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Should we trust the Swiss with shaping global crypto policy?

Switzerland’s banking culture is synonymous with growing the wealth of the rich and hiding it away from the rest of the world to preserve it. Is this the right environment for global cryptocurrency policy-shaping to be taking place? 

Switzerland’s banking culture is synonymous with growing the wealth of the rich and hiding it away from the rest of the world to preserve it. Is this the right environment for global cryptocurrency policy-shaping to be taking place? 

DNotes Global Inc Announces Proof of Concept for DNotes Pay Automated Online Payment System

DNotes Global, Inc. announced on Friday that an experimental Proof of Concept for its DNotes Pay automated online payment tool is now available for download and testing. The new payment system is a streamlined, simplified, and user-friendly tool that provides automatic payment, confirmation, and delivery of digital products. “DNotes Pay is a next-generation online payment […]

DNotes Global, Inc. announced on Friday that an experimental Proof of Concept for its DNotes Pay automated online payment tool is now available for download and testing. The new payment system is a streamlined, simplified, and user-friendly tool that provides automatic payment, confirmation, and delivery of digital products.

“DNotes Pay is a next-generation online payment solution that brings the power of convenient, low-cost merchant transactions to everyone around the world,” according to DNotes Global co-founder and CEO Alan Yong. “Until now, individual sellers have struggled to manage the expense and complications involved with traditional merchant payment systems. DNotes Pay is designed to offer a more inclusive solution and greater self-empowerment and opportunity for people everywhere in the world.”

DNotes Global CTO Theodore Hauenstein said that the test version of DNotes Pay is available and ready for use by individual digital product sellers, hobbyists, and others whose ability to sell digital content online may have previously been inhibited by a lack of resources or limited technical knowledge. He also noted that the tool offers new capabilities for those who want to manage “smaller transactions that do not require the protection” needed for most formal commercial transactions.

DNotes Pay is designed to simplify merchant transactions by offering a less expensive and efficient way to receive payments from customers without relying on third-party solutions. The company claims that the tool can be set up in a matter of minutes and is flexible enough to be adapted for use in more secure and robust payment applications.

“We designed DNotes Pay so that there is no need for programming experience or other specialized expertise,” Hauenstein said. “There is no account setup involved, no middle man to deal with, and it doesn’t require a database or other complicated system to work. It is also a lite tool with minimal server requirements, so that it will work with pretty much any hosting solution.”

The new tool will also reportedly enable sellers to automatically deliver digital products after the purchase is complete, removing the need for a separate order fulfillment process. Moreover, sellers will receive their payments immediately, and there are no setup, maintenance, or transaction fees other than DNotes’ minimal blockchain fee per transaction.

DNotes Pay enables sellers to receive payment in DNotes or USD equivalent from anywhere in the world, without respect to borders or other country restrictions. And because there are no transaction fees involved with the process, the tool will enable those sellers to offer new options for their customers, including so-called micro transactions.

Hauenstein stressed that this is just the first of many DNotes solutions. The company already has plans for a host of other commercial solutions, cart integrations, solutions for software developers, and strategic integration with popular ecommerce platforms that will be introduced in the months and years to come.

“With DNotes Pay,” Yong said, “we are determined to fundamentally transform the way sellers and buyers think about digital commerce. We live in an age in which anything that can be digitized will be digitized, and that requires new strategies and tools to keep pace with new innovations and expectations. At DNotes Global, we remain as committed as ever to leading our industry as we meet the challenge of providing inclusive, self-empowering, and accessible solutions for people around the world.”

About DNotes and Alan Yong:

DNotes co-founder Alan Yong is a well-regarded visionary who established Dauphin Technology in 1988. He is the author of the book “Improve Your Odds: The Four Pillars of Business Success and is well-regarded as a “thought leader” in the cryptocurrency industry.

DNotes is a digital currency noted for its consistent and reliable growth, and innovative initiatives that actively engage women, young people, small businesses, workers, and others – effectively inviting the world to participate in the digital currency revolution.

