Tag Archives: Cryptocurrency

Trusted Crypto Tumbler To Protect Your Wealth

Trusted Crypto Tumbler To Protect Your Wealth

crypto tumbler

Back when Bitcoin originally emerged, over 11 years ago at this point,

cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth. Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues. However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist. In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers, as well as mixers that focus on these other cryptos, specifically, such as Ethereum mixers. There are also services that offer mixing for multiple coins.

But, they all work in the same way. When you obtain your coins through purchase within exchange (where your identity is known due to current regulations), the exchange knows exactly who you are and how much money you have. The same is true for everyone else who has the authority to request such data from the exchange. If you simply transfer the funds to your private wallet, anyone will be able to track this transaction. They will see where the funds came from, where they went, and what amount made that trip. With your identity known on the exchange, it is easy to conclude that the wallet address belongs to you as well. If you send the money to a mixer first, however, it will still deliver the money to your wallet, but it will change the time of the second part of the transaction, as well as the amount that arrives, and the path from the exchange to the wallet will be interrupted. This brings additional security and privacy, and makes your use of crypto difficult to track.

Keep your identity safe with cryptocurrency tumblers

Using tumblers for cryptocurrencies has a number of benefits. For example, it allows you to stay anonymous. It can also discourage hackers, who would otherwise be attracted by your wallet if they knew that significant amounts are going in and out. It would also allow you to stay private, as people would be able to see that the coins are entering or leaving, but they would not know whose those coins are. As a result, you can spend them without the transactions being traced to your name. Not to mention that you still need protection from the real-world criminals, who might go after you if they discover that you own a wallet filled with coins that have become highly-valued. Shopping with crypto is also becoming more and more popular, with the number of merchants accepting coins growing almost on a daily basis. With additional privacy that comes from the use of Bitcoin tumblers, you can easily purchase anything online without people knowing that it was you.

Bitcoin fungibility

Finally, you can also use crypto tumblers to make your Bitcoin more fungible. The fungibility issue has attracted the attention of many, as people ask the question of whether a certain quantity of BTC can be swapped for another of equal value. Of course, the answer is yes. All Bitcoins come with the same value, regardless of whether the coin you gave is the same that you got back or not. But, due to the protocol that makes each coin have its own unique hash and signature, it is still possible to track a particular coin. That is why using mixers to give away your particular coins and get others that have the same value can help you stay truly anonymous. No one will know who you are, even if they know where your coin came from, which gives you the ability to hide your identity completely.

Article Produced By
Globalcoin

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

https://globalcoinreport.com/trusted-crypto-tumbler/

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Bitplaza Inc Introducing Cryptocurrency to Retail

Bitplaza Inc Introducing Cryptocurrency to Retail

BitPlaza

Even though influential companies are not ready to validate cryptocurrencies as a stable form of money,

Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe. Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the customer. 

Bitplaza is a company that innovates new technologies to make shopping with cryptocurrency, into something easy. It’s the first mobile application of its kind that allows people around the world to make a purchase online using Bitcoin as the main currency.  In the time that the Bitplaza app has been on the market, it has proved to be a reliable platform for customers that use Bitcoin. It offers secure shipment of products both overseas and in the US. The security of the customers’ information is fundamental when working directly with cryptocurrencies; Bitplaza provides this security during the purchase without compromising the customer’s private data.  

Impact on the Bitcoin Market and Global Retail

The initiative that Bitplaza Inc took by creating an easy app for people to spend Bitcoin has become a boost in the currency market. The reason why Bitcoin is not yet one of the standard currencies in the world is for the lack of support that it has from Central Banks and other entities. In addition to that, most retail companies claim that Bitcoin is still too volatile, and until it shows a stable price, it can’t be used as a payment method or measure for other currencies.

The statement is beginning to change with the appearance of Bitplaza, AT&T, Overstock, Dish Network and other companies adopting the currency as a means of payment. The launch of Bitplaza also marked the next step for the retail business, unifying the prices of products worldwide under the same digital currency, which is something unseen before. It allows the rise of international commerce, highlighting the possibilities of stable interest rates and making it easier to import a product that’s not local.

Advances on Bitcoin for 2020

The strength of Bitcoin grows every year, even though the many business entrepreneurs declare it as a forgettable trend and are a bit skeptical. Others argue the Bitcoin market is one of the three most essential assets as an investment for the future. Companies like Bitplaza and many others show that the cryptocurrencies are the next step on the e-commerce evolution which is not going unnoticed by the central banks, investors, and traders.

