Monerium Partners With Algorand To Put Its Regulated E-Money On The Blockchain

Monerium which is regulated to offer e-money in the European Economic Area (EEA), is teaming up with Algorand in a non-exclusive partnership deal to introduce fiat money transactions within the Algorand blockchain platform, CoinDesk reports.

The deal which was announced on Tuesday, will see the Iceland-based Monerium issue programmable e-money on Algorand protocol. According to Algorand’s COO, Sean Ford, the two firms will work together on real-world cases which can be solved through advanced blockchain technology utilizing the programmable e-money from Monerium.

Monerium, backed by ConsenSys, enables customers to come up with blockchain-based financial solutions like cross-border payment settlements utilizing various fiat currencies like the US dollar, euro as well as British pound. Monerium holds the customer’s deposits in the form of the fiat money and releases it in virtual form which can easily be used on a blockchain platform.

The firm believes that digital fiat money can help in cost savings through elimination of intermediaries as well as allowing complex payment forms.

Monerium was started in 2016 and got additional media attention after ConsenSys announced investment of $2 million during the seed round last year. In June last year, the firm was awarded an e-money licence by Icelandic Financial Supervisory Authority which grants it authority to offer its services in EU zone including Liechtenstein and Norway.

Algorand was started in 2017 and was created by award winning cryptographer Silvio Micali and has lately drew considerable interest from investors in the industry. It was able to raise slightly over $60 million worth of token sales in about four hours last year. The release of Algorand 2.0 in November last year brought new features like smart contracts support as well as decentralized finance (DeFi) aspects.

According to Monerium CEO, Sveinn Valfells,

“Algorand incorporates key features for many mainstream use-cases, including stateless smart contracts and scaleable proof-of-stake consensus. The Algorand leadership has taken a pragmatic and deliberate approach in designing a blockchain for mainstream applications while staying close to the ethos of the open source community.”

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Author: Joseph Kibe

Meltem Demirors and Jill Carlson Pose Tough Questions at SF Blockchain Week

Questioning the assumed role of bitcoin – that’s one area few would want to explore, especially in a room filled with blockchain enthusiasts.

This is exactly what Meltem Demirors and Jill Carlson did at the San Francisco Blockchain Week as featured attendees of the event.

Meltem Demirors, the Chief Strategy Officer at CoinShares Capital and Jill Carlson, the Founder of Open Money Initiative have become household names in the blockchain circle because of their insightful podcast, What Grinds My Gears – a podcast about the bizarre and buzzworthy happenings in the world of cryptocurrency.

At the main stage of the event, the two women discussed whether bitcoin, rather than providing an alternative to the traditional financial system, as it was touted to do, is in fact heading in the same direction.

The two pointed out that bitcoin was originally created after the failure of the banking system in October 2008. The whole purpose was to decentralize currency and eliminate the middleman. However, when someone else holds a person’s bitcoins, that person fulfils part of the primary function of a bank. And this behaviour seems to conflict with the original ethos on which bitcoin was built.

Carlson said, “Most people in crypto are totally comfortable putting their assets in what are basically banks.” Expressing her disappointment, Carlson added, “I got into this space because I was excited that we could build this whole alternative to the existing financial ecosystem. In reality, what we’ve created resembles the old system, only with fewer risk metrics and models, with fewer controls around it.”

Further delving into whether bitcoins uphold the lure of transparency, Carlson expressed her disillusionment. “Don’t tell me that just because something is happening on-chain makes it transparent to the average retail trader, consumer, etc,” she said. “The average person does not have the ability to go in and conduct the chainalysis that’s necessary to understand what’s going on in the system any more than they could understand JP Morgan’s balance sheet.”

The two also mentioned that just like a big Wall Street institution, some crypto platform and exchanges have become too big to fail. At the end of their talk, Carlson said, “To me, a lot of this conversation, though, is a more existential question of just, ‘Do people actually want to be their own banks and in what context do they?’”

The questions the two women raised do indeed raise a valid point many have begun to digress from.

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Author: Sakshi Jain

G20 Leaders: Stablecoins Could Be Beneficial But Libra May Pose A Serious Risk To Public Policy

The recently concluded G20 Finance meeting highlighted regulation of stablecoins as an area that needs to be addressed soon. This follows the rise in popularity of digital assets with Facebook’s Libra being the most discussed.

Finance Representatives from G20 states were in agreement of the risks posed by the creation of digital coins. They noted that digital currencies are very likely to cause a disruption in the financial system, especially in Monetary policy functions.

Furthermore, other areas like Financial Crime are a good fit for digital money which leaves the question of how regulators can curb practices like illicit financing and money laundering if they give the green light.

According to Japan’s Central Bank Governor, Haruhiko Kuroda, the G20 is set to start discussions on how to effectively regulate digital assets. The decisions will mostly be reliant on the Financial Action Task Force and Financial Stability Board proposals that will be presented based on research. These two standard-setting bodies are expected to deliver in the course of 2020 which leaves Libra’s fate unknown till then.

Monetary Effects of Stablecoins

The G20 has involved the IMF to conduct research on implications that stablecoins might have on the current financial systems. A few emerging countries have expressed their concerns on the uncertainty of new assets that could take over transactions.

