Connect with us

Blockchain

BPSAA | Blockchain Privacy, Security & Adoption Alliance

Avatar

Published

on

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.

Home

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

Blockchain

Japanese Giant SBI Group Launched A Crypto Lending Service For Bitcoin

Avatar

Published

on

  • Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.
  • SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.
  • The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple (XRP), and more cryptocurrency assets. 
  • Clients’ deposits can vary from a minimum of 0.1 BTC to a maximum of 5 BTC. After lending their bitcoin holdings on the platform, the customers will earn an interest rate of 1% with taxes included.
  • The announcement further explained that VC Trade Lending will charge fees only for withdrawals in the Japanese yen. Cryptocurrency and yen deposits, as well as account management or annual memberships, will not be subject to fees. 
  • It’s worth noting that SBI Group has been involved with other cryptocurrency-related projects before. A few years ago, the financial giant launched Japan’s first bank-backed cryptocurrency exchange. More recently, SBI Group hired two professional e-sports players and paid them in XRP. 
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/japanese-giant-sbi-group-launched-a-crypto-lending-service-for-bitcoin/

Continue Reading

Blockchain

Five Reasons Ethereum Has Entered a New Bull Market

Avatar

Published

on

Ethereum is currently retracting sharply from its previous and 30-month peak of $620. Even with a decline of around $100 to today’s prices of $525, ETH is still up over 300% since the beginning of the year.

The confirmed genesis of the long-awaited Beacon Chain, which is Phase 0 of the even longer awaited Serenity ETH 2.0 upgrade, has no doubt driven momentum but it is not the only strong point for Ethereum.

Over 5 Reasons to be Bullish on Ethereum

DTC Capital’s Spencer Noon has pulled out a few key charts to back up the notion that we are definitely in a bull run for Ethereum.

Active addresses on the network are the first metric as it now has just under 500,000 per day. This is almost double what it was at the same time last year.

In terms of fees paid, Ethereum dwarfs everything else in the crypto space with 80 billion gas now being used on a daily basis. The analyst exclaimed that this is;

“A clear sign that it is the most useful network in the world.”

Over $16 billion in stablecoins have now been issued on Ethereum, a figure that has gone parabolic since the start of this year which is a sign that there is a major demand for digital dollars.

The DeFi effect has been huge as, despite a number of rivals and ‘killers’ emerging this year, Ethereum remains the foundation of the entire ecosystem. Ethereum’s largest use case has gone parabolic as there are now ten times more DeFi users than there were a year ago.

Total value locked across the DeFi space has surged almost 2000% since the beginning of 2020 to reach $14 billion with five billion dollar plus protocols which is a sign that the space is maturing.

And There’s More …

The amount of Bitcoin tokenized on Ethereum is also at record highs with 152,000 BTC, or $2.7 billion worth at today’s prices wrapped on the Ethereum network.

The DEX effect cannot be overlooked either as decentralized exchanges on Ethereum have done $20 billion in volume over the last 30 days. This has brought their combined total to $86 billion this year;

“A sign that DEXs can compete with the top centralized exchanges.”

As reported by CryptoPotato, Ethereum social sentiment and searches are also at their highest levels since early 2018 as the mainstream media and the masses start paying attention.

This latest pullback may settle below $500, but there is little doubt it will provide a buying zone for ETH which still has a long way to go.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/five-reasons-ethereum-has-entered-a-new-bull-market/

Continue Reading

Blockchain

Coinbase CEO Fears Rumored Regulations Proposed By The Trump Administration

Avatar

Published

on

Coinbase’s CEO Brian Armstrong has sent a letter to the US Treasury Secretary Steven Mnuchin regarding new rumored regulations on self-hosted cryptocurrency wallets. Armstrong believes that if implemented, the new legislation could harm users and, ultimately, the role of the US in the cryptocurrency financial field.

New Regulations On Self-Hosted Crypto Wallets?

The CEO of the largest US-based digital asset exchange took it to Twitter to outline the potential importance of these regulations if indeed implemented. The rumors indicate that the current Treasury Secretary Mnuchin plans to make them official before the end of his term.

Armstrong explained that self-hosted cryptocurrency wallets (also referred to as non-custodial or self-custody wallets) are “a type of software that lets individuals store and use their own cryptocurrency, instead of needing to rely on a third-party financial institution.”

They enable users to access basic financial services through this technology – “just like anyone can use a computer or smartphone to access the open market.”

Should the proposed regulations become official, they would require financial institutions, including Coinbase, to verify the recipient (owner) of the self-hosted wallet. Meaning, it would collect identifying information on that party before completing the transaction.

According to Armstrong, such requirements would lead to several potential issues because “it is often impractical to collect identifying information on a recipient in the crypto-economy.”

Some of those issues could affect users that send cryptocurrencies to various merchants online or to other people in emerging markets, where “it is difficult or impossible to collect meaningful know-your-customer information.”

Even simpler transactions like upvoting some content on Reddit or transferring an item in a game would also require the verification of the recipient, which makes the process prolonged and complicated.

