Airswap AST

$0.0402
Market Cap $ 6.034 MM (#390)
24h Volume $ 882.853 K
Chg. 24h: 3.53%
Algo. score 3.5/5  (#192)
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Airswap News

The @Civil membership token sale is underway, and we’re prou...

The @Civil membership token sale is underway, and we’re proud to be technology partners via the AirSwap Widget–enab… https://t.co/cDNFDTeAQG

8 days ago

This week on AirSwap: 📝 @Civil token sale powered by the em...

This week on AirSwap: 📝 @Civil token sale powered by the embedded AirSwap widget 🔥 Most popular tokens: $DAI,… https://t.co/bRM5y1eePA

11 days ago

AirSwap is hiring! Many positions open in Brooklyn including...

AirSwap is hiring! Many positions open in Brooklyn including Frontend Engineer. Join one of the top blockchain appl… https://t.co/l2nXoa7SRr

12 days ago

Crypto Roundup - Venezuelans Trade $60 Million in BTC in 2019 & Airswap on WBTC

All coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 0.68% to 19.74%. Venezuelans Trade $60 Million in BTC in 2019. Airswap on WBTC, Regulation and Why Dexs Are the Future of Crypto.

13 days ago

BAT Now Redeemable at 250,000+ Brands Including Amazon, Starbucks, Uber & Apple

After a recent partnership deal between Brave Software and Tap Network at World National Congress, the Brave users will now able to redeem Basic Attention Token (BAT) for real-world rewards at 250,000+ brands including Amazon, Apple, Starbucks, and Uber. The users will be able to redeem earned tokens for hotel stays, restaurant vouchers, and “exclusive entertainment experiences.” Not only this, users can also use BAT for making donations to the Red Cross, Habitat for Humanity, World Wildlife Fund, and other charitable causes. Brave Software is a privacy-focused browser that is changing the way users run online ads. TAP Network is a digital advertising platform powered by blockchain technology. The key aim of the company is to give its consumers full access over their data and safeguard their privacy while offering real rewards. With recent collaboration with Brave Software, it is set to complement the goal of Brave of building a private and seamless browsing experience by innovating in the digital ads space. Brendan Eich, the CEO of Brave Software said, “We welcome TAP Network as a partner for our ad platform that’s completely built on privacy, and reward users for their attention while opening doors for businesses that are looking to connect legitimately with new consumers.” While Lin Dai, the co-founder and CEO of Tap Network stated, “After partnering with Brave, we further the mission of protecting consumer privacy and rewarding users for participating in the advertising ecosystem.” In current crypto space, acceptance is the greatest challenge faced by all cryptocurrencies including Bitcoin and Ethereum. Moreover, hefty fees and technical complexity have made many vendors hesitant to invest in crypto. Brave and Basic Attention Token has been able to resolve this issue by working with advertising networks. BAT has expanded its network by hundreds of thousands of vendors, substantially growing the reach and value of the cryptocurrency. Furthermore, Brave is looking to partner with other ad networks to expand its rewards offerings and might roll out a mobile platform by the end of 2019. It is also working on integrating BuySellAds, AirSwap, Fluidity, ConsenSys, and Uphold into its Brave Ads catalogue. The post BAT Now Redeemable at 250,000+ Brands Including Amazon, Starbucks, Uber & Apple appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

15 days ago

AirSwap is currently the DEX serving the largest orders for ...

AirSwap is currently the DEX serving the largest orders for $WBTC. Make big $WBTC trades on AirSwap, and know befor… https://t.co/XndJVXY5FV

22 days ago

AirSwap is the currently the DEX serving the largest orders ...

AirSwap is the currently the DEX serving the largest orders for $WBTC. Make big $WBTC trades on AirSwap and know be… https://t.co/fmMVqaNCWn

22 days ago

AirSwap co-founder Don Mosites (@dmosites) at a #BlockchainT...

AirSwap co-founder Don Mosites (@dmosites) at a #BlockchainTokyo event outlining our approach towards DEX design an… https://t.co/IStwEKegUH

25 days ago

AirSwap is co-hosting the Fluidity Summit on May 9th in Broo...

AirSwap is co-hosting the Fluidity Summit on May 9th in Brooklyn. Join our team and the companies that are building… https://t.co/7K59XhzZfb

a month ago

AirSwap Launches Fiat On-Ramp to Support Trading on DEXs

Peer-to-peer trading network AirSwap has just made it easier to trade crypto on a decentralized trading platform. AirSwap has announced a new fiat on-ramp that is possible as a result of a deal with Wyre, a money service business. As a result, users can convert fiat currency across USD, GBP, EUR, and AUD for ETH via their own crypto wallet with AirSwap. In order to trade on decentralized exchanges, users often must first convert their fiat into crypto on centralized exchanges. The AirSwap feature removes the need for that step, giving traders more direct access with fiat via ACH and wire bank transfers to begin trading on decentralized exchanges (DEXs). (GT)

a month ago

Make BIG $DAI trades on AirSwap today (cc @MakerDAO). ...

Make BIG $DAI trades on AirSwap today (cc @MakerDAO). https://t.co/oDgxqIEYTP

a month ago

$wBTC on AirSwap 🔥 ...

