Tron’s DeFi Ecology is Increasingly Popular, What Can it Offer to Cell Protocol?

Tron’s DeFi Ecology is Increasingly Popular, What Can it Offer to Cell Protocol?

If the king of digital currency in 2019 is IEO, then the award shall go to DeFi in 2020. Ever since the Bitcoin block reward halved in May this year, the focus of the entire digital currency market has shifted to DeFi.

According to statistics from DeFi Market Cap, on April 14, the total market value of DeFi reached US$1 billion; on June 9, the market value reached US$2 billion; on June 25, the value exceeded US$6 billion; on July 5th, the number reached $7 billion. In terms of the total market value, the scale of lock-up, and the DeFi related token price, DeFi have shown rapid growth.However, with the rise of DeFi, problems occurred: 1) Incomplete blockchain infrastructure needs to be strengthened. 2) Whether market applications can truly attract users and create value remains to be tested 3) Building a DeFi ecosystem requires a two-way choice between projects and public chains. Faced with these problems, Tron has offered us an effective solution, a Tron DeFi ecosystem. In recent months, Justin Sun has been working hard to promote Tron’s DeFi ecosystem, triggering a big number of projects launch on Tron, despite that they have launched on ETH already. During that period, Justin Sun released the lending platform JUST Lend, TRON wBTC JUST BTC and the decentralized trading platform JUST Swap all in one go, completing the DeFi ecosystem in Tron.

Compared with the high handling fee in ETH, the DeFi projects in Tron is much user-friendly with a little handling fee, attracting many users. In addition, Tron’s two major user traffic portals, BitTorrent and Tron version of USDT, are both large user traffic, and the traffic of Tron APP always ranks top among all public chains, offering a huge user base to the DeFi projects on Tron. More importantly, Tron claims to be one of the few public chains that can deploy smart contracts POS mechanisms while be compatible with the public chain of the Ethereum virtual machine. Therefore, if those DeFi projects on Ethereum wish to transfer to Tron, they only need to pay a little fee. Based on Tron’s official statement, it may take about half a year for a project to move from ETH to another public chain, yet it only takes one or two weeks to move to Tron. The rapid transfer speed, huge user base, and perfect infrastructure have made Tron popular. Many projects are looking forward to seizing the opportunity to become a part of the ecosystem, and Cell is one of them. Recently, the Cell Protocol team released its white paper, indicating that Cell Protocol will launch Tron DeFi ecosystem soon.

Cell is a decentralized oracle network based on blockchain technology. The Cell oracle addresses the problem of price up-chaining through a decentralized incentive scheme, the Price Oracle. At present, the quotation mode of mainstream oracles on the market is basically uploaded by nodes and verified by voting, with the biggest drawback of lacking a guarantee of the correctness of the uploaded price. In a decentralized world, any risk of centralization may cause the entire system to collapse. Unlike the other oracles that obtain data from trusted third parties outside the chain, Cell’s incentives allow prices to be formed directly on the chain. Participants of the Cell protocol need to invest real money to be responsible for their own words, and the agreement will also encourage those who are brave enough to speak. No authorization is required for the quotation system: anyone is free to enter or exit to participate in the quotation without system verification, and the arbitrageur can take the order to verify, and then the agreement generates accurate oracles quotations based on algorithms. To put it simply, after the certifier price of the target asset is quoted, if there is a gap between the price and the quotation of the mainstream exchange, others will have an arbitrage incentive to eat the bill. In this way, it can encourage the miner to provide the most accurate price. At the same time, no eaten order means no-arbitrage space and the quotations will be close to mainstream exchanges. Therefore, these quotations will eventually be adopted by the system based on certain algorithms to form accurate price data. As the core competitiveness of Cell, Cell’s quotation system can solve industry problems such as lack of price facts on-chain. After joining Tron’s DeFi system, Cell can have a greater value and more potential for growth.

