Payment Processor CoinPayments App in motion for iOS

The anticipated launch of its new app for Apple iOS devices is a proud moment for Coin Payments.

This addition from the CoinPayments platform will bring all Apple iOS users the same simple, secure, feature-rich mobile app as experienced by Android users.


Coin Payments allows consumers and merchants alike to spend, store and receive payments by offering a Point of Sale system, integrated directly onto the free App. As transactions continue to shift into the digital arena globally, Coin Payments is primed to become the largest payment processor of digital assets in the world. This mobile app & POS system provides a simple way to merchants to accept payments, allowing nearly 2.4 million users who use the platform to sum up multiple payment gateways or wallet providers.


CoinPayments is changing the way customers pay for everyday purchases, making it the easiest and the most trusted mobile Point of Sale system available in both Google Play and iTunes app stores.


Innovative features on the CoinPayments mobile app include:
• $PayByName: A unique tag that replaces all wallet addresses with one simple name of your choice, rendering transactions seamless.
• Mobile Point of Sale POS: Accept in-person payments, with optional Tax and Tipping functionality. The POS allows for 27 Fiat currency price calculations.


• Multi Crypto Wallet: CoinPayments’ mobile wallet has expanded to include all of 1,200+ coins with send, store and receive functionality.
This mobile wallet is game changer for CoinPayments — transforming how consumers buy products in-store and online with crypto.

CoinPayments’ launch of the new app is the first dedicated to transforming its organization in becoming a leader in mobile crypto payments.

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Future of Digital Tokens: Nil, Says CEO

Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said that the majority of digital tokens won’t have any value in the long run.


On an interview with CNBC, Silbert said “I’m not a believer in the vast majority of digital tokens and I believe most will go to zero.” He added that, “Almost every [initial coin offering] ICO was just an attempt to raise money but there was no use for the underlying token.”


ICOs experienced a boom in late 2017– early 2018, followed by a bust as prices dropped and state and federal regulators broke down on projects that were ongoing afoul of securities laws.


Coin-telegraph reported that data from Coin Schedules shows that ICO valuations are back to levels just above those seen in January 2017. The data displays that last month, $291.6 million was curbed through ICOs, which is around 19 times less than the $5.8 billion raised in March last year.


Despite his bearish views on ICO tokens, Silbert still vibe positively about Bitcoin (BTC), in spite being an early investor. While Bitcoin has “a really ugly technical chart” in Silbert’s opinion, it has “won the race to be digital gold.”


Mike Novogratz, a former Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that Bitcoin is unique among cryptocurrencies. In regard to Bitcoin’s use as a potential store of value, Novogratz said:
“There’s 118 elements on the periodic table, and only one gold […] Bitcoin is going to be digital gold, a place where you have sovereign money, it’s not U.S. money, it’s not Chinese money, it’s sovereign. Sovereignty costs a lot, it should.”

 

Silbert’s Digital Currency Group is one of other companies that formed the Blockchain Association, the purported first lobbying group representing the blockchain industry in Washington D.C. rest founding members of the organization include Cryptocurrency exchange and wallet service Coin base and technology startup Protocol Labs.

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Test net Decentralized Exchange launch date out by Binance CEO

Cryptocurrency exchange Binance, CEO Changpeng Zhao tweeted the date of release test net version of its new decentralized exchange as Feb. 20.
Binance DEX, aims to provide a decentralized basis for Cryptocurrency holders to trade tokens, removing liability and security hurdles related to traditional, centralized platforms.


The test net release will be public, with Zhao requesting feedback from users in the same tweet.


The date follows previous announcements with more details about Binance DEX, which will include support for Cryptocurrency hardware wallets. This feature will allow users to trade while retaining control of their private keys, says Zhao.


Promises of a test net had circulated since December, with Binance since launching an over-the-counter desk for large volume traders and other expansion features.


At the time DEX was announced, Zhao added that he anticipated it running either in tandem with the original Binance platform or even replacing it altogether, depending on market reactions.


A company spokesperson confirmed in January, Binance is planning to expand into two new markets as in 2019.

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In Latest Research, BitMEX Safeguards Insurance War Chest.

BitMEX describes its increasing insurance fund – currently worth over $75 million – as a “needed” reservoir for holding its unlimited upside model of leveraged trading, citing the “unique challenges” related to operating outside the institutional financial system and its safeguards.


CryptoCompare’s most recent exchange review states, the Seychelles-registered exchange hosts the vast majority of the world’s bitcoin perpetual derivatives/futures trading, consistently in the orbit of 90-95% – more than the US-regulated CBOE and CME markets altogether.


Unlimited Upside

BitMEX Research compare their operations to those of their institutional competitors, such as the CBOE and CME also they enumerate several layers of protection available to those institutions, BitMEX must cope to not have.


Emphasizing that solvency is especially important for institutional actors, whose market positions can be so large that failure to support trades could result in a risk to financial/social stability.