$wBTC on AirSwap 🔥 https://t.co/7il6meXZGj

a month ago

Money 2.0 Stuff: Stake My Token for 1000% Yields

It’s Just The Risk-Free Rate, Bruh In today’s edition of Cryptocurrency Nerds Learn about Capital Markets, we take on “staking as a service” businesses. At the face of it, the business model is quite straight-forward: I have coins that I can stake (helping secure a Proof of Stake-based network) and can earn a certain yield in return for it. This staking process is rather complex to a non-technical user and certain optimizations that can be made, i.e., economies of scale in certain PoS designs, so the service is outsourced to a trusted third party. These businesses pool up funds of many different people: long-term holders, active traders, etc. and maximize the yield that they can earn. While the marginal return generated by the staking pool is minimal, they make the process extremely convenient. The Block’s Francisco D. Chaparro explains: Still, staking provides a number of technical headaches for investors, including having to run multiple servers and 24/7 monitoring to maintain those servers, Ogilvie said. “For every cryptocurrency, you need 2 to 3 servers and someone to keep it up 100% of the time,” Ogilvie said. “It is not a 9 to 5 job. It’s a nights and weekend job. And that’s for every chain you want to support.” Like every other cryptocurrency land grab, a number of companies—largely venture-backed—have propped up in this category including Cryptium Labs, Rocketpool, Staked, Vest, Battlestar, and others that haven’t yet launched. There are a few problems with these businesses: Many of these staking companies are marketing their products as a high-yield credit product often pointing to “risk-free” rates while conveniently ignoring the fact that they’re really volatile cryptocurrencies. If you’re already long, that’s one thing, but earning a 20% yield doesn’t mean anything if your token drops 70% in price. Advertised yields, currently as high as 15-100%+ in some networks, are totally unsustainable. They’re currently possible due to such low staker turnout. As the ease of staking drops considerably, expect these yields to drop as well. In many cases, the borrow cost of these cryptocurrencies is significantly lower than the yields advertised, which is also unsustainable. The majority of the projects that offer high-yields are—to put it generously—not the highest quality projects. This is a story we’ve seen before, with the first wave of “master-node” coins that offered extremely high yields (subsidized by inflation). Due to the lack of liquidity in these markets, recognizing returns from the long-tail of PoS projects in good ol’ Federal Reserve certificates is next to impossible. For someone who’s already long, this is not problematic, but marketing this as a cool new credit product to someone who doesn’t already have long exposure is silly. Fees are extremely high for these businesses, around 15-20% (of yields) at the high-end. Margin compression is inevitable. In addition to serious competition (with a dozen or more companies focused on the initial land-grab), expect to see new entrants. This sort of business model intuitively makes sense for custodians—who already have the assets aggregated—to layer on top of existing offerings. In the rapid financialization currently taking place, people have seemed to lose sight of the fact that staking is fundamentally oriented around not losing your proportional share of the network: if you own 1% of ether, you stake to ensure that’s not diminished by inflation. Since the full network will never stake, you make a marginal return on the basis of your participation. Always Wrap it Up On the note of rapid financialization, BitGo launched a “Wrapped Bitcoin” (WBTC) product this week. The Block’s Chaparro explains: Wrapped Bitcoin is a ethereum-based token that is backed one-to-one by a regular bitcoin... Wrapped Bitcoin aims to function as a token that represents the value of bitcoin and offers the functionality of an ethereum token. The utility of the WBTC token remains unclear. If you were interested in transacting on the Ethereum network or interfacing with the “Open Finance” stack, why wouldn’t you use ether? It seems a little strange to be using an Ethereum dApp but expressing preference in exposure to bitcoin rather than ether’s price volatility. Wouldn’t using a dApp mean you’re bullish? I can see this sort of instrument being particularly useful in DEXs. If an ecosystem evolves for retail traders around tax evasion, it could be the case that crypto traders who have no option but to stay on the “Ethereum rails” use synthetic instruments like DAI or WBTC to balance their portfolio. In fact, AirSwap is an early supporter of WBTC, with team member Robert Paone adding: “People prefer the economics behind bitcoin, but there are, frankly, a lot of cool things you can do on ethereum,” Rob Paone, Growth Lead at AirSwap, one platform supporting trading of the new token, told The Block. While WBTC can’t be used to pay for gas on the Ethereum network, it could be used t

2 months ago

Stablecoin Craze Continues As Team KRWb Launches Korean Won Backed Stablecoin

Stablecoins have been the buzzwords in crypto-space for quite some time now and the craze doesn’t seem to be ending at all. After having a few stablecoins backed by US dollar, Asian companies to have started introducing coins that are backed by local currencies, latest being a stablecoin backed by Korean Won. KRWb- Korean Won backed Stablecoin is Now Beta live on Airswap Continuing the craze of introducing stablecoins backed by different currencies, KRWb has introduced a new stablecoins that find itself pegged to Korean Won in 1:1 ratio. The team has finished deployment of the initial smart contract and now has launched the live beta period over the next few weeks on AirSwap, a decentralized exchange, before proceeding some anticipated prominent Korean and Global exchange listings. The coin is an ERC 20 token and current total supply is 400,000,000 KRWb. According to the Medium post, the mechanics of KRWb would work as “1 KRWb token will be created for each 1 KRW deposit into the KRWb treasury. This “digital KRW” will be created as an ERC-20 token that can be easily transferred globally or held by anyone who has access to an ERC-20 compatible wallet. The KRWb team will not put any KRWb tokens into circulation unless they are, at a minimum, backed 1:1 by fiat KRW inside of the company’s Korean treasury reserves.” The team behind KRWb will be responsible for managing the minting and burning operations through an Ethereum smart contract process that requires a multi-signature checkpoint and a 3rd party auditor would be appointed to regularly audit. At launch, there will be a limited number of “KRWb Issuance Partners” who will have the responsibility of distributing KRWb to the market and supporting liquidity. As there is just select nature of KRWb Issuance Partners, these parties will have to pass a rigorous KYC/AML check and will be able to continually meet a high-quality customer service standard to offer liquidity for the KRWb community. According to the post, KRWb comes with some definite advantages which include A stable store of value that can be denominated in KRW Global accessibility of value transfers in and out of Korea Alternatives to KRW Foreign Exchange rate hedging Over time, a reduced variance of cryptocurrency prices within Korea vs. global markets With respect to availability, the team has plans to bring the stablecoin on leading Korean Crypto exchanges, global exchanges and certain selected DEX’s. The team also plans to take this to stablecoin to OTC desk partners to encourage liquidity. Over the period of time, it is anticipated that KRWb would be available in exchange for Bitcoin (BTC), Ether (ETH), KRW, USD, TUSD and more. While the idea for now looks good, but one will have to see how it is accepted in the markets. With so much of trading coming from Korea, the coin could be the first choice of Korean traders to park their funds into to avoid volatility. Will KRWb, achieve the targets and become one of the top stablecoins? Do let us know your views on the same. The post Stablecoin Craze Continues As Team KRWb Launches Korean Won Backed Stablecoin appeared first on Coingape.

