Could Visa’s Planned ‘Digital Fiat Currency’ Spark the Emergence of Crypto-Fiat Hybrids?

As the benefits of blockchain become increasingly apparent to central banks and institutions around the globe,

mainstream financial actors are looking at ways to merge their traditional practices with crypto technologies. Such was the case earlier this month when the payments giant Visa announced it had filed a patent for a new ‘digital fiat currency’ that would exploit the benefits of blockchain whilst still be backed by traditional fiat currencies, namely American dollars. According to Visa’s CEO, the hoped-for currency would benefit from faster transaction times, greater transparency, and volume control. At the same time, the currency would avoid cryptocurrency hazards such as volatility and lack of regulatory oversight by being backed by traditional fiat currencies.

Should Visa’s plan take off, it could very well represent a turning point in the future of money, offering a bridge between fiat and crypto that could benefit millions of users around the world. Such plans are likely to gather an increased sense of urgency in light of the ongoing COVID-19 financial crisis, which has sent currencies around the world into historic levels of volatility. One of the most notable financial developments in the recent crisis, has been the haemorrhaging value of emerging market fiat currencies, with the Mexican Peso, Brazilian Real, and South African Rand all losing more than 20% of their value against the dollar since February. As this comprehensive guide to Forex trading explains, the value of currency pairs on global trading markets is intensely vulnerable to global news events. As mounting fears of a protracted recession grew earlier in the year, emerging market currencies took a huge hit as investors piled into the ‘safe haven’ currency of the US dollar.

This, in turn, makes borrowing, commodity trading, and debt servicing more expensive for emerging economies, as all of these activities are typically done in dollars. The result, as we have seen, is a vicious cycle which depreciates the value of these currencies further. Compare and contrast this with the performance of cryptocurrencies since the onset of the current crisis. Heavy hitters such as bitcoin took an initial, albeit more modest hit to their value at first, before rebounding to the point where their price has stabilized to pre-crisis levels. This development highlights how the structure and nature of cryptocurrencies can prove beneficial and preferable to fiat in times of crisis, something that Visa will likely attempt to capitalize on with their planned hybrid currency.

For one, the use of currency attached to a digital blockchain ledger has been proven to increase financial participation in emerging markets, ensuring easier access to the cash and credit that people need in times of turmoil. In addition, the instant transfer capabilities of digital currencies could help developing economies overcome the hurdles associated with limited access to much-needed, stable American dollars. With a hybrid e-currency that is pegged to the USD, emerging economies could avoid the ‘vicious cycle’ that compounds economic woes during global crises.Of course, whether such options will materialize depends on how successful initiatives like Visa’s turn out to be. Watch this space to find out. 

Article Produced By
Coinpedia Staff

This is an official account of Coinpedia.org, used to publish guest posts including Press releases and other related news. It is also used to update information on wallet, tools and DEX.

https://coinpedia.org/news/visas-planned-digital-fiat-currency/

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Ethereum Soars Over 125% Since March: What to Expect Now?

Almost all markets across the world have been in turmoil owing to the economic uncertainties

brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and it is important to take a closer look at it. In this regard, it should be noted that ETH is the second-biggest cryptocurrency in the world, and its recovery might have an impact on the wider crypto market.

Major Triggers

The recovery has been quite remarkable, and it is only natural that investors are taking note of Ethereum since it rose 125% from its lowest levels. In a new development, it has now emerged that Grayscale Investments has acquired as much as half of all the ETH tokens that had been mined this year. The actions of Grayscale could well be one of the major reasons behind the rally enjoyed by the cryptocurrency this year. According to a post that was published on Reddit, Grayscale now owns 1.1% of all the ETH tokens that are currently in circulation. It is a significant development for ETH and marks the entry of an entity that looks after the interests of institutional investors. Grayscale is currently focused on a total of 10 cryptocurrency-related investment products and primarily caters to the interests of institutional investors.

