Lolli To Add Lending Product And Maybe Even Issue Credit Cards

Lolli To Add Lending Product And Maybe Even Issue Credit Cards

A popular crypto e-commerce platform called Lolli is said to be creating a lending platform. The news was first reported by The Block Crypto, which interviewed the CEO of the company, Alex Adelman, during an episode of The Block’s The Scoop program.

The CEO of the company affirmed that lending was a very important industry and that it was important to understand Bitcoin, too. He affirmed that if the company doesn’t do it, other companies will, so it a matter of doing it first because there is definitely a market for this right now.

According to him, not only a lending platform is in the works, but the company also may be issuing its own credit cards in the future, too.

The idea is to be able to serve some needs which are currently not being met by most of the popular alternatives that people have in the market. However, before Lolli is able to start working with credit cards, there is still much work to be done first.

Lolli Will Have a New Mobile App

Lolli has also recently announced on its Twitter that it is rolling out a new mobile app in order to let its customers access its services from anywhere. The company has promised that the app will be focused on privacy and security, too, so the users can be protected when using it.

The first step for the launch of this app is to increase the number of clients that the company has. There are several initiatives being done to ensure that so that the launch will occur without issues.

In case you do not know Lolli, the platform allows the company’s users to get BTC rewards. By using the app, the users are said to be able to earn BTC on daily purchases for services such as coffee, food, etc.

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Author: Gabriel Machado

New Blockchain-Based Real Estate Business to Launch in Japan, Thanks to Sumitomo and bitFlyer

New Blockchain-Based Real Estate Business to Launch in Japan, Thanks to Sumitomo and bitFlyer
  • The real estate industry is starting to increase interest in the use of blockchain technology.
  • A new partnership between a Japanese business giant and a crypto exchange will make it possible to handle rental transactions from a smartphone.

Blockchain technology is one of the most innovative solutions to come from cryptocurrency, and the traditional banking industry has begun to examine the use of this ledger as well. However, the complications involved with the real estate industry has been working to minimize their complicated paper processes by introducing this immutable ledger technology.

The most recent change in this industry involves a collaboration between Sumitomo Corporation and bitFlyer, who will be working to launch a blockchain real estate business.

The bitFlyer Blockchain will be creating an umbrella platform that is focused on renting real estate, which will involve smart contracts. Yuzo Kano, the managing director of the bitFlyer Blockchain, stated that he hoped the project would allow anyone involved with a rental property to handle all of the data on a smartphone.

Speaking with CNET Japan, Kano stated, “It can greatly simplify the real estate rental contracts process, and the intermediary company can also reduce its significant administrative costs.”

According to the publication, while the full rollout of the project isn’t expected until 2020, the prototype should be ready before the end of 2019.

This announcement comes around the same time that the real estate industry begins to gain more attention with the use of blockchain technology. Malta, for example, recently stated that all of their real estate rentals would be logged on the blockchain, and the idea of tokenizing this industry is also gaining traction.

This development is also a major milestone for bitFlyer Blockchain, entering a new market with their exchange operation. This month, the company only just started accepting new accounts, following a year-long holdup over their compliance with regulations governing the exchange.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Krystle M

Newegg To Expand Bitcoin (BTC) Payments To More 73 Countries

Newegg To Expand Bitcoin (BTC) Payments To More 73 Countries

Newegg, an online electronics and software company, has recently decided to start out Bitcoin payments for several new countries. Now, 73 new nations are about to receive BTC payment services from the company.

The announcement happened this week and the company, which is based in the U. S., affirmed that its stores will start to receive BTC all over the world. At the moment, the company is present in 80 different countries but only some of them were able to receive this kind of payment so far.

Initially, Bitcoin payments were only accepted in the United States. This dates back to 2014 when Bitcoin was not so popular as it is today. Canada was the second country to receive this kind of payment. However, Canadian payments were halted back in 2017 and will be resumed now.

Unfortunately, not all countries are set to receive the BTC payments. Algeria, Indonesia, Egypt, Ecuador, Vietnam and Morocco will not be able to use the service due to local legislation and similar issues.

