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Imperatriz Leopoldinense, a prominent Brazilian samba school, has chosen money as the theme of its performance during the 2019 Carnaval do Rio de Janeiro, which will be held in the week of March 2 – 9. Its dancers will tell the history of money, from the first metal coins and paper bills to modern day cryptocurrencies.
Samba School Chooses Money as the Theme of Its Show
The samba school is betting on Bitcoin to impress the spectators at Marquês de Sapucaí Sambódromo, the venue that hosts the famous carnival in Rio de Janeiro, hoping to win the competition this year. Imperatriz Leopoldinense was created in 1956 and has been proclaimed champion of the festival many times. But that hasn’t happened since 2001 and the stakes are high.
According to its website, the school’s performance this year has been named “Give Me Some Money,” the Brazilian crypto news outlet Portal do Bitcoin reported. It will be dedicated to the relationship between money and humanity, from the invention of the first currencies in ancient times to the present when they appear in digital form.
“Our story is about money and its relationship with humans from their invention to the present time. It is, without a doubt, one of the most important instruments in the economic life of nations and people,” the samba school explains. “Imagine what life would be without money. How could we buy and sell, receive and pay, stock up and save for the future, if it did not exist?”
From the First Coins to Digital Coins
The narrative covers various periods of human history and important developments such as the minting of the first coins in the ancient kingdom of Lydia, in the 7th century BC, and the issuance of the first paper money in China during the 10th century. Then it portrays the first exchange relations between South America’s native population, the Indians, and the European discoverers, as well as the first Brazilian mint that produced coins used in the slave trade.
The choreographers will draw attention to the saving and investing of money through bank deposits, financial instruments and other means. They will also highlight with humorous critique many of the socio-economic challenges of societies such as social divisions and income inequality that countries such as Brazil continue to face. The lack of quality healthcare, high unemployment, increased violence, and government corruption are among its most pressing problems.
Imperatriz’s dancers will conclude their performance at the Rio Carnival with the topic of Bitcoin. “We’ll end the parade talking about a future already present through cryptocurrencies – a digital resource system designed to function as a medium of exchange,” the samba school says in the announcement, noting that a growing number of companies on a global scale have begun to use Bitcoin in the years since the creation of the cryptocurrency.
Carnival Hit by Financial Crisis
The samba school’s decision to choose money as the main theme of its show this year has been criticized by some participants. According to 82-year old Mário Monteiro, who performs along with his sister Cacá Monteiro, 64, it’s a great irony to talk about money when the carnival goes through its longest period of financial difficulties, Brazilian online edition IG reported.
“It’s a challenging job. We are using old materials and optimizing all we can in order to save,” he said, noting that the narrative exploring the relationship between money and humans is a precedent for the annual parade in Rio. However, he believes the lack of money will not stop his dance group, insisting: “It’s time to put the sadness in the drawer and take the joy out of the closet, because it’s Carnival!”
What do you think of the theme chosen by the Imperatriz Leopoldinense samba school for its performance at the Carnival in Rio de Janeiro? Tell us in the comments section below.
Images courtesy of Shutterstock, Imperatriz Leopoldinense.
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On Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundeberg’s been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion.
In-Wallet Atomic Swaps and Onchain Negotiations
Mark Lundeberg has revealed a new project he’s been working on and has published the software’s open source framework. According to the developer, the Openswap protocol is a clone of the Electron Cash light client but also offers a few different features. The Openswap software has an atomic swap platform, onchain private messaging (BCH messages that use encrypted OP_RETURN payloads), and also includes BTC wallet support. Lundeberg’s first iteration which he plans on releasing soon will contain a basic walkthrough of the atomic swap process and the ability to trade BCH for BTC or vice-versa. The onchain messaging can be used for negotiation purposes explained Lundeberg in his announcement.
“The initial release features BCH and BTC, by integrating elements from the BTC Electrum into BCH Electron Cash — Other Bitcoin compatible coins can be added later such as litecoin, dash, doge, and others,” the developer detailed.
Lundeberg continued by stating:
I welcome developers from these and other communities to help build the next generation software.