For more information please visit: https://dnotescoin.com

To view the DNotesPay scripts please visit: https://github.com/DNotesCoin?tab=repositories

To view the DNotes white paper, please visit: https://dnotesglobal.com/white-paper/

Media contact
Name: Alan Yong
Email: [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Ripple (XRP) Technical Analysis: The SEC “Friendly” Ripple and XRP Divorce

A campaign to raise awareness that XRP is not Ripple, three court cases and a race to meet SEC decentralization requirements for endorsement is obviously exposing XRP and cushioning Ripple the company. At the time of press, Ripple (XRP) is down six percent and trading below 45 cents, a main support line in our analysis.

The post Ripple (XRP) Technical Analysis: The SEC “Friendly” Ripple and XRP Divorce appeared first on NewsBTC.

A campaign to raise awareness that XRP is not Ripple, three court cases and a race to meet SEC decentralization requirements for endorsement is obviously exposing XRP and cushioning Ripple the company. At the time of press, Ripple (XRP) is down six percent and trading below 45 cents, a main support line in our analysis.

From the News

It’s a surprise really, the new calls by Ripple advocates that XRP and Ripple have no ties going forward. How about the very many publications strewn all over the web that directly links the two? As a matter of fact, this comedy won’t end until we see XRP functional description being purged from within the Ripple website pages.

According to the Hatch Agency, XRP is now an independent digital asset while Ripple is a facilitator and is a software company offering “financial solutions” to institutions. There is some elements of truth in here simple because XRP came to existence as early as 2004 while Ripple was incorporated in 2012.

However, the caveat here is that there is no functional distinction between the two even after XRP begun trading at major exchanges. Yes, they have removed Ripple-and replaced it with XRP at major coin trackers as Coinlib and CMC-but that won’t change the fact that there are three different suits against Ripple the company. So, whether they are trying to duck responsibility should Ripple (XRP) fails to pass the Howey Test or not, time will tell.

What we can see though is that even if Ripple/XRP supporters stress that the two are distinct entities, most neutrals would still view XRP as a proxy to gauge how well Ripple the company is performing. After all, XRP and Ripple has made some of them billionaires and Ripple the company has more than 55 billion XRP in escrow with a decentralization strategy in place.

Ripple (XRP) Technical Analysis

Weekly Chart

First, if SEC gives their status report saying XRP is a security, prices with tumble. So far, XRP is down 70 percent from their ATHs but that there is room for more depreciation should sellers break below 45 cents.

We have reiterated the importance of 45 cents and how this main support line ought to hold to buoy prices. Remember, at current levels, prices are trending at around 2018 lows and the base of a descending wedge despite the last three weeks attempts to reverse from these lows.

Daily Chart

In the top 10, XRP prices are relatively stable. It’s down six percent and because of that close below 45 cents I suggest selling on every high with stops at July 10 highs at 48 cents.

However, there is no problem to shift it above July 2 highs at around 50 cents. If sellers ramp up their positions, then 15 cents would be our ideal bear targets.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post Ripple (XRP) Technical Analysis: The SEC “Friendly” Ripple and XRP Divorce appeared first on NewsBTC.

EOS, Litecoin, Tron, IOTA, Stellar Lumens Technical Analysis: Altcoins Bleeding Under Bear and Hackers Attack

Crypto exchanges-regardless of their database location-are having a rough time with hackers. After several South Korean and Japanese attacks, Bancor got exploited and $12.5 million worth of BNT was used to withdraw ETH. It’s definitely bad press and sellers are spearheading this on-slaughter. So far, it’s double digit losses for EOS, IOTA, Tron and Litecoin.

The post EOS, Litecoin, Tron, IOTA, Stellar Lumens Technical Analysis: Altcoins Bleeding Under Bear and Hackers Attack appeared first on NewsBTC.

Crypto exchanges-regardless of their database location-are having a rough time with hackers. After several South Korean and Japanese attacks, Bancor got exploited and $12.5 million worth of BNT was used to withdraw ETH. It’s definitely bad press and sellers are spearheading this on-slaughter. So far, it’s double digit losses for EOS, IOTA, Tron and Litecoin.

