Huawei will install HarmonyOS on smartphones in 2020
At a press conference at Huawei CEO, Wang Chenlu confirmed that next year the company will bet on the HarmonyOS operating system. However, he did not say which particular models would work on it.
Nevertheless, other important details became known. Firstly, HarmonyOS will not replace Android, the Google operating system will continue to be used as the main one. Secondly, the new OS will enter the international market.
This is not the first time that one of the major manufacturers is trying to introduce a new operating system for its smartphones as an alternative to Android OS. Samsung also tried to do something similar with the Tizen OS, but then the situation was completely different.
They released a limited series of smartphones and quickly realized that this was a big mistake. Soon, the brand abandoned the idea of installing its OS on smartphones.
At a press conference at Huawei CEO, Wang Chenlu confirmed that next year the company will bet on the HarmonyOS operating system. However, he did not say which particular models would work on it.
Nevertheless, other important details became known. Firstly, HarmonyOS will not replace Android, the Google operating system will continue to be used as the main one. Secondly, the new OS will enter the international market.
This is not the first time that one of the major manufacturers is trying to introduce a new operating system for its smartphones as an alternative to Android OS. Samsung also tried to do something similar with the Tizen OS, but then the situation was completely different.
They released a limited series of smartphones and quickly realized that this was a big mistake. Soon, the brand abandoned the idea of installing its OS on smartphones.
Chainalysis: cryptocurrency payment processing grew by 65% in the first half of 2019
Chainalysis conducted a study and found that the number of transactions through 16 processing services increased by 65% from the beginning of this year to July. Moreover, bitcoin accounts for about 89% of transfers.
The current dynamics are fundamentally different from those that Chainalysis observed last year when the use of bitcoin in retail trade was declining. This time, the company decided to also analyze transactions in Tether, Litecoin and Bitcoin Cash.
“The current results of the study may signal that confidence in cryptocurrencies is growing steadily,” said Kim Grauer, senior economist at Chainalysis.
The field of retail payments using cryptocurrencies is developing steadily. Recently, the Intercontinental Exchange announced plans to launch consumer cryptocurrency payments based on its Bakkt platform in the first half of next year. For this, a partnership with Starbucks has been entered into. BitPay and other processing services are constantly adding support for new coins, this also increases the number of transactions.
The total amount of cryptocurrency payments in commercial activities in July amounted to approximately $ 5.5 million per day, in January the indicator was in the region of $ 3 million.
Analysts also note that the stablecoin Tether has become more often used in commercial transactions - over the study period, the number of transfers increased by 5 times. From January to July, USDT accounted for about 9% of such payments.
Chainalysis conducted a study and found that the number of transactions through 16 processing services increased by 65% from the beginning of this year to July. Moreover, bitcoin accounts for about 89% of transfers.
The current dynamics are fundamentally different from those that Chainalysis observed last year when the use of bitcoin in retail trade was declining. This time, the company decided to also analyze transactions in Tether, Litecoin and Bitcoin Cash.
“The current results of the study may signal that confidence in cryptocurrencies is growing steadily,” said Kim Grauer, senior economist at Chainalysis.
The field of retail payments using cryptocurrencies is developing steadily. Recently, the Intercontinental Exchange announced plans to launch consumer cryptocurrency payments based on its Bakkt platform in the first half of next year. For this, a partnership with Starbucks has been entered into. BitPay and other processing services are constantly adding support for new coins, this also increases the number of transactions.
The total amount of cryptocurrency payments in commercial activities in July amounted to approximately $ 5.5 million per day, in January the indicator was in the region of $ 3 million.
Analysts also note that the stablecoin Tether has become more often used in commercial transactions - over the study period, the number of transfers increased by 5 times. From January to July, USDT accounted for about 9% of such payments.
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The Poloniex exchange, breaking out of the tenacious clutches of Circle startup owned by the bankers, announced that from now on all its customers will become class 1 customers.
All new customers, having registered on the exchange only by email address, do not need identification procedures. Now, a Seychelles-registered exchange is going against the wool of tightening control over customers of crypto exchanges around the world.
For unverified users, the number of funds entered and trading is unlimited. There is only a limit on the withdrawal of funds, not more than $ 10K per day.
Also, all the methods of input-output of fiat from cards and accounts work. Fantasy.
It's simple, just one, two, three.
Enter your e-mail, come up with a password, trade!
The question of reliability remains. Good old Poloniex now belongs to Seychelles offshore. Whether its owner is going to India, for example, with private keys from wallets. How did the founder of the infamous Quadrigacx exchange?
All new customers, having registered on the exchange only by email address, do not need identification procedures. Now, a Seychelles-registered exchange is going against the wool of tightening control over customers of crypto exchanges around the world.
For unverified users, the number of funds entered and trading is unlimited. There is only a limit on the withdrawal of funds, not more than $ 10K per day.
Also, all the methods of input-output of fiat from cards and accounts work. Fantasy.
It's simple, just one, two, three.
Enter your e-mail, come up with a password, trade!
The question of reliability remains. Good old Poloniex now belongs to Seychelles offshore. Whether its owner is going to India, for example, with private keys from wallets. How did the founder of the infamous Quadrigacx exchange?
Chinese IT giant Tencent forms a team to study virtual currencies
Chinese Internet giant Tencent has allegedly formed a team to explore new applications for digital currencies, CoinDesk reports citing local media.
According to their information, the company sent notifications to its employees, where it announced the search for a manager for a new unit, which will be part of its payment wing. The team will study the possibilities of using digital currencies on the Tencent payment platform and other commercial scenarios. Also, her tasks will include studying the place of cryptocurrencies in the current regulatory system.
The activities of the group will be aimed at supporting government initiatives in this area. Allegedly, the People's Bank of China sees Tencent as a contender for the role of the issuer of the digital renminbi. Media reports also reported that the new unit will take part in pilot tests of digital currency in Shenzhen.
Tencent did not refute these reports but declined to comment further.
Tencent-controlled WeChat Pay accounts for about 40% of China’s multi-trillion mobile payment industry. Over 900 million people used WeChat Pay in 2017.
In November, the company announced preparations for the launch of its virtual bank to provide financial services using blockchain technology.
Chinese Internet giant Tencent has allegedly formed a team to explore new applications for digital currencies, CoinDesk reports citing local media.
