Best Trading Platforms For Beginners 🥇 LOW FEE List 2020

Bittrex Review: One of the First Crypto Exchanges Part 2

Bittrex Review: One of the First Crypto Exchanges Part 2

3. Fiat Currency Deposits, Trading, and Withdrawals

Bittrex Global supports euro trading, deposits, and withdrawals for eligible personal and corporate accounts. Please note that euro trading is offered by Bittrex Global and subject to the Bittrex Global Terms of Service.
There are three mechanisms available for depositing euros to your Bittrex Global account:
  • SEPA Credit Transfer
  • International Wire Transfer
  • Credit/debit card
Bittrex Global allows you to withdraw Euros to your bank account via either SEPA credit transfer or international wire transfer.
  • Minimum Deposit: 20 euros
  • Minimum Withdrawal: 10 euros
  • Minimum Deposit: 20 euros
No upper limits deposit or withdrawal for wire and SEPA transactions. Corporate account holders can withdraw up to 10,000,000 euros in one transaction after submitting an application to [[email protected]](mailto:[email protected])
If the name on your bank account is the same as the name in your Bittrex Global account, you can deposit euros by following the instructions on the SEPA deposit screen. You can get to this screen by going to your Holdings page, finding the EUR currency, clicking Deposit, and selecting SEPA.
https://preview.redd.it/ca7faux9ied51.jpg?width=974&format=pjpg&auto=webp&s=0993b8750b71e7467e15bb649f02c7c45f17f558
SEPA Transfer Instructions.
https://preview.redd.it/njwwpr8cied51.jpg?width=974&format=pjpg&auto=webp&s=8218dfcabf7e7f2e98f8db5e3e30f676baf10c6c
Recipient name: Bittrex International GmbHRecipient address: Äulestrasse 74 9490 Vaduz, LiechtensteinIBAN number: LI26 0881 1010 3179 K001 E
Make sure you accurately type the above text in SEPA transfer memo/notes to properly course the deposit for your account. If the name on your bank account differs from that in your Bittrex Global account, or if you wish to withdraw via SEPA without depositing, you will need to fill out the Euro Deposit and Withdrawal form https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000640760 to have your bank account whitelisted for use with your Bittrex Global account.
https://preview.redd.it/qk3k15snied51.jpg?width=974&format=pjpg&auto=webp&s=a641af8287d7624c9a68e69b5eede7a26dd00f65
https://preview.redd.it/stsxd6snied51.jpg?width=974&format=pjpg&auto=webp&s=b38ef3a190cfba71f041fb2a2947a27ba6931c38

Depositing USD on Bittrex

Crypto assets ensure that replenishment and all exchange transactions are kept through digital currency. Therefore, in case you need to withdraw cash, you must first convert it into Bitcoin (BTC).
At the same time, there may be some other ways to refill the balance with US dollars, which entails filling a particular form for depositing in dollars—Fiat USD trading Request.
To gain a digital currency on the exchange you need to visit your private account and find the Wallets section where all the wallets are shown.
The platform creates a crypto address to which we transfer funds. Money can be credited to the exchange within two days, with the time required depending on the currency and mode of payment (e.g. bank transfer, credit or debit card, and so on).
Therefore, after the transfer, the funds are credited to the exchange's internal wallet.
In order to include a user account for depositing and withdrawing funds in dollars, Bittrex must add the user’s bank account to the white list. Therefore, to replenish the balance with fiat money, you must fill a special form.
  1. Obtain approval for Fiat (USD) Trading, Deposits, and Withdrawals.
To do this, fill out and submit the form: https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000352300
https://preview.redd.it/jwcp2jguied51.jpg?width=861&format=pjpg&auto=webp&s=9ef519cbcf579cc3567e53b55af29fa154e342e3
Keep in mind that wire transfers can only be received from bank accounts approved through the fiat trading application.
2) Make sure your bank account has been whitelisted.
Sign in to your Bittrex Global account. Go to the Holdings Tab. Type “US Dollar” in the search bar. Click the Withdraw button beneath Actions. All available whitelisted (approved) bank accounts will be shown.
https://preview.redd.it/ldwmvt3wied51.jpg?width=974&format=pjpg&auto=webp&s=71d3da503e050f5b4d231184ea82f65fd477b671
3) Generate your USD deposit code.
To get a USD deposit code, click the Holdings tab. Type “US dollar” in the search bar, click Deposit beneath Actions. Your USD deposit code will appear at the bottom of your Wire Transfer Instructions. Copy this code and input it in the memo/notes subject of the wire transfer form to your financial institution.
https://preview.redd.it/pf7sowxxied51.jpg?width=974&format=pjpg&auto=webp&s=c99b3c10a1921254e8247c77a04f529bc60e290b
Use your USD deposit code every time making wire transfers. Wire transfers cannot be processed without a correct USD deposit code.
4) Best practice: Use the wire transfer information provided in your USD wallet when asking your bank for assistance.
Bittrex recommends that users resort to a local bank branch when sending wire transfers for the first time.
To show wire info, enter the "US dollar” in the search bar at the bottom of the Holdings page. Then click Deposit beneath Actions. You will see all the wire information. Use the deposit data to fill out a wire transfer form correctly. In case the info does not appear or if you have questions, please contact Bittrex Global support.
Make sure the wire transfer is not sent as an ACH transfer. ACH transfers aren't permitted so they will be banned.
Be aware: Wire deposits (wires sent to Bittrex Global) CANNOT be initiated on the Bittrex Global webpage. Only withdrawal wires can be initiated on the webpage. All wire transfers must be processed from the bank account number that was provided to Bittrex Global, in your fiat money transfer application.
5) Wait for the amount to be credited to your Bittrex Account.
All USD deposits are credited the same or next-business-day once settled in Bittrex's bank account.
Wires take 5-10 days to settle.
More delays will occur if the wire data does not fit the whitelist.
Wire transfer charges: Bittrex exchange does not take any wire transfer fee. Please ask your bank about the commission it charges for sending or getting a wire transfer. International banks usually involve mediators so check the commission the intermediary charges for their services.

Depositing Euros on Bittrex

There are three ways available for depositing Euros into Bittrex Global account:
  • SEPA Credit Transfer
  • International Wire Transfer
  • Credit/debit card
If you need to wire-transfer euros to a Bittrex Exchange Account, you will have to do the following:
  1. Obtain approval for EUR Deposits and Withdrawals.
To do this, fill out and submit the form: https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000640760
https://preview.redd.it/cq1fll73jed51.jpg?width=801&format=pjpg&auto=webp&s=b9b199d7bae9d9127b41cd72eec6619c05f2dcb3
  1. Make sure your bank account has been whitelisted.
Sign in to your Bittrex Global account. Go to the Holdings Tab. Type “EUR” in the search bar. Click the Withdraw button beneath Actions. All available whitelisted (approved) bank accounts will be shown.
https://preview.redd.it/26g4bz36jed51.jpg?width=974&format=pjpg&auto=webp&s=a2457611bdca65ad15320ceba583b51a797d357a
3) Go to the Holdings tab. Type “EUR” in the search bar. Click the Deposits button beneath Actions.
https://preview.redd.it/l0q8hkcajed51.jpg?width=974&format=pjpg&auto=webp&s=6d7bf1fd2cc0185c13ddc89f91c35061bf5249ef
Deposit SEPA Transfer.
https://preview.redd.it/5eb44h9djed51.jpg?width=974&format=pjpg&auto=webp&s=4c4433c87b633d8b69d5c26ef067a63129baf8fe
Make sure to include the text above in your SEPA switch memo/notes to perform a deposit to your account correctly.
No primary deposit is needed, but you need to provide details on the institution managing your account.
Attachment requirement: a bank-issued letter or account statement displaying containing the following data:
  1. Your name on your bank account.
  2. Your bank IBAN or account number.
  3. Your bank SWIFT/BIC code.
  4. Your bank name.
  5. Approval to deposit euros from and withdraw euros to your approved bank account.
  6. You can have multiple bank accounts approved.
  7. All banking details in the form (IBAN, Account, SWIFT/BIC, etc.).
  • Minimum Deposit: 20 euros
  • Minimum Withdrawal: 10 euros
  • No maximum deposit or withdrawal for wire and SEPA transfers
Corporate account holders can withdraw up to 10,000,000 euros in one transaction after submitting a request to [[email protected]](mailto:[email protected]).

Debit and Credit Card Transactions on Bittrex Global

To use a debit or credit card in your Bittrex Global Account do the following:
  • Click Holdings in the upper-right corner of the home page
  • Select Deposit via credit/debit card
  • Enter an amount to buy (weekly limit: $2,500/monthly limit: $7,500)
  • Click Enter card info next
  • Enter your credit card data
  • Carefully read the privacy policy and transfer terms
  • Click Pay
After the submission, you will be redirected to your bank’s 3DSecure portal (follow the prompts to confirm the transaction).
As soon as the transaction is permitted, the funds may be credited to your wallet. You can track the transfer progress in the Deposits section of the Holdings page.
  • Credit Cards Accepted: Visa
  • Processing Fee: 3%
  • Daily Limit: $2,500
  • Weekly Limit: $2,500
  • Monthly Limit: $7,500
  • Alternative Options to Fund your Wallet: USD Wire Transfers (No Deposit Limit)

Countries Supported

Andorra, Austria, Australia, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Italy, Japan, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Montenegro, Netherlands, New Zealand, Norway, Philippines, Portugal, Reunion, San Marino, Singapore, Slovakia, Slovenia, South Korea, Sweden, Switzerland, Taiwan, United Kingdom, Vietnam.

