How SEBA is Bridging the Gap between Crypto and Traditional Banking
SEBA Bank is a completely operational bank with a wide range of services; it helps in assisting the gap between crypto and traditional banking. SEBA has been authorized in Switzerland; the bank’s crypto services include trading, asset management, custody, and financing. SEBA’s wallet application, cards, and e-banking enable its clients in converting cryptocurrencies, and traditional investments like bonds, stocks, and foreign exchange.
Background
Earlier, SEBA was known as SEBA Crypto AG; it acquired a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August and started testing its products with selected customers.
SEBA was established in April 2018; it raised CHF 100 million (approx 100.7 million dollars) from investors. Later after five months, it emerged as a licensed bank and securities dealer.
Also, the bank had partnered with Finstar, Julius Bar, Geissbuhler Weber and Partner, Smart trade Technologies, Jaeksoft Sarl, Loomis International, and BPC.
After its humble beginning, currently, SEBA acknowledges institutional and private professional customers from Hong Kong, Singapore, Italy, UK, France, Germany, Portugal, Austria, and the Netherlands.
Services Offered
Since its establishment, SEBA Bank has invested widely in the development of the latest technologies and also security. Secured custody of digital assets is an important success factor for this bank.
Further, SEBA clients can invest in digital and traditional assets, deposit them, trade them and take loans through an integrated interface.
SEBA’s services are focused on professional investors, family organizations, asset managers, banks, and blockchain organizations.
Apart from custody storage, liquidity management, trading, transaction banking, asset and wealth management, the bank has been creating tokenization solutions.
The bank intends to offer the tokenization of precious metals, fiat, and also alternative assets, including commodities, real estate, and art. Also, it will help organizations with security token offerings.
By using the SEBA wallet application, SEBA Card, and e-Banking, clients can manage any five cryptocurrencies such as Bitcoin, Stellar, Ether, Litecoin, Ether classic easily, safely and cost-effectively. They can also convert them online into traditional currencies and vice versa.
SEBA customers in asset management can enter this world through Index Investing. The SEBA Crypto Asset Select Index (SEBAX) is the new index for crypto assets. It is a dynamic, risk-optimized index with a wide market exposure of the crypto-investment market.
The traditional asset classes offered by SEBA include bonds, equities, and foreign exchange. As per the bank, its card can be utilized at 42 million retail locations around the world.
Why is SEBA Preferred?
Earlier in November, the crypto bank introduced its banking services in the nation for banks, pension funds, asset managers, organizations, and professional private investors. It will also offer services to tokenize real assets, investment products, and several others.
Also, limited scopes of services are added explicitly for Swiss blockchain organizations and their employees. SEBA provides these organizations access to a corporate account with a Swiss bank; also SEBA offers accounts and custody for digital and fiat assets.
Wrap up
This financial establishment is bridging the gap between the traditional banking world and the new crypto world, by offering a wide scope of services in the areas of trading, asset management financing, and custody. The tokenization of investment products, primary financing, rights, and real assets are some of the benefits offered by this bank. This entitles SEBA to cover the whole lifecycle of digital resources.
SEBA Bank is a completely operational bank with a wide range of services; it helps in assisting the gap between crypto and traditional banking. SEBA has been authorized in Switzerland; the bank’s crypto services include trading, asset management, custody, and financing. SEBA’s wallet application, cards, and e-banking enable its clients in converting cryptocurrencies, and traditional investments like bonds, stocks, and foreign exchange.
Background
Earlier, SEBA was known as SEBA Crypto AG; it acquired a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August and started testing its products with selected customers.
SEBA was established in April 2018; it raised CHF 100 million (approx 100.7 million dollars) from investors. Later after five months, it emerged as a licensed bank and securities dealer.
Also, the bank had partnered with Finstar, Julius Bar, Geissbuhler Weber and Partner, Smart trade Technologies, Jaeksoft Sarl, Loomis International, and BPC.
After its humble beginning, currently, SEBA acknowledges institutional and private professional customers from Hong Kong, Singapore, Italy, UK, France, Germany, Portugal, Austria, and the Netherlands.
Services Offered
Since its establishment, SEBA Bank has invested widely in the development of the latest technologies and also security. Secured custody of digital assets is an important success factor for this bank.
Further, SEBA clients can invest in digital and traditional assets, deposit them, trade them and take loans through an integrated interface.
SEBA’s services are focused on professional investors, family organizations, asset managers, banks, and blockchain organizations.
Apart from custody storage, liquidity management, trading, transaction banking, asset and wealth management, the bank has been creating tokenization solutions.
The bank intends to offer the tokenization of precious metals, fiat, and also alternative assets, including commodities, real estate, and art. Also, it will help organizations with security token offerings.
By using the SEBA wallet application, SEBA Card, and e-Banking, clients can manage any five cryptocurrencies such as Bitcoin, Stellar, Ether, Litecoin, Ether classic easily, safely and cost-effectively. They can also convert them online into traditional currencies and vice versa.
SEBA customers in asset management can enter this world through Index Investing. The SEBA Crypto Asset Select Index (SEBAX) is the new index for crypto assets. It is a dynamic, risk-optimized index with a wide market exposure of the crypto-investment market.
The traditional asset classes offered by SEBA include bonds, equities, and foreign exchange. As per the bank, its card can be utilized at 42 million retail locations around the world.
Why is SEBA Preferred?
Earlier in November, the crypto bank introduced its banking services in the nation for banks, pension funds, asset managers, organizations, and professional private investors. It will also offer services to tokenize real assets, investment products, and several others.
Also, limited scopes of services are added explicitly for Swiss blockchain organizations and their employees. SEBA provides these organizations access to a corporate account with a Swiss bank; also SEBA offers accounts and custody for digital and fiat assets.
Wrap up
This financial establishment is bridging the gap between the traditional banking world and the new crypto world, by offering a wide scope of services in the areas of trading, asset management financing, and custody. The tokenization of investment products, primary financing, rights, and real assets are some of the benefits offered by this bank. This entitles SEBA to cover the whole lifecycle of digital resources.
Independent Reserve Expands its Trading Services in Singapore
The CEO and Founder of the Sydney based cryptocurrency exchange Independent Reserve, Adrian Przelozny, declared recently that they are expanding their trading services to the users in Singapore.
Further, the residents of Singapore will now be able to purchase, sell, and trade cryptocurrencies via the Independent Reserve Platform. The platform was founded in 2013 and this exchange is a pre-regulation platform known for its highest levels of security.
By expanding in Singapore, the users will now be able to access the trading platform for trading cryptocurrencies. Independent reserve confirmed that the Singaporean dollar trading pairs will now be added to the platform and it will function as an independent entity from Australian based platform.
Independent Reserve had developed an institutional, proprietary grade trading platform, which allows its users to purchase and sell Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and various other digital currencies.
Further, Independent reserve has a powerful presence in New Zealand and Australia, which includes more than 120,000 clients and over 8,000 Self Managed Super Funds (SMSFs). Mr. Adrian remarked that he is excited to offer the platform’s tested, proven, and refined services to a much wider audience covering APAC.
Mr. Adrian Przelozny said,
“Following a number of positive moves by Singaporean regulators, including the introduction of the Payments Services Act by the Monetary Authority of Singapore (MAS), we felt the time was right to make this move. Having worked closely with Australian regulators, and as the only Australian exchange to have insurance on crypto assets, the response we’ve received so far from the Singapore market has been overwhelmingly positive.”
He further added that as part of the expansion process, they would soon be adding the trading pairs of Singaporean dollars in their platform. Furthermore, the cryptocurrency exchange will function under Independent Reserve SG PTE LTD.
Earlier, the exchange had associated with KPMG, which was considered as a world’s first partnership of a leading accounting firm and a cryptocurrency exchange to develop a crypto tax calculator. KPMG’s digital tool plugs directly into the user’s independent reserve account by permitting the traders to calculate necessary tax calculations in their portfolio with just a click of a button.
The exchange announced in February 2019 that it had become Australia’s first cryptocurrency exchange to offer insurance coverage to its customers. According to the exchange, this policy insures against theft or loss of cryptocurrency that is held at the trading account of Independent reserve.
The CEO and Founder of the Sydney based cryptocurrency exchange Independent Reserve, Adrian Przelozny, declared recently that they are expanding their trading services to the users in Singapore.
Further, the residents of Singapore will now be able to purchase, sell, and trade cryptocurrencies via the Independent Reserve Platform. The platform was founded in 2013 and this exchange is a pre-regulation platform known for its highest levels of security.
By expanding in Singapore, the users will now be able to access the trading platform for trading cryptocurrencies. Independent reserve confirmed that the Singaporean dollar trading pairs will now be added to the platform and it will function as an independent entity from Australian based platform.
Independent Reserve had developed an institutional, proprietary grade trading platform, which allows its users to purchase and sell Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and various other digital currencies.
Further, Independent reserve has a powerful presence in New Zealand and Australia, which includes more than 120,000 clients and over 8,000 Self Managed Super Funds (SMSFs). Mr. Adrian remarked that he is excited to offer the platform’s tested, proven, and refined services to a much wider audience covering APAC.
Mr. Adrian Przelozny said,
“Following a number of positive moves by Singaporean regulators, including the introduction of the Payments Services Act by the Monetary Authority of Singapore (MAS), we felt the time was right to make this move. Having worked closely with Australian regulators, and as the only Australian exchange to have insurance on crypto assets, the response we’ve received so far from the Singapore market has been overwhelmingly positive.”
He further added that as part of the expansion process, they would soon be adding the trading pairs of Singaporean dollars in their platform. Furthermore, the cryptocurrency exchange will function under Independent Reserve SG PTE LTD.
Earlier, the exchange had associated with KPMG, which was considered as a world’s first partnership of a leading accounting firm and a cryptocurrency exchange to develop a crypto tax calculator. KPMG’s digital tool plugs directly into the user’s independent reserve account by permitting the traders to calculate necessary tax calculations in their portfolio with just a click of a button.