2 months ago

Wrap Your Head Around This: BTC Is Now Featured as a Token on Ethereum

It happened: Bitcoin is now an Ethereum token.Wrapped Bitcoin (WBTC), an ERC-20 token with a 1-1 peg to bitcoin, went live on the Ethereum network on the final day of January, “the first token that makes Bitcoin compatible with the Ethereum chain,” its architects say.Kyber Network, Bitgo and Ren spearheaded the “community led” initiative, which has spread its reach to AirSwap, BitGo, Blockfolio, Compound, DDEX / Hydro, Dharma, Gnosis, GOPAX, Kyber Network, Loopring Protocol, MakerDAO, OmiseGO, Prycto, Ren, Set Protocol, and TheOcean. These members of the WBTC DAO are a mixture of liquidity, infrastructure and custodial partners. The token’s network will rely on some of them to facilitate BTC to WBTC swaps for its users.To exchange their BTC for WBTC or vice versa, users must enter into a request with a WBTC merchant, someone who basically “sells” (or more accurately, distributes) WBTC to users in exchange for bitcoin (or bitcoin in exchange for WBTC) and go through KYC. These merchants act as a go-between for the user and the network’s liquidity pool, the custodians.That merchant takes this request to a custodian, who will either deny or honor the request and mint or burn WBTC for the user. Minting and burning takes place directly between the merchant and the custodian through an atomic swap, a protocol that allows users to trustlessly trade assets cross-chain —in this case, BTC and WBTC.To trigger the process, a merchant would submit a minting request to an Ethereum smart contract while simultaneously sending bitcoin to the custodian.“The custodian then waits for 6 confirmations on the bitcoin chain, and approves the minting request on the Ethereum network, and the approval triggers the mint operation in which the merchant gets the WBTC,” Yaron Velner, the CTO of Kyber Network, told Bitcoin Magazine.The user is not involved in this swap in this first swap in any way. To claim their tokens/bitcoin, the user then has to enter in either an atomic swap or a trusted exchange with the merchant.Kyber Network and Republic Protocol will kickstart the network as its first merchants, andEight Wrapped Bitcoin community members(AirSwap, Dharma, ETHfinex, GOPAX, Kyber Network, Prycto, Ren and Set Protocol) will kickstart the network’s WBTC and BTC liquidity vehicle as merchants, while BitGo will be the sole custodian to start.Members of the WBTC DAO will oversee a multisignature wallet that will handle the permissions and keys necessary for assigning or retracting merchant and custodian roles.The (Peg) Ins and OutsThe project promises to bring Ethereum smart contract utility to bitcoin and the benefit of bitcoin’s liquidity to ether’s token market.Currently, Ethereum dominates the decentralized exchange (DEX) landscape, and there’s no way for traders to directly trade their bitcoin for tokens (they have to go through centralized exchanges for that). Giving traders the option to import bitcoin to Ethereum to trade its value as an ERC-20 token, WBTC could unleash a sea of bitcoin liquidity into Ethereum’s Decentralized Exchanges — this is likely why IDEX, the largest DEX on Ethereum, is involved, along with Airswap, DDEX, ETHfinex and others).As an ERC-20 token, WBTC can also execute smart contracts, meaning dApps could use the token (like WBTC community partners Compound, Dharma, dYdX, bZx, Gnosis, Maker and Set protocol), and developers can start building new applications on WBTC. Wholesale, the project sells itself as “[combing] the benefits of Ethereum and Bitcoin, making it simple to handle the wrapped currency with only the Ethereum node.”It’s an ambitious project, bringing together crypto’s two most valued networks, one that wants to utilize the best of both cipher worlds. It’s one, though, that Wrapped Bitcoin is backing up with immediate utility and liquidity at launch, but it’s also one that comes with tradeoffs.“Kyber Network and Ren have procured an initial amount of WBTC tokens from their own Bitcoin inventory to provide initial liquidity and make WBTC immediately available for swaps with users. BitGo will be the initial custodian,” a press release states.“Eight initial merchants will be facilitating conversion between WBTC and BTC: AirSwap, Dharma, ETHfinex, GOPAX, Kyber Network, Prycto, Ren, and Set Protocol.”The token service is starting centralized, and you have to go through KYC to be verified with merchants to submit token minting or burning requests. BitGo will be the sole custodian from the beginning, meaning that all swaps will be conducted by the blockchain and wallet services company.“Various decentralized and centralized exchanges have also procured WBTC inventory to support liquidity for the token with the live supply of WBTC observable on the WBTC dashboard,” the press release also states.” WBTC will also have usage on a handful of dApps out the gate, including “bZx, Compound, Dharma, dYdX, and DApps and wallets integrated with Kyber Network.” CoinGecko, the project’s market data partner, wil

