Gnosis Safe Joins the List of NFT Supported Wallets On Apple’s AppStore Blacklist

Gnosis Safe Joins the List of NFT Supported Wallets On Apple’s AppStore Blacklist

Apple Inc. has continued to keep tight reins on its platform. This has seen it bar several crypto wallets from hosting non-fungible tokens (NFTs) not purchased using Apple’s in-app purchase system.

New Update Flagged As ‘Inappropriate’

Apple is launching a series of world-class smartphones, but users may find it hard to access their favorite digital collectibles. This follows a report by the head of product development at Gnosis Safe, Lukas Schor.

In a lengthy Twitter thread, Schor alleged that the iPhone manufacturer was barring it from hosting non-fungible tokens (NFTs) on the latest release of the Ethereum-based crypto wallet.

According to him, the tech company took offense after discovering that the new Gnosis Safe update will support user-owned NFTs, a feature Schor says has been in operation for some months already.

In response to the new update, Apple said it does not support apps, especially crypto wallets that display NFTs that cannot be purchased inside the app store. Further clarifying its position, Apple termed such apps that facilitate purchases except for its nominal Apple Pay platform as “inappropriate” and advised Gnosis Safe to revise its NFT functionality or risk being delisted.

A resubmission with a clearer update description still received a rebuff from the privacy-centric smartphone manufacturer. Per Schor, Apple maintains its position that NFTs can only be purchased from its App Store.

NFTs are digital certificates that show the owner of a particular virtual asset and can come in various forms. For now, the arts and creative industry have keyed in on the blockchain-based digital arts with NFTs like Bored Ape Yacht Club (BAYC) pieces selling for millions of dollars. This has seen popular decentralized applications (dapps) and NFTs supporting platforms like Ethereum and Solana spike value.

Also, online NFT marketplaces like OpenSea have recorded over 76,000% year-to-date (YTD) increase in NFT sales, with the platform crossing the $3 billion mark in transaction volume in early August.

Apple Actions Raising Questions

Apple’s strong stand has raised a long-debated question on its strong-handed tactics on apps that operate in the App Store. Gnosis Safe is not the only crypto wallet provider getting the boot from the company.

Other notable defaulters are Trust Wallet which said it would not support its Dapp browser on iOS 6.0 in its latest release. The company cited compliance with the platform’s laid-down rules. Another victim is imToken wallet which also removed a list of featured Dapps for iOS users citing the App Store guidelines as the reason.

However, Gnosis Safe will not go down without a fight, and Schor says the company plans to resolve the issue with the App Review Board. He also noted that Apple might not be a good vehicle for the rapidly-growing Web3.0 wave.

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Author: Jimmy Aki

Ethereum Wallet, Gnosis Safe Launches SafeSnap to Enhance Decentralized Governance in DeFi

Ethereum Wallet, Gnosis Safe Launches SafeSnap to Enhance Decentralized Governance in DeFi

Gnosis, a multi-sig wallet provider, is partnering with Snapshot to launch SafeSnap, a platform that enhances decentralized governance by allowing on-chain execution of off-chain votes.

In a document released on Tuesday, Gnosis, Gnosis Safe’s creator, a trusted Ethereum and ERC-20 tokens custodian, announced the launch of SafeSnap, in partnership with Snapshot, a decentralized governance platform. The new feature enables the decentralized execution of crypto governance protocols by bringing off-chain votes back on-chain.

Decentralized governance protocols have taken off with the rise of the DeFi ecosystem in the past year. However, the high gas fees on Ethereum have made it expensive to vote for proposals on-chain hence the rise of off-chain voting protocols such as Snapshot. However, the use of off-chain projects comes at the expense of decentralization.

The Snapshot governance proposal voting process is conducted off-chain with the duty to execute the proposal lying solely on the goodwill of team members and multi-sig key holders. SafeSnap aims to remove this centralization by automatically executing the proposal as soon as the “off-chain voting” closes.

SafeSnap aims to offer decentralized execution of crypto governance proposals. Several top DeFi governance protocols, including Yearn finance, SushiSwap, Synthetix, and Balancer, have already announced their support for the governance protocol.

Stefan George, a Gnosis co-founder and CTO believes the new feature will allow users to reduce high gas fees witnessed on Ethereum while maintaining decentralization in the proposal’s execution.

