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Showing posts from August, 2020

What is XRP ? all you need to know.

  What Is XRP? XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. How Is XRP Used? Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space. Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases. BUY XRP RippleNet RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital. Xpring Xpring is Ripple’s open developer platform for

What is Ethereum (ETH) ? all you need to know .

  What Is Ethereum? Ethereum is a smart contract platform that enables developers to build decentralized applications (DApps) on its blockchain. Ether (ETH) is the native digital currency of the Ethereum platform. Ethereum is supported in part by the Ethereum Foundation, a non-profit that is part of the larger Ethereum ecosystem including enterprise Ethereum consortiums like the Ethereum Enterprise Alliance. How Does Ethereum Work? Vitalik Buterin first conceptualized Ethereum in 2013 with the idea of developing an open-source blockchain platform different from Bitcoin (BTC), thus pioneering smart contracts. On the Ethereum blockchain, a smart contract behaves like a self-operating computer program that automatically executes when specific conditions are met. Blockchain allows smart contracts’ code to be run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. The Ethereum network went live on July 30, 2015, with 73 million Ether pre

What is Bitcoin (BTC) ? How does it work ? all you need to know.

  What Is Bitcoin? Bitcoin is a completely decentralized digital cryptocurrency. Unlike US dollars that you can hold in your hand (or in your bank account), there is no central authority or centralized payment system controlling Bitcoin. Instead, Bitcoin operates in a peer-to-peer network that allows anyone in the world to send and receive Bitcoin without any middleman (like a bank, central bank or payment processor). Although there are thousands of cryptocurrencies ranked on CMC today, Bitcoin was the very first cryptocurrency ever created. On Oct. 31, 2008 a person (or group of people) under the pseudonym “Satoshi Nakamoto” published the now-world famous  Bitcoin white paper . The first line reads: “A purely peer-to-peer version of electronic cash, which would allow online payments to be sent directly from one party to another without going through a financial institution.” The Bitcoin network then launched on Jan. 3, 2009, marking the start of the cryptocurrency revolution. How Does

Top 3 Best Cryptocurrency Exchanges In India 2020

  After the ruling of the Supreme Court was made in the favor of cryptocurrency, India saw a boom in investment from traders and buyers who wanted to try their luck in the cryptocurrency market. This boom not only brought a number of international cryptocurrency exchanges to India but also led to the development of multiple domestic cryptocurrency exchange platforms and trade markets to cater to the Indian populace. In order to assist investors and buyers in choosing the best platform for all their cryptocurrency trades, here is a curated list of the Best Cryptocurrency exchanges in India. 1) WazirX :  WazirX is considered as an underdog champion in the field of domestic cryptocurrency exchange platforms. The platform was created in 2017 and soon gained huge popularity among investors and users. The platform conducts regular security audits to ensure the safety of its user’s investments and keep the platform safe and secure. The platform also provides its users with a peer to peer tra

Polkadot (DOT) jumps to 6th place by market capitalization and why it has the potential to become one of the top-3 crypto ?

  Over the past few weeks, Polkadot (DOT) has secured sixth place in the ranking of all cryptocurrencies by market capitalization, ahead of Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV) and Cardano (ADA). The road to get there was an eventful one. The cryptocurrency was listed on several exchanges, including Binance and Binance, at a price of around USD 3 on August 19. After the start of trading, DOT initially peaked at USD 5.75, whereupon an immediate reversal took place and the DOT price fell rapidly to as low as USD 2.50. The slump was followed by a period of consolidation, with DOT showing a steady upward trend. In the last week Polkadot's capitalization has risen by 120% and has taken sixth place in the ranking of all cryptocurrencies by market capitalization.   What makes Polkadot (DOT) so promising? One of the main reasons for Polkadot’s rapid rise in price could be the comparisons with Ethereum. The booming DeFi ecosystem, which is primarily based on Ethereum, has le

Telos Tokenizes Real Estate in Croatia

  Telos , a fork of open-source EOS that claims to be one of the most active blockchain platforms in the world (according to   Blocktivity  and   CryptoDiffer) , says that no-code DApp development platform   Katalyo   will be using the Telos blockchain to tokenize real estate in Croatia. According to a release from Telos, the tokenized property has an approximate value of €30 million. Telos claims that several individual portfolios will be tokenized with investors receiving dividends via stablecoins generated from rental revenue. Two tokens are expected to be issued, one representing ownership of the real estate, and the second a stablecoin for dividend payouts. Katalyo will facilitate the process including managing investor purchases, along with necessary KYC/AML processes and the ability to sell the securities. Douglas Horn , Chief Architect of the Telos Blockchain, said we are at the dawn of a tokenization revolution regarding property investment: “Telos has been building tool-sets

Cardano hodlers can now directly buy from Amazon, Nike, Starbucks and many more!