ETH is in Focus Ahead of Ethereum 2.0: What to E#xpect?

At this point, Grayscale has investments worth $2.7 billion in its books, and out of that, the Ethereum Trust consists of investments to the tune of $234.7 million. It needs to be kept in mind that over the years, it has been said that the flow of institutional money is going to be the main trigger behind the growth of the crypto market, and it seems like perhaps this is finally happening. It remains to be seen how this latest development affects the attitudes of other investors with regards to Ethereum.

Article Produced By
Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS — finance) from ICFAI. Currently, he serves as a financial consultant and technical analyst at Tradersinsights.com.

https://cryptocurrencynews.com/ethereum-soars-expectations-04-28-20/

 

How Blockchain can change the business?

Do you want to know how does this technology work?

What are the characteristics of the blockchain that make it attractive to the business? What are the main application areas and projects underway in 2020? What are the points of attention for CIO and top management? Eefficiency, innovation and cyber security: these are the three priorities on which most of the attention of companies focuses today and in all of these the application of the blockchain can “make a difference”. We see below a brief explanation of what blockchain is, how it works and what the main application areas are. Click on Bitcoin Up to know more.

Federated Byzantine Agreement (FBA) –

If those described are the two main protocols, others have been created, partly a derivation of these, partly with totally new elements. Among the most interesting are the Federated Byzantine Agreement (FBA), developed by the Stellar Development Foundation (and used since the second half of 2015 by the Stellar blockchain ) based on trusted units (quorum slices) decided by the individual servers that together establish the level of consent of the system. The difference between public and private blockchain Finally, remember that if the blockchain was born as a public way to carry out transactions, Blockchain 2.0 sees the spread of this technology. And it increases the chances to earn more money. The latter are often the result of the creation of consortia for specific supply chains. We can therefore say that we have:

• Ppublic blockchain: everyone can access and operate transactions within it or participate in the validation process.
• Bblockchain consortia: the authorization process is delegated to a pre-selected group (among the main consortia there is for example R3 which groups the largest banks in the world). The possibility of joining the blockchain and of carrying out transactions within it can be public or limited to participants only. This type of permission blockchain is particularly suitable for use in the business world.

3 types of blockchain applications, from bitcoin wallets onwards

Today the applications of this technology can be divided into three macro categories based on the development stage of the technologies used. The Blockchain 1.0 category concerns all financial applications for the management of cryptocurrencies (regardless of the validation protocol used) starting from the historical (and which currently still holds the leadership of cryptocurrencies) Bitcoin. In practice, bitcoins are files that can be saved in each user’s digital wallet. Each bitcoin address in the wallet can be associated with a variable number of bitcoins. And each address (public key) is associated with a digital signature (private key), to make sure that only the owner of a certain address can initiate a transaction linked to it. The Blockchain 2.0 category extends the blockchain to sectors other than the financial sector thanks to the implementation of smart contracts The next step will be that of Blockchain 3.0 with the spread of (decentralized applications): a future in which we will all use blockchain technologies, probably without even realizing it, because they are encapsulated in the “things” connected to each other, without human intervention, with applications that will self-compile.

The “crypto-winter”

After the strong media attention received in 2017, driven by the increase in their price, 2018 is characterized by an unstoppable collapse in terms of capitalization. The whole Blockchain community coined a new term to define this moment: “crypto winter “. But winter hasn’t come for the technology behind cryptocurrencies. The Blockchain continues to arouse great interest from companies. The technology evolves, thanks also to the efforts made by the developer communities that revolve around public Blockchains. Meanwhile, the future remains to be written. In the exposition of this text we will therefore speak of Bitcoin blockchain (with a capital “B”), blockchain technologies (with a small “b”) and Distributed Ledger Technologies or the acronym DLT. So crypto-winter is person who is ready to earn by crypto money. He must aware about latest technology of the crypto and know how to use these techniques to earn money. There are many software which are used by the investor to earn more and more cash using the simple techniques and without doing any affords.

