Santiment Network Token SAN

$0.5058
Market Cap $ 31.692 MM (#104)
24h Volume $ 66.215 K
Chg. 24h: 2.63%
Algo. score 3.6/5  (#154)
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Santiment Network Token News

CoinVenue Platform Review: Everything You Need to Know

featured - Coinvenue is a comprehensive crypto trading platform which leverages artificial intelligence (AI) to find a better price to execute your trades. The solution collects market information from the most popular cryptocurrency exchanges and then delivers the data to the platform’s frontend in the fastest way possible. In fact, for some exchanges, Coinvenue displays data updates quicker than the exchanges themselves. Coinvenue platform provides a comprehensive technical analysis interface which enables the user to connect and trade on a variety of trading accounts from multiple cryptocurrency exchanges using their API keys. This enables the user to easily place orders and track their crypto portfolio in one convenient interface. Coinvenue is a startup based in San Francisco. The company is founded by professionals in the field of trading finance, and their main goal is to target the primary pain point in cryptocurrencies trading. At first, the goal of the platform was to provide users with a one-stop-shop for those who trade on different exchanges and to provide a means for connected accounts and convenient portfolio tracking. However, as the concept evolved, the company realized that it could provide a lot more to the user. One of the main goals of CoinVenue is to increase profitability for users. Features of Coinvenue’s Platform As well as providing an all-in-one solution for traders using different cryptocurrency exchanges, it also brings a range of different features. Multichart Mode: The platform provides support for multi-chart mode, which allows users to change the layout of the charts in just one click. This mode supports up to 6 charts in a single layout. Linked Charts: The platform also enables users to link the charts to an instrument that the user selects in the terminal workspaces. How to Use Coinvenue Using Coinvenue isn’t that challenging at all. Registering shouldn’t take you more than a few minutes, and then you can go ahead and start adding the exchanges that you are currently using. Once you log in, on the top navigation menu you have to select the “Accounts” button, which will get you to this screen: As you can see, based on the exchange that you want to add, you’d have to input different information such as your account name, API key, secret key, and in some instances - client ID and passphrase. From there, you can head back to the main interface, which looks like this: On the top navigation menu, right below the main navigation bar, you can see all the different tools that you can take advantage of. On the right bar, you can see the cryptocurrency pairs that you can monitor and engage with. At the bottom, there is a bar which contains your current exchanges, order history, and active orders. Coinvenue Rewards Every single market order placed through Coinvenue’s terminal qualifies for rewards. A reward on Coinvenue is the difference between the price requested when placing the market order and the price when the venue sends it to an exchange. 95% of the market orders that Coinvenue sends are at the same or an even better price than the one that the trader has requested. The way Coinvenue does this is by using an artificial intelligence algorithm which predicts the next direction of the asset. Based on this algorithm, Coinvenue holds the market order while it attempts to process it at a better price. Historically, the price that Coinvenue sends an order was better with margins of $0.5 - $3 USD per trade. If Coinvenue sends your market order at a better price than you’ve requested, the reward is going to be negative, and you will make a positive difference on your exchange account. However, if the price is worse when Coinvenue sends your market order, the reward amount will become positive. Positive balances can be withdrawn. It’s worth noting, however, that the reward system at Coinvenue is currently only available at BitMEX and when trading the XBT-USD pair. How to Enable Rewards in Coinvenue’s Terminal Turning on the rewards function is fairly simple. As soon as you log in, there is a navigation menu on top where you click the “Profile” button. On the right side, you’ll see a three-item menu, and you’d have to click on “Rewards.” From there, it’s necessary to accept the Rewards program policy, and you are pretty much ready. Conclusion Coinvenue brings a very interesting approach to cryptocurrency trading, facilitating the user beyond what’s usually expected. Not only does the platform go above and beyond to provide a fairly seamless interface and a range of technical tools, but it also makes sure to increase its users’ profits as much as possible. People who trade regularly are well aware that $3 additional profit on 95% of the trades is a huge deal. At the same time, it’s worth noting that the interface does feel a bit more advanced than expected. Novice users are likely to have a slightly harder time getting used to it. Apart from that, the platform is simple, clean, and i

18 hours ago

VeChain (VET) Price Positive Maneuvers: Latest Key-News

The blockchain network which operates on the BaaS (Blockchain-as-a Service) framework with the main goal to decentralize and evolve how global business management and supply chains are monitored is on of the only which are signaling positive performances in the crypto-market. VET/USD Breaking the daily declining trend, the native token of the 24th largest crypto-network by market capitalization at $0.0031 hoisted the price against the US Dollar back above the $0.0040 again with the attempt to retest the major $0.00425 which is posting resistance since beginning of January this year. Source: coinmarketcap - February price movement Per time of writing, VET is changing hands against the USD at $0.00418 with 6.82% increase in the last 24-hours leading the BTC market for 6.64%. VeChain utilizes tamper-proof distributed ledger technology (DLT) to monitor and verify the authenticity and quality of products along the supply chain to ensure that the final consumer gets genuine value for whatever they buy. To put it into perspective, VeChain works with the manufacturers and suppliers to prevent counterfeited goods from being sneaked into the market at the expense of the general public. Just recently - VeChain Foundation launched an Application Idea Bounty Hunt with the target to push-up the amount of app-development and devs approaching the platform. The total pool of reward is 40 million VET tokens. All the information highlighted below can be found in the team’s Medium Blog Post After receiving many great ideas and exciting development plan in our Application Idea Bounty Hunt, the first batch of qualified applications have been rewarded! To submit your ideas, and get a boosted start for application development, click here - https://t.co/w44YkwgX9p — VeChain Foundation (@vechainofficial) February 13, 2019 This challenge, entitled VeChain Application Development Challenge leading up to the VeChain developer conference — VeChain Summit 2019 scheduled on April 18 at Fort Mason, San Francisco, will have a total reward pool of 40M VETs. Featured Image: descryptive The post VeChain (VET) Price Positive Maneuvers: Latest Key-News appeared first on Ethereum World News.

3 days ago

Coinbase Earn Adds Zcash, Letting Users Earn $3 Worth of ZEC Learning About It

The latest addition to Coinbase Earn, a section of the San Francisco-based cryptocurrency exchange’s website that lets users earn cryptocurrencies while learning about them, is the privacy-cenric cryptocurrency Zcash (ZEC).

3 days ago

XRP Holds Strong After JP Morgan ‘Slaps’ Ripple With Bank-Centric Crypto

Ripple and its go-to crypto asset, XRP, have long been a nuanced topic of discussion in the cryptosphere. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world. But, this might not exactly be the case, as a Wall Street giant recently revealed plans to issue a digital asset that poses somewhat of a threat to Ripple’s operations but not to Bitcoin’s value. Ripple Under Threat Due To JPM Coin? In a move that was straight out of left field, JP Morgan Chase, the world’s sixth largest bank, took to CNBC divulging that it would be launching an in-house crypto asset, fittingly named “JPM Coin.” According to a comment from Umar Farooq, the Wall Street institution’s blockchain division lead, the asset will be backed by physical U.S. dollars and will first be based on Quorum, JP Morgan’s private Ethereum-based chain. Eventually, the asset will go multi-chain, with interoperability solutions allowing for JPM Coin to be transacted in different ecosystems. Related Reading: JP Morgan: Crypto Value Unproven, Bitcoin (BTC) Could Fall as Low as $1,260 in Near Future Farooq remarked that his team intends the venture to eventually be a multi-purpose asset for the bank’s operations, whereas “anything, where you have a distributed ledger, [that] involves corporations and institutions” will use the stablecoin. For now, however, the JP Morgan executive made it clear that the newfangled offering is intended to bolster the company’s internal, yet international corporate transactions. While this project may have an innocuous premise, many crypto commentators quickly took to Twitter to remark that Ripple’s services and the XRP Ledger’s function could come under fire. “This is a huge slap in the face for Ripple,’’ said @Shaughnessy119. “Ripple’s target market is cross-border payments and remittances and now JPMorgan’s effort is a direct threat.’’https://t.co/vAb67rg2kq pic.twitter.com/80qDJ8U061 — Frank Chaparro (@fintechfrank) February 15, 2019 Tom Shaughnessy, the principal analyst at Delphi Digital (recently merged with 51Cryptos), told Bloomberg that JPM Coin is a “huge slap in the face for Ripple,” explaining that the fintech group’s cross-border payments and remittance efforts may go kaput. Travis Kling, the chief investment officer at Ikigai, echoed this sentiment to a tee. He told Bloomberg that while Quorum is much like Google Sheets, rather than Bitcoin, JPM Coin is “clearly competing directly” with Ripple Labs. Both Kling and Shaughnessy then drew attention to what they see as flaws in the nature of XRP. Kling quipped that it’s a “centralized cryptocurrency,” rebutting comments from Ripple’s CEO, as the Delphi Digital researcher remarked that XRP’s volatile nature will be “contentious” for institutions that are looking for cross-border payments. And interestingly, much of the crypto community was in agreement. Esteemed Bitcoin trader Moon Overlord joked that he’s shocked that JP Morgan created their own coin instead of XRP. Others remarked that JP Morgan “killed the XRP dream,” alongside other quips of similar nature. Tushar Jain, a managing partner at Multicoin Capital, remarked that banks were never planning to use XRP for settlements, thus concluding that JP Morgan will “wipe the floor with Ripple.” But, in spite of all these comments, the value of the popular cryptocurrency has held relatively strong. XRP Stands Its Ground According to data from Live Coin Watch, the asset has posted a mere 1.1% loss over the past 24 hours, while BTC is up 0.07%. While XRP’s slight underperformance may be a cause for concern for some of its holders, some have effectively concluded that the JP Morgan news had no notable material impact on the value of the asset. Interestingly, analysts have had mixed reactions about the fact that XRP barely budged when JPM Coin began to trend on Crypto Twitter. Lucid TA, a technical analyst/fund manager, remarked that XRP’s lack of volatility only accentuates that 95%+ of crypto price action is “determined by capital flows and speculation,” rather than fundamentals. He added that from his point of view, the Wall Street bank’s own crypto asset is “extremely bearish” for Ripple. Here we have yet more evidence that crypto prices are 95%+ determined by capital flows and speculation (and not fundamentals!). JPM releasing its own crypto is *extremely* bearish for $XRP, yet the chart hasn't moved a cent. — Lucid TA (@Lucid_TA) February 15, 2019 Crypto Quantamental, another Bitcoin-friendly fund/investment manager, begged to differ, explaining that XRP’s non-action is a “proof of concept” that the asset adds value to the finance ecosystem. While the trader did admit that Ripple isn’t going to challenge SWIFT head-on, it should be able to garner some traction in the business-to-business and small financial institutions space. I view it opposite. It’s bullish. It’s proof of concept of t

