Archive October 2019

Samsung Adds Support for Tron Network to Blockchain Dapp Store

justin sun

Tron founder Justin Sun will appear on stage at the Samsung Developer Conference on Wednesday to announce a new partnership between his crypto company and the telecom giant.

Tron will be integrated into the software development kit (SDK) of the Samsung Blockchain Keystore, which helps users manage private keys. The SDK allows coders build with the Tron network by giving them direct access to the blockchain via Samsung devices.

It’s still unclear how this partnership changes anything for TRX token users, beyond wallet support. In the days leading up to the announcement, Sun tweeted about a partnership with a “megacorporation” that would “broadly distribute $Tron Dapps [decentralized applications] and tokens to billions of customers.”

The Pew Research Center estimated that 5 billion people currently have access to mobile devices, only half of which are smartphones. Considering Samsung is among the top hardware sellers alongside Apple and Huawei, which have both captured significant market share, it would be a stretch to imagine even 1 billion users gaining access to the Samsung Blockchain Keystore. (CoinDesk was unable to reach Samsung for comment. We will update the article if we hear back.)

Beyond mobile wallets, Samsung devices should have the same direct access to Tron blockchain data. This could, in theory, make it easier for dapp developers to make products for Samsung users that don’t rely on third-party wallets.

As such, Sun heralded this new conduit as a “milestone” for Tron. According to Tron’s latest report, there are roughly 3.9 million Tron wallet accounts and 611 dapps.

In a WhatsApp message, Sun told CoinDesk the partnership would make it easier for “millions of users of Samsung devices” because developers can build applications using Samsung devices.

“One of the biggest frictions in the dapp user experience is the wallet,” Sun told CoinDesk, adding:

“With the Tron/Samsung integration, users won’t need any third party wallet anymore. And develops can just focus on the content they are building and provide a seamless experience to end users.”

China’s focus on blockchain should boost global technology landscape

china blockchain

China's President Xi Jinping's remarks about the Asian giant leading blockchain development should take the technology discussion to another level in the global context.

"Coming from a leader like the Chinese president, the world's second-largest economy, this statement indicates that there will be a deepening use of this technology for more robust and potentially more relevant use cases in the global context," Gustavo Robichez, professor, told Bitcoin Portal. and researcher at the PUC-Rio Department of Informatics, on the statement by the Chinese president.

Last Thursday (24) during a meeting of the Politburo, the Chinese Communist Party Central Committee, Jinping said the blockchain should be considered an important advance, and that its development should be accelerated.

"We need to take the opportunity to integrate blockchain technology in promoting data sharing, business process optimization, reducing operating costs, improving synergy efficiency and building a reliable system," he said.

Robichez cites customs as a potential example of blockchain application for the purposes cited by the Chinese leader.

"There is a huge potential for application in customs processes, and China is undoubtedly watershed in this context because of the importance of its economy in international trade."

At the same time, the professor points out that Chinese attention to the blockchain should boost their discussion, both locally and globally.

“In addition to technological improvement, I would point out that the discussion of international standards tends to gain traction with this kind of support. Not to mention that the creation of digital assets (crypto active) can gain more relevance in a global scenario, with recognized standards, ”he said.

China abraça blockchain

Discussions about the uses and possibilities of blockchain in China are already beyond President Xi Jinping's talk, both locally and internationally.

On Twitter, the cnLedger profile, which specializes in the Asian country's crypto-economy, showed that the blockchain was now widely publicized by the government.

CnLedger also points to the discussion in the midst of Xuexi Qiangguo, the country's most popular app, in which there is a recommended course focused entirely on blockchain, with lessons about Bitcoin and Ethereum.

Remember that the app - whose name means "study to become a powerful nation" - was developed by the Chinese Communist Party to help people learn about their political doctrines.

The Chinese leader comes a few days after David Marcus, Facebook's cryptocurrency project manager, warned the US government about the dispute with the Asian country.

"If we don't have a good answer, in five years China will be rewiring a large part of the world with a digital renminbi running on its controlled blockchain," he said, who is a former director of Facebook's blockchain sector. and current head of the Libra project, the name of the future cryptocurrency to be developed by the social network.

Bitcoin Technical Analysis 10/28/19: Still uptrend but may be corrected

market trading

Bitcoin price is gaining momentum and trading above $ 9,500 but is facing strong resistance near $9,820 and $9,850.

There is a crucial uptrend forming at around $9,500 on the BTC/USD pair chart.