  1. Based on Tron, users can enjoy extremely low handling fee.

In a UniSwap transaction on DeFi based on Ethereum, the required fee has risen from a few dollars to ten dollars, twenty dollars, and sometimes even as high as one hundred dollars. As for other DeFi contract calls, the cost is even higher. Such a high transaction fee has become a barrier for beginners and users with small token amounts. However, on Tron, each transaction consumes about 1 TRX only, aka $0.03, which is only around 6/10000 of the gas fee on ETH. In addition, the TPS of Tron is 200 times better than that of Ethereum, and the cost is less than 1%. In other words, the high congestion/high gas rate will never happen on TRON. As Cell is based on Tron and users can enjoy a faster network and lower transaction fees.

  1. The design is more decentralized, and the prices obtained through incentives are more authentic.

Cell oracles adopt market game theory. In the cell protocol ecology, there is a mutual game between quoters and verifiers, and their identities can transform at any time over time. Unlike other oracles that obtain data from trusted third parties outside the chain, Cell’s incentives measure makes prices directly formed on the chain, making the Cell oracles more resistant to attacks, more decentralized, and ensure that the on-chain prices are closer to market fairness price.

  1. No pre-mining, Tron DeFi ecosystem is in need of price oracle 

Cell oracle does not predict the motivation of participants, so the cost of doing evil needs to be considered. This is also the main starting point for designing an incentive mechanism based on the game in the system. Due to the existence of arbitrageurs, after the perpetrators reported false prices in the system, they were quickly traded by the arbitrageurs, and the funds required to quote again were doubled. It can simulate the cost of doing evil increases exponentially. In the token distribution, all coins are released through the Cell price feed, and the distribution ratio is high. As oracle is very important to DeFi and Tron DeFi is in lack of a price oracle to resist market fluctuations, Cell launched the market in the right timing! In addition, Tron attaches great importance to DeFi. As early as 2019, Tron began to deploy DeFi infrastructure and made it fully compatible with Ethereum. Cell’s launch can receive great technology and user base support from Tron. Tron is planning to play big and every upgrade of Tron is an opportunity for the Tron DeFi ecosystem. Therefore, I believe that Cell Protocol will have great performance with the support of Tron. Let’s look forward to the future development of Cell!

Article Produced By
Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He is the founder of Blockmanity. He trades cryptocurrencies and holds some but he prefers holding USDT.

https://blockmanity.com/news/tron/trons-defi-ecology-is-increasingly-popular-what-can-it-offer-to-cell-protocol/

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Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

Bitcoin
Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to gain adoption outside of the elite tech savvy forums and deep web blogosphere. However, it didn’t stop the white paper from being ultra-relevant, even then. While a large majority of the population still has trouble grasping the real importance behind decentralized currency, crypto still has a massive following- even if it’s just for the value. But the point behind the currency wasn’t one of monetary worth and gain, instead something a bit more noble. The fallout following the subprime mortgage crisis of 2007, the entire world was looking at a crippled economy and massive recession. Entire countries were devastated following the dubious investments made by US bankers. But it wasn’t just bankers shouldering the blame; but an entire litany of centralized financial mega-players, including regulators, credit agencies, government housing policies, consumers, and many, many more. 

What the Bitcoin white paper offered was a better way to take control of personal finance. A more responsible paradigm that didn’t revolve around intermediaries making money- but instead individuals. People. Everyday residents use their finances in the way they were meant to be used. Anonymous, fungible, decentralized money. An immutable public ledger that could be viewed and validated by the people themselves, cutting out the ability to speculate on things like high-risk loans. Removing the system that instigates quantitative easing practices, which often lead to devastating periods of hyperinflation or deflation. It offered a system that was built, run, and verified by the very people who use it most, with an intrinsic value that only rested on utilization. This was bitcoin. A borderless currency system that didn’t require a credit history, or any history. Just an online wallet and some imaginary coins. 

