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polish_bitcoin

Polish Bitcoin regulators recognized it within the country

Polish Bitcoin regulators decided to recognize the digital currency within the country.

In fact, the country’s Central Statistical Office (GUS) revealed its decision to recognize the trading and mining of digital currencies as an official economic business in Poland.

This is the reason why from now on companies active in the Polish industry are be able to register themselves with the agency.

Businesses who are involved in cryptocurrency trade and production activities can now apply to obtain an official PKD 64.19.Z registration, the GUS explained in a press release.

This news highlights a significant step forward for industry workers in Poland where currently there isn’t an official regulation or legislation about neither bitcoin or other digital currencies.

Earlier this year the Polish Ministry of Finance released a few documents that expressed the status of legality for bitcoin and cryptocurrencies in general.

Also, in a statement published back in November, the finance ministry commented what follows:

“there is a lack of a general, legal definition of virtual currency in international, European and national law”.

This explains that digital currencies are subjected to income tax, even if they are not subject to any separate regulation according to the Polish legislation.

Polish ministry also commented:

“It should also be stressed here that their use in Poland is fully legal.”

Polish Bitcoin studies

To explore the legal and financial implications of the use of the Polish Bitcoin use, government of Poland has created a new group of blockchain and virtual currencies experts.

This Polish Bitcoin task force was established under the surveilance of the Polish Ministry of Digital Affairs, and according to thePolish government’s program titled From Paper To Digital Poland that was written by the Cabinet back in June 2016.

This task force will be responsible to prepare analyses for use by other government agencies in their legislative work and the possible chance of a Polish Bitcoin and digital currencies regulation is one of its goals and interests.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin_prices

Bitcoin Prices are trading above $950

Bitcoin prices are growing more than 3% since yesterday, trading above $950 for the first time in a few weeks.

The average price yesterday reached a high of $959.37 from an open of $920.24, according to the CoinDesk Bitcoin Price Index (BPI). This chart shows that the Bitcoin prices haven’t passed $950 for a month, since January 6th 2017, to be more exact.

This Bitcoin prices growth above $950 came after a few days of a almost steady trading, in which the price of bitcoin ranged between roughly $910 and $922, according to trading data.

At the moment, the Bitcoin Prices are between $950 and $970 with a medium rate of volatility.

Chinese markets have climbed about 11%, reaching a high of ¥6,629.34.

Currently the price is about ¥6,608.70 and it represents a growth of 10.7% above yesterday’s open of ¥5,961.77.

This move comes after a big news in the worldwide exchange landscape, as major bourses in China moved to add trading fees.

This is the reason why volumes moved to the remaining markets without any fees.

Anyway, experts now discuss that this trend will have a short life as those exchanges will also add fees of their own for sure in the next future.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
china_blockchain

China Blockchain project for a new digital currency

People’s Bank of China (PBOC) is working on a China Blockchain project for a new digital currency.

According to an article published by Caixin yesterday, the People’s Bank of China completed a project on 15th December during which it tested how transactions could work by using a custom blockchain system.

The test was held together with major Chinese commercial banks including Industrial and Commercial Bank of China (ICBC), Bank of China and WeBank.

The official press release reports:

“The bank suggested the digital currency would not only reduce circulation costs but also increase transparency and curb money laundering and tax evasion.”

Also, the official report just released explained that the new China Blockchain digital currency might be connected to the Shanghai Commercial Paper Exchange to create a “national platform for bank bill transactions”.

Together with this new project the PBOC will also open a digital currency research institute for which it is looking for experts in big data, fintech, cryptography and distributed ledger technology.

The official report shared by the PBOC governor Zhou Xiaochuan in February, also explained that the central bank was considering the distributed ledger as one of a few different technologies that can be allow it to create a new form of digital cash.

Also, this project coincides with the current PBOC’s investigations into the most important bitcoin exchanges of the country, an operation that started in January and that has seen several startups doing a few changes to trading policies.

Read more news about the China Blockchain projects by clicking here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Shopping with Bitcoin: read the ultimate guide

Today I want to help you to start doing shopping with Bitcoin. Thanks to this method you can buy everything you want online, saving money and time.