3 days ago

SEC Could Approve the First Bitcoin ETF in Next 45 Days as Review Process Begins

Well, after all the wait and drama surrounding the Bitcoin ETF, the US SEC has finally announced that it is beginning the process of reviewing Bitcoin ETF applications again and has picked up the Bitwise application for initial review. SEC publishes Bitwise proposal in Fed Register on Feb 15 Are we in sight of a Bitcoin ETF? Well, there is every possibility as the U.S. Securities and Exchange Commission (SEC) announced it is moving forward with its process for the ETF approval and beginning to review the Bitcoin ETF rule change proposal filed by NYSE Arca and Bitwise Asset Management on Feb. 11. The proposal itself was published in the Federal Register on Feb. 15, starting the countdown of 45 days which SEC has to make its initial decision on whether to approve, reject or extend the proposal. Even though NYSE Arca and Bitwise had filed the application at the start of 2019, there was no way ahead because of the US government shutdown. But all seemed to back on track now as the Federal Register has been amended on February 15th, 2019 marks the start of the much-awaited process. The process of approval is still lengthy and has several roadblocks, Bitwise Bitcoin ETF has generated quite a lot of hype of being different which could get a nod from the SEC. The proposed ETF gets its valuation from physically settled Bitcoin futures contracts, something that has never been proposed before. Bitwise’s global head of Exchange-Traded Funds John Hyland remains hopeful that the SEC will approve their Bitcoin ETF. His confidence is clearly visible when he was quoted saying “While there can be no assurance that the 19b-4 application will be granted or the SEC will review and ultimately accelerate the registration statement, we are optimistic that 2019 should be the year that a bitcoin ETF launches.” Bitwise was recently founded in 2017 and is headquartered in San Francisco. The firm’s team is made up of professionals with decades of asset management experience. Some of the firm’s members come from backgrounds such as Facebook, Wealthfront, BlackRock, NYLife Investments, IndexIQ, US Commodity Funds, Goldman Sachs, JPMorgan, and ETF.com. The company has also pioneered the first cryptocurrency index fund and is the leading provider of rules-based exposure to the crypto asset space. Together, the firm features 4 best-in-class crypto indexes: Bitwise 10 Large Cap, Bitwise 20 Mid Cap, Bitwise 70 Small Cap, and Bitwise 100 Total Market. While many firms have attempted this previously, Bitwise has meticulously designed to follow a clear-set rule base that takes various factors into account Will Bitwise ETF find the holy grail and be the first US SEC approved Bitcoin ETF? Do let us know your views on the same. The post SEC Could Approve the First Bitcoin ETF in Next 45 Days as Review Process Begins appeared first on Coingape.

3 days ago

Coinbase Wallet Users Can Now Backup Private Keys on iCloud and Google Drive

San Francisco-based Coinbase announced Tuesday that users of the Coinbase Wallet can now store encrypted private keys on personal cloud storage accounts, using either Google Drive or iCloud. 🔐☁️ Introducing Cloud Backup for your private keys on Coinbase Wallet! Backup to your personal iCloud or Google Drive, and explore the open financial system with peace of mind.

3 days ago

Tari Labs hides BTC bounty in Ms. Pac-Man game

Tari Labs, the company that works on digitizing assets on the blockchain and deveoping a Mimble Wimble sidechain for Monero (among many other interesting projects), has made an offer no bitcoiner can refuse: you play a game of Ms. Pac-Man (retitled Ms. Fluffy as a way of showing some Valentine’s Day love to Riccardo “Fluffy Pony” Spagni‘s wife), you pay close attention to the Easter eggs, and you may just unlock a wallet which contains 0.25 BTC (at press time, about $900). As part of a Valentine’s Day campaign, Tari has announced on their Twitter account that the unfortunate ones who don’t have a significant other can compensate their emotional void with a game of Ms. Fluffy. At first glance, there’s nothing much to this casual gaming experience: you click the pink heart on the bottom right side of the Tari webpage and then enjoy some ghost dodging and white pill eating. Happy Valentine's Day from the Tari community #msfluffy2019https://t.co/wWzLxWapNa pic.twitter.com/sRnU1EVXM9 — Tari (@tari) February 14, 2019 The 1980s arcade experience also contains some really witty references: Ms. Fluffy must run away from the four nasty ghosts named “Roger. Ver”, “Jihan. Wu”, “Craig. Wright”, and “Dan. Larimer”. Also, the regular in-game fruits that give you extra points are replaced with cryptocurrency logos: XRP (which actually takes away 100 points from your score), BTC, Grin, XMR, and the Tari logo. Another nice touch can be discovered when you eat the hearts and momentarily disable any of the four ghosts: they turn into a Lightning bolt until the moment they respawn in their central place. Tari Labs is always looking for talented contributors, but this week we’re raising the bar. We’re only reading resumes that include your Easter egg high score. Better start practicing.#msfluffy2019https://t.co/YLlBszjPt6 pic.twitter.com/er8ndMDW5J — Tari Labs (@tari_labs) February 14, 2019 There’s more to Ms. Fluffy than meets the eye For starters, a little Twitter stalking will help you discover that Tari Labs is really serious about this little game of Ms. Pac-Man. The company is currently hiring professionals to fill 11 positions, ranging from marketing to engineering and design. And in order for the candidates to be eligible for the jobs they apply for, they are asked to add to their resumes a screenshot of their Ms. Fluffy high score. It’s a mandatory criterion that must be fulfilled throughout the week. But aside from this organizational detail, the simplistic game includes some cheats and ultimately reveals a BTC bounty. The more you play, the more messages you discover - and when you figure something out and it looks a lot like a BTC public key, you will realize that there is a really nice bounty involved. Hello, @tari what's this? #msfluffy2019 https://t.co/AcCssm9ktQ pic.twitter.com/VDRtW3YYKw — Captain Snow (@caylesharrock) February 15, 2019 The secret can be found in one of the six different messages that get displayed on screen when you press the “B” key during the level. If you want to skip to the next stage to find another message or clue, you don’t have to eat all the pills - instead, you just press the “M” key and you’re all set for a cheating advancement. Given these requirements, it’s recommended that you play the game on your desktop computer or laptop (it’s also available on mobile, but you won’t be able to access these cheats). Furthermore, if you want to treat the game itself a little more unfairly and see where the ghosts are going, add “/#cheat_mspac” the the URL (which is https://www.tari.com/pacman/). It’s very useful if you want to make a new high score and brag to the other players on Twitter. CONTEST ALERT The highest score from today’s Valentine’s Day Easter egg wins a boating trip with @fluffypony. Bring your private keys, just in case.#msfluffy2019https://t.co/wWzLxWapNa pic.twitter.com/VPfIG3mltn — Tari (@tari) February 14, 2019 The Tari account has suggested that the highest score wins a boating trip with Riccardo “Fluffy Pony” Spagni. However, it’s more likely that the other detail about bringing your private keys is more relevant for revealing the true intentions of this game of Ms. Pac-Man: as you’re about to discover, in-game messages lead you to a wallet where 0.25 BTC are deposited as bounty. Get the 0.25 BTC! The following part of the article is the result of more than 10 hours of gameplay and cryptographic key experimentation. If you manage to outsmart me and find a way to access the bitcoins, then please be kind and send a portion of the 0.25 BTC bounty to 3AoyUxdUJ2KAqrL86D6T5GwcW8omwUdV38. Without the data provided in this article, it’s very unlikely that you would have found about this challenge anyway. There's a game to play, and a puzzle that has BTC in it, go go go! https://t.co/ypPIOErBu2 — Riccardo Spagni (@fluffypony) February 14, 2019 The funny, weird, and useful in-game Easter Eggs If you press the “B” key during level one, a chat window will be revealed to yo

3 days ago

A fintech startup founded by Palantir veterans envisions a one-tap mortgage

Palantir Technologies is known for using big data to tackle tough problems like counter-terrorism analysis and measuring financial risk at mega banks. Since 2012, a group of veterans from the Silicon Valley company have taken on an equally daunting task: taking the misery out of the home mortgage process. The company they founded is called Blend, a startup that sells software to US banks to digitize lending. Getting a home loan can take as many as two months and has traditionally been heavy on paperwork. Blend co-founder and CFO Erin Collard says the company’s technology, used in apps at lenders like US Bank and Wells Fargo, has cut the time it takes by about two weeks so far. Getting a mortgage in a day isn’t legally possible, but Collard says the objective is to bring it down to a couple of weeks. He says the days of paper-based processing of information are coming to an end. “There will be a point where any financial product is easily achieved with a one-tap process,” said Collard, the former head trader at Peter Thiel’s Clarium Capital Management and an advisor to Palantir, where he met Blend’s co-founders. “We are looking into making that possible.” Some think Blend, last valued at $600 million according to PitchBook data, could be galloping toward the $1 billion mark. But when the company started out, social media was the preferred entrepreneurial pursuit in San Francisco. To the extent that fintech was a thing, Collard says the the business models more often looked to compete with the banks to provide lending, rather than selling software to them. There were also doubts about whether financial services via smartphones would catch on, especially for more more challenging things like mortgages. That all began to change when Rocket Mortgage started running Super Bowl ads touting quick mortgage approvals using a mobile phone. “Our phone never stopped ringing,” Collard said. Blend now employs 350 people and has around 135 banking customers that represent 25% of the US mortgage market. It handled some $230 billion worth of mortgage applications last year. Collard says some of the best advice he got from Thiel, a serial entrepreneur and PayPal co-founder, was to sell the software to banks instead of becoming one itself. “If we sign one contract, overnight we get millions of consumers,” he said. The company is also riding a fintech mega trend: customer data is getting easier to access. Instead of having to pull three months of accounts statements and send them to the mortgage lender, technology made by companies like Plaid and Yodlee can connect with the bank and pull it out automatically. Online brokerages like Betterment and Robinhood, and payment companies like Venmo and TransferWise, are using this information to quickly onboard new customers without the customary hassle. “I don’t think people realize how revolutionary it’s going to be,” Collard said. People prefer to use their phones for simple financial transactions. But a report from Fannie Mae signals that not everyone is ready to do complex transactions, involving hundreds of thousands of dollars, without a face-to-face interaction. While most Americans already use online banking, the majority of people surveyed in telephone interviews said they would rather to talk to a person when getting a mortgage. Blend’s Collard acknowledged that not everyone is comfortable making big decisions without a customary branch visit. He said the company’s software still allows users to chat directly with a loan officer if they want to, and he argues that mobile apps can make the pool of customers bigger by, for example, tapping into lower-income consumers who don’t have a computer at home. But in the end, the exec thinks the move to digital is inevitable. “You want more of an Uber experience rather than something with thousands of pieces of paper,” he said. The future of finance on Quartz Wealthfront is adding more bank-like features. The 11-year old robo-investor’s new account offers a 2.24% interest rate, near the top of the charts in the US. What Brexit? UK fintech firms, and neobanks in particular, have no shortage of cash from investors. London-based Starling Bank said this week that it raised £75 million ($96 million). Revolut sparked a media frenzy when it used (or appeared to use) customer-spending data in a Valentine’s Day ad campaign. Such marketing is common in the payment business, but attitudes may have changed after the Facebook-Cambridge Analytica scandal. What does JPMorgan see in crypto now that it didn’t before? The biggest US bank by assets says its JPM Coin will represent one-for-one dollars held in its accounts, and will be used to make instantaneous payments. If a JPM Coin is supposed to be worth $1, what is a Binance token worth? According to Quartz’s valuation, the popular crypto exchange’s coin (currently trading for around $9) is about 1,000-times overvalued. Heard on headphones “It’s shocking if you come from traditional markets to s

