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Cointext Adds the Ability to Pay Bitpay Invoices Using SMS

March 11, 2019 |

Cointext Adds the Ability to Pay Bitpay Invoices Using SMS Technology

Cointext, the cryptocurrency wallet that allows users to send bitcoin cash (BCH) by SMS, has been steadily adding regional support and so far has captured 42 countries. Now Cointext has added the ability to utilize the BIP70 protocol so users can pay Bitpay invoices using the wallet’s text messaging capabilities.

Also read: Bitcoin Cash Fans Start ‘Torch Passing’ Ceremony With a Non-Divisible Token

Cointext Now Supports 42 Countries

The Cointext wallet is a popular client among BCH supporters because it allows people to transact through SMS technology. Over the last few weeks, the startup has been adding support for countries like Bangladesh, Philippines, and Hong Kong. The company has gathered support for a total of 42 countries including Hungary, Denmark, Brazil, Columbia, Argentina, Australia, Estonia, Finland, and Germany. Cointext’s main goal is removing friction and making cryptocurrency simple to use and the startup believes its wallet “is the easiest way to introduce friends to crypto.”

Cointext Adds the Ability to Pay Bitpay Invoices Using SMS
The Cointext service is now available in 42 countries.

BIP70 Support, Bitpay Invoices and Anypay Global

Cointext has now announced support for the BIP70 payment protocol that Bitpay uses to process bitcoin core (BTC) and bitcoin cash (BCH) invoices. Essentially this means that Cointext users can copy a BIP70 payment URL and pay the invoice via their text messaging service. The startup also released a video showing the process, with Cointext founder and CTO Vin Amarmi demonstrating the new “Buy” command by donating $ 1 in BCH to the Wikimedia organization. The video demonstration showed the procedure was seamless and the functionality gives Cointext users the ability to pay for all types of goods and services using BCH.

Cointext Adds the Ability to Pay Bitpay Invoices Using SMS
Cointext can process both Bitpay invoices (BIP70) and Anypay Global invoices.

The BIP70 support follows the platform’s recent integration with another payment processor based in New Hampshire called Anypay Global. Last November, BCH fans noticed a recorded video of an individual paying for goods at the La Maison Navarre bakery in New Hampshire but instead of using a traditional QR code payment the food was purchased via text using the Cointext application. Anypay Global merchants simply create a BCH invoice using the application and the platform provides a Cointext code alongside a traditional QR code. In order to pay for goods, the Cointext user simply enters the code and from there the invoice is paid almost instantly.

BCH enthusiasts seem to like the Cointext wallet and appreciate the fact that it can be used sans internet. Furthermore, Cointext can be used by people who use basic feature phones (Nokia style) and has shared pictures of people using the app on a feature phone from a variety of different countries. Amarmi and the Cointext team hope the SMS functionality provided by Cointext will be able to reach the billions of unbanked global citizens as there are well over 2 billion registered basic feature phones worldwide. The ability to pay for invoices using payment processors like Bitpay and Anypay Global adds more real-world use cases to the Cointext system as a whole.

What do you think about Cointext adding BIP70 support so users can pay for Bitpay invoices via text message? Let us know what you think about this subject in the comments section below.


Image credits: Cointext, Shutterstock, and Pixabay.


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The post Cointext Adds the Ability to Pay Bitpay Invoices Using SMS appeared first on Bitcoin News.

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How to Save Earth From Asteroid? New Study Adds a Wrinkle

March 5, 2019 |

If an asteroid is barreling toward Earth, there’s only one solution: Strike and destroy it, right? A new Johns Hopkins University study has found that, contrary to previous thought, that might not be so easy. The research plays off of a more encouraging study from the early 2000s, in which…
Newser

EBay adds 2 activist-backed directors and may carve off StubHub and classifieds unit

March 2, 2019 |

EBay Inc. said Friday that it has reached an agreement with Elliott Management Corp. and Starboard Value, appointing two new directors and paving the way to potentially carving off some of its businesses.