According to their information, the company sent notifications to its employees, where it announced the search for a manager for a new unit, which will be part of its payment wing. The team will study the possibilities of using digital currencies on the Tencent payment platform and other commercial scenarios. Also, her tasks will include studying the place of cryptocurrencies in the current regulatory system.
The activities of the group will be aimed at supporting government initiatives in this area. Allegedly, the People's Bank of China sees Tencent as a contender for the role of the issuer of the digital renminbi. Media reports also reported that the new unit will take part in pilot tests of digital currency in Shenzhen.
Tencent did not refute these reports but declined to comment further.
Tencent-controlled WeChat Pay accounts for about 40% of China’s multi-trillion mobile payment industry. Over 900 million people used WeChat Pay in 2017.
In November, the company announced preparations for the launch of its virtual bank to provide financial services using blockchain technology.
Mati Greenspan: Ripple has a serious competitor in the face of USC
Matum Greenspan, the founder of Quantum Economics, has entered into an argument on Twitter with an army of XRP fans. First, he shared his opinion that he discovered 2 main problems with the XRP token and its price, and then proposed a scenario in which the central bank of each country has its own digital currency (CBDC).
The XRP community immediately began to “preach” about XRP. In response, Mati Greenspan dedicated this opinion to the daily newsletter and talked about the problems that XRP may face in the short term.
XRP community misunderstands
Mati Greenspan refers to his tweet about CBDC and says that the XRP community misunderstood his point of view, but he gives them that, and that’s why he shares yesterday’s newsletter.
“When I tweeted yesterday about the central bank’s digital currencies, I actually talked more about the reluctance of the US dollar to innovate.”
Greenspan was surprised that the army of fans of XRP believes that all central banks will need an “intermediate currency”, believing that it is XRP that is perfect for this role. Mati Greenspan mentions a statement by Bank of England head Mark Carney, who noted that central banks may actually use digital currencies in the future. However, Carney did not speak of XRP as an intermediate currency.
Matum Greenspan, the founder of Quantum Economics, has entered into an argument on Twitter with an army of XRP fans. First, he shared his opinion that he discovered 2 main problems with the XRP token and its price, and then proposed a scenario in which the central bank of each country has its own digital currency (CBDC).
The XRP community immediately began to “preach” about XRP. In response, Mati Greenspan dedicated this opinion to the daily newsletter and talked about the problems that XRP may face in the short term.
XRP community misunderstands
Mati Greenspan refers to his tweet about CBDC and says that the XRP community misunderstood his point of view, but he gives them that, and that’s why he shares yesterday’s newsletter.
“When I tweeted yesterday about the central bank’s digital currencies, I actually talked more about the reluctance of the US dollar to innovate.”
Greenspan was surprised that the army of fans of XRP believes that all central banks will need an “intermediate currency”, believing that it is XRP that is perfect for this role. Mati Greenspan mentions a statement by Bank of England head Mark Carney, who noted that central banks may actually use digital currencies in the future. However, Carney did not speak of XRP as an intermediate currency.
CTO Bitfinex Explains the Nature of an Unknown $ 1 Billion Bitcoin Transfer
Whale Alert's Twitter account this night recorded a move of 123,447 BTC or more than $ 1 billion at the current rate between two unknown wallets.
This event aroused the considerable interest of observers, and some of them even began to suggest that Craig Wright, who is supposed to receive the keys to the multi-billion dollar state in Bitcoin, maybe behind the transfer.
Earlier, the plaintiffs in the case against Wright said that he had complied with the court order and provided a list of bitcoin addresses, however, they still do not have tools to gain access to assets on these wallets.
Paolo Ardoino, technical director of the Bitfinex cryptocurrency exchange, intervened in the discussion, saying that the transfer was initiated by the trading platform in order to replenish the hot wallet.
Wright's lawyers, meanwhile, are asking to reject the plaintiffs' request for a postponement of further legal proceedings for 90 days. They see this as an attempt to delay the proceedings for no apparent reason and note that Wright should submit a dissertation in June, so visiting the court at this time may interfere with his plans.
Bitfinex, in turn, recorded a 40 percent decline in the volume of long positions on Bitcoin since the beginning of the year after reaching maximum levels in December.
In previous days, Whale Alert noted multiple transfers of large amounts of bitcoin from unknown wallets to cryptocurrency exchange wallets, including Coinbase, Bitstamp and Binance. Despite this, the price of bitcoin remains relatively stable after its recent rise and holds above $ 8,600.
Whale Alert's Twitter account this night recorded a move of 123,447 BTC or more than $ 1 billion at the current rate between two unknown wallets.
This event aroused the considerable interest of observers, and some of them even began to suggest that Craig Wright, who is supposed to receive the keys to the multi-billion dollar state in Bitcoin, maybe behind the transfer.
Earlier, the plaintiffs in the case against Wright said that he had complied with the court order and provided a list of bitcoin addresses, however, they still do not have tools to gain access to assets on these wallets.
Paolo Ardoino, technical director of the Bitfinex cryptocurrency exchange, intervened in the discussion, saying that the transfer was initiated by the trading platform in order to replenish the hot wallet.
Wright's lawyers, meanwhile, are asking to reject the plaintiffs' request for a postponement of further legal proceedings for 90 days. They see this as an attempt to delay the proceedings for no apparent reason and note that Wright should submit a dissertation in June, so visiting the court at this time may interfere with his plans.
Bitfinex, in turn, recorded a 40 percent decline in the volume of long positions on Bitcoin since the beginning of the year after reaching maximum levels in December.
In previous days, Whale Alert noted multiple transfers of large amounts of bitcoin from unknown wallets to cryptocurrency exchange wallets, including Coinbase, Bitstamp and Binance. Despite this, the price of bitcoin remains relatively stable after its recent rise and holds above $ 8,600.
LocalBitcoins suspended service for residents of several countries due to EU requirements
An alarming trend, from time to time making itself felt in the centralized elements of the cryptocurrency ecosystem, has received yet another confirmation. According to the BitcoinKE crypto portal, the LocalBitcoins peer-to-peer exchange has limited access for users from several countries.