“The ability to execute DAO vote outcomes in a decentralized way, without taking the whole process on-chain and incurring the resulting gas fees, has been a difficult one to solve.”

Gnosis Safe will tally the off-chain voting from non-custodial multi-sig wallets and use Reality.eth, formerly Realitio, to broadcast the result on the main blockchain.

Once verified on the off-chain platform and resolved on Reality.eth, the proposal will have a 24 hour cooldown period before it is broadcasted to be executable by any participant on the blockchain.

The company boasts over $19.4 billion worth of ETH and ERC-20 token value in its Gnosis Safe Multisig wallet, including Metamask and hardware wallets. According to a BEG report in January, this makes it the fourth largest ETH custodial wallet operator.

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Author: Lujan Odera

A Growing Number of British Investors Believe Crypto is as Safe as the Stock Market

A Growing Number of British Investors Believe Crypto is as Safe as the Stock Market

A recent poll suggests that Brits are getting more comfortable with cryptocurrencies. American investors also appear to be warming up more to crypto as their appetite for risk grows.

  • Despite their growing maturity over the past few years, cryptocurrencies have continued to face criticism over their perceived volatility and susceptibility to massive price swings.
  • However, the tide appears to be turning in Britain, as investors are getting more comfortable with the fledgling asset class.

Crypto on the Same Pedestal as Stocks

This week, market research and consumer insights provider, Piplsay, shared the results of a survey conducted on British investors about cryptocurrency. The survey consisted of 6,070 British investors above the age of 18, showing that a growing number of them now view cryptocurrencies as safe investments.

As the survey showed, over 40 percent of respondents described cryptocurrencies as safe, compared to 31 percent who viewed them as dangerous. Another 27 percent responded neutrally. Comparing cryptocurrencies to stocks, 41 percent claimed that both asset classes are on equal risk footing, while 45 percent believe that stocks are still safer than cryptocurrencies.

Of those who expressed concern about cryptocurrencies, almost 30 percent cited the potential for fraud and hacks as their primary concern. 26 percent also expressed concern over regulatory uncertainty, while only 19 percent pointed to the issue of price volatility.

Despite the growing sentiment over cryptocurrencies’ safety, 57 percent of respondents claimed that they didn’t have any desire to own digital assets. Of these, 46 percent claimed that they stayed away from cryptocurrencies because they had little to no knowledge of the asset class.

At the same time, 46 percent of all respondents also opined that large brands in the country should accept crypto payments. Most of these people cited the recent increased demand for crypto as payment methods as their reason.

American Investors Beef Up Risk Appetite

Investors’ growing desire to trade in cryptocurrencies isn’t native to Britain alone. Across the pond, professional investors are also trooping into the crypto space, encouraged by the market’s growth over the past year.

Last month, a fund manager survey from Bank of America showed that Bitcoin had become the most crowded trade in the country. Per a Reuters report, 36 percent of respondents in the survey identified the “long Bitcoin” bet as the most crowded trade, beating out “long tech.”

The Bank of America report marked the first time that “long tech” will be knocked from atop its perch since October 2019. It also marks a growing positive investor sentiment for Bitcoin, which was only third on the list in December 2020.

Several fund managers have also been hyping Bitcoin as a safe asset to invest in. Last month, Anthony Scaramucci and Brett Messing of New York hedge fund SkyBridge Capital wrote in an op-ed that Bitcoin is just as safe an investment as stocks or government bonds. The hedge fund managers wrote,

“[…] increased regulations, improved infrastructure and access to financial institutions — like Fidelity — that hold investors’ money have made bitcoin investments as safe as owning bonds and commodities like gold, which are also used to balance portfolios.”

With the cryptocurrency market delivering steady returns over other investment classes, investor sentiment remains strong.

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Author: Jimmy Aki

67% of Millennials Believe Bitcoin Is A Superior Safe Haven Compared to Gold

67% of Millennials Believe Bitcoin Is A Superior Safe Haven Compared to Gold

Millennials believe that Bitcoin is a better safe-haven than gold. Despite its increased adoption, Bitcoin has experienced several social problems in its continued rise to prominence.

Over the last few years, we have seen first-hand how millennials deal with their personal finances.

