Kraken To Start Brave Browser’s BAT Token Along with WAVES Coin Trading This Week

Kraken, one of the major cryptocurrency trading platforms in the United States, has announced on its official blog today that the Basic Attention Token (BAT) and Waves (WAVES) would be added to its platform.

Trading is set to be started at 13:30 UTC on August 22, at the same time that people will be able to buy and sell the two new assets. According to the company, it may take a few minutes before trading is properly started because deposits have to be credited before the assets are added to the client’s account.

A total of eight new trading pairs will be added. The two tokens will be traded against the U. S. dollar (USD), euro (EUR), Bitcoin (BTC) and Ethereum (ETH).

Kraken has also affirmed on the post that new assets are set to be listed soon, but they were not revealed by the company.

About the New Tokens

The Basic Attention Token (BAT) is an ETH-based cryptocurrency which was created by Brave, the company behind the Brave browser. It was created in order to reward users for taking time to watch ads. Right now, a BAT token is worth $0.18 USD, 0.5% up in the last 24 hours. Its total market cap is around $232 million USD.

Waves (WAVES) is a decentralized platform that enables the development of apps just like Ethereum does. Each WAVES token is worth $1.22 USD, 3.8% down in the last 24 hours. The market cap is around $121 million USD.

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Author: Gabriel Machado

Blockstream’s Samsom Mow: Bitcoin May Be Bad For Payments, But Lightning Network Can Fix It

Samson Mow, the CSO of Blockstream, has recently affirmed that the Lightning Network solves one of the major problems of the Bitcoin network on a recent interview.

According to him, the whole idea behind BTC is not really to be a currency to be used in everyday activities. The way he sees BTC, it is all about a great way to store value digitally. It is, therefore, a medium for the transfer of wealth, not really a currency. He believes that affirming this has made several people dislike him and affirm that he hates Bitcoin, but that’s far from the truth.

His view is only that BTC was created for that purpose, not to be money. Fortunately, he affirmed, the Lightning Network was created in order to give BTC a shot at becoming the kind of currency that can be used any day.

The LN is pretty fast and the fees are very low. It was created exactly with these payments in mind. One the network reaches mainstream adoption, it can change Bitcoin. No longer people would need to wait hours before transactions are complete.

He also affirmed that something that was interesting about Bitcoin was that the token had some kind of “virgin birth”. Unlike the altcoins that came later and copied its concepts, it was really decentralized and unable to be controlled by a single group. All the times that people tried, hard forks happened.

In related news, Mow has recently affirmed that Facebook’s Libra would be screwed if people decided to make the right choice and use BTC instead.

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Author: Bitcoin Exchange Guide News Team

Bitfinex’s ‘Sister Exchange’, Ethfinex, Rebrands Independently as DeversiFi

The crypto exchange space is set for another major rebrand following the move by Ethfinex Trustless that evolved to DeversiFi as of August 13, 2019. This will see the former sister to Bitfinex position itself as the sole high-speed decentralized coin exchange with high liquidity for crypto traders. Furthermore, traders using the new DeversiFi platform can be able to carry out trades whilst their digital currencies remain held in private wallets.

Ethfinex began its operations in Q3 of 2018 when it pioneered as a P2P platform for ERC20 based tokens. The decision to rebrand its outlook is pivotal in making the exchange competitive as it shifts to focus on settling for institutions as opposed to its previous retail clientele. Before its rebrand, Ethfinex had acquired a customer base of close to 10,000 with its footprint mainly in Europe.

According to Will Harbone, DeversiFi CEO, the change in strategy is not only a rebrand but a move to scale opportunities for growth. The CEO while speaking to The Block mentioned that among the selling points were lower fees and products regulated as per the current laws. However, the rebrand seemed to have coincided with the pressure on Bitfinex’s $850 million alleged fraud currently under investigation by New York’s AG office.

DeversiFi is set to set itself apart and compete with large exchanges by reducing execution time, narrower spreads and liquidity within its ecosystem. The Ethfinex user interface will also be altered to reflect its new brand in addition to the software features.

Nectar (NEC), the ERC20 token created for Ethfinex’s ecosystem is also undergoing an overhaul to make it well compatible with DiversiFi’s design. This is in line with the growth in needs, both regulatory and technological since it was launched back in 2017.

Harbone noted that next on the roadmap for DeversiFi would be acquiring approval within the European zone while mobilizing for development funds. The biggest challenge so far appears to be establishing DeversiFi as a sole brand given it heavily relied on Bitfinex during its early growth stages.

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Author: Lujan Odera

Russia’s S7 Airlines Ticketing Platform Processes Over $1 Million In Sales via Blockchain During July

Russia's S7 Airlines Ticketing Platform Processes Over $1 Million In Sales via Blockchain During July

The blockchain is here to bring us the future. S7 Airlines, a major aviation company that is a part of the Oneworld alliance, has recently revealed to the media that it was able to process $1 million USD in its new blockchain payment system during the month of July. This made July the best month of the platform so far.

