Supremes Uphold Cell Privacy, Hope for Ross Ulbricht

Supremes Uphold Cell Privacy, Hope for Ross Ulbricht

The United States Supreme Court, in a 5-to-4 decision for the case Carpenter v. United States, ruled cops cannot access cell phone tracking information without a warrant. Around the country, privacy advocates and the mainstream media are hailing it as a “landmark” case. We’re told it has implications, “significance” for not only Fourth Amendment searches and seizures, but also for First Amendment expressions of speech. While better than the alternative, Friday’s decision is far from a satisfying answer.  

Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation

Supreme Court Issues Narrow Cell Phone Privacy Victory

For the cryptocurrency community, cell phones, smart phones, mobile phones are a vital part of life. The misnomer is that they’re referred to as “phones.” They’re of course much more. They are computers, hot hard drives many of us use as wallets, storing, at times, hundreds and thousands of dollars worth of decentralized coins.   

“Given the unique nature of cell phone location information,” wrote Chief Justice John Roberts for the slim majority, “the fact that the Government obtained the information from a third party does not overcome Carpenter’s claim to Fourth Amendment protection. The Government’s acquisition of the cell-site records was a search within the meaning of the Fourth Amendment.” Supremes Uphold Cell Privacy, Hope for Ross Ulbricht

In the US Constitution, almost as an afterthought, rest Amendments. Twenty seven, in fact, help in large measure to clarify issues later deemed important. In nearly 230 years since its first ratification, the document has only been amended a little better than two dozen times, and its initial ten came as a package. Known as the Bill of Rights, its Fourth Amendment reads, “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”

The Fourth is often used as a barrier between ordinary persons and government employees of the martial variety, such as local, state, and national law enforcement. While it’s no panacea, it can be used after the fact to render an arrest or even a conviction moot. Timothy Carpenter’s prosecution was aided by cops using tracking information collected as a matter of course by providers. Essentially, police reverse-engineered Mr. Carpenter’s whereabouts relative to reported crime through his cell phone tower pings. Together with other evidence, Mr. Carpenter was convicted and sentenced to 116 years. He appealed, zeroing in on how key cell tower evidence was obtained unconstitutionally, without a warrant as required by the Fourth. The Court agreed, and the Chief Justice was joined by Justices Kagan, Sotomayor, Ginsburg, and Breyer.

Supremes Uphold Cell Privacy, Hope for Ross Ulbricht

Ross Ulbricht Implications?

To be perfectly honest, Constitutional arguments leave me cold. Superstitious reverence for a document I never signed, and on which my rights were smuggled by virtue of mere circumstance, the DNA lottery, is, to my way of thinking, very queer. Nevertheless, it is the real world system I live under, and so when nine persons chartered with interpreting what that ancient document means as it ultimately relates to my life, I do well to pay attention.

Carpenter doesn’t pretend to be more than narrowly requiring police, in cases involving cell phone tracking, to seek a warrant. Those are easy enough to obtain, as judges in many instances act as law enforcement’s rubber stamp. It’s a speed bump on the way toward a false faith in government’s ability to restrict itself. Probably a great revelation for most Americans is the substance of the case’s facts rather than more abstract principles.

Supremes Uphold Cell Privacy, Hope for Ross Ulbricht

It turns out your every move is being tracked by law enforcement, and it’s possible due to a kind of time machine … a default feature and bug necessary to the function of cell technology. Turn off GPS, and you’re still going to need towers to make your phone work as a phone. So long as that is the case, years later police, with mere permission from a judge, are able to charge you with a crime based on your previous whereabouts. Again, Mr. Carpenter’s case is effectively overturned due to an administrative error, allowing law enforcement to poison the fruit of evidence against him. Had they won a warrant, Mr. Carpenter would have no standing at the Supreme Court.

