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Emphasizing User Friendliness With Sovereignty, Casa Launches Free Wallet

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Today, Bitcoin custody solution provider Casa has launched a free wallet service aimed at new users. This app provides a retooled version of the basic wallet it offers its members, designed to be simple to use but without all of the premium services included in Casa’s more advanced products.

“We’re excited about launching a free and simple bitcoin wallet that anyone can use,” said Nick Neuman, Casa’s CEO, in a statement shared with Bitcoin Magazine. “More people are turning to Bitcoin as a long-term investment, but they may not know how to store it safely… We want to offer this simple wallet for beginners for free, so they can start their Bitcoin journey safely.”

The free wallet service is provided through the Casa Keymaster app, available on iOS and Android. It’s designed for beginner Bitcoiners with some ease of use features and basic instructions around private key management, but also includes some of the features Casa offers to its more experienced members. It’s built on the company’s Keymaster technology, which undergirds its multisignature, membership-level product as well, and it can be accessed without the sharing of any personal info aside from a first name and email, which can be pseudonymous.

“There is no location tracking, no data tracking and no invasive third-party analytics: users simply sign up with an email and an alias to start improving their Bitcoin security immediately,” according to a press release.

In the release, Casa explained that the wallet is also seedless by default, meaning that users are not responsible for recording their own seed recovery phrases — the lists of words that are generated by bitcoin wallets and allow them to recover any funds stored on chain in case something happens to their wallets, typically recorded on pieces of paper by the users.

“The Casa Wallet is seedless, meaning users don’t have to worry about securing a paper seed phrase, which is one of the largest friction points for new Bitcoiners,” per the release. “Casa has created a new secure backup mechanism that stores an encrypted version of the key in the user’s cloud storage — but the decrypted key is only ever accessible on the user’s phone.”

With a flagship multisig wallet product designed by Bitcoin security advocate Jameson Lopp, Casa positions itself as one of the premium self-custody management providers in the Bitcoin space. This latest free and newbie-friendly offering may be an ideal onramp for those who are just entering Bitcoin but want to start their journey in a way that leads to ultimate sovereignty, security and privacy.

The post Emphasizing User Friendliness With Sovereignty, Casa Launches Free Wallet appeared first on Bitcoin Magazine.

Source: https://bitcoinmagazine.com/articles/emphasizing-user-friendliness-with-sovereignty-casa-launches-free-wallet?utm_source=rss&utm_medium=rss&utm_campaign=emphasizing-user-friendliness-with-sovereignty-casa-launches-free-wallet

Blockchain

Kraken Daily Market Report for December 02 2020

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Overview


  • Total spot trading volume at $497.5 million, lower than the weekly average of $773.78 million as Bitcoin prices cooled off, but almost all coins had positive returns.
  • Trading with USD dominated (58% of fiat trading). In addition, four of the five most traded pair were against USD: Bitcoin, Ethereum, Tether, and Ripple.
  • The sixth most traded coin today was Yearn, which had 18% returns over USD.

December 02, 2020 
 $497.5M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$19210. 
↑2.3% 
$250.7M
ETH 
$598.01 
↑2.0% 
$71.8M
USDT 
$1.0006 
↓0.02% 
$68.2M
XRP 
$0.6298 
↑3.1% 
$44.0M
LTC 
$88.895 
↑4.5% 
$10.8M
YFI 
$30316. 
↑18% 
$10.0M
LINK 
$13.982 
↑4.9% 
$8.9M
USDC 
$1.0000 
↓0.01% 
$6.28M
ADA 
$0.1585 
↑1.9% 
$5.71M
DOT 
$5.4624 
↑7.5% 
$4.5M
XLM 
$0.1849 
↑0.6% 
$4.11M
BCH 
$294.63 
↑2.6% 
$3.48M
DAI 
$1.0042 
↓0.08% 
$2.6M
KSM 
$61.774 
↑12% 
$2.3M
ALGO 
$0.3412 
↑11% 
$1.51M
XTZ 
$2.3898 
↑2.9% 
$1.41M
WAVES 
$7.0364 
↑3.2% 
$1.38M
CRV 
$0.7999 
↑18% 
$1.22M
EOS 
$3.0584 
↑2.1% 
$1.21M
XMR 
$127.87 
↑1.8% 
$1.05M
SNX 
$5.2364 
↑10% 
$1.05M
ATOM 
$5.5095 
↑4.8% 
$998K
DASH 
$105.35 
↑1.5% 
$966K
UNI 
$3.9407 
↑11% 
$912K
OMG 
$3.7868 
↑3.5% 
$653K
FIL 
$30.575 
↑0.8% 
$628K
TRX 
$0.0311 
↑3.1% 
$612K
PAXG 
$1836.7 
↑0.9% 
$612K
QTUM 
$2.7820 
↑2.3% 
$509K
ZEC 
$76.837 
↑2.6% 
$504K
OXT 
$0.2953 
↑1.9% 
$493K
MLN 
$30.642 
↑3.2% 
$320K
COMP 
$113.59 
↑8.2% 
$303K
STORJ 
$0.3827 
↑10% 
$295K
REP 
$16.816 
↑6.9% 
$289K
ETC 
$6.2379 
↑1.3% 
$270K
SC 
$0.0034 
↑4.2% 
$247K
ICX 
$0.4376 
↑4.5% 
$244K
KAVA 
$1.7451 
↑6.5% 
$239K
NANO 
$1.1628 
↑0.27% 
$236K
BAT 
$0.2422 
↑3.0% 
$206K
TBTC 
$19538. 
↑1.2% 
$200K
XDG 
$0.0033 
↑1.3% 
$187K
KEEP 
$0.3161 
↑3.8% 
$165K
LSK 
$1.4100 
↑4.6% 
$156K
BAL 
$14.465 
↑6.9% 
$95.7K
GNO 
$63.704 
↑2.3% 
$92.7K
ANT 
$3.4254 
↑1.5% 
$89.9K
KNC 
$1.0271 
↑3.8% 
$73.2K
REPV2 
$15.869 
↑5.8% 
$21.7K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (December 02 2020)