Decentralized, For Your Convenience 

While not all of these principles have made the final cut of bitcoin as we know it today, there are still a number of the original values that dictate the way the network behaves. Perhaps the most important being the concept of decentralization. Cryptocurrencies have brought in the ability for people to self-manage. And it’s not just about finance anymore. Entire businesses are now being built on decentralized platforms, using a democratic structure to exist. Smart contracts are removing arbiters and lawyers. A number of different cryptocurrencies completely extinguish the need to transfer funds into several different currencies before reaching a final destination, which also removes stacks of astronomical fees. Decentralization could become the norm in the future, which is really just the process of removing middlemen. Putting individuals in a position of greater control, with a much lower likelihood of human error or influence on whatever system is becoming decentralized. While bitcoin brought us the idea of decentralization when it comes to currency, other popular cryptocurrency platforms are beginning to incorporate decentralization with a number of other valuable services.  

Many people seem to get a bit twitchy when confronted with the idea of decentralization and “imaginary coins”. However, if you’d like to test the effectiveness of systems already in place, consider what would happen if everyone withdrew all of their money from their bank accounts at once? In America, there already exists a parable for this. It was called the Great Depression. The dollar you hold in your hand has no more “real value” than a bitcoin in your online wallet. The institutions that we put in place to control and safeguard these imaginary dollars? Well, let’s just say that their value isn’t much different, and perhaps oftentimes, much more destructive. What bitcoin has, and will continue, to offer is a better power structure that eliminates the need for externality. A system that breeds self-sufficiency. Which is arguably something that mankind has been struggling to obtain since the dawn of time. A paradigm in which there are no leaders, just users.

Article Produced By
Globalcoin

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site
 

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Police summon Bithumb chairman for questioning over alleged fraud

Police raids on the Bithumb offices are apparently not just FUD as more investigation reports come in.

The drama over alleged fraud involving Bithumb’s senior executives continues as the company’s chairman has reportedly been summoned for interrogation.

The Seoul Metropolitan Police Agency is purportedly seeking to question Lee Jung-hoon, chairman of board at Bithumb Korea and Bithumb Holdings, according to a Sept. 18 report by South Korea’s state-run news agency Yonhap.

As reported, Lee is allegedly accused of multiple fraud and embezzlement offenses regarding the failed listing of the BXA token. The purported fraud caused investor damages of up to 30 billion won ($25 million), the report notes. The police are also reportedly looking to question Lee over alleged embezzlement of investors’ funds in overseas property purchases or offshore investments.

According to Yonhap, Kim Byung-gun, another chairman at Bithumb, is accused of being involved in the BXA fraud alongside Lee. However, the police have not yet initiated an investigation against Kim.

The latest news comes shortly after Seoul police reportedly seized a number of shares in Bithumb Holdings belonging to Lee. The exec reportedly failed to acquire Bithumb, and has been sued in the process.

As reported by Cointelegraph, local police conducted two raids on Bithumb’s offices in connection to the alleged fraud in September.

Bithumb has not responded to any of Cointelegraph’s requests for comment.

 

written by Helen Partz

https://cointelegraph.com/news/police-summon-bithumb-chairman-for-questioning-over-alleged-fraud

TP

Advertising, PR, Guest Post Scams in the Blockchain & Crypto World

Advertising, PR, Guest Post Scams in the Blockchain & Crypto World


Well the World is strange but if you fall to Scammers the World can be more strange for you and your Business.

 
Many Businesses publish Press releases and Guest Posts, ok so far no problem but most of them Deal with Scammers and dont know that! The Internet have so much offers for Advertising your Business and you can find in any Forum or Classified Ads offers who promise you Guest Posting and Sponsored Advertising on Bitcoin or Blockchain websites. But is it True you can buy it here cheaper than on the Websites direct?No it is, the new Scams promise you to get your Articles published for less Money than on the website self to order! They call themself PR Agencies – Be carefull!
 
Serious websites not accept reselling there Advertsing offers! If you find PR services they offer you to publish your PR on half of the Internet Blockchain sources, be warned! And the Scammers are many, we self get about 100 Emails per Week with requests for Guest Posts from 3th part not affiliate with us! For that Please note: Do not Deal with any other sources to Advertise on TheBitcoinNews.com, we do not Authorise any Resellers or Affiliates to sell Online Advertising for our Website anymore! Most of this offers are Scam and your Press release, Guest Post or Sponsored Post will not published if you not Deal direct with us!  Double check Email addresses and website URLs, the Scams even copy easy and fast full website contents to harm your and our Business!
 
