WePower WPR

$0.0125
Market Cap $ 7.416 MM (#323)
24h Volume $ 285.299 K
Chg. 24h: -1.07%
Algo. score 3.6/5  (#152)
Show Quick Stats

WePower News

Long-awaited WePower #Whitepaper update is out! ⚡ Learn abou...

Long-awaited WePower #Whitepaper update is out! ⚡ Learn about: - #ClimateChange and #GreenEnergy economics -… https://t.co/TNwUPFBNo5

18 days ago

@Michael58120793 Hi Michael, indeed, WePower is ready to run...

@Michael58120793 Hi Michael, indeed, WePower is ready to run towards success, the team has been working hard! Have… https://t.co/BCUC52hXi1

25 days ago

Blockchain Technology Faces data Protection Restrictions in Green Energy Sector

As blockchain technology continues to widen in adoption, industries all over the world are beginning to integrate distributed ledger systems into their business operations to create more transparency and efficiency. One particular industry where blockchain is making an impact is in renewable energy. Through startups like WePower and Poweledger, consumers are able to get accessRead MoreRead More....

a month ago

@JensPeterRand That isn't the case, much progress has been m...

@JensPeterRand That isn't the case, much progress has been made. In fact you are welcome to join WePower upcoming… https://t.co/MSrS0hsCra

2 months ago

@johnnyutahbtc Hey Johnny, thanks for the feedback! Right no...

@johnnyutahbtc Hey Johnny, thanks for the feedback! Right now, you can get your news from WePower announcement chan… https://t.co/Yi5lJC3U2Y

3 months ago

@cryptonarsul @PowerLedger_io You're right, it's different f...

@cryptonarsul @PowerLedger_io You're right, it's different for each country and WePower will continue to move forwa… https://t.co/qw9dWyYaRV

3 months ago

KuCoin Delists 10 Tokens For Failing To Maintain Listing Criteria

Cryptocurrency exchange KuCoin has announced the delisting of 10 tokens under its Special Treatment Rule framework. The framework was put in place to ensure that projects meet certain criteria to remain listed. The affected cryptocurrencies are Jibrel Network (JNT), WePower (WPR), Modum (MOD), EthLend (LEND), STK (STK), Asch (XAS), Bread (BRD), BitClave (CAT), and Mobius (MOBI). Trading was halted on December 24, and withdrawals will remain open till March 21, 2019. KuCoin recently completed a $20 million Series A funding round led by IDG Capital, Matrix Partners, and Neo Global Capital. KuCoin saw a volume of $23 million in the last 24 hours. (VS)

3 months ago

KuCoin to Delist 10 Digital Assets, Their Trading to Cease by the 24th of December

The cryptocurrency exchange of KuCoin has announce that it will be delisting 10 digital assets according to its ‘Special Treatment Rule’. The rule is focused on crypto projects and coins that fail to meet certain criteria according to KuCoin. Deposits of the 10 digital asset will be closed today, December 21st, at 8pm (UTC + 8). The list of affected coins is as follows: Jibrel Network (JNT) WePower (WPR) Modum (MOD) EthLend (LEND) STK (STK) Asch (XAS) Bread (BRD) BitClave (CAT) Mobius (MOBI) Bitcoin Gold (BTG) Last Day to Trade and Withdrawal Deadline The exchange also informed its customers that trading pairs associated with the 10 digital assets will be closed on the 24th of December, at 6pm (UTC + 8). Users of the platform are advised to cancel pending orders related to the digitial assets as soon as possible. Withdrawals of the affected cryptocurrencies, will continue to be supported until March 21st, 2019, 6pm (UTC + 8). Users are advised to plan ahead of time by withdrawing the affected coins before the March deadline. KuCoin’s Special Treatment Area KuCoin has what is known as a Special Treatment Area where they place projects at risk of being delisted due to the following criteria. Low liquidity for a certain period of time Struggling or ceasing business activities for 3 months The project fails to inform KuCoin of its material changes Failure of a project to cooperate with KuCoin for regular routine inspection Existence of a security issue in the project’s technology Project’s development not in line with the roadmap promised on the whitepaper, and no regular updates by the team on changes The project’s information disclosure is incomplete, misleading or untrue The project is insolvent, in the process of liquidation, bankruptcy, insolvency or similar financial constraints The project or its team member (including but not limited to founders, consultants) is under investigation for a suspected breach of or is convicted for an actual breach of any applicable laws, statutes and regulations The project carries out market misconduct such as wash trading, market manipulation or insider trading Any other situation KuCoin may deem risky for its users or platform The affected token/coin is then observed for a certain amount of time. Delisting might occur when the team related to the project, fail to take the necessary actions to remedy the situation. Recent Tokens Delisted by KuCoin A month ago, KuCoin delisted 6 other digital currencies. They were: EncrypGen (DNA), Publica (PBL), Raiden Network Token (RDN), Monetha (MTH), BlockMason Credit Protocol (BCPT) and Gladius Token (GLA) What are your thoughts on KuCoin planning to delist 10 more digital assets? Please let us know in the comment section below. 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 KuCoin to Delist 10 Digital Assets, Their Trading to Cease by the 24th of December appeared first on Ethereum World News.