The price may correct in the short term to $9,200 before another bullish rally.

Price Analysis

Last week, there was a sharp rise in bitcoin above resistances of $7,500 and $8,000. The BTC still rose above the $9,500 and $10,000 levels before correcting to lower values.

The price was later corrected below the $9,500 and $9,000 support. However, the fall held at $9,000 and the price remained well above the simple 100-hour moving average.

A low was formed near $8,896 and bitcoin started a new rise breaking the resistance levels of $9,000 and $9,200. In addition, there was a break above the 50% Fibonacci retraction.

The price appears to be facing a strong resistance near $9,850 and $9,900. In addition, Fibonacci's 61.8% retraction level prevented further rises.

At the moment, the price is falling and advancing to the $9,500 support. More importantly, there is a crucial uptrend line supported near $9,500 on the BTC/USD pair chart.

If there is a break below the trend line, the price may extend its correction down to $9,200. Additional losses could push the bitcoin price to the support area of ​​$8,750.

On the other hand, if the price keeps rising higher, it could reach a resistance of $9,850 and $9,900. The main hurdle is close to $ 10,000, above which the price is likely to rise to $10,500.

Looking at the chart, bitcoin is showing many positive signals above the $9,500 and $9,200 levels. However, there are some chances of a change to $9,200 or $9,000 to complete the fix. When the price completes the current correction, it is likely to rise above $10,000 or even $10,500.

Overview of What’s New in Ethereum 2.0

ethereum_2

Ethereum is by far the most popular launching pad for decentralized applications. Ethereum gives you the tools you need to mint your own cryptocurrency, it provides a programming language and environment.

Ethereum is powered by Ether, which is the second most widely known cryptocurrency. The Ethereum project is backed heavily by the community and is being actively developed as we speak.

https://youtu.be/unhpWpdfAgU

Ethereum 2.0 has been discussed and developed since 2018 and the first phase is proposed to roll out at the end of 2019. I’m super excited about what Ethereum will bring in the future.

Opera browser adds Bitcoin payment on Android

o-que-e-blockchain

The Opera browser has added functionality that allows the user to pay bitcoin directly through the browser.

The new functionality, for now, will be available for Android and will enable users to make bitcoin payments directly from their browser-integrated digital wallet, as well as interacting with decentralized apps (dapps) on the TRON blockchain.

Among today's top browsers, Opera is the only one to integrate with a cryptocurrency wallet. Google Chrome and Safari don't have this option yet.

Speaking with CoinDesk, Opera Charles Hamel's Cryptocurrency Chief said that because most people have heard of bitcoin, they considered adding this feature very important.

In April, Opera launched its new browser where the first cryptocurrency wallet was made available. The portfolio at the time only supported Ethereum (ETH) and some decentralized application interactions (DApps).

The browser also featured Web 3 explorer, which allows users to transact and interact with the blockchain-based internet, also known as Web 3.0. The virtual private network (VPN) feature, in an attempt to increase user privacy and security, was also added at the time.

Bitcoin plummets $500 in 15 minutes after the revelation that US acted against cryptocurrency

golden-bitcoin-coin-falling-in

The price of bitcoin plummeted $500 in less than fifteen minutes this Wednesday morning (23). The movement began at 9:40 am (GMT) and the cryptocurrency traded at $7,500.

With the fall, Bitcoin reached its lowest price since June 5, when it traded at $7,455.

In October, the BTC accumulates 10% devaluation. In the third quarter of the year, digital assets fell 21% as they fell by more than $2,000, from $10,641 to $8,414. However, 2019 remains positive, with Bitcoin piling up 90% so far.

For Marcel Pechman, a RadarBTC trader and analyst, the statement by former CFTC Director Christopher Giancarlo have made the market wary.

Speaking on Monday at the Pantera Summit in San Francisco, Giancarlo said the Trump administration had articulated with government agencies to contain the bitcoin bubble in 2017.

The government would have facilitated the listing of derivatives on the CME and CBOE exchanges. The start-up of these products coincided with Bitcoin's record high of $20,000 on December 2017. Since then, BTC has fallen more than 60%.

"If this is true, it is clear and indisputable evidence that the US has been doing its best to topple Bitcoin for over two years," said analyst Marcel Pechman. Even with such an effort, we continue to hash rate ten times above the peak of 2017 and at the same price as of November 2017. That is, this plot was no good. ”

Falling Market

Accompanying the Bitcoin movement, all major cryptocurrencies are also trading sharply on Wednesday.