Also, you will be able to avoid frauds that are very common on Internet, unfortunately.

First of all, you need a cryptocurrency wallet as a safe place to store your Bitcoin. You can open it now for free here.

Bitcoin Virtual Credit Card

To stard doing shopping with Bitcoin you can easily open a bitcoin virtual credit card on our new platform called HolyTransaction Trade.

Not all the e-commerce platforms you can find online accept Bitcoin, so this is an instant and cheap way to create a virtual credit card with Bitcoin and buy everything you want from your favorite online store.

You can use a virtual credit card everywhere a Visa credit card is accepted among the payment methods.

Read more about this revolutionary method and a step-by-step guide to open yours with the lowest fees on the web.

Also, to read more about all the benefits of a bitcoin virtual credit card, click here. 

Shopping with Bitcoin on Purse and eGifter

As you can see on the HolyTransaction.com menu, you can directly open your Purse card from your HolyTransaction Wallet.

You just need to click on “Spend” and then on “Purse” or “eGifter”.

Purse is a fast way to do shopping with Bitcoin on Amazon, also saving from 5% to 15% on millions of products. To do so you just need to create an online gift card on Purse and start doing shopping.

eGifter is another way to do shopping with Bitcoin, buying from hundreds of gifts cards with your favorite digital currency. You can do it directly from our website, by depositing the bitcoins stored in your wallet on the eGifter website.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
blockchain_cybersecurity

Blockchain Cybersecurity: read the full report

As explained by a major IT agency for the European Union, financial companies should be careful  to blockchain cybersecurity issues if they want to implement the blockchain.

The European Union Agency for Network and Information Security (ENISA), in fact, published a new report on the distributed ledger, highlighting the security issues that large companies might experience if they decide to adopt blockchain tech.

Key management, data privacy and smart contracts are some of the most important topics discussed in the ENISA report.

This is the first time the agency, created back in 2004, published a report on the technology. Last year, ENISA published a glossary on its official website.

On the page there was an overview of blockchain, saying “it is too soon to tell whether blockchain will live up to its promise”.

According to this newest report, financial businesses should give high attention to security issues.

Udo Helmbrecht, executive director of ENISA, explained in an official statement:

“Cybersecurity should be considered as a key element in the blockchain implementation by financial institutions.”

Code review and mechanisms for accessing to distributed networks should be important, commented the report. Also it highlights that banks and financial institutions should think about the blockchain cybersecurity challenges of handling digital asset wallets.

Click on the link below to read the full copy of the report:

WP2016 3-1 4 Blockchain Security by CoinDesk.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

HolyTransaction Trade: opinions and news

HolyTransaction Trade is our new service to allow you to buy and sell your Bitcoin with low fees and instant conversion.

HolyTransaction Trade is a virtual exchange for users that want to convert their digital currency into fiat currency and vice versa, through Halcash ATMs, bank transfer, Bitcoin virtual credit card and more options available worldwide.

Click here to read more about HolyTransaction Trade and start converting from/to your favorite cryptocurrency.

We launched this service a few weeks ago and now we want to share with you a few articles written by magazines from all around the world about HolyTransaction Trade.

HolyTransaction Trade on magazine

We received a widespread of our press releases and news in Asia, America and Europe and we cannot be happier for the support we received in the latest days.

As you might know, we had a few issues during 2016, but this is a new year: all problems are disappeared and we are stronger than ever with a new service and more strength to improve our work and your experience with us.

Click on the image below to watch a recent video published on YouTube by the Russian KCN.

holytransaction_trade

Also, please click on the images below to the read the full press release published on the major magazines about Bitcoin and the Blockchain, including Cointelegraph Espana, CryptoCoin News, Bitcoin.com, and more… 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

How to Store Bitcoin: free multicurrency wallet

If you are a newbie, maybe you are asking yourself the following question: how to store Bitcoin? Which is the safer and cheapest wallet on the web? Why should I open a multicurrency wallet?

Well, today I want to answer people who are trying to start using Bitcoin and cryptocurrencies in general.

First of all, wallet stores a private key that you need to access a bitcoin address for storing and spending your digital currencies.

