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Author Archives: Amelia Tomasicchio

debt notes

Kazakhstan’s Central Bank to use Blockchain for Debt Notes

The National Bank of Kazakhstan announced it is looking to test blockchain technology in order to sell short-term debt notes.

In an official statement published today, the Kazakhstan central bank revealed its plan to launch a new mobile app that to sell the short-term debt notes to investors– denominated in amounts worth 100 tenges (the national fiat currency) – without relying on third-party brokers.

At the moment, this app is being tested within the bank, and its launch is expected by the end of 2017.

In the long term, the Kazakhstan bank commented that the app could be used to make initial public offerings (IPOs) easier.

Also, the financial institution explains it wants to work with the country’s banking industry on possible future versions and uses.

“In this area, the project will continue to search for additional solutions, including the involvement of commercial banks,” the statement explained.

The Central Bank explained that it has been looking at the distributed ledger for potential applications since 2016.

A few months ago, regional news source called Tengri News reported that officials were studying possible blockchain use cases, especially those focused on payments.

Read more about blockchain-related projects developed by banks.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
syscoin wallet

Syscoin Wallet: HolyTransaction adds this new cryptocurrency

Do you want to open a Syscoin wallet?

You are in the right place, as we at HolyTransaction decided to add this digital currency among the crypto available on our multicurrency wallet.

So, from now on you can store Syscoin on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Syscoin, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Syscoin Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Syscoin Wallet features

Just like Bitcoin and all the other supported digital currencies, you can now:

  • Send Syscoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Syscoin with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Syscoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Syscoin?

Syscoin (SYS) is a digital currency that allows low-cost transactions (our fee is per transaction) and provides businesses a safe infrastructure for trading goods, assets, digital certificates, and data.

Syscoin’s value derived from the decentralized services it provides on the blockchain, a decentralized system of record hosted by a series of “nodes” on the Syscoin network.

Syscoin 1.0 was the first decentralized marketplace and a script algorithm altcoin based on Litecoin. The original whitepaper[3] included Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer and Decentralized Data Storage and Retrieval. Some of these services were available upon launch but only accessible through a command-line interface.

The original whitepaper included:

  • Decentralized Marketplace Creation,
  • Decentralized Smart Contracts and Documents,
  • Decentralized Certificate Issuance and Transfer
  • Decentralized Data Storage and Retrieval.

Syscoin presale began on July 19, 2014. Back at that time, the ICO price was .00000518 BTC/SYS and it raised 1500 BTC.

So, do you want to open your Syscoin wallet? Click here.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
holytransaction security

HolyTransaction security: a new tool to improve your wallet safety

We released a new tool to improve your HolyTransaction account for our multicurrency wallet platform.

From now on, if you didn’t activate your 2FA with Google Authenticator, you see a small padlock on the top right of your wallet, as shown in the picture below.

holytransaction securityWhen you login into your wallet for the first time the padlock will be closed.

This means that your wallet can perform exchange, check  balances and your history but you are not able to do execute outgoing transaction.

If you change your Internet connection the padlock will be automatically closed.

To open it and unlock your withdrawal click on the padlock. Then, you will receive an email to confirm the procedure.

Click on the link you see in the email to remove the padlock.

The unlock will last for 7 days and you can decide to open or close the padlock by yourself.

To do so, you just need to click on the open/closed padlock to open or close it.

Again, the padlock is active only if you don’t have the OTP with 2FA key activated.

If you want to activate your OTP, please read this guide.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
blockchain passports

Blockchain passports to be used in Dubai

A new project related to blockchain passports is being developed by the Dubai government and the English startup called ObjectTech with the main objective of improving security for the Emirate’s airport.

A few days ago, ObjectTech announced that it is working together with the Dubai Immigration and Visas Department to create blockchain passports to potentially eliminate manual checks at Dubai International airport.

This system exploits biometric verification and blockchain technology in order and it will use a “pre-approved and entirely digitized passport” in order to easily and safely authorize travelers’ entrance into the Emirates.

Also, thanks to blockchain passports, people will be identified through a 3D scan via a short tunnel while they walk from the aircraft to claim their baggage.