The message sent to clients contains a list of regions where, in accordance with the requirements of the European Commission, LocalBitcoins decided to implement an “enhanced legal examination process”. It includes Afghanistan, American Samoa, The Bahamas, North Korea, Ethiopia, Ghana, Guam, Iraq, Libya, Nigeria, Pakistan, Panama, Puerto Rico, Samoa, Saudi Arabia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, US Virgin Islands and Yemen.
While residents of some countries on this list were no longer able to use LocalBitcoins due to current international restrictions, others were included in it for the first time.
In addition, users from countries that are not on this list report problems. So, a trader from Uganda confirmed that he, like everyone else, was offered to wait for the introduction of a new account activation process or close it and get their bitcoins.
“At first I noticed that all the offers in GHS for Ghana were completely removed from the site,” said another trader. “Then, trading volumes dropped significantly.”
A number of Twitter users have confirmed that they receive emails of the same content from LocalBitcoins.
Earlier, mandatory verification of users was introduced at LocalBitcoins and the possibility of exchange in person was eliminated. LocalBitcoins, as a Finnish company, has to comply with the Fifth EU Anti-Money Laundering Directive and comply with other applicable requirements.
An alarming trend, from time to time making itself felt in the centralized elements of the cryptocurrency ecosystem, has received yet another confirmation. According to the BitcoinKE crypto portal, the LocalBitcoins peer-to-peer exchange has limited access for users from several countries.
The message sent to clients contains a list of regions where, in accordance with the requirements of the European Commission, LocalBitcoins decided to implement an “enhanced legal examination process”. It includes Afghanistan, American Samoa, The Bahamas, North Korea, Ethiopia, Ghana, Guam, Iraq, Libya, Nigeria, Pakistan, Panama, Puerto Rico, Samoa, Saudi Arabia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, US Virgin Islands and Yemen.
While residents of some countries on this list were no longer able to use LocalBitcoins due to current international restrictions, others were included in it for the first time.
In addition, users from countries that are not on this list report problems. So, a trader from Uganda confirmed that he, like everyone else, was offered to wait for the introduction of a new account activation process or close it and get their bitcoins.
“At first I noticed that all the offers in GHS for Ghana were completely removed from the site,” said another trader. “Then, trading volumes dropped significantly.”
A number of Twitter users have confirmed that they receive emails of the same content from LocalBitcoins.
Earlier, mandatory verification of users was introduced at LocalBitcoins and the possibility of exchange in person was eliminated. LocalBitcoins, as a Finnish company, has to comply with the Fifth EU Anti-Money Laundering Directive and comply with other applicable requirements.
Binance will donate $ 1.5 million to help victims of the coronavirus epidemic in China
Cryptocurrency companies have expressed their willingness to provide assistance to the people of China amid the outbreak of coronavirus 2019-nCoV. So, the Binance exchange will donate 10 million yuan ($ 1.44 million).
“It is unrealistic to transfer money in cryptocurrency to final recipients in Wuhan,” wrote Changpen Zhao, CEO of Binance, in response to a call from Matthew Graham, CEO of Sino Global Capital. - Binance has allocated 10 million yuan to help victims of the coronavirus. We did not advertise this information, but the Binance charity has been active for the past few days. We still need help to organize on-site logistics. ”
Zhao later said that the Binance team has contacted China's largest e-commerce and logistics companies. The exchange ordered about 70,000 medical masks from other countries, but was faced with the fact that all masks were sold out in nearby regions, and so far only 8,000 could be found. The problem of sending them to Wuhan, which became the epicenter of the disease, also remains relevant.
In addition, on January 25, Krypital marketing service announced the launch of a charity initiative to purchase medical supplies. To do this, the company will launch a system on the blockchain, which is supposed to improve the efficiency and transparency of the process.
Previously, Binance collected donations for the restoration of Notre Dame Cathedral in France, much of which was destroyed by fire.
Cryptocurrency companies have expressed their willingness to provide assistance to the people of China amid the outbreak of coronavirus 2019-nCoV. So, the Binance exchange will donate 10 million yuan ($ 1.44 million).
“It is unrealistic to transfer money in cryptocurrency to final recipients in Wuhan,” wrote Changpen Zhao, CEO of Binance, in response to a call from Matthew Graham, CEO of Sino Global Capital. - Binance has allocated 10 million yuan to help victims of the coronavirus. We did not advertise this information, but the Binance charity has been active for the past few days. We still need help to organize on-site logistics. ”
Zhao later said that the Binance team has contacted China's largest e-commerce and logistics companies. The exchange ordered about 70,000 medical masks from other countries, but was faced with the fact that all masks were sold out in nearby regions, and so far only 8,000 could be found. The problem of sending them to Wuhan, which became the epicenter of the disease, also remains relevant.
In addition, on January 25, Krypital marketing service announced the launch of a charity initiative to purchase medical supplies. To do this, the company will launch a system on the blockchain, which is supposed to improve the efficiency and transparency of the process.
Previously, Binance collected donations for the restoration of Notre Dame Cathedral in France, much of which was destroyed by fire.
Twitter Added New Bitcoin Emoji, Next Step For Unicode
Twitter CEO and major Bitcoin supporter Jack Dorsey posted a message on his account in which he introduced a new emoji for the first cryptocurrency. Also, the symbol of bitcoin Dorsey posted in the description of his profile on Twitter.
From now on, the bitcoin symbol will always appear on Twitter when the user uses the hash tag and adds the word “bitcoin” or “BTC” after it.
In the message, Dorsey also mentions the Unicode character encoding standard, thus urging its creators to follow the Twitter example and introduce a special character for bitcoin.
The new feature has generated significant interest from community members. For example, TRON blockchain project director Justin Sun, Binance exchange CEO Changpen Zhao, and Lightning Labs co-founder Elizabeth Stark, who also asked if anyone had sent a proposal to add a character to Unicode, had already decided to use it.
Twitter CEO and major Bitcoin supporter Jack Dorsey posted a message on his account in which he introduced a new emoji for the first cryptocurrency. Also, the symbol of bitcoin Dorsey posted in the description of his profile on Twitter.
From now on, the bitcoin symbol will always appear on Twitter when the user uses the hash tag and adds the word “bitcoin” or “BTC” after it.
In the message, Dorsey also mentions the Unicode character encoding standard, thus urging its creators to follow the Twitter example and introduce a special character for bitcoin.
