BitBay BAY

$0.0079
Market Cap $ 8.006 MM (#256)
24h Volume $ 8.692 K
Chg. 24h: 2.13%
Algo. score 3.0/5  (#592)
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BitBay News

With $133m of investment @basisprotocol failed to launch an ...

With $133m of investment @basisprotocol failed to launch an algorithmic #stablecoin. The BitBay 'Dynamic Peg' is a… https://t.co/HKbB9TieKP

a day ago

Bahrain’s Central Bank Issues Draft Crypto Regulations

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf. Also read: New Bitcoin ATM Tracker Site Launches in Russia Addressing Market Demand The regulations have been released for consultation and the bank has set Dec. 31 as the deadline for providing feedback. The proposals have been published on the bank’s website, local media reported. The comprehensive rules cover the implementation of a licensing regime for companies operating cryptocurrency trading platforms. A supervisory mechanism for the providers of other services related to crypto assets has been developed as well. The draft paper addresses the need to introduce measures to safeguard the interests of customers. It also contains technology standards designed to minimize and manage the cyber security risks associated with the nascent industry. In a statement quoted by the Bahrain News Agency, CBB’s executive director of banking supervision Khalid Hamad explained: This regulatory framework will address the demand from the market for these services and the need to recognize this financial innovation. Hamad further commented that the CBB’s experience with the participants in Bahrain’s regulatory sandbox has been “insightful in shaping these rules.” The bank official was referring to Bahrain Fintech Bay, which was established to allow companies from the sector to operate and experiment with new ideas under lighter regulations. Restoring Regional Leadership Authorities in Manama launched the sandbox to boost the development of the fintech industry and increase the number of companies offering related services. At the same time, the initiative was part of efforts to reduce government expenditure through the implementation of new financial technology. In fintech Bahrain sees an opportunity to restore its position as a regional banking and business hub. Bahrain Fintech Bay, which was set up in February of this year, has become home to around 30 companies working with cryptocurrencies, digital payments, blockchain and financial technologies. Other players in the Persian Gulf, including Abu Dhabi and Dubai, are also investing heavily to support the growth of fintech startups. But while Bahrain’s CBB is working to adopt regulations for decentralized, private cryptocurrencies, the central bank of the United Arab Emirates and the Saudi Arabian Monetary Authority have announced plans to issue a government-controlled digital currency. The new “blockchain-backed” coin will be used to improve the efficiency of cross-border transactions between the two neighboring countries. What do you think of Bahrain’s decision to regulate the crypto industry? Let us know in the comments section below. Images courtesy of Shutterstock. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any way you prefer — via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post Bahrain’s Central Bank Issues Draft Crypto Regulations appeared first on Bitcoin News.

4 days ago

Blockchain é uma lembrança da falha da internet

Por: Livecoins Eu me lembro do dia em que me apaixonei pela Internet, assim como me lembro do aniversário dos meus filhos. O verão de 1993; Eu era um reportér no San Francisco Bay Guardian e meu editor me enviou uma história sobre uma convenção de animes em Oakland, California. I perguntei ao organizador se poderia achar alguns otakus (fãs) para entrevistar. “Todos eles aparecem na internet”, ele disse. Eu não possuia acesso à internet, mas possuia um modem e uma conta no CompuServe, que havia utilizado para trocar e-mails com meu tio. Uma hora em um fórum de anime na CompuServe provocou uma reação que mudou minha vida. O mundo online, eu percebi instantâneamente, era uma ferramenta fantástica de reportagens. Eu aprendi mais sobre anime em uma hora do que em uma semana se fosse entrevistar pessoas por telefone fixo. Eu sabia naquele momento que tinha que me aventurar mais na selva da internet. Daquele dia em diante, meu Rodolex parecia ser um entalhado de escritas antigas de pedra. Com uma semana, eu havia descoberto como utilizar a conta da Univesidade da Califórnia de minha esposa, para utilizar Telnet, gopher e FTP em um período pré-web com a “Net”. Durante o ano, saí do jornal Guardian (não sem antes lançar uma matéria de capa “Como se conectar à internet”), e comecei a escrever para uma nova revista chamada Wired. Eu amei a internet desde o início, mas ver 25 anos depois a escrita “blockchain é a nova web” no Twitter, me dá vontade de sacudir meu feed e rosnar: Vocês não aprenderam nada!? E como todos os convertidos de pouco, eu me destaquei instantâneamente como um evangelista exagerado. E por que não? Sonhos que só se encontravam em romances de ficção agora eram realidade: havia uma biblioteca de conhecimento apenas com alguns cliques de distância. Eu estava longe de ser um libertário, mas confesso que concordo com a fala cypherpunk de John Gilmore que “a internet interpreta a censura como um dano e rotas ao seu redor“. Totalitários, grandes coorporações e monopólios de mídia: cuidado! Seus dias como porteiros terminaram! A internet nos libertará. Puxa, eu amei a internet. Mas 25 anos depois, eu vejo as palavras “a blockchain é a nova internet” rolando pelo Twitter e tudo que posso fazer para evitar gritar é: Oh man, eu realmente odeio a blockchain. Eu tenho vontade de sacudir meu feed e segurar seu pescoço dizendo: Vocês não aprenderam nada!? Me chame de apostata, ou talvez apenas um velho, mas se a blockchain realmente é a nova internet, nós estamos ferrados. Vamos tirar algumas coisas erradas do caminho. Eu não odeio a blockchain por questionar os méritos técnicos de um banco de dados descentralizado, protegido por criptografia. Nem odeio a blockchain por conta do como ficou rápido fazer um ICO e isso passou de “uma forma inovadora de levantar capital para uma startp sem vender sua alma para capitalistas de risco” para “quão rápido podemos criar uma geração de scam antes que os reguladores batam na porta do nosso traseiro coletivo?” Eu também não odeio a blockchain porque o bitcoin parece ser, até o momento, a primeira forma de transmitir grandes quantidades de eletricidade para uma especulação, uma commodity de investimentos acelerando as mudanças climáticas. Muitas pessoas inteligentes estão trabalhando com implementações blockchain e muito dinheiro entrou neste espaço. Estou preparado para admitir que várias aplicações úteis irão surgir para fazer minha vida mais conveniente e sem quebrar o planeta. Alguns anos se passaram entre o Mosaic 1.0 e a criação do Spotify, Netflix e iPhone. Ainda pode levar tempo para poder chamar essa inovação de um presente. Não, meu problema tem pouco a ver com a tecnologia atual. Meu problema é com a fé humana na tecnologia. O mesmo tipo de promessa utópica que surgiu nos primeiros anos de internet - “liberdade, justiça e igualdade para a sociedade do futuro” - estão na ponta da língua de todos os mineradores de bitcoin. A paixão pela verdade dos fanáticos estão em toda a parte: “A blockchain vai nos fazer livre“. Mas se tem uma coisa que deveríamos ter aprendido pela história dos últimos 25 anos, é que as redes digitais, computadores e códigos não são soluções para o problema da humanidade. A cada dia que passa, o oposto parece ser mais fácil de ser a verdade. A pressão exercida pela Internet quebrou algumas fissuras sociais que existiam há um tempo. Ao invés de ganhar o acesso a biblioteca de conhecimento da humanidade, nós acabamos como os membros da “Biblioteca de Babel” de Jorge Luis Borges - aquele infinito pesadelo bíblico que acabou com as possíveis interações de rabiscos com livros reais escritos em línguas reais. Ao invés de nos levar a verdade, a Internet deu a todos a oportunidade ímpar de cada pessoa construir o seu próprio universo de conhecimento, catalisando uma separação abrangente da sociedade que provavelmente levou a ascensão de Trump e de uma virada global à propaganda do autoritarismo. Eu respeito o idealismo dos desenvolvedores de blockchain

4 days ago

Bahrain’s Central Bank Issues Draft on Crypto Regulations, Nations Attempts To Become “Crypto Oasis”

Regulations have been a critical hurdle that limited growth and adoption of cryptocurrency across the globe. But as cryptocurrencies are getting popular and the positives of it becoming more visible, regulators are trying their best to regulate it than eliminate it. The recent addition to this list is Bahrain, where the Central Bank has issued draft rules to regulate cryptocurrencies. Bahrain crypto regulation to bolster Fintech in the country According to the news published in the National, Bahrain’s central bank has issued draft rules on the trade in cryptocurrencies for consultation, setting up a framework to regulate virtual currencies as GCC countries look to increasingly tap into such assets. With regards to the same Bahrain News Agency quoted Khalid Hamad, Executive Director of Banking Supervision saying that “This regulatory framework will address the demand from the market for these services and the need to also recognize this innovation in financial services. The CBB’s [Central Bank of Bahrain] experience with the participants within the Regulatory Sandbox was insightful in shaping these rules,” The “sandbox” in the statement refers to Bahrain FinTech Bay which made for companies to test ideas under tighter regulations. These guidelines are released with an aim of boosting the number of companies as part of diversification efforts to reduce government expenditure through technology. The comprehensive draft regulatory framework introduced by the CBB will cover requirements for licensing, financial resources, as well as measures to safeguard client or customer interests, technology standards, and cybersecurity risk, management measures, the statement added. The draft consultation paper is available for viewing on the central bank’s website. The CBB is open to feedback on the draft rules until year-end. Bahrain has been laying special emphasis to bolster fintech revolution in the country- the creation of Fintech Bay is one of those initiatives. The FinTech Bay, inaugurated in February, is home to about 30 firms working on cryptocurrencies, the blockchain, digital payments, and other financial technology. The Middle East has slowly become an attractive destination for Startups due to the availability of superior infrastructure and geographical proximities. According to the latest report by Wamda Research Lab, the number of MENA startups is expected to more than double by 2020 from 2015. And it’s not just Bahrain, Abu Dhabi and Dubai are investing to boost the growth of FinTech start-ups. With regulations in place, Will Bahrain become the “Silicon Valley “ for crypto businesses? Do let us know your views on the same. The post Bahrain’s Central Bank Issues Draft on Crypto Regulations, Nations Attempts To Become “Crypto Oasis” appeared first on Coingape.