Let’s have a look at these charts:

EOS Technical Analysis

Isn’t it startling to know that Block One realize that they are powerful and actually don’t care about that. They have 100 million EOS tokens under them and should they begin using that to vote then EOSIO- despite all their calls of running on the ideals of blockchain-would just be another centralized database with Block1 calling the shots.

I mean, it will even be easy for them to determine who get voted in as a BP and who gets the boot. Many are therefore expressing their disappointments saying Block One would no longer be that neutral third party. Well, they are right because how would they even know and pick BPs which they claim share the “same core values and ideals”? As far as the community knows, there is no laid out criteria for making that determination.

Back to price and EOS is sliding much to the relief of dApp developers keen on utilizing the blockchain for their own advantage. After that strong bearish engulfing pattern on July 9, sellers are now back in charge and invalidating our previous bullish stand. My suggestion is to either sell on pull backs today or wait for a break out trade below our immediate support at $7 with first targets at $4 as we trade with the general bear trend. Stops would be above yesterday’s highs at $8.3.

Litecoin (LTC) Technical Analysis

It’s turning out that exchanges-centralized or decentralized are not safe from hackers as Bancor found out on July 9. Charlie Lee, the founder of Litecoin, weighed in on the issue throwing jabs at Bancor that it is nothing more than a centralized entity.

What we came to realize is that $12.5 million worth of BNT tokens were stolen from Bancor and not that the blockchain was compromised. Apparently, hackers exploited a weakness of one wallet used to upgrade smart contracts and withdrew ETH.

As Charlie Lee is reviewing Bancor hacks, his own coin is facing the wrath of sellers. In the last day alone, LTC is down 10 percent meaning sellers should trade with the trend and short with targets at $50. Before then, it’s would be better to trade a break out and that means selling once prices break below $70, our main support line. Ideal stops would be at $80.

Stellar Lumens (XLM) Technical Analysis

Like other coins, XLM is also on a losing trend and so far, it’s down  10 percent and trading below July 2 lows at 18 cents following yesterday’s bearish engulfing pattern. Because of that, my suggestion is to short on every retracement today with stops at 23 cents and targets at 15 cents and later 8 cents as laid out before.

Tron (TRX) Technical Analysis

As the market bleeds, Tron (TRX) holders can smile especially if they had their coin at Binance. Withdrawals are now possible after three weeks or so of withdrawal suspension due to maintenance. While at it, SR election is in progress and holders can now vote for their favorite SR from the more than 50 candidates who have lined up.

On the charts, TRX is down 11 percent and keeping up with losses in other coins. Because of this, our trade plan is still valid and my recommendation is to short on every high with stops at 3.5 cents and bear targets at 2.5 cents. 2.5 cents is a level of main support and is a key support line for Tron which might after all slow down sellers.

IOTA (IOT) Technical Analysis

After that Stitching attack on July 6, IOTA is yet to recover. Fact is, it is down 11 percent in the last day and sellers are now in sync with the general trend as they retest 2018 lows at 90 cents. Well, because of the last two days price action, our bullish plans are now invalid.

My trade plan would be simple: wait for prices to break below 90 cents and short on every correction with stops at $1. Ideal bear targets would be at 65 cents, the next level of support.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post EOS, Litecoin, Tron, IOTA, Stellar Lumens Technical Analysis: Altcoins Bleeding Under Bear and Hackers Attack appeared first on NewsBTC.

Blockchain Startup Buglab.io Offers $2,000,000 Worth of Tokens to Secure Crypto Exchanges, in Cybersecurity Contests

The recent spake of security hacks on popular exchanges and exploitation of smart contract vulnerabilities has become a worrisome development for the emergent blockchain industry. With the industry gaining increased recognition and adoption from mainstream industries, the blockchain industry is on the cusp of becoming the most important driver for the ongoing, fourth industrial revolution. …

The post Blockchain Startup Buglab.io Offers $2,000,000 Worth of Tokens to Secure Crypto Exchanges, in Cybersecurity Contests appeared first on BitcoinNews.com.