S7 is the largest domestic airline company of Russia and it has been benefiting a lot from the new platform. S7 Airlines’ blockchain technology is powered by the Hyperledger Fabric platform, an open-source tech that is the basis of several blockchains at the moment.

Now, the goal is to deploy the first online agent of the company. This is set to be done sometime during 2019, according to Ekaterina Dmitruk, the group sales director.

The CEO of the company, Pavel Voronin, affirmed that the company was the first airline to execute the sale of a ticket using the blockchain last year and that the services got only better since then.

Since Its Start, The Platform Has Processed $4 Million In Payments

This new platform was officially launched back in January and each month is seeing more people using it. During these seven months, $4 million USD in transactions were processed using the system.

Part of the reason for the growth now is because of a partnership that was started with Alfa-Bank, a private bank from Russia. According to the executive director of the tech lab of S7 Airlines, Nikolai Mukhanov, not only the number of payments has been increased, but also how much of the process is automated today.

One of the main advantages of using the blockchain in this kind of operation is how much more efficient it gets. It considerably speeds up the process of handling the transactions, especially as no paperwork is required at all. This is very important for the B2B market as well, which is one of the most benefited by the decision.

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Author: Gabriel Machado

Media Blockchain Pilot Welcomes McDonald’s, Virgin Media, and Nestle for Advertising Purposes

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  • Jicwebs has a blockchain trial that is presently active, involving many major companies.
  • The goal of the pilot is to improve digital advertising.

Blockchain technology is being adapted to many different use cases, leading to the blockchain trial by the Joint Industry Committee for Web Standards.

There have already been multiple major companies to be added to this trial, and it looks like the Jicwebs has added a few more. According to an article by The Block, which referenced The Drum, the trial will now include McDonald’s, Nestlé, and Virgin Media.

The three companies will be involved with the pilot to show exactly the ways that they can use the fintech as a way to improve their digital advertising side with more transparency and trust. The pilot is planned to go through the rest of this year, though the first phase will primarily look at how blockchain technology can impact advertising. Going forward, the trial will also touch on the way to “optimize the supply chain and gain operational efficiencies for all involved” with the tech.

Kat Howcroft, the senior media and budget manager for McDonald’s, explained that the use of blockchain

“offers us the opportunity to see a truly transparent picture of our investment across the digital supply chain. We are also eager to understand the potential impact that this may have on our ROI and efficiency.”

Along with Nestlé, McDonald’s and Virgin Media, their respective media agencies will be involved as well, which include Zenith, OMD UK, and Manning Gottlieb OMD. Other participants will be announced as the trial continues and further supply chain mapping is completed, which will end up including publishers and tech vendors. Right now, the Fiducia blockchain platform in London is supporting the trial.

Nestle has already ventured into the blockchain industry, and it has been using the tech to provide information about the condition and origins of their food since 2017. Head of media communications, Steven Pollack, commented that the brand was “excited” to be involved with the pilot. He added,

“Blockchain is a new technology being tested in many diverse industries. It’s great to be one of the first brands to gain insight into its potential in programmatic.”

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Author: Krystle M

Stellar Lumens (XLM) Posts Double Digit Gains to Oust Cardano (ADA) for 11th in Coin Market Cap

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The cryptocurrency market at the turn of the new year has been experiencing a major boom, with new and established cryptocurrencies enjoying a massive boost in price and the value. Cryptocurrency like bitcoin and all other altcoins have been constantly enjoying a steady rise in price, and one crypto making headline this year is Stellar Lumen (XLM).

A Steady Rise

Stellar Lumen (XLM) has been enjoying a rather smooth run this year, with the coin experiencing more highs than lows in the cryptocurrency rating chart. The altcoin had been relatively quiet over the past few weeks, with minor gains, which is followed by major corrections in the market.

The coin currently pumping at an enormous rate of 9.71% in an hour, with a massive trade volume of well over $500 million in just over 24 hours.

The massive rate being experienced by the coin in 24 hours was recorded to be 10.20% and the market capitalization was hovering around $1.9 billion.

Stellar Lumens also enjoined a massive pull on BW.com, as it was the most traded on the exchange, where the trading pair of XLM/USDT pulled around $101 million in 24 hours trading volume, which was equivalent to around 20% of the market cap.

Consistently Falling

In the last 24 hours, XLM has consistently fallen in valuation, before recording the aforementioned figures in the market cap. The token was down to $0.086, before the hike took its valuation to $0.1001, as at press time.

Some analysts are of the opinion that the current pump currently experienced by XLM and other altcoins was surfacing due to the influence of bitcoin in the market, as BTC was witnessing a pump of 2.37% in an hour at the same time.

Although, some are of the opinion that XLM will soon undergo yet another price correction, after the current wave of prices.

The competition among the major and new tokens are always on the edge, as their founders and developers are always looking for ways to always outdo one another, in the ever-competitive market.

