TAPTAP TAP STO news

TAP is a blockchain-based trading platform, which provides a link between banking facilities and major crypto exchanges.
Status
Upcoming
Raised
Soft cap
15,000,000 USD
Hard cap

World latest news

The Fastest ICO Blockchain As A Service Project In Asia, Bezant, Partners With Korea Prepaid Card

Bezant, a blockchain based solutions company, is partnering with Korea’s largest prepaid card distributor, Korea Prepaid Card to tap into the projected $3 trillion prepaid card industry. According to an official statement from the Bezant team, the partnership is set to enhance the capabilities of prepaid cards products and services by integrating blockchain based solutions. […]
Bitcoin Exchange Guide

Trust Wallet Launches Multi-Dex Support, Brings Traders Kyber Network’s On-chain Liquidity

Coinspeaker Trust Wallet Launches Multi-Dex Support, Brings Traders Kyber Network’s On-chain LiquidityTrust Wallet, the official crypto wallet app of Binance and native support for the Binance DEX, a decentralized exchange, aims to provide users a native wallet experience for multiple decentralized exchanges that give the freedom to choose how they trade and utilize their digital assets with complete ownership of funds.Trust Wallet Multi-DexNow, with the integration of Kyber Network Protocol-an on-chain liquidity protocol that uses cross-chain interoperability to aggregate liquidity from cryptocurrency traders, holders, and blockchain ecosystem stakeholders, Trust Wallet users have access to multiple decentralized exchanges.The exchange of digital funds takes place in an order book-less interface, providing a more natural way to swap cryptocurrency tokens instantly. To have a true ‘Multi-Dex’ going forward, Trust Wallet will include additional protocols to help realize more liquidity.Viktor Radchenko (founder Trust Wallet) said:“Our mission is to provide decentralized and trustless access to financial services through a simple and seamless interface. The Kyber Protocol will give all Trust Wallet users more options to instantly trade their assets and tap into a large pool of ERC20 token liquidity. We are always looking ahead and will integrate more projects and protocols within our ecosystem, making crypto more accessible for our users in the process.”Trade On-the-GoLast month, Trust Wallet announced its native wallet support on Binance DEX, where you can access a decentralized digital asset exchange built on the Binance Chain with near-instant transaction finality. With Kyber Network Protocol, Trust Wallet users can now facilitate greater access to a central liquidity pool and instant settlement through an open architecture of Kyber Network.Endless PossibilitiesThe Trust Wallet Multi-Dex experience opens endless new possibilities to the way we transact. Imagine you were standing at a coffee shop, and they accepted a different cryptocurrency to the one you had in your Trust Wallet; now, with this integration, you can pay for the coffee by instantly swapping your digital asset to the one accepted at the coffee shop.Also, you can trade your tokens to utilize them on dApps via built-in Trust Wallet dApps Browser.A Trusted Gateway to a Decentralized WorldTrust Wallet pivoted from being just the best-in-class Ethereum wallet to a multi cryptocurrency wallet with a focus on making access and usage of cryptocurrency much easier than before.Apart from being just a crypto wallet app, it also allows users to access hundreds of decentralized applications (dApps) and transact with different blockchains through an intuitive mobile interface with unmatched simplicity and user-friendliness. With this release, we are giving the freedom to choose how and where you trade. Access it on your mobile on the go or via desktop in the comfort of your home.About Trust WalletTrust Wallet is the official wallet of Binance. Trust Wallet is a decentralized mobile wallet with a clean interface and a high level of security, designed to facilitate the adoption of cryptocurrencies for users with any degree of knowledge of blockchain. Trust provides a secure wallet to send, receive and store digital assets, and its built-in dApp browser can be used to communicate with dApps and trade crypto and collectibles directly from a smartphone or tablet.Trust Wallet’s native support on Binance DEX allows users to trade their crypto directly on the platform while staying in full control of their digital assets. Download the Trust Wallet crypto wallet on the iOS App Store or Google Play Store today!For more information, visit: Trustwallet.com.Stay connected for future updates, and you can follow us on Twitter or join our Telegram community and let us know what you think!Trust Wallet Launches Multi-Dex Support, Brings Traders Kyber Network’s On-chain Liquidity
Coinspeaker