3 months ago

KuCoin to Delist 10 Digital Assets

The cryptocurrency exchange of KuCoin has announce that it will be delisting 10 digital assets according to its ‘Special Treatment Rule’. The rule is focused on crypto projects and coins that fail to meet certain criteria according to KuCoin. Deposits of the 10 digital asset will be closed today, December 21st, at 8pm (UTC + 8). The list of affected coins is as follows: Jibrel Network (JNT) WePower (WPR) Modum (MOD) EthLend (LEND) STK (STK) Asch (XAS) Bread (BRD) BitClave (CAT) Mobius (MOBI) Bitcoin Gold (BTG) Last Day to Trade and Withdrawal Deadline The exchange also informed its customers that trading pairs associated with the 10 digital assets will be closed on the 24th of December, at 6pm (UTC + 8). Users of the platform are advised to cancel pending orders related to the digitial assets as soon as possible. Withdrawals of the affected cryptocurrencies, will continue to be supported until March 21st, 2019, 6pm (UTC + 8). Users are advised to plan ahead of time by withdrawing the affected coins before the March deadline. KuCoin’s Special Treatment Area KuCoin has what is known as a Special Treatment Area where they place projects at risk of being delisted due to the following criteria. Low liquidity for a certain period of time Struggling or ceasing business activities for 3 months The project fails to inform KuCoin of its material changes Failure of a project to cooperate with KuCoin for regular routine inspection Existence of a security issue in the project’s technology Project’s development not in line with the roadmap promised on the whitepaper, and no regular updates by the team on changes The project’s information disclosure is incomplete, misleading or untrue The project is insolvent, in the process of liquidation, bankruptcy, insolvency or similar financial constraints The project or its team member (including but not limited to founders, consultants) is under investigation for a suspected breach of or is convicted for an actual breach of any applicable laws, statutes and regulations The project carries out market misconduct such as wash trading, market manipulation or insider trading Any other situation KuCoin may deem risky for its users or platform The affected token/coin is then observed for a certain amount of time. Delisting might occur when the team related to the project, fail to take the necessary actions to remedy the situation. Recent Tokens Delisted by KuCoin A month ago, KuCoin delisted 6 other digital currencies. They were: EncrypGen (DNA), Publica (PBL), Raiden Network Token (RDN), Monetha (MTH), BlockMason Credit Protocol (BCPT) and Gladius Token (GLA) What are your thoughts on KuCoin planning to delist 10 more digital assets? Please let us know in the comment section below. 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 KuCoin to Delist 10 Digital Assets appeared first on Ethereum World News.

