UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

The UK-based cryptocurrency futures exchange, Crypto Facilities, has announced the launch of the first Bitcoin Cash – Dollar (BCH/USD) futures. Crypto Facilities is regulated by the U.K. Financial Conduct Authority (FCA) and the new BCH futures products will join the firm’s other crypto-based contracts at 4 pm UK time on Friday, August 17th.

Also read: Handcash Launches Pop — A New BCH Point-of-Sale Companion Application

Crypto Facilities Bitcoin Cash Futures to Help Spur the Evolution of Cryptocurrency Markets

Bitcoin Cash proponents were excited to hear about a new futures market offered by the regulated UK firm Crypto Facilities. Bitcoin Cash – Dollar (BCH/USD) futures will be added to Crypto Facilities’ lineup of bitcoin core (BTC), ripple (XRP), litecoin (LTC), and ethereum (ETH) contracts.

“We are pleased to be expanding our cryptocurrency derivatives offering with the launch of Bitcoin Cash futures,” Timo Schlaefer, CEO of Crypto Facilities told news.Bitcoin.com.

BCH is a top five coin with a market capitalisation of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class.  

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

A Proper BCH Hedging Mechanism at an FCA-Registered Exchange

Crypto Facilities says the new products will allow individuals and institutions the ability to invest in BCH futures in a regulated, transparent and secure trading environment. The Bitcoin Cash-Dollar futures contracts will allow long and short positions giving investors the capability to manage risks and rewards in a different fashion. Bert Mouler, CEO of Profluent Group, says there’s been demand for a BCH derivatives product and is thrilled to see Crypto Facilities take the initiative.

“Profluent Japan welcomes the opportunity to make markets in BCH derivatives on the Crypto Facilities platform,” Mouler explains during the Crypto Facilities BCH product announcement.

The institutional trading community was in great need of a proper BCH hedging mechanism at an FCA-registered exchange with a first class management team.  Crypto Facilities is the first to provide such a service.  

In addition to the cryptocurrency derivatives offered, Crypto Facilities also provides CME Group with the Bitcoin Reference Rate alongside the Ether-Dollar Reference Rate and Real-Time Index. There is another exchange that offers BCH/USD futures but over the years there have been lots of discrepancies with the trading platform’s trade volumes and market data. The BCH futures product offered by Crypto Facilities will be the first bitcoin cash derivatives against the USD that’s regulated by the UK’s FCA.

What do you think about Crypto Facilities launching a Bitcoin Cash futures product? Let us know what you think in the comment section below.


Images via Shutterstock, and Crypto Facilities Logo. 


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Handcash Launches Pop — A New BCH Point-of-Sale Companion Application

Handcash Launches Pop — A New BCH Point-of-Sale Companion Application

This week the developers of the NFC-enabled Bitcoin Cash (BCH) wallet, Handcash, have announced the launch of a new companion application called ‘Handcash Pop.’ The Pop platform provides Handcash users with a point-of-sale (PoS) platform that is tethered to their wallet’s handle so merchants can easily make payment requests for bitcoin cash.

Also read: Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

Start Accepting Bitcoin Cash With the Handcash Pop Application

This past February news.Bitcoin.com reported on the BCH wallet called Handcash which launched its beta client for Android mobile phones. Since then the project has seen a lot of development, a revamped user interface, and this past May the blockchain research and development firm, Nchain, announced the acquisition of a majority stake in Handcash. The Handcash development team plans to release the wallet’s iOS version this month and prior to the launch, the organization has revealed a PoS application called Pop.        

“Pop is a lightweight point of sale companion app to Handcash that allows you to create payment requests for your store or pub,” the development team explains.

With a fast setup, no subscriptions and fraud detection systems, there are no excuses not to start accepting Bitcoin Cash and put your business on the map.

Handcash Launches Pop — A New BCH Point-of-Sale Companion Application
Handcash and the Pop application are compatible and they allow Bitcoin Cash-powered Near Field Communication (NFC) payments.

Handcash and Pop Enables Bitcoin Cash NFC Payments 

Pop also uses Near Field Communication (NFC) payments as long as the transaction stems from a Handcash wallet. If another wallet is used, the application is compatible with most Bitcoin Cash wallets by utilizing QR code payment requests. Additionally Pop has live fraud protection like the Handcash wallet, and no funds are stored on the device. All funds go directly to a designated Handcash username.

Handcash Launches Pop — A New BCH Point-of-Sale Companion Application
Tethering our Handcash handle to the Pop application.

News.Bitcoin.com took a few minutes to test the Pop application. It was fairly intuitive and pretty easy to set up a PoS terminal on our Samsung Galaxy tablet. We simply tethered the Pop platform to a username ‘$Posternut,’ and named our store (Posternut’s Emporium). The application is also protected by a 4-digit PIN in order to utilize the request page and other Pop features. The whole process took less than five minutes to set up and anyone can install Pop on any Android device in order to have their own Bitcoin Cash-powered PoS system.

What do you think about the Bitcoin Cash-centric point-of-sale application Handcash Pop? Let us know what you think about the Pop platform in the comment section below.  


Images via Shutterstock, Handcash, and Pop.


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PR: Vaultbank Partners with Kingdom Trust for Qualified Custodial Services for Crypto Assets

Vaultbank Partners with Kingdom Trust for Qualified Custodial Services for Crypto Assets

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Vaultbank has partnered with Kingdom Trust to provide a qualified custodial solution for digital assets. Vaultbank has built a digital asset platform allowing for the tokenization of real assets and financial instruments. The Kingdom Trust-Vaultbank partnership allows our customers to have institutional grade custody and reporting.

Kingdom Trust brings its expertise in custodial services to the Vaultbank platform with end-to-end capability to secure digital currencies with the highest levels of transparency, accountability and compliance.

Matt Jennings, Kingdom Trust’s Chief Executive Officer states, “Kingdom Trust’s relationship with Vaultbank will catapult our custody platform for digital assets giving investors access to regulated qualified custody solutions for digital currencies and tokenized securities thru one streamlined platform.”
The Vaultbank Platform is currently in beta testing, and a tiered global rollout is scheduled to begin in the third quarter of 2018. Prospective users are invited to join the waitlist on Vaultbank’s homepage at www.vaultbank.io.

Aaron Travis, Vaultbank’s Chief Operating Officer states, “By partnering with Kingdom Trust we have created a cryptocurrency exchange with a secure, compliant, and innovative custody solution that will safeguard our user’s assets and further distinguish Vaultbank and Kingdom Trust as leaders in building a regulatory compliant ecosystem for tokenizing securities.”

Vaultbank has been working with regulatory agencies and other governmental bodies to acquire necessary licenses and comply with strict requirements in jurisdictions all over the world.

ABOUT VAULTBANK

Vaultbank is a FinTech company innovating the convergence of two worlds – traditional investments and digital assets. Vaultbank utilizes blockchain technology to create, issue and trade financial instruments through a single platform. By providing the next generation suite of financial services, Vaultbank will allow for the buying, selling, and spending of cryptocurrencies, tokenized securities, and traditional equities on web-based and mobile platforms.

For more information visit: https://vaultbank.io

The Vaultbank Platform

The Vaultbank Platform intends to be one of the first platforms to compliantly facilitate the global trading of both utility and security tokens. Vaultbank has been working with regulatory agencies and other governmental bodies to acquire necessary licenses and comply with strict KYC/AML, FATCA and accreditation requirements in jurisdictions all over the world.

The VB Token

Vaultbank intends to generate profits and distribute dividends to VB Token holders. The VB Tokens represent partial ownership stakes in Vaultbank and its VB Fund and are backed by non-voting shares of Vaultbank held in equitable trust.

The Vaultbank Board of Directors

The Vaultbank Board of Directors includes former BlackRock CIO Ken Kroner, Founder Austin Trombley, former Third Point Capital Partner Keri Findley, former MasterCard Head of Digital Commerce (MEA) Aaron Oliver, and Gyft co-founder CJ MacDonald.

MEDIA CONTACT: John Nahas, john.nahas@vaultbank.io , +1-818-438-9707

Disclaimer: Vaultbank refers to a group of companies that includes Vaultbanc Ltd., a Singapore public company limited by shares, and certain of its affiliates. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. Some of the statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include those relating to our expectations, estimates and intentions regarding our business and our industry, and are generally identified by the words “expects,” “intends,” “anticipates,” believes,” “plans,” “will be” and similar expressions. Readers are cautioned that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond our control. Other than as required by law, Vaultbank does not undertake any obligation to update or revise any forward-looking statements. Vaultbank is not a bank as defined under the Banking Act of 1933 or any other applicable law in the United States, Singapore or elsewhere.