3 days ago

Mastercard Teams Up With Stellar Fintech Startup

It may have taken some time, but legacy finance is starting to join the crypto crowd. In addition to Visa and JPMorgan, Mastercard is starting to #buidl on the blockchain, after joining hands with a Stellar-based technology company. In a press release, Token.io Limited announced it had been selected by Mastercard - which processes 3.4bn transaction every day - to develop an “open banking hub.” According to the fintech startup, Token.io will develop the payment giant’s connectivity layer, helping to connect merchants and retailers to financial services. The move is part of Mastercard’s push for a “pan-European directory” for financial services, increasing connectivity between financial institutions and third-party providers. Mastercard will also provide a dedicated dispute resolution mechanisms, as well as ensure legal and regulatory compliance. It’s a big step up for Token, a San Francisco-based startup whose goal is to “make it as easy to send money globally as it is to send an email or text message,” according to its website. In order to do that they provide a financial API, TokenOS, as well as a dollar-backed stablecoin on the Stellar (XLM) blockchain, Token X. Although the new partnership will allow Mastercard to leverage blockchain technology, there are no plans, as of yet, for the company to use virtual currencies. Token.io Limited is authorized as an Account Information Service Provider and a Payment Initiation Service Provider by the UK’s Financial Conduct Authority (FCA). “Fragmentation and a lack of consistency in third party access are creating complexity in open banking, ” said Token.io CEO, Steve Kirsch. “So we welcome the chance to work with Mastercard and leverage Token’s open API platform, to address these issues at scale and together accelerate the global adoption of open banking.” A Stellar move by Mastercard It’s also another step forward for Mastercard, following close behind Visa and JPMorgan in exploiting developing financial technologies. “Open banking has the potential to revolutionize how we all interact with financial services,” said Mastercard Senior Vice President Jim Wadsworth, who is leading the development. “Our API-led solutions will make it easier for financial institutions and third parties to act on the opportunities and create innovative banking and payments experiences for people’s everyday lives,” he added. “Token’s work in this space will help us to deliver the vision we’ve set.” This isn’t Mastercard’s first foray into blockchain. Last December the company placed a $298M bid on Ripple’s partner Earthport, to expand its offerings in cross-border remittances. However, the tables were reversed last week, when Visa raised its bid to $320 million. The Mastercard foundation has also invested heavily in SendFriend, a remittance service based on Ripple’s xRapid and XRP cryptocurrency. The author is invested in Stellar and XRP, which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Mastercard Teams Up With Stellar Fintech Startup appeared first on Crypto Briefing.

3 days ago

Hungry Users of the New Lightning App Can Now Buy Pizza Using Bitcoin

CoinSpeaker Hungry Users of the New Lightning App Can Now Buy Pizza Using Bitcoin You definitely have heard about the man who made a history paying 10,000 Bitcoins for two pizzas. It was in 2010. But it’s not the end of the relationship between pizza and Bitcoin. This week more than 150 people have bought pizza with Bitcoin. No, it’s not a flash mob. It’s a new opportunity available in the Lightning Network app. Domino’s Enters the Crypto World Domino’s Pizza, a pizza restaurant chain that was founded in 1960 in the US, has seriously expanded since that time. But now it has decided to enter not a new country but a new world - the crypto world. Now it is one of those stores that accept payments made in the world’s major crypto Bitcoin. As Domino’s has added BTC to its payment options, its hungry customers, who want to eat their favorite pizza, can pay using their crypto assets. The payments are to be conducted via the Bitcoin Lightning Network which is a second layer protocol designed to solve the scalability and transaction speed issues of the Bitcoin blockchain. Lightning Pizza Lightning Pizza app has been developed by a seven-person startup staying behind San Francisco-based Bitcoin payment app called Fold. And according to the developers, it has all chances to become the “first Nation-wide retail service powered by lightning payments meant to spread utility and spur awareness and adoption.” The company promises that “every order is 5% off, <$0.01 transaction fees, instant settlements and ~30min delivery time.” But it is only the first phase of the service development, some errors are quite explicable. As it was reported, not all users had managed to order everything they wanted via the app. Fold Services It’s not the first experience for Fold in providing customers with an opportunity to pay for various products using Bitcoin. For example, it is already possible to make crypto payments for Starbucks products and Uber services. Moreover, the company is planning to integrate lightning for other its shopping options, including Whole Foods, Dunkin Donuts, and Target. But it is not an example of official partnerships with brands, that’s why Fold needs to place orders on behalf of its users and then to convert payments to fiat. At the current moment, it is still unclear what impact such a model has on the company’s revenue. Speaking about their initiative with lightning, Fold product lead Will Reeves said that one of their aims is to show the community that we have already reached the point when the technology is ready for mass adoption. The startup serves roughly 1,500 users per month. Since the launch of its first version in 2014 it has already facilitated approximately 35 000 Bitcoin transactions and now the team is planning to build mobile versions of the Fold app for both Android and iOS devices. Hungry Users of the New Lightning App Can Now Buy Pizza Using Bitcoin

4 days ago

Securitizing the Future of Finance

Previously, we have covered Columbia University-IBM Accelerator and had spotlighted one of the ten accelerated companies Connecting Food. Today, we highlight another company that was amongst the selected few: Securitize - “The Compliance Platform For Digitizing Securities on the Blockchain”. To learn more about the company and its vision, we interviewed Carlos Domingo, its CEO and co-founder. Mr. Domingo is a Barcelona native who holds a Ph.D. in computer science from Universitat Politècnica de Catalunya and an Executive MBA from the Stanford Business School, and he is a co-founder in Spice VC, the very first fully tokenized VC fund. Carlos Domingo. Company Background “Securitize is born out of Spice VC, when we first started fundraising for Spice in 2017, the term “security token” hadn’t yet existed and there were no security token issuance platforms”, notices Mr. Domingo. Spice VC token ended up being the first security token issued through Securitize. Additionally, tokens for Blockchain Capital, Lottery.com and several others have been issued through the platform. Being a technology platform, Securitize doesn’t require any licensing. However, there is quite a bit of compliance work involved. For each new client, a lot of time is spent with the legal team to make sure that all the procedures and workflows meet the client’s compliance requirements, which will vary by asset class and jurisdiction. Meanwhile, the company is in the process of obtaining a broker-dealer license that will allow it to charge clients a percent-based commission for the fundraising instead of a fixed fee. For now, Securitize is focused on the tokenization of three asset classes: funds, mid and large-cap stocks, and real-estate. In March, a new major asset class will be introduced - debt, starting off with commercial paper and syndicated loans. In terms of real estate, we are actively looking into the Southeast Asian market, Thailand in particular. We hope to be the first company to be involved in the tokenization of real estate over there. Technology According to Mr. Domingo, the major advantages of tokenizing real and financial assets are compliance, automated payouts (such as dividends), fractional ownership, liquidity, and traceability. Amongst the downsides are lack of understanding (on the part of the finance professionals), lack of sophistication (“we don’t yet know how to tokenize more complex derivatives”), and the dearth of custodians for digital assets. The first tokens that were issued on Securitize platform were being minted on Ethereum. However, due to scalability issues, the company started looking into other blockchain platforms. “We are blockchain agnostic”, says Mr. Domingo. “We are exploring other major blockchains; in the long-run, we don’t know which one will survive. We have been approached by smaller blockchain platforms, however, it doesn’t make sense for us. We don’t believe they’ll survive”. Recently, the news came out about Securitize tokenizing Elevated Returns’ real-estate assets on Tezos. Tezos is great. We approached them and they were very helpful. Actually, they had to develop a token framework specifically for us. Since the company has joined the Accelerator and IBM is a big supporter of Hyperledger, we had to ask whether Securitize is looking into using Hyperledger Fabric as one of the platforms? - “We do, some clients prefer a private blockchain. The debt issuance will be done on Hyperledger”. What are your expectations from the Accelerator? “Now, we are at IBM Think in San Francisco. The quality of people and content from IBM is very high. We have also had some interactions with Columbia faculty, which is great. And we may end up hiring a Columbia Business School student assigned to us”. The post Securitizing the Future of Finance appeared first on Crypto Insider.

4 days ago

Signature Bank Claims It Has Something Like ‘JPM Coin’ for Two Months Already

CoinSpeaker Signature Bank Claims It Has Something Like ‘JPM Coin’ for Two Months Already One of the biggest players, J.P. Morgan Chase, plans to launch what is considered to be the first cryptocurrency backed by a major bank - JPM Coin, a move that could legitimize blockchain as a vehicle for fiat cryptocurrencies. While crypto-land is abuzz about JPMorgan’s plan to move U.S. dollars around via blockchain, a smaller New York bank has actually already been doing this for nearly two months. Signature is one of the few banks in the U.S. that will provide deposit accounts to cryptocurrency startups, a group that also includes fellow New Yorkers at Metropolitan Bank and Silvergate Bank in San Diego. But while these clients were the first group to adopt Signet, the bank says non-crypto businesses are signing up as well. In addition to the previously announced American PowerNet, an independent electrical power trading firm that made Signet the payments platform for its renewable energy customers, DePaolo said Signature is bringing on two other “ecosystems” where rapid movement of money and property is important. Since launching at the start of the year, Signature Bank’s blockchain-based Signet system has on-boarded more than 100 clients who are using it to send each other millions of dollars a day, 24/7, Joseph J. DePaolo, president and CEO at Signature Bank said: “We can say there are trades going on in the millions some days and tens of millions other days and I would say the number of clients we have is in the triple digits.” But while these clients were the first group to adopt Signet, the bank says non-crypto businesses are signing up as well. He also said Signature is in talks with a title insurance company. Explaining why such an entity would be interested in real-time payments, he said: “If you’ve ever been involved in a commercial real estate closing, usually all the lawyers are sitting around eating lunch waiting for the wire transfer.” Signature chairman Scott Shay claimed the broad uses of Signet sets it apart. He says: “If you happen to be an exchange [SEN] is useful, but we developed Signet to be tailored to a wide variety of industries. It’s not crypto exchange-focused.” Returning to JPM Coin, Shay pointed out that Signet has already received approval from the New York State Department of Financial Services (NYDFS). By contrast, JPMorgan said in its announcement that as it gets ready to launch the new product, “we will actively engage our regulators to explain its design and solicit their feedback and any necessary approvals.” “The difference is we are actually out there doing this,” Shay concluded. Signature Bank Claims It Has Something Like ‘JPM Coin’ for Two Months Already