3 months ago

Even After $30 Billion Invested Most ICOs Are Doomed

In the course of recent years, initial coin offering (ICO) ventures in the crypto market have raised harvested more than $30 billion. However, most ICO projects have little to display, particularly relating to end-user development, blockchain adoption, and predominantly, general user activity on decentralized frameworks. 5 ICOs that have delivered A small number of tokens have exhibited success in substantiating clear vision, growth paths, and credible use cases of blockchain innovation that’s advantageous for users. Binance Coin (BNB), example, which at present operates as the base cryptocurrency of the Binance exchange, will be widely used to process peer-to-peer trades upon the launch of the Binance decentralized exchange (DEX). Additionally, countless merchants have also as of late started to utilize BNB to receive crypto payments. WePower (WPR) based on the blockchain is a Green Energy Trading Platform and is committed to finding solutions to relevant issues of funds access for energy developers and furthermore coordinate venture access for final consumers. The tokens can be used for long-term investments in addition to earning purposes. The company has a well-developed ICO profile and is currently meeting their milestones and roadmap schedule. Solve.Care (CC) is rated as the top healthcare platform on the Blockchain by icoSource. Solve.Care boasts 26 years in Healthcare IT and aims to decentralize and ameliorate healthcare administration utilizing blockchain technology. This will improve the care outcome with the help of effective coordination and reduce the enormous global clinical and IT system costs associated with the current healthcare system. The ICO profile meets all technical requirements and is highly rated by experts. XYO Network (XYO) is building the world’s first people-powered location network built on blockchain technology. the world’s first decentralized location verification system with more than one million Bluetooth and GPS devices already around the world. With the acquisition of GEO, which provides a protocol that allows anyone to easily distribute and verify Proofs of Location in a decentralized network, XYO is poised to help bring the promise and the benefits of blockchain technology to the real world on a massive and global scale in location-reliant trade markets that generate a staggering $11 trillion in activity. Markethive (MHV) built on the Blockchain has positioned itself to be the world’s first social/marketing platform that offers complete privacy, along with total freedom of speech. With over 200 engineers and a hive of portals, hubs, E-commerce and marketing tools, Markethive’s influence in the sphere of entrepreneurs, business owners, commercial artists will rise to prominence. The system is up and running with Infinity Airdrops about to be executed. This is unprecedented in this industry and with its vision to bring universal income and success to all its members, it is set to be the number one Social/Market Network. Imminent demise for most While there are a few coins in the crypto market that represent feasible applications of the blockchain, the vast majority of projects have questionable roadmaps and long-term procedures. As Uber’s Sam Gellman said: “After $30 billion invested in the past two years in ICOs there still isn’t a single crypto app with a real user base for anything other than speculating on crypto. The BTC price movement is tough, but the lack of real user base for anything they’re investing in is tougher.” With regulatory obstructions initiated by the U.S. Securities and Exchange Commission (SEC), the ICO ecosystem will turn out to be considerably more troublesome for both innovators and projects. This week, the U.S. SEC impeded two ICO ventures named AirFox and Paragon, portraying their token sales as unregistered security offerings and requesting the two tokens to refund all of their investors. “They have also agreed to compensate investors who purchased tokens in the illegal offerings if an investor elects to make a claim. The registration undertakings are designed to ensure that investors receive the type of information they would have received had these issuers complied with the registration provisions of the Securities Act of 1933 (“Securities Act”) prior to the offer and sale of tokens in their respective ICOs.” The U.S. SEC affirmed that it supports the blockchain and the employment of newly developing technologies. However, the commission said that market contributors must recognize and abide by local regulations. “We wish to emphasize, however, that market participants must still adhere to our well-established and well-functioning federal securities law framework when dealing with technological innovations, regardless of whether the securities are issued in certificated form or using new technologies, such as blockchain.” The significance of Bear Market 2018 bear market will separate worthy ventures from the fallacious and those that endur