The recent spake of security hacks on popular exchanges and exploitation of smart contract vulnerabilities has become a worrisome development for the emergent blockchain industry. With the industry gaining increased recognition and adoption from mainstream industries, the blockchain industry is on the cusp of becoming the most important driver for the ongoing, fourth industrial revolution. However, this potential is being threatened by all the security breaches and vulnerabilities dogging smart contracts.

Buglab: The Cybersecurity Solution

In a bid to finally curb these threats, Buglab, a cybersecurity solutions startup, has announced a one-of-a-kind penetration testing contest for cybersecurity researchers. Offering a prize pool of $2,000,000 worth of BGL tokens, researchers and crypto community members are being invited to conduct a penetration test of its platform. Buglab will be making its beta platform accessible to all contestants and exchange platforms. Cryptocurrency exchanges have become the prime target of malicious actors in the industry, seeking to exploit any vulnerability for their own nefarious gains.

“Cryptocurrency exchanges should be concerned about securing the funds of their traders, as these funds equate to billions of dollars”, says Buglab CEO Reda Cherqaoui. “With new exchanges launching every week and increasing danger of security breaches, we aim to provide the industry with a secure, cutting-edge service to help mitigate against these increasing risks.”

The CEO also highlighted the accessibility of hacking tools and increased hacking prowess as a challenge security professionals have to raise to in order to secure their products.

Securing the Future

Buglab penetration testing service and contest announcement comes two weeks after the industry was rocked by hacking attempts on two of the largest South Korean exchanges, resulting in a combined loss of over $70 Million, in various cryptocurrencies. The hack sent shockwaves throughout the industry, resulting in loss of market confidence despite reassurances of full reimbursement.

Buglab is offering exchanges who choose to run a launchpad or promote the platform’s token sale in any way, penetration testing services that will critically and thoroughly stress-test and sound out their infrastructures for potential threats and vulnerabilities. Participating exchanges will also afford the opportunity of receiving $20,000 from Buglab’s enterprise plan, including a $10,000 top three prize for contest winners and a special $10,000 award for critical vulnerability not discovered by the winners. Buglab is prepared for an eventuality where no vulnerability is found and will offer the exchange a 50% allocation of the prize pool ($10,000) in BGL tokens. BGL tokens will enable the exchange to try out the future features of the platform.

Buglab community of certified cybersecurity experts, handpicked from a pool of talented professionals will oversee the contest and contestants’ findings, providing complete reports and drawing up preventative strategies for all vulnerabilities discovered.

Buglab is pleased to invite all interested crypto exchanges to join this initiative at [email protected]

Built for the Future

Buglab is an Ethereum-based platform anchored by two proprietary protocols; buglab contest and Vigilante Protocol. These protocols have been designed to assist blockchain-based companies and cryptocurrencies exchange to find, address, and deploy solutions for vulnerabilities across a wide range of apps and platforms including web apps, mobile apps, IoT devices, smart contracts, and others. The decentralized ecosystem has been specifically designed to connect organizations with cybersecurity experts and resources to secure their solutions.

Conceived by veteran cybersecurity engineer, Reda Cherqaoui, Buglab has set its sights on eliminating the security vulnerabilities threatening blockchain adoption through a platform that incentivizes and rewards penetration testers for their contributions in uncovering and fixing these problems. Having worked with leading tech companies – including Facebook, Hotmail, eBay, and Yahoo – Reda (who has been in the cybersecurity scene since 16) and his team of industry experts are now set to secure the development of solutions on the blockchain through Buglab.