The exchange announced in February 2019 that it had become Australia’s first cryptocurrency exchange to offer insurance coverage to its customers. According to the exchange, this policy insures against theft or loss of cryptocurrency that is held at the trading account of Independent reserve.
Justin Sun’s TRON Becomes Second-largest DApp Ecosystem
With two major milestones in 2019 – Poloniex and DLive – Justin Sun’s TRON has become the second-largest DApp ecosystem and boasts of almost 1 million active users in 2019.
According to a report published by Dapp.com earlier this week, Justin Sun’s TRON had close to a million active DApp users (out of a total of 1.02 million users) in 2019 and 482 active DApps, officially making it the second-largest DApp ecosystem after Ethereum.
In comparison, Ethereum reported 1.43 million active users (out of a total of 2.33 million users) and 1,129 active DApps.
In terms of volume and transactions, TRON came out far ahead of Ethereum in 2019. It had over 290 million transactions totaling USD 3.41 billion compared to ETH’s 24 million transactions amounting to USD 2.37 billion.
The report went on to label TRON as one of nine top Blockchains to watch out for in 2020.
This significant increase in the number of active users can be attributed to two of TRON’s key ventures last year. Sun’s investment in Poloniex, a US-based crypto asset exchange platform, as well as his acquisition of DLive, the world’s largest decentralized blockchain-based live content streaming platform, under BitTorrent, have boosted TRON’s DApp market.
Notably, TRON’s market continues to depend heavily on the gambling industry. Much like at the beginning of 2019, over three-fourth of active users in the TRON ecosystem used gambling or other high-risk DApps.
However, the report concluded that with TRON’s new acquisitions in 2019, we could see a more diverse user base in the upcoming year.
With two major milestones in 2019 – Poloniex and DLive – Justin Sun’s TRON has become the second-largest DApp ecosystem and boasts of almost 1 million active users in 2019.
According to a report published by Dapp.com earlier this week, Justin Sun’s TRON had close to a million active DApp users (out of a total of 1.02 million users) in 2019 and 482 active DApps, officially making it the second-largest DApp ecosystem after Ethereum.
In comparison, Ethereum reported 1.43 million active users (out of a total of 2.33 million users) and 1,129 active DApps.
In terms of volume and transactions, TRON came out far ahead of Ethereum in 2019. It had over 290 million transactions totaling USD 3.41 billion compared to ETH’s 24 million transactions amounting to USD 2.37 billion.
The report went on to label TRON as one of nine top Blockchains to watch out for in 2020.
This significant increase in the number of active users can be attributed to two of TRON’s key ventures last year. Sun’s investment in Poloniex, a US-based crypto asset exchange platform, as well as his acquisition of DLive, the world’s largest decentralized blockchain-based live content streaming platform, under BitTorrent, have boosted TRON’s DApp market.
Notably, TRON’s market continues to depend heavily on the gambling industry. Much like at the beginning of 2019, over three-fourth of active users in the TRON ecosystem used gambling or other high-risk DApps.
However, the report concluded that with TRON’s new acquisitions in 2019, we could see a more diverse user base in the upcoming year.
Cardano Foundation and ScanTrust Come Together for Proof-of-Concept Integration
In an important development that signifies the growing role of blockchain technology in the distribution and packaging company, Cardano Foundation has decided to collaborate with ScanTrust to provide proof-of-concept integration for the supply chain data project. This is going to open up new avenues of growth for both the organizations as successful implementation will demonstrate the utility of blockchain technology in strengthening the business prospects in the field of supply chain and distribution.
About Cardano Foundation
Cardano Foundation is one of the leading names in the blockchain space and based in Switzerland. Its founder Charles Hoskinson needs no introduction and his expertise in the crypto industry has been established a long time back. Hoskinson is an ex-founder of Ethereum and BitShares and according to his own words, the Cardano Foundation is working towards presenting a well-balanced system for the growth of cryptocurrencies around the globe. The blockchain network of the foundation goes by the name of Cardano and is considered as one of the leading blockchain service providers to a range of companies across the industries.
About ScanTrust
ScanTrust, on the other hand, is in the business of providing smart packaging and supply chain data to organizations in order to reduce the menace of counterfeit products. In other words, the company is working to enhance trust and transparency by eliminating the risk of fake products. By agreeing to integrate proof-of-concept blockchain-enabled solution with Cardano, ScanTrust is looking to strengthen its credentials in the field of providing trusted supply chain data to its clients across industries.
Proof-of-Concept
And in case you are wondering about what is a proof-of-concept, then it is quite easy to understand the term as a pilot project. In most of the technical projects, the feasibility is proved first (before going for full development and implementation) and that is done through the proof-of-concept. Through this process, the practical usability of the project is demonstrated and then only companies involved in the process proceed ahead with the full commercialization of the project.
Conclusion
The development is the right step in the right direction and if both the organizations, i.e., Cardano Foundation and ScanTrust successfully implement this proof of concept and find it good enough to go for full-scale commercialization, it would definitely help to widen the application area of blockchain further.
In an important development that signifies the growing role of blockchain technology in the distribution and packaging company, Cardano Foundation has decided to collaborate with ScanTrust to provide proof-of-concept integration for the supply chain data project. This is going to open up new avenues of growth for both the organizations as successful implementation will demonstrate the utility of blockchain technology in strengthening the business prospects in the field of supply chain and distribution.
About Cardano Foundation
Cardano Foundation is one of the leading names in the blockchain space and based in Switzerland. Its founder Charles Hoskinson needs no introduction and his expertise in the crypto industry has been established a long time back. Hoskinson is an ex-founder of Ethereum and BitShares and according to his own words, the Cardano Foundation is working towards presenting a well-balanced system for the growth of cryptocurrencies around the globe. The blockchain network of the foundation goes by the name of Cardano and is considered as one of the leading blockchain service providers to a range of companies across the industries.
About ScanTrust
ScanTrust, on the other hand, is in the business of providing smart packaging and supply chain data to organizations in order to reduce the menace of counterfeit products. In other words, the company is working to enhance trust and transparency by eliminating the risk of fake products. By agreeing to integrate proof-of-concept blockchain-enabled solution with Cardano, ScanTrust is looking to strengthen its credentials in the field of providing trusted supply chain data to its clients across industries.
Proof-of-Concept
And in case you are wondering about what is a proof-of-concept, then it is quite easy to understand the term as a pilot project. In most of the technical projects, the feasibility is proved first (before going for full development and implementation) and that is done through the proof-of-concept. Through this process, the practical usability of the project is demonstrated and then only companies involved in the process proceed ahead with the full commercialization of the project.
Conclusion
The development is the right step in the right direction and if both the organizations, i.e., Cardano Foundation and ScanTrust successfully implement this proof of concept and find it good enough to go for full-scale commercialization, it would definitely help to widen the application area of blockchain further.
TRON Foundation Comes Forward to Help People Fight Coronavirus
China is facing one of the scariest times of the 21st Century, as the death count increases to more than 130 as on January 28. While the world is shocked at the rapid spread of the newest deadly virus, the crypto community is beginning to the initiative to supply as much medical aid as possible. This time, it is TRON Foundation that has come up with a generous aid to further this novel cause.
TRON Foundation tweeted on Tuesday urging the community members worldwide to lend their support to provide help to the victims of coronavirus.
TRON Chief Justin Sun also tweeted his picture on Twitter, displaying the safety masks that were being dispatched to the city of Wuhan, one of the worst affected regions. The caption reads,
“Fighting #coronavirus! #TRON is on the way! Wuhan, we are with you! Stay strong!”
TRON has followed the footsteps of the Binance Charity Foundation, which has distributed more than 70,000 N95 masks in the affected regions, which are said to offer amole protection from the deadly virus. However, due to sudden outbursts, there’s a huge shortage in supply of these masks, and the need for concerted efforts from the entire crypto is highly felt. Therefore, efforts from TRON is a great sign, and soon, the entire community is likely to join the fight against coronavirus.
In an official post of Medium, TRON mentioned the efforts being taken by the community at large and urged members to join the fight. It further said,
“The community has reacted urgently, and we have already received commitments from various community members from Korea, Singapore, North America, and EU, as well as corporations within the TRON ecosystem including BitTorrent, Poloniex, DLive, and WINk, with more to be confirmed. We are also coordinating with some of the largest logistics companies around the world to help deliver and distribute these supplies as soon as possible to whoever is in need.”
China is facing one of the scariest times of the 21st Century, as the death count increases to more than 130 as on January 28. While the world is shocked at the rapid spread of the newest deadly virus, the crypto community is beginning to the initiative to supply as much medical aid as possible. This time, it is TRON Foundation that has come up with a generous aid to further this novel cause.
TRON Foundation tweeted on Tuesday urging the community members worldwide to lend their support to provide help to the victims of coronavirus.
TRON Chief Justin Sun also tweeted his picture on Twitter, displaying the safety masks that were being dispatched to the city of Wuhan, one of the worst affected regions. The caption reads,
“Fighting #coronavirus! #TRON is on the way! Wuhan, we are with you! Stay strong!”
TRON has followed the footsteps of the Binance Charity Foundation, which has distributed more than 70,000 N95 masks in the affected regions, which are said to offer amole protection from the deadly virus. However, due to sudden outbursts, there’s a huge shortage in supply of these masks, and the need for concerted efforts from the entire crypto is highly felt. Therefore, efforts from TRON is a great sign, and soon, the entire community is likely to join the fight against coronavirus.
In an official post of Medium, TRON mentioned the efforts being taken by the community at large and urged members to join the fight. It further said,
“The community has reacted urgently, and we have already received commitments from various community members from Korea, Singapore, North America, and EU, as well as corporations within the TRON ecosystem including BitTorrent, Poloniex, DLive, and WINk, with more to be confirmed. We are also coordinating with some of the largest logistics companies around the world to help deliver and distribute these supplies as soon as possible to whoever is in need.”