4 days ago

Signature Bank Has Something Like ‘JPM Coin’ for Two Months Already

CoinSpeaker Signature Bank Has Something Like ‘JPM Coin’ for Two Months Already One of the biggest players, J.P. Morgan Chase, plans to launch what is considered to be the first cryptocurrency backed by a major bank - JPM Coin, a move that could legitimize blockchain as a vehicle for fiat cryptocurrencies. While crypto-land is abuzz about JPMorgan’s plan to move U.S. dollars around via blockchain, a smaller New York bank has actually already been doing this for nearly two months. Signature is one of the few banks in the U.S. that will provide deposit accounts to cryptocurrency startups, a group that also includes fellow New Yorkers at Metropolitan Bank and Silvergate Bank in San Diego. But while these clients were the first group to adopt Signet, the bank says non-crypto businesses are signing up as well. In addition to the previously announced American PowerNet, an independent electrical power trading firm that made Signet the payments platform for its renewable energy customers, DePaolo said Signature is bringing on two other “ecosystems” where rapid movement of money and property is important. Since launching at the start of the year, Signature Bank’s blockchain-based Signet system has on-boarded more than 100 clients who are using it to send each other millions of dollars a day, 24/7, Joseph J. DePaolo, president and CEO at Signature Bank said: “We can say there are trades going on in the millions some days and tens of millions other days and I would say the number of clients we have is in the triple digits.” But while these clients were the first group to adopt Signet, the bank says non-crypto businesses are signing up as well. He also said Signature is in talks with a title insurance company. Explaining why such an entity would be interested in real-time payments, he said: “If you’ve ever been involved in a commercial real estate closing, usually all the lawyers are sitting around eating lunch waiting for the wire transfer.” Signature chairman Scott Shay claimed the broad uses of Signet sets it apart. He says: “If you happen to be an exchange [SEN] is useful, but we developed Signet to be tailored to a wide variety of industries. It’s not crypto exchange-focused.” Returning to JPM Coin, Shay pointed out that Signet has already received approval from the New York State Department of Financial Services (NYDFS). By contrast, JPMorgan said in its announcement that as it gets ready to launch the new product, “we will actively engage our regulators to explain its design and solicit their feedback and any necessary approvals.” “The difference is we are actually out there doing this,” Shay concluded. Signature Bank Has Something Like ‘JPM Coin’ for Two Months Already

4 days ago

Lightning Pizza permite ordenar en Domino’s Pizza pagando con Bitcoin

El servicio se encuentra actualmente en una fase inicial, y la tarifa de transacción por compra vale menos de un centavo de dólar estadounidense. *** (adsbygoogle = window.adsbygoogle || []).push({});Hace unos días se lanzó una nueva aplicación para el consumidor que permite a cualquier persona en los EE UU ordenar una pizza con Bitcoin a través de Lightning Network.Lightning Pizza, la última oferta de la aplicación de pago Bitcoin Fold con sede en San Francisco, afirma ser el “primer servicio minorista en todo el país que funciona con pagos Lightning para difundir la utilidad y estimular el conocimiento y la adopción“.Los usuarios pueden seleccionar una Domino’s Pizza para ser entregada en cualquier dirección de los EE UU.El pago se realiza con Bitcoin, utilizando específicamente Lightning Network, lo que permite que la transacción fuera de la cadena se confirme casi instantáneamente con una tarifa de menos de un centavo de dólar estadounidense. El proyecto en fase inicialLos desarrolladores aseguran que “cada pedido tiene un 5% de descuento, menos de USD $ 0,01 en tarifas de transacción, liquidaciones instantáneas y tiempo de entrega de aproximadamente 30 minutos”.El servicio se encuentra actualmente en una fase inicial, y los usuarios informaron que no pudieron acceder a la gama completa de productos Domino’s Pizza disponibles a través del proceso de pedido del menú regular. Lightning alcanza nuevas alturasEl lanzamiento de Lightning Pizza llega en un momento oportuno para Lightning, y la iniciativa Lightning Torch genera una publicidad considerable para el protocolo.Tras la confirmación del lanzamiento completo el 13 de febrero, Fold insinuó los planes de expansión para Lightning Pizza en las redes sociales. Estos incluyen soporte para más opciones de entrega, así como la expansión fuera del mercado de los EE UU, con Canadá como primera opción.Actualmente, Fold ya ofrece a los usuarios la opción de pagar productos de Uber, Starbucks y otras marcas con Bitcoin.El servicio también debería funcionar pronto en la Unión Europea, comentaron los funcionarios, sin dar detalles específicos del país.Según el recurso de monitoreo de datos 1ML, al momento de la publicación de esta noticia, Lightning alcanza 6.272 nodos. Además cuenta con 26.796 canales y una capacidad de 687,55 BTC, con un incremento de 33 por ciento. Fuente: BitcoinistTraducción de Mayi Eloísa Martínez/DiarioBitcoinImagen de Unsplashbitcoin, Domino’s Pizza, Dominos, Estados unidos, Fold, Lightning, Lightning Network, Lightning Pizza, Pizza, San FranciscoAdvertisements (adsbygoogle = window.adsbygoogle || []).push({}); The post Lightning Pizza permite ordenar en Domino’s Pizza pagando con Bitcoin appeared first on DiarioBitcoin.

4 days ago

Ripple and XRP face new challenges as JP Morgan launches new stablecoin, JPM coin

JP Morgan launched its own stablecoin on February 14 and after being used for just one transaction, it has been applauded and called by some as the game changer for digital assets, reported Bloomberg. The company hopes that its clients soon use JPM coins for cross-border payments, which would pose serious competition for the more prominent blockchain company, Ripple. This new coin is a direct challenge to Ripple and its digital currency, as per Tom Shaughnessy, principal at Delphi Digital which is a crypto research boutique in New York. The third largest cryptocurrency as per market cap, XRP could be used to carry out faster transactions for lower cost with respect to cross-border payments. Ripple has been in the business for long and has been aiming to replace the SWIFT network used by banks, individuals, and businesses to carry out financial transactions. While JP Morgan registers transactions worth $5 trillion in wholesale payments every day, such a step could have a huge impact on its rivals. Shaughnessy said: “This is a huge slap in the face for Ripple. Ripple’s target market is cross-border payments and remittances and now JPMorgan’s effort is a direct threat.” As per the publication, Ripple’s CEO Brad Garlinghouse dismissed the impact of the coin’s launch and tweeted saying: “As predicted, banks are changing their tune on crypto. But this JPM project misses the point- introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and bank coins still aren’t the answer.” The San Francisco-based company has claimed that it has more than 200 banks and payment providers on its Ripple Network, which also includes Japan’s Mitsubishi UFJ Financial Group Inc. and Standard Chartered PLC, as per their website. Travis Kling, the Los Angeles-based founder of crypto hedge fund Ikgai Asset Management had this to say: “JPM’s project is much more evolutionary than revolutionary — it is utilizing a private, permissioned blockchain technology called Quorum, which is much closer to a Google Sheet than a Bitcoin. The project is clearly competing directly with Ripple Labs and their centralized cryptocurrency XRP.” The JPM coin, unlike XRP, is pegged to the dollar, thus offering a stable medium of exchange for the people, while XRP was trading above $3 in early 2018 and has gone down to 30 cents currently. Shaughnessy added: “The JPM Coin is a stable coin whereas XRP is anything but stable. That’s going to be a very contentious point for banks who don’t want the currency in which they make payments to be volatile.” The post Ripple and XRP face new challenges as JP Morgan launches new stablecoin, JPM coin appeared first on AMBCrypto.

4 days ago

Costa Rica: A Rising Crypto Paradise?

Much has been written about the unfriendly regulation, stance or even criminalization of cryptocurrencies that some countries have adopted. Indeed, Bangladesh has taken its war on crypto to the next level by passing laws which enable cryptocurrency holders to be sentenced to 12 years in prison. Other countries like Switzerland, the home of the aptly named ‘Crypto Valley’, the crypto island of Malta and Singapore have gone against the grain and welcomed blockchain projects with open arms. With such a disparity and polarization of attitudes to cryptocurrency and crypto projects, it’s not surprising that crypto projects and developer communities are relocating themselves to these crypto havens. Maybe hardline countries like Bangladesh, Bolivia, and Egypt will wake up one day and realize that they have excluded themselves from perhaps one of the greatest opportunities of our lifetime. For now, crypto talent is becoming increasingly concentrated in these havens for innovation. In this article, we’ll take a deeper look at Costa Rica and explore why this small Central American nation is one of the fastest growing crypto paradises on the planet. How Pro Crypto Is Costa Rica? Cryptocurrency is all about creating and deploying alternative payment systems and enabling it to be used as a medium of exchange. The most powerful medium of exchange is probably the direct trading of a person’s’ time for value. After all, most people need a salary to live on and enabling crypto salary payments means that workers have a real choice to accept cryptocurrency over fiat. Needless to say, in the vast majority of countries in the world prohibit employees from accepting crypto as a means of salary payment. In Costa Rica, things are a little different. It is one of the only countries in the world that employees can legally take their salary in crypto. However, there are terms and conditions attached. In Costa Rica, salary payments up to the minimum wage must be paid in fiat and anything over that can be legally paid in crypto. That means that any salary payments over €383.90 per month can be paid in crypto. Yes, it would be nice for the Costa Rican government to enable crypto payment for any level of salary payment. However, this regulatory stance just goes to show how progressive the country is when it comes to alternative payment methods. Costa Rica’s friendly stance to crypto hasn’t gone unnoticed by blockchain businesses, with many seriously considering relocating, or having moved, to the Central American nation. It is also not surprising that Costa Rican crypto adoption levels are rising quickly and that provides blockchain businesses with a unique opportunity to get feedback on their product from real users. The nation is also home to one of the most biodiverse areas in the world and has some of the most breathtaking scenery. We imagine that the draw of increasing crypto adoption, friendly regulation, and an outstanding environment, will only strengthen and enhance the appeal of this emerging crypto paradise. Source: upackweship.com What Other Factors Make Costa Rica A Crypto Paradise? Unlike tech movements like the dotcom boom of the late 1990s, cryptocurrency is a global phenomenon. This has led to many blockchain projects taking a ‘go anywhere’ approach to business operations, with many trying to secure a presence in key global regions. Infrastructure: Great internet connectivity lies at the heart of every crypto project. However, many countries are dependent on a single fiber optic connection to deliver the bulk of the bandwidth to a single country or region. In 2006, an earthquake in Asia managed to cause damage to both the Asia Pacific Cable Network and the SEA-ME-WE-2 link. The result was a significant disruption to internet service providers in Taiwan, Singapore, South Korea, and Hong Kong. One of the draws of Costa Rica is that it enjoys one of the best online infrastructure in the world and enjoys access to four major networks: MAYA-1 ARCOS-1 PAC A terrestrial fiber optic network. Source: CINDE This means that unless there is nuclear Armageddon in the region, then chances are that blockchain teams working in Costa Rica will still be able to maintain their networks, manage remote teams from around the world and continue to work on their projects. Costa Rica is also home to one of the biggest renewable energy outputs on the planet. Sure, crypto mining may not be too profitable in early 2019 but 90% of all power produced by the Central American nation comes from renewable sources. This abundance of renewable energy makes Costa Rica one of the more profitable places in the world to mine cryptocurrency. Source: CINDE Politics: For any crypto team wanting a base of operations in the Latin American region, Costa Rica is certainly one of the safest country choices out there. Yes, crypto pioneers like to push new frontiers in tech, however, most teams like to do this in safety. Unfortunately, the Latin American region has be

4 days ago

Bitcoin ATMs Burst on the Scene, Ripple Announces XRP Upgrade, and Tron Targets Ethereum and EOS: Crypto Update

Ripple has announced the latest upgrade to the XRP Ledger. A new release from the San Francisco-based startup says version 1.2.0 is designed to bolster security and prevent any single entity from deciding which transactions are approved.

