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BPSAA | Blockchain Privacy, Security & Adoption Alliance

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BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

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Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

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Breaking: Visa Partners With Ethereum Based U.S. Dollar Coin [USDC]

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Visa known for its credit cards today announced a partnership with U.S. Dollar Coin [USDC] built on ethereum [ETH] blockchain. This announcement comes just few days after ethereum completed its much awaited ETH 2.0 update. Many crypto experts are seeing this as a bullish sign for crypto industry.

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60 Million Merchants on Visa’s network to use U.S. Digital Coin [USDC]

The news was shared by Forbes journalist Michael Del Castillo, in his articles he mentioned the digital currency USDC is now valued at 2.9 Billion. The digital currency was developed by circle internet financial and has raised over $270 Million so far. The partnership will allow selected Visa credit card issuers to integrate with USDC allowing them to send and receive payments in USDC.

It is to be noted that Visa currently has 60 Million merchants onboard and this can be seen as a huge boost to the entire ethereum ecosystem raising the credibility of the blockchain multifold. Ethereum 2.0 Beacon chain update recently went live and is expected to compete with likes of Visa and paypal.

From the Beacon Chain, onwards: Phase 0 launches the proof-of-stake network with multiple technical additions coming down the pike.

What you think will be the impact on Eth Price, let us know in the comments below?

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To keep track of DeFi updates in real time, check out our DeFi news feed Here.

Author: Sunil Sharma




Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Source: https://coingape.com/visa-partners-ethereum-eth-based-us-dollar-coin-usdc/

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First Mover: Short Shrift for XRP Token’s 169% Price Surge as Traders Obsess Over Bitcoin

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Bitcoin was higher, in an indecisive-looking market swinging between about $18,300 and $19,300. Prices have failed to push higher after surging to a new all-time high of $19,920 earlier this week.  

“Expect additional short-term volatility,” Katie Stockton, a technical analyst for Fairlead Strategies, told CoinDesk’s Daniel Cawrey. 

In traditional markets, European stocks slipped and U.S. stock futures pointed to a lower open as lawmakers discussed new economic-stimulus measures and traders awaited new data on U.S. jobs growth during November. Gold strengthened 0.7% to $1,827 an ounce. 

The 10-year U.S. breakeven rate, representing inflation expectations as implied by bond markets, rose to 1.81% on Tuesday, the highest since July 2019.

Market Moves

As bitcoin dominated headlines in November with its rally toward an all-time high, one of the most prominent alternative cryptocurrencies, XRP, quietly jumped 169% during the month to top the performance rankings among digital assets in the CoinDesk 20.

The move left XRP, the payments token used in Ripple’s global payments network, up 225% in 2020, versus the older and larger bitcoin’s 165% gain. XRP has a market capitalization of $21.4 billion, a fraction of bitcoin’s roughly $350 billion.

The frenzy may be driven by a looming airdrop of free “spark” tokens to anyone who holds XRP, some digital-markets analysts told CoinDesk last month

There’s also the possibility that some first-time cryptocurrency buyers are unaware that it’s possible to buy a fraction of a bitcoin (BTC, +0.35%) – divisible up to the eighth decimal, instead of a whole token. For the novice investor, XRP, currently changing hands at 62.3 cents, looks a lot cheaper on a price table than bitcoin’s $19,087. 

“As the digital asset space has seen renewed interest in the second half of 2020, a new wave of investors are looking for ways to get exposure,” said Brian Mosoff, CEO of the publicly traded Canadian investment fund Ether Capital. “Ripple appears to offer exposure in their portfolio, and a quick Google search may result in some users believing XRP is cheap and likely to become a product banks utilize for cross-border settlement.”  

Stellar (XLM, +1.21%), another payments token founded by Ripple co-founder Jed McCaleb, was the second-best performer in November among the CoinDesk 20, gaining 153%. It’s up 313% on the year.  

For comparison, bitcoin rallied 40% in November while ether, the native cryptocurrency of the Ethereum (ETH, +1.43%) blockchain, rose 56%.

– Bradley Keoun

chart-5-3

CoinDesk 20 Asset Returns for November
(CoinDesk)

Bitcoin Watch

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Bitcoin daily price chart showing market pause after surge to all-time high.
Source: TradingView/CoinDesk

Token Watch

Ether (ETH): Price correlation with bitcoin holds strong during latest rally.  

Bitcoin (BTC): Larry Fink, CEO of money management giant BlackRock, tells former Bank of England Governor Mark Carney at Council on Foreign Relations that bitcoin has “caught the attention” of many people and could “evolve” into a global asset

USD Coin (USDC): Centre, overseers of standards for dollar-based stablecoin USDC, hires former CLS, JPMorgan, State Street executive David Puth as first CEO.

What’s Hot

  • Institutional bitcoin shop NYDIG raises $150M for twin crypto funds (CoinDesk
  •  Not so fast! CoinMarketCap says bitcoin prices haven’t yet topped the all-time high based on its own records, at $20,089 in December 2017 versus CoinDesk’s old $19,783 (and now $19,920) using the Bitcoin Price Index (CoinMarketCap)
  • Almost 20% of PayPal users have used app to trade bitcoin, Japanese securities firm Mizuho says (CoinDesk
  • Russia says digital ruble will be only token allowed as form of payment in country, with law banning use of cryptocurrencies for payment set to take effect in January (CoinDesk)
  • Blockchair lead developer Zhavoronkov mounts campaign to stop Taproot upgrade on Bitcoin network (CoinDesk)  
  •  Libra Association rebrands to “Diem” in effort to distance itself from Facebook-led stablecoin push that brought international regulatory backlash (CoinDesk)   
  •  Cryptocurrency derivatives platform ErisX launches cash-settled contracts after physically settled futures fall flat (CoinDesk
  • “We have built money for a world that’s geographically divided, but that’s not the word we live in anymore,” Ajit Tripathi writes in op-ed (CoinDesk Opinion)
  •  BlockFi announces early 2021 launch for bitcoin rewards credit card (CoinDesk
  •  Hottest debate on Wall Street is whether to buy bitcoin or gold (Bloomberg)  
  • Australian crypto exchange BTC Markets accidentally exposes personal data of 270K users (CoinDesk

Analogs

The latest on the economy and traditional finance

European Central Bank chief economist privately gave dovish assurances to Goldman Sachs, JPMorgan, Citigroup, UBS, Deutsche Bank, BlackRock after ECB President Lagarde publicly made comments on Italian bond market, economy’s health that were seen by investors as hawkish (WSJ)

Bipartisan group of U.S. senators introduce new stimulus proposal worth about $908 billion (Washington Post

In global markets, “everyone already expects everything to be really fantastic,” implying the optimism is already priced in, columnist James Mackintosh writes (WSJ

Japan wants to attract foreign talent in the financial sector by slashing income taxes (Nikkei Asia Review)

Huawei Technologies gets foothold in Southeast Asia after partnering with Indonesian government (Nikkei Asia Review)

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Source: https://www.coindesk.com/first-mover-xrp-price-surge-traders-obsess-bitcoin

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Visa May Issue USDC Credit Card After Adding Circle to ‘Fast Track’ Program: Report

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Visa Wednesday announced it’s linking its payments network of 60 million merchants to the U.S. Dollar Coin (USDC) digital currency developed by Circle Internet Financial on the ethereum blockchain, according to Forbes.

This story is developing and will be updated when more information is available.

Source: https://www.coindesk.com/visa-connecting-global-payments-network-to-circles-usdc-on-ethereum-blockchain

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