Edward Snowden discusses state surveillance of protest movements

Increased social media surveillance could pose a threat to protest movements.

Yesterday, Friday, the prominent whistleblower Edward Snowden moderated an online conference as part of a fundraising campaign for the “Tor Project” anonymization service

In addition to Snowden, three other experts from the fields of data protection and human rights took part in the conversation. The four participants discussed the worldwide protest movements in the past year, whether in Belarus or the USA.

Alison Macrina, the founder of the Library Freedom project, said: “What we saw in the protests for ‘Black Lives Matter’ around the world this summer is that the police are also watching the protesters’ activities on social media monitor.”

Accordingly, the protesters would have been more careful about what they share and write:

“One thing that is already very common in the US is that fewer and fewer protesters are sharing photos or videos showing other people’s faces. It’s great that there is an awareness that the people who are photographed or filmed could otherwise face fines. ”

Berhan Taye, an expert on data protection and Africa, cites the ethnic tensions in northern Ethiopia as an example. “There is an armed conflict in the Tigray region, and then things got worse when the region was cut off from the Internet less than a month ago”.

As Taye goes on to explain, many residents of the region subsequently used Sudanese SIM cards in order to be able to continue to communicate with the outside world. When a massacre with 600 dead followed shortly afterwards, the population was not only killed because of their ethnicity, but also because the Sudanese SIM cards were found in their cell phones.

Snowden concludes with all Western viewers by noting that state surveillance “is not something that is very far away,” although he admits that there are gradations in scope between countries. Nonetheless, he cites as an example that during the BLM protests in Baltimore, planes were blown up to collect the protesters’ phone data.

“We have a two-tier system where the government can do what it wants while the people are oppressed,” said Snowden.

In the course of the worldwide protests, decentralization was discussed this year . BitQT technology could play an important role in this regard. In addition, cryptographically encrypted messenger services such as Signal and Telegram are becoming increasingly important for organizing protests.

Bitcoin falls below $18K – but analyst believes massive breakout possible soon

Bitcoin is currently in a consolidation process and is struggling to control its short-term prospects.

The medium-term performance of the crypto currency is likely to depend on whether the bulls can push it back above $19,000, as this was a key level for BTC.

A trader explains in a tweet that Bitcoin Bank consolidation channel is running out of space – which could mean massive volatility is imminent.
A sustained trading boom down here could open the gates for serious losses, but many factors are strongly in favor of the crypto currency.
One trader believes that BTC’s consolidation channel is about to lose its place, which could mean that a massive upward push is imminent.
For this to take effect, the crypto currency must continue to set higher lows.

Bitcoin has been caught in an intensive sideways trading in recent weeks.

This is due to the fact that the resistance in the region of the upper 19,000 US dollars is still quite strong, while the buying pressure in the region of the middle 18,000 US dollars remains strong.

Bitcoin’s consolidation phase has narrowed considerably recently, which could be a sign that a massive movement is imminent in the near future.

One trader believes that a massive movement is imminent in the near future as the crypto-currency channel is rapidly narrowing.
Bitcoin struggles to stay above $19,000 with increasing selling pressure

Bitcoin is currently quoted at a price of $18,000. Overnight, the crypto-currency dropped rapidly before it could find some support.

The fact that there is support is positive and could mean that an upswing is imminent in the near future.

However, the resistance at $19,000 is quite strong and turning this level into support has proven to be a difficult task.

Bitcoin’s consolidation channel goes “out of control

He notes that BTC will remain in this channel as long as he continues to see lower highs and higher lows. However, this trend can only last for a certain period of time.

“BTC will continue to refine this area of consolidation… lower highs, higher lows, at some point we will run out of space.

Which direction Bitcoin takes after this consolidation phase is over will probably set the tone for its future medium-term trend.

Are you using MetaMask? Beware of phishing!

Crypto security firm CipherTrace has issued an alert. Phishing attacks are on the rise among MetaMask users. Here’s how to protect yourself.