Carpenter might be a victory in a more important limited sense. Ross Ulbricht’s “legal team believes the outcome of the Fourth Amendment Carpenter case will affect Ross’s petition conference,” these pages reported.  Lyn Ulbricht, Mr. Ulbricht’s tireless mother, explained to Reason the Ulbricht appeal to the Supreme Court is being considered, seemingly “pending another important Fourth Amendment case, Carpenter v. U.S. […] Ross’ case is still before the courts.” Now that the Court has reversed Carpenter, Ms. Ulbricht hopes “they would remand [our case] and return it to the appellate courts. Ross would be back in New York in front of the 2nd Circuit, but with guidance from the Supreme Court […] Then I would hope that they would say we’d have a retrial. At the least, I would hope and pray for a resentencing.” Ross Ulbricht is serving double life. 

Do you think the SCOTUS decision is good for the crypto community? Let us know in the comments. 

This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


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The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

In today’s Bitcoin in Brief we mention some optimistic mid to long term predictions for crypto markets. And while decentralized currencies are hurting in a bearish month, the prospects for state-issued virtual money look even dimmer. Another senior Swiss central banker has noted the diminishing enthusiasm of governments to mint digital coins. Venezuela gives an example – Caracas has recently fired the nation’s crypto superintendent, reportedly for failing to raise billions through Maduro’s favorite El Petro. 

Also read: Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No

Bottom Line: Bitcoin Will Recover

It takes a lot of optimism to make bullish predictions at a moment like this, but if it’s a relatively long term prognosis for growth, preceded by a short term one for further drop, then it does sound like a safe bet. Todd Gordon, founder of Tradinganalysis.com, is one of those analysts who believe the bottom line is that Bitcoin will eventually recover, by early 2019 to be precise.

“I did expect Bitcoin to drop, I thought for a long time we’re going to drop below $5,000,” Gordon told CNBC. He actually expects BTC prices to decrease a little more than that but he is also positive that the market will turn somewhere in the $3,000 to $4,000 range. “I think by the time this contest is over in February, we’ll be well back above $10,000 and in a pretty good shape,” he added.

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

According to Todd Gordon, the correction we have seen from $19,000 down, in terms of percentage drop, is “inconsequential,” and “very much expected,” compared to the gains since 2015, when Bitcoin took about a 78 percent hit in the aftermath of the Mt. Gox hack. “Right now we are about two thirds of the way through that equal correction,” he said.

Gordon noted that his prediction is based on a “beautiful uptrend” on a percent change chart. “You can’t look on bitcoin on a traditional, linear, arithmetic chart,” he warned. The expert emphasized that the current 17 percent average weekly high-to-low range is the “lowest bitcoin is ever seen,” as the movement has reached 30-40 percent at times in the past. “If I am down 30 percent on bitcoin in this contest, that’s nothing – it can make that up in two weeks,” the analyst added.

Others Like the $10,000 Mark Too

Other members of the crypto space have made similar predictions about the mid-term prospects for bitcoin. At the end of May, blockchain venture capitalist Spencer Bogart said he expected the price of BTC to rise again above $10,000 per coin by the end of 2018, noting that the cryptocurrency is still worth buying, despite its continued losses.

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost“In the past, when the value of BTC dropped by 50 or 60 percent, a cloud of fear used to develop and people seriously questioned if bitcoin was over,” Bogart told CNBC. However, he highlighted a key difference between today and the crashes of the past – the exponential amount of development and adoption we have seen since those times. Bogart, a partner ат Blockchain Capital, also noted that most coins are overvalued in comparison with bitcoin. He advised investors to sell cryptos like cardano, tron, IOTA and NEO, but stressed they should hold cryptocurrencies like bitcoin cash (BCH), ethereum, ripple, and EOS.

Most cryptocurrencies saw losses of up to 20 percent over a 24-hour period yesterday. Many observes attributed the latest dump to the recent measures taken by Japan’s financial regulator. The Financial Services Agency issued six new business improvement orders to crypto exchanges Bitflyer, Tech Bureau, Bitpoint Japan, Btcbox, Bitbank, and Quoine. In recent weeks markets have been also reacting to a number of negative events such as the hacks of Korean exchanges Coinrail and Bithumb, as well as the exposure of scams and suspected market manipulations.