3 months ago

WePower (WPR) - Why It’s Poised to Outmuscle Bitcoin in December

WePower (WPR) is in the spotlight this week for bridging green energy and blockchain technology. WPR looks like a solid contender to outperform Bitcoin returns in December. Niche Cryptocurrencies Every week provides new opportunities to find undervalued cryptocurrencies. These cryptocurrencies can produce returns far in excess of BTC. As BTC looks to recover from recent slumps many altcoins should trend with it. This week is no different as WePower (WPR) stands out for numerous reasons. Cryptocurrencies that solve an issue plaguing society by integrating the blockchain are the most successful. BTC 00 has been the dominant digital currency but many others have emerged that do specific things. These ‘niche’ cryptocurrencies have a tendency to provide the highest returns. Think Ethereum (ETH) going back a few years. ETH 00 was one of the original ICO platforms, which filled the niche of launching blockchain cryptocurrencies and projects. The presale ICO price was $0.30. That means every $30 ETH goes up from $0.30, the presale purchasers make 100x. At a price of $300, the ICO purchasers made 1000x. For every dollar invested they made $1000. Returns like this should not be anticipated. However, returns far in excess of BTC’s are more simple to attain if focusing on niche markets. Previously cryptocurrencies like GoChain were highlighted and subsequently returned in excess of 200%. Many other niche cryptocurrencies were highlighted in the weeks prior and will be analyzed in weeks to come. One thing became increasingly clear, niche cryptocurrencies, on large exchanges, with depressed market caps have a tendency to pump strongly against BTC. This points to one specific cryptocurrency this week: WePower (WPR). What is WePower? What is WePower? WePower (WPR) 00 is a blockchain based green energy trading platform. WPR fuels renewable energy production by enabling developers to raise capital by selling their production up front in the form of tradeable Smart Energy Contracts. WPR is one of the few cryptocurrencies that enables corporate energy buyers to contract energy directly from green energy producers at below-market rates. What is most impressive is their next generation trading platform. Eventually, this platform will allow P2P (person to person) instead of just B2B (business to business) transactions. To access the WePower platform, the native token WPR must be used. WePower created a niche market for the transmission of green energy and to interact with the platform the WPR token must be used. This creates actual utility for the WPR token. WePower has the platform, the utility, the niche, a market, and the necessity the world faces to counteract raising global temperatures. Many complain that blockchain technologies are destroying our environment. Recent estimates predict more than 1% of global electricity is going toward ‘mining’ digital currencies. However, WPR is the blockchain niche that is different. They are facilitating the trading of green energy in a transparent manner. Quarter 3 & Quarter 4 Quarter three saw WPR conduct a countrywide energy tokenization test across Estonia, successfully. The WePower platform also underwent significant testing in July and can now be interacted with online. Quarter four is more exciting with WePower becoming operational in Spain, Estonia and Australia resulting in WPR soaring to above 700 Satoshis. BTC almost immediately fell and WPR corrected with it. The most important quarter four event and news is yet to come, which is specifically why WPR is in the spotlight this week. WPR plans to distribute donated green energy amongst their token holders in December. For those interested in WPR the timing to accumulate would be prior to this event as it comes with ‘free’ green energy. WePower wants to demonstrate their platforms functionality and utility. What better way is there than donating energy to token holders to demonstrate the actual utility of the WPR? WePower’s team is composed of over 60 individuals and they are currently concentrating their business in Australia. Even as this bear market has stifled progress in the space, making financing increasingly difficult to come by, WPR has been hiring and building. Out of thousands of cryptocurrencies that let their projects become obsolete in prior months, WPR has done the opposite. In the last two months, WPR has added a Chief Information Security Officer, Michael John, the former Director of Operations at the European Network for Cyber Security. The engineering team in Tallinn added Head of Products along with engineers from the top energy projects in Europe. Beyond engineers and security officers, WPR also added data scientists and advisors to guarantee they are prepared with their platform. While most projects have remained stagnant through this bear market WPR has positioned themselves for success in December and quarter one of 2019. With WPR peaking above 700 Satoshis following operations beginning in Spain, Esto

4 months ago

WePower (WPR) – Why It’s Poised to Outmuscle Bitcoin in December

WePower (WPR) is in the spotlight this week for bridging green energy and blockchain technology. WPR looks like a solid contender to outperform Bitcoin returns in December. Niche Cryptocurrencies Every week provides new opportunities to find undervalued cryptocurrencies. These cryptocurrencies can produce returns far in excess of BTC. As BTC looks to recover from recent slumps many altcoins...

4 months ago

@FreddyDelgado7 @SmartEnergyTV Thank you for your interest F...