Contact Email Address
alina.jais@vaultbank.io

Supporting Link
https://vaultbank.io/

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.

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Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

The cryptocurrency investor Michael Terpin is suing the large telecom firm AT&T because his mobile phone was compromised by hackers who stole $24M USD worth of digital assets. Terpin says he was hacked twice in less than a year and employees at AT&T participated in a SIM swap fraud.

Also read: Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash

$24 Million in Digital Assets Stolen: Michael Terpin Blames AT&T

Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack
Michael Terpin

Michael Terpin the co-founder of Bitangels says he lost close to $24 million in cryptocurrencies, and he’s blaming the giant communications company AT&T. The 69-page lawsuit filed by the LA-based law firm Greenberg Glusker details that Terpin believes AT&T employees were involved in a SIM swap fraud which cost him the loss of a large number of digital assets. Major telecom services like AT&T, Verizon, and T-Mobile have all been accused of PIN and SIM swap fraud alongside alleged data breaches. According to Terpin an “insider” from AT&T cooperated with a malicious hacker.

“What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner,” the complaint reads.

According to an email statement,  AT&T says they “dispute the allegations” and they “look forward to presenting their case in court.”

Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

Failure to Adhere to Privacy Commitments

Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency HackNot only does Terpin want his $24 million back but the investor also wants $200M in punitive damages. Terpin says within pages of the lawsuit that AT&T’s personnel have been accused of SIM swapping fraud in “numerous incidents.” Even though AT&T denies any wrongdoing in this specific case the telecom firm has had a lot of complaints about SIM swap transgressions in the past.

For instance, the New York State Division of Consumer Protection has issued a warning specifically about an “AT&T SIM-card switch scam.” On July 18, 2018, authorities arrested a man from Florida who was allegedly in charge of a giant “multi-state cyber fraud ring” that stole hundreds of thousands of dollars worth of cryptocurrencies. Police say they first heard about the SIM-card gang when a Mom from Michigan caught her son on the phone pretending to be an AT&T employee.

Terpin emphasizes in the complaint that he lost millions because, “AT&T’s willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy.”

What do you think about Michael Terpin suing AT&T for $224M? Let us know your thoughts on this subject in the comment section below.


Images via Pixabay, Shutterstock, and Twitter. 


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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers

Venezuela Launches “Petros” Cryptocurrency Amid Growing Skepticism

Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. The government is also developing a new salary system that will allow employees to receive their wages in petro funds over fiat.

“As of next Monday, Venezuela will have a second accounting unit based on the price and value of the petro. It will be a second accounting unit of the republic and will begin operations as a mandatory accounting unit of our PDVSA oil industry,” Maduro announced.

The petro was introduced through a pre-sale back in February of 2018 as a means to attract foreign capital to boost the Venezuelan economy and circumvent both EU and U.S. sanctions. It was designed to shore up an economy in shambles, as the bolivar has been struck with rampant hyperinflation over the past year.

From the very beginning, the currency aroused controversy both in and out of Venezuela. Many in the National Assembly publicly claimed that the currency was potentially illegal and that its white paper lacked sufficient details or offered unscrupulous arguments for its creation. Concerns further arose in the U.S., which led to President Trump’s subsequent petro-trading ban in March of 2018.

Some arguments in favor of the cryptocurrency state that the petro makes paying taxes and settlements with state bodies less expensive and that the currency can be easily — and quickly — converted into USD.

Regardless, cryptocurrency is often viewed as an economically liberating tool in the everyday Venezuelan’s struggle to survive. Bitcoin Magazine recently chronicled the struggles of a Venezuelan resident under the alias Hector, who received a donation of roughly 0.5 nano. Though worth less than $2 in USD, the funds were the beginning of what would become a growing account for Hector, who later garnered approximately $950 worth of the cryptocurrency. He is now able to provide his family with food and other supplies once thought unobtainable on a regular basis.

“My dad gave me a huge hug because it was a relief for all of us,” he states. “We are five in our house; four of us are adults, and we work in different areas. Every month, when we get paid, our salaries weren’t enough to buy basic supplies or even food. We were almost running out of food some days ago. It was common for that to happen every six or seven days after getting paid.”

Venezuela’s national currency, the bolivar, ranks high on the “worthless” meter as of late. Maduro believes the new salary system will stabilize wages and offer consumers stronger buying power, which could bear positive repercussions on the country’s ailing economy.

“By 2020, the nation will be able to recover economic and social stability and prosperity,” he announces. “We are building a new revolutionary and humanist economic thought with a new strategic economy for a new economic model. On August 20, a new era will begin. In real time, Venezuelans will know the price of the sovereign bolivar and the petro, made public by the central bank. Also, detailed explanations of the salary system and the prices based on the petro will be forthcoming on August 20. Speculation has ended!” he stated in a speech announcing the cryptocurrency.


This article originally appeared on Bitcoin Magazine.

Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading

Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading

The Jamaica Stock Exchange (JSE) has announced it plans to allow investors the ability to trade cryptocurrencies through the regulated stock exchange. According to the JSE, the Canadian-based Blockstation will help facilitate the crypto-trading services.

Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Jamaica Stock Exchange Plans to Facilitate Crypto-Asset Trades in 2018

Jamaica Stock Exchange Plans to Offer Cryptocurrency TradingThe Jamaica Stock Exchange is interested in offering its clientele the ability to invest in digital assets. The JSE announced on Tuesday that the organization is partnering with the company Blockstation by signing a memorandum of understanding (MoU). The MoU states the two firms will enable JSE customers the ability to trade blockchain tokens within a secure and regulatory framework. JSE says that Blockstation’s network is well suited for managing digital currency trades, and the clearing and settlement of blockchain tokens.

Satisfying Considerable Investor Interest in Digital Assets

The two organizations believe the agreement will be a milestone as it could become the first international stock exchanges that will allow cryptocurrency trades. At the moment only digital currency futures, options, and exchange-traded notes are traded in a regulated stock exchange type of environment. JSE has been working with Blockstation by completing tests and hosting a successful live workshop with brokerage members and local regulators.

“We are excited to implement this service with our clients, satisfying considerable investor interest in digital assets. We are also proud to be at the forefront of bringing innovation to capital markets,” explains Marlene Street Forrest, the Managing Director of the JSE.

We are very comfortable moving forward based on the training and support provided by Blockstation, and because their trading platform incorporates familiar compliance rules to ensure a fair marketplace.

Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading

The Importance of Offering Digital Assets Through Regulated Financial Institutions

Since the JSE launched its principal stock exchange in Kingston, Jamaica the organization has seen a lot of development. To accommodate growth the JSE launched its online trading platform in 2015, which at the time was the first of its kind within the Caribbean, enabling clients to view market performance, and buy and sell securities. A broker member of the JSE from the firm Sagicor Investments, Kirk Brown, says the JSE decision to offer digital currency trading is paramount for the growth of this budding tech-driven economy.         

“It is very important for investors to be able to invest in digital assets through their traditional financial institutions,” Brown emphasizes.

It’s exciting to be at the cutting edge where digital currency demand meets safe reliable access.

What do you think about the Jamaica Stock Exchange planning to offer digital currency trading services? Let us know your thoughts on this subject in the comment section below.


Images courtesy of Shutterstock, and Pixabay.


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Markets Update: Bloody Crypto-Markets Suffer More Losses

Markets Update: Bloody Crypto-Markets Suffer More Losses

Leading up until this Tuesday a great majority of cryptocurrency markets have lost considerable value over the past few days. Since our last markets update this past Saturday, the overall cryptocurrency capitalization as a whole has dropped significantly by losing $20 billion USD. All eyes will surely be fixed on digital asset charts this week as there’s been a plague of bearish market sentiment cast over the entire crypto-economy.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip 

There’s Blood in the Crypto-Streets

When it comes to cryptocurrency markets today on August 14, there’s an awful lot of ‘blood in the streets.’ During yesterday’s trading sessions, the entire cryptocurrency economy dropped under the sub-$200B zone and today the valuation is hovering around $195-199B. This is due to the extreme losses many digital currencies have suffered through over the past three days. A great majority of coins are seeing losses between 3-25 percent today as many assets have touched their previous bottoms or lower. Overall trade volume this Tuesday has increased, likely because prices are so low right now, and over the last 24-hours around $15.9B cryptocurrencies have been traded.