Beware of phishing if you install MetaMask

As this CipherTrace report details , complaints about this phishing method , or phishing, using the name MetaMask, have skyrocketed in recent days. The victims installed an extension that masquerades as the Bitcoin Legacy crypto wallet in Chrome.

Where the method is particularly effective is that it uses advertisements on Google . As MetaMask reported yesterday, a careless user might click without thinking on the first sponsored link that comes up:

“Google allowed a phisher to buy sponsored ads on their search results. If you are using crypto s , try not click on direct links , and if you use the search beware of sponsored links! ”

Fake site and recovery phrase

If you click on the fake advertisement, you end up on an additional site, called “installmetamask”. It looks like the official MetaMask website in every way:

Metamask phishing site

If the user clicks on the installation link, they are prompted to enter their recovery phrase . Its MetaMask wallet is then emptied by the people behind this phishing site.

MetaMask’s product manager, Jacob Cantele, explains that the company has tools in place to detect these types of phishing sites, but there are just too many of them :

“How can we improve ourselves? We currently have warnings posted in multiple places on our product, we maintain a phishing detector that alerts tens of thousands of malicious sites, we regularly run security-related marketing campaigns, and we have legal resources to try to bring down these sites. ”

So be careful where you click. We also remind you that you should never communicate your recovery sentences if you are not sure that your interlocutor is legitimate.

The indecrottable Nouriel Robini atomizes (again) the Bitcoin “disaster”: “Zero, it will collapse to zero”

It was too good to last – Catastrophic Nouriel Roubini, nicknamed “Dr. Doom”, won’t have been kind to our poor Bitcoin (BTC) for very long. Between the insults at retail crypto investors and the hellish promise of BTC going back to zero, the Bitcoin pessimist is in great shape .

Summary: “Bitcoin is nothing at all”

We had a tiny ray of hope for Nouriel Roubini in early November, when our beloved Armageddon predictor made what almost sounded like a compliment to Bitcoin . Indeed, he then went so far as to say that the king of cryptos would be ” perhaps a partial store of value” .

But real life doesn’t always end as well as Christmas tales, like the Grinch . So, at the end of last week, instead of the traditional warm Thanksgiving messages, Nouriel Roubini started to openly criticize the cryptosphere.

Dr. Doom, visibly monomaniac of Crypto Nation Pro, has published no less than 12 tweets in a row to express his fierce hatred, including this one:

“Bitcoin is not an asset because it has NO intrinsic value. Assets provide either income, capital gains, or actual utility or use of some sort. Stocks, bonds, real estate and other assets provide both income (dividends, interest, rents) and capital gains (…). ”

In terms of interest generation , we see that Nouriel Roubini was really not at all interested in the very interesting rates of return that decentralized finance (DeFi) now offers .

Private crypto-investors, “manipulated idiots”

Obviously, it was the small drop in the price of Bitcoin (after all, a very normal correction after such a rise) at the end of last week that woke up the hellish flames of Nouriel Roubini.

“Today (November 26), as BTC moved closer to its all-time high (ATH), the price slumped 13%, following the same bunch of idiots of retail investors who, after having FOMO, were deceived by the manipulations of the whales (the big investors). (…) So, on the occasion of Thanksgiving, do not be a joke / turkey who is duped by manipulative whales (…). Stay away from this cesspool of thousands of worthless shitcoins! ”

When we told you that Dr. Doom was in great shape … But let’s not be kidding! The poor man must already eat his hat since at the time of this writing, the price of Bitcoin is once again approaching $ 20,000 on November 30 (at $ 19,494 per BTC to be more precise, on time to publish this article).

Bitcoin y Blockchain son temas para discutir

Bitcoin y Blockchain son temas para discutir con los criptocéntricos este Día de Acción de Gracias

Los expertos explican cómo abordar las preguntas comunes que los recién llegados pueden tener con respecto a bitcoin y el espacio de la cadena de bloques.