Article Produced By
TheBitcoinNews.com
Bitcoin News source since 2012

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.

https://thebitcoinnews.com/advertising-pr-guest-post-scams-in-the-blockchain-crypto-world/

TP

A TURNING POINT – A SPIRITUAL WAR  -The War To End All Wars

A TURNING POINT – A SPIRITUAL WAR  -The War To End All Wars

Autocrats and monopolies manipulate nature using artificial weather modification systems.
Human Beings Are Collateral Damage. It doesn’t have to be the way “they” say – in fact, it isn’t the way “they” say. 

It would seem the action plan of the Agenda 21 treatise is quickening with the history-making events of 2020. COVID and its restrictions, the world economy brought to the brink of collapse, the fires, and incessant riots, lawlessness bringing heartbreaking destruction. 

Page one of the intro of the original founding version of Agenda 21 (template for the soft treaty before it became hard treaty) has commoditized human beings saying,

Action to be implemented by governments, development agencies, UN, NGOs, and independent sector groups in every area where human “economic” activity affects the environment. 

What it’s saying is that humans are an economic activity that can be collateralized. It goes on to stipulate,

Combating poverty is the main problem for the environment. Poverty and environmental degradation are closely interrelated. Global environmental deterioration is an unsustainable pattern of consumption and production, particularly in industrialized countries which aggravate poverty and imbalances. 

So in order to reach environmental sustainability poverty has to go and that means humans especially in the developed countries that aggravate poverty and imbalances.   

That is a huge statement and when you consider what is etched into the Georgia Guidestones it basically means if we are harming nature we have got to go. It is being said by certain officials that we are the cause of climate change, using too much electricity, driving too many cars, eating too many hamburgers, having too many children, etc, so it’s our fault. 

Joe Biden even inferred that voting for President Trump is causing climate change. Many scientists with any credibility state it’s impossible to determine if these fires are caused by climate change, however, these politicians (who think they’re scientists) are adamant that it is. Furthermore, the practice of cutting firebreaks or backburning has been banned for a number of years in certain parts of the U.S. This has exacerbated these hazardous fires making them uncontrollable leaving the land uninhabitable.   

Although the politicians would have you believe these fires in California and Oregon are all down to climate change, there have been blatant admissions with some being caught in the act of setting the fires by certain factions, believed to be Antifa, BLM who are driven by anger, pure denial, believing they are above the law as in the case of the riots in the U.S. which are out of control with shootings, murder, looting, and arson.  

 

So Who’s Behind The Scenes Funding This Lawlessness? 

The death of George Floyd seemed to be the catalyst that turned protests into riots that have become more widespread and destructive. It is also no secret that George Soros and his Open Society Foundation (OSF) has funded a wide range of activities, including the Black Lives Matter Movement (BLM) back in 2015, so it didn’t take long to reveal the financial ties to the current riots and that OSF and George Soros directly support the movement today. 

This, along with tax-payer funded grants from the Wisconsin Department of Justice has been received by a group called Freedom, Inc. who has a direct link to OSF. Many Democrats have publicly applauded the violence of these out of control groups with no regard for human life or livelihood. 

Former Speaker of the House Newt Gingrich was silenced during an interview on Fox News Wednesday, where he called out billionaire George Soros’ deep involvement with the Black Lives Matter/Antifa riots engulfing the nation.

In an interview that turned awkward, Gingrich was explaining how Soros-backed officials were facilitating the far-left riots inflicted upon America’s businesses and communities, saying,

“The number one problem in almost all these cities is George Soros-elected left-wing anti-police pro-criminal district attorneys who refuse to keep people locked up."

"Progressive district attorneys are anti-police, pro-criminal and overwhelmingly elected with George Soros’ money and they’re a major cause of the violence we’re seeing because they keep putting the violent criminals back on the streets.”