Bitcoin is a distributed and revolutionary method of payment also defined as Internet of Money as it is a virtual currency without any physical attribution.

So, how to store Bitcoin? We store fiat cash in a physical wallet and Bitcoin works in a similar way, as you will need a virtual wallet.

As well as Euro or Dollar are physical and should be stored in a physical wallet, so bitcoin are virtual and shall be kept in an equally virtual wallet.

If I have to be more specific, you don’t technically store bitcoin anywhere. What you store is the secure digital key you need to have in order to access your public bitcoin addresses and execute transactions.

How to store Bitcoin in a Web wallet

HolyTransaction is a web wallet where you can store your private keys online, on a computer, and connected to the Internet, of course.

One of the main advantages of a web wallet is that you can access them from anywhere and on any device you are using.

Security and Privacy

To create your web wallet you just have to enter your email address. You don’t need to have a bank account or send your ID card, so you can set up it in just one minute.

One way to protect your wallet is encryptit it with a strong password. This will make it difficult to access to your funds.

Another method is doing a back up. To do so, you need to copy your private keys.

Also, you can use a two factor authentication code. In this case you should download a free app called “Google Authenticator” on your mobile phone and scan the QR code obtained. Then everytime you need to execute a transaction you’ll have to enter the two-factor authentication code. And, of course, this will make your wallet safer.

Multicurrency Wallet

A Multicurrency wallet is a virtual wallet where you can store different kinds of digital currencies within the same place.

If you have multiple cryptocurrencies, you typically have to manage multiple wallets for each one. This could be a time consuming task. With HolyTransaction, since it supports several digital currencies, you don’t have to manage a few wallets and you can just log into one wallet and toggle between them in one user interface, making the task much easier.

So, with just one registration and only one password to remember, you can store not only Bitcoin but also the other major cryptocurrencies such as Blackcoin, Dogecoin, Dash, TetherUS, Ethereum and Peercoin.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
change_bitcoin_euro

Change Bitcoin Euro: how to sell crypto in Europe

People who decide to invest in crypto often have to change Bitcoin Euro, but the main problem is always the same: where? which platform should I use in order to have low fees and instant conversion?

We at HolyTransaction have found a solution for these issues and we have launched HolyTransaction Trade, an instant exchange that allows you to change Bitcoin Euro in a few steps.

Through our new service you can instantly convert Bitcoin into Euro and vice versa, buying and selling your cryptocurrencies at any time.

We have a few options to do so: Bitcoin to Virtual Credit Card, Bank Transfer, and Halcash ATM ( the latest one option is available in Poland and Spain).

Or Bitcoin to EasyPay, TeleIngreso and PayNet if you live in Greece, Mexico or Spain.

Change Bitcoin Euro: step-by-step guide

By clicking on the links below you can read step-by-step guides to change your Bitcoin into Euro:

How to convert bitcoin into euro in a few steps

Bitcoin virtual credit card: how to create it

Bitcoin euro: withdraw with ATM machines

Also, if you don’t know exactly how a Bitcoin Virtual Credit Card works and which benefits it has, you can read the insightful article below to understand why you might need a virtual credit card to do shopping online.

Virtual Credit Card Bitcoin and its benefits

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
virtual_credit_card_bitcoin

Virtual Credit Card Bitcoin and its benefits

What is a Virtual Credit Card Bitcoin? How to create yours? And what are its major benefits?

Read the following article to receive all the answers you need to use and open your new Virtual Credit Card Bitcoin.

Virtual Credit Card Bitcoin: definition

First of all, a Virtual Credit Card Bitcoin is a unique credit card number generated to settle a specific transaction.

Of course, it can be filled with Bitcoin, so you can convert your cryptocurrency into euro to buy everything you need online.

So, it is not physical, but just a credit card number generated electronically via web.

5 top Benefits

Virtual Credit Cards Bitcoin are available for years, but many continue to ask: why should I use them?

