Atomic swap news

A feature in cryptocurrencies that allows for the exchange of one cryptocurrency for another cryptocurrency without the need for a trusted third party.

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Atomic Wallet joins the Foundation for Interwallet Operability (FIO)

Atomic Wallet joins the Foundation for Interwallet Operability (FIO) » CryptoNinjas Atomic Wallet, a decentralized multi-currency wallet that uses atomic swaps, today announced it has joined the Foundation for Interwallet Operability (FIO). As the newest member of FIO, Atomic Wallet joins a consortium of 24 other leading wallets and exchanges in the crypto ecosystem, including Enjin Wallet, Binance’s Trust Wallet, BRD Wallet, ShapeShift, MyCrypto, Edge Wallet and Coinomi […] Atomic Wallet joins the Foundation for Interwallet Operability (FIO) » CryptoNinjas
CryptoNinjas

Komodo Price Analysis KMD / USD: Insufficient Energy

Komodo has a bearish short-term bias, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated The daily time frame still shows a valid inverted head and shoulders pattern Fundamental Analysis Komodo is starting to gain bullish momentum after the project released AtomicDEX v.0.1.6. The project has been successfully developing its decentralized exchange and currently accepts applications for the public-beta of its asset-agnostic atomic swap DEX. Komodo / USD Short-term price analysis Komodo has a bearish short-term bias, with the cryptocurrency still trading below its key 200-period moving average on the four-hour time frame. The four-hour time frame is showing that KMD / USD bears have invalidated a large inverted head and shoulders pattern. The cryptocurrency is vulnerable to further losses while trading below the invalidated pattern. Technical indicators are bullish on the four-hour time frame and continue to generate a buy signal.   KMD / USD H4 Chart by TradingView   Pattern Watch Traders should note that an even larger inverted head and shoulders pattern could start to form on the four-hour time frame if the KMD / USD pair continues to rally. Relative Strength Index The RSI indicator has turned bullish on the four-hour time frame and continues to issue a buy signal. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to generate a strong buy signal. Komodo / USD Medium-term price analysis Komodo has a bearish medium-term outlook, with the cryptocurrency still trading below its trend defining 200-day moving average. The daily time frame is showing that the KMD / USD pair is trading below key technical resistance. The recent decline has also failed to invalidate the huge inverted head and shoulders pattern on the daily time frame. Technical indicators across the daily time frame are attempting to move higher, although they remain technically bearish.   KMD / USD Daily Chart by TradingView   Pattern Watch Traders should note that the large inverted head and shoulders pattern on the daily time frame has huge upside potential. Relative Strength Index The RSI indicator is attempting to move higher on the daily time frame, although it is still trading below neutral. MACD Indicator The MACD indicator on the daily time is attempting to move higher, although it remains technically bearish. Conclusion Komodo is vulnerable to more short-term losses while trading below the invalidated inverted head and shoulders pattern on the four-hour time frame. The KMD / USD pair still warrants close monitoring over the medium-term, due to the huge bullish pattern on the daily time frame remaining valid.   Check out Komodo in our coin guide.   Komodo ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=KMD&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24497 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24497 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24497 a.tabperiods.tabperiods_active, #ccpw-ticker-24497 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24497 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24497 .coin-container:after, .ccpw-container_four #ccpw-ticker-24497 .coin-container:after {border-color:#ccc !Important;}   The post Komodo Price Analysis KMD / USD: Insufficient Energy appeared first on Crypto Briefing.
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Coinbase Pro Announces Algorand Launch