Ethereum (ETH) and Ripple (XRP) fell 9.25% and 10.7% respectively, trading at $157 and $0.26.

The most significant drop is in Binance Coin (BNB), which loses 11.23% on the day.

According to Coinmarketcap, the volume of the last 24 hours was $70 billion, a strong increase over the last few days.

Market capitalization declines again and approaches $200 billion again, with bitcoin representing 66.5% of that amount.

The Facebook director says China’s cryptocurrency could take US power

crypto war china usa

"If we don't get a good answer, in five years China will be rewiring a large part of the world with a digital renminbi running on its controlled blockchain." The phrase is former Facebook blockchain industry director and current head of the Libra project, David Marcus.

According to an interview with Bloomberg, Marcus said China would create a digital currency system that could be totally beyond the reach of the US authorities.

"Chinese progress could pose a real threat to US influence," he said.

If that happens, and Facebook's currency fails, Marcus believes Washington risks having a part of the world completely blocked from US sanctions.

According to Bloomberg, while US officials are buzzing over whether or not to regulate social networking cryptocurrency, Beijing is moving forward with a global digital payment system.

Libra vs China

China has been mobilizing for an electronic digital currency payment solution since Facebook's announcement of Libra in June this year.

The following month, experts predicted that if things went well, the Chinese government-backed digital currency could come out before the official launch of Libra, scheduled for 2020.

Of type ‘Central Bank Digital Currency (CBDC), it would be regulated and controlled by the central bank.

Last month it was revealed that the pound would be backed by the dollar, euro, pound, and yen fiduciary currencies and that the renminbi, China's official currency, would be left out.

At the time, a Reuters publication suggested that not including the renminbi in the Libra project may be associated with the US / China trade relationship.

Russian Ruble to Be First Fiat-Crypto Trading Option for Binance

Changpeng Zhao

Cryptocurrency exchange Binance is soon to launch its first fiat-to-crypto currency trading pairs.

Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble:

“We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.”

Until now, the company’s primary service, binance.com, has only supported crypto-to-crypto trading. However, it has launched local fiat gateways in Uganda, Singapore, Jersey and, most recently, the U.S.

Binance had said in September that fiat payments were coming for over-the-counter OTC trading – effectively, bulk deals – this month. However, his comments today appear to indicate that general trading on the exchange will also support the new options.

Also announced by the exchange on Monday, a new token pegged to the value of the bitcoin cash (BCH) cryptocurrency has been listed on its decentralized exchange, Binance DEX. Binance said its “BCH-1FD” token would bring more options for DEX users.

Here comes a new relative of Bitcoin – Libra

Here comes a new relative of Bitcoin - Libra

If past gains are no guarantee of future gains, I believe the inverted maxim should hold, too.

Past losses are not certain to be lost in the future.

And as cryptocurrencies, we teach this to the investor in faster and more certain cycles of the traditional market.

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Who like this way could realize that it was a good business to buy bitcoin below 15 thousand reais last year lows, who would say bitcoin below 10€?

About this second week, we have the story of the twin brothers Winklevoss, as likely to become movies as the story of Facebook itself, which are the protagonists.

Cameron and Tyler are portrayed in the movie "The Social Network," as ideas from Facebook and Mark Zuckerberg, as the developer who was called on to create a social network and eventually created his own.

This led to a lawsuit for Mark early in the company and a $65 million deal was struck between the parties, with the genres becoming millionaires after the pact.

This is a summary of the story and can be called Zuckerberg vs Winklevoss 1.

That's when Cameron and Tyler, looking to invest in their new big future opportunity, find bitcoin a possibility.

It decided to acquire a large chunk of this Internet currency in 2011, together they include $11 million in BTC, or about 1 percent of all bitcoins mined at the time.

If, after the lawsuit against Mark, Cameron and Tyler no longer involve social networking business, Zuckerberg now enters the area where the twins are pioneers.

That's because Facebook is launching its encryption, called Libra, which promises to rival what bitcoin wants to be from the first document published, that is, a global currency.

Obviously, a media, which loves a good battle, was asked of the Winklevoss or what they had stated about this move on Facebook.

The twins said they should be "frenemies" so far because cryptos still have a lot of markets to reach.

And so, we are facing Zuckerberg vs Winklevoss 2, no doubt.