4 days ago

Bahrain Develops Draft Rules for Regulating Cryptocurrencies

The Central Bank of Bahrain (CBB) has established draft rules on regulations of digital assets since GCC countries are increasingly tapping into these assets. Per Bahrain's executive director of banking supervision Khalid Hamad, this regulatory framework has been shaped through CBB's interaction with Bahrain FinTech Bay. Bahrain FinTech Bay allows firms to test their ideas while working under light regulations with the intention of boosting the number of these companies. CBB's comprehensive framework will cover investor protection, technology standards, management measures for cybersecurity, licensing, and financial resources. CBB has posted these draft rules on their website and expects feedback before the end year. (VK)

4 days ago

The BitBay 'dynamic peg' is a decentralized model that preda...

The BitBay 'dynamic peg' is a decentralized model that predated @basisprotocol ! This is already coded and running… https://t.co/wSw4zQnuOj

5 days ago

We are pleased to announce the official BitBay website is no...

We are pleased to announce the official BitBay website is now available in Polish! https://t.co/t5Cw4mtZEl #bitbay… https://t.co/gaj3Z3Bd0M

8 days ago

How to Find Highly Undervalued Cryptocurrencies (like BitBay...

How to Find Highly Undervalued Cryptocurrencies (like BitBay) https://t.co/WpMvT9kYi2 #BitBay #Bitcoin… https://t.co/57I1m0572R

8 days ago

Opinion: Why Bitcoin Will Be Just Fine

Several key events will take place on the digital money market next year that can seriously affect the situation in the crypto and Bitcoin community. In 2018, the prices of cryptocurrencies have been continuously decreasing, and Bitcoin (BTC) 00 has already fallen in price by 80% from $20,000 to $4,000. The total capitalization of the blockchain industry has decreased by 84%. If, in January, the market cap was $830 billion, then by the end of November the figure fell to $130 billion. Recently, interest in cryptocurrencies has been growing again and the market has risen to its values of April this year. The attitude of users towards digital currencies has undergone changes as well. According to Google Trends, most people are now wondering whether the bubble has burst, whether the current situation will lead to the depreciation of digital currencies and their ultimate downfall, given that the mood on the market is not very positive. Bitcoin has repeatedly dropped in price quite steeply, and if we compare its charts from 2018 with the values of 2014, we can see that the industry is currently in a similar situation that it was in four years ago. But, this situation applies only to the prices of cryptocurrencies. Much has changed since then in terms of market development, as governments have started regulating the digital industry, while some like the Chinese authorities have banned it altogether. Large financial institutions are constantly announcing plans regarding the launch of cryptocurrency-related products and integrating blockchain in their current business model. In September global banking giants UBS Group AG, Santander, Deutsche Bank, Bank of New York Mellon Corporation, and the British broker ICAP, teamed up to issue a new digital currency based on blockchain technology, which is supposed to be used for performing bitcoin transactions. However, the industry is only at the dawn of its development, so there are many obstacles that are preventing companies from entering the market. On September 20, the representatives of large Russian banks declared their readiness to work with cryptocurrencies, but they cannot start rendering such services due to the lack of regulation in the country. The banks officials also stated that there is considerable customer interest in digital currencies, and announced active testing of blockchain technologies. Many large organizations are preparing to enter the cryptocurrency market in 2019. These events can significantly change the situation in the industry, and the price of Bitcoin will rise once again, as predicted by such well-known experts like head of Fundstrat Tom Lee with his $15,000 mark forecast, Chairman of the New York Stock Exchange Jeff Sprecher with his “Bitcoin and digital assets are here to stay” appeal, and billionaire Mike Novogratz. The latter believes the market may see new highs in 2019: “I fundamentally think you’re going to see big adaption in 2019, 2020,” he said. “Lots of the items in the digital world, the e-gaming space, are low value items so I think people will be more comfortable participating in blockchain.” Bakkt — a Platform For Institutional Investors The operator of the New York Intercontinental Exchange (ICE) is preparing to launch Bakkt, a platform for institutional investors. Its first product will be Bitcoin futures with physical asset backing. The plan was that the platform would start working on December 12, 2018, but the start had to be postponed to January 24, 2019, due to the large influx of customers. At the end of November, head of Bakkt, Kelly Lefler, said that the current value of Bitcoin is not important for the company. In her opinion, it is now important to compensate for the missing infrastructure elements and unimplemented application scenarios, which will positively affect the development of the industry. Asked if price is important, Kelly Loeffler, CEO of @Bakkt, says it is immaterial to what the new platform is working on: "The price is being expressed but there’s a lot of missing infrastructure and use cases." #ConsensusInvest — CoinDesk (@coindesk) November 27, 2018 Fidelity Investments The Fidelity Investments holding company, which manages assets worth $2.1 trillion is launching its own cryptocurrency investment platform. The organization will not open an exchange for trading digital currencies, as it is preparing to release products for storing large volumes of assets of institutional investors who are interested in the industry. According to Fidelity President, Tom Jessop, market analysts, hedge fund managers, and family capital management divisions are actively involved in the development of cryptocurrency-related products and instruments. As such, the expert believes that the situation in the industry can change for the better. Bitcoin ETF and SEC The US Securities and Exchange Commission (SEC) is studying an application to launch a Bitcoin ETF from the SolidX cryptocurrency startup, which filed the applic

17 days ago

XRP could be great for providing rapid liquidity, says CEO of OMNI - Ripple’s xRapid customer

Thomas McLeod, CEO and Co-Founder of OMNI, a renting service in San Francisco Bay Area and Portland, spoke about OMNI, during the latest episode of The Ripple Drop. He also spoke about his experience of introducing XRP as another option for cash outs apart from USD, on their platforms. The CEO started by speaking about the platform key role, stating that their main objective is to connect the whole world through “things”. McLeod added that their initial idea was of storage and collecting things and currently, they are building an entire rental marketplace. He went on to say: “so there’s a world in which everything that you have you should be able to connect with other people and other people should be able to use those things as well so if you have a bike and you’re not using it someone else can use it when you’re not using it. and now you can also make money on top of that” McLeod further spoke about the company integrating XRP on their platform and the impact it has on its users. He remarked that on a long time vision, they see themselves as a bank, and instead of having assets like the dollar and yen, the platform has bikes, books and equipments, which are “actually assets.” The CEO further added: “It became very clear that this could be a great tool for both providing vast rapid liquidity for sort of cashing out the capital that you make through the rental side as well as in the future connecting individuals quickly with those assets.” Furthermore, Ethan Beard, SVP at Ripple, spoke about xSpring and its use case. He stated that Xpring is an initiative that focuses on the new use cases for XRP and XRP Ledger outside of cross-boarder payments. Beard went on to say: “So, for Xpring we’re focused on on a couple different things. As I mentioned XRP payments is an important one think the other that we’re spending some time doing into is looking at the tokenization of real-world assets” Finally, Miguel Vias, the Head of XRP Markets at Ripple, stated that the new use cases of XRP are “incredibly accretive” to global growth of liquidity and mostly for XRP. He said: “For XRP if it’s being used in those flows if you look at other markets the driving force of FX liquidity is not speculation, it’s not liquidity provisioning by market participants it’s the use of that liquidity by real businesses the more liquidity you have the tighter spreads the more efficient xRapid and XRP end up being” The post XRP could be great for providing rapid liquidity, says CEO of OMNI - Ripple’s xRapid customer appeared first on AMBCrypto.

18 days ago

Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency enjoys the bullish sunlight as bear is kept at bay

The bear’s influence on the market has been challenged by the bull with the week seeming relatively better for the cryptocurrency market in terms of the price. Bitcoin [BTC], which had undergone a reality check over the past few weeks, saw its support crumbling below the $4000-mark, sending a panic shockwave throughout the community. 1-hour The one-hour Bitcoin chart shows how the cryptocurrency has consistently dropped from its sideways peak following the rapid bear attack. The downtrend that occurred saw BTC fall from $5,505 to $3,964. The support has been holding at $3,599.89 while the immediate resistance is at $5,563.49. The Relative Strength Index [RSI] indicates that Bitcoin, after breaching the overbought barrier, has fallen back into the overbought-oversold clamp. This is a sign that although the buying pressure has decreased, it is still substantially more than the selling pressure. The Chaikin Money Flow [CMF] indicator for Bitcoin has consistently maintained above the zero line. This means that the money coming into the market is greater than the money flowing outwards. 1-day The one-day graph provides a bleak picture that shows the aftermath of the bear attack. The first downtrend saw Bitcoin falling from $7354.93 to $6507.5 while the recent crash brought the price down to $3965. The support for the cryptocurrency was created recently, holding at a lowly $3,742.23. The MACD indicator shows the bear’s prowess with the histogram slowly picking up after staying negligible for quite some time. The signal line, on the other hand, has taken a small deviation towards the deviation that may result in a crossover with the MACD line. This is a sign of a short-term bullish spike. The Awesome Oscillator displays a similar characteristic to the MACD indicators, with the bearish momentum putting a break on a momentum lull. Conclusion The week has been relatively better for Bitcoin compared to the previous few days. All the above-mentioned indicators read bullish in the short-term, but it looks like the bear will reign supreme in the long run. The post Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency enjoys the bullish sunlight as bear is kept at bay appeared first on AMBCrypto.