The US Will Suffer The Most

Armstrong believes that the impact of these “barriers” would prompt US-based users to initiate fewer transactions. This would “effectively create a walled garden for crypto financial services in the US, cutting us from innovation happening in the rest of the world.”

US customers would turn to foreign cryptocurrency companies to access such services, which could put the country’s status as a financial hub at risk in the long-run.

“If this crypto regulation comes out, it would be a terrible legacy and have long-standing negative impacts for the US. In the early days of the internet, there were people who called for it to be regulated like to phone companies. Thank goodness they didn’t.” – added Armstrong.

He also asserted that Coinbase and other cryptocurrency companies have sent a letter to the Treasury last week to articulate these concerns. However, he hasn’t specified if the Treasury has responded in any way yet.

Featured Image Courtesy of Observer

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/coinbase-ceo-fears-rumored-regulations-proposed-by-the-trump-administration/

Continue Reading
Blockchain5 days ago

Bitcoin supply shortage is due to overwhelming PayPal support

Blockchain5 days ago

DeFi Protocol Pickle Finance Hacked For $20 Million

Blockchain4 days ago

Crypto.com Launches Visa Cards for Canadians

Blockchain4 days ago

Chainlink Likely to See an Impulse Higher as Bulls Break Key Range

Blockchain4 days ago

Polkadot Aims to Become The New Home for The $14 Billion DeFi Industry

Blockchain16 hours ago

PayPal Reportedly Restricted a User’s Account for Trading Cryptocurrency

Blockchain4 days ago

88MPH DeFi Token Rallied By 375% After Suffering A Bug: Report

Blockchain4 days ago

Crypto Investment Manager DAiM Launches Company-Sponsored Bitcoin 401(k) Retirement Plans

Blockchain4 days ago

Luxury Watchmakers Announce Blockchain-Based Projects

Blockchain4 days ago

Why this parabolic Bitcoin trend will stop at nothing but $22,000

Blockchain2 days ago

Bitcoin shoots past $19,000 as new ATH awaits

Blockchain5 days ago

XRP Surges 30% Higher—and Analysts Think There’s Upside to Come

Blockchain4 days ago

Philippine Startup Week 2020 Set to be PH’s Largest Virtual Conference

Blockchain5 days ago

Bitcoin’s 14% Weekly Increase Eyes the ATH: The Crypto Weekly Market Update

Blockchain4 days ago

Bitcoin Near Crucial Juncture: Why BTC Could Surge Above $18.8K

Blockchain5 days ago

Bitcoin’s 14% Weekly Increase Eyes the ATH: The Crypto Weekly Market Update

Blockchain4 days ago

Here’s what you should know if you HODL or trade Bitcoin

Blockchain4 days ago

Crypto Investment Manager DAiM Launches Company-Sponsored Bitcoin 401(k) Retirement Plans

Blockchain4 days ago

Bitcoin’s 14% Weekly Increase Eyes the ATH: The Crypto Weekly Market Update

Blockchain4 days ago

Venezuelan Health Workers Receive USDC as Aid from US

Blockchain4 days ago

Crypto Investment Manager DAiM Launches Company-Sponsored Bitcoin 401(k) Retirement Plans

Blockchain5 days ago

XRP Sees Parabolic Explosion Overnight as Analysts Eye Further Upside

Blockchain4 days ago

Bullish Bitcoin price prediction looks shaky as BTC/USD dwindles near $19K

Blockchain4 days ago

Privacy coins no more? CipherTrace files patents for tracing Monero transactions

Blockchain2 days ago

CoinDesk Is Spinning Up an Ethereum 2.0 Node. Here’s How to Follow Our Journey

Blockchain4 days ago

10 Billionaires Could Triple the Price of Bitcoin, Says MicroStrategy’s Michael Saylor

Blockchain2 days ago

Yearning for Pickle? Two DeFi Protocols Merge

Blockchain4 days ago

3 Reasons Why Bitcoin will reach $140,000+

Blockchain4 days ago

The word ‘decentralized’ has lost all meaning — Enough is enough

Blockchain2 days ago

Market Analysis Report (24 Nov 2020)

Blockchain4 days ago

BlockApps launches Ethereum-based Agritech network in collaboration with Bayer

Blockchain3 days ago

Eth2 deposit contract passes threshold needed for Phase 0 to launch on December 1

Blockchain4 days ago

Polkadot Aims to Become The New Home for The $14 Billion DeFi Industry

Blockchain5 days ago

London-Based Think Tank Says Ripple’s XRP Remittance Platform Can Minimize Intermediaries and Boost Speed of International Payments

Blockchain4 days ago

XRP’s Midnight Price Level Reaches $0.49, Marking An Increase Of 66%

Blockchain5 days ago

Crypto Investment Manager DAiM Launches Company-Sponsored Bitcoin 401(k) Retirement Plans

Blockchain5 days ago

What Happens When Bitcoin [BTC] Enters “Price Discovery Mode”?

Blockchain5 days ago

Bitcoin price prediction – Beware the weekend consolidation above $18,500

Blockchain5 days ago

Bitcoin’s 14% Weekly Increase Eyes the ATH: The Crypto Weekly Market Update

Trending