China Plans to Introduce New Crypto to Rival Bitcoin Say’s Analyst

China Plans to Introduce New Crypto to Rival Bitcoin, Say’s Analyst

An influential officer of the PBoC at the meeting of China finance 40 groups had declared China’s intention to introduce a sovereign crypto asset. The declaration of this proposed introduction is unexpected at this time due to the ongoing currency war and trade dispute with the U.S.

China’s Progressive Crypto Route

Mu Changchun, the deputy director in the payment and settlement division at the PBoC had declared during the meeting with bankers that the prototype for the unspecified project is ready to be adopted. This declaration was reported by the local news media of Shangai securities during the weekend. The deputy director further discussed the digital asset intricacies. He added that blockchain features are noticeable in its product but not developed around decentralized ledgers because the retailers and banks use high-bandwidth and speed in China. As it is, the use of a reserve model by the PBoC similar to Circles USDC or a digital fiat model is not certain.

As for the cryptocurrency, it is intended to function in two ways. The upper layer will be operated by PBoC and the lower level will be operated by the retail banks. Changchun had explained that the operational splitting into two segments is to make the project function positively in a complex and massive economy in China.

How this will function was not explained, however, the assumption is that the split structure will function similar to the present double segment structure like that of the present division among Central banks and banks. To further make clear, the PBoC releases the currency and manages high-level payments while the retail banks operate on the adoption and utilization of the cryptos.

As of now, the deputy director Changchun asserts that the crypto is best utilized for “smaller-unit retail high-frequency trade dealings”.

China Crypto May Pose a Challenge to Bitcoin

As a result of the introduction of Central bank digital currencies (CBDCs) coming into the space of international finance, discussions centered on the scenario mostly from analysts and economists are dominating the news in the crypto sphere.

A new york University Professor and economist knew for his negative bias towards Bitcoin recently declared in his publication late last year, titled Column for Project Syndicate that the introduction of CBDC’s to the digital sphere will “shut the avenue for Crypto-scammers”.

Probably, most digital payments systems may be changed by the “CBDCs”. Roubini stated by making clear that different to traditional retail banks and websites like Paypal, having high transaction fees, failed transactions and high resistance to free use, the Central banks offer a cost-effective and efficient approach at intermediating and lending money.

Roubini explained that giving access to any person to make payments using the central bank’s platforms, “CBDCs process will automate the structure, easing the requests for money, default banking accounts, and also a digital form of money services”.

In this scenario, the conclusion reached by the economist was declared as having CBDCs replace cryptocurrencies, with Bitcoin included, as offering an alternative to low-cost security and decentralized coins by the simplicity of central banking application.

David Ogden – Http://markethive.com/david-ogden

EU Antitrust Regulators Scrutinise Facebook’s Cryptocurrency Project

EU Antitrust Regulators Scrutinise Facebook’s “Cryptocurrency” Project

Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.

Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or even cancel the project altogether.

Facebook’s “Cryptocurrency” Ambitions Draw Yet More Regulatory Attention

Almost as soon as the social networking giant Facebook announced its plans to move into the cryptocurrency space with Libra, the idea was met with hostility from global regulators.

Policy makers from France, the EU, the US, and elsewhere cited a hefty list of concerns about the cryptocurrency-like project. Even United States President Donald Trump weighed in on the subject, stating that the company would have to apply for licences if it wanted to offer banking services, just like any other financial institution does. He also stated that Libra would never pose a challenge to the might of the US dollar:

According to a report today in Bloomberg Law, the list of regulators with doubts about the firm’s cryptocurrency ambitions continues to grow. It states that antitrust regulators in the EU are concerned that the digital currency may stifle competition. The report cites a “document seen by Bloomberg” as evidence.

The document appears to be a questionnaire that has been sent to groups associated with Libra at this early stage of its development. Such a document is a standard part of enquiries made by the European Commission.

The questionnaire seeks to measure how the Libra cryptocurrency-like system may shutout rivals. The European Commission antitrust regulators believe that the integration of the digital currency with applications such as WhatsApp and Messenger could make it all but impossible for competing systems to find traction in the market.

The ever-growing list of regulatory concerns against Libra could well jeopardise the project’s proposed 2020 launch date. In fact, in a document submitted to the US Securities and Exchange Commission, the company admitted that the scrutiny might force the California-based social media company to discard the cryptocurrency-like project altogether.

Despite the fact that Libra is being touted as a cryptocurrency, most Bitcoin proponents do not see it as competition. Libra will not be priced by market forces like Bitcoin is. Rather, it will be backed by a basket of national currencies. It therefore does not represent the same robust monetary policy that has made BTC a favourite of economists from the Austrian school of thought.

Rick D.

David Ogden – Http://markethive.com/david-ogden

The hidden costs of Bitcoin mining

Since 2009, Bitcoin mining has grown into a massive operation involving data centres packed with computer processors and racking up massive electric bills

Argo Blockchain – The hidden costs of Bitcoin mining

Bitcoin mining uses powerful computer processors

Mining Bitcoin is an expensive business, mainly due to the extremely large electricity bill the process can ramp up and the pricey hardware involved.

