Airswap AST

$0.0472
Market Cap $ 7.083 MM (#353)
24h Volume $ 731.513 K
Chg. 24h: -23.11%
Algo. score 3.5/5  (#196)
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Airswap News

Tomorrow at 7PM ET, we're live streaming an #AirSwapNext cov...

Tomorrow at 7PM ET, we're live streaming an #AirSwapNext covering stablecoins, securities, and AirSwap on… https://t.co/7NeJyJwqd3

6 days ago

At @security_token, our own @khurramdara gives a rundown of ...

At @security_token, our own @khurramdara gives a rundown of the AirSwap system and how it's a natural fit for compl… https://t.co/EeCMiY6Z4K

10 days ago

AirSwap (AST) Pump Arrives with Sudden Volume Spike

AST, recently delisted from OKEx, is moving its activity to Binance and creating a new round of activity.

20 days ago

WBTC - An Effort to Bring Bitcoin to Ethereum

Imagine a digital coin which will have the best features of the top two cryptocurrencies in the world today - Bitcoin and Ethereum. Kyber Network, Republic Protocol and Bitgo are doing precisely that with an announcement of a joint project which will be called Wrapped Bitcoin also known as is WBTC. WBTC will involve the strengths of the two significant cryptocurrencies. It will take a direct backing of the mind-blowing price of Bitcoin and will launch on Etheruem’s Blockchain platform which is known for its dApps and smart contracts. Initial liquidity will be pre minted by Kyber Protocol and Republic Protocol using existing Bitcoin so that users can use Atomic Swaps to exchange BTC to WBTC. BitGo will act as the primary custodian in charge of holding the BTC reserves. BitGo has an official status to operate as a regulated custody for institutional investors thanks to the South Dakota Division of Banking. Zerocrypted Opinion Through WBTC, Bitcoin and Ethereum will both benefit. Bitcoin will extend the use cases, by expanding into decentralized applications. Ethereum will be able to use Bitcoin seamlessly which will help many of the decentralized applications. WBTC is already seen to be an instantaneous hit with decentralized exchanges and financial projects such as MakerDAO, Dharma, Airswap, IDEX, Compound, DDEX, Hydro Protocol, Set Protocol, and Prycto all committing to supporting it. It is not the first time an effort has been taken to bring together Bitcoin and Ethreum. QTUM runs the Ethereum Virtual Machine on the Bitcoin network, and Rootstock is a project working on mirroring Ethereum’s smart contract featuring onto the Bitcoin network. So far both have not been as prosperous, and so it remains a doubt if WBTC will create the much-needed positivity in the cryptocurrency market. Ethereum, in general, has been facing a lot of slack behind its Blockchain for dApps given its scalability issues. Hence Bitcoin being implemented into the Ethereum Blockchain may not be the best of ideas. Image Source - Pexels The post WBTC - An Effort to Bring Bitcoin to Ethereum appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

21 days ago

New Project Aims To Bring Bitcoin To Ethereum Blockchain

Digital currency custody company, BitGo and decentralised exchange startups Republic Protocol and Kyber Network have revealed the planned launch of a fully backed Bitcoin ERC20 token on the Ethereum ecosystem. Dubbed as ~Wrapped Bitcoin and aimed for Q1 net year launch, the new token will be backed by Bitcoin on a 1:1 ratio, the three founding companies revealed in a joint press release last week. The CEO and co-founder of Kyber Network, Loi Luu spoke on the matter and has said: “This initiative will be bringing together the liquidity of Bitcoin and the extensive smart contract developer ecosystem of Ethereum. Applications on Ethereum such as decentralized exchanges and financial protocols will all be able to use Bitcoin seamlessly, creating bitcoin trading pairs which have been impossible until now. At the same time, the usage of Bitcoin will be expanded by having more decentralized use cases, such as exchange, loans, token payments.” Several decentralised exchanges and financial projects are participating in the project as launch members have committed to support the adoption of Wrapped Bitcoin. This includes Dharma, Airswap, IDEX, DDEX, MakerDAO, Hydro Protocol, Ptycto and Set Protocol. To add the initial liquidity to the project, Kyber and Republic will pre-mint some Wrapped Bitcoin tokens from their own stash of Bitcoin and make the coins available to the users through Atomic Swap. According to CryptoVest, “BitGo will act as the primary custodian in charge of holding the BTC reserves. Back in September, the US-based blockchain security company received public trust company status from the South Dakota Division of Banking, allowing it to operate as a ‘regulated’ custody for institutional investors.” Explaining the soon to be released coin as a transformational community effort according to BitGo who said this in a different statement last week. The launch of Wrapped Bitcoin is following a significant institutional interest in tokenisation of assets like commodities, real estate and securities. In the markets today, Bitcoin is down by almost a percent at the current time of writing according to CoinMarketCap. The leading digital currency is worth $6,407 and has a market cap of over $111 billion. What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post New Project Aims To Bring Bitcoin To Ethereum Blockchain appeared first on Crypto Daily™.