Besides being a challenge on developing economies, stablecoins also pose a threat to the most developed economies as well. Therefore, the U.S senate and Bank of Japan are among the stakeholders looking for solid solutions in regulation.

Recent developments especially the negative reactions from authorities have seen Libra lose major partners like PayPal and Mastercard. Bank of Japan’s Governor was keen to not that G20’s discussions did not touch on the issuance of digital currencies by Central Banks as well.

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Author: Lujan Odera

ZCASH Price Prediction: Long-term (ZEC) Value Forecast – July 28

Zcash Says Goodbye to Its Name, Rebrands as 'Electric Coin Company'
  • The journey to the south may be sustained in the long-term outlook.
  • $56.77 in the demand area is the bears’ targets in days ahead.

ZEC/USD Long-term Trend: Bearish

Supply zone: $120.00, $140.00, $160. 00
Demand zone: $50.00, $40.00, $30.00

The cryptocurrency long-term outlook remains in a downtrend. The bears attained their dominance in last week session with a low at $66.31 in the demand area on 27th July.
The trendline is a strong resistance with a bounce to the downside each time price touches it. The touch came during yesterday session as ZECUSD rose to $75.22 in the supply area.

$56.77 in the demand area remains a target as the momentum increased down south. This was a market correction of the bears’ impulsive move.

The new week is starting on a bearish note at $69.03 with a drop at $66.77 below the two EMAs. It suggests a strong bears pressure on the cryptocurrency in the days ahead coupled with the signal of the stochastic oscillator pointing down at 20%.

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

IOTA Price Prediction: Long-term (MIOTA) Value Forecast – July 28

Iota-Foundation-partners-with-City-of-Austin-to-better-the-transportation-systems-in-the-city

The bears sustained momentum in the long-term outlook.
$0.02500 in the demand area is on the card.

IOTA/USD Long-term Trend -Bearish

Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600

IOTA long-term outlook continues in a down-trending market. With a low of the week at to $0.2768 in the demand area within the 23.6 fib area, the bears are set for a long journey down south in the new trading week.

The week opened on a bearish note at $0.2869 and price already down to $0.2753, the journey down south in the long-term may be confirmed.

Price is below the two EMAs and the stochastic oscillator signal points down at 36%. These suggest a downward momentum in price. Increased bearish momentum may result in new candles opened and closed below the two EMAs.

$0.2510 in the demand area may be retested as the bears’ pressure becomes stronger in days ahead.

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

MONERO Price Prediction: Long-term (XMR) Value Forecast – July 28

Monero-Fixes-All-Vulnerabilities-Found-During-Second-Audit-Of-Bulletproof-Protocol

• The long-term outlook is in the downtrend.

  • $72.00 in the demand area is the bears’ target in the new week.

XMR/USD Long-term Trend: Bearish

Supply zone: $140.00, $180.00, $220.00
Demand zone: $40.00, $20.00, $10.00

XMR remains in a bearish trend in its long-term outlook. The bears held on to the market during last week session with a drop to $78.43 in the demand area on 24th July. This is within the 23.6b fib area a trend continuation zone.

The resistance at the 10-EMA rejected further upward price movement at $83.71 in the supply area.

$83.71 in the demand area was the low of the week as the bears’ momentum increased.
Exhaustion denoted by wicks in the candles is seen in yesterday and today’s candles with today’s opening price at $83.71. The sustained pressure by bears has the coin down to $78.14 in the demand area.

Price is below the two EMA and the stochastic oscillator signal points down at 34% which suggest downward continuation in price in the long-term.

$72.00 in the demand area is on the card for a retest as the journey down south continues in the new week.

The views and opinion as 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

BINANCE COIN Price Prediction: Long-term (BNB) Value Forecast – July 28

Bitcoin-Dominance-to-Last-in-2019-Says-Binance-Survey

• The coin long-term outlook is a bearish trend.
• $24.00 in the demand area is on the card.

BNB/USD Long-term Trend: Bearish

Supply zone: $60.00, $80.00, 100.00
Demand zone: $10.00, $8.00, $6.00

BNBUSD is in a downtrend in the long-term outlook. The bears’ strong pressure on the coin led to the breakdown at the lower demand area of the range at $28.00 on twice on 24th and 27th July.

The bulls had a brief push back up at $30.13 on these two days. The week ended with the cryptocurrency dropping to $26.69 in the demand area.

The new week began opened at $27.69 with a brief retest at the broken demand area as price rose to $27.97. These confirmed the correction and resumption of the bearish momentum in the long-term.

Price is below the two EMA crossover and the signal of the stochastic oscillator points down at 48%. This suggests downward momentum in price in the new week with target initially at $24.00 in the demand area.

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

Ex-Founder of Disney’s Playdom Shares Plans for “Next-Generation” Blockchain Network, ThunderCore

Ex-Founder-of-Disneys-Playdom-Reveals-Plans-for-his-Next-Generation-Blockchain-Network

A common area of interest within the crypto and blockchain sphere is to understand in what ways the latter can be enhanced to support an array of industries. A recent interview with the former Founder of Disney’s Playdom, Chris Wang and news outlet, Forbes focused on this very important.

