Cryptocurrency adoption by merchants is still far from ubiquitous, so you might need some help finding places where you can spend yours. Here’s how you can easily locate nearby businesses that accept bitcoin cash (BCH) wherever you go.

Also Read: How to Buy Gift Cards for Nike, Adidas and Other Top Brands With Bitcoin Cash

Find BCH Spending Locations With Marco Coino

The Marco Coino app maps the location of brick and mortar stores where you can pay with bitcoin cash (BCH). The service already lists about 800 locations around the world and you can also use it to add your own business in order to mark it on the map. The app is available for both iOS and Android mobile devices, and the global map can also be accessed directly on the website.

To use Marco Coino just download the app to your phone from the relevant app store. Using your operating system’s location data it will display all the stores that accept bitcoin cash near you. The service can also help you quickly plan your route to the stores and offers additional merchant details straight from the map.

What do you think about the Marco Coino app? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post How to Easily Find Businesses That Accept Bitcoin Cash Near You appeared first on Bitcoin News.

There have been two differing opinions on where Bitcoin prices will go next. Some are calling for an imminent pullback and possible final capitulation while others are confident that this is the beginning of the new bull market and it will be all up from here on.

Major Similarities From 2015 Trend Reversal

Analyzing previous chart patterns and market movements offers a great insight into what could possibly play out next in the current situation. The charts from the 2014 – 2015 bear market and final trend reversal could almost be overlaid onto what has happened for the 2018 – 2019 situation.

There was a final capitulation in August 2015 when Bitcoin prices broke down to $200 for the second time that year. This marked a slump from a previous peak of over $1,100 which is around 82%. This time around the slump in December dropped prices to $3,200 which is around 84% down from the all-time high, all very familiar territory.

Since then we could almost say that the trend has reversed and that was the bottom. Bitcoin is currently up over 60% since its mid-December dump. Crypto markets in general have gained closer to 80% since their lowest levels late last year.

Those early charts foretold another capitulation though before the bull market really kicked in. A repeat of this could see Bitcoin slowly grind up to late $5,000s and hitting resistance before dumping back to the low $4,000s again.

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If that last dump is skipped as suggested by ‘CryptoHamster’ the bottom has definitely been in and we are on the way up from here on. Others predict that Bitcoin will test the 50 week moving average and pull back off it, returning to the 200 week MA as it did in 2015;

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No Retest of December Lows

Crypto portfolio manager and chief investment officer of Ikigai Asset Management, Travis Kling, is also confident that there will be no dropping back to those low $3,000 prices, tweeting;

“In the 7 weeks leading up to April 1, the chances we would retest the lows of mid-Dec diminished significantly. The price action in the month of April, beginning with the massive move up April 1, essentially put the nail in the coffin for new lows. A retest is now highly unlikely,”

Either way the general sentiment for most of 2019 so far has been way better than 2018 where ‘crypto crash’ was one of the most popularly used terms to describe markets. At the time of writing Bitcoin had spent the best part of the past 24 hours trading above $5,200, level on the day. A clear uptrend has formed over the past week since the initial pump and a critical point will be reached at the end of this ascending triangle in a few days’ time when a major move is expected.

Image from Shutterstock

The post Analyst: Bitcoin Bulls Are Back, Critical Move Expected Soon appeared first on NewsBTC.

As the week nears the halfway point, it will be interesting to see which markets can perform and which will fall apart. So far, the overall uptrend is still rather evident, although things can easily change. The Stellar price remains in the red at this time, although its bullish hourly chart might help change that fact pretty quickly.

Stellar Price Tries to Recover

It is always interesting to keep an eye on the many different cryptocurrencies, tokens, and digital assets available today. Although it remains to be seen how things will evolve exactly, there is still a lot of bullish momentum brewing behind the scenes. As Bitcoin continues its uptrend, Stellar seems to struggle for traction a bit. Not that big of a deal, as this deficit can be overcome without too many problems if the trading volume picks up again.

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Over the past 24 hours, the Stellar price is still down by 1.1% as it dropped to $0.127127. There is also a dip in XLM/BTC< which drives that ratio down to 2,423 Satoshi. Neither of these developments are extremely worrisome, although they do seem to buck the overall trend affecting most markets right now. As such, there is a genuine chance things will get pretty interesting moving forward, albeit one never knows what the future will hold for this particular market.

There is still some excitement regarding the use of Stellar’s network by Western Union. Albeit the remittance giant initially showed an interest in Ripple, it seems the company is keeping all options on the table at this time. Which solution the company will work with in the end, remains to be seen, as both Stellar and RIpple have their own advantages and downsides.

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The bigger news of the week so far comes in the form of Astrograph. This represents a gateway to the Stellar blockchain ecosystem through a single GraphQL endpoint. For corporations and developers, this can have some very big consequences in terms of developing new products and services. Developments like these can help advance a blockchain ecosystem to a whole new level over the years to come.

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For those traders who simply want to make some money at all costs, there are a few arbitrage opportunities available involving XLM. A price difference between Binance/KuCoin and Bitexen can make interested parties some decent profit in the process. Bitexen is not the most liquid exchange by any means, but it is still an option worth looking into for a quick buck regardless.

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The big question is when Stellar will recover from this dip and where its value will head next in the process. As of right now, it seems the overall bullish momentum affecting most markets will spill over to XLM as well, albeit no major gains are expected at this time. A day of minor gains would not hurt this industry either, even if it makes things far less exciting compared to the past week.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

The post Stellar Price Struggles to Overcome the dip Despite Promising Developments appeared first on The Merkle Hash.

CEO of TransferGo Daumantas Dvilinskas took center stage on day two of Swell 2018. Not only did he share in detail how TransferGo is delivering on its promise of making global real-time settlement a reality, he also announced a new, free global payments service for customers anywhere in the world: TransferGo FREE.

Dvilinskas explained that his company’s mission is to remove friction from global payments and make them instant. When he launched the business six years ago, Dvilinskas described players within the financial services industry as “separate islands,” and growing TransferGo’s global banking partner network meant forging individual partnerships with each.

He remarked, “In effect, we built a glimpse of what the future of cross-border financial services would be: A truly real-time experience where customers can send money to their friends and family regardless of where they are.”

By doing this, he proclaimed, “We have transformed people’s lives.”

First, the company decreased costs by up to 90 percent in some regions. They also dramatically reduced the time of settlement, to under 30 seconds and offered guarantees for these transactions.

Dvilinskas described, “a huge shift in consumer behavior — customers started sending small transactions more, and more frequently.” He says TransferGo has saved $25 million for customers to date, and customers have approximately 20 percent more available income because of these savings.

This has helped to boost the company’s popularity and earn high ratings on consumer reviews. It has also driven rapid growth for the company. Today, TransferGo has 700,000 customers across 47 destinations worldwide and completes 1.5 million transactions per year.

But, it’s still not enough to drive true impact in the cross-border payments industry worldwide, according to Dvilinskas. He has his sights on growing the company’s customer base from one million to one hundred million.

To do this, he points to innovation — blockchain and TransferGo’s partnership with Ripple. He called out the benefits such as standardizing with APIs for building faster connections and real-time messaging for shared responsibility around the risk profile of customers.

Dvilinskas explained, “We just launched our first xCurrent transactions from everywhere in Europe to India through a partnership with Axis Bank. Ripple helped us build and manage this relationship.”

This new corridor from Europe to India offers real-time transactions and relies on a single API. In just one month, TransferGo has seen 315 percent growth. Dvilinskas thinks that volumes across this new corridor will continue to increase over the coming year as more retail customers learn about the service.

Dvilinskas closed his session with an exciting announcement. He pointed out that the cost, or “price,” of cross-border transactions is a huge friction point for most customers. They are not transparent and can be prohibitively expensive.

He questioned, “Can we make cross-border payments completely free? What would it take to offer the mid-market zero fees?”

TransferGo has what it takes. Dvilinskas and TransferGo are now offering TransferGo FREE to customers around the world.

[youtube https://www.youtube.com/watch?v=Iz5jOn7Elgs]

The post TransferGo On Solving for Real-Time Cross-Border Settlement at Swell 2018 appeared first on Ripple.

Coinspeaker
ABBC Coin – Official Announcement

I am proud to announce that our year-long trademark lawsuit with Alibaba has finally come to an end with mutual understanding. ABBC Foundation and the Alibaba Group have negotiated a settlement that will be mutually beneficial for both of our organizations and are ecstatic with the outcome. What started off as a feud, looks like will end as a blessing. The settlement allows us and Alibaba.com to move forward in our respective plans to truly revolutionize the way business is conducted in the ever-growing connected world.

I am thrilled to announce and share ABBC Foundation’s latest developments in exchange listings, platform development, marketing, and partnerships.

  1. Exchange Listings: A couple weeks ago we publicly announced that the ABBC Coin will be listing on 13 new exchanges. The number was not an exaggeration, as we have finalized and signed contracts with more than 10 additional unannounced exchanges for listing. We are confident that as we continue to cooperate in the announcement of listing dates and trading details, our supporters will be more than satisfied with the dramatic increase in trading volume on some of the world’s most respected exchanges. This is not an easy feat, and is only achievable by projects with truly promising futures in which the exchanges are able to see as well.
  2. Platform Development: Despite the long lawsuit, our team has been making great progress in development. We have received over $1.2 billion through various financial partners to pour into the dream platform that we have envisioned from the start. Coin Shopping Mall (CSM) has now been in development for over a year, and will soon be ready to launch in a few months. This platform aims to revolutionize the future of eCommerce and online-shopping, and it is apparent that our partners believe in the vision as well, as they have been blessing us with adamant support. Our global network of financial partners will be unveiled when we are fully established and ready to launch.
    The shopping mall will accept cryptocurrencies like Bitcoin and Ethereum, as well as a variety of other coins, the same way that current online retailers accept fiat currency. We believe that with our new wallet and staking and rewards system, which will be detailed more later, will truly push our platform to new heights. ABBC Coin holders will have the opportunity to generate real revenue and the platform will give a chance for a world with less income inequality.
  3. Partnerships & eCommerce Integrations: Other than our impressive list of financial supporters and our exchange partners, we are in the process of integrating the Coin Shopping Mall with many of the world’s most renowned online shopping malls including Alibaba, Amazon, eBay, Coupang Mall, and more. Our goal is to have at least 25 online retailers integrated into our platform at launch. We are confident that more and more retailers will want to be integrated into our platform as we grow.
  4. U.S. Expansion: We are currently in the process of launching an R&D (research and development) facility in the United States, in accordance with local and federal laws. This state-of-the-art facility will hopefully attract the world’s top talents in a variety of fields, not only limited to blockchain development.

We thank all our supporters and followers for your ongoing interest in ABBC Coin and ABBC Foundation’s ambitious projects. We can not be more excited about the future, and from the bottom of our hearts, the ABBC team and I pledge to work tirelessly until we succeed in revolutionizing the online shopping experience and making the economic playing field a fairer and more equal place. I hope that you stay tuned as we will continue to release more details as they are ready.

With humbleness and joy,

Jason Daniel Paul Philip

CEO, ABBC Coin

Foundation Chairman, ABBC Foundation

ABBC Coin – Official Announcement

Price Analysis Video.jpg

[youtube https://www.youtube.com/watch?v=TI3HVltvcWE?feature=oembed&w=480&h=270]

Summary:

  1. The bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $5,000 levels.
  2. From an intraday perspective, we have established new support on three separate levels that were previously resistance as the market progresses along its supply and demand channel.
  3. Macro-wise, we are still sitting in a no man’s land between macro support and macro resistance. The low timeframe has the market consolidating upward with higher lows and higher highs in conjunction with decreasing volume. The next macro resistance level lies at $5,600.
  4. If the market fails to rally, we can expect a retest of the established support at $4,700.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

This article originally appeared on Bitcoin Magazine.

The recent Bitcoin rally through months-long resistance at $4,200 has re-ignited the crypto market’s bullish fervor. After nearly a year and a half of bear market, a potential bottom may be in and it’s causing bulls to become more confident that the worst is behind us and a new bull run is close to starting.

One crypto analyst that’s recently gained a lot of attention in the cryptosphere, is now claiming that all of the top cryptocurrencies are currently behind held back by Bitcoin’s current resistance level, and that once it breaks, a new bull run will begin.