Binance’s Trust Wallet Releases Multi-Dex Support Powered By Kyber Network

Trust Wallet, the official crypto wallet app of the Binance Exchange, will now feature a “Multi-Dex” cryptocurrency exchange option through the integration with Kyber Network Protocol. In addition to native access to Binance DEX, Trust Wallet users will have access to a variety of decentralized exchanges and be able to swap their digital assets directly from inside the app. The new option is possible thanks to the  Kyber Network Protocol, which uses cross-chain interoperability to aggregate liquidity for DEXes from multiple actors in the blockchain ecosystem, including traders and stakeholders. Multi-Dex features a simplified exchange interface, without any complicated order books, to provide for a more natural way of swapping crypto while maintaining complete control over the funds in the app. While this partnership is good news for Kyber Network, Trust Wallet is looking to integrate other protocols as well. In the words of Trust Wallet founder, Viktor Radchenko: Our mission is to provide decentralized and trustless access to financial services through a simple and seamless interface. The Kyber Protocol will give all Trust Wallet users more options to instantly trade their assets and tap into a large pool of ERC20 token liquidity. We are always looking ahead and will integrate more projects and protocols within our ecosystem, making crypto more accessible for our users in the process.Viktor Radchenko, Trust Wallet Founder Trust Wallet began its life as a wallet for just Ethereum and ERC-20 tokens, but with the launch of Trust Wallet 2.0 in 2019 it pivoted to include all major and minor cryptocurrencies, while making them as accessible as possible to the end user. Under this design philosophy, Trust Wallet launched support for Decentralized Exchanges on its app, allowing users to seamlessly and instantly exchange their crypto without having to worry about the inner workings of the process. In addition to its wallet features, Trust Wallet can also be used to interact with hundreds of dApps through a simple interface, accessible to blockchain users of any level.  The Trust Wallet App is available on Apple App Store and Google Play. The post Binance’s Trust Wallet Releases Multi-Dex Support Powered By Kyber Network appeared first on Crypto Briefing.
CryptoBriefing

Binance’s Trust Wallet To Allow Users To Access Multiple Decentralized Exchanges

Official wallet of Binance crypto exchange, Trust Wallet is introducing a new feature for its worldwide users. The wallet is launching Multi-DEX support, confirmed by Binance in a press shared with Coingape.com. Trust Wallet To Support Multi-DEX Trust Wallet is a decentralized mobile wallet and the official wallet of Binance cryptocurrency exchange. Besides cryptocurrencies, the trust wallet also supports dApp via its built-in dApp browser. The wallet is already serving Binance DEX on its platform and soon to support multiple decentralized exchanges. The wallet intends to provide “native wallet experience” of various decentralized trading platforms to users across the globe. To do this, Trust wallet is integrating with Kyber Network Protocol which is an on-chain liquidity protocol. The announcement reads that integration will enable users’ to access various decentralized crypto trading platforms “right from Trust Wallet”. The release reads that; The exchange of digital funds takes place in an order book-less interface, providing a more natural way to swap cryptocurrency tokens instantly. Trust wallet is using Kyber Network Protocol which is an on-chain liquidity protocol and uses cross-chain interoperability to aggregate liquidity from cryptocurrency traders, holders, and blockchain ecosystem stakeholders. Concerning the new feature of “Multi-DEX support, that is scheduled to announce on July 24, Viktor Radchenkol, founder Trust Wallet states that; “Our mission is to provide decentralized and trustless access to financial services through a simple and seamless interface. The Kyber Protocol will give all Trust Wallet users more options to instantly trade their assets and tap into a large pool of ERC20 token liquidity, Viktor explained. We are always looking ahead and will integrate more projects and protocols within our ecosystem, making crypto more accessible for our users in the process.” The platform expects that this new feature will open up new possibilities in a decentralized crypto trading for users, allowing them to securely use the crypto holding from across various platforms. Image source – Trust Wallet Twitter The post Binance’s Trust Wallet To Allow Users To Access Multiple Decentralized Exchanges appeared first on Coingape.
CoinGape

TrustToken Inc. Launches Hong Kong Dollar-Pegged Stablecoin TrueHKD

TrustToken Inc., the company behind the TrueUSD (TUSD) stablecoin has launched a new digital token pegged one-to-one with the Hong Kong dollar, reports Crowdfund Insider, June 24, 2019. TrustToken Enters the Asian Waters In a bid to tap into the lucrative Asian digital currencies space, TrustToken has launched the world’s first digital token pegged toRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Are Conferences the New Earnings Calls?