2 months ago

The Daily: Bitcoin Carnivory, Dapps & DEXs, Quadrigacx Claims Insolvency

The Daily curates stories from the eclectic and often bizarre world of Bitcoin. Today’s roundup demonstrates just how varied that world can be, taking in Bitcoin carnivory, decentralized apps, and a new price comparison tool for token traders. We begin in Canada though, with confirmation that Quadrigacx exchange has bitten the dust. Also read: Coincheck Registers 1.7M New Users Since Resuming Operations Last October Canadian Exchange Searches for Lost Cold Wallets Troubled Canadian exchange Quadrigacx, which ceased trading this week, has filed for insolvency. Its website now consists of a short message from its board of directors informing customers that it has filed for an application for creditor protection in Nova Scotia Supreme Court to address “significant financial issues.” It appears that the exchange was essentially operating a fractional reserve system for weeks, in a move reminiscent of Italy’s Bitgrail exchange, which folded in similar circumstances. Most concerning is the acknowledgement that Quadrigacx has apparently misplaced the cold wallets containing customer funds. The short notice on its website speaks of “very significant cryptocurrency reserves held in cold wallets” that it has been unsuccessful in tracking down. A third-party auditor has now been called in to assist. New Dapp Report Dives Deep An exhaustive new survey from Fluence Labs provides an insight into the dapp development ecosystem. Having polled 160 dapp developers and project teams, it’s assembled a plethora of statistics that attest to the work being done across multiple blockchains. Key findings from the survey include: The majority of dapp projects were started in 2018 and self-funded. Approximately 50 percent of projects use a centralized cloud backend and centralized tools like Infura to connect to the Ethereum blockchain. Most projects monetize through transaction fees. The biggest impediment to major Dapp adoption is the onboarding process for new users. The report also notes that Ethereum still accounts for the bulk of all dapps (77 percent), followed by EOS (19 percent) and Tron (8 percent). In related news, an open source tool called Dex Index has just launched that enables traders to find the best price for ERC20 tokens across the leading decentralized exchanges (DEXs). Developed by the Airswap team, it features a simple but clean design and data sourced from DEXs such as Bancor, Radar Relay, IDEX, and Kyber Network. Dex Index Bitcoiners ‘Fork’ Jimmy Song’s BTC BBQ Bitcoin Carnivory Club is hosting a dinner at a Brazilian restaurant in London on Feb. 7. It will feature Bitcoin Core developer Jimmy Song and trader Tone Vays as guests of honor - plus a whole lot of barbecued meat. Not everyone in the Bitcoin community is enamored with the concept, however, with some believing that such events contribute to the elitism that deters new entrants. “Bitcoin literally has nothing to do with eating meat,” tweeted Cobra Bitcoin. Sign up for Carnivory Dinner London! @ToneVays and I will be hosting.https://t.co/gKSLj1W0bb — Jimmy Song (송재준) (@jimmysong) January 28, 2019 A group of London Bitcoiners has now “forked” the carnivorous event. Its alternative dinner will take place in nearby Thai Square, with organizer Theo Goodman telling Decrypt: “There will be no leaders, no celebrity status and it doesn’t cost $500 to sit at the table.” Vegetarian options will also be available for those who don’t relish chewing meat all evening. Tickets for the Song and Vays hosted event, meanwhile, are priced at $262. Eventbrite listed 26 tickets as being available when Song tweeted about the dinner on Jan. 28. That figure now stands at 24. What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: Bitcoin Carnivory, Dapps & DEXs, Quadrigacx Claims Insolvency appeared first on Bitcoin News.

2 months ago

Blockchain tech firm Fluidity merges with tokenization company Propellr

CryptoNinjas Fluidity, creators of the AirSwap decentralized exchange protocol, announced that they have merged with Propellr, a tokenization company with integrated registered securities dealer to form a new company called Fluidity Factora. Propellr is an end-to-end platform for creating, managing,... Blockchain tech firm Fluidity merges with tokenization company Propellr

2 months ago

AirSwap Launches a DEX Tool to Deliver Best Prices to Traders and Devs

Ethereum token decentralized marketplace AirSwap has unveiled DexIndex. The new tool, which is open-source and free, hunts decentralized exchanges (DEXs) for the most attractive cryptocurrency prices. AirSwap said it chose to focus on DEXs because “Ethereum offers a rich decentralized exchange or “DEX” ecosystem in 2019, and new projects are popping up all the time.” Individual investors are left to wonder which DEX offers the best price, and the DexIndex solves that for them while offering developers a way to deliver “real-time prices in their apps.” (GT)

2 months ago

A Korean Won-Backed Stablecoin Hits the Market

A new stablecoin has hit the market. South Korea-based BxB Inc. has launched KRWb, the industry’s maiden stablecoin backed 1:1 by the Korean won. The cryptocurrency was first launched in beta format on decentrazed exchange Airswap before “Korean and global exchange listings,” according to the announcement. The reserves will be comprised of 1 KRWb token/1 KRW fiat deposit into a KRWb treasury. This “digital KRW” will be created as an ERC-20 token that can be easily transferred globally or held by anyone who has access to an ERC-20 compatible wallet,” the announcement states. No new coins will be added unless they are backed by fiat KRW in the treasury. (GT)

2 months ago

"Factora and AirSwap are an excellent complement of independ...

"Factora and AirSwap are an excellent complement of independent platforms, and are uniquely positioned as a full-st… https://t.co/JM3SHUbiBT

2 months ago

The Korean Won stablecoin $KRWb is now available for P2P tra...

The Korean Won stablecoin $KRWb is now available for P2P trade on AirSwap at https://t.co/LMq2uNlhKx https://t.co/PpTHv9A6ZU

2 months ago

The Brooklyn Project and TruSet begin initiative to simplify crypto-compliance thru community

CryptoNinjas The Brooklyn Project and TruSet are leading an initiative to simplify crypto compliance along with support from crypto companies including AirSwap, Gnosis, and Kyber Network. The two-week initiative ends on January 24th and will... The Brooklyn Project and TruSet begin initiative to simplify crypto-compliance thru community

2 months ago

The Brooklyn Project and TruSet begin community initiative to simplify crypto-compliance

CryptoNinjas The Brooklyn Project and TruSet are leading an initiative to simplify crypto compliance along with support from crypto companies including AirSwap, Gnosis, and Kyber Network. The two-week initiative ends on January 24th and will... The Brooklyn Project and TruSet begin community initiative to simplify crypto-compliance

2 months ago

An in-depth recap of the previous year in Ethereum, with men...

An in-depth recap of the previous year in Ethereum, with mention of AirSwap and the decentralized trading landscape… https://t.co/VHyL7YNg04

2 months ago

New update coming soon to the AirSwap Order Information page...

New update coming soon to the AirSwap Order Information page. Which one do you prefer? Left (before) or right (afte… https://t.co/N85om1639a

2 months ago

@fr33tuff @CharlesSWE @opera @HydroAmbassador @ovedm606 Anyo...

@fr33tuff @CharlesSWE @opera @HydroAmbassador @ovedm606 Anyone can add a token to the AirSwap network. If you're in… https://t.co/isLpjfPrzX

2 months ago

"We partnered with AirSwap to create a really smooth and sea...