Under terms of the deal, Elliott partner Jesse Cohn and Matt Murphy of Marvell Technology…


L.A. Times – Business

Coinbase Wallet App Adds Bitcoin Cash Support

February 20, 2019 |

Coinbase Wallet App Adds Bitcoin Cash Support

Coinbase announced on Tuesday that users of its wallet app can now directly store their bitcoin cash. The app update will be rolled out to all iOS and Android users in the next few weeks. Both Cashaddr and legacy address formats are supported alongside Bitcoin Cash Testnet for developers.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

Adding BCH Support

San Francisco-based digital currency platform Coinbase announced on Tuesday that its noncustodial wallet app now supports bitcoin cash. Siddharth Coelho-Prabhu, Product Lead at Coinbase, wrote that “Starting today, you can now store your bitcoin cash (BCH) directly in the Coinbase Wallet app.” However, he elaborated:

The new wallet update with bitcoin cash support will roll out to all users on iOS and Android over the next few weeks. BCH support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select bitcoin cash to send BCH to your Coinbase Wallet.

Coelho-Prabhu emphasized that the wallet “supports both newer Cashaddr address formats, as well as legacy addresses for backwards compatibility in all applications.” It also supports “Bitcoin Cash Testnet to aid developers and power users,” he detailed, adding that his team also plans “to add support for the JSON Payment Protocol in the future.”

Coinbase Wallet App Adds Bitcoin Cash Support

The security of the Coinbase Wallet app is more advanced than its custodial web wallet counterpart. According to the announcement, users’ private keys are encrypted and stored on their mobile devices using a Trusted Execution Environment (TEE), or Secure Enclave technology. “This specialized hardware is considered the most secure way to safeguard private data on mobile devices,” Coelho-Prabhu claims.

The BCH support follows the BTC support announced on Feb. 5. Coinbase Wallet previously supported only “ethereum, ethereum classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum,” the product lead noted.

Other Developments

A week before BCH support was added, Coinbase announced that users “can now backup an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud.” Coelho-Prabhu described, “This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.”

However, the optional feature was met with a large amount of negative feedback on social media. Tallycoin developer DJ Booth tweeted, “This is a terrible idea and encrypting with a user-chosen password is even worse. Most people cannot choose/remember strong passwords and generally reuse passwords.” After hundreds of tweets disapproving of the new feature, the company responded: “If you feel uncomfortable storing an encrypted backup in your cloud account, you can keep a copy of the recovery phrase (mnemonic seed) by yourself.”

Coinbase Wallet App Adds Bitcoin Cash Support

Then, on Tuesday, Coinbase announced that it has acquired Neutrino, which describes itself as a blockchain data intelligence platform. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors,” explained Varun Srinivasan, Coinbase’s director of engineering. “It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations.”

What do you think of the Coinbase Wallet app? Will you use it? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post Coinbase Wallet App Adds Bitcoin Cash Support appeared first on Bitcoin News.

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In the Daily: Kucoin Rebrand, Binance DEX, The Tie Adds Trading View

February 19, 2019 |

In the Daily: Kucoin Rebrand, Binance DEX, The Tie Adds Trading View

In Tuesday’s installment of The Daily, we begin by checking in with a couple of the leading exchanges in the cryptosphere. Kucoin has unveiled a new look and a slew of new features, while Binance is poised to launch the testnet of its long-awaited DEX. We’ll finish by examining an integration between sentiment analysis service The Tie and Trading View that will allow traders to correlate markets with moods.

Also read: Indian Government Inaugurates National Crypto Forensic Lab

Kucoin 2.0 Goes Live

On Feb. 18, Kucoin underwent scheduled downtime to ready the exchange for a major overhaul. Upon the platform’s return, traders were greeted by a new login page, new wallet addresses, new trading engine, and new dashboard. To celebrate the upgrade, traders can enjoy zero fees for the next three days. In a tweet, CEO Michael Gan noted that his team was working to further improve the platform based on user feedback. Stablecoins have a dedicated section in the redesigned exchange, where they now nestle under a tab simply marked “SC.”

In the Daily: Kucoin Rebrand, Binance DEX, The Tie Adds Trading View

The new-look Kucoin supports more order types, incorporates new APIs, and has a clearer dashboard that makes it easier for users to determine their security and account verification level. Upon logging in to the exchange for the first time since the upgrade, users will be prompted to set a trading password. Other features incorporated into Kucoin 2.0 include a tiered trading fee discount program designed to increase liquidity, and the ability for users to unilaterally freeze and unfreeze their accounts.