4 days ago

Replay and Transcript: Multicoin Kyle Samani on CZ, Binance Chain, and Binance Blockchain Week

In this episode of the podcast, we are sharing a replay of a conference call with Kyle Samani that we held for our Premium subscribers. To learn how to become a premium subscriber, check it out here Kyle Samani is a Managing Partner at Multicoin Capital. In mid-January, Kyle went to Singapore and attended the first-ever Binance blockchain week. In this call, Kyle shares his conversation with CZ, Binance employees and the companies that he met there. Additionally, Kyle talks about his thoughts for Binance chain and his observation of general crypto sentiment in Asia. What will 2019 look like for Binance as they kick off with the strategic investment and partnership with Vertex ventures to create a fiat to crypto exchange in singapore? Will this city state going to be a new home for Binance permnanetly? Held in January 2019, Binance Blockchain Week was Binance’s first conference in Singapore and one of the largest public event held by the exchange. We last spoke with Kyle at World Digital Asset Summit in December and shared it in a podcast with our readers. Other recent, notable writings from Kyle include Questions from the Crypto Idea Maze and What P2P Markets are Better Decentralized Conference Call Transcript Joyce Yang For everyone’s information, the call is recorded. If you’d like to ask a question or you like to have your question asked anonymously, you can email me at joyce@globalcoinresearch.com and I would come ask the question for you. I want to point to participants who are in a listen only mode, later you have time to ask the questions. So it’s my pleasure now to start our conversation with Kyle Samani,managing partner of Multicoin Capital. So Kyle was in Singapore last week at Binance Blockchain week which was the first Binance Blockchain event that took place in Singapore and arguably the largest public event held by the exchange. So Kyle, if you could start off by introducing yourself quickly and why don’t we go right into what you saw at Binance. Kyle Samani Yeah, happily Joyce, thanks so much for having me on. I’m excited to be here. So quick background on myself, I launched Multicoin Capital in October 2017. So I’ve been running the firm for 15-16 months now, managing about 18 million dollars or so. I’ve got 13 employees, they work with us. We are a hedge fund structure, so we do participate in secondary markets, we also do some venture-style deals in the primary markets as well. We are pretty technical and pretty familiar with some of the crypto landscape, and we’re pretty well-known for our blog and all that. Joyce Yang So let’s dive right into Binance Blockchain week. What were you doing there, what did you wanted to accomplish by going there and maybe some high level takeaway for our listeners right now? Kyle Samani So my primary motivation in going was to learn more about the Binance organization and kind of meet the team and really know these people are how they operate. It’s been our view for quite some time that Binance is really the most systemically important organization in encrypted ecosystem. They are by far the largest exchange for Bitcoin as well as most top coins. They in our view are generally probably the best operated exchange. Their rise has been pretty mediocre, and over the course of 2018 as the market have cooled down, Binance generally been consolidating in terms of increasing its market share, taking market share from competitors. The Binance team although they are pretty globally distributed, both of the employees are in Asia, and so we’re already rather close with most of the major US exchanges. So it was kind of my admission to go learn about kind of all kinds of nutty gritty details about the firm that are not you know clearly visible to the public and to build relationships with the Binance organization. So that was my primary motivation and going. They did ask to speak, so obviously that was the kind of nice thing and just kind of a good catalyst to build a relationship. I think that was part of your question Joyce, I don’t remember the second part. Joyce Yang Just quickly on kind of your summary of the top takeaways and then we could try to dive into the details a little bit more of it. Kyle Samani Yeah, so I said the biggest takeaway is actually how committed the Binance employees are to the organization. So Binance provides employees options on how they want to receive their salary, not just like equity in terms of Bnb but actually how they receive their salary. And they have the option to receive salary either sub partially or entirely in Bnb tokens. And I was shocked at how many of the Binance employees I met, could take 100% or near 100% of their salary in Bnb. Now, I’m sure they’re liberating some of that to pay the bills because I obviously probably can’t pay rent in Bnb tokens, but the fact may be that these people are taking 70, 80, 90 percent of their salary in Bnb, tells you they’re keeping a lot of it in Bnb. So these people are really

4 days ago

Over 3,000 Walgreens drugstores accept Alipay payments, more to follow

Chinese online payment platform Alipay is now available in more than 3,000 Walgreens drugstores in the U.S., according to a press release. Alipay is dedicated primarily to Chinese tourists who drive the adoption of mobile payment methods like Alipay and WeChat Pay abroad. First Walgreens drugstores to implement Alipay are situated in cities most frequented by Chinese tourists, such as New York City, San Francisco, and Las Vegas. More are expected to follow; Alipay should be available in over 7,000 stores across the U.S. by April. “Alipay’s offline, in-store payment service is offered in more than 40 countries and regions, so we are excited to partner with a company that has been trusted across America since 1901, and is constantly evolving to provide more Chinese consumers with a seamless and familiar way to pay,” said Yulei Wang, general manager of Alipay North America. Among merchant partners, it has Octoberfest. Besides providing a mobile payment method, Alipay also launched the Octoberfest in-app guide to help tourists make the most of the event. The post Over 3,000 Walgreens drugstores accept Alipay payments, more to follow appeared first on The Block.

4 days ago

Ripple Security Case: The Decision May Still Take Some Time To Come Says Lawyer Chervinsky

One of the most awaited legal judgments that the crypto world is waiting for is the case pertaining to Ripple(XRP) being security or not. But according to the latest update put forward by Lawyer Chervinsky, the wait could just get a little longer as the presiding judge has vacated the next week’s case management conference. Will Ripple’s wait gets over in February or will it stretch longer? Well, the debate whether Ripple is a security or not could stretch a little longer as the next case management conference for the case(s) with respect to Ripple being security or not has been vacated by presiding judge Hamilton. This update came as a tweet from Jake Chervinsky, who is a lawyer himself and is keeping a close eye on the Ripple case along with many other cases where cryptos are involved. Ripple litigation update: Today, Judge Hamilton heard oral argument on the plaintiffs' motions to remand & decided to cancel next week's case management conference. This implies her decision will take a while ... or the case is going back to state court.https://t.co/L9kRmRv500 — Jake Chervinsky (@jchervinsky) February 14, 2019 Chervinsky has sighted a variety of reasons why Judge Hamilton could have canceled the hearing. According to him, Judge Hamilton might need some time to think over her decision or she may just move this case back to the state court. While Chevinsky says these reasons could be a probability, things could be as light as “so the parties wouldn’t have to show up again next week. Or maybe she’s going out of town” It also could mean nothing at all. Maybe Judge Hamilton decided to handle the case management conference today so the parties wouldn't have to show up again next week. Or maybe she's going out of town. I'm watching for a quick decision though, maybe by the end of February. — Jake Chervinsky (@jchervinsky) February 14, 2019 He believes if there is a quick decision coming it could only be as early as the end of February. Ripple has been amidst debate for quite some time regarding it being security or not because of the centralization claims. Currently, it is defending one lawsuit which is a combination of three cases in California courts which include Two state cases in San Mateo County, brought by plaintiffs Zakinov & Oconer and one federal case in the Northern District of California, brought by Greenwald. Initially, Ripple had four cases are security class actions and all of the cases allege Ripple for the same thing that is XRP is security and Ripple violated state & federal law by failing to register it before offering, promoting, and selling it to retail investors. An excerpt investor Zakinov class action lawsuit complaints the following “XRP, despite its name as a ‘token,’ is actually security under California law. In particular: (i) Ripple uses the funds it raised from the sale of XRP to fund its business ventures; (ii) the Company indiscriminately offers XRP for sale to the public at large; (iii) plaintiff and the Class (as defined herein) are effectively powerless to control the success of Ripple and XRP; and (iv) plaintiff and the Class members’ investment is substantially at risk and is without any security.” But in November 2018, Attorneys for Ripple Labs and its affiliated defendants filed to move a consolidated class-action lawsuit from its previous venue at the San Mateo Superior Court to the U.S. District Court, Northern District of California as the consolidated suit matches the requirements for a case to be brought before the higher, federal court. This consolidation clubbed the three cases filed by plaintiffs Avner Greenwald, David Oconer and Vladi Zakinov while the fourth suit filed by Ryan Coffey was voluntarily dismissed by the plaintiff, though Ripple’s attorneys later filed to have it related to Zakinov’s suit. While the debate is still on, everyone has their eyes stuck on to judge Hamilton’s next move. It would all joys on the street for XRP if the case goes in favor of Ripple but if it goes against it or moves back to state courts it could see a knee jerk sell-off. Will Ripple get a decision soon or will the wait continue? Do let us know your views on the same. The post Ripple Security Case: The Decision May Still Take Some Time To Come Says Lawyer Chervinsky appeared first on Coingape.