Wang shares his goals for what has been deemed the “next-generation” blockchain network, ThunderCore, along with his viewpoints on the advantages of decentralized applications (DApps) and the integration of the Ethereum network.

Blockchain: A Rough Start Turned into Increased Availability

Wang shared that his initial experiences with blockchain technology wasn’t all that smooth from the get-go. Said experiences was what led him to build a high-performance blockchain that way everyone has access to it. He also shared that his experiences at Playdom contributed to the overall endeavor involving ThunderCore. In particular, he said:

“At Playdom, we built many of the early games on Facebook [..] Those lessons are important when working in another emerging technological field, and we plan to use that knowledge […] to reproduce similar results on the blockchain.”

Transparency is the Key Advantage of DApps

When asked what the advantages of decentralized apps (DApps) were in his opinion, he shared that transparency was number one. This, to him, leads to a number of positive effects, which he shares as being the following:

“You can verify that game developers are not cheating through reviewing the smart contract code […] In the context of gaming […] any probability such as random loot drops in a game are open for everyone to see.”

With this being said, he trusts that said transitioning cannot be attained in the short-term, as blockchain adoption is still a concern that requires addressing. Nonetheless, he trusts that in the long run,

“both dapps and conventional apps can co-exist.”

Choosing Ethereum Rests in the Lack of Need for Something New

The CEO revealed that ThunderCore will support Ethereum’s Virtual Machine (EVM), with the aim of ensuring that developers have the opportunity to make complete use of existing Ethereum tools for DApp purposes.

The overall reason for having chosen Ethereum rests in the CEO and team’s,

“respect for the existing Ethereum ecosystem and our desire not to reinvent the wheel.”

DApps That Struggled to Lift Off to Benefit Immensely from ThunderCore

As for the types of DApps that can benefit from ThunderCore, Wang is hopeful that those that

“initially struggled to gain user adoption drawing from performance issues on networks like Ethereum can benefit from building on ThunderCore.”

He shared examples of DApps benefiting from a high-performance blockchain including that of DeFi accelerating (i.e. settlement purposes), and gaming (i.e. make blockchain games comparable to conventional games).

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Author: Nirmala Velupillai

ZCASH Price Prediction: Long-term (ZEC) Value Forecast – July 21

New-Ycash-Fork-Happens-a-Friendly-Zcash-Blockchain-Hard-Fork-to-Enhance-Mining-Benefits

The journey down south continues in the long-term.
$56.77 in the demand area is the bears’ next target.

ZEC/USD Long-term Trend -Bearish

Supply zone: $100.00, $120.00, $140. 00
Demand zone: $50.00, $40.00, $30.00

The cryptocurrency long-term outlook remains in a downtrend. $70.00 in the demand area predicted as the bears’ initial target in last week article was hit on 15th July. The close of the day as a bearish spinning preclude a continuation the next day as the bears drop the ZECUSD further down to $63.41.

This was the low of the week as the bulls stage a comeback pushing price back up to $86.54 in the supply area. This was a market correction of the bears’ impulsive move.

The 10-EMAs is seen acting as strong resistance against upward price movement a with the candle closing with wicks around the area with the week closing as inverted hammer an indication of a trend reversal.

The new week is starting on a bearish note at $77.75 with a drop at $73,30 below the two EMAs. It suggests a strong bears pressure on the cryptocurrency in the days ahead coupled with the signal of the stochastic oscillator pointing down at 23%.

$56.77 in the demand area is the bears’ next target as it journey down south resumes.

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

ANGUR Price Prediction Today: Daily (REP) Value Forecast – July 16

Augur (REP) Prediction Market Sees $900,000 in Total Bets For Democrats to Win Midterm Elections
  • The short and medium-term outlook is in the downtrend.
  • $10.00 in the demand area is a key demand area as the bears’ eye a retest.

Supply zone: $20.00, $22.00, $24.00
Demand zone: $10.00, $9.8.0, $9.60

ANGUR continues in a bearish trend in the medium-term outlook. The bears resume the downtrend at $15.75 in the supply area after the formation of an inverted pinbar. The cryptocurrency fell to $12.33 as the low of yesterday session.

Today’s market opened on a bearish note at $12.78 and closed as a bearish pinbar suggesting downtrend continuation as the bears’ journey down south.

$10.27 in the demand area was already attained today with a large bearish candle as the bears continued dominance. The journey down south may continue as signaled d by the signal of the stochastic oscillator pointing down at 13% in the oversold region.

$9.00 in the demand area is the bears’ initial target as momentum becomes stronger in the medium-term with more candles opened and closed below the two EMAs.

REP/USD Short-term Trend: Bearish

The lower price range of the range at $14.00 in the supply area was broken on 14th July and the cryptocurrency dropped to $12.26 in the demand area before the close of yesterday session. The bears maintained control in the market with today’s opening price at $13.04.

$11.05 was the initial price as bears journey down south. Increased bearish momentum further pushed price down to $10.40 in the demand area.

$10.00 in the demand area is on the card as the bears resume after the bullish exhaustion.

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