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| January 19, 2019

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Binance Launches Euro and Pound Fiat-to-Crypto Platform in Jersey

January 16, 2019 |

European and British investors looking for a gateway to covert their fiat into cryptocurrency have just gotten another venue to trade on. Popular digital exchange Binance has launched a euro and pound fiat-to-crypto trading platform in the British Crown dependency of Jersey.

Also Read: The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index

Bridging the Crypto-Fiat Channel

Malta-based cryptocurrency exchange Binance announced on Jan. 16 the official launch of Binance Jersey (Binance.je), a fiat-to-cryptocurrency platform for trading the euro (EUR) and British pound (GBP) with cryptos in Europe and the U.K. Trading pairs for the new exchange include BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR. Users will have to pass account verification procedures (KYC) to trade on the new GBP and EUR fiat exchange.

“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern,” said Wei Zhou, Binance CFO. “Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption.”

Binance Launches Euro and Pound Fiat-to-Crypto Platform in Jersey

The Other European Crypto Hub

Similarly to Malta, Jersey has taken advantage of the slow pace larger European countries are taking to regulate the market, and established itself as an offshore hub for cryptocurrency ventures as well as ICOs. For this reason, Binance believes that Jersey will be a major driving force for increasing cryptocurrency use in the European market.

In June 2018, the exchange developed a partnership with Digital Jersey to collaborate on initiatives supporting the growing ecosystem in Jersey. Binance Jersey is also part of a cooperative effort to promote growth on the island, such as developing local banking relationships and local talent.

“Jersey has in place an existing legal and regulatory framework for cryptocurrency into which Binance Jersey easily fits,” said Zhou. “Jersey is an undisputed pioneer in blockchain development leveraged by this strong framework and talent pool. Binance Jersey hopes to increase Jersey’s competitive advantage in banking from other jurisdictions competing for cryptocurrency-related business as the island’s cryptocurrency regulation allows.”

What do you think about this new fiat-to-crypto offering? 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 Binance Launches Euro and Pound Fiat-to-Crypto Platform in Jersey appeared first on Bitcoin News.

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The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index

January 16, 2019 |

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index

In today’s edition of The Daily, we cover a number of stories that are of importance to cryptocurrency traders. A new trading platform is set to offer tokenized securities, Ledgerx releases a volatility benchmark based on U.S. BTC options, and the police investigate an exchange that suffered a significant security breach.

Also Read: Bitwise Asset Management Files With SEC for New Bitcoin ETF

A New Tokenized Securities Trading Platform

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index
Minsk, Belarus

Currency.com, a company licensed in Belarus, has announced the launch of a new trading platform for tokenized securities. Starting with over 150 instruments, the company plans to issue over 10,000 tokens which will track the underlying prices of equities, indices and commodities. The service is in invite-only mode right now, but prospective clients can apply to be added to a waiting list.

Users will be able to buy these tokens with cryptocurrencies, and will have the ability to trade them on margin. The tokenized securities platform will also be supplemented by a service for buying cryptocurrencies using fiat, storing them and making cross-crypto exchanges, as well as with a portfolio tracking app. Currency.com is said to be using the technology of Capital.com, its sister CFDs platform.

The platform is said to implement Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures and verify all transactions with blockchain intelligence services such as Coinfirm, Elliptic and Chainalysis. Ivan Gowan, the CEO of the company, commented, “We are excited to be launching this revolutionary blockchain venture and providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes, without the pressure of exchanging cryptocurrencies into fiat money to do so. Currency.com is committed to providing users with superior security and fraud protection, and preventing any potential risks by leveraging the full traceability of blockchain transactions and adhering to the strictest regulatory standards set by Belarus’s Decree No. 8 ‘On the Development of the Digital Economy’.”

Ledgerx Launches Benchmark Volatility Index

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index
The Chicago Board Options Exchange Volatility Index (VIX)

Ledgerx, the CFTC regulated digital currency clearinghouse and options exchange, has announced the launch of Ledgerx Volatility Index (LXVX) a volatility estimate for BTC based on live U.S. options trading. The company says that the LXVX is designed to incorporate the level of fear and uncertainty in the crypto market, and thus can be thought of as the “bitcoin fear index”, in the same way the VIX is commonly referred to as the stock market fear index.