Markets Update: Bloody Crypto-Markets Suffer More Losses
The top ten digital assets today on August 14, 2018, at 10 am EDT.

Bitcoin core (BTC) has been able to dodge a lot of the downward blows as the currency has lost a lot less percentage wise than most other coins. This has led to BTC dominance or its market capitalization measured in comparison with the entire crypto-economy valuation to spike upwards of over 54 percent. Out of the top ten digital assets, cardano (ADA) has taken the biggest blow and has sunk to the 8th highest position because it lost over 16.8 percent in value over the last 24-hours. The price of ADA has dipped to around $0.09 per coin at the time of publication.

Markets Update: Bloody Crypto-Markets Suffer More Losses
Out of the top ten digital assets, cardano (ADA) has lost the most over the last 48-hours.

This is followed by the second biggest top ten loss with ethereum (ETH) seeing its market value lose 16.1 percent today with one ETH trading for $268. The third largest top ten loss today belongs to EOS as its markets are down 13.7 percent with one EOS trading for $4.44 per coin.

Bitcoin Core Market Action

Bitcoin core markets are down 3.94 percent today, and the cryptocurrency has been fighting to hold above $6,050-$6,175 per coin over the last day. Last night the BTC/USD price dropped to $5,880 coming awfully close to the currency’s assumed bottom at $5,774. Today BTC trade volume over the last day has been fairly decent at $5.5B and the currency’s entire market valuation is about $106B at press time.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The top five exchanges swapping the most BTC includes Bitflyer, Okex, Bitfinex, Binance, and Coinbene. The trading pairs seeing the most swaps today with BTC includes tether (USDT 50.2%), USD (26.5%), JPY (11.3%), EUR (4.7%), KRW (2.4%) and bitcoin cash (BCH 1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BTC/USD 4-H, August 14, 2018, 10 am EDT Coinbase.

Bitcoin Cash (BCH) Market Action

Bitcoin cash markets have seen a 24-hour loss of around 15 percent today and the currency’s market capitalization is around $8.5B. At the moment bitcoin cash is trying to stay above $490-515 at the time of writing but bulls have been struggling. Last night BCH dipped to a low of $472 on Bitstamp, but trade volume had spiked over $400M+ pushing the price back up after the drop.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The five leading bitcoin cash exchanges today include Coinex, Okex, Binance, Hitbtc, and Bitfinex. The currencies that are currently being traded with bitcoin cash the most includes tether (USDT 49.1%), BTC (27%), USD (13.1%), QC (2.83%), ETH (2.79%), and the KRW (1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BCH/USD 4-H, August 14, 2018, 10 am EDT Bitfinex.

The Verdict: Volatile Markets and Heavy Losses Increase Uncertainty

Digital asset markets have been wild over the past few weeks and many traders seem uncertain about where the ‘good-ship-crypto’ will go from here. 2017 was an exceptional year and the past seven months of 2018 has been literally the exact opposite as far as cryptocurrency values are concerned. The cryptocurrency economy as a whole has lost considerable value which in turn is brewing deep skepticism towards the future of certain crypto-markets. For now, most traders remain uncertain of where things will go and many are praying they played their positions correctly in hopes they don’t get squeezed. At the moment digital asset prices are starting to see a slight recovery after the significant losses last night. 

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


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Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and Posts

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and Posts

Financial software developer Intuit has been awarded a patent for processing BTC payments via SMS and we’ve covered the details in today’s edition of Bitcoin in Brief. Also in The Daily, Brave browser plans to enable BAT tips for tweets and Reddit posts, cryptocurrency is projected to constitute 5 percent of the portfolios of US investors next year, and in Thailand, a famous actor has been arrested for an alleged crypto investment fraud.

Also read: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

Intuit Awarded Patent for BTC Payments via SMS

California-based company Intuit, a financial software developer, has been awarded a patent for processing bitcoin core (BTC) payments via text messages (SMS), according to a filing published by the US Patent and Trademark Office on August 7. The patent that outlines a system to transfer BTC funds by sending text messages on smartphones was filed back in 2014. According to its abstract:

The method includes receiving, by a payment service, a payment text message comprising a payment amount and an identifier of a payee mobile device, validating the payment text message based on a payer balance of a virtual payer account maintained by the payment service for the payer […] transferring, in response to creating the virtual payee account, the payment amount from the virtual payer account to the virtual payee account […].

Despite the prolonged consideration of the patent application, Intuit has been continuously developing its crypto-cash payment solutions in the meantime. Earlier, the company announced it had reached a partnership agreement with the payment provider Veem to build a system for processing international cryptocurrency payments.

Brave Browser to Enable Tips for Tweets and Posts

Brave, the privacy-oriented web browser that supports opt-in ads and crypto payments between users and website publishers like Twitchers and Youtubers, is now planning to expand its service to Twitter and Reddit. The startup intends to introduce support for the two platforms in the fourth quarter of this year, according to an announcement quoted by CNET.

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and PostsTo take advantage of the tipping system, which uses Brave’s basic attention token (BAT), users have to enable the payments in the browser. Then, if another Brave user decides that a tweet or a post is worth rewarding, they can send a BAT tip. “The model will be tipping – a user likes a tweet and can give BAT to the tweeter, and optionally tweet back that he tipped,” the company explained. The mechanism for Reddit users will be similar.

Brave is essentially trying to redefine how online advertising works. Its browser is blocking ads by default and people’s attention is rewarded with tokens. BAT payments can be made between users, publishers and advertisers. The opt-in system allows anyone who sees a Brave-placed ad to get a portion of the revenue from the advertiser. Brave claims to have more than 20,000 verified publishers and 3.25 million monthly active users who can send and receive BAT tips. The Brave browser project was funded through an Initial Coin Offering (ICO) and launched by Mozilla co-founder Brendan Eich.

Crypto Expected at 5% of US Investments in 2019

Despite declining prices of most cryptocurrencies amidst a continuous bearish trend in crypto markets this year, a new survey has found that digital coins are becoming a permanent part of many investment portfolios in the US, decreasing the dominance of traditional instruments such as stocks, bonds and real estate. The authors of the study have detected a growing desire among US investors to get exposed to cryptos, considered by many to be the next big asset group.

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and PostsThe Harris Poll survey, conducted on behalf of the American Institute of CPAs (AICPA), has established that cryptocurrencies will represent 5 percent of the investments of those 35 percent of Americans that consider themselves investors or plan to invest in 2019. At the same time, Exchange Traded-Funds (ETFs), which have received much attention in the crypto space recently, account for 8 percent of the projected investments.

The study has attempted to assess the knowledge and awareness of cryptocurrencies among active investors in the United States. According to the published results, their levels remain relatively low with almost half of the respondents admitting having little or no understanding of the matter. “Cryptocurrency appears to be foreign to many investors. The survey found that nearly half of U.S. adults (48 percent) are not familiar with Bitcoin, Ethereum, or Litecoin,” the AICPA commented on the findings.

Thai Actor Arrested for Alleged Crypto Investment Fraud

Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and PostsPolice in Thailand have arrested Jiratpisit “Boom” Jaravijit, a famous Thai actor, for his alleged participation in a fraudulent crypto-investment scheme. According to local media reports, he lured a foreign national into investing 797 million baht (~$24 million USD) in digital currency. Mr. Jiratpisit, who was apprehended on Wednesday after the Thai Criminal Court issued an arrest warrant in July, has been also charged with collusion in money-laundering.

The actor is one of seven suspects who allegedly committed the crime, The Bangkok Post reported. Law enforcement officials said they acted after receiving a complaint that the accused had defrauded the foreigner into sending them the money in bitcoin (BTC). The fraudsters assured the person the funds would be used to buy shares in companies that had invested in the Dragon Coin digital currency. The investor, identified as the Finnish national Aarni Otava Saarimaa, met the suspects in June, 2017. The Thai actor has denied the charges.

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


Images courtesy of Shutterstock.