Anonymous, Trustless, and Decentralized Bitcoin Cash Trades
In order to use Openswap, the user simply opens the ‘addresses’ tab and right clicks to choose the ‘Openswap’ command. The protocol’s documentation explains at this point the user is able to view private messages they have sent and received in the past. Moreover, this area allows Openswap users to make offers and initiate the atomic swap process. The virtual order book resides on the BCH chain and with enough liquidity, the application could bring forth a BCH-based decentralized exchange (DEX). Even though the program is in its infancy, in theory it could be used by any type of cryptocurrency trading platform.
“The software is designed to follow the model of a decentralized exchange, in the sense that it could be used by any capable liquidity provider to provide exchange services,” Lundeberg stated.
The Electron Cash developer Jonald Fyookball explained during the announcement that he thought the Openswap fork was “excellent” news. “This could be big news for Bitcoin Cash if people start using a BCH DEX,” Fyookball detailed on the Reddit forum r/btc. Lundeberg explained the Openswap protocol could be utilized in other multi-currency wallets but he chose Electron Cash because he’s more familiar with the software’s framework. The initial release will be published soon, Lundeberg concluded, but he wants testers and developers experimenting with Openswap first. The project’s creator has also created a Telegram channel for people who want to provide feedback and contribute to testing.
What do you think about the Openswap protocol? Let us know what you think about this project in the comments section below.
Images via Shutterstock, Bitcoin.com, and Pixabay.
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The post BCH-Based Openswap Client Will Feature Trustless Atomic Swaps appeared first on Bitcoin News.
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This week we wanted to let our wallet users know that we are sunsetting the Shapeshift API in the Bitcoin.com Wallet. The trading platform Shapeshift has decided to change the firm’s business model to a membership platform that requires the user to submit ID/KYC information.
Shapeshift Applies Membership Model
This week you may have noticed that the Shapeshift feature in the Bitcoin.com Wallet may not be working depending on where you live. That’s because Bitcoin.com has come to the decision to remove the in-wallet swapping service from our Wallet client. The Bitcoin.com Wallet is a non-custodial light client that holds both bitcoin cash (BCH) and bitcoin core (BTC) in a simplistic and secure fashion. Since we launched our wallet back in August 2017 we’ve seen 2.9 million wallets created so far. Our wallet is available for Windows, Linux, Mac, Android, iOS, and Android APK allowing anyone in the world the means to secure funds that are not held by a third party. Following the introduction of our wallet, the team at Bitcoin.com partnered with Shapeshift and added the coin shifting feature to the client last February.
Last month the non-custodial crypto trading platform Shapeshift announced that the application would introduce a mandatory membership program. The firm has revealed that the membership program will require basic user information in order to utilize the crypto-to-crypto trading features. The company has further detailed that wallets using the Shapeshift in-wallet service will require a one-time authentication.
“If you are using a wallet that integrates with Shapeshift, you will need to authenticate once through the wallet to enjoy the benefits of your membership and to then use the http://shapeshift.io service,” explained the company.
Bitcoin.com Wallet Will No Longer Feature the In-Wallet Shapeshift Service
Even though Shapeshift will be required to use personally identifying Know Your Customer (KYC) flows, users can still visit the third-party site and still use Shapeshift with our wallet to exchange your bitcoin cash (BCH) or bitcoin core (BTC) for another cryptocurrency. Furthermore, there are several other non-custodial peer-to-peer exchanges available for cryptocurrency enthusiasts that our reporter Kai Sedgwick discussed a few weeks ago.
Our bitcoin-based light client is steadily approaching 3 million wallets created and Bitcoin.com is proud to serve each and every one of our users. As cryptocurrency wallet providers we want to directly communicate with our users on every new feature we add, as well as other subjects such as our decision to sunset the Shapeshift API from the Bitcoin.com Wallet. Stay tuned for more updates on our cryptocurrency wallet and other services we provide in the future.
Have you downloaded the Bitcoin.com Wallet? What do you think about our non-custodial light client? Let us know your thoughts in the comments section below.
Images via Shutterstock and Bitcoin.com
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The post Bitcoin.com Wallet Will No Longer Feature the Shapeshift Service appeared first on Bitcoin News.
The Trump administration is proposing to restrict an innovation in the Affordable Care Act that was intended to improve Medicare and slow spending in the vast federal insurance system for older Americans. Healthcare researchers hail the model’s promise to improve quality and efficiency, but administration…
This past February news.Bitcoin.com reported on the firm Coingeek announcing funding the Electron Cash programming team. Since then, the bitcoin cash (BCH) centric wallet Electron Cash has seen a bunch of development with Coinshuffle integration, and a new iOS version of the wallet. Now another version of the Electron Cash wallet has launched which can run on basic feature phones (Nokia-style) adding more versatility to the BCH ecosystem.