Algorand will be the next asset to begin trading on Coinbase Pro, with deposits to be enabled starting on August 14. Once sufficient supply is achieved, Coinbase Pro will allow trading of the newly-introduced currency to commence. Algorand seeks to overcome a number of technical barriers faced by current blockchain technologies, particularly in the areas of decentralization, scalability, and security. Cryptographer Silvio Micali founded the permissionless, pure proof-of-stake protocol as a “foundation for existing businesses and new projects to operate globally in the emerging decentralized economy,” according to the Coinbase blog announcement. The technology will use atomic swaps for the exchange of digital assets. Like previous launches, ALGO trading on Coinbase Pro will be completed in four stages. After the depositing phase, customers will be able to make “post-only” limit orders without them being filled. Following this brief stage, limit orders will begin being filled for a period of at least ten minutes, after which full trading, including market orders, will commence. Algorand is a relative newcomer to the crypto markets, having recently completed a token sale that generated $60 million. Funds from the sale are set to go directly to the Algorand Foundation for research and development. Due to VC funding and recent token sale revenues, the company now has more than $126 million in working capital.  But the ALGO sale was unusual, in that it was one of the few token offerings to come with a return policy. Prior to the sale, the Algorand foundation promised a 90% refund to investors who returned their tokens after a one year lock-up, and the policy was later amended for earlier returns. It’s not clear if trading tokens would void the returns policy. But with ALGO tokens trading at one-third of their original price, it would take a very large “Coinbase bump” to make selling them more profitable than waiting for a refund.   source: coinmarketcap.com     The post Coinbase Pro Announces Algorand Launch appeared first on Crypto Briefing.
CryptoBriefing

The Decred DEX spec has landed - Fair, permissionless, and anti-rent-seeking.

It’s here! The Decred DEX spec has landed. Read the details on GitHub to learn exactly how it will enable a decentralized, inclusive and transparent future per Decred’s original vision. https://github.com/decred/dcrdex/ The Decred DEX will be fair. Orders will be pseudorandomly matched within epochs, negating the advantages of HFTs and front-running. The Decred DEX will be permissionless. It will be non-custodial, peer-to-peer using Atomic Swaps, which any compatible coin can implement at their own discretion with minimal dev cost. The Decred DEX will be anti-rent-seeking. It will have no trading fees, no intermediary coins or tokens. It will mean true disintermediation of the exchange process. One of the benefits of the DCR funding model is that we can build open source tech that eliminates middle men. The world is finally going to get a real DEX! "The project mission is to develop technology for the public benefit, with a primary focus on cryptocurrency technology." https://docs.decred.org/governance/decred-constitution/
/r/CryptoTechnology

Liquid Launches Support for Tether

The cryptocurrency industry’s predominant stablecoin, tether, now has a new home on Blockstream’s Liquid sidechain. As of today, July 29, 2019, the Bitcoin secondary network now supports USDT as one of its Liquid assets. These assets, the tokens that power the Liquid network, hold a one-to-one parity with on-chain assets like BTC. Liquid USDT will now join L-BTC as the second asset to be available on the network. Launched in 2018, Blockstream’s Liquid sidechain has been billed as a federated secondary network for quick and cheap high-value transfers of bitcoin, especially from exchange to exchange. To peg their on-chain BTC to L-BTC, users can facilitate a swap through one of the network’s Liquid members, who host the nodes that keep the network alive and mint new Liquid assets. 2019 has been a year of growth for Blockstream’s project. Back in May, it unveiled its Liquid Securities platform, which paved the way for launching security tokens on the network. Not too long after, the team integrated support for atomic swaps as well as the Lightning Network. Deposits and trading for Liquid USDT will be available on Bitfinex beginning today, and “a number of other Liquid members are working on enabling Liquid USDt, including BTSE, BTCTrader/BtcTurk, OKEx, OKCoin, RenrenBit, and Sideshift AI,” according to a press release. “The addition of Tether is a major milestone in increasing the utility of the Liquid Network,” said Samson Mow, CSO at Blockstream, per the release. “In combination with the latest developments in the Liquid ecosystem, traders can now achieve some really cool things, such as OTC atomic swaps, super-fast arbitrage between exchanges, and easy Tether custody with Blockstream Green.” The Liquid team anticipates that Lightning Network support for Liquid USDT isn’t too far off, something it believes will only improve low-latency liquidity for the community’s traders. Liquid USDT will also be available for self-custody in Blockstream’s multi-signature Green Wallet.
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Tether Launches on Blockstream’s Sidechain the Liquid Network