“[Block]chain of Events” — May EditionAs an entirely new asset class, it is difficult to frame the unusual qualities and characteristics of digital assets into existing and accepted investing frameworks. One such example is the dissemination of information. Token communities are far-flung and decentralized, and there are no shareholder ledgers to track asset owners, and no requirements to provide material updates to shareholders (such as proxy voting, annual financial filings and shareholder meetings). Crypto projects have had to get creative with how they tap into their communities.Traditional Earnings CallsIn the traditional world of equities, companies provide updates to shareholders through quarterly earnings calls. These calls are intended to satisfy investors and analysts and include a discussion of the earnings reports (which have already been publicly released) and a question and answer session. The entire process is not necessary since much of the content of the call is required to be released by the SEC, however, these calls allow the management of a company an opportunity to connect with their community and supporters.A company’s quarterly results either accompany the start of the earnings call or slightly precede it (usually about 48 hours in order to avoid having to file an additional form). Earnings calls are typically held outside of trading hours in order for investors to hear the results before trading around the stock. Despite this, earnings calls have become tradable events, with investors anticipating outcomes based on the results of others, and reacting quickly to the actual results themselves.Digital Asset CommunicationCompanies and projects that issue digital assets are a unique hybrid between private and public companies. They have no regulatory requirements for earnings reports as public companies do. But crypto projects generally have a large and distributed base that is difficult to reach unlike private companies that can email their small list of investors. Crypto is often called the “Wild West” since there are no rules and regulations to follow regarding basic practices such as updating investors. Projects who are dedicated to doing things right by their supporters still struggle with how to best engage with their communities and provide updates.Enter conferences. The Bitcoin Conference, organized by BTC Inc. began in 2013, very early in the life of digital assets. It is one of the earliest examples of a conference intended to bring together community members in one place. More recently, starting in 2015, Consensus, the annual conference organized by crypto publication CoinDesk, has become one of the most well-attended and publicized events of the year.As the number of projects and interest in the space grew in 2017, individual projects began to hold their own standalone conferences. In the beginning, conferences, which are primarily hosted by protocol-level projects, were intended as a means to attract projects and dapps to build within their ecosystem. However, they quickly evolved into serving more of the purpose of an earnings call where projects make updates, announce new initiatives, and drum up support from their communities. As such, conferences have become investable events as projects build hype and visibility in the lead-up.Below we explore example tokens which have successfully harnessed their conferences’ power.Tron (TRX) — niTRON Summit, San Francisco — January 17–18, 2019Tron is a Proof of Stake (PoS) blockchain that aims to improve speed and scalability over older blockchains and focuses on the media sector. The Tron project is most well-known for its incredible marketing machine in the form of its founder and CEO, Justin Sun. Sun is considered the biggest “hype man” in crypto, constantly using any and all mediums to talk up Tron. Despite the questionable marketing tactics, Tron has seen massive success following its conference, niTRON, held at the beginning of this year.In the weeks leading up to the conference, daily Twitter posts from Sun advertised the conference and engaged the community. As can be seen in charts below, Tweet Volume and Sentiment Scores* increased ahead of niTRON. Finally, to sweeten attendance, Sun announced that the keynote speech for the conference would be given by Kobe Bryant. No one was confident that Bryant was in any way involved with crypto projects, let alone Tron. However, the conference flyer picturing Sun and Bryant, was plastered all over Crypto Twitter, leading many to assume that there would be some announcement related to Bryant’s endorsement or involvement in the project at the conference. At niTRON it became apparent that this was not the case and Bryant’s participation was just a paid appearance.However, at the start of the actual conference, Justin Sun appeared on stage to deliver opening remarks where he announced that the BitTorrent network would launch the following week with monthly airdrops of the BitTorrent Token (BTT) to TRX holders. Many expected such an announcement after Tron purchased BitTorrent for $120m in early 2018. The resulting price action for TRX was overwhelming as the community embraced the milestones the project achieved and a potentially promising 2019.All data sourced from The TieAll data sourced from The TieCardano (ADA) — IOHK Summit, Miami — April 17–18, 2019Cardano is a third-generation blockchain smart contract platform utilizing Proof of Stake instead of Proof of Work. It’s founder, Charles Hoskinson, set out to create a smart contract platform that remedied the issues Ethereum encountered. Cardano’s code is peer-reviewed and audited by a third party before it is deployed, something that is very unique to this blockchain. It is considered