Bitcoin mining works by using powerful computers (known as nodes) to validate transactions by solving complex mathematical puzzles to find a solution that matches a specific number provided by a grouping, or ‘block’, of transactions which are then linked with other solved blocks to form a block-chain.

However, this isn’t as easy as it sounds as the number can be anything between 0 and 4,294,967,296 and cannot be predicted, so computers must keep guessing at random until they get lucky; the more processing power a node has, the luckier it will be against its competitors.

Once a node guesses the correct number, it is rewarded with 12.5 Bitcoins, currently worth around US$133,425, although this reward halves every four years or so.

While the rewards for mining Bitcoin can be great, the demand for computing power has led to the rise of massive mining nodes made up of dozens of processors that perform trillions of calculations to try to mine as much as possible.

All of this has led to a dramatic spike in the global power supply used to mine Bitcoin, which as of 19 August was estimated at a minimum of around 44 terawatt-hours (TWh) per year, according to tech trends site Digiconomist.

That’s more than the entire annual 2018 power consumption of New Zealand being dedicated to creating a currency that doesn’t physically exist.

Ballooning processor costs

Aside from the massive electricity bill, serious Bitcoin miners also have to contend with the costs of computer processors required to perform the required calculations.

When Bitcoin first appeared on the scene back in 2009, mining the crypto-currency was relatively simple due to the small pool of users who knew about it and were using their PC CPUs (essentially the computer’s brain) to perform the calculations necessary.

However, as Bitcoin’s popularity grew, more powerful processors were needed to compete with the influx of new users, and mining progressed to the use of graphics processing units (GPUs), which were equivalent to the power of around 30 CPUs, before then moving to FPGAs, essentially a GPU that runs three to 100 times faster, and finally application-specific integrated circuits (ASICs), pieces of hardware designed solely to mine Bitcoin.

ASICs are now the standard for Bitcoin miners and their costs reflect it, with an Antminer S17, the flagship ASIC from Bitmain, the world’s leading Bitcoin mining hardware manufacturer, retailing at around US$2,700 a pop.

For comparison purposes, a top of the range CPU will usually set you back around US$50-US$300.

Case study

On a corporate level, it is possible to extrapolate many of the costs of running a large Bitcoin mining operation by looking at Argo Blockchain PLC (LON:ARB), an-enterprise scale crypto miner listed on the main board of the LSE.

As of 4 July, Argo currently operates 7,025 Bitcoin mining machines from a data centre in the Canadian province of Quebec.

Assuming these machines are all Antminer S17’s, Argo’s existing operation is worth around US$19mln, while also consuming around US$29,741 a day in electricity costs based on Quebec’s electricity prices.

If the operation runs 24 hours a day, 365 days a year, that’s US$10.8mln a year in power costs alone.

This is only set to increase further, with Argo expecting another 7,000 mining machines to be installed and in production by the end of 2019.

Big Tech needs big power

The seemingly endless hunger of Bitcoin miners for electricity sounds like it would make any environmentalist recoil in terror, and they may have reason to as there are competing reports as to how much carbon dioxide is produced by the global Bitcoin machine despite assertions that most of the power used comes from renewable sources.

A report in May 2019 from cryptocurrency asset manager CoinShares estimated that the global Bitcoin mining network drew around 74% of its power from renewable sources, although a contrasting report in June from journal Joule estimated the network contributed around 22mln tonnes of CO2 each year, around the same amount as Morocco.

However, despite Bitcoin’s massive appetite for electricity, it isn’t the only big tech enterprise straining the world’s energy grid.

Search engine giant Google, owned by parent Alphabet Inc (NASDAQ:GOOG), consumed 8 TWh in 2017 alone, while fellow tech behemoth Facebook Inc (NASDAQ:FB) consumed 3.4 TWh in 2017.

That’s around a quarter of Bitcoin’s annual energy consumption used by only two companies, with other computing heavyweights such as Apple Inc (NASDAQ:AAPL) and Microsoft Inc (NASDAQ:MSFT) likely to push the total for 'Big Tech' up even further as the move toward remote, ‘cloud-based’ data centres and huge server farms become a bigger part of modern computing.

If data centres full of social media photos and cat videos begin sapping the electricity grids, Bitcoin mining will probably be the least of the world’s problems.

This in my opinion is call for thuoght. Technology could start to be blamed for Global Warning,

what do you think ? Please comment below

David Ogden – Http://markethive.com/david-ogden

Initiative Q – free currency

Initiative Q

Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of payment cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join – so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this. Clickon Picture below to Join

Once you sign up I will confirm your account and you will be aboe to earn more Q's by inviting friends

Posted by David Ogden 20/8/2019

David Ogden – Http://markethive.com/david-ogden

Market Network Meets Blockchain

A New Way Is Here And Thriving

Market Networks are doing something in an entirely new way. They are unburdened by the traditional confines of any given industry and provide a value that is different from, and maybe even better than, the standard way. Coupled with the technology of the Blockchain creating a more transparent, immutable and autonomous environment with complete privacy. This new way is more flexible and immediate – for the user and the providers.