Depositing Coins/Tokens on Bittrex Crypto Exchange

To deposit crypto coins to your Bittrex exchange account, you will need to take a few important steps. It's critical to be especially careful to make your deposit as secure as possible.
To deposit coins to Bittrex Global, do the following:
  1. Click Holdings in the upper-right corner of the home page.
https://preview.redd.it/7h6ihk2ijed51.jpg?width=974&format=pjpg&auto=webp&s=bc1dceb15f0a93bf1c555ed75032f9ec1792ac1b
2) Find for the wallet you want to deposit funds to and click Deposit beneath the Actions tab.
https://preview.redd.it/ujrsrpljjed51.jpg?width=974&format=pjpg&auto=webp&s=fb96e242ac86bcbce02923f34e6e36179308d895
3) Please copy your Wallet Address to make a deposit. In case you don’t have any Wallet Address, click Generate new wallet address.
Below is the option of creating a deposit address for Bitcoin (BTC).
https://preview.redd.it/pqpkfmbljed51.jpg?width=970&format=pjpg&auto=webp&s=a3af6d68c0698907ce338a7dea4bb7f58653f423
A few cash and tokens have a minimum deposit amount. For instance, your Ethereum deposit address must hold extra than 0.05 ETH before crediting to your account.
If you deposit less than 0.05 ETH, you may want to deposit some amount on the blockchain amounts to more than 0.05 ETH. In case you send a deposit smaller than the minimum, you will have to make another deposit to reach the minimum amount.
Please make sure that you transfer coins of the same type to the address. This means if you generated a BTC deal, you deposit BTC to it and no other coin. In case you deposit a different coin than that of the deal, you take a risk of losing all the concerned funds.

Depositing Tether (USDT) Stablecoin

Below is the option of creating a deposit address for Tether (USDT).
  1. Click Holdings in the upper-right corner of the home page.
Find Tether USDT, and click Deposit beneath the Actions tab.
https://preview.redd.it/kc61io6qjed51.jpg?width=974&format=pjpg&auto=webp&s=7baed4d68fbf51dacc4e667b04501868645d1d57
2) Please copy the USDTT Wallet Address to make a deposit. In case you don’t have any USDTT Wallet Address, click Generate new wallet address.
https://preview.redd.it/ugh3b54tjed51.jpg?width=974&format=pjpg&auto=webp&s=0e272a481854b32407a6611690c501370431f47c
https://preview.redd.it/ph20s84tjed51.jpg?width=360&format=pjpg&auto=webp&s=0e92999e9b85d4aa2d590db15e631690530f4825
3) Copy this crypto address and paste it to the Etherscan.io search bar.
Click Search.
You will see the contract info. Click to view a QR code.
A new window will appear, showing a QR code of your USDT wallet address. Be careful and check the correctness of your USDT transaction to your account on the Bittrex exchange.
https://preview.redd.it/g2ar653yjed51.jpg?width=974&format=pjpg&auto=webp&s=ddc947f57b616316bcb010f8aa1bb02ccdb22389
You can check any Tether USDT ERC20 token transaction on the Ethereum blockchain. When a transaction happens, you will see the transaction hash and balance.
https://preview.redd.it/y11afeyyjed51.jpg?width=974&format=pjpg&auto=webp&s=40d1682638c462f8cb3a06c8e0d04dc6a99eeb35
Once the transaction is confirmed on the blockchain, the Tether USDT will be credited to the balance sheet and you will find them in the Balances section.
Other USDT deposits can be found in the Deposit History section.
https://preview.redd.it/81j8rue1ked51.jpg?width=974&format=pjpg&auto=webp&s=d6683000c5d7ddffc124352a0be7590f43cad6d4
The full version
First part
submitted by mPrestige to revain_org [link] [comments]

Coins.ph: Pros and Cons

Coins.ph is a Philippine-made virtual wallet founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson. It is the first virtual currency provider in the country to be licensed by the Bangko Sentral ng Pilipinas (BSP) with a Virtual Currency Exchange license.
This platform allows its users to top up prepaid load; send and receive money; pay bills; avail game credits; store and convert cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Etherium (ETH), and Ripple (XRP).
Almost 5 Million customers have been using the platform in various transactions since 2014.
Since it is regulated and licensed by the Central Bank of the Philippines, safe and secure ways to make digital payments, as well as cryptocurrency buy and sell services is guaranteed to its users.
We are subject to the rules and regulations set forth by the BSP and the Anti-Money Laundering Act (AMLA).
Under strict regulatory requirements, we operate with a very high level of security, with industry-standard measures such as SSL connections to AES-225 Encryption.
- Coins.ph Support Team
https://support.coins.ph/hc/en-us/articles/360000274842-Is-Coins-ph-safe
This can be simply accessed by downloading the App directly from App Store or visiting the link: https://coins.ph
Now, let's talk about the Pros and Cons of this platform.
PROs :
• Cash in and cash out are almost available with over 33,000 partner location throughout the country.
Cash In options includes E-wallet (Coins.ph, GCash, Globe GCASH via Dragonpay, PayMaya Philippines, Inc.); Online Bank Transfer; Over-the-Counter Banking (BPI, Chinabank, UnionBank Cash Deposit); Remittance Center (Bayad center, Cebuana Lhuillier, LBC Bills Xpress, M Lhuillier ePay, Palawan Pawnshop, PeraHub, Tambunting Pawnshop); Department Stores (Robinsons Business Center, SM Bills Payment Center); International Options (Remitly, Ria Money Transfer, WorldRemit); and Kiosk Payment (Posible, TouchPay Kiosk, eTap Deposit)
For Cash Out, options includes Remittance Center (LBC Instant Peso Padala, Palawan Express Pera Padala, M Lhuillier Cash Pickup); Banks; E-wallets (GCash, GrabPay PH, PayMaya); Cash Cards (Coins.ph, BDO, RCBC, Smart Money Card); Door-to-door delivery (LBC Pesopak); Tollway Credits (Autosweep RFID, Easytrip NLEX Toll); and Cardless ATM Instant Payout available 24/7.
• No banks needed to make e-payments
• Account Verification through App or website
• Easy buying, selling, sending and receiving cryptocurrencies (Bitcoin, Bitcoin Cash, Etherium, Ripple)
• User-friendly interface
• Lots of Promotion like instant 10% cashback on prepaid load (rebate); P5 cashback for each unique bill payment and P100 cashback for 5 unique bills; 1:1 pricing for all game credits; sending funds to any bank account via instaPay free of charge; and many more.
• Can be linked to Facebook account
CONs:
• It’s compliance with Know-Your-Costumer regulation requires the users to verify private information in order to maximize spending limits. A selfie while holding government-issued ID card is a must to clear verification stage;
• Minimal range of accepted IDs for verification
• Users can’t shop around for best price on cryptocurrencies
• Higher fees applied for cryptocurrency conversion to fiat money
• Higher fees for sending and receiving cryptocurrencies
Based on the above-mentioned advantages and disadvantages in using Coins.ph, it is therefore concluded that this e-wallet is best for any transactions in PHP like buying prepaid load, paying bills or remittance purposes however, doesn’t work well for crypto-enthusiast dealing with trading cryptos due to the rates and fees.
Speaking from my own experience, coins.ph helped me a lot in saving time, energy and money since I don’t need to come visit the outlets or payment centers to complete my transactions.
Feel free to comment down your experience with Coins.ph!
submitted by jBaij to btc [link] [comments]

Transfer AUD To PHP Currency Online

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submitted by hagvu007 to u/hagvu007 [link] [comments]

How To Exchange Australian Dollar To PHP

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Convert AUD To PHP Currency

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Exchange Australian Dollar To Philippine Peso

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Where To Buy Eth To AUD

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It is very easy to get a step-by-step guide to know about Eth to AUD bank wire transfer. Are you still waiting for better Ethereum conversion rates? Set an alert and we will be responsible to tell you about the highest Eth rates. Don’t miss the latest news and enjoy the best bank and other transfer services with this site. Don’t believe a platform that is basically a scam and adds hidden markups to their conversion rates. In this way without your knowledge, it can charge you more. These charges become double if there is involved a separate fee. Bitcoinxchanger never hides charges and always intends to show real rates.
submitted by hagvu007 to u/hagvu007 [link] [comments]