an incredibly promising project but has been slow to move and stay apace with other smart contract blockchains, hampering community sentiment.Promotion of Cardano’s IOHK Summit began in February, a time when the overall crypto market was inching back to recover losses from the previous few months. Communities for tokens like Cardano, which had been fairly quiet throughout November and December, welcomed what a conference might mean. It was also no coincidence that the conference coincided with the launch of Shelley, the next major milestone in Cardano’s technology roadmap.The conference brought new attention to Cardano as expectations mounted for an event that would include many positive progress updates. During the event itself, Cardano announced the launch of it’s Atala project — an enterprise version of Cardano. In addition, IOHK, the group behind Cardano’s development, revealed an MoU with the Ethiopian government to develop a cryptocurrency for Ethiopians. Despite these milestones, all eyes were set on the release of Shelley, scheduled for two days following the conference on April 20.However, Shelley did not launch on time as expected and the token began to lose momentum. A disappointed and frustrated community saw the token price stall with the launch of Shelley (Chart 3 shows how the Sentiment Score quickly turned negative following April 20). As of now, the launch date of Shelley is still TBD.All data sourced from The TieAll data sourced from The TieEthereum (ETH) — Ethereal and Consensus, New York City — May 10–15, 2019Blockchain Week held in early May included a plethora of events culminating with Consensus, one of the largest crypto gatherings of the year. Although an industry-wide event, Consensus has always been a massive positive for Ethereum and everything within its ecosystem. With the growing popularity of crypto in recent years, the Ethereal Summit was created as a dedicated Ethereum conference. Both these large conferences had a positive impact on Ethereum’s price leading into Blockchain Week.Besides the star-studded lineup for the conference, Ethereal became the platform for the Ethereum Foundation and ConsenSys to lay out their plans for Ethereum 2.0, the upgrade to Proof-of-Stake. This included a $30m budget from the Ethereum Foundation that will be used to fund projects over the next year aimed at developing the technology and raising awareness. Specifically, their strategy includes involving academic researchers via research and development grants.All data sourced from The TieAll data sourced from The TieCrypto conferences have become investable events following a set pattern of promotion, in which awareness and sentiment for tokens increases in the preceding weeks. This increased attention and engagement leads to price appreciation, however, the hype itself did not necessarily equate to a change in the fundamental value of these tokens. As a result, tokens often experience a post-conference decline. With that in mind, the conferences of TRX, ADA and ETH attempted to push out news or announcements that could have a fundamental effect on their respective tokens. In some cases this worked (TRX, ETH) and other times it did not (ADA). But one thing is certain, we’ll continue to see conferences take a leading role in community engagement for token projects and a correlated pre-conference price appreciation for many years to come.— The Arca Research TeamFollow us:Medium Katie Talati & Hassan BassiriTwitter at @KatieTalati @HassanBassiri @Arca*A note about sentiment score: the Sentiment Score from The Tie is a measure of how many standard deviations from the mean positive or negative conversations on Twitter are today vs. a 7-day moving average. Continual periods of positive sentiment means that conversations are becoming increasingly positive. As sentiment score compares Tweets over one day vs. a 7 day look back period they are highly volatile, and therefore a 30-day MA is used for better visualization.Originally published at https://www.ar.ca.Disclaimer:As of the date of this commentary, Arca Digital Assets Fund holds positions in ETH.This commentary is provided as general information only and is in no way intended as investment advice, investment research, a research report or a recommendation. Any decision to invest or take any other action with respect to the securities discussed in this commentary may involve risks not discussed herein and such decisions should not be based solely on the information contained in this document.Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed herein are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca Funds disclaims any obligation to update or revise any statements or views expressed herein.In considering any performance information included in this commentary, it should be noted that past performance is not a guarantee of future results and there can be no assurance that future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which information, although believed to be accurate, has not been independently verified. Arca Funds and/or certain of its affiliates and/or clients hold and may, in the future, hold a financial interest in securities that are the same as or substantially similar to the securities discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and Arca Funds and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities. This commentary has not been reviewed or approved by any regulatory authority and has been prepared without regard to the individual financial circumstances or objectives of persons who may receive it. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/hrefAre Conferences the New Earnings Calls? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