21 days ago

Bitcoin to Be Available on Ethereum Network via Wrapped Bitcoin

Bitcoin will soon be available on the Ethereum network via a new Ethereum ERC-20 token called Wrapped Bitcoin (WBTC). This will allow users to exchange Bitcoin on Ethereum-based decentralized exchanges (DEXs), and use Bitcoin on Ethereum decentralized apps (Dapps). Every WBTC will be backed 1:1 by Bitcoin in a reserve operated by BitGo, a qualified cryptocurrency custodian. Merchants affiliated with Wrapped Bitcoin will send Bitcoin to BitGo, who will store them in a secure wallet, and simultaneously create a smart contract that generates the token. Unlike stablecoins like Tether, Gemini Dollar, PAX, and USD Coin, audits will not be required to prove reserves, since all data about WBTC will be viewable on the blockchain in real-time. BitGo CEO Benedict Chan says, “The beauty of that is all we have to do is put up a webpage and show all the addresses that have the Bitcoins... and at the same time, people will be able to check how many WBTC are in existence just by looking... on the Ethereum blockchain.” Merchants can also burn WBTC and redeem the Bitcoins and, therefore, users can deposit the tokens with merchants to receive Bitcoin. This will keep Wrapped Bitcoin pegged at a 1:1 ratio with Bitcoin at all times. Users can obtain WBTC from merchants that are officially part of the network but users must go through know your customer (KYC) and anti-money laundering (AML) requirements before receiving Wrapped Bitcoin. The decentralized exchanges Kyber Network and Republic Protocol spearheaded the WBTC project, but numerous other Ethereum DEXs have already jumped on board, in addition to some Ethereum Dapps. These include MakerDAO, Airswap, IDEX, Radar Relay, Hydro Protocol, Compound, Dharma, Set Protocol and Prycto. WBTC is becoming an Ethereum-wide movement since a token that represents Bitcoin has been sought on the Ethereum network. This will allow Bitcoin to easily be traded on DEXs, which can lead to an increase in trading activity and liquidity. Additionally, Dapp users can use Bitcoin instead of an Ethereum token. Bitcoin is the most stable, most reputable, and most valuable cryptocurrency, and crypto users generally prefer it for business purposes, versus using other crypto which can be quite volatile. WBTC seeks to constantly evolve under the guidance of a Decentralized Autonomous Organization (DAO), planning to progressively add more features, merchants, and custodians. Loi Luu, the CEO of Kyber Network, says, “One of the main reasons why many projects support this initiative is because there is a DAO that is going to govern the whole project including making major upgrades, adding more features, adding more merchants, even adding new custodians as well.” Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Bitcoin to Be Available on Ethereum Network via Wrapped Bitcoin appeared first on BitcoinNews.com.