Con los recientes movimientos de precios de Bitcoin (BTC) llamando la atención sobre la industria de las cadenas de bloques, las conversaciones centradas en la Bitcoin Profit criptodivisa han empezado a ver un repunte. Los datos de Google Trends muestran que las búsquedas del término “Bitcoin” han aumentado a niveles máximos anuales después de la subida de los activos por encima de los 19.000 dólares.

Dadas las circunstancias actuales, la discusión se centró en Bitcoin, y en la mesa de Acción de Gracias pueden surgir preguntas generales sobre la cadena de bloqueo y las criptodivisas. Sin embargo, aunque la comunidad criptográfica tiene mucho que agradecer este año, los recién llegados y los curiosos de la criptografía pueden querer saber más sobre el espacio que sólo el precio de Bitcoin. Con esto en mente, los principales expertos compartieron algunas formas de explicar ciertos temas de Bitcoin y las cadenas de bloqueo a amigos y familiares en estas vacaciones.

Explicando Bitcoin como moneda

Si alguna vez se ha aventurado a bajar por la madriguera del conejo criptográfico, es muy probable que sus amigos y familiares le pregunten sobre Bitcoin y su función como moneda.

Tim Draper – el famoso capitalista de riesgo y legendario inversor de Bitcoin – dijo a Cointelegraph que es mejor hacer saber a los recién llegados a la criptografía que Bitcoin es una moneda de confianza que no está sujeta al control del gobierno. “Bitcoin no está sujeto a los caprichos de un gobierno que inundará libremente el mercado con 13 billones de ellos, diluyendo los suyos”, dijo.

Draper mencionó además que los minoristas que aceptan Bitcoin no tienen que pagar entre el 2% y el 4% cada vez que se pasa una tarjeta de débito. Las tarifas de transacción más bajas son de hecho uno de los principales beneficios para los minoristas que aceptan la criptografía. De acuerdo con los resultados de la firma de investigación Forrester y BitPay – un proveedor de servicios de pago de Bitcoin – los minoristas que aceptan criptodivisas a través de BitPay sólo pagan una comisión del 1% en las compras. El informe afirma: “El comerciante compuesto evita el 2,25% en tasas de transacción (basadas principalmente en las tasas de EE.UU.) por cada transacción completada con BitPay”.

Además, Draper mencionó lo importante que es que Bitcoin no tenga fronteras:

“Bitcoin puede viajar sin restricciones de país a país. También es más fácil enviar dinero rápidamente desde cualquier parte del mundo con Bitcoin. Y con las carteras de Bitcoin y los contratos inteligentes, todas las personas adecuadas recibirán la cantidad adecuada por su participación en una película de Hollywood, por ejemplo, incluso si los pagos valen fracciones de un centavo”.

La naturaleza sin fronteras de Bitcoin es extremadamente importante, especialmente en países que sufren altas tasas de inflación y agitación económica. Por ejemplo, en países como Argentina la demanda de Bitcoin aumenta a medida que se acumula la deuda externa.

Explicando por qué el precio de Bitcoin está subiendo

Aunque Bitcoin y otras criptodivisas son volátiles por naturaleza, muchos tienden a pensar que los precios del mercado de las criptodivisas se basan puramente en la oferta y la demanda. Sin embargo, esto es sólo una parte de la ecuación.

Bill Barhydt, el CEO de Abra – una plataforma de pagos peer-to-peer que soporta más de 70 criptodivisas – dijo a Cointelegraph que el precio de Bitcoin está subiendo actualmente porque la oferta está siendo superada por la demanda. Sin embargo, Barhydt señaló que el precio de Bitcoin también está siendo influenciado por el interés institucional:

“En el lado institucional tenemos la escala de grises que está recibiendo cantidades insanas de capital. Sin mencionar los principales actores de los fondos de cobertura que anuncian la exposición a Bitcoin en sus carteras. Esto es algo que dije que pasaría este año”.