The year 2020 may be the one that will determine the future for Bitcoin and other cryptocurrencies. Different events such as the Halving on May 2020 will have an impact on the Bitcoin market, increasing the value. On the other hand, various companies are investing in creating more opportunities for Bitcoin to grow. The use of Bitcoin for shopping purposes is becoming more frequent each time around, and it can’t be ignored much longer.

Article Produced By
Globalcoin

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

https://globalcoinreport.com/bitplaza-inc-introducing-cryptocurrency-to-retail/

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New Crypto Regulations In The US: Are The Good Times Over?

New Crypto Regulations In The US: Are The Good Times Over?

 

All of us who have invested and traded in Bitcoin knew that there was no guarantee

that the good times would last forever. We’ve seen the value of the currency have ups and downs and then ups again, demonstrating its resiliency in a changing world. We’ve also seen it thrive during times when conventional markets struggle. Free of regulation and unconnected to industries and businesses that can drag a market up or down along with them, during its best months it’s been exactly what we all hoped it would be when the concept of cryptocurrency was first explained to it.

Even those who have done well out of Bitcoin would have to admit one thing if we were honest, though – we didn’t know for sure it was going to blow up like it did. Spending money on Bitcoin – especially during the last couple of years when prices have been particularly volatile – has always been akin to throwing money into a game on an online slots website and hoping for the best. Sometimes when you play online slots on websites like UKOnlineSlots.com, you get a huge return from a very small stake. Other times, perhaps more often, the company that runs the online slots website takes all of your money, and you’re left with nothing. Based on the news that’s coming out of the United States of America, the US treasury may soon be about to start playing the part of the online slots website – and they might be calling time on placing fresh bets.

There’s no way to dress up Steven Mnuchin’s start warning any other way. He hasn’t minced his words when it comes to his opinion on cryptocurrency, and several of his contemporaries and allies feel the same. Mnuchin says that stringent new regulations are coming, and they’ll likely change the way that all of us interact with crypto, and perhaps even our freedom to do so. Neel Kashkari, the President of the Federal Reserve, is on record as calling crypto ‘a garbage dumpster,’ and so we can expect the Federal Reserve to back the new regulations to the hilt. In other words, they think we’ve all had our fun at the expense of conventional banking systems for long enough, and now it’s time for the conventional financial controls and controllers to fight back.

In a strange way, we can probably blame Mark Zuckerberg and Facebook for all of this upheaval. If his company hadn’t tried and failed to get approval from US-based authorities for the doomed pseudo-cryptocurrency Libra, the whole idea of crypto probably wouldn’t have come in for such close scrutiny in the United States of America at all. Now, even the President appears to know what it is, and he doesn’t like it. Before Libra started pursuing official channels, American authorities sort-of knew what cryptocurrency was, but they turned a blind eye to it. Now they’ve been forced to lift the veil and find out what’s there, and it turns out they don’t like it one little bit. Because of that, they’re going to make it as hard and unrewarding for Americans to invest and trade in it as possible.

Right now, the price of Bitcoin hasn’t been affected too much by the announcement of forthcoming regulations. If you know much about the way Bitcoin prices move, that might not be too big a surprise. The scheduled halving event is still expected to go ahead in May, and the currency’s value is currently dependent on that far more than it is on any other external factor. Were the halving not on the radar, it’s likely that Mnuchin’s announcement would have sent Bitcoin’s cost crashing back through the floor. Depending on what’s contained within his package of rules and sanctions, it may still do so.

Ostensibly, Mnuchin’s concerns about Bitcoin (and other cryptocurrencies like it) is that they’re too anonymous, and they’re too open to use by terrorists, fraudsters, and organized criminals. Money can’t be followed from one place to another, and it’s difficult to know who has what, and where they’ve got it from. To put it another way, they hate it for a lot of the same reasons that the people who trade in it like it. Even those of us who love the concept, though, mostly acknowledge that more needs to be done to ensure that crypto doesn’t become a hiding place for illegal and immoral conduct. Some regulation activity with regard to this might even be welcomed in some quarters, but it’s hard to imagine what such a regulation would look like, or how it could possibly be enforced.