21 days ago

Wrapped Bitcoin brings powers of Bitcoin and ERC20 tokens together

The joint effort by Kyber Network (KNC), Republic Protocol (REN) and BitGO seems to be working well as the teams together announced the launch WBTC - or Wrapped Bitcoin. WBTC is a proposed ERC-20 token which is backed up by ‘physical’ reserves of BTC and will be expected to remain tethered to Bitcoin’s value. Wrapped Bitcoin: the power of Bitcoin with the flexibility of an ERC20 token WBTC is a community-focused initiative and is the culmination of a long-standing joint effort relationship between BitGo, Kyber Network, and Republic Protocol. WBTC (Wrapped Bitcoin) will launch as a fully backed Bitcoin ERC20 token on Ethereum in January 2019. The initiative will bridge Bitcoin liquidity and the decentralized ecosystem on Ethereum, enhancing all decentralized applications. WBTC will allow the Ethereum network to be leveraged to enable new applications and use cases for Bitcoin. Prominent decentralized exchanges and financial projects, including MakerDAO, Dharma, Airswap, IDEX, Compound, DDEX, Hydro Protocol, Set Protocol, and Prycto have all committed to supporting the adoption of WBTC and will participate as launch members. Loi Luu, Co-founder, and CEO of Kyber Network “This initiative will be bringing together the liquidity of Bitcoin and the extensive smart contract developer ecosystem of Ethereum.” “Applications on Ethereum such as decentralized exchanges and financial protocols will all be able to use Bitcoin seamlessly, creating bitcoin trading pairs which have been impossible until now. At the same time, the usage of Bitcoin will be expanded by having more decentralized use cases, such as exchange, loans, token payments.” WBTC will allow any project to include WBTC in their platform without restrictions, while users can easily purchase WBTC tokens on any supported swap service or exchange. The effort will be community driven from launch, with governance dictated through a Decentralized Autonomous Organization (DAO) comprised of reputable projects in the cryptocurrency space. DAO members will publicly audit the WBTC tokens to make sure that the balances in the custodian wallet and the smart contract match. In addition, they will vote and decide on any proposed improvements. The addition of any new minters, custodians, and DAO members as well as the removal of the existing members will happen via a transparent voting process in the DAO. At launch, Kyber and Republic Protocol will pre-mint WBTC tokens from their own Bitcoin inventory to provide initial liquidity and make WBTC available for atomic swaps with users. Taiyang Zhang, CEO Republic Protocol was quoted saying “The addition of atomic swap technology to the WBTC initiative will allow users to deposit and withdraw BTC/WBTC securely and with confidence, which will assist in enabling WBTC adoption to reach the masses.” This initiative, including the initial minters and DAO, is expected to go live in January 2019. In advance of the launch, the specifications will be made known on GitHub/Gitter for all members of the cryptocurrency community to discuss and propose improvements on both the token and the governance model. The project seems promising as the strength of bitcoin and ERC20 token could bring superlative result and add more power to cryptocurrencies. It would be exciting to see how the product phases out after it is launched. Will Wrapped Bitcoin deliver in line with how it is anticipated to be? DO let us know your views on the same The post Wrapped Bitcoin brings powers of Bitcoin and ERC20 tokens together appeared first on Coingape.

23 days ago

OKEx chops out illiquid trading pairs to improve trading environment

An exchange is considered to be robust if it actively keeps making changes to exchange that helps in keeping the trading environment healthy and improves the user experiences. OKEx has just done that by delisting trading pairs weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline. OKEx delisting pairs which are illiquid According to the latest notification issued by OKEx, the exchange will delist several TRADING PAIRS with weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline. The execution time for this actin would be at 06:00 Oct 31, 2018 (Central European Time). The exchange advises users to cancel their orders of the affected pairs from the platform. If the order is not cancelled in time, the order will be cancelled by the system and the asset will be credited to your trading account. The exchange also emphasised that only the TRADING PAIRS with weak liquidity and trading volume, but NOT THE TOKENS themselves, will be delisted. Other satisfactory trading pairs can still be traded normally. The exchange also put forward that it strictly monitor all listed projects and implement the delisting / hiding mechanism for substandard projects when necessary. Protecting the interest of the exchanges users is key for the exchange. There are total 50+ pairs that are being delisted. Details of the mis as follows Ticker Token Name Pair READ READ BTC NGC NAGA ETH, USDT PRA ProChain BTC IPC IPChain ETH, BTC MAG Maggie ETH , BTC TRA Travel BTC VEE BLOCKv USDT RCT RealChain BTC, USDT CBT CommerceBlock ETH, USDT DNA EncrypGen BTC, ETH VIU Viuly ETH, BTC RCN Ripio Credit Network ETH MTH Monetha BTC, USDT AVT Aventus ETH, USDT CAG Change BTC, ETH REF RefToken USDT UKG Unikoin Gold USDT BRD Bread USDT ATL ATLANT USDT CAN Content and AD Network BTC CHAT ChatCoin ETH AUTO CUBE USDT, BTC MTL Metal USDT SUB SubStratum USDT EVX Everex BTC ICN Iconomi BTC, ETH OAX OAX BTC 1ST FirstBlood BTC, ETH SDA SixDomainChain BTC XAS Asch ETH AST AirSwap BTC, ETH GSC Global Social Chain BTC MOT Olympus Labs BTC, ETH UCT UCOT BTC AIDOC AI Doctor BTC TOPC TopChain BTC SPF Sportyco ETH ACE ACE ETH AMM Micromoney BTC, ETH FAIR FairGame BTC STC Starchain ETH XUC Exchange Union BTC This step is really prominent for OKEx and leaves an example for other exchanges as well to follow the suit if then need to keep themselves robust and enrich user experience. This also eliminates redundant tokens Will other exchange also follow suit like OKEx? Do let us know your views on the same The post OKEx chops out illiquid trading pairs to improve trading environment appeared first on Coingape.