4 days ago

PR: Bitcoin PR Buzz Announces January PR Sale with $200+ Discounts

Bitcoin Press Release: The world’s first blockchain PR agency Bitcoin PR Buzz is pleased to announce price reductions of up to $200 throughout the month of January. January 14th, 2019 Belize City, Belize, - To celebrate the start of another year for crypto, Bitcoin PR Buzz are offering up to $200 off all PR packages, during January 2019. With over 5 years experience and over 600 clients, Bitcoin PR Buzz has worked with some of the biggest names in the industry including ARK, LISK, and UTRUST. Bitcoin PR Buzz’s upgraded Bitcoin press release services include guaranteed publication of not just press releases, but also featured articles on BitcoinNews.com, CCN.com, The Merkle, Coinspeaker, Oracle Times, The Bitcoin News, Cripto Noticias, Criptomoedas Facil, ZYCrypto.com, Bitcoin News Latin America, Brazil, Arabia and Indonesia, and PR publication on 200-400 other online news outlets including Yahoo Finance, Marketwatch, Reuters.com, NBC, Fox, WND.com, Digital Journal, International Business Times, San Diego Tribune, Boston Globe and much more. New Services During the winter of 2018, Bitcoin PR Buzz announced two new services, which join their pre-existing offerings: Social Media Management Services - Covering Twitter, Facebook, and Instagram, your university-trained, native English speaking Social Media Manager will provide analytics and take fortnightly conference calls to keep your message and strategy as impactful as possible. Professional Copywriting Service - Research-driven, emotive and engaging copy is Bitcoin PR Buzz’s specialty, and a highly experienced team of writers ensure that work is to the highest of standards. Bitcoin PR Buzz is also now announcing the ability to secure featured articles and interviews on a range of top-tier mainstream news sites, that are created by industry-leading journalists. January Discounts At the end of 2018, Bitcoin PR Buzz reduced package prices by up to $800 and added 200 new sites including Yahoo Finance. In January 2019, Bitcoin PR Buzz is giving clients a further 5% discount on all packages and services which can be paid for in Bitcoin, Ethereum and Litecoin. This means that some packages now carry a $1,000+ lower price tag than this time in November. For more information please visit the website, or to speak to a London-based Account Manager today, contact the team at contact@bitcoinprbuzz.com. Follow Bitcoin PR Buzz on Twitter - https://twitter.com/BitcoinPRBuzz Keep up to date on Facebook - https://www.facebook.com/BitcoinPRBuzz/ Connect on LinkedIn: https://www.linkedin.com/company/bitcoin-pr-buzz/ Media Contact Details Contact Name: Alex Thurston, Bitcoin PR Buzz COO Contact Email: contact@bitcoinprbuzz.com Bitcoin PR Buzz is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 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: The post PR: Bitcoin PR Buzz Announces January PR Sale with $200+ Discounts appeared first on BitcoinNews.com.

4 days ago

Lightning Pizza Lets You Order Domino’s With Bitcoin For Less Than 1 Cent

A new consumer app enabling anyone in the US to order pizza using Bitcoin via the Lightning Network launched last week. LN Pizza ‘Spurs Awareness And Adoption’ Lightning Pizza, the latest offering from San Francisco-based Bitcoin payment app Fold, claims to be the “first Nation-wide retail service powered by lightning payments meant to spread utility and spur awareness and adoption.” Users are...

4 days ago

Samsung SDS Announces Reveals Application To Speed Up Blockchain Transactions

Samsung SDS, the IT arm of South Korean tech giant claims to have developed a technology to speed up blockchain transactions. It was presented at the IBM Think 2019 conference in San Francisco. Called the Nexledger Accelerator, it can be applied to the Hyperledger Fabric. Samsung claims to achieve a "significant improvement" in transaction speeds, without giving any numbers. The program has been published on Github for other developers to test and expand on. Additionally, Samsung SDS would be joining the IBM Blockchain Platform Board. (VS)

5 days ago

Coinbase Just Paid a $30K Bounty for the Discovery of Critical Bug

San Francisco-based crypto exchange desk Coinbase has just forked out a $30,000 bounty to the finder of a critical bug in its systems.

5 days ago

GoChain’s Director of Business Development, Ian Alexander, i...

GoChain’s Director of Business Development, Ian Alexander, is in San Francisco for @IBM #Think2019. If you’re in th… https://t.co/hqpXXEiXe3

5 days ago

New York Federal Reserve says Cryptocurrency Won't Challenge the Dollar in the Short or Mid-Term

A recent research report published by the New York Federal Reserve argued that despite the appearance of cryptocurrency mainstreaming into conventional finance, it will not overtake or challenge the dollar in the short to medium term. The San Francisco Federal Reserve made similar comments last April when it said, “Cryptocurrency doesn’t pass the basic test of what a currency should be” and the bank suggested that without these characteristics, digital assets could not be considered currency. These bearish comments contrast against the opinion of financial and technology sector entrepreneurs like Twitter CEO Jack Dorsey who recently restated his belief that Bitcoin would become a global “currency of the internet” at some point in the future. The Fed report also claimed that current evidence shows that "the dollar remains the world's dominant currency by broad margins [and] alternatives have not grained extensive​ traction." (RS)

5 days ago

Are you going to #DEVWEEK19 in San Francisco? RSVP to our co...

Are you going to #DEVWEEK19 in San Francisco? RSVP to our community meetup, happening Feb. 22 from 5-8pm! Meet our… https://t.co/XKrHM0bQA1

7 days ago

'Role Eliminated': Ripple Exec Cory Johnson's Services No Longer Required

Cory Johnson, who joined Ripple Labs on March 9th, 2018 as the company’s chief market strategist, has reportedly left his role at the San Francisco-based fintech firm. Although it’s currently not clear why Johnson has parted ways with Ripple, it appears this his role was eliminated by the company. While working for Ripple Labs, Johnson had primarily acted as a spokesperson for the firm....

7 days ago

We'll be in San Francisco for #DEVWEEK19! Join us for @thefr...

We'll be in San Francisco for #DEVWEEK19! Join us for @thefrenkel's session, 'How developers will drive mainstream… https://t.co/qKN2DhRmdM

7 days ago

Crypto Adoption in Real Estate Continues to Grow Despite Market Downturn

As bear market conditions continue to affect the cryptocurrency market, adoption in the sector of real estate and property transactions continues to be on the uptrend. The Australian real estate market is becoming a crypto listing hotspot with recent reports indicating that in some instances homeowners actually prefer payment in cryptocurrency as opposed to the Australian Dollar. Even in the US, where regulations surrounding cryptocurrencies are still cloudy, you can find apartments in San Francisco and vacant lots in Pennsylvania currently available for purchase via cryptocurrency payment. (JF)

8 days ago

Analyzing Vitalik Buterin’s Statement About Cryptos that are “Centralized Piles of Trash”

Co-founder of Ethereum, Vitalik Buterin, spoke at the Blockchain Connect Conference in January about Casper CBC and Ethereum 2.0, but also criticized blockchains that boast their speed, calling them “centralized piles of trash.” At the Blockchain Connect Conference in San Francisco, the audience asked Vitalik whether CBC Casper was being designed with any transaction throughput […]

10 days ago

For Blockchain Gaming Companies, It’s Like the Early Days of the App Store

In January, basketball legend Kobe Bryant shared the stage with 28-year-old Tron CEO Justin Sun at the glitzy NiTROn Summit in San Francisco, where Sun’s blockchain-based cryptocurrency company entertained more than 1,000 attendees at its first-ever developer conference. Beauty pageant winners held the doors at the Yerba Buena Center for the Arts Theater, where Apple’s […]

12 days ago

Vitalik Buterin: ‘EOS and Tron are ‘Centralized Piles of Trash’

CoinSpeaker Vitalik Buterin: ‘EOS and Tron are ‘Centralized Piles of Trash’ At a recent blockchain conference that happened in San Franciso, Vitalik Buterin, Ethereum creator, answered a question about whether an Ethereum upgrade would have “any transaction throughput goals.” Vitalik Buterin: ‘EOS and Tron are ‘Centralized Piles of Trash’

12 days ago

Harbor, a 116z-backed Startup Upgrades its Platform to Tokenize Private Equity

Earlier this week, San Francisco-based crypto startup Harbor, announced that it had launched version 2.0 of its tokenizing platform. In so doing, the platform would streamline the fundraising process to allow the issuing of private equity in a more liquid form. The added features include branded investor portals, issuer dashboards, and a Trusted Parties feature, which lets companies control trading and liquidity options. According to John Stein, Harbor's CEO, startups can now more liquid and controlled equity programs for employees and key external shareholders. (VK)

12 days ago

'95%' of Cryptocurrencies Will 'Die', Only a Few Will Be Useful, Veteran Analyst Claims

Matt Hougan, the head of research at Bitwise Asset Management, a San Francisco-based firm that helps “individuals, investment managers and institutions in navigating cryptocurrency”, has said that “95%” of the (approximately) 2,000 cryptocurrencies are “useless.” Hougan, the former CEO at ETF.com, a firm that educates investors on how to invest in exchange-traded-funds (ETFs), told Bloomberg’s...

12 days ago

Vitalik says Any Blockchain Project that Claims a High TPS is a Centralised Pile of Trash.

At the Blockchain Connect Conference Held in San Francisco, Vitalik said Any blockchain Project that claims a high tps because we have a different algorithm, is a centralized pile of trash running the project on a very small number of nodes. &#x200B; Source: [https://www.youtube.com/watch?v=EoNQUGsPvuU&feature=youtu.be&t=2634](https://www.youtube.com/watch?v=EoNQUGsPvuU&feature=youtu.be&t=2634) &#x200B; This is an important Point to consider as a lot of new and upcoming projects/ico claim a high tps as their main selling point.

12 days ago

Blockchain Lending Firm Dharma Labs Raises $7 Million From Investors, Including Coinbase Ventures

A report from The Block Crypto announced that Dharma Labs, a San Francisco-based blockchain lending company, raised $7 million from a group of investors including Coinbase Ventures. Dharma Labs will use the funds to complete its Lever product which is a platform that provides instant margin loans for cryptocurrency traders and high-volume investors. Dharma Labs marketing head, Max Bronstein, said that Lever is a competitive alternative to Genesis Global Trading and Lever will better facilitate peer-to-peer crypto lending. Bronstein explained that Lever allows both parties of a loan to be discoverable and this eliminates the need for a middleman broker as the transaction is carried out via blockchain smart contracts. Bronstein also said that Level users will have the advantage of being able to “take out loans against a number of different assets in sheer minutes [and] at almost half the cost offered by traditional lenders.” (RS)

13 days ago

First Grantee Spotlight of 2019! This episode we feature @ze...

First Grantee Spotlight of 2019! This episode we feature @zednodeofficial, a San Francisco based staking services a… https://t.co/R0G5mvm0mT

13 days ago

@RdTrebor 1/2 Much of our data you can’t find elsewhere. SAN...

@RdTrebor 1/2 Much of our data you can’t find elsewhere. SAN also gives you access to: - completely unique on-chai… https://t.co/uMCTkRmyon

13 days ago

Kraken Offers Cash-Settled Futures Trading in Light of $100M Acquisition

Kraken, the San Francisco-based cryptocurrency exchange operating in Canada, the EU, Japan, and the US has officially acquired Crypto…

14 days ago

Kraken Becomes First Crypto Exchange to Offer both Spot and Futures Trading after Crypto Facilities Acquisition

San Francisco-based digital asset exchange Kraken announced that it has acquired cryptocurrency futures broker Crypto Facilities and is reportedly on its way to completing a $100 million fundraising round. Futures Are Coming to Kraken According to a company press release, Kraken has purchased London-based cryptocurrency trading firm and index provider, Crypto Facilities, in a nine-figure...