Anthony Chow, the company’s president of global sales, affirmed that the company was one of the first major stores to enter the Bitcoin world back in 2014, which is why they always tried to cater to this market. Some customers started to buy goods using this technology as soon as the service was properly started.

Now, the company is committed to expanding a lot more. The decision was made in order to bring innovation to the market and to cater to the needs of the company’s customers.

All payments will be made via a partnership with BitPay, according to Sonny Singh, the Chief Commercial Officer at the Bitcoin payment company. He affirmed that BitPay makes Bitcoin payments as easy as sending an email and the service can be used to open up several new opportunities for customers all over the world.

He also affirmed that, by not charging credit card fees, BitPay allows both sides to spend less money on transactions.

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Author: Gabriel Machado

Victims Were Cryptojacked A Total of 52.7 Million Times During the First Half of 2019

Victims Were Cryptojacked A Total of 52.7 Million Times During the First Half of 2019

Criminals specialized in cryptojacking are very active this year. During the first six months of the year, the criminals seem to have attacked 52.7 million times. The number comes from SonicWall, a research group.

According to SonicWall, the six months saw an increase of 9% in cryptojacking activity, which was already going up exponentially in previous semesters.

Cryptojacking, in case you are not familiar with the term, is when someone uses a malware in order to use the victim’s computing power to mine cryptocurrencies while undetected. While Monero (XMR) is the most commonly mined token, the truth is that Bitcoin and other non-privacy coins are also mined.

Another interesting piece of evidence is that there is a certain correlation between the prices of Bitcoin and cryptojacking activity. The activity declines a bit when the prices go down but it goes up again as the prices rise. While, as we affirmed, more Monero is mined than Bitcoin, BTC tends to push the prices of the whole market up.

However, it should be noted that the report itself does not completely buy the idea that activity is related to price. For instance, Bitcoin reached its highest price in a good time in June, but the month had the lowest cryptojacking volume at the time. Because of this, there is no clear answer yet to this question, although we are able to see some imperfect correlation.

Coinhive Was Shut Down But It Is Still A Risk

Another important point that was debated by the researchers was that Coinhive, a famous Monero crypto mining site which was shut down this year, may still represent a risk.

A lot of computers who were infected by Coinhive-based malware were not cleaned up since then. This may end up becoming an issue if someone decides to revive the site by buying the domain again and using these computers which are currently infected. Many cybercriminals invested in Coinhive-based malware, so they would profit a lot from its resurgence.

Criminals Could Make Money Off Facebook’s Libra

Not even Facebook’s new Libra token was ignored by the report. Fortunately, the tokens will be minted and not mined, so we will not see a lot of cryptojacking malware, however, the researchers are not completely sure that Libra will not be targeted.

As soon as it is launched, SonicWall believes that a lot of online scams will pop up. Most of them will probably be related to sending Libra to malicious actors.

There are many Libra scams right now and the token was not even launched yet, so it is natural to assume that we’ll see a lot more of them in the future.

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Author: Gabriel Machado

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 24

Independence-Day-Bitcoin-BTC-Surge-Coming-Research-Finds-Holidays-Trigger-FOMO-Resulting-in-an-Upswing
  • Nevertheless, the price of Bitcoin will further depreciate, if the bears test the $9,000 price level and break it.
  • The BTC price is trading at $9,637 as at the time of writing.

BTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $10,000, $10, 200 ¸ $10,400
  • Support levels: $9,000, $8,800, $8, 600

Yesterday, July 23, the price of Bitcoin was falling after the resistance at the 12-day EMA and the 26-day EMA. On the downside, if the bearish pressure continues, the price may reach a low of $9,000 or $9,400 price level. Nevertheless, the price of Bitcoin will further depreciate, if the bears test the $9,000 price level and break it.

Meanwhile, the crypto’s price is below the EMAs which indicates that price is likely to fall. From the chart, the 12-day EMA and the 26-day EMA are horizontally flat like a single line. This indicates that the BTC price will be in a range-bound move. The coin will fall either to the low of $9,000 or $ 9.400, then fluctuates below the EMAs  andthe $9,400 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping smoothly southward.