Learn more about Buglab here – https://buglab.io/#top

Read the Buglab Whitepaperhttps://buglab.io/assets/docs/Buglab_WhitePaper.pdf

Find Buglab on Facebook – https://www.facebook.com/buglab.co

Follow Buglab on twitterhttps://twitter.com/joinbuglab

Check out Buglab on Instagram https://www.instagram.com/buglab.co

Join the Buglab official Reddit pagehttps://www.reddit.com/r/buglabProject/

Read about Buglab on Mediumhttps://blog.buglab.io/

Join the team on Telegram https://t.me/buglab

Youtubehttps://www.youtube.com/channel/UCmGh-O5eRtbQchWmy8cFjYA

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Image Courtesy: Buglab

The post Blockchain Startup Buglab.io Offers $2,000,000 Worth of Tokens to Secure Crypto Exchanges, in Cybersecurity Contests appeared first on BitcoinNews.com.

China Central Bank Vows to Crush Foreign ICOs Targeting Chinese Investors

At a meeting for the Internet Finance Rectification Working Group on 9 July 2018, the Vice Governor of the People’s Bank of China (PBoC), Pan Gongsheng, had harsh words for foreign initial coin offerings (ICOs) that are targeting Chinese investors. He said, “Any new financial product or phenomenon that is not authorized under the existing …

The post China Central Bank Vows to Crush Foreign ICOs Targeting Chinese Investors appeared first on BitcoinNews.com.

At a meeting for the Internet Finance Rectification Working Group on 9 July 2018, the Vice Governor of the People’s Bank of China (PBoC), Pan Gongsheng, had harsh words for foreign initial coin offerings (ICOs) that are targeting Chinese investors. He said, “Any new financial product or phenomenon that is not authorized under the existing legal framework, we will crush them as soon as they dare to surface.”

China banned ICOs and trading cryptocurrency for Chinese yuan (CNY) in September 2017, causing almost all cryptocurrency companies to flee the country including top exchanges Binance, Huobi, and OKCoin. Hong Kong has become a haven for cryptocurrency activity since that time since it has an autonomous government that has decided on more favorable cryptocurrency regulations.

According to Pan, individuals and organizations that are now “running abroad” are still doing business with Chinese residents, which is illegal and prohibited. The Internet Finance Rectification Working Group is tasked with enforcing decisions of Chinese regulators. Clearly, they are being pushed by Pan to use their full power to combat investment in foreign ICOs.

It is unclear how the Working Group will crackdown on ICOs. Due to the decentralized nature of cryptocurrency, even if cryptocurrency is fully banned there is no way to stop Chinese residents from using it, including the use of cryptocurrency to invest in ICOs. It appears one tactic Chinese regulators are using is monitoring messaging apps like WeChat to spot cryptocurrency traders, and WeChat has limited the amount of money that can be sent through their payment service. Also, popular online forums like Zhishi Xingqiu have become an access point for ICOs to reach Chinese residents, and these are being monitored as well.

 

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Sidetangle Attack on IOTA Reveals DAG Susceptibility

The IOTA network, referred to as the tangle, has been under siege recently by a sidetangle, which is a parasitic chain of transactions produced by a hacker. The sidetangle has been stitched to the maintangle, causing nodes to crash and slowing down the entire network. This has revealed a susceptibility for directed acyclic graph (DAG) …

The post Sidetangle Attack on IOTA Reveals DAG Susceptibility appeared first on BitcoinNews.com.

The IOTA network, referred to as the tangle, has been under siege recently by a sidetangle, which is a parasitic chain of transactions produced by a hacker. The sidetangle has been stitched to the maintangle, causing nodes to crash and slowing down the entire network. This has revealed a susceptibility for directed acyclic graph (DAG) based cryptocurrencies.

IOTA is the most popular and widely used DAG cryptocurrency, with a market cap of USD 2.7 billion and trading volume in excess of USD 50 million per day. Most cryptocurrencies use a blockchain, which requires adding transactions to a chain of all previous transactions. Each Bitcoin node must use the full transaction history of Bitcoin to confirm new transactions. With IOTA’s DAG, users only need to verify two previous transactions, which is deemed far more computationally efficient and allows for a fee-free system.

