RippleNet Member InstaReM Expands To Canadian Markets

Ripple is growing very rapidly in the last few years. The company has been convincing several companies to enter its RippleNet and many of these enterprises have been successful so far. InstaReM, one of the members of RippleNet, is proof that these firms are growing.

InstaReM was recently reported to have started its expansion into Canadian territory and  strengthen its position in North America. InstaReM will also be connecting Canada to over 60 markets, including the U. K. and the U. S., the two most important markets for InstaReM.

As Canada was considered an important remittance country, it was one of the first regions that were considered when the company chose to expand. Now, the clients of the company in the country will be able to use the low-fee solutions of the company, which are powered by the RippleNet.

The co-founder and CEO of InstaReM, Prajit Nanu, affirmed that his firm is committed to giving the customers a platform in which they will be able to send their money all over the world, as InstaReM has corridors that range from the Asia-Pacific region to the European Union and North America.

He affirmed that the company’s main goal is to give solutions that can be cheaper and faster than other cross-border transfer services. The services, which use zero-margin FX rates, charge only a small nominal fee to transfer the money. By using RippleNet, they can offer something that is much more efficient than SWIFT, the current top player in this area.

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Author: Gabriel Machado

iAngels Focus on Crypto Adoption, Bringing New Investors to the Bitcoin World

Adoption is very important for the development of the crypto world. Fortunately, companies such as iAngels exist. Created by a software engineer, a former lawyer and a Wall Street trader, the company is focused on promoting the adoption of crypto and securing investments for blockchain startups at the same time that it educates traditional capitalists about this new world.

According to Mor Assia, one of the co-founders of iAngels, the idea is to build a crypto ecosystem together with the investors. Her background in engineering helps her to explain the concepts to investors.

Adaga Nameri, the lawyer who also founded the company, the company has provided a yearly return of 40% for investors so far. These are not small returns. Nameri believes that the company, which operates in Israel’s capital Tel Aviv, can work as a sort of bridge between the more traditional investors and this brand new world.

Shelly Hod Moyal, the third co-founder, affirmed that the company manages funds in over 50 countries and has investments in Telegram, Bitmain and several other crypto-related companies. The company is getting a lot of clients by using the approach of explaining to people what Bitcoin is and how it could change their lives.

To the trio, the crypto world is more than just an investment, it is a new way to see the world. She has strong roots in traditional finance as she is married to eToro’s founder Yoni Assia, but she believes in the power of the decentralized world. According to her, she is educating her children to not rely too much on traditional banking and to value decentralization.

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Author: Gabriel Machado

Venezuela To Land First Bitcoin ATM While Largest Bank Adds Support For Petro Cryptocurrency

Venezuela has finally got its very first Bitcoin ATM. The country witnessed quite a high volume of Bitcoin trading, and despite that, the Bitcoin ATM launch took several years. the Latin American firm PandaBTM has installed a crypto ATM in San Antonio del Táchira. The machine is located inside a small convenience store, called Viajes e Inversiones HC (Travel and Investments HC), by the side of the main road towards Colombia.

Bank Of Venezuela Opens Petro Registration

Bank of Venezuela is about to become the first financial institution in the country to offer its customers the option of conducting operations in both fiat and crypto. At the moment, though the bank clients seem only to have the option to register a Petro wallet, accounts also have a drop-down menu inviting the users to “choose the type of crypto” they wish to register.

Although there hasn’t been an official announcement made by the bank, the option is presently live on customer accounts. At present, users can only transfer Petros using the official web wallet and trade those tokens on authorized exchanges such as Amberes and Bancar.

Other efforts to expand the crypto ecosystem in Venezuela include a recent partnership between PundiX and Traki, Venezuela’s largest retail chain. Traki is perhaps Venezuela’s most important business involved in crypto. It was the first major Venezuelan retailer to accept cryptocurrencies as payment, as well as one of the first businesses to accept the state-run digital currency, the Petro.

So even though merchants like Traki appear willing to push Bitcoin and cryptocurrency use throughout Venezuela, the limits to crypto adoption in the country may ultimately be determined by lingering political and economic issues.

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Author: Sritanshu Sinha

Ripple Rumor: MoneyGram and Visa’s New P2P Debit Card May Use XRP Based On Past Partnership

A very interesting rumor has surfaced in the crypto world this week. MoneyGram has recently announced a partnership with Visa to create a new P2P debit card. Now, the XRP community believes that XRP tokens may be involved in this deal.

The official press release affirms that this new P2P system will be used for money transfers in the U. S. People will be able to send money domestically using the app, which will use Visa Direct.

