Crypto Wallet BRD Expands Core Business, Launches Enterprise Blockchain Service ‘Blockset’

BRD, a Mobile crypto wallet services provider backed by Ripple as well as SBI Holding, has announced it is expanding to the enterprise sector and has launched Blockset blockchain that will enable developers to easily develop apps for enterprises.

In a press release, the firm explained that the new blockchain will be a data integration platform that comes with different tools that will enable coders to develop quality enterprise blockchain applications. The new product will target the banking and financial services providers and big crypto-based firms. According to the announcement, Blockset will offer tools that are ready to use that will reduce the costs of development for coders.

One of the major benefits of Blockset is that nodes can easily be hosted ‘out of the box’. This will help in the reduction of the hosting costs as well as development costs that are used by blockchains offering major chain support.

More than 20 financial institutions are already testing Blockset blockchain in what the firm termed as a private pre-release program. The program has notable names such as SBI Holdings, Ripple as well as KPMG. BRD plans to bring on board crucial channel partners as well as global system integrators in order to fast-track the adoption of the blockchain in the coming months.

BRD also stated that Blockset will be available globally starting from Jan. 17, and will focus more on the financial sector and other blockchain-based enterprises like exchanges. According to the company,

“Blockset … will fundamentally realign BRD’s business model for the high growth demands of the financial services and banking industry worldwide.”

Currently, Blockset top cryptos like Bitcoin, Ethereum, XRP, Bitcoin Cash and Hedera. Plans are underway to add more cryptocurrencies before the end of the year.

According to the firm’s CEO and co-founder, Adam Traidman, about 90 percent of the largest banks in the world are exploring crypto and it is thus clear that the demand for enterprise blockchain services is on the rise. He added,

“That is why we developed our own proprietary platform (Blockset) which banks, financial services, and large crypto companies will now be able to leverage to accelerate their time to market and deliver enterprise solutions to scale on a global basis for a fraction of the development costs.”

Update To Original Article: Headline change while adding in more information from BRD.

The BRD team reached out to us to clarify on our original headline that this is not a ‘pivot’ from their core business, just an expansion into new areas.

The BRD consumer wallet business just had its best year ever (new users) and they also had a record number of new user growth in Q4. Most importantly, they will continue to invest and hire for our consumer wallet business. It’s more expansion into a new market for BRD; the enterprise data integration space for blockchain.

In spite of what appears to be a ‘glass ceiling’ on consumer crypto growth the past 18 months, the BRD mobile apps have grown tremendously. We just wrapped up a record quarter (Q4 2019) and a record year (2019) for new user growth. We closed 2019 by crossing over the 3M users mark worldwide (73% growth to our total installed based Y-o-Y). We remain humbled by the fact that over $6 billion USD worth of crypto assets under our protection, that kind of faith in our brand is the singular inspiration behind all our endeavors.

What’s been driving the 2019 growth are the sizable enhancements we’ve made to our Android app that’s allowed us to have a much stronger presence in emerging markets in Asia and South America.

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Author: Joseph Kibe

MediaLab Buys Kik Messaging App, Shares Plans to Expand KIN Project

The messaging app Kik was sold to MediaLab this week. Now, the holding company, which also operates another product called Whisper, is set to manage Kik as well. This happened because Kik Interactive, the company behind the messaging app, decided to shut down last month.

Kik’s CEO Ted Livingston announced just last week that the company would be sold and the sale was made soon after that. According to him, MediaLab believes that Kik is still to see its “best days” and it is willing to bet on this. Now that the product was acquired, Kik will change in several aspects. One of them is the integration of ads to acquire more revenue.

Crypto Ecosystem To Continue

Kik Interactive is currently in a legal battle with the U. S. Securities and Exchange Commission (SEC), which accuses it of violating the securities law with its Initial Coin Offering (ICO). The whole fight, which has been expensive for the company, is one of the reasons why Kik had to shut down.

This does not mean that the crypto plans of the company are dead, though. The Kin ecosystem will continue to exist if it depends on Livingston. He affirmed that he would continue to build on the ecosystem and that the messaging app would also continue its plans to provide crypto transactions.