@FreddyDelgado7 @SmartEnergyTV Thank you for your interest Freddy! WPR is already listed on a number of high volume… https://t.co/5ZXwOhPYGZ

4 months ago

Crypto Clearance: Twitter Deletes Suspected Crypto-Related Accounts

TL;DR According to our recent findings, the popular social network, Twitter, seems to have deleted quite a large number of fake cryptocurrency-related accounts. During the past week, Binance has lost more than 3000 followers. ICOs such as WePower, NEO and Stratisplatform lost an even higher percentage of their followers. It’s not clear if the deletion process is done or just begun. Twitter recently deletes fake accounts Twitter is one of the largest and most popular social networks today. It features millions upon millions of accounts and is quite popular among celebrities. However, Twitter is also a host to a major part of the crypto influencers’ community, which uses this platform for spreading information, analysis, events, and more. According to recent research we’ve done, it appears that Twitter has deleted quite a lot of accounts. All of these accounts are considered to be fake ones, created for various purposes. However, what most of them have in common is the fact that they were following crypto exchanges and ICOs. As an example, the data claims that Binance had lost over 3000 followers on Oct.30 and Nov. 1st. Binance is quite a popular exchange, and its Twitter account gains anywhere from 300 to 500 new followers on a daily basis. Binance’s Twitter Followers over the past week. Source: SocialBlade The main reason behind the clearance While Binance is the account that lost a large number of followers, it is not the only one to experience such a drop. Similar incidents were noted in statistics of other crypto businesses, such as NEO, Ontology, WePower, Stratisplatform, and many others. The main question is why did this happen? While this has yet to be confirmed, many believe that the reason behind the deletion is the fact that all of these accounts were created for participation in crypto airdrops and bounty campaigns. Participating can lead to getting to a portion of the project tokens in exchange for marketing actions such as likes and retweets on Twitter. By having multiple accounts, especially with many followers (most of the projects don’t have the ability and will to check if the followers are real); those users can receive a more significant portion of the planned airdrop. Twitter seemingly recognized the issue and decided to act. Most crypto-related businesses that lost followers experienced this throughout three days — between October 30th and November 1st. As mentioned, Binance has lost over 3,000 followers between October 29th and November 1st (out of their total 880K followers). Stratisplatform lost over 850 accounts in three days (Oct. 29. - Oct 31.) out of 138K. Ontology lost only 240 accounts on October 30 and 31 and was left with 65K followers, while WePower lost the highest percentage: more than 800 fake accounts during the same period, and it currently has a total of 36K followers (2.2%). It is possible that the move was not made as a response to a complaint, but is instead an attempt to clear the platform and prevent scams and other unethical activities. It will be interesting to see the coming up days; it might be that the clearance has just begun. There are still many crypto fake accounts left. The post Crypto Clearance: Twitter Deletes Suspected Crypto-Related Accounts appeared first on CryptoPotato.

4 months ago

WePower Gains 20.81% Following the News of Power Tokenization in Estonia

Blockchain startup WePower has announced its collaboration with Estonia-based Elering to tokenize the energy sector. The power digitization project will be put to the test for one year. The project will leverage blockchain technology hence disrupting the energy sector. Following the news of the collaboration, WPR coin surged by 20.81% to trade at $0.037722. The increase is significant given the stability in the crypto market where coins are registering slight price gains. (KE)

5 months ago

WePower (WPR) Collaborates with Elering to Transform Estonia’s Green Energy Ecosystem Via DLT

WePower (WPR), a blockchain-based green energy trading platform, has collaborated with Elering, Estonia’s energy transmission firm, to tokenize a year’s worth of the nation’s grid data, in a first of its kind operation for the country’s energy sector, according to a Green Tech Media report on October 29, 2018. WePower Revolutionizes Estonian Power Industry with DLT Per sources close to...Read...

5 months ago

@kyleharbour2 The WPR token was the primary fund raising mec...

@kyleharbour2 The WPR token was the primary fund raising mechanism for the initial launch of WePower. WPR holders w… https://t.co/219scBgKmV

5 months ago

Startup WePower Sets Out to Tokenize Estonian Power Grid

In an attempt to create security tokens backed by real-world assets, WePower will tokenize the electricity grid of one of the most crypto-friendly European countries.

5 months ago

@kyleharbour2 Hey! WePower needs blockchain to be truly glob...