Bitcoin Exchange Guide reported earlier in the year that the leaders of both XLM and TRX collided, with McCaleb calling Tron, nothing but pure garbage, while Sun discarded the XLM founder, tagging him as an attention seeker and not worth the competition.

Jed McCaleb openly criticized Tron, telling newsmen that he has a particular distaste for projects that raise tons of money during their initial coin offering but can offer little or zero technical merit.

He stressed further by claiming that most of the available projects in the cryptocurrency market are garbage, and can only wish things will be different in the coming future.

Tron’s founder, Justin Sun also believes that the best way for small or little projects to come up is to attack established and great projects in the industry, stating that Stellar is not a competitor, considering its project low transaction volume, lack of decentralization and the massive lack of support for decentralized apps.

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Author: Ogwu Emma

Bitcoin Price of $100K is Within Reach in 2019, Likely to See $20,000 Within Next Two Weeks: Senior Analyst

Bitcoin Price of $100K is Within Reach in 2019, Likely to See $20,000 Within Next Two Weeks: Senior Analyst

For investors in major cryptocurrencies, this month has seen some of the most febrile activity and best performance from the likes of Ethereum and Bitcoin for a long time. Just where will this ongoing bullish trend take Bitcoin in the near future?

For Simon Peters – who works as an analyst for the online trading platform eToro – it could easily match and break past its all-time high valuation of $20,000 within as short a window as two weeks.

After this, he is very much of the opinion that it could hit $50,000 and even $100,000 by the end of this year. This is according to a claim made by Peters this week.

According to him, having seen that BTC managed to reach the current stellar performance at $11,800 this week, it is very possible that Bitcoin could reach and even break its peak figure of $20,000.

While he was hawkish on the prospects ahead of Bitcoin, he did provide caution regarding the fact that his predictions are based more on the current assumption that Bitcoin will be able to continue on this current trajectory.

While some investors and crypto enthusiasts remain hesitant at the prospects of this rally going forward; having seen past surges rise and deflate. But Peters is very much of the opinion that this ongoing rally is wholly different when looking at it side by side with previous surges in the market.

One of the examples he provides is the fact that it hasn’t been accompanied by previous increases in consumer-base investment, as was the case with the bullish year of 2017. We can attest to this on account of the side-ways trending of google searches for ‘Buy Bitcoin’ – which gives the indication that investment isn’t coming from grassroots consumers, but far more from over the counter investment as well as institutional investors that have pulled their capital out of Stablecoins and right into BTC.

Going even further, when questioned on whether or not the ongoing surge is sustainable, Peters gave the following statement.

“With the number of sell positions building in the market it’s possible we could see a correction very soon. Even if that was the case though, bitcoin continues to remain on track to close out the first half of the year on a highly positive note. We could see bitcoin reaching $50,000 or even $100,000 this year.”

Going on from this, Peters went on to highlight that the current gains that BTC was experiencing were at the expense of Altcoins; the latter of which serves most commonly as a hedge during times of bad performance from major coins. These same altcoins are currently being “pummeled” as they continue to languish at respective low points.

In stark contrast, Bitcoin has been demonstrating an inspiring parabolic advance, pushing it past $12,000 as of June 26th – the first time that it has managed to do so over the course of a year.

Going even further, the most recent data taken from CoinMarketCap has shown that Bitcoin has successfully managed to pass beyond the 60 percent range in market dominance for the first time in over two years – featuring a total market capitalization of more than $226 billion.

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

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Author: James Fox

Apple to Introduce New CryptoKit Tool for Blockchain Developers at WWDC Event

Apple-To-Introduce-New-Tool-for-Crypto-Developers

According to a recently released event program, tech major Apple is planning to bring out a new tool meant for crypto developers at this year’s edition of Worldwide Developers Conference. The program for 5th June 2019 includes a session titled “Cryptography and your Apps”, which will witness the unveiling of a new tool called the “CryptoKit”. It will soon be introduced as an update on iOS 13.

CryptoKit will primarily be meant for crypto developers, allowing them room to experiment with tools and add more robust security features to crypto apps under development.

To quote the event description provided in the program:

“System frameworks encrypt both data at rest and data in transit in a transparent way for you. This functionality is available by simply setting an attribute. However you may want to do more to protect your users’ data.”

To enable such expansive functionalities, developers can use the new Swift framework, CryptoKit. They can use it to perform cryptographic operations simply and securely, regardless of whether they need to do something simple like compute a single hash or wish to run a more sophisticated protocol.

The ongoing edition of the Worldwide Developers Conference comes in the wake of people’s increasing scrutiny of Apple’s crypto strategy and it seems that the giant is finally warming up to the pros of digital assets industry. Crypto insiders were particularly enthused about Apple’s inclusion of the Bitcoin (BTC) logo in its in-app San Francisco font earlier and the latest development comes as a welcome move from one of the frontrunners of the tech world. Last month, Apple also introduced the option to make crypto payments over Apple Pay last month, further cementing its newly acquired place in the crypto world.

[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: Bitcoin Exchange Guide News Team