"We partnered with AirSwap to create a really smooth and seamless process for exchanging cryptocurrencies. AirSwap… https://t.co/PoLvxeoSIT

2 months ago

Ripple CTO Claims XRP Eliminates PoW Risks Seen in Ethereum Classic’s 51% Attack

Ripple Labs has long been a polarizing startup in the cryptosphere. Case in point, the San Francisco-headquartered company, started by Stellar Development Foundation Mt.Gox co-founder Jed McCaleb, is often bashed for being in bed with centralized financial entities — what Bitcoin was created to destroy. Moreover, many believe that the XRP digital asset is centralized, controlled by puppet masters at the fintech firm. However, David Schwartz, the chief technology officer at Ripple, has claimed that his firm’s protocols actually have their benefits. Schwartz’s controversial comments come after the Ethereum Classic blockchain was attacked by an unnamed group/user. Related Reading: Ripple Exec: Crypto Technology Needs Improvement Before Adoption Ripple CTO Bashes Ethereum Classic’s PoW, Praises XRP Ledger The crypto industry en bloc was shocked on Monday, as a damning Coinbase blog post surfaced. Per previous NewsBTC reports, Mark Nesbitt, a security engineer at the world-renowned startup, divulged that Coinbase detected a number of deep chain reorganizations (reorgs) on the Ethereum Classic network. Upon further analysis of the reorgs, Coinbase determined that an unnamed malicious user was leveraging rented hashpower to double spend ETC. And as such, the firm was mandated to shut down trading operations for the asset. After a deep-dive of this industry event, which went under the radar for over 24 hours, Coinbase’s engineers discovered that upwards of 88,500 ETC, which amounts to a fiat sum of ~$450,000, were falsely deposited on the OkEX exchange. As this news broke, reaching the eyes and ears of cryptocurrency commentators across the globe, Twitter quickly erupted in a frenzied clamor. Tim Swanson, a leading American technology guru with vested interests in crypto-related firms, took the time to state that by design, Proof of Work (PoW) chains “cannot guarantee settlement finality.” Litecoin creator Charlie Lee took the time to caution his followers, stating that coins that aren’t dominant in their respective consensus mechanisms (Ethash for Ethereum Classic) are susceptible to attack. Lee then drew attention to NiceHash, a mining marketplace, to prove his point, noting that it would cost a mere $5,000 to attack the ETC for an hour. While the aforementioned comments were expected, what was unexpected was the response that the so-called “XRP Army” had to this industry occurrence. Not only did Ripple’s biggest fans claim that the multiple reorgs of the ETC chain were a win for XRP, but so did David Schwartz, the aforementioned member of Ripple’s top brass. Citing the Coinbase exposé piece, Schwartz noted that the XRP Ledger isn’t susceptible to double spend attacks, as its “distributed agreement protocol” eliminates that risk. For those who missed the memo, XRP’s consensus mechanism is vastly different from the PoW schemes that networks like Bitcoin utilize, as validators and tracking servers maintain the ledger without mining. Another PoW blockchain suffers a double spend attack, this time ETC. XRP Ledger's distributed agreement protocol eliminates this risk.https://t.co/RQBEWAXmRD — David Schwartz (@JoelKatz) January 7, 2019 This pro-Ripple statement should come as no surprise, especially considering that Schwartz is an obvious advocate for the network he builds on. Schwartz’s brief statement on the matter quickly became a rallying cry for Ripple’s most fervent fans, with Twitter accounts bearing “XRP” in their names quickly lauding their favorite asset, while bashing PoW networks. While there were hundreds backing the third most valuable cryptocurrency by market capitalization, skeptics were quick to debunk this newfound love for Ripple. Skepticism Ensues Rob “Crypto Bobby” Paone, a skeptic of XRP’s status in this industry, touched on the discussion that XRP is better than its PoW counterparts in a recent Youtube video. Addressing the topic with skepticism and hilarity, Paone, a growth advisor at Mike Novogratz-backed Airswap, noted: “If you’re an XRP fan, you can certainly say ‘hey Coinbase, you listed Ethereum Classic that got 51% attacked, so it has proven [itself] to be not secure.’ But, on the other end [of the spectrum], maybe [the Ripple ledger] is very vulnerable to government, regulators, and things of that nature, due to the potential centralized nature of it.” The seasoned industry commentator wasn’t alone in his cynicism. Far from, in fact. Gab.com, a pro-crypto social media platform built around the premise of free speech, quipped that if Ripple Labs can freeze funds, whenever and for whatever reason, there’s a chance you might have a “scamcoin on your hands that isn’t decentralized.” Pro tip: if Ripple Labs can freeze your funds at anytime for any reason you might have a scamcoin on your hands that isn't decentralized. Might as well just open a normal bank account lol. — Gab.com (@getongab) January 7, 2019 Gab, which is no stranger to financial censorship, added that considering Ripple’s

2 months ago

@futjrn @ethereumJoseph @TrustWalletApp Anyone who wants to ...

@futjrn @ethereumJoseph @TrustWalletApp Anyone who wants to become a Maker can connect to the AirSwap network. This… https://t.co/YnwU6MuUVJ