Analyst: Bitcoin Bull Run Begins After Break of $5,260

Ethereum trader and crypto analyst ScienceGuy9489 has recently made waves in the crypto space after emerging from a long slumber that pre-dates the peak of the last bull run and sharing some charts that predict not only target prices, but break out dates for Bitcoin, Ethereum, Ripple, and Litecoin.

The bullish calls were almost immediately validated when Bitcoin price rose nearly $1,000 in an hour – more than the previous two months of price growth combined.

Related Reading | Crypto Community Speculates On What Triggered Massive Bitcoin Price Rally 

Since then, the analyst has become a bit of a crypto celebrity, sharing a number of charts and predictions on where the market will go next.

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In his latest tweet, the crypto analyst claims that a breakout above $5,260 in Bitcoin price charts, will “cause another bull run.” He further suggests that Ethereum, Litecoin, Ripple, and Stellar – other major cryptocurrencies in the top ten by market cap – are being held back by the critical resistance level.

If the resistance is broken, he says to “expect big gains” if the rally is sustained. If Bitcoin is unable to break through $5,260 and maintain its gains, then he recommends selling the resistance until it is eventually broken.

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Trader Sets Lofty Price Targets For Top Cryptos

ScienceGuy9489’s previous predictions came with oddly specific breakout dates. The dates haven’t yet been reached, but all of the proposed breakouts of downtrend lines have occurred.

Due to the fact this trader appeared after well over a year of silence, only to appear and share charts that immediately played out, he’s being given additional credence for his predictions by the crypto community at large. However, the one piece of the puzzle that’s left investors scratching their heads: the price targets that beat each cryptocurrency’s previous all-time high.

Related Reading | Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term 

That’s right, the trader is predicting Bitcoin to reach $28,100, Ethereum to hit $2,090, Litecoin to reach $650, and Ripple to skyrocket to $4 per XRP. There’s no date as to when each target may be reached, but if he’s right about a bull run resuming with a break of $5,260, then these prices may soon become a reality.

The post Crypto Analyst: Break of Current Bitcoin Resistance Will Commence Bull Run appeared first on NewsBTC.

A public opinion poll in Russia has shown that only one-third of people in the country do not think Bitcoin (BTC) is a viable investment. This survey result comes as recent reports claim Russian oligarchs are buying up BTC to bypass US sanctions.


One in Three Russians Say Bitcoin is Not Viable

The Russian Public Opinion Research Center (VCIOM) on Tuesday (April 9, 2019) released the result of a public opinion poll on Bitcoin conducted in the country. According to the results,  only 36 percent of the 1,600 participants in the poll say Bitcoin investment is not profitable.

While about 576 out of the 1,600 participants might think BTC isn’t viable, unconfirmed reports suggest that Russian oligarchs are stockpiling billions of dollars in bitcoin. According to the survey, only about two percent of respondents admitted to ever having purchased the virtual currency.

Bitcoin is up more than 40 percent since the start of the year and almost 68 percent since reaching lows of $3,100 in November 2018.

Also worth noting, since US sanctions were imposed in 2014, the Russian ruble is down 100 percent against the dollar. Bitcoin, on the other hand, is up 1000 percent against the USD during the same period.

BTC Awareness Is Reasonably High in Russia

Keeping with the trend observed in other previous surveys, more than half of the respondents said they had some knowledge of Bitcoin. The results presented by VCIOM on the percentage of Russians who know about Bitcoin (56 percent), is the same recorded in a 2018 survey published by the same organization.

Also, 74 percent said they had heard about the term ‘Bitcoin’ but only nine percent admitted to having more than a basic understanding of it.

Similar to other countries like South Korea, millennials are more likely to know about Bitcoin than older generations with the highest concentration in major cities like Moscow and St. Petersburg.

Only a minor group of participants, about 12 percent, believed that the Kremlin had banned Bitcoin with 16 percent of those who claimed detailed knowledge about bitcoin also holding the same claim. However, 37 percent of the people surveyed express confidence that anyone can acquire bitcoin in Russia.

So far, the government hasn’t issued any regulations on cryptocurrency, however. Today, it is not illegal to trade BTC in the country. Meanwhile, the State Duma is in the process of establishing a legal framework for developing virtual currency rules.

Do you think the high-level of Bitcoin awareness in Russia will lead to greater BTC adoption in the country? Share your thoughts with us in the comments below.


Images via Shutterstock and Bitcoinist archives

The post New Survey Finds 74% of Russians are Familiar with Bitcoin appeared first on Bitcoinist.com.

China is home to the vast majority of cryptocurrency miners, as the country is privy to extremely low energy costs compared to the rest of the world. But as Bitcoin price finds new life, lawmakers in the country are considering banning crypto mining among 450 other activities that are deemed to be unsafe, wasteful of natural resources, or pollute the environment.

The news is largely viewed as FUD in the crypto community, who have become accustomed to China threatening crypto in the past. Others believe that the news is actually bullish for Bitcoin, and could help the first every cryptocurrency become more decentralized.

Crypto Community Sounds Off On China Bitcoin Mining Ban

South China Morning Post reports that the National Development and Reform Commission (NDRC) has revealed a draft list of industrial activities the government is interested in restricting or outright banning, which include cryptocurrency mining.

Related Reading | Crypto Analyst: Higher High In Bitcoin Price Confirms Bear Market Bottom Is In 

Due to China dominating the Bitcoin mining industry, both in terms of the actual mining of BTC, as well as manufacturing the rigs that support the activity elsewhere, the entire crypto industry was up in arms this morning following the breaking news.

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Cornell University professor and founder of Ava Labs Emin Gun Sirer took to Twitter to dispel the FUD, and clear up any confusion over what it means for Bitcoin. As he points out, manufacturing mining rigs won’t end, and the news certainly doesn’t mean “the end of Bitcoin.” Other crypto analysts and investors, simply shrugged off the news.

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China has repeatedly flip-flopped its position on cryptocurrencies, but overall hasn’t been welcoming to the new financial technology and emerging asset class.

What Does the China Mining Ban Mean for Bitcoin Price?

Sirer suggests that previous “China FUD” has resulted in bullish price action in Bitcoin and other cryptocurrencies, but calls the effects of the recent news “pretty weak.”

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BTC has continued to range below resistance at $5,300 after a nearly $1,000 rally early last week, that began once Bitcoin broke $4,200. The price has remained mostly stable despite the largest source of BTC mining potentially being barred from the activity.

Related Reading | Bitcoin Price Surged More In 1 Hour Than Last Two Months Combined

Regardless of the lack of price action in response to the news, there are still many positive implications for Bitcoin that could stem from such a ban.

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With China no longer able to dominate Bitcoin mining, the network will become more decentralized and therefore safer in general. In the past, China was said to have the means and potentially the motive, to destroy Bitcoin. The motive may remain, but the means will be greatly diminished should the NDRC proceed with their proposed amendments.

The post Crypto Community Reacts to China Mining FUD, Will Bitcoin Price React Next? appeared first on NewsBTC.

Coinspeaker
Max’s Corner: Cryptography of the Present, Past, and Future

As we have covered extensively in this space, there are a number of issues that are impeding the growth of the crypto industry, none more so than those of security and fraud. Our concerns at Bytecoin, as a platform that since its inception has been proffering solutions to questions of privacy and anonymity, often overlap with those of the developers who work to improve security across the industry.

It is therefore with great interest that I read about cryptography developments last week in coding and quantum computing.

The biggest news from last week came regarding a purported breakthrough in coding cryptography by Project Everest. A preview of their work, EverCrypt, intended to establish a new and secure foundation for online computing, is now up on Github.

Project Everest is a collaborative and international effort supported by Microsoft development teams in the US, UK, and India along with Carnegie Mellon University and French research institute Inria.

Everest has claimed that the current state of internet security is precarious. There have been a number of massive attacks that have exposed weaknesses in the structure upon which the internet was built. The Heartbleed Vulnerability is an example of the type of weaknesses that can be exposed by bad actors.

The Heartbleed Vulnerability, discovered back in 2014, was not actually the product of a error in the TLS (Transport Layer Security) or SSL (Secure Sockets Layer) cryptographic protocols.

The fault stemmed from an unremarkable mistake in programming for OpenSSL, a popular TLS/SSL library used by various operating systems, web browsers, applications, and hardware devices. Hackers were able to use the code vulnerability in OpenSSL to force servers that used the library to release sensitive user data from their memory bank.

This data ranged from private passwords to TLS session keys and private server keys, the possession of which can facilitate the decryption of past and future data transactions on the server.

While fixing the problem, once it was identified, was not strenuous—all people had to do was update to the newer patch of the OpenSSL library—the vulnerability had lasting consequences and the leakage of data it caused was so pervasive that attempts to stem the flow were by necessity Herculean.

Once one server is exposed, all of the traffic processed by that server is likewise denuded and all past and future users are at risk.

The Heartbleed Vulnerability is just one of several regrettable pages in the in the history of online data transactions, but it shares with many other data breaches its cause of simple human error.

It was not the fault of the code itself that the door was opened to sensitive data, but that of human negligence. The equations of capabilities of highly complex systems that extend beyond the reach of what is possible for man are still set in motion by man and therefore subjected to his limitations, however paltry they may be in comparison.

As it stand now, the composition of web security is made up of a combination of entities that includes TLS, HTTPS, cryptographic algorithms, and other structures. EverCrypt has been developed as a means of improving TLS and reducing the amount of human error possible in cryptography.

On the Microsoft blog Jonathan Protzenko wrote:

“Delivering an implementation of TLS that guarantees with mathematical certainty your communications will be confidential and protected is a vast and ambitious effort. Like the building of a pyramid, it requires a strong foundation. Such an implementation needs successive verified software layers, beginning with the raw cryptographic algorithms, followed by a cryptographic provider.

A crucially important component, the cryptographic provider orchestrates these standalone algorithms into a unified collection to meet the security needs of the protocol. Today, we’re happy to introduce the first fully verified cryptographic provider.”

While the improvements that EverCrypt will bring to general cryptography will invariably affect blockchain technology, as the progress made by its developers ripples through the wide seas of online activity, where the project may have its most indelible impact is as a model for DLTs (distributed ledger systems).

Protzenko went on in the blog to write about the desire to build a single comprehensive library where developers can find, “asymmetric and symmetric encryption and signing, hashing, and key derivation” among other things. These will be more than familiar terms for those of us in the blockchain community.

This is an encouraging development at a time when both cybersecurity in general and crypto, in particular, could use an infusion of security.

Mastercard Funding Search for Unicorns

As time passes and the crypto industry matures, more and more institutions are coming to see it as a fecund breeding ground for future profits. The likes of JP Morgan, IBM, and Paypal, just to name a few, are among the corporations that have invested in cryptocurrency projects and blockchain technology.

But this is very much still an emerging industry, and the amount of specialists in it is far outweighed by the need for more specialists. While there are many programs that have been instituted in order to cultivate new cryptographers to join the burgeoning industry, Mastercard has gone one further and funded a program that works to encourage girls to develop skills in emerging technologies.

The company’s STEM program, Girls4Tech, recently appeared for the first time at the USA Science and Engineering Festival hoping to inspire the next generation of young women to achieve in the field of cryptography. When asked about the company’s goals with Girls4Tech, Dana Lorberg, executive vice president of Operations and Technology at MasterCard, explained:

“Cryptography and cybersecurity are crucial fields…but finding women in them is like finding unicorns.”

Quantum Cryptography Race Is On

While we looked earlier at the efforts being made to improve the security of user-data and online activity as it is defined today, the sides are currently being drawn up in a bigger conflict supposedly set to take place in the near future. The field of action will be quantum computing and all existing data will be in play. The use of quantum and super computers could potentially allow bad actors to penetrate and compromise even the most sensitive and highly protected networks.

With national and financial security at stake, countries around the world are racing to develop quantum cryptographic means of protecting sensitive data. As a means of dealing with the emerging threat posed by this kind of next-level computing, the National Institute of Standards and Technology has started a Post-Quantum Cryptography program that asks participants to create a set of algorithms that are quantum resistant.

The timeframe laid out in most projections looks to the dawn of the next age of computing to come in about ten years. The processors that will be released will operate on qubits—photons, neutrons, protons, and electrons—rather than the ones and zeros of today’s machines. With America and China leading the race to quantum, the axis of online power and all facets of online life are likely to shift in accordance with the outcome.