But the difference is that Facebook today fights against something that is totally different from just one enemy or that can be completely imitated.

Fortunately, bitcoin is not a copyable messaging, photo, and video feature like Snapchat.

(The code itself can be copied, but the network effect it has cannot.)

Nor is it possible to offer a reward to the bitcoin CEO and incorporate a company into the holding company.

What remains is to try to create your own bitcoin, but this initiative is doomed to failure.

Simply because the main differential of bitcoin, which is decentralized, cannot be copied by Facebook.

The Pound threatens far more all current payment models, such as cash machines, food applications, and even banks, than bitcoin.

The collapse will start with countries banned by their citizens, using a Facebook currency to send money to a country.

Nations like India, which is one of the major remittance markets, are unlikely to allow Libra to function there.

In addition, the US government will ask for explanations about the Mark about the currency and its future plans.

After all, after the company scandals, it is totally "cool" to be against Facebook.

This will be prohibited from proceeding with Libra or it will be prohibited in the United States market.

Okay, you already have a global currency that is not as global as you need.

On the other hand, there is something similar to Libra that is not subject to censorship. Yes, it's our bitcoin.

That's why I believe this new Facebook currency can play a key role in adopting cryptos.

It is like presenting an intranet to someone who doesn't know the Internet. One may even see the value in the first, but the moment you know the second, it will migrate.

So I am very optimistic about Libra, but not about its success.

UK Regulator Going to Ban Cryptocurrencies Derivatives

Derivatives

UK market regulators are planning to ban derivatives on cryptocurrencies for retail investors, warning it is “impossible” to value them reliably, and that trading them is “akin to gambling”. A paper by the Financial Conduct Authority on Wednesday set out plans to prohibit the sale or marketing of derivatives linked to crypto-assets such as bitcoin and Ethereum from early next year. An 18-month study of the market by the watchdog concluded that cryptocurrencies could not be valued as easily as other volatile assets such as gold or orange juice. In one example, the FCA found that two analysts using the same pricing model arrived, separately, at bitcoin valuations of $20 and $8,000. “This makes it impossible to reliably value the derivatives contracts . . . linked to them,” the paper said. The watchdog said price movements in different crypto tokens — which often move in tandem — suggested the market was “driven by speculation”, rather than technological or economic developments, and was “akin to gambling”. As a result, derivatives that allow punters to place bets on the future direction of cryptocurrencies “are complex contracts built on top of complex assets”, said Christopher Woolard, the FCA’s executive director of strategy and competition. “Most consumers cannot reliably value derivatives based on unregulated crypto assets,” he added. The watchdog highlighted that consumers faced being charged high fees by the industry, estimated by the FCA at £75m over the 19-month study period. It also had concerns about the impact of “widespread” financial crime and market abuse, and technical issues such as so-called “hard forks” — splits that occur when developers cannot agree on how to update the underlying software. The FCA’s move, first mooted last year, comes amid a recent resurgence in the price of bitcoin. It touched $13,000 in recent weeks after trading close to $3,000 late last year but has since dropped to just over $11,000. The ban would cover futures, options, and exchange-traded notes, as well as contracts for difference — seemingly simple products that allow users to bet on whether prices will rise or fall. Consumers would avoid losses of £75m to £234m a year under the ban, the FCA said. Timo Schlaefer, chief executive of UK-based Kraken Futures, warned that an outright ban would drive the retail market to unregulated venues that did not follow basic client protection rules. “The most effective way to protect retail investors is . . . to take decisive action against opaque, unregulated cryptocurrency derivative platforms that have been operating unhindered for years out of Europe and offshore,” he said.

Global regulators have long had concerns about derivatives related to crypto-assets because of the widespread use of leverage, which allows users to increase the size of their trades. While consumers can magnify their gains, adverse market moves can also vastly increase the size of the losses. On Tuesday the AMF, the French regulator, passed laws that restricted the selling of contracts-for-difference in France from August. Falling market prices and a clampdown on CFDs linked to crypto assets from August last year have already dramatically shrunk the size of the UK retail market. Between August and October 2017, as bitcoin prices soared, there was roughly £3.4bn in retail client trading volume. That fell to £77m in the same three months in 2018. Two UK companies, including Kraken, offer futures contracts on tokens against the dollar. They reported having just over 13,000 retail clients trading monthly between June 2017 and December 2018. Two others offer access to exchange-traded notes listed in Sweden. They reported about 11,000 clients with almost £100m invested at the end of January.