CryptoCasino.com Launches On The FunFair Blockchain Platform

RakeTheRake brand becomes the first white label partner of leading blockchain supplier [Press Release 20th June 2019] – CryptoCasino.com, managed by affiliate RakeTheRake, has today launched as a licensed white label on FunFair Technologies’ leading blockchain casino platform. FunFair’s first external white label, CryptoCasino.com is now well set to tap into the rapidly growing millennial blockchain casino audience. The sector has already seen the equivalent of a billion dollars wagered in 2019 alone. The sought-after brand will also gain instant access to FunFair’s audience of 65,000 FUN token holders, along with its own vast player base cultivated over years of running its world-leading  affiliate program. Crypto Casino is RakeTheRake’s first foray into both the online casino space and blockchain, demonstrating how FunFair’s low-cost, easy-to-integrate platform can offer those, who may have previously been deterred, a successful casino operation. Showcasing FunFair’s proprietary Guaranteed Fair technology and a burgeoning games portfolio that rivals traditional offerings, CryptoCasino, is set to further raise the standard of blockchain gaming. Karim Wilkins, Founder and CEO at RakeTheRake, said: “Becoming FunFair’s first white label with Crypto Casino gives us great satisfaction. We’re extremely confident in our brand, the platform and the innovative affiliate technology, and we can’t wait to take CryptoCasino and its players to the moon.” Jez San, Co-Founder at FunFair, said: “Crypto Casino’s launch is a major landmark on the FunFair roadmap and we’re excited to partner with expert marketeers in RakeTheRake who will drive further adoption to our gaming ecosystem. “We continue to update our platform to ensure it’s as user-friendly for those with and without crypto knowledge and working on the next steps with RakeTheRake and its Crypto Casino players will confirm our position as the leading blockchain gaming provider.” Cryptocasino.com is now live and available to ready to play for those in accepted territories, with a limited time sign up offer of $60’s worth of FUN available to new players to celebrate the launch. About FunFair Technologies FunFair is the leading B2B blockchain casino platform provider, changing the gaming industry for the better. Running on the blockchain, FunFair is empowering a new breed of operator with a low-cost platform, game developers with access to a vast new audience, and players with a Guaranteed Fair experience superior to anything else on the market. Its team has over 100 years of combined experience in the gaming and casino space, as well as 20 years of blockchain expertise, providing a platform to deliver the best slots, table and unique instant win games in a transparent, fair manner. Co-founded by Jez San OBE, Jeremy Longley and Oliver Hopton in 2017, its growing team of c.40 are based in Dublin and London. For more information, visit funfair.io. Follow on Twitter at twitter.com/funfairtech and Telegram at https://t.me/FunFairTech. About Crypto Casino Crypto Casino combines cutting edge technology with the benefits of blockchain, going beyond what traditional casinos offer to ensure players Guaranteed Fairness. Running on FunFair Technologies leading blockchain casino platform, Crypto Casino players experience not only the fastest and best games on the block but they can also be confident that every aspect of their account and gameplay is transparent. Crypto Casino is managed as a white label by online gaming affiliate, Armchair Partners Ltd, based out of the UK and Sweden and founded in 2004, which runs the poker rakeback brand, RakeTheRake.com. For more information, visit CryptoCasino.com and ArmchairPartners.com. Follow Crypto Casino on Twitter here and Facebook here. The post CryptoCasino.com Launches On The FunFair Blockchain Platform appeared first on CryptoPotato.
CryptoPotato