2 months ago

Binance CEO: About Time Facebook Launches Its Own Crypto, Bolsters Adoption

Even amid 2018’s crypto market downturn, reports have recently begun to sprout up that Facebook, one of the largest technology giant on Planet Earth, has started to earnestly dive into blockchain development. This week, NewsBTC reported that Facebook’s in-house blockchain branch, a project headed by former PayPal president David Marcus, has undergone breakneck expansion efforts. An exclusive report from Cheddar has revealed that Facebook’s “small” blockchain consortium has been bolstering its defenses behind closed doors. Citing sources, the outlet’s journalists noted that nearly 40 staffers, which primarily consist of savvy blockchain talents and former PayPal employees, now work within the walls of the little-known program. While the Menlo Park-based startup is evidently putting the pedal to the medal when it comes to blockchain technologies, scant details have been officially confirmed by Facebook. This secrecy has led to rampant speculation regarding the blockchain arm’s long-term ambitions. At a Facebook event specifically targeted at the crypto industry, an anonymous attendee purportedly told Cheddar that the firm intends to launch a “decentralized digital currency.” Many immediately disregarded this gossip, with cynics going into throes about how absurd such an offering would be. Yet, according to a Bloomberg report, which cited those familiar with the matter, this unexpected hearsay could be, in fact, true. Sources: Facebook To Launch Stablecoin For WhatsApp Sources claimed that Facebook, which has taken a beating in late-2018’s stock market pullback, intends to launch a U.S. dollar-tied stablecoin for WhatsApp, a multinational messaging (IM) platform owned by the social media conglomerate. Facebook intends to allow the cryptocurrency, which remains unnamed, to be transferred directly through the WhatsApp client as a way to transact value globally. The people said that the American tech juggernaut intends to target India’s remittance market first, which amounted to $69 billion in 2017, before expanding worldwide. Bloomberg added that Facebook has been hesitant to divulge the venture, as it remains metaphorical lightyears away from releasing the product. More specifically, the firm is reportedly struggling with finding a way to formally custody the underlying USD, along with how to run with the proposed product. While Facebook representatives could neither deny nor confirm the reports, this news spread like wildfire, subsequently prompting a response from leading crypto commentators. Hasu, an independent cryptocurrency researcher infamous for bashing BitMEX, noted that he/she predicts that the colloquially-dubbed “Facebookcoin” will have a profound impact on overarching markets. The researcher, who sports 8,300 followers on Twitter, exclaimed that the initiative will “do more for developing markets than all [crypto assets] combined have done so far.” Hasu elaborated that a stablecoin, not a natively issued coin, is “[obviously] the right choice,” as Bitcoin (BTC), while a “superior form of property,” can’t currently compete in day-to-day transfers of value. Related Reading: Messari CEO: Killer Use Case For Bitcoin Is Still Money, Digital Gold Anthony “Pomp” Pompliano echoed this bullish outlook on the asset, drawing attention to the fact that in India alone, WhatsApp is present on the devices of 200 million consumers. Pompliano, the founder of Morgan Creek Digital and an anti-centralization advocate, claimed that if the rumors are bonafide, Facebook could easily bring cryptocurrencies to the mainstream — just like that. Even Changpeng “CZ” Zhao, CEO of Binance, took a crack at lauding Facebook for its purported offering. Zhao asserted that “there [isn’t] a reason for IM apps not to issue their own utility token,” touching on the fact that such products, only if implemented correctly, will be a net benefit to both the social media platform and the cryptosphere at large. It's about time. There is no reason for any IM app not to issue their own utility token. Let's see who is next. The early movers have a huge advantages on adoption (merchants etc). https://t.co/ZSLSZhmHRr — CZ Binance (@cz_binance) December 21, 2018 CZ added that early movers, whether it be Facebook, LINE, or Telegram in the context of IM-related cryptocurrencies, will get a substantial leg up over stragglers. As such, it would be advantageous for firms backing IM platforms to begin crypto implementation immediately, rather than later, as it is illogical to penetrate a market when hegemony is already well established. Skeptics Critical Of Facebook-backed Crypto Although pundits like Pomp and CZ have praised Facebook’s newfound push for crypto development, some took the stablecoin rumors with boatloads of cynicism. Angus Crespigny, a New York-based cryptocurrency infrastructure investor, noted that Facebook’s foray into this industry could devalue the words “crypto” and “blockchain.” Rob “Crypto Bobby” Paone, a growth advisor at

3 months ago

We're excited to be working on the WBTC DAO with a number of...

We're excited to be working on the WBTC DAO with a number of projects and to integrate Bitcoin into the AirSwap eco… https://t.co/76CgTh2XLJ

3 months ago

DEXs Gain Totle Control Over Liquidity

Totle, backed by NEO Global Capital (NGC) and Arrington XRP, is helping to solve the liquidity issue for decentralized exchanges (DEXs). The Detroit, Michigan-based startup has launched a business-related API dubbed Totle Movement, marking a shift to a business-to-business strategy. Totle Founder and CEO David Bleznak told Crypto Briefing: It allows wallets, other trading platforms and any business that wants to offer token-to-token swaps to use Totle as that function. Use cases include games, ICO platforms, payment solutions and payroll. For example, if a blockchain company uses a compensation model that is 20% crypto, they can accomplish that on Totle. One of the blockchain startups using Totle for payroll is Opulus. Totle has no logins or two-factor authentication. Instead, users bring their own wallets, such as a Trezor, Ledger or MetaMask, and trade. Orders are routed and completed via aggregated order books, and one buy or sell order could be completed with multiple decentralized exchanges. Totle integrates with just over a dozen DEXs including EtherDelta, Kyber, RadarRelay, Bancor, AirSwap and more. By bringing [the DEXs] together on one platform, we combat that problem [of liquidity]. You can fill orders across multiple venues with one transaction. We show you where you’re going; you don’t have to decipher which venues to go to. Let’s say you’re placing an order to trade 5,000 ether for Dai and there’s not enough liquidity on Bancor to do it. Totle will split the order up for you. This aggregated approach allows Totle to complete bigger orders and bolster much-needed liquidity in the ecosystem. While there’s still more work to be done, the market has grown “significantly bigger” since they started, Bleznak noted. Centralized vs. Decentralized Is Like Coke vs. Water Meanwhile, the lack of KYC features has given Totle an edge over some of its peers, such as ShapeShift, which has recently moved to an account registration model. One unlikely exchange that has just made its way into the competitive landscape for DEXs is Coinbase, with its expansion to support crypto-to-crypto conversions. While not a direct rival, Bleznak says it’s close: Yeah, I would consider that Coke vs. water. It’s not really in direct competition, but it’s definitely an alternative. All centralized exchange businesses to us are like Coke vs. water. Expanding upon Bleznak’s analogy, centralized exchanges are a bit like Royal Crown compared to the Classic Coke recipe of DEXs and Totle. That’s because DEXs more closely resemble the early vision for the crypto space, including Satoshi Nakamoto’s peer-to-peer system. Now, if only they would change the words of the jingle to ‘I’d like to buy the world a Coke with bitcoin.’ The author is invested in digital assets, including ETH which is mentioned in this article. Join the conversation on Telegram and Twitter! The post DEXs Gain Totle Control Over Liquidity appeared first on Crypto Briefing.