D-Day Looms for Binance DEX

Binance’s decentralized exchange (DEX) is inching closer to its public release. Tomorrow, Feb. 20, the testnet will launch ahead of the mainnet going live. In an announcement, the exchange explained: “Infrastructure-wise, the testnet of Binance Chain will start with 11 test nodes. We will test various combinations of nodes to optimize performance. While many have asked, the number and selection criteria of mainnet nodes are yet to be decided. At this stage, we simply want to develop a best-in-class DEX as fast as possible.”

The DEX will launch with the Binance-owned Trust Wallet integrated, before adding support for third-party hardware wallets such as the Ledger Nano S. Binance coin (BNB), which will be used as a primary trading pair and to cover fees on the DEX, has surged in price in recent weeks in the build-up to the platform’s launch.

In the Daily: Kucoin Rebrand, Binance DEX, The Tie Adds Trading View

The Tie Integrates Trading View

Technical analysis and sentiment analysis have traditionally been separate disciplines that haven’t easily intersected. The former entails staring at charts, while the latter requires gauging what communities are saying or “feeling” about particular assets, before taking an educated guess as to where the market is likely to move. Sentiment analysis service The Tie has now completed Trading View integration, enabling users to overlay charts from both disciplines.

In the Daily: Kucoin Rebrand, Binance DEX, The Tie Adds Trading View

Its BTC chart, for example, shows sentiment closely correlated with price, but with some divergence over the last three days. Alongside the traditional Trading View dashboard are metrics such as sentiment, hourly sentiment, one-hour price projection and the accuracy of this prediction expressed as a percentage. “On top of the technical indicators Trading View already offers, The Tie has added the ability to chart 13 custom indicators including sentiment, NVT ratios, relative tweet volume, and more all on the same chart,” explained the platform.

What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post In the Daily: Kucoin Rebrand, Binance DEX, The Tie Adds Trading View appeared first on Bitcoin News.

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Coinify Adds BCH and Rebrands Its Trading Platform

February 11, 2019 |

Coinify Adds BCH to Its Virtual Currency Lineup, Rebrands Trade Platform

Coinify, the Copenhagen-based cryptocurrency exchange and payments provider, has announced the introduction of three new virtual currencies to its buy and sell platform. Users can now purchase bitcoin cash (BCH) plus altcoins XLM and BSV directly with bank transfer or credit card.

Also read: Heavy Borrowers and Near-Failed States Likely To Drive Hyperbitcoinization

Coinify Users Can Now Use Credit Cards to Buy BCH

In a statement released to news.Bitcoin.com on Feb. 11, Coinify co-founder and chief executive officer Mark Højgaard said the newly added coins, which start trading tomorrow, were part of plans to support a total of 15 digital assets on the exchange by the end of this year. Ethereum was added to the platform late last year.

Coinify Adds BCH and Rebrands Its Trading Platform

The development, which means that users can buy BCH, XLM, or BSV without having to first purchase BTC, also dovetails with Coinify’s ambitions towards improving crypto-based payments.

The exchange has a keen interest on assets that demonstrate tangible viability as a payment method as well as those “with a strong community to support the coin’s use.” Bitcoin cash provides for one of the most efficient, fastest and cheapest payment options in the financial world, with average fees of half a cent for any amount transferred.

Højgaard added that the three newly listed cryptocurrencies were aligned to the company’s internal compliance standards as well as to international regulation, stating:

We are continually developing our services to support access to virtual currencies while taking an agnostic stance on the ecosystem. The real differentiator of Coinify is that we are not only offering low-cost bank transfers for buying these currencies, but users also have the option of instant purchases using all major payment cards. There just aren’t that many platforms out there that offer users direct card purchases of other virtual currencies, apart from [BTC].

Exchange Rebrands Buy and Sell Platform to Mycoinify

Meanwhile, the company has rebranded its individual trading platform to “Mycoinify” from “Buy and Sell” previously. The rebranding comes as part of Coinify’s extension of its payment offerings, which seek to distinguish between its payments product suite for businesses, and Mycoinify, which is a B2C service for private individuals.

Coinify Adds BCH and Rebrands Its Trading Platform

Mycoinify will continue to focus on end users by providing them with a “simple and compliant platform” to buy multiple virtual currencies, said Pia Skafte Johansen, head of payment solutions at Coinify. The service also lowers barriers to entry into the virtual currency space by being “wallet agnostic and users can, therefore, store their virtual currencies in the wallet of their choice,” noted Johansen.