19 days ago

v1.36 of the BitBay marketplace client is now available to d...

v1.36 of the BitBay marketplace client is now available to download. This update includes small bug fixes and impro… https://t.co/0jpWFPnFDc

21 days ago

American SIM Swapper Arrested For Stealing $1 Million In Crypto

Authorities in California have arrested a 21-year old New Yorker for stealing $1 million worth of cryptocurrencies using SIM swapping. It involves the theft of a user's phone number to gain access to their accounts, including cryptocurrency exchanges. The suspect, Nicholas Truglia targeted wealthy Silicon Valley executives in the Bay Area. He previously made the news when he claimed that his friends made violent attempts to steal his cryptocurrencies. California authorities flew over to New York to arrested him, and recovered a hardware wallet which had $300,000 of the stolen funds. (VS)

a month ago

Congratulations to the winner of the BitBay 4th anniversary ...

Congratulations to the winner of the BitBay 4th anniversary giveaway!! 4000 BAY will be on it's way to @yazenamind… https://t.co/fJifHNsWGv

a month ago

@hmichellerose A web version of the BitBay marketplace featu...

@hmichellerose A web version of the BitBay marketplace featuring Double Deposit Escrow and... a fully decentralised… https://t.co/g8a1DsZDMb

a month ago

Today we release another update to the BitBay Qt wallet with...

Today we release another update to the BitBay Qt wallet with new GUI features in preparation for the upcoming Dynam… https://t.co/r5jHllY5il

a month ago

World Blockchain Roadshow by IDACB is Back to Singapore

CoinSpeaker World Blockchain Roadshow by IDACB is Back to Singapore No mystery as to most blockchainers strive to Asia these days and a half of crypto assets are located precisely in this region. Being one of the most developed and crypto-friendly cities Singapore turned out to be the main destination of ICO holders and investors. According to the ICO Bench statistics Singapore is the second country by the number of ICOs and the third one by raised funds. In summer 2018 World Blockchain Roadshow gathered 10 ICO projects and 60+ prominent investors in Singapore. This was the very city of the most successful deals and momentous meetings. All the participants admitted that Singapore was the best place for business development. Therefore IDACB armed with growing experience and extended contact base decided to reproduce the event half a year later. Two Pitch Sessions, giving ICO teams an opportunity to promote their projects, will be held during the meeting. Participants will have an opportunity to communicate one by one on Coffee-break and during the prearranged Networking time. Stand a chance to make the most successful deal in your blockchain career! Join World Blockchain Roadshow in Marina Bay Sands on November, 22. About IDACB IDACB is the largest International Decentralized Association of Cryptocurrency and Blockchain which includes more than 95 states for now. Its concept is to connect crypto and blockchain community and various countries’ officials to work out a unifying approach for international legislation on cryptocurrencies and blockchain. The members of the Association are the first-Class Counsellors, recognized experts of blockchain technology market, national and professional Associations of participating countries and representatives of the professional community. IDACB systematically organizes blockchain events. World Blockchain Roadshow which has gathered more than 1000 participants all over the world is one of them. World Blockchain Roadshow by IDACB is Back to Singapore

a month ago

A huge thank you to everyone who took part in the BitBay 4th...

A huge thank you to everyone who took part in the BitBay 4th anniversary giveaway! We'll be announcing the winner o… https://t.co/2GmLrBhiab

a month ago

An important update regarding the BitBay official roadmap an...

An important update regarding the BitBay official roadmap and goals for 2018/2019 https://t.co/qG7urvlxlt #bitbay… https://t.co/bg4JzNSPE5

a month ago

The foundation of BitBay is a smart contract that governs th...

The foundation of BitBay is a smart contract that governs the release of funds from a double deposit escrow account… https://t.co/dHVzoEsxlB

a month ago

Learn how you can put trust back in the system, thanks to Bi...

Learn how you can put trust back in the system, thanks to BitBay smart contracts and BitBay decentralized voting:… https://t.co/faQVsAJRnq

a month ago

Head of IMF Highlights Central Bank Digital Currencies

Speaking at the Singapore Fintech Festival, Christine Lagarde highlighted the fast-growing Fintech industry and the part cryptocurrencies have in it. She referred to Central Bank Digital Currencies (CBDC) being opted for by the international community. Lagarde shared that cryptocurrencies will help the unbanked in remote areas and help in the digital payment transformation. She even touched on the importance of anonymity especially for credit scores to be fair to individuals. However, anonymity can cause problems due to criminal activities. Her hope of an anonymous system of cryptocurrencies blended with countries is through Central Bank Digital Currencies (CBDC). These CBDC’s is in a system where authentication is needed of a customer’s due diligence procedures and transactions recorded. Thus identities would not be disclosed. It will keep crime at bay as anonymity will be lifted if suspicion arose. Her speech follows IMF’s report titled ‘Casting Light on Central Bank Digital Currencies’ The report expanded on CBDC’s, why central banks might issue CBDC’s, and how they will design it. Initial discussion of CBDC was started with the Bank of England, followed by the central bank of Sweden and the central bank of Uruguay close to implementing these CBDC’s. Zerocrypted Opinion Cryptocurrency influencers such as Anthony Pompliano tweeted about Lagarde’s speech about Central Bank Digital Currencies. The Head of the IMF gave a speech today that legitimized cryptocurrencies. She said state-backed digital currencies could provide financial inclusion, security & consumer protection, and privacy in payments. The virus is spreading and now the IMF is infected! 🚀 — Pomp 🌪 (@APompliano) November 14, 2018 His tweet contained Lagarde’s positivity on cryptocurrencies for financial inclusion, security & consumer protection, and privacy in payments. However, there is a potential problem if central banks do get in the picture of cryptocurrencies. It will lead to tighter regulation, which in turn leads to transactions become costlier and slower. Nevertheless, companies that want to make use of Blockchain technologies will want a more regulated space of the digital currencies, and so they might be pleased with central banks adopting the idea. Image Source - Flickr The post Head of IMF Highlights Central Bank Digital Currencies appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

a month ago

Crypto Music Festivals Are Setting a Precedent for Future Gatherings

Last month, Bitcoinist reported on Our Music Festival (OMF), a cryptocurrency music festival held in Berkeley at the end of October. OMF’s crypto environment sets a precedent for future festivals like South by Southwest, which will host a series of crypto-related events and talks next year. The University of California at Berkeley served as the site of Our Music Festival (OMF) on October 20th. Berkeley’s Hearst Greek Theater — named after media magnate William Randolph Hearst — served as the stage for the event. The Greek Theater is a historic venue, having hosted a spectrum of names over the years from the Teddy Roosevelt to the Dalai Lama, the Grateful Dead to the Berkeley Jazz Festival. Why not add a crypto music festival to the list? Party On By all accounts, the festival appears to have been a success. According to Zara Stone of Forbes, 8,000 people showed up to the Greek to take part in the collective crypto experience. Stone attended the festival, and she illustrates the kaleidoscopic scene at-length in her article. The line-up for OMF announced in early August included a Zedd headlining set, as well as sets from Big Sean, Matt and Kim, and Charlotte Lawrence. Excited to introduce your debut #OMF lineup featuring @Zedd, @BigSean, @3lau, @mattandkim and @charlottelawr!! Get your tickets FIRST during our #crypto presale at https://t.co/Uw5mqFDJbz. We’re accepting #BTC, #ETH, #BCH and #LTC. General on sale starts tomorrow at 10AM PST! pic.twitter.com/7YZeLp2Y1x — OUR Music Festival (@OURMusicFest) August 2, 2018 Producer 3LAU — who also performed his own DJ set — teamed up with promotion company Prime Social Group, as well as SingularDVT, a “blockchain entertainment” company. Together the trifecta succeeded in packing the Greek Theater. Stone said that “During 3LAU’s set, the DJ made a plea for more ‘people to get on the blockchain ’” That time we threw our own festival in the bay... @OURMusicFest pic.twitter.com/SkBT0mibEo — ▽ (@3LAU) October 21, 2018 While the party was clearly incredible, the festival’s underlying focus on crypto made it especially unique. For the occasion, the organizers introduced the OMF Token. The original Berkeley ticketing page for the event notes that the token was introduced in hope of: creating the first decentralized music festival network powered by a cryptocurrency (OMF Token) that will be redeemable for products, services, and experiences (physical, digital & virtual) within the network. The network will be comprised of OMF branded events and partnered festival events. OMF will establish the gateway for all transactions between consumers, artists and event organizers that participate in festival ecosystems The festival also incorporated its own OMF app which could be used to tokenize festival-wide QR codes. The app was created by Interstellar, “ a new company formed by Chain and Lightyear to make building and operating on Stellar even easier.” @OURMusicFest IS TODAY And we built one of the first consumer driven crypto mobile-apps with @go_interstellar to issue rewards to attendees with $XLM tokens! Download: https://t.co/07v0gu53q2 pic.twitter.com/rOTBDtJmts — OUR Music Festival (@OURMusicFest) October 20, 2018 Quest for the Fest OMF is a unique case in the rich and often innovative history of the American music festival. However, a handful of festivals — like South by Southwest Festivals & Conferences (SXSW), a multimedia festival in Austin, Texas — have begun to incorporate crypto elements. The 2019 South by Southwest event, which will be held between March 8th and 18th, encompasses music, film, and tech, and more. SXSW also includes a series of conferences, workshops, and panels that run along particular topical ‘tracks.’ This portion of SXSW will hold a handful of crypto-centered events. These include idiosyncratic selections like “Crypto Crime: How to Steal Cryptocurrency,” as well as more practical choices like “The Arsenal of a Blockchain Developer.” Crypto motifs were even been spotted at this year’s Burning Man festival in the form of a Bitcoin (BTC) 00 sculpture protruding from a group of tables. Burning Man organizers even accepted bitcoin donations in 2014. Ironically, Burning Man’s intentional community is based entirely on a barter economy. Perhaps in the future, festival giants like Bonnaroo and Coachella will join the party. Until then OMF remains not just the first, but the only full-fledged crypto festival. A Shared Heritage The merging of crypto and festival culture tells a story about a shared set of values. Both cultures strive to rethink the status quo by introducing creative and experimental alternatives to traditional ways of doing things. These values are reflected in Berkeley’s Bay Area locale, which historically represents the birthplace of both large music festivals, and Silicon Valley tech culture — both rooted in the countercultural values of the 1960’s. There is no word yet on whether Our Music Festival will become a Bay Area fixt