Barhydt señaló además que el interés minorista está creciendo y por lo tanto el precio de Bitcoin está aumentando. Por ejemplo, uno de los triunfos más notables para el cripto este año ha sido el anuncio de PayPal de apoyo a la tecnología. “El resultado final es que esta combinación de compras minoristas e institucionales está consumiendo el suministro de Bitcoin a un ritmo acelerado”, dijo Barhydt.

Explicando la diferencia entre blockchain y cryptocurrencies

A menudo hay confusión en cuanto a las diferencias entre la cadena de bloques y las criptocracias cuando se discute el tema con los recién llegados.

Alistair Rennie, director general de IBM Blockchain, dijo a Cointelegraph que la principal diferencia entre blockchain y cripto-moneda es que blockchain es una tecnología que sustenta a la cripto-moneda, mientras que la cripto-moneda es un activo monetario.

Rennie mencionó además que la cadena en bloque como tecnología permite establecer y mantener la confianza entre las diferentes partes. Según Rennie, esto es posible gracias a las capacidades únicas de blockchain para verificar independientemente los datos de todas las personas involucradas en una transacción. Como tal, esto hace que Blockchain sea útil para resolver problemas de negocios fuera del ámbito de la criptografía.

Miljardööri Hedge Fund Manager houkuttelee Bitcoinin mahdollisuuksia kultaa

Bitcoinin viimeaikainen hintaralli on jättänyt monet sijoittajat ja analyytikot kunnioitukseen. Kun on odotettavissa lisää voittoja, monet ovat alkaneet verrata huippuluokan digitaalista omaisuutta jälleen kullaan. Viimeisin Bitcoin-sonnien mukaisesti on amerikkalainen miljardööri ja hedge-rahastojen hoitaja Stanley Druckenmiller.

Market Rally poistaa epäilyn

Keskustellessaan CNBC: n kanssa aiemmin tällä viikolla Druckenmiller kiitti Bitcoinia sen sietokyvystä ja lisäsi, että omaisuus oli nopeilla kullan valtaistuimella tärkeimpänä vaihtoehtona. Hedge-rahastomiljardööri huomautti, että hän oli äskettäin ostanut huomattavan määrän Bitcoinia, vaikka hänen salkussaan oli edelleen enemmän kultaa kuin huipputason digitaalinen omaisuus.

“Bitcoin voi olla omaisuusluokka, joka houkuttelee paljon arvovarastona sekä vuosituhannelle että uudelle länsirannikon rahalle – ja kuten tiedät, he saivat siitä paljon. Se on ollut olemassa jo 13 vuotta, ja joka päivä se lisää vakauttamistaan ​​tuotemerkkinä. “

Druckenmiller kertoi Bitcoinin ostamisen perusteluista, että omaisuudella on korkeampi mahdollisuus kultaa. Hän korosti joitain kriittisen valuutan tärkeimmistä eduista kullan suhteen, mukaan lukien sen korkeampi likviditeetti ja jaettavuus.

Miljardöörin kommentit ovat kaukana vain muutama kuukausi sitten, jolloin hän kritisoi Bitcoinia ja väitti, että sillä ei ollut arvoa. Bloombergin raportin mukaan Druckenmiller sanoi New Yorkin talousklubilla, ettei hän olisi kiinnostunut sijoittamaan mitään varallisuutensa arviolta – arviolta 4,4 miljardia dollaria – bitcoiniin. Tuolloin hän huomautti, että hän ei ymmärtänyt miksi Bitcoinilla oli arvoa. Siksi hän ei olisi kiinnostunut ottamaan mitään positioita omaisuuden osalta. Nyt kun teollisuus on valmis nousemaan ennätykseen lähikuukausina, näyttää siltä, ​​että Druckenmiller on liittynyt myös Bitcoin-vaunuun.