Epic Cash AMA Recap with CryptoDiffer Community

CryptoDiffer team Hello, everyone! We are glad to meet here: Max Freeman (@maxfreeman4), Project Lead at Epic Cash Yoga Dude (@Yogadude), PR&Marketing at Epic Cash Xenolink (@Xenolink), Advisor at Epic Cash
Max Freeman Project Lead at Epic Cash Thanks Max, we are excited to be here!
Yoga Dude PR&Marketing at Epic Cash Hello Everyone! Thank you for having us here!
Xenolink Advisor at Epic Cash Thank you to the CryptoDiffer team and CryptoDiffer community for hosting us!
CryptoDiffer team Let`s start from the first introduction question: Q1: Can you introduce yourself to the community? What is your background and how did you join Epic Cash?
Yoga Dude PR&Marketing at Epic Cash
Hello! My background is Marketing and Business Development, I’ve been in crypto since 2011 started with Bitcoin, then Monero in 2014, Ethereum in 2015 and at some point Doge for fun and profit. I joined Epic Cash team in September 2019 handling PR and Marketing.
I saw in Epic Cash what was missing in my previous cryptos — things that were missing in Bitcoin and Monero especially.
Xenolink Advisor at Epic Cash
Hello Cryptodiffer Community, I am not an original co-founder nor am I a developer for the Epic Cash project. I am however a community member that is involved in helping scale this project to higher levels. One of the many beauties of Epic Cash is that every single member in the community has the opportunity to be part of EPIC’s team, it can be from development all the way to content producing. Epic Cash is a community driven project. The true Core Team of Epic Cash is our community. I believe a community that is the Core Team is truly powerful. EPIC Cash has one of the freshest and strongest communities I have seen in quite a while. Which is one of the reasons why I became involved in this project. Epic displayed some of the most self community produced content I have seen in a project. I’m actually a doctor of medicine but in terms of my experience in crypto, I have been involved in the industry since 2012 beginning with mining Litecoin. Since then I have been doing deep dive analysis on different projects, investing, and building a network in crypto that I will utilize to help connect and scale Epic in every way I can. To give some credit to those people in my network that have been a part of helping give Epic exposure, I would like to give a special thanks to u/Tetsugan and u/Saurabhblr. Tetsugan has been doing a lot of work for the Japanese community to penetrate the Japanese market, and Japan has already developed a growing interest in Epic. Daku Sarabh the owner and creator of Crypto Daku Robinhooders, I would like to thank him and his community for giving us one of our first large AMA’s, which he has supported our project early and given us a free AMA. Many more to thank but can’t be disclosed. Also thank you to all the Epic Community leaders, developers, and Content producers!
Max Freeman Project Lead at Epic Cash
I’m Max Freeman, which stands for “Maximum Freedom for Mankind”. I started working on the ideas that would become Epic in 2018. I fell in love with Bitcoin in 2017 but realized that it needs privacy at the base layer, fungibility, better scalability in order to go to the next level.
CryptoDiffer team
Really interesting backgrounds I must admit, pleasure to see the team that clearly has one vision of the project by being completely decentralized:)
Q2: Can you briefly describe what is Epic Cash in 3–5 sentences? What technology stands behind Epic Cash and why it’s better than the existing one?
Max Freeman Project Lead at Epic Cash
I’d like to highlight the differences between Epic and the two highest-valued privacy coin projects, Monero and Zcash. XMR has always-on privacy like Epic does, but at a cost: Its blockchain is over 20x more data intensive than Epic, which limits its possibilities for scalability. Epic’s blockchain is small and light enough to run a full node on cell phones, something that is in our product road map. ZEC by comparison can’t run on low end devices because of its zero knowledge based approach, and only 1% of transactions are fully private. Epic is simply newer, more advanced technology than prior networks thanks to Mimblewimble
We will also add more algorithms to widen the range of hardware that can participate in mining. For example, cell phones and tablets based around ARM chips. Millions of people can mine Epic that can’t mine Bitcoin, and that will help grow the network rapidly.
There are some great short videos on our YouTube channel https://www.youtube.com/channel/UCQBFfksJlM97rgrplLRwNUg/videos
that explain why we believe we have created something truly special here.
Our core architecture derives from Grin, so we are fortunate to benefit on an ongoing basis from their considerable development efforts. We are focused on making our currency truly usable and widely available, beyond a store of value and becoming a true medium of exchange.
Yoga Dude PR&Marketing at Epic Cash
Well we all have our views, but in a nutshell, we offer things that were missing in the previous cryptos. We have sound fiscal emission schedule matching Bitcoin, but we are vastly more private and faster. Our blockchain is lighter than Bitcoin or Monero and our tech is more scalable. Also, we are unique in that we are mineable with CPUs and GPUs as well as ASICs, giving the broadest population the ability to mine Epic Cash. Plus, you can’t forget FUNGIBILITY 🙂 we are big on that — since you can’t have true privacy without fungibility.
Also, please understand, we have HUGE respect to all the cryptos that came before us, we learned a lot from them, and thanks to their mistakes we evolved.
Xenolink Advisor at Epic Cash
To add on, what also makes Epic Cash unique is the ability to decentralize the mining using a tri-algo model of Random X (CPU), Progpow (GPU), and Cuckoo (ASIC) for an ability to do hybrid mining. I believe this is an issue we can see today in Bitcoin having centralized mining and the average user has a costly barrier of entry.
To follow up on this one in my opinion one of the things we adopted that we have seen success for , in example Bitcoin and Monero, is a strong community driven coin. I believe having a community driven coin will provide a more organic atmosphere especially when starting with No ICO, or Premine with a fair distribution model for everyone.
CryptoDiffer team
Q3: What are the major milestones Epic Cash has achieved so far? Maybe you can share with us some exciting plans for future weeks/months?
Yoga Dude PR&Marketing at Epic Cash
Since we went live in September of 2019, we attracted a very large community of users, miners, investors and contributors from across the world. Epic Cash is a very international project with white papers translated into over 30 languages. We are very much a community driven project; this is very evident from our content and the amount of translations in our white papers and in our social media content.
We are constantly working on improving our usability, security and privacy, as well as getting our message and philosophy out into the world to achieve mass adoption. We have a lot of exciting plans for our project, the plan is to make Epic Cash into something that is More than Money.
You can tell I am the Marketing guy since my message is less about the actual tech and more about the usability and use cases for Epic Cash, I think our Team and Community have a great mix of technical, practical, social and fiscal experiences. Since we opened our YouTube channels content for community submissions, we have seen our content translated into Spanish, French, German, Polish, Chinese, Japanese, Arabic, Russian, and other languages
Max Freeman Project Lead at Epic Cash
Our future development roadmap will be published soon and includes 4 tracks:
Usability
Mining
Core Protocol
Ecosystem Development
Core Protocol
Epic Server 2.9.0 — this release improves the difficulty adjustment and is aimed at making block emission closer to the target 60 seconds, particularly reducing the incidence of extremely short and long blocks — Status: In Development (Testing) Anticipated Release: June 2020
Epic Server 3.0.0 — this completes the rebase to Grin 3.0.0 and serves as the prerequisite to some important functional building blocks for the future of the ecosystem. Specifically, sending via Tor (which eliminates the need to open ports), proof of payment (useful for certain dex applications e.g. Bisq), and our native mobile app. Status: In Development (Testing) Anticipated Release: Fall 2020
Non-Interactive Transactions — this will enhance usability by enabling “fire and forget” send-to-address functionality that users are accustomed to from most cryptocurrencies. Status: Drawing Board Anticipated Release: n/a
Scaling Options — when blocks start becoming full, how will we increase capacity? Two obvious options are increasing the block size, as well as a Lightning Network-style Layer 2 structure. Status: Drawing Board Anticipated Release: n/a
Confidential Assets — Similar to Raven, Tari, and Beam, the ability to create independently tradable assets that ride on the Epic Blockchain. Status: Drawing Board Anticipated Release: n/a
Usability
GUI Wallet 2.0 — Restore from seed words and various usability enhancements — Status: Needs Assessment Anticipated Release: Fall 2020
Mobile App — Native mobile experience for iOS and Android. Status: In Development (Testing) Anticipated Release: Winter 2020
Telegram Integration — Anonymous payments over the Telegram network, bot functionality for groups. Status: Drawing Board Anticipated Release: n/a
Mining
RandomX on ARM — Our 4th PoW algorithm, this will enable tablets, cell phones, and low power devices such as Raspberry Pi to participate in mining. Status: Needs Assessment Anticipated Release: n/a
The economics of mining Epic are extremely compelling for countries that have free or extremely cheap electricity, since anyone with an ordinary PC can mine. Individual people around the world can simply run the miner and earn meaningful money (imagine Venezuela for example), something that has not been possible since the very early days of Bitcoin.
Ecosystem Development
Atomic Swaps — Connecting Epic to other blockchains in a trustless way, starting with ETH so that Epic can trade on DeFi infrastructure such as Uniswap, Kyber, etc. Status: Drawing Board Anticipated Release: n/a
Xenolink Advisor at Epic Cash
From the Community aspect, we have been further developing our community international reach. We have been seeing an increase in interest from South America, China, Russia, Japan, Italy, and the Philippines. We are working on targeting more countries. We truly aim to be a decentralized project that is open to everyone worldwide.
CryptoDiffer team
Great, thank you for your answers, we now can move to community questions part!
Cryptodiffer Community
You have 3 mining algorithms, the question is: how do they not compete with each other? Is there any benefit of mining on the GPU and CPU if someone is mining on the ASIC?
Max Freeman Project Lead at Epic Cash
The block selection is deterministic, so that every 100 blocks, 60% are for RandomX (CPU), 38% for ProgPow (GPU), and 2% for Cuckoo (ASIC) — the policy is flexible so that we can have as many algorithms with any percentages we want. The goal is to make the most decentralized and resilient network possible, and with that in mind we are excited to work on enabling tablets and cell phones to mine, since that opens it up to millions of people that otherwise can’t take part.
Cryptodiffer Community
To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from?
Xenolink Advisor at Epic Cash