Coinspeaker Tether Launches on Blockstream’s Sidechain the Liquid NetworkBeing a pioneer of the first Bitcoin Liquid Network, Blockstream has gone further to list not just any stablecoin but an advanced version of the most widely used stablecoin – Tether. With this new inclusion into Blockstream’s ecosystem Bitcoin traders would gain access to neoteric features that were are not naturally made available on the Tether platform.Verifying what the Liquid Network Sidechain would provision, Blockstream’s CSO Samson Mow stated:“This will bolster the bitcoin ecosystem because you can trade more securely and rapidly.The addition of Tether is a major milestone in increasing the utility of the Liquid Network. In combination with the latest developments in the Liquid ecosystem, traders can now achieve some really cool things, such as OTC atomic swaps, super-fast arbitrage between exchanges, and easy Tether custody with Blockstream Green.”The integration of Tether onto the Blockstream’s Sidechain Network has attracted industry participants such as Tether’s affiliate exchange platform – Bitfinex, so as to aid manage and transact with the network using the Bitcoin-pegged Token “L-BTC”.The Blockstream Liquid Sidechain Conventionally Bitcoin runs on a reduced throughput as well as a very low transaction speed of about 4.6 transactions per second. Therefore the creation of a Bitcoin Sidechain Network also referred to as ‘Liquid Network’ was designed to bootstrap and catalyze the execution of large volumes of transactions at lightning speed, hence the nickname ‘Lightning Network’. In a statement released by the CTO of Bitfinex – Paolo Ardoino, he specifies the need for a Sidechain as asserting:“If there’s one thing our traders need, it’s speed. Liquid delivers that in spades. Liquid’s instant settlements will allow our traders to achieve faster bitcoin deposits and withdrawals, more efficient arbitrage, and even better pricing through tighter spreads.” Lightning on bitcoin on liquid (L-BTC). Bitcoin layers connecting and converging! (People may not know that Lightning can bridge multiple networks). https://t.co/E2Qm9oIuij— Adam Back (@adam3us) July 2, 2019A Tether-Based Bitcoin SidechainFrom a technical point of view the Sidechain works in semblance to a digital pseudo-scientific process, whereas an exchange converts it’s Bitcoin to Blockstream’s Liquid Bitcoin Token – “L-BTC”. The Liquid Bitcoin, originally pegged to the actual Bitcoin, can now accord the seamless transmutation of assets between Bitcoin and stablecoin much faster.Another notable advantage of adding Tether into the network is to ensure a reduced counter-party risk for investors involved in OTC (Over-The-Counter) trades by means of atomic swaps between Liquid BTC and Liquid Tether. Just as the Liquid network ships in with a faster block (hashing) time, it provisions traders with the resources to rapidly initiate the transference of fiat between multiple exchanges at lightning speed, thus bringing about an efficient arbitrage trading ecosystem.With this integration, the Liquid Network partner companies which include 23 Bitcoin companies (exchanges, brokers and other institutions) would help manage the sidechain, as well as use the Liquid USDT to make such transactions as deposits and withdrawals.Tether Launches on Blockstream’s Sidechain the Liquid Network
Coinspeaker

Orion Protocol and Wanchain partner for atomic swap technology

Orion Protocol and Wanchain partner for atomic swap technology » CryptoNinjas Orion Protocol, a liquidity aggregator connected to multiple exchanges, and Wanchain, an EVM-based cross-blockchain solution, have announced a new strategic partnership to use Wanchain’s public blockchain as an atomic swap solution, a process which is essential for Orion decentralized trading. Orion enables a universal trading gateway to all crypto markets built on decentralized technologies (atomic […] Orion Protocol and Wanchain partner for atomic swap technology » CryptoNinjas
CryptoNinjas