Thanks to the use of a distributed ledger technology (it’s still unclear what blockchain will be used), ObjectTech explained that passports will contain a feature called self-sovereign identity for privacy protection, which it allows travelers to control which parties can view their info.

Co-founder and CEO of ObjectTech, Paul Ferris, wrote a blog post where he explains that the company aims at making the border process quicker and safer, and also giving passengers full control of their digital data. A pilot program is anticipated to be ready by 2020, although a detailed project timeline remains unclear.

A pilot program will be ready by 2020. 

Dubai is not new to this kind of projects. A few months ago, in fact, Dubai government revealed its idea to solve immigration issues with the blockchain.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
holytransaction daily limit

HolyTransaction daily limit: how to increase it

If you want to increase your HolyTransaction daily limit for withdrawal and transaction this is the guide you need.

This process is directly linked to the 2FA (two factor) setup, so if you want to increase your limits, you will have to improve the security of your wallet first.

If you don’t have your 2FA activated, the limit is 1,000EUR, but if you decide to setup it, you can increase your daily limit.

So, after you successfully set up your 2FA with Google Authenticator, you just need to contact us via email (support@holytransaction.com) and ask us for the increasing.

In fact, this is not an automatical process.

Read the procedure I’m going to show you to increase your HolyTransaction daily limit.

How to increase your HolyTransaction daily limit for withdrawals and transactions in general

  1. Visit HolyTransaction.com;
  2. Sign in to your account (or create a new one);
  3. Click on “Settings” in the menu;
  4. Scroll down to “One time Password”;
  5. Click on the blue “Setup” button;
  6. Download the “Google Authenticator” app on your mobile (available for Android, iOS, and Blackberry);
  7. Scan with your mobile phone the QR code shown on your PC;
  8. In order to save the 2FA system, you have to digit the 6-number code you can read on your mobile phone;
  9. Click  on “Save” in order to confirm you want to activate the One-Time Password;
  10. Now you can ask our support team to increase your daily limit for withdrawals and transactions in general.

Click here to read a full explanation with pictures.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin all time high

Bitcoin all time high: Read here the possible reasons

Today, on June 6th, a new Bitcoin all time high has been hit.

According to CoinMarketcap, in fact, the bitcoin price reached a value of $2,911.86, surpassing the previous bitcoin all time high of $2,791.69 set less than a month ago on May 25th.

Bitcoin began June with a price of about $2,500, trading at $2,300 on June 1st.

What are the reasons for this new bitcoin all time high?

As always in these events, many are the possible causes for this recent growth in the bitcoin price.

Here a quick report on what is happening in the bitcoin industry during these days.

Click on the link below to read more about that specific topic.

Do you think there are more reasons for this bitcoin all time high?

Comment the news with us!

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin demand

Bitcoin demand in Asia is more active than in the US

Back on May 31st, one the major Bitcoin exchanges in China called OKCoin returned to help improving the Bitcoin demand withing the Chinese exchanges after a period of suspension of transactions.

As a result, more bitcoin investors are recovering their interest in bitcoin and they are driving the demand for the digital currency.

So, thanks to the activation of withdrawals, bitcoin is now trading at a premium rate in China.

Also, the Chinese press that talks about bitcoin as digital gold is pushing the recent growth of the bitcoin demand for local traders.

On Friday, bitcoin price was about $2,340 in China. A value that was $50 higher than the US rate.

Of course, there are several other major factors that are driving bitcoin price. For example the legalization of the digital currency in Japan, and the use of ICOs in raising funds.

Experts believe that the increasing demand in Asia is pushing the recent growth in the bitcoin price.

South Korea

In South Korea, Bitcoin price increases up to $3,100 when the price on the US exchanges was about $2,400, so $300 higher than the US.

A few startups are also using bitcoin for sending remittances since it works better and faster than traditional money.

For example, one of these startups is called Bluepan, located in South Korea. This company provides an easy way to send money from overseas workers to their families.

In 2 years, Bluepan has processed payments worth $65 mln and for the past year, they recorded a five-time increase in transactions.

Why in Asia?

That said, it is clear that Bitcoin demand in Asia is increasing and its driving prices, while North America shares only a small amount of all users in any sector.

For example, there are fewer customers in North America who use money transfers than in Asia.