Opportunities for these market networks exist wherever there are groups of service professionals supporting an industry vertical. Organizing this way could have a significant impact on how millions of people work and live, and how hundreds of millions buy services.

What Is a Vertical Market?

A vertical market is a market encompassing a group of companies and customers that are all interconnected around a specific niche. Companies in a vertical market are attuned to that market’s specialized needs and generally do not serve a broader market.

The Early Vertical Market Networks comprises of groups of resources specializing in the various products, technologies, or services that constitute the inputs of a particular industry, organized around a market that focuses on monitoring and managing the critical contingencies faced by the network participants in that market.

What Is A Market Network?

A new business model has emerged. Market-networks are hybrid animals: part social network, part marketplace, part SaaS.

Market networks represent a different way to do business compared to sites like Airbnb or Uber that simply aggregate demand. In that model, neither the seller nor the customer matter. A market network elevates the relationship, the reputation, the value. Fees are lower and contracts are simplified. Market networks have stronger retention and engagement than marketplaces

These market network businesses have the potential to disrupt traditional markets by doing something in an entirely new way. They are unburdened by the traditional confines of an industry and provide a value that is different from, and maybe even better than, the standard way.

Thanks to innovation and new technology Markethive has combined the three pillars of the NEW Market Network including but not limited to having a Marketplace, similar to Amazon, Freelancers, eBay you get the picture. This Marketplace is populated with buyers (Markethive subscribers) and sellers (Markethive Entrepreneurial upgrades) and connected in a social network similar to Facebook and LinkedIn the well known social networks; all integrated with a fantastic advanced proprietary set of Market tools (Inbound Marketing platform) known as SAAS (Software as a Service) the Workflow.

What’s unique about market networks is that they:

Combine the main elements of both networks and marketplaces
Use SaaS workflow software to focus action around longer-term projects, not just a quick transaction
Promote the service provider as a differentiated individual, helping to build long-term relationships

The Marketplace Defined

An open square or place in a town where markets or public sales are held.
The marketplace is the interpreter of supply and demand.
Where buyers and sellers connect.

Marketplaces benefit from powerful network effects – supply and demand follow each other – it’s often a high-stakes battle for leadership: when one marketplace achieves undisputed leadership, it can generate huge profits, retain customers and keep competitors at bay.

An online marketplace (or online e-commerce marketplace) is a type of e-commerce site where product or service information is provided by multiple third parties, whereas transactions are processed by the marketplace operator. Online marketplaces are the primary type of multichannel e-commerce and can be a way to streamline the production process.

In an online marketplace, consumer transactions are processed by the marketplace operator and then delivered and fulfilled by the participating retailers or wholesalers (often called drop shipping). Other capabilities might include auctioning (forward or reverse), catalogs, ordering, wanted advertisement, trading exchange functionality and capabilities like RFQ, RFI or RFP. These types of sites allow users to register and sell single items to a large number of items for a "post-selling" fee.

In general, because marketplaces aggregate products from a wide array of providers, the selection is usually wider, and availability is higher than in vendor-specific online retail stores. Also, prices may be more competitive.

Since 2014, online marketplaces are abundant since organized marketplaces are sought after. Some have a wide variety of general interest products that cater to almost all the needs of the consumers, however, some are consumer specific and cater to a particular segment only. Not only is the platform for selling online, but the user interface and user experience matters. People tend to log on to online marketplaces that are organized and products are much more accessible to them.

“Marketplaces” provide transactions among multiple buyers and multiple sellers — like eBay, Etsy, Uber, and LendingClub.

Social Networks

The number of worldwide social media users has reached 2.34 billion and is expected to grow to some 2.95 billion by 2020.

“Social Networks” provide profiles that project a person’s identity, then lets them communicate in a 360-degree pattern with other people in the network. Think Facebook, Twitter, and LinkedIn.

Networks themselves have different purposes, and their online counterparts work in various ways. Loosely speaking, a social network allows people to communicate with friends and acquaintances both old and new.

Definitions of social networks can vary depending on what the network itself offers. One thing that all social networking websites have in common is the ability for users to post a profile. These profiles are basically lists of information that you wish to share with your connections.

Profiles serve to give friends and acquaintances basic information about you at a glance. They list things like your profession and work history, current contact information, likes and dislikes, and your location. Most of this information is protected and can be optional, though it does serve to help others find you more easily.

Social networking is not a static thing. Networks are growing and changing all the time, with new ones popping up at a fast rate. Many networking websites are geared towards users with specific interests and needs, while others encourage everyone to join.