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Bitcoin Cash Acceptance Grows — Dish Network and Flow Partner With Bitpay

Bitcoin Cash Acceptance Grows — Dish Network and Flow Partner With Bitpay

This week Bitcoin Cash (BCH) proponents will be pleased to hear that more merchants can now accept bitcoin cash due to the crypto-payment processing firm Bitpay announcing a few strategic partnerships this week. The first announcement stems from the subscription television channel provider, Dish, who announced on August 9th that BCH is now accepted as a payment option after collaborating with Bitpay. Further Bitpay joined forces with the firm Flow.io and BCH payments can be used with global cross-border e-commerce platform on more than 60 different payment methods across 200 countries.

Also read: Philippines Building Crypto Valley of Asia

Television Network Dish Now Accepts Bitcoin Cash

Bitcoin Cash Acceptance Grows — Dish Network and Flow Partner With BitpayBitcoin cash payments can now be used to pay for television subscription services with the company Dish after the firm announced migrating away from its former payment processor to Bitpay. The partnership allows Dish customers to utilize their bitcoin cash to pay for monthly subscriptions, and pay-per-view movie events. The company says as a push transaction customers must send the exact amount of BCH needed to make a one-time payment. John Swieringa, Dish executive vice president, and the chief operating officer says the reason they adopted BCH is for the same reason they adopted BTC back in 2014.     

“We’ve added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business,” explains Swieringa.

We have a steady volume of customers paying with cryptocurrency each month, and Bitpay will allow us to continue offering more choice and convenience to our customers.

Bitcoin Cash Acceptance Grows — Dish Network and Flow Partner With Bitpay
BCH proponents can use bitcoin cash to pay for monthly subscriptions with Dish and pay-per-view events.

Flow.io Platform Users Can Opt to Accept Bitcoin Cash

Bitcoin Cash Acceptance Grows — Dish Network and Flow Partner With BitpayAnother partnership with Bitpay that also adds more merchant acceptance to the Bitcoin Cash ecosystem is the company’s integration with the cross-border e-commerce platform Flow.io. The Flow business model is expanding its services to allow cryptocurrency payment processing through Bitpay. The collaborative effort enables Bitpay to process BCH transactions in real-time with more than 60 payment methods in over 200 countries on Flow’s application.

“As an addition to Flow’s platform, bitcoin and bitcoin cash are ideal for international e-commerce payments making it easy to buy and sell goods from countries where traditional forms of payment are unavailable,” said Sonny Singh, Chief Commercial Officer at Bitpay.

Of course, BCH enthusiasts are always pleased with more merchant acceptance and added BCH payment infrastructure support. Bitpay’s union with Dish gives BCH fans the ability to pay for cable television services with bitcoin cash. With the Flow.io partnership however it will still be up to the merchant if they want to accept cryptocurrency payments but nevertheless, the option is there for Flow.io customers.

What do you think of the two partnerships with Bitpay allowing more BCH merchant acceptance? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Dish, and Flow.io 


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PR: SoPay App Released, Offering Fast Transactions and SoPay’s Assets Mining (SAM)

SoPay App Released, Offering Fast Transactions and SoPay’s Assets Mining (SAM)

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

SoPay, the blockchain-based payment platform with a disruptive approach to the money market, today announced the achievement of another milestone in its roadmap; the release of the SoPay app. The startup believes that the app is the missing puzzle of mass adoption of the cryptocurrencies.

This development comes quickly in the heels of another milestone that saw SoPay land in three significant exchanges in mid-July 2018. The app became ready for download at 2100 (+8 GMT) from August 6, 2018. Check the official download page.

The official version of the app improves the operating experience of payment products that are based on the blockchain.

User-Friendly Interface and True Use
The SoPay app is clean and concise and allows users to access all the services by just registering with their mobile numbers and a 6-digit password. Also, it is easy to recharge fellow users’ accounts. All a user need is the recipient user’s mobile phone. This new app eliminates the need for elaborate recharge processes such as copying complicated addresses that is the norm in blockchain payment platforms. Most importantly, use of the app attracts zero handling fee.

Users experience the same ease when withdrawing cash. Also, the platform offers a subsidized rate that is considerably lower compared to other peer platforms. SoPay wants to support transactions of different digital assets, enable direct transactions involving digital assets on one side, and goods or services from traditional enterprise on the other side, and assist cross-platform transactions.

Innovative Mining Model
Aside from deposit, locking assets and making payments, SoPay users can create an additional revenue stream by inviting their friends to mine on the platform. The SoPay platform’s deposit lock mining supports both SOP tokens as well as ETH.

Technically, SoPay’s mining model, complete with its invite feature, isn’t a promotion. Instead, it is a strategy that gives users a chance to survive effects of the bear market by generating passive income. For instance, a user that has the app running every day doing payments, transfer or referring friends can earn up to 16.5% of his or her annual returns in mining revenue alone.

Initial Priority in the Gaming Scene
SoPay intends to revolutionize how humankind interacts with and uses cryptocurrencies. However, it is starting with the online gaming industries by providing the involved companies with digital asset payment alternative. Players now have the option of paying for the in-app purchases using digital assets, and all these transactions can be undertaken efficiently from the SoPay app.

The start-up believes that this strategy is the foolproof method of gaining a foothold of the 200 million customers that shall use crypto by 2020.

Some of the games already supported by the SoPay platform include Take the Divide and The Last Three Kingdoms, as well as Grab a doll.

Presently, SoPay has an API, SoAPI that targets game developers. Its user-friendly nature means that developers need not have any deep understanding of the blockchain technology. Instead, all they need is familiarity with the regular internet payment interface.

SoPay estimates that adopting this convenient payment method will save the gaming industry millions of dollars they would have used to develop in-house payment gateways. Already, more than 40 gaming entities have shown interest in working with SoPay, a figure that represents more than 20 million customers from the online gaming sphere.

More information about SoPay:
Official website: https://sopay.org/en
Telegram channel https://t.me/sopay_en

Press Contact Email Address
aditya@inboundment.com

Supporting Link
https://sopay.org/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.

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Need Cold Storage? Check Out Bitcoin.com’s Revamped Paper Wallet Generator

Need Cold Storage? Check Out Bitcoin.com's Revamped Paper Wallet Generator

There are many ways to store bitcoin cash, and while some people use mobile apps, others use hardware wallets to store their digital assets. Then there are those who use one of the oldest methods in the book — the paper wallet. The tried and true paper wallet technique is a convenient way to store bitcoin cash (BCH) offline in a physical manner, with funds still spendable or receivable at any time. At Bitcoin.com we’ve revamped our paper wallet section so our visitors can create a beautiful physical bitcoin cash bill in a matter of minutes.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Bitcoin.com’s Newly Revamped Paper Wallet Generator

Cryptocurrencies have become very popular and people who use digital assets store them in various ways. One of the oldest methods for storing bitcoin cash is the use of a paper wallet, which is basically a piece of paper that holds funds because it contains a printed set of both the private and public key. As long as no one has visible access to the bill’s private key, the paper wallet can be a very secure method of offline storage (cold wallet). At Bitcoin.com we’ve always had a paper wallet generator available, but we’ve recently updated the portal so anyone can easily create a bitcoin cash-loaded bill that can be spent at any time.

Need Cold Storage? Check Out Bitcoin.com's Revamped Paper Wallet Generator

All a person has to do is use our wallet generator to create a bitcoin cash (BCH) private key and print the paper wallet on a secure printer. In order to make the process very secure, we recommend downloading our paper wallet source code and creating the seed using a device that’s not connected to the internet. Simply print out the finished product using our yellow and black design (similar to the anarcho-capitalist flag) and cut the bill out with some scissors. You can go the extra mile and laminate the paper to make the wallet more durable over time. Remember paper can last a while, but it couldn’t hurt to add some extra durability measures if you decide the paper wallets won’t be used for a very long time.

Loadable, Spendable, Open Source, and Stylish

After cutting out the bill, our Bitcoin.com paper wallet designs allow users to fold the private key section over and a piece of tape can be used to seal the private key from view. After performing these steps, the best thing to do next is store the paper wallet in a safe location, and when you are ready to spend the bitcoin cash you can easily sweep the funds into a Bitcoin.com wallet at any time. Just scan the private key QR code with your Bitcoin.com wallet (or other compatible wallets) and the software will sweep up the BCH. Loading the paper wallet is super easy as all an individual has to do is send funds to the public address. You can load the paper wallet with as much funds as you desire at any given time. For instance, you can make $1, $20, $40, $100, and even $1M bearer bonds.