Enthusiasm for State-Backed Cryptos Dying Out

Countries are unlikely to issue national cryptocurrencies any time soon, according to a high ranking representative of the Swiss National Bank’s management. Central banks around the world have become skeptical of introducing state-backed digital currencies, Thomas Moser, an alternate member of the governing board of SBN, told Business Insider.

“In the beginning, there was a lot of interest and enthusiasm about issuing their own national cryptocurrency but I think, in the meantime, that enthusiasm has slowed again because of the implications it would have for financial stability,” Moser explained. Nevertheless, he said he would not be surprised if national cryptocurrencies emerged in the longer term but noted that currently everyone is waiting for someone else to do it first.

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

Thomas Moser thinks that to some extent it makes sense to have an electronic version of the banknote but warned the implications are substantial. “The advantages are relatively small but the unknown risks are potentially large so I think the balance is to be cautious.”

Moser’s comments reflect the position of another senior representative of Schweizerische Nationalbank. In April, Andrea Maechler, member of its governing board, stated that “private-sector digital currencies” are better and less risky than any version offered by a central bank. A government-backed coin “would deliver scarcely any advantages, but would give rise to incalculable risks,” she warned, noting that it would make it easier for people to withdraw money if they felt a bank was in trouble.

Venezuela’s Crypto Superintendent Reportedly Fired

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins LostCarlos Vargas, Venezuela’s Superintendent of Cryptocurrency, has recently left his post. Some local media reported that actually he has been fired by President Maduro after his team failed to deliver on the promises to raise billions through the initial coin offering of the national oil-backed cryptocurrency, the Petro.

According to a publication by Caracas Chronicles, only 2,266 petros have been transferred so far on the distributed ledger that tracks their movement. Even if all of them were sold at $60 per coin, the outlet speculates, the government has raised no more than $136,000. That’s way below the once promised $5 billion.

Very little is known about the new superintendent, Jocelit Ramírez, and his team. He is believed to be very close to Vice President Tareck El Aissami.

Despite threats by officials to restrict decentralized cryptocurrencies and crack down on exchanges, Venezuelan bitcoin trade on platforms like Localbitcoins has spiked in recent months, largely due to the unattractiveness of the hyperinflated national fiat, the bolivar. The socialist government in Caracas has had hard time convincing its partners to accept the petro in bilateral trade. Several weeks ago, India rejected Maduro’s proposal to buy Venezuelan oil at discounted petro prices.

What are your expectations for the future of decentralized cryptocurrencies and state-issued digital coins? Let us know in the comments section below.


Images courtesy of Shutterstock.


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PR: Propy to Hold Historical Real Estate Auction on Blockchain

Propy to Hold First Ever Real Estate Auction on Blockchain

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Global property store with a decentralized registry Propy in collaboration with Hilton & Hyland Real Estate, a leading luxury brokerage are selling ownership for Rome’s architectural Masterpiece el Palazzetto Mansion in a historical blockchain auction. Set to begin on June 28th, 2018 at noon PST, the event will accept offers both in USD and in cryptocurrency.

The Palazzetto Mansion was built by geniuses of the Italian Renaissance and it is located in the center of Rome’s historic Palazzo Albertoni Spinola declared World Heritage site by Unesco. This prestigious area and its richness of prominent archaeological sites and museums make it one of most desired places to live in Rome. The luxurious four-floor mansion  is currently valued at €35 million including a redevelopment plan.

According to a blog post by Propy, this is a notable confirmation that the new technology is entering our everyday lives.

“We’re about to make history with the first blockchain-powered real estate auction taking place in the real estate industry”, said Alex Voloshyn CTO of Propy who will be overseeing the IT systems during the live auction. “This is the result of hard work, and we’re excited to inaugurate our first transaction within the European Union, with an innovative bidding process. We know this is not your everyday single-family house deal, however, through such ambitious projects we challenge ourselves to reinvent the real estate industry.”

