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Taking Bitcoin to the Streets with Poynt

This week, we partnered with Poynt, the world’s first open commerce platform, to integrate our cryptocurrency payment processing with their Smart Terminal point-of-sale devices at over 100,000 retailers across the globe.



Taking Bitcoin to the Streets with Poynt

This week, we partnered with Poynt, the world’s first open commerce platform, to integrate our cryptocurrency payment processing with their Smart Terminal point-of-sale devices at over 100,000 retailers across the globe.

By just scanning a QR code at checkout, consumers can now pay merchants using Poynt’s devices with the currency of their choice, including Bitcoin, Bitcoin Cash, Ethereum, XRP, and  the three stablecoins BitPay currently supports. Our integration with Poynt’s smart terminals makes the checkout experience quicker, easier and more secure than using credit cards or cash.

BitPay CEO and Co-Founder Stephen Pair said:

We’re thrilled to team up with Poynt, who’s proven to be a real driver of point of sale innovation. It’s a massive growth opportunity for BitPay, and an important milestone in our now nine-year mission to make payments faster, more secure, and less expensive for people and businesses.

Poynt Founder and CEO Osama Bedier said:

Poynt was built on the idea of open commerce. Poynt OS lays the foundation for developers and merchants to collaborate and drive limitless growth. The addition of open-source, decentralized currencies like Bitcoin is a natural fit in our open-commerce environment. BitPay pioneered blockchain payments, and, without question, they were the company we trusted to bring us into the next generation of payments.



PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser



Blockchain analytics firm TRM Labs has appointed former U.S. Treasury and Financial Crimes Enforcement Network (FinCEN) heavyweight Ari Redbord to help build the firm’s risk-based anti-money laundering (AML) programs for cryptocurrency and digital assets.

Redbord joins TRM Labs as the company’s head of legal and government affairs. At Treasury, he served as a senior adviser to the under secretary for Terrorism and Financial Intelligence. His resume also includes stints at FinCEN and the Office of Foreign Assets Control (OFAC), in areas related to cryptocurrency. 

Blockchain analytics is a hot space with the likes of Chainalysis tying up with law enforcement, Elliptic forensically following illicit money around the crypto ecosystem and CipherTrace building “travel rule” solutions and monitoring crypto compliance regimes. 

So does the hire of Redbord mean TRM Labs is positioning itself alongside government crime-fighting agencies and law enforcement? 

“I don’t think the focus will just be on the long arm of the law,” said Redbord. “Actually, I think in a way it’s quite the opposite, because a company like TRM allows for less regulation, quite frankly, by allowing governments around the world to be more comfortable that they are able to identify suspicious activity and get those bad actors out of this.”

The analytics firm’s data insights can be applied evenly to three different segments, said Esteban Castaño, TRM’s co-founder and CEO. Those are government organizations, including regulatory and law enforcement, cryptocurrency businesses and traditional financial institutions that may not custody crypto directly, but are exposed to the cryptocurrency risk, he said.

“It maybe goes against traditional startup wisdom to serve different types of customers, but we can deliver insights around the risk of an individual address and individual transaction or a cryptocurrency business as a whole,” said Castaño.

Founded in 2018, TRM is backed by PayPal, Initialized Capital, Blockchain Capital and Y Combinator. 


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Election 2020: What’s at Stake for the Crypto Industry



The 2020 U.S. presidential election will shape crypto policy for the next four years – even if no one’s actually pitching crypto-specific positions.

While presidential candidates aren’t campaigning on their blockchain savvy – and indeed, have barely mentioned cryptocurrency – the individuals they appoint to lead and serve in federal agencies,will shape the agenda on issues ranging from central bank digital currencies to the legal status of various tokens.

The election is important, said Kristen Smith, executive director of the Blockchain Association, an industry lobbyist group. “We have major regulatory issues, major legislative issues, [and] the people who are going to be in place will play an outsize role in that.”

Still, it’s clear that neither major Presidential candidate is proposing any immediately applicable policies. John Collins, a partner at advisory group FS Vector told CoinDesk that “crypto is just going to be low on the priorities, which is not surprising.”

On the ballot this year are President Donald Trump (R), former Vice President Joe Biden (D), Jo Jorgenson (Libertarian Party), crypto entrepreneur Brock Pierce (independent) and musician Kanye West (also independent). Most major polls agree that the race is between Trump and Biden, with some of the third-party candidates not even making it to all 50 ballots.