23 days ago

Wrapped BTC Is Coming to Ethereum

BTC is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will introduce ”BTC-backed” WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based ”bitcoin” to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem to a wider audience. Also read: Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention Bitcoin Represented as an ERC20 Token Blockchains such as Bitcoin and Ethereum have always operated independently. While interoperability protocols have been under development for some time, achieving full compatibility between networks whose code is alien to one another is a complex task. The development of wrapped bitcoin does not mean that full synergy between bitcoin and ethereum has been attained. What it does mean is that BTC users can transact on ERC20 platforms using a native token that represents the bitcoin they’re accustomed to. As wbtc.network explains: “WBTC standardizes bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate bitcoin transfers ... The Ethereum network processes transactions faster than the Bitcoin network, but bitcoin holders don’t have to wait anymore. With WBTC, moving bitcoin between exchanges is much faster.” The initiative has attracted a host of major players from the worlds of Bitcoin and Ethereum. Led by Kyber, Republic Protocol and Bitgo, WBTC will launch with the aid of partners that include Airswap, Ddex, Hydrogen, Set Protocol, Compound, Maker, Dharma, Prycto, IDEX, Gnosis, Radar Relay and Blockfolio. The concept of wrapping a cryptocurrency to create an asset that is to all intents and purposes identical has already been trialled by the likes of 0x and Maker. The former’s Radar Relay and the latter’s DAI stablecoin both make use of WETH - wrapped ETH. More Convenience, Less Privacy Within the cryptoconomy, the only decentralized exchanges with any sort of meaningful volume all operate on the Ethereum network. IDEX, which is supporting WBTC, is the largest DEX by a wide margin. Should wrapped bitcoin prove successful, the exchange and others like it can expect a significant influx of liquidity as bitcoin-holders enjoy the convenience of WBTC over the laboriousness of needing to trade BTC for ETH before they can participate. That convenience comes at a price however. As wbtc.network explains: To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC/AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user. The prospect of requiring KYC to obtain an ERC20 token to trade on a decentralized exchange will be anathema to many of the individuals inclined to use such a platform. It is unclear whether there will be any other means to obtain WBTC without being forced to undergo KYC. The potential use cases for wrapped bitcoin include enabling dapps to accept bitcoin payments “for lending protocols, funds, prediction markets and token sales.” The benefits offered by ethereum-compatible bitcoin are manifold. The drawbacks, however, may be too much for the privacy-conscious to countenance. Would you use WBTC? Let us know in the comments section below. Images courtesy of Shutterstock and wbtc.network. Need to calculate your bitcoin holdings? Check our tools section. The post Wrapped BTC Is Coming to Ethereum appeared first on Bitcoin News.

