Austria will Settle the ICO Process by Analogy with Derivatives

In Austria, the Ministry of Finance is going to settle cryptocurrency market, as it had been done in due time with the trade of derivatives and gold. The European Union, in turn, according to Austria, should follow their example, as reported by CCN.

“Cryptocurrencies are significantly gaining importance in the fight against money laundering and terrorism financing,” Loeger said in a statement, according to a Bloomberg report. “That’s an important aspect for the changes we support. We need more trust and more security.” — said the Minister of Finance Hartwig Leger.

According to Leger, any initial offer of coins should be considered as a securities issue. The ICO must be approved by the regulator. And since the minister does not say about the ban of fintech, it is not surprising that such a statement is considered as an attempt to take the new economy in hand.

The minister also took into account the fact that the crypto currency is currently of an unregulated nature, from which the European Union needs to stick to the international regulatory framework regarding crypto currency.

The Austrian government increased the importance of the settlement of the crypto-currency after the notorious Austrian investment scheme called Optioment, which attracted more than 10,000 investors for 12,000 BTC, resulted in more than $ 122 million, and robbed its depositors.

Although Austria has not become deeper in specifics yet, but the UK Treasury is already conducting its research on both the advantages and risks of cryptocurrency, and blockchain technologies in particular.

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Cryptocurrency Prices Today, December 19: Crypto Is Showing A Long-Term Growth, Ethereum Has Overcome The $100 Mark

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Prices

According to the online platform Coingecko, Bitcoin (BTC) added 7.7% in the past 24 hours. The price at the time of writing is $3719 per coin.


Cryptocurrencies are in a stable green zone:

Bitcoin Cash added 26.34% over the past 24 hours and costs $114 per coin;

Ripple increased by 9.85% and its cost is $0.37;

EOS grew by 21.76% and its price is $2.45;

Litecoin gained by 5.56% and its value is $30;

Cardano became more expensive by 9.31% and its cost is $0.035;

Stellar added 9.06% and costs $0.11;

IOTA flew up by 16.4% and its value is $0.24;

Dash grew by 10.15% and its price is $79;

Monero became more expensive by 11.13% and costs $48.

Over the past 24 hours, Ethereum has added 8.99%. The coin rate is $103, according to Coin 360.

The total market capitalization rose to $123 billion. Bitcoin’s share is 53.7% of the total. In monetary terms, it is $66 billion.

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The Schoolboy Bitcoin Millionaire Believes that Bitcoin Is Pretty Much Dead

As it has been reported by the Marketwatch, Erik Finman, a teenager who became a millionaire back in the times when Bitcoin cost 20 thousand dollars, gave a very negative outlook for BTC in the future.

Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last. It may have a bull market or two left in it, but long-term, its dead,” said Finman.

As for Litecoin, here the teenager is sure that this coin “has been dead for a while”. He also mentioned those coins that, in his opinion, still have a chance at the market, such as Ethereum, ZCash and, surprisingly, Bitcoin Cash.

Although Eric is still very young and not that experienced, the fact that he owned 4 million dollars in BTC in 2011 make his predictions quite reasonable.

We remind you:

How Is a Schoolboy Millionaire Doing: A Story About the Youngest Bitcoin Richer

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Cryptocurrency Prices Today, December 18: BTC and the Rest of Cryptocurrencies Are in the Green Zone

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) added 5.7% in the past 24 hours. The price at the time of writing is $3453 per coin.

The remaining cryptocurrencies are also in the green zone:

Bitcoin Cash added 6.69% over the past 24 hours and costs $86 per coin;

Ripple grew by 13.39% and costs $0.33;

EOS increased by 21.76%, and its price is $2.45;

Litecoin gained 4.28%, and its cost is $28;

Cardano added 9.69%, and its value is $0.031;

Stellar became more expensive by 10.69% and costs $0.10;

IOTA grew by 11.83%, and its cost is $0.24;

Dash gained 8.82%, and its price is $69;

Monero added 6.58% and costs $43.

Over the past 24 hours, Ethereum added 7.80%. The coin rate is $93, according to Coin 360.

The total market capitalization is $112 billion. Bitcoin accounts for 54.4% of the total volume. In monetary terms, it is $60 billion.

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Skynavpro™: Safety In the Air Traffic

Have you ever thought how many air flights are conducted in the sky everyday? More than 100,000 per day. With the scientific development and aviation itself, there has appeared a new type of flights – unmanned, using  UAV (Unmanned Aerial Vehicle, commonly known as drones). As you may have deduced, controlling all of them is a tremendously hard work; airports have no margin for error, thouthands of people’s lives are at stake. Thus, it is essential to advance navigation system, which Skynavpro™ is prone to do.

What is it itself?

Skynavpro™ is a navigation software integrated in a specially developed hardware for communication, collision avoidance and live tracking for general aviation. Its shape is a single portable box, where all the information is being saved.

The goal of the project is to create a cockpit architecture based upon portable devices. Moreover, the Team has also decided to develop blockchain-operated flight-planning and tracking platform to secure all the information on blocks inside the box.

What does the project offer?

Skynavpro™ provide all relevant flight information in one box. All you need is just buy the necessary hardware, install them and enjoy the following services :

  • free planning and navigation;
  • flying weather data;
  • 2-way text communication;
  • worldwide tracking;
  • a traffic monitor for collision avoidance;
  • SOS emergency calls.

The services are provided depending on the account: free or premium. The hardware that you may need divides into types. The first, the basic one, is BlueLine, it gives the possibility of communication for tracking and weather data. The other one is RedLine, which completes the former  through the integration of collision avoidance systems, like ADS-B (Automatic Dependant Surveillance – Broadcast) and FLARM.