The new feature has generated significant interest from community members. For example, TRON blockchain project director Justin Sun, Binance exchange CEO Changpen Zhao, and Lightning Labs co-founder Elizabeth Stark, who also asked if anyone had sent a proposal to add a character to Unicode, had already decided to use it.
Altsbit crypto exchange closes after breaking its wallets
Altsbit cryptocurrency exchange, which suffered from a hacker attack last week, announced its closure.
Initially, it was reported that “almost all assets in BTC, ETH, ARRR, and VRSC were stolen”. In an update on his website, Altsbit writes: “Fortunately, a decent portion of the coins were in cold storage.” These funds will be used to pay partial compensation to users.
Total was stolen:
- Bitcoin (BTC) - 6,929 out of 14,782;
- Ethereum (ETH) - 23,210 of 32,262;
- Pirate Chain (ARRR) - 3 924 082 of 9 619 754;
- Verus Coin (VRSC) - 414 154 out of 852,726;
- Komodo (KMD) - 1,066 out of 48,015.
Users holding funds in the specified cryptocurrencies should contact the exchange for compensation. The payment will begin on February 10 and will last until May 8, after which the platform will completely stop its work, and a refund will not be possible.
Responsibility for what happened was allegedly claimed by the hacker group LulzSec. “We guarantee that Altsbit did not have sufficient precautions. Next in line are many more. Notification for exchanges: Better increase security, ”she wrote on Twitter.
Earlier, LulzSec was associated with several high-profile hacks, including Sony Pictures in 2011. Several of its members were arrested.
Altsbit cryptocurrency exchange, which suffered from a hacker attack last week, announced its closure.
Initially, it was reported that “almost all assets in BTC, ETH, ARRR, and VRSC were stolen”. In an update on his website, Altsbit writes: “Fortunately, a decent portion of the coins were in cold storage.” These funds will be used to pay partial compensation to users.
Total was stolen:
- Bitcoin (BTC) - 6,929 out of 14,782;
- Ethereum (ETH) - 23,210 of 32,262;
- Pirate Chain (ARRR) - 3 924 082 of 9 619 754;
- Verus Coin (VRSC) - 414 154 out of 852,726;
- Komodo (KMD) - 1,066 out of 48,015.
Users holding funds in the specified cryptocurrencies should contact the exchange for compensation. The payment will begin on February 10 and will last until May 8, after which the platform will completely stop its work, and a refund will not be possible.
Responsibility for what happened was allegedly claimed by the hacker group LulzSec. “We guarantee that Altsbit did not have sufficient precautions. Next in line are many more. Notification for exchanges: Better increase security, ”she wrote on Twitter.
Earlier, LulzSec was associated with several high-profile hacks, including Sony Pictures in 2011. Several of its members were arrested.
Ex-NASDAQ and Visa employees will make crypto trading more profitable
Ex-employees of NASDAQ, Visa, Morgan Stenley and several other companies have joined forces to solve the problem of price disruptions in the global digital asset market, CoinDesk reports.
The project is called Apifiny. Its development, according to representatives of the initiative, has been ongoing for 18 months. As part of the project, experts built the ExOne platform, which is focused on solving the problems of low liquidity of digital asset exchanges.
According to the developers, when building the site, technical solutions were borrowed from the classic market. A number of traditional solutions, despite their application in the off-chain format, present certain advantages for working in the world of digital assets.
“These marketplaces are highly fragmented and surprisingly inefficient. If an investor goes to one marketplace, the application that he sees on it can be very different from another - presented at an alternative marketplace. ” - commented on the problems of modern trading floors focused on digital assets, the former vice chairman of NASDAQ David Wilde, also involved in the construction of the project.
According to the expert, the discrepancy of information in applications may become an obstacle for investors who are accustomed to gaining access to relatively stable quotes in the consolidated market. Bitcoin and other cryptocurrencies, as noted by David Wilde, do not have a similar price consistency; Real-time bets can vary by thousands of dollars from one market to another.
The problem of the difference in the data provided to crypto investors, in his opinion, is that the buyer risks agreeing to a deal that is obviously unprofitable for him (in the absence of all the necessary information).
Using technical solutions ExOne specialists intend to eliminate the problems presented. The result of the work of the project team should be the possibility of organizing more interconnected and consolidated trade.
A number of specialists who previously held high positions in large companies are working on the project. The latter include former director of retail operations at Morgan Stanley, former head of design at Kraken Connie Wong, and former head of Visa's global network product support division, Ben Rab.
Recall, it became known earlier that JPMorgan initiated a discussion on the possibility of merging with the Ethereum startup ConsenSys.
Ex-employees of NASDAQ, Visa, Morgan Stenley and several other companies have joined forces to solve the problem of price disruptions in the global digital asset market, CoinDesk reports.
The project is called Apifiny. Its development, according to representatives of the initiative, has been ongoing for 18 months. As part of the project, experts built the ExOne platform, which is focused on solving the problems of low liquidity of digital asset exchanges.
According to the developers, when building the site, technical solutions were borrowed from the classic market. A number of traditional solutions, despite their application in the off-chain format, present certain advantages for working in the world of digital assets.
“These marketplaces are highly fragmented and surprisingly inefficient. If an investor goes to one marketplace, the application that he sees on it can be very different from another - presented at an alternative marketplace. ” - commented on the problems of modern trading floors focused on digital assets, the former vice chairman of NASDAQ David Wilde, also involved in the construction of the project.
According to the expert, the discrepancy of information in applications may become an obstacle for investors who are accustomed to gaining access to relatively stable quotes in the consolidated market. Bitcoin and other cryptocurrencies, as noted by David Wilde, do not have a similar price consistency; Real-time bets can vary by thousands of dollars from one market to another.
The problem of the difference in the data provided to crypto investors, in his opinion, is that the buyer risks agreeing to a deal that is obviously unprofitable for him (in the absence of all the necessary information).
Using technical solutions ExOne specialists intend to eliminate the problems presented. The result of the work of the project team should be the possibility of organizing more interconnected and consolidated trade.
A number of specialists who previously held high positions in large companies are working on the project. The latter include former director of retail operations at Morgan Stanley, former head of design at Kraken Connie Wong, and former head of Visa's global network product support division, Ben Rab.
Recall, it became known earlier that JPMorgan initiated a discussion on the possibility of merging with the Ethereum startup ConsenSys.