JPMorgan Bullish on Bitcoin Beating Gold

Druckenmiller on rahoitusalan uusin merkittävä nimi, joka haluaa Bitcoinin mahdollisuuden ylittää kultaa maailmanlaajuisena vaihtoehtoisena valuuttana. Aiemmin tässä kuussa sijoituspankkijätti JPMorgan sanoi raportissaan, että Bitcoin näkisi suurempia voittoja tulevaisuudessa, kun institutionaalisten sijoittajien hyväksyntä kasvaa edelleen.

Yritys huomautti, että Bitcoinilla on jo ollut vaikuttava juova, joka alkoi viime kuun puolivälissä huippumaksuprosessorin PayPalin ja sen Bitcoin-integraatioilmoituksen jälkeen. Kuten JPMorgan huomautti, tällaiset liikkeet tuovat vain enemmän huomiota Bitcoiniin – ilmiö, joka palvelisi hyödykettä tulevaisuudessa.

Analyytikot huomauttivat lisäksi, että Bitcoinin ralli on tulossa, kun kulta näyttää olevan pysähtynyt. Todistuksena he korostivat, että kultapohjaisissa pörssissä käydyissä rahastoissa (ETF) tapahtui vaatimattomia ulosvirtauksia lokakuussa. Kuten nämä analyytikot uskovat, varojen ristiriitaiset tulokset voivat merkitä sijoittajien siirtymistä kullasta ja Bitcoiniin.

Bitcoin og Ethereum stiger og falder som amerikanske valgvæv

Efter at Bitcoin fejrede 12-årsdagen for frigivelsen af sin hvidbog, faldt prisen betydeligt, da amerikanske vælgere gik til valg.

  • Bitcoin ramte højder, der ikke er set siden januar 2018
  • DeFi-diskenheder faldt i oktober, hvilket afspejler en bredere nedadgående tendens.
  • Aktiemarkederne bliver stadig mere ustabile, da valget i USA er mindre end 24 timer væk.

Hvilken forskel gør en fødselsdag. På fredag var kryptomarkederne for det meste alle ope. Bitcoin havde marcheret mod $ 14.000, og andre projekter kørte på en lignende bølge.

På lørdag, mens Bitcoin Up whitepaper blæste lysene ud på 12-årsdagen, nåede Bitcoin $ 14.000-marken og toppede $ 14.028, hvilket skubber den samlede markedsværdi for alle kryptokurver nord for $ 400 mia.

Men kom søndag, tingene ændrede sig. Bitcoin faldt 2,6% på 10 minutter ifølge data leveret af AAX, verdens første digitale aktivbørs drevet af London Stock Exchange. Og i morges fulgte Ethereum med et fald på 4,3%.

Andre projekter blev også røde. XRP, Litecoin, Bitcoin Cash og EOS tog alle et sub 2% hit, mens Monero fortsætter sit ugentlige dias (ned 10% over syv dage) med et 3,11% tab.

Inden for 24 timer var 7 milliarder dollars blevet udslettet af den samlede markedsværdi. Mens Bitcoins pris stadig er op over de sidste 7 dage – 3,27% højere, hvis du er interesseret – var det en betydelig nedtur efter fødselsdagsfesten.

Apropos comedowns havde DeFi en hård oktober

Da måneden sluttede, var mængden af ​​kryptokurrency låst i decentrale finansieringssmarte kontrakter i slutningen af ​​oktober mindre end da måneden startede. Det er første gang dette skete siden sommerens DeFi-dille begyndte.

Mens beløbet er relativt lille – 11,28 mia. $ Den 1. oktober mod 11 mia. $ Den 31. oktober – er stemningen blandt mange, at de blærende vækstrater, der opleves af projekter i sommer, er forbi os, og vi går nu ind i en konsolideringsfase.

Valgusikkerhed

Det er en lignende historie på aktiemarkederne. Investorer forbereder sig på kortvarig uro, da det amerikanske valg er mindre end 48 timer væk.

S&P, Dow og Nasdaq Futures har været op og ned i weekenden, men starter ugen i det grønne.