“Having cleared half a billion in derivatives, we feel confident that the LXVX is the only credible indicator for future bitcoin volatility,” said Juthica Chou, the company’s co-founder and Chief Operating Officer. “The importance for a volatility estimate is a range of strikes and terms. Ledgerx has active options contracts from $ 2k to $ 50k in strikes, out to June 2020.”

“One of the fascinating things about volatility indices is that they’re of interest to a lot of participants, even if they don’t trade the options directly. For example, if you are a large holder of bitcoin or a risk manager, you’d be very interested in how much the market expects bitcoin to move over the next month. To finally have an estimate of volatility for bitcoin is another step in the maturation of the market,” she added.

NZ Police: We Didn’t Storm Cryptopia Exchange

The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index

Christchurch, New Zealand-based Cryptopia is the latest exchange to get hit by hackers. After initially claiming the service was only taken down for “unscheduled maintenance” on Monday, the company revealed yesterday that it has “suffered a security breach which resulted in significant losses.” The New Zealand authorities updated the public today, Wednesday Jan. 16, that they are working with Cryptopia to establish what exactly happened, which seems to counter the fears of some commenters that the company pulled a $ 3.6 million exit scam.

“Police are not yet in a position to say how much cryptocurrency is involved, other than it is a significant amount,” the investigative force stated.“A large team, including Canterbury CIB and specialist staff from the police High Tech Crime Unit, have been assigned to the case. There has been a visible police presence at the company’s Colombo Street headquarters throughout the day as police take the steps needed to progress the investigation. While police are unable to go into details about specific steps being taken at this stage, we can say that our focus includes commencing both a forensic digital investigation of the company and a physical scene examination at the building.”

“We are dealing with a complex situation and we are unable to put a timeframe on how long the investigation may take. We are also aware of speculation in the online community about what might have occurred. It is too early for us to draw any conclusions and Police will keep an open mind on all possibilities while we gather the information we need. A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this. We would also like to make clear that Cryptopia are cooperating fully with the investigation team and a media report that police ‘stormed’ the building today is entirely incorrect.”

What do you think about today’s news tidbits? 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 The Daily: New Platform to Offer Tokenized Securities, Ledgerx Launches Volatility Index appeared first on Bitcoin News.

Bitcoin News

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform

January 13, 2019 |

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform

Atomicpay, a Thai-registered payments startup, has officially launched its non-custodial cryptocurrency payment terminal for merchants throughout the world. Founder and developer Benz Rif said the platform, which supports BTC, BCH, LTC and other cryptos, eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their customers.

Also read: Mongolia’s Cheap Electricity Draws Japanese Bitcoin Miners Seeking Profit

A P2P Payment Solution With Payment Processor Benefits

“Cryptocurrency itself is decentralized, but blockchain payment processors continue to be centralized,” Rif told news.Bitcoin.com on Jan. 12. “This resulted in the same old problems with high processing fees, hidden charges, slow settlements, hacks, foul play, privacy and censorship issues.”

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform

The technology behind Atomicpay allows shop owners to obtain immediate custody of funds whenever a user makes payment. The platform does not work as a financial custodian like Paypal or Bitpay, Rif said. From the start to the end of a payment, no funds will go through Atomicpay and neither does the processor hold any funds belonging to retailers.

“It is an entirely peer-to-peer payment solution, with the convenience and benefits of a payment processor,” explained Rif. News.Bitcoin.com tried out the platform, whose account creation process proved to be fairly straightforward. Provide a full name and email address, and, once you’ve authenticated your email address, you’re good to go. A wizard on the site helps you set up the wallet addresses of your choice into which payment will be made.

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform

Atomicpay is not a wallet service – nor is it an exchange or cryptocurrency swapping service. Rather, it is a payments platform built for merchants, but unlike custodial solutions does not store or hold their money. When everything is set up, the site asks you to generate an invoice, indicating your preferred fiat currency for processing payment (156 fiat currencies are supported). After that, the user is prompted to scan a QR code, or enter an existing bitcoin wallet address where payment is made directly from the wallet to the merchant. Featured payment buttons include Quickpay and Pay URL.

