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The Blockchain Router | The Wallet QORTector

QORTector is developed especially to beRead More →

The post The Blockchain Router | The Wallet QORTector appeared first on Crypto Core Media.

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QORTector is developed especially to be a full node and/or Producing Node on the QORT network. Offering you default accessibility to every solution that QORT uses, as well as the capability to end up being a Minter on the QORT network.

Have you ever had a router that pays for your net link? Well, now you can!

All of the attributes of the tool, working on 5w of power! You no more need to run a high-powered computer in order to keep a complete node on the network and also gain benefits. Unlike the power-hungry algorithms of PoW coins, QORT makes use of a totally new system called ‘minting’ that gives individuals benefits based on their contribution on behalf of the network, just being an on-line reputable full node. Making It Possible For QORT Minting to be possible on lower-powered computer systems, such as QORTector.

FOR A LIMITED TIME, USERS THAT COME TO BE ‘DONATORS’ BY DONATING BTC TO THE GROWTH TEAM, CONTAINER OBTAIN A PRE-ENABLED MINTING ACCOUNT, ALLOWING YOU TO GET QORT REWARDS WITHOUT NEEDING TO BECOME A MINTER, SAVING YOU TIME, As Well As PROVIDING YOU INSTANT BENEFITS IN THE SYSTEM. A CONTRIBUTION IS NOT A DEMAND FOR BECOMING A MINTER, HOWEVER, IT CONTAINER CONSERVE YOUR DAYS, WEEKS, EVEN MONTHS OF TIME LEVELING UP, OFFERING YOU PROMPT BENEFITS IN QORT. WHY SPEND FOR YOUR WEB CONNECTION, WHEN QROTECTOR CAN?

Several non-blockchain services on top of all QORT services
Not just does QORTector offer you a default gateway to the completely decentralized solutions of the QORT network, while at the same time offering anonymous, private connection using a 5W tool … it also gives you a huge quantity of non-blockchain related services, within the device itself.

QORTector offers you security beyond that of any type of traditional router. Securing you from dangers of all kinds on the typical net. Just attach to the ‘qortal’ wifi network, as well as you are completely safe and secure.

Usage QORTector to protect your devices by becoming your router, or merely by being a node on your existing network, with a massive selection of features.

‘ Mumble’ Web server for encrypted communications
QORTector is concentrated on personal privacy, and protection on the existing web, as well as being a gateway to the net internet of QORT.

Part of the existing safety and security is to offer a completely encrypted voice as well as message interactions, with PTT (push-to-talk) performance, making use of the Mumble project.

Usage ‘plumble’ application on your phones to safely connect to the web server, and communicate worldwide, totally encrypted.

‘ Tor Network’ Gateway ( like a free protected p2p VPN by default).
Sick of spending for a VPN to gain access to solutions as well as preserve your right to personal privacy when accessing the web? QORTector offers you a default ‘Tor’ portal, enabling you to connect straight to the Tor Connect with either the tool’s wifi network or the ‘WAN’ network of the tool, your existing LAN network. Whether you are attached to QORTector’s Wi-Fi network or otherwise, you can still maintain connection safely and also independently pre-installed entrance to the Tor Network.

It can be used as a backup service by default, to support any one of your network-connected devices, from your computer to your phone to your tool itself and its information. Whatever can be instantly supported with qrotector.

Internet Server. A default web server permits you to organize your very own web solutions, blogs, and so on without the demand for an extra computer or web server. (Some understanding and network arrangement are essential.).

‘ OwnCloud’ server. Fed up with the ‘huge kids’ like Google and also Dropbox making you actually transfer possession of your information before you can back it up as well as utilize it with them?

Concern not, QORTector offers you an exclusive variation of the large cloud services, with your very own copy of OwnCloud!

The expandability of OwnCloud is amazing, functional for not just file sync and also storage instantly from several tools, but automatic phone image uploads, phone tracking to monitor your youngsters, a completely featured video clip and music player add-on, as well as a substantial list of other readily available plugins, conveniently installed with a solitary click.

A default OwnCloud installation comes pre-installed on your QORTector tool’s customized firmware. BTC wallet + Full Node. The only way to have FULL control over your BTC is to have a full node. QORTector (with expanded storage space add-on, or any type of broadened storage space customer added for blockchain room) offers you this.

This blockchain router has Infinite Possibilities.
Because of QORTector’s fully open-source nature, the opportunities are countless regarding future services that can be constructed into the gadget’s photo. Actually ANY open-source system can possibly be ported onto the base image of QORTectorz.

Both future updates of the tool picture for Gen 1 as well as the newer Gen launches will certainly be completely upgradable in multiple methods.

Hardware-based ‘addons’ for expanded hardware feature, wifi rate, and also range, and included attributes like ‘Mesh Networking’ or flexibility enhancements, included LAN ports, etc

We also added software applications for new amazing functions.

Published image updates with completely custom Kernel, focused on Java and also node.js velocity for QORT rate.

Incorporate that with being an entrance to the ‘new internet’ on QORT, and also you have a solitary tool that can literally give you anything you can ever desire from a network-connected tool. All suitable in the hand of your hand!

Future versions of the gadget will certainly consist of:
A full Desktop OS – use this tool to essentially change your desktop or to be your completely protected maker for any type of purpose.

Enterprise Networking – A future version will certainly include several LAN ports, broadened outside Wi-Fi antennas, even more, CPU/RAM power, and also improved UI certain to Enterprise degree network requirements.