a month ago

CryptoBlockCon Las Vegas announces participation from IBM, Boustead Securities, SoftUni, NKB Group, FANchise, and more

Event agenda & first speaker lineup announced for CryptoBlockCon’s Flagship Las Vegas Event, With Participation from IBM, Boustead Securities, SoftUni, NKB Group, FANchise, and more. The future of Blockchain is top of the agenda CryptoBlockCon Las Vegas, taking place December 11-12 at Mandalay Bay. The company’s flagship event will feature two full days of panel discussions, keynote presentations, proof-of-concept presentations, on two separate stages in the Palm Foyer at Mandalay Bay in Las Vegas. Tickets are available on the CryptoBlockCon website. The event will feature keynote presentations from David Chaum, CEO & Founder of Elixxir, whom many recognize as the inventor of digital cash, and Shawnna Hoffman, Global Cognitive Legal Co-Leader, Watson AI & Quantum Computing, Global CoC at IBM, with panel discussions discussing the restoration of our digital identity & privacy, and blockchain protocol considerations: governance, scalability & cost. Representatives from IBM, Blockchain Consultants, Boustead Securities, FANchise, SoftUni, amongst others will be in attendance to showcase how companies are using blockchain technology in a variety of industries. Addressing common challenges for industries to understand, develop and succeed in the area of blockchain and crypto assets, the event will bring together world leaders across industries, from finance to healthcare, entertainment, compliance, and more. CJ Smith, Co-Founder at CryptoBlockCon, said: “CryptoBlockCon’s mission is to be a platform to connect industry participants to assist in the adoption and implementation of blockchain technology. Our team has decades of event experience, and we work hard to assure that our attendees can draw value from each presentation and panel discussion. No one wants to pay to attend an event, and be pitched projects for two days, in essence paying to be the product.” He further added: “Every December we head to Las Vegas for our flagship event, with two full days of content and two stages. We are excited to see so many representatives from across the world come together to look at how the sector will continue to evolve.” Topics up for discussion in Las Vegas will include: Banking and Commerce in the Developing World Blockchain Investment Strategies: 2019 and Beyond Blockchain in Management: Hospitality & Events Anticipating Mergers & Acquisitions in Blockchain Plus, much more. View the full agenda for CryptoBlockCon Las Vegas here. To stay up to date with CryptoBlockCon news and industry happenings, sign up for the CBC newsletter on the contact us page on CryptoBlockCon.com. We’ll see you in Las Vegas! 2018 Sponsors Interprom CitiCash KamaGames Review Network Beaxy Kinect Galleon Quest Kidcoin UUNIO Bitfinance VRBex SSUsecure 2018 Partners Cointelligence CoinStructive Ascent Conference Smartereum Blockchain Beach BTC Media Bitcoin Magazine yBitcoin Distributed Innovation & Tech Today Blokt Block Explorer Newcoins168.com Panony ICO Holder Light Node Media Blockchain Weekly Cryptopulse Cryptovest CryptoFund Research AMBCrypto Home of Crypto CryptoCoins Zone ICO Discount Club Future Times Upcoming CryptoBlockCon Events: Las Vegas, December 11-12, 2018 Los Angeles, April 3-4, 2019 Learn More: Website Portal Connect with CryptoBlockCon on social media: Twitter LinkedIn Facebook YouTube The post CryptoBlockCon Las Vegas announces participation from IBM, Boustead Securities, SoftUni, NKB Group, FANchise, and more appeared first on AMBCrypto.

a month ago

Monero (XMR) topples Tether (USDT), BAT falls further by 6%

Something interesting has been going on in the cryptocurrency market in the last 24hrs. Monero (XMR) as of yesterday was the world’s tenth largest cryptocurrency token, in a twist of events in a 24hr time period, the token has not only squashed its opponent Tether (USDT) to become the ninth largest cryptocurrency bay a large margin but has also attained an impressive price volume while it gathers momentum to overthrow its next competitor. As of Nov 11th, Monero had descended by 2.67% and was trading at a price of $103.36. Right above Monero, Tether’s trading price sat at $0.998064 after attaining slight gains of 0.38%. It didn’t take too long for Monroe to crawl its way up once its trading volume began to swell. The token moved up by a percentage of 2.10, pushing its trading price to $105.80. An upsurge in trading volume kicked Monero’s marketcap from $1.71 billion to $1.75 billion against Tether token whose market cap was at $1.77 billion but has now declined to $1.69 billion. Traders from exchange giants Binance and Bithumb can be credited for the token’s current trading price. Bithumb trading pairs against the South Korean Won (KRW) totaled at $530.49 million, while Binance trading pairs of Monero against Bitcoin rounded up at $4.30 million. Cardano (Ada) which has fallen by 1.61% might be knocked out by Monero as the token continues to skyrocket. Meanwhile, BAT has continued to suffer huge losses since its listing on both CoinbasePro and Coinbase.com. The token has moved from the 29th spot in the last seven days to sit at the 34th position. From a trading price of $0.316637 upon Pro’s listing, BAT now trades at $0.249006 as of this writing. Declining by 4.43% in the last 24hrs, BAT is still struggling to maintain stability. The post Monero (XMR) topples Tether (USDT), BAT falls further by 6% appeared first on ZyCrypto.

a month ago

Crypto Week In Review: SEC Fines EtherDelta, Binance To Attract Institutions

The crypto market may have stagnated, but this industry’s innovators have continued to incessantly beat the “BUIDL” drum, as pro-crypto developments were as present as ever throughout the past week. Crypto-Friendly Governors Elected In Colorado, California To many crypto savants, the modern political scene, which promotes centralization and censorship in some cases, is far from a topic of importance. But, as Tuesday’s U.S. midterm results have rolled in, the ears of cryptocurrency enthusiasts have metaphorically perked, as it was revealed that two pro-Bitcoin/crypto politicians have been sworn into office in the nation’s highest levels of government. Colorado’s Jared Polis (Democrat), who is America’s first openly gay governor, was the first crypto-friendly politician to be elected into Congress. Polis, who is arguably one of the most progressive governors on America’s political stage, has long been a fan of cryptocurrencies and is open to aiding the asset class on a regulatory stage. In 2014, the Boulder, Colorado native explained that he would do everything in his power to hamper the propagation of anti-Bitcoin policies, whether it be through rallying against governmental agencies or touting the benefits of crypto assets and its associated technologies. And even in spite of the relative age of the aforementioned claim, the politician’s pro-crypto views have persisted well into 2018, even to this day. In February of this year, NewsBTC reported that the Colorado governor requested for Congress to draft a guideline for crypto holding disclosures. Although this could be seen as an anti-crypto move, especially considering that this industry values pseudonymity, at the time, the lawmaker claimed that the growing legitimacy of crypto necessitated the body to take appropriate action. Alongside Polis is Gavin Newsom (Democrat), one of the first politicians to open his war chests to accept Bitcoin (BTC). Newsom, similarly to Polis, is now governing California. Considering that California is a hotspot for innovation, with the Bay Area and Silicon Valley being world-renowned for its proclivity for all things tech (crypto included), Newsom’s office could catalyze the widespread use of blockchain technologies and crypto assets in the region. Although two is far from a crowd, and Newsom’s acceptance of BTC donations is far from all-in, these governors could be the match that sparks regulatory change in favor of crypto assets. Binance Aims To Attract Institutions Although Binance is primarily for being the biggest crypto exchange platform in the world, on Thursday, the Malta-based company revealed that it would be launching Binance Research, a division focused on providing consumers with “quality analysis on cryptocurrencies and the blockchain projects they represent.” The launch of its new arm, which was preceded by Binance Info and Binance Academy, will allow the company to embark further on its goal to spread the good word of blockchain technologies. And, as put by an official blog post pertaining to the matter: “The main goal is to increase transparency and accuracy of information in the cryptocurrency and blockchain space. We believe delivering consolidated, comprehensive reports for cryptocurrency tokens and projects will be a huge step forward in leading the blockchain community to deeper understanding and more insights.” Just a day after the startup’s aforementioned announcement, Binance revealed its plans to lay the groundwork for the arrival of institutional investors and the capital that they manage. In an announcement outlining Binance’s plans, it was explained that the firm intends to further its ambition to build the technological foundation for institutional adoption, while also offering unique benefits and rewards for Corporate Accounts. SEC Fines EtherDelta Founder, Regulatory Concerns Mount In a regulatory action straight out of left field, the U.S. Securities and Exchange Commission (SEC) has formally charged Zachary Coburn, the founder of EtherDelta, for operating an unregulated and unlicensed securities exchange. Per a press release from the governmental agency, EtherDelta’s move to support ICO Ethereum-based tokens, which the SEC classifies as securities as per the agency’s 2017 DAO report, resulted in this harsh regulatory stance. Although supporting ICO tokens may be fine in some cases, EtherDelta was never officially registered or licensed with the SEC. Stephanie Avakian, Co-Director of the SEC’s Enforcement Division, spoke on the matter, noting: “EtherDelta had both the user interface and underlying functionality of an online national securities exchange and was required to register with the SEC or qualify for an exemption.” Coburn will reportedly have to pay a $300,000 disgorgement fee, along with $13,000 in prejudgment interest and a $75,000 penalty, to satisfy the SEC’s needs. However, some have argued that Coburn essentially got off scot-free, as he was fined a total of $388,000 for facilit

a month ago

🎉 BitBay is 4 years old today 🎂 To celebrate this we’re giv...