Libra Termed as a Failure by the Swiss Dignitary
Facebook’s highly anticipated stablecoin project, Libra, has now attracted another controversy with the shocking statement given by the Swiss President and Finance Minister, Ueli Maurer. The statement given by the dignitary read that the Libra project has “failed in its current form,” as was reported by Swiss Network SRF on Friday.
The news about the launch of the Libra project was made public in the earlier part of 2019. It was presented as a stablecoin project which will be pegged by a basket of currencies that will ensure the investors with the highest standards of security. However, contrary to the expectation, the project garnered a lot of negative attention from the economic community worldwide as the governments feared the loss of sovereignty of their native currencies. The regulators have criticized Libra, stating that it might nurture illicit activities like terror financing. They have also shown their concerns over the privacy and data protection methodologies followed by Facebook.
The Swiss government leader remarked that Libra would not achieve its expected success streak because its ideology of backing the stablecoin with a basket of currencies, including an array of business entities and non-profit groups, will not be appreciated and accepted by the central banking organizations around the world.
Interestingly, the Libra project, which is slated to mark its entry in the financial market in 2020, has been under constant pressure in the past few months primarily because of the withdrawal of major companies from supporting the project. Globally renowned payment processing firms like PayPal, Stripe, Visa, Mastercard, etc. have pulled their hands from the Libra project against the constant pressure build-up from regulatory bodies in the global marketspace.
Despite all the growing concerns over Libra, the Geneva-based Libra Association, which will serve as the working cradle for the stablecoin project, has always affirmed the genuineness and efficiency of the project. The organization has stated in the past that their Libra project will not affect the sovereignty of the fiat currencies but will allow the Facebook community members to indulge in trading activities at ease.
In October, Mark Zuckerberg confirmed that Libra would not be launched in the marketspace unless it gets a positive nod from all the regulatory authorities. The leader has also revealed the scaling back plans for the stablecoin in case of failure to get the necessary authorizations from the global regulatory authorities.
Facebook’s highly anticipated stablecoin project, Libra, has now attracted another controversy with the shocking statement given by the Swiss President and Finance Minister, Ueli Maurer. The statement given by the dignitary read that the Libra project has “failed in its current form,” as was reported by Swiss Network SRF on Friday.
The news about the launch of the Libra project was made public in the earlier part of 2019. It was presented as a stablecoin project which will be pegged by a basket of currencies that will ensure the investors with the highest standards of security. However, contrary to the expectation, the project garnered a lot of negative attention from the economic community worldwide as the governments feared the loss of sovereignty of their native currencies. The regulators have criticized Libra, stating that it might nurture illicit activities like terror financing. They have also shown their concerns over the privacy and data protection methodologies followed by Facebook.
The Swiss government leader remarked that Libra would not achieve its expected success streak because its ideology of backing the stablecoin with a basket of currencies, including an array of business entities and non-profit groups, will not be appreciated and accepted by the central banking organizations around the world.
Interestingly, the Libra project, which is slated to mark its entry in the financial market in 2020, has been under constant pressure in the past few months primarily because of the withdrawal of major companies from supporting the project. Globally renowned payment processing firms like PayPal, Stripe, Visa, Mastercard, etc. have pulled their hands from the Libra project against the constant pressure build-up from regulatory bodies in the global marketspace.
Despite all the growing concerns over Libra, the Geneva-based Libra Association, which will serve as the working cradle for the stablecoin project, has always affirmed the genuineness and efficiency of the project. The organization has stated in the past that their Libra project will not affect the sovereignty of the fiat currencies but will allow the Facebook community members to indulge in trading activities at ease.
In October, Mark Zuckerberg confirmed that Libra would not be launched in the marketspace unless it gets a positive nod from all the regulatory authorities. The leader has also revealed the scaling back plans for the stablecoin in case of failure to get the necessary authorizations from the global regulatory authorities.
CoinDCX CEO Sumit Gupta Reflects on Crypto Ban in India
The RBI vs. Crypto hearings at the Supreme Court of India drew to an end after heated arguments and a judgment is anticipated to be declared soon.
Ashim Sood, counsel for IAMAI, and Nakul Dewan, counsel representing crypto exchanges CoinDCX, Koinex, Throughbit, and CoinDelta, presented a strong case for how RBI’s directive had made it difficult for exchange platforms to access adequate support from banking institutions and defended their right to operate in India.
Arguing on behalf of the country’s avid crypto community, Dewan addressed the negative impact that the ban had on crypto-based businesses. He argued that cryptocurrencies were merely a medium of exchange, comparable to fiat currencies without the backing of gold.
CoinDCX Co-founder and CEO, Sumit Gupta, reiterated these sentiments. In a statement to CryptoNewsZ, Gupta stated:
“The current banking ban is related to the closing of the restricted provision of financial services provided to crypto businesses, crypto businesses have been allowed to operate independently without support from banking institutions in India.”
In the face of RBI’s directive banning banks from any dealings with cryptocurrencies, the businesses of crypto exchanges have faced numerous challenges. However, even in the face of RBI’s ban, platforms like CoinDCX have continued to provide peer-to-peer services for buying and selling cryptocurrency through INR.
Although CoinDCX operates primarily in India and is recognized as one of India’s most reputable and trustworthy cryptocurrency exchanges, the company is based out of Singapore, which is one of the most crypto-friendly countries in the world.
India has a rapidly growing crypto community and open crypto regulations are vital to ensuring that the emerging crypto sector and grow unhindered while adhering to the laws of the nation.
In the RBI vs. Crypto hearings last week, the Supreme Court judges questioned RBI’s defense on the potential of misuse with cryptocurrencies and highlighted that being an honest contributor to the blockchain ecosystem and working truthfully with the tech was generally more profitable for industry participants than attempting to tamper with it.
The Supreme Court justices not only understood the underlying principles of blockchain and cryptocurrency but also advocated their immutability. This has given India’s crypto community hope that the Court will strike down RBI’s directive and open the nation’s door to cryptocurrency.
Sumit Gupta echoed these views:
“We remain hopeful that the arguments presented will convince the Supreme Court that crypto has a role to play in enabling India’s future growth. The crypto community of India, is prepared to support the government in learning more about the nature of the industry and the profound benefits it can present to the people of India by maintaining open dialogue around this critical issue.”
While the Courts have not indicated when a judgment can be expected, India’s crypto community hopes for a fair and favorable judgment soon.
The RBI vs. Crypto hearings at the Supreme Court of India drew to an end after heated arguments and a judgment is anticipated to be declared soon.
Ashim Sood, counsel for IAMAI, and Nakul Dewan, counsel representing crypto exchanges CoinDCX, Koinex, Throughbit, and CoinDelta, presented a strong case for how RBI’s directive had made it difficult for exchange platforms to access adequate support from banking institutions and defended their right to operate in India.
Arguing on behalf of the country’s avid crypto community, Dewan addressed the negative impact that the ban had on crypto-based businesses. He argued that cryptocurrencies were merely a medium of exchange, comparable to fiat currencies without the backing of gold.
CoinDCX Co-founder and CEO, Sumit Gupta, reiterated these sentiments. In a statement to CryptoNewsZ, Gupta stated:
“The current banking ban is related to the closing of the restricted provision of financial services provided to crypto businesses, crypto businesses have been allowed to operate independently without support from banking institutions in India.”
In the face of RBI’s directive banning banks from any dealings with cryptocurrencies, the businesses of crypto exchanges have faced numerous challenges. However, even in the face of RBI’s ban, platforms like CoinDCX have continued to provide peer-to-peer services for buying and selling cryptocurrency through INR.
Although CoinDCX operates primarily in India and is recognized as one of India’s most reputable and trustworthy cryptocurrency exchanges, the company is based out of Singapore, which is one of the most crypto-friendly countries in the world.
India has a rapidly growing crypto community and open crypto regulations are vital to ensuring that the emerging crypto sector and grow unhindered while adhering to the laws of the nation.
In the RBI vs. Crypto hearings last week, the Supreme Court judges questioned RBI’s defense on the potential of misuse with cryptocurrencies and highlighted that being an honest contributor to the blockchain ecosystem and working truthfully with the tech was generally more profitable for industry participants than attempting to tamper with it.
The Supreme Court justices not only understood the underlying principles of blockchain and cryptocurrency but also advocated their immutability. This has given India’s crypto community hope that the Court will strike down RBI’s directive and open the nation’s door to cryptocurrency.
Sumit Gupta echoed these views:
“We remain hopeful that the arguments presented will convince the Supreme Court that crypto has a role to play in enabling India’s future growth. The crypto community of India, is prepared to support the government in learning more about the nature of the industry and the profound benefits it can present to the people of India by maintaining open dialogue around this critical issue.”
While the Courts have not indicated when a judgment can be expected, India’s crypto community hopes for a fair and favorable judgment soon.
ANALYSIS: RBI vs. Crypto Hearings End; Verdict Pending
As the long and intense legal battle between RBI and Crypto comes to an end, both sides have presented their arguments and await a judgment as to whether RBI’s directive banning banks from dealing with cryptocurrencies was warranted and valid.
Counsel for IAMAI, Ashim Sood, has made a strong case in favor of Crypto freedom in India. He argued that the RBI did not sufficiently prove that VCs had a detrimental impact on the economy. Hence, their preemptive action was not justified.
Sood argued that RBI’s directive failed to address any of the concerns they had regarding cryptocurrencies – especially money laundering and terrorist financing. In fact, their decision to ban banks from dealing in crypto seemed to be taken out of fear of and unfamiliarity with new tech.
Sood added that the directive only served to impact the business of crypto exchanges without affecting the ability of traders to conduct crypto-based transactions.
The Counsel further reiterated that rather than banning an entire channel, the RBI, as well as the legislature, must strive to understand the advantages and disadvantages of digital currencies and hence work towards drafting a regulation to control it effectively.