Binance reports on adding support for 15 fiat currencies through Simplex service
Binance Exchange this Friday announced the addition of support for 15 fiat currencies as part of a plan to increase the availability of digital assets.
The integration was carried out through the Israeli service Simplex. Thanks to this, support for new fiat currencies appeared on Binance and the possibilities for depositing in previously available ones were expanded, including the Russian ruble, Swiss franc, Korean won, Australian dollar, Polish zloty, and South African rand.
All fiat currencies presented will be available for an exchange for the main crypto assets, for example, Bitcoin, Ethereum, XRP, as well as partially among themselves.
According to CoinDesk, fiat currencies account for a small share in the total trading volume of Binance. The average trading volume of the platform over 30 days amounted to $ 3.55 billion, of which $ 3.5 million fell on pairs with fiat. The vast majority of this volume falls on the US dollar.
Binance began working with Simplex in January 2019, allowing users to purchase cryptocurrencies using bank cards for euros, US and Canadian dollars, as well as Japanese yen.
The standard commission for a transaction through Simplex is quite large: it is 7% and may vary depending on the size of the payment. Binance declares that if the user uses the same currency that is offered by the service, he will not be charged a 2-3% fee for conversion, which is used in some other deposit methods.
Also today, KuCoin exchange added support for the Russian ruble through Simplex.
Binance Exchange this Friday announced the addition of support for 15 fiat currencies as part of a plan to increase the availability of digital assets.
The integration was carried out through the Israeli service Simplex. Thanks to this, support for new fiat currencies appeared on Binance and the possibilities for depositing in previously available ones were expanded, including the Russian ruble, Swiss franc, Korean won, Australian dollar, Polish zloty, and South African rand.
All fiat currencies presented will be available for an exchange for the main crypto assets, for example, Bitcoin, Ethereum, XRP, as well as partially among themselves.
According to CoinDesk, fiat currencies account for a small share in the total trading volume of Binance. The average trading volume of the platform over 30 days amounted to $ 3.55 billion, of which $ 3.5 million fell on pairs with fiat. The vast majority of this volume falls on the US dollar.
Binance began working with Simplex in January 2019, allowing users to purchase cryptocurrencies using bank cards for euros, US and Canadian dollars, as well as Japanese yen.
The standard commission for a transaction through Simplex is quite large: it is 7% and may vary depending on the size of the payment. Binance declares that if the user uses the same currency that is offered by the service, he will not be charged a 2-3% fee for conversion, which is used in some other deposit methods.
Also today, KuCoin exchange added support for the Russian ruble through Simplex.
Ripple IPO will help increase the price of XRP
At the World Economic Forum in Davos the other day, Ripple CEO Brad Garlinghouse said many cryptocurrency firms are likely to have an IPO this year. He also said that Ripple would be among them. Also, Garlinghouse expects his company to be a winner. Some began to express their doubts on Twitter that the upcoming IPO of the giant Ripple would be beneficial for the price of XRP and for those who invested in this coin. However, some in the XRP community is positive about this news, believing that XRP investors will benefit from it. “IPO Ripple will help increase the price of XRP” An XRP supporter, known on Twitter as “Steven Bull From the Diep” (about 15.5 thousand subscribers), is one of those who support the idea of Ripple going public. In a recent tweet, he outlines several specific reasons why he believes that publicly placing Ripple will increase the price of XRP. He believes that Ripple will receive more funds to expand its network, hire the best talents and solve real problems that only XRP can handle. IPO Ripple Survey Investor @XrpMr has offered its subscribers a survey regarding the announced IPO Ripple. He invites the community to express their views on whether they think the IPO will be good for XRP, bad for him, or they can also say “I have no idea.”
At the moment, about 4,500 people have voted. 65.9 percent believe that the IPO will positively affect the market value of the XRP coin. 13.6 percent believe that the price of XRP will not rise after it. Just over 20 percent chose the option “I have no idea.”
At the World Economic Forum in Davos the other day, Ripple CEO Brad Garlinghouse said many cryptocurrency firms are likely to have an IPO this year. He also said that Ripple would be among them. Also, Garlinghouse expects his company to be a winner. Some began to express their doubts on Twitter that the upcoming IPO of the giant Ripple would be beneficial for the price of XRP and for those who invested in this coin. However, some in the XRP community is positive about this news, believing that XRP investors will benefit from it. “IPO Ripple will help increase the price of XRP” An XRP supporter, known on Twitter as “Steven Bull From the Diep” (about 15.5 thousand subscribers), is one of those who support the idea of Ripple going public. In a recent tweet, he outlines several specific reasons why he believes that publicly placing Ripple will increase the price of XRP. He believes that Ripple will receive more funds to expand its network, hire the best talents and solve real problems that only XRP can handle. IPO Ripple Survey Investor @XrpMr has offered its subscribers a survey regarding the announced IPO Ripple. He invites the community to express their views on whether they think the IPO will be good for XRP, bad for him, or they can also say “I have no idea.”
At the moment, about 4,500 people have voted. 65.9 percent believe that the IPO will positively affect the market value of the XRP coin. 13.6 percent believe that the price of XRP will not rise after it. Just over 20 percent chose the option “I have no idea.”
Norwegian Air may start selling tickets for cryptocurrency this spring
Clients of one of the largest airlines in Europe Norwegian Air will soon be able to pay with cryptocurrency. This was in a conversation with a local publication by the CEO of the Norwegian Block Exchange (NBX), Stig Kjos-Mathisen, whose trading platform developed a payment solution for the airline.
“Everything is ready for us,” he said. NBX will provide access to the system to customers this year, perhaps already in early spring.
Chios-Mathisen is the son-in-law of Björn Chios, founder and CEO of Norwegian Air. Since the launch of NBX in 2019, they have planned to use the exchange infrastructure in the sale of airline tickets.
In September, one of Norway's oldest banks acquired 16.3% in NBX, presumably for $ 1.6 million. The beta version of the exchange for a limited number of customers was launched in September, and now it is ready to accept new users.
Norwegian Air Shuttle was founded in 1993. It is the largest airline in Scandinavia and the third largest low-cost airline in Europe.