Markedsovervågere forventer en afgørende demokratiske sejr, hvor Biden tager begge huse. De holder også ud for den længe diskuterede stimuluspakke, der vil give aktier et løft i det, der forventes at blive et hårdt 4. kvartal.

Men nogle er mere forsigtige. I 2016 forventedes Hillary Clinton at tage valget, men Trump vandt. Overraskelsesresultatet førte til enorme aktivprisudsving, da markedet korrigerede.

Der er også muligheden for, at valgresultatet vil blive bestridt, baseret på Trumps retorik, der fører op til valget.

Uanset hvilken side af hegnet du sidder på, bliver det en ujævn tur.

ANALYTISCHE FIRMA: 200.000 BITCOIN ZIT MOMENTEEL OPGESLOTEN IN DE PORTEMONNEE VAN OKEX.

  • Het nieuws over de OKEx-stichter die door de Chinese overheid wordt gearresteerd, heeft tot enige angst onder crypto-investeerders geleid.
  • Hij heeft de sleutels van de cryptocurrency die binnen het platform wordt opgesloten, waardoor het onmogelijk is voor de uitwisseling om zich terug te trekken terwijl hij in politiebewaring is.
  • Hoewel het geval van de stier is dat dit het aanbod van BTC dat op de markt circuleert zou kunnen verminderen, zou het ook een zware slag toebrengen aan de beleggers die het platform gebruiken.
  • Het zou ook het vertrouwen van de beleggers in gecentraliseerde beurzen kunnen schudden.
  • Een analytisch bedrijf legde uit dat hun gegevens suggereren dat er 200.000 Bitcoin in het platform is vergrendeld – een duizelingwekkend aantal.

De prijs van Bitcoin is de afgelopen uren onder verhoogde verkoopdruk komen te staan als gevolg van het recente nieuws rond de arrestatie van de oprichter van OKEx.

OKEx is een van de grootste cryptohandelsplatformen in Azië, naast Huobi en Binance.

Gisteravond kwam het nieuws dat de oprichter van het platform door de Chinese autoriteiten is gearresteerd en geen enkele vergunning meer kan intrekken omdat hij de enige sleutelhouder is voor de portemonnee van de beurs.

Sommige beleggers zijn bezorgd dat dit een nieuwe golf van regelgevende maatregelen in China zal betekenen en een klap zal uitdelen aan de Bitcoin-investeerders en handelaren die het platform gebruikten.

OKEX STOPT DE CRYPTO NA DE ARRESTATIE VAN DE OPRICHTER…

De informatie over de arrestatie van de oprichter van OKEx is op dat moment enigszins beperkt, met enkele rapporten die suggereren dat hij weken geleden is gearresteerd.

In een bericht dat slechts enkele uren geleden is gepubliceerd, geeft het platform aan hoe hij regelmatig intrekkingsvergunningen moet uitvoeren, waarbij de laatste – die normaal gesproken vandaag de dag zou voorkomen – niet voorkomt omdat hij nog steeds in politiebewaring zit.

Dit heeft ertoe geleid dat alle crypto’s binnen het platform op slot zijn gegaan, hoewel gebruikers nog steeds kunnen handelen.

GLASNODE: 200.000 BITCOIN MOMENTEEL VERGRENDELD BINNEN OKEX

Een analytisch bedrijf legde uit dat gegevens suggereren dat er op dit moment 200.000 BTC’s zijn opgesloten in het platform in een recente tweet.

Dit is een duizelingwekkend aantal, en de gevolgen van het feit dat de Chinese overheid dit permanent opsluit of in beslag neemt, heeft bij de investeerders voor enige angst gezorgd.

“Volgens onze gegevens zitten er momenteel ongeveer 200.000 BTC (1,1% van het circulerende Bitcoin-aanbod) in de OKEx-portemonnee. Dat is ongeveer 2,3 miljard dollar aan BTC dat in de kluizen van de beurs is opgeslagen.