Recapping the First Three Years of MimbleWimble Development

It has been three years since the MimbleWimble concept was first introduced as a solution to scale Bitcoin. With the whitepaper now dating back three years, it is a good time to see how far the development of this project has come. There is still plenty of work to be done, although it seems things are heading in the right direction.  From Whitepaper to Beam On July 19 of 2016, a lot of people took notice of the MimbleWimble whitepaper. It offers a lot of potentially great concepts and ideas which would benefit the cryptocurrency industry as a whole. At that time, everyone knew it would not be easy to turn this paper into working technology. Three years later, there is now the Beam main net – released on January 3rd of 2019 – and several dozen releases through the project’s main repository.  Fixing issues is part of any code release, and the Beam team had to intervene multiple times. All of these issues were fixed pretty quickly and without causing any damage. It is good to see this project being so actively maintained, as many people still believe this technology will elevate cryptocurrencies to a whole new level in the years to come.  Mobile Wallets Take Center Stage As has become common in this industry, mobile wallets are a great way to bring new technology to the broader community. For the Beam team, the Android and iOS wallets were released in April of 2019, both of which have been well-received by the community. It is a convenient mobile solution without unnecessary and confusing bells and whistles, while still providing the core functionality to anyone and everyone.  Atomic Swaps Arrived in July To further decentralize the cryptocurrency ecosystem, a solution needs to be created to address centralized trading gateways. Many people expect atomic swaps to become more commonplace in this regard. Through Beam and the core MimbleWimble protocol, the option to perform atomic swaps between Bitcoin and Litecoin was unveiled in July of 2019. Although it is far from a finished product, the technology seems to work quite well. It is now a matter of creating a proper UI for this feature, as most people simply aren’t coders.  What is Coming Next? Plenty of things will be happening with Beam and MimbleWimble in the foreseeable future. First of all, there is the upcoming hard fork, which will go into effect in about a month from today. It is a crucial step toward further exploring this technology and making the cryptocurrency industry more versatile and accessible. It will not be an easy feat by any means, but with time and dedication, anything becomes possible.  Other future developments to look forward to are one-sided payments, payments through payment state channels, and Trezor hardware wallet integration. All of those future developments can play a crucial role in the development of Beam and MimbleWimble. It may also facilitate broader use of the Beam blockchain, as its current transaction throughput is far from the maximum level. As long as the community continues to grow, things are looking up for this team.  Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post Recapping the First Three Years of MimbleWimble Development appeared first on NullTX.
NullTX

Liquality: Atomic Swap protocol for trustless cross-chain exchange

Historically, the inability for individual blockchain networks to interoperate has forced users seeking to exchange assets across protocols to do so via centralized exchanges. This introduces counterparty risk, as well as exposing traders to potential censorship and service fees. Despite the recent proliferation of so-called ‘decentralized exchanges’ on Ethereum, none support native cross-chain swaps, limiting the products available to exchange to Ether and Ethereum-based assets.  Cross-chain atomic swaps present an exciting avenue for censorship resistant, non-custodial exchange between speculators with network incompatible assets, thereby opening up the exchange design space and eliminating coordination costs between willing counterparties.  Liquality Liquality is one of the first cross-chain atomic swap instantiations to reach production ready status. Join Genesis now and continue reading, Liquality: Atomic Swap protocol for trustless cross-chain exchange!
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Bitcoin, Bakkt and Ethereum Classic Headline Volatile Week for Crypto Industry

Coming off one of its worst declines since the 2019 bull market began, bitcoin appears to have found support above $10,000, a psychologically significant level that has […] The post Bitcoin, Bakkt and Ethereum Classic Headline Volatile Week for Crypto Industry appeared first on Hacked: Hacking Finance.
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Waves (WAVES) Decentralized Exchange Announces ERC-20 Support