What cryptocurrencies will be accepted for paying for tickets is unknown. According to media reports, the son of the founder of Norwegian Air, Lars Ola Kyos, acquired Bitcoins for $ 400,000 in 2017, shortly before reaching a maximum price.
Clients of one of the largest airlines in Europe Norwegian Air will soon be able to pay with cryptocurrency. This was in a conversation with a local publication by the CEO of the Norwegian Block Exchange (NBX), Stig Kjos-Mathisen, whose trading platform developed a payment solution for the airline.
“Everything is ready for us,” he said. NBX will provide access to the system to customers this year, perhaps already in early spring.
Chios-Mathisen is the son-in-law of Björn Chios, founder and CEO of Norwegian Air. Since the launch of NBX in 2019, they have planned to use the exchange infrastructure in the sale of airline tickets.
In September, one of Norway's oldest banks acquired 16.3% in NBX, presumably for $ 1.6 million. The beta version of the exchange for a limited number of customers was launched in September, and now it is ready to accept new users.
Norwegian Air Shuttle was founded in 1993. It is the largest airline in Scandinavia and the third largest low-cost airline in Europe.
What cryptocurrencies will be accepted for paying for tickets is unknown. According to media reports, the son of the founder of Norwegian Air, Lars Ola Kyos, acquired Bitcoins for $ 400,000 in 2017, shortly before reaching a maximum price.
The virtual world of Decentraland on the Ethereum blockchain launched two and a half years after the ICO
The virtual world of Decentraland, the participants of which are invited to buy land and property on the blockchain for real money, started on Thursday after two and a half years in development. The project raised $ 24 million during an ICO in 2017.
According to Bloomberg, many MANA token holders now seek to profit from trading goods and services in the virtual community. Since the beginning of the year, the price of the token has doubled, as compared to the ICO price, however, it is still significantly lower than the highs of 2018.
According to the NonFungible data tracker, virtual land is also in demand - the amount of transactions has already exceeded $ 1 million. As a result, Decentraland's assets have become the most reversible non-interchangeable token (NFT) on the Ethereum blockchain. Unlike centralized games and virtual worlds, where the service operator is the owner of the items, in Decentraland the ownership of each participant is fixed in the Ethereum blockchain using NFT tokens, which they control themselves.
With the launch of Decentraland, users were given access to a set of development tools for creating interactive 3D scenes on their land without the need to write code. A marketplace has also been launched where users can trade LAND NFT tokens.
Decentraland is managed by a decentralized autonomous organization that owns assets for settlements with developers and public lands, such as roads and squares.
Decentraland spent about half of the funds raised through the ICO to pay for the services of more than 30 developers who were preparing the project for launch. Today, thousands of participants, including dozens of creative studios, create content in the virtual world, more than a third of which have already been built up, Bloomberg writes.
“We see that land close to our content is already growing in value. Recently, many people wanted to build nearby, ”said Polygonal Mind CEO Daniel Garcia, whose company creates arcade games, art galleries, shops and transportation systems for Decentraland landowners.
The virtual world of Decentraland, the participants of which are invited to buy land and property on the blockchain for real money, started on Thursday after two and a half years in development. The project raised $ 24 million during an ICO in 2017.
According to Bloomberg, many MANA token holders now seek to profit from trading goods and services in the virtual community. Since the beginning of the year, the price of the token has doubled, as compared to the ICO price, however, it is still significantly lower than the highs of 2018.
According to the NonFungible data tracker, virtual land is also in demand - the amount of transactions has already exceeded $ 1 million. As a result, Decentraland's assets have become the most reversible non-interchangeable token (NFT) on the Ethereum blockchain. Unlike centralized games and virtual worlds, where the service operator is the owner of the items, in Decentraland the ownership of each participant is fixed in the Ethereum blockchain using NFT tokens, which they control themselves.
With the launch of Decentraland, users were given access to a set of development tools for creating interactive 3D scenes on their land without the need to write code. A marketplace has also been launched where users can trade LAND NFT tokens.
Decentraland is managed by a decentralized autonomous organization that owns assets for settlements with developers and public lands, such as roads and squares.
Decentraland spent about half of the funds raised through the ICO to pay for the services of more than 30 developers who were preparing the project for launch. Today, thousands of participants, including dozens of creative studios, create content in the virtual world, more than a third of which have already been built up, Bloomberg writes.
“We see that land close to our content is already growing in value. Recently, many people wanted to build nearby, ”said Polygonal Mind CEO Daniel Garcia, whose company creates arcade games, art galleries, shops and transportation systems for Decentraland landowners.
LocalBitcoins trading volumes hit their lowest levels since 2013
Bitcoin trading volumes on the LocalBitcoins peer-to-peer platform continue to decline and have recently reached a seven-year low.
According to CoinDance, during the week ending February 22, only 3,144 BTC were exchanged through the platform. This value is comparable to June 2013, when the company just started bidding.
After the peak of the crypto market passed, the trading volumes of LocalBitcoins began to grow slightly at the beginning of 2019, however, the company made several less popular decisions, which forced many users to turn their backs on it. Last year, LocalBitcoins eliminated the possibility of exchanging cryptocurrencies in person, which was one of the most valuable features of the platform. Later, user identification requirements were tightened.
At the same time, competition in the retail OTC retail space is becoming increasingly fierce. Another major player is the Paxful platform. Binance Exchange is also developing its own peer-to-peer trading business. Recently, she launched P2P trading in the web version of the Binance.com trading platform, previously adding support for the Russian ruble.
Demand for LocalBitcoins services remains high in selected markets experiencing difficult economic conditions, such as Argentina and Venezuela. Argentina updated its own record when converted to local currency in December and has not slowed down since then. At the same time, at least part of the activity in Latin America is associated with the activities of local crime syndicates.
Bitcoin trading volumes on the LocalBitcoins peer-to-peer platform continue to decline and have recently reached a seven-year low.
According to CoinDance, during the week ending February 22, only 3,144 BTC were exchanged through the platform. This value is comparable to June 2013, when the company just started bidding.
After the peak of the crypto market passed, the trading volumes of LocalBitcoins began to grow slightly at the beginning of 2019, however, the company made several less popular decisions, which forced many users to turn their backs on it. Last year, LocalBitcoins eliminated the possibility of exchanging cryptocurrencies in person, which was one of the most valuable features of the platform. Later, user identification requirements were tightened.
At the same time, competition in the retail OTC retail space is becoming increasingly fierce. Another major player is the Paxful platform. Binance Exchange is also developing its own peer-to-peer trading business. Recently, she launched P2P trading in the web version of the Binance.com trading platform, previously adding support for the Russian ruble.
Demand for LocalBitcoins services remains high in selected markets experiencing difficult economic conditions, such as Argentina and Venezuela. Argentina updated its own record when converted to local currency in December and has not slowed down since then. At the same time, at least part of the activity in Latin America is associated with the activities of local crime syndicates.
Bitcoin drops below $ 7,700 amid a collapse in global financial markets
The price of bitcoin has reached a new local minimum below $ 7,700 at the same time as the resumption of a downward movement in global financial markets.
At the time of publication, Bitcoin is trading around $ 8,000, shortly before being at $ 7,684.70 paired with Bitstamp. During the day, the decrease was 10%.
The fall of cryptocurrency occurs simultaneously with a sharp decline in traditional markets. March 9, trading in Brent oil opened with a collapse of more than 30%. Such bidders have not seen since 1991. Asian stocks went down for oil. In addition, Dow Jones Industrial Average futures fell by 4.2%, S&P 500 futures - by 4.5%, Nasdaq Composite futures - by 4.4%. In the Forex markets, the dollar soared to 73 rubles, the euro - to 83 rubles.
At the same time, a steady increase in the amount of computing power and mining complexity continues to be observed in the bitcoin network. The next recount of complexity will take place in 4 hours. According to estimates, the value will reach a new maximum, rising by more than 7%. Poolin mining pool data indicates that some popular miners, such as AntMiner S9 and Avalon 851, at the current price of bitcoin and competition, are no longer profitable for many owners and can be disabled.
The index of greed and fear of crypto investors for the first time since the end of last year dropped to mark 17, which corresponds to the description of "extraordinary level of fear."
Global finance expert and eternal adversary of bitcoin Nuriel Rubini, commenting on today's market movements, writes: “Bitcoin has declined by 8%, more than global capital. This is another confirmation that Bitcoin is not a good hedge against high-risk assets when market participants seek to get rid of risks. In fact, in such periods, it falls more than high-risk assets. ”
Most altcoins lose 10-15% each. The exceptions among the largest market assets were Chainlink and Bitfinex UNUS SED LEO's own token - they are still kept in the green zone.
The segment's capitalization fell to $ 225 billion. Over the past two days, it has decreased by 15%.
The price of bitcoin has reached a new local minimum below $ 7,700 at the same time as the resumption of a downward movement in global financial markets.
At the time of publication, Bitcoin is trading around $ 8,000, shortly before being at $ 7,684.70 paired with Bitstamp. During the day, the decrease was 10%.
The fall of cryptocurrency occurs simultaneously with a sharp decline in traditional markets. March 9, trading in Brent oil opened with a collapse of more than 30%. Such bidders have not seen since 1991. Asian stocks went down for oil. In addition, Dow Jones Industrial Average futures fell by 4.2%, S&P 500 futures - by 4.5%, Nasdaq Composite futures - by 4.4%. In the Forex markets, the dollar soared to 73 rubles, the euro - to 83 rubles.
At the same time, a steady increase in the amount of computing power and mining complexity continues to be observed in the bitcoin network. The next recount of complexity will take place in 4 hours. According to estimates, the value will reach a new maximum, rising by more than 7%. Poolin mining pool data indicates that some popular miners, such as AntMiner S9 and Avalon 851, at the current price of bitcoin and competition, are no longer profitable for many owners and can be disabled.
The index of greed and fear of crypto investors for the first time since the end of last year dropped to mark 17, which corresponds to the description of "extraordinary level of fear."
Global finance expert and eternal adversary of bitcoin Nuriel Rubini, commenting on today's market movements, writes: “Bitcoin has declined by 8%, more than global capital. This is another confirmation that Bitcoin is not a good hedge against high-risk assets when market participants seek to get rid of risks. In fact, in such periods, it falls more than high-risk assets. ”
Most altcoins lose 10-15% each. The exceptions among the largest market assets were Chainlink and Bitfinex UNUS SED LEO's own token - they are still kept in the green zone.
The segment's capitalization fell to $ 225 billion. Over the past two days, it has decreased by 15%.
Bitcoin price holds above $ 5k amid the widespread stock market decline
On Tuesday, March 16, the price of bitcoin was above the level of $ 5000, while the US stock market saw its worst day since 1987. Traditional markets closed 13% lower than the day before, but the main cryptocurrency calmly continued its lateral movement.
The price of bitcoin moves inside a narrow channel, limited by resistance at the level of $ 5600- $ 5750 and support around $ 4800- $ 4900.
The 4-hour chart shows a clear bullish divergence, which implies the formation of the bottom in the short term and the impulsive price increase. However, for the formation of a trend reversal, a similar divergence should appear on older timeframes, that is, on the daily chart. Another sign of an imminent reversal may be testing lower levels and the formation of a double bottom on low timeframes.
Recently, there has been a massive sale on the stock market, which leads to the fact that the index of fear and greed has reached an extreme value. Traders and investors are already comparing the recent collapse with the legendary market corrections that took place in 1929, 1987 and 2000.
There is a sale of shares at a discount of 30-40%, with individual shares falling by about 70%.
History knows such landslides. Coronavirus, of course, is a unique case, however, markets tend to move according to a certain pattern, which is associated with human psychology.
When the bubbles burst, the initial drop is usually between 35-50%, after which a rebound is observed. This bounce is often called the “dead cat jump” or the “bull trap” that makes investors believe that everything is working out.
Historical data show similar movements. During the 2000 Dot.com bubble, the Nasdaq 100 index fell 40%, after which an upward momentum was observed for 3-4 months.
In January 2018, Bitcoin showed a similar drop immediately after its bubble burst in December 2017. The price fell from $ 19700 to $ 10800, which corresponds to a decrease of 45% from the beginning of the year. After that, bitcoin rose from $ 10800 to $ 17000 before the bearish trend continued.
Since the stock market already has a sale within 30-40% and a bearish bearish momentum is observed, it will not be surprising if a rebound occurs in the coming weeks. Such short-term growth in the stock market will allow the cryptocurrency market to turn green.