De prijs van Bitcoin is ondanks dit nieuws stabiel gebleven, maar het is onduidelijk hoe lang deze stabiliteit zal blijven bestaan terwijl deze situatie zich verder ontwikkelt.

Central Bank of China indirectly bans bitcoin

“A brutal reshuffle in the short term by tough government action” is how local media describe a new rule of the Chinese Central Bank, the People’s Bank of China (PBoC).

Ban on the sale of telephone cards and bank cards
They are now banning the sale of telephone cards and bank cards, blocking another route for over-the-counter (OTC) trading. This applies especially to those on the blacklist.

The central bank announced on 18 September a blacklist of 1091 OTC trading accounts. These accounts are required to be suspended for three years and online transactions banned for five years.

Over-the-counter (OTC) trading is becoming difficult.
In China, many payments are made via WeChat Pay or AliPay, which requires a telephone number. The ban on selling telephone cards therefore makes OTC trading even more difficult. Industry insiders say that banks’ new rules aim to make it more difficult to buy and sell bitcoins, despite the official view that this has to do with anti-money laundering measures.

Peer to peer and companies
Peer-to-peer trading is more difficult to detect than trading via an exchange. But when people send and receive from many different accounts on a daily basis, it is noticeable. This is different for companies, where it is normal for them to receive and send a lot of transactions. The system is now designed in such a way that commercial banks send a warning to the central bank if an individual has many transactions. The central bank then opens an investigation and maintains a blacklist.

Directly to the central bank
In the West, suspicious activities go to federal enforcement agencies, which are ultimately accountable to, for example, the Ministry of Finance. In China, therefore, these reports go to the central bank, which is not accountable to anyone.

In China, however, the central bank has more power than in other countries. They have the authority to close accounts and bar individuals from exercising monetary functions without recourse to an independent judiciary.

Last month, for example, a USDT OTC trader from OKex was investigated because he had allegedly received money from a scam in which it was unclear what happened next.

Unofficial ban on bitcoin
Yet there is no official law in China banning the trade in bitcoin. However, the central bank is in a position to ban the free exchange of funds when they relate to cryptos. As a result, a kind of ban has been created in practice without a word in their parliament or in their judiciary.

China: Notaries use new blockchain program “Hui Cun”

“Hui Cun” is a blockchain platform that deals with electronic data storage. The platform was launched in January by the Shanghai Xuhui notary’s office.

The blockchain platform “Hui Cun” was introduced in January 2020 by the Shanghai Xuhui notary’s office. 40 companies have used the platform since then.

The firm has already handled over 3,000 cases

With the Arbismart wallet and arbitrage trading platform, thousands of investors earn passive income (10.8-45% per year). The fully automated crypto arbitrage platform offers low risk, high return investments. ArbiSmart is EU licensed and regulated.

The Chinese online medium Jiemian describesthe platform as a blockchain-based electronic data storage protocol that includes notarial functions and is responsible for the collection and storage of evidence. Via a Bitcoin Era network, the protocol can save images, videos and screen recordings for use in the event of a legal dispute. The content is not saved locally, but uploaded to the Hui-Cun server during the recording. The program should appear for PC and smartphone.

Pan Hao, director of the notary’s office in Xuhui, claims that blockchain technology is open, transparent and non-manipulable.

Furthermore, the authenticity of the electronic evidence stored on the platform is guaranteed

The authenticity of the electronic evidence stored on the “Hui Cun” platform is guaranteed and provides the court with a platform to further promote the use of new technologies in the collection of evidence.

explained Pan Hao. The blockchain platform should also reduce certification costs by an average of 44 percent.

The combination of the authenticity of the certification body and the credibility of blockchain technology has resulted in effective evidence of electronic data,

so Pan Hao continues. The aim is to provide the entire region with notarial services and thus to help millions of citizens in the event of a legal dispute. The Suzhou authorities announced Hui Cun back in June as a pilot project that includes services related to personal freedom, life, health, property rights.