Since this form of networking is always evolving, the definition of a social network will also be fluid. At its heart, however, an online social network is a meeting place for people to extend their reach and stay in contact with their connections.

What Is Unique About A Market Network

A market network often starts by enhancing a network of professionals that exists offline. By moving these connections and transactions into software, a Market Network makes it significantly easier for professionals to operate their businesses and clients to get better service.

Market networks target more complex services. In the last six years, the tech industry has obsessed over on-demand labor marketplaces for quick transactions of simple services. Companies like Uber, Mechanical Turk, Thumbtack, Luxe, and many others make it efficient to buy simple services whose quality is judged objectively. Their success is based on “commodifying” the people on both sides of the marketplace.

People matter. With complex services, each client is unique, and the professional they get matters. Would you hand over your tax planning to just anyone? Or your corporate identity program? The people on both sides of those equations are not interchangeable like they are with Lyft or Uber. Each person brings unique opinions, expertise and relationships to the transaction. A market network is designed to acknowledge that as a core tenet — and provide a solution.

Collaboration happens around a project. For most complex services, multiple professionals collaborate among themselves — and with a client — over a period of time. The SaaS at the center of market networks focuses the action on a project that can take days or years to complete.

Market Networks help build long-term relationships. Market networks bring a career’s worth of professional connections online and make them more useful. For years, social networks like LinkedIn and Facebook have helped build long-term relationships. However, until market networks, they hadn’t been used for commerce and transactions very effectively.

Referrals flow freely. In these industries, referrals are gold, for both the client and the service professional. The market network software is designed to make referrals simple and more frequent.

Market Networks increase transaction velocity and satisfaction. By putting the network of professionals and clients into software, the market network increases transaction velocity for everyone. It increases the close rate on proposals and expedites payment. The software also increases customer satisfaction scores, reduces miscommunication and makes the work pleasing and beautiful. Never underestimate pleasing and beautiful.

Market Networks exist wherever there are groups of service professionals supporting an industry vertical. Organizing this way could have a significant impact on how millions of people work and live, and how hundreds of millions buy services.

Markethive – The Ultimate Market Network Meets Blockchain

Markethive is a social marketing platform for entrepreneurs that has the combined power of Facebook/LinkedIn, Marketo/Hubspot and Amazon/eBay along with Crypto News Sites like Cointelegraph/Bitcoin.com.

Delivering a dynamic social network, integrated with Inbound Marketing (SAAS), numerous commerce platforms, multiple traffic portals, built on the blockchain.

Markethive is a next-generation Social Market Network, built on the Blockchain that has positioned itself as a complete ecosystem for Entrepreneurs. Using the latest technology, it provides prosperous solutions for all business owners, marketers who require an online presence.

Markethive's functionalities include SEO features, Analytics, Customer Management System, Traffic Portals, Capture Page and Lead Creation, Profile Page, E-commerce portals, video conferencing, Blogging Platform and much more. Also included are significant training tutorials and weekly live support meetings.

Creating a “Universal Income” for entrepreneurs. Using their state-of-the-art integrated inbound marketing platform by delivering an infinity airdrop incentive to new subscribers and setting up the entire system to utilize a faucet like rewards for using the system.
Focused on Inbound Marketing, Markethive plugs into all Social Media, simplifying your marketing efforts, with automated email campaigns allowing for lead flow into your designated business. Markethive incorporates collaboration building relationships within the community.

Market Disruption

Market Networks have the potential to disrupt traditional markets.

Who Loses

With any disruptive idea, like the Internet was, not every company will benefit or embrace this trend. Where are the music stores, the book stores, the video stores, the clothing stores today? Not on Main Street! They, as well as millions of other markets, are now operating on the Internet.

Banks are clearly in the path of the disruption of the blockchain, the Big Data social network systems, the online auction, and shopping centers are as well. And companies that resist these trends, blockchain as well as combining the social network fabric with tools into their services are soon to become relics and a footnote in history.

Who Wins

Forward-looking companies that convert to the blockchain to improve the privacy and security of their data and create an environment that is unfettered from political and nefarious agendas, will be the winners on top. As people migrate to better solutions for privacy and security, as the news continues to reveal the agendas of Big Data companies like Facebook and Twitter manipulating their system to favor their agenda and to diminish those who contradict them, as new blockchain companies share the profits via their coins, a new environment will grow with these winners as the losers quickly collapse into obscurity.

The Power Of Blockchain Technology

Just about every company that migrates to the blockchain and new companies launch built upon the blockchain, will prosper, as long as they deliver with the benefit of their customers the prime agenda.

Markethive is positioned and dedicated to being a leader in this new business environment of the people, by the people, for the people in this Blockchain revolution.

Market Networks are also becoming mainstream in a wide range of vertical markets, whereas, the social fiber will become integral with any dynamic vital company out there, like Huber, Tesla, eBay, Overstock, Media, news journals, you get the picture.