The crypto’s price is below the EMAs as the price falls to the previous low. The BTC price is trading at $9,637 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates is a sell signal.

Bitcoin’s price is $9,621.90 BTC/USD exchange rate today. The real-time BTC market cap of $171.62 Billion currently ranks #1 with a chart dominance at 64.06%, daily trading volume of $6.6 Billion and live coin value change of BTC -4.87 in the last 24 hours.

Today’s Latest Bitcoin Price Analysis, Chart Forecasts and Industry News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

Swiss Data Protection Watchdog Awaits Official Details On Facebook’s Libra Project

Swiss Data Protection Watchdog Awaits Official Details On Facebook’s Libra Project

The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it is still waiting to hear from Facebook regarding its supposed oversight of Libra, the social media giant’s proposed cryptocurrency.

The FDPIC said it is still waiting to hear back after it wrote a letter on July 17 asking for more details about the project, Reuters is reporting.

This comes after David Marcus, who oversees Facebook’s currency project, said at a U.S. Senate hearing earlier this month he expected the Swiss Federal Data Protection and Information Commissioner to be Libra’s privacy regulator. This is because the nonprofit Libra Association, which Facebook had set up to oversee the currency, is based in Geneva.

In a statement, the FDPIC said it sent a letter to the association on July 17 because it had not yet heard from the group about the project.

The FDPIC said soon after the Senate hearing that the lack of contact from the social media giant about Libra had prompted it to send the letter. In an official statement the agency stated:

“The FDPIC is currently waiting for the Libra Association to respond to [its] letter of 17 July 2019 and set out their official position.”

Among other things, the Swiss data privacy authority said it was expecting Libra to conduct an impact assessment of data protection risks associated with the cryptocurrency, evaluate risks and propose measures to minimize them. The watchog explained:

“The FDPIC stated in its letter that as it had not received any indication on what personal data may be processed, the Libra Association should inform it of the current status of the project so that the FDPIC could assess the extent to which its advisory competences and supervisory powers would apply.”

Evading Oversight?

Cointelegraph reports that the news about Facebook’s unresponsiveness comes amid continuing concerns on the choice to establish Libra in Geneva which was a major concern during Congressional hearing earlier this month.

During the hearing, Marcus insisted that the Libra Association was going to be headquartered in Switzerland “not to evade any responsibilities of oversight,” but because that’s where other international financial groups are headquartered, like the Bank for International Settlements, making Geneva a conducive business place.

Members of the congress were concerned that Switzerland has long been viewed as hub for criminals and shady corporations. In his defense, Marcus said the FDPIC would handle privacy concerns, and that the Swiss Financial Markets Supervisory Authority (FINMA) would regulate it financially. FINMA has previously indicated that it had been in contact with people from the Libra project.

Facebook’s cryptocurrency project has already been met with skepticism from policymakers around the world. US Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell both said they have “serious concerns” about Libra related to money laundering, financial stability and regulation. Many of the senators who questioned Marcus also brought up data privacy concerns tied to Libra.

The FDPIC is not alone in wanting to know more about Facebook’s plans for Libra and its potential risks. Numerous regulators worldwide and the finance chiefs of the G7 nations have called for further information to be released.

Should Libra provide more details to the public about the project to avoid the speculations? Let us know in the comments section.

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Author: Joseph Kibe

New Crypto Anonymity-Identity Wallet to be Launched by Civic and BitGo by Q4

New Crypto Anonymity-Identity Wallet to be Launched by Civic and BitGo by Q4

According to a recent press release, decentralized identity firm, Civic, and a blockchain security firm, BitGo, have announced plans to release a new wallet sometime in the last quarter of 2019.

The new “Civic Wallet” will make use of Multisignature Technology from BitGo and will also support cryptocurrency as well as identity data while ensuring compatibility with mobile gadgets.

The Civic Wallet

Developed in conjunction with Identity.com and Civic Pay, the wallet will only hold very little data from users which will be used strictly to fulfill Know Your Customer (KYC) requirements or for account recovery.