In Oregon the threat of arson and looting appears to be such a significant threat that signs have been plastered across towns in Oregon, indicating “arsonist” and “looters” will be shot. There have been a number of arrests across Oregon, Washington, and California, however, the FBI and Facebook have banned any content to make sure no left-leaning groups are blamed for the wildfires. This allows mainstream media to preserve the narrative that the wildfires are a result of climate change. 

 

Give Credit Where Credit’s D.E.W.

The fires that have ravaged many parts of the world over the past few years including California, Oregon, Australia, Portugal, and Italy are purported to be the cause of climate change, however, there are too many anomalies that cannot be ignored. 

Another entity that is not so blatant or forthcoming about how these diabolical fires were started is that of the organizations that produce Directed Energy Weapons. (D.E.W.) One being Lockheed Martin bragging about and demonstrating their directed energy weapons as seen in this video.  The original video by Lockheed Martin that is displayed in the credits of this video has since been removed by YouTube. 

People that were caught up in the fires of 2017 in Santa Rosa, California, and surrounding areas, took videos of a laser that matched the demonstrations given by Lockheed Martin and other official sources. Mainstream media attempted to portray that over 100 fires that occurred all at once were from a forest fire spreading into neighborhoods.  Yet, most of the trees didn't burn and there is no burnt path between houses that are next to or across from each other. 

The photo above is of the aftermath of the Camp Fire in Paradise, California in 2018. According to a couple of survivors, the fire started at 6:30 am with no warning in the form of any alarms. Given that most aren't already out of bed and dressed at 6:30 in the morning and that no alerts were given, a good many probably didn't make it out alive. A couple of people who did make it out said they learned of the fire coming from Facebook and not from an alarm or siren. Also, many were found burned to death in their cars.

Notice how every home on this block burnt totally flat. Not a single item left, no refrigerators or bathtubs, toilets, etc. Not only were the trees leading to the houses not burnt, but the streets between the homes also look clean showing no ashes, debris, or even charring. This shows that the fires didn't arrive at the houses from the outside or surrounding forests, but looks as if the fires came from inside. The fact that ashes cannot even be seen on the streets and the forest didn't burn shows not only that it was not windy, but that the phrase "wildfires" used by the media is not only a misnomer but an outright lie.

 


Paradise, California. Before and after shots. 

Looks as if some kind of directed energy attack went to each house or to the electrical wiring or meter of each house. Could the pulse have been sent by the power company to the electrical power supply of each house, by a microwave weapon or by a laser, or maybe all three, depending on which fires you're talking about?  

The result of most of the fires point to microwaves due to the material specificness of what burned and what didn't (for example the metal hinges on the roadside rails, but not the wooden beams held together by those metal hinges) and then they get quickly replaced as if to hide the evidence. One thing that is for certain is that these were not normal fires, they were way too hot so as to burn and melt metal. Engine blocks, aluminum, and glass windows of cars have been literally melted leaving lava-like puddles on the ground. 

Seeing as the forest didn’t actually burn, how can they be called wild or forest fires. Also, interestly, wood from Paradise was very quickly harvested for lumber after the fire.

There is so much more evidence and scientific reasoning relating to the fires, the DEWs, and unusual weather patterns occurring worldwide which are manipulated using weather tampering techniques and equipment on a global scale. This means the authorities can either make it rain or precipitate a drought. Whatever suits their purpose at any given time. 

So weather modification has been going on for a very long time and aligned with their UN Agenda 21/2030. This site documents in-depth knowledge and proof of what is being dumbed downed by mainstream media, and it is also updated consistently, visit http://www.chemtrailplanet.com/DEW.html

 

In the video below is a breakdown of how lasers were used in the Paradise fires, along with some curious questions answered countering authorities explanations as to how the fires were started, scientific payoff, Directed Energy Weapons, Agenda 21/2030, geo-engineered genocide, and the planned mass exodus the authorities are executing to move the victims into higher density housing, controlled, surveillance areas.      

 

This Is A Spiritual War 

The intention here is not to create fear but to be aware and inspired to share this information to help others wake up to the fact that there is an evil entity manipulating us into believing baseless climate change theories and acceptance of depopulation, herding the rest into stack-and-pack housing inside smart cities.  