Hence BitMEX’s mechanic of reclaiming the entirety of a losing trader’s position after it reaches its margin limit, also know, as “liquidating,” which occurs in lieu of the equivalent “margin call.” BitMEX utilize liquidation to pay winning traders, adding to the insurance fund – if and only if market flow is “tighter than the maintenance margin.”


BitMEX make the case that this 21 thousand bitcoin fund is needed to cover gains owed to traders, pointing out that the fund has been entirely liquidated before and could happen again.


Criticisms

Others perceive this giant fund as excessive, and even as perverse incentive for BitMEX to trade against their own customers – allegations which the exchange denied.


Independent crypto researcher Hasu has in no uncertain terms called the fund “larger than it needs to be” and speculated that BitMEX may use the fund as a “second additional income stream other than commissions.” By way of evidence, he observed that money goes missing from the fund periodically.


While taking issue with the fund’s size, Hasu ultimately considers it a secondary concern. His “main concern” is with the status of the fund’s ownership; namely, the insurance fund is squarely controlled by BitMEX rather than “an external insurer or industry consortium.”


CryptoGlobe reported last month on the possibility that US authorities could shut down the offshore exchange, due to failure of adequate measures in keeping North American users off its platform.

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Ripple-Based Remittance Firm Send-Friend received a huge investment from Ripple, MasterCard and Barclays.

On Feb. 11, according to a press release, Ripple (XRP), the MasterCard Foundation, MIT Media Lab and Barclays in a funding round, invested in Remittance company Send-Friend.


The firm raised $1.7 million from investors such as Tech stars, Mahindra Finance, 2020 Ventures and 8 Decimal Capital in the round, to enhance its remittance service, which allows users to send money to the Philippines using blockchain.


To Overcome the lengthy process of traditional banking systems, Send-Friend uses Ripple’s xRapid product for cross-border payments, converting between USD, XRP and Philippine pesos.


Send-Friend co-founder and CEO, David Lighton, announced ‘This investment will allow us to build out our team, focus on community engagement, and marketing efforts.’ Send-Friend will feature “fees that are 65% lower than the industry average.” as per the press release.


The total number of customers to go over 200 is just because of Send-Friend, which was among the 13 new financial institutions that recently joined Ripple’s payment network, RippleNet.


Cross-border payments and remittance services at scale continue to be a struggle for many Crypto firms, stated by Bill Barhydt, CEO of crypto wallet provider and payment startup Abra, last month.

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By Summer 2019 Moscow Gov’t to Launch Blockchain-Enabled IT Innovation Cluster.

On Feb. 11, Russian news agency TASS reported, by summer 2019, A blockchain-based city innovation cluster will be launched by The Moscow municipal government.


According to Alexey Fursin, Head of the Department of Business and Innovation of Moscow, This platform for the city’s IT innovation cluster will help participants to get effective partners and information about their products and equipment.


Platform’s entrants will be able to receive financial support through grants from the Moscow government, as per Alexey Fursin.


This platform is based on the state-supported city navigation hub dubbed Moscow, and is currently improving and it’s in final stages of development, According to the official.


Recently announced by the Russian Federal Service for Supervision in the Sphere of Education and Science, they will deploy blockchain technology in the country’s main graduation examination, the Unified State Exam (USE).


A blockchain-enabled platform for tracking natural diamonds was introduced by Russia’s Ministry of Education and Science last month, in order to guarantee the authenticity of diamond products across the supply chain.

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In Latest Research, BitMEX Safeguards Insurance War Chest

BitMEX describes its increasing insurance fund – currently worth over $75 million – as a “needed” reservoir for holding its unlimited upside model of leveraged trading, citing the “unique challenges” related to operating outside the institutional financial system and its safeguards.


CryptoCompare’s most recent exchange review states, the Seychelles-registered exchange hosts the vast majority of the world’s bitcoin perpetual derivatives/futures trading, consistently in the orbit of 90-95% – more than the US-regulated CBOE and CME markets altogether.


Unlimited Upside
BitMEX Research compare their operations to those of their institutional competitors, such as the CBOE and CME also they enumerate several layers of protection available to those institutions, BitMEX must cope to not have.


Emphasizing that solvency is especially important for institutional actors, whose market positions can be so large that failure to support trades could result in a risk to financial/social stability.


Hence BitMEX’s mechanic of reclaiming the entirety of a losing trader’s position after it reaches its margin limit, also know, as “liquidating,” which occurs in lieu of the equivalent “margin call.” BitMEX utilize liquidation to pay winning traders, adding to the insurance fund – if and only if market flow is “tighter than the maintenance margin.”


BitMEX make the case that this 21 thousand bitcoin fund is needed to cover gains owed to traders, pointing out that the fund has been entirely liquidated before and could happen again.