Apparently, the nature of IOTA’s transaction verification system can be exploited by hackers by creating a sidetangle, which is considered a parasite chain. A sidetangle is built by selecting tips that only reference themselves, making the transactions unlikely to confirm. The hacker can create millions of transactions like this, which forms the sidetangle, and these transactions never confirm.

The sidetangle would normally stay distinct from the maintangle and have no effect, but hackers have built software which stitches the sidetangle to the main tangle. This results in nodes including the sidetangle in their database. The sidetangle is filled with so many transactions that the nodes crash, according to Ralf Rottman who is on the IOTA Foundation Board of Directors. Ralf Rottman says, “People continually try to attack the tangle, and we learn from these attacks to make it more resilient over time. Remeber, IOTA is an early-stage project and these kinds of events are par for the course. As long as someone can get such a large percentage of hash power, they can do whatever they like. This is true for any DLT, and the exact reason we have the coordinator ensuring that tokens are safe during this early period.”

Head of engineering at the IOTA Foundation, Edward Greve, says, “The current sidechain and syncing issues are a new phenomenon for the Tangle, and we’re taking the opportunity to acquire data about how the Tangle is responding and performing. We will keep you posted and share new information as we are able to. Please understand, these new phenomena are not always obvious, and investigation takes time.”

No IOTA has been lost from the sidetangle attack but nodes crashing has slowed the network and reveals a general susceptibility for DAG cryptocurrencies that needs to be addressed. This is somewhat similar to a distributed denial of service (DDoS) attack. No solution for sidetangles has been formulated yet.

 

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The post Sidetangle Attack on IOTA Reveals DAG Susceptibility appeared first on BitcoinNews.com.

Strategic Partnership Announced Between TokenPay and Litecoin Foundation

In May 2018, TokenPay Swiss AG joined with WEG Bank in Germany. The former attained a 9.9 percent stake in the bank, along with the option to purchase as much as 90 percent, pending regulatory approval. On July 1…

Strategic Partnership Announced Between TokenPay and Litecoin Foundation

In May 2018, TokenPay Swiss AG joined with WEG Bank in Germany. The former attained a 9.9 percent stake in the bank, along with the option to purchase as much as 90 percent, pending regulatory approval. On July 10, 2018, that 9.9 percent stake has been transacted to the Litecoin Foundation in exchange for a marketing and technology service agreement that could greatly benefit TokenPay.

Under current German banking laws, a business cannot own more than 9.9 percent of any bank without legislative support. Should TokenPay earn the approval it needs, the company will purchase the rest of the bank’s shares and use its network to add several hundred thousand customers to its new debit card solutions platform by the end of the year.

Speaking with Bitcoin Magazine, TokenPay CEO Derek Capo explained, “We are building an entire ecosystem that includes merchant services, banking, escrow, gaming, e-sports, employments services, etc., where we have entire control of the vertical integration needed to lower costs, but also control our destiny. Litecoin is a top-five blockchain in the world, and boasts more than one million followers worldwide, which helps increase the chances of TokenPay’s ecosystem to succeed.”

TokenPay describes itself as “Bitcoin on steroids.” A decentralized and self-verifying payment platform project, TokenPay incorporates cryptographic technology along with security and privacy features to create the company’s token, TPAY. The company also boasts shares in both banking and asset management institutions.

Founded in 2011 by tech entrepreneur Charlie Lee, the Litecoin Foundation is based in Singapore as a nonprofit organization designed for promoting and building blockchain applications. The power and speed of the Litecoin blockchain also allow for lower fees and faster transaction speeds when compared to Bitcoin.

The partnership will give TokenPay access to Litecoin’s many users, who will now have the opportunity to trade and sell TPAY, as well as enroll in the company’s debit card services. Litecoin, on the other hand, will benefit from TokenPay’s banking connections to potentially integrate its blockchain network into further legitimate monetary establishments.

Lee commented, “This partnership is a huge win-win for both Litecoin and TokenPay. I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin.”