Visa Direct is a platform that is being used by Visa for payments all over the world. According to Alex Holmes, the chief of MoneyGram, the company is always focused on creating the best experiences and to empower its users to send money to family and friends.

The Rumors About the XRP Use

As you may know, MoneyGram was recently acquired by Ripple. This prompted several people on the internet to believe that the new debit card service may use XRP tokens as a way to transfer money. This would, according to the community, be a huge boost for the popularity of the crypto asset.

XRP tokens are very good for quick international transactions, so the community is betting that the service will be used for international payments when the service finally startds to be used outside of the U. S.

Obviously, many people still doubt this theory and so should you. Despite how quickly this rumor grew in the XRP community, there is absolutely no real indication that the whole theory is true. We’ll still have to wait for a long time before we can be certain that XRP will indeed be used in this new product.

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Author: Gabriel Machado

Hyperledger Announces It Is Officially Integrating Ethereum as Its First Public Blockchain

Hyperledger has officially announced that it will be integrating its very first-open public client into its list of tech offerings. The technical steering committee unanimously voted to include Pantheon, an Ethereum client developed by PegaSys after engaging in a very vigorous debate.

It is expected that the client will soon be renamed and will take on the name Hyperledger “Besu”. It is a term derived from the Japanese and which is used to refer to a foundation or base. While releasing this statement, PegaSys stated that after all has been said and done, blockchains act as a foundation for data on which various applications are created.

The statement went on to state that for this reason, blockchains should serve modern information technology architectures as a base of trust. Patheon, written in Java is an open-sourced Apache 2.0. It has officially been licensed to Ethereum. The ETH client was designed to make sure that developers could easily deal with all aspects associated with distributed ledgers including storage, networking, and consensus algorithm which many views to be very difficult.

John Wolpert who serves as the global product executive at ConsenSys when commenting on this news stated that PegaSys would now start celebrating its integration into a global consortium after having been out in the wild for close to five years.

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Author: Daniel W

A Petition Starts Asking the Ripple Company to Stop Dumping XRP Gains Momentum

The XRP holders are very insecure about the behavior of Ripple, as the blockchain firm allegedly keeps on manipulating the market, claims the investors. A recent donation of 1 billion by Ripple to Coil has raised eyebrows among XRP holders.

Even though Ripple has an indirect influence on XRP with its developments but on the other side, Ripple also holds the majority of XRP’s and with Ripple dumping the XRP coins in a large number hasn’t amazed investors.

Just weeks ago, XRP touched the lowest price mark of $0.252 since late 2017. This shows that Ripple has had an impact on XRP in a negative way. The co-founder of Multicoin Capital hedge fund, Kyle Samani, in his interview with Bloomberg stated that the rise in Ripple’s quarterly XRP sales had led the digital asset to a bearish trend.

Similarly, veteran crypto analyst, Peter Brant recently mentioned that XRP price would dip up to $0.20. Brant, with all his experience and observation, predicted the upcoming price of XRP could further go down, as Ripple goes on to sell XRP. Also, in a series of tweets, he claimed that Ripple has been manipulating the market price of XRP. He used the word ‘manipulating’ because the way Ripple has controlled XRP price with the significant market whales, XRP sales, and donations.

A petition asking Ripple to stop the dumping of the XRP crypto has been published on Change.org. The hypothesis is that Ripple is placing on the market billions of XRP, causing the price to fall.

Now the petition has gathered momentum with over 2k investors signing it and asking the fintech firm to quit dumping their XRP holding onto the market.

The aim of the petition is to collect ten thousand signatures to support the cause and stop the price from falling, although there is no mention of how this could be done, or what they would actually do once the 10k signatures have been collected.

Despite the low market prices, the XRP community is very much hopeful about the future of the digital asset.

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Author: Joseph Kibe

Hotmine’s Bitcoin Miners Are Using Mining Rigs To Heat Homes In Eastern Siberia

Oles Slobodenyuk, the CEO of Hotmine, has created a very interesting product. His company decided to create a Bitcoin mining machine that could be used as a way to heat homes. The place in which it will be used? Siberia, one of the world’s coldest regions.

The idea of his project is to be able to sell at least 200,000 mining devices that can also be used as heaters. Crypto mining generally heats up a lot, so the idea is really useful. The company’s goal is to offer the ability to heat houses in at least 80% of the devices sold.

According to him, the miners will not be so potent as industrial ones, but they will be very useful. They can provide a lot of heat at the same time that they can make around $55 USD per month. This way, the owner will not only spend money heating the house but also make some cash at the same time.