Markethive will become the next giant as the next 10 years will be run by blockchain dominated by Market Networks. Markethive is first to market this hybrid in this new brave world.

FOLLOW US ON…

Website: https://markethive.com

Token Site: http://markethive.io/

Telegram: https://t.me/markethive_support

Twitter: https://twitter.com/markethive/

Github: https://github.com/markethive /

Reddit: https://www.reddit.com/r/markethive/

Crunchbase: https://www.crunchbase.com/organization/markethive

Medium: https://www.medium.com/@markethive

Bitcointalk: https://bitcointalk.org/index.php?topic=3309067.msg34535452#msg34535452

Telegram News: t.me/Markethive

LinkedIn: https://linkedin.com/company/Markethive

Facebook: https://facebook.com/MarketHive

Youtube: https://youtube.com/Markethive

David Ogden

Entrepreneur @ Markethive, a global Market Network. Also a strong advocate for technology, progress, and freedom of speech. I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.

David Ogden – Http://markethive.com/david-ogden

THE BITCOIN SKEPTIC – BITCOIN ISN’T A HEDGE FOR ANYTHING

WHAT IS A HEDGE? IT SURE AIN'T BITCOIN!

A “hedge” is an investment made to offset some form of risk. It can take many forms.

An investor may purchase put options on the stock market that will increase in value if the stock market falls. Perhaps a company will open a factory overseas that it exports products to in order to hedge against currency risk.

So the key to a hedge is that it, as an investment, offsets risk in another investment.

Risk is measured by volatility. The higher the volatility of a security, the riskier it is.

HOW TO MEASURE RISK

Volatility is measured by standard deviation.

To provide a baseline, the five-year standard deviation for the S&P 500 is 12. That means the S&P has a 95% likelihood of moving in a range of -24% to +24% in any given year.

Now let’s look at one of most volatile securities there is in the securities markets: crude oil. The five-year standard deviation for the United States Oil Fund ETF is 28.

Bitcoin is more volatile and riskier than this, but it gets worse.

Now let’s look at a 3x leveraged oil fund ETF, one designed to provide triple the returns of crude oil. The five-year standard deviation for the ProShares Ultra Bloomberg Crude Oil ETF is 54.

The five-year standard deviation for the Grayscale Bitcoin Trust ETF is 85. That means the average annual return of this ETF could swing 170 percent in either direction in any given year. That means, yes, it could go to zero.

That’s right. Bitcoin is 60 percent more volatile than even a 3x leveraged version of the most volatile security out there.

THIS "HEDGE" DOESN'T REDUCE ANYTHING

So how on earth could it be a hedge against anything?

Ed Butowsky, Managing Partner at Chapwood Capital Investment Management, tells CCN:

“Bitcoin is literally the riskiest tradeable asset right now, and I wouldn’t even call it an asset. It is literally backed by nothing and based entirely on speculation. That’s why it is so volatile. It's a sucker's bet, not a hedge”

Butowsky also points out that no other chart of any security anywhere correlates, either positively or negatively, to any other asset. Any expert who says otherwise is "dead wrong" – like this guy:

or those who say that makes it a perfect non-correlated asset to the stock market, the idea of a hedge is – once again – to offset risk.

Bitcoin only increases the overall risk in a portfolio.

By Lawrence Meyers 19/08/2019

David Ogden – Http://markethive.com/david-ogden

If LinkedIn Amazon and Hubspot had a baby

If LinkedIn, Amazon and Hubspot had a baby…

Seizing the full potential of a rapidly expanding Social Market Network Ecosystem.

Let us ponder for a moment. What would you get if LinkedIn, Amazon and Hubspot had a baby in this new technological era of Blockchain and Cryptocurrency?

The thought is actually mind-blowing and very much an oil well for Entrepreneurs and Marketers alike. Thanks to the Visionary, marketing guru, and engineering genius, Thomas Prendergast, this has become a reality within Markethive. A complete Ecosystem for Entrepreneurs.

We have an emergence that represents the evolution of Social Media converging with Content Marketing and eCommerce all under one umbrella. This incorporates collaboration which is the necessary component to businesses achieving and maintaining that competitive edge. It combines social interaction with transactions between multiple buyers and sellers utilizing a complete Inbound Marketing Platform and Marketplace, offering clients both choices in networking hardware and software to meet their specific needs along with how they obtain it.

Businesses of all sizes can now benefit from networking and marketing in a way that works best for them. This is what is called a Market Network and not just seen as a type of business, but more of a strategic capability for any organization. With numerous vertical platforms, Markethive combines the best elements of Social Networks (like LinkedIn and Facebook) along with Marketplaces (akin to Amazon and eBay) plus a portfolio of software tools (SaaS as with Adobe) complete with blogging, automated and content marketing (like Hubspot and Marketo).

Opportunities for Market Networks exist wherever there are groups of service professionals supporting industry verticals. Organizing business operations in this way can potentially produce a powerfully significant outreach which subsequently influences hundreds of millions of consumers.