This assumption is supported by the fact that recently all markets have shown a positive correlation with each other. Gold and bitcoin fell significantly, due to the fact that investors sought liquidity in order to cover losses in the stock market.
Of course, all this does not prove that the cryptocurrency market has reached its bottom. However, bullish divergence allows us to expect a short-term rally, the main objectives of which will be the levels of $ 5600- $ 5800 and $ 6000-6100. If these zones are not overcome, then we should expect to test of the lower support levels located in the region of $ 4800, $ 4200 or even $ 3750.
Bottom formation takes time, and in the current economic instability, it is impossible to predict how long this period will last and when the coronavirus will eventually leave the stage.
On Tuesday, March 16, the price of bitcoin was above the level of $ 5000, while the US stock market saw its worst day since 1987. Traditional markets closed 13% lower than the day before, but the main cryptocurrency calmly continued its lateral movement.
The price of bitcoin moves inside a narrow channel, limited by resistance at the level of $ 5600- $ 5750 and support around $ 4800- $ 4900.
The 4-hour chart shows a clear bullish divergence, which implies the formation of the bottom in the short term and the impulsive price increase. However, for the formation of a trend reversal, a similar divergence should appear on older timeframes, that is, on the daily chart. Another sign of an imminent reversal may be testing lower levels and the formation of a double bottom on low timeframes.
Recently, there has been a massive sale on the stock market, which leads to the fact that the index of fear and greed has reached an extreme value. Traders and investors are already comparing the recent collapse with the legendary market corrections that took place in 1929, 1987 and 2000.
There is a sale of shares at a discount of 30-40%, with individual shares falling by about 70%.
History knows such landslides. Coronavirus, of course, is a unique case, however, markets tend to move according to a certain pattern, which is associated with human psychology.
When the bubbles burst, the initial drop is usually between 35-50%, after which a rebound is observed. This bounce is often called the “dead cat jump” or the “bull trap” that makes investors believe that everything is working out.
Historical data show similar movements. During the 2000 Dot.com bubble, the Nasdaq 100 index fell 40%, after which an upward momentum was observed for 3-4 months.
In January 2018, Bitcoin showed a similar drop immediately after its bubble burst in December 2017. The price fell from $ 19700 to $ 10800, which corresponds to a decrease of 45% from the beginning of the year. After that, bitcoin rose from $ 10800 to $ 17000 before the bearish trend continued.
Since the stock market already has a sale within 30-40% and a bearish bearish momentum is observed, it will not be surprising if a rebound occurs in the coming weeks. Such short-term growth in the stock market will allow the cryptocurrency market to turn green.
This assumption is supported by the fact that recently all markets have shown a positive correlation with each other. Gold and bitcoin fell significantly, due to the fact that investors sought liquidity in order to cover losses in the stock market.
Of course, all this does not prove that the cryptocurrency market has reached its bottom. However, bullish divergence allows us to expect a short-term rally, the main objectives of which will be the levels of $ 5600- $ 5800 and $ 6000-6100. If these zones are not overcome, then we should expect to test of the lower support levels located in the region of $ 4800, $ 4200 or even $ 3750.
Bottom formation takes time, and in the current economic instability, it is impossible to predict how long this period will last and when the coronavirus will eventually leave the stage.
Correlation between Bitcoin and S&P 500 reaches two-year high - Santiment Analysts
https://twitter.com/santimentfeed/status/1241041938444251140
Analysts have linked the strengthening of BTC and the stock indicator with a crisis that hit the global economy.
Traditional markets now mainly show negative dynamics. The weakening of business activity was the result of a panic in the camp of investors caused by the spread of coronavirus. Even the collapse in energy prices did not force the global economy to move to growth.
Researchers believe that in the face of uncertainty, many players prefer to invest capital as carefully and evenly as possible. That is why we are seeing an increase in the correlation between the first cryptocurrency and one of the leading business activity indices.
https://twitter.com/santimentfeed/status/1241041938444251140
Analysts have linked the strengthening of BTC and the stock indicator with a crisis that hit the global economy.
Traditional markets now mainly show negative dynamics. The weakening of business activity was the result of a panic in the camp of investors caused by the spread of coronavirus. Even the collapse in energy prices did not force the global economy to move to growth.
Researchers believe that in the face of uncertainty, many players prefer to invest capital as carefully and evenly as possible. That is why we are seeing an increase in the correlation between the first cryptocurrency and one of the leading business activity indices.
Digital dollar expelled from coronavirus pandemic bill
The digital dollar was excluded from the latest version of the bill aimed at stimulating the American economy against the backdrop of the coronavirus pandemic.
Earlier, the US Democratic Party planned to include a digital dollar wallets system in the bill, which will be managed by federal reserve banks. It was assumed that the system will be used to make payments to residents of the United States who meet certain criteria.
The updated version of the bill “On Supporting Workers and Families” already has 1,400 pages, but the digital dollar clause was removed from it. This scenario has already been allowed, because the creation of a digital dollar raises a number of questions, including the need to develop appropriate infrastructure.
The previous version of the document said that payments can be made not in digital dollars, but using checks. This part of the bill has also been amended, since it is now planned to implement an advance tax refund through the Ministry of Finance.
The regulation on the digital dollar is still contained in another bill, which is also associated with financial assistance to certain economic entities. However, a source familiar with the situation said that, most likely, information about the digital dollar will be removed from this document.
The digital dollar was excluded from the latest version of the bill aimed at stimulating the American economy against the backdrop of the coronavirus pandemic.
Earlier, the US Democratic Party planned to include a digital dollar wallets system in the bill, which will be managed by federal reserve banks. It was assumed that the system will be used to make payments to residents of the United States who meet certain criteria.
The updated version of the bill “On Supporting Workers and Families” already has 1,400 pages, but the digital dollar clause was removed from it. This scenario has already been allowed, because the creation of a digital dollar raises a number of questions, including the need to develop appropriate infrastructure.
The previous version of the document said that payments can be made not in digital dollars, but using checks. This part of the bill has also been amended, since it is now planned to implement an advance tax refund through the Ministry of Finance.
The regulation on the digital dollar is still contained in another bill, which is also associated with financial assistance to certain economic entities. However, a source familiar with the situation said that, most likely, information about the digital dollar will be removed from this document.