Criticisms
Others perceive this giant fund as excessive, and even as perverse incentive for BitMEX to trade against their own customers – allegations which the exchange denied.


Independent crypto researcher Hasu has in no uncertain terms called the fund “larger than it needs to be” and speculated that BitMEX may use the fund as a “second additional income stream other than commissions.” By way of evidence, he observed that money goes missing from the fund periodically.


While taking issue with the fund’s size, Hasu ultimately considers it a secondary concern. His “main concern” is with the status of the fund’s ownership; namely, the insurance fund is squarely controlled by BitMEX rather than “an external insurer or industry consortium.”


CryptoGlobe reported last month on the possibility that US authorities could shut down the offshore exchange, due to failure of adequate measures in keeping North American users off its platform.

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Testnet Decentralized Exchange launch date out by Binance CEO

Cryptocurrency exchange Binance, CEO Changpeng Zhao tweeted the date of release testnet version of its new decentralized exchange as Feb. 20.
Binance DEX, aims to provide a decentralized basis for Cryptocurrency holders to trade tokens, removing liability and security hurdles related to traditional, centralized platforms.


The testnet release will be public, with Zhao requesting feedback from users in the same tweet.


The date follows previous announcements with more details about Binance DEX, which will include support for Cryptocurrency hardware wallets. This feature will allow users to trade while retaining control of their private keys, says Zhao.


Promises of a testnet had circulated since December, with Binance since launching an over-the-counter desk for large volume traders and other expansion features.


At the time DEX was announced, Zhao added that he anticipated it running either in tandem with the original Binance platform or even replacing it altogether, depending on market reactions.
A company spokesperson confirmed in January, Binance is planning to expand into two new markets as in 2019.

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NEO is a Beneficial Blockchain for Smart Economy Vision

14th January 2019 – Open-source blockchain project NEO is promising an exciting mix of tech, business, and regulatory speakers at its 2019 DevCon event.


Hundreds are estimated to gather at the Hyatt Regency Hotel in Seattle between February 16th – 17th to listen to more than 40 speakers and sight more than 30 projects across 20 separate exhibits.


NEO will be hosting a one-day workshop that will introduce developers to the fundamentals of NEO blockchain development. With support for multiple programming languages such as C#, Python, and JavaScript, NEO aims to be the most developer friendly smart contract platform.


NEO founders Da Hongfei and Erik Zhang will open the event giving visitors insight into NEO’s promise of a Smart Economy and plans for platform growth over the next 12 months.


The rest of the opening day will focus on topics such as platform architecture, innovation, the regulatory landscape, and the transition to a Smart Economy.


Scheduled speakers include Miha Kralj, managing director of the world’s largest consulting company Accenture, who will speak about the big trends in blockchain, and Dr. Chris Berg of the Royal Melbourne Institute of Technology (RMIT), who will discuss crypto-economics and its part in the future of the global economy.


Joseph Williams, Governor Jay Inslee’s ICT industry sector lead & State of Washington ICT economic development director will give visitors an insight into how regulators view the development of blockchain.


Day two of NEO DevCon will shift gears and take a deep dive into technical blockchain topics such as consensus mechanisms and decentralized storage, as well as explore a range of decentralized application (dApp) use cases, patterns and practices.


Co-founders of the NEO Saint Petersburg Competency Center, Sergei Liubich and Anatoly Bogatryrev, will present research progress on their NEO based distributed decentralized storage platform.

 

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Fraudulent MetaMask Crypto Malware banned from Google Play

Decentralized app (DApp) MetaMask, faces new problems from Cryptocurrency scammers after malware impersonating the tool appeared on Google Play, Cyber security Company Eset reported Feb. 8.


In November, MetaMask confirmed its plans to launch a mobile app, which ended up being the target of the latest malware issue. MetaMask, which is one of the oldest Ethereum (ETH)-based DApps, has fallen victim to malicious schemes even before.


The malware, which replaces computer clipboard information in an attempt to steal Cryptocurrency, was banned by Google at the beginning of the month after a tip-off from Eset researchers.


Known as a ‘Clipper,’ the malware replaces copied Cryptocurrency wallet addresses with an address belonging to an attacker trapping people’s funds, sending it elsewhere without the user noticing.


The discovery marked the first time such malware had made it past Google’s vetting procedures, the security firm notes.


“The clipper we found lurking in the Google Play store, detected by ESET security solutions as Android/Clipper.C, impersonates a legitimate service called MetaMask,” Eset explained, continuing:
“The malware’s primary purpose is to steal the victim’s credentials and private keys to gain control over the victim’s Ethereum funds. However, it can also replace a Bitcoin or Ethereum wallet address copied to the clipboard with one belonging to the attacker.”


Last year in July, Google developers discarded the app from Google Play altogether, leaving only fake impersonations. A subsequent report from MetaMask revealed the action was unintentional.

 

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