Yes, early on this was realized and in order to scale a project funds are indeed needed. Epic Cash did not start with any funding and no ICO and was organically genesis mined with no pre-mine. Epic cash is also a nonprofit community driven project similar to Monero. There is no profit-driven entity in the picture. To overcome the revenue issue Epic Cash setup a development fund tax that decreases 1% every year until 2028 when Epic Cash reaches singularity with Bitcoin emissions. Currently it is at 7.77%. This will help support the scaling of the project.
Cryptodiffer Community
Hi! In your experience working also with MONERO can you please clarify which are those identified problems that EPIC CASH aims to develop and resolve? What’s the main advantage that EPIC CASH has over MONERO? Thank you!
Yoga Dude PR&Marketing at Epic Cash
First, I must admit that I am still a huge fan and HODLer of Monero. That said:
✅ our blockchain is MUCH lighter than Monero’s
✅ our transaction processing speed is much faster
✅ our address-less blockchain is more private
✅ Epic Cash can be mined with CPU (RandomX) GPU (ProgPow) and Cuckoo, whereas Monero migrated to RandomX and currently only mineable with CPU
Cryptodiffer Community
  1. the feature ‘Cut Through’ deletes old data, how is it decided which data will be deletes, and what are the consequences of it for the platform and therefore the users?
  2. On your website I see links to download Epic wallet and mining software for Linux,Windows and MacOs, I am a user of android, is there a version for me, or does it have a release date?
Max Freeman Project Lead at Epic Cash
  1. This is one of the most exciting features of Mimblewimble, which is its extraordinary ability to compress blockchain data. In Bitcoin, the entire history of a coin must be replayed every time it is spent, and comprehensive details are permanently stored in the blockchain. Epic discards spent transaction inputs and consolidates outputs, storing neither addresses or amounts, only a tiny kernel to allow sender and receiver to prove their transaction.
  2. The Vitex mobile app is great for today, and we have a native mobile app for iOS and Android in the works as well.
Cryptodiffer Community
$EPIC Have total Supply of 21,000,000 EPIC , is there any burning plan? Or Buyback program to maintain $EPIC price in the future?
Who is Epic Biggest competitors?
And what’s makes epic better than competitors?
Xenolink Advisor at Epic Cash
We respect the older generation coins like Bitcoin. But we have learned that the supply economics of Bitcoin is very sound. Until today we can witness how the Bitcoin is being adopted institutionally and by retail. We match the 21 million BTC supply economics because it is an inelastic fixed model which makes the long-term economics very sound. To have an elastic model of burning tokens or printing tokens will not have a solid economic future. Take for example the USD which is an inflating supply. In terms of competitors we look at everyone in crypto with respect and also learn from everyone. If we had to compare to other Mimblewimble tech coins, Grin is an inelastic forever inflating supply which in the long term is not sound economics. Beam however is an inelastic model but is formed as a corporation. The fair distribution is not there because of the permanent revenue model setup for them. Epic Cash a non-profit development tax fund model for scaling purposes that will disappear by 2028’s singularity.
Cryptodiffer Community
What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships?
Yoga Dude PR&Marketing at Epic Cash
Since we are a community project, we have many developers, in addition to the core team.
Our plans for Global expansion are simple — we have advocates in different regions addressing their audiences in their native languages. We are growing organically, by explaining our ideology and usability. The idea is to grow beyond needing a fiat bridge for crypto use, but to rather replace fiat with our borderless, private and fungible crypto so people can use it to get goods and services without using banks.
We are not limiting ourselves to one particular demographic — Epic Cash is a valid solution for the gamers, investors, techie and non techie people, and the unbanked.
Cryptodiffer Community
EPIC confidential coin! Did you have any problems with the regulators? And there will be no problems with listing on centralized exchanges?
Xenolink Advisor at Epic Cash
In terms of structure, we are carefully set up to minimize these concerns. Without a company or investors in the picture, and having raised no funds, there is little scope to attack in terms of securities laws. Bitcoin and Ethereum are widely acknowledged as acceptable, and we follow in their well-established footprints in that respect. Centralized exchanges already trade other privacy coins, so we don’t see this as much of an issue either. In general, decentralized p2p exchange options are more interesting than today’s centralized platforms. They are more censorship resistant, secure, and privacy-protecting. As the technology gets better, they should continue to gain market share and that’s why we’re proud to be partnered with Vitex, whose exchange and mobile app work very well.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Max Freeman Project Lead at Epic Cash
Because our blockchain is so light (only 1.16gb currently, and grows very slowly) it is naturally well suited to become a decentralized mobile money standard because people can run a full node on their phone, guaranteeing the security of their funds. Scalability in Bitcoin requires complicated and compromised workarounds such as Lightning Network and light clients, and these problems are solved in Epic.
With our forthcoming Mobile Mining app, hundreds of millions of cell phones and tablets will be able to easily join the network. People can quickly and cheaply send money to one another, fulfilling the long-envisioned promise of P2P electronic cash.
As an investor, it’s important to ask a few key questions. Bitcoin Standard tokenomics of disinflation and a fixed supply are well proven over a decade now. We follow this model exactly, with a permanently synchronized supply from 2028, and 4 emission halvings from now until then, with our first one in about two weeks. Beyond that, we can apply some simple logical tests. What is more valuable, money that can only be used in some cases (censorable Bitcoin based on a lack of fungibility) or money that can be used universally? (fungible Epic based on always-on privacy by default). Epic is also poised to be a more decentralized and therefore resilient network because of wider participation in mining. Epic is designed to be Bitcoin++ Privacy, Fungibility, Scalability
Cryptodiffer Community
Q1. What are advantages for choosing three mining algorithms RandomX+, ProgPow and CuckAToo31+ ?
Q2. Beam and Grin use MimbleWimble protocol, so what are difference for Epic? All of you will be friends for partners or competitors?
Max Freeman Project Lead at Epic Cash
RandomX and ProgPow are designed to use the entirety of a CPU / GPU’s unique processing capabilities in a way that other types of hardware don’t work as well. You can run RandomX on a GPU but it doesn’t work nearly as well as a much cheaper CPU, for example. Cuckoo is a “memory hard” algorithm that widens the range of companies that can produce the hardware.
Grin and Beam are great projects and we’ve learned a lot from them. We inherited our first codebase from Grin’s excellent Rust design, which is a better language for community participation than C++ that Beam currently uses.
Functionally, Mimblewimble is similar across the 3 coins, with standard Confidential Transactions, CoinJoin, Dandelion++, Schnorr Signatures and other advanced features. Grin is primarily ASIC-targeted, Beam is GPU-targeted, and Epic is multi-hardware.
The biggest differences though are in tokenomics and project structure. Grin has permanent inflation of 60 coins per block with no halvings, which means steady erosion of value over time due to new supply pressure. It also lacks a steady funding model, making future development in jeopardy, particularly as the per coin price falls. Beam has a for-profit model with heavy early inflation and a high developer tax. Epic builds on the strengths of these earlier mimblewimble projects and addresses the parts that could be improved.
Cryptodiffer Community Some privacy coin has scalability issues! How Epic cash will solve scalability issues? Why you choose randomX consensus algorithem?
Xenolink Advisor at Epic Cash
Fungibility means that you can’t distinguish one unit of currency from another, in example Gold. Fungibility has recently become a hot issue as people have been noticing Bitcoins being locked up by exchanges which may of had a nefarious history which are called Tainted Coins. In example coins that have been involved in a hack, darknet market transactions, or even processing coin through a mixer. Today we can already see freshly mined Bitcoins being sold at a premium price to avoid the fungibility problem Bitcoin carries today. Bitcoin can be tracked by chainalysis and is not a fungible cryptocurrency. One of the features that Epic has is privacy with added fungibility, because of Mimblewimble technology, Epic has no addresses recorded and therefore nothing can be tracked by chainalysis. Below I provide a link of an example of what the lack of fungibility is resulting in today with Bitcoin. One of the reasons why we chose the Random X algo. is because of the easy barrier of entry and also to further decentralize the mining. Random X algo can be mined on old computers or laptops. We also have 2 other algos Progpow (GPU), and Cuckoo (ASIC) to create a wider decentralization of mining methods for Epic.
Cryptodiffer Community
I’m a newbie in crypto and blockchain so how will Epic Cash team target and educate people who don’t know about blockchain and crypto?
What is the uniqueness of Epic Cash that cannot be found in other project that´s been released so far ?
Yoga Dude Pr&Marketing at Epic Cash
Actually, while we have our white paper translated into over 30 languages, we are more focused on explaining our uses and advantages rather than cold specs. Our tech is solid, but we not get hung up on pure tech talk which most casual users do not need to or care to understand. As long as our fundamentals and tech are secure and user friendly our primary goal is to educate about use cases and market potential.
The uniqueness of Epic Cash is its amalgamation of “whats good” in other cryptos. We use Mimblewimble for privacy and anonymity. Our blockchain is much lighter than our competitors. We are the only Mimblewimble crypto to use a unique cocktail of mining algorithms allowing to be mined by casual miners with gaming rigs and laptops, while remaining friendly to GPU and CPU farmers.
The “uniqueness” is learning from the mistakes of those who came before us, we evolved and learned, which is why our privacy is better, we are faster, we are fungible, we offer diverse mining and so on. We are the best blend — thats powerful and unique
Cryptodiffer Community
Can you share EPIC’s vision for decentralized finance (DEFI)? What features do EPIC have to support DEFI?
Yoga Dude PR&Marketing at Epic Cash
We view Epic as ideally suited to be the decentralized digital reserve asset of the new Private Internet of Money that’s emerging. At a technology level, atomic swaps can be created to build liquidity bridges so that wrapped Epic tokens (like WBTC, WETH) can trade on other networks as ERC20, BEP2, NEP5, VIP180, Algorand and so on. There is more Bitcoin value locked on Ethereum than in Lightning Network, so we will similarly integrate Epic so that it can trade on networks such as Uniswap, Kyber, and so on.
Longer term, if there is market demand for it, thanks to Scriptless Script functionality our blockchain has, we can build “Confidential Assets” (which Raven, Tari, and Beam are all also working on) that enable people to create tokenized assets in a private way.
Cryptodiffer Community
If you could choose one celebrity to promote Epic-cash, who that would be?
