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Interview with David Gold of FIO Protocol

UX is one of the biggest barriers there is to wider cryptocurrency adoption. Cryptocurrencies are not necessarily user-friendly when it comes to making transactions. Dealing with long alpha-numeric addresses and checking that your funds are being transferred to the right address on the right blockchain can be challenging. Furthermore, once a transaction is made, you cannot take it back. The FIO protocol is tackling several of these issues, adding a layer that would make cryptocurrency use friendlier. We caught up with David Gold of the FIO protocol to understand how FIO would work and how it integrates with existing blockchain architecture. BitcoinChaser: How did the idea for the FIO Protocol come together? David Gold: The idea for the FIO Protocol came from the realization that while blockchain has huge disruptive potential, the technology from a usability standpoint ids actually quite horrible.  This is not terribly different from the Internet which was hard to use until HTTP created a usability protocol that enabled an explosion in Internet use as it created the World Wide Web.   There seemed to be a tremendous amount of work being done on the various blockchains and cryptocurrencies at the technical level, but little to make them more appealing (and easy to use) to the everyday, mainstream consumer. We’re fierce proponents of cryptocurrency adoption, and believe intuitive UI/UX is crucial to onboarding the masses into a new financial paradigm. BC: Who are the partners participating in the development of the FIO protocol? DG:At present, there are 21 FIO members, including industry heavyweights like Shapeshift, Mycelium, BRD, Coinomi, Trust Wallet and Edge, to name just a few. The movement is certainly gaining momentum, as we continue to welcome new members from across the globe. BC: Is FIO Protocol the missing piece that will finally bring those coveted cryptocurrency atomic swaps to fruition? DG: The FIO Protocol is not an atomic swap protocol… it is a usability protocol.  Projects like Cosmos and Polkadot are working to solve the atomic swap challenge.  But those projects won’t make it any easier to actually make blockchain transactions — FIO will.  FIO is a service layer to the entire blockchain ecosystem that provides a homogeneous layer of usable workflow to make it easy to make blockchain transactions.  No more need to even know what a public address is, the ability to request payments, a common transaction data layer — all completely blockchain agnostic. BC: How does FIO Protocol contribute to solve the issue of UX when it comes to using cryptocurrency? DG: FIO Protocol takes aim at a number of pain points inherent to interacting with blockchains. Chiefly, it serves as an cross-chain wrapper that abstracts away many of the cumbersome facets of the technology, such as long addresses and the fear of something going wrong. FIO aims to replicate the feature-rich experience as seen with the likes of Venmo, PayPal or other centralised payment processors, albeit in a decentralised industry standard protocol that leverages the full potential of cryptocurrencies – functionality like naming services, requesting payments, paying contacts and other components that will be integrated.  FIO is not a wallet — it is an industry standard protocol that wallets, exchanges and crypto payment processors integrate to enable enhanced usability between their disparate products. BC: Have you considered the possibility of eventually integrating other blockchain assets to your wallets, like perhaps land titles or even sovereign cryptocurrencies if the opportunity comes? DG: FIO is not a wallet… it is a protocol that wallets integrate.  This question would be appropriate for FIO Members but isn’t relevant to the FIO Protocol.   BC: Responsible use is a critical component of wallet security. Which critical changes in public risk awareness would the use of a FIO protocol-friendly wallet entail? DG: The push-based nature of Bitcoin and similar offerings means that, once funds are sent, they’re irretrievable – individuals can accidentally transfer funds to a wrong address, or be duped into doing so by malicious actors. The complexity of public addresses means that it often isn’t apparent if coins have been sent to the wrong place until it’s too late, requiring a great deal of vigilance on the user’s behalf. FIO Addresses eliminate the security and error risks associated with public addresses across every blockchain. BC: Would FIO work with hardware wallets?DG: Absolutely, KeepKey, ShapeShift’s hardware wallet is already a foundation member and other leading hardware wallets are expected to join soon. FIO plans to become the “standard” protocol interface for the industry to build on top of, making it easier for any app to send & receive crypto from exchanges, online wallets, hardware wallets and any other device where users would hold crypto. BC: Have you sought out to cooperate with hardware wallet manufacturers? If so, what has been their response so far? DG: Yes.  KeepKey is already a FIO Member and we are in discussions with others. BC: To a certain extent, FIO can be seen as a replacement for exchanges. How is your team tackling this aspect of the project? DG: It wouldn’t be accurate to say that FIO replaces exchanges. The FIO protocol merely extends functionality of wallets, whether these are owned by exchanges, businesses or individuals, seeking to boost their existing capabilities and contributing to the overall ease of use of cryptocurrency. To illustrate, whereas an individual may need to send funds to an exchange by querying them for a long string of letters and digits, with a FIO-compliant platform, they could simply send them to a name – e.g., user343:binance5, or something to that effect. BC: How does FIO compete with or complement initiatives like the Lightning Network? DG: FIO does not compete with the Lightning Network, but rather can be complementary.  Even in Lightning there is the need to provide the counterparty with a complex address.  Whereas layer 2 solutions focus on throughput, FIO is a higher level protocol layer that focuses on usability and user experience.   The post Interview with David Gold of FIO Protocol appeared first on BitcoinChaser.
Bitcoin Chaser

WhalesTrader: Crypto Trading Platform Offering Cutting Edge Tools To Eliminate Learning Time And Increase Profits

Trading has quite a bit of history, starting out with the tulip crisis up until the stock market crash in ‘33. It doesn’t stop here, however. With the advent of the 21st-century cryptocurrency trading has become increasingly more popular, especially so in more recent years. In spite of its increased popularity, much of the infrastructure and tools used by traders to achieve their purpose has mostly remained unchanged since even before cryptocurrencies existed. One of the main reasons for this is that especially large traders, or whales as they are called nowadays, have an inherent advantage due to the fact that they can manipulate the markets to match their own interests by using their increased buying power. What is WhalesTrader? A bit over a year ago, a group of international traders which grew tired of the constant market manipulation brought forth by whales, decided to get together and develop some tools that would level the playing field in favor of smaller traders and so WhalesTrader was born. Initially designed to be used as an internal tool, the incredible results that the system delivered consistently made us want to make it available towards a larger audience. WhalesTrader is, in essence, a collection of tools that effectively allow traders not only to know when a whale enters or exits a market but it also allows them to more efficiently go about their trading without losing insane amounts of time on trivial tasks. Featuring tools such as the OrderFlow, EscapeWhale and BlackWhale Indicators, the WhalesTrader platform is perhaps the most comprehensive collection of tools for traders to ever hit the markets since the appearance of cryptocurrencies. In addition to all of this, the team behind the platform is constantly rolling out new features to ensure that it will maintain its position as an industry leader. How do I get started? Since we understand better than most how daunting it can be to try and learn about trading, we have actually created an entire section dedicated to teaching people how to trade and use WhalesTrader effectively, with videos and articles explaining everything from A to Z. Once you get the hang of it, the whole procedure becomes extremely easy. As for advanced traders, WhalesTrader is like changing from manual gear to an automatic one. You just get into the car and all of a sudden you realize driving has become easier than you ever thought it could be. How do I know it works? To date, we have consistently delivered 94.65% accuracy on predictions made with the use of our platform. After using the platform ourselves, in less than 6 months we opened an investment fund because our initial investment of 790.000$ grew to over $7M. Besides having predicted Bitcoin’s most recent bull run 1 month before it started, we even share the results of our own fund on ICONOMI so everyone can see how serious we are about this. As a final note, our CEO, Gray Spark, will be holding an online seminar to answer all the questions about WhalesTrader, be sure to not miss out on this. Links Website: http://whalestrader.com Academy: https://whalestrader.com/academy/ Telegram: https://t.me/WhalesTraderArenaGlobal The post WhalesTrader: Crypto Trading Platform Offering Cutting Edge Tools To Eliminate Learning Time And Increase Profits appeared first on ZyCrypto.
ZyCrypto

The Power of IoT and Big Data

Photo by Franki Chamaki on UnsplashIoT and Big Data analytics are everywhere, but what’s behind their rapid growth? Let’s consider some aspects of IoT Big Data to find out more about its power.What Is IoT?The Internet of Things, or IoT, basically means integrating the Internet into anything beyond technology and devices to make them smarter. Putting it differently, IoT makes everything in the world function through the Internet, such as through information processing or data management.The Importance of IoTYou may wonder why make things even more complicated with IoT and Big Data analytics? They don’t actually get more difficult to use; instead, they become smarter. And when things become smarter, they can perform the tasks they’re supposed without any human interaction.That’s how our lives become more convenient. Since IoT and Big Data projects are used in farming, lighting, and numerous other industries, you may not even know that IoT has been used to simplify a process. Still, IoT plays a vital role in the fast and effective performance of various systems.And that’s why IoT matters.IoT and Big Data TrendsIoT keeps advancing, and new approaches to using it have been occurring. Among such, there are several most popular IoT Big Data trends.Edge ComputingConnecting data to powerful devices, as opposed to clouds, helps speed the processing. That’s what edge computing does because of being powered by IoT and Big Data analytics. Instead of storing raw data, which is what cloud technology aims to do, edge computing now allows gathering and filtering information fast and leave you with the most meaningful parts of it to store. Less space, more value — these are what IoT Big Data offers with edge computing.A New Level of Retail BusinessConsumer behavior is becoming much easier and more oriented on details. With access to diverse data channels, Big Data helps in predictive analytics a lot. Retailers can now collect information on customers’ previous purchases online, through apps, or even in kiosks and create an in-depth portfolio of the target audience. Can you imagine visiting a store, both online and on-premises, and seeing everything you’ve been planning to buy over the previous year? Well, it’s exactly what’s coming with IoT Big Data.Quantum ComputingIoT and Big Data analytics help process data at the most rapid pace than ever before. Quantum computing handles theoretical and complex calculations in physics believed to be impossible. In fact, processing loads of information that are these huge doesn’t take forever since it’s a completely new way of dealing with this kind of data. Although it’s still not fully developed, the area has already gained much interest and become one of the IoT Big Data trends.CybersecurityUsing the perks of IoT and Big Data projects to enhance cybersecurity is one of the trends as well. Integrating Machine Learning and Artificial Intelligence into the breach and threat analysis allows generating and spreading response faster than a human would react. In addition, storing information on previous incidents with IoT Big Data technology simplifies predicting the potential ones to develop strong and secure protection against them in the future.What’s Next?Since IoT Big Data is a relatively new area, it has a lot to face ahead. The predictions on what to expect in IoT and Big Data analytics imply an increase in devices, data, and investments in the field, along with their growing role in various industries.At the same time, the skill shortage is a significant challenge to overcome in IoT and Big Data, which is predicted to continue. Another challenge that the area has been facing is the lack of governmental regulations to guide the integration into industries. Lastly, updating IoT hardware can be difficult and lead to delays in making things smart.The rise of interest to IoT started a series of events devoted to the future applications of the technologies available and seeking solutions to the issues in the industry. Among such, AI & Big Data Expo Europe 2019 gathers leaders in the tech industry to discuss tech-savvy solutions and the future of IoT Big Data. The conference will take place in Amsterdam on 19–20 June.The Power of IoT and Big Data was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Bitcoin: After Failing to Break Above $8k, Analysts Believe BTC’s Price May Stagnate

Bitcoin has once again failed to break back into the $8,000 region, signaling that this price level will remain a level of resistance for the foreseeable future. Importantly, BTC has still been able to hold above $7,600, which appears to have become a strong level of support for the cryptocurrency. Related Reading: Analysts are Still on Edge About Potential Bitcoin Collapse Despite Momentum Now, analysts believe that Bitcoin may be finding itself in a relatively tight trading range that may continue to persist for the time being, which may signal that the volatility that the markets have been experiencing as of late is coming to an end for the time being. Bitcoin Continues Finding Support Around $7,600 Despite Increasing Selling Pressure At the time of writing, Bitcoin is trading down nearly 2% at its current price of $7,800, down slightly from 24-hour highs of just over $8,000. While looking at BTC’s price action over the past week, it is clear that the cryptocurrency is currently in between two firmly established levels of support and resistance, as it has been oscillating between $7,600 and $8,000, which may turn into a long-term trading range that persists for the near future. The Wolf of All Streets, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes Bitcoin may find itself caught between the aforementioned trading range for the foreseeable future as it enters “full sideways mode.” “$BTC Go outside, enjoy your day. Set alarms for the top and bottom of this range. We are in full sideways mode, as price just bounced right off of the EQ of this range,” he explained. $BTC Go outside, enjoy your day. Set alarms for the top and bottom of this range. We are in full sideways mode, as price just bounced right off of the EQ of this range. pic.twitter.com/nuYS5zVFrD — The Wolf Of All Streets (@scottmelker) June 11, 2019 Analyst: BTC Faces Multiple Levels of Strong Resistance Above $8,000 Although $8,000 is the key resistance level that analysts are closely watching for the time being, there are multiple other levels of resistance that exist just above this price that may require a significant influx of buying pressure to be broken above. Josh Rager, another popular crypto analyst on Twitter, discussed these resistance levels in a recent tweet, explaining that the bullishness of a move above $8,000 may be tempered by resistance around $8,200. “$BTC Update: The new resistance to look at is $8017 for Bitcoin. With a close above here, it has a chance to then push and close above $8200 which would be bullish to move to $8550’s. Mid-channel is currently holding as support. Close below $7600 is bearish (4 hr chart),” Rager explained. $BTC Update The new resistance to look at is $8017 for Bitcoin With a close above here, it has a chance to then push and close above $8200 which would be bullish to move to $8550's Mid-channel is currently holding as support Close below $7600 is bearish (4 hr chart) pic.twitter.com/nemH37Wy4K — Josh Rager (@Josh_Rager) June 11, 2019 As the week drags on and Bitcoin continues to bounce between the aforementioned levels of support and resistance, it is likely that traders will begin gaining better insight into whether or not the markets will be able to further extend their upwards momentum throughout the Summer months. Featured image from Shutterstock. Bitcoin: After Failing to Break Above $8k, Analysts Believe BTC’s Price May Stagnate was last modified: June 11th, 2019 by Cole PetersenThe post Bitcoin: After Failing to Break Above $8k, Analysts Believe BTC’s Price May Stagnate appeared first on NewsBTC.
NewsBTC

Analysts are Still on Edge About Potential Bitcoin Collapse Despite Momentum

Save for news that Bitcoin (BTC) news publication CCN is shutting its doors, Monday was quiet for the crypto industry. But, BTC rallied anyway, quickly rushing past $7,800 and $8,000 in rapid succession during the wee hours of Monday morning. Related Reading: Bitcoin Becomes “Money,” One Satoshi Now More Valuable Than Some National Currencies Due to the strength of this sudden move, which came after days of relative weakness and non-action, optimists believe that BTC is ready to hit play, resuming its previous uptrend. There is a multitude of analysts, however, that are still on edge, waiting patiently for a pullback to even lower levels than $7,500. Despite $8k Pop, Bitcoin Exudes Weakness Since hitting $9,100, Bitcoin hasn’t been its bullish self. As analyst Bagsy aptly put it in a recent tweet, “the trend is bearish”. He notes that when Bitcoin tried to rally past $8,000 on Monday, it got rejected by the 21 half-day (12-hour) moving average — a key short-term technical level — and the Point of the Control (which acts as resistance) on BTC’s volume profile. In fact, BTC wicked to that level, and then quickly collapsed lower, almost as if the move higher didn’t happen. This doesn’t mean that BTC will spike lower from here, but it does accentuate the bears are still in control, even after Monday’s pop higher. $BTC The trend is bearish; getting rejected by the 21MA and the POC of the VPVR (highest volume node). If we can start closing above these areas again on higher TF's I'll change my bias, until then I'm bearish. pic.twitter.com/b9DSQ5VOok — Bagsy (@imBagsy) June 10, 2019 This isn’t the only harrowing sign. Analyst RJ Killmex explained earlier this week that Bitcoin’s three-day chart is currently experiencing a bearish divergence on its Relative Strength Index (RSI), marked by higher prices and a downtrend in the trend indicator. What’s more, the Moving Average Convergence Divergence (MACD) is about to flip red and cross below equilibrium. As to where Bitcoin could land — if it falls that is — many are eying the low-$6,000s or even high-$5,000s. Teddy, a known trader, explains that Bitcoin’s weekly chart is currently waiting with bated breath for a drawdown. He ventures that “any trend, regardless of the bias, has to retrace and confirm the direction” by touching a key moving average. In this case, he believes it is the 21-week exponential moving average, which BTC tapped four times in 2017’s rally. With there being 70 days since Bitcoin last touched this key level, which is visited around every three months, Teddy suggested that a retrace to $6,000 or so is entirely possible. #bitcoin – $BTC Weekly chart Any trend regardless of the bias has to retrace and confirm the direction by bouncing off a key moving average ( 21ema here) – very healthy for the trend. It has been 70days since the last contact – historically it ranges between 70 and 90 pic.twitter.com/A2pmqoPJ98 — TEDDY (@teddycleps) June 10, 2019 Twitter commentator TraderX0 has echoed this analysis but used a different moving average to make a similar point. He noted that during Bitcoin’s last long-term uptrend, BTC touched its 100-day EMA seven times. This continual support along a single technical trend is what defined 2017’s trend. The thing is, this time around, Bitcoin has yet to even flirt with the 100-day exponential moving average. And just as the 21-week EMA sits around $6,000, so too does the 100-day, corroborating the necessity for a return to that level. This move isn’t only likely, but purportedly would be healthy for Bitcoin’s long-term trends. Parabolic and logarithmic curve expert Dave The Wave recently pointed out that if his parabolic models hold up, BTC will gracefully descend to the $5,000s to $6,000s in the coming months, thus fulfilling the asset’s ten-year logarithmic growth curve. Chart Courtesy of Dave The Wave on Twitter   Waiting on the Sidelines While there are more short to medium-term bears than bulls, many analysts are seemingly telling their followers to wait on the sidelines due to the lack of conclusive trendsetting. Prominent analyst Josh Rager explains that Bitcoin is currently trapped between $7,900 and $8,200, adding that $7,900 to $8,000 is the “most accumulated range since May 13th.” This could mean that barring there’s a breakout in either direction, BTC may be settling down for some consolidation, making it foolish to make trades. Commentator CL explains that there are a number of reasons why Bitcoin is poised to range for a while, and may not see any drastic price action: BTC is above its 50-week moving average, the asset often consolidates after a parabolic trend, and volumes remain strong. [✓] Above weekly 50? [✓] Immediately followed by parabola?[✓] Strong Volume? This is the last consolidation before we We have dozens of institutions exchanges opening soon, and all the infrastructure we need for the next mega bull run. pic.twitter.com/EF6C97U4nL — CL (@CL207) June 10, 2019 Featured Image from Shutterstock Analysts are Still on Edge About Potential Bitcoin Collapse Despite Momentum was last modified: June 11th, 2019 by Nick ChongThe post Analysts are Still on Edge About Potential Bitcoin Collapse Despite Momentum appeared first on NewsBTC.
NewsBTC

Bitcoin Price Loses Bullish Edge as FOMO Rally Runs Outta Steam

By CCN: The Fear of Missing Out (FOMO) that recently drove bitcoin’s price above $9,000 has run out of gas, according to a new report published by crypto analytics firm SFOX. While the BTC price was on a steady incline since the beginning of April when bitcoin traded for $4,100, the coin has hit a ‘tipping point’ in overall sentiment. Bitcoin Rally Driven by FOMO SFOX relies upon price momentum, market sentiment, and industry advancement for its price outlook. In May, BTC registered a ‘mildly bullish’ rating but has since been downgraded to ‘uncertain.’ FOMO has clouded overall crypto sentiment and The post Bitcoin Price Loses Bullish Edge as FOMO Rally Runs Outta Steam appeared first on CCN
CCN

Merger trend continues with Cisco and Elastic making moves

The surge of mergers continues with Cisco revealing plans to acquire the French firm Sentryo on June 6 and Elastic reporting on June 5 it has entered into an agreement to buy Endgame. Cisco’s interest in Sentryo centers on its technology that provides device visibility and security solutions for industrial control system (ICS) networks, which Cisco intends to combine with its intent-based network architecture. The two firms have previously worked together with Cisco having incorporated Sentryo’s Edge Sensor with Cisco’s industrial networking hardware with Cisco’s IOx application framework. Financial details were not released, but the deal is expected to close before the end of Cisco’s first quarter fiscal year 2020 ending October 26, 2019. Also required are the customary closing conditions and regulatory approvals, including in France. Elastic’s deal, which has gained approval from both company boards, has that company paying $234 million in Elastic stock to acquire endpoint protection firm Endgame. “The proposed acquisition will further advance Elastic’s ability to offer a comprehensive security solution focused on endpoint security and integrated with Elastic’s existing SIEM efforts,” Elastic stated. The merger is expected to close during Elastic’s fiscal third quarter pursuant to meeting legal considerations which include it being agreed to by Elastic’s shareholders. Elastic is the firm behind Elasticsearch and Elastic Stack. These two deals join Imperva acquiring Distil Networks, Insight Partners acquiring Recorded Future, Palo Alto buying Twistlock and PureSec, Sophos taking over Rook Security and FireEye snapping up Verodin. The post Merger trend continues with Cisco and Elastic making moves appeared first on SC Media.
SC Media

Monero’s Riccardo Spagni: Bitcoin Network’s Longevity Gives it The Edge Over Other Crypto Assets

This January, Bitcoin marked a decade since its inception. The first block of the world’s biggest cryptocurrency was mined in January 2009. Over the years, Bitcoin has captured the attention of many, including individual traders, institutional investors, regulatory agencies and notable government institutions all over the world. Riccardo Spagni, a famous Monero developer, recently told […]
Bitcoin Exchange Guide

Dow Teeters on Knife’s Edge as Trump’s Trade Crusade Hits Japan

By CCN: President Donald Trump flew to Tokyo today for high-stakes trade talks with Japan as stock market sentiment teeters on the brink of collapse. The maverick president’s erratic approach to international trade has taken a significant bite out of the Dow Jones (DJIA) over the last few weeks. Bulls will be desperate to see Trump’s bromance with Japanese PM Shinzo Abe survive the weekend, lest the US find itself plunged into another brutal trade conflict. Dow Risks Severe Backlash if US-Japan Trade Talks Sour After arriving in Tokyo, President @realDonaldTrump spoke with Japanese business leaders at the U. S. The post Dow Teeters on Knife’s Edge as Trump’s Trade Crusade Hits Japan appeared first on CCN
CCN

ChangeNOW Crypto Swap Service:  Review & Guide

featured – The cryptocurrency market is gaining steam once again in 2019, and there’s no doubt about it. Bitcoin, as well as the majority of major altcoins have surged in value, attracting once again more interest in the field. It is exactly in times like this that the ability to exchange between different cryptocurrency proves its importance. That’s where ChangeNOW steps into the picture. ChangeNOW is a non-custodial service which is specifically created for quick and seamless cryptocurrency exchanges. It has over 170 coins available for exchange, and it doesn’t impose any limitations, meaning that users can swap as much as they want. Let’s dive deeper and look at all the essential features of this service. ChangeNOW: Registration Free Cryptocurrency Swaps As mentioned above, ChangeNOW is a non-custodial service which enables its users to swap different cryptocurrencies quickly. The platform doesn’t store the funds of its users and doesn’t require them to create an account. It supports over 170 cryptocurrencies, and it doesn’t impose any limitations. This means that users can swap as much as they want, without having to worry that a third party is storing their crypto. Moreover, it also allows users to buy cryptocurrency using Visa, Mastercard, or certain third-party partners. ChangeNOW has also partnered up with some prominent cryptocurrency proponents such as Binance, Exodus, Ledger, ClassicEtherWallet, Trezor, Edge, Atomic, Guarda, and so forth. How Does it Work? In all fairness, the process is rather user-friendly and simplified. It takes exactly five steps for the user to exchange between different cryptocurrencies. Step #1 Select The Currency The first thing that you’ll have to do is to select the cryptocurrencies that you want to swap. This is how the interface looks like: Let’s say you want to swap Bitcoin for Ethereum. All you have to do is type in the amount of BTC that you want to swap for ETH in the “You Send” section and choose BTC from the drop-down menu. Then, you’d have to select ETH from the drop-down menu on the “You Get” field and the service will calculate the exact amount of Ethereum you will receive. If you find everything agreeable, you should click on the Exchange button. Step #2 Enter Your Wallet Next, you will have to enter your wallet address. This is the destination address. In the above example, you’d have to enter an ETH address. If you don’t have a wallet, you can go to the “Don’t have a wallet yet?” section and create a wallet with one of ChangeNOW’s partner services. This is how it all looks like: Step #3 Confirm The next step is to confirm. Make sure to check all the information very carefully and click on the “Confirm” button. Step #4 Deposit Now, you will have to deposit BTC to a Bitcoin deposit address generated for you by ChangeNOW. You can send your BTC to that address. It looks like this: Once you get this done, you’re ready for the final step. Step #5 Receive Your Coins All that you have to do now is wait for a bit. ChangeNOW will find the best rate on one of the integrated exchanges, process the transaction, and have your ETH sent to you in a few minutes. And it all happens just like that – without emails or passwords. There is no lengthy sign-up process, no limits, and no need for account creation. Key Features of ChangeNOW The platform is touted as user-friendly and seamless to use and, as you can see from the process explained above, it lives up to these claims. One of the main benefits of the service is that it requires no registration. Perhaps it’s here where we need to discuss one of the main pressure point for most of the crypto community – Know Your Customer (KYC) procedures. ChangeNOW has no mandatory KYC process, unlike some of its main competitors. However, some cryptocurrency swaps can be marked suspicious by the platform’s Risk Management System. If this is the case, ChangeNOW will ask the user to pass a KYC procedure. Another thing to consider is that 99% of the swaps on the platform are successful. The remaining 1% is timely handled 24/7 by the platform’s support team. Moreover, the rates on ChangeNOW are final. In other words – what you see is exactly what you will get. There are no extra or hidden fees, and everything is designed to be as transparent as possible. Conclusion ChangeNOW does seem to be providing a much-needed cryptocurrency swap service which is easy to use and comparatively quick. The fact that it doesn’t impose a mandatory registration is also particularly convenient as it saves a lot of time for the user. The service has also been listed on Binance DEX, which is another positive sign and a further testimony for its credibility. Pros Easy to use Quick transactions and numerous available cryptocurrencies Reliable and well-established partnership network Cons: Swapping speed depends on the blockchain time Card payments are not available yet The post ChangeNOW Crypto Swap Service:  Review & Guide appeared first on CryptoPotato.
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XRP Spikes 10% on Ripple MoneyGram Partnership News

Big partnership announcements have been thin on the ground for many of the major crypto companies recently. That changed for Ripple a few hours ago when the firm announced a strategic partnership with one of the world’s largest money transfer companies, MoneyGram. XRP Climbs 15% in a Week Compared to bitcoin and litecoin, XRP has been asleep for the past two months. Even Ethereum has outperformed it in terms of percentage gains. That all changed a few hours ago when XRP awoke from its range bound channel at $0.42 and surged almost 10% to hit an intraday high just over $0.46. A minor pullback followed in the hours after the announcement but XRP is still one of the day’s top performers. XRP price 1 hour candles – Tradingview.com XRP 00 has climbed almost 15% over the past week as it was trading just under $0.40 this time last Tuesday. Daily volume has just topped $2 billion as XRP market capitalization approaches $20 billion. The gap to ETH in second place is still $10 billion in terms of market cap, however. It has been one of the best weeks for XRP in terms of gains as the Ripple token has only made 27% since the beginning of the year. Big Partnership Driving FOMO The San Francisco based firm announced the partnership on its company blog late last night. It stated that the initial partnership will last two years during which Ripple will become the key partner for MoneyGram’s cross border payments and foreign exchange settlements. A substantial capital commitment of $50 million has also been pledged by the blockchain company enabling MoneyGram to draw it over a two year period in exchange for equity. Ripple’s xRapid system will be deployed for the partnership. It facilitates on-demand liquidity enabling instant transactions by reducing reliance on pre-funding. The XRP token will be used as the ‘real-time bridge’ between different currencies. Ripple CEO, Brad Garlinghouse, stated; This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies. MoneyGram has a $600 billion global remittance market supporting multiple currencies in more than 200 countries. Traditional forex markets requiring advance purchases are currently used for international transfers. The partnership and leverage of Ripple’s native token are expected to reduce costs and increase transfer speeds for the firm. Alex Holmes, MoneyGram Chairman and CEO, added; Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management. Will XRP hit $0.50 this week? Add your comments below. Images via Shutterstock, Tradingview.com The post XRP Spikes 10% on Ripple MoneyGram Partnership News appeared first on Bitcoinist.com.
Bitcoinist

XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms?

Ripple bought a share issue from MoneyGram worth $30 million at $4.10 per share to acquire 8-10% of the company. MoneyGram would also have an option of infusing another $20 million over the next two years. A strategic partnership will now ensue where Ripple will become the critical service provider for cross-border payment and foreign exchange settlement using digital assets. The digital asset they will be leveraging is Ripple, using Ripple’s xRapid Product. This partnership is a massive step towards the vision with which Ripple began, and investors put money is XRP. Also Read: Ripple Fathers’ Day Gift Propels It Past $0.4400 as Bulls Return Until now, MoneyGram has had to use banking services to provide settlements for payments they initiate. Due to the difference in time of settling payments, MoneyGram has to take loans to increase the required liquidity. However, by deploying xRapid, they will now be able to leverage XRP’s liquidity to provide cheaper and faster settlements. MoneyGram Chairman and CEO, Alex Holmes noted, “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.” MoneyGram reported a net loss of $24 million in 2018 compared to a net loss of $29.8 million for the fourth quarter of 2017. The money transmitting service provider has been working towards developing, and 2019 will be part of the roadmap. Hence, the success of this strategic partnership is crucial for MoneyGram. Also Read: Bitcoin Vs Facebook Coin: Should Bitcoin Hodlers Care About Facebook Coin? Currently, MoneyGram works independently by leveraging money from banks. Ripple CEO Brad Garlinghouse told the media,  “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations,” XRP/USD 4-Hour Chart on Bitstamp (TradingView) Moreover, while XRP recorded gains around 5%, it rose from $0.43 to a reach high at $0.46. Notably, a partnership like this back in 2016 or 2017 would have likely propelled the price by 30%. This can be attributed to an apparent decrease in the use case for MoneyGram itself. Digital payment is quickly becoming more accessible than ever with major firms working on implementing or integrating digital currencies on their respective platforms. Facebook is the most prominent example of it. Do you think MoneyGram and Ripple will be able to increase their volume and user base in the current environment? Please share your views with us.  The post XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms? appeared first on Coingape.
CoinGape

Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP

Ripple has secured another major partnership with international money transfer company MoneyGram. This will allow the company to use Ripple’s native token XRP to provide liquidity for international payments to MoneyGram customers. This is in a bid to enhance the speed and efficiency of the payment system that MoneyGram operates. In an interview with Fortune on the partnership, Ripple CEO Brad Garlinghouse said: “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations.” The partnership also gives Ripple an 8% to 10% stake in MoneyGram by paying $4.10 per share. This, however, does not give Ripple a voice in the dealings of MoneyGram for now as part of the agreement. MoneyGram, on the other hand, will have the opportunity of reviving its financial standing from Ripple’s investment which it direly needs after its share price crashed significantly.  It will also increase the efficiency of the payment platform, the management said. “We are very pleased with the terms of the Ripple investment which supports the Company with permanent capital and additional liquidity,” Larry Angelilli, chief financial officer of MoneyGram, said in a statement. “This partnership also provides MoneyGram with the opportunity to improve operating efficiencies and increase earnings and free cash flow,” Larry Angelilli, the chief financial officer of MoneyGram said. Ripple is the leader in remittance services as far as the blockchain industry is concerned. Its xRapid is second to none in terms of transaction efficiency and speed. With the new partnership, XRP which will be used for liquidity will be exposed to MoneyGram’s customers in over 200 countries globally. MoneyGram is the second largest provider of money transfer services in the world and while partnering with Ripple will ensure better service delivery to its customers, it is also a huge breakthrough for Ripple which has been looking to expand its reach further into the world. With hundreds of clients using Ripple’s payment platform, the company has grown significantly thus improving the international remittance settlement market by improving customer experience in conventional financial institutions. The post Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP appeared first on ZyCrypto.
ZyCrypto

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas MoneyGram, a global money transfer company, announced today it has entered into a strategic agreement with Ripple (XRP), the provider of enterprise blockchain solutions for cross-border payments. The deal will enable MoneyGram to utilize Ripple’s xRapid product, leveraging ripples (XRP) in foreign exchange settlement as part of MoneyGram’s global payment process With an initial term […] Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas
CryptoNinjas

Ripple Announces Game-Changing Partnership With MoneyGram

By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the case, the partnership doesn’t, for example, mean that you’ll be able to buy and sell XRP at any MoneyGram location. Something along those lines would The post Ripple Announces Game-Changing Partnership With MoneyGram appeared first on CCN Markets
CCN
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