14 days ago

Even During Crypto Winter, Blockchain Startups Hunt Full-Time Talent

Nathaniel Whittemore, who helps crypto projects with strategy and communications, shared that even in the crypto bear market, there are “a few strong projects” hunting full-time talent. He put the call on Twitter, asking projects who are hiring to respond with their needs. In response, the lead recruiter at 0x, which is an open protocol for the decentralized trading of cryptocurrencies, announced that the project is looking to fill several positions, including a software engineer, data scientist, and data engineer. Crypto exchange BitMEX is also hiring in San Francisco and Hong Kong. Blockchain developers began posting their credentials on the Twitter thread. (GT)

14 days ago

Bitcoin (BTC) Could End 2019 Above $7,000, Claims Fintech Experts

Fintech Experts Expect Bitcoin (BTC) To Rally By 80% According to a report/informal study conducted by Finder.com.au, a popular media outlet centered around Australia, a number of so-called “fintech experts” believe that Bitcoin (BTC) will do rather well for itself in the upcoming eleven months. Per statements conveyed by the panel to Finder, they collectively (average) believe that BTC will breach a valuation of just a tad under $7,000 by year’s end. The most optimistic panelist was Ben Ritchie, the chief operating officer of Digital Capital Management, a blockchain-friendly investment management consortium, who claimed that Bitcoin could reach $9,500 as 2020 rolls around. While he didn’t exactly back his prediction, which would see the cryptocurrency rally by 180% from current levels, Ritchie drew attention to a number of industry trends that consumers should keep their eyes on for 2019. The first is the decoupling of cryptocurrencies, like Ethereum, XRP, and the like, from Bitcoin. Ritchie didn’t divulge whether he expects for BTC to outperform its counterparts on the lower rungs of the ever-extending cryptocurrency ladder, but assuming his company’s diverse outlook, probably not. The second is the impact that the price action of legacy markets will have over cryptocurrencies. He didn’t explicitly state how a rally or collapse in the S&P 500, for example, would affect the broader digital asset market. Interestingly, however, players like Travis Kling, the chief investment officer at L.A.-based Ikigai, believes that the U.S. Federal Reserve’s recent decision to not impose a policy rate hike will be an extremely positive catalyst for decentralized, immutable, non-censorable, secure, deflationary, and non-sovereign currency, like Bitcoin, in the months and years to come. Lastly, the Digital Capital Management C-suite member drew attention to Wall Street’s arrival into this asset class, especially as Bakkt and Fidelity Investments launch their crypto-centric products in the near future. Unlike Jeff “Dollar Vigilante” Berwick, who believes that institutional forays into this market in early-2019 will absolutely “explode” the crypto industry, Ritchie surprisingly stated that he doesn’t expect many from the traditional world of investing to down the red pill just yet. This recent survey conducted by Finder comes after Bitwise Asset Management, a San Francisco-based crypto investment services provider, and ETF Trends, a finance/business-centric media portal, issued a similar poll, but with slightly different parameters. According to a Bitwise press release which debriefed the survey, 55% of 150 financial advisors surveyed believed that BTC would appreciate in value in the next five years, with predictions averaging out to $17,570. 22% of the 150 noted that they plan to either commence investing their clients’ capital into cryptocurrencies or to bolster their already-existing holdings in the coming year. Crypto Pundits Beg To Differ While there are some undying optimists in this budding industry that would corroborate the $7,000 prediction of sorts, some are skeptical that the flagship cryptocurrency will make it that far by year’s end. Fred Wilson, a leading venture capitalist that has become quite enamored with cryptocurrencies and blockchain technologies, explained in a blog post released January 1st that BTC is unlikely to post notable gains this year, as the bottoming process is still festering. More recently, former Wall Street hotshot Mike Novogratz, the founder of Galaxy Digital, commented that there’s a chance that the crypto market, Bitcoin included, won’t “head north” for at least a few more months. Even social metrics have purportedly begun to look bearish. According to Murad Mahmudov, a Princeton graduate turned crypto crusader and hedge fund hopeful, tweets regarding the cryptocurrency have reached 2014 levels, lower than any point in 2016. Explaining the importance of this statistic, Mahmudov remarked that it’s almost as if “nothing has changed,” adding that this is an “absolute disaster for the price in the medium-term.” He noted that this accentuates how there are “far fewer people who care about decentralized, sovereign, uninflatable currency” than it may seem from the surface, and how little effect 2017’s parabolic run-up had on this community’s size. Title Image Courtesy of Descryptive.com Via Flickr The post Bitcoin (BTC) Could End 2019 Above $7,000, Claims Fintech Experts appeared first on Ethereum World News.

14 days ago

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary. Nakamoto’s white paper calls Bitcoin an “Electronic Cash System,” and I hadn’t stressed the cryptocurrency’s utility as an actual method of payment.My experiment would likely validate the strong opinions of skeptics (to whom bitcoin is either some nebulous scam at its worst or an outrageously valued trinket for prodigal hobbyists at its best) and that camp of maximalists who believe that bitcoin isn’t and never was digital cash.It’s a problem that Kashmir Hill ran into when she did her own experiments, more so in 2013 than 2014. In 2013, her final conclusion was that she had “survived” the week, but by 2014, she had herself a ball spending bitcoin. She went from conquering San Francisco’s hilly landscape on foot and bike in 2013 (and the occasional, simple pleasure of pizza and cupcakes) to the luxury of Uber rides, wine tours and even a strip club visit just a year later.She did well for herself the second go at it. I want to be able to do even better.That as my mindset going into my own version of the experiment, picking up five years later from where Hill had left off. If she survived on her first attempt, then I damn well ought to be able to thrive, I thought, going into it.Boy, was I dead wrong.A day or two in was all it would take to break this expectation as I soon learned that my experience would be unlike either of Hill’s. I anticipated great merchant adoption and with it a greater variety of services through which to use my bitcoin. I thought I was walking into a more vibrant Bitcoin scene than half a decade ago, an opportunity rich with ways I could offload my coin.Instead, I found (at least in San Francisco) that fewer merchants take bitcoin now than they did before and that the Bay area’s Bitcoin community, excepting those still active in it, had receded into altcoin enthusiasm and the flowering industry of “blockchain not Bitcoin” that had become the new darling of tech VCs and entrepreneurs.Those still involved in the community took care of me though, and the week was just as easy or as difficult as I wanted to make it.Living on Bitcoin Day 1: “That’s Not Going to Work”I set out to live on bitcoin for a week in San Francisco.Living On Bitcoin Day 2: Being “Unbanked” Has Been Easy ... But Also HardOn Day 2 of living on bitcoin experiment in San Francisco, I go on the hunt for some bitcoin-friendly eateries.Living on Bitcoin Day 3: Brother, Can You Take a Sat?I desperately comb the streets of San Francisco, hoping to find someone — anyone — who will accept payment in bitcoin on Day 3 of my experiment.Living on Bitcoin Day 4: The Uphill ClimbLiving on bitcoin has been a bit of an uphill battle. On Day 4, I try out some gift card options and move into the Crypto Castle.Living on Bitcoin Day 5: An In-Store Buy At Last (Spoiler: It’s Pot-Related)I finally make a point-of-sale purchase with bitcoin, hunt for Coinbase’s headquarters and chat with a young entrepreneur.Living on Bitcoin Day 6: An Artist, a Dev and a Moon Boy Walk Into a Bar...I continue my San Francisco experiment, spending bitcoin and attending a meetup in a crypto-friendly bar with some great, diverse company.Living on Bitcoin Day 7: A Supposedly Fun Thing I’d Definitely Do AgainI finally wrap up my week of living on bitcoin in San Francisco with visits to 20 Mission and bitcoin artist cryptograffiti. But first, I’ll have to survive a storm out on the Bay.Saying that I thrived while on bitcoin would be pushing it, but saying that I survived would be an embellishment.So I’ll put it another way: I subsisted. Plain and simple, I got by without buying into a strip club’s tit-for-tat (tit-for-bit?) or splurging on a high-dollar meal like Kashmir Hill did in 2014 (though I could do that here in Nashville, dropping fat sats for a meal at Flyte). Sure, the drinks at Stookey’s weren’t cheap, but they weren’t a bottle of Dom either. I got by without even buying a meal from a merchant during my trip, relying on bitcoin-bought Uber Eats credit and friends to keep me fed.My experience was both anticlimactic and blindsiding. I could have done it anywhere, something that I describe in the write-ups as fascinating and frustrating at the same time. I didn’t need San Francisco to spend my bitcoin (a city that, the week made quite clear, didn’t really want my bitcoin). Bitcoin didn’t need the merchants, though, to be useful; infrastructure, like Paxful and Bitrefill, made it useful.As the series unfolded on social media, plenty of other bitcoin-to-gift-card services, like Fold App and Bidali, reached out to me on Twitter, reaching for a chance at a PR plug (don’t

14 days ago

Kraken Launches Bitcoin Futures After Acquiring U.K’s Crypto Facilities In a “Nine-Figure Deal”

San Francisco-based cryptocurrency exchange Kraken announced today that it had acquired leading crypto derivatives provider Crypto Facilities. The parties declined to reveal the exact figure involved in the deal, saying that it was a “nine-figure deal” and “Kraken’s largest acquisition to date and one of the largest the industry has seen.” Kraken acquires Crypto Facilities,

14 days ago

Ripple Partner Offering Bitcoin, XRP, Ethereum and Litecoin Futures Purchased by Crypto Exchange Kraken for $100+ Million

The San Francisco-based crypto exchange Kraken just purchased the crypto futures company Crypto Facilities for at least $100 million. Crypto Facilities is partnered with Ripple and offers UK traders a fully regulated way to purchase crypto futures, including Bitcoin, XRP, Ethereum and Litecoin. Kraken says it acquired Crypto Facilities for at least $100 million, but declined to […]

14 days ago

Kraken Acquires Crypto Derivatives Platform, Crypto Facilities, in a 9 Figure Deal