Need Cold Storage? Check Out Bitcoin.com's Revamped Paper Wallet Generator

So if you are looking for a secure and convenient way to store your bitcoin cash then check out our bitcoin cash paper wallet generator. In as little as five minutes you can create a paper wallet and keep the BCH in a safe place that only you have access to. With a little practice you’ll become a BCH bill printing machine, but remember that unlike central bank-issued fiat, there will only ever be 21 million bitcoin cash.

Have you tried our paper wallet generator? Let us know in the comment section below. 


Images via Shutterstock, Pixabay, and Bitcoin.com.


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

 

The post Need Cold Storage? Check Out Bitcoin.com’s Revamped Paper Wallet Generator appeared first on Bitcoin News.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

Markets Update: Bears Claw Billions Off Digital Currency Valuations

Cryptocurrencies tumbled once again today in value as a great majority of digital assets are seeing losses this Saturday. Since our last markets update the entire digital currency economy shaved another $15 billion off the market capitalizations of all 1,600+ cryptocurrencies. Alongside the dreary prices, trade volumes have also been lackluster, leading many individuals to believe there may be more dips to come down the line.

Also read: High Times Becomes the First IPO to Accept Cryptocurrencies

Cryptocurrencies Fall in Value Once Again This Weekend

A bunch of the top digital assets took a hit again today after a bit of consolidation and while other coins nurtured the wounds suffered from the last dip on August 1. During the past four days, the entire market valuation of all the digital currencies in existence has lost $15Bn USD. At the moment bitcoin core (BTC) markets are hovering just above the $7,000 mark after dropping earlier today from $7300 down to $6926 very quickly. During the first hour of August 4, bitcoin cash (BCH) values were around $731 per BCH, but at the same time all the other cryptocurrency markets dipped, BCH followed suit by dropping down to $692. At the moment BCH is hovering around $696 per coin. The other currencies in the top five market capitalizations ETH, XRP, and EOS have also seen losses over the last 24-hours between 2-4 percent.

Markets Update: Bears Claw Billions Off Digital Currency Valuations
Tether (USDT) takes the ninth position on Saturday, August 4, 2018.

Bitcoin Core (BTC) Market Action

Today bitcoin core markets have lost around 5.4 percent and over the last seven days 14.9 percent in value. Right now the most traded pair with BTC this Saturday is tether (USDT), commanding 51 percent of trades. This is followed by USD (25.8%), JPY (13.2%), EUR (3.6%), and KRW (2.6%). The top five exchanges swapping the most BTC include Bitflyer FX, Binance, Bitfinex, Coinbene, and Okex. Bitcoin core’s entire market valuation at the time of publication is $121B, and over the last 24 hours, there’s been $4.2B worth of BTC traded. The top cryptocurrencies traded on the peer-to-peer platform Shapeshift is ethereum (ETH) for BTC and the coin’s dominance rating amongst all other market valuations is 47.7 percent.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

BTC/USD Technical Indicators

Looking at the hourly and 4-hour BTC/USD charts on Coinbase and Bitstamp shows bulls are trying to push ahead but are failing to surpass heavy resistance. 4-hour RSI levels are showing oversold conditions at press time (24.12) while the MACd looks like it may continue heading southbound. The MA 100 is well above the MA 200 trendline which gives traders another indication that the path towards the least resistance is the downside. Unfortunately for BTC and a large majority of other top performing digital assets, there are many signs the price could go lower if bears continue to break down support levels. Order books show BTC bulls would need to muster up the strength to surpass $7,100 through $7,300 but even then the upward battle continues. On the backside, there’s massive support holding all the way until $6,700 but support after that is still pretty hefty until right around $6,300.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

Bitcoin Cash (BCH) Market Action

At the moment bitcoin cash (BCH) markets are down 3.9 percent today and over the last seven days 15.8 percent in value. BCH volume has jumped a hair as the cryptocurrency today is capturing the fourth highest trade volume above EOS. The biggest pair swapped with BCH today is tether (USDT) which captures 53.5 percent of bitcoin cash trades. Other currencies that follow include BTC (33.3%), USD (5%), ETH (2.9%), and QC (2.3%). The top trading platforms exchanging the most BCH include Coinex, Okex, Binance, Huobi Pro, and Hitbtc.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

BCH/USD Technical Indicators

Looking at BCH/USD charts on Bitstamp and Bitfinex show things have definitely been grim over the last 24-hours. Just like BTC/USD bears are pushing the BCH/USD market as well making certain their presence is here. Most traders have their eyes glued to that 200 moving average (MA) support level as bulls must reject any new lows in order to proceed upward. However much like BTC, the 100 MA is above the 200 MA showing another downside push could easily take place. RSI levels (4-H/ 32.24) are oversold at the moment which means prices could have a slight reversal and the 4-hour MACd is meandering very low at press time. Traders can see that order books show there is heavy resistance for BCH traders all the way until $740 which will give bulls a short break until they hit huge resistance just before $800. There’s plenty of support for BCH until $625 and there is good foundations beneath the sub-$600 zone.

Markets Update: Bears Claw Billions Off Digital Currency Valuations

The Verdict: Skepticism and Doubt Remains

As our previous markets update confirmed the stormy seas are not over within the world of cryptocurrency markets at the moment. Things have been volatile in crypto-land, to say the least, and there have been a few surprising dips over the last week. The verdict this weekend is even more skepticism and doubt unless there’s a sudden turn around soon. On the bright side, there have been a lot of long contracts stacking up on leverage exchanges, showing some are betting on a reversal alongside the fact there is strong buy support in these regions for most digital assets.

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Trading View, and Satoshi Pulse.


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Mt. Gox Creditors Release Update of Civil Rehabilitation Plan

Mt. Gox Creditors Release Update of Civil Rehabilitation Plan

Creditors of Mt. Gox, the defunct bitcoin exchange, have announced an update to the civil rehabilitation plan agreed upon with the platform, according to a statement published on the group’s website.  

The updated terms are said to be in line with the latest court position in the ongoing legal proceedings, including a confirmation that compensation must be paid to victims in bitcoin and bitcoin cash.

Background

Between 2011 and 2014, Mt. Gox is estimated to have lost over 850,000 BTC, worth approximately $460 million at 2014 prices. Based in the upmarket Tokyo district of Shibuya, Mt. Gox was once the undisputed king of cryptocurrency exchanges, at one point controlling as much as 70 percent of the global bitcoin exchange market. By the middle of 2013, however, the platform had run into trouble, and, despite all assurances to the contrary, the company closed abruptly in February 2014, ceasing all trading and exchange operations, closing down its website and filing for bankruptcy protection under Japanese law.

Former CEO Mark Karpelès was arrested, and a civil rehabilitation plan was agreed to serve as a framework for ensuring creditors get their money back.

New Conditions

A few notable changes to the initial terms have been made, mostly concerning method and priority of payments to creditors. According to the updated terms, Mt. Gox shareholders are ranked behind its creditors regarding payment priority.

The statement reads:

“No distribution will be made to shareholders. Mt. Gox is not capable of returning all BTC deposited by creditors. Accordingly, we consider that all assets of Mt. Gox should be distributed to creditors and not to shareholders.”

Furthermore, disbursements will be made in bitcoin and bitcoin cash for ease of payment and to avoid the acceptance issues faced on many exchanges by several altcoins.

The update also stipulates that payments would be made after the approval and confirmation of the rehabilitation plan.

“Creditors have been waiting for payment to be made for as long as four years since Mt. Gox was bankrupted. Payment to creditors should be made as soon as possible. We are of the opinion that most of the assets, including approximately 166,000 BTC and 168,000 of BCH and other derivatives currently held by Mt. Gox, should be paid to creditors at the time of the first payment.”

Finally, the update states that Mt. Gox will find a way to give creditors access to their trading records, which it describes as “indispensable for the approval or disapproval of the civil rehabilitation plan.”


This article originally appeared on Bitcoin Magazine.

High Times Becomes the First IPO to Accept Cryptocurrencies

High Times Becomes the First IPO to Accept Cryptocurrencies

On Thursday, the well-known cannabis culture brand and publication High Times announced it’s holding an initial public offering (IPO) and that it will be the first regulated A+ stock offering to accept cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

High Times Takes Another Step Into the Future by Accepting Cryptocurrencies for its IPO

High Times Becomes the First IPO to Accept CryptocurrenciesThe firm High Times is a popular cannabis-focused monthly magazine that was founded in 1974. The publication founded by Tom Forcade reports on the marijuana counterculture and the legalization of cannabis. On August 2, 2018, the legacy company announced it is holding an IPO so individuals can invest in the firm by buying shares. In an unusual twist, the firm has also revealed it is the first A+ stock offering to accept bitcoin core (BTC), and ethereum (ETH).