The Blockchain technology automates the auction and offering mechanisms. It allows to hold temper-proof, publicly verifiable auctions and has the potential to make them accessible worldwide at a very low transaction cost.

Propy created an online portal to expedite the process and facilitate the access to more participants around the globe. Bidders need to follow these easy steps to take part in the auction:
– Create an account, review and sign the “BIDDER TERMS AND CONDITIONS” via Docusign
– Deposit funds of $100,000 USD or its Cryptocurrency equivalent, to be able to bid.
– Place an opening and max bid or make an offer up to June 27th at noon PST.
– June 28th at noon PST, sign in and participate in the live streaming auction.

For more information about the historical auction or to register as a bidder, visit https://auction.propy.com

Press Contact: Market Waves
Contact email: hello@marketwaves.co

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Propy to Hold Historical Real Estate Auction on Blockchain appeared first on Bitcoin News.

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations. In addition, several crypto-related proposals have been submitted including one that requires crypto firms to bid for power.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Price Hike for Crypto Miners

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current RateQuebec, a province in eastern Canada, offers one of the lowest power rates in North America. Its electricity is generated, transmitted, and distributed by the country’s largest electric utility, Hydro-Quebec, which was formed by the government in 1944, and currently has over 4 million customers.

The utility has been courting cryptocurrency miners for months to use its surplus electricity. However, due to an overwhelming number of requests for crypto mining operations, the province has decided that it “will make electricity prohibitively expensive for cryptocurrency miners until it figures out how to deal with a surge in demand from the energy-hungry industry,” Bloomberg reported this week, adding:

Provincial regulator Regie de l’energie authorized utility Hydro-Quebec to charge 15 cents per kilowatt hour to blockchain companies, about three times the price they have enjoyed up to now. The temporary pricing doesn’t apply to existing clients and their operations, which total about 120 megawatts.

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate“Blockchain companies will be required to bid for power and spell out the jobs and investment per megawatt that they will generate,” the utility further proposed. “The starting bid is 1 Canadian cent ($0.0075) per kilowatt hour above the rate the industry had previously enjoyed — roughly a 20 percent increase.”

Furthermore, Hydro-Quebec unveiled a plan Thursday, which requires approval from the regulator, “to allocate as much as 550 megawatts” for crypto mining on top of the 120 megawatts that are already in operation or approved, the publication detailed. A selection process will also be proposed which “will enable Hydro-Quebec to survey the industry on what it considers a fair price and to gauge what investment and jobs the applicants will generate,” a spokesman for the utility, Jonathan Cote, explained.

Overwhelming Demand from Crypto Miners

According to the publication, crypto miners flooded Hydro-Quebec with “requests that it says exceed its short- and medium-term capacity.” Cote told the news outlet on Thursday:

We don’t want to send a message to the market that this is the price for cryptocurrencies in Quebec…It’s more that requests are suspended until we have the proper framework determining conditions for that market.

“The temporary price is expected to be in place for several weeks until the regulator sets a tariff that will then be applicable to all,” the news outlet explained.

Quebec has been trying to attract crypto miners with its inexpensive electricity and cold winters, as news.Bitcoin.com previously reported. However, Hydro-Quebec indicated in January that it will not be able to meet the scale of power demanded by crypto miners. Prior to the rate hike decision, it started turning down new applications for crypto mining operations and considered halting mining operations during winter.

What do you think of Quebec hiking the electricity price for crypto miners? Let us know in the comments section below.


Images courtesy of Shutterstock and Hydro-Quebec.


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Crypto Markets, Weak Demand from Miners Hurt GPU Producers

Crypto Markets, Weak Demand from Miners Hurt GPU Producers

Dipping cryptocurrency markets are hurting not only crypto holders but also a number of related businesses and sectors. Manufacturers of hardware that can be used in mining applications, like GPU makers Nvidia, AMD and their OEM partners, are also hit by weak demand in the sector which is pushing inventories up.