3 months ago

State of Asia Cryptocurrency and Blockchain: Exchanges- Part 1

As you may have read in the last few weeks, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments)Asia Countries ex-China (with commentary on regulations, media sentiments, crypto projects, exchanges, and company developments)Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc)Crypto Projects and Funding Trends Check out our previous pieces on China, Japan, Korea, Singapore, etc. This week, we are discussing Exchanges, specifically the Asian exchanges - Binance, OKEx, Huobi along with those that made headlines in Korea and Japan in the recent months. So many things have happened in the exchange world this past month. Since this is the first of our first monthly series on the topic, we are providing a deep-dive into Exchanges first, and will do another one on Mining in the next monthly series. We also recently saw great reception with our Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore post, and we’ve shared a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. This is part 1 of the 2 of the update this week, and we will be discussing Binance in this post. In the second post of this week’s series, we’ll be discussing OKEx and Huobi and the exchanges happenings in Korea and Japan. Binance The Quick Take How is Binance able to do everything? And what does CZ want? A look at Binance new home in Singapore, its stablecoin strategy, and Binance Info new Gold Label. What’s been happening: Binance in late November began publishing weekly progress updates on Medium, deviating from its monthly update cadence. Indeed, the company had alot to announce, and among them, here are some standout: -In the last month, Binance has accepted a strategic investment from Vertex Ventures, a leading venture capital network backed by LPs like Temasek Holdings, a Singaporean holding company owned by the Government of Singapore. -Additionally, the company just announced that they are holding their first own Binance Blockchain Week with Justin Sun from TRON, NEO founder Da Hongfei, Cumberland Asia, Ripple exec in January 2019. Registration hasn’t open yet. -CZ discussed company’s plans to create its own blockchain, called Binance Chain, that would enable the creation of new currencies and facilitate ICOs similar to Ethereum. In his own words: “Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance Chain ready in the coming months, on which millions of projects can easily issue tokens.” -Another announcement was that Binance is replacing its USDT stable coin with a basket of stablecoins. Specifically, the website now has a stablecoin pair section marked as “USDⓈ”. The company recently added Circle’s USD-pegged stablecoin USD Coin (USDC). Prior to that, it had supported Paxos’ USD-pegged asset dubbed PAX and TrueUSD (TUSD). The support of PAX and USDC could be an attempt for Binance to take market share from the US market as Binance currently does not have an operating entity there. More on that and Binance’s stablecoin strategy below. -Binance Coin gets adopted by Decencentraland. The company has said that Decentraland is one of the few working products in the space - “Binance is supporting blockchain-driven gaming innovations by working with Decentraland. Under this collaboration, you can use Binance Coin to participate in Decentraland’s upcoming auction for virtual land parcels, called LAND. You can then use Trust Wallet, Binance’s official crypto wallet app with a built-in dApp browser, to take part in the LAND auction.” -Another advance is Binance Info, an information portal for coins and tokens. Binance Info has been around since early 2018, and now the project is launching an extension product called the Gold Label verification. Head of Binance Info says: “we hope this project can promote transparency in information, raise the industry standard for quality of information, and help the blockchain space to mature We believe in the power of community and in the choice of users. The trustworthiness of the Gold Label comes from the users.” What’s this all means: Now, we’ve listed all these announcements and launches, what does this all means? First and foremost, Binance is doubling down on Singapore. CZ has been searching for, and has finally found a home in Singapore since Malta. The Singapore government has allowed Binance to create a fiat to crypto exchange, and has shown support by having one of its government affiliates taking an investment in the company. While Malta has indeed been a home for

3 months ago

.@Opera for Android becomes a major Web 3-ready browser supp...

.@Opera for Android becomes a major Web 3-ready browser supporting Ethereum DApps like AirSwap through its built-in… https://t.co/uTpmhgCX8v

3 months ago

Ethereum Classic Price Hits $5 Following Gains Over Bitcoin

It is evident today’s cryptocurrency market momentum may not necessarily yield the results people have been hoping for. Most top markets remain in the red, primarily because they rely on Bitcoin’s momentum first and foremost. The one exception in the top 20 right now is Ethereum Classic. This altcoin is rising in both USD and BTC value, which is rather interesting to keep an eye on. Ethereum Classic Price Retakes the $5 Level Similar to most altcoins, it has been a very brutal year for Ethereum Classic in the price department. Despite hitting $36 at one point, the currency has dropped below $5 in recent weeks. It now seems that trend may be reversing course ever so slightly, as the $5 price has been surpassed once again in the past few hours. The main objective is now to ensure this gain remains in place, and potentially grows even larger in the process. Over the past 24 hours, there has been a noteworthy 2.5% USD value increase for the Ethereum Classic price. It is this gain which allows the altcoin to surpass $5 again. At the same time, this USD gain would not even be possible if ETC had not regained some losses in the BTC department. This currently 7.5% uptrend in that department is the more important statistic to keep an eye on moving forward. If this gain remains in place, things can get very interesting moving forward. On social media, it seems there is a genuine positive buzz surrounding Ethereum Classic right now. For once, it also seems to be less about the price, and more about advancing the ecosystem as a whole. A new introduction to the Emerald SDK has been released today. Efforts like these can attract a lot more blockchain developers to ETC, rather than Ethereum itself. A friendly competition in this regard is always beneficial. ICYMI: The #EmeraldSDK encapsulates all essential Emerald tooling & capabilities in a single interface with no need to worry about tool configuration.#BUIDL on $ETC today! Introduction to Emerald SDK - by @stevanlohja#EthereumClassic #ClassicIsCominghttps://t.co/RMWhT1Ts24 — Ethereum Classic (@eth_classic) December 3, 2018 A similar sentiment is echoed by Socialstriker. Rather than just looking at the Ethereum Classic price itself, it is crucial to see the bigger picture. The network offers efficient transfers of value, and can be quite an effective means of exchange in an IoT-oriented manner as well. There are numerous options waiting to be explored in this department, although with sufficient external developers, no real progress can be made. @ETC allows highly efficient value transfers, has a focus on IoT applications, and runs a mathematically verified Ethereum Virtual Machine. What this means is that #ETC is great at what it sets out to do: be a highly efficient means of exchange that connects the world’s devices. — socialstriker (@socialstriker) December 3, 2018 As is usually the case when altcoins rise in value out of the blue, arbitrage opportunities will become apparent. In the case of Ethereum Classic, there is a juicy loop arbitrage opportunity to take advantage of. Considering how a potential profit of up to 75% can be netted in quick succession, options like these need to be embraced with open arms first and foremost. Hurry! 75.48% loop arbitrage in #OKEx via #Huobi.If you buy #ETC in BTC market from OKEx and convert it to AST in Huobi and sell it on #OKEx. — KoinKnight (@KoinKnight) December 3, 2018 Considering how most of the major cryptocurrencies continue to struggle first and foremost, it is very likely there will be further pressure on the USD aspect of the Ethereum Classic price. In the BTC department, the current gains will need to be sustained or even expanded upon to maintain this value of $5. It will be a rather interesting day in this regard, although the potential outcome remains unclear at this time. 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. The post Ethereum Classic Price Hits $5 Following Gains Over Bitcoin appeared first on NullTX.