Sood presented a strong case and was applauded for his efforts by the Supreme Court justices, counsel representing a number of crypto exchanges, Mr. Nakul Dewan, as well as India’s crypto community at large.
On the other hand, RBI counsel maintained that as an expert body charged with protecting India’s monetary policy and sustaining a stable economy, the decision to ringfence cryptocurrencies was absolutely under their domain.
During the course of the hearings, the judges expressed an interest in the merits of cryptocurrencies and sought to understand regulations governing crypto in other countries. In addition to this, Sood’s heated arguments and valid points regarding the limitations of RBI’s authority to take preemptive action in banning a banking channel entirely, indicate that the verdict may tilt in favor of Crypto freedom in India.
As the long and intense legal battle between RBI and Crypto comes to an end, both sides have presented their arguments and await a judgment as to whether RBI’s directive banning banks from dealing with cryptocurrencies was warranted and valid.
Counsel for IAMAI, Ashim Sood, has made a strong case in favor of Crypto freedom in India. He argued that the RBI did not sufficiently prove that VCs had a detrimental impact on the economy. Hence, their preemptive action was not justified.
Sood argued that RBI’s directive failed to address any of the concerns they had regarding cryptocurrencies – especially money laundering and terrorist financing. In fact, their decision to ban banks from dealing in crypto seemed to be taken out of fear of and unfamiliarity with new tech.
Sood added that the directive only served to impact the business of crypto exchanges without affecting the ability of traders to conduct crypto-based transactions.
The Counsel further reiterated that rather than banning an entire channel, the RBI, as well as the legislature, must strive to understand the advantages and disadvantages of digital currencies and hence work towards drafting a regulation to control it effectively.
Sood presented a strong case and was applauded for his efforts by the Supreme Court justices, counsel representing a number of crypto exchanges, Mr. Nakul Dewan, as well as India’s crypto community at large.
On the other hand, RBI counsel maintained that as an expert body charged with protecting India’s monetary policy and sustaining a stable economy, the decision to ringfence cryptocurrencies was absolutely under their domain.
During the course of the hearings, the judges expressed an interest in the merits of cryptocurrencies and sought to understand regulations governing crypto in other countries. In addition to this, Sood’s heated arguments and valid points regarding the limitations of RBI’s authority to take preemptive action in banning a banking channel entirely, indicate that the verdict may tilt in favor of Crypto freedom in India.
Electroneum Joins Hands With Cambodian Firm Cellcard
Taking pride in being the world’s first regulatory compliant and the greenest cryptocurrency, Electroneum has achieved yet another amazing milestone as it has entered into direct partnership with Cambodia-based telecommunications firm, Cellcard. The integration between the two revolutionary platforms will be focused on the successful execution of airtime and data top-ups. Electroneum will also get the golden opportunity to proliferate into the South East Asian region.
According to the official reports, as part of the collaboration, Cellcard has placed Electroneum’s powerful M1 smartphone for sale in many of its shops. The dedicated team of Cellcard and Electroneum will put in their joint efforts in the smoothening crypto adoption process in the South East Asian country while ensuring optimum resources of development to the sixth fastest-spurring economy of the world. Cellcard will aid Electroneum’s objectives to bridge the gap between the global population and the global economy. The reputed platform, Electroneum, strives to bring more and more people under the bracket of economic opportunities by facilitating digital financing.
Electroneum works to achieve its goal by popularizing its native token, ETN. The ETN transactions are validated by NGOs which deliver services aimed towards children’s education and poverty liberation. The platform offers US$3 in ETN on a monthly basis to all its users. In Cambodia, these rewards allow the people to get access to a 21-day Cellcard prepaid plan, including 143 minutes talk time and 2 GB data value.
Being the recipient of some of the world’s most prestigious awards and recognitions, Cellcard is the country’s most trusted telecommunications firm shining with a strong customer base of over 3.2 million subscribers. The award-winning Mobile Network Operator (MNO) has been in the business for more than twenty years and is presently tagged as the firm with the longest tenure run in the country. The revolutionary technological excellence infused with a thorough dedication to offer the best customer experience to its users, Cellcard has been a pioneer in various aspects. In December 2019, the platform was bestowed upon with the title of the “Most Reliable Telecom Operator and Excellence in Telecom Industry” by Global Brand Magazine. It was also showered upon with popular award titles such as “Best Telecommunications Company Cambodia” and “Best Digital Lifestyle Provider Cambodia.”
The official website of Cellcard highlights that the firm ‘is proudly Khmer. Its current strapline framing all ongoing communications and campaigns is that Cellcard is for Everyone Everywhere. That reinforces the strategy of affordable access to mobile data for all in Cambodia.’
Taking pride in being the world’s first regulatory compliant and the greenest cryptocurrency, Electroneum has achieved yet another amazing milestone as it has entered into direct partnership with Cambodia-based telecommunications firm, Cellcard. The integration between the two revolutionary platforms will be focused on the successful execution of airtime and data top-ups. Electroneum will also get the golden opportunity to proliferate into the South East Asian region.
According to the official reports, as part of the collaboration, Cellcard has placed Electroneum’s powerful M1 smartphone for sale in many of its shops. The dedicated team of Cellcard and Electroneum will put in their joint efforts in the smoothening crypto adoption process in the South East Asian country while ensuring optimum resources of development to the sixth fastest-spurring economy of the world. Cellcard will aid Electroneum’s objectives to bridge the gap between the global population and the global economy. The reputed platform, Electroneum, strives to bring more and more people under the bracket of economic opportunities by facilitating digital financing.
Electroneum works to achieve its goal by popularizing its native token, ETN. The ETN transactions are validated by NGOs which deliver services aimed towards children’s education and poverty liberation. The platform offers US$3 in ETN on a monthly basis to all its users. In Cambodia, these rewards allow the people to get access to a 21-day Cellcard prepaid plan, including 143 minutes talk time and 2 GB data value.
Being the recipient of some of the world’s most prestigious awards and recognitions, Cellcard is the country’s most trusted telecommunications firm shining with a strong customer base of over 3.2 million subscribers. The award-winning Mobile Network Operator (MNO) has been in the business for more than twenty years and is presently tagged as the firm with the longest tenure run in the country. The revolutionary technological excellence infused with a thorough dedication to offer the best customer experience to its users, Cellcard has been a pioneer in various aspects. In December 2019, the platform was bestowed upon with the title of the “Most Reliable Telecom Operator and Excellence in Telecom Industry” by Global Brand Magazine. It was also showered upon with popular award titles such as “Best Telecommunications Company Cambodia” and “Best Digital Lifestyle Provider Cambodia.”
The official website of Cellcard highlights that the firm ‘is proudly Khmer. Its current strapline framing all ongoing communications and campaigns is that Cellcard is for Everyone Everywhere. That reinforces the strategy of affordable access to mobile data for all in Cambodia.’
Argent Wallet Revolutionizes Crypto Wallet Industry Through Lucrative Services
Cryptocurrency wallets play a significant role in securing your digital holdings while also facilitating trading in a convenient manner. In simple words, a cryptocurrency wallet is a program or a service which helps in storing the public or private keys of the owners allowing them to control ownership of their assets as well as facilitate receiving or spending of cryptocurrencies. Anyone who keeps oneself brushed up with the latest crypto arena developments is well aware about the importance of crypto wallets. Presently, the crypto market is flooded with an array of variants of digital wallets that compete each other by launching innovative services infused with highest security and operability features.
One of the prominent names in cryptocurrency wallet industry is Argent- a safe, simple, and easy to use wallet, which offers some unprecedented benefits to its customers. The solution takes pride in being a user-controlled wallet rendering the customers to be the sole owners of their digital assets. Designed to offer the best of facilities to the customers, the wallet uses AND security mechanism. The new revolutionary pedagogies used in the wallet are an upgraded version of what other wallet solutions have been using up until now while placing it a notch higher in comparison to others.
Argent wallets have been designed in a way that they cater to the requirements of the customers in the most secure, transparent, and reliable manner. The customers are in full control of their assets stored in the wallet solution as they get the opportunity to lock and unlock their wallets according to their will. The wallet helps the customers to set a daily limit on their assets which helps in keeping track of the assets conveniently. It also helps to manage large volumes of transactions in a hassle-free manner and helps to tackle fraudulent transactions as well.
Prominent Features of Argent Wallet
In case of phone theft/loss
Holding crypto assets in a digital wallet has gained a lot of popularity in the recent times, primarily because of the complexities involved with storing crypto in an exchange or with a custodian. Argent is a smart wallet which frees the customers from the complications of seed phrases, gas prices, and cryptic addresses. The recovery of seed phrase in case of phone theft becomes a major problem for the customers but Argent keeps its customers free from such cumbersome incidences with the help of Ardent Guardians. Argent allows its customers to hold their assets in a smart contract on the blockchain network. The assets can be accessed through the private key stored on the phone. In case of phone theft or loss, Argent Guardians help to recover wallet on a new phone instantly.
A Guardian serves as an account working on the Ethereum blockchain that is granted permission by the customer to help in the recovery of a lost wallet. It can be:
A hardware wallet or another phone owned by the customer
A third-party agent like Argent Guard which uses 2-factor authentication
A person entrusted by the customer
Other Security Features
Argent makes use of the wide range of security features available for both iOS and Android devices, including biometrics, keychain, and six-digit user pin code which helps to encrypt the private key adding more security to the assets.
Apart from these regular features, Argent wallets come studded with an array of distinctive attributes as well that make it a first choice for global customers. The wallet system uses smart contracts to secure the assets. This restricts the attack of any intruder on the customers wallets. It helps in the integration and direct use of DeFi applications in the wallet. The owners of Argent wallets can easily leverage the lending capacities of MakerDAO and Compound Finance seamlessly. Argent’s integration with MakerDAO protocol rendered the customers to withdraw credit directly from the app.