Max Freeman Project Lead at Epic Cash
I am a firm believer that the strength of the project lies in allowing community members to become their own celebrities, if their content is good enough the community will propel them to celebrity status. Organic celebrities with small but loyal following are vastly more beneficial than big name professional shills with inflated but non caring audiences.
I remember the early days of Apple when an enthusiastic dude named Guy Kawasaki became Apple Evangelist, he was literally going around stores that sold Apple and visited user groups and Evangelized his belief in Apple. This guy became a Legend and helped Apple become what it is today.
Epic Cash will have its OWN Celebrities
Cryptodiffer Community
How does $EPIC solve scalability of transactions? Current blockchains face issues with scalability a lot, how does $EPIC creates a solution to it?
Xenolink Advisor at Epic Cash
Epic Cash is utilizing Mimblewimble technology. Besides the privacy & fungibility aspect of the tech. There is the scalability features of it. It is implemented into Epic by transaction cut-through. Which means it allows nodes to remove all intermediate transactions, thus significantly reducing the blockchain size without affecting its validation. Mimblewimble also does not use addresses like a BTC address, and amount of transactions are also not recorded. One problem Monero and Bitcoin are facing now is scalability. It is evident today that data is getting more expensive and that will be a problem in the long run for those coins. Epic is 90% lighter and more scalable compared to Monero and Bitcoin.
Cryptodiffer Community
what are the ways that Epic Cash generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
Max Freeman Project Lead at Epic Cash
There is a block subsidy of 7.77% that declines 1.11% per year until 0, where it stays after that. As a nonprofit community effort, this extremely modest amount goes much further than in other projects, which often take 20, 30, even 50+ % of the coin supply. We believe that this ongoing funding model best aligns the long term incentives for all participants and balances the compromises between the ends of the centralized/decentralized spectrum of choices that any project must make.
Cryptodiffer Community
Q1 : What are your major goals to archive in the next 3–4 years?
Q2 : What are your plans to expand and gain more adoption?
Yoga Dude Pr&Marketing at Epic Cash
Max already talked about our technical plans and goals in his roadmap. Allow me to talk more about the non technical 😁
We are aiming for broader reach in the non technical more mainstream community — this is a big challenge but we believe it is doable. By offering simpler ways to mine Epic Cash (with smart phones for example), and by doing more education we will achieve the holy grail of crypto — moving past the fiat bridges and getting Epic Cash to be accepted as means of payment for goods and services. We will accomplish this by working with regional advocacy groups, community interaction, off-line promotional activities and diverse social media targeting.
Cryptodiffer Community
It seems to me that EpicCash will have its first Halving, right? Why a halving so soon?
Is a mobile version feasible?
Max Freeman Project Lead at Epic Cash
Our supply emission catches up to that of Bitcoin’s first 19 years after 8 years in Epic, so that requires more frequent halvings. Today’s block emission is 16, next up are 8, 4, 2, and then finally 0.15625. After that, the supply of Epic and that of BTC stay synchronized until maxing out at 21m coins in 2140.
Today we have a mobile wallet through the Vitex app, a native mobile wallet coming, and are working on mobile mining.
Cryptodiffer Community
What markets will you add after that?
Yoga Dude PR&Marketing at Epic Cash
Well, we are aiming to have ALL markets
Epic Cash in its final iteration will be usable by everyone everywhere regardless of their technical expertise. We are not limiting ourselves to the technocrats, one of our main goals is to help the billions of unbanked. We want everyone to be able to mine, buy, and most of all USE Epic Cash — gamers, farmers, soccer moms, students, retirees, everyone really — even bankers (well once we defeat the banking industry)
We will continue building on the multilingual diversity of our global community adding support and advocacy groups in more countries in more languages.
Epic Cash is More than Money and its for Everyone.
Cryptodiffer Community
Almost, all cryptocurrencies are decentralized & no-one knows who owns that cryptocurrencies ! then also, why Privacy is needed? hats the advantages of Private coins?
Max Freeman Project Lead at Epic Cash
With a public transparent blockchain such as Bitcoin, you are permanently posting a detailed history of your money movements open for anyone to see (not just legitimate authorities, either!) — It would be considered crazy to post your credit card or bank statements to Twitter, but that’s what is happening every time you send a transaction that is not private. This excellent video from community contributor Spencer Lambert https://www.youtube.com/watch?v=0blbfmvCq\_4 explains better than I can.
Privacy is not just for criminals, it’s for everyone. Do you want your landlord to increase the rent when he sees that you get a raise? Your insurance company to raise your healthcare costs because they see you buying too much ice cream? If you’re a business, do you want your employees to see how much money their coworkers make? Do you want your competitors to trace your supplier and customer relationships? Of course not. By privacy being default for everyone, cryptocurrency can be used in a much wider range of situations without unacceptable compromises.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Xenolink Advisor at Epic Cash
Epic Cash can be used as a Private and Fungible store of value, medium of exchange, and unit of account. As Epic Cash grows and becomes adopted it can be compared to how Bitcoin and Monero is used and adopted as well. As Epic is adopted by the masses, it can be accepted as a medium of exchange for store owners and as fungible payments without the worry of having money that is tainted. Epic Cash as a store of value may be a good long term aspect of investment to consider. Epic Cash carries an inelastic fixed supply economic model of 21 million coins. There will be 5 halvings which this month of June will be our first halving of epic. From a block reward of 16 Epic reduced to 8. If we look at BTC’s price action and history of their halvings it has been proven and show that there has been an increase in value due to the scarcity and from halvings a reduction of # of BTC’s mined per block. An inelastic supply model like Bitcoin provides proof of the circulating supply compared to the total supply by the history of it’s Price action which is evident in long term charts since the birth of Bitcoin. EPIC Plans to have 5 halvings before the year 2028 to match the emissions of Bitcoin which we call the singularity event. Below is a chart displaying our halvings model approaching singularity. Once bitcoin and cryptocurrency becomes adopted mainstream, the fungibility problem will be more noticed by the general public. Privacy coins and the features of fungibility/scalability will most likely be sought over. Right now a majority of people believe that all cryptocurrency is fungible. However, that is not true. We can already see Chainalysis confirming that they can trace and track and even for other well-known privacy coins today such as Z-Cash.
Cryptodiffer Community
  1. You aim to reach support from a global community, what are your plans to get spanish speakers involved into Epic Cash? And emerging markets like the african
  2. How am I secure I won’t be affected by receiving tainted money?
Max Freeman Project Lead at Epic Cash
Native speakers from our community are working to raise awareness in key markets such as mining in Argentina and Venezuela for Spanish (Roberto Navarro called Epic “the holy grail of cryptocurrency” and Ethiopia and certain North African countries that have the lowest electricity costs in the world. Remittances between USA and Latin American countries are expensive and slow, so Epic is also perfect for people to send money back home as well.
Cryptodiffer Community
Do EPICs in 2020 focus more on research and coding, or on sales and implementation?
Yoga Dude PR&Marketing at Epic Cash
We will definitely continue to work on research and coding, with emphasis on improved accessibility (especially via smartphones) usability, security and privacy.
In terms of financial infrastructure will continuing to add exchanges both KYC and non KYC.
Big part of our plans is in ongoing Marketing and PR outreach. The idea is to make Epic Cash a viral sensation of sorts. If we can get Epic Cash adopters to spread the word and tell their family, coworkers and friends about Epic Cash — there will be no stopping us and to help that happen we have a growing army of content creators, and supporters.
Everyone with skin in the game gets the benefit of advancing the cause.
Folks also, this isn’t an answer to the question but an example of a real-world Epic Cash content —
https://www.youtube.com/watch?v=XtAVEqKGgqY
a challenge from one of our content creators to beat his 21 pull ups and get 100 epics! This has not been claimed yet — people need to step up 🙂 and to help that I will match another 100 Epic Cash to the first person to beat this
Cryptodiffer Community
I was watching some videos explaining how to send and receive transactions in EpicCash, which consists of ports and sending links, my question is why this is so, which, for now, looks complex?
Let’s talk about the economic model, can EpicCash comply with the concept of value reserve?
Max Freeman Project Lead at Epic Cash
In V3, which is coming later this summer, Epic can be sent over Tor, which eliminates this issue of port opening, even though using tools like ngrok.io, it’s not necessarily as painful as directly configuring the router ports. Early Lightning Network had this issue as well and it’s something we have a plan to address via research into non-interactive transactions. “Fire and Forget” payments to an address, as people are used to in Bitcoin, is coming to Epic and we’re excited to develop functionality that other advanced mimblewimble coins don’t yet have. We are committed to constant improvement in usability and utility, to make our money system the ease of use leader.
We are involved in the project (anyone can join the Freeman Family) because we believe that simply by choosing to use a form of money that better aligns with our ideals, that we can make a positive change in the world. Some of my thoughts about how I got involved are here: https://medium.com/epic-cash/the-freeman-family-e3b9c3b3f166
Max Freeman Project Lead at Epic Cash
Huge thanks to our friends Maks and Vladyslav, we welcome everyone to come say hi at one of our friendly communities. It is extremely early in this journey, our market cap is only 0.5m right now, whereas the 3 other mimblewimble coins are at $20m, $30m and $100m respectively. Epic is a historic opportunity to follow in the footsteps of legends such as Bitcoin and Monero, and we hope to become the first Top 5 privacy coin project.
Xenolink Advisor at Epic Cash
Would like to Thank the Cryptodiffer Team and the Cryptodiffer community for hosting us and also engaging with us to learn more about Epic. If anyone else has more questions and wants to know more about EPIC , can find us at our telegram channel at https://t.me/EpicCash .
Yoga Dude Pr&Marketing at Epic Cash
Thank you, CryptoDiffer Team, and this wonderful Community!!!
Cryptodiffer TEAM
Thank you everyone for taking your time and asking great questions
Thank you for your time, it was an insightful session
Spread the love
submitted by EpicCashFrodo to epiccash [link] [comments]

