July 11, 2019

Bitcoin Startup Brings Lightning Network Payments to Amazon, Whole Foods

July 11, 2019 boss

United States-based payments startup Fold has made Lightning Network (LN) payments possible at Amazon, Starbucks, Uber and other big name retailers. The news was revealed in an official blog post published on July 10. As previously reported, the Bitcoin (BTC) Lightning Network is a second-layer solution to bitcoin’s scalability limitations, opening payment channels between users that keep the majority of transactions off-chain, turning to the underlying blockchain only to record the net results. In its announcement, Fold reveals that participating selected retailers will settle users’ LN payments — denominated in…

Binance Launches Platform ‘2.0’ as Margin Trading Goes Live

July 11, 2019 boss

The top crypto exchange by trading volume, Binance, has launched version 2.0 of its platform – a move that officially adds margin trading for its customers. The firm revealed that margin trading was on the way in late May, and said that the service would feature up to 20x leverage soon after. In an announcement Thursday, Binance indicated that leverage (the amount that can be borrowed against a user’s crypto collateral) is just 3x, however. “Your Margin Wallet balance determines the amount of funds you can borrow, following a fixed…

Binance Launches Platform ‘2.0’ as Margin Trading Goes Live

July 11, 2019 boss

Bitcoin (BTC) and Ether (ETH) Market Update: July 11, 2019

July 11, 2019 boss

The total crypto market cap lost $18 billion of its value since July 8, 2019, and dropped down to $311.3 billion. The top ten coins are all in the red for the last 24 hours with many registering double-digit losses. Bitcoin Cash (BCH) and EOS (EOS), for instance, dropped 21.1 and 22.5 percent respectively. At the time of writing, bitcoin (BTC) is trading at $11,270 on the Bitstamp daily chart, while ether (ETH) stands at $266, and Ripple’s XRP dropped down to $0.327. BTC/USD Bitcoin closed the previous week with…

Bitcoin Price Slips 10% in 24 hrs as Fed Raises Facebook Libra Concerns

July 11, 2019 boss

Bitcoin price (BTC) shed more than 10% on July 11 as markets appeared to react to criticism of Facebook’s Libra from a senior U.S. lawmaker. Market visualization courtesy of Coin360 Data from Coin360 sees the majority of cryptocurrencies firmly in the red Thursday, hours after Federal Reserve Chairman Jerome Powell said Facebook’s offering should not continue development. Libra, which aims to act firstly as a cross-border payment method, allegedly buoyed Bitcoin throughout recent weeks, with commentators arguing its public profile was driving publicity and uptake of Bitcoin itself. Powell’s demands,…

Barry Silbert Predicts Altcoin Price Explosion to Catch Bitcoin Rally

July 11, 2019 boss

Large cap altcoins have appreciated nicely against the US Dollar in 2019. Their gains however, have paled in comparison to Bitcoin’s bullish rally this year. But Digital Currency Group CEO Barry Silbert said in a tweet Wednesday that he expects the market value of quality altcoins to catch up to the Bitcoin price boom sometime soon: Starting to feel like it is time for the quality alt coins to begin catching up with BTC. I think the bottom is in — Barry Silbert (@barrysilbert) July 10, 2019 Bitcoin dominance is…

Opera’s Android Built-In Crypto Wallet Now Supports Bitcoin, Tron

July 11, 2019 boss

Opera has added support for Bitcoin (BTC) and Tron (TRX) blockchain-based tokens to the crypto wallet for Opera for Android (version 53 beta). In an official blog post published July 10, the internet browser developer revealed that users of Opera for Android can now send and receive BTC, TRX and TRC-10 standard tokens and that webpages can also request and receive addresses for users to complete transactions with BTC. Opera characterizes this second functionality as “an experimental integration of Web 3” — a term that was initially coined to refer…

Top-6 Issues Experts/Entities Have With Libra

July 11, 2019 boss

Facebook’s unveiling of its Libra cryptocurrency has generated a lot of attention in the financial world, as well as in the crypto space. So far, the company has announced that its Libra blockchain network will be launched in 2020 and backed by a separate entity, the Libra Foundation. The cryptocurrency is set to enable users to make faster and cheaper international payments online, using platforms such as WhatsApp or Facebook Messenger. The Libra currency Just like any other cryptocurrency, Libra is set to have its own wallet called Calibra. Users…

Commercial Debt Market Cadence is Live with Coinbase Ventures One of the Backers

July 11, 2019 boss

Photo: Cadence / Instagram Just recently Cadence announced that they are leaving the test phases and going live with their new marketplace for commercial debt. Now all institutional and accredited investors can apply for packages of short-term loans for whatever they need to cover. “Cadence is doing its part to help power the growth of small to medium-sized enterprises by providing them market-driven cost efficiencies,” explained Cadence founder and CEO Nelson Chu. The interesting part is that the loan packages are transparent thanks to the Ethereum blockchain. Not only this,…

Second Largest Crypto Exchange in Poland Bitmarket Suddenly Shuts Down

July 11, 2019 boss

With all of the security breaches drama going on in the crypto space, I guess this is a very valid question to ask – who is next? Recent news of crypto exchanges being hacked and some exchanges disappearing into thin air has called for concern on the security level of digital asset exchanges. The last straw that broke the camel’s (one of many camels’) back is the sudden collapse of the second largest crypto exchange in Poland, Bitmarket. The Polish virtual exchange announced on July 8 on its website, that…