While the winds of change appear to be about to bring band news on the breeze for Americans, their impact on the rest of the world might be limited. Europe, which is generally seen as more forward-thinking when it comes to future technologies than the United States of America, already has an agreed framework for how crypto may or may not be used, and the majority of users and traders are happy to abide by it. Switzerland, in particular, is known for its pro-crypto stance, and it’s very telling that Facebook has decided to switch its Libra operation to that country recently.

It’s hard to say what the final outcome of the American change in attitude to crypto is likely to be, but it appears that we’re about to see a very important test. Will tougher regulations in the USA make it harder for everyone to trade and drag cryptocurrency prices down, or will the world of crypto carry on regardless with very little in the way of change or disruption? If the former happens, we may all have to reluctantly accept that the good times are over, and we’re going to have to make the best of what we still have. If the latter happens, though, it will be a rude awakening for the US Treasury. They’ll have had confirmation that cryptocurrency is a beast that they cannot control and can barely even influence – and that will likely scare the conservatives who set the tone of policy within the organization to death. 

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

https://bitcoingarden.org/new-crypto-regulations-in-the-us-are-the-good-times-over/

 

 

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5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies

5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies

It is considered that the best place to buy cryptocurrencies exchanges.

But this is a mistake. Let’s think about why we don’t buy fiat currencies on stock and currency exchanges or on the interbank market. Because it takes a lot of time, you need to have quite large amounts, and trading licenses are also a problem. The situation is similar in the cryptocurrency market. Exchanges require a lengthy KYC verification process. the process of withdrawing funds through a merchant can take up to 5 banking days. It should also be remembered that before withdrawing funds, you must conduct trading operations.

What are the advantages of the brokerage service 365Cash.co?

1. You don’t need to go through a lengthy KYC verification process. This is a crucial aspect for those who worry about their anonymity.

2. Low limits and fast execution of the exchange order. If you need a small amount quickly – 365Cash.co is the best choice.

3. The ability to use payment systems like Perfect Money, Payeer, AdvCash to buy cryptocurrencies at the market rate. Exchanges do not provide this opportunity.

4. Low commission. They do not charge customers a fixed fee for the exchange. They work at the market rate and are completely dependent on the spread.

5. Quick support service. Their operators will solve any issue within 2 minutes, while on the big exchange, you will need to create a ticket to the support service and wait for hours for a response.

Briefly about 365Cash.co

Exchange service 365Cash.co appeared in 2015. For 5 years of existence, they have become not only the largest exchange service in the CIS countries but also conducted more than 1,500,000 exchange operations. The service has more than 20,000 positive reviews from customers and more than 45,000 customers who trust them. They have a profitable referral program where partners can earn up to 30% of their profits. There is also a wide loyalty program.

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

https://bitcoingarden.org/5-reasons-why-you-should-use-a-brokerage-exchange-service-to-buy-and-convert-cryptocurrencies/

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Tron Approved Proposal Initiated By BlockchainOrg With Several New Functions Of TVM

Tron Approved Proposal Initiated By BlockchainOrg With Several New Functions Of TVM

According to Justin Sun’s tweet, today, on February 24, a request for voting No. 29 (corresponding to proposal No. 32),

initiated by the super representative BlockchainOrg’s, was approved. Note, that super representatives play a key role in managing the TRON community, providing basic functions such as block generation and verification.As proposal No. 32 is approved, the TRON virtual machine (TVM) will get several new features, including:

  • batch signature verification support;
  • multi-signature verification;
  • determination of the address type.

At the same time, it will further enrich the use of smart contracts. For example, in the case of multi-signature verification, the user can add the validate multisign keyword to verify multiple signatures. Regarding the support function, batch signature verification can be used to support multiple users to sign the same data content (hash). As for the latter function, developers may often encounter a situation of invoking another contract, but some contracts may not want to be called by other contracts, and the call may be restricted using isContract.

Why Is It Important

The main feature of the TRON virtual machine is its easy access for blockchain developers. Besides, the platform is fully integrated with Ethereum products. TVM is convenient for developers, as they can use familiar programming languages, including Ethereum’s Solidity and others. The fact that the system is combined with the Ethereum virtual machine makes it easier for those who create apps based on blockchain. In addition, the system conducts transactions faster and cheaper. Tron platform smart contract transactions and operations are free. Developers will enjoy the flexibility provided by TVM.

It is also planned that TVM will be compatible with the EOS virtual machine and other major virtual machines. Unlike the EOS network, where block producers are elected without the possibility of buying votes, this practice exists in the TRON ecosystem. Super representatives can send all profit they receive for new block generation to purchase votes. Once developers realize that TVM is a universal tool for smart contracts and DApp creation, the Tron ecosystem will get a new impetus for development. Therefore, a decentralized Internet is gradually becoming a reality.

Article Produced By
Victortia Tiebienieva

https://newslogical.com/tron-approved-proposal-initiated-by-blockchainorg-with-several-new-functions-of-tvm/

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bZx Hack: Blockchain Security Firm, Litecoin’s Charlie Lee Weigh In

bZx Hack: Blockchain Security Firm, Litecoin’s Charlie Lee Weigh In

Litecoin’s Charlie Lee Weighs In

Litecoin creator, Charlie Lee, upon hearing about the exploits, said it was one of the reasons he never trust DeFi. Claiming DeFi is not decentralized, Charlie Lee said most DeFi can be shut down by a centralized party and hacks on cannot be undo or exploited unless more centralization is added. He said: “This is why I don’t believe in DeFi. It’s the worst of both worlds. Most DeFi can be shut down by a centralized party, so it’s just decentralization theatre. And yet no one can undo a hack or exploit unless we add more centralization. So how is this better than what we have now?”

Article Produced By
Olayode Yusuff

https://newslogical.com/bzx-hack-blockchain-security-firm-litecoins-charlie-lee-weigh-in/

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VPN Protocol Wars in the Blockchain World

VPN Protocol Wars in the Blockchain World

Placeholder VC partner Joel Monegro, in his formative article on value captured by protocols,

explained that shared data layers in decentralized networks and limited supply cryptographic access tokens (i.e., cryptocurrencies) make blockchain protocols valuable and accessible for all. The proliferation of blockchains has led to an influx of these “fat” protocols, which are capturing more value than the leaner application layers on top vis-à-vis thin ones in traditional internet stacks such as TCP/IP. As a result, decentralized protocol solutions looking to solve various problems have come to the fore. Some of these problems being the disadvantages in traditional internet communication, centralized control over web accessibility, and mass surveillance. Blockchain-based VPNs (Virtual Private Networks) are a solution to this problem. Two major companies that are working on products in this space are Orchid and Tachyon Protocol. With their VPN services going live this month, let’s compare how the two match up.

An Introduction to Orchid and Tachyon

Orchid is building an open-source internet protocol on top of the internet stack to allow anonymous web access in order to circumvent surveillance states. It does so by incentivizing users to share bandwidth with others in a marketplace setting. This breaks up traffic and directs it over Orchid’s network of distributed nodes. Kind of a decentralized alternative to TOR (The Onion Router). Launched back in 2017, Orchid has so far raised USD 48M from marquee investors such as Sequoia, DFJ, Andreessen Horowitz, Polychain Capital, Box Group, Blockchain Capital, etc.

Tachyon Protocol is building an alternate stack to disrupt traditional communication protocols over the internet in order to eliminate drawbacks in TCP/IP. It is a collaboration between X-VPN and V Systems. X-VPN is a renowned VPN service provider used by 50 million + people worldwide. V Systems is a blockchain database cloud project that uses a unique Supernode-Proof-of-Stake consensus mechanism for security. Tachyon brings to fruition years of experience and research by Sunny King (inventor of Proof-of-Stake consensus mechanism), Peerchemist (Peercoin Project Leader, and President of the Peercoin Foundation) and FinTech investor Alex Yang. More on the collaborators and team members later. With a focus on VPN, both platforms are built on public blockchains (Ethereum and V Systems). Nodes on each network need to stake tokens for verification before they can offer traffic to users. In return, they receive crypto payments (in the respective tokens) through smart contracts. However, there are major differences between the two projects that set them apart.

Orchid vs. Tachyon Protocol

Orchid Protocol works on top of traditional internet protocols and creates a privacy layer using blockchain. This is done by using the open-source WebRTC for transmission to perform preliminary data obfuscation and multi-hop to reduce the chances of data theft. Data obfuscation makes Orchid traffic look like normal internet traffic with no identifier to detect that Orchid is being used. However, this also leads to the possibility of deterioration in the transmission quality of data being moved. In normal practice, data obfuscation has been seen to have adverse impacts on network security and firewall identification. Similarly, multi-hop, while hiding original nodes, does not mask individual node activity in a P2P network. As a result, source nodes can be tracked using traffic analysis. For storage and routing, Orchid uses IPFS and Ethereum’s DHT, respectively.

The Orchid Protocol acts as a layer on top of the normal Internet stack. In comparison, Tachyon Protocol’s approach has been to disrupt the core transmission protocols themselves, thereby providing a more comprehensive solution. It is reconstructing the TCP/IP model using its own iterations of proven P2P technologies – DHT, blockchain, UDP, and encryption.As opposed to WebRTC, it uses its own Booster UDP to improve network connection success rates and transmission quality. The Tachyon Security Protocol is designed for end-to-end encryption and protocol imitation. With respect to multi-hop, the Tachyon Anti-analysis helps multi-relay forwarding to reduce the risk of information exposure after a single node is attacked. Tachyon also uses its own DHT for routing.
Tachyon Protocol replaces traditional Internet Protocols with distributed technologies Orchid is built on Ethereum, which is a mature ecosystem with thousands of dApps and platforms built over it. However, in its current state, the Ethereum chain is limited in terms of TPS (transactions per second) and hence leads to performance bottlenecks during times of high traffic. Orchid Protocol’s whitepaper mentions that if it were to rely on Ethereum solely, the network would allow up to 7 million users only. Comparatively, V Systems, the blockchain on which Tachyon is based, has much higher TPS and hence can theoretically support a billion users. However, it is a smaller ecosystem compared to Ethereum and is relatively newer.

For verification, Orchid Protocol uses a stake weighting plan for nodes with staking time as the adjustable parameter. The initial staking period is set at 30 days, which is good for network security but increases the barrier to entry for user participation since they need to bear more opportunity costs from higher risks of price fluctuations. To solve this issue, Orchid lets nodes with higher/longer stakes to get more traffic. This, however, runs the risk of Matthew effect: “rich get richer, poor get poorer.” In Tachyon Protocol, staking amounts and staking periods are both adjustable parameters, thereby allowing more parameters to be tweaked in the event of an early-stage attack. The initial staking time is set to 7 days in Tachyon. In order to make up for the opportunity costs of users, the system provides fixed staking rewards to participants.

Key team members of Orchid Protocol are:

  • CEO Dr. Steven “Seven” Waterhouse who co-founded RPX Corp and was a project lead at Fortress, Pantera Capital and Sun Microsystems. Steven has extensive experience in the blockchain industry, with key connections in the VC investment space.
  • Co-Founder Brian J. Fox who was the first employee of the Free Software Foundation and is the author of the GNU Bash shell. Brian has a rich experience in open source community development.
  • Co-Founder Jay Freeman who developed the popular Cydia software.
  • Co-Founder Gustav Simonsson, who helped launch Ethereum and is an authority figure in blockchain security.

Key Tachyon people include:

  • Founding Member Sunny King who invented the Proof of Stake consensus mechanism and is the founder of V Systems blockchain project. Sunny is a cult hero figure in the cryptocurrency space making rare appearances in public to maintain his anonymity.
  • Founding Member Peerchemist who is a project leader at Peercoin. As an OG crypto developer, he is highly regarded in the developer community and maintains a global developer network influence.
  • Founding Member Alex Yang who is a FinTech investor and entrepreneur with over 14 years of experience in banking and finance including Nomura as an Executive Director and UBS as a VP. He is also a Co-Founder of Beam Capital.

Sunny King’s first “public appearance” at The Capital event by CoinMarketCap (source).For making settlements, Orchid uses nano payments, which is also one of its major points of focus. Nano payments allow for a large number of small transactions at low transaction costs. However, nano payments aren’t completely untraceable, and as mentioned earlier, individual node traffic can be tracked to identify source nodes.In comparison, Tachyon has a unique mainchain payment channel. In addition to allowing for a large number of small transactions, the transaction fees in the sidechain are nil. Payments using this sidechain method are anonymous since they use payment pools. But the implementation complexity is high.Having analyzed both projects at length, there are certainly pros and cons to both platforms. However, one major advantage that Tachyon has over Orchid is that it is backed by established brands like X-VPN and V Systems, which have been battle-tested by millions of users. As the war of the VPN protocols heats up, it will be interesting to see how these two platforms grow and influence the segment and each other over time.

Article Produced By
Guest Writer

This article is submitted by a guest author or the respective company mentioned in the content, or their agents. This content may be marked as sponsored, and Blokt.com does not necessarily endorse this project/company/product/ICO and is not responsible for or liable for any content, advertising, products or other materials on this page. Readers should perform their own due diligence before taking any actions related to the content on this page. Blokt.com is not responsible, either directly or indirectly, for any damage or loss caused, or alleged to be caused, by or in connection with the usage of or dependence on any content, products or services mentioned in this article.

https://blokt.com/blockchain/vpn-protocol-wars-in-the-blockchain-world

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Bitcoin (BTC) Meets New Year with a Slide

Bitcoin (BTC) Meets New Year with a Slide

BTC is once again teetering on the edge of a price drop, as the $7,300 support level was lost again.

Bitcoin (BTC) will end 2019 on a downward note, after breaking down below the $7,300 support level.

BTC failed to rally after breaking above $7,500, and the latest gains turned into just a short-term weekend rally. On the last day of 2019, BTC sank to $7,277.66, re-sparking fears of a deepening downward trend and a search for new lows. Until the last moment, it has been highly uncertain what direction the leading coin could take. BTC trading volumes were also unwinding, down to about $22 billion’s equivalent in 24 hours. The BTC market cap dominance is stuck at 68.2%, as altcoins once again slid even faster. For 2020, the consensus is that BTC may move sideways, or go through a slide retesting continued lows. There is cautious optimism that a rally will be possible, though few expect a direct path to much higher valuations. In the last month, BTC broke out above several resistance levels, but those moves failed to spark a bigger rally. The leading asset essentially remained stuck, unable to break above $8,000 again.

Renewed predictions see $7,800 as the new potential resistance level that, if turned into support, could lead the BTC price to a higher range of stability. But unlike earlier years, BTC volatility is down again. The BTC volatility index shrank from about 4% to 3%, as prices move in a smaller range. Crypto sentiment has been on the negative side toward the end of 2020, and the mood may continue in 2020. The question now is whether BTC would gain enough support to retain stability, or would plunge to a temporary low. For 2020, extreme predictions include new highs, repeating usual numbers of $20 to $50,000. Extreme lows predicted by Peter Schiff see BTC slide as low as $1,000. The more conservative prediction see BTC making a temporary low at $5,000, but also possibly recovering to the $10,000 range.

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.

https://cryptovest.com/news/bitcoin-btc-meets-new-year-with-a-slide/

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Crypto APIs Helps Enterprises and Developers Build Blockchain-based Products

Crypto APIs Helps Enterprises and Developers Build Blockchain-based Products

Building blockchain-based products and services require considerable backend and technical resources, but Crypto APIs is making it easier for enterprises and developers with its unique set of tools.

A world which revolves around the allocation of scarce resources into satisfying our infinite desires

seems to be focusing on innovation that is oriented towards how this usage of resources is to be optimized, with data becoming indeed “the new oil”. As such, enterprises are noticeably embracing blockchain solutions, as the worldwide spending on them is expected to grow from 1.5 billion in 2018, up to 11.2 billion by 2022, according to Statista. Hence, it’s no wonder financial companies and other institutions are seeking out this form of structuring and distributing their data with no central authority that gets in their way. However, as with every emerging technology,

the constant challenge appears:

“Should I build it from scratch, or use available solutions?” 

The answer is not definite, yet still related to resources: time and money in accordance with data. If they are both to be optimized for the best of the company’s interest, the quality of the product will thrive. This is especially true if you are a software developer with a vast interest in dApps.

The main problem developers and enterprises are encountering is having their platform implementation costs worth it, which if not leads to a costly R&D phase, the need of a blockchain developer, 5 years of work with worst-case scenario being they don’t even have a product ready yet, and the best-case: having plenty of debts and very little competitive advantage. Similarly, 10 years ago, setting up a software platform would require thousands of dollars at the very least for servers and maintenance, with not even a clear product on their hands to put to market. However, nowadays through AWS and other services,the process is hugely facilitated with just $100. Hence, history has proven infrastructure layers have revolutionized adoption to technologies. The same logic is applied into blockchain. Enterprises’ common intuition directs them towards different APIs providers for blockchain, crypto market data and exchanges protocol support. However, some exchanges provide only Rest API while others provide only WebSockets. Therefore, of course, developers will need at least two different API providers, pay two separate sets of bills and handle multiple interfaces for different exchanges. With the scalability challenge, the problem will only get worse over time.

Crypto APIs offers the convenient option which, as you may have guessed, consists of one single API provider through a simplified and unified model integration. A best-in-class solution that includes: Blockchain API, Crypto Market Data API and Trading API. It provides support for top cryptocurrency exchanges and 10+ blockchain protocols. The Blockchain API itself offers 600+ endpoints for its users. Not only is Crypto APIs robust and powerful, but it is extremely easy to be implemented with just a few lines of code during your cocktail hour. Their interoperable and coherent API provides methods for retrieving data from exchanges, wallets and various data sources protecting the integrity and security of the users. Crypto APIs regards this to be an important issue and it is considered a priority for all sensitive information private key and API password to be strongly encrypted and stored in this format only.

In addition, whether it is for building Crypto trading bots or for managing digital asset portfolio, the user will need to handle big data storage. Crypto APIs covers that functionality together with locally hosted nodes. The service can manage 5K+ Market Data Updates per second, while maintaining a constant Market Data collection non-stop all from the exchanges. Its multi-crypto seamless integration also supports multi-language SDKs. Moreover, a true proof of the company’s reliability is when it starts building its own innovative solutions on top of its own ecosystem. Examples would consist in, Kryptonize, the 0% commission Metamask competitor, with added support for multiple currencies, or BlockExplorer, the most advanced search engine for blockchain data, both offered to the public from Crypto APIs due to their unification of the top blockchains in one place.

To conclude, the future of blockchain is indeed backed up by evolving records, which is more of a reason for enterprises to choose the correct approach in their priorities. Nashwan Khatib, Crypto API’s CEO states: ”In 2020 every company is becoming a fintech company, in 2030 every company will be blockchain company with the help of infrastructure layer companies like Crypto APIs.” As follows, the essence of this product is noticeably driven by the desire to make programmers, traders, financial institutions, or any blockchain-enthusiast really, more likely to reach their goals and focus on their application logic. In that context, they become the epitome of the invisible hand on the blockchain economy, where Crypto APIs’ interest to sell their product complies with the interest of their customers’, truly achieving win-win situations.

Article Produced By
Cryptovest News Desk

https://cryptovest.com/news/crypto-apis-helps-enterprises-and-developers-build-blockchain-based-products/

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Bitcoin Corrects Above the Steep Low Price and Appears Bullish

 

Bitcoin Corrects Above the Steep Low Price and Appears Bullish

  • Bitcoin (BTC), at the time of penning down, was seen accumulating below 38.20% Fib Level and above the weekly low at $9,580.20

  • BTC/USD lacks support from the 200-day daily MA while the 50-day MA is providing an immediate support
  • This time the correction below $10,000 has led the coin to test supports as low as $9,200 as it nosedived steeply within a few minutes
  • The current market for BTC is not projecting any haphazard volatility in the upcoming days

This week Bitcoin price faces rejection above $10,300 as it crashed to $9,200 in no time, marking a regression of over 10%. The “golden crossover” that was anticipated to bring bullish divergence has started with a notable pullback. We do not consider this as an onset of the bear market because the technical indicators appear bullish.

Bitcoin Price Analysis

Analyzing the intraday movement of BTC/USD on Coinbase, we see that that the coin has faced an unpredictable, volatile fall and test support around $9,200. The intraday positive correction taking place today has led the Bitcoin to trade around $9,500 and that is the reason the technicals appear bullish. With this, the price trend is slightly below 38.20% Fib Retracement level and awaits a push to have a persistent trade above $10,000, followed by $10,500 and beyond. Bitcoin has been performing well since the start of the year 2020 and the two events, i.e.,

  • The “golden crossover” that recently happened after April 2019 and,
  • Bitcoin Halving that is going to take place in May 2020,

have been the major pushes to turn an anguished trade into gaining impressive positions. However, now there is no specific reason for a price correction as we believed a strong rally to happen, and therefore, we believe this to be a temporary pullback. Also, the altcoins have turned red and have reported notable dips over the past 24 hours.

Technical Indicators:

The technicals appear bullish as the intraday corrections have lured the BTC whales, and the MACD line crosses above the signal line. While the RSI of the coin is at 47.68 and has risen above the selling pressure with no trading extremities at present.

Article Produced By
Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

https://www.cryptonewsz.com/bitcoin-corrects-above-the-steep-low-price-and-appears-bullish/59120/

TP