Calibra: The Facebook-Powered Blockchain Monetary Ecoystem

Coinspeaker Calibra: The Facebook-Powered Blockchain Monetary EcoystemCalibra is a blockchain-based financial ecosystem implanted into the core of Facebook’s messaging community – Messenger, WhatsApp, and Instagram.Also referred to as Calibra Crypto Wallet Ecosystem, the new initiative is governed by a group known as the Libra Association Consortium, comprising of 28 top-notch Individual firms cutting across companies in blockchain, financial, entertainment, telecoms, e-commerce as well as top payment processing enterprises. The Calibra infrastructure is an underlying technology for its Libra Network. In fact, it is a digital wallet with the capability to reach a wide range of users, keeping users engaged, and also introduce new revenue streams for these platforms.One that permits users to perform several payment processing functions like never seen before. Users with such affiliate apps as WhatsApp, Instagram or Messenger can tap into the uncharted territories of blockchain transactions. With a wide scope capacity to reach out to over 2.7 billion users from multiple geo-political zones, regions, and countries worldwide. The Calibra Network grants users can simply sign-in to this Calibra dashboard from these Facebook apps, and consequently convert their fiat currencies to the in-house Libra cryptocurrency. This Allowing users with a low-cost budget to efficiently send money to anyone, anywhere in the world and at any given time.Through the Libra Reserve feature of the Calibra platform, users can convert and save their money over time. Libra is not only a utility token but a stablecoin – more like traditional fiat money they are less volatile. Peter Lewis, an Associate with Mercy Corp, one of the joint-partner companies in the Libra Consortium and potential founding member of this Libra Project, expresses the need for this mechanism of payment embedded into messaging apps, saying:“We see a huge opportunity for financial inclusion. Of the 1.7 billion people who don’t have bank accounts, one billion have a phone which could probably support this system.”Designed specifically as a standalone dApp, the new ecosystem could reside in third-party messaging platforms as a wallet dashboard.Calibra, although a subsidiary of Facebook, functions as an autonomous entity that stringently adheres to regulatory policies. Once launched, the Calibra dApp would be available to users for download on Google playstore and iOS App Store. Having the prospects to reach out to a wide range of clientele as well as granting users in developing economies an ample opportunity to utilize Facebook’s user-friendly, ‘one-click’ monetary system, the company pioneered Association which would possess cross-border jurisdictions in places conventional political authorities couldn’t penetrate.Despite the social networking community is often regarded as a communications platform, it would be essential if chatting apps could serve as a global financial transaction medium.Although been able to incorporate as many third-party affiliate apps into the Calibra Ecosystem, these features that are shipped in by the Libra Blockchain powered platform is currently solely tied to the Facebook affiliate messaging platforms: Instagram, Messenger & WhatsApp.Calibra: The Facebook-Powered Blockchain Monetary Ecoystem
Coinspeaker

MasterCard, Visa, Uber and Other Big Companies Backing Facebook’s Cryptocurrency

Coinspeaker MasterCard, Visa, Uber and Other Big Companies Backing Facebook’s CryptocurrencyIt seems Facebook Inc. has signed up more than a dozen companies including Visa Inc.,Mastercard Inc., PayPal Holdings Inc. and Uber Technologies Inc. to back a new cryptocurrency it plans to unveil next week and launch next year.Each of the new partners will allegedly invest around $10 million in the project as part of a governing consortium for the cryptocurrency.Also, Stripe, Booking.com and MercadoLibre will also back up the project, even though it’s still not known what their roles will be. However, it is presumed that these members will use the Facebook Coin to reach globally.For now, what it’s known is that the governing body, called the Libra Association will not have direct control over the coin and so won’t Facebook itself. As sources told the Wall Street Journal, some members still don’t fully understand how the coin will work or what will their role in the project be.However, last week there came a report that was explaining Facebook is hoping to enlist as many as 100 organizations to act as “nodes” in the network, which will limit any single organization’s control over the digital currency (including themselves).By creating such an independent base for overseeing its cryptocurrency, Facebook will be introducing a level of decentralization to avoid regulation related to it holding too much power over a global currency. Each of the companies in the consortium will validate transactions made with Facebook’s cryptocurrency and in exchange get a say in how the token is governed.Some doubt, however, that given Facebook’s infamous security management, the blockchain would supposedly be “far more centralized” than Bitcoins and the company would tap outside firms to help run the system.For now, Facebook has been quite secretive about the purpose of their coin. One of the most possible uses is one that BBC suggested, that Facebook may look to retailers, allowing its users to purchase discounted goods using the cryptocurrency. The cryptocurrency would be used to transfer value directly from Facebook to the retailer, cutting out credit card companies in the middle, which would then help the retailers’ profits.Also, the Commodity Futures Trading Commission said they were in early talks with Facebook about its coming stablecoin. According to commissioner Christopher Giancarlo no application has yet been submitted to the CFTC.Be it as it may, we’ll have to wait until June 18 to see what’s this all about.MasterCard, Visa, Uber and Other Big Companies Backing Facebook’s Cryptocurrency
Coinspeaker