Here a list of Virtual Credit Card Bitcoin benefits:

  1. Security: Typically a virtual credit card number is issued for the exact amount of the transaction (the same system of a check), reducing the possibility of fraud. The specific credit card number generated becomes invalid after the transaction is complete.
  2. Control: You can easily check all spending parametres. Your Virtual Credit Card can only contain 250 EUR.
  3. Low Fees: when you create a virtual credit card the 2% from the total value will be designated to provider fees.
  4. Versatility: you can use your Virtual Credit Card on every single e-commerce, website and platform where VISA is accepted. Its is also a simple way to convert and spend your Bitcoins.
  5. Easier Creation: To create your own Virtual Credit Card Bitcoin you just need to have 18+ years and an account on EntroPay.

HolyTransaction Trade

On the web you might find several services that allow you to create your own Credit Card, but only a few of them are really effective and safe.

To receive instantly your new credit card number in minutes, to have a good support and low fees, we suggest you to test our new platform HolyTransaction Trade

HolyTransaction Trade allows you to create your Virtual Credit Card Bitcoin in a very short time with only 2% of fees.

Click here to read a simple step-by-step guide to create your not physical credit card.

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Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Cryptocurrencies 2016: Bitcoin Alternative charts

Today we want to talk about Cryptocurrencies 2016, as the just ended year has been very exciting for several digital currencies and not only for Bitcoin.

A lot of major open-source currencies, in fact, showed a good growth during 2016 and we hope to see significant expansion in 2017.

Below you’ll read charts of the excited cryptocurrencies 2016, during a period between December 27, 2015 to December 26, 2016.

Source: Coindesk.com

Bitcoin

Market Capitalization (Beginning of Year): $6,161,215,794
Market Capitalization (End of Year): $14,590,356,108
Price (Beginning of Year): $411.99
Price (End of Year): $908.17
Price (Annual High): $909.94

For sure Bitcoin is the king of cryptocurrencies 2016, if we talk about value.

It is the oldest blockchain-based asset as today (January 3rd) it celebrates its 8th anniversary: the genesis block was generated on January 3rd 2009.

While I’m writing of this article, Bitcoin price is still growing, surpassing the value of $1,000 for 1 BTC.

Bitcoin price and trading volume were supported by several global circumstances, including the Chinese yuan devaluation, the UK’s Brexit, and the election of a Donald Trump.

 

 

Ethereum

Market Capitalization (Beginning of Year): $80,339,474
Market Capitalization (End of Year): $638,041,577
Price (Beginning of Year): $2.83
Price (End of Year): $7.31
Price (Annual High): $19.59

2016 saw Ether, or  the digital currencies that powers the Ethereum blockchain – become the best-performing currencies, with a more than 2,000% increase over the first six months of 2016.

The major reason for its instability was the DAO hack, the subsequent failure of the decentralized project, and the creation of ethereum classic. These factors led to a fall of nearly 50% of this altcoin value.

 

Anyway, Ethereum is the favorite network for possible FinTech permissioned distributed ledgers, enterprise software and Internet of Things applications, so 2017 could will probably show a capitalization increase for ether.

Litecoin

Market Capitalization (Beginning of Year): $149,142,004
Market Capitalization (End of Year): $212,469,870
Price (Beginning of Year): $3.41
Price (End of Year): $4.34
Price (Annual High): $5.55

One of the oldest bitcoin alternative, litecoin showed a stable valuation during 2016, closing $2 above its starting price for the year.

Dash

Market Capitalization (Beginning of Year): $16,081.586
Market Capitalization (End of Year): $70,675,107
Price (Beginning of Year): $2.64
Price (End of Year): $9.67
Price (Annual High): $14.42

In 2015, darkcoin decided to end its association with shadow businesses and the DarkNet by changing its name to Dash.

 

This re-branding seemed to work and Dash ended 2016 with pricing nearly three times, and a market capitalization close to four times.

Cryptocurrencies 2016 and their future

As we enter 2017, the future for cryptocurrencies seems bright, as the digital currency market will continue to progress and prove its worth as one of the top-performing commodities available today.

We at HolyTransaction are very happy to work with this top-rated cryptocurrencies, as our wallet can store Litecoin, Dash, Ethereum and Bitcoin within a unique login.

Needless to say, we are proud to have chosen the best and the most profitable cryptocurrencies for our multicurrency wallet you can open here for free.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio