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Changelly’s Interview with Kosala Hemachandra: From the MEW V5 Launch to the Future of Blockchain

In the middle of February Changelly announced its partnership with the pioneer among Ethereum-based crypto wallets — MyEtherWallet. Moreover, this collaboration matched with the launch of a new wallet version called MEW V5. We’ve already written a tutorial on how to swap tokens inside the new MEW.So, now it’s time to talk to the one who’s at the helm of MyEtherWallet. Please welcome Kosala Hemachandra, the MEW wallet founder and ideologist of the “no hardware” hardware wallet concept. We asked Kosala about his brainchild, the principles of a successful and reliable crypto wallet and his views on the future of blockchain as a whole. Have a nice read!Hello Kosala, nice to have you at ‘Crypto Talks’ on Changelly and thanks a lot for the interview! For those who haven’t installed MEW V5 yet, can you describe the main updates of the new wallet version in simple terms?We recently launched a complete redesign of MEW’s interface (MEW V5) to bring a more universally intuitive way of interacting with blockchains to users everywhere. The most noticeable change is that MEW V5 is far more friendly in its layout, design, and visuals.We’ve also simplified the layout so a new user, for instance, can easily access customer support and find education resources, while someone who is more familiar with our older interface (Vintage MEW) can still find their way around. You can find out more details on MEW V5 from our official blog.Could you please explain what the term ‘no hardware’ hardware wallet means?We launched MEW Connect last year to bring the security benefits of a hardware wallet to smartphones everywhere. ‘No hardware’, beyond a smartphone, is needed with our official and free companion app and users can simply sign into their wallet, with their private keys stored safely inside the deviceIt’s additionally secured by the fact it’s separate from your computer, where you carry out transactions. You’ll need to interact with the website as well as the app to undertake certain tasks, which ensures only you are able to access these features.What are the top 3 key factors of a modern and reliable crypto wallet?The first is security. As cryptocurrency adoption grows, so does the sophistication of the scams and phishing attacks. Crypto wallets need to provide users the tools to keep themselves safe and their crypto secure; whether it’s stored on a mobile wallet or elsewhere.The next would be usability. The only way we are going to continue to drive adoption will be with usable experiences that don’t overwhelm newbies. Educational resources and intuitive user interfaces both play a role here.The third would be transparency. After all, the point of cryptocurrencies are to be decentralized and immutable. As we’ve recently seen with QuadrigaCX, that isn’t entirely the case in the crypto space.Since the launch, what have been the first impressions users have had to MEW V5?It’s been incredibly exciting to see the user response to MEW V5. We have put a lot of work into this update, and we are very happy to see that people are enjoying the new streamlined interface! Of course, some users adapted to the new flow immediately, while others have commented on features that they miss from the old interface.Our goal is to make the crypto experience simpler for beginners, but also to give expert users convenient access to all the functionality they have become accustomed to. This is a tricky balance to maintain, but we are getting a lot of useful feedback from our community, which inspires us to continue improving MEW V5.What about the future of blockchain? What do you think the crypto wallets will look like, let’s say, in a few (2–5) years?Honestly — we don’t believe there will be that huge a change in how crypto wallets operate in the next couple of years. There will likely be more secure elements added, to increase the security of the wallets, but the way they operate and function should stay the same.But if you look a bit further ahead, in the next 5–10 years, we believe adoption will ramp up. Wallet functions will have to evolve to support increasing demand. This might mean better hardware wallets, which are more secure and easier to onboard, or a transition to all smartphones being built with a hardware wallet inside, to support and facilitate the daily experience of a user.We also anticipate an increase in vendors accepting crypto — especially as Starbucks has just thrown their hat in the ring — so wallets will develop the functionality to support mobile payments.That’s it for today. Email us at marketing@changelly.com to become a hero of the day at Crypto Talks or to share your perspective on blockchain development. And don’t forget to follow Changelly on social media:Twitter Facebook Telegram RedditYoutubeNice swaps, #Changellions!Changelly’s Interview with Kosala Hemachandra: From the MEW V5 Launch to the Future of Blockchain was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Ravencoin Price Analysis RVN / USD: Recharging

Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame The four-hour time frame shows that a complex inverted head and shoulders pattern is building The daily time frame continues to show the presence of a huge bullish pattern Ravencoin / USD Short-term price analysis Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows that a valid inverted head and shoulders pattern has formed, with the RVN / USD pair now dangerously close to invalidating the bullish pattern. Technical indicators on the four-hour are bullish and continue to issue a buy signal.   RVN / USD H4 Chart by TradingView                                                                                  Pattern Watch Traders should note that the RVN / USD pair may be carving out a right-hand shoulder to complete the bullish pattern on the four-hour time frame.                                                                                          Relative Strength Index The RSI indicator is also bullish on the four-hour time frame and shows scope for further upside. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a buy signal. Ravencoin / USD Medium-term price analysis Ravencoin has a bullish medium-term outlook, with the RVN / USD pair still holding above its trend defining 200-day moving average. The daily time frame continues to show multiple inverted head and shoulders patterns, with the larger pattern holding a huge upside projection. Technical indicators on the daily time frame are mixed and currently failing to generate a clear trading signal.   RVN / USD Daily Chart by TradingView   Pattern Watch Traders continue to monitor the neckline of the larger inverted head and shoulders pattern for a major medium-term technical breakout. Relative Strength Index The RSI indicator is trading below neutral and remains technically bearish on the daily time frame. MACD Indicator The MACD indicator is bearish on the daily time frame and continues to issue a sell signal. Conclusion Ravencoin is still under pressure in the short-term, with bulls needing to stabilize the cryptocurrency above its 200-period moving average on the four-hour time frame. The daily time frame continues to highlight the presence of multiple bullish patterns, with the RVN / USD pair showing great medium-term upside potential.   Check out our RavenCoin guide for insights. Ravencoin 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=RVN&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24320 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24320 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24320 a.tabperiods.tabperiods_active, #ccpw-ticker-24320 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24320 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24320 .coin-container:after, .ccpw-container_four #ccpw-ticker-24320 .coin-container:after {border-color:#ccc !Important;}   The post Ravencoin Price Analysis RVN / USD: Recharging appeared first on Crypto Briefing.

Equifax agrees to pay up to $700 million to settle a probe into its massive data breach (EFX)

Equifax, one of the three largest credit reporting agencies, will pay as much as $700 million in fines over its 2017 data breach that revealed personal information on about 147 million people.  The Federal Trade Commission announced the settlement in a statement on its website on Monday morning, nearly two years after the hack occurred.  The proposed settlement would also require Equifax to provide free credit reports to all US customers. Watch Equifax trade live. Nearly two years after the names, social security numbers, and physical addresses of almost 150 million Americans were leaked in a masive Equifax data breach, the company has agreed to pay a settlement totaling up to $700 million.  The US Federal Trade Commission published a statement on Monday morning outlining the settlement with the credit reporting agency. Equifax will pay $175 million to 48 states, and another $100 million to the Consumer Financial Protection Bureau.  The remaining $300 million will be set aside in a fund to help consumers with credit monitoring services, and to compensate people purchased credit of identity monitoring services from Equifax. The company has also agreed to add an additional $125 million to the fund if the initial amount isn't enough, which would bring its total payout to $700 million. For comparison, Equifax reported a total of $3.4 billion in revenue in 2018, with around $300 million in profit.  Equifax's stock climbed more than 2% in early trading. Markets Insider is looking for a panel of millennial investors. If you're active in the markets, CLICK HERE to sign up. The settlement alleged that Equifax failed to take "reasonable steps to secure its network," which led to the data breach in 2017. According to the FTC statement, the company neglected to patch its network after discovering a security vulnerability in one of its databases.  "Companies that profit from personal information have an extra responsibility to protect and secure that data," FTC Chairman Joe Simons said in a statement. "Equifax failed to take basic steps that may have prevented the breach that affected approximately 147 million consumers."  As part of the settlement, the agency will also be required to provide six free credit reports per year for seven years to all US customers.  Equifax was up 47% year-to-date through Friday. SEE ALSO: Trump just found another target at the Federal Reserve » READ NOW: Microsoft is investing $1 billion in OpenAI, the Elon Musk-founded company that's trying to build human-like artificial intelligence (MSFT) » Join the conversation about this story » NOW WATCH: Most hurricanes that hit the US come from the same exact spot in the world
Business Insider

FINRA wants to continue knowing member firms’ crypto activities

A U.S. financial watchdog has extended a program that will monitor cryptocurrency-related activities among brokers in the country.  The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO) for broker-dealers in the U.S., said in a regulatory notice on Thursday, that it will continue an initiative it took on last year, in which it requested member firms to share information such as whether they trade or intend to trade cryptocurrencies, among other activities.   Now the authority has extended the timeframe for another one year i.e. July 31, 2020, per the notice. “As securities regulators continue to provide guidance to members regarding the unique regulatory challenges presented by digital assets—e.g., Joint Statement on Broker-Dealer Custody of Digital Asset Securities—FINRA believes it is important to keep the lines of communication with members open on this important topic,” the notice reads. Member firms, therefore, are “encouraged” to keep sharing whether they are involved in the mining of cryptocurrencies, accept cryptocurrencies from their customers, engaged in derivatives tied to digital assets and whether they participated in an ICO or pre-ICO, among other activities. Those firms who engage in digital assets, whether or not they are securities, will have to follow all applicable FINRA rules and federal and state laws and regulations, the authority said. Earlier this month, FINRA and the Securities Exchange Commission (SEC) issued a joint statement, saying that there are several concerns to be addressed before they could give the green light to cryptocurrency firms who want to operate as broker-dealers. Industry experts told The Block at the time that firms will have to figure out how to solve to address those issues, such as accounting for and guarding against the loss or hacking of digital securities. Between 35 and 40 firms have reportedly applied to become brokerages, but none has received approval yet.
The Block Crypto
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