This is a spiritual war and we need to prepare for a fight between good and evil on a global scale. We need to strive for more goodness in this world to help offset the evil in it. 

Those wrecking our economy, manipulating our educational system, hijacking our free will with the tech giants psychologically conditioning the masses, setting us against each other, and brainwashing us into believing their lies, blatantly disregarding any other truth or evidence, are not interested in a future for humanity.

These evil spiritual beliefs are ultimately built on a weakness relying on temporary power and fleeting earthly wealth. This type of spirituality is no match for the word of God.

It is no match for the internal wealth of those that have aligned their morality with the truth.
So it is up to us to deflect the pervading wardenship of certain officials who seem to thrive on the dystopia of our civilization, by looking within and restoring the spirit of Jesus Christ that is forever present deep within our souls. We can win this. 

 

If you’re sick of all the manipulated faux news that gives you only one side of the story visit https://2020electioncenter.com/  and https://www.infowars.com/newsletter to receive what I’ve found to be closer to the real truth. 

May God Bless Us All 

 

ecosystem for entrepreneurs

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

TP

Facebook-backed Libra welcomes Blockchain Capital as new member

Libra gets another member as it strives to have 100 entities on board.

The Facebook-initiated Libra blockchain project continues to grow as its governing body has added a new major industry partner.

Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association, according to an official Sept. 18 announcement.

Alongside the other 26 association participants, Blockchain Capital will now be working to create a “more equitable payment system” with Libra.

Bart Stephens, co-founder and managing partner at Blockchain Capital, said, “Leveraging blockchain technology to improve financial access and promote innovation has been at the core of Blockchain Capital’s portfolio strategy.”

The Libra Association was formed in June 2018 after Facebook originally released a white paper for its stablecoin project, Libra. At the release, the association had a number of major global companies as founding members including Mastercard, PayPal, Visa, Stripe, eBay, Coinbase, Andreessen Horowitz and Uber. However, many initial members have left the association amid global regulatory pressure.

Libra has seen some revitalization this year, with the Libra Association adding more members like Checkout.​com and Shopify. However, with 30 members so far, Libra’s governing body is still far from its planned 100 members.

The Switzerland-based association has been also appointing top financial services experts as executives in 2020. On Sept. 17, the Libra Association appointed HSBC veteran James Emmett as managing director of its subsidiary firm, Libra Networks LLC. Previously, the association announced former HSBC chief legal officer Stuart Levey as its first CEO.

 

written by Helen Partz

https://cointelegraph.com/news/facebook-backed-libra-welcomes-blockchain-capital-as-new-member

TP

Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank

Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank

Cryptocurrency trading platform Kraken has received a banking license recognized under federal law to operate as a bank in the U.S. The company has outlined its plans to offer a number of cryptocurrency-focused financial services locally and globally.

Kraken Now a US Bank

Kraken announced Wednesday that it has received a U.S. bank charter. “The state of Wyoming has approved Kraken’s application to form the world’s first Special Purpose Depository Institution (SPDI), tentatively called Kraken Financial,” the company detailed,

elaborating:

Kraken Financial is the first digital asset company in U.S. history to receive a bank charter recognized under federal and state law.

The announcement further states that Kraken Financial “will be the first regulated, U.S. bank to provide comprehensive deposit-taking, custody and fiduciary services for digital assets.” The Wyoming Legislature enacted HB 74 last year, which authorized the chartering of Special Purpose Depository Institutions, which Kraken described as custody banks for digital assets. As a bank, Wyoming law requires Kraken Financial to maintain 100% reserves of its deposits of fiat currency at all times. “If every client were to demand withdrawals of their fiat at the same moment, Kraken Financial would be able to fulfill each withdrawal immediately without regard to how many loans we had outstanding,” the company emphasized.