More Than 1,700 Merchants Onboarded

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment PlatformBenz Rif said more than 1,700 merchants from different parts of the world including Thailand, Venezuela, Turkey and Colombia have been onboarded to the platform. The processing fee is charged at a flat 0.9 percent per transaction, but that can go lower to 0.8 percent with full know-your-customer compliance. Discounts are offered for heavy users.

“Atomicpay does not have access to the merchant’s private key and money goes directly to their cold wallet,” Rif noted. “Our service allows merchants to receive payments directly from their customer bypassing a third party, hence fees are not deducted from transactions. Our plans are based on a post-paid charging model. Merchants only pay for their usage at the end of the month.”

What do you think about Atomicpay’s crypto payments platform? Let us know in the comments section below.


Images courtesy of Shutterstock.


Disclaimer: Bitcoin.com does not endorse nor support this product/service.

Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

The post Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform appeared first on Bitcoin News.

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PR: Bitbook Launches Online Gambling and Betting Platform

January 10, 2019 |

Bitbook Launches Online Gambling and Betting Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The gambling and casino industry has been alert to the changes associated with modern technologies. Since its inception, it has relied on various inventions, whether a simple dice or a sophisticated blockchain betting platform. As advancements in technology speed up, the industry is transformed at a rapid pace as well to catch up with the reality of a highly digitalized world.

The key purpose of gambling is winning a prize in a game with uncertain results. It has become immensely popular in different societies as it makes people experience a broad spectrum of emotions. It is winning that triggers particularly addictive perceptions and keeps gamblers on the edge of their seats. Nowadays, gamblers don’t even have to take seats outside their houses because leading-edge technologies enable them to place bets and play odds online.

When looking back at the history of gambling, it is clear that people were interested in it before recorded history. Gambling houses emerged in the first millennium BC while the first casino started functioning in Venice in the 17th century. The first official bookmaking service dates from 1790 when Harry Ogden made a profit by offering players the opportunity to bet on horses. Later, new forms of gambling evolved. In 1961, the legalization of betting shops encouraged the spread of bookmaking firms. The launch of online poker websites and the approval of online casinos in the 1990s were major recent landmarks in the gambling and casino industry. In fact, they set a course for striking future developments in the industry, which wouldn’t happen without the use of the latest technologies.

Online Gambling

The successful incorporation of Internet technologies led to the launch of online casinos. Microgaming was the first software development company to expand the variety of online gambling games. The greater availability of those games required the improvements in safe online transactions that were promoted by Cryptologic. Online gambling has been constantly transforming and setting new, demanding standards. For example, modern online casinos are not only expected to be legal but also to be designed to encourage communication and interaction between players from around the world. In the 2000s, online gambling hit the jackpot, welcoming 8 million players. This number hasn’t decreased since then. Online gambling is a promising trend which will continue to build up momentum. Despite its rise, conventional brick and mortar casinos still attract gamblers. Although the atmosphere remains unchanged there, digital gambling machines are found in every traditional casino, proving technological impact is unavoidable.

Mobile Technology

In the last few years, mobile gaming has been on the rise. It ensued from the widespread use of mobile phones, which allow users to place bets on the go. Smartphones not only give access to online casino games, but they also create an opportunity to download apps designed to simplify user experiences and make gambling portable. Mobile technology increases the number of players who value the convenience coming from the ability to place bets quickly. Despite recently imposed regulations on online gambling, mobile casinos and apps are in great demand among users and generate the highest profits in the industry.

Virtual Reality

The future of online gambling lies in virtual reality. This technology is aimed at gamblers who still prefer brick and mortar casinos to online gambling. Of course, virtual reality gambling won’t leave other players indifferent. The first attempt to create a virtual reality casino was in 2016. Since then, developers have been working on the idea of true-to-life casinos which will provide users with vivid virtual experiences and quality animation. Today, SlotsMillion is the only provider of VR/3D online casino applications.

Blockchain-based Gambling Platforms

Blockchain technology has influenced different industries. So far, it is difficult to evaluate its current and future impact. The gambling and casino industry had no choice but to embark on the incorporation of blockchain. And developers who rely on it haven’t made a wrong decision because blockchain-based gambling platforms offer transparency and privacy for their clients. Blockchain casinos have been a solution for modern gamblers who value personal data or hate fraud and unreasonable regulations. Reliable online casinos and sportsbooks such as Bitbook, Bitstarz, and Fortune Jack were built as modern decentralized networks.