According to High Times, the firm filed its Reg. A report which detailed “$29 million in a reduction of negative equity, significant decreases in operating losses, and a debt reduction — with the U.S. Securities & Exchange Commission.”  High Times CEO Adam Levin believes adding cryptocurrency acceptance will allow a bigger audience to participate in the IPO.

“High Times has been at the forefront of popular culture for more than four decades,” Levin explained during the announcement.

Now we’re taking another step into the future, not only as one of the first cannabis-related brands to go public on the Nasdaq but also as the first to allow bitcoin and ethereum as part of our public capital raise.

High Times Becomes the First IPO to Accept Cryptocurrencies
High Times has been reporting on cannabis culture since 1974. It will be the first US company to accept cryptocurrencies for its IPO.

No Initial Coin Offering But Including Crypto Investors

Investors can purchase shares at $11 a piece at the website Hightimesinvestor.com, and the company says with the firm’s strong online presence many will be interested in doing so. Furthermore, High Times has been trending a lot higher these days, as the US and other countries worldwide have been more lenient and even legalizing marijuana use. High Times says the publication is an “important beacon in the legalization activism game.” Levin details that they didn’t believe in utilizing the new crowdfunding process called initial coin offerings (ICO), but felt they needed to tend to these types of investors.

“Cryptocurrencies have created a new investor base across the world—we’re just giving them more stable opportunities for investment,” Levin notes.

Beginning with our Reg. A+ crowdfunding, we’ve been focused on giving everyone from retail investors to long-time fans more ways to own a piece of High Times. While we didn’t believe that the ICO process was the right move for our brand, it would’ve been foolish to leave this emerging investor base out as we continue to transform into a diversified media, events and merchandise giant.

Many cryptocurrency proponents believe the cannabis and digital currencies economies are up and coming industries that will grow exponentially in the future. Crypto supporters are pleased with High Times accepting BTC and ETH for IPO shares as the two budding sectors are once again growing together hand in hand.

What do you think about High Times accepting ETH and BTC for its initial public offering (IPO)? Let us know what you think in the comment section below.


Images via Shutterstock, and High Times. 


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

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Bitprim Launches Keoken — A Token and Smart Contract Platform for BCH

Bitprim Launches Keoken — A Token and Smart Contract Platform for BCH

Over the past few months, many Bitcoin Cash (BCH) proponents have been discussing ideas such as representative tokens and smart contracts powered by the BCH network. Further, a few well-known organizations like Bitmain, Cryptonize.it and other BCH developers have introduced their own tokenization ideas. Now the firm Bitprim has announced the launch of a new token creation and smart contract platform called ‘Keoken’, an open protocol for extending blockchain functionality.

Also Read: Market Caps for Privacy-Centric Currencies Have Dropped Significantly

Bitprim Team Launches a Token Asset Creation and Smart Contract System Called Keoken

Bitprim Launches Keoken — A Token and Smart Contract Platform for BCHThis week the Bitprim development team gave news.Bitcoin.com exclusive access to the open source tokenization and smart contract platform called Keoken. The application can do a variety of things which includes the creation and transfer of assets, create smart contracts, and also produce a form of protocol governance. The Bitprim developers say the Keoken platform was built from scratch and the application can be extended to various blockchains. However, the Bitprim programmers say they will start the off-chain solution with the Bitcoin Cash blockchain.  

“We have today the Bitcoin Cash platform that has a good balance between security, provided by a solid PoW level, and an on-chain capacity to build on top of it,” the Keoken white paper details.  

These are the reasons why we consider that Bitcoin Cash has the best balance to start building a layer two solution on top of it.

Bitprim Launches Keoken — A Token and Smart Contract Platform for BCH
Keoken aims to add token, smart contract, and protocol governance functionality.

A Second Layer Solution Focused on Real-World Use Cases

The Keoken system also involves a native token called ‘Keo’ which is used for network fees and governance features, while at the same time it funds development of Keoken as well. The Keoken wallet provides users with the ability to track Keoken protocol created assets and it also “allows the operation with the Keoken protocol creating and sending tokens to other Bitcoin Cash addresses,” Bitprim emphasizes.

“Keoken is a second layer solution that brings a digital asset accounting and a secure smart contracts platform, focused on real-world use cases, approaching them in an efficient and simple way, intended to cover most of the use cases for value transfer between parties and businesses, as well as the rules required to run most common activities,” the white paper details.

Keoken fills the gap between reliable cryptocurrencies protocols and less reliable smart contracts platforms based on “turing complete” programming languages.

This week the Bitprim team has launched the Keoken.io website and users can begin experimenting with the testnet platform now. Basically, all a user has to do to create an asset is enter the portal wallet.keoken.io and go to “my tokens.” See the wallet that was created when entering the webpage and after that go to “create asset”, enter name and quantity and press enter. The Keoken asset protocol will then show the assets created.

Bitprim Launches Keoken — A Token and Smart Contract Platform for BCH
Creating an asset using the Keoken platform.

The white paper further details the protocol is based in “Transaction Formats (TF) and codable business rules (Smart Contracts).” At first, the TFs will be used for common transactions but the team expects both an increase and more complex use cases for the system. The paper also explains the Keoken system will not require all of the transactions to be stored on-chain.

Bitprim Launches Keoken — A Token and Smart Contract Platform for BCH
Looking up the tokens created while news.Bitcoin.com tested the Keoken testnet wallet.

“Some type of transactions can be merged into a single transaction to reflect the latest state. One of the goals is to provide the platform to avoid storing transactions that will not be relevant in the future forever on-chain — Efficiency and simplicity concepts apply.  

Keoken has been designed having efficiency in mind, using well-known technologies by a solid team. It provides the necessary rails for commerce over a decentralized blockchain ecosystem.

What do you think about Bitprim’s tokenization system for the Bitcoin Cash network? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Bitprim, and the Keoken platform. 


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Market Caps for Privacy-Centric Currencies Have Dropped Significantly

Market Caps for Privacy-Centric Currencies Have Dropped Significantly

Over the past few years, a few privacy-centric cryptocurrencies have gained both in popularity and value. Many of these coins like monero, dash, pivx, zcash, and more were at one time top ten digital asset contenders as far as market valuation is concerned. Now even though a few of these specific digital assets have dropped out of the top ten capitalizations, some of them are not too far behind the highest valued coins, but a great majority of them have significantly lower market caps. 

Also Read: Markets Update: Crypto-Prices See Some Recovery After the Dip

It’s been close to a decade since the birth of the original Bitcoin protocol and there have been over 1600 cryptocurrencies with all types of features launched since then. One specific digital asset feature that’s always been popular among cryptocurrency fans is anonymity. Most people know bitcoin transactions are not anonymous unless a mixing application is used, and even that type of tool is not 100 percent as the method obfuscates transactions at best. Because of this issue, a myriad of privacy-centric cryptocurrencies have been introduced over the years and many of them held top ten positions among the most valued digital assets but all of them have been bumped off the list. Quite a few of the most popular privacy-focused coins have lost considerable value since last December and a few of these tokens are also approaching some new changes and protocol upgrades.

Where Are They Now?

Monero (XMR)

Market Caps for Privacy-Centric Currencies Have Dropped SignificantlyMonero (XMR) is a privacy-focused cryptocurrency that claims to offer untraceable payments, unlinkable transactions, blockchain analysis resistance, and adaptive parameters. The cryptocurrency is different than most digital assets because it’s not based on the original Bitcoin protocol and its consensus is based on the Cryptonight protocol. Since Monero was launched in 2014, the currency has done well as far as market value is concerned. For instance, the first week of trading saw XMR prices reach .99 cents to $2 per coin and over the past couple years XMR has gained around 6,900 percent since launch.

Market Caps for Privacy-Centric Currencies Have Dropped Significantly
Monero markets all-time.