The older generation believed in gold as the last resort in beating inflation, but with central banks printing more money than ever before due to the pandemic, many have had to search for better ways to hedge against inflation.

Millennials Believe In Bitcoin’s Future

A recent study from SimpleMoneyLife shows that cryptocurrencies are getting more adoption worldwide, despite their high volatility. The increased popularity, along with recent price rallies, has made these assets more preferable to legacy investment options like gold or government bonds.

In its research, SimpleMoneyLife, a personal finance platform, quoted a study from the deVere Group. The study revealed that about 67 percent of millennials see Bitcoin as a better store of value than gold.

The consistent adoption from millennials and increased institutional investment, has bolstered cryptocurrencies’ popularity worldwide.

Social networking apps like Twitter also play major roles in spurring crypto adoption. As SimpleMoneyLife explained, the social networking site churns out over 70,000 Bitcoin-related tweets daily.

Many of these tweets come from verified accounts of Bitcoin evangelists like Anthony Pompliano, Peter McCormack, and even Twitter CEO Jack Dorsey.

Several experts have pointed to Bitcoin possibly overtaking gold due to its increasing popularity.

Yesterday, Brett Messing and Anthony Pompliano of New York hedge fund SkyBridge Capital recently explained that crypto investments are as safe as gold and government bonds. The investment experts listed increased regulation and an enhanced Bitcoin infrastructure for its safety, adding that its value should skyrocket on the back of increased investment from institutions and millennials.

Social Concerns

Despite adoption being on the rise, SimpleMoneyLife pointed out that Bitcoin is experiencing some social problems with its distribution.

Although created to be decentralized, only a few early investors are controlling the vast majority of BTC presently in circulation. The SimpleMoneyLife research showed that two percent of BTC wallets control about 95 percent of the assets in circulation. A further 70 percent of BTC addresses have less than 1 BTC in them.

Another social problem appears to be the gender inequality discovered in the Bitcoin ecosystem. Males are seen as more interested in cryptocurrencies in general than females, with SimpleMoneyLife reporting that 85.77 percent of Bitcoin-related engagement comes from men, while 14.23 percent of the network’s participants are female.

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Author: Jimmy Aki

Gnosis Safe Is Now The 4th Largest Ethereum Wallet Address; Adds 1.5M ETH In A Day

Crypto Custodian, Gnosis Safe Is Now The 4th Largest Ethereum Wallet Address; Adds 1.5M ETH In A Day

Gnosis Safe added over 1.5 million Ethereum tokens in a single day. The value of the ETH and ERC20 tokens stored soared to $2.3 billion, making the firm the fourth largest custodian of ETH.

In a tweet sent out on Thursday, Gnosis Safe, an Ethereum digital assets custodian, confirmed over 1,500,000 ETH (~$1.8 billion) was added to their safe on Jan 14. This brings the total amount of ETH stored on Gnosis wallets to slightly above 2% of the total supply of ETH.

Just a day earlier, the crypto custodian announced they had reached a million ETH stored in their safe after a 600,000 ETH deposit by an unknown account. The latest transaction is also unknown but is widely speculated to institutional money – a bullish indicator for ETH price in the future ETH -1.86% Ethereum / USD ETHUSD $ 1,162.91
-$21.63-1.86%
Volume 35.74 b Change -$21.63 Open $1,162.91 Circulating 114.27 m Market Cap 132.88 b
2 h Fireblocks Introduces Crypto Staking for Institutional Investors; Ethereum, Tezos and Polkadot 4 h Crypto Custodian, Gnosis Safe Is Now The 4th Largest Ethereum Wallet Address; Adds 1.5M ETH In A Day 7 h DeFi Project CREAM Reinventing with Zero Collateral Protocol-to-Protocol Lending Platform
.

According to Etherscan’s ‘Rich List‘ –ranking the top account addresses by value – Gnosis Safe is the fourth largest account with 2.5 million ETH held in the account or 2.18% of the total ETH supply. Only Wrapped ETH deposit contract address (4.59%), Binance ETH address (2.53%), and Ethereum 2.0 deposit contract address (2.19%) have larger amounts of ETH tokens than Gnosis Safe. Back in August of 2020, the wallet had just toppled $1 Billion AUM.