Both companies will focus on specific aspects that are critical to the growth of the joint venture, including the TPAY cryptocurrency and its blockchain and the TokenPay multisignature transaction engine, which will boost payment speeds.

Dr. Jorg E. Wilhelm, head of the supervisory board of TokenPay Swiss AG, stated, “Our ecosystem consisting of the TPAY blockchain, WEG Bank, TokenSuisse and Litecoin Foundation provides us with a tremendous opportunity regarding merchant solutions, along with a strong and diverse customer base for our crypto debit card business. The tangible reality of bridging the gap between the old and new world is electrifying.”

Capo said he is also looking into developing partnerships with additional crypto-based companies like Verge.

“This is the beginning of the impact TokenPay is going to have in the blockchain industry,” he said. “We have a lot more projects and deals to work on, and we feel we have barely scratched the surface. Having partners like Litecoin with us is going to make the chance of success higher than it [was] yesterday.”

This article originally appeared on Bitcoin Magazine.

Bitcoin Bull Sticking With $25000 Price Target for 2018 – Bloomberg


Bloomberg

Bitcoin Bull Sticking With $25000 Price Target for 2018
Bloomberg
This year’s cryptocurrency sell-off has done nothing to dent the optimism of Fundstrat Global Advisors head of research Thomas Lee. Already one of Wall Street’s most outspoken Bitcoin bulls, Lee is sticking with his year-end forecast of $25,000, more


Bloomberg

Bitcoin Bull Sticking With $25000 Price Target for 2018
Bloomberg
This year's cryptocurrency sell-off has done nothing to dent the optimism of Fundstrat Global Advisors head of research Thomas Lee. Already one of Wall Street's most outspoken Bitcoin bulls, Lee is sticking with his year-end forecast of $25,000, more ...

Wall Street’s Crypto King says bitcoin is still your best bet – CNBC


CNBC

Wall Street’s Crypto King says bitcoin is still your best bet
CNBC
Wall Street’s Crypto King says bitcoin is still your best bet. 5 Hours Ago. Susquehanna’s Bart Smith on whether bitcoin is the crypto safety trade and whether a comeback is ahead. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Jon …


CNBC

Wall Street's Crypto King says bitcoin is still your best bet
CNBC
Wall Street's Crypto King says bitcoin is still your best bet. 5 Hours Ago. Susquehanna's Bart Smith on whether bitcoin is the crypto safety trade and whether a comeback is ahead. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Jon …

Coinbase App Downloads Have Dropped, but Interest in Cryptos Isn’t Waning

Due in part to the recent bear market for cryptocurrencies, digital currency exchange Coinbase has seen a drop in the number of downloads of its app, reaching levels that are comparable to April 2017. The drop could reflect fleeting interest from retail traders, but doesn’t mean that institutional investors aren’t still buying in. Coinbase’s App

The post Coinbase App Downloads Have Dropped, but Interest in Cryptos Isn’t Waning appeared first on NewsBTC.

Due in part to the recent bear market for cryptocurrencies, digital currency exchange Coinbase has seen a drop in the number of downloads of its app, reaching levels that are comparable to April 2017. The drop could reflect fleeting interest from retail traders, but doesn’t mean that institutional investors aren’t still buying in.

Coinbase’s App

Amidst the all-time highs of digital currencies registered at the end of last year, Coinbase soared to the top spot for U.S. finance apps in terms of downloads.

Since then coins like Bitcoin have lost more than half their value, and perhaps in response Coinbase’s app has fallen to the 40th position in the June app download rankings, as per a report from Quartz.

What’s worth remembering is that the app isn’t the only way customers access Coinbase, as customers can also use its website. Also, the frequency of app downloads is not a clear-cut way to gauge consumer interest, because larger investors that trade more frequently and at higher levels only need one account to do so. 

San Francisco-based Coinbase has also been developing services that are less linked to trading volumes, like Coinbase Asset Management and Coinbase Custody, which is used to securely store digital assets for hedge funds and family offices.

