So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).The company will be hosting an event in Berlin, see Events below.
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)@morphymore translated Placeholder's Decred Investment Thesis and Richard Red's write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to Italian and Russian, and A New Kind of DEX to Italian and Russian.
This is an in depth exploration of one of the most interesting projects in the space. (@ApolloCapitalAU)
"I think that developers in the future are going to base their decision on where to build on the basis of governance and community. And so I look for good governance mechanisms and strong communities in blockchains." (@decredproject)
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
Please note: we will not accept any kind of payment to list an asset.Bithumb got hacked with a $30 m loss.
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)
Binance is entering into a new stage of well-grounded development and accelerated emergence in cryptoland.submitted by dForceProtocol to u/dForceProtocol [link] [comments]
Malta-based cryptocurrency exchange Binance has an ambitious mandate for its 400 employees in 2019: leverage industry partnerships to diversify the brand beyond its primary trading platform.
Trust Wallet, which Binance acquired last summer, recently joined the Foundation for Interwallet Operability (FIO), CoinDesk has learned. The coalition includes the exchange ShapeShift, and wallet startups BRD and MyCrypto, among many others. Guided by the foundation’s instigator, a Denver-based startup called Dapix, the coalition plans to build a protocol to standardize crypto wallet addresses across currencies and platforms.
Boosters say this protocol could eventually introduce new features to the broader fintech ecosystem, such as giving e-commerce platforms the ability to refund crypto purchases directly to a personal wallet and users the ability to send payment requests using someone’s email, comparable to apps like Venmo.
“The wallets and exchanges will be able to participate significantly in [FIO] block production,” FIO founder David Gold told CoinDesk. Since the protocol has a native token for processing fees, scheduled for beta testing later this year, Gold says the value proposition for participating exchanges is clear: “They get income from being a block-producing node on the network.”
Binance chief growth officer Ted Lin said that revenue has slowed during the market downturn, but the exchange is still profitable and doesn’t currently plan to shore up a venture capital “war chest” the way Coinbase, its Silicon Valley competitor, did with a $300 million fundraise last October.
Although it would probably take years for FIO to potentially offer Binance a significant revenue stream, Lin said the exchange’s bear market strategy is to focus on projects with long-term payoffs.
“It will ultimately come down to impact,” Lin said, describing how Binance prioritizes partnerships. “What else can we do to remove the roadblocks?”
All of this wallet infrastructure is leading up to the launch of Binance’s decentralized exchange, or DEX, later this year. Trust Wallet will be the first mobile crypto wallet to support integration with the DEX and the updated token.
Stepping back, Binance’s initial coin offering (ICO) asset BNB, which gave the startup its initial $15 million funding in 2017, is currently ethereum-based until Binance’s unique blockchain also launches later this year. Lin said pushing broader BNB adoption is another way to complement the upcoming DEX.
“If the technology requires five years of the entire ecosystem working together to create a better alternative, then we better start now,” Lin said.
Wallet usabilityIn the meantime, standardizing addresses and messaging software should reduce the risk of human errors while sending and receiving crypto.
This was particularly appealing to Binance because one of its growth strategies is extending its reach among the crypto-curious with fewer technical skills. That’s why the exchange also launched the educational portal Binance Academy in December 2018, with hundreds of introductory videos and articles translated by volunteers into 15 languages.
Gold said Binance has one of the biggest global user bases, over 10 million exchange accounts and 150,000 Trust Wallet downloads, according to the company’s 2018 statistics. As such, Gold says Binance is uniquely positioned to help FIO facilitate global adoption.
“[User-experience issues] can’t be solved by any individual wallet or exchange,” Gold said. “It has to be solved between them.”
Trust Wallet founder Viktor Radchenko told CoinDesk that FIO complements Binance’s broader push to open source the wallet’s code so external developers can add support for almost any crypto, beyond the 15 tokens Trust Wallet now supports.
Standardizing software with tools like the FIO protocol could give fans of niche assets the option to enable Trust Wallet support with the same level of security and usability across platforms.
“Last year we were really focused on ethereum,” Radchenko said. “We realized there are lots of blockchains and there are going to be lots of different use cases with people with different understandings of crypto.”
Referring to a scaling update called SegWit that improves transaction efficiency, he added:
“It’s really important for everyone to stay on the same page … most of the bitcoin wallets don’t even support SegWit. That’s really bad.”With pivotal wallet updates and a DEX on the way, BNB is the third Binance product that lends itself to helping the exchange form deeper industry ties.
Other partnershipsBeyond the Trust Wallet acquisition, Binance also invested $2.5 million in the airline payments startup TravelbyBit in 2018. This external company is now one out of many that Binance is partnering with to give BNB holders places to spend their tokens.
Late last year, Lin said Binance started reaching out to industry players to see if they would accept BNB payments or offer discounts to BNB users.
“We now receive multiple requests per day asking to incorporate BNB into their product or service,” Lin said.
In late December, the eco-friendly impact investing startup Moeda joined those ranks by enabling BNB contributions to its loan programs, where global investors issue short-term crypto loans to small businesses in developing nations. One such project, Cooperval Craft Beer run by a family farm in Brazil, repaid its first $8,000 loan in December.
According to Moeda co-founder Isa Yu, each of the roughly 15 international investors who contributed to that transparent loan, using BNB or Moeda’s ICO token MDA and a Brazilian real–pegged version called MDABRL for local accounting, received $800 return on their investments.
“You can choose to get out of the ecosystem by converting to MDA and trading on Binance,” Yu told CoinDesk. “Or you can choose to reinvest the MDABRL.”
There are already two more similar projects in Brazil now gathering $20,000 in crypto loans from more than 50 investors. Yu said Moeda plans to partner with Binance and expand the platform to nearly 200 projects receiving an average of $25,000 each by 2020.
“We want to work with them [Binance] closely to help the projects to grow and focus on different geographic regions,” Yu said.
Yet again, this shows how Binance looks to offer shopping and investment opportunities beyond standard cryptocurrency trades. Plus, educational initiatives at Binance Academy aim to attract newbies while the prices are low, potentially converting them into exchange users if prices spike again.
Speaking to Binance’s goals for BNB, including ongoing partnerships like Moeda and temporal events such as a discounted sale day at the Singaporean store SK Jewelry, Lin said:
“It’s showing the possibility of alternative payment methods that regular people who haven’t touched crypto are able to witness. … This has actually opened up a lot of proactive participation.”Binance CEO Changpeng Zhao image via CoinDesk archives
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