23 days ago

OKEX To Delist Over 50 Trading Pairs By October 31st

The delisting of cryptocurrencies by prominent exchanges has been a common occurence in the crypto-verse in the past one month. The delistings started when Binance ceased all trading of the four digital assets of Bytecoin (BCN), Chatcoin (CHAT), Iconomi (ICN) and Triggers (TRIG). OKEX would later also delist Bytecoin (BCN) from its trading platform. OKEX To Delist Over 50 Trading Pairs but Not Individual Tokens In an announcement on the 25th of October, OKEX announced that it was delisting 58 trading pairs linked to 42 digital assets/tokens. The reasons outlined by the exchange were two. Firstly, the trading pairs had a weak liquidity. Secondly, the trading volume of these trading pairs was too low to continue supporting them on the platform. The affected tokens and trading pairs are listed below: Ticker Token Name Trading Pair to Be Delisted READ READ BTC NGC NAGA ETH, USDT PRA ProChain BTC IPC IPChain ETH, BTC MAG Maggie ETH , BTC TRA Travel BTC VEE BLOCKv USDT RCT RealChain BTC, USDT CBT CommerceBlock ETH, USDT DNA EncrypGen BTC, ETH VIU Viuly ETH, BTC RCN Ripio Credit Network ETH MTH Monetha BTC, USDT AVT Aventus ETH, USDT CAG Change BTC, ETH REF RefToken USDT UKG Unikoin Gold USDT BRD Bread USDT ATL ATLANT USDT CAN Content and AD Network BTC CHAT ChatCoin ETH AUTO CUBE USDT, BTC MTL Metal USDT SUB SubStratum USDT EVX Everex BTC ICN Iconomi BTC, ETH OAX OAX BTC 1ST FirstBlood BTC, ETH SDA SixDomainChain BTC XAS Asch ETH AST AirSwap BTC, ETH GSC Global Social Chain BTC MOT Olympus Labs BTC, ETH UCT UCOT BTC AIDOC AI Doctor BTC TOPC TopChain BTC SPF Sportyco ETH ACE ACE ETH AMM Micromoney BTC, ETH FAIR FairGame BTC STC Starchain ETH XUC Exchange Union BTC 31st October Deadline The announcement further gave the deadline of 6am, 31st October, Central European Time (GMT + 1). Users are advised to cancel their orders of the affected pairs before the deadline. If orders are not canceled in time, the system will cancel them and the digital assets will be credited to the users’ trading accounts. Only Trading Pairs, Not Tokens The exchange went on to clarify that the delisting only affected trading pairs and not the individual tokens: Please note that only the TRADING PAIRS with weak liquidity and trading volume, but NOT THE TOKENS themselves, will be delisted. Other satisfactory trading pairs can still be traded normally. What are your thoughts on OKEX delisting the over 50 trading pairs? Please let us know in the comment section below. The post OKEX To Delist Over 50 Trading Pairs By October 31st appeared first on Ethereum World News.

23 days ago

Wrapped Bitcoin Is Coming to Ethereum

Bitcoin core is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will see BTC become WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based bitcoin to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem to a wider audience. Also read: Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention Bitcoin Becomes an ERC20 Token Blockchains such as Bitcoin and Ethereum have always operated independently. While interoperability protocols have been under development for some time, achieving full compatibility between networks whose code is alien to one another is a complex task. The development of wrapped bitcoin does not mean that full synergy between bitcoin and ethereum has been attained. What it does mean is that BTC users can now transact on ERC20 platforms using a native token that represents the bitcoin they’re accustomed to. As wbtc.network explains: “WBTC standardizes bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate bitcoin transfers ... The Ethereum network processes transactions faster than the Bitcoin network, but bitcoin holders don’t have to wait anymore. With WBTC, moving bitcoin between exchanges is much faster.” The initiative has attracted a host of major players from the worlds of Bitcoin and Ethereum. Led by Kyber, Republic Protocol and Bitgo, WBTC will launch with the aid of partners that include Airswap, Ddex, Hydrogen, Set Protocol, Compound, Maker, Dharma, Prycto, IDEX, Gnosis, Radar Relay and Blockfolio. The concept of wrapping a cryptocurrency to create an asset that is to all intents and purposes identical has already been successfully trialled by the likes of 0x and Maker. The former’s Radar Relay and the latter’s DAI stablecoin both make use of WETH - wrapped ETH. More Convenience, Less Privacy Within the cryptoconomy, the only decentralized exchanges with any sort of meaningful volume all operate on the Ethereum network. IDEX, which is supporting WBTC, is the largest DEX by a wide margin. Should wrapped bitcoin prove successful, the exchange and others like it can expect a significant influx of liquidity as bitcoin-holders enjoy the convenience of WBTC over the laboriousness of needing to trade BTC for ETH before they can participate. That convenience comes at a price however. As wbtc.network explains: To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC/AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user. The prospect of requiring KYC to obtain an ERC20 token to trade on a decentralized exchange will be anathema to the sort of individuals inclined to use such a platform. It is unclear whether there will be any other means to obtain WBTC without being forced to undergo KYC. The potential use cases for wrapped bitcoin are extensive, including enabling dapps to accept bitcoin payments “for lending protocols, funds, prediction markets and token sales.” The benefits offered by ethereum-compatible bitcoin are manifold. The drawbacks, however, may be too much for the privacy-conscious to countenance. Would you use WBTC? Let us know in the comments section below. Images courtesy of Shutterstock and wbtc.network. Need to calculate your bitcoin holdings? Check our tools section. The post Wrapped Bitcoin Is Coming to Ethereum appeared first on Bitcoin News.