Coinify, which is backed by Nordic Eye Venture Capital, Seed Capital Denmark, and SEB Venture, offers two-way virtual currency conversion services for businesses and individuals.

What do you think about Coinify’s expanded virtual currency offering? Let us know in the comments section below.


Images courtesy of Shutterstock.


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com

The post Coinify Adds BCH and Rebrands Its Trading Platform appeared first on Bitcoin News.

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The Daily: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange

February 8, 2019 |

The Daily: Huobi Launches Trading Pairs With USD, Airswap Introduces Fiat-to-Crypto Exchange

In this edition of The Daily, we cover two announcements regarding fiat-to-crypto trading services. The U.S. subsidiary of Huobi has introduced pairs between three cryptocurrencies and the U.S. dollar and peer-to-peer platform Airswap has enabled users to exchange fiat currency for ethereum. There’s also a new development in the Quadrigacx saga – a judge has granted the troubled exchange temporary protection from creditors.   

Also read: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin

Huobi Introduces Fiat Trading in the US

The U.S. subsidiary of Singapore-based cryptocurrency exchange Huobi has launched trading pairs with USD, the platform announced on its website. Currently, verified users are able to purchase and sell bitcoin core (BTC), ethereum (ETH), and the dollar-backed stablecoin tether (USDT) with U.S. dollars, the post details.

To take advantage of the new fiat services, traders need to register for an Hbus account on the Huobi Marketplace, pass level one and two verifications via the ‘Account & Security’ tab and accept the terms under ‘Open a USD wallet.’ The option is available via the ‘Balances’ section.

The Daily: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange

The USD support has been provided through a partnership between Huobi.com and custody and escrow services provider Prime Trust. Users are also required to open a Prime Trust account and link it to their Hbus account. Hbus is the San Francisco-based partner of Huobi Global that runs the U.S. trading platform.

Huobi plans to reward the first 500 customers who open a USD wallet with 20 USDT. However, only traders residing in the U.S. are eligible to receive the rewards.

Airswap and Wyre Offer Support for Fiat Currencies

Thanks to a new partnership with Wyre, peer-to-peer trading network Airswap allows users to exchange fiat currency for cryptocurrency. The platform supports USD, GBP, EUR, and AUD. According to a post on Medium, traders will be able to purchase ETH with these currencies within their noncustodial wallet using the Airswap trading interface.

The Daily: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange

Wyre is a registered money service business licensed to operate in over 40 U.S. states. The integration between the two platforms allows investors to purchase cryptocurrency via ACH/wire bank transfers, without the need to deposit funds onto a centralized exchange. Commenting on the partnership, Wyre CEO Michael Dunworth stated:

Peer-to-Peer/OTC style trading is always a strong starting point for building meaningful liquidity. Airswap really gets this. Working with them to mitigate counter-party risk, without compromising on meaningful liquidity is so exciting to be part of.

Airswap noted in a statement that by enabling a fiat on-ramp to the network, it will “empower users to always maintain control of their private keys in an environment dedicated to supporting peer-to-peer trade.”

Judge Grants Quadrigacx Reprieve From Lawsuits

Crypto exchange Quadrigacx, which lost access to cryptocurrency worth millions of dollars after its founder’s alleged death, has been granted temporary protection from creditor lawsuits. Judge Michael Wood ordered a 30-day stay that precludes filing of claims against the digital asset trading platform, one of the largest in Canada.

Thousands of investors have been left without their funds after 30-year-old CEO Gerald Cotten reportedly died in December of complications from Crohn’s disease while in India, and some of them have threatened lawsuits. Cotten is believed to be the only person who had the passwords for the cold wallets containing around 190 million Canadian dollars (~$ 143 million) in cryptocurrencies.

The Daily: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange

“Despite repeated and diligent searches, I have not been able to find [the passwords] written down anywhere,” his widow Jennifer Robertson said in an affidavit, quoted by RTE. According to a court document, Quadrigacx owes 115,000 users a total equivalent to 250 million Canadian dollars (~$ 188 million).