The gambling and casino industry has expanded much more dramatically than expected, making it a very profitable sector. There are more than 2.2 billion active online gamers. It is expected revenue from gambling will total $ 143.5 billion by 2020. Massive popularity results from the rise of various technologies. Undoubtedly, technological development has changed the industry, incorporating multi-player gaming, mobile casinos, casino apps, Internet poker rooms, virtual reality games, decentralized blockchain opportunities, and cryptocurrency transactions. It is evident that technologies have made gambling and betting more convenient for a wider audience by introducing secure, transparent, and user-friendly betting platforms.

Technological development accounts for the advantages of Bitbook.ag, a new online gambling and betting platform. Bitbook.ag is designed to provide clients with numerous licensed games and quality services. It allows gamblers to place their bets on both computers and mobile devices. Moreover, the platform has been built on blockchain, profoundly boosting its operation. Now, Bitbook.ag offers transparent transactions, automatically updated odds, personal privacy, and an unique token that also can be used on betting. It is not all, the team is eager to keep Bitbook.ag up to date and turn it into the leading 2.0 online betting and gambling platform.

Find out more about bitbook on www.bitbook.ag – the platform is already live and you can test their games with a free demo account!

Contact Email Address
info@bitbook.ag

Supporting Link
https://ico.bitbook.ag/en/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Bitbook Launches Online Gambling and Betting Platform appeared first on Bitcoin News.

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The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration Platform

January 8, 2019 |

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration Platform

Cryptocurrency exchange Binance is opening trading for three stablecoin pairs. Also in Tuesday’s Daily, Overstock’s Tzero has patented a solution to integrate traditional and cryptocurrency trading systems, Morgan Creek founder Jason Williams offers his Lamborghini for bitcoin, and in Brazil, crypto investors are looking to buy vaults to safely store their digital assets.

Also read: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in London

Binance Launches Trading for Three Stablecoin Pairs

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformBinance, currently the largest crypto exchange by daily trading volume, has announced it’s adding new trading pairs that will allow users to trade stablecoins against one other. Starting from Tuesday, Jan. 8, the following pairs will be available to traders: PAX/TUSD, USDC/TUSD and USDC/PAX.

In November, the digital asset trading platform rebranded its USDT market as a combined stablecoin market, introducing the symbol USDⓈ. The exchange explained this was done to support more trading pairs with different stablecoins offered as a base pair. Later Binance added to the new market pairs with the stablecoins paxos standard (PAX) and USD coin (USDC).

Last year saw the arrival of several stablecoins that are now competing with the dollar-pegged tether (USDT). These include the two tokens that were approved by the New York State Department of Financial Services in September, gemini dollar (GUSD), and paxos standard (PAX), also backed one-to-one with U.S. fiat currency.

Tzero to Integrate Traditional Trading Systems and Crypto Exchanges

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformSecurity token trading platform Tzero, a subsidiary of Overstock, has secured a patent for a platform that allows integration between traditional trading systems and digital asset exchanges. Tzero’s Crypto Integration Platform is designed to serve as an interface between the two types of systems.

According to the filing, the platform can host initial public offerings (IPOs) and offerings of securities registered with the U.S. Securities and Exchange Commission (SEC). It is also intended to be used to trade these securities in secondary market transactions.

The “digital transactional items” mentioned in the patent represent tokens, securities, digital assets, digital shares, and cash equivalents. When receiving an order, the platform is expected to verify the availability and determine the best market price of the digital asset before a transaction is made.

Online retail giant Overstock is a crypto-friendly company. Recently it announced it will cover part of its tax obligations to the U.S. state of Ohio using bitcoin. Ohio’s new payment portal, which was launched a couple of months ago, allows businesses to pay their taxes with bitcoin core (BTC) and bitcoin cash (BCH) via Bitpay.

Morgan Creek Founder Wants Crypto for His Lambo

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformJason Williams, co-founder of Morgan Creek Digital Assets, recently tweeted that he is about “to do something that has never been done in crypto.” According to the post, Williams’s Lamborghini is up for sale and the owner wants to buy cryptocurrency with the money he gets for the car. “Offers in BTC accepted,” the entrepreneur noted as well.