Swipe Leverages Chainlink to Bring Decentralized Pricing into the Swipe Network

Swipe Leverages Chainlink to Bring Decentralized Pricing into the Swipe Network

https://preview.redd.it/ivgfmcbd6eg41.jpg?width=1280&format=pjpg&auto=webp&s=c57158ec9388c097fe129ae3799de4b0dbe8468b
Swipe recently collaborated with Chainlink, a reliable decentralized oracle network provider that offers high-security data solutions to smart contracts on any blockchain. The new integration will enable the Swipe platform to access Chainlink’s decentralized price feed oracles, particularly their ETH-USD Price Reference Contract and a custom-built decentralized price reference network for SXP-USD, representing Swipe’s native token.
Chainlink’s oracle solution will allow Swipe to create a stable, yet decentralized bridge between reliable off-chain prices and Swipe’s on-chain transactions. This is accomplished by having multiple Chainlink oracles evaluate the same data point, thus eliminating one oracle being a single point of failure or absolute truth.
Decentralized applications are only as strong as their weakest component. Hence, why highly secure blockchain-based smart contracts are insecure if being triggered by data about price conversions from a single, centralized oracle. By decentralizing the data sourcing around token price conversions for point of sale transactions, such as through the SXP-USD decentralized price feed, Swipe users get more secure, reliable, and accurate pricing when buying, selling, and spending SXP.
Additionally, Swipe is using Chainlink’s ETH-USD price feed to cross-reference against the SXP-USD price feed to allow users to spend SXP directly on Ethereum Dapps. By knowing the SXP and ETH price in USD, The Swipe platform could easily convert it using Swipe’s point of sale conversion technology.
Swipe’s CEO Joselito Lizarondo stated, “I believe this relationship is vital for Swipe users who need access to Chainlink’s trusted oracle services. By collaborating with Chainlink, Swipe will effectively address the security problems for off-chain connections that currently exist for users of the Swipe Network Wallet-Contacts.”
About Swipe
Swipe is a wallet application and card platform that grants users access to buy, sell, and pay with 20+ digital currencies. Through its proprietary Swipe Network, users are enabled to convert digital currencies to fiat currencies on-demand. Swipe is headquartered in London with additional locations in the United States, Estonia, and the Philippines. Its mission is to enable users around the world access to financial services tied into digital currencies. The Swipe Wallet is available both on the Apple iOS and Google Play app stores. Learn more about Swipe by visiting Swipe.io, Twitter or Facebook.
About Chainlink
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to great companies like Google, Oracle, SWIFT, and many other large enterprises, as well as many of the world’s best smart contract projects/teams such as Web3/Polkadot, Synthetix, Loopring, Aave, Kaleido, OpenLaw, Reserve, and many more.
Learn more by visiting the Chainlink website, Twitter or Reddit. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.
submitted by SwipeWallet to Swipe_io [link] [comments]

Abra Explained!

With the announcement of Abra Global accepting Litecoin along with 19 other great crypto currency projects.
https://twitter.com/satoshilite/status/974445868282650624?s=21
https://twitter.com/billbarhydt/status/974308529451368449?s=21
There have been some mixed emotions. Most, in my belief, due to not fully understanding the product. I took some time to clarify a few things and possibly answer some of the questions you might be having.
Users can deposit money through means of: -US domestic wires for 2-30k per day, no weekly or monthly limits.
-Bank deposit (US & Philippines for now) 1.5-2% Teller Fee for PH Banks 0% Fee for US Banks
-BTC deposit Network Fees
-Credit Card(Amex)/Debit (ACH) transactions More to come) 4% Fee for Amex
Once the funds are on the platform though you can convert fiat/BTC for ANY of the 70 currencies listed including fiat currencies without supported banks yet. You can even exchange fiat for fiat USD -> GBP.
This is possible by means of use of stablecoins. Here is a link to how stablecoins work:
https://hackernoon.com/stablecoins-designing-a-price-stable-cryptocurrency-6bf24e2689e5
TL;DR Stablecoins are paired with a fiat that holds its value relative to a foreign markets rather than a crypto exchange, so the price will not be as volatile. All stable coins are hedged against the market through the use of smart contracts through Litecoin and Bitcoin networks.
Additionally: Abra will pay the difference if you want to cash out fiat stablecoins. (Example: if you put $100 USD into EUR and it gained 6% you would keep the gains, less any fees)
Trading If you would like to trade any of the Crypto Currencies for Fiat, all trades are fee-less (crypto->crypto, crypto->fiat, or fiat->fiat)
Any withdrawals currently only charge 1.5-2% for PH Banks, 0% for US banks, & Network Fees for BTC withdrawals. Users can also do US Bank wire withdrawals
Additional Tip: If you use UnionBank, they can do OTC cash deposits into the app even if you aren't a UnionBank account holder and they do not have fees.
Pros -2-3 Business Day Bank deposit -> 5-7 day Coinbase -Fee-less trading -70 supported currencies (through use of 20 crypto currencies and 50 Fiat stablecoins) -Non-custodial wallet (you control private keys)
Cons -Only US & Philippines Banks/ BTC for deposits -Can only withdrawal via US & Philippines Banks, or BTC -Can not transfer to external wallets -Segwit not activated
KYC can be viewed either Pro or Con, but they do require a KYC. Very small though:
-Name -Country -Email -Phone Number
It took me about 5 minutes to completely sign up, add my bank info and transfer some BTC.
Solutions Abra is working to add more banks in the future, in the meantime users can still hold their preferred currency through the use of the fiat stablecoins.
https://www.abra.com/blog/20-new-cryptocurrencies/
"Abra will be adding native support for LTC & ETH deposits in the coming weeks."
Currently Abra is working on support for transfer from Ledger Nano wallets
https://twitter.com/crypto_trojan/status/974339057927929856?s=20
Segwit support is also on their road map & they plan to have it released within the coming months.
Sidenote: For anyone wondering how they make money. Abra Global make their funds off of the exchange spread which = difference between the sell and buy price via market orders.
Add any questions you might have. I'll try my best to answer them or point you in the right direction.
Ryanfromabra may be able to answer some questions from a customer operations point of view
Maybe coblee, Losh11 might be able to explain more technicals
ecurrencyholder and I have reached out to @billbarhydt on Twitter to possibly set up an AMA and Livestream, to be set at a later date! Stay tuned.
Any supporting links or thoughts are always appreciated! Thanks for your time.
To the moon! 🚀
submitted by Orbitzz1 to litecoin [link] [comments]