    EMURGO , a global blockchain solutions provider & a founding entity of the Cardano protocol, announces today a strategic partnership with   Bidali   - a Canadian payment processor that offers next generation digital currency payment solutions. The partnership enables ADA holders to directly purchase items from more than 1,200 major retail brands, such as Amazon, Nike, Starbucks, Airbnb, and many more via Bidali’s online gift card platform. Through Bidali’s gift card site  giftcards.bidali.com, as well as  partner ecosystems which include a variety of wallets and exchanges, ADA users are able to purchase name-brand retail gift cards to use in a desired region with their ADA at an equivalent fiat value. In line with EMURGO’s objective to drive global Cardano ADA adoption, this strategic partnership offers another real world, commercial use case for ADA and further increases its liquidity. This news comes just a few weeks after EMURGO announced another  partnership with OTA Traval

Why Consent Matters In Brave & BAT

  Brave Browser and all other Brave Inc associated products require the consent of their users before ads or other sponsored content is shown to them. Many Brave community members may see this as a positive step towards data protection and privacy. However, this consent system is far more critical to Brave than you might think. Without the consent of users, Brave wouldn't be allowed to show ads at all. Why? because Brave doesn't own the content. Brave Browser shows ads when people use it to browse the web. The content or websites people visit are not owned by Brave. Hence, it is illegal for Brave to show ads in them. If Brave shows ads without user consent, the content producers will sue Brave and forcibly shut it down. In fact, some publishers tried to shut Brave down even before it could materialize. Wired  reported on April, 2016 : Earlier this year, Eich's company Brave Software unveiled a browser that automatically blocks third-party ads and blocking scripts. Such a to

The Robonomics token is trading for $95,000 each on Uniswap

  Robonomics’ lifetime subscription token is trading for close to six-figures on Uniswap. The highly-anticipated launch of Polkadot’s (DOT) mainnet has seen many smaller crypto assets associated with the project explode recently. Both tokens of the distributed ledger technology (DLT)-powered robotics and Internet-of-Things (IoT) project Robonomics have been among those to surge alongside Polkadot, with the price of its utility token XRT increasing 10 times earlier this month. However, Robonomics’ “lifetime subscription token,” Robonomics Web Services (RWS), has also posted massive gains — becoming the first crypto token to trade for more than $100,000 when it tagged $116,000 in recent weeks. RWS’s extreme price owes to the token’s minute supply, with only 50 coins currently circulating from a maximum supply of just 100 tokens. While the first 50 tokens were distributed via the XRT/RWS pairing on Uniswap, the remaining coins have been “reserved for academia and non-profit organizations.

Indian crypto P2P market size triples despite regulatory uncertainty

  In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum. Even as  fears of another blanket ban  on India’s digital asset market linger on, peer-to-peer Bitcoin trading within the Asian powerhouse is still surging, hitting all-time highs over the first week of August.  This immense growth was initially spurred by the Supreme Court’s unequivocal decision earlier in March 2020 to repeal an unconstitutional circular imposed by the Reserve Bank of India  forbidding local banks and various financial institutions  from providing services to crypto exchanges and investors. According to data aggregated by peer-to-peer Bitcoin ( BTC ) marketplaces Paxful and Localbitcoins, weekly trading volumes in India have been gaining ground consistently since April. For example, during the first week of August, BTC’s local trade quota stood at $4.4 million, a sharp increase from the $1.52 million weekly trade volume that was witnessed during the f

Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing

  Bitcoin’s latest price drop has a silver lining – it has forced out weak hands in the derivatives market and potentially opened the doors for a more sustainable rally to recent highs.  The top cryptocurrency by market value fell by over 3.5% to levels near $11,100 on Tuesday, according to CoinDesk’s   Bitcoin Price Index . The price drop triggered sell liquidations, the forced unwinding of long trades, worth nearly $50 million in perpetuals (futures with no expiry) listed on cryptocurrency exchange BitMEX, according to data source   Skew. “The positives of last night's move was that it cleared out a lot of the weak leverage longs,” Singapore-based QCP Capital said in a Telegram post, in reference to the perpetuals liquidations.  “Weak longs” is the term used to describe traders lacking confidence or resources to hold assets for the long haul. Usually, it’s the retail crowd that exits the market or is forced out on minor price dumps or pumps. Markets often shake out weak hands wit

Bitcoin Index Fund Filed With SEC

The U.S. Securities and Exchange Commission (SEC) has published a new filing for a bitcoin fund, submitted by Fidelity Investments’ head of strategy and planning. The SEC published Wednesday a Notice of Exempt Offering of Securities (Form D) filing for a new bitcoin fund. The issuer is Wise Origin Bitcoin Index Fund I, incorporated in Delaware this year. The minimum investment for this new bitcoin fund that will be accepted from any outside investor is $100,000. Fidelity Brokerage Services and Fidelity Distributors Company will receive sales compensation. Peter Jubber, Head of Strategy and Planning at Fidelity Investments, is listed as “the President and a director of FD Funds GP LLC, the general partner of the issuer.” Jubber has also filed Form D with the SEC for two other funds of similar names that do not mention bitcoin: Wise Origin Fund I and Wise Origin Fund II. The former was filed in January and the latter in April. A person familiar with the matter told Bloomberg on Wedn