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Abra Crypto Exchange And Wallet To Have Christmas Bitcoin Giveaway: Here’s How To Get It

Abra Is Giving Away Bitcoin, Discover How To Get It And If There’s A Catch Abra, a crypto exchange and wallet provider, has been reported to be distributing Bitcoin during the current bear market for its clients. The Next Web’s Hard Fork affirmed that Abra has sent an email today to its customers and that it announced that any new investors of its BIT10 ETF-styled (exchange traded fund) token would get $25 USD in BTC as a Christmas gift. However, there is a catch, obviously. Rarely companies just give people money for free. The cashback reward will only be available if you spend at least $1,000 USD during the promotion period on the BIT10 or you will not be eligible to participate. So, basically, you need to purchase at least $1,000 USD worth in BIT10 tokens until December 31 if you want your 25 bucks. It’s kind of a stupid idea, really. You basically bet $1,000 USD in a market during a clear downtrend and you get measly 25 USD for it. A reward of 2.5% simply does not mean a lot when prices are going down and can be too much money for any hobbyist investors. About BIT10 In case you are slightly interested in the prize or in investing in BIT10 with or without the prizes, you should know what BIT10 is all about. Run by Bitwise Management, this market-tracking index tracks down the top 10 cryptos monthly and then organizes itself according to them. If the value of the Top 10 tokens go up, so will the value of your funds, if it goes down, so will your funds, too. You can only buy and sell the ETF-like “tokens” on Abra, though. Because of the bear market, though, now simply does not seem like the best time to invest in this product.
Bitcoin Exchange Guide

Abra Crypto Trading Platform Adds EOS and Siacoin (SC) Support to Wallet

ABRA, the crypto trading platform has recently announced the introduction of two new altcoins from the list of top-50 crypto. EOS and Siacoin are set to enjoy a listing as a supported digital asset on ABRA's trading platform. In the official twitter post, ABRA made the exciting announcement which explained that users can now start investing or trading with EOS/USD and SC/USD pairs. Great news! Abra users can now add EOS (EOS) and Siacoin (SC) to all Abra wallets. https://t.co/FsUbx1Phm6 — Abra (@AbraGlobal) December 11, 2018 Background The exchange announced that both Siacoin and EOS would be listed as synthetic currencies to allow for a seamless exchange between the different digital assets on the platform. The announcement reads: “Both EOS and Siacoin are listed on ABRA as artificial currencies. ABRA's currency uses crypto-collateralized crypto assets to securely and efficiently store and move value amongst different assets. The underlying synthetic currency also allows for ABRA's non0custodial wallet setup and provides a platform for future financial innovation.” ABRA also announced that the addition of EOS and SC elevates the platform's available cryptocurrencies to 30. This is in addition to the 50 fiat currencies already available plus the unique BIT10 crypto index. Gaining attention The addition of EOS and SC may not come as a surprise with the two altcoins grabbing attention since their initial development. Both are ranked 6th and 39th respectively AltDex's 100 Cryptocurrency Index (ALT100). EOS, for example, managed to attract a lot of interest during its crowdfunding round lasting a whole year. The funding also broke records by raising over $4 billion, enough resources for the token to build itself up. The EOS token is the native currency of EOSIO network, a blockchain built to operate as a decentralized operating system. Therefore, EOS is set to become a necessary tool for developers looking to develop customized decentralized applications. The Siacoin is also a native token to a network with its formation back in 2015. The Sia network acts as a decentralized data storage infrastructure to connect people with available computing storage to people in need of that space. In sorts, it's a rental model trying to disrupt the existing model of data ownership and management. A good reason for picking Siacoin lies in its maturity within the crypto space. The venture is older than most merging crypto projects, and this justifies its addition according to ABRA. Continued development The addition of EOS and Siacoin set ABRA on more expansion within the cryptocurrency industry. The recent announcement also comes barely two months since the platform made the Bitwise 10 Crypto Index (BIT10) launch. Under the BIT10 Index, ABRA could potentially gain exposure to over 80% of the crypto market through a single investment vehicle. About ABRA ABRA is a crypto investment and trading platform founded by Bill Barhydt, an entrepreneur with over two decades of experience in payments services. The firm headquartered in Silicon Valley prides itself on providing simple cryptocurrency investment with its open, global financial system, accessible to everyone.
Bitcoin Exchange Guide

Abra Banks on Crypto

SAN FRANCISCO, Nov. 27, 2018 /PRNewswire/ -- Abra, a crypto finance company with an all-in-one global cryptocurrency wallet and exchange, today launched a new campaign that gives $25 of free crypto for new Abra wallet activations. The goal of giving away free crypto is to help raise awareness about the investment opportunities in this new form of finance and to expand cryptocurrency adoption and education among retail investors. Bitcoin just turned ten. But, according to a recent study, fewer than 10% of Americans have invested in cryptocurrencies. Most people say they are disinterested or that they don't really see the need for crypto. The study also found that many people find crypto difficult to understand. Abra is on a mission to change that perception of cryptocurrencies by removing the need to understand the complexities of the technology. The Abra app itself provides a clean user experience for simple crypto investing. The goal of the $25 crypto campaign is to give people a chance to learn risk-free about crypto. "Most consumers look at cryptocurrencies as a get rich quick scheme that is complicated, volatile and confusing," said Bill Barhydt, Abra CEO and founder. "Abra is changing that with the first and only all-in-one cryptocurrency wallet and exchange aimed at retail investors. By making crypto simple, Abra is paving the way for the use of cryptocurrencies within future innovative financial products, like global micro-investing, payments, and index products such as our new crypto-backed index, BIT10. The end result is that people will be more in control of their money and everyone, everywhere in the world will have access to fundamental financial products." The problems crypto solves and a new financial futureWith crypto's market cap down more than 70% since the beginning of the year, there is a high degree of interest in learning more about what problem cryptocurrencies actually solve beyond being a vehicle for crypto speculation. Full story available on Benzinga.com
Benzinga