However, this December monero touched a high of $390 per XMR and so far in 2018, with current spot prices on July 28, the coin has lost -64.10 percent of value. More recently, the XMR community found out that XMR was mineable by ASIC hardware and decided to hard fork the protocol which resulted in four different monero forks. Monero is in the midst of planning to add compatibility with a privacy method called Bulletproofs and the XMR development team has announced the first Bulletproofs audit (by Kudelski Security) was successful. Monero is currently priced at $140 per XMR and the cryptocurrency holds the 12th largest market cap position.

Dash (DASH)

Market Caps for Privacy-Centric Currencies Have Dropped SignificantlyAnother coin that offers privacy sending features and enjoyed a long stay in the top ten is the cryptocurrency dash (formally known as darkcoin). Back in 2014, the cryptocurrency was trading for $1.25 -1.50 per DASH and at today’s current prices the digital asset is up 16,100 percent in value which is a pretty extraordinary feat. Although, people who didn’t get in real early on dash and bought the 2017 high have seen a loss of -83.8 percent during dash’s ATH of $1,500 per coin on December 21.

Market Caps for Privacy-Centric Currencies Have Dropped Significantly
Dash markets all-time.

People like dash for a few reasons which include its private send feature which uses the protocol’s masternode program to mix coins and obfuscate transactions. The masternode protocol is a favorite among dash proponents as it allows nodes to earn revenue and it’s also used with the dash governance voting system. Recently, on the dash-focused Three Amigos Podcast, it was revealed that the financial institution Fidelity owns a 15 percent stake in Neptune Dash which is a firm that offers chunks of masternode ownership. People also dislike dash for a few reasons like how it’s always been haunted by the instamine rumors back when the currency launched. Some people accuse dash of being a planned instamine, but the developers have addressed the topic many times denying the allegations. Many dash supporters believe the its features and the community’s marketing have bolstered the coin. Dash is now four spots behind the top ten cryptocurrency capitalizations sitting in the 14th position.

Zcash (ZEC)

Market Caps for Privacy-Centric Currencies Have Dropped SignificantlyAnother privacy-centric coin that has seen a lot of market action since it was launched is zcash (ZEC). In fact, ZEC markets have been pretty wild since it was introduced because if you invested in the currency during the first week of launch you might be seeing a big loss. During the first day of trading ZEC prices were around $2,044 per coin, $574 the next day, then a day later it was $1,624 a ZEC. In a few rare instances, some exchanges hit $12K per ZEC the first day. In order to make transactions private Zcash users send ‘shielded’ transactions which are protected by zero-knowledge cryptography. The zero-knowledge methods the ZEC protocol utilizes are called zk-SNARKs and zcash users can also send open and public transactions as well. However many skeptics believe the minting ceremony process of zero-knowledge proof coins (trusted setup) is not 100 percent foolproof.

Market Caps for Privacy-Centric Currencies Have Dropped Significantly
Zcash markets all-time.

The ZEC protocol has some changes taking place on October 28, 2018, as the cryptocurrency will be upgrading to what’s called ‘Sapling.’ According to the developers, the upgrade will add increased efficiency to shielded addresses and transactions. As mentioned above, ZEC markets have fluctuated intensely since it was launched last October, and during the second week of December, it was roughly $500-675 per coin. Today, on July 28, ZEC is worth $220 per ZEC and investors who bought in December 2017 have lost -56 to -67.40 percent. Moreover, if you purchased during the first week you could have lost -89 to -80 percent.

PIVX (PIVX)

Market Caps for Privacy-Centric Currencies Have Dropped SignificantlyThe cryptocurrency PIVX (Private Instant Verified Transaction) is a privacy-centric Proof-of-Stake (PoS) coin that derives its codebase from the bitcoin protocol 0.10 and dash. The PIVX system also uses a masternode mechanism and the developers claim to have recently introduced Zerocoin (zero-knowledge proofs) technology. If an individual bought PIVX during the first week of launch, the person would have gained 230,900 percent. However, if the person purchased PIVX on January 10, 2018, they would have lost -83.38 percent today. PIVX is not very close to the top ten positions at all, as the currency holds the 80th position amongst the top valued coins within the crypto-economy. Furthermore, the PIVX community has a long history of feuding with the dash community which is likely due to the project’s similarities.

Market Caps for Privacy-Centric Currencies Have Dropped Significantly
PIVX markets all-time.

A Bunch of Different Cryptocurrencies Aim to Provide Anonymity — But As Far As Market Performance is Concerned, Many of these Coins Have Significantly Lower Valuations Than the Top Ten Cryptos   

These four coins have all been top contenders within the cryptocurrency space and there are many other cryptocurrencies that have aimed to offer anonymity. Other cryptocurrencies that have done well within trading markets at one time and offer privacy-centric solutions include Zencash, Bitcoin Private, Komodo, Spectrecoin, Bitcoin Dark, Verge, Navcoin, Boolberry, Zcoin, Deeponion, and more. All of the methods these coins use consist of three similar ideas like zero-knowledge proofs, ring signatures, and masternode mixing services.

Market Caps for Privacy-Centric Currencies Have Dropped SignificantlyNow, most of these cryptocurrencies have some value but a great majority, minus the few mentioned above, are not very close to the top ten crypto-market valuations. The highest valued privacy coins that are somewhat close to the top ten positions include monero, dash, zcash, and verge. That’s only four digital assets, and the rest anon-coin’s market valuations are below the 40th position and don’t seem to be making it to the top-ten lineup anytime soon.

What do you think about privacy coins and how they have performed over the past year? Do you expect any of these cryptocurrencies to make it into the top ten highest valued digital assets? Let us know your thoughts in the comment section below. 


Images via Shutterstock, Pixabay, and the various logos for each coin. 


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Libertarian Hotspot the Free Keene Project Bolsters More Crypto-Adoption

Libertarian Hotspot the Free Keene Project Bolsters More Crypto-Adoption

The Free Keene Project, a growing community of libertarians and cryptocurrency proponents, has announced the region now has a dentist, Indian restaurant, hair salon, and vape shop that accept cryptocurrencies.

Also Read: Markets Update: Crypto-Prices See Some Recovery After the Dip

The Free Keene Project Manages to Persuade a Slew of Mom-n-Pop Shops to Accept Cryptocurrencies

New Hampshire is widely known as the ‘free state’ for its lack of taxation, and the growing number of libertarians moving there to make the region live up to its motto ‘live free or die.’ Furthermore, areas like Keene are well known for being very cryptocurrency friendly with a multitude of merchants, bitcoin radio ads, and BTMs. More recently the Free Keene Project’s blog revealed the group has been pushing digital asset adoption like crazy, and this week the website announced they have managed to get a slew of mom-n-pop businesses to accept BTC and Dash.

“Longtime readers here know that Keene and Portsmouth New Hampshire are two hotspots in the world of cryptocurrency,” explains the Free Keene Project. “Though real-life crypto usage is not all about delicious handmade pizza, BBQ, Indian food, burgers, or alcoholic beverages that you can buy with crypto in downtown Keene, it’s also about products and services.”

Libertarian Hotspot the Free Keene Project Bolsters More Crypto-Adoption
The Free Keen Project says, “Keene defeats major cities in per-capita businesses accepting crypto.”

Vape Shop & Dental Work

The libertarian group explains the region’s new vape shop, Lineage Vapors, is accepting BTC and Dash for any of the store’s products. Additionally, the Curry Indian Restaurant which serves Pakistani and Indian cuisine seven-days-a-week will be accepting the two cryptocurrencies as well. The blog post also notes that the digital currencies will also help the Indian restaurant’s owners send remittances to their family members without using a third-party institution.

Libertarian Hotspot the Free Keene Project Bolsters More Crypto-Adoption
Dr. Drower accepts BTC and Dash for dental services.

The free state crew of libertarians further detail that people can use digital currencies for dental services and the resident office of Dr. Drower Dentistry will be accepting cryptocurrency-paying patients. “For digital coin to become useful in everyday life people need to be able to use it as currency, for something besides speculative investing.”

Automotive Work, Pizza, and a New Hairstyle

Libertarian Hotspot the Free Keene Project Bolsters More Crypto-AdoptionThe free state continues to help push the ideas of liberty across the land and many of the residents believe cryptocurrencies will be one of the tools that can help circumvent the state. The Free Keene Project also details that many of the businesses work with a Portsmouth-founded merchant point-of-sale crypto processor called Anypay.global. The area also has a bunch of other merchants like Little Zoe’s Pizza that accepts digital assets for pies and people in need of car repair can use cryptos at Wilder Automotive.

