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Russian Intellectual Property Court Trials Blockchain to Store Copyright Data
n A Russian court dedicated to the copyright area has stored data on right holders on blockchain in cooperation with a local startupn
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Chinese Arbitrator Reaffirms That Bitcoin Can Be Held, Privately Transferred as Property
n A Chinese arbitration court has ruled that Bitcoin is protected as property, as there is no law … that explicitly prohibits parties from holding bitcoin or private transactions in bitcoinn
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Crypto is Property Chinese Court Upholds Citizens Rights to Own Bitcoin
n nn nn The Shenzhen Court of International Arbitration SCIA has recently affirmed that cryptocurrencies, specifically bitcoin and several of its hard forks, are considered legal property and Chinese citizens have a right to own and transfer them.The SCIA recently published an analysis of a contract dispute over WeChat, describing the legal proceedings of a case in which one individual managed nearly 0,000 worth of crypto assets on behalf of another private ind
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Chinese Arbitration Court Rules that Bitcoin is Protected Property
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Multi-Million Dollar New York Property Tokenized with Blockchain
As the tokenization trend reaches new heights, a New York real estate agent and a property developer are using the blockchain to tokenize a multi-million-dollar Manhattan property in order to secure greater and more consistent funding.
The property consists of twelve 1,700 square feet units and is located in the popular Manhattan neighborhood of East Village. Recent appraisals place the value of the property at million, all of which will be funded through tokenizing the property in order to avoid the issues incurred by traditional bank-led financing.
While speaking to Forbes, the real estate agent leading the project, Ryan Serhant, who is also the star of the popular Million Dollar Listing New York television show, explained that this new method of raising funds is highly effective and could be the future of the real-estate industry.
“The market in New York is always strong, but it can take some time to sell for the right price in a new construction building. With blockchain tokenization, we can remove the unruly pressure of traditional bank financing, which is much healthier for the project and all of the stakeholders. Tokenization is paving the way for a new forefront in real estate development,” Serhant said.
Potential Risks of Blockchain Security Token Offerings Averted by Using Regulated Venues
Although it seems like a flawless way of raising capital, there are risks currently surrounding tokenization, including the designation of these token products as securities by regulatory authorities.
Currently, there is a division that exists in tokens, consisting of utility tokens and security tokens. Utility tokens are commonly defined as digital tokens with a specific purpose, like financial transmission, and are compared to security tokens, which typically represent an investment in a project, company, or a centralized authority whose actions directly impact the performance of the related investment product.
Despite the apparent risk involved with property tokenization and the tokens definitions as commodities or securities, the Manhattan project is being done with Propellr and Fluidity, two companies that have created a financial token-based fundraising framework that is fully compliant with US securities regulations.
Todd Lippiatt, CEO of Propellr, discussed the new fundraising model while speaking to Forbes, saying:
“Traditional securities structures and issuance frameworks haven’t evolved in a long time. With blockchain technology, a transparent and trustless ecosystem can start to solve the information asymmetry that hinders the market’s potential for liquidity. This asset, structure, sponsor, and sales team showcase this evolution. With proper discipline and respect, the future is bright for tokenized securities.”
Propellr is a FINRA registered broker dealer, who offers investors a way to store and transact security tokens without risking investment loss due to government regulatory actions.
In order to enable financing rounds for projects like the million Manhattan project, Propellr partnered with Fluidity, who is compliant with US securities act 506(c), which allows them to sell securities directly for fiat currency.
Partnerships like the one between Propellr and Fluidity are a critical component in bringing blockchain-based funding alternatives, like tokenization, to all markets, including real estate and traditional corporate financing.
Featured image from Shutterstock
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Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax
Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week, traders are expecting higher high meaning our last Bitcoin trade plan is still valid.
Latest Bitcoin News
As long as investor money is involved, regulation is inevitable. All eyes are on the US SEC. If they do give approve Bitcoin ETFs, then prices will undoubtedly surge. While at it, the decision by a Federal US judge on Sep 26 declaring that all cryptocurrencies should be viewed as commodities should be a cause of concern. In fact, it’s confusion for coin holders from a legal stand point. Going forward, the CFTC will literally police the space on matters crypto fraud. That shouldn’t be the case. Simply put, the law is just too broad for cryptocurrencies to be considered commodities because of their association with Bitcoin.
If anything, the CFTC might be labeling Bitcoin a commodity because of Bitcoin Futures. However, their conclusion that all coins are commodities regardless of their internal structure and functioning is naïve to say the least. It’s clear that the case against Randall Crater is justified.
With the CFTC successful, the regulator might end up overstepping bounds. Commentators are worried that they might even go after liquid coins for their past misgivings if in case there was a fraud related case. To justify their move, the CFTC will point at the Commodity Exchange Act and U.S. District Judge Rya Zobel interpretation.
Bitcoin Price Analysis
Weekly Chart
Prices are stable and up roughly two percent in the last week. Though this isn’t what investors were expecting, it appears that Bitcoin is in accumulation phase. Besides, it is still trending inside a descending wedge with clear support and resistance levels. If anything, the positive sentiment around crypto and investor expectations of higher highs could inject some momentum on bulls. However, considering the deep retracement of the last couple of months, pragmatists want to see evidence of higher highs.
Empirically, that means prices must edge past ,200—our main resistance and buy trigger line laid out in previous Bitcoin price analysis. Remember, movements above ,200 mean prices would be trading above the main resistance trend line and above the wedge. This will, from a pure price action point of view, attract bulls.
Conversely, a contrarian break out that see declines below ,000 could fuel more draw downs with sellers aiming at ,500 and later ,000. That is unlikely thanks to this week’s long lower wick meaning there are opportunities for higher highs in lower time frames for aggressive type of traders.
Daily Chart
Aside from occasional spikes towards ,500, Bitcoin prices are in consolidation. Visible limits are roughly between ,000 and ,000. Coincidentally, these are our important trade triggers and reaction points. With a slowing market and expectant investors, there appears to be an undervaluation of some sorts.
Of course, fundamentally Bitcoin is bullish but for prices to edge higher, bulls must first close above ,000 and ,200. But, this doesn’t mean aggressive traders cannot trade. Because of higher highs in lower time frames, we suggest risk off traders to buy at spot prices with stops at ,300 with targets at ,200.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
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Two US States Implore Indian Authorities to Seize Property of BitConnect Promoters
n The U.S. states of Arizona and Illinois have asked Indian authorities to seize the property of BitConnect promoters, who are suspected of embezzling .6 billion from investorsn
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IPCHAIN Database: Protecting Intellectual Property with Blockchain
IPCHAIN Database represents a unique use case of Blockchain technology and ensures the optimal protection of intellectual property – thanks to the cooperation with international IP authorities and stakeholders.
Protect, securely share and sell your creative work and sensitive information with IPCHAIN Database, which is designed to address the needs of scientists, inventors, artists, and companies. The platform protects all types of intellectual property by placing a hash securely on the Blockchain. IPCHAIN Database puts special emphasis on the protection of inventions and scientific findings through defensive publication and ensures that patent offices will be able to quickly access this information during their research. But also all other types of IP – such as data, text, images, music, videos, code, 3D assets, websites or trade secrets – can be protected using IPCHAIN Database. Users will be able to securely share confidential information by quickly adding non-disclosure documents to the Blockchain and will also be able to use the IPCHAIN Database marketplace to sell or buy intellectual property.
IPCHAIN Database is fully dedicated to the protection of the works of innovators and does so in collaboration with patent offices and leading IP experts. The uniqueness and significance of the platform can be easily demonstrated using the example of a scientist who publishes a defensive publication via IPCHAIN Database. The aim of such a publication is to prevent others from filing a patent for his idea (as novelty is a prerequisite for patent applications). This requires not only the safe storage of data, but the patent offices need to be able to find that data during their prior art research. Thanks to its relationship with patent offices, IPCHAIN Database’s architecture has been designed in accordance with all applicable policies and requirements to ensure that the user’s data will be considered in such research done by the authorities.
IPCHAIN Database has many partnerships with leading stakeholders in the field of intellectual property – among them WIPO Green (a division of the World Intellectual Property Organization WIPO), the Dennemeyer Group (the world’s largest IP law firm) and the Marie Curie Alumni Association MCAA (representing the interests of over 10,000 leading European researchers).
The pre-sale of IPCHAIN Database starts on March 24th.
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IPCHAIN Database: The Best Way to Protect Intellectual Property
IPCHAIN Database is designed as an innovative application based on Blockchain technology and meant to protect all forms of intellectual property (IP) such as inventions, scientific research, music, video, etc. The project addresses the needs of artists, inventors and scientists and is supported by key players within the industry. The team behind IPCHAIN Database has started the project following extensive research, market analysis and numerous talks to experts on intellectual property.
The platform aims to solve multiple issues surrounding the protection and use of intellectual property. One major issue with intellectual property is that its monetization requires legal protection, which can be difficult and costly to come by and many IP owners are do not have the means to ensure suitable protection. Traditional means of protecting intellectual property are often technologically outdated and are expensive and as such favor big companies, who can pay high fees for registering their IP. Aside from this, the process is tedious and complicated.
However, through the IPCHAIN Database platform, individuals will have the ability to both prove their authorship and thus protect their intellectual property quickly and at a low price. Users will save their IP on the Blockchain and will thereby receive a time stamped proof of authorship, which cannot be tampered with or edited and thus act as suitable proof in legal proceedings. Users will also be able to use the platform’s Blockchain based architecture to safely share confidential information and to securely sell their IP.
Who can use IPCHAIN Database?
- Inventors can use it to protect, promote, and trade intellectual property rights.
- Artists can use it to secure proof of their authorship, sell rights, and protect their property such as music, video, art etc.
- Companies can use it to protect, cooperate, and trade their IP including trade-secrets.
- Scientists can use it to safely share and protect their findings and publish them on the Blockchain
The advantage of IPCHAIN Blockchain
The following are few advantages of the platform
- Optimal protection against fire, data corruption or theft.
- The swift process of claiming ownership of novel concepts
- Creative UTXO Business Model
- Quick and cost-effective
- Flexible and incorruptible
- Complex Yet Flexible Transactions
- Mobile Application Support
Presale of Token
The use of the IPCHAIN Database, which is to be released at the end of 2018, will require IPCHAIN Tokens. These will be available for purchase during the company’s official Token Sale. The presale of the IPCHAIN is scheduled to take place on 24 March 2018. The breakdown of the token, as explained in its whitepaper follows:
Hard Cap: 20,000,000 USD
Total Tokens: 15,000,000
Number of Base Tokens for Sale: 8,500,000
Bonus Tokens (incl. Strategic Fund): 1,500,000
Tokens for Project Fund (team & development): 5,000,000
Tokens available in Pre-Sale: 7.5% of Base Tokens
Strategic Fund for early investors: 3.1% of all Tokens ma
Conclusion
IPCHAIN Database is the latest blockchain technology designed to revolutionize the way we protect, register, and transact intellectual property. Once successful, it will make it much easier and accessible for organizations and individuals throughout the world to buy, protect, and sell their IP rights. This process will be easier and faster when compared to our current traditional processes.
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