Using multisig security technology from BitGo, the wallet boasts of significant privacy and security levels as whatever information being held will only be used for the above, ensuring that BitGo has no access to it. This is to give consumers more control of their private data.

“Once they have a Civic Wallet, users are able to selectively share parts of their verified identity with third parties, for example, purchasing age-restricted products anonymously.”

The importance of this technology was also highlighted by BitGo Co-Founder and CEO, Mike Belshe. Belshe explains that it’s now easy for users to recover their accounts in the event that they lose the mobile device that holds the private key for the wallet.

The Civic Wallet has a backup protocol that can aid the user in the quick restoration of all their data and digital funds without losing anything. Belshe iterates that this was not very common before now.

At the moment, access to the Civic Wallet is somewhat controlled and can only be accessed when a person is referred by someone else in the consumer’s network or also through a pre-registration process.

The CEO and co-founder of Civic, Vinny Lingham, has said that the team is “building a new financial and identity ecosystem” also explaining that with efforts like this, more people have further seamless ways to enter the blockchain industry and with more access as well.

According to an unnamed member of the Civic team, the wallet will be launched with at least the minimum required features including support for “a handful of currencies familiar to the digital community”. Expectedly, it will also allow users to do handle crypto as usual, supporting sending, receiving and storage.

Furthermore, the team expects that the wallet will be reasonably appealing even for people who aren’t exactly versed in the crypto world. This will be ensured through its ease of use and also the fact that there will be some interesting features just like people have with their traditional financial institutions. Some of these features include account recovery – as earlier stated – and also others like privacy controls and specific daily transaction limits. This is expected to also work as a security measure in the case of a breach or outright theft.

All identities will also be verified using blockchain technology. This will be done using a feature from Identity.com, a startup which is now a part of Civic after it was acquired in July 2018 from former owners, Inflection.

Non-Crypto Blockchain Wallets

The possibility of deploying blockchain wallets for other uses has been highlighted in the auto industry by Daimler AG.

The German multinational corporation based in Stuttgart, Baden-Württemberg, has entered an official partnership with Riddle & Code – a European provider for blockchain interface solutions – for the creation of a car hardware wallet.

These blockchain car wallets will be used for many scenarios in the auto industry including sharing of secure traffic data, care-sharing, self-driving vehicles, e.t.c.

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Author: Tolu

CRYPTO.COM CHAIN Price Prediction Today: Daily (CRO) Value Forecast – July 23

  • CRO/USD market has embarked on an increase in moving mote.
  • There could be choppy price movements soon if price fails to move further past B0.000008 mark.

CRO/BTC Medium-term Trend: Bullish

  • Supply levels: B0.00001, B0.000011, B0.000012
  • Demand levels: B0.000004, B0.000003, B0.000002

Before the emergence of the present upsurge in the market valuation of CRO/USD, the pair had once been in a ranging trend until about few hours into the July 22 trading session. Just about the third formation of 4-hour candlestick on the same last trading day that the crypto-market started on an increasing move to the north along with the trend-line of the Bollinger Upper Band.

The 50-day SMA indicator and the Bollinger Middle Band are around B0.000006 point. The Stochastic Oscillators have moved into the overbought zone.

it has indicated that the crypto-market is in its overbought condition. And, it’s most likely that a line of choppy price movements may feature soon if price cannot move further past B0.000008 mark.

CRO/USD Short-term Trend: Bullish

There has been an increase in the CRO/USD short-term market’s trend today as at the time of writing. The crypto’s value has once in the increase process averaged a high value of B0.000008 mark. The market’s trend yesterday also saw a bullish move. The Bollinger Bands are above the 50-day SMA indicator as they all still point to the north direction. The Stochastic Oscillators have briefly moved across range 50 from the top.