Electron Cash Can Now be Installed on Nokia Style Feature Phones
Last February the Electron Cash lead developer, Jonald Fyookball, announced the development team would be funded by the firm Coingeek, and Electron Cash would launch a bunch of new features over the course of the year. So far the team has launched a new iOS version of the wallet and added a Coinshuffle plugin to the client’s desktop version. Now, this week the Electron Cash team has released a Java Micro-Edition of the wallet (J2ME) which makes the client available to feature phones much like the popular and less sophisticated Nokia phones.
“Electron Cash published a new wallet: The ‘J2ME’ version of Electron Cash. J2ME stands for Java Micro-Edition,” the Electron Cash lead developer explained in an interview with the publication Coingeek.
With Electron Cash for J2ME, now users who only have access to basic ‘feature phones’ such as the Nokia 216 will still have access to a real Bitcoin Cash SPV wallet, with all the benefits that come with it, including controlling their own private keys and being able to restore their wallet from a mnemonic seed phrase.
Over 1.3 Billion Feature Phone Users Can Now Use the Bitcoin Cash-Centric Wallet Electron Cash
Bitcoin Cash proponents are excited to see an Electron Cash client for feature phones as the wallet could help spread adoption in areas where basic phones are more prevalent. These areas would include Asia and Africa, and according to Counterpoint research there are 1.3 billion feature phone users worldwide.
The Electron Cash J2ME version source code is available for review on Github, explains the development team. “The original python code was rewritten in Java, mostly from scratch, in order to build this wallet. It is currently published on GitHub as an alpha release and is currently being reviewed and tested,” Fyookball emphasized.
What do you think about Electron Cash releasing a client for feature phones? Let us know in the comment section below.
Images via Shutterstock, Nokia, Pixabay, and Electron Cash.
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Just recently news.Bitcoin.com reported on a new Bitcoin Cash (BCH) centric wallet called Cashpay. The wallet launched last June and allows any user to purchase anything online using BCH. This week the development team has added a new feature called ‘Spend and Replace’ a wallet function that replaces BCH with a BCH buy order from Coinbase whenever the cryptocurrency is spent.
Cashpay Allows Users to Replace the Bitcoin Cash They Spend
During the first week of June, we reported on a new bitcoin cash wallet application called Cashpay. The mobile app that’s available for Android and iOS was launched by the Cryptonize.it team. Cashpay has a few features that other crypto light clients don’t provide like the ability to donate to certain charitable causes with bitcoin cash. Further, the wallet allows users to purchase any item online through any merchant using BCH. Now the wallet makes it possible for users to replace the BCH they spend with a new feature called ‘Spend and Replace.’
“It’s finally here — Spend and Replace is enabled on the Cashpay wallet making it possible replace the Bitcoin Cash you spend,” explains the Cashpay development team.
Spend and Replace works as follows: You connect your Coinbase account with Cashpay and enable Spend and Replace in the wallet you want to use. Every time you spent an X amount of Bitcoin Cash, the same amount of Bitcoin Cash (minus Coinbase fees) will be bought on your Coinbase account using the fiat available in your account.
Hodlers Can Now Purchase That Coveted Coffee
The spend and replace protocol is a first of its kind type of app that allows bitcoin cash users to do what they do best and that means spending BCH. Bitcoin cash proponents on forums seemed to like the idea of a wallet that allows people to spend their BCH on a cup of Starbucks coffee and replace the cryptocurrency spent with a Coinbase purchase. The Cashpay development team has also published a video walkthrough that shows people how to use the spend and replace feature.
Cashpay also explains that for users who have the Spend and Replace feature enabled but don’t have fiat available, Coinbase will choose the next available funding method like a debit card or bank account. Coinbase fees will apply as well so you will get slightly less BCH than you originally spent.
What do you think about the Cashpay Spend and Replace feature? Let us know your thoughts in the comment section below.
Images via Shutterstock, Cashpay, and Pixabay.
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The post New Cashpay Wallet Feature Replaces BCH After Spending appeared first on Bitcoin News.