ICO details

The token of the project is SNP, the total amount of which is 400 000 000, but only 240 000 000 goes for sale. Pre-ICO has already started, it will last till December 31. During the pre-ICO, the distributed amount of tokens is 60 000 000, and the price of SNP equals $0.035 + (50% Bonus). Though, during the ICO itself, the distributed tokens will increase to 100 000 000 and the price of SNP will become $0.070. The hard cap is $9 million, the soft cap is not required. The accepted currency is ETH, as the token is based on Ethereum protocol.

If you are interested in the project, please follow the link to find more information.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark 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 article.

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Blockchain Specialists: Who Are They and How Much Do They Earn?

Relatively new blockchain technology is developing quite actively in recent years, which inevitably leads to increase of jobs number in this industry. Considering that, the infrastructure is still not very developed well in this area, it can be assumed that the trend of increased demand for qualified personnel will still remain for many years. In this article we will talk about blockchain specialists, find out who employers are looking for, what average salaries are offered, and in the end we will talk about where to learn this craft.

1. Briefly about blockchain technology

Let us briefly remind what blockchain is, and why many people predict a great future for it? So, in simple words, blockchain is an open (that is, public) registry of data, which is stored in separate blocks and has a chain structure. Each subsequent block stores the information about the previous one. For example, let`s take a usual book, which is divided into separate pages, so after 45, there 46, 47 should go, etc. Attempts to change or delete a block, which has already been entered into blockchain, will immediately be noticed by the network.

The increased security of Blockchain is backed up by data storage. The fact is, that the entire data registry has hundreds of thousands copies (depends on number of miners in network), which are located throughout the world.

2. What experts are now in demand in the industry and how much do they earn?

When it comes to blockchain specialists, most people imagine a highly qualified programmer who knows all the programming languages, Morse code, and the depths of cryptography. But in reality, to be a fairly successful developer, you need to know:

  • basics of programming;
  • C ++ language ideally, but this is optional, Python, Java, Golang, etc. will also work.

Having these knowledge and at least minimal experience in programming, one can become a blockchain developer without any particular problems. The wage, in this case, will directly depend on experience, depth of knowledge and a particular company. In Europe and the United States experienced developers can get to $175 thousand per year. But it’s not necessary to be a programmer to work in the blockchain industry. This is not a complete list of vacancies, this young market needs:

  • Investment Director. It is a key position in any crypto startup, because its main task is to search and work with potential investors. This is a quite difficult job, because now many people are still wary of cryptocurrencies and blockchain as a whole, and they are not in a hurry to invest their savings. The salary depends on the amount of raised funds, from which a certain percentage is given to an investment director.
  • Marketer, PR manager. As Thomas Macaulay said: “Nothing Except The Mint Can Make Money Without Advertising”. This profession is very relevant absolutely in any field and the blockchain industry is no exception. To succeed in this position, the specialist is obliged to speak several foreign languages, to have experience in international sales. Salaries of the specialists depend on the scope of a project, as well as a marketing record of a marketer.
  • Bounty manager. The rapid development of the ICO market has led to emergence of brand new professions. This position involves conduction of all processes, interaction and verification of performers for tasks implementation. Salary of these specialists can hardly be called high, it rarely exceeds $1,000.
  • Crypto analyst. This profession implies the deep knowledges of the cryptocurrency market. An analyst should be able to carry out a fundamental analysis of any coin, and on the basis of this data make his or her own predictions of investments growth. This is one of the most promising areas in the blockchain industry, since the analyst’s wages have no limit. Large investors will be happy to pay a certain percentage of commission to a such specialist for a good tip.
  • Lawyer. There is literally “a long row to hoe” in the blockchain field for these professionals. The fact is that legislative base here is still at a very early stage of its development and there is still a lot of work to be done in this direction.

We want to remind you:

Facebook Is Once Again Looking for Blockchain Specialists

3. Where to study for a blockchain specialist?

Higher-education institutions are already training specialists in this direction. A number of leading universities offer introductory courses into blockchain, cryptocurrency, etc.

To master any of the above mentioned professions of the future, you can take online courses on the Internet, the number of which is sufficient now. But when choosing a training program you should be extremely careful and before entrusting your money and time to some “blockchain guru”, read the information about him carefully.

4. Conclusion

The crypto industry differs with a rather rapid pace of development. To work in this area, you must always keep “your eyes open” and be able to adapt quickly to a new circumstances. Every year new professions appear, which offer new opportunities and high wages.

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Chinese Bomb Bitcoin: Hong Kong Business Person Was Blackmailed Demanding $20 000 in Bitcoin

According to the report of South China Morning Post, Hong Kong businessman was threatened with blowing off the building where his company is unless he sends $20 000 in Bitcoin. The scheme was the same as we reported earlier:

Bomb Bitcoin: A New Scammers’ Scheme of Getting Cryptocurrency

The victim who received a blackmail is the CEO of Network Box, Michael Gazeley. He commented on the situation, stating:

“This looks like the third wave of blackmail emails plaguing the world in the past few years… I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.”

In addition, he claimed at first he was shocked, then he noticed that there were some grammar mistakes which helped him to understand that the email was not worth believing. It was quite clear that the main target was individual rather than bombing an office. He did not report to the police of Hong Kong as considers that email not credible.

Charles Mok, the spokesman of the IT sector in the Legislative Council of Hong Kong, was abashed by the quality of threats.

He said: “Scammers need to be smarter, they can’t just say in a spam email, ‘You need to pay me or I blow up your office’.”

We remind you

The Most High-Profile Scam Projects of 2018

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