This Baby Is On Blockchain

The complete Markethive ecosystem is built on the Blockchain with its own cryptocurrency coin (MHV) making it a true eco-center. The Social Media we’ve come to know and use for the last 10 years is now filled with controversy and very limited in what it offers its users. It’s become obvious that social media and marketing platforms has no choice but to evolve facilitating a business and commerce friendly Social Market Network environment on blockchain or risk becoming irrelevant.

More and more people are getting fed up with the lack of privacy and intrusive behavior of the tech giants and are migrating to Markethive where they are realizing what Markethive has to offer and their potential within this dynamic platform. Also, there are more people than ever trying to make a living online. We are talking about the little guy and gal or the rank and file that up until now have found it extremely difficult to find the business success or financial freedom they seek. Instead, they have lost thousands in some cases and have been on a proverbial merry go round resulting in devastation and a tremendous lack of confidence.

Markethive is experiencing 30 – 40% growth per month at present and it is still in Beta. It has been developing for over 20 years and was initially the successful Automated Marketing Platform known as Veretek. Since the advent of Blockchain, the company has evolved into a blockchain-based foundation and Markethive was born. This defies the vernacularisms of Social Networks today and is the next generation where privacy, free speech, and personal sovereignty are paramount and the new reality for everyone who becomes part of the Markethive Community.

Markethive Community Is Raking In MHV

Right now we are in the accumulation phase of the Markethive Coin (MHV). Every active Associate in Markethive is currently building their portfolio of coin ready for the launch of the Markethive Exchange and Wallet. This doesn’t mean we just buy the coin. It means we earn it by way of Infinity Airdrops and matching bonuses when inviting new prospects. Also via a faucet system paid for every activity on the platform.

Another upside is Tips instead of Likes. Having your posts and activity “LIKED” has become detrimental to the avid user of Social Media. It’s addictive due to the endorphins released by the attention or notoriety. This is proving to be dysfunctional at an alarming rate. Tipping is more likely to give you a sense of worth on many levels, not to mention a healthier, wealthier looking wallet. I know what I’d rather have.

The Tip Of The Iceberg

This is just the tip of the iceberg. There are so many facets to Markethive, many are operative now and others in the works. Check out this blog to learn about the Faucet and Hive Rank.

There are many more incentives and opportunities to earn and have complete sovereignty and given that Markethive is gamified makes it not only lucrative but also fun.

With the growth of the crypto industry now getting back on track and the fact that Markethive has survived the crypto winter, the platform is not only stable but thriving. The next few months are focused on bringing many new upgrades, enhancements, also planned and new services.

It has gone down in history that 2017 was the year of the scams. 2018 was the year of the purge where a great shakeout occurred. Now 2019 is the year where genuine companies will shine. Markethive has survived and is getting ready for takeoff.

Conclusion

This next-generation baby is a central hub built using Blockchain Technology and an upcoming Media Content Publisher (News and Press Release Site). Markethive is a decentralized, autonomous and fluid environment designed to encourage a reciprocal interchange of ideas, knowledge, and skills, also providing for exchange, sales or purchases of goods, services, and commodities. Whatever your purpose or business, whether you read or write blogs, post or comment on others’ posts, in fact, anything you do in Markethive you will be rewarded with Markethive Coin, in turn creating the velocity and soon to have liquidity through the Markethive Exchange.

With a history of over 20 years of Inbound Marketing, Including SaaS, CRM, and CMS, Markethive does have the edge and is on track to bring proven products and services to a much needy market. This futuristic model is here now and fully prepared for the future. Hop on board and let Markethive take you to the moon.

To finish off, here’s a sweet little lullaby. This rendition was created by CEO and Founder of Markethive Thomas Prendergast. Enjoy!

FOLLOW US ON…

Website: https://markethive.com

Token Site: http://markethive.io/

Telegram: https://t.me/markethive_support

Twitter: https://twitter.com/markethive/

Github: https://github.com/markethive /

Reddit: https://www.reddit.com/r/markethive/

Crunchbase: https://www.crunchbase.com/organization/markethive

Medium: https://www.medium.com/@markethive

Bitcointalk: https://bitcointalk.org/index.php?topic=3309067.msg34535452#msg34535452

Telegram News: t.me/Markethive

LinkedIn: https://linkedin.com/company/Markethive

Facebook: https://facebook.com/MarketHive

Youtube: https://youtube.com/Markethive

David Ogden
Entrepreneur @ Markethive, a global Market Network. Also a strong advocate for technology, progress, and freedom of speech. I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.

David Ogden – Http://markethive.com/david-ogden

Bitcoin BTC-based DeFi project takes its services to Latin America

Bitcoin {BTC}-based DeFi project takes its services to Latin America

One of the main objectives of Bitcoin is to decentralize finances, allowing bitcoiners to manage the sending and receiving of money themselves. Among the community of users and entrepreneurs around this cryptocurrency, the fulfillment of this goal has led some to create products to facilitate the work, such as Decentralized Finance (DeFi) projects.