23 days ago

BitGo, Crypto Startups To Put Bitcoin (BTC) On Ethereum Blockchain

Meet Wrapped Bitcoin, BTC On The Ethereum Blockchain Although it is clear that the creation of Bitcoin indirectly parented the Ethereum project, arguably the second-most successful blockchain, moves have recently been made to develop BTC-backed, Ethereum-based tokens, which is an abstract concept in and of itself. To bring clarity to this venture, Kyber Network, an integral part in this push to launch these tokens, dubbed Wrapped Bitcoin (WBTC), issued an extensive piece outlining the project. Per the post, Kyber will be joining hands with Palo Alto-based BitGo, Andreessen Horowitz-backed MakerDao, AirSwap, Blockfolio, IDEX, and almost a dozen other crypto-focused firms to make WBTC a reality. Kyber, who has been “working very hard” with BitGo and Repbublic Protocol over recent months, revealed that first off, WBTC will be an ERC20 token fully collateralized by physical BTC, which will reportedly be held through qualified, regulated custodians. The project, which is the first of its kind, essentially aims to bridge the gap between the two independent decentralized networks, which aren’t similar/near-identical by any means. You may be wondering — how is WBTC going to work? Well, as explained by the Kyber Network, WBTC will be backed by BTC reserves at a 1:1 ratio, with the former token being issued when BTC is deposited into the system proposed by the aforementioned partners. Then, when WBTC holders want to redeem their tokens for Bitcoin, the ERC20 tokens are burned. The issuance and burning process will be obviously put on the Ethereum blockchain, allowing consumers from across the globe to access information pertaining to WBTC. Also, Kyber noted that WBTC/Bitcoin transactions are atomic, meaning that users’ funds are always kept safe when acquiring WBTC tokens. To further ensure that all of WBTC’s Bitcoin reserves are accounted for, a decentralized autonomous organization (DAO) “comprised of reputable projects in the blockchain space” will actively audit the smart contracts associated with this project to ensure that integrity is upheld. The Block has revealed that the ERC20 token could launch in 2019, but didn’t give any further specifics on the matter. WBTC May Be Legit... But Why? Due to the relative absurdity of this project, some were quick to question WBTC’s existence. Responding to BitGo’s announcement tweet regarding the matter, Andreas Antonopoulos, a prominent Bitcoin-centric proponent that hasn’t been afraid to advocate for Ethereum, simply asked — why? Why? — Andreas M. Antonopoulos (@aantonop) October 26, 2018 Andreas wasn’t the only one to question and comment on the project, as Jackson Palmer, the founder of Dogecoin (DOGE) and an Adobe developer, jokingly noted that WBTC is essentially putting a blockchain on another blockchain, which is evidently a confusing concept. Blockchains on blockchains on blockchains. pic.twitter.com/wVGI1GEe1j — Jackson Palmer (@ummjackson) October 27, 2018 Seeing that many were confused, WBTC’s partner firms were quick to issue comments and clarify why the project is a viable token. New York-based AirSwap, a peer-to-peer (decentralized) cryptocurrency trading network, took to Twitter to explain what is so appealing about the BTC-on-Ethereum project. $BTC is now a part of the AirSwap trading experience. We’re excited to support the community initiative to bring $WBTC to the Ethereum ecosystem. https://t.co/wNoPTLoB1A pic.twitter.com/wWS3FUar9C — AirSwap (@airswap) October 26, 2018 In an image, AirSwap highlighted the three “key values of” the WBTC project, which are the fact that it is transparent (as aforementioned), community-led, and accessible for participation from all players in the nascent cryptocurrency market. While this is all well and good, some were still left asking — what can WBTC be used for. Through the aforementioned values, WBTC on Ethereum will allow developers to take advantage of Bitcoin’s liquidity pool to apply BTC to Ethereum’s decentralized application and smart contract landscape. There aren’t any defined use cases for this up and coming asset just yet, but with a bit of time and elbow grease, developers in this industry will likely be able to create services, platforms, and systems that benefit from the use of WBTC. Title Image Courtesy of Thought Catalog via Unsplash The post BitGo, Crypto Startups To Put Bitcoin (BTC) On Ethereum Blockchain appeared first on Ethereum World News.