Quadrigacx’s lawyer Maurice Chiasson told the court the company needs time to find the money it owes. The exchange is currently considering selling its platforms to cover the debts. A third-party monitor, Ernst & Young, has been appointed to help Quadrigacx manage its finances.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


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The post The Daily: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange appeared first on Bitcoin News.

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Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets

February 7, 2019 |

Coinbase has announced support for bitcoin core (BTC) in the company’s noncustodial wallet. The wallet was originally originally dedicated to ethereum (ETH), ethereum classic (ETC), ERC721 and ERC20 tokens. The San Francisco based company plans to add more currencies to the wallet in the near future.

Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners Digital Assets Fund

Noncustodial Coinbase Wallet Now Supports BTC

After building a slew of custodial services, Coinbase released a noncustodial wallet for storing, sending, and receiving ETH, ETC, and a wide array of ERC-based tokens. Coinbase Wallet is a rebrand of the ‘Toshi’ client the company introduced back in April of 2017. The wallet also connects to a dapp browser that showcases certain ETH-fueled platforms. A few weeks ago Coinbase announced the development team was in the midst of adding BTC support to the wallet, and on Feb. 5, Coinbase representative Siddharth Coelho-Prabhu revealed that developers have fully integrated support for BTC. “Our goal with Coinbase Wallet is to create the world’s leading user custodied crypto wallet,” ran the announcement.

“Bitcoin support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select Bitcoin to send BTC to your Coinbase Wallet,” Coelho-Prabhu detailed. “Coinbase Wallet supports both newer segwit addresses with lower transaction fees, as well as legacy addresses for backward compatibility in all applications.”

Setting up a new Coinbase Wallet with username and passcode.

Just like the previous version of the wallet, the light client’s private keys are encrypted on your mobile phone or tablet using secure enclave technology. “This specialized hardware is considered the most secure way to safeguard private data on mobile devices,” Coelho-Prabhu explained. The Coinbase light client also supports the BTC and ETH testnets so programmers can work with testnet coins to deploy cryptocurrency integrated applications. At the moment most applications in the browser, like Peepeth, Instadapp, Totle, Cent, Smartdrops, Compound, Paradex, Oasis Direct, and Airswap are all Ethereum-based protocols. You can also click the “Discover Dapps” button to find more applications within the wallet’s browser.

Backing up the Coinbase Wallet’s private keys and the BTC wallet interface.

Bitcoin Cash, Litecoin, and Other Coins Will Be Supported Soon

Coinbase also details the company will be adding bitcoin cash (BCH), litecoin (LTC) and other popular digital assets soon. When BCH gets added to the wallet lineup there’s a wide variety of dapps that could be added to the Coinbase browser like Memo.cash, Craft.cash, Wormhole, the Simple Ledger Protocol (SLP) and Bookchain.

The Coinbase Wallet’s dapp browser, testnet section, and active wallets.

Not only has Coinbase announced BTC integration, but the company recommends Coinbase.com users should check out the wallet as it gives them control over their keys. The San Francisco company also emphasized the difference between the newly revamped wallet and the firm’s traditional brokerage operations.

“With Coinbase.com, you can buy crypto and Coinbase stores it (along with your private keys) for you; with Coinbase Wallet, you store your own crypto that’s safeguarded by a private key that only you know,” Coelho-Prabhu’s post concludes.

What do you think about the newly revamped Coinbase Wallet with added BTC support? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Jamie Redman, and the Coinbase Wallet.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets appeared first on Bitcoin News.

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The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin

February 7, 2019 |

The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin

In Thursday’s edition of The Daily we feature a recent survey that shows 13 percent of shoppers would be happy to buy cryptocurrencies under the Amazon brand. We also cover a new stablecoin integration by crypto card provider Wirex and a token promoted on Coinbase Earn.

Also Read: Abra Adds Stocks and ETF Investing to Its Crypto Exchange App

Survey: 13% of Shoppers Would Buy Amazon Crypto

Online commerce giant Amazon (NASDAQ: AMZN) has one of the strongest brands in the world. What started out as just an online bookstore has become almost a force of nature, taking over entire industries. The company also enjoys a great deal of trust with consumers, especially in the U.S. market where some people allow Amazon to unlock their front doors to make in-home delivery (Amazon Key), install its AI-powered listening devices (Alexa) and even to run the cloud computing systems of the CIA.