In one of the most strategic moves of 2019, the exchange known as Kraken has acquired the U.K based Crypto Facilities crypto trading platform and index provider. Kraken, based in San Francisco, combined with the reach Crypto Facililities has in Europe, creates a combination that will create a global leader in cryptocurrency spot and futures trading. The nine-figure deal is Kraken’s largest acquisition to date and possibly the largest that the crypto-verse has seen. (No exact figure has been provided at the moment of writing this.) Kraken’s previous acquisitions include the Bitcoin exchanges of Coinsetter, Cavirtex and CleverCoin. The exchange also acquired the award-winning wallet funding service Glidera and the popular multi-exchange charting, trading and portfolio tracking platform of Cryptowatch. Crypto Facilities was First to List XRP Futures Contracts in 2016 Crypto Facilities was the first exchange to list XRP futures contracts back in October 2016 in collaboration with the Ripple company. Around the same time, Crypto Facilities also partnered with the CME Group. The latter partnership has resulted in the provision of reliable and transparent cryptocurrency pricing data for financial institutions, trading firms and data vendors worldwide. The data is in the form of indices for both Bitcoin and Ethereum. The Kraken press release announcing the acquisition provides explains this further as follows. A pioneer in the industry, [Crypto Facilitites] was the first regulated entity to list futures on Bitcoin, Ethereum, Ripple XRP, Litecoin and Bitcoin Cash. The firm is also the leading cryptocurrency index provider, calculating the CME CF Bitcoin Reference Rate that powers the CME Group’s Bitcoin futures. Users value the high integrity, low latency marketplace that Crypto Facilities provides under the regulatory supervision of the UK’s Financial Conduct Authority. 6 New Futures Contracts for Eligible Kraken Clients With the acquisition, Kraken will now provide 6 new crypto futures contracts for its eligible clients. Crypto Facilities currently offers futures contracts for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and XRP. These five futures contracts are paired with the USD. A sixth contract is with XRP paired with BTC. Kraken CEO Jesse Powell, welcomed the Crypto Facilities team into the Kraken Family, I’m thrilled to welcome the Crypto Facilities team into the Kraken family. We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019. What are your thoughts on Kraken acquiring the UK crypto trading firm of Crypto Facilities? Is it a sign of tough times for Crypto Facilities or Kraken widening its reach by providing additional crypto derivatives for crypto traders through this acquisition? Please let us know in the comment section below. [Image courtesy of Unsplash.com] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Kraken Acquires Crypto Derivatives Platform, Crypto Facilities, in a 9 Figure Deal appeared first on Ethereum World News.

14 days ago

Kraken Catches First Bitcoin Futures Provider

Cryptocurrency exchange Kraken has acquired the world’s first derivatives trading platform for cryptocurrency futures contracts, in a deal said to be worth potentially hundreds of millions of dollars. In a press release issued today, Kraken announced that it had bought out UK-based Crypto Facilities, a trading platform and derivatives provider. Although the exact amount has not been disclosed, the San Francisco-based exchange admitted it was a “nine-figure deal.” The acquisition, which closed last year but was only announced today, will enable Kraken to offer spot and derivative trading services. Founded in 2015, Crypto Facilities is authorized by the UK’s Financial Conduct Authority (FCA). It was the first regulated business to offer futures contracts in the major cryptocurrencies: Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC) and Bitcoin Cash (BCH). It also provides indices, which are used for the Bitcoin Futures contracts offered by the Chicago Mercantile Exchange (CME). “We are excited to introduce eligible clients to these industry leading futures and index products,” said Jesse Powell, CEO of Kraken, in the announcement to media outlets. “Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.” Kraken ain’t alone This marks the latest in a series of Kraken acquisitions; the exchange has also bought three Bitcoin exchanges, a wallet service as well as statistics platform. The exchange is backed by Coindesk-owners Digital Currency Group (DCG), as well as Blockchain Capital, which just last week announced a $1.7M investment into a new crypto compliance startup. Starting out as a spot-trading platform with crypto-fiat trading pairs, Kraken has slowly expanded the number of services it offers, as market trading behavior has become more diversified and sophisticated. The exchange already has a white-glove OTC service for eligible clients, which reportedly handled more than $2bn worth of trades last year. “Teaming up with Kraken allows us to innovate the next generation of products and tremendously boosts the value we are able to provide to our clients,” said Timo Schlaefer, Crypto Facilities CEO and Founder. Schlaefer has formerly worked at Goldman Sachs, finishing as VP of the investment bank’s Quant modeling department. Whereas there were once hundreds of exchanges, all offering similar services, the past year has seen significant consolidation. Binance, Coinbase, Huobi and Kraken are expanding in all directions to tap into new markets. Binance Launchpad, a platform for token-based crowd sales, started the year with the BitTorrent (BTT) token sale, in collaboration with TRON (TRX). Coinbase, which had more than 50,000 new accounts created per day in the latter half of 2017, has made a pivot to the institutional market, aiming to corner what could be a potentially lucrative trading sphere. Kraken isn’t the only exchange with an eye on crypto futures. Chinese exchange Huobi has also made a move towards derivatives. It already offers Bitcoin and Ether-based contracts and aims to have XRP futures “very soon.” Last week, Kraken went through a rebrand, changing its primary shade of blue to a more daring technicolour pink. But they kept the octopus logo. Kraken is expanding, with tentacles reaching in many different directions. The author is invested in digital assets, including BTC and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Kraken Catches First Bitcoin Futures Provider appeared first on Crypto Briefing.

14 days ago

XRP Price Analysis: Ripple’s Plan for China, Hiring A Country Manager

XRP price technically bullish Ripple to hire a Country Manager, plans to open a physical office in Shanghai Transactional volumes are low, may rise if prices recover from 30 cents Ripple has grand plans. After funding the Fintech Research at Tsinghua University (THUIFR), the company plans to open a physical office in Shanghai. To that end, they are hiring a Country Manager. The trajectory taken is indicative and a hint of future involvement in China. This is in line with our XRP/USD trade trajectory. XRP Price Analysis Fundamentals With each passing day, the significance of SE Asia continues to show. It was only until recently that China played a key role in the crypto world. Their citizens were the first lot to pump BTC prices from $0.001 to $1 in the formative stage Bitcoin. However, things are different now. Despite restrictive rules around cryptocurrencies, Ripple is unshaken. The company honchos have grand plans for this crypto-isolated state and are working through proxies and partners. One of them is Lian Pay, a Hong Kong-registered company with approximately 150 million users. The company has plans to tap into the lucrative e-commerce space estimated to hit $1.38 trillion by last year. Aside from Lian Lian Pay, Ripple plans of opening a physical office in Shanghai and hiring a Country Manager. The new addition will liaise with the SF office and drive Ripple solutions in China as the LinkedIn post states: “Partner with Ripple leadership in San Francisco to define and execute a strategy for building Ripple China to be a significant contributor to the growing Ripple network.” Candlestick Arrangement Apparently, sellers have a better of bulls. At current exchange rates, XRP is down 1.2 percent in the last day and 2.1 percent in the previous week. All the same, we shall retain an optimistic view of the coin, expecting demand to support prices at spot rates. Note that despite headwinds and energy sapping lower lows, fundamentals are bullish. Besides, candlestick arrangement favors bulls because even after five days, sellers are yet to reverse Jan 30 losses. XRP is trending within Jan 30 high low, and this alone is bullish from an effort versus results point of view. Therefore, as long as bulls have the upper hand, we expect prices to drift above Jan 30 highs confirming bulls. In turn, this will set the ground rolling for further gains towards 34 cents triggering the first wave of buyers aiming at 40 cents. Technical Indicator A stand out bar in the last few days if Jan 30 bull bar. It was timely, providing support for bulls at a vital support line of 30 cents. With high volumes—47 million versus 17 million, buyers will only be in charge if there is a spike in market participation leading to breaks above 34 cents. In a bull trend, we expect accompanying bulls to exceed 47 million and ideally those of Jan 10—83 million. The post XRP Price Analysis: Ripple’s Plan for China, Hiring A Country Manager appeared first on NewsBTC.

14 days ago

Kraken Completes Biggest Crypto Deal in 2019: Massive $100M Acquisition That May Boost Europe

Major crypto exchange Kraken has acquired digital assets derivative startup Crypto Facilities for at least $100 million - the cryptocurrency sector’s biggest deal in 2019. The San Francisco company announced Monday that the “nine-figure” acquisition would enable its customers to trade crypto-related futures and spots. In retrospect, Kraken would now be able to offer futures trading involving Bitcoin, Bitcoin Cash, XRP, Litecoi, and Ether trading pairs - all by integrating Crypto Facilities’ features. Chicago Mercantile Exchange Center is an office complex of two towers in Chicago, Illinois. “The Merc” is also known by its address, 30 South Wacker. Founded in 2014, Crypto Facilities is the UK’s first crypto futures service that is registered with the Financial Conduct Authority. Atop that, the London startup also calculates the CME CF Bitcoin Reference Rate, a regulated index that powers the CME Group’s Bitcoin future. The startup confirmed that both it and Kraken had also received approval from the UK regulator to go ahead with the acquisition. Kraken Eyes European Expansion Kraken CEO Jesse Powell said in a press statement that their take over of the UK startup would boost their presence throughout Europe, a market now flooded with both unlicensed and licensed crypto services. Nevertheless, Powell stressed the need to bring “eligible clients” to the cryptocurrency industry through “industry-leading futures and index products.” The announcement follows months of speculations about mainstream investors waiting to enter the crypto market for real. Though the focus has remained mainly on the US investors, the developing crypto regulatory framework in Europe has also attracted a great deal of interest from the local monies. BREAKING: @krakenfx just announced the acquisition of London-based Crypto Facilities in a deal worth over $100 million. — Pomp (@APompliano) February 4, 2019 Powell looked at these developments as an opportunity for investors to break-free from their traditional 9-to-5 weekday trading, stating “providing a highly efficient way to trade and hedge cryptocurrency in any market environment” would reduce gap risks that used to arise after market close at night and weekends. “Over the coming months, our teams will continue to enhance and expand these offerings,” Powell said. “We’ve got great stuff in store for traders and institutional clients in 2019.” No Management Shift Kraken also hinted that it would provide Crypto Facilities would work as an independent entity as a part of a broader Kraken Group. It would mean that Crypto Facilities will be able to retain their team members, particularly its CEO and founder Timo Schlaefer, who will remain the CEO following the acquisition. Awesome team, awesome product. Super stoked to have @CryptoFLtd join the @krakenfx family. https://t.co/sfG4zSemC9 — Jesse Powell (@jespow) February 4, 2019 “It has been our mission to build the most sophisticated, powerful and user-friendly cryptocurrency trading platform,” Schlaefer said in his press statement. “Teaming up with Kraken allows us to innovate the next generation of products and tremendously boosts the value we are able to provide to our clients.” Before Crypto Facilities, Kraken had acquired major Bitcoin exchanges such as Coinsetter, Cavirtex, and CleverCoin. The company also has taken over Glidera, an award-winning wallet funding service; and the popular charting, trading, and portfolio tracking platform Cryptowatch. The post Kraken Completes Biggest Crypto Deal in 2019: Massive $100M Acquisition That May Boost Europe appeared first on NewsBTC.

14 days ago


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