Max’s Corner: Cryptography of the Present, Past, and Future

[youtube https://www.youtube.com/watch?v=zGaHYOefNmQ]

The second annual Swell by Ripple customer conference has officially come to a close. Over the course of two days the world’s leading experts in policy, payments and technology converged in San Francisco for 14 dynamic sessions, featuring 32 speakers, on the future of payments. The event also provided an opportunity for Ripple’s customers to meet, share and establish new corridors on RippleNet.

Beginning with President Bill Clinton’s keynote address, day one of Swell featured remarks by CEO Brad Garlinghouse on the Internet of Value and Banco Santander’s Head of Innovation Ed Metzger on One Pay FX, the first mobile app for cross-border payments using RippleNet.

Policy and regulation also were a major focus in two back-to-back sessions featuring Honorable Sunil Sabharwal, former alternate executive director of the International Monetary Fund (IMF), discussing global regulatory policy and central banks on their approach to blockchain and digital assets.

Day one also featured exciting Ripple news: xRapid is commercially available and will go into production with three financial institutions.

On day two, Ripple released the first Blockchain in Payments Report during the keynote session featuring Chief Market Strategist Cory Johnson alongside Celent Senor Analyst Alenka Grealish. Key among the findings: mainstream blockchain adoption is at an important tipping point.

The rest of the day was packed with memorable on-stage moments, including talks led by customers Siam Commercial Bank’s Colin Dinn, TransferGo’s CEO Daumantas Dvilinskas and InstaReM’s Prajit Nanu and BeeTech’s Fernando Pavani. All highlighted impressive results from their use of Ripple’s blockchain technology in cross-border payments.

A dynamic discussion on the future of digital asset adoption featured representatives from Remitr, Bittrex and IDT Corporation. The panelists pointed out that cross-border payments is likely what will inspire mainstream use of digital assets and that regulatory compliance was a crucial component for adoption.

Evaluating the future of payments was also a key topic for speakers. A session led by former Ebay executive RJ Pittman offered some insight into why improving payments infrastructure will provide serious growth opportunities for the entire industry.

An impressive panel on implementing the adoption of innovative technology featured Tokunboh Ishmael, Amy Radin, and Ben Braybn and underscored the importance that new technology like blockchain can have on developing economies.

The finale of Swell 2018 was the Blockchain Innovator Awards ceremony. Cuallix, InstaReM, Siam Commercial Bank, Banco Santander, TransferGO, and the Saudi Arabian Monetary Authority were all honored for their achievements over the last year.

If you missed any of the sessions on either day or our immediate coverage, then check out our full length videos of each session on Ripple’s YouTube channel.

We hope you enjoyed the insights and coverage of this year’s event. We’re already excited for Swell 2019!

The post Swell 2018: Wrapping Up a Historic Year for Ripple appeared first on Ripple.

  • Ethereum prices up 25.2 percent
  • Volumes drop after last week’s rally, but participation would drive levels up

Grayscale Investment did re-balance their holdings reducing their exposure of Ethereum (ETH) by 0.3 percent. While negative, Ethereum (ETH) bulls are back and ready for $200 and higher.

Ethereum Price Analysis

Fundamentals

Bulls are back and sensing opportunity, lending companies are re-launching. They may have learned a thing or two from BitConnect and similar platforms which closed shop after last years’ drawdown but what is clear is that there is goodwill to provide returns for willing risk takers with matching done via p2p. Dharma is one of the many mushrooming crypto lending start-ups.

According to reports, the platform will utilize Ethereum’s smart contracts, will remain non-custodial and at the same time offer fixed interest rates for lenders. The only catch is that borrowers must put to good use their loans.

While Dharma and Nadav Hollander, the CEO plan to make this a success, Grayscale Investment did readjust their ETH exposure after re-calibrating their Digital Large Cap Fund’s (DLC). Explaining to their followers, Grayscale said the adjustment is part of their quarterly reviews and part of that is to maintain the fund’s strategy that “seeks to provide exposure to the large-cap segment of the digital asset class.” Ethereum (ETH) exposure did drop from 13.9 percent to 13.6 percent:

“Although no new assets qualified for inclusion following DLC’S Quarterly Review (3/31/19), the below table highlights how DLC’s weightings have changed from December 31, 2018, to March 31, 2019: $BTC $ETH $XRP $BCH $LTC.”

Candlestick Arrangements

Price wise, Ethereum (ETH) is up 25.2 percent at the time of press and pretty stable in the last day. At $176, bulls are firmly in control, and as long as traders maintain prices at those levels, it is likely that momentum will drive prices towards $250 in a bullish breakout pattern.

In line with our last ETH/USD trade plan and the fact that prices are trending above Q4 2018 highs, every low should technically be another buying opportunity. And solid technical reasons are supporting this stance. First, note that ETH bars are green and banding along the upper BB.

That’s not all. Prices are diverging away from the middle BB. If anything, this is bullish, and traders should capitalize on this upswing, ramp up and aim for $250, our first conservative targets.

Technical Indicators

Our anchor bar is Apr 3 bar with 820k. Therefore, although volumes are shrinking after last week’s explosion, any pullback must be with light volumes below 820k. At the same time, any breach of major resistance line $250 should be with high volumes exceeding 575k of Apr 2 or even 880k of Feb 24.

Chart courtesy of Trading View 

The post Ethereum (ETH) Bulls in Control Even as Crypto Fund Reduce Exposure appeared first on NewsBTC.

Sparkswap

Bitcoin’s first decentralized exchange to make use of the Lightning Network’s Atomic Swaps is now in beta.

Sparkswap, an exchange with backing from Pantera Capital (which announced its ambitious mission to become the most decentralized bitcoin exchange on the market in August 2018), has now opened its beta to users. Leveraging the Lightning Network, the exchange is non-custodial and trading is decentralized. Users will be able to execute buy and sell orders between each other directly and, thanks to atomic swapping, they’ll also be able to trade coins across blockchains.

“At no point can either Sparkswap or your counterparty deprive you of your assets — the trades either complete or they do not,” Sparkswap Founder Trey Griffith told Bitcoin Magazine. “We are also a venue for trading, not an over-the-counter service like ShapeShift, so users are trading with each other.”

For this mainnet launch, Sparkswap will only feature a bitcoin and litecoin trading pair, but it could feasibly support other atomic swap-friendly cryptocurrencies like decred, vertcoin or komodo. Griffith added that the exchange also has “plans to accommodate many other cryptocurrencies, including beyond Bitcoin Script-based projects.” The technology, Griffith said, can accommodate other payment channel networks that aren’t necessarily compatible with the Lightning Network, so long as certain criteria are met.

Sparkswap orderbook

To access the exchange, users need to download Sparkswap Broker, the exchange’s open-source software. This kit includes everything needed to bootstrap both a Bitcoin and Litecoin full node, as well as Bitcoin and Litecoin Lightning nodes for running payment channels. If you’re already running full nodes, then you’re free to use these, though Griffith said that, for now, the exchange’s inaugural users cannot leverage their own Lightning nodes or custodial Lightning services.

When we asked if the exchange will evolve to support other Lightning Network technology like Submarine Swaps in the future, Griffith said that the semi-on-chain nature of this technical trick doesn’t fit Sparkswap’s use case.

“Our focus is on making cryptocurrency trading fast enough for professional users without sacrificing Bitcoin support and self-custody,” Griffith said. “Submarine Swaps by their nature are on-chain for half of the transaction, so while they provide an important service for the network (as evidenced by Lightning Loop), they don't fit the needs of the product that we're building [or] our users.”

Debuting at the outset of 2018, the Lightning Network continues to enjoy increasing developer activity and impressive growth. With technical solutions, wallets and services proliferating, as well as community initiatives like the Lightning Torch, Griffith believes that optimism has supplanted the doubt that used to surround the Lightning Network in the infancy of its construction. For him, Sparkswap harnesses both this positive outlook and the payment network’s great promise, and there’s not a better time to be working toward the future of Bitcoin.

“I've been building on Lightning since late 2017 when it was still ‘never going to ship,’ so from my perspective these projects and efforts have been under the surface for a long time, but are now finally breaking through,” Griffith said. “Lightning is certainly not a finished product, but it has a ton of interesting applications, including near-instant cross-chain swaps like Sparkswap, that I'm excited to see get built out and gain usage. Collectively, we're building the infrastructure that is going to power a Bitcoin-based financial system, and that makes this a very exciting time to be in this industry.”

This article originally appeared on Bitcoin Magazine.

As much as crypto stakeholders bash Tron (TRX) for its questionable practices, marketing-centric policies, and its propensity to spark communal discourse, there is no doubt the blockchain project has done its utmost to stay afloat in this Bitcoin bear market.

Whether it be releasing a Tron-based version of Tether’s USDT, running a controversial yet lavish $20 million and Tesla giveaway, buying out BitTorrent to implement blockchain, or an act of a similar sort and caliber, the project has kept its nose to the proverbial grindstone. And this perpetual grind might not be stopping anytime soon.

Related Reading: Exclusive: Why The Hell Is Tron CEO Sun Giving Away $20 Million?

Tron’s Justin Sun is looking to continue this thread of wins with a technological advancement called the Sun Network, named after, well, the cryptocurrency entrepreneur himself.

Meet The Sun Network

Justin Sun recently took to Twitter to cheerily announce the establishment of the Sun Network venture, a second layer solution for the smart contract-centric Tron blockchain. According to the Ripple alumnus, who attended Jack Ma’s Hupan University, the Sun Network solution could allow Tron’s transactional throughput to increase by 100 times.

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This ambition may seem rather quixotic, especially considering Tron’s purportedly already sufficient processing capabilities, but Sun seems entirely serious. In fact, the San Francisco-based Tron Foundation, which Sun heads, just released a one-pager briefly outlining the logistics and technicals of this layer two innovation.

Per the Foundation’s document, the Sun Network isn’t exactly a simple, single-faceted layer two advancement. Instead, this “network” will consist of “DApp sidechains,” cross-chain infrastructures to promote interoperability, and “some other expansion projects.”

The cumulative effect of these innovations will, as per the Tron Foundation, increase the “overall TPS and smart contract efficiency of Tron.” The DApp sidechains themselves will purportedly allow Tron to run smart contracts with “extremely low energy consumption, high security, and efficiency.” Funnily enough, the potential improvements weren’t explicitly quantified, leaving it anyone’s guess as to how the Sun Network will benefit Tron over the long haul.

But, we will soon see how the Sun Network plays out, as Tron intends to launch a test-stage DAppchain by May 30th, a fully-fledged DAppchain by August 10th, and an upgraded version just 40 days later.

Justin Sun Has High Hopes For Tron 

As explained earlier, it is currently anyone’s guess as to how Sun’s latest passion project will aid Tron. Sun himself, though, is absolutely convinced that the Sun Network will have a decidedly positive effect on his brainchild.

In a recent interview with NewsBTC at Hong Kong’s Token2049, Sun remarked that he expects for the Sun Network, the launch of a Tron-based USDT, the growth of DApp use on the platform (Sun predicts 2,000 active application by year’s end), the launch of ZK-snarks, among other advancements to propel TRX to new heights. In fact, Sun overtly claimed that if all pans out, TRX could easily be the fourth most valuable cryptocurrency by the end of 2019, placing it below Bitcoin, Ethereum, and XRP.

For some perspective, the market capitalization of Tron would need to rally by 170% at current levels, barring that its competitors remain flat, to reach that fourth seat.

A Shameless Copy Of Ethereum 2.0?

Considering the timing and speed of this move, some are wondering about Sun’s true intentions. Is Tron trying to get a leg up over Ethereum? Is the Sun Network a ploy to steal attention from the similar Ethereum Serenity or the speed-centric Lightning Network? you may be asking.

If you look at Sun’s recent Twitter quips at Ethereum creator Vitalik Buterin, especially about avocados and Twitter followers, you might think this is the case. But, considering a number of the Tron chief executive’s recent interviews, he may be looking to help join hands with the competing project.

