growth since the start of the 21st century. A hedge fund is usually a basic term used for an investment which is totally partnership based. It is a kind of agreement between two people, one might be a fund organizer or a sort of manager with vast experience, and the other one is an investor investors who acts as a limited partners. These two people pool their expertise and money respectively to form a hedge fund.
The basic purpose of a hedge fund is to purpose is to boost up the investor’s returns and get rid of all sorts of risks involved in the financial venture. Usually hedging tactics are utilized to reduce risk. Since many private hedge fund companies are closely tied to the founder personally, there is always a question about these funds that either they have a market capitalization or not?
What is a Cryptocurrency Hedge Fund?
With the passage of time cryptocurrency has become a popular mode of payment over many online platforms around the globe. It could not even escape the attention of hedge fund managers, Although many financial experts were too slow to recognize cryptocurrencies as a trustworthy area of investment, some hedge fund managers did not miss the chance from making moves in the crypto world. As the interest of investors increased, the launch of crypto based hedge funds also climbed up. The number of cryptocurrency or blockchain based hedge funds swa a continuous increase over the course of 2017.
The year of Exit for Hedge Funds
No doubt the cryptocurrency based hedge funds witnessed a continuous rise during the year 2017, but unfortunately the case is not so in 2018. According to many financial experts it may prove to be the year of exit for that kind of hedge funds. As a proof to that at least nine cryptocurrency based hedge funds have been closed down in the first three months of 2018 which is not an ordinary incident. All this was revealed in a report published by Bloomberg.
Crowd Crypto Fund and Alpha Protocol are at the top of this list. Crowd Crypto Fund closed down all of its platforms. Alpha Protocol on the other hand simply announced a refund to its investors which was completed on March 31.
But the valid point behind all that discussion is that cryptocurrency based hedge funds are not the only funds that met this fate, the traditional hedge funds which were more firmly established during the past few years also witnessed a visible decrease in interest from investors.
Do not forget to comment in the specified section below about this down fall of cryptocurrency based hedge funds.
Just a couple years ago, Tor was something known only by tech-geeks. However, since leaks about the surveillance strategies of US and UK spies have arisen, Tor has become a target of criticism, accusations of promoting a “dark web” of pedophiles, drug dealers, and arms traders.
What is Tor?
The Tor project is a non-profit association that allowed users to browse the internet anonymously. It is intended to stop individuals – including government organizations and partnerships – from knowing of your location or learning about your browsing traditions.
The Tor network conceals your identity by moving your traffic across various Tor servers while encrypting the traffic. This makes it almost impossible for anybody to recognize the source of the data or region of the web client.
Tor’s software package, the Tor browser bundle can be downloaded easily and does not require any setup procedure. Although, you’ll experience a much slower internet than usual due to the number of relays your data goes through.
Who created Tor?
It was originally developed by the US Navy and received 60% of its funding from the State Departments and Department of Defense, along with several other backing bodies.
When it was initially launched in 2002, the project’s main focus was on securing every internet users’ privacy from corporations over governments.
Related: How to use Tor browser on iPhone
Who uses Tor?
Tor users fall into four main groups:
- Normal users looking to just keep their browsing activities concealed from websites and advertisers
- Cyber-spying concerned users that do not want their personal information to be tracked by any corporation.
- Journalists and activists in countries with restrictions on the internet.
- Whistleblowers can leak information to journalists while maintaining their privacy and having the freedom to express their true opinions.
The dark side
Regardless of all its perks, everything has its drawbacks as well. It is important to be fully aware of what you click on while browsing with Tor. While many sites are socially acceptable or legal for that matter, others are known for having disturbing content. Stumbling upon such a web page showcasing criminal behavior or anything of that sort could land you in serious trouble.
Additionally, along with cloaking your identity Tor is also able to host websites, which means these sites are only accessible by people on the Tor network. These are known as criminal sites or in more obvious words “the dark web”. The FBI and NSA have tracked down many of such sites, promoting disturbing content, drug purchases, illegal arms trading and much more.
We’re in an era of free-flowing data available to us with just a click of a button. Moreover, the internet is expanding on a daily basis and its depths are still unknown. With Tor becoming more widely used by internet users, the FBI and NSA have become more persistent in attempting to crack the network. In the end, it all depends on the user and for what activities they use Tor.
Image credits: i-novice.net
Peer to peer
Being the most popular decentralized cryptocurrency, bitcoin is an online version of cash. This independent, peer to peer version of money is not directly connected to ready money. You can not buy it at ease. You will have to use different online exchange sites to transfer or convert your cryptocurrency to fiat currency.
Pay pal has been the biggest ally for bitcoin for quite some time. It allows you to easily and quickly convert your bitcoin amount to fiat currency- USD or any local currency you wish for.
But not all of these sites are safe and convenient to work at. These cryptocurrencies- bitcoin is decentralized. Means, they can not be traced. The biggest con of this feature is that it can create a lot of fraud and scam during the transfer. The risk is pretty much very high. Buyers can complain that they didn’t receive the bitcoin in the transaction. And the seller will not be able to prove his verdict that the transaction was performed. In result, he will have to refund or reperform the already done transaction. The transaction fee of these is comparatively higher too.
How do I send my bitcoins to pay pal?
Payticoins.com provides a secure, easy and free transaction of these cryptocurrencies. Bitcoin being abstract, they believe in reducing the gap between these currencies and the users- you!
They want to revolutionize the way in these crypto coin exchanges are being done around in lots of companies. So, in order to provide secure yet anonymous transactions, PaytiCoins.com aims to aid this revolution of crypto coins in the world today.
Why PaytiCoins Exchange?
Though there are a number of platforms supporting the transaction today. The choices and compromises lay side by side for you to choose from. But why choose Payticoins? So, here are some of the whys:
- A large number of companies and operators is maintained, for you to choose for the exchange.
- With exchange time as low as 1 minute to 5 minutes.
- Making sure there are low commission rates, varies depending on the company you perform the exchange with.
- 10% referral value to the clients in their referral link through our referral system.
Paypal to Bitcoin- Step by Step
For the transaction, there are few easy and remarkably effortless steps you will need to follow.
- Open the page to PaytiCoins.com from your browser.
It will not require you to make any account requiring any of your personal information. Supporting the protocol behind the digital currencies, we give you the opportunity to carry out exchange by just providing your valid email address. That email will be confirmed for the validity first and a unique wallet will be created in your desired currency. Later, after the transaction, a confirmation on your provided email will be sent.
You will directly jump to the page where it will require you to add the cryptocurrency type and amount.
- Send from, choose – cryptocurrency (Bitcoin)
- Transfer to – Pay Pal
It will then require you to set the amount you need to convert.
- Enter the number of Bitcoins you need to convert in the fiat currency
- Then hit- Continue Exchange
This will then show you the Receive Amount in the relevant currency you choose to get transferred to.
The two most important and vital things we will require from you will be your PayPal account address and your email address. These addresses will be verified before the transactions will be performed. And later after the transaction, a verification email will be sent to the address too.
- Pay Pal Account
- Email address
- Hit- Become Exchange
The system will then generate you a secured QR code. It will show you the processing and the number of BTC that are being transferred. This will also display the bitcoin address of the user.
It will require you not to shut down the window until the status prevails as ‘Awaiting Payment’ and is not identified. It will require a couple of minutes until you receive the stated amount in your transfer.
You can always counter check the transaction by scrutinizing your Bitcoin account and verifying email sent to your address of the transaction. The bitcoins sent will be shown in the ‘minus’ with the same amount you chose.
Now you can simply enjoy your transacted amount in your Pay Pal Account with no reservations.