Kraken Financial will be regulated by the Wyoming Division of Banking. It will have a permanent physical presence in Cheyenne with back-office teams and functions. Kraken clarified that it “will operate an online and mobile-first banking model.” The company explained that its banking operations “will start locally, but will soon operate globally,” noting that the SPDI charter will help expand its reach across the United States, “and will also help the broader Kraken organization to service companies around the world.” Initially, accounts are only available to U.S. residents, but the company says, “We hope to expand globally soon.” Kraken also outlined the services it plans to offer. In the first year of operations, digital asset custody, demand deposit accounts, wire transfers, and funding services will be available. Within the next few years, more services will be added, such as staking, trust accounts, a complete suite of online and mobile banking services, and debit cards.

Article Produced By
Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

https://news.bitcoin.com/kraken-bank-cryptocurrency/

TP

MSTR Stock Up 9.21% on Tuesday and Up 8% Today, MicroStrategy Adopted New Treasury Reserve Policy Focused on Bitcoin

MSTR Stock Up 9.21% on Tuesday and Up 8% Today, MicroStrategy Adopted New Treasury Reserve Policy Focused on Bitcoin

After investing in BTC for the first time last month, MicroStrategy yesterday announced that it had purchased more Bitcoins.

Business intelligence company, MicroStrategy Incorporated (NASDAQ: MSTR), is leading in the list of companies that have adopted Bitcoin as their reserve currency. Earlier last month, the company expressed its belief that the virtual currency powered by a public blockchain is superior to cash over the long term, claiming it to be a “reasonable hedge against inflation.” After investing in Bitcoin for the first time earlier last month, MicroStrategy yesterday announced that it has purchased more bitcoins. Apparently, the company now controls Bitcoin worth almost half a billion dollar according to the market value at the time of publication, around $10,900. Notably, MicroStrategy (MSTR) stock jumped 9.21% to close Tuesday trading at $155.75, and continued with the rise during Wednesday’s pre-market, trading around $160.

At the time of writing, MicroStrategy stock is $7.64% up, trading at $167.65. With a market capitalization of around $1.51 billion through Tuesday, approximately 33% of it is in Bitcoin. The company has been increasing its Bitcoin reserve and dramatically reduced its fiat reserves. According to SEC filings, the company purchased 38,000 BTC worth $425 million at an average price of $11,111. “We just had the awful realization that we were sitting on top of a $500 million ice cube that’s melting,” CEO Michael Saylor told the media.

MicroStrategy Decisions about Bitcoin That Pushed MSTR Stock Higher

The decision to use Bitcoin as its reserve currency might be one of the best the company will ever take or the dumbest ever. This is primarily because Bitcoin is highly volatile and its value derived from mere speculation. “This will go down in history as one of the smartest or worst CEO decisions of all time. Case studies and books will be written about it. Either way, it took enormous guts for a public company CEO and I commend him for the courage,” said Barry Silbert, the CEO of Grayscale. Bitcoin increased demand has sustained its market price above $10K for around two months. With institutional investors pumping more cash into the Bitcoin market, governments will be compelled to create policies to govern the industry.

As a result, the cryptocurrency industry will eventually be globally adopted both by institutions and retail investors. The likelihood of other companies following MicroStrategy’s footsteps are very high. “MicroStrategy is adopting a #bitcoin standard. Other companies will follow. Finally, central banks will follow (Switzerland likely to be the first.) A new gold standard for the digital age. A neutral store-of-value will create more checks and balances for governments,” said Datavetaren, a pseudonymous software engineer. MSTR investors are hopeful that the company will certainly experience huge gains which will exponentially increase its value. This is perhaps the main reason that MSTR stocks keep on rising each and every other time the company purchases more Bitcoins.

Article Produced By
Steve Muchoki

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies. Mythology is my mystery! "You cannot enslave a mind that knows itself. That values itself. That understands itself."

https://www.coinspeaker.com/microstrategy-stock-policy-bitcoin/

TP

Traders Counting on BTC Sky-Rocketing by End of Year, Today Bitcoin Price Is Below $11,000

Traders Counting on BTC Sky-Rocketing by End of Year, Today Bitcoin Price Is Below $11,000

 Traders Counting on BTC Sky-Rocketing by End of Year, Today Bitcoin Price Is Below $11,000

Today, on September 17th, the BTC rate pushed off an important resistance level – $11,000. Currently, it rests at $10,842.