Abra Will Look at BCH Blockchain Hashing Power Winner After Bitcoin Cash’s Hard Fork Split

Abra To Support BCH Blockchain With The More Hashing Power After BCH Fork In a recent blog post, the team behind the crypto app that supports over 28 cryptos, Abra has informed users of the consequences of the Bitcoin Cash (BCH) fork, which has been scheduled to take place Thursday, November 15. Just like BitPay, who has since shared how they will respond to the fork along with ensuring users are aware of the possible risks tied to trading during the fork, Abra has done the same. As per the claims made, Abra will be suspending activity and trading of BCH at 8:00 AM PST. This means that users will not be able to see their BCH balances. This has supposedly been done to protect users’ funds along with the difficulties that arise for handling said apps during this fork. It seems like Abra, like BitPay, will be measuring rates of performance, given that a split does in fact occur. The latter prefers to sit back on the sidelines, watch and remain with BCH’s Bitcoin ABC. However, the former revealed that after assessing the risks and arriving to a conclusion as to which BCH blockchain supports the most hashing power, they will then follow that fork. At the time of writing, BCH sits at approximately USD$547.25, which is down approximately 3.66% in the past 24 hours. It also supports a total market cap of approximately $9.5 billion and an overall volume of USD$730 million. So, who will it be? Bitcoin ABC or Bitcoin SV? How do you think this will all play out? Comment away!
Bitcoin Exchange Guide

The Business of Blockchain Applications: 4 Lessons from the leaders of Abra and Casa

Left to right: Julian Moncada, Senior Associate at Lerer Hippeau, Bill Barhydt, Founder of Abra, Carolyn Reckow, Head of Operations at Casa, and Jeremy Welch, Founder of Casa.By: Julian Moncada, Senior AssociateI sat down with Abra’s founder Bill Barhydt and Jeremy Welch and Carolyn Reckhow from Casa for a conversation on the blockchain space at our recent 2018 Lerer Hippeau Summit. Bill, Jeremy, and Carolyn have operated in the blockchain universe for years. They’ve lived through their share of breakthroughs as well as disappointments. Across the board, they’ve thrived as operators by matching their relentless enthusiasm with ruthless pragmatism.Here are some takeaways from our discussion that founders inside and outside of crypto can use to evaluate blockchain opportunities and grow alongside the ups and downs of this new technology.1. Blockchains aren’t the right solution for every business use caseThe upsides of trustlessness and decentralization come at costs, most notably speed and scale. While it’s exciting to see the wide range of applications aiming to leverage blockchain tech, the fact remains that users and businesses alike will need to see ROI on using blockchain-based applications. For certain use cases, namely storing and transferring value, the ROI is there today, whereas, for other use cases, the benefits of trustlessness and decentralization are actually quite few and far between.2. No matter how hot a market is, never take your next fundraising round for grantedIn the Summer of 2018, the broader U.S. stock market was still riding a 10 year bull run. Many investors in both public and private markets had pointed to downturns on the horizon only to see their statements eclipsed by headlines that heralded “all time highs.” Nevertheless, the fact remained that few startups had yet see or survive their first true market cycle. At the same time, the crypto market had dipped about 50% from its “all time high” in only six months.To this point, businesses need to maintain a sense of conservatism during bull markets. Getting caught up in the wave of positive news can easily lead entrepreneurs to expect financing as a given. Nothing puts you in a worse position than building plans on top of assumptions about an inflated market, only to have the rug pulled out from under you.3. Culture saves companies during upswings and downturnsBalance sheets aren’t the only thing businesses worry about during market downturns. Downswings are a true test of internal and external stakeholder trust in a business. Hiring the right people and building a resilient culture saves companies and projects internally during market downturns. Bringing on team members who are true believers in your mission is critically important for this reason alone. Hiring doesn’t necessarily get easier during upswings, as more competition for candidates is inevitable, but maintaining a focus on core principles when engaging potential hires is the best way to cut through the noise.4. Customer trust in the brand is criticalExternally, building a brand that customers trust is key. Even in a space built on the concept of trustless computation, earning trust among individuals, users, and customers is paramount. As such, a trusted brand is a key asset for businesses and projects alike as their markets or industries experience volatility externally. Trust comes from transparency and a dedication to upholding the company’s and stakeholders’ values in every decision. And that practice should apply not only to product and culture, but to partnerships, communications, and even financing decisions.My excitement for the companies building tech in the crypto space is matched only by my empathy for the operators within it. I’ve found that the first principles of being an effective operator continue to apply to blockchain-enabled businesses and projects. To me, that means founders across sectors should take notes from this space and crypto-native founders should continue to learn from their peers and those that came before them.Keep up with our community. Subscribe to the Daily Roundup and follow us on Twitter and Instagram.The Business of Blockchain Applications: 4 Lessons from the leaders of Abra and Casa was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

BIT10 Is Inspiring Institutional Investment Thanks To Abra

Institutional investment is a driving force that promises to pull Bitcoin up to the very top. Many expect that when the big institutions start to get involved that Bitcoin will surpass all of its targets and reach values that far exceed $20,000.00. This is why, when we hear news of index funds and other projects of institutional interest we all get a little bit excited. This latest project, through Abra is no exception to this. Continue reading BIT10 Is Inspiring Institutional Investment Thanks To Abra at Crypto Daily™.
CryptoDaily
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
Ethereum World News

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
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