🎉 BitBay is 4 years old today 🎂 To celebrate this we’re giving away 4000 $BAY to one lucky winner! Simply retweet… https://t.co/NXLaLmwhhv

a month ago

Learn how BitBay can be used in any situation where money or...

Learn how BitBay can be used in any situation where money or value changes hands: https://t.co/szkpxNqlaW… https://t.co/eIuIsGU4FF

a month ago

Bitcoin Price Analysis: BTC/USD Buyers Ready to Return Here?

Bitcoin has been trending higher in an ascending channel seen on its 1-hour time frame and bounced off the top. This suggests that a pullback to support may be in order, and the Fibonacci retracement tool shows more potential support zones where buyers might be waiting. The 50% level seems to line up with the channel bottom around the $6,480 area and it also coincides with an area of interest or former resistance turned support level. If it is enough to keep losses at bay, Bitcoin could bounce to the channel resistance near $6,600 or at least until the mid-channel area of interest at $6,550. The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside or that the rally is more likely to resume than to reverse. In addition, the 100 SMA dynamic inflection point lines up with the 50% level and the 200 SMA lines up with the 61.8% Fib, which might be the line in the sand for this uptrend. Stochastic is still pointing down to indicate that sellers have the upper hand, but exhaustion could be seen soon as the oscillator approaches oversold territory. Turning higher could lead to a bounce if buyers are able to regain control. RSI has more room to head south so Bitcoin could keep following suit and see a larger correction. Bitcoin has drawn support mostly from a more positive outlook in Morgan Stanley’s report and also remarks from Overstock’s CEO. Patrick Byrne told crypto YouTube vlogger Naomi Brockwell: People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that. So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto. Apart from that, expectations for the ICE Bakkt Bitcoin futures, the SEC decision on Bitcoin ETF applications, and the launch of Fidelity’s institutional platform are also keeping Bitcoin afloat. Images courtesy of TradingView The post Bitcoin Price Analysis: BTC/USD Buyers Ready to Return Here? appeared first on Live Bitcoin News.

a month ago

BitBay is on the brink of returning freedom to people, thank...

BitBay is on the brink of returning freedom to people, thanks to its innovative solutions. Learn how:… https://t.co/76jY7C0GjZ

a month ago

U.S. Midterms: Bitcoin-Friendly Politicians Elected in Colorado, California

To many crypto savants, the modern political scene, which promotes centralization and censorship in some cases, is far from a topic of importance. But, as Tuesday’s U.S. midterm poll results have started to roll in, the ears of cryptocurrency enthusiasts have metaphorically perked up, as it was unexpectedly divulged that pro-Bitcoin/crypto politicians have been sworn into office in the nation’s highest levels of government. Pro-Bitcoin Jared Polis & Gavin Newsom Elected As U.S. Governors Amid the mainstream media’s coverage of the U.S. midterms, which has become the western world’s flavor-of-the-month, key details important to crypto advocates have slipped far under the radar. But, Francois Pouliot, a Quebecois-Canadian Bitcoin proponent, has sought to change this, doing his utmost best to raise his digital voice over a clamoring crowd of commentators. On Tuesday night, Pouliot, a self-proclaimed “skin-in-game Bitcoin entrepreneur,” took to his Twitter page, which sports 40,000 dedicated followers, to announce that Colorado’s Jared Polis (Democrat) has been elected into Congress via the democratic process. Congratulations to early Bitcoin advocate @jaredpolis on being elected Governor of Colorado! "Polis said that he will use his powers in Congress to fight against any attempts by the government to enact policies that restrict the growth of bitcoin" - 2014 pic.twitter.com/LOjTsYwiyK — Francis Pouliot (@francispouliot_) November 7, 2018 So why does this pertain to crypto? Well, Polis, who is arguably one of the most progressive governors in America’s political environment, has long been a fan of cryptocurrencies and is open to aiding the asset class on a regulatory stage. In an exclusive interview with CoinDesk just months before 2014’s midterms, the Boulder, Colorado native explained that he would do everything in his power to hamper anti-Bitcoin policies, whether it be through rallying against governmental agencies or touting the benefits of crypto assets. Furthering this sentiment, speaking from the point of view of an innovator, Polis added that “it’s about time” for cryptocurrencies to rise to prominence. And in spite of the relative age of this interview, the politician’s pro-crypto views have persisted well into 2018, even to this day. In February of this year, NewsBTC reported that the Colorado governor requested for Congress to draft a guideline for crypto holding disclosures. Although this could be seen as an anti-crypto move, especially considering that this industry values pseudonymity, at the time, the lawmaker claimed that the growing legitimacy of crypto necessitated the body to take appropriate action. Regardless of the fallout caused by his request, the bottom line is that Polis is seemingly poised to tackle Congress’ crypto issues head-on. Pouliot, following up on his aforementioned tweet, issued another message just half-an-hour later, making it apparent that Polis isn’t the only Bitcoin-friendly politician to be voted in as a governor. Gavin Newsom (Democrat), one of the first politicians to open his war chests to accept Bitcoin (BTC), has been elected as California’s new governor. Congratulations to early Bitcoin adopter @GavinNewsom on being elected Governor of California! "I should promote the technology ever so subtly by saying I'll accept bitcoin in the campaign". "I'm ready for it". "But how the hell do I explain it to anybody?" - 2014 pic.twitter.com/4RLGa9BdMf — Francis Pouliot (@francispouliot_) November 7, 2018 Considering that California is a hotspot for innovation, with the Bay Area and Silicon Valley being world-renowned for its proclivity for all things tech (crypto included), Newsom’s office could catalyze the widespread use of blockchain technologies and crypto assets in the region. In 2014, Newsom, remaining cautiously optimistic on Bitcoin, claimed: “I should promote the technology ever so subtly by saying I’ll accept bitcoin in the campaign... I’m ready for it, but how the hell do I explain it to anybody?” Although two is far from a crowd, and Newsom’s acceptance of BTC donations is far from all-in, these governors could be the match that sparks regulatory change in favor of crypto assets. But for now, there’s going to have to be a waiting game, as seldom have politicians kept all their promises, especially those made in a bid to garner voter traction. Featured Image from Shutterstock The post U.S. Midterms: Bitcoin-Friendly Politicians Elected in Colorado, California appeared first on NewsBTC.

a month ago

OKEx Wins The Crypto Exchange Of The Year At The Malta Blockchain Awards

OKEx may have trailed Binance as the biggest exchange in the world by trade volume, but there was no stopping it from being declared best in the world in Malta. The exchange was named the crypto exchange of the year during the inaugural Malta Blockchain Awards. OKEx was fighting for the crown with the world’s largest crypto exchange by trade volume, Binance as well as BitBay, both of which have moved their operations to the island blockchain haven. The awards were held during the ongoing two-day Malta Blockchain Summit which has attracted over 5,000 participants. The King Of Crypto Exchanges The Malta Blockchain Awards recognize outstanding crypto firms and individuals who are making a name for themselves in the nascent industry. To be considered, the firm must have a strong connection to Malta. The three firms nominated for the award certainly do having moved their headquarters to the island nation this year. Binance and OKEx were originally based in China, but ultimately relocated their operations as the government cracked down on cryptocurrency. After initially testing the water in Japan and Singapore, they both settled on Malta thanks to its enabling environment. BitBay originated Poland, but after running into issues with the regulators and being denied service by the banks it moved to Malta. Upon receiving the award, the head of operations at OKEx, Andy Cheung, stated that the awards were especially gratifying as they reflected the confidence that industry leaders have in the exchange. Cheung also reiterated OKEx’s commitment to leading the way through innovation. He stated: Receiving this honour is truly a testament to our unrelenting effort in making changes in the crypto and blockchain industry. We never stop innovating to create the best user experience, to build a robust ecosystem, to improve the crypto industry, and above all, to revolutionize our world with blockchain technology. As a leader, continuing to improve the ecosystem is not only our promise, it is also our responsibility. OKEx is the second-largest crypto exchange in the world, behind only Binance. Founded by Star Xu in 2017, the exchange has grown aggressively and currently offers over 400 trading pairs to users spread in over 100 countries. In the 24 hours to press time, the exchange had facilitated $480 million worth of trades. The first edition of the Malta Blockchain Awards was held during the ongoing Malta Blockchain Summit, with the country’s president Marie-Louise Coleiro Preca serving as the guest of honor. The winners were decided by 32 judges pooled from diverse sectors of the crypto industry from exchanges to venture capital firms and blockchain startup firms. They included István Deák, an executive at enterprise-grade blockchain NEM; Ivan Petukhovsky, the co-founder of crypto exchange EXMO; and Anton Popov, the product owner at tokenization platform Bankex. The two-day Malta Blockchain Summit, which kicked off yesterday, has attracted over 5,000 crypto enthusiasts. Among the speakers at the event include the eccentric John McAfee, Bitcoin Foundation founder Jon Matonis and Marco Streng, the CEO and founder of Bitcoin cloud mining giant, Genesis Group. The post OKEx Wins The Crypto Exchange Of The Year At The Malta Blockchain Awards appeared first on NullTX.