Brave working towards integrating rewards redemption for gift certificates, reveals VP of Services and Operations

Brave company, the entity behind Brave Browser, is an open and free source browser that focuses on increasing privacy. The browser also makes use of BAT, the utility token, as a reward for its users for viewing ads. During a recent AMA on Reddit, Brave’s  VP of Services and Operations, Jimmy Secretan, answered some users’ questions regarding the browser and the company. Secretan explained how Brave aims for, above all, the best experience on the web for its users with the utmost privacy. He added, “The best experience on the web should be fast and respect privacy. The best experience on the web should make ads a healthy part of the experience, not a burden. The best experience on the web should open up access to all the best content, in the way with the lowest possible friction.” Speaking about the progress of the company in terms of its new partnerships, Secretan said that Brave was working on integrating rewards redemption for gift certificates offered by their partner, Tap. He confirmed that they would use them as soon as the underpinnings for the same are developed, and that Brave rewards for premium content wasn’t far behind. Secretan also mentioned that the company was looking into KPI [Key Performance Indicators]/statistics to track development and adoption. However, he added, “… as we move into BAT Apollo, the next phase of development, greater decentralization will help make some of these metrics more readily available.” The utility token, BAT [Basic Attention Token], was the 26th largest cryptocurrency in the world, with a market cap of $429 million, at press time. BAT posted a hike of 10% over the last 14 hours. The post Brave working towards integrating rewards redemption for gift certificates, reveals VP of Services and Operations appeared first on AMBCrypto.
AMBCrypto

Facebook’s GlobalCoin Cryptocurrency Likely to Arrive This June

Coinspeaker Facebook’s GlobalCoin Cryptocurrency Likely to Arrive This JuneAs Facebook accelerates its plans to launch its own cryptocurrency, the latest report from The Information states that the social media giant could likely launch its GlobalCoin digital currency by the end of June 2019.Over the last few months, Facebook has been constructing its plans to introduce its crypto tokens. In this attempt, the company is talking with several online retailers, merchants, and even exchanges. The latest report shows that Facebook boss Mark Zuckerberg recently had a word with Gemini crypto exchange owners – The Winklevoss twins – to list the GlobalCoin.Besides, the CFTC chairman also acknowledged that the social media behemoth is discussing the regulatory viabilities of its crypto token.It looks like Zuckerberg is potentially seeing a huge opportunity lying ahead in the global payments market and doesn’t want to miss out on it. Facebook CEO Mark Zuckerberg also spoke about the opportunities in the payments market during the Facebook developer conference earlier this year.Facebook Pushing Ahead Its Crypto ProjectThe latest report suggests that Facebook is planning to have crypto ATMs in place. Moreover, it is most likely to ask its employees to draw their paychecks in GlobalCoin thereby initiating its adoption. The major focus is to tap Facebook’s 2 billion user-base and give them a quick idea of how convenient it is to send payments using a cryptocurrency.The report also notes that Facebook is planning to have third-party organizations to act as “nodes” to help the company manage its crypto network. Facebook is likely to charge $10M upfront for licenses to anyone willing to partner with them. Facebook will likely be running its entire cryptocurrency project under its newly established FinTech startup ‘Libra Networks’, in Geneva, Switzerland.Over the last year, Facebook has taken a massive hit in its ability to provide “privacy” to its users. The idea to bring third-party organization to handle the payment nodes hints that Facebook is looking to convince the regulators that it won’t have absolute centralized control over the GlobalCoin. But no doubt the GlobalCoin will be most likely running on permissioned blockchain network with only the partners having access to it.Banks are Wary of Facebook’s Crypto PlansAlthough Facebook is coming up with its crypto plans some banks and regulators are wary of it. Rebecca Harding, the former chief economist at the British Bankers’ Association, notes that Facebook isn’t regulated the way banks are and neither the cryptocurrencies are regulated the way fiat currencies are.Rebecca calls such crypto tokens to be “big regulatory headaches” when it comes to handling the KYC and Anti-money laundering rules. Of course, banks and their associates are likely to have a certain amount of bias to anything they see as a potential competitor. On the contrary, 14 global banks from Asia, Europe, and the U.S. announced the launch of their own Utility Settlement Coin (USC) earlier this week.Speaking to the Financial Times, ING economist Teunis Brosens said:“The sheer scale that a Facebook coin could achieve should give businesses, competition authorities and central banks some food for thought. Banks may find themselves disintermediated, with business suppliers increasingly bound to Facebook’s platform”.Brosens further added:“Launching virtual currencies on a modest scale has a negligible impact on monetary policy and financial stability.But if a lot of transactions end up being handled by what is, in effect, a foreign currency, central banks might want to think again.”According to a BBC report, Mark Zuckerberg has reportedly met Bank of England governor Mark Carney in April 2019 to outline his plans. Zuckerberg reportedly spoke about how his cryptocurrency can help reduce financial barriers while reducing the costs to customers.Facebook’s GlobalCoin Cryptocurrency Likely to Arrive This June
Coinspeaker