MediaLab’s goal is to improve the app by reducing the number of bugs and glitches and collecting feedback from users in order to discover the features that could be interesting. This way, the service would continue to be useful and to offer what its clients need the most. They added;

“We are fans of Kin and believe in its long term potential. We are excited to further partner with Ted and his team on expanding the Kin integration and have plans to further support the project. We’ll have more to share on that front soon.”

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Author: Hank Klinger

“Super Bullish” Bitcoin Chart Skyrocketing Since 2018

  • Bitcoin addresses holding more than 1000 BTC surging like crazy
  • Bitcoin network stronger than ever

2018 was the year of brutal winter where Bitcoin price lost 84% of its value. Towards the end of the year, the leading cryptocurrency bottomed at $3,200.

However, Bitcoin investors saw this as an opportunity to buy the dip and accumulate more of the BTC as evident from the bitcoin addresses holding more than 1000 BTC chart.

In Q4 of 2018, Bitcoin addresses holding over 1000 BTC went from just above 1500 to about 1850. These addresses are now close to reaching 2100.

The number of addresses with >1000 BTC are moving in opposite direction of the price. As price surges, Bitcoin accumulation slows down while a drop in price drives people to start buying the flagship cryptocurrency.

This growth, analyst Willy Woo notes now matches the “early growth in Bitcoin’s network.”

This, he further points out is extremely bullish and imperative for BTC environment because unlike the early years of Bitcoin when mining 50 BTC was “easy as pie” and included some investment in hardware and electricity by people who were “just for fun trying out the software,” in 2019, 1000 Bitcoin “means an investment of ~$10m.”

But it’s not just these addresses that are seeing a spike, Bitcoin millionaires are also shooting up.

Source: Bitinfocharts

On June 1st, the cumulative sum in dormant Bitcoin addresses was $17.5 million.

“The number of ultra high net worth individuals (i.e. $50m+) in the world stands at around 150k. It strikes me that this population is probably in the same order of magnitude of people who had the interest and know how to mine BTC pre-2013, producing similar growth patterns,” said Woo.

This Woo said in his opinion is a “new renaissance” of Bitcoin that is powered by the capital influx of high new investors. According to him, this is “super bullish” because this has changed from the tech-savvy investors, the earlier ones in the game, who were bootstrapping the network.

There are currently 12,000 Bitcoin millionaires, notes Woo while 36 million millionaires on the planet, which means “it’s still early days if you believe BTC will be the new currency.”

Another bullish chart is that of the Bitcoin hash rate. It has also been going up since late 2018, hitting 110.19 Th/s on Oct. 11.

Last month, Bitcoin hash rate flash crashed that got the Bitcoin detractors started again. But that has been temporary as we are back to making new highs.

Latest Bitcoin Price News and Crypto Market Updates

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Author: AnTy

Verge Price Prediction Today: Daily (XVG) Value Forecast – July 10

  • On the upside, if the lower price range is holding, the bulls will make an upward move to break the EMAs and reach the upper price range.
  • The market is range bound between the levels of $0.00800 and $0.0100.

XVG/USD Medium-term Trend: Ranging

Resistance Levels: $0.0082, $0.0084, $0.0086
Support levels: $0.00780, $0.00760, $0.00860

Yesterday, July 9, the price of the Verge is trading below the 12-day EMA and the 26-day EMA. The crypto’s price is below the EMAs which indicates that price is likely to fall. If price continues its fall, it may reach the previous low of $0.00600 price level. Meanwhile, the market is range bound between the levels of $0.00800 and $0.0100.

The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is still in a sideways trend. Also, the small body candlesticks like the Doji and Spinning tops describe the indecision between the buyers and the sellers about the current market price. Their indecision results in poor price movement.

At the same time, the XVG price is below EMAs which indicates that price is likely to fall. On the upside, if the lower price range is holding, the bulls will make an upward move to break the EMAs and reach the upper price range. Meanwhile, the price of the verge has reached the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.

XVG/USD Short-term Trend: Bearish

On the 1-hour chart, the XVG price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping southward. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA indicating that price may continue its fall. The MACD line and signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of 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