a month ago

Asia Blockchain Week Showcases Maturity of the Ecosystem with an Impressive Speaker Lineup

The impressive line up at Asia Blockchain Week fits perfectly with the theme of Making Blockchain Mature. Expect high quality discussions and discourse. BlockShow is bringing Asia Blockchain Week to Singapore. Audiences are all set to be enthralled by over 100 speakers between November 27 - December 1, 2018 at Marina Bay Sands Luxury Hotel.

a month ago

Kraken CEO Says SF Is Overrun With “Crack Zombies” Who Are “Effectively Wild Animals”

Earlier this week Jesse Powell, CEO and cofounder of massive digital assets exchange Kraken, took to Twitter to complain about living in San Francisco. The theory itself—that workers would soon leave the Bay Area for places with a better quality of life—wasn’t unusual. It was the tweet’s rhetoric that was striking: Powell claimed that two […]

2 months ago

Speakers at Blockshow Asia 2018

The Blockshow Asia 2018 will be a groundbreaking event with very exciting activities. It promises to be a week-long moment of interaction and fun from 27 November to 1 December. What is more exciting? There is an incredible lineup of speakers who will make the event worthwhile. This year, blockshow has handpicked 100 amazing speakers from around the globe to ensure the occasion is better than the last Blockshow America. Top Speakers Among those who will be speaking at the Blockshow Asia conference is Bobby Lee, a renown figure in the cryptocurrency space. He is a Board Member of Bitcoin Foundation and also Co-founder of BTCC. another key speaker will be Sinhae Lee, a top personality in the industry. He is a partner at Goal Blockchain Innovative Capital, one of the most influential crypto funds. Sinhae will be live on stage to give a talk at the event. Justin Chow, an expert in cryptomarkets evolution and crypto trading. He is also Cumberland’s Head of Business Development in Asia. Also among the speakers is famous Thomas Lee who is former JPMorgan Managing Director and currently Managing Partner and Head of Research at Fundstrat Global Advisors LLC. a former Wall Street professional Tone Vays will also be mounting the stage. Vays is a Crypto and Blockchain Educator, Researcher and Consultant with a passion to remove scams and sanitize the blockchain/cryptocurrency industry. Another amazing speaker will be Alex Mashinsky who is the Founder of Celcius Network. He has also found more than 7 other projects with more than 120 Venture Capitalist Investments. Also considered to be the inventor of VOIP technology, Mashinsky has over 50 patents including Bandwidth Trading, Click to Call, Discount Management on the web among others. A professor at Singapore University of Social Sciences (SUSS) and Co-founder of BlockAsset David Lee will also be on the stage. Lee wants to harness technology for ASEAN connectivity and Financial Inclusion using Singapore as a “smart nation”. Another speaker Joseph Young Is a contributor to Bitcoin Magazine, Cointelegraph, Forbes, and Hacked.com. The Director of Litecoin Foundation, Zing Yang will also be speaking at the event. her focus is on enhancing change, compassion, and joy. She is out to build global communities and bring about global connectivity through technology. Michael Gu is also one of the key speakers at the Blockshow event. Gu is the Founder of Boxmining and a Blockchain expert. Alex Medana the Co-Founder and CEO of FinFabrik will also be speaking. Medana is also a Board Member of Fintech Association in Hongkong. His mission is to improve wealth management I capital markets using next-generation platforms. Breakdown of events The Asia Blockshow is slated to start on 27 November with a VIP pre-party followed by the main event at Marina Bay Sands with a focus on “The Future of the Token Economy” at SUSS. the last day will be an open day for all hubs, accelerators, and companies in Singapore will open their doors. You can buy tickets for the event at BlockShow Asia website to witness this exciting event. The post Speakers at Blockshow Asia 2018 appeared first on ZyCrypto.

2 months ago

Big Security Boost For Cardano

It has been recently announced by IOHK that Trezor is currently undergoing its final preparations to support Cardano. The globally known hardware wallet, Trezor facilitate digital currencies to be stored and they are popular for being able to store the key to the wallet safely. The firm is a big manufacturer of hardware wallets and a big boost for security for the foundations native token is surely going to please a lot of people who have invested in it. This announcement has come from Charles Hoskinson, who is the founder of Cardano, through his official Twitter account which suggests that this could be the case before next month. Trezor themselves even tweeted saying: “Have you ever wondered what we are working on? Have a look at our newly created roadmap, where you can see all the new stuff that is coming up!” This lists other tokens which will be receiving support in addition to Cardano’s ADA that day. This includes Stellar, XRP, Zcash, Zencash, Monero and so on. The founder of Cardano was recently discussing how the team is going to be providing more insightful updates. He noted that they will soon start the creation and the posting of videos with their future projects. It is very anticipated from token holders regarding the imminent 1.4 update and given the volume of users on Cardano, this is said to be an important point for the development of a new update from the foundation. This 1.4 update is expected to aid Cardano to get further traction in bringing in more users to its platform and the use of its native token. Nevertheless, seems to be kept at bay with the downside pressure still being applied. The lack of announcement from the firm could be taking its toll on the price. It is currently running within its 8th consecutive trading session in the red and no sign of a bounce as of yet. As said by Crypto Sam: “ADA/USDT price action remains stuck and dictated within this triangular pattern formation. The market bears, with the current losing streak, are set to test the key near-term support to the downside. This is seen at the lower part of the above-mentioned pattern, tracking at $0.0728 area, also within a touted demand zone.” 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 Big Security Boost For Cardano appeared first on Crypto Daily™.

2 months ago

We’ve just released an update to the BitBay Qt wallet includ...

We’ve just released an update to the BitBay Qt wallet including a new built-in blockchain explorer, code updates fo… https://t.co/LqpAmzNkvg

2 months ago

Decred Classic Price Analysis: DCR/USD Strong Bullish Breakout on Binance Listing

Decred has been stuck in consolidation for quite some time already but just recently made a sharp upside break on news of its listing on Binance. This suggests that a rally may be underway, possibly lasting by the same height as the rectangle formation. Stochastic is heading up to signal that buyers still have some energy left in them but the oscillator is nearing overbought levels to signal exhaustion. Turning lower could lead to a return in selling pressure. RSI is already on the move south after hitting overbought territory, which suggests a correction may be due. Applying the Fib retracement tool on the latest swing low and high shows that the 50% level lines up with the top of the former range, which might now hold as support. A larger pullback could last until the 61.8% level at $44 while a shallow dip could already bounce off the 38.2% Fib at $48.55. If any of these levels keep losses at bay, a move back to the swing high and beyond could be seen. As Binance mentioned in its announcement, the exchange will list Decred and open trading for DCR/BNB and DCR/BTC trading pairs at 2018/10/24 04:00 AM (UTC). It also shared links on Decred, fees, and trading rules. Another factor that could sustain the gains is the company’s development of Politeia, a proposal system, on its mainnet. This will involve the distribution of 570,000 DCR tokens among the project’s stakeholders and enable them to have the right to propose, discuss, collaborate on, and fund new projects, initiatives, and consensus change on Decred mainnet. However, it also noted that if stakeholders use this unwisely, it can have severe consequences for the project’s development, as the developers note: It is important to understand that Politeia is a [potent] tool: it can enable all manner of positive developments for Decred, but if used unwisely, it can lead to a wide variety of problems. Images courtesy of TradingView. The post Decred Classic Price Analysis: DCR/USD Strong Bullish Breakout on Binance Listing appeared first on Live Bitcoin News.

2 months ago

Ethereum Gets An Open Source Block Explorer

Some much needed competition is entering the Ethereum blockchain explorer space, and this time. . . it is OPEN SOURCE, BAY BAY! Unlike bitcoin, which has several popular block explorers with a variety of functions, ethereum has been comparatively lacking. Etherscan.io is by far the most popular block explorer for the Ethereum blockchain. Etherchain, Ethplorer The post Ethereum Gets An Open Source Block Explorer appeared first on Coinjournal.

2 months ago

The Demand For Blockchain Engineers Went Up By 400% In 2018

According to Hired's 2018 report, the demand for blockchain engineers went up by 400% this year. With an acute shortage of engineers, salaries are even higher. Blockchain engineers make $150-175,000 per year, on par with artificial intelligence (AI) specialists. The pay is far higher than $135,000 an average software engineer makes. The report also notes that tech giants like Facebook, Amazon, IBM and Microsoft are catching up, trying to attract the best talent. Most of the demand was from San Francisco Bay Area, New York, and London. (VS)

2 months ago

One of these supply adjusting stable coins is the decentrali...