@kyleharbour2 Hey! WePower needs blockchain to be truly global. Main things blockchain provides are transparency, f… https://t.co/FknTArqeTt

5 months ago

Estonia Energy Grid Goes On Blockchain With WePower

Power has come a long way in a short time. Estonia’s Energy Grid has put one foot on the blockchain with WePower, an energy procurement and trading platform. Today the company announced the successful delivery of a nationwide pilot for energy tokenization. The initiative will tokenize energy consumption and production data onto an Ethereum-based ledger, in order to facilitate more efficient trades. In partnership with Elering, a transmission system operator (TSO), WePower says that the pilot is “paving the way for the digital revolution of the energy sector.” According to WePower’s initial results, 26,000 hours and 24TWh of energy consumption data has been successfully uploaded to the blockchain, for a total of 39 billion Smart Energy Tokens. Estonia provided the ideal infrastructure for this type of testing, with 100% smart meter coverage and a data sharing platform called Estfeed. Estfeed enables consumers to download and share their data with any persons or companies whom they choose, as well as anonymous and aggregated data, such as that used for WePower’s pilot. Although energy markets have traditionally relied on a few large providers, the advent of renewable energy has facilitated a more distributed system, “where energy buyers would not need to rely on one single source of electricity but could potentially pick and choose the producers that would fit their needs the best and transact with them directly,” WePower says in its Tokenization Executive Summary. The summary continues: Transactions in electricity markets are settled in hourly, 30 minutes or, in some markets soon, on a 5 min basis. This means that to process transactions between a single consumer and producer would create at least 8,760 data entries for a year and if you take a 10-year tenure of a standard PPA[Power Purchase Agreement] this would grow to 87,600 data entries at the point when the contracts are issued. In order for this system to reach meaningful scale, it needs to support thousands of buyers and hundreds of generators. These complicated data requirements make a “perfect fit” for blockchain technology. “Projects of this scale and ambition haven’t been attempted before, in part because of the complexity involved, but also because energy data is highly sensitive,” CTO Kaspar Karleep said, in a statement. “Blockchain is the ideal enabler because its foundational principle is trust, which can be leveraged to bring revolutionary transparency to the industry.” By reliably recording the minutiae of individual consumption or production, WePower says that the blockchain technology layer can reduce inefficiencies and ease the transition to green technologies. “Future clean and secure energy will depend on innovative solutions and consumer empowerment. However, a major barrier in most countries is lack of access to energy data,” says Taavi Veskimägi, CEO of Elering. “Estfeed unlocks data access within Estonia and we are now working towards doing this on an international level. WePower’s proof of concept is important for showing how data access leads to innovation.” Estonia has proved to be a welcoming haven for blockchain companies, and was named by Crypto Briefing as one of the top places to start a company for those involved in the industry. It remains to be seen if blockchain technology can live up to its expectations in the energy industry. But at least the effort is tilting toward being more productive than quixotic... The author is invested in Ethereum, which is mentioned in this article. The post Estonia Energy Grid Goes On Blockchain With WePower appeared first on Crypto Briefing.

5 months ago

Estonia may actually have a use for the blockchain: green energy

If you’re into buzzword bingo, blockchain will have been top of your list for a few years now. But has it got any real-world applications? There have been plenty of attempts to make it work in different industries, from mining to music. Now a green energy trading platform called WePower is trying to use blockchain