Also read: Bitcoin Businesses Denied Banking Services in Ireland

Excess Inventory Due to Weak Sales in the Crypto Segment

Recent tech media reports suggest that the leading video card maker, Nvidia, is experiencing excess inventory issues in the GPU channel. The surplus is most likely the main reason for the delay in the launch of Nvidia’s new gaming card based on the Volta architecture, which was expected to replace the Pascal generation. The postponement was confirmed in comments made by Nvidia CEO Jen-Hsun Huang during Computex 2018. He said the company is not planning to release new graphics processors in the near future.

Crypto Markets, Weak Demand from Miners Hurt GPU ProducersWith crypto markets reacting to a number of negative events in recent weeks, like the hacks of Korean exchanges Coinrail and Bithumb, regulatory actions in Japan, and the exposure of scams and suspected market manipulations, the rumors of a technical issue with the new consumer lineup have been replaced by another explanation – inventory buildup. Observers say it is probably due to overestimated demand in the gaming sector and the underestimated impact of the declining demand in the market for mining equipment.

These suspicions have been increased by rumors that a major Taiwanese OEM partner of Nvidia, ASUS, MSI or Gigabyte, has reportedly returned 300,000 graphics cards to the company. According to reports by Seeking Alpha and Semiaccurate, the giant has been also aggressively buying GDDR5 memory, which indicates an excess stock of lower-end GPUs that need to be made into boards. Quoted sources from the industry claim the return of the chips is related to the decreasing demand from cryptocurrency miners.

Nvidia has previously shared its expectations that the crypto fever would last until at least the third quarter of 2018, but obviously GPU sales have already started to go down. The prices of many altcoins that are mined with video cards decreased along with that of bitcoin. BTC is trading well below $7,000 and experts believe the downturn in the demand for graphics processors is largely due to the prices under this threshold.

Crypto Markets, Weak Demand from Miners Hurt GPU Producers
AMD Price Chart, Ycharts

The crypto market ups and downs and the weak demand from miners have also affected Advanced Micro Devices, Nvidia’s main competitor. According to Investopedia, AMD’s shares rose by 25% in February before plunging by 30% in April, then soaring by 50% in May, until reaching around $17 on June 18. At the time of writing, their price is $15.69, according to data provided by Ycharts.

A Shift Towards Modest Expectations, Results

In April, AMD announced revenues of $1.65 billion dollars for the first quarter of 2018, with net income reaching $81 million, a 40% year-over-year growth. The company benefited substantially from the increased sales to crypto miners, which allowed it to reduce the gap between its results and those of Nvidia. In the last quarter of 2017, AMD’s share of the GPU market rose from 27.2% to 33.7%. AMD products remain cheaper while offering similar productivity, when it comes to crypto mining.

In May, Nvidia announced its revenues for Q1, noting that the total has increased by 66% year-over-year, and 10% sequentially, to a record $3.21 billion. For the first time, its quarterly report mentioned separately the amount generated from sales to the crypto market. The total GPU business revenue was $2.77 billion, up 77% from a year earlier and up 12% sequentially. $289 million of it is related to sales of GPUs for mining.

Crypto Markets, Weak Demand from Miners Hurt GPU Producers

The two leading producers of video cards reacted differently to the increased demand for hardware for mining applications. In February, AMD said it was planning to increase production. Nvidia initially took steps to limit GPU sales to crypto miners. Then it was rumored that the company might launch a dedicated mining card called “Turing.” Later reports suggested its launch has been postponed to until at least July. If the current trends persist, however, both companies are likely to announce more modest plans and results in the coming months.