10 Blockchain Companies To Watch In Asia

10 Blockchain Companies To Watch In Asia

https://preview.redd.it/bjix9mvdw2m31.png?width=864&format=png&auto=webp&s=0c7b463f7bcf30dfe1bff31aa70b33ca6e002e8f
Article by Forbes: Joresa Blount
In 2018, Asia was one of the leading regions in terms of growth of blockchain jobs, cryptocurrency usage, innovation, and general openness. Despite some early woes with China banning ICOs, China still produces nearly 70% of crypto mining activity.
For users and entrepreneurs, the Asian ecosystem is in general a friendly one. For example, in Singapore Bitcoin is taxed as a good rather than a currency, setting a 7% flat tax for trades or purchases using Bitcoin. In Japan, messenger giant, LINE, was just granted a crypto exchange license from the Japanese financial regulator. In Korea, news just broke that the country’s largest entertainment company would be launching its own token.
Besides the name brand companies that are exploring crypto solutions, there are hundreds of innovative startups and founders looking to radically disrupt their respective industries with blockchain technology. This list contains ten innovative blockchain startups based in Asia worth watching, including exchanges, fintech startups, and more.
Today In: Innovation
1. Level01
Level01 is the world’s first broker less derivatives exchange in collaboration with Thomson Reuters. Through using blockchain technology, the platform eliminates middlemen while providing a decentralized trading experience. Users can trade derivatives and options in forex, cryptocurrencies, commodities, stocks and indices, all from the Level01 platform and app.
Level01 does this by using Distributed Ledger Technology (DLT) for transparent and automated trade settlement on the blockchain, with their unique Artificial Intelligence (AI) analytics called Fairsense that provides fair value pricing dynamically to counterparties in a trade, based on current and retrospective market data from Thomson Reuters. The platform and app are currently undergoing stringent beta testing by 50 experienced traders.
2. Galaxy Pool
Galaxy Pool, also known as GPO, is a brand-new asset issuance style on blockchain that utilizes intelligent contracts for initial digital asset issuance. In general, GPO assets can be best described as mining machines used to explore various kinds of digital assets that can obtain value-added benefits of GPO through the repurchase and destruction of pond profits.
With this brand-new asset issuance style on blockchain, more humanistic investment opportunities with free withdrawal rights can be provided to investors.
3. Biki
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 220 trading pairs. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 1.5 million registered users, 130,000 daily active users, over 2000 community partners and 200,000 community members in under a year.
BiKi’s competitive advantages include helping projects with marketing, influencers, brand awareness, and community growth in the Chinese markets and abroad. With a global approach, BiKi also helps Chinese companies go global and international companies penetrate Chinese markets.
4. Whitebit
With a global team of over 100 people, Whitebit is a professional digital asset trading platform that services most major Asian markets via a European license. The exchange holds 95% of user funds in cold wallets and offers users an intuitive user interface with real-time orderbooks, charting and technical analysis tools, and automation features. Whitebit’s major competitive advantage is processing speeds of up to 10,000 trades every second and 1,000,000 TCP connections.
Whitebit has also announced the release of S.M.A.R.T. Box, a program that allows users to budget and allocate funds based on unique plans with varying durations and interest rates. Next is the launch of margin trading in Q4 2020, as well as mobile iOS and Android apps and an eventual US license.
5. Opu Labs
Opu Labs is creating the self-care business model of the future starting with the skincare space. There are over 1.2 billion online skincare consumers with a $3 billion digital services business. Opu Labs helps make the decision-making process easier by offering free advice powered by AI, rewarding users for their purchase data using blockchain technology, and using robust technologies to connect brands and consumers.
Under the leadership of CEO Marc Bookman, Opu Labs was named in the top 25 healthcare solutions by CIO Applications and won the start-up GrandSlam in Singapore. To date, $2m in rewards have been earned on the platform and the company will be releasing their long-awaited apps soon.
6. Coinsbit.io
Thanks to his vast expertise, experience, and sense of the market, Nikolay Udianskyi created a high-quality crypto exchange called Coinsbit.io. Now leading the Asian crypto market, Coinsbit was named the best 2018 crypto exchange at Asian Blockchain Life 2019.
Coinsbit is planning to further distinguish itself from the competition through a series of novel functions. Among its plans is a P2P microfinancing lending service that will enable users to borrow and lend money on the platform. Coinsbit will ensure privacy for all users and will not require borrowers to show their credit history. An additional planned feature is an invest box service, which will reward users who deposit cryptocurrency by paying them interest on various coins.
7. GST Coin
GST is a comprehensive digital application platform which integrates encrypted payment currency, blockchain and artificial intelligence technology. It is dedicated to providing the most valuable intelligent digital asset service for every user and creating a new GST digital public chain in a diversified market structure. GST project is committed to using the most advanced technology to create the most perfect user experience, and it has always been in the forefront of the market in the decentralized security sharing architecture.
GST was born out of MHC Asset Management Corporation, a high-tech enterprise engaged in R&D and innovation of blockchain technology. Their executive team includes CEO Ms. Zhang Qun and other leading technologists and entrepreneurs in China.
8. Columbu
Columbu (CAT) is a global community-based open-source blockchain project that has been active since 2017. Under CTO David Su, CAT’s main focus is building a high-performance DAPP development platform and community encouraging and autonomous system based on software and hardware combined GCloud Everest computing platform. This is the world’s first public blockchain (distributed cloud) using CUDA and blockchain technology.
The project will allow for a worldwide distributed and free economic collaborative network of intelligent economies. This will happen through a community incentive mechanism and autonomous system to build in real-time. The project has an ambitious roadmap that will include growing its global developer community and other projects within their ecosystem.
9. KBC
Registered in Singapore, KBC is the powering token of a global financial infrastructure and range of products focused around gold. These products include an innovative Voice-over-Blockchain smartphone called IMpulse K1, a crypto payment merchant processor called K-Merchant, and a cryptocurrency exchange and trading platform. Together these products and entities combine to form the Gold Imperium, the company’s financial ecosystem.
The company has attracted heavy interest from users who have seen the benefits of having both gold and cryptocurrency exposure, as well as the ease of use of being able to use each day to day through tokens such as KBC. As both markets expand, keep an eye on KBC.
10. TEXCENT
TEXCENT is a Singaporean blockchain and fintech startup focused on fully-integrated solutions for remittance, payments, and microfinancing. Using blockchain technology, the company wants to provide seamless and convenient digital financial services solutions to Asia and the world. TEXCENT is currently focusing on the Philippines, Vietnam, Thailand as these markets will grow exponentially in the next 5 years.
Their current products include PAYCENT, an app and hybrid wallet, as well as TEXCENT, a remittance solution with zero fees. TEXCENT has already acquired a remittance license from the Monetary Authority of Singapore (MAS) and is in the process of getting similar licenses for UK, Malaysia and Hong Kong in the coming months. The company is also a member of the Singapore Fintech Association.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

r/Bitcoin recap - May 2018

Hi Bitcoiners!
I’m back with the seventeenth monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2018
submitted by SamWouters to Bitcoin [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 33

SWISSBORG´S DAILY INSIDER - WEEK 33
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17. August, 2018

QuizzBorg Starting TODAY!
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Last chances to register: https://survey.swissborg.com/
Binance LCX Launches Fiat-to-Crypto Exchange in Liechtenstein Binance LCX has launched a fiat-to-crypto exchange in Liechtenstein, offering trading between Swiss francs and the euro against major cryptocurrency pairs.
Unstoppable Scams? Ethereum's Gambling Problem Is Only Getting Worse Concern for user safety on ethereum is growing, in part, due to the warning cries of gambling dapp developers themselves who warn danger is afoot
Huobi Launches Partner Exchanges in Russia, Philippines, Taiwan, Indonesia, Canada Huobi and its partners are launching cryptocurrency exchanges in 5 regions. Partners “share Huobi’s order integration system, wallet system, asset management and clearing systems.” → Notes From the Brink: Reasons Behind the Crypto Bear Market Cointelegraph takes stock of a week in which double-digit losses wreaked havoc on many high-profile cryptos, and Bitcoin (BTC) momentarily fell through its $6,000 support.
Daily Performances
The markets generally are now showing signs of recovery.Today's above average bounce surely marks revived investor interest, and leaves the cryptocurrency printing a 36 percent gain since the low set two days ago. A much longer period of time for consolidation as well as recovery in small caps would be necessary to see the market try of upside.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/2ziivi3imng11.png?width=1045&format=png&auto=webp&s=67c21b6202243afaa73dd16b4baceebe24bfd1d8
Technical Analysis - BTC Bitcoin was seen up, with some gains over 3%, after several down days. BTC/USD upside seen, however running into resistance ahead of the $6500 area with various spikes of volatility. At this time we are waiting to see if the $6,000 level holds or if it is broken. Breaking below it would be a very negative signal and we would expect lower prices in the $4,000-$5,000 range.
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16. August 2018