Gnosis Safe is a smart contract powered platform that provides users with a safe and secure multi-signature wallet solution to retail and institutional holders. Individual users will need to sign the transactions from multiple wallets or devices, while institutions can choose to delegate several employees to sign the transactions.

Safe replaced the Gnosis Multisig wallet in 2019, enhancing its infrastructure, security, and users’ functionality. The custodian also launched its iOS and Android mobile apps on its mainnet and Rinkeby testnet platforms.

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Author: Lujan Odera

Voyager Crypto Trading App Suffered Cyber Attack; Funds Are Safe And Now Back Online

Voyager Crypto Trading App Suffered Cyber Attack; Funds Are Safe And Now Back Online

On Monday, Voyager Digital announced the decision to switch their system to offline after their servers were compromised. Through a tweet, the firm stated that they were forcefully taking their system offline to secure their users’ accounts.

The firm however assured their customers that no personal details or funds had been compromised by the attackers. The firm also explained that it will take at least 24 hours to fully restore its services via the Voyager app.

The firm also took an opportunity to apologize to its clients and asked them to be patient as their engineers were working to restore the systems. The broker stated that more details will be provided after the full inspection was completed. The firm also stated that customer’s safety was paramount and they took drastic measures to secure them. They stated,

“Voyager would like to thank you for your patience while our system is offline. We detected a threat to our system, and as part of our process and procedures to secure funds and customer information, we promptly shut down the system. We want to reiterate that no funds or personal information were compromised. To ensure the on-going safety of customer funds and information, we anticipate it will take us approximately 24-hours to get the app back online.”

System Back Online

However, by the time of publication, Voyager announced that they had managed to restore the system after a thorough inspection and addressing the possible threats adding that trading has been restored and customers only need to log on again as they had been logged off.

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Author: Joseph Kibe

Michael Saylor Offers Elon Musk his ‘Playbook’ to Convert Tesla’s Billions into Trillions

Bitcoin isn’t the world’s second-richest person’s “safe word” and is “almost as bs as fiat money,” it’s just all about DOGE.

Tesla CEO, Elon Musk took over the crypto Twitter on Sunday when he tweeted that Bitcoin is his safe word.

This has been in contrast to his tweet earlier this year when he said “Bitcoin is *not* my safe word.” Over a year before that in 2019, he had said, “Cryptocurrency is my safe word.”

Musk’s Tweet has always been vague, after all, he’s here for the memes.

His weekend shenanigans soon gave way to “Just kidding, who needs a safe word anyway!?” this time as well.

“Bitcoin is almost as bs as fiat money,” came his Tweet soon after.

Bitcoin fanboy, Michael Saylor, the CEO of MicroStrategy, the first public company to replace cash with Bitcoin in their balance sheet as a reserve asset, jumped in and encouraged the billionaire to make a similar decision and “do your shareholders a $100 billion favor.”

“Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor,” Saylor added in his tweet on Sunday.

This made Musk inquire if “such large transactions (are) even possible.”

Here, Saylor took over and explained how he has purchased more than $1.3 billion in Bitcoin in the past few months and “would be happy to share my playbook with you offline – from one rocket scientist to another,” said the Bitcoin proponent.

Crypto derivatives exchanges FTX CEO Sam Bankman Fried also chimed in and recommended his OTC desk and “you can even use TSLA stock as collateral to buy it,” he said.

The price of Bitcoin surged more than 230% this year, having broken above the 2017 peak of $20,000 and now venturing on its price discovery that sees the digital asset making a new all-time high every other day.

In the early hours of Monday or late on Sunday, BTC price BTC -4.90% Bitcoin / USD BTCUSD $ 22 909,7304
-1,122.58 -4.90
Volume 46.98 b Change -1,122.58 Open $22 909,7304 Circulating 18.58 m Market Cap 425.6 b
1 h Crypto Exchange EXMO Hacked; BTC, ETH, XRP, ZEC, USDT, and ETC Stolen By Attacker
actually made yet another all-time high to about $24,300.

Today, the market is actually in risk-off mode with Bitcoin falling to $22,400 and TSLA shares also going down 6.3% in pre-market on its debut on the S&P 500 index.