According to sources quoted by Digitimes, Taiwanese suppliers of graphics processing units are also expected to experience dropping shipments and profits in the second half of this year. Companies like Asustek Computer, Gigabyte Technology, Micro-Star International, and TUL have seen their inventories increase significantly, mostly in result of shrinking demand from the mining sector. Observers expect a shift in the focus towards the gaming and datacenter segments.

What are your expectations for the future of the GPU market and the crypto mining sector? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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Payment Details for USD Wire Deposits Changed

Payment Details for USD Wire Deposits Changed

UPD. June 15, 2018.

On June 15, 2018, payment details have been changed. Please pay special attention when making a deposit. Make sure you use the updated details to make sure your USD deposit reaches your CEX.IO account.

UPD. June 11, 2018.

Please note that payment details for USD Swift deposits have been changed again on June 11, 2018. When depositing USD to CEX.IO via bank transfer option, please be very attentive and double-check that you are using the updated payment details to prevent delays in payment processing. You can find out how to do this in “Where to Find the New Payment Details” section.

Previously, we have changed the payment details for USD wire deposits on May 4, 2018.

What Does This Mean

When depositing your funds to CEX.IO using the bank transfer option, please pay attention that the payment details have been changed. So, to prevent delays in money transaction processing and mitigate your concerns about money transfers, please double-check that you are using the correct details. It will let your payment reach your CEX.IO account within the shortest time.

Where to Find the New Payment Details

To receive the new payment details, you need to initiate a USD deposit to your CEX.IO account. You will need to:

  1. Press “Deposit” button on the website.
  2. Make sure to choose the USD currency and Bank Transfer as your payment option.
  3. Study the provided information and click that you have read everything.

On the screen, you will find the updated payment details. Please make sure you use them for your funds to be successfully credited to your account.

How to Make A Successful Deposit

  • Double-check the payment details you are using to deposit your funds. Please give them to your bank exactly as they are shown in your CEX.IO account.
  • Pay special attention to the ABA routing number and your reference number. They should be provided in a sender’s bank narrative prior to any other references.
  • Make sure you are sending the correct currency and in the exact amount. If you send another currency or amount, it may cause a delay.

A Reminder About Deposits

We would also like to remind you that:

  • Payment processing usually takes 1-3 banking days, but may sometimes take up to 14 days.
  • Payments to CEX.IO from third parties (people other than an account owner) will be returned to the sender.

We hope that the above information will help to make your experience with CEX.IO more flawless and ensure that your deposits are processed correctly and in the shortest time possible.

 

Who is TheLedger and what do we do besides writing blogs and doing hackathons

and writing blogs about doing hackathons.

😲 Who are we

We’re a blockchain consultancy start-up from Belgium (& The Netherlands). We’re currently 9 large with 8 people located in Belgium and 1 in The Netherlands.

We are part of a larger group called Cronos Groep. It is a network/ecosystem of businesses. It’s a framework which helps entrepreneurs to build out their business. They provide services like fleet and HR so start-ups like us only have to focus on their core business. Cronos Groep has holdings in more than 370 companies in various sectors and is actively involved in the start-up of some 20 companies per year.

Within this group, we belong to a smaller group called IBIZZ. IBIZZ stands for IBM, Open source and Innovation. This is where our love for Open source innovative technology comes from. We’re agnostic, but this is why we also have some IBM in our veins.

💪 What we do

We’re consultants at our core. We provide our blockchain expertise to other companies. This expertise goes from Hyperledger Fabric, Ethereum, BigchainDB, Stellar to Hyperledger Sawtooth, IOTA,… from analysis to development. There are so many cool distributed ledger technologies out there, this is why we try to spread our knowledge an try to be technology agnostic. Besides regular consultancy, we also felt the need to provide help creating and auditing Token sales.

We also give blockchain awareness sessions and workshops to help the companies we work for to further grasp the potential of blockchain in their business.

🎒 What we’ve done

You can always find an updated list on our website https://theledger.be/projects. But we’ll include some links here as well.