To learn more about this movement, CriptoNoticias contacted the co-founder of Ledn, Mauricio Di Bartolomeo, a Venezuelan who is working with these products. The project offers a loan and financing platform that works with bitcoins, savings accounts that pay interest on this cryptocurrency since May and also with dollar loans, backed by BTC.

DeFi: a standard for decentralization

As Di Bartolomeo explained, for him DeFi is a movement to generate a standard among ecosystem projects, focused on creating loan solutions or other financial instruments with bitcoins and other cryptocurrencies. “DeFi is a way to create a protocol that standardizes these types of projects and adds liquidity to a platform,” said Di Bartolomeo.

In this scenario, bitcoin is a pioneer and from it, a whole new class of assets is created, the altcoins. “On the basis of bitcoin you can build an apolitical financial system because it is a free transit asset worldwide and if you get your money there will be easier to move,” said Di Bartolomeo.

When you create several digital assets you can start lending an asset with the backing of another, and the opportunity to create this type of protocol is created. With a series or more of a native digital asset, financial transactions can be made between that pair. The more they are added, the more possibilities there are.

Although many DeFi projects use the Ethereum platform, for Di Bartolomeo the financial system alternate to the traditional system must be built “around Bitcoin.” In this case, the idea is to take advantage of the surplus of bitcoins that individual or institutional investors may have to offer them a return on investment and, in turn, offer the opportunity to other users to obtain these bitcoins if they so require. Ledn seeks to facilitate this bitcoin broker through loans and savings accounts in BTC.

A DeFi project that uses bitcoin Bartolomeo called Ledn a kind of bank, but only for the services, it offers. “They are simple services that seek to make people operate with something they are already familiar with and can use it,” he said. In this case, unlike centralized banking, the idea is to use bitcoin to add and disperse capital, so that the economy around the cryptocurrency can be mobilized.

The company has two main products: a bitcoin savings account, which pays interest on the bitcoins deposited, and the dollar loans backed by them. In the case of the loan, the company gives the customer 50% of the price of what it deposits as collateral. «They are still your bitcoins, only that they are under warranty. We issue a credit for half the price of those bitcoins and you can pay it at any time, ”said the Venezuelan.

The co-founder of Ledn explained how a loan could work, using, for example, about USD 1,000 in bitcoins as collateral. In this case, the company grants a USD 500 credit, but if the price increases 20% and the user has USD 1,200 in their bitcoin deposit, canceling the USD 500 Ledn returns the full BTC. “The idea is that you can always keep your BTC for a longer period of time,” said Di Bartolomeo.

Users of this DeFi project can process USD 350 loans, using bitcoin as collateral. In the case of savings accounts there is no minimum amount: “Any person can make a deposit of any amount and start earning interest,” he said.

Expansion to Latin America

It is possible to obtain Ledn credits in Canada and some users have open credits in Sweden and Switzerland. Services are also available in Mexico, Venezuela, Colombia, Argentina, Panama, Peru, and Costa Rica for 4 weeks. While the savings account is available worldwide, except in some US states and some sanctioned countries. Nor is Mexico due to the Fintech Law, according to Di Bartolomeo.

Since its activation in Latin America, web traffic has varied, focusing mainly on the continent.

Traffic has been greater from Latin America than from Canada for the first time in our history. In addition, new users have also been many more from Latin America. As we go now, the direction I see is that we will have about 10,000 users on the continent by December

However, despite the fact that the web has more traffic from Latin America than from Canada, the North American country is still Ledn’s main market.

On the other hand, one of the striking elements of the proposal is that interest is calculated and paid in bitcoin, using a 5% rate. Users must have their BTC at least 30 days on the platform in order to receive these interests.

The amount paid is used as a tax base for the calculation of interest for the following month. These loans do not generate taxes. Since the client does not buy or sell the BTCs to obtain the dollars, there is no sale operation to calculate the effective tax.

Security measures

Regarding security, given that the services involve the custody of bitcoins, either as collateral for the debtor as savings, Ledn is associated with BitGo.

We have direct API integration to BitGo and when users send us the BTC they are sending them to BitGo. That way we protect ourselves because they have the best insurance policy in the industry, for USD 100 million with the Lloyds of London.

In addition, any transaction greater than 1 BTC is verified with a video call. They have also established a multi-signature structure ( multi-sig ) within the organization to initiate, authorize and process transactions. “We have several measures to avoid any kind of attack,” said the executive on cybersecurity measures.

He added that bitcoin facilitates the issuance of credits as customers access them based on an asset they already own. This is a measure that seeks to protect the credit that Ledn issues, and that is why they work with bitcoin as collateral, as a guarantee of that credit.

