Caitlin Long’s Avanti Raises $5M, Submits Wyoming Banking Charter Application Draft
Crypto bank Avanti now has the backing of several popular investors in crypto.
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Fold app gives bitcoin cashback on purchases |
Fold, a cashback application based on bitcoin has announced that it will roll out a bitcoin cashback function in the near future. Not only that, but Fold has also announced that it has attracted several new enterprise partners who will be part of the cashback program. Bitcoin cashback Fold, which recently completed its first financing round worth USD 2.5 million, has announced that it will start giving bitcoin cashback (up to 20% of the value of the purchase) to its customers. Until now Fold was a cryptocurrency payment app, which allowed users to spend their crypto assets in shops like Target, Airbnb and Dominos Pizza. Now, the company is looking to start giving bitcoin cashback to its customers. Not only that, but Fold also announced an exclusive giveaway for its customers. The promotion called ‘₿lack Friday’ will giveaway one bitcoin to a lucky customer who used the app during Black Friday shopping sprees. According to Fold, the app has already processed thousands of payments, and the company has paid out more than USD 20,000 in bitcoin cashback. Fold Fold works…
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China’s Oldest Exchange OKCoin Readies for Move Into Japan
OKCoin, one of the oldest exchanges in China, is continuing its crypto exchange business expansion, announcing on March 30 that it has officially secured licensing in Japan. OKCoin has been anticipating this day Per its announcement, OKCoin Japan has completed its registration with the Kanto Local Finance Bureau. According to the firm, this makes OKCoin the first international exchange to obtain a cryptocurrency exchange license through the official application procedure in Japan. OKCoin Japan said that ever since its establishment in September in 2017, it has been preparing itself to be in a position to achieve a business framework that can comply with Japanese law. OKCoin marketing manager added that: “OKCoin wants to get recognition from the Japanese authority in terms of their own technologies, products, teams, compliance & regulation system and internal management system, etc., in this way, they finally get approved by the license.” OKCoin has been expanding its global presence since 2013 OKCoin is now officially headquartered in San Francisco and has a number of offices worldwide including Malta. OK Group has expanded its business bases in…
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Anycoin Direct Launches Innovative New Platform
Cryptocurrency exchange service Anycoin Direct rolls out a new website for the European market. With their newly designed website, Anycoin Direct aims to make the buying and selling process of cryptocurrencies more accessible for everyone. The personalized design is unique within the cryptocurrency industry and was chosen to create a more reliable and trustworthy appearance. CTO Julian van der Wijst states ‘’With this new approach we’re going to show that getting into cryptocurrency doesn’t have to be difficult or unpersonal’’. Their step-by-step process helps users whether beginner or experienced, carry out fast and secure transactions. Anycoin Direct is a cryptocurrency broker based in the Netherlands and was founded in 2013. They were the first European cryptocurrency broker to offer a live-chat support service, 7 days a week. With their new platform, Anycoin Direct is trying to make cryptocurrency accessible for a larger audience, including less tech-savvy users. A new innovative feature is the adaptive side support bar. This system dynamically shows relevant questions and answers during each step in the buying and selling process. If this system is unable to…
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BTC/USD Reversal Necessary In Journey to $9,200 |
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin holds above $8,500 after the support at $8,600 gave in to the selling activity. The bearish correction could be a reflex action to create fresh demand for BTC in a bid to push towards $9,200. Bitcoin has had an interesting start of the year following the bull-run that catapulted it from lows at $6,500 in December to highs close to $9,200. The gains have seen experts in the industry including the co-founder of Fundstrat, Tom Lee who recently that he expects positive dynamics towards the May 2020 halving event. Meanwhile, the January surge appears to have died and Bitcoin is struggling to stay above key support areas. At the time of writing, Bitcoin is dealing with a 1.54% loss recorded from the opening at $8,659 to the market value at $8,530. BTC/USD 1-hour chart Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BTC/USD price chart by Tradingview The ongoing selloff is happening due to the failure to…
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Bitcoin Price Avoids $8.2K to Mirror Stock-to-Flow Creator’s Forecast
Bitcoin (BTC) may have shed 11% in a week, but it is actually performing exactly like one of the industry’s most famous analysts predicted. In a tweet on Mar. 1, PlanB, creator of the well-known stock-to-flow Bitcoin price forecasting model, said that at around $8,500, BTC/USD was wholly on schedule. PlanB: “So far so good” for BTC price In February, he predicted that Bitcoin might lose its 200-day moving average support, but would ultimately stay above $8,200. As Cointelegraph reported, the prognosis ultimately became reality last week. The 200 DMA had provided bullish hope to traders after it flipped from resistance to support in February, but recent volatility reversed its role. For PlanB, however, there is no cause for concern. Sharing data from his Bitcoin price indicator, he said the outlook had in fact improved to $8,600. “So far so good and .. the indicator just flipped to $8600 (March close),” he wrote in accompanying comments. While the price forecast is a separate entity, stock-to-flow currently calls for an average of around $8,650 for Bitcoin prior to its May 2020…
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ConsenSys Fires 14% of Its Staff in Organizational Shakeup