There is every tendency that this crypto will be struggling to push northwards from around B0.000007 and B0.0000065 levels.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – July 23

Litecoin-Foundation-Ready-to-Educate-Millions-about-LTC-with-Two-New-Partnerships
  • On the downside, if the bearish trend continues, the market will fall to the previous low of $80 price level.
  • On the upside, if the price breaks the EMAs, the crypto’s price will rise and retest the $140 overhead resistance level.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $100, $110, $120
  • Support levels: $80, $70, $80

Yesterday, July 22, the price of Litecoin was in a range bound move below the 12-day EMA and the 26-day EMA. In other words, the bulls fail to break above the $100 price level as the price fell to the low of $90 . On the downside, if the bearish trend continues, the market will fall to the previous low of $80 price level.

On the other hand, if the LTC price holds above the $90 price level, the crypto’s price will retest the EMAs to break it. On the upside, if the price breaks the EMAs, the crypto’s price will rise and retest the $140 overhead resistance level. However, the bulls are likely to face resistance at the $120 price level. Nevertheless, if the bulls failed to break above the EMAs, the crypto will continue to range below the EMAs. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southwardly. From the chart, the bulls failed to break the $104 price level and the market fell to the low of $90 price level. The $90 support level is holding as the bulls make an upward move above the EMAs. The MACD line and the signal line are below the zero line which indicates a sell signal.

Litecoin’s price is $93.08 LTC/USD exchange rate today. The real-time LTC market cap of $5.84 Billion currently ranks #4 with , daily trading volume of $680.61 Million and live coin value change of LTC -2.20 in the last 24 hours.

Latest Litecoin Price Analysis, Chart Forecasts and Blockchain News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

Malta’s Financial Regulator Warns The Public Against Emirate Coin Tech, a Suspected Ponzi Scheme

Maltas-Financial-Regulator-Warns-The-Public-Against-Emirate-Coin-Tech

The Malta Financial Services Authority (MFSA) has warned the public a possible Ponzi like a crypto-based company which has been duping the public that it is registered to operate in Malta.

In a press statement released on July 23, the financial watchdog said that Emirate Coin Tech is not a Maltese registered company nor licensed or otherwise authorized by the MFSA to provide any investment, cryptocurrency or other financial services which are required to be licensed or otherwise authorized under Maltese law.

In addition, the financial regulator indicated that confidential information it holds suggests that Emirate Coin Tech is likely to be a scheme of dubious nature with a high risk of loss of money. The regulator urged the public to, therefore, to refrain from undertaking any business or transactions with the entity.

The statement said:

The MFSA wishes to alert the public, in Malta and abroad, that Emirate Coin Tech is NOT a Maltese registered Company NOR licenced or otherwise authorised by the MFSA to provide any investment, crypto currency or other financial services which are required to be licenced or otherwise authorised under Maltese law.”

The entity purports to be an MFSA licensed investment and crypto exchange institution with a physical presence at 1000 Mahler Building (floor 4), Gustav Mahlerlaan 1025, 1082, Amsterdam, The Netherlands.

In addition, the company claims to be a fast-growing investment and brokerage company, founded in 2013, to transform the way people invest. The company also states that it focuses on trading and mining cryptocurrencies on contract for investors, and ensuring the highest possible return on investment within the manageable risk. The company also states that it provides various crypto-based investment alternatives that can earn you weekly returns of up to 25% of your investment.

The MFSA also reminded the consumers of financial services not to get into any financial services transaction unless they have established that the entity with whom the transaction is being made is approved to offer such services by the regulator or another reputable financial services regulator in the world. Investors are also urged to be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media. The regulator urged the public to visit its official website for a list of the entities licensed to offer various financial services in the country.

A Blockchain and Crypto Hub

For years, Malta has earned its name as one of the world’s blockchain and crypto-based businesses hub. The country has a relaxed regulatory regime that encourages blockchain innovations as per the Blockchain Island concept.

Some of the blockchain and crypto industry’s renowned companies have opened bases in the European country which comprises the crypto exchange giant Binance.

In the recent past, the financial regulator has enhanced its surveillance of the domestic market. Cointelegraph reports that in March this year, the regulator appointed a blockchain-based company to monitor crypto participants were complying with the set rules and guidelines.

Is Malta’s financial regulator setting the pace in exposing fraudulent entities in the market? Let us know in the comments section.

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Author: Joseph Kibe