It would be fair to say that Amazon is more trusted and liked than most banks. Given this fact, it is not surprising that a good portion of its customers would also trust Amazon with their digital finance needs. A recent survey of over 1,000 Amazon clients by the financial portal Investing.com found that 12.7 percent of them would feel comfortable purchasing cryptocurrencies under the Amazon brand. This could be assumed to be anything from an integrated cryptocurrency wallet to an Amazon-issued token.

The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin

Wirex Adds First Stablecoin

Popular online bank and crypto debit card issuer Wirex has added a first stablecoin to its list of supported cryptocurrencies. Users of the Wirex platform in the European Economic Area (EEA) can now buy, store, convert and spend dai (DAI) with their Wirex Visa cards, the U.K.-based company announced in a recent blog post. This is the seventh token made available for Wirex users as the service already supports bitcoin core (BTC), litecoin (LTC), ripple (XRP), ether (ETH), waves (WAVES) and wollo (WLO).

The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin

“We want to give our customers access to a full array of cryptocurrencies. Stablecoins are yet another variation of crypto that demonstrates how easily and efficiently it can be integrated into everyday life,” commented Wirex co-founder Pavel Matveev. His co-founder Dmitry Lazarichev added: “Dai is an excellent tool to make international payments at low costs without the volatility. The token feeds into our ethos of enabling mainstream crypto adoption by streamlining traditional and cryptocurrencies. Dai is a solid addition to our existing cryptocurrency portfolio.”

Coinbase Takes a Swing With BAT

Back in December, Coinbase announced an initiative meant to incentive people to learn more about cryptocurrencies. The Coinbase Earn educational platform rewards users with tokens for completing various tasks such as watching videos and taking quizzes on crypto-related content. On Wednesday a section on Basic Attention Token (BAT) was added to the service, offering users the opportunity earn up to $ 10 worth of BAT in the process of learning about it.

The Coinbase Earn team explained to those new to BAT that “Basic Attention Token seeks to improve the efficiency of digital advertising with a token that can be exchanged between publishers, advertisers, and users on the Ethereum blockchain. The token can be used to obtain a variety of advertising and attention-based services on the BAT platform and the Brave browser.” The token quickly jumped over 10 percent in price, offering a valuable lesson in the power of Coinbase to move the market.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Investing.com.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin appeared first on Bitcoin News.

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Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App

February 6, 2019 |

Crypto Wallet and Exchange App Abra Adds Stocks and ETF Investing

Abra has decided to add access to collateralized equities investing. This means that users of the exchange and wallet app in 155 countries will be able to trade on popular U.S. stocks and commodities like gold and even use cryptocurrency to do so.

Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners Digital Assets Fund

Invest in US Stocks, Gold and ETFs With Crypto

Abra, a cryptocurrency wallet app and exchange with native support for bitcoin cash, has announced that is set to offer its global users the opportunity to invest in stocks, commodities and ETFs, all within the app. The service is going to start with popular U.S. stocks and ETFs and the company also promises to add more global assets in the coming months.

Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App

“Many consumers in the US and other countries already have access to stocks and mutual funds via online brokerages. However, many people (billions actually) are shut out of these investment opportunities due to their geography, financial status or lack of accredited investor status, income level, or lack of trust for their local financial institutions. That’s why Abra is leveling the playing field for everyone,” stated CEO Bill Barhydt. “At Abra, we already have low-income families in the Philippines and rich venture capitalists in the US using our app to invest in cryptocurrencies. Now we’re giving our customers access to the same investment products that everyone in the US has enjoyed for decades.”

Powered by Crypto-Collateralized Contracts

Abra explains that it is able to offer this by using the same “crypto collateralized contract model” that the company deploys for digital assets. Crypto-collateralized contracts allow an investor to gain exposure to any asset by using cryptocurrency as the underlying technology for the investment. When a trader buys such an instrument, they are effectively creating a smart contract which automatically determines whether they have made or lost money based on the price of the underlying asset.

This model also means that the company needs to take the chance that the trade goes against it. “Simply put, Abra is taking that risk,” said Barhydt. “However, Abra hedges away our risk on these contracts in the open market at the moment the consumer creates the investment. Abra has already successfully processed hundreds of millions of dollars worth of these investment contracts and has never lost money on them.”

What do you thunk about the Abra app adding stocks and ETF investing? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App appeared first on Bitcoin News.

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