“If Elon Musk/Tesla decided to also allocate part of its treasury holdings to BTC like Microstrategy did, it will embolden other tech companies around the world to do the same,” said one of the partners of the Crypto fund The Spartan Group.

The share price of Musk’s TSLA actually has been on a bull run itself, wilder than Bitcoin’s. Up a whopping 708% YTD and up 862% from March lows, TSLA made a new all-time high at 695 on Friday. These gains added $140 billion to Musk’s $167 billion net worth, making him the second richest person in the world.

Musk ended his crypto session with the tweet “One word: Doge” and changed his Twitter bio to “Former CEO of Dogecoin.”

DOGE jumped over 25% on this, trading above $0.005.

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Author: AnTy

BitPrime Partners with Simplex to Provide a Solution to Buy Crypto with Credit Cards

First-to-market crypto offering in New Zealand enables a safe and convenient way to purchase crypto using debit and credit cards by joining forces with Simplex.

Christchurch, New Zealand – 26 November 2020 – BitPrime, New Zealand’s leading cryptocurrency retailer, today announced it has partnered with Simplex, the market-leading fiat/crypto infrastructure provider. The partnership provides a safe solution for those wishing to buy cryptocurrency using a credit card or debit card (Visa or Mastercard).

Available for the first time in New Zealand, the partnership takes advantage of Simplex’s fully protected, fraud-free platform for digital asset purchases and offers BitPrime customers yet another practical payment option to onramp to the crypto ecosystem.

The option to purchase crypto with a credit card has been one of the most highly requested features by current BitPrime customers over the company’s three-year history. The partnership with Simplex enables BitPrime users to easily onramp with a trusted partner that has an industry reputation for transparency and security.

The launch of this new payment solution comes as the price of Bitcoin reaches its highest since the all-time high of nearly NZD30,000 in February 2017.

BitPrime has partnered with Simplex to utilize the company’s state-of-the-art AI technology that analyses the risk of every payment and actively blocks fraudulent users. Simplex also provides all users with award-winning customer support, available 24/7, should they need help to complete their purchases.

Ross Carter-Brown, CEO of BitPrime, said “We’re taking cryptocurrency to the world. Our new credit card payment gateway allows us to service customers from 178 different countries. We know that New Zealand is a desirable jurisdiction to do business for many people, especially for financial services. That’s due to our strong personal property protections, political stability, and low corruption. Our partnership with Simplex is a crucial piece of infrastructure that will help meet that demand”.

”Simplex gives anyone, anywhere the ability to buy any digital assets easily and securely”, said Simplex founder and CEO, Nimrod Lehavi. “Our partnership with BitPrime empowers millions to onramp conveniently, using their bank cards.”

BitPrime allows customers to purchase as little as $100 worth of cryptocurrencies and the newly launched payment solution also supports international customers.

To learn more about this service, or to try it out, visit

ABOUT BITPRIME

New Zealand owned and operated, BitPrime is at the forefront of full-service cryptocurrency trading solutions in the country. We’re passionate about our professional service and have a strong focus on providing free education and tech support for beginner’s through to professional investors. BitPrime is here to make it easy and secure to trade digital assets. BITPRIME LIMITED (FSP595609) Registered.

ABOUT SIMPLEX

Simplex has been changing the status quo of crypto on/off ramps since 2014. As the market leader, Simplex pioneered the first riskless global fiat onramp using credit and debit cards, promising a zero-chargeback guarantee. Working alongside the biggest names in the crypto ecosystem, Simplex provides the complete fiat infrastructure for the cryptocurrency ecosystem. As a licensed EU financial institution, Simplex was selected as one of the 10 most impactful companies in blockchain in 2020.

Disclaimer: This is a paid press release from BitPrime. BitcoinExchangeGuide does not endorse, nor are we responsible for the content included in this paid release. We encourage all of our readers to do their research before interacting with the company.

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Author: Bitcoin Exchange Guide News Team

A $6.6 Million Seed Round Startup Launches “Easy” Crypto Purchasing Services

  • Ziglu, a cryptocurrency startup based in London, launches allowing an easy, safe and reliable crypto purchase gateway.

An official report released by Ziglu on June 15, 2020 confirms the launch of crypto marketplace and exchange, Ziglu after a $6.6 million seed round funding from friends and other angel investors. According to CEO of Ziglu, Mark Hipperson, the exchange is aiming to bring to its customers the best, cheapest and fastest ways to purchase multiple cryptocurrencies from one place.