Waves, a decentralized platform building operability for Web 3.0 protocols, has officially announced support for the ERC-20 token standard for projects launched on Ethereum. As per the press release, voting for the first listing occurred last year, and Bancor (BNT) won by a significant margin. As of August 22, 2019, BNT was trading on theRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Ex-Overstock CEO Byrne Talks Timing Of Resignation With Fox, 'Political Espionage'

Former Overstock.com Inc (NASDAQ: OSTK) CEO Patrick Byrne stepped down Thursday after two decades of running the company. His resignation is quite bizarre and includes references to the "deep state" and Clinton family. Hours after his resignation, the executive appeared on Fox Business' "Bulls & Bears" to discuss his decision.  The Timing Overstock held a party Tuesday to celebrate its 20th anniversary, and now is a "perfect time" to resign, as everything is in a "perfect place," Byrne told Fox Business. Most notably, the tZero blockchain business was just voted as a potential winner in the ...Full story available on Benzinga.com
Benzinga

One of the Top 100 Coins is Up 220% today. What’s the Deal with it?

A controversial cryptocurrency, RChain is currently showing massive growth in its trading volume. It is ranked 74th on Coinmarketcap with 220 percent growth in the past 24 hours. Zero Trading Volume on Some Exchanges According to the data provided by Coinmarketcap (CMC), RChain (RHOC) cryptocurrency is exhibiting the aforementioned price surge on August 23, 2019. RHOC is currently trading at $0.188 against the US Dollar and has a the market cap of $70,373,643. It is interesting to see that on August 22nd, this cryptocurrency was at $0.057 but it suddenly skyrocketed to over $0.188 on August 23rd. RChain Crypto | Coinmarketcap RChain runs on top of Ethereum platform and is available on 7 crypto exchanges in different trading pairs. Presently, RChain is actively trading on Bitinka, KuCoin, CHAOEX, BitMarket, Bilaxy, Hotbit and CoinPlace cryptocurrency exchanges with a very low 24-hour trading volume. A few exchanges are even showing zero trading volume of the coin. RChain Market | Coinmarketcap Although it is a top 100 coin today, such a sudden spike in the trading volume of a cryptocurrency is unusual it is bound to make the crypto community skeptical. This cryptocurrency was at $2.90 in January this year with the 30th rank on CoinMarketCap. Fishy Behaviour According to the earlier reports, RChain Cooperative claimed that the RChain organization was facing bankruptcy. In early 2019, it was asserted that RChain’s liabilities were exceeding its liquid assets, thereby making it “Functionally bankrupt”. As per another post in April 2019, RChain informed its community that the company suffered a scam. Accordingly, KuCoin exchange (which is one of the exchanges which listed RHOC token) blocked the crypto wallet address of the scammers. RHOC in its blog summarized the scam as follow; “The RHOC being held by the scammers will not be honored upon reaching Genesis”. Th reason behind the coin’s sudden growth is unclear, but it is to be noted that this behaviour is typical of coins that are involved in pump and dump schemes. So readers, what do you think about RHOC’s token spike? Let us know in the comment below Image Source – Chainrock medium blog The post One of the Top 100 Coins is Up 220% today. What’s the Deal with it? appeared first on Coingape.
CoinGape

15% Ethereum Classic Pump Stokes Giddy Altcoin Season Dream15% Ethereum Classic Pump Stokes Giddy Altcoin Season Dream

By CCN Markets: Ethereum Classic (ETC) is currently on a massive bull run this week, increasing its price by 30% in three days. The cryptocurrency continued its surge steadily today, skyrocketing its value by over 15% today. $ETC #EthereumClassic making a bit of a commotion. Is this finally the start of $altszn ? #crypto #bitcoinboom […] The post 15% Ethereum Classic Pump Stokes Giddy Altcoin Season Dream appeared first on CCN Markets Ethereum Classic (ETC) is currently on a massive bull run this week, increasing its price by 30% in three days and by over 15% today.
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