Williams has received a lot of comments and even offers for the Lambo. According to Monero’s lead developer Riccardo Spagni, the sale is a good move. “Huracans are awful investments. Unless it’s a Performante, then there’s a limited audience in the future. But seriously, better to get rid of it,” Spagni wrote. “Too many cars. Not enough BTC honestly,” Jason Williams said in response.

Brazilians on the Lookout for Vaults to Store Bitcoin

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformSafe storage should be a priority for any investor in possession of large amounts of digital cash. According to the local press, many Brazilians don’t feel that hard wallets and secure passwords provide enough protection. Local companies manufacturing and building physical vaults have registered a growing demand for their services from cryptocurrency owners, which has actually revived the industry.

The Folha de São Paulo news outlet recently reported that some of the safes are part of quite sophisticated security systems. They are often installed behind reinforced armored doors and come with advanced features for biometric authorization such as palm scanners that can identify up to 5 million points on the hand of a person who’s trying to open the vault.

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


Images courtesy of Shutterstock, Jason Williams (Twitter).


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration Platform appeared first on Bitcoin News.

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The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses

January 2, 2019 |

The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses

Last October, Bitcoin Cash (BCH) proponent and developer, Jonathan Silverblood, told the BCH community about a new identification system he developed that ties a custom human-readable alias to a bitcoin cash address. Silverblood has launched a beta version of the platform Cashaccount.info so visitors can test out the platform’s functionality and give the developer feedback. On the 10-year anniversary of the Bitcoin Genesis block, all beta account names will be invalid when the system finalizes on January 3rd.

Also Read: How Institutional Investors Are Changing the Cryptocurrency Market

Bitcoin Cash-Powered Human Readable Account Names You Can Share in Conversation

Bitcoin Cash proponents can experiment with a new BCH-powered alias-address system called Cashaccount.info. News.Bitcoin.com reported on the initial development of the BCH name system that allows for human-readable account names tied to the keys of a BCH address. The protocol is open source and uses an OP_Return transaction when the name is broadcast and confirmed on the BCH network. Silverblood’s Cash Accounts code and specifications can be found on Gitlab if a user wants to review how naming the process works.

The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses

“The Bitcoin address system based on hashing data creates complex and difficult to share identifiers,” explains Silverblood’s motivation behind creating Cash Accounts on Gitlab. “While these identifiers have proper checksums and misspellings are rare, they are still very cumbersome to transfer over the telephone, in a regular chat or similar — Many attempts have been made to obfuscate the addresses by transferring them as QR codes or NFC tags, but the need for a human-accessible format remains.”

The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses
Registering the name “Posternut 3451” on the Cash Accounts platform.

Experimenting With a Cash Accounts Name System Until January 3rd

News.Bitcoin.com tested the Cash Accounts platform by registering a temporary name using the beta version. Everything is fairly straightforward as you simply type your alias and tether the name to a public BCH address. After that, the user presses a button that says “Create Register Transaction,” which then gives the registrant a protocol number, account name, and payment data.

The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses
You can look up the OP_Return transaction’s hash on any Bitcoin Cash block explorer.

Pressing the “Broadcast Register Transaction” will then broadcast the information to the Bitcoin Cash network so miners can include the transaction in a block. The registrant will have to wait for the transaction to confirm in order to “Lookup” the name they just created. The process only took news.Bitcoin.com about 2 minutes to register and then waiting a few more minutes for the name “Posternut #3451” to be registered in a block.

The Cashaccount.info Platform Tethers Names to Bitcoin Cash Addresses
All the registered Cash Accounts on the platform including news.Bitcoin.com’s “Posternut 3451” handle.

The Cash Accounts concept could do well if a lot of users registered for usernames or aliases, but the protocol would also work more smoothly with a lot of infrastructure behind it. At the moment the Cashaccount.info website displays all the bitcoin cash supporting wallets the developer has reached out to for client compatibility. Wallets include BRD, Edge, Bitcoin.com, Electron Cash, Copay, Stash, Ledger and more. Some wallet providers have responded back and Silverblood has initiated pull requests for other clients.