Cryptocurrency wallets play a significant role in securing your digital holdings while also facilitating trading in a convenient manner. In simple words, a cryptocurrency wallet is a program or a service which helps in storing the public or private keys of the owners allowing them to control ownership of their assets as well as facilitate receiving or spending of cryptocurrencies. Anyone who keeps oneself brushed up with the latest crypto arena developments is well aware about the importance of crypto wallets. Presently, the crypto market is flooded with an array of variants of digital wallets that compete each other by launching innovative services infused with highest security and operability features.
One of the prominent names in cryptocurrency wallet industry is Argent- a safe, simple, and easy to use wallet, which offers some unprecedented benefits to its customers. The solution takes pride in being a user-controlled wallet rendering the customers to be the sole owners of their digital assets. Designed to offer the best of facilities to the customers, the wallet uses AND security mechanism. The new revolutionary pedagogies used in the wallet are an upgraded version of what other wallet solutions have been using up until now while placing it a notch higher in comparison to others.
Argent wallets have been designed in a way that they cater to the requirements of the customers in the most secure, transparent, and reliable manner. The customers are in full control of their assets stored in the wallet solution as they get the opportunity to lock and unlock their wallets according to their will. The wallet helps the customers to set a daily limit on their assets which helps in keeping track of the assets conveniently. It also helps to manage large volumes of transactions in a hassle-free manner and helps to tackle fraudulent transactions as well.
Prominent Features of Argent Wallet
In case of phone theft/loss
Holding crypto assets in a digital wallet has gained a lot of popularity in the recent times, primarily because of the complexities involved with storing crypto in an exchange or with a custodian. Argent is a smart wallet which frees the customers from the complications of seed phrases, gas prices, and cryptic addresses. The recovery of seed phrase in case of phone theft becomes a major problem for the customers but Argent keeps its customers free from such cumbersome incidences with the help of Ardent Guardians. Argent allows its customers to hold their assets in a smart contract on the blockchain network. The assets can be accessed through the private key stored on the phone. In case of phone theft or loss, Argent Guardians help to recover wallet on a new phone instantly.
A Guardian serves as an account working on the Ethereum blockchain that is granted permission by the customer to help in the recovery of a lost wallet. It can be:
A hardware wallet or another phone owned by the customer
A third-party agent like Argent Guard which uses 2-factor authentication
A person entrusted by the customer
Other Security Features
Argent makes use of the wide range of security features available for both iOS and Android devices, including biometrics, keychain, and six-digit user pin code which helps to encrypt the private key adding more security to the assets.
Apart from these regular features, Argent wallets come studded with an array of distinctive attributes as well that make it a first choice for global customers. The wallet system uses smart contracts to secure the assets. This restricts the attack of any intruder on the customers wallets. It helps in the integration and direct use of DeFi applications in the wallet. The owners of Argent wallets can easily leverage the lending capacities of MakerDAO and Compound Finance seamlessly. Argent’s integration with MakerDAO protocol rendered the customers to withdraw credit directly from the app.
Bitcoin 2017 Bull Run Deja Vu? With Ivan on Tech
In an insightful conversation with speaker, educator and content creator Ivan Liljeqvist (Ivan on Tech) on AIBC, we got a host of information about cryptocurrency and blockchain, including the important issue of how the adoption of crypto is going to shape up our future. The host of the show, Jessica Walker, started the conversation with the recent rise in the valuation of Bitcoin and asked it was an indication of bulls returning to the crypto market. Recalling how quickly Bitcoin crossed $10k to almost reach $20k in December 2017, Walker asked whether that trend could possibly again witness now?
Ivan replied affirmatively and indicated that crossing the value of $9k for Bitcoin was indeed a positive achievement and the value was expected to move up further in the days to come. Specifically mentioning the psychological barrier of $9.4k, Ivan said that if Bitcoin was able to cross this mark, the next wave of bulls could certainly hit the market. Ivan then specifically mentioned the adoption of cryptocurrency, referring to the launch of the first-team poll by Paris Saint Germain (PSG). This can be easily considered as one of the significant developments towards the speedy adoption of cryptocurrency among the masses.
Davos in News
Walker then directed the focus of the conversation towards Davos, where the founder of Cardano, Charles Hoskinson, had made some significant announcements while putting forth his viewpoint of open ledger technology and its utility to the host of industries including the financial technology domain. The collaboration of Cardano with PwC also got a significant mention in the conversation as this coming together is expected to give a huge push towards the adoption of crypto and blockchain.
Ivan also lauded the role of various crypto managers who worked very hard in the Davos to spread the awareness about crypto by clearing doubts of a range of stakeholders at the event. This information was primarily disseminated through small events and technical sessions arranged by crypto fund managers in Davos and these efforts are sure to bear results in the future. The growing popularity of earning interest on the crypto investment and raising money through the digital coins also figured in the discussion.
Millennial: Key to crypto Adoption
When asked what he thinks the most important aspect of enhancing the crypto adoption rate, Ivan emphasized two primary aspects: information and education. These aspects are particularly important in the case of millennials as the generation is seen as a flag-bearer of the crypto revolution and adoption in the future. Emphasizing the need to correct the misconception of crypto being a risky investment, Ivan said that the things need to be seen in a perspective and it is a gross miscalculation on anybody’s part to assume that investment in cryptocurrency is a risky affair. Taking the example of a well-known Bank which over the period of time saw a drop in its share price, Ivan said that it would be wrong to presume that returns from the cryptocurrency investment will be negative.
Bitcoin Halving
Towards the end of the discussion, the focus of the conversation shifted to the Bitcoin halving event, which is scheduled to take place later this year. It is expected that Bitcoin halving will push the prices of the coin upwards as the supply of the digital currency will be constrained. The shortage of coins will increase its demand in the market and accordingly, this is going to push the prices of Bitcoin further.
In an insightful conversation with speaker, educator and content creator Ivan Liljeqvist (Ivan on Tech) on AIBC, we got a host of information about cryptocurrency and blockchain, including the important issue of how the adoption of crypto is going to shape up our future. The host of the show, Jessica Walker, started the conversation with the recent rise in the valuation of Bitcoin and asked it was an indication of bulls returning to the crypto market. Recalling how quickly Bitcoin crossed $10k to almost reach $20k in December 2017, Walker asked whether that trend could possibly again witness now?
Ivan replied affirmatively and indicated that crossing the value of $9k for Bitcoin was indeed a positive achievement and the value was expected to move up further in the days to come. Specifically mentioning the psychological barrier of $9.4k, Ivan said that if Bitcoin was able to cross this mark, the next wave of bulls could certainly hit the market. Ivan then specifically mentioned the adoption of cryptocurrency, referring to the launch of the first-team poll by Paris Saint Germain (PSG). This can be easily considered as one of the significant developments towards the speedy adoption of cryptocurrency among the masses.
Davos in News
Walker then directed the focus of the conversation towards Davos, where the founder of Cardano, Charles Hoskinson, had made some significant announcements while putting forth his viewpoint of open ledger technology and its utility to the host of industries including the financial technology domain. The collaboration of Cardano with PwC also got a significant mention in the conversation as this coming together is expected to give a huge push towards the adoption of crypto and blockchain.
Ivan also lauded the role of various crypto managers who worked very hard in the Davos to spread the awareness about crypto by clearing doubts of a range of stakeholders at the event. This information was primarily disseminated through small events and technical sessions arranged by crypto fund managers in Davos and these efforts are sure to bear results in the future. The growing popularity of earning interest on the crypto investment and raising money through the digital coins also figured in the discussion.
Millennial: Key to crypto Adoption
When asked what he thinks the most important aspect of enhancing the crypto adoption rate, Ivan emphasized two primary aspects: information and education. These aspects are particularly important in the case of millennials as the generation is seen as a flag-bearer of the crypto revolution and adoption in the future. Emphasizing the need to correct the misconception of crypto being a risky investment, Ivan said that the things need to be seen in a perspective and it is a gross miscalculation on anybody’s part to assume that investment in cryptocurrency is a risky affair. Taking the example of a well-known Bank which over the period of time saw a drop in its share price, Ivan said that it would be wrong to presume that returns from the cryptocurrency investment will be negative.
Bitcoin Halving
Towards the end of the discussion, the focus of the conversation shifted to the Bitcoin halving event, which is scheduled to take place later this year. It is expected that Bitcoin halving will push the prices of the coin upwards as the supply of the digital currency will be constrained. The shortage of coins will increase its demand in the market and accordingly, this is going to push the prices of Bitcoin further.
Qtum Chain Foundation Donates 200,000 Yuan for Coronavirus Victims
Qtum Quantum Chain Foundation, the organization, constituted to protect the privacy and confidentiality of the user information have made a public announcement regarding its donation of a substantial amount of 200,000 yuan to the Hubei Charity Federation. The donation has been made to aid the remedial efforts for virus epidemic prevention and control.
According to the reports, the collected funds will be invested in the welfare activities in the epidemic-stricken area of Wuhan. The funds will be disbursed for the following purposes:
For the purchase of epidemic prevention medicinal supplies
Offer pension to the families who suffered a loss of members due to the epidemic spread
Providing financial aid to volunteers with respect to insurance, purchase of protective gear and living allowances.
Managing hospital services
After the successful eradication of the epidemic, the remaining funds shall be used for providing the people with public well-being training, dietary supplements, etc. The funds pooled in will not only be employed for the welfare initiatives in the Wuhan province but also in other provinces and cities that are severely affected by the epidemic spread.
Ever since the news of the spread of Coronavirus in Wuhan has been making rounds, the crypto industry has actively participated in the restoration and relief initiatives. Recently, the world’s leading cryptocurrency exchange, Binance, announced that it would be donating $1.44 million for the noble cause. The exchange also launched a charity donation initiative to collect medical supplies for the coronavirus victims.
Qtum Quantum Chain Foundation, the organization, constituted to protect the privacy and confidentiality of the user information have made a public announcement regarding its donation of a substantial amount of 200,000 yuan to the Hubei Charity Federation. The donation has been made to aid the remedial efforts for virus epidemic prevention and control.