One of these supply adjusting stable coins is the decentralized dynamic peg soon to be implemented by BitBay (BAY).… https://t.co/Czq6805PsG

2 months ago

XRP Price Analysis: The Inevitable Bull Run with Hints from Coil, Omni News

Ripple is on a partnership spree. Perhaps that’s why there are a lot of fundamental developments propping XRP as a viable investment. From Coil, Omni and news of The Bill and Melinda Gate Foundation probable use of the RippleNet as they deploy Mojaloop, the foundation is set for XRP. On a technical front, prices are stable and bullish from a top down approach. Therefore, despite the recent lower lows, bulls stand a chance and could edge higher in days to come. Latest Ripple News Ripple as a company has an ambition of creating this internet of value mesh and a platform where financial institutions can easily move funds across the border. In more than four decades where SWIFT, though nothing can be taken away for services is rendered-is slow, expensive and services are not available around the clock. In the meantime, Xpring an initiative that works towards providing necessary tools for blockchain start ups to flourish as long as they incorporate XRP in their product is working towards promoting a healthy XRP ecosystem. Similarly, Omni, a blockchain startup with operations in the San Francisco Bay area and Portland is the latest to integrate XRP allowing their users to withdraw funds directly to their XRP wallets. It’s particularly appealing for crypto curious types who acquire XRP by-passing exchanges. @coil is working on the #InterledgerProtocol components of Mojaloop to ensure conformance to ILPv4 spec. This unlocks future potential for innovative value transfer use cases over ILP. — Miller Abel (@MillerAbel_) October 19, 2018 While Omni is live, Coil another creation of one of former Ripple executive Stefan Thomas will be partnering with the Bill and Melinda Gate foundation. Their object is to successfully deploy Mojaloop. Mojaloop is an open source platform that promotes financial interoperability and inclusion more so for systems that can scale and serve the poor. From all these it’s clear that Ripple is working hard and perhaps re-calibrating their objectives as they promote the use of XRP through solutions as xRapid. The portal inherently uses XRP for cross border payment processing. XRP Price Analysis Weekly Chart Technically, XRP is bullish and is up 10 percent in the last week. Despite losses, a stand out has been the resilience of buyers. Topping this is their ability to maintain price within our ideal buy zone. The zone, between 55 cents and 45 cents, coincides well with reactive Fibonacci retracement levels. Like in our previous XRP price analysis, we shall only recommend risk-averse, conservative type of traders to begin loading on every pull back once XRP rally above 55 cents. Conversely, price retracement that sees XRP drop below the 35 cents to 45 cents support area invalidates this bullish projection. Remember, from an effort versus result scenario, bulls are in charge. This is all thanks to the new-found trend definition set by week ending Sep 23. Daily Chart Back to the daily chart and XRP is a stable. Not only are prices consolidating inside Oct 15 high low but the range is so tight. In fact prices are tapering inside Oct 16 bull confirmation bars. Technically, this is bullish for XRP even when we take a top down approach. Unless otherwise, risk off, aggressive traders can begin loading up at spot prices with tight stops at around 43 cents. That’s just below the 61.8 percent Fibonacci retracement level of September high low. To reiterate, first target will be at 80 cents and later $1. But $1.65 is not farfetched if we employ a Fibonacci extension tool. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. XRP Price Analysis: The Inevitable Bull Run with Hints from Coil, Omni News was last modified: October 21st, 2018 by Dalmas NgetichThe post XRP Price Analysis: The Inevitable Bull Run with Hints from Coil, Omni News appeared first on NewsBTC.

2 months ago

US-Based Company Becomes First to Get Cryptocurrency ICO Approval from Bermuda

A fintech company based in the United States has become the first company to get approval from the Bermuda government to launch a cryptocurrency ICO. A New Era for Bermuda A US-based fintech company, Uulala, created a milestone by becoming the first company to gain ICO approval from the Bermuda government. The approval follows Bermuda’s new regulatory framework which came into effect earlier in the year. As reported by The Royal Gazette, the announcement came during the Bermuda Executive Forum held in Miami, U.S, on October 18. According to the Minister of National Security, Wayne Caines, who was present at the forum, the approval was a starting point for the Island. Commenting on the announcement, Garcia said: It is an honor to be the first company to meet the Bermuda standard. We look forward to being ambassadors for this global financial hub in the blockchain and fintech space as we accomplish our mission of helping millions of underserved. The purpose of the fintech company is to reach out to the unbanked and underbanked masses and make financial tools readily available. Uulala’s CEO, Oscar Garcia, said that the firm aimed to raise $50 million in its ICO. The CEO further added that the company initially managed to raise $10 million privately. Garcia also said that the Uulala team were considering starting operation on the Island. Furthermore, the Uulala CEO commented that the Island’s prestigious financial status attracted the company. The company executive added that its ICO approval took four months. Island Principalities Becoming a Haven for Cryptocurrency Business Countries around the world are beginning to accept the nascent technology that is digital currency. Islands are particularly attracting cryptocurrency exchange platforms with their favorable regulatory framework. Some Islands have ambitions to become the “cryptocurrency hub of the world.” One of such well-known Islands that have attracted cryptocurrency businesses is Malta. The Island’s crypto-friendly climate has attracted exchanges like Binance and OKEx. Poland’s BitBay also announced its move to the Island. Malta became the first country with a legislative framework regulating blockchain after approving three crypto bills. Recently, the Island announced that cryptocurrency regulations would take effect in November. Apart from Malta, Antigua and Barbuda was touted to be another cryptocurrency-friendly country. In 2017, the country appointed Bitcoin proponent, Calvin Ayre, as an advisor on cryptocurrency implementation and blockchain utilization. In Q1 2018, Ayre built the $100 million Ayre Resort in Antigua, funded entirely on digital currency. The British overseas territory, Gibraltar, in a joint session with its financial services commission, announced plans to regulate ICOs, making it a world first. Image courtesy of Shutterstock. The post US-Based Company Becomes First to Get Cryptocurrency ICO Approval from Bermuda appeared first on Ethereum World News.

2 months ago

The BitBay Web Marketplace demo just got an important update...

The BitBay Web Marketplace demo just got an important update: the live wallet is now up and running and our demo te… https://t.co/lcD4Ebgzqw

2 months ago

We are pleased to announce a new super-fast block processor ...

We are pleased to announce a new super-fast block processor to power the BitBay web and Android wallets from today!… https://t.co/v9cPUpzJ0f

2 months ago

Cryptocurrency is just one of seven types of cryptoassets you should know

Two years ago, the entire cryptoasset market had a value of $9 billion. Had it been a public company, it would barely have cracked the S&P 500 index. Fewer than two years later, the cryptoasset market is $300 billion in size, roughly double the market capitalization of RBC, Canada’s largest lender. The explosion (and recent pull-back) of value in cryptoassets like bitcoin and ether has captured the imagination of developers, and the attention of the media, governments, central banks, the investing public, and regulators. It has made enthusiasts euphoric, Nobel laureates skeptical, and old-school billionaires dyspeptic. Charlie Munger of Berkshire Hathaway went so far as to call bitcoin “noxious poison.” Is there any other kind of poison? To be sure, there is a lot of hype in this market, and the industry must confront such implementation challenges as scaling technology and regulatory uncertainty. But beyond the hype and mania, something profound is happening—the creation of an entirely new digital asset class. This new asset class will transform every industry in the economy, from financial services to pharmaceuticals, media to manufacturing. Existing assets like stocks and bonds will become digital assets and new yet unforeseen assets will emerge, enabling new decentralized business models based on collaboration and clever code. Understanding the various types of cryptoassets, and the different functions they serve, is crucial to thriving in this new decentralized digital economy. In the updated version of Blockchain Revolution, we break them down into at least seven categories: Cryptocurrencies like bitcoin, the granddaddy of all cryptoassets, are instruments of exchange, stores of value, and units of account. To wit, bitcoin today holds over $100 billion dollars and supports billions a day in global transactions. Banks are taking notice, going from “bitcoin bad, blockchain good,” to “bitcoin, yikes!” JPMorgan and Bank of America are speaking openly about the risks cryptocurrencies pose to their business, and Goldman Sachs and TMX Group’s Shorcan are moving swiftly to trade these assets. Platform tokens like ether of the Ethereum blockchain, the $40 billion mega-unicorn and Canada’s most successful start-up ever, are designed to support decentralized applications that eliminate intermediaries in virtually every facet of the economy. Ethereum has also emerged as the leading platform for initial coin offerings (so-called ICOs), where a project can tap into global pools of capital. To date, over $7 billion has been raised through ICOs, 70% of them using Ethereum’s standard, ERC-20. Ethereum and its challengers, Cosmos, Aion, and ICON, will form the backbone of the next era of the internet. Utility tokens are programmable blockchain assets that have utility in an application such as Golem, which aims to aggregate the power of the world’s smartphones into a decentralized supercomputer that anyone can use to run computations in exchange for golem tokens. Think Amazon Web Services without Amazon. Security tokens are native digital bonds, equities, and other securities that trade peer to peer without financial intermediaries. Why should a stock trade settle T+3 when buyer and seller can trade directly and settle T+0 on a decentralized exchange? The Canadian Securities Exchange intends to get into this market. Others would be wise to follow. ICOs have already upended venture capital. Bay Street will be next. Natural asset tokens represent tangible goods like gold, oil, or carbon in peer-to-peer markets with real-time settlement. For example, the Royal Mint partnered with the Chicago Mercantile exchange to create Royal Mint Gold, a digital gold token backed by gold bullion in the Royal Mint’s vaults. The entire commodities market is up for grabs, as is mass-market carbon trading. Cryptocollectibles are entirely unique digital assets. Consider CryptoKitties, an app that enables users to purchase, raise, and even breed unique virtual pets. As of January 2018, Cryptokitties’ 235,000 users had conducted $52 million in transactions. Companies like Everledger and others are enabling the tracking and trading of these rare and very real collectibles on the blockchain. Crypto-fiat currencies are issued and governed by central banks. In 2017, Venezuela shocked many by announcing its launch of “the Petro,” a cryptocurrency backed by the country’s vast oil reserves. The Federal Reserve and Bank of Canada should take notice: implemented properly, crypto-fiat currencies can make markets more efficient, transparent, and inclusive, and central bank policy more responsive to crises and shocks. This Cambrian explosion of cryptoassets will precipitate one of the greatest reorganizations of wealth and transformations to the global economy in our history. This represents a second kick at the can—an opportunity to assure that everyone has the ability to benefit from the prosperity of the digital age. To truly realize that promise, h