Trump has publicly bashed Bitcoin, tweeting that he is “not a fan” of the cryptocurrency. Biden hasn’t made any public statements on it, though his campaign joked it would not ask for Bitcoin donations after his Twitter account was hacked in July alongside numerous other crypto exchanges, influencers and media sites.

Neither candidate has made crypto and blockchain a campaign issue. 

Federal regulators

The election’s most direct impact on crypto policy will likely come through the federal regulators the President will appoint and the Senate will confirm. The chairs of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), the head of the Office of the Comptroller of the Currency (OCC) and the Secretaries of Treasury and State are just a few individuals who shape the U.S. government’s approach to crypto. 

At present, the SEC is run by Chair Jay Clayton, who Trump nominated as the U.S. Attorney for the Southern District of New York.  In the event Trump wins and Clayton is confirmed to head up the prosecutor’s office, Commissioner Hester Peirce could potentially take over the securities regulator, at least temporarily. 

This would be a big deal. Peirce has advocated for cryptocurrency development and regulatory leniency in the past, earning the nickname “Crypto Mom” for her positions, which include a safe harbor designed to let token projects get off the ground before facing regulatory burdens.

It’s unclear who Biden might tap to lead the agency should he win the election, but Democratic Commissioners Caroline Crenshaw and Allison Herren Lee are potential candidates, at least initially.

Ron Hammond, an industry lobbyist and former aide to Rep. Warren Davidson (R-Ohio) expects the agency to take more enforcement actions next year, particularly if Biden wins. 

“There’s a lot of enforcement staff who want to make sure they have a job next [year] regardless of who wins,” he said. “They want to show they’re engaged and not asleep at the wheel.” 

Read more: ‘Inherently Borderless’: Acting OCC Chief Talks Crypto, State Licenses and DeFi

Overall the securities regulator appears to be leaning more toward “regulation by enforcement” rather than developing clear frameworks, he said. 

The CFTC is more likely to create these regulatory frameworks, and current Chair Heath Tarbert only took office in 2019, giving him a few more years to helm the commodities regulator. 

The direction of the OCC, which has made a number of waves since current Acting Comptroller Brian Brooks has taken office, is more unclear, he said. 

“I haven’t heard any names, Republican or Democrat,” he said. 

Whether or not the U.S. issues its own central bank digital currency is another open question. The Federal Reserve has indicated it is researching different technologies that could support a digital dollar, with Boston Fed Governor Lael Brainard discussing the issue in a speech earlier this year.  Brainard is also rumored to be Biden’s top pick for Treasury Secretary

On the other hand, it’s unclear if current Treasury Secretary Steven Mnuchin will stay on in a Trump victory, though Hammond believes Fed Chair Jerome Powell would be likely to continue in the event of a Trump victory.

Ideological divide

Not everyone, of course, thinks that the election will bring big changes to the crypto industry. 

“I think regardless of who wins this election I don’t see there being a huge difference in terms of cryptocurrency regulation,” said John Sedunov, an assistant professor of finance at Villanova University’s School of Business. 

In his view, regulators are most likely to continue treating cryptocurrencies much as they already have: as a financial asset.

“As far as technology, Big Tech, goes or financial regulation, I would think in a Biden administration it’s pretty clear there would be more scrutiny on financial institutions or banking,” he said. “But I don’t think anyone in the crypto space right now needs to worry about being considered ‘too big to fail.’” 

Smith noted that a potential Biden administration is “mostly unknown,” while a second Trump term could be more familiar to the crypto space. 

The next president might also help set the tone for crypto-adjacent issues like data privacy, antitrust/big tech and consumer protection.

Read more: DOJ’s Crypto Framework Is ‘a Complete Disaster’ for Digital Privacy Rights

Current Attorney General William Barr has come out against encryption in both a cryptocurrency enforcement framework and through a statement made with other intelligence agencies. It’s unclear whether a Biden nominee to the role would have similar views. 

Consumer protection is more likely to be an issue that Biden’s team would pay attention to, however, Sedunov said.

“I think the crypto space and participants in the crypto space’s best bet in thinking about a potential Biden win is to sell people on the idea this is pro-consumer and healthy for the economy,” he said. 

It is unlikely that existing rules or guidance will be immediately overturned should Biden win, Collins said, at least in part because it’s not going to be a major priority.

What does seem likely is either future administration will probably have more staffers who come from a cryptocurrency-related background, he said. 