According to the reports, the collected funds will be invested in the welfare activities in the epidemic-stricken area of Wuhan. The funds will be disbursed for the following purposes:
For the purchase of epidemic prevention medicinal supplies
Offer pension to the families who suffered a loss of members due to the epidemic spread
Providing financial aid to volunteers with respect to insurance, purchase of protective gear and living allowances.
Managing hospital services
After the successful eradication of the epidemic, the remaining funds shall be used for providing the people with public well-being training, dietary supplements, etc. The funds pooled in will not only be employed for the welfare initiatives in the Wuhan province but also in other provinces and cities that are severely affected by the epidemic spread.
Ever since the news of the spread of Coronavirus in Wuhan has been making rounds, the crypto industry has actively participated in the restoration and relief initiatives. Recently, the world’s leading cryptocurrency exchange, Binance, announced that it would be donating $1.44 million for the noble cause. The exchange also launched a charity donation initiative to collect medical supplies for the coronavirus victims.
Ethereum Classic Criticizes Its “Parent’s” Move to Split Ethereum Into Two
Leading crypto project Ethereum Classic has released an article criticizing the recent move by Ethereum of splitting ETH into ETH 2.0 and ETH 1.x tokens. It stated that it is not only financially illogical but also an additional asset in an oversaturated market.
In its critical tweet, the company shared an article written by Donald McIntyre, Business Developer, and Ethereum Classic collaborator. The article analyses the move by Ethereum to split ETH and presents a constructively critical viewpoint. McIntyre wrote,
I personally think it’s good that ETH 2.0, ETC and ETH 1.x potential outcomes are being debated as I think the market, especially developers, consumers, enterprise, and government, need the smart contracts industry to settle on a few winning systems to be able to start investing serious money and building viable products on these highly valuable blockchain technologies.
Ever since Ethereum announced the migration to Ethereum 2.0, polarising views have continued to surface around the move, and therefore, McIntyre’s criticism doesn’t come as a surprise. However, what’s surprising is the fact that Ethereum Classic, a project forked out of Ethereum itself, openly criticizing the move, and calling it something which doesn’t makes financial sense.
Coming back to the article, it argues that ETH 2.0 will face fierce competition from the likes of EOS, ADA, Tezos, Libra, Polkadot, Dfinity, and other similar projects. However, it has a slight advantage in terms of security, which will definitely play an important role in the development of the project. McIntyre also added that ETH 1.x will be nothing more than low quality and low-value residue of ETH, which is not at all an encouraging opinion for the users. Giving multiple reasons for his claim, he included that 100% accounts, balances, and dApps from the older token will be duplicated on the ETH 2.0, and the modern version will have higher performance capacity and scalability than ETH 1.x, as the latter has no clear monetary policy.
You can read the entire article here.
Leading crypto project Ethereum Classic has released an article criticizing the recent move by Ethereum of splitting ETH into ETH 2.0 and ETH 1.x tokens. It stated that it is not only financially illogical but also an additional asset in an oversaturated market.
In its critical tweet, the company shared an article written by Donald McIntyre, Business Developer, and Ethereum Classic collaborator. The article analyses the move by Ethereum to split ETH and presents a constructively critical viewpoint. McIntyre wrote,
I personally think it’s good that ETH 2.0, ETC and ETH 1.x potential outcomes are being debated as I think the market, especially developers, consumers, enterprise, and government, need the smart contracts industry to settle on a few winning systems to be able to start investing serious money and building viable products on these highly valuable blockchain technologies.
Ever since Ethereum announced the migration to Ethereum 2.0, polarising views have continued to surface around the move, and therefore, McIntyre’s criticism doesn’t come as a surprise. However, what’s surprising is the fact that Ethereum Classic, a project forked out of Ethereum itself, openly criticizing the move, and calling it something which doesn’t makes financial sense.
Coming back to the article, it argues that ETH 2.0 will face fierce competition from the likes of EOS, ADA, Tezos, Libra, Polkadot, Dfinity, and other similar projects. However, it has a slight advantage in terms of security, which will definitely play an important role in the development of the project. McIntyre also added that ETH 1.x will be nothing more than low quality and low-value residue of ETH, which is not at all an encouraging opinion for the users. Giving multiple reasons for his claim, he included that 100% accounts, balances, and dApps from the older token will be duplicated on the ETH 2.0, and the modern version will have higher performance capacity and scalability than ETH 1.x, as the latter has no clear monetary policy.
You can read the entire article here.
TronWallet Introduces New TWX Swap Burn Mechanism Amid Rising Volumes
Crypto wallet that is based on the TRON blockchain, TronWallet has introduced the TWX Swap Burn Mechanism, as per which, the wallet will collect swap fees for Bitcoin and TRON, in TWX.
The built-in swap feature in the wallet was recently introduced, which facilitates smooth exchange between Bitcoin (BTC), TRON (TRX), and other TRON-based tokens. In the official post on Medium, the development team of TronWallet said that the new swap feature is proving to be extremely useful for common users, who generally don’t need to trade on exchanges, saving valuable time, and on top of all, it is highly secure and safe. It further added,
The usage of the Swap tool has grown significantly over the month of January with thousands of users using the Swap on a daily basis. Given the successful Swap launch, the numbers and volumes of TronWallet Swaps are projected to increase exponentially over the coming months as we add more coins, tokens, blockchains, and features to the Swap tool.
The article stated that the user base of the TronWallet is witnessing a steep rise, over 12,000 daily active users, and over 50,000 monthly active users. Globally, the wallet has witnessed over 177,000 downloads, and the demand is expected to grow rapidly as the world is shifting from a hostile to the moderately accepting point of view for the crypto industry.
Initially, TronWallet employed a buyback model of crypto burning for about five months, and over 183 million TWX, the native token of the wallet, was burnt in five phases. The new Swap Burn mechanism will allow the users to pay an even lesser swap fee by using or holding the TWX token, as the fees will be deducted in form of the native token, which will be subsequently burnt.
Crypto wallet that is based on the TRON blockchain, TronWallet has introduced the TWX Swap Burn Mechanism, as per which, the wallet will collect swap fees for Bitcoin and TRON, in TWX.
The built-in swap feature in the wallet was recently introduced, which facilitates smooth exchange between Bitcoin (BTC), TRON (TRX), and other TRON-based tokens. In the official post on Medium, the development team of TronWallet said that the new swap feature is proving to be extremely useful for common users, who generally don’t need to trade on exchanges, saving valuable time, and on top of all, it is highly secure and safe. It further added,
The usage of the Swap tool has grown significantly over the month of January with thousands of users using the Swap on a daily basis. Given the successful Swap launch, the numbers and volumes of TronWallet Swaps are projected to increase exponentially over the coming months as we add more coins, tokens, blockchains, and features to the Swap tool.
The article stated that the user base of the TronWallet is witnessing a steep rise, over 12,000 daily active users, and over 50,000 monthly active users. Globally, the wallet has witnessed over 177,000 downloads, and the demand is expected to grow rapidly as the world is shifting from a hostile to the moderately accepting point of view for the crypto industry.
Initially, TronWallet employed a buyback model of crypto burning for about five months, and over 183 million TWX, the native token of the wallet, was burnt in five phases. The new Swap Burn mechanism will allow the users to pay an even lesser swap fee by using or holding the TWX token, as the fees will be deducted in form of the native token, which will be subsequently burnt.
Justin Sun Opens Up on the Charity Lunch with Warren Buffett
Justin Sun finally had his moment with billionaire investor Warren Buffett, when the infamous Power of One Charity Lunch, for which he paid over $4.5 million via an auction bid, saw the light on January 23. The high-profile lunch was in the news for several weeks last year, until it was abruptly canceled after reports of a crackdown on the TRON team in China by Chinese authorities.
In reality, one of the major reasons for the crackdown was the over-promotion of the lunch by Sun, who went on to invite several famous personalities, including US President Donald Trump.
However, a number of months after the cancellation, the lunch has finally happened, albeit secretly. As per a recent announcement by the TRON chief, he had his lunch date with Buffett at Happy Hollow Club in Omaha, Nebraska. Opening up about the event, Justin Sun shared a post on Medium describing his experience with the Berkshire Hathaway CEO.
As per the post, the 28-year-old entrepreneur presented the old man quite a few unique gifts, which included a bronze horse figurine, a paper cutting of the Year of the Mouse, a set of plates with TRON logo and matching chopsticks, a copy of Sun’s book “Brave New World,” and a TRON Blockchain embedded Samsung Galaxy Fold 2.
Sun said that he apologized to Buffett for delaying the lunch in the first place, to which the 88-year-old investment king expressed his pleasure that they were finally meeting. He also stated that though he paid a high amount to win the auction bid at $4.5 million, he would have gone up to $10 million if it was required. He said,
“Mr. Buffett followed up and asked me, how much was your budget for the auction? I said, “10 million USD.” Mr. Buffett asked was it you or the team handling the bid. I said, “my team was closely monitoring everything, but I was the one handling it.”
Justin Sun finally had his moment with billionaire investor Warren Buffett, when the infamous Power of One Charity Lunch, for which he paid over $4.5 million via an auction bid, saw the light on January 23. The high-profile lunch was in the news for several weeks last year, until it was abruptly canceled after reports of a crackdown on the TRON team in China by Chinese authorities.
In reality, one of the major reasons for the crackdown was the over-promotion of the lunch by Sun, who went on to invite several famous personalities, including US President Donald Trump.
However, a number of months after the cancellation, the lunch has finally happened, albeit secretly. As per a recent announcement by the TRON chief, he had his lunch date with Buffett at Happy Hollow Club in Omaha, Nebraska. Opening up about the event, Justin Sun shared a post on Medium describing his experience with the Berkshire Hathaway CEO.