As reported by NewsBTC previously, during a recent episode of TheCryptoChick’s podcast, Sun remarked that he expects for this year to see Tron “officially collaborate” with Ethereum. This, interestingly, enough comes after Sun claimed that he would “immortalize”  Buterin and Ethereum’s crowd after Tron succeeds, and after Buterin joked that he would lose faith in humanity if Tron wins the blockchain game.

Regardless, the Sun Network likely isn’t a copy of Ethereum’s Serenity roadmap or the Bitcoin Lightning Network for that matter. However, with this move, the minds behind Tron are likely trying to take some thunder away from the crypto market’s biggest names, as the project looks to usurp cryptocurrencies like EOS, Stellar Lumens, Cardano, and even Binance Coin, from where they sit now.

But will Justin Sun & Co. succeed? That’s the question that will have to be answered with real products, not just marketing and hype.

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Featured Image from Shutterstock

The post What Justin Sun Thinks Will Boost Tron (TRX) Near The Top Of Crypto appeared first on NewsBTC.

China’s top economic planning body has unveiled its plan for future industrial structure, categorising industries as ‘encourage’, ‘restrict’ or ‘eliminate’. Top of the list of industries recommended for immediate elimination is bitcoin mining. But that’s really nothing to stress about.


Playing ‘Kiss, Marry, Kill’ With The Crypto Industry

So the National Development and Reform Commission (NDRC) has issued a ‘kill order’ on cryptocurrency mining. Is this just the latest stage in China’s ongoing war against Bitcoin and its offspring? Or something far less sinister?

Firstly, this is just a draft list, which is under public consultation until May 7. Although quite how a public consultation affect’s anything in China is anybody’s guess.

Secondly, this is a list of thousands of industries, with recommendations for each. The 450+ industries tagged for elimination fall foul of a number of possible criteria, including pollution and waste of resources.

Furthermore, the list was first published in 2011, yet most of the industries marked for elimination then are still around. In fact, most reappear in the ‘eliminate’ list in this updated draft.

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Even if this was a move specifically targeting Bitcoin, we could construe China’s continued offensive as a bullish sign.

But What If It’s Different This Time?

Meh. According to Bitcoin commentator Dovey Wan, these proposals rarely get implemented by local governments anyway, but if they do… Meh.

Firstly, if the Chinese government does enact the recommendations, local miners would have to move operations to other countries. According to Beijing-based crypto-analyst, Michael Zhong:

Bitcoin mining will no longer be dominated by China but become more decentralized.

A ‘more decentralised’ Bitcoin, eh? Well that’s not too upsetting a prospect now, is it?

Furthermore, the removal of Chinese miners exploiting cheap electricity prices, would push the cost of mining up. And when the mining costs go up, it has a net positive effect on bitcoin price. So… more decentralised AND more valuable?

“The loss of cheap Chinese electricity would raise the mining cost, which is net positive on price,” explains eToro senior market analyst, Mati Greenspan. “It would also serve to kill the FUD that Bitcoin mining is centralized.”

Maybe there’s some way we can influence this public consultation after all?

Would China banning bitcoin mining be a net positive for BTC? Share your thoughts below!


Images via Shutterstock

The post China’s Proposed Bitcoin Mining Ban Would Be Good For BTC Price appeared first on Bitcoinist.com.

Coinspeaker
Western Union Teams Up Digital Wallet Coins.ph for Enhanced Cross-Border Transfers

Money transfer giant Western Union has partnered with the Philippines leading e-wallet provider Coins.ph. As a result, more than five million customers are now able to receive international and domestic money transfers directly into their Coins.ph wallets in the Philippines.

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According to the announcement, the integration of the Coins.ph blockchain-enabled platform and Western Union’s cross-border platform allows Filipinos to receive and hold international money transfers initiated from Western Union’s digital network in more than 60 countries and retail network in more 200 countries and territories.

The Philippines represent one of the leading remittance-receiving countries in the world. As Coins.ph co-founder and CEO Ron Hose said, about 10 million Filipinos work or live abroad. According to World Bank statistics, in 2017 remittances to the Philippines made up $32.8 billion or 10.5% of GDP. Last year, registered remittance inflows accounted for $34 billion.

Ron Hose commented:

“There are many overseas Filipino workers who send money back home regularly and are always looking for additional remittance options that will make it most convenient for their loved ones to receive money. By pairing Coins.phs payments technology with Western Union’s expansive global network, we are giving Filipinos a seamless choice to receive money digitally, on the go.”

To use the new service, customers have to register for Coins.ph wallet, give their valid ID, and complete electronic Know Your Customer (KYC) procedures.  It is notable that a consumer wallet capacity will be limited by Coins.ph to 100,000 Philippines pesos per month (about $1,907).

With Western Union, that has 12,000 agent locations in the Philippines, cross-border transfers will become easier and cheaper, as using Western Union via the internet costs less than going into an agent.

Molly Shea, SVP & General Manager, Global Money Transfer, Asia Pacific, Western Union, commented on the partnership:

“Over the years, Western Union has fueled innovation centered around the needs of customers, giving them their choice of channels, currencies, access and opportunities to connect with family and friends around the globe. With this collaboration with Coins.ph, we are delighted to offer customers in the Philippines with an unmatched depth of services and capabilities, and convenience right at their fingertips.”

Western Union Adopts Blockchain

Western Union Company is an American financial services and communications company and the world’s leading operator of cross-border and cross-currency money transfers. In February, the company started testing Ripple solutions to provide its settlement services. As we reported, the company had long been exploring xRapid and considered it a good means to make speedy cross-border payments. 

In March this year, Western Union teamed up with Stellar (XLM) collaborator Thunes to allow its clients to transfer funds directly into recipients’ mobile wallets around the world. With this partnership, Western Union enabled the use of WU’s digital network or WU agent locations to transfer funds directly to the recipient’s mobile wallet. Expanding its functionality, Western Union provided financial services to those who are not supported by common financial service providers and improved financial integration globally.

Western Union Teams Up Digital Wallet Coins.ph for Enhanced Cross-Border Transfers

Coinspeaker
Ubecoin: Decentralizing the E-Commerce Industry

E-commerce has become a vital part of every individual’s daily life and lifestyle. It offers convenience, comfort, affordability and a variety of products without having to visit stores. Companies such as Alibaba, Amazon, Ebay and many more have gained instantaneous recognition and account for over 50% of the total market share.

But, every good thing comes at a cost, therefore, problems related to e-commerce have begun to emerge. The current e-commerce model suffers from problems related to supply-chain management, payments, data security, inefficient management systems, lack of transparent marketplaces, unsatisfied retailers and consumers. Blockchain technology stands as the only solution that can sweep away these problems if applied smartly.

Coming to the rescue of the current e-commerce industry, Ube Ltd has developed a user-friendly platform based on the robust blockchain technology. The platform aims to completely disrupt the global traditional barter market with Ubecoin and Free Trade Barter. Ube Ltd realizes the need for a borderless economy and attempts to resolve issues in the current barter system such as, limited access and knowledge, currency fluctuations in cross border payments, intermediaries and diminished profit margins.

Ubecoin, used as a medium of exchange on the platform, facilitates confirming and conducting transactions in a secure, decentralized and private way within the network. The ERC20 standard token is a hybrid cryptocurrency that can be used for B2B, B2C and C2B transactions. Providing an access to a decentralized trading platform, Ubecoin will help consumers and businesses overcome the problems of currency fluctuations and cash fees incurred during cross-border transactions.

Additionally, trading on the platform will benefit consumers and merchants from a zero cash transaction fee, instantaneous transactions, complete control of their account balance, increased security and accountability.

Blockchain is at the forefront of the digital revolution and possesses capabilities of disrupting every industry. With a smart use of the disruptive technology, Ube Ltd is attempting to transform the traditional barter business models by tapping on the existing flaws and providing solutions that benefit the industry as a whole. Their mission is to empower merchants and consumers by transforming the current barter model into a community based, decentralized model.

Ubecoin: Decentralizing the E-Commerce Industry

With so much cryptocurrency market momentum to keep an eye on, money can be earned or lost fairly quickly. Today offers a bit of a mixed bag in terms of markets rising and declining in quick succession. While Bitcoin remains rather bullish,  the Tron price is one of the biggest rises of today. A very impressive trend, albeit one that may be difficult to sustain.

Tron Price Continues its Uptrend

It is always good to see crypto markets resume their promising momentum after an action-packed weekend. While weekends are never indicative as to what the rest of the week will bring, it seems Tron’s momentum was right on the money. Contrary to many people’s expectations, the TRX value shows no signs of declining.

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Over the past 24 hours, the Tron price has gained another 8.75% to rise to $0.031114. There is also a 7.43% gain in TRX/BTC, which pushes that value to just under 600 Satoshi. Both trends are very impressive in this regard, as they are sustained by over $752m worth of trading volume. As such, a reversal seems rather unlikely at this time.

As one would come to expect, there is a rather positive attitude toward Tron brewing across social media. CryptoYeshe, for example, remains convinced Tron is going for the lead. That means it should overtake Bitcoin at some point, which is nigh impossible. However, there is a chance the price will remain in the green for some time to come, albeit that will primarily depend on Bitcoin’s momentum.

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A similar sentiment is echoed by GuiCryptoGui, although this user is seemingly trying to provoke a reaction first and foremost. Asking where the Tron haters are will always draw some unwanted attention, although there is some merit to this attitude as well. It seems a lot of hate toward Tron has disappeared in recent weeks, which is rather unusual.

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For those interested in dealing with the TRX chart, the market can still swing either way without any real problems. Crypto Tone expects a push to $0,05 to materialize fairly soon, which would result in a near 65% price increase. Not entirely impossible, but not all that realistic either.

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When looking at the big picture, the markets mainly flash bullish signals as this new week commences. It is certainly possible some altcoins, tokens, r assets will face bearish pressure, although it should not result in any serious losses. For Tron, turning $0.03 into a support level will be the first order of business. If that is done successfully there may be a sustainable uptrend in its future.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

The post Tron Price Gains Over 8% in Renewed Bullish Push appeared first on The Merkle Hash.

[youtube https://www.youtube.com/watch?v=MeAUO1vIl2w]

As blockchain and digital asset adoption around the world accelerates, so too has the conversation on how they should be treated by regulators. This critical topic was a major focus on stage at this year’s Swell by Ripple conference.

The “Crypto Regulation Around the World” session featured four regulators and policy makers: Richard Teng of Abu Dhabi Global Market; Anchari Suppiroj of Thailand’s Security and Exchange Commision; Ross Leckow, the deputy general counsel of the International Monetary Fund (IMF); and Michael S. Didiuk, the former attorney for the Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations. The panel of speakers was moderated by Ben Lawsky, a Ripple board member and former regulator for the State of New York.

Thailand and Abu Dhabi leading from the front

Thailand and Abu Dhabi are two of the first countries offering comprehensive frameworks for the regulation of digital assets. While each country’s regulatory approach is different, both Teng and Suppiroj pointed out that governments working closely with industry is crucial. Suppiroj underscored that regulators should maintain a close relationship with industry, keeping “an open mindset” and “fine tuning along the way.” Teng agreed and believed that other regulators around the world were also adopting this approach.

“If you look a year ago, I think most global regulators had the view that this asset class might go away,” said Teng. “In the last three to six months, I’d say there’s been a drastic shift in sentiment: they’re going to stay. Let’s look at the right regulation for [digital assets], and how do we approach it in the right direction.”

Teng went on to express that Abu Dhabi was in a unique position because of its ability to create and employ new rules faster than most countries. By contrast, many countries have legacy regulatory regimes within which digital assets do not fit squarely. He also stressed the importance for global regulators to understand digital assets better and to not “imagine the worst,” instead he urged understanding of how to “balance the benefits.”

Embracing tech and enforcing rules in the U.S.

Michael S. Didiuk, formerly of the U.S. SEC, said the agency like it’s Thai and Abu Dhabi counterparts was “embracing the technology.” He believes the SEC’s goal is to really understand the risks and benefits associated with digital assets. Didiuk however, believes that enforcement would be a key priority for the SEC in the future.

“In the short- to medium-term, I think you’re going to see a lot of focus on enforcement,” Diduk said to the panel. He suggested that the SEC foreshadowed its enforcement on tokens in a recent U.S. legal ruling.

Finding a global consensus with the IMF at helm

While the actions of regulators in the U.S. is closely watched by the entire industry, Ross Leckow of the IMF stressed the importance of a more global perspective. He applauded Thailand and Abu Dhabi’s regulatory stances as positive examples set for others around the world.