QuizzBorg Starting TOMMOROW!
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Last chances to register: https://survey.swissborg.com/
Reality Shares Will Join Increasingly Crowded Bitcoin Hedge Fund Arena, Says SourceAn anonymous source says blockchain ETF operator Reality Shares wants to launch a Bitcoin hedge fund.
Another Top-5 Cryptocurrency Exchange Plots Move to Malta's 'Blockchain Island'Another top-five cryptocurrency exchange, Zb.com, has announced that it will move to Matla, joining firms such as OKEx and Binance on "Blockchain Island."
LINE Launches $10 Million Token Fund, Lists TRON on Crypto ExchangeJapan’s largest messaging app LINE has established a new corporate token venture fund with $10 million in capital for startups in the blockchain and crypto industry.
South Korea Budgets $880 Million for Tech Including BlockchainThe South Korea government will invest over $880 million next year in order to boost the development of innovative technologies including blockchain.
Daily Performances
BTC appears to have stabilized but "risk off" still seems to be the main theme in peripherals as the weekly performance of most large cap coins ranges from -10% to -20% versus unchanged for only BTC, XLM and LSK. This can be even more clearly seen with monthly performance of BTC -6% versus ETH -40%. A much longer period of time for consolidation as well as recovery in small caps would be necessary to see the market try of upside.
Weekly Top 5 Price comparison - BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/mxtzhq546ig11.png?width=1080&format=png&auto=webp&s=c72ffebc3e905acefa0c551654f5dfce8d78baec
Technical Analysis - BTC
BTC remains in a downtrend while still holding the $6,000 level with various spikes of volatility. At this time we are waiting to see if the $6,000 level holds or if it is broken. Breaking below it would be a very negative signal and we would expect lower prices in the $4,000-$5,000 range.
https://preview.redd.it/53v9aqvnmng11.png?width=1313&format=png&auto=webp&s=155022e3751cc4902ce3198337a81dc93469304d

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Wednesday, 15. August 2018

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Last chances to register: https://survey.swissborg.com/
Goldman Sachs And J.P. Morgan Join $32M Series B in Enterprise Blockchain Startup AxoniSeveral of the largest financial institutions in the world are investing in this enterprise blockchain startup, and actually using the technology.
Jeju Island Aims to Become ICO & Blockchain Hub Inspite of South Korea BanSouth Korea’s Jeju island is proposing a plan to become a blockchain haven wherein ICOs would be allowed in the autonomous province despite the ongoing ban in the mainland.
Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market?Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent.
Coinbase Says It Was Signing Up 50,000 Users a DayCoinbase Inc., was signing up 50,000 new customers a day last year, Chief Executive Officer Brian Armstrong said at the Bloomberg Players Technology Summit in San Francisco.
Daily Performances
Several attempts to push BTC convincingly below $6,000 has failed. The broad market has seen a temporary recovery of sentiment that has also reached the altcoin space. Having said that, technicals indicate further short term weakness and Emerging Market contagion could potentially still cause "risk off" activity in the crypto space.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/96ib94fu4ig11.png?width=1045&format=png&auto=webp&s=06f87889da3df9bb73d1c7ecef4275d09d82a030
Technical Analysis - BTC
BTC remains in a downtrend while still holding the $6,000 level with various spikes of volatility. At this time we are waiting to see if the $6,000 level holds or if it is broken. Breaking below it would be a very negative signal and we would expect lower prices in the $4,000-$5,000 range.
https://preview.redd.it/meu8lazc5ig11.png?width=1313&format=png&auto=webp&s=aecb35d86bf9403ba571e5c89f0c28c8622da72a
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Tuesday, 14. August 2018

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https://survey.swissborg.com/
Turkish Bitcoin Volume Soars as Traders Flee the LiraTrading volume on Turkish cryptocurrency exchanges has soared over the last 24 hours as citizens have sought refuge from the weakened lira.
XRP Cryptocurrency Now Down 90% From 2018 Price HighXRP, the world's third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.
Hong Kong University Receives $20 Mln Research Grant for Payment Systems, BlockchainThe Hong Kong University of Science and Technology Business School has received a $20 million research grant to improve the security capabilities of electronic payment systems.→ Coinbase Index Fund Reduces Fee and Adds Ethereum Classic (ETC)Coinbase has reportedly reduced the annual management fee for its index fund from 2% to 1% for all new and existing investors, in an effort to promote institutional adoption.
Daily Performances
Both sentiment and technicals look extremely weak. Emerging Market contagion coming from Turkey seems be creating similar "flight to safety" dynamics within the crypto market as can be seen by BTC dominance rising to 53% an ETH/BTC dropping to 0.045. However, we have yet to see enough safe haven buying to raise the overall market cap of crypto assets. For BTC/USD, $5,800-$6,000 level would be critical to hold for the short term, otherwise indicating further drops.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/io0ids8911g11.png?width=1045&format=png&auto=webp&s=01c49eba4542c031c7672a66c38c948b4662a7b8
Technical Analysis - BTC
BTC remains in a downtrend while still holding the $6,000 level with various spikes of volatility. At this time we are waiting to see if the $6,000 level holds or if it is broken. Breaking below it would be a very negative signal and we would expect lower prices in the $4,000-$5,000 range.
https://preview.redd.it/5b7hlqjl11g11.png?width=1313&format=png&auto=webp&s=876bcf550d5e11de4eb091f9e619f6eee1223108
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Monday, 13. August 2018

$43 Billion Wiped Out of Crypto in 5 Days as Bitcoin Price Rebounds Over the past 24 hours, Bitcoin, Ethereum, and Bitcoin Cash recovered by around four percent, as the crypto market added $8 billion to its valuation.
Stablecoins Gaining Popularity in India to Minimize Central Bank’s ImpactA growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms.
Study: Crypto Funds Number 466 Despite Trends, Uncertainty The number of crypto hedge and venture capital funds is increasing at a fast pace this year, already reaching a total of 466, despite the bearish market trend and continuing regulatory uncertainty.
In Rare Decision, ICO Founders Will Delay Crypto Paydays – For a Decade Nebulas raised $60 million in an ICO in December, but in order to help its team focus on completing its tech, it's extending its team's token lockup.
Daily Performances
Cryptocurrencies are seeing a "flight to safety" as BTC dominance rises about 50% and even ETHBTC drops the lowest level of the year (0.05). Recent lackluster performance of the entire market will probably keep participants focused on enjoying their summer vacations.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/0xbtt53istf11.png?width=1045&format=png&auto=webp&s=373f65b2e02f5d28516fa0af390feb2911b51683
Technical Analysis - BTC
At current spot prices, Bitcoin bulls are doing a pretty nice job preventing further depreciation. Nevertheless, despite their efforts, prices are still trending inside Aug 10 bear candlestick and are more than $500 away from breaching and even closing the main trigger line at $6,800. For now, we shall retain a bear outlook.
https://preview.redd.it/ll6kuz3mstf11.png?width=1313&format=png&auto=webp&s=eea9820e65fb7fd49381cde9469af034a0b507fe
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Many thanks to Mariem @SwissBorg for providing us with THE latest news.
Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes.
Copyright © 2018 SwissBorg, All rights reserved
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Paano kumita sa Coins ph sa pag Buy and Sell ng Bitcoin (BTC 2019) BITCOINS IN THE PHILIPPINES Best Online Stock Brokers in the Philippines 2020  Includes Platform Walk-through Bitcoin Trading Philippines - YouTube Best Forex Brokers In Philippines 2020 (Beginners Guide ...

You can also buy, sell, and trade using a crypto trading platform, the subject of this article. All the exchanges listed here are BSP-licensed. This means they are based in the country, allowing users to do crypto-Php trades and even reach out to them via customer support. Listed below are 5 of the best online trading platforms in the Philippines today: 1. Philstocks. Philstocks, the online trading platform of Accord Capital Equities Corp. (formerly All Swerte Securities) began serving the Filipinos in terms of online stock brokerage in the year 2001. eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins. refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to take your pick. Another way to buy Bitcoin in the Philippines is through automated teller machines (ATMs). One of Philippines’ largest commercial banks Offering great Bitcoin pairs like JPY, GBP, EUR, USD it makes for one of the best Bitcoin trading platform in the industry. Also, I personally love the security, it uses two-factor authentication just like any other security conscious Bitcoin market, in addition to its PGP and GPG encryption algorithms. Bitcoin Trader is the best trading platform for complete beginners. What it has to add compared to the platforms listed in this review, is the fact that it is an automated trading platform.

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Paano kumita sa Coins ph sa pag Buy and Sell ng Bitcoin (BTC 2019)

Learn the basics of Bitcoin Trading in Philippines for beginners. In this video I will show how to Buy and Sell or Trade btc to other altcoins. I will also s... Best Way To Buy Bitcoin Instantly (I Ditched Coinbase) - Duration: 8:40. Hashoshi 61,991 views. ... A Complete Idiots Guide To The Binance Trading Platform - Duration: 24:39. "Bitcoin will do to banks what email did to the postal industry" - Rick Falkvinge, Founder of the Swedish pirate party. This video is a glimpse of how important I think Bitcoin is and how I use it ... The best forex brokers in Philippines that accept Philippine traders. IQ Option – https://www.fxbeginner.net/go/iqoption ExpertOption– https://www.fxbeginner... Today, Maria will show you exactly how to do it here in the Philippines! Learn how to do so through banks transfers and bitcoin ATMs. If you want to learn how to cash out in general let us know!

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