What do you think about the Cashaccount.info concept? Let us know what you think about this platform in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned software/company/organization or any of its affiliates or services/products. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Images via Shutterstock, Bitcoin.com’s BCH Block Explorer, and Cashaccount.info


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The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform Announced

December 26, 2018 |

The Daily: Mimblewimble Coins, New Remittance Platform, Restructuring Giants

With the New Year around the corner, startups as well as established players in the cryptocurrency industry have announced plans for new products and services. In The Daily today we cover the upcoming premieres of two Mimblewimble-based coins, the planned launch of a low-fee, crypto-based remittance service in Asia, and the intentions of two leading Chinese crypto companies to focus on core business activities.

Also read: BTCP Bug Exploited by ‘Bad Actor’, Binance Lists New Pairs

Customizable Privacy Coins Coming Soon

The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform AnnouncedTwo crypto projects using Mimblewimble, a protocol designed to increase privacy and scalability, have announced the upcoming premieres of their new coins. The Mimblewimble concept was introduced back in 2016 and is now ready to be implemented at the beginning of 2019. Challenges during the development of the two cryptocurrencies have postponed both launches.

A startup called Beam is preparing to issue what has been described as the first Mimblewimble-based cryptocurrency on Jan. 3, after earlier reports that it would go live by the end of this month. Beam has been developed as a privacy-oriented crypto, but according to its creators it will be highly customizable, unlike other offerings in that niche.

“Lack of transaction confidentiality and poor scalability are some of the major issues that hinder crypto adoption,” Beam’s CEO Alexander Zaidelson told Distributed. The company will offer users the ability to set the privacy level for their transactions so that they can still report them to tax authorities, for example.

Another blockchain project based on the Mimblewimble protocol, Grin, was announced even earlier than Beam. However, its coin is now scheduled to launch on Jan. 15, 2019, to become the second Mimblewimble-based cryptocurrency.

Remittance Platform to Use Crypto Conversion

Atom Solutions, a Japan-based fintech company, is planning to launch its new remittance service on March 1, 2019. The platform uses a crypto wallet system that provides an alternative to traditional channels such as those based on the banking network Swift, which can be quite expensive and in some cases very slow.

The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform Announced

Initially, the service will be available to users who want to send money between South Korea and the Philippines. However, the Japanese startup plans to expand the coverage to include at least 10 countries by the end of next year.

Atom Solutions promises low exchange rates and fees for fiat transfers thanks to using cryptocurrency conversion, but also addresses the issue with volatility that concerns crypto remittances by providing fast exchange through its wallet. The company has developed a system that quickly exchanges the fiat amount a user wants to send into cryptocurrency and then again into local fiat for the receiver.

Chinese Crypto Giants Focus on Core Businesses

The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform AnnouncedTwo leading cryptocurrency companies with Chinese roots have announced plans to optimize their operations and focus on core business activities. The news comes at the end of a bearish year that saw digital asset markets losing billions of dollars in capitalization compared to the all-time highs of late 2017.

Bitmain Technology, the world’s leading producer of bitcoin mining equipment, has confirmed recent reports regarding planned job cuts that first spread on Chinese social media. In a statement quoted by the South China Morning Post, the Beijing-based company said it’s undergoing “some adjustment to our staff this year.” Emphasizing that it’s continuing to build a sustainable business, Bitmain denied rumors that it will lay off half of its employees. The company explained:

A part of that is having to really focus on things that are core to that mission and not things that are auxiliary. As we move into the new year, we will continue to double down on hiring the best talent from a diverse range of backgrounds.

In a similar announcement, the operator of Huobi, currently the third largest crypto exchange by daily trading volume, said it’s working to optimize staffing. The Chinese Huobi Group intends to do so by laying off its “worst-performing employees.” A spokesperson for the company noted however that the Singapore-based exchange is still hiring people for its core businesses and emerging markets.

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


Images courtesy of Shutterstock, Beam, Atom Solutions.


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The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched

December 17, 2018 |

The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched

In The Daily on Monday, a new digital coin project targeting the ‘Yellow Vest’ protesters is promising censorship-free crypto transactions. Also, a regulated security token trading platform is now live in the U.S., South Korean internet giant Kakao invests in an Israeli startup, and crypto exchange Abra is giving away bitcoins for Christmas.

Also read: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins

‘Get Your Freedom Back!’