2 months ago

Zebpay Leaves India for Malta Due to Constricting Regulation

One of India’s largest cryptocurrency exchanges, Zebpay, is moving its operations to the Mediterranean island nation of Malta in an effort to maintain its operations after shutting shop last month. The move comes amidst an unprecedented cryptocurrency ban instituted by the Indian government. The new Malta-based exchange, which will still be called Zebpay, will offer cryptocurrency trading services to customers in 20 countries, all of which are located in Europe, but will not offer trading to Indian citizens, reports Quartz. India Losing Out on Business Due to Restrictive Cryptocurrency Ban Zebpay held a significant amount of the Indian cryptocurrency trading market, once having an estimated five to six million investors on the platform. Their business began to falter after the Indian government put in place the shocking ban on cryptocurrency trading, which isolated exchanges by forbidding them from engaging in banking relationships. There has been a significant amount of confusion in the cryptocurrency industry as to whether or not the country is planning on lifting their exchange ban, with multiple sources giving conflicting statements on the situation. Nevertheless, there have not been any major policy or leadership changes that would warrant a lift of the ban since it was originally instituted. This restriction halted the tremendous growth that the Indian cryptocurrency markets were seeing in early 2018, where exchanges were registering as much as 300,000 new customers per month at their height. Since the ban, estimates claim that the largest Indian exchanges are now registering less than 25,000 customers per month. As a result of the faltering trading activity and low account registration numbers, Zebpay announced on September 28th that they were halting all exchange activities: “The curb on bank accounts has crippled our, and our customers’, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business. As a result, we are stopping our exchange activities.” Zebpay isn’t alone in their move to foreign soil, with other major cryptocurrency exchanges leaving India for more crypto-friendly countries, like Switzerland, Singapore, Dubai, and the Cayman Islands. Malta Securing Position as Cryptocurrency Hub Zebpay’s move to Malta further secures the tiny nation’s position as a leading cryptocurrency hub, now housing the headquarters of some of the world’s largest exchanges, including Binance, Bittrex, BitBay, and more. The trend has been fueled by the Maltese government’s friendly attitude towards cryptocurrency, only requiring exchanges to adhere to a light regulatory framework that ensures the exchanges are operating in a legal and trustworthy way. Another reason the location is popular for cryptocurrency companies is due to its solidified position in the European Union, which means that companies located in Malta have no barriers for offering their services to citizens residing in any EU nations, which is part of the reason why Zebpay’s services will be offered exclusively to European countries. As the Indian government continues to drag their feet on implementing regulatory frameworks on the cryptocurrency industry, it is likely that more exchanges will leave the country in order to preserve their business operations. Featured image from Shutterstock. The post Zebpay Leaves India for Malta Due to Constricting Regulation appeared first on NewsBTC.

2 months ago

Omni Rentals Lets Users Cash out Earnings in XRP

Many people consider Ripple’s XRP to be a security or a digital asset, rather than something consumers can benefit from. In the case of Omni, a project focusing on revamping ways to own and access things, XRP support has been integrated as a cash-out feature. Omni Sees Merit in XRP For those unaware of the Omni project, the concept is relatively easy to explain. The main purpose of this venture is to develop new ways to own and access things. One of their main projects goes by the name of Omni Rentals, a way for users to share their things and getting paid to do so. Unlocking the dormant value in things users have but don’t use daily is a very interesting approach, to say the least. What makes Omni Rentals so interesting is how it removes the need to rely on services like Craigslist, Venmo, and so forth. The Omni Rentals project allows for users to effectively rent items from the platform and get it delivered to their home when they need it. It is an on-demand service which can be quite successful in the long run, although it will mainly depend on how users look at this concept. As has become apparent, services like these can let users earn some passive revenue by renting out the things they do not actively use on a regular basis. Such a concept will undoubtedly get a lot of attention moving forward, although it is evident that can also create some friction. More specifically, paying users in a native currency would not necessarily attract a lot of attention. Thankfully, it seems the Omni team has already come up with a solution to counter this problem. Their latest addition comes in the form of cashing out Omni Rental earnings in the form of XRP. Even though Ripple’s XRP is not necessarily the most popular asset in the world, it is one of the most liquid ones. That also makes it easier for users to effectively convert their earnings to Bitcoin or other cryptocurrencies, or fiat currencies if they so prefer. The Omni team explains this decision as follows: “We’re building towards a world with frictionless access to the things we need as we need them, irrespective of ownership. In order to realize this vision, we set out to implement a payments system that was both instantaneous and global, which is why we partnered with Ripple back in January and why we’re excited to announce the XRP cash out option now. By enabling XRP cash outs we’re aiming to lower the barrier to entry for crypto-curious consumers and also reduce the risk because you still own the asset.” The addition of XRP brings another interesting use case to the table for this particular asset. Although it might not necessarily have a big impact on the value of XRP altogether, there is a good chance this concept will gain some traction in areas where Omni Rentals is popular. So far, that seems to include San Francisco Bay and Portland, although other regions might get added as more time progresses. An intriguing development, and something that validates XRP’s potential even further. The post Omni Rentals Lets Users Cash out Earnings in XRP appeared first on NullTX.

2 months ago

Ripple’s xRapid adds another customer as XRP builds wave of adoption through third-party integration

The XRP Ledger and its accompanying cryptocurrency are taking significant steps to be integrated into the Internet of Value ecosystem that is being built currently. Adoption is also being pushed by XRP enthusiasts, going along with Ripple’s new moves in the cross-border space with XRP-powered xRapid coming into the picture. Recently, Omni, a renting service in the San Francisco Bay Area and Portland, announced that they would be utilizing XRP as a method for users to cash out their earnings. Users can either choose to cash out in USD or XRP as they choose. Notably, the startup raised around $25 million in capital from Ripple Labs, along with other investors. They are also partnered with the company under the Xpring initiative. The Omni service also marks the first time that XRP users can obtain the coin from outside of an exchange platform. Ripple is also making strides in pushing its xRapid product, a cross-border payments initiative to cut down costs and increase settlement speed. This was announced during Ripple’s Swell conference, with three partners. These were Cuallix, IDT and MercuryFX. The CFO of Cuallix, Nicolas Palacios, said in a statement: “With Ripple, we can source liquidity through XRP and complete the cross-border payments in seconds.” Now, the FinTech has added another customer under its belt to use xRapid. The institution in question is Viamericas, a cross-border payments service which is set to use Ripple to cut down payment fees by up to 70%. Paul Dwyer, the co-founder, and CEO of Viamericas, stated: “We believe that digital assets like XRP will play a key role in the future of cross-border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure” Ripple said in a brochure created to market xRapid: “Global payment providers, such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to significantly lower their liquidity costs and send real-time payments — an industry first.” The XRP space is seeing important building blocks being created for the future infrastructure of the space. Moreover, Ripple also seems to be converting its xRapid pilot customers to use the product, a good sign for the XRP token. The post Ripple’s xRapid adds another customer as XRP builds wave of adoption through third-party integration appeared first on AMBCrypto.

2 months ago

Omni, a Start-up Advised by Chris Larsen and Stefan Thomas, Integrates XRP

Months after sealing a $25 million deal with Ripple and other participants including Vivi Nevo, Founders Fund, Karlie Kloss, Omni is now integrating XRP. This is no doubt huge for Ripple demonstrating how their earlier initiative, Xpring, is paying off. Xpring is the “proverbial” spring for serious start-ups and the initiative that “invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs”. More about Omni Omni is a brainchild of Thomas MacLeod and with Stefan Thomas, the former CTO of Ripple and founder of Coil, another Xpring supported company joining Chris Larsen the co-founder of Ripple as a member of Omni advisory board, the start-up is poised to change the concept of ownership. In their Medium page, Omni say they are a new way of owning and accessing things. Through their platform, users can find and rent what they need while renting out what they don’t need. This way they safe space while earning XRP as they do so. Simply put, Omni acts as the keepers of an on-demand personal storage platform build on a shared economy model. Because of this, users get to earn when they share their things via renting while at the same time saving space, all from the comfort of their homes. Their main objective is to make people live “lighter”. What the XRP Integration Means The new XRP integration means users can now cash out their rental earnings straight into their XRP wallets. It’s also the first of a kind around San Francisco Bay Area and Portland where users get to earn XRP without going through an exchange. By doing so, the start-up is providing an avenue for crypto curious investors to own digital assets which can they can cash out instantaneously. Besides, Omni is eliminating unnecessary risk because the owner has full control of their XRP. They are the legit owners with no custodians controlling their private keys. The post Omni, a Start-up Advised by Chris Larsen and Stefan Thomas, Integrates XRP appeared first on Ethereum World News.

2 months ago


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