Crypto Exec: Bitcoin Ready To Blast Past $10,000, Tap $12,000 In 40% Boom

Over the past two months, Bitcoin (BTC) has ripped to the upside, posting an over 100% gain. At the same time, some crypto assets, like Binance Coin (BNB), Litecoin, and Chainlink, have, to put it (not so) lightly, gone to the moon. As Ikigai’s Travis Kling recently pointed out, Bitcoin is up 129% year-to-date, while BNB has seen a jaw-dropping 432% performance, rallying off the exchange’s commitment to building a value proposition for the token. In any other market, investors would be doing their utmost to secure profits, liquidating their digital asset stashes for fiat. Ironically so, it would be kind of like a bank run, with speculators running for the hills to secure their “lambo money”. For some reason or another, however, many in the cryptocurrency ecosystem are sure that Bitcoin’s run is just getting started. Crazy, right? Related Reading: Crypto Tidbits: Bitcoin Taps $9,100, Samsung Pay Could Support Cryptocurrency, Whales Accumulating Bitcoin Is Ready To Roll Vinny Lingham, the chief executive of Civic that has been dubbed the “Oracle of Bitcoin” on some occasions, took to Twitter to convey his latest BTC price predictions. In a tweet, the venture capitalist explained that he believes that Bitcoin may soon “blow through $10,000”, to then test $12,000. This BTC action looks aggressive. Makes me think that we may blow through $10k and test $12k very soon, but $12k is a very heavy resistance level, so I would expect consolidation around the $10k level for some time if $12k is (likely) rejected. — Vinny Lingham (@VinnyLingham) May 31, 2019 From there, he expects for the crypto market to stagnate, as $12,000 is purportedly a “very heavy resistance level”. Indeed, $12,000 is just about where BTC topped twice in early-2018,  which was when the cryptocurrency market was trying to break from the vise of bears. And more importantly, a collapse under $12,000 is what many believe kicked off 2018’s brutal decline. Does BTC Have The Chops?  This begs the question — does Bitcoin even have the legs to pass above $10,000. According to most analysts, it sure does. As Filb Filb explains, 7,300 BTC worth of shorts opened on Bitfinex when Bitcoin was trading between $11,600 and $13,800 levels in early-2018. Assuming that the positions have yet to cover, Filb remarks that as the cryptocurrency market continues to show bullish momentum, shorts will become increasingly under pressure to close. This, coupled with the 0.618 Fibonacci Retracement level of Bitcoin’s $20,000 to $3,150 range, should create upward price pressure. Related Reading: After Posting Best Monthly Close Since 2017, Bitcoin May be Posed for Significantly Further Gains Interestingly, some expect for Bitcoin to consolidate much sooner though. Per previous reports from NewsBTC, Mike Novogratz, the chief executive of Galaxy Digital, believes that Bitcoin is likely to consolidate between $7,000 to $10,000. He quipped that “trees don’t grow to the sky”, hinting at his belief that the recent move might be ‘too much, too fast’. He did note, however, that he could be wrong, noting that there’s sufficient “excitement and momentum”, or FOMO as Fundstrat’s Tom Lee calls it, to propel Bitcoin higher. We will have to see though. Featured Image from Shutterstock Crypto Exec: Bitcoin Ready To Blast Past $10,000, Tap $12,000 In 40% Boom was last modified: June 2nd, 2019 by Nick ChongThe post Crypto Exec: Bitcoin Ready To Blast Past $10,000, Tap $12,000 In 40% Boom appeared first on NewsBTC.
NewsBTC
More news sources

Trending

Hot world news

Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019
8BTC

HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.
DecentralPost

The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
Bitcoinist
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.