Despite this potentially worrisome new information regarding its app, in general, cryptocurrency exchange platforms are doing extremely well. Coinbase has a valuation of about $8 billion — up from just $1.6 billion in 2017. As for revenue, the company generated more than $1 billion last year. Furthermore, Coinbase currently safeguards the equivalent of $20 billion for its customers.

Moving forward, the exchange’s co-founder and CEO Brian Armstrong said on Twitter that the company isn’t worried about the short-term outlook. Armstrong believes that downturns actually help clear out the people who are involved in the crypto market for the the wrong reasons.

Also of note is that despite the fact that some exchanges have pushed back against closer scrutiny from financial regulatory authorities, sometimes moving to jurisdictions with more welcoming financial policy, Coinbase positions itself as being closely aligned with government watchdogs.

Looking to the Future

Throughout the digital currency revolution, the crypto platform has continually cemented itself as one of the most consumer-centric cryptocurrency service providers. But with the recent launch of the aforementioned Coinbase Custody, the exchange intends to make moves amongst incoming institutional investors as well.

As NewsBTC reported, Coinbase has already accepted deposits from 10 hedge funds and family offices, all within its first week of operation. And their aspirations don’t end there, as the firm hopes to take on a total of 100 institutional clients and manage a collective value of $5 billion in crypto assets by January 2019.

In other news, last month the crypto exchange posted on their blog that they are on track to become a regulated broker-dealer pending approval by U.S. financial authorities.

If approved, the exchange will soon be able to offer blockchain-based securities in compliance with the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), made possible by their acquisition of a broker-dealer license (B-D), an alternative trading system license (ATS), and a registered investment adviser (RIA) license.

Featured image from Shutterstock.

The post Coinbase App Downloads Have Dropped, but Interest in Cryptos Isn’t Waning appeared first on NewsBTC.

The 2018 Year of Cryptocurrency Challenge – Week 23

At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the twenty-second installment of the challenge. This week I was speaking with a colleague of mine, a young […]

At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the twenty-second installment of the challenge.

This week I was speaking with a colleague of mine, a young professional who’s really helping push blockchain technology and cryptocurrency forward, particularly in Chicago. I realized that while there are excellent resources describing established and well-known individuals in the cryptocurrency space, there was a need for even greater visibility into the lesser-known and grassroots campaigns. I decided that I would start working on these profiles in crypto, and sharing them on NullTX with our readership. The first should be ready in the coming weeks. I’ll be focusing on the local leaders and bright minds in crypto who wish to speak with me.

But this conversation highlighted something for me, and helped me rediscover that anyone who’s even minimally involved in cryptocurrency and blockchain technology is as important as the heavy hitters, because they comprise, build, and advance the global community through their own communities. Their stories need to be told.

I also went fishing this past week with a friend. I’m unsure how many of our readers have gone fishing before, but it’s mostly waiting. This was a perfect time to talk to my already-crypto-inclined friend a bit more about cryptocurrency. A few months ago I’d sent him Andreas Antonopoulos’ The Internet of Money, Volume 1 as a gift and wanted to see how much progress he’d made on it. “I finished it,” he said, “and seriously it makes me want to dump all of my money into Bitcoin.” We discussed how distributed networks like Bitcoin are the future, especially considering that immutability and trustlessness are desirable in a transaction, but applicable to pretty much everything – since everything is basically a transaction of data. (For the record, I caught a Northern Pike that day, but it was just a bit too small and I had to release it).

This week I also learned that DEXs (Decentralized Exchanges) actually see a fair amount of volume. I never really considered them to be competitors to centralized exchanges, but studying some of the volume on the more popular ones recently made me reconsider this. I doubt we’ll ever see the end of centralized exchanges (nor do I necessarily want that), but I’m happy that there will always at least be that alternative.

As usual, I tipped some random people on Reddit some Dogecoin and threw a little bit of LTC at my friend who streams since I had his stream up in the background the other day.

Are you also participating in the cryptocurrency challenge? How is it going for you? Do you have opinions on DEXs versus centralized exchanges? Let us know on Twitter and in the comments below!