5 months ago

Report: Emerging Markets See Sharp Growth in Cashless Transactions

South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered. Also read: African Cryptocurrency Exchanges Forced to Step-Up Security As Digital Payments Rise, Leading African Economies Trade Cautiously on Cryptocurrency The report, released Oct.17, concluded that digital payments, including cryptocurrencies like bitcoin, have grown sharply all around the world, and “are experiencing a boom, driven by developing markets”, including Africa. Ghana and Kenya, the 11th and 9th biggest economies in Africa, respectively, are still in the consultation phase. Nigeria, the continent’s biggest economy, with a GDP of $376 billion, is opposed to virtual currency, officials have said. The central banks of Kenya and Nigeria have both likened cryptocurrencies to a “pyramid scheme.” “The central bank of Nigeria has also imposed a complete ban on bitcoin and the likes, while Brazil also has banned cryptocurrency,” said the report, which detailed that global cashless transactions rose 10.1 percent to 482.6 billion at the end of 2016. Non-cash transactions include checks, debit cards, credit card payments, credit transfers and direct debit transactions. South Africa Leads in Crypto Regulation, Adoption and Development Africa has steadily accelerated the switch to modern technologies. Cellphone-based payments have expanded particularly fast in countries like Kenya, Uganda and Zimbabwe. But it is South Africa, the continent’s most sophisticated economy, that leads the pack where cryptocurrency regulation, adoption and development is concerned. The economy is home to a number of bitcoin ATMs and digital currency exchanges - including Luno, which has two million customers throughout the world - allowing people to buy and sell digital coins in the local fiat currency, rand. Domestic financial companies, including banks, are starting to step into the space. On Monday, Standard Bank said it is looking to establish a number of events to help explain the benefits and risks of cryptocurrency and the blockchain. This is all thanks to the open-mindedness of the South African Reserve Bank (SARB). Although the regulator does not recognize cryptocurrency as legal tender, it has not prevented trade in such. In April, the bank announced plans to create guidelines for cryptocurrency markets in the country. SARB has also tested an inter-bank settlement system code named Project Kohka, which runs on the Ethereum blockchain, aiming to speed up payments. Emerging Markets See Sharp Growth in Cashless Transactions Meanwhile, the World Payments Report - based on data from the World Bank, the Bank for International Settlements and the European Central Bank’s statistical database - showed that developing markets are at the forefront of a global boom in digital payments, with Russia (annual growth of 36.5 percent), India (33.2 percent) and China (25.8 percent) as notable movers in the 2015-16 period. Mature markets maintained steady growth of more than 7 percent in the period under review. Developing markets are seen growing 21.6 percent, led by Asia at 28.8 percent over the next five years. By 2021, developing markets are expected to account for around half of all non-cash transactions worldwide, overtaking the mature markets for the first time, whose current share stands at 66.3 percent. Anirban Bose, CEO of Capgemini’s Financial Services, said it is critical for banks to find ways to tap into cryptocurrencies and other non-cash payment methods if they are to remain relevant. “With their significant market share in the payments industry and implementation of new technologies, banks are in a unique position to shape the marketplace. They can also create new revenue streams through innovative, collaborative relationships with fintechs and active participation by the broader financial services community,” Bose said in a separate press release. The report further indicated that high numbers of non-cash transactions can provide benefits to the society, addressing growing challenges of corruption - especially in Africa. This is because non-cash transactions share a positive linear correlation with corruption perception index. This probably emanates from the fact that digital transactions from financial institutions and mobile money can be more easily traced than cash, hence can allow law enforcement agents to investigate and prosecute the suspicious transactions. The WPR report also noted that the more payments are shifted to cashless instruments, the more likely that huge cash transactions can be “flagged and investigated, reducing the possible means of accepting illicit or fraudulent payments.” “Governments should create the necessary supply-side push for such transactions by cre

5 months ago

Odyssey and WePower have Stood the Test of Time

Reports have indicated that a majority of altcoins never stood the test of time. They bowed out the race following the loss of up to 90% they made during the bearish market. However, Odyssey(OCN) and WePower(WPR) proved the best altcoins for investors as they offer real-time value and have remained strong throughout the year. WePower is a green energy platform that uses blockchain tech. At the time of writing, the coin was up by 7% to trade at $0.026151 with a market cap of $12,529,235. Odyssey, on the other hand, has over time relied on three people, the service providers, reviewers, and customers for its success. At the time of writing it had gained 8% to trade at $0.008152. (VK)

6 months ago

Technical indicators Suggest that Bitcoin is “Severely” Oversold

A unique technical analysis tool called the Williams Percent Range (WPR) is sometimes used to determine whether or not an asset is displaying overbought or oversold conditions. When applied to bitcoin, the oscillator is suggesting that the cryptocurrency is “severely” oversold. Currently the WPR is around -83% and typically a WPR of -20indicates that an asset is oversold. Analysts believe that these oversold conditions could lead to a corrective rally in the future which could drive bitcoin price above $6,900. As bitcoin price tightens into a narrowing range, the cryptocurrency has also become more stable. August ranks as the most stable month since June 2017 as the cryptocurrency traded between $6,000 to $6,500. (RS)

6 months ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme
1