A new digital token project using symbols associated with the Yellow Vests (Gilets Jaunes) protestors in France has been devised. The creators of the Gilet Jaune Coin (GJCO) claim their main goal is to support what has become an international movement “in the legitimate struggle of nations to self-determination, and the reconquest of their economic, territorial, and monetary sovereignty.”

The coin’s website is littered with slogans such as “Get your freedom back,” “Long live the Gilets Jaunes” and “The people will not be sacrificed on the altar of debt!” It also abounds in promises and calls like “We will be listed on exchanges soon,” “To stay united, you should mine on our own pool” and “We invite you to buy a Gilet Jaune Coin wallet.”

The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched

The project’s team claims the coin is inspired by Bitcoin and based on Ethereum, and insists GJCO is easy to use and “perfect for transactions… at ridiculously low costs.” The developers of the new crypto further assure the public that the Gilet Jaune Coin is censorship-free and fraud-resistant, stating that its use is “recommended during the fight against the banking oligarchy, seeking to enslave us!”

It’s unclear whether the digital coin is actually related to the Yellow Vests Movement. The social media links on its website do not lead to real accounts, but coin’s Telegram channel now has over 90 members. The Mouvement des Gilets Jaunes demonstrations, which started as a protest against increased fuel prices in France this past November, have spilled over to other EU countries and even Turkey and Iraq. Protesters have also raised a number of demands related to socio-economic problems such as low incomes and government corruption.

Regulated Security Token Trading Platform Now Live

The Daily: Yellow Vest Coin Created, Security Token Trading Platform LaunchedOpen Finance Network (OFN), a security token trading platform regulated in the U.S., announced it’s transitioning from beta to full trading functionality. According to a blog post on Medium, one of the security tokens available to trade at launch is Blockchain Capital (BCAP). Blockchain Capital is a tokenized venture capital fund focused on digital assets. OFN notes that this is a compliant security token offering.

The platform is now available to both accredited and non-accredited investors in the United States and other markets. It implements a one-time verification procedure through an application called Investor Passport that allows users to invest based on their eligibility. Open Finance Network has also developed its own security token standard called the Smart Securities Standard in order to be able to offer both token issuance and secondary market trading.

Kakao Invests in Israeli Startup Orbs

South Korean Internet giant Kakao Corp. has invested in the Israeli crypto startup Orbs through its venture arm, Kakao Investment, Reuters reported. Kakao, which is South Korea’s largest messaging app operator, announced earlier this year its plans to establish a unit focused on blockchain technology. Orbs, which did not disclose the size of the investment, said the funds will help it grow and build on its existing partnership with the Kakao blockchain subsidiary Ground X. The two companies are already working together to develop applications of crypto technology.

Abra Giving Away Bitcoins for Christmas

The Daily: Yellow Vest Coin Created, Security Token Trading Platform LaunchedDigital asset exchange and crypto wallet provider Abra has decided to cheer up crypto enthusiasts during the bear market with a Christmas promotion. The platform is now giving away $ 25 of BTC to new investors for its ETF-style token called Bit 10. To be eligible for the crypto cashback, however, users have to buy at least $ 1,000 worth of tokens before the end of this month. And there’s another catch, according to The Next Web – Bit 10 is a market tracking index token that can be purchased and sold only through the Abra app. The token tracks the top 10 cryptocurrencies each month, which means its value will only go up in a bull market, but may struggle in the current one.

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


Images courtesy of Shutterstock, Gilet Jaune Coin.


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Digital Currency Platform Revolut Receives European Banking License

December 13, 2018 |

On Thursday, Dec. 13, digital payments platform Revolut announced that the company has been approved for a banking license in Europe by the region’s central bank. According to Revolut, the license will help it provide better access to digital currencies and also offer traditional banking services.

Also read: Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’

License Approved by the European Central Bank

Digital Currency Platform Revolut Receives European Banking LicenseRevolut is a UK-based digital currency company that allows people to purchase, sell, and store cryptocurrencies like bitcoin cash, ripple, ethereum, and others. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut has raised $ 336 million since its inception. On Dec. 13 the team revealed it was approved by the European Central Bank for a banking license that allows the company to provide more financial services to customers. Revolut has explained that at first everything will be done “behind the scenes” so that the company will eventually be able to offer full current accounts, overdrafts, and other traditional financial services.