As per the post, the 28-year-old entrepreneur presented the old man quite a few unique gifts, which included a bronze horse figurine, a paper cutting of the Year of the Mouse, a set of plates with TRON logo and matching chopsticks, a copy of Sun’s book “Brave New World,” and a TRON Blockchain embedded Samsung Galaxy Fold 2.
Sun said that he apologized to Buffett for delaying the lunch in the first place, to which the 88-year-old investment king expressed his pleasure that they were finally meeting. He also stated that though he paid a high amount to win the auction bid at $4.5 million, he would have gone up to $10 million if it was required. He said,
“Mr. Buffett followed up and asked me, how much was your budget for the auction? I said, “10 million USD.” Mr. Buffett asked was it you or the team handling the bid. I said, “my team was closely monitoring everything, but I was the one handling it.”
SEC Commissioner Hester Peirce Proposes a Safe Harbour for Crypto Start-Ups
US authorities have been quite hostile towards crypto companies, which has made the lives of upcoming crypto start-ups quite difficult. In particular, the Securities Exchange Commission (SEC), has been quite tough on budding companies, especially those short on regulatory compliance. However, things could change very soon, as SEC Commissioner Hester Peirce recently proposed to create a safe harbor for a three-year period, as per which the apex finance regulator will grant new start-ups three years to achieve the level of decentralization from the date of the first token sale.
This proposal could infuse a breath in the ailing crypto markets and would allow young entrepreneurs to take the initial risks without worrying too much about regulations. Applauding the move, Binance CEO Changpeng Zhao tweeted that this is a significant step, and other countries will follow the footsteps of the US.
The move could also motivate SEC’s Indian counterparts, who have been at the throat of the crypto industry, causing a number of Indian crypto projects to fade away. Nischal Shetty, founder, and CEO of WazirX, India’s leading crypto trading platform, also commended the proposal. He said,
“Huge! What a smart proposal. Raise money through a token sale and you have 3 years to decentralise. Exactly what the Crypto ecosystem needs. This will encourage so much more development towards decentralised Internet.”
Speaking at the International Blockchain Congress 2020, on Thursday in Chicago, Peirce put forward the proposal, which can become a reality only after a majority of commissioners of the SEC approve it. Once approved, the burden of exuberant compliances would ease down, though the development team would be required to disclose the names, relevant experience, qualifications, attributes, and skills of each member, and the start-up would have to facilitate the analysis of specific facts and evaluation of circumstances. She further said,
“Admittedly, the liquidity condition may surprise observers of SEC staff positions in which attempts to facilitate secondary trading have been viewed as indicia of a securities offering. In the context of the safe harbour, by contrast, secondary trading is recognized as necessary both to get tokens into the hands of people that will use them and offer developers and people who provide services on the network a way to exchange their tokens for fiat or cryptocurrency.”
US authorities have been quite hostile towards crypto companies, which has made the lives of upcoming crypto start-ups quite difficult. In particular, the Securities Exchange Commission (SEC), has been quite tough on budding companies, especially those short on regulatory compliance. However, things could change very soon, as SEC Commissioner Hester Peirce recently proposed to create a safe harbor for a three-year period, as per which the apex finance regulator will grant new start-ups three years to achieve the level of decentralization from the date of the first token sale.
This proposal could infuse a breath in the ailing crypto markets and would allow young entrepreneurs to take the initial risks without worrying too much about regulations. Applauding the move, Binance CEO Changpeng Zhao tweeted that this is a significant step, and other countries will follow the footsteps of the US.
The move could also motivate SEC’s Indian counterparts, who have been at the throat of the crypto industry, causing a number of Indian crypto projects to fade away. Nischal Shetty, founder, and CEO of WazirX, India’s leading crypto trading platform, also commended the proposal. He said,
“Huge! What a smart proposal. Raise money through a token sale and you have 3 years to decentralise. Exactly what the Crypto ecosystem needs. This will encourage so much more development towards decentralised Internet.”
Speaking at the International Blockchain Congress 2020, on Thursday in Chicago, Peirce put forward the proposal, which can become a reality only after a majority of commissioners of the SEC approve it. Once approved, the burden of exuberant compliances would ease down, though the development team would be required to disclose the names, relevant experience, qualifications, attributes, and skills of each member, and the start-up would have to facilitate the analysis of specific facts and evaluation of circumstances. She further said,
“Admittedly, the liquidity condition may surprise observers of SEC staff positions in which attempts to facilitate secondary trading have been viewed as indicia of a securities offering. In the context of the safe harbour, by contrast, secondary trading is recognized as necessary both to get tokens into the hands of people that will use them and offer developers and people who provide services on the network a way to exchange their tokens for fiat or cryptocurrency.”
Ethereum to Split Into ETH 2.0 and ETH 1.x Tokens
Leading crypto project Ethereum Classic has released an article analyzing the recent move by Ethereum of splitting ETH into ETH 2.0 and ETH 1.x tokens. It stated that it is not only financially illogical but also an additional asset in an oversaturated market.
In its tweet, the company shared an article written by Donald McIntyre, Business Developer, and Ethereum Classic collaborator. The article specifies the move by Ethereum to split ETH and presents a constructive viewpoint. McIntyre wrote,
I personally think it’s good that ETH 2.0, ETC and ETH 1.x potential outcomes are being debated as I think the market, especially developers, consumers, enterprise, and government, need the smart contracts industry to settle on a few winning systems to be able to start investing serious money and building viable products on these highly valuable blockchain technologies.
Ever since Ethereum announced the migration to Ethereum 2.0, polarising views have continued to surface around the move, and therefore, McIntyre’s insight doesn’t come as a surprise. However, what’s surprising is the fact that Ethereum Classic, a project forked out of Ethereum itself, addressing the move, and calling it something which doesn’t makes financial sense.
Coming back to the article, it shows that ETH 2.0 will face fierce competition from the likes of EOS, ADA, Tezos, Libra, Polkadot, Dfinity, and other similar projects. However, it has a slight advantage in terms of security, which will definitely play an important role in the development of the project. McIntyre also added that ETH 1.x will be nothing more than low quality and low-value residue of ETH, which is not at all an encouraging opinion for the users. Giving multiple reasons for his claim, he included that 100% accounts, balances, and dApps from the older token will be duplicated on the ETH 2.0, and the modern version will have higher performance capacity and scalability than ETH 1.x, as the latter has no clear monetary policy.
Leading crypto project Ethereum Classic has released an article analyzing the recent move by Ethereum of splitting ETH into ETH 2.0 and ETH 1.x tokens. It stated that it is not only financially illogical but also an additional asset in an oversaturated market.
In its tweet, the company shared an article written by Donald McIntyre, Business Developer, and Ethereum Classic collaborator. The article specifies the move by Ethereum to split ETH and presents a constructive viewpoint. McIntyre wrote,
I personally think it’s good that ETH 2.0, ETC and ETH 1.x potential outcomes are being debated as I think the market, especially developers, consumers, enterprise, and government, need the smart contracts industry to settle on a few winning systems to be able to start investing serious money and building viable products on these highly valuable blockchain technologies.
Ever since Ethereum announced the migration to Ethereum 2.0, polarising views have continued to surface around the move, and therefore, McIntyre’s insight doesn’t come as a surprise. However, what’s surprising is the fact that Ethereum Classic, a project forked out of Ethereum itself, addressing the move, and calling it something which doesn’t makes financial sense.
Coming back to the article, it shows that ETH 2.0 will face fierce competition from the likes of EOS, ADA, Tezos, Libra, Polkadot, Dfinity, and other similar projects. However, it has a slight advantage in terms of security, which will definitely play an important role in the development of the project. McIntyre also added that ETH 1.x will be nothing more than low quality and low-value residue of ETH, which is not at all an encouraging opinion for the users. Giving multiple reasons for his claim, he included that 100% accounts, balances, and dApps from the older token will be duplicated on the ETH 2.0, and the modern version will have higher performance capacity and scalability than ETH 1.x, as the latter has no clear monetary policy.
Lisk Strives to Bridge the Gap Between People and the Global Economy
With the world heading towards a paperless economy, cryptocurrencies have become a hot-shot solution for many industrial domains. The digital currency that was founded as a remedial offering to the global recession has now established itself as part and parcel of business enterprises, individuals, and government organizations from around the world. A major reason for this booming success of cryptocurrencies was the use of the revolutionary blockchain technology which offered the highest standards of security and transparency to the investors. As innovations, developments, and potential solutions flooded the crypto market; the industry grew in heaps and bounds attracting support from some of the biggest names in the industrial arena.
Crypto firms and organizations supporting blockchain technology have played a major role in earning customer base from around the world. One such revolutionary platform is a Switzerland-based firm, Lisk. Established in 2016 by Max Kordek and Oliver Beddows, Lisk serves as a blockchain application solution that strives to connect more and more people to the blockchain technology by bringing them under the umbrella of crypto-supported financial services. The dedicated team of professionals working behind the success of Lisk put in their efforts to render the investors with opportunities through the energy-efficient blockchain network, developer tools, and community.
A major section of the global population is devoid of access to financial services, banking facilities, and business opportunities. The founders of Lisk launched their platform to solve this issue by bridging the gap between people and the global economy. It allows the users to enjoy a convenient and secure payment interface for investors through its expert crypto wallet services. The wallet allows users to deal in virtual currencies at their ease and at a nominal price in comparison to other traditional payment solutions. To ensure optimum user convenience, Lisk wallet is available on desktop and mobile.
One of the most prominent features of Lisk is its utility token LSK, which helps the customers to pay for transaction fees on the Lisk blockchain. Lisk coin takes pride in being the digital currency with the 14th largest community and 13th most active development. It also holds the eighth spot on CoinGecko’s overall ranking charts. Some of the most lucrative features of Lisk token are:
1.The base of the design of the altcoin relies on certain modules that allow a developer to use “designing blocks” for the creation of their own decentralized apps. The DApp developers can create their apps using Javascript, which undoubtedly is one of the most popular programming languages. This encourages Lisk adoption in a big way as the majority of programmers prefer Javascript.