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

  • Tech analysis of BTC/USD: Bitcoin price is down today.
  • Traders promise that the BTC renews the highs until the end of the year.
  • The uncertainty pushed traders to buy the BTC.

On W, the Bitcoin is finishing the correction of ascending dynamics. The quotations are forming a bounce off 61.8% Fibo, which will signal further growth. The aim here is at 100.0% Fibo. The MACD histogram is positive, which is, again, most probably a signal of further growth. The signal lines of the indicator keep intertwining after they formed a Black Cross, which, in turn, signals soon continuation of the growth. The Stochastic keeps growing slightly to the overbought area, which, again, makes further growth of the coin more probable.

On D1, the tech picture of the coin looks almost the same as on W: the pair stopped correcting and goes on growing. The aim of further growth from the support line is $12,700USD. The MACD histogram is growing but remains in the negative sector. The signal lines of the indicator formed a Black Cross, signaling another insignificant correction. The W and D1 give controversial signals; meanwhile, the continuation of the trading situation that presumes a short correction before growth looks more probable.On H4, a correction of BTC/USD looks more probable than on the larger timeframes. The Stochastic is forming a Black Cross in the overbought area, providing another signal of correctional movements. On September 14th, the employees of an analytical company Skew.com published a tweet pointing at a large number of call-options for December 2020. Note that their number is larger than in December 201 when the rate of the leading cryptocurrency tested its high of $19,600USD.

It turns out that many traders expect the price of the BTC to have reached $28,000USD, $32,000USD, or $36,000USD by the end of the year. The largest number of contracts (which is 752) is at the level of $36,000 USD. We see that investors are in quite a bullish mood but there is also a fundamental part in all this. As a rule, the Bitcoin rate grows actively not right after a halving but some six months after it, so we should take account of the current positive moods of the crypto world concerning the aggressive growth of the BTC. Moreover, the rate of the asset may be somewhat influenced by the upcoming presidential election in the USA along with the general economic instability in the world. All these factors, including the price, may push traders to buy Bitcoin today, which is confirmed by numerous buys near $10,000USD (on absolutely different platforms, by the way). Moreover: the expectations of the Fed’s decision about the interest rate made the rate of the cryptocurrency test $11,000USD. This makes us sure that currently, the pressure from the BTC/USD buyers will be just growing.

Article Produced By
Dmitriy Gurkovskiy

Dmitriy Gurkovskiy is a senior analyst at RoboForex, an award-winning European online foreign exchange forex broker.

https://www.coinspeaker.com/traders-counting-on-btc-sky-rocketing-by-end-of-year/

 

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Binance’s crypto Visa card is now available all across EEA countries

Binance is aggressively pushing its new crypto debit card.

The world’s largest exchange, Binance, has officially announced that its cryptocurrency debit card is now available in Europe.

According to a Tuesday blog post, the Binance Visa Card is now available to everyone in European Economic Area, or EEA, countries.

To celebrate the launch in Europe, Binance is offering up to 7% cashback from purchases with the card. According to the firm, this is the highest cashback rate available in the market to date.

Binance noted that Binance Visa Card converts the user's crypto funds into a local currency automatically, allowing them to spend crypto like Bitcoin (BTC) at 60 million locations around the world.

Since announcing its plans for Binance Visa Card in April, Binance has been aggressively pushing the new product. The Binance card officially debuted in Europe in July, with the firm claiming that EEA-based users would be able to apply for a card in August. As the Binance card is powered by Binance-owned crypto debit provider Swipe, the new product might soon enter the United States.

In early September, Binance’s head of operations for Russia and the CIS told Cointelegraph that Binance Card is still on its way to Russia despite the country’s upcoming crypto payment ban.

 

written by Helen Partz 

https://cointelegraph.com/news/binance-s-crypto-visa-card-is-now-available-all-across-eea-countries

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