QORTector Mobility – a mobile variation that has a battery add-on and also expanded Wi-Fi variety, for your mobile node as well as network protection demands. Will certainly also consist of a SIM card slot, for 4G connection and also entirely mobile web, Wi-Fi Mesh Networking to become eliminate spending for the web entirely by using P2P Mesh Networks for moving net information, without being forced to pay an ‘entrance company’.

The checklist is actually limitless regarding future possible functionality … Remain tuned to the QORT Team’s announcements for development updates!

Contribution Based Advancement and also Enhancements.
Without the payments of the community, QORT Team would certainly not have been able to develop this device, and we will continue to focus on User-Based Contributions, to decide the future variations of the device, as well as their future functionality.

Maintaining Completely OPEN RESOURCE GROWTH in ALL ASPECTS. Both Hardware and Software of the device and also what runs on it will certainly ALWAYS be totally open source.

Source: https://cryptocoremedia.com/blockchain-router-qrotector/

Blockchain

Consob Blocks 6 New Illegal FX Websites

The Italian regulator has blocked a total of 360 unauthorized Forex domains since July 2019.

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Consob, the government authority in Italy responsible for the regulation of the Italian securities market, announced today that it has shut down 6 new websites offering unauthorized financial services in the country.

According to the official announcement, the authority has ordered internet service providers to block the websites of Axedo, Fxfinancepro, Thinkmarket 247 Ltd, Donnybrook consulting, Globalinvestfx, and Universe citizens limited. The Italian regulator has the power to block illegal websites offering financial services under the Growth Decree (Law no. 58 of 28 June 2019).

Consob started blocking unauthorized websites in July 2019 and the recent initiative means that the total number of blocked websites has risen to 360. The authority mentioned that for technical reasons, the blockage may take several days to come into effect after the order.

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“The Authority availed itself of the powers deriving from the “Growth Decree” (Law no. 58 of 28 June 2019, Article no. 36), on the basis of which Consob can order Internet connectivity service providers to inhibit access from Italy to the websites through which financial services are offered without due authorization,” the official announcement states.

Financial Protection

Consob requested Italian investors to adopt the greatest diligence before making an investment decision. The authority also asked citizens to report fraudulent and unauthorized companies. “Consob draws investors’ attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include, for websites that offer financial services, checking in advance that the operator with whom they are investing is authorized, and, for offers of financial products, that a prospectus has been published,” Consob mentioned.

Finance Magnates reported in December about the accelerated efforts of the Italian watchdog to block illegal domains operating in the country. The regulator has made it difficult for unauthorized operators to target Italian citizens. Before the recent block, Consob asked internet companies to block access to Investoomatic Limited, Kiqiwk Holdings Intl Limited, and ADV-Investment.

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Blockchain

Ripple partners Mobile Money for wallet-to-wallet payments between Malaysia and Bangladesh

TL;DR Breakdown Ripple has entered into a partnership with Malaysia’s Mobile Money. The UK and Japan financial authorities say XRP is not a security. San Francisco based crypto company, Ripple, has announced a new partnership with Mobile Money, a Malaysian based mobile financial services company. According to the announcement, the partnership is geared towards promoting […]

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TL;DR Breakdown

  • Ripple has entered into a partnership with Malaysia’s Mobile Money.
  • The UK and Japan financial authorities say XRP is not a security.

San Francisco based crypto company, Ripple, has announced a new partnership with Mobile Money, a Malaysian based mobile financial services company. According to the announcement, the partnership is geared towards promoting payments between wallets in Malaysia and Bangladesh while also serving as a remittance intermediary between the two Asian countries.

The firms would be connected via RippleNet. bKash currently provides the largest mobile financial services in Bangladesh. The firm serves more than 40 million users in the country.

The local banking partner in Bangladesh would be Mutual Trust Bank (MTB), and Bangladesh Bank would supervise it. The firm would act as the link between the two firms, Mobile Money and bKash.

The CEO of bKash, Kamal Quadir, hailed the partnership between both firms. According to him, foreign remittance would be further encouraged as it would bring lots of convenience to parties involved in each transaction.

In Asia, Bangladesh holds one of the highest remittance inflows in South Asia; it is also ranked eleventh globally. Malaysia also ranks as one of its top sources of remittance. So, this partnership is most likely going to help bolster the remittance rate between both countries.

The partnership is expected to help increase the Mobile Money user base in Bangladesh. The firm also believes it would enable them to serve those users better.

Ripple is recognized as a crypto token outside the United States.

In Japan, financial authorities have released a statement in which they said they do not classify Ripple’s native token, XRP, as security. This was made known via a report by The Block.

This also mirrors the authorities’ view in the United Kingdom, who say XRP and other crypto assets are classified as unregulated tokens, so they are not recognized to be e-money or security.

The view of these authorities serves as a defense for Ripple. The firm has vehemently denied any wrongdoings and has also vowed to stand up against the US financial regulator.

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Blockchain

Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know

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Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.

With this in mind, below is a comprehensive summary of what happened and what to expect on this date.

The NYAG v. iFinex Case: What Happened?

Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.

As CryptoPotato reported, later on, Tether issued a statement through a blog post which said that the allegations were written in “bad faith” and were also “riddled with false assertions.”

In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.

In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:

The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.

Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.

Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”

The Order to Turn in Documents

In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.

However, on December 9th, 2020, Letitia James, the Attorney General, filed a document, asking Justice Cohen to extend the deadline to January 15th, 2021. James said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production could be finalized in the coming weeks.”

Why the January 15th Deadline is Important?

With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.

And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.

This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.

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Source: https://cryptopotato.com/tether-usdt-january-15th-deadline-on-ifinex-case-everything-you-need-to-know/

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