Leckow also outlined a stance the IMF has put forward to help global regulators navigate digital assets. He stated that it was first necessary to shift from “traditional reliance on entity-based regulation” to “a bigger focus on activity-based regulation.” Again echoing Teng and Suppiroj, he stressed the importance of governments working closely with industry to create “regulatory sandboxes” and learn from new technology.

Leckow continued that it was necessary to incorporate “proportionality” to “address the risks,” and to do so “without stifling innovation.” He said this also included incorporating potential changes to traditional legal frameworks to fully address the risks and benefits of digital assets. The last component Leckow highlighted was that IMF believes international cooperation is critical to eventually provide global regulators with a set of international best practices that currently don’t exist today.

“We certainly see the risks [digital assets] present: money laundering, terrorism financing, evasion of sanctions. But, we also see the enormous potential they have to make the financial system globally more efficient and more inclusive,” Leckow explained to the audience. “We believe that for that to happen we need effective regulation in place. Trust is the glue that holds the global financial system together and regulation is a critical component for trust.”

The post Crypto Regulation Around the World appeared first on Ripple.

Coinspeaker
The World’s First Canadian Stable Coin (CADT) in Compliance with Regulations for Individual Clients is about to Launch

CADT is issued in Canada by BLOCKCHAIN VENTURE CAPITAL INC. CADT is a cryptocurrency backed by Canadian dollar with a 1:1 ratio. CADT has deployed a world-leading AML and KYC system, completely complying with Canadian securities regulation.

CADT is the world’s first third generation blockchain stable coin solution. On the basis of the first and second generation stable coin, the third generation achieves more security for the fiat deposit, improvement on the on-chain issuing mechanism and creates a stable coin more integrated with traditional financial institutions and regulatory laws.

The issuer company of CADT, BLOCKCHAIN VENTURE CAPITAL INC (BVC), is a Canadian firm registered and established in Ontario province, Canada. BVC has independently developed a public blockchain – BVC Chain, it combines technical features from Ripple, Ethereum and others. BVC Pay is another product under BVC, it includes functions of a digital asset wallet, smart contract, blockchain explorer and decentralized exchange platform. Through BVC Pay, users can purchase one CADT with one CAD then transfer CADT into their digital wallet. Users can also transfer their CADT from their own digital wallet to the BVC wallet and get an equivalence CAD in return. The BVC Pay is already downloadable on Apple Store and other platforms.

For the first time, CADT will have “Advanced Deposit & Issuing” features. This means any clients that passed KYC and AML will be able to deposit CAD into their sub-account, and once the action is confirmed on blockchain they will acquire CADT automatically, giving transparency to their assets. In the future, through BVC Pay users can use CADT as a payment method in Canada at retails, online shops, public service and on other occasions. CADT can also be used in transaction and settlement with other mainstream cryptocurrencies.

BLOCKCHAIN VENTURE CAPITAL INC aims to build a safer, faster and cheaper basic financial infrastructure between the blockchain community and traditional finance community with CADT.

We will further notice the official launching soon.

The World’s First Canadian Stable Coin (CADT) in Compliance with Regulations for Individual Clients is about to Launch

Western Union and blockchain-based platform Coin.ph’s new collaboration will enable Filipinos to conduct cross-border money transfers

Bitcoin adoption took a step in a new direction this weekend after a former Miss Universe contestant joined the Lightning Torch transaction relay.


Rosa-Maria Ryyti HODLs Lightning Torch

In what appears to be an unexpected choice, Jeremias Kangas, founder of P2P trading platform Localbitcoins, opted to pass the Torch outside the cryptocurrency community – to Miss Universe Finland 2015, Rosa-Maria Ryyti.

Lightning Torch began in January this year as a stress test for Bitcoin’s Lightning Network, a solution which will allow Bitcoin to scale up to meet the needs of mass adoption.

While Lightning itself has only existed on the Bitcoin mainnet for around 15 months, the Torch has demonstrated the network’s resilience, with various high-profile figures becoming involved.

The relay works by nodes on the network accepting, adding the Torch transaction and adding a nominal amount of bitcoin, currently 10,000 satoshis, before passing it forward.

So far, the Torch has had around 275 owners, with Ryyti opting to hand it to Colombian Bitcoin guru BTC Andres. In total, there will only be enough ownership spots for the sum of the transaction to reach 5 million satoshis.

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“I was honored to receive the torch from pioneer Jeremias Kangas and now there are only 8 places left,” she told her 35,000 Instagram followers.

The funds raised will be donated to Bitcoin Venezuela.

Ryyti also set up an account on Tippin.me, the Lightning-enabled tips service used in Lightning Torch.

Bigger And Bigger

Ryyti’s advocacy of Bitcoin predictably struck a chord with the cryptocurrency community. On social media, the model gained considerable acclaim, despite a conspicuous lack of feedback from non-crypto followers from Instagram.

The event is not the first time the Torch has ventured outside of crypto, with perhaps its other outing also becoming its best-known when Twitter CEO Jack Dorsey took over in February.

As Bitcoinist reported, his custody was more than a token gesture, Dorsey subsequently pledging to integrate Lightning in both Twitter and his payments startup Square. The latter is currently hiring developers for its dedicated venture, dubbed Square Crypto.

BTC Andres meanwhile held the Torch for only a short time before passing it elsewhere among the South American Bitcoin community.

Currently, the invoice lies with DJ Booth, creator of Lightning-enabled Bitcoin crowdfunding platform Tallycoin, where Torch creator Hodlonaut is currently raising funds for the plight of Venezuelans.

According to monitoring resource 1ML.com, Bitcoin mainnet Lightning currently has 7876 nodes, over 39,000 channels and a total capacity of 1080 BTC. The figures represent monthly growth of 9.8 percent, 14.7 percent, and 40 percent, respectively.

Last week, a dedicated exchange appeared in the form of Bolt, which aims to allow Lightning-based trades between Litecoin and Bitcoin using a technology known as cross-chain atomic swaps

What do you think about Miss Universe Finland 2015 participating in the Lightning Torch? Let us know in the comments below!


Images via Shutterstock, Bitcoinist archives, Instagram

The post Bitcoin Goes Mainstream As Miss Universe Receives Lightning Torch appeared first on Bitcoinist.com.

The DepositPreauth and fix1515 amendments, added in rippled v1.1.0, became enabled on the XRP Ledger today, 2018-10-09.

Action Required

  • If you operate a rippled server, you should upgrade to version 1.1.0 (or higher) immediately.

For instructions on upgrading rippled on supported platforms, see Updating rippled on supported platforms.

Impact of Not Upgrading

If you operate a rippled server on a version older than 1.1.0, then your server is now amendment blocked, meaning that your server:

  • Cannot determine the validity of a ledger
  • Cannot submit or process transactions
  • Does not participate in the consensus process
  • Does not vote on future amendments
  • Could rely on potentially invalid data

DepositPreauth Summary

The DepositPreauth amendment provides users of deposit authorization with a way to preauthorize specific senders so those senders are allowed to send payments directly.

The amendment adds:

  • A new transaction type, DepositPreauth, for adding or removing preauthorization.
  • A DepositPreauth ledger object type for tracking preauthorizations from one account to another.
  • A JSON-RPC command, deposit_authorized, to query whether an account is authorized to send payments directly to another.

This amendment also changes the behavior of cross-currency Payments from an account to itself when that account requires deposit authorization. Without this amendment, those payments always fail with the code tecNO_PERMISSION. With this amendment, those payments succeed as they would with Deposit Authorization disabled.

fix1515 Summary

The fix1515 amendment changes how Payment transactions consume offers to remove a minor difference in how payment processing and offer processing consume liquidity.

Without the amendment, payment processing gives up on using a particular path if the transaction would consume over 2000 offers from the same order book at the same exchange rate. In this case, the payment does not use the liquidity from those offers, and does not consider that order book’s remaining liquidity when attempting to complete the payment.

With this amendment, if any transaction processes over 1000 offers at the same exchange rate, the transaction consumes the liquidity from the first 1000 offers, then does not consider that order book’s remaining liquidity when attempting to complete the payment.

In both cases, transaction processing can still complete by using liquidity from other paths or exchange rates.

Learn More

Related documentation is available in the XRP Ledger Dev Portal, including detailed example API calls and web tools for API testing.

Other resources:

The post DepositPreauth is Now Available appeared first on Ripple.

On April 8, the Chinese mining rig manufacturer Bitmain Technologies unveiled the specifications for the company’s latest Antminer 17 series. The firm claims the three new bitcoin miners command a hashrate of over 50 trillion hashes per second (TH/s) which outpaces nearly all top machines today.

Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’

Bitmain’s Second Generation Antminer 17 Series Packs 50-56 Trillion Hashes per Second

Just recently news.Bitcoin.com reported on the two large mining rig manufacturers Bitmain and Canaan revealing their next generation mining devices. At the time, Canaan revealed the new Avalonminer 10 would process 31TH/s but Bitmain had not disclosed the new Antminer 17 series specs. Now China’s second largest fabless chipmaker has announced the first batch sales for four S17s which starts Tuesday, April 9 and will ship April 20-30. The new miners in the latest series include the Antminer S17, S17 Pro and the T17 which will be introduced at a later date. All three types of models are built using Bitmain’s BM1397 7nm mining chips which are more efficient than the company’s previous 7nm chips.

The four new Antminers that will start selling tomorrow, April 9, 2019, and on April 10 as well.

The S17 Pro models offer two types of variants which include a 53 TH/s and a 50 TH/s model. Moreover, the S17s come with three types of mining modes which can be customized by the customer. For instance, using turbo mode, the S17 Pro has a power efficiency of 45 J/TH (trillions of hashes per joule), normal mode processes at 39.5 J/TH, and the low-power setting operates at 36 J/TH. Now, one would think the Pro models process more hashes per second but this is not the case. The standard S17s are actually more powerful, processing 53-56 trillion hashes per second. According to Bitmain, the two standard S17s have a power efficiency of 45 J/TH using normal mode, while the low-power mode only utilizes at 42 J/TH.

S17s Outpace the Competition

Over the next two days, Bitmain will be selling the miners in two batches, on Tuesday and Wednesday, but the price per machine has not yet been announced. Depending on the cost Bitmain’s machines could outshine most of the machines on the market due to performance including competitors like Ebit, Innosilicon, Canaan, and Asicminer machines. The manufacturer Asicminer sells devices that claim to process between 44-76 trillion hashes per second but there are very few reviews and wholesalers selling these devices. Then there’s the Whatsminer M10S model from Microbt Mining which has a maximum hashrate of 55TH/s and power consumption of 3500W.

Besides those three machines, the Antminer 17 series will pack the most hashrate out of all the next generation miners. According to Asicminervalue.com, the data website that measures mining profitability in real time estimates, the new machines will pull in roughly US$5 a day mining BTC at today’s difficulty. The two Asicminer brand machines only profit by $3-4 a day and the Whatsminer M10S only takes in roughly $1.40 per day. The reason Bitmain’s machines gain more profit than these three models is due to power consumption specifications. For instance, the Antminer S17 that does 56TH/s only pulls 1470-2100W off the wall in low power mode and 2520W for the higher setting. There are 144 BM1397 7nm chips in the S17 model (56TH/s version) and the fan’s noise rating is only around 9.50 decibels.

Mining profitability according to Asicminervalue.com on April 8, 2019.

The new Antminers are shipping worldwide but US buyers will have to pay extra due to the recent Trump trade wars with China. US buyers can expect to add an additional 2.5% tax and an import duty tax in accordance with current trade regulations with China. The new Antminer 17 series first and second batch shipments will begin shipping on a first-paid-first-ship basis.

What do you think about the new Antminer 17 series miners? Let us know what you think about this subject in the comments section below.


Image credits: Bitmain Technologies, Shutterstock, and Pixabay.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Bitmain’s New Antminer Specs Show Devices Process Over 50 Terahash appeared first on Bitcoin News.

Coinspeaker
Societe Generale’s Bank Taps Into Blockchain Launching Its First Exchange-Traded Note

As it has become known today, one of the leading private banks in Europe, Societe Generale Private Banking, owned by Kleinwort Hambros, has announced the launch of a new Luxembourg-listed, actively managed exchange-traded note (ETN). This is how the financial institution is targeting the blockchain sector.

ETNs are very similar to ETFs, as they both are designed to track an underlying asset, often have lower expense ratios than actively managed mutual funds, and trade on the major exchanges just like stock. The main difference between them is that when you invest in an ETF, you are investing in a fund that holds the asset it tracks, while  an ETN is an unsecured debt note issued by an institution.

The ETNs of Societe Generale will be available exclusively to existing and prospective clients. It will invest in companies that could “profit most” from the development and increasing uptake of blockchain technology. The blockchain note will initially have 20 stocks diversified across areas including technology, shipping, oil and gas, custody and industrials.

The initial basket of stocks will include companies carefully selected to benefit from the potential growth of blockchain, either through the sale of software services, or through the improvement in margins that the installation of blockchain technology may produce.

As Kleinwort Hambros’ portfolio manager John Birdwood has commented:

“We have seen increasing interest from clients in the area of blockchain and we are very excited to be able to cater to this demand with the launch of our first blockchain note. We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers, while maintaining the rigorous active management our clients expect.”

According to the official press release, the exchange-traded note (ETN) will be available exclusively to existing and prospective clients for a minimum investment of £1,000 GBP. The centuries-old bank has assets under management of £14.2 billion ($18.52 billion) and over 900 employees as of last year, according to its own figures.

It cannot but be reminded that last month, United States-based asset management company Invesco has launched a blockchain exchange-traded fund (ETF) on the London Stock Exchange (LSEG). The first publicly-traded blockchain ETF on a British stock exchange has been named the Invesco Elwood Global Blockchain ETF.

Societe Generale’s Bank Taps Into Blockchain Launching Its First Exchange-Traded Note

Fund manager Travis Kling believes that more people are becoming open to the idea of Bitcoin being a haven from central banks’ “irresponsible” monetary policy.


Bitcoin is Becoming a Safe Haven

Travis Kling, chief investment officer at Ikigai Asset Management, believes that more people are becoming open to the idea of Bitcoin being a haven from uncertainties in the mainstream market.

According to MarketWatch, Kling suspects that the recent decisions of the Fed, the European Central Bank (ECB), and the Bank of Japan among others with respect to monetary policies played a role in the April bitcoin price surge.

The Ikigai fund manager says central bank policies becoming more politicized might be causing a great deal of anxiety for investors. To deal with such uncertainties, many are flocking towards Bitcoin and other virtual currencies.

Commenting on the matter, Kling opined:

It’s [Bitcoin] become a hedge against irresponsible monetary and fiscal policy. We had the Fed do a complete U-turn into dovish mode, then everyone else followed (European Central Bank and Bank of Japan). We now have this set up where they [central banks] have become politicized both in the U.S. and globally. It’s the new world we are living in.

Kling’s talk of politicized central banking can be observed in the Fed’s decision to go into permanent quantitative easing (QE) in 2019. Many analysts attributed this move to political pressure from the White House.

For Kling, that decision highlights the original appeal of Bitcoin – an alternative currency based on decentralized technology that’s free from government meddling.

Kling adds that Trump’s influence on Fed policy is “So bullish” for cryptocurrencies.

…Look at whats happening with monetary/fiscal policies. And US policy isnt nearly as rekt as EU, Japan & China Close your eyes & imagine the next 5-10 years. Do you really think these policy ‘experiments’ are going to end well?

The Fed Always Stacks the Deck

The combination of QE – a euphemism for ‘money printing’ and fiscal deficits means that the burden of negative interest rates will most likely be transferred to consumer bank accounts.

According to the Ikigai fund manager, the Fed always has the deck stacked, saying:

You’ll never win betting against the Fed.

In a previously published interview with Bitcoinist, Max Keiser comes to a similar conclusion, saying:

The trend in Bitcoin’s price flipped from bear to bull once the Fed said it would ease-off tightening and engage in permanent money printing (‘permanent QE’). This is wealth confiscation by the bank cartels to keep their insolvent balance sheets from imploding. The impact on Bitcoin and Gold will be moving to new ATH as safe-haven money pours in.

To avoid the negative impact of negative rates and debt-monetization, the likes of Keiser and Kling say people are moving their wealth into Bitcoin. This trend could contribute to Bitcoin reaching a new all-time high.

Do you agree that Bitcoin can be a hedge against flawed central bank policy? Share your thoughts in the comments below!


Image via Shutterstock, Twitter/@Travis_Kling

The post Fund Manager: Bitcoin Becoming a Hedge Against ‘Irresponsible’ Banks appeared first on Bitcoinist.com.

Token2049, a recent crypto conference in Hong Kong, saw some of the biggest names in Bitcoin and blockchain congregate. NewsBTC was lucky enough to snag Phil Chen, a world-renowned technologist and the head of HTC’s blockchain division, for a quick interview.

We discussed his team’s phone, the Exodus One, and his thoughts on recent developments in the cryptocurrency space.

What’s Up With HTC Exodus’ Blockchain-Friendly Phone?

NewsBTC: Can you tell the NewsBTC audience about what HTC Exodus is doing?

Phil: The HTC Exodus is one of the first blockchain phones. But, I think it is the only phone that empowers users to own their private keys — which I think is a foundational principle of the decentralized web. If everyone owns their private keys, then you own your Bitcoin. If you don’t, well, you don’t. The Exodus is built on that foundation, as we give users that same architecture to own their digital identity, personal data.

NewsBTC: Is there a thirty-second pitch for why people (common consumers) should own an Exodus over, let’s say, an Apple iPhone or Android?

Phil: People that don’t care about their privacy?

NewsBTC: Yeah, I guess there’s been a surge in people trading in their personal data and rights for convenience.

Phil: If you’re starting from where people don’t care about their privacy, just convenience, I would argue that they would care about it if they knew how their data was being used, and how it was being sold. There’s a very moral movement around this. When you don’t own your crypto assets or data or identity, there is something fundamentally wrong about that. If there’s a sovereign identity that is you — things that you’ve created, attributes or characteristics that describe you —  that you don’t own, there’s something entirely wrong, especially because we are this far into the information age, and there’s no concept of digital property — what is yours, what is mine.

So the way we are trading these small conveniences in exchange for these micro invasions of privacy, and what is your digital property has major ramifications to many things, even to democracy. So there’s no quick answer to this, unfortunately, if you were to not care about privacy. In that case, that wouldn’t be my target audience for the Exodus. My audience would be those who are concerned about this or are concerned about what is being collected, what is sold, and who it is sold to. These people would have likely read the book 1984 to understand the issues with all this.

Related Reading: Why Crypto Is So Important For Privacy With HTC Exodus’ Phil Chen

NewsBTC: How has this so-called “crypto winter” been treating the Exodus team? Has it been hard for your blockchain team to innovate in these conditions?

Phil: It’s actually a lot better, to be honest. There are many facets and reasons why people come to crypto. You, for example, found out about Bitcoin by buying digital goods. And I would say that most people in crypto are interested in speculation in tokens. But there’s another class, which I am in, this being those who are generally interested in the technology and how it will fundamentally rearchitect the internet. From this speculation and token side, it’s a winter. But because of that, I don’t need to answer those questions about the price of this or that coin. To be frank, prices have nothing to do with what we are doing.

NewsBTC: Crypto is all about skin in the game. And when I checked your website (Exodus then only accepted Bitcoin, Litecoin, Ethereum, and Binance Coin) during the December Bitcoin drop, your phones were selling for the equivalent $400. How have those low prices affected your business?

Phil: At $400, everyone was buying these phones. At the end of the day, this is a top of the line HTC smartphone. It’s premium. It has the best specs you would find in any other 2018 model, so at that price, it was selling quickly.

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NewsBTC: What is the endgame for the Exodus team? Do you envision a world where blockchain technologies and applications are the norms, or?

Phil: The endgame is to get every person with a smartphone to start owning their identity on their phone, all the data they use on their phone, and empowering them to connect to all the crypto networks.

Bitcoin Adoption In The Mainstream

NewsBTC: What do you think of the whole Samsung S10 “Blockchain Keystore” product?

Phil: First of all, I think that bigger manufacturers coming in[to crypto] is a good thing. To me, it isn’t clear if they’re really empowering the users to own their key. It sounds to me like they aren’t doing that. It sounds to me that they’re more like a custody solution rather than a system that allows people to really own their keys. Then the other surprising fact that I don’t like is that they don’t natively support Bitcoin. I don’t really understand that. I think that the Samsung S10 should be irrelevant for the Bitcoin crowd. But not supporting Bitcoin is a huge statement, it was definitely intentional.

NewsBTC: The weird thing about this is that their marketing material showed images of Bitcoin. So why have that, right?

Phil: It must have been intentional. To me, whether you are a Bitcoin maximalist or not, Bitcoin is so fundamental to this movement. Bitcoin represents being open, censorship-resistant, neutral, what have you. To me, that are the fundamentals of crypto networks. And we pride ourselves with that. One of the Exodus’ wallpapers is a Genesis Block and the Exodus Phone. We definitely see ourselves as an extension of the Bitcoin movement, and that’s why we have many homages to it in our design. I think it is a fundamental part of what we are doing here.

NewsBTC: In the same realm of mainstream adoption, what do you think of the rumors that Starbucks is looking into Bitcoin? And what do you think of the Lightning Network?

Phil: I’m super excited about Lightning. I’m super excited about layer two solutions on Bitcoin. Elizabeth Stark of Lightning Labs is an advisor to Exodus. It’s a hard technology and problem to solve, but we are working to make that a reality. More and more merchants accepting crypto as payment will make this industry much more interesting, and allow it to grow much faster.

NewsBTC: What are your thoughts on centralized, non-blockchain-based cryptocurrencies, like JPM Coin, Facebook Coin? Changpeng Zhao from Binance argues that it will be instrumental in driving adoption, do you agree with that?

Phil: I liken it to intranets. So companies used to have an intranet, which means a surveyed, permissioned, secure internet. That’s how I see these coins. When you issue a private coin, it’s the intranet compared to the internet. Which one is more interesting? So, I’m not too excited about that. We would all agree that in the future, we will move into a world where there is a cashless society, meaning everything becomes digital, crypto, coins. The problem is if you believe the Bitcoin peer-to-peer way of digitizing transactions and money or the centralized version. This will happen. It is already happening in China with WeChat Pay and things of that nature. But we’re going into a digital, cashless payment future, and which route are we going to take? JPMs are one centralized, permissioned way, and Bitcoin and other cryptocurrencies with similar characteristics are the other.

NewsBTC: So there is no room for both types?

Phil: No, there is room for both. But the problem is that these projects are fundamentally surveyed capitalism, and Bitcoin is neutral, borderless, censorship-resistant. These are fundamentally antithetical to each other. But can they both exist at the same time? Probably, and they probably will. But can they exist meshed together? Probably not. But there could be a world in which people pay with privacy coins, like Monero, ZCash, etc., Bitcoin, and centralized assets, like JPM Coin, Facebook Coin. But in the end, they are all antithetical.

NewsBTC: Do you see institutional involvement in this sector as against Bitcoin’s decentralized nature? You have Fidelity with their custody product, do you like that?

Phil: I do like that. I do want to see more and more institutions also have custody solutions like that. Again, it’s fundamentally antithetical to what Exodus stands for though, as we want everybody to hold custody of their own keys, data, and crypto. So if you set it up where institutions are holding custody, I like it right now because it’s better than having corporations that own having our data do that. Fidelity doing custody is good. Telecom operators, yes. But Facebook, no, no.

NewsBTC: What is the primary thing holding back crypto & blockchain adoption right now?

Phil: One is key management — making it simple for people to manage their own keys. If it’s one single thing, it would be key management. But payments is another one, making it easy for payments. There need to be more peer-to-peer apps. There are many infrastructural problems that need to be solved, in that the networks themselves are simply not ready, whether it be consensus or governance issues that haven’t been figured out just yet.

Related Reading: Exclusive: What Litecoin Founder Charlie Lee Thinks Will Drive Crypto Adoption

NewsBTC: What do you think of the statement ‘Long Bitcoin, short the bankers’?

Phil: Long Bitcoin, short the bankers? I believe that. That’s why we are doing this, that’s why I’m building the Exodus, and that’s why we are in this industry. Having the Genesis Block on the Exodus phone is perfect for that statement.