24 days ago

$BTC is now a part of the AirSwap trading experience. We’re ...

$BTC is now a part of the AirSwap trading experience. We’re excited to support the community initiative to bring… https://t.co/RjQmdSYBvd

24 days ago

WBTC Will Launch a Bitcoin Backed ERC20 Token in January 2019

In three months from now, Bitcoin, the oldest cryptocurrency in the world will enter the Ethereum blockchain. WBTC, a fully Bitcoin backed ERC20 token will be released in January 2019 that will bridge the liquidity of Bitcoin with the highly decentralized Ethereum network. This will help to increase the number of use cases and applications for Bitcoin. Leveraging Ethereum’s Dapp Ecosystem The ERC20 token will be launched in January 2019 and help in creating decentralized applications on the Ethereum blockchain that could be used with the token. Specifications of the project will be made available on GitHub/Gitter before the launch. The community-focused initiative is a joint effort by BitGo, Republic Protocol and Kyber Network. The WBTC will be supported by Dharma, Airswap, Compound, MakerDAO, Hydro Protocol, IDEX, DDEX, Prycto, and Set Protocol. They will also participate as launch members for the WBTC. To add initial liquidity to the project, Republic Protocol and Kyber Protocol will pre-mint some WBTC tokens from their own Bitcoin inventories and make the coins available to the users via atomic swap. Talking about the unique token, Loi Luu, the co-founder, and CEO of Kyber Network said: “This initiative will be bringing together the liquidity of Bitcoin and the extensive smart contract developer ecosystem of Ethereum. Applications on Ethereum such as decentralized exchanges and financial protocols will all be able to use Bitcoin seamlessly, creating bitcoin trading pairs which have been impossible until now. At the same time, the usage of Bitcoin will be expanded by having more decentralized use cases, such as exchange, loans, and token payments.” Maintaining Openness and Transparency BitGo will act as the custodian of the token at launch, supplying WBTC with institutional-grade crypto security. All WBTC issued will be fully verifiable on-chain. The project dashboard will also have a proof-of-reserve that shows a corresponding number of Bitcoins backs the amount of total outstanding WBTC. This will help to strengthen transparency within the initiative. Only the custodian will mint new WBTC tokens. When WBTC token holders redeem their tokens for Bitcoin, their WBTC holdings will be burned. All transactions on WBTC will be verifiable on both blockchains. Any project that intends to use WBTC can freely add it to their platform. The initiative will be community-driven right from the beginning, and the governance will be dictated via a Decentralized Autonomous Organization (DAO). The members of this organization will do public audits of the WBTC tokens to ensure that the balance of the custodian wallet matches with the smart contracts. Improvements in the project will also be proposed and decided upon by the DAO. WBTC Will Launch a Bitcoin Backed ERC20 Token in January 2019 was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