New York-based Ethereum blockchain development firm ConsenSys has announced a 14 percent reduction of its workforce. The layoff is a part of the firm’s strategic move to separate its software development division from its venture investment arm and secure $200 million in funding from outside investors. ConsenSys Cuts Staff by 14% To Secure Funding According to Reuters, ConsenSys has announced a 14 percent staff cut as it aims to restructure its business model and secure a raise in funding. The layoffs fall within its human resources, finance, and marketing departments. The firm released a statement on Tuesday (February 4, 2020) saying its software development division will operate separately from its venture investment arm. An excerpt from the company’s statement reads: “The business is focused on two goals: providing developer tools and infrastructure for the developer, decentralized finance, and startup communities; and helping enterprises in the financial services, trade finance, and commerce sectors deploy and operationalize blockchain solutions.” A spokesperson for the blockchain firm said ConsenSys will operate a software business composed of several of its products optimized for a modular…
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South Korean Military Gets a Blockchain-Based Upgrade
The South Korean military’s Military Manpower Administration has partnered with Raonsecure, one of S. Korea’s leading ICT security software companies, to provide a blockchain-based biometric ID and authentication solution for the S. Korean Military. South Korean Army Goes Digital The South Korean Military’s Military Manpower Administration has announced that they will be adopting a new biometric ID and authentication solution designed by Raonsecure, one of the leading cybersecurity firms in South Korea. Raonsecure is also the team behind TouchEn. TouchEn OnePass is the most popular FIDO (Fast Identity Online) biometric authentication service in Korea, and is also the first FIDO-certified authentication system currently being used by financial institutions. Raonsecure’s blockchain ID solution is being jointly-developed with the Loop, the organization behind the Icon (ICX) blockchain network. The blockchain-based authentication system will be designed with FIDO standards designed into the system itself. FIDO-certified authentication solutions use unique biometric markers like voice recognition, facial recognition, fingerprints, iris recognition, along with present solutions like an old fashioned pin number, to address a wide variety of use cases. Biometric Authentication is a massive emerging…
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Telegram Founder Pavel Durov to Give Deposition in Gram Token Case
In the latest chapter of Telegram’s legal battle with the United States Securities and Exchange Commission (SEC), the firm’s founder Pavel Durov will give a deposition along with two Telegram employees. On Nov. 25, District Judge P. Kevin Castel of the New York Southern District Court ruled that the deposition will take place on Jan. 7 or 8, 2020, at a location agreed upon by the relevant parties. Ilya Perekopsky, vice-president of Telegram, will testify as well. Perekopsky’s deposition is set for Dec. 16, 2019. The deposition of Shyam Parekh, a Telegram employee engaged in the $1.7 billion Gram (GRAM) sale, will be held on Dec. 10, 2019. Durov will testify regarding the SEC’s claims that Telegram engaged in the sale of unregistered securities when it sold its Gram tokens to vetted investors. Following the SEC’s accusations, Telegram filed a counterclaim on Oct. 16, where the firm argued that its native crypto is not a security and a request for a preliminary injunction against the firm should be denied. Launch delayed As a result of the SEC’s injunction against Telegram,…
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Tails 4.3 Provides Native Trezor Hardware Wallet Support for Crypto Assets » The Merkle Hash
Plenty of cryptocurrency users have an interest in exploring different computer operating systems. Tails has always been of great interest in this regard. Similar to any other OS, the developers will introduce regular updates and fixes. Tails Acknowledges the Demand for Crypto Support In the latest edition, known as Tails 4.3, there is a key change for cryptocurrency users. This marks the first edition where Trezor hardware wallets are supported natively. A very interesting choice, given the nature of this privacy-oriented operating system. This news also comes at an interesting time. Not too long ago, it became apparent that all Trezor models are subject to a hardware flaw. Although the chance of theft is relatively small, it is still a very big problem for the company itself. That said, it is still good to see more operating systems include support for cryptocurrency hardware wallets out of the box. The Tails team is doing a very good job in this regard. Other noteworthy changes include an updated Tor Browser and Thunderbird client, as well as better Tor support and hardware-oriented improvements….
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Sally Ho’s Technical Analysis 13 February 2020 BTC ETH
Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair traded as high as the 10392.99 area after finding technical support around the 10250.00 area during yesterday’s European session. Traders remain curious to see if the pair will be able to reclaim the 11000 figure, a level that has eluded the pair for several months. The key upside price objective that was closest to that recent high is the 10472.26 area, a level with a technical significance that became relevant after buying demand emerged around the 9078.05 area during the pair’s ascent. The next downside price objective related to these levels is the 10041.59 level. One important level is the 9271.47 area that represents the 38.2% retracement of the move from 13868.44 to 6430.00. Some additional levels will also provide the pair with a real test if the market retraces lower. Among these levels, the 9532.39 area represents the 38.2% retracement of the move from 19891.99 to 3128.89 and the 9017.14 area represents the 38.2% retracement of the 13202.63 – 6430.00 range. Traders are also interested to…