4 months ago

AirSwap Publishes the Top Performing Crypto Wallets, Coins and Jurisdictions for November

Ethereum-based peer-to-peer trading network AirSwap has published some fun facts about the crypto landscape in November. According to a tweet, MetaMask was the most popular wallet last month while Ledger was the top hardware wallet. Ethereum wallet Trust scored the top spot for most popular mobile wallet, while Singapore tops the list as the jurisdiction with the most trades. Basic Attention Token (BAT), which recently scored a listing on Coinbase exchange, was the most widely traded cryptocurrency in November. (GT)

4 months ago

AirSwap Fun Facts For November: Most Popular Wallet: @MetaMa...

AirSwap Fun Facts For November: Most Popular Wallet: @MetaMask_io Most Popular Hardware Wallet: @LedgerHQ Most Popu… https://t.co/8my78cpgTi

4 months ago

Coinbase, Ripple, and Other Big Names Invest $13M into Security Token Startup Securitize

CoinSpeaker Coinbase, Ripple, and Other Big Names Invest $13M into Security Token Startup Securitize Securitize is a company that assists other firms with tokenizing assets and traditional securities. The funding round will help Securitize prepare for its planned launch of a Digital Security Offering (DSO) next year. According to the statement, the company believes that decentralized ledgers have the ability to bring instant transactions and transparency to the securities market. Furthermore, Securitize also believes it is the most market-ready compliance platform for primary issuance and lifecycle management of digital securities. This is because it has worked on projects such as 22x, SPiCE VC, and Augmate. CEO and co-founder Carlos Domingo said, that with the new funding, the company also wants to work on their investor relations, increasing liquidity, promoting compliance, and keeping up with their capital. He said: “Not only will they provide support for Securitize as we continue to execute at the highest level of our industry, but they will also be instrumental as we prepare to tokenize Securitize for our Digital Securities Offering.” He added that the opportunity is not just to work with blockchain companies: “These are first movers, but the big opportunity is in digitizing private and public shares 2019 will be the year that you see 10-15 exchanges trading securities in a legal way.” There is a number of high profile companies within the cryptocurrency space that already have invested in Securitize. The startup itself raised $12.75 million in a Series A funding round led by San Francisco-based VC firm Blockchain Capital. Coinbase Ventures, Ripple, NXTP, and Global Brain Corporation have also invested. Brian Armstrong, CEO of Coinbase, had admitted that the exchange was looking to be a de facto marketplace for buying and trading crypto securities. The emergence of Securitize may help realize the dream of tokenizing shares with blockchain to provide more transparency, liquidity, and efficiency. Securitize will be in charge of developing tokens and regulatory compliance in a process called “Digital Security Offering.” Cryptocurrency exchanges, namely Coinbase, will still have a role as trading platforms. Blockchain Capital’s co-founder and managing partner, Brad Stephens, who led the $12.75 million strategic funding round for the digital securities sstartup, will also join Securitize’s Board of Directors. Stephens noted in the press release that “Securitize’s real-time compliance solution solved a critical need for our BCAP security token,” which a token based on the Ethereum (ETH) blockchain and launched in April 2017 through an Initial Coin Offering (ICO). The press release claims that the digital securities market is worth over $7 trillion annually. Other “strategic investors” in Securitize include Donna Redel, the World Economic Forum’s former Managing Director and blockchain professor, and John Pfeffer, formerly a partner at global investment firm KKR. Due to their inclusion during the funding round, the co-founder and managing partner of Blockchain Capital, Brad Stephens, will be a part of the board of directors for Securitize. Other participants in the funding round included Coinbase Ventures, Global Brain, XPring from Ripple, OK Blockchain Capital and NXTP. So far, there are multiple digital securities that the company has been issuing, like 22x, SPiCE VC, Augmate, and the BCAP security token (from Blockchain Capital). Some of the company’s digital securities have already been entered on both the AirSwap and the OpenFinance networks, maintaining compliance with regulations. In the time of writing, from Coinbase came the news that they are losing its policy head at a time when communication between Washington and the digital money sector may never be more important. Michael Lempres, who was named the firm’s policy officer in September after serving more than a year as its legal chief, is leaving to take on a new role at Andreessen Horowitz, according to a statement from the closely held exchange. The venture capital firm was an early investor in Coinbase. Coinbase, Ripple, and Other Big Names Invest $13M into Security Token Startup Securitize

4 months ago

Tonight, @lathamwatkins will host J.P. Morgan blockchain lea...

Tonight, @lathamwatkins will host J.P. Morgan blockchain lead Christine Moy (@cmoyall) and AirSwap co-founder Micha… https://t.co/5bNvThWhjr

4 months ago

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

4 months 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

4 months 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.

5 months 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.

5 months 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™.

5 months 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.

5 months 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.

5 months 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.

5 months 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.

5 months 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.

5 months 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.

5 months ago


News courtesy of berminal.com
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