It should be said that, in the event that the price of BTC is reduced so that the 50% granted in dollars represents a value greater than that retained by the guarantee, the company reserves the right to sell these funds to “balance” the loan , as Di Bartolomeo said. The other way is for users to deposit a bit more bitcoin, increasing the guarantee.

«We require that you put a little more collateral or pay a little credit to rebalance the credit (…) We have the authority and the right, according to our rules of use, to sell a portion of the collateral to repair the credit portion that is necessary, so that we rebalance it to 50% of the value that is under guarantee ”, he stressed.

Positive reception

Di Bartolomeo described the reception of DeFi services by the public as “great”, adding that he believes this is because they are solving a real problem for several bitcoiners profiles.

«If you are a bitcoin company and you have cash flow problems and do not want to sell the BTC, or if you are a person who has a position in BTC and cannot access credits, we seek to solve that problem. We also provide credits for those who want to buy more BTC. With all this, the uses of the product are increased, ”he explained.

On the other hand, it is clear to the executive that many people want to receive passive income from the bitcoins they own. There are also many others who do not want to store their cryptocurrencies in risky places. Therefore, Ledn services aim to help these people in the management of their finances, said Di Bartolomeo.

Bitcoin: a revolutionary tool

We take this opportunity to know the opinion of Di Bartolomeo about bitcoin which, after all, is the basis of all the services offered by the company. The Venezuelan described bitcoin as a “revolutionary” tool, which allows transferring value in a decentralized way, without borders.

For me, Bitcoin is a revolutionary tool that allows you to transfer value in a completely decentralized way around the world, in real-time, in a very similar way to what the Internet allowed to transmit from one end of the world to the other in real-time.

Mauricio Di Bartolomeo, co-founder, Ledn.

The businessman said that bitcoin can significantly change the options that the citizens of the world have on their capital. He considers that “there are more good people trapped in bad countries than bad people trapped in good countries.” For these people, bitcoin can be extremely useful for civil resistance to authoritarianism and government control. This cutting-edge technology gives people control over their capital. The DeFi standard could deepen this potential.

BY MIU LIN ON AUGUST 19, 2019

David Ogden – Http://markethive.com/david-ogden

IRS Sends New Tax Warning to Crypto Users

The U.S. Internal Revenue Service (IRS) is renewing its crackdown on the crypto industry. According to a recent report from CoinDesk, the American tax agency is sending yet another round of letters to individuals it believes is involved in the trading of Bitcoin and other digital assets. This time, those targeted as those that the IRS claims may be misreporting the income gained from trading on exchanges.

This comes shortly after reports arose that the agency targeted users of Coinbase for potentially incorrectly filing their crypto-related taxes.

This latest letter is, according to crypto tax software startup CoinTracker co-founder Chandan Lodha, different than the previous case. He told CoinDesk:

“Basically what it says is ‘hey we have a report from one of the financial institutions you use and the amount they reported to us the IRS is different than the amount you, the taxpayer, reported and this is the amount you owe’ and it’s a 30-day letter meaning you have to respond in 30 days.”

He went on to advise those that have received this letter to respond, even if the recipient or their account doesn’t believe what was accessed.

These recent warnings seem to be a part of the agency’s plan to crack down on the crypto industry. You see, unlike the United States Dollar or the Euro, Bitcoin is a non-sovereign form of money, as are a number of other digital assets. At least currently, that means there are no “banks of Bitcoin”, no taxes that you have to pay in it, or governmental agencies directly overseeing it.

Due to simple politics, this is obviously something that governments across the globe, especially their finance regulation arms, aren’t entirely amicable with. Because you know what they say, “follow the money”.

Thus, the IRS has been renewing its efforts to catch evaders dealing with this asset class. According to an IRS slide deck leaked online earlier this year, the tax authority intends to allow its agents to use a number of techniques and tactics to target evaders. These techniques include interviews, “open-source searches”, electronic surveillance, social media scrutiny, and Grand Jury subpoenas.

By Nick Chong August 18, 2019

David Ogden – Http://markethive.com/david-ogden

How Many of You treat Markethive as Your Business?

I ask this question because the majority of you are still free members and if you are involved in a business, it stands or fails on 3 legs. Time, effort and Money. If one of these are missing the business will fail.

Now some people are putting in time and effort and doing quite well collecting MHV. But you also need to have a monetary stake in your business. A Stake marks your intension to take the business seriously.

I showed in a previous post how to change your spending habits, so as to afford $100 a month. So what do you get from your Markethive business.

1. Premium leads and Associates who can join from Customised capture pages.

2. Autoresponders to communicate.

3. Matching bonuses of MHV when people join or upgrade.

4. Unlimited banners to advertise your own or someone's business.

5. 1/10th of an ILP for every completed year of membership.

Each of there five items could cost you at least a $100 month

So come on Guys and Girls, step up to the bar

Your monthly subscription will provide funding to bring the final pieces of Markethive online, including the Multi-facet Wallet.

David Ogden

Entrepreneur @ Markethive

David Ogden – Http://markethive.com/david-ogden