With local electricity being around one to two cents per hour, the heater would spend around $10 USD to be used, so the profit would be $45 USD. Free heating for all, it seems.

This company was founded in 2013 and it has grown up a lot recently. Mostly due to the creativity of its leads and their ability to tackle problems and find interesting solutions.

Slobodenyuk is not only an inventor but also an idealist. He believes that crypto mining should be more decentralized. According to him, each house should have its own full node, which is the only real way to provide all the needed decentralization to mining.

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Author: Hank Klinger

Russia’s Moscow to Make Its Own Blockchain System To Achieve More Transparency in City Admin Services

Russia is not very well-known for its transparency, so the city of Moscow is trying to make a move in the opposite direction. The Information Technologies Department of the city has decided to hire a company to create blockchain-based systems for the city. According to the city, the cost of the new system will be around $860,000 USD.

This new platform will have several types of services, such as the issuance of documents of different types. Documents related to property and farming will be issued this way. The blockchain system will use a proof of authority consensus and will hold at least 1.5 people online at the same time.

According to the government of Moscow, creating the platform won’t take too long. The project is expected to be completed in 60 days. After that, Moscow is hoping to get a boost in the transparency of electronic services.

Reports indicate that the platform will possibly be integrated into other blockchains as well and become interoperable with them. Systems like one that was created to let citizens vote could be integrated, for example.

This system, called Active Citizen, is used to vote on several city topics such as street decorations and city events. Active Citizen was created back in 2017 and it was used to vote several times so far.

In the near future, the system is also set to be used in the city’s legislative elections. 6% of the voters in the city will be able to use the system to vote on the candidates that they want.

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Author: Bitcoin Exchange Guide News Team

DataTrek Market Researcher: Bitcoin Can Be A Turmoil Indicator in Geopolitical Affairs

New studies about Bitcoin are uncovering some very interesting truths behind the most famous cryptocurrency of the world. For instance, a new study made by DataTrek Research appoints that Bitcoin can be used as a way to determine geopolitical turmoil.

Nicholas Colas, the co-founder of the company, has recently spoken to CNBC and affirmed that Bitcoin could be used in order to find indications of political unrest. He used the local price rise of the token in Hong Kong as an example of that.

According to him, the price of the asset could be used to predict that Hong Kong would suffer a capital flight during the political tensions which are happening there right now.

He also affirmed that Bitcoin can definitely be seen as a safe haven asset right now. Crypto investors affirmed this for a long time, but this is becoming each time more undeniable right now. According to Colas, BTC was one of the few stable assets during the turmoil because it was not linked to the country in any way.

Peter Tchir, a Forbes contributor, was also responsible for affirming recently that Bitcoin was a major indicator of financial turmoil and political crisis.

However, it should be noted that BTC is still a very volatile asset and that betting everything on it might not be the most secure idea during troubled times. There are no guarantees that the prices will not go down again before they go up.

Because of this, investing everything in BTC is a much more sensible decision in complete chaotic situations such as Venezuela and not so much in situations in which there is a small risk. In this case, a more diversified portfolio can be considered more secure.

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Author: Bitcoin Exchange Guide News Team

South Korean Firm to Fork Ripple and Develop a New ‘ChainZ’ Social Value Coin Donations Platform

  • Korean firm — SK C&C — is currently in the process of building its very own donations platform.
  • The holding company currently provides its services to a number of firms operating within domains such as IT, logistics, finance and media.

As per an all-new report released by S.Korean media outlet Cosun yesterday, local holding company SK C&C has announced its decision to create a new donations platform that will be built atop a Ripple blockchain fork.

In addition to this, it should also be pointed out that this new platform will support a stablecoin whose value is pegged to the Korean Won (using a 1:1 ratio).

As things stand, the platform in question is still in its planning phase and according to the head of SK C&C — Lee Sun-min — there are still a few regulatory/infrastructure related barriers that need to be ironed out before the service can go live. In regards to this entire development, Sun-min was quoted as saying:

“Since SK is a company, we cannot pursue profits in won stablecoins. Regulatory issues are not solved, too […] It’s hard to build a platform ecosystem […] Not just a single company can do it. We are currently looking for a company to build a platform ecosystem.”

The platform will reportedly be called ‘ChainZ’ and it will make use of a won-pegged stablecoin called Social Value Coin (SVC) to facilitate user donations.

ChainZ will also make use of a utility token called Social Value Power (SVP) to reward its benefactors. These SVP tokens can later be redeemed at a number of local merchant outlets.

As things stand, SK C&C draws in an annual revenue of $53.8 billion.

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Author: Shiraz J