Featured Image from Shutterstock

The post HTC’s Blockchain Lead: Bitcoin is to Facebook Coin, JPM Coin as The Internet is to Intranets appeared first on NewsBTC.

Purchasing bitcoin ought to be quick and easy, but over the years, encroaching KYC has made that task more complex. Rebiton is a service that cuts through the red tape, making it possible for anyone to buy up to $999 without the need for ID.

Also read: How 5 Asian Countries Regulate Cryptocurrency

Re-Up on Bitcoin With Rebiton

Purchasing small amounts of BTC shouldn’t require a verification process akin to buying a firearm. Unfortunately, that’s how it’s come to be in many parts of the world, where regulators view cryptocurrency with deep distrust. As a consequence, anyone wishing to acquire bitcoin must consent to deeply invasive know your customer laws which can include scanning identification documents and submitting a selfie as added proof, all of which presents a honeypot for hackers. Rebiton does away with that, enabling anyone to buy BTC without suffering a major privacy loss.

The service facilitates the purchase of bitcoin core with fiat currency using a voucher system. Vouchers are available in various denominations, and can be swapped for BTC instantly, but are valid for up to six months. The next iteration of the service will enable instant bitcoin purchase, without the need for the voucher component.

Compliance Doesn’t Have to Be Cumbersome

Rebiton is incorporated in the EU and fully compliant with AML laws. Thanks to the strict purchase limits, which are capped at $999, the service is able to operate in accordance with all legal requirements without mandating overly intrusive compliance. BTC vouchers can be purchased online by card or bank transfer, as well as in Gera Dovana stores in Lithuania for cash. An email address is all that’s required, and vouchers can be gifted to friends, converted instantly, or held until market conditions seem more favorable for switching to BTC. Rebiton is proof that purchasing cryptocurrency doesn’t have to be complex or convoluted.

What’s your favorite privacy-friendly way to buy bitcoin? Let us know in the comments section below.


Images courtesy of Shutterstock.


Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services.Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

The post Rebiton Allows You to Buy Bitcoin and Keep Your Privacy appeared first on Bitcoin News.

CoolWallet S

The CoolWallet S, made by CoolBit X, combines hot and cold storage solutions, blending the mobility afforded by software wallets with the enhanced security features offered by hardware wallets. Branded as the “everyday wallet” for crypto users, the CoolWallet S is designed to be used on-the-go, allowing its users to track their investments, send and receive assets and instantly exchange currencies through Bluetooth-enabled, dual-device technology.

The CoolWallet S retails at around $99. Unlike other hardware wallets on the market, its sleek design boasts not only the exact dimensions of a credit card, but also the durability of one. It claims to be waterproof, flexible and temperature resistant, as well as tamperproof.

It offers a rechargeable battery that should last about a month and something called “2+1-factor authentication” — access through two devices plus biometric identification. Users can pair up to three devices with the wallet through an extra-secure Bluetooth connection.

The CoolWallet S supports a wide variety of cryptocurrencies, including BTC, BCH, BNB, ETH, LTC, USDT, XRP, ZEN and ERC-20 tokens. It also integrates Changelly for instant currency swaps.

Users interact with the device through a button located on its right-hand side and an e-paper screen, which displays the device’s remaining battery and a Bluetooth indicator when paired with something, allowing you to toggle between currencies to view the assets currently stored on it.

Configuration and Use

Overall setup should take about 10 to 20 minutes and seems fairly intuitive, with clear attention paid to the user experience through step-by-step instruction.

Once you’ve downloaded the CoolBitX Crypto app to your mobile device and enabled your device’s Bluetooth, you can connect to your CoolWallet S by selecting the serial number that matches that of your card (found in the left-hand corner). A one-time password will appear on the e-paper that you then input into your mobile device to pair.

CoolWallet S Review: An ‘Everyday’ Wallet for Crypto?

Once paired, you will see an option to either recover or create your wallet, which is done by generating a new random set of seeds (with options of 12-, 18- or 24-word sets) through either the card or the app. You’ll then need to verify your seed phrase — the most tedious part of setting up any hardware wallet.

You can pair up to three devices to your CoolWallet S by inputting the pairing password (located under the “pair” category of the app’s settings menu) to each new device when prompted, although the “allow new pairing” option must be enabled in order to add new devices. You can just as easily remove unwanted devices via a “device list” category in the settings.

Although there is no PIN needed to access your funds, you can transact only if your CoolWallet S card is turned on and paired with your device. This is also where the 2+1-factor authentication comes in.

(For full step-by-step instructions, check out the CoolWallet S user manual.)

CoolWallet App

Using the CoolWallet app is pretty intuitive. In the wallet tab, you can view your funds and easily add one of the cryptocurrencies supported by the wallet to the display by configuring the “coin display” option in the settings. Additionally, the wallet is fully integrated with Changelly, enabling trading capabilities within the safety of your cold storage wallet.

Among the best features is the sliding transaction fee bar that allows you to increase or decrease the fee in accordance with desired transaction confirmation time. This sort of option is becoming increasingly common among crypto wallets.

Security

Almost all exchanges and wallet solutions at this point, and even your most basic password-protected accounts like Gmail, offer an auxiliary layer of security through 2-factor authentication (2FA). Seldom addressed, however, is the fact that many users still set up their 2FA for various accounts on a device that is also used to access their crypto assets via an exchange or a software wallet.

It may be unlikely that a hacker could orchestrate a cyberattack that would prove successful, but SIM card fraud, or “SIM swapping,” remains a threat to token holders whose 2FA is enabled through a single device.

The CoolWallet S’s approach to multifactor authentication protects against this vulnerability through dual-device authentication with an optional biometric authentication layer.

The CoolWallet S’s use of Bluetooth as the channel through which the wallet enables access to funds in the app may make some people wary. After all, when Bluetooth was created in the ’90s, it wasn’t exactly designed with security in mind. So how do you know your funds are truly secure when transmitted using this technology?

The Bluetooth communication between the CoolWallet S and smart devices is encrypted using military-grade Advanced Encryption Standard 256, or AES-256. In terms of data security, AES-256 is not only an internationally recognized algorithm, but it’s also used by the U.S. Department of Defense, the National Security Agency and other government entities for file storage. Even with extensive public and private testing, cracking an encrypted key of 256-bit length by brute force has not yet been proven possible. AES-256 is typically considered “best practice” when it comes to data encryption.

CoolWallet S Review: An ‘Everyday’ Wallet for Crypto?

Additionally, the transactions occur in mere milliseconds, so the probability of someone gaining access to the encrypted data being transmitted between your public and private keys that would enable them to successfully perform a side-channel attack is extremely unlikely. The Bluetooth connection itself will only be supported if your wallet is powered on and maintained within 10 meters of your device, meaning that the attacker would also have to be within the same range.

The private keys for a CoolWallet S are stored in the CCEAL5+ certified secure element. External communication of the secure element is minimal, providing an added layer of security, and all other parts of the microware are subordinate to the secure element. So, not only is all data stored offline, but all necessary computations are performed by the secure element, meaning only non-sensitive data, or the results of these calculations, are transmitted between the card and your device.

When evaluating the security of the key itself, it is important to consider the “randomness” of its random number generator (RNG). In the case of the CoolWallet S, because a hardware RNG is used, it is considered a “true” RNG.

The patented “cold compression” design of the hardware is supposed to ensure that no one can gain access to the secure element without it being extremely obvious.

The CoolBitX team said that it budgeted for extensive amounts of third-party security auditing. Additionally, the team said that “white hat” hackers from wallet.fail — computer security experts who conduct penetration testing — have tested the CoolWallet S and haven’t indicated any vulnerabilities — something they are usually eager to share.

Pros and Cons

For someone new to crypto, navigating the rather complex wallet solutions can often be daunting. The CoolWallet S offers a user-friendly product option.

For any crypto wallet, whether it be hardware or software, security remains a primary concern among consumers, and of course, no product can promise 100 percent infallibility. Having said that, the security features in the CoolWallet S appear to be robust, and the fact that extensive amounts of penetration testing haven’t been able to identify security vulnerabilities is promising.

However, as with virtually any product, there are some cons to consider.

While the need to charge your device on a monthly basis isn’t terribly inconvenient, temporary loss of access to your funds would be inconvenient if, say, your card dies and you’ve lost your adapter. You can’t exactly pick up a replacement adapter at your local convenience store, so being able to cut the cord completely or compatibility with other charger types would be a nice feature.

When sending and receiving transactions, you’re required to verify the transaction details on the card’s e-paper display. However, not all of the alphanumeric characters in the set are easy to decipher. It’s not a deal breaker, but it might take a minute to familiarize yourself with the symbols.

Lastly, the code isn’t yet open source, though there are plans to make it so in the near future.

This article originally appeared on Bitcoin Magazine.

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This article was originally published by 8btc and written by Olusegun Ogundeji.

Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019. This unfolding price scenario should not immediately be ruled out as a repeat of what happened in 2017. However, as the market reaction seems to be positive so far (given that bitcoin sits at $5,214 at the time of this writing), recent developments in the crypto space could be working to make today’s change different from 2017’s movement.

Investors

From active bitcoin wallets to those joining the crypto community through the likes of the r/Bitcoin subreddit, the number of new people in the space has risen. In 2017, the price breakout over $5,000 was one of the reasons many new investors joined the bitcoin train. Whether seeing it at $5,000 again for the first time after a year of slowdown would trigger the same 2017 effect is hard to determine. After more than a year in a critical bear market, price support for bitcoin has been built at over $3,000.

Segregated Witness (SegWit)

For the first time, daily median transactions per block, excluding Coinbase activity for SegWit-based transactions, reached over 1,000 on March 30, 2019. Activated for Bitcoin in August 2017 (on Litecoin in May 2017), the SegWit scaling upgrade was meant to help change the way data is stored on the network. Proposed as a solution to the scaling problem, SegWit would enable Bitcoin to process a greater throughput without having to change the block size. Its uptake has been slow as some key exchanges are yet to run it on their platforms. According to BitcoinVisuals, the highest number of SegWit transactions reached at the end of 2017 was 294.

Lightning Network (LN)

It’s been touted as one of the best things happening in the cryptocurrency space today, especially since the start of Q1 2019. The Lightning Network is an off-chain scaling solution for Bitcoin that uses smart contract functionality of the blockchain to enable instant micropayments across a network of participants. Real-time statistics show that Lightning transactions have now surpassed $5 million in capacity. Its use is expected to improve bitcoin adoption, including for merchants who seek to accept the cryptocurrency as a means of payment. As in 2017, the Lightning Network was not available in the space.

Institutional Interest

From applications for a bitcoin exchange-traded fund (ETF) to traditional investment companies, institutional interest in the ecosystem has risen since 2017. Major companies like Fidelity, Bakkt and even Facebook have expressed plans to venture into the crypto space later this year. Their entry — coming as next year’s Bitcoin block reward halving draws closer — is expected to boost the state of the crypto market while helping to attract more mainstream investors.

Uptake Shifting from China to South America

Unlike in 2017 when the shots seemed to be called from China, difficult economic situations in some South American countries today are forcing people in the region to develop a penchant for transacting cryptocurrencies like bitcoin. Crypto adoption in these countries has taken off as the ease of access has increased.

Increasing awareness and need for bitcoin, despite less enhanced infrastructure around internet use, is bringing substantial growth. South American countries like Venezuela, Colombia, Peru, Argentina and Mexico have been growing organically in their use of bitcoin.

The People’s Bank of China worked to bring down bitcoin trading below 1 percent of global levels through various measures, including placing a ban on direct trading. Hence, the wider Chinese involvement in bitcoin has reduced drastically, though mining is still a core advantage.

This article originally appeared on Bitcoin Magazine.

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Nostro accounts are both the backbone and the bane of international banking. They are the providers of liquidity; accounts that large financial institutions hold in local market currencies on each side of a transaction to facilitate a payment. Without them, international payments would slow to a crawl.

However, nostro accounts tie up hundreds of millions of dollars that could be used for investment, lending or dozens of other more productive purposes. They create capital inefficiencies for an institution, add costs, and increase risks from counterparty and currency exchange fluctuations.