This is maybe due to the fact that the worldwide financial system is based on the US dollar, so remittance transactions are easier between dollars and non-dollar currencies compared with transactions that involve two non-dollar currencies.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
change_bitcoin_euro

HolyTransaction Wallet: how to set up 2FA to improve security

If you want to open your HolyTransaction wallet or you already use our platform, you might want to set up your 2FA in order to improve the security of your funds.

This process is really simple and quick, you just have to own a smartphone (Android, Blackberry or iOS) and download the app called “Google Authenticator”.

Follow this step-by-step guide to set your HolyTransaction wallet 2FA system, not only for improving the security of your address but also to raise the limit of your withdrawal.

Conversely, if you decide to use the 2FA your daily limit can be raised.

To do so, you need to set your 2FA and then you need to send us an email at support@holytransaction.com.

This process, in fact, is not automatic, so you need to contact us to increase your wallet daily limit.

How to set up your HolyTransaction Wallet 2FA

  1. Visit HolyTransaction.com;
  2. Sign in to your account;
  3. Click on “Settings” in the menu as shown in the picture below;

holytransaction wallet

4. Scroll down to “One time Password” as you can see below;

 

5.  Click on the blue “Setup” button;

6. Download the “Google Authenticator” app on your mobile (available for Android, iOS and Blackberry);

7. Scan with your mobile phone the QR code shown on your pc;

8. In order to save the 2FA system, you have to digit the 6-number code you can read on your mobile phone, as shown in the picture below:

9. Click “Save” in order to confirm you want to activate the One-Time Password.

You can also decide the daily limit for which you will be asked to enter your GA (Google Authenticator) password.

Once you set up your 2FA with Google you will be able to ask our support team to increase your daily limit for withdrawals and transactions in general.

Open now your HolyTransaction Wallet here to store bitcoin and 10+ other digital currencies.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin regulation

Bitcoin regulation: EU to oversee digital currencies

Bitcoin regulation in Europe is moving forward after the decision of EU to fund a new tool.
This initiative about digital currencies surveillance is backed by $5m in funding from the EU and it involves a few government agencies and academic researchers including Interpol, Interior Ministries from Spain and Austria, Finland’s National Bureau of Investigation, and University College London.

In an official statement, members explained that the idea came because of the recent events of ransomware attacks all arount the world.

At the same time, those involved in the project argue not to violate user privacy rights.

“The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy,” said Ross King, senior scientist for the Austrian Institute of Technology (AIT) that is one of the research institutions involved in this project.

That the EU would take this approach is not surprising as they previously pushed aggressively for greater control on cryptocurrency users back in 2016, with the European Parliament following suit earlier this year.

Read more about bitcoin regulation in Europe by clicking here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin russia

Bitcoin Russia: a new law proposition by Russia’s Central Bank

The Bitcoin Russia saga is continuing to move on, as the Russia’s Central Bank is writing a new law focused on digital currencies.

Reports suggest that the Bank of Russia is looking to recognize digital currencies as digital goods, so they will be subjected to regular taxation.

Also, this law will include info on how the government will keep an eye on and regulate domestic marketplaces.

According to Bloomberg and RBC, in fact, deputy governor of the Bank of Russia, Olga Skorobogatova discussed her institution’s work on new legislation.

On May 25th, Skorobogatova explained that legislation could be introduced in the Russia’s national legislature – or the so- called Duma – in June.

Digital currencies “should be regulated, because volumes are increasing compared to the previous year. If people are engaged in this, they have to pay money for it, and we have to have a clear understanding of how to control this activity”, explained Skorobogatova, according to a recent report published by Bloomberg.

So, Russia is moving ever closer toward some kind of legislative framework for bitcoin and other digital currencies.

Initially, the government seemed to want to take a contrary stance on the creation of issuance of the money surrogates and Russian officials revealed their idea to ban bitcoin as illegal.

That position has changed during the recent months, and the enthusiasm on the blockchain started to increase among both officials from the Bank of Russia as well as the Russian government.

For example, Prime Minister Dmitry Medvedev pushed for research into public applications of the distributed ledger tech.

Read more about Bitcoin Russia regulation here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio