SALT stands for Secure Automated Lending Technology. It allows you to keep your cryptocurrency (bitcoin, ethereum & crypto) and borrow against it. SALT Lending holds the value of the cryptocurrency and borrow fiat currency (USD, YEN, EURO). This could change the world of lending.
You could borrow without having credit checks and proof of income. And the lender holds actual collateral. I hope it works. It is definitely a good idea, but there may be some drawbacks.
1. Cryptocurrency volatility. Since the value of cryptocurrency can go up and down so rapidly how can the lender and the borrower maintain the agreement? The borrower is supposed to make up the difference between the amount borrowed and the collateral if the crypto being held goes down.
2. State by State Regulations. Lending is regulated by each state so Saltlending will have to be authorized to act in each state.
3. Centralization. There are pros and cons to centralization. Pros: regulation requires it, faster decisions. Cons: easier to attack, governments can shut it down or apply restrictions in their areas, organizational greed.
BLOCK.ONE and TOMORROW BLOCKCHAIN OPPORTUNITIES announce formation of EOS.IOBlockchain Focused Fund.
DENVER, CO – JANUARY 16, 2018 – BLOCK.ONE today announced with TOMORROW BLOCKCHAIN OPPORTUNITIES (“TomorrowBC”) the creation of a fund to exclusively invest in opportunities leveraging EOS.IO software. This is the first announcement for BLOCK.ONE’s EOS VC partnership program to stimulate EOS.IO innovation. TomorrowBC aims to invest in trailblazing entrepreneurs and companies looking to shape our future utilizing new technologies, like the EOS.IO blockchain open source software.
Derek Rundell, a managing partner of Eric Schmidt’s venture firm, TomorrowVentures, is the Managing Partner of TomorrowBC. Rundell said he is “excited to draw on the knowledge, relationships, and experience that helped make TomorrowVentures a success.”
With a $50mm initial close, seeded by BLOCK.ONE, TomorrowBC is poised to take advantage of companies reshaping many traditional and emerging industries.
When asked about the potential of the new disruptive technologies on the future, Schmidt said, “The possibilities created by these new technologies are going to be monumental. I am excited to see where the pioneers of these new emerging technologies can take us.”
Brendan Blumer, CEO of BLOCK.ONE, echoed Schmidt’s sentiments, “We are excited to work with an established and experienced team that is focused on developing disruptive companies and technology. The open source EOS.IOsoftware fundamentally enables new community driven business models capable of disrupting the largest incumbents across all major sectors, and BLOCK.ONE will be heavily investing in this future.”
BLOCK.ONE is a leading developer of technology solutions including blockchain software development. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including the development of the EOS.IO software. For more information visit BLOCK.ONE.
ABOUT TOMORROW BLOCKCHAIN OPPORTUNITIES (“TomorrowBC”).
TomorrowBC is a venture capital firm focused on opportunities that utilize blockchain technology to enhance the way we live, work, and play. For more information visit http://www.TomorrowBC.com.
Someone asked me how to buy alt coins with bitcoin. I go to coinbase and buy bitcoin then use that to buy altcoins on bittrex. I recently found out the GDAX (owned by coinbase) and Binance is better. This is just ONE way to do it. Definitely not the best.
It’s come to our attention that there is a phishing scam where someone is impersonating Kin Foundation in an email (the email copies the look and feel of our brand and appears very similar).
Please note that we would NEVER ask you to click a link and verify your balance (in the phishing email, this action leads to a malicious link and transfers the amount you enter). This is a scam. Please DO NOT follow these actions.
Also, please note that the personally identifiable information you submitted during the KYC process of our token sale is safe (e.g., passport number, SSN, address, etc.).
We want to let you know that our security team has recently detected a series of phishing attacks and some of our users have already been affected. During these attacks, malicious sites impersonating Xapo’s platforms, requested crucial security information such as login credentials from our users.
At first glance, it is extremely hard to tell the difference between some attackers and a real site. This comparison below shows how difficult this can be.
FAKE XAPO Address
Correct Xapo Address
Our security team also discovered advertising campaigns claiming to be from Xapo and redirecting to a malicious site.
The security of your account is a priority to us! That is why we’ve come up with a list of measures that you can take to protect yourself from this kind of attacks.
1. Never enter your 6 digit SMS code on a website. The only safe place to enter it is your Xapo Mobile App.
2. Look for the secure HTTPS certificate in your address bar.
Cryptocurrency Youtubers 🤑 are cropping up all over the place. And to be honest we need more to cover all the innovations of the cryptocurrency space. This fintech (financial technology) is moving very fast. This is just a break down of some of the folks I am currently watching. As I am going through this I am noticing several others I did not mention! Who are YOU watching? Cryptocurrency Youtubers 🤑 1 – Chris Dunn –https://chrisdunn.com I knew of chris dunn when me an @yurisincero got into options trading. I had watched some of his videos before. I was very excited when I realized how deep he was into cryptocurrencies. Check out his youtube site: https://www.youtube.com/user/chrisdunntv 2 – Cryptocurrency Market.com – This is a business that consists of TaiZen and LeonCfu (@cryptomarket on steemit). Their youtube channel ishttps://www.youtube.com/user/PrisonOr… 3 – Aaron.ag – Aaron’s coin prediction game is ridiculous. I am not going to say that he is ALWAYS right, but wow. https://www.youtube.com/channel/UCZRS… @aaronag I think his skillz are from his life as a Wallstreet guy. 4 – Cryptoverse – “On today’s episode of the cryptoverse…” this is Chris’ opening line. SOLID objective information on what is going on, no fluff, no distractions just pure crypto news from a smart dude.. or should I say “bloke”. 5 – Trevon James – “Don’t talk to me unless it’s about intangible coins.” – Trevon James. If you want some great, funny, entertaining and informative conversation about what is going on in the cryptoverse, Trevon is your guy. Check him out on Steemit @trevonjb and Youtube:https://www.youtube.com/channel/UCWZb… 6 – Ryan B Hustle – What I like about Ryan is that he really explains highly technical issues well. He is also very open about is “hustle”. Check Ryan out at @rowbvp and on YT:https://www.youtube.com/channel/UCOjv… 7 – Craig Grant – Craig is like the poster child of Cryptocurrency Youtubers.. conspiracy theory ✅, $mart as F$%✅, 24/7*hustle^10✅, GOT MONEY out the anus✅. Many other youtubers mentions him because they ALL follow him.. he is your cryptocurrency Youtuber’s favorite youtuber. CraigG is a Steem Whale @craig-grant who can go off the top of the head on content and make 1000 usd on some shit he spent 6 minutes creating… yeah.. it is pretty ridiculous: https://www.youtube.com/user/craigran… check out his book:http://www.blurb.com/b/5897599-now-01 8 – Cryptnick – Ok try not to be mad.. but Cryptonick is a kid that probably makes more money than your parents. Nick is actually one of the first guys I found talking positively about cloudmining @cryptonick https://www.youtube.com/channel/UCPWH… 9 – Crypt0 – Omar Bahm is one the smartest most articulate guys on Youtube talking about Cryptomarkets. The first video I saw from him was him setting up his first mining equipment in his house. https://www.youtube.com/user/obham001 @crypt0 check out his site: www.crypt0snews.com 10 – Boxmining – I don’t normally seek out his information but he has put out so much good stuff that I always stumble across it on the interWebs! @boxmining 11 – BitcoinMeister – “Adam Meister.the bitcoin meister.. the disrupt meister” When I first saw the bitcoin meister I thought he was crazy! But then I realized that ALL crypto guys have this DNA. An AGGRESSIVE (usually) nonviolent active passion for freedom, crazy smart, paranoid, anti-government.. But wow, great information.