“If you choose to open a full current account with Revolut Bank in the future, any funds you deposit will be protected up to €100,000 under the European Deposit Insurance Scheme (EDIS),” Revolut’s blog announcement detailed.

Digital Currency Platform Revolut Receives European Banking License

Revolut Plans to Roll Out Overdraft Features and Personal Loans

Additionally, the Revolut team says customers will have access to overdraft facilities and this means users won’t have to worry about ‘insufficient funds’ notifications, automatic top-ups, and negative balances.

The company further emphasized:

The competitive personal loans we plan to offer will help out when your budget can’t cover a bigger purchase when you want to book that long-overdue holiday, or for anything else that requires a small cash injection before your next payday.

Digital Currency Platform Revolut Receives European Banking LicenseRevolut says it will start to experiment with the license in 2019 in Lithuania and hopes it can expand the services to other European regions after the testing. Furthermore, the license will give it the opportunity to provide U.K. direct debit payments. The British-based company also says that it is currently constructing its in-house payment processor. Revolut hopes to implement everything involved with the newly approved banking license over the next 18 months. According to the digital currency payment platform’s website, Revolut will additionally roll out services in the U.S. in the near future.

What do you think about the Revolut platform getting approved for a banking license in Europe? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Revolut, and Pixabay. 


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Japanese Exchange Bitpoint Launches Trading Platform in Panama

December 13, 2018 |

On Wednesday Dec. 12, Japanese cryptocurrency exchange Bitpoint announced the launch of a crypto-to-fiat trading platform in Panama. The regulatory-compliant exchange will offer USD pairs with top cryptocurrencies like bitcoin cash, ethereum, bitcoin core, litecoin, and ripple.

Also read: BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol

Bitpoint Japan Expands to Latin America

Japanese Exchange Bitpoint Launches Trading Platform in PanamaBitpoint is a licensed cryptocurrency exchange operator headquartered in Tokyo that has just announced the company’s first international expansion in Latin America. It already operates trading platforms in five Asian countries and the latest exchange is called Bitpoint Panama. The Japanese firm has detailed that citizens of Panama as well as corporate entities within the region can use the exchange. Meanwhile, Bitpoint will utilize Panama ACH bank wires for fiat deposits and withdrawals for verified users.      

“We are proud to announce our market entry in Panama — The formalization of the crypto asset trading sector together with local authorities is a key milestone for its sustainable development,” explained Genki Oda, president of Bitpoint Japan during the announcement.

The senior executive added:  

In Panama we will employ our knowledge and standards to the satisfaction and tranquility of the local banking industry whom we regard as our partners.

Japanese Exchange Bitpoint Launches Trading Platform in Panama

Regional Regulations Will Be Respected

Bitpoint has detailed that verified users will be able to trade bitcoin core (BTC), ethereum (ETH), bitcoin cash (BCH), ripple (XRP) and litecoin (LTC) against the USD. Additionally, the Panama operation developed by Bitpoint promises “deep liquidity for speedy clearing.” The trading platform is AML/KYC compliant and users can register for a personal or a corporate account. Unlike most exchanges that use a Zendesk-like customer service platform, Bitpoint has a phone number available and customers can speak with agents directly.

Japanese Exchange Bitpoint Launches Trading Platform in Panama

Cryptocurrencies in Panama are still not fully regulated but Bitpoint emphasizes on its website that it is “a regulated company in Japan and operates by good practices under the same standards in Panama.” The Japanese firm further details that just like the other trading platforms under its wing, Bitpoint Panama will utilize multi-signature correspondence techniques and an “anti-hacking system that detects hackers and prevents hacks in real time.” Julian Geovo, operations director for Bitpoint Panama, has explained that the team plans to also bolster mainstream digital currency acceptance in the South American region.

“An interesting and safe option for cryptocurrency customers in Panama has been created — adopting the best operational practices from Bitpoint Japan allows us to offer a path for mainstream crypto education and adoption, whilst maintaining the tranquility of all stakeholders in the sector,” Geovo added.

What do you think about Bitpoint’s new exchange in Panama? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Bitpoint Japan, Pixabay, and Bitpoint Panama.


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