Figure 2: Mid-size trading assets: (measured in USD) (December 02 2020)



Figure 3: Smallest trading assets: (measured in USD) (December 02 2020)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (December 02 2020)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (December 02 2020)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (December 02 2020)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (December 02 2020)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/6997/kraken-daily-market-report-for-december-02-2020/

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TA: Why Bitcoin Must Clear $19.3K To Start A Fresh Rally Towards $20K

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Bitcoin price remained in a range above the $18,500 support against the US Dollar. BTC is trading above $19,000 and it could start a strong surge if there is a clear break above $19.3K

  • Bitcoin is currently holding the $18,800 and $19,000 support levels.
  • The price is facing a major resistance near $19,300, but it is above the 100 hourly simple moving average.
  • There is a major contracting triangle forming with resistance near $19,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a strong rally if there is a clear break above the $19,300 resistance zone.

Bitcoin Price is Stuck In Range

Yesterday, we discussed the importance of the 100 hourly simple moving average and $18,800 for bitcoin price. BTC did find a strong support near the 100 hourly simple moving average and there was no downside break below the $18,500 support.

The price seems to be trading in a broad range above the $18,500 and $18,800 support. The last swing low was formed near $18,117 before the price climbed above the 50% Fib retracement level of the key downward move from the $19,957 swing high to $18,117 swing low.

The price is now facing a major resistance near $19,300, but it is above the 100 hourly simple moving average. It seems like there is a major contracting triangle forming with resistance near $19,300 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

The triangle resistance is close to the 61.8% Fib retracement level of the key downward move from the $19,957 swing high to $18,117 swing low.

Therefore, a close above the triangle resistance and $19,320 could open the doors for a larger increase. The next key resistance is near the $19,500, above which bitcoin might test the $20,000 zone.

Downside Break in BTC?

If bitcoin fails to clear the $19,300 resistance level, there is a risk of a downside break. An initial support is near the triangle lower trend line at $18,800 and the 100 hourly simple moving average.

A downside break below the $18,800 support level could push the price towards $18,500. Any more losses may possibly spark a sharp decline towards the $18,000 level.

Technical indicators:

Hourly MACD – The MACD is slowly gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently just above the 50 level.

Major Support Levels – $18,800, followed by $18,500.

Major Resistance Levels – $19,300, $19,500 and $19,800.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-must-clear-19-3k-to-start-rally/

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Chainlink recovery hampered under $14.5 but these key support levels hold the fort

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  • Chainlink holds above the critical support provided by the 50% Fibo in conjunction with the 100 SMA.
  • LINK/USD could resume the uptrend as long as the price reclaims the position above $14 and holds the 50% Fibo support.

Chainlink’s upside recently hit a wall amid the recovery from the Thanksgiving Day crash to $11. Several barriers were pushed into the rearview but LINK failed to sustain gains above the stubborn resistance at $14.5. Meanwhile, it is still difficult to sustain the uptrend, now that the price slipped under $14.

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Chainlink holds above critical support

At the time of writing, the decentralized oracle price feed token is trading at $13.9. Immediately on the downside, the 50% Fibonacci level is providing support. Additionally, the 100 Simple Moving Average on the 4-hour chart, adds credibility to the support.

Holding anchor above will cement the bulls’ position in the market while setting up Chainlink for a price action eyeing $18 in the medium term. As mentioned earlier several resistance levels are likely to delay the recovery, including $14.5, $15 as well as $16.

LINK/USD 4-hour chart

LINK/USD price chart
LINK/USD price chart by Tradingview

On the other hand, trading under the 50% Fibo and the 100 SMA might trigger massive sell orders. If enough volume is created, LINK would be forced to seek balance at the 50 SMA and the 38.2% Fibo. The bearish outlook has been reinforced by the Relative Strength Index after stalling slightly above the midline.

In case of extended declines, the 200 SMA is in line to cushion Chainlink from a massive drop. However, last week’s support at $11 would be the last resort before LINK enters into a downtrend with the potential of refreshing levels under $10.

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Chainlink intraday levels

Spot rate: $13.9

Relative change: -0.034

Percentage change: -0.2

Trend: Short-term bearish bias

Volatility: Low


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

Author: John Isige




John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

Source: https://coingape.com/77191-2/

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