Hackathons

Hack for Diamonds 2018 — Winners blockchain challenge

💎 DiaVest — Winning solution for the hackfordiamonds hackathon

Blockchaingers hackathon 2018 — Winning the “Digital nations infrastructure” track

What we’ve built to win the worlds biggest blockchain hackathon of 2018!

Some of our projects

Please get in touch if you’re looking for a technology partner yourself.

Greencards — B-Hive

By placing insurance (green) cards on the blockchain we are able to digitally give access in a controlled manner while speeding up the manual process of requesting access.

Project Digital insurance cards – TheLedger – Blockchain projects

Competencies on the blockchain — GO & VDAB

Providing a Bring-Your-Own-Standard platform to map competencies in different standards from different companies. This to ultimately help people without the correct diploma’s to get their job using achieved competencies.

  • Bring-Your-Own-Standard
  • Project Lifelong learning – TheLedger – Blockchain projects

KYC on the blockchain — B-Hive

Providing a universal platform to validate KYC identities.

Project KYC Identity – TheLedger – Blockchain projects

Smart contract audit — Inwage

Ethereum token sale contract audit.

Moria Token

Where to go next

  • Our website: https://theledger.be
  • AI & prototyping as a service: https://craftworkz.co
  • Robotic process automation: http://roborana.be
  • Devops powers: http://flowfactor.be
  • Cronos groep: https://cronos-groep.be
  • IBIZZ: https://ibizz.be


Who is TheLedger and what do we do besides writing blogs and doing hackathons was originally published in wearetheledger on Medium, where people are continuing the conversation by highlighting and responding to this story.

Deposit and Withdrawal Options on CEX.IO: Bank Transfer

Deposit and Withdrawal Options on CEX.IO: Bank Transfer

Among the numerous online cryptocurrency exchanges, CEX.IO offers the most user-friendly and convenient way to purchase crypto. The biggest advantage of CEX.IO is the variety of payment options available. Our users can easily choose whether to deposit or withdraw with cards or to send funds by bank transfer.

At this time, we’re happy to re-introduce wire deposits and withdrawals.

Reliable bank transfers

While cards are convenient, we recommend bank transfers for sending larger amounts to and from CEX.IO.

Fiat deposits

You can transfer more funds via bank transfer, and such deposits are completely free. Deposits via bank transfer are usually completed within 7 business days.

Fiat withdrawals

You can transfer out larger amounts from your CEX.IO account with bank transfer withdrawals. These payments may sometimes take up to 14 days, but we usually process them faster.

You can find all relevant fees for bank transfers in our Limits and Commissions section.

Currencies and wire transfers on CEX.IO

The options available for specific currencies are as follows:

Deposit/SWIFT Withdrawal/SWIFT *Deposit/Withdrawal SEPA
Currency USD, EUR, GBP EUR, GBP EUR

 

*SEPA deposits and withdrawals are available to European customers only, while SWIFT payments are available to customers worldwide.

USD withdrawals via bank transfer will be re-enabled on the platform shortly. We will inform you as soon as they become available.

Important

We would like to emphasize that only verified users can initiate bank transfers on CEX.IO. If you still haven’t verified your account, we highly encourage you to do so.

Also, we would like to remind you that it’s necessary to be very attentive when initiating bank transfers. Please thoroughly check the payment details you use when depositing or withdrawing your funds. Providing correct information allows us to process your payments faster.

We sincerely hope that the re-introduction of wire payments on CEX.IO will allow you to benefit more from the platform.

New Payment Details for SWIFT Euro Deposits

New Payment Details for SWIFT Euro Deposits

UPD. June 4, 2018.

Please note that payment details for EUR Swift have been changed again on May 31, 2018. When depositing Euro to CEX.IO via SWIFT Payment (Global) option, please make sure you are using the updated payment details to prevent delays in payment processing. You can find out how to do this in “What Should I Do” section.

Please also pay attention that you can now send a proof of transfer to cng@cex.io to speed up deposit processing.

Previously, payment details for deposits in Euro via SWIFT payment option were changed on March 22, 2018.