Over the past few years, cryptocurrency has taken a hold growing to a massive ~$200 billion market capitalization in a decade. The growth of the market enticed more banks to take up the role of providing a gateway for crypto purchases and withdrawals. Hipperson however believes the market has changed a lot since the early days and hence has a strategy to do things different.

As the competition to offer avenues to purchase crypto heats up, Hipperson believes the current buyers of crypto are looking for a safe and easy way to get their crypto. Speaking on the launch of Ziglu, Hipperson said,

“This launch marks the beginning of an exciting journey for Ziglu to deliver transformational financial services for our customers. By offering immediate and safe access to best-price crypto, customers can spend, exchange and send their money, regardless of the currency, where, when and how they want.”

Ziglu will allow users to buy and sell multiple cryptocurrencies on the platform including BTC, ETH, LTC and BCH with about “15 cryptocurrencies expected to be added this year” according to demand, Hipperson said.

The statement also confirms a possible debit card launch in the coming quarter to allow users to spend their crypto easily. Ziglu is currently available on the iOS Apple Store for mobile devices.

Hipperson also spoke on the effects of the current COVID-19 global pandemic on the launch of Ziglu. The application will partner with two exchanges (instead of the planned five) at launch with more exchanges expected at a later date.

Ziglu enters an arena full of competitors including Twitter CEO, Jack Dorsey’s Square app, which together with Grayscale Trust combine for a total of 50% of Bitcoin daily purchases from miners. The app recently rolled out new features that allows users to stack satoshis on a daily, weekly or monthly automatically.

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Author: Lujan Odera

Here’s Why Bitcoin & Gold Didn’t Surge During the Enormous Volatility in Q1 2020: Report

The reason behind the safe assets like gold and bitcoin not surging despite the coronavirus pandemic creating enormous volatility in the global financial markets is the “intense and large-scale manipulation,” states a report by the University of Sussex.

The report published on May 14 points out how during the 2008 crisis, the correlation between the S&P 500 and gold was about minus 40% but this time around it was +20%.

“As funds flow out of equities one would expect demand for gold and bitcoin to increase,” said Carol Alexander, Professor of Finance at the University of Sussex Business School.

But what happened this time around is that safe havens behaved completely differently. Both gold and bitcoin fell at the same time as US equities.

Safe haven take a hit along with stock market

After the equities market crashed in March 2020, gold had its worst week in eight years when it should have been its best. This was because of the massive shorts on COMEX gold futures, she said.

S&P 500 crashed 33.9% in March and has already climbed above 3,000, up over 34% since the sell-off. The precious metal meanwhile dropped 11.7% from the multi-year lows and is currently at $1,726 per ounce.

However, while the S&P 500 only continued upwards since the fall, gold is down 1.7% from $1,756 in mid-April.

A behavior also is seen in Bitcoin.

BTC fell 63% from February high but recovered and went up 163% to above $10,000 only to now trade for around $8,850.

The report mentions that since its birth in 2009, the world’s leading digital asset has been uncorrelated with any traditional asset. But this time, bitcoin’s correlation with SPX was +63% and remains “unsettlingly” high at 40%.

Bitcoin was “driven down by some pretty obvious manipulation bots on the unregulated crypto derivatives exchanges, especially BitMEX,” Alexander said.

Rarely seen before manipulation affect the markets

On tracking the trades on both gold and bitcoin markets, it was found that there have been detailed huge sell orders on gold futures and massive pump and dump on copper futures in recent months.

Some single trades on COMEX were extremely large — innately clear contraventions of US laws on market abuse. But with the regulators busy in the current time of distress, these manipulations even the large scale ones remain off the radar of regulators. She said,

“We are witnessing financial market manipulations on a scale and frequency that have rarely been seen before.”

Also, large spoofing orders on key cryptocurrency exchanges have been detected.

But those placing these trades are not the only biggest beneficiaries of these attacks but also the holders of US dollars and US assets.

Both of them have become the primary sources of positive returns for global investors in attempts to “curtail the recent trend of some central banks to diversify their reserves away from the US dollar.”

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Author: AnTy