24 days ago

Totle Named Title Sponsor Of Crypto Invest Summit

Crypto Invest Summit, the world’s largest investment focused cryptocurrency and blockchain conference, with over 4,500 expected attendees, today announced Totle as their title sponsor for this month’s event. The summit is coming back to the Los Angeles Convention Center on October 22nd to the 24th in Los Angeles, California. The summit will feature a robust agenda spanning a variety of cryptocurrency related themes including investment analysis, marketing strategies, tokenized securities, stable coins, trends and insights from industry experts like Steve Wozniak and Tim Draper. Totle, now title sponsor of Crypto Invest Summit, makes the complicated process of trading on decentralized exchanges (DEXs) easy, by aggregating multiple DEXs behind the scenes and enabling trading across all of them via one, clean and easy-to-use user interface. Totle also enables individuals to manage their crypto assets while always keeping possession of their private keys. This means that they enable trustless peer-to-peer trading directly on the blockchain, removing the need for brokers, clearing-houses or any third party. Totle currently supports trading across EtherDelta, Kyber Network, Radar Relay, Airswap, Bancor, SharkRelay, OasisDEX, ERCdex and OpenRelay, with many more DEXs and liquidity networks coming. David Bleznak, Founder & CEO of Totle, says: “Totle is building tools to make crypto assets usable at the application layer. We believe users will choose Totle products as a result of our diligent approach to UX and CX. We’re excited to be back at Crypto Invest Summit to share more about what we’re building and catch up with all the other great projects in the ecosystem.” The summit will bring out some of the biggest investors and entrepreneurs in the technology, blockchain and crypto space, like Steve Wozniak, Tim Draper, Kavita Gupta, Avi Ben-David, Scott Walker, Dan Morehead, Jeremy Gardner, Ran Neuner, Rodney Sampson, Adam Draper, Crystal Rose, James Glasscock, Josef Holm and Alon Goren. In between panel discussions, keynotes and fireside chats with crypto and blockchain experts, pitching companies will take to the stage to present their products and investment opportunities to the investors in attendance. They will also have deal-making tables amongst the sponsors on the summit’s expo floor, where attendees will be able to meet fundraising companies, exchanges, funds, and other crypto and blockchain service providers. Totle joins other prominent sponsors of Crypto Invest Summit, like Ownera, American Airlines, Blackmoon, Netki, Abstract Tokenization, Coin Genius, MAS Fintech, DNA, Bitfinance, Blockparty, Aurora, Optimum, BitIRA, Everipedia, SENSE and Marketing Maven. About Crypto Invest Summit Sold-out in April, Crypto Invest Summit returns to the Los Angeles Convention Center on October 22nd. The summit brings together angel investors, venture capital investors, retail investors, family offices, real estate investors, startups/entrepreneurs, issuers, exchanges, broker-dealers, service providers, and members of the media. Previous headliners include Marcus Lemonis, Robert Herjavec, Tim Draper, Crystal Rose, Mance Harmon, Ran Neu-Ner, David Siemer, Bill Barhydt, Scott Walker, Adam Draper, and Apolo Ohno. More information and press passes at https://cryptoinvestsummit.io. The post Totle Named Title Sponsor Of Crypto Invest Summit appeared first on CoinSpeaker.

a month ago

Ethereum-Based AirSwap Teams up with Genesis Block for Security Token Initiative

AirSwap, which is a “peer-to-peer trading network built on Ethereum” and backed by ConsenSys, has teamed up with blockchain advisory firm Genesis Block for a security token initiative. They plan to launch products and services “for the creation, distribution and transfer of digital securities” on the blockchain. AirSwap and Genesis Block will target accredited investors to start. “[We’re] pleased to introduce compliant trading solutions for digital securities, ushering in a new wave where blockchain and legacy finance begin to merge,” according to AirSwap Co-Founder Michael Oved in a statement. (GT)

a month ago

AirSwap and Propellr Partnership will Tokenize New York Real Estate Market

The decentralized cryptocurrency trading platform AirSwap recently announced a partnership with FINRA-registered broker-dealer Propellr, that will see the pair harness AirSwap’s peer-to-peer trading protocol to develop a platform that enables brokers and their clients to tokenize and trade securities in a regulatory compliant manner. They plan on first implementing this with the New York real estate market, tokenizing property that can then be traded in the open market. Plans on how this will be implemented have yet to be released. (JF)

2 months ago


News courtesy of berminal.com
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