Additionally, the Free Keene Project says that Main Street’s Moda Suo, a hair salon that accepted BTC in the past using merchant services through Coinbase, is now dropping them and switching to Anypay’s point-of-sale system. Moda Suo’s owner Nicholas Sansone will now accept BTC and Dash payments for services.

What do you think about the Free Keene Project getting so many merchants to accept cryptocurrencies? Let us know what you think about this subject in the comment section below.


Images via Pixabay, and the Free Keene Project blog.


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Markets Update: Crypto-Prices See Some Recovery After the Dip

Markets Update: Crypto-Prices See Some Recovery After the Dip

Digital assets, this weekend, have recovered a touch after a temporary price dip that started roughly 48 hours ago but crypto-values have rebounded once again on July 27. This Saturday, all 1600+ digital currencies are seeing slight gains as the entire cryptocurrency market capitalization at the start of the weekend is around $297.9Bn USD, with over $32.2Bn worth of cryptos swapped in the last 24 hours.

Also Read: Crowd Psychology Driving BTC Prices, Finance Experts Say 

Cryptos See Some Slight Recovery This Weekend

A great majority of digital assets today are in the green seeing gains between 2-10 percent during the last 24 hours of trading sessions. Prices first took a big drop after the US Securities and Exchange Commission (SEC) had denied the Winklevoss twins exchange-traded fund (ETF) which may have put a black cloud over the community’s optimism concerning the upcoming Cboe ETF decision. After the ETF was denied, the price of bitcoin core (BTC) dropped from a rough average of $8,200 per BTC to a low of $7,798. However, not too long after that BTC prices jumped back up $400 to the $8,200 zone again. Most of the other digital currencies within the crypto-economy have been correlated with BTC and had followed the rebound back as most are nurturing losses today.

Bitcoin Core (BTC) Market Action

At the time of publication, the price of bitcoin core (BTC) is averaging around $8140- 8200 per coin. BTC has swapped over $6.2Bn today in global trade volume and the currency’s market valuation is around $140Bn this Saturday. The top BTC exchanges include Bitflyer ($2.02 Bn), Binance ($270.07 Mn), Bitfinex ($229.94 Mn), EXX ($212.66 Mn), and Coinbene ($169.53 Mn). The Japanese yen continues to be the dominant currency pair (49.5%) traded with BTC which is followed by tether (USDT 32.2%), USD (12.5%), EUR (1.64%), and the KRW (1.5%). BTC dominance is the highest it has been in months as the digital asset’s capitalization is 47.3 percent amongst all 1600+ market valuations. On the peer-to-peer platform, Shapeshift this Saturday shows the top swap is ethereum (ETH) for bitcoin core (BTC).   

Markets Update: Crypto-Prices See Some Recovery After the Dip

BTC/USD Technical Indicators

BTC/USD charts today on Coinbase and Bitstamp are showing some consolidated action taking place as bulls seem to be recharging. A few days ago, the BTC/USD charts’ relative strength index (RSI) signaled a bearish divergence which drowned out the bulls with buyers wanting cheaper prices. Today the RSI is lower (52) and BTC bulls could muster up some strength to surpass current resistance levels. The SMA 200 is above the short-term SMA 100 on the 4-hour chart which indicates the path to least resistance is towards the downside. MACd is meandering in the middle (27.89) and shows room for improvement in the next few hours. Order books looking northbound show deep resistance from now up until $8,660 and observations from the Average Directional Index (ADX) shows this move is possible. On the back side, there is plenty of foundational support between $8K through $7,400.

Markets Update: Crypto-Prices See Some Recovery After the Dip

Bitcoin Cash (BCH) Market Action  

Bitcoin cash (BCH) is being sold between $780 to 830 per coin this Saturday and the currency’s market valuation is around $14Bn. 24-hour trade volume is a bit lackluster since our last markets update as trades are around $567.3Mn today. The top BCH exchanges swapping the most bitcoin cash today include Coinex ($132.40 Mn), Okex ($59.30 Mn), Binance ($54.47 Mn), Hitbtc ($36.31 Mn), and Huobi Pro ($32.71 M). The top currency pair with BCH is tether (USDT 57.6%) which is followed by BTC (28.2%), USD (5.6%), ETH (2.7%), and KRW (1.14%). Bitcoin cash is the fifth most traded cryptocurrency this Saturday, just below the currency EOS.

Markets Update: Crypto-Prices See Some Recovery After the Dip

BCH/USD Technical Indicators

BCH/USD charts are somewhat similar to the BTC technical indicators. RSI levels for BCH/USD on Bitstamp and Bitfinex are hovering around the 44.76 area which shows improvements could be made in the short term. MACd is similar to BTC but looks as though its heading southbound at the time of writing.

Markets Update: Crypto-Prices See Some Recovery After the Dip

Further, the SMA 200 is also above the SMA 100 trendline which shows downside action is more tempting right now. However, the Average Directional Index (ADX) trend shows that bulls could push forward after chewing through some heavy resistance. Order books looking northbound indicate some pit stops between the current vantage point and then again at $840-870.

Markets Update: Crypto-Prices See Some Recovery After the Dip

The Verdict: Market Sentiment is Still Upbeat

Overall optimism seems pretty good this weekend as quite a few enthusiasts and traders seem positive the bearish trend is seemingly reversing. Most cryptocurrencies are up between 40-60 percent since the lows that took place on June 24. Some notable market movers this Saturday include XLM, BTC, VEN, BNB, and OX. The verdict today is still positive and a good majority of people believe prices will continue to trend higher but there are definitely a few skeptics who think the bear market may not be over just yet — But overall the verdict is still upbeat.   

Where do you see the price of BCH, BTC, and other coins headed from here? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


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Openbazaar Users Can Now Trade 1500 Cryptocurrencies With No KYC

Openbazaar Users Can Now Trade 1500 Cryptocurrencies With No KYC

This Friday the decentralized marketplace Openbazaar announced the release of its 2.2.2 version which adds a variety of new features and improvements. One particular feature added to the latest Openbazaar release allows users to trade 1,500+ cryptocurrencies with no fees. Moreover, all the swaps are peer-to-peer trades between two parties with no KYC process. 

Also Read: Bitcoin Unlimited Merges Graphene Block Propagation Technology

Openbazaar Launches Version 2.2.2 With Two New Important Features

Openbazaar Users Can Now Trade 1500 Cryptocurrencies With No KYC The Openbazaar development team has released a new version of the platform that adds a few new features and bug fixes. Openbazaar version 2.2.2 was released on July 27 and the application allows for peer-to-peer cryptocurrency trades with a vast quantity of different digital assets. The developers explain that the release includes two major protocol improvements within the Openbazaar environment.     

“The first is the ability for users offering to trade coins to mark up or discount their price — Instead of only being able to offer a trade at market price, they can choose to add a markup, which will automatically increase the price to the buyer based on the percentage they choose,” explains Openbazaar’s announcement blog post.  

They can also choose to offer a discount from market price — The software constantly is updating the market price of the cryptocurrencies involved in the trade, and will add the markup or discount at the moment the trade happens.

The Ability to Trade 1,500+ Cryptocurrencies With No Fees and No KYC/AML Processes

The announcement further details that the second feature includes the major update to how many cryptocurrencies can be traded on Openbazaar. The development team notes that prior to the 2.2.2 release there were about 60 different coins available to trade. Openbazaar has implemented price feeds from the data site Coinmarketcap and there are now 1,500+ coins that can be traded.

Openbazaar Users Can Now Trade 1500 Cryptocurrencies With No KYC “If you want to see if a specific coin is available, download Openbazaar and start the process of creating a cryptocurrency listing,” the Openbazaar developers detail.

As always, there are no fees to pay and no accounts to sign up for — It’s a direct swap of cryptocurrencies between you and the other party, and if you choose a moderated payment (highly recommended) then there’s a third party available in case of dispute.

The cryptocurrency community seemed to like the latest Openbazaar announcement across social media and digital asset focused forums. The biggest plus for most digital currency proponents is the means to buy and sell coins without fees — But people really appreciated the ability to trade without all the annoying KYC/AML processes tethered to more than 90 percent of exchanges out there today.

What do you think about Openbazaar adding 1,500+ different cryptocurrencies to the platform for peer-to-peer trading? Let us know what you think about this subject in the comment section below.  


Images via Shutterstock, Openbazaar logo, and the OB Blog. 


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