2.Lisk blockchain uses sidechains, which withers away the problem of the bloated network caused by the piling of fake transactions. Sidechains are attached to independent blockchains where users can store high-volume transactions without troubling the main blockchain. This feature speeds up the transaction processing in a big way.
3.Since its inception, investors are being showered upon with block rewards attached to every new block. At present, the Lisk blockchain gives block rewards of 2 LSK. From October 2020, the block reward will be reduced to 1 LSK which will be fixed forever.
4.The leading cryptocurrency exchanges offering Lisk trading pairs include Binance, Poloniex, Kraken, Bittrex, Huobi, BitBay, Bitflyer, Bitpanda, Coincheck, Upbit, OKEx, and KuCoin.
With the world heading towards a paperless economy, cryptocurrencies have become a hot-shot solution for many industrial domains. The digital currency that was founded as a remedial offering to the global recession has now established itself as part and parcel of business enterprises, individuals, and government organizations from around the world. A major reason for this booming success of cryptocurrencies was the use of the revolutionary blockchain technology which offered the highest standards of security and transparency to the investors. As innovations, developments, and potential solutions flooded the crypto market; the industry grew in heaps and bounds attracting support from some of the biggest names in the industrial arena.
Crypto firms and organizations supporting blockchain technology have played a major role in earning customer base from around the world. One such revolutionary platform is a Switzerland-based firm, Lisk. Established in 2016 by Max Kordek and Oliver Beddows, Lisk serves as a blockchain application solution that strives to connect more and more people to the blockchain technology by bringing them under the umbrella of crypto-supported financial services. The dedicated team of professionals working behind the success of Lisk put in their efforts to render the investors with opportunities through the energy-efficient blockchain network, developer tools, and community.
A major section of the global population is devoid of access to financial services, banking facilities, and business opportunities. The founders of Lisk launched their platform to solve this issue by bridging the gap between people and the global economy. It allows the users to enjoy a convenient and secure payment interface for investors through its expert crypto wallet services. The wallet allows users to deal in virtual currencies at their ease and at a nominal price in comparison to other traditional payment solutions. To ensure optimum user convenience, Lisk wallet is available on desktop and mobile.
One of the most prominent features of Lisk is its utility token LSK, which helps the customers to pay for transaction fees on the Lisk blockchain. Lisk coin takes pride in being the digital currency with the 14th largest community and 13th most active development. It also holds the eighth spot on CoinGecko’s overall ranking charts. Some of the most lucrative features of Lisk token are:
1.The base of the design of the altcoin relies on certain modules that allow a developer to use “designing blocks” for the creation of their own decentralized apps. The DApp developers can create their apps using Javascript, which undoubtedly is one of the most popular programming languages. This encourages Lisk adoption in a big way as the majority of programmers prefer Javascript.
2.Lisk blockchain uses sidechains, which withers away the problem of the bloated network caused by the piling of fake transactions. Sidechains are attached to independent blockchains where users can store high-volume transactions without troubling the main blockchain. This feature speeds up the transaction processing in a big way.
3.Since its inception, investors are being showered upon with block rewards attached to every new block. At present, the Lisk blockchain gives block rewards of 2 LSK. From October 2020, the block reward will be reduced to 1 LSK which will be fixed forever.
4.The leading cryptocurrency exchanges offering Lisk trading pairs include Binance, Poloniex, Kraken, Bittrex, Huobi, BitBay, Bitflyer, Bitpanda, Coincheck, Upbit, OKEx, and KuCoin.
Is McAfee Shifting from Bitcoin to Other Cryptocurrencies?
Computer scientist and anti-virus pioneer John McAfee used to be one of the foremost Bitcoin advocates and was also among the firsts to predict the $1 million price for Bitcoin. However, in the past few weeks, McAfee has given a bit of different opinion about Bitcoin.
Moving further, McAfee retweeted his old video from 2015. As he admits, he was the CEO at the time of MGT, the then second-largest Bitcoin mining company in North America. In the video, McAfee can be seen pouring praises on Bitcoin, after sharing a few points on mining algorithms. Interestingly, McAfee asked in the tweet to replace the term “Bitcoin” with “Cryptocurrency” in the video.
The shifting tales of John McAfee began late last year, soon after he launched the decentralized crypto exchange McAfee DEX. Since then, McAfee seems to be backing off from his previous $1 million predictions, and it is only becoming evident by the day that the computer scientist no longer supports the apex cryptocurrency. Interestingly, as recently as last October, McAfee was strongly stuck to his claim.
Bitcoin Bubble Busted?
Bitcoin was considered to be one of the most lucrative assets, and traditional novice investors considered it to be a tool to make huge profits in minimal time. This could probably be one of the reasons why Bitcoin peaked at a jaw-dropping $20,000 odd in December 2017. However, prices nosedived throughout 2018, and the markets remained stagnant for most of last year. This made the world realize that cryptocurrencies are not just to make profits but to facilitate a decentralized monetary system. Demand for utility token has risen and continues to do so to date, which makes Bitcoin just a store of value. This is one of the reasons why Bitcoin could soon become saturated and possibly we could witness a rise of altcoins.
Computer scientist and anti-virus pioneer John McAfee used to be one of the foremost Bitcoin advocates and was also among the firsts to predict the $1 million price for Bitcoin. However, in the past few weeks, McAfee has given a bit of different opinion about Bitcoin.
Moving further, McAfee retweeted his old video from 2015. As he admits, he was the CEO at the time of MGT, the then second-largest Bitcoin mining company in North America. In the video, McAfee can be seen pouring praises on Bitcoin, after sharing a few points on mining algorithms. Interestingly, McAfee asked in the tweet to replace the term “Bitcoin” with “Cryptocurrency” in the video.
The shifting tales of John McAfee began late last year, soon after he launched the decentralized crypto exchange McAfee DEX. Since then, McAfee seems to be backing off from his previous $1 million predictions, and it is only becoming evident by the day that the computer scientist no longer supports the apex cryptocurrency. Interestingly, as recently as last October, McAfee was strongly stuck to his claim.
Bitcoin Bubble Busted?
Bitcoin was considered to be one of the most lucrative assets, and traditional novice investors considered it to be a tool to make huge profits in minimal time. This could probably be one of the reasons why Bitcoin peaked at a jaw-dropping $20,000 odd in December 2017. However, prices nosedived throughout 2018, and the markets remained stagnant for most of last year. This made the world realize that cryptocurrencies are not just to make profits but to facilitate a decentralized monetary system. Demand for utility token has risen and continues to do so to date, which makes Bitcoin just a store of value. This is one of the reasons why Bitcoin could soon become saturated and possibly we could witness a rise of altcoins.
TronWallet Unveils Proposal to Add Ethereum to Its Network
Serving the global investors with its world-class P2P crypto wallet services, the TRONWallet has taken the crypto arena in a blow with its latest announcement, which hints that the wallet system is likely to infuse Ethereum in its network in the near future. The exiting news was circulated by TRONWallet through its official Twitter handle a few hours back.
In accordance with the report, the proposed integration of ETH in the TRON Network is a strategic step taken by the two highly acclaimed firms to strengthen the cryptocurrency and blockchain industry. The unification of TRONWallet and Ethereum is likely to open doors to an array of offerings and services in the months to come.
Last month, TronWallet welcomed the world’s first cryptocurrency, Bitcoin, to its network. The announcement gathered a lot of attention from the crypto community; especially, it was overwhelmingly welcomed by the millions of Bitcoin fans hailing from different parts of the world. The addition of BTC support helped TRON to expand its operational capacities as well as its customer base, with Bitcoin being one of the most popular cryptocurrencies in the marketspace.
The addition of ETH in the TRON network has managed to garner support from the big names of the industry who have flooded Twitter with their appreciation posts by sharing TRONWallet’s official status.
TRON network has been enjoying a successful run in recent times. On January 8, 2020, TRONSCAN broadcasted that Tron’s Dappchain, the side chain project of Tron, achieved a milestone as its block height crossed the whopping 4 million mark.
Tron’s native digital currency, TRX stands tall at the 13th spot amongst the wide range of cryptocurrencies. At present, TRX is trading at $0.0200182 USD and is up by 0.74%. It boasts of a circulating supply of 66,682,100,000 TRX coins and a market cap of $1,334,860,000 USD.
Serving the global investors with its world-class P2P crypto wallet services, the TRONWallet has taken the crypto arena in a blow with its latest announcement, which hints that the wallet system is likely to infuse Ethereum in its network in the near future. The exiting news was circulated by TRONWallet through its official Twitter handle a few hours back.
In accordance with the report, the proposed integration of ETH in the TRON Network is a strategic step taken by the two highly acclaimed firms to strengthen the cryptocurrency and blockchain industry. The unification of TRONWallet and Ethereum is likely to open doors to an array of offerings and services in the months to come.
Last month, TronWallet welcomed the world’s first cryptocurrency, Bitcoin, to its network. The announcement gathered a lot of attention from the crypto community; especially, it was overwhelmingly welcomed by the millions of Bitcoin fans hailing from different parts of the world. The addition of BTC support helped TRON to expand its operational capacities as well as its customer base, with Bitcoin being one of the most popular cryptocurrencies in the marketspace.
The addition of ETH in the TRON network has managed to garner support from the big names of the industry who have flooded Twitter with their appreciation posts by sharing TRONWallet’s official status.
TRON network has been enjoying a successful run in recent times. On January 8, 2020, TRONSCAN broadcasted that Tron’s Dappchain, the side chain project of Tron, achieved a milestone as its block height crossed the whopping 4 million mark.
Tron’s native digital currency, TRX stands tall at the 13th spot amongst the wide range of cryptocurrencies. At present, TRX is trading at $0.0200182 USD and is up by 0.74%. It boasts of a circulating supply of 66,682,100,000 TRX coins and a market cap of $1,334,860,000 USD.