Given the increasing amount of interest from European and Asian regulators in central bank digital currencies and other blockchain rules, with China in particular moving rapidly to develop a digital yuan, it’s likely that the next administration will have to do more work in this area, Collins said.

“I don’t think the federal government is going to give bitcoin to people but the idea around more open trustable payment networks is going to be a huge part of the conversation,” he said. 

Senate election

While the President might set the tone for crypto regulation next year, a large part of the government’s approach will be decided by Congress. The House of Representatives is expected to remain in the hands of the Democratic Party, and the Democrats are currently favored to win the Senate, according to statistical analysis site FiveThirtyEight. 

This means the Senate Banking Committee will change heads, with Sen. Sherrod Brown (D-Ohio) expected to take the reigns of the committee, Hammond said. 

Collins said he can see both Democrats and Republicans agreeing on certain regulations around spot markets and which agency should be responsible for them. 

Smith said she expects to see more lawmakers start looking at crypto next year.

“On the Senate side just in the past couple months we’ve had a couple Senate offices approach us and say this is a priority next year and they want to start having a dialogue.”



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Stellar Lumen price prediction: $0.08 key for XLM price movement

Stellar Lumen price correcting below $0.85 XLM/USD recorded a new monthly high at $0.0877 Clearing below $0.080 could spark a bearish break XLM is currently trading in a positive zone The Stellar Lumen price has depreciated from $0.119 to $0.07 in just over two months. This decline’s primary reason is down to the low transaction […]



  • Stellar Lumen price correcting below $0.85
  • XLM/USD recorded a new monthly high at $0.0877
  • Clearing below $0.080 could spark a bearish break
  • XLM is currently trading in a positive zone

The Stellar Lumen price has depreciated from $0.119 to $0.07 in just over two months. This decline’s primary reason is down to the low transaction volume and uncertainties clouding the Stellar Lumen project. The XLM/USD pair is presently trading in a positive zone above the $0.08 price level. 

Stellar Lumen daily price recap

Stellar Lumen price prediction: $0.08 key for XLM price movement 1
XLM/USD daily chart:Tradingview

Currently, the XLM/USD pair is trading at $0.08379, with a daily trading volume of $151,864,159. During the previous 24 hours, Stellar Lumen price has dropped by 0.24 percent. The token opened the day trading at $0.08307 after closing the previous day at $0.08337. So far, the price has ranged between $0.08264 — $0.08425.

XLM/USD 4-hour chart

Stellar Lumen price prediction: $0.08 key for XLM price movement 2
XLM/USD 4-hour chart: Tradingview

After bitcoin’s price spike, the XLM/USD pair managed to gain, soaring past the $0.084 price level. In fact, the pair managed to breach the resistance zone near $0.085 before settling above the 55 SMA on the 4-hour chart.

The bulls managed to record a new monthly high of $0.0877 before the Stellar Lumen price action commenced on a downside correction. The XLM/USD pair corrected below the critical support level at $0.085, breaking out of a crucial bullish trendline that was shaping up anchored near $0.084, as highlighted on the above chart. 

Stellar Lumen price prediction

The XLM/USD pair has support near the $0.082 price level. If the Stellar Lumen price deepens below this support zone, the bears are open to testing the critical support levels at $0.080 and $0.0794. The sellers must clear off the buying pressure near $0.0785 to spark a bearish breakdown driving the market into a negative zone. 

On the contrary, the Stellar Lumen price action might remain above the $0.08 fundamental support level. The immediate resistance zone is near $0.085, while the vital sell-off zone is near the $0.087 price level. If the bulls can manage to clear the selling pressure at these two levels, the XLM/USD pair could be open to more gains past the $0.088 and $0.090 price levels.

A surge past the $0.090 price level is a buy signal and would open up a way for Stellar price to test the $0.10 price level. 

In other news, the Stellar Development Foundation (SDF) recently announced an essential update for Stellar Blockchain users. After discovering bugs’ presence in the Stellar Protocol 14 testnet, which was launched back in September, the vote for the mainnet update has been pushed to November 23, 2020. After taking care of the bugs, the SDF launched the testnet on October 20 as protocol 15. 

The fresh features revealed for the blockchain will be executed when protocol 15 will be launched on the mainnet next month. The two notable features of the update include Claimable Balances and Sponsored Reserves. 

Disclaimer. The information provided is not a trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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