Before an institution can deliver a faster, lower cost and more modern international transaction experience, they must first address their liquidity needs. RippleNet efficiently solves these liquidity pain points for financial providers and banks using flexible solutions that address various types of liquidity provisioning. Through its global payments network, RippleNet supports three types of liquidity arrangements:

  • Traditional bank-to-bank fiat relationships, also known as nostro accounts. This arrangement is supported because it can be optimal for high volume transaction corridors and uses existing bank-to-bank relationships and accounts.
  • Third party fiat relationships. This allows banks to prioritize those nostro accounts that make the most sense for them, but then augment them with third party relationships that can overcome the high cost of liquidity in more expensive corridors. Banks can keep the nostro accounts they want and rely on this third party to handle their medium and lesser volume transaction corridors.
  • The digital asset XRP. Financial institutions can use XRP and its inherent benefits of speed, scalability and low cost to expand reach into exotic or lower volume corridors without holding new or additional nostro accounts. XRP becomes an on-demand liquidity pool for transaction parties.

With RippleNet’s pathfinding capabilities, financial institutions can even link together multiple liquidity arraignments within the same transaction to optimize their transaction networks. The addition of XRP as a digital asset helps them be more efficient with their overall capital by funding fewer nostro accounts, lowering costs through atomic processing, and reducing risk through real time settlement and lower counterparty exposure.

This use of digital assets for liquidity purposes has proven time and money savings for providers. Pilots in the crucial U.S. to Mexico remittance corridor using XRP as a digital asset demonstrated savings of 40-70% compared to traditional costs. At the same time, it helped lower settlement times from two to three days to just over two minutes.

By solving for global liquidity needs, RippleNet allows banks and providers to focus on the speed and cost of international transactions as an end customer benefit. Ultimately, it will help unlock the full potential of the coming Internet of Value.

For more information on Ripple’s solutions or to learn how to join RippleNet contact us.

The post Unlocking Global Liquidity Bottlenecks with RippleNet appeared first on Ripple.

This week in the Hodler’s Digest, PayPal gets into blockchain with a new investment, and SEC staff release some digital asset guidance

Ethereum generally missed out on last week’s big Bitcoin induced crypto rally as gains were way less than other digital assets such as Litecoin or Bitcoin Cash. ETH has woken up today though and is currently over 10% up as it approaches critical resistance levels.

ETH Nears Five Month High

From around $165 this time yesterday, Ethereum has woken up and surged to just below $185 over the past few hours. It is finally back at prices in mid-November before the big capitulation that resulted in markets falling to their lowest levels for 18 months.

Ethereum prices 24 hours. Counmarketcap.com

Daily volume has increased to $8.7 billion which is the highest ETH has seen for over a year. Ethereum market cap is approaching $20 billion which has enabled it to double the gap to third placed XRP which hasn’t done much at all recently.

Ethereum is reaching a critical stage though as it approaches the 200 day moving average which is traditionally a very strong level of resistance.

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The next major level of resistance if Ethereum does not pull back at the 200 MA is $200. It is a big ask but if the bulls maintain buying pressure on Ethereum it could surge all the way up to $250 in a short space of time;

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Fundamentals Still Good

Ethereum has taken a bashing in the media lately as rival platforms EOS and Tron surpass it in terms of active dApps. However, the second largest crypto asset on the globe is not in its death throes, in fact quite the opposite. Industry expert Anthony Sassano has compared Ethereum vital statistics from the last time it broke above $150 back in May 2017.

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The growth of the network is plain to see here with pretty much every metric substantially higher than it was two years ago. Prices aside, the fundamentals of this network are still very strong but it should be noted that Ethereum did not really have any real competitors back in early 2017. No EOS, Tron or Cardano in May 2017, the top four was exactly the same as today, and Ethereum Classic was seventh.

According to Trustnodes almost half a billion dollars worth of ETH is now locked up in decentralized applications. Maker DAO’s DAI holds the most with around 2.2 million ETH, with Ethereum Name Service (ENS) coming in second.

Ethereum has a long way to go and is still at the very early stages of development. Co-founder Vitalik Buterin has touted the Serenity upgrade as way to move Ethereum forward to become a next generation blockchain platform. The long awaited scaling solutions and the launch of Ethereum 2.0 will no doubt propel the platform back into contention with its rivals.

In the meantime traders are looking at a push towards $200 again but considering Ethereum’s recent performance they may have to wait a little longer.

Image from Shutterstock

The post Ethereum Rallies Ten Percent Today, Will ETH Continue to $200? appeared first on NewsBTC.

The Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the board’s Asian member countries, India is the only one with no legal mandate to directly regulate crypto assets.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

India

Three regulators — the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and the Ministry of Finance — regularly attend the Financial Stability Board (FSB) meetings and G20 summits. The FSB is an international body that monitors and makes recommendations about the global financial system. It has listed only the RBI, the country’s central bank, as the regulator of the Indian crypto space, clarifying in a report published Friday:

RBI does not have a legal mandate to directly regulate crypto-assets. RBI’s current mandate permits it to assess financial institutions’ exposure to crypto-assets and supervise their operations.

The Reserve Bank of India

Within its mandate, the central bank has prohibited financial institutions from dealing in “or providing services for facilitating any person or entity in dealing with or settling” cryptocurrencies, the FSB detailed. The three aforementioned regulators are part of the panel headed by Subhash Chandra Garg, Secretary of the Department of Economic Affairs, tasked with drafting the country’s crypto regulation. According to the government, this panel is in its final stages of deliberations. India’s crypto regulation was expected to be presented to the country’s supreme court on March 29 but the court adjourned without addressing the matter until July.

Japan

At the opposite end of the crypto regulatory spectrum, Japan legalized cryptocurrency as a means of payment back in April 2017 under the amended Payment Services Act.

The main regulator is the Financial Services Agency (FSA) which supervises and conducts oversight of crypto exchange service providers. Crypto exchanges are required to register with the agency. There are currently 19 registered exchanges with over 140 companies interested in entering the market, the regulator has shared with news.Bitcoin.com. The FSA also cooperates with a self-regulatory organization for added oversight. Additionally, the agency engages in international policy discussions on crypto assets and is currently discussing policies on initial coin offerings (ICOs).

The Bank of Japan

Besides the FSA, two other government bodies are involved in the regulation of the Japanese crypto industry: the central bank and the Ministry of Finance.

The Bank of Japan established a fintech center within its Payment and Settlement Systems Department in 2016. The center conducts research on new technologies including cryptocurrency and how they could change existing financial services and structures. The Ministry of Finance is responsible for supervising and legislating crypto assets’ trade under the Foreign Exchange and Foreign Trade Act including the planning and execution of crypto-related taxation.

South Korea

There are three regulators for crypto activities in South Korea, with the main regulator being the Financial Services Commission (FSC). The Financial Stability Board describes:

The FSC promotes information exchanges and cooperation with international organisations, especially in regard to virtual currency, and is responsible for analysing trends and establishing policies on the digital currency market and for integrating and coordinating policies and major plans of anti-money laundering system related to virtual currency.

Meanwhile, the Financial Supervisory Service (FSS) is responsible for the oversight, market integrity, general anti-fraud and consumer protection of crypto-related activities.

The FSS and the FSC worked together to produce the country’s cryptocurrency measures at the end of 2017 and additional guidelines in January last year. However, they have yet to introduce any follow-up measures. Meanwhile, ICOs are banned from being launched domestically. At least six bills have been submitted to the National Assembly but none have advanced, the FSC previously told news.Bitcoin.com.

The two regulators implemented the real-name system in January last year with the aim to convert all anonymous crypto accounts into real-name-verified ones. In addition, the Korea Financial Intelligence Unit issued reporting guidelines for banks to prevent money laundering via crypto transactions. The country is also working on the taxation of crypto assets.

The Bank of Korea

The last regulator listed for South Korea by the FSB is the central bank. The Bank of Korea monitors and researches the development of crypto assets and their impacts on the economy and financial stability, including the implications of using cryptocurrencies as payment instruments.

Singapore

Despite the country’s early history in the space, the only crypto regulator listed for Singapore is the central bank, the Monetary Authority of Singapore (MAS), which performs many regulatory functions.

Firstly, it monitors “the prudential exposures of banks, insurance companies and asset managers to crypto-assets.” It also “regulates activities and institutions conducting activities involving cryptoassets if these are capital markets products” under the Securities and Futures Act, the FSB described. Moreover, besides monitoring “the financial stability risks posed by crypto-assets,” the central bank has “extended its surveillance and market intelligence gathering to include crypto-assets.”

The Monetary Authority of Singapore

The MAS additionally regulates crypto businesses as part of its regulation of payment systems, stored value facilities, remittance businesses and money-changers. The FSB explained that the upcoming Payment Services Act will expand the “MAS’ regulatory reach to cover additional payment activities, including digital payment token services.” It will also set out “regulations for AML/CFT to mitigate risks posed by entities … which conduct crypto-related activities.”

China

Another member of the FSB, China became a hotbed of crypto activity in bitcoin’s early life but then began heavy oversight of the crypto industry, banning crypto exchanges outright in 2017. In addition to the People’s Bank of China (PBOC), the country’s central bank, five other government bodies regulate crypto-related activities in China.

The People’s Bank of China

The Cyberspace Administration of China monitors online crypto-related activities and rectifies any problems found. The Ministry of Industry and Information Technology prohibits and shuts down illegal crypto-related websites, the FSB noted. Another regulator is the Ministry of Public Security which prohibits crypto activities that are “suspected of illegal criminal activities including illegal fund-raising, fraud and pyramid-schemes.”

Meanwhile, China’s Banking and Insurance Regulatory Commission “is closely following the development of crypto-assets in China and its potential risk to the banking and insurance system,” the board emphasized. Lastly, the country’s Securities Regulatory Commission, which combats the illegal issuance of securities, “is now strengthening research on the issues of crypto-assets related securities.”

What do you think of how these Asian countries regulate cryptocurrency? Let us know in the comments section below.


Images courtesy of Shutterstock, the RBI, the Bank of Japan, the Bank of Korea, the MAS, and the PBOC.


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The post How 5 Asian Countries Regulate Cryptocurrency appeared first on Bitcoin News.

It appears rather unlikely this minor amount of bearish pressure will cause any major cryptocurrency disruptions. A bit of a correction has never hurt any market although some altcoins are more susceptible to declines than others. The EOS price is quickly giving up ground, as the value has dropped below $5.5 once again.

EOS Price Momentum Doesn’t Look Promising

It is no abnormal for top altcoins to deal with minor setbacks over the weekend. This particular weekend has proven to be rather bullish in general, which makes the current overarching bearish sentiment all the more normal. When Bitcoin starts to slip, altcoins often face much bigger losses in quick succession. EOS is an interesting example in this regard, although the dip isn’t insurmountable.

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To put this in perspective, the EOS price dropped by 29% to $5.42. There is also a 2.43% dip in EOS/BTC, which is the main reason for this slightly steeper downtrend. When Bitcoin goes in the red, altcoins not only lose USD value, but they also drop against Bitcoin. Today is no different in that regard, although the dip creates investment opportunities for other people willing to take a gamble.

As far as EOS is concerned, there is some interesting social media activity right now. DEXBot highlights a feature which is expected to come to EOS in the very near future. Known as Automated Lost Key Recovery, it can be a game changer in the cryptocurrency industry as a whole. It is not yet available, but it seems the development is progressing nicely.

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Secondly, it seems the EOS ecosystem is firing on all cylinders in terms of processing “network actions”. With a record of 87.23 million actions processed in a single day, the network is well ahead of its competitors and other major cryptocurrencies right now. Even so, this statistic will not have much of an impact on the price in the near future.

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The price chart is of major interest to a lot of EOS holders and speculators. As of right now, it seems a triple top has been reached on the EOS/ETH chart, which could explain why this market is more bearish than Bitcoin. Additionally, it doesn’t bode well for the next few days, albeit it remains to be seen if there will be any major disruptions.

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When looking at the bigger picture, it seems likely most markets will look very different 24 hours from now. Only time will tell whether that will be for better or worse, as either option is still more than plausible at this stage. For EOS holders, there is no real reason to panic, but there may be a bumpy ride up ahead.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

The post EOS Price Grows Bearish as Bitcoin Dips in the red Again appeared first on The Merkle Hash.

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