We ask you to be very attentive when sending funds to your CEX.IO account via Bank transfer. Please note that this does not concern SEPA payments that are destined for European users, and SEPA deposits should be made using the old deposits.

What Should I do?

When initiating a deposit in EUR to CEX.IO using bank transfer option over the global scale, please pay attention that the requisites have been changed. Make sure that you are using the updated payment details for your money to be delivered to CEX.IO balance in the shortest time possible.

Initiating deposits procedure will stay the same:

  1. Go to the Finance section and press “Deposit” button for Euro or simply press “Deposit” button on the website.
  2. Choose EUR as the currency and Bank transfer as a payment option.
  3. Read through the provided information and tick the fields that you have read everything.

On the screen with your payment details, please pay special attention to SWIFT Payment (Global) section. The requisites for this payment type have been changed.

Be Attentive With Payment Details

We encourage you to be very attentive with the payment details when depositing your funds to CEX.IO. Make sure that you use the updated payment details to get the funds on your balance in the shortest time possible.

Please note that:

  • Reference (9120352394) should be entered in the narrative of the sending bank’s payment instructions before any other references.
  • Payment details should be given to your bank exactly as they are stated in your CEX.IO account to avoid delays in payment delivery.
  • Always send the exact amount for which you have applied, and in the currency you have applied for.
  • Double-check that your payment details are stated correctly to ensure that your payment is delivered exactly to your CEX.IO account.

We would also like to remind that payments from third parties (people different from the account owner) will not be accepted and will be turned back to the sender.

GDPR Compliance: Terms of Use and Privacy Policy Updates

GDPR Compliance: Terms of Use and Privacy Policy Updates

The whole business community is awaiting the General Data Protection Regulation to come into force on May 25, 2018. Before this event, which will have a large impact on European users and businesses, we would like to let you know that we also intend to stay compliant with the new regulation. So please note that our Privacy Policy and Terms of Use are also updated on May 25, 2018.

What Is GDPR?

The GDPR is the largest change in information protection regulation in the last 20 years. It is meant to change the way personal information is processed. Its main goal is to give power back to customers to control the usage of their personal data. In general, the GDPR increases the rights of users and the obligations of businesses and provides a clear explanation of what processing data means.

Terms of Use Updates

The updates to the Terms of Use mostly include minor corrections and textual specifications. However, there are two important points you should take special note of:

  • Sharing data with third parties

This involves the statement about the possibility of sharing user data with authorized third parties. This may happen to deliver the services you requested or to meet our legal obligations.

  • Information relevancy checks

This may be necessary for us to check that the provided information is correct. In this case, we will make sure that this action is actually necessary and that we ensure the safety of your data.

Privacy Policy Changes

The main changes to our Privacy Policy include the following aspects:

  • Types of personal data to be collected and how they will be used

The updated Privacy Policy provides an extended list of user data we use. We have added the details from your documents as well as information about your IP address, browser, and operating system.

  • Information processing

We have specifically indicated that we will use your information only to stay compliant with the regulations and to deliver our services. These also include money laundering avoidance and fraud prevention.

  • Sharing information with third parties

We can share your personal information with our partners, financial institutions, and contractors to be able to ensure that you receive the service you are asking for. If sharing your data is necessary, we always require our contractors to follow the same privacy policies. And we will take all the necessary measures to ensure the highest level of data security.

  • Your rights connected to your personal data

You can access, ask to update or correct your personal data by sending an email to support@cex.io. Note that to be able to change any of your personal data, we may ask you to confirm your identity before taking any action.

  • Keeping your personal data

The updated Privacy policy also indicates that we can keep your information for up to 10 years after you close an account with us. This is necessary only for regulatory compliance, and we will keep all the data securely stored.

The new policies will come into effect on May 25. If you continue using our service after this date, it will mean that you have agreed with the introduced changes.

On our side, we will do everything possible to ensure that your privacy is protected.