Article Produced By
UseTheBitcoin

https://usethebitcoin.com/how-blockchain-can-change-the-business/

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Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

In one of the more overlooked aspects of the crypto ecosystem,

it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams. CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on regulated exchanges. 

Most of the leading exchanges adhere to the demands of the regulatory regimes in their locales, whether they be in the US or some more obscure locations like Seychelles. Conventional wisdom would indicate that the growing adherence to stricter KYC/AML enforcement has reduced the appeal of major crypto exchanges for money laundering — a sentiment mirrored by CipherTrace’s most recent report. Many exchange venues are also embedding self-regulatory procedures into their business models. For example, exchanges are increasingly tapping blockchain surveillance companies to avoid regulatory ire when it comes to money laundering, regulators are dealing out enforcement dictates for AML compliance, and regulatory arbitrage is becoming harder for exchanges to manage. Even more grassroots access venues to crypto assets, like Bitcoin ATMs, are fully regulated under US KYC/AML laws. For example, Bitcoin ATM provider, Bitcoin of America (BOA), with more than 250 locations in 17 states, is a registered Money Services Business (MSB) with the Treasury Department. And the company’s compliance standards have already proved fruitful in mitigating fraud at a high level.  

For instance, in one case in September 2019, a BOA customer placed an online order for $500k in BTC. The transaction size raised the compliance level (e.g., identification requirements, etc.) along with increased scrutiny on the transaction by the team. Upon closer examination, the BOA team discovered that the customer had a restitution order against him in the state of California for a previous fraud scheme. BOA personnel subsequently notified the corresponding FBI office and alerted the agency that the transaction may be used to circumvent the restitution order. The FBI issued a seizure warrant for the funds, distributing to the victims of the previous scam. Bitcoin of America and other alternative fiat-to-crypto exchange services have strict command over fraud prevention. Wires and online transfers require ID And other personal info that increases in tiers in lockstep with the transaction amount increases. As the avalanche of KYC/AML processes continues to take the exchange market by storm, exchanges become less appealing for hackers. 

Gone are the days of absconding with $500 million anonymously. Exchanges thoroughly identify users withdrawing sizeable amounts, and blockchain surveillance companies like CipherTrace can trace and blacklist stolen assets on public blockchains. As a result, crypto hackers have turned into crypto fraudsters, or maybe fraudsters simply have their moment to shine. For example, debacles like QuadrigaCX, where roughly $200 million was “misplaced” by the founder, count as fraud. With reduced incentives for third-parties to maliciously steal funds from an exchange due to surveillance risks, inside jobs are becoming more commonplace. Inside jobs may be the new normal, especially when you consider the vastly improved security practices of most industry exchange venues. 

Better Security Practices are Forcing Hackers to Get Creative 

Unsurprisingly, many of the biggest crypto exchange hacks are inextricably linked to poor security standards of exchanges. Lousy security practices ranged from storing significant sums of customer deposits in hot wallets to a lack of multi-signature authorization for large withdrawals. Times are different now. Regulated custodians like BitGo are widely tapped by many of the leading exchanges, and self-custody digital asset management platforms like Ledger Vault are rapidly becoming the new standard. These services offer secure multi-signature authorization mechanisms, deep cold storage, and other conditional flows required to mitigate any potential exogenous threats to pilfer customer funds. Hackers are acutely aware of this dilemma. Naturally, they have shifted focus to DeFi hacks like the BZx attack. Flash loan attacks are likely to become the new normal as they essentially allow hackers to capitalize with massive sums at little cost. However, zooming out, DeFi liquidity pools and protocols contain vastly fewer aggregates of assets than their centralized exchange counterparts. 

Hackers will have to get creative probing DeFi KYC protocols, but the days of repetitive strings of high-profile centralized exchange hacks may be waning. That’s a net positive for the industry. Inside jobs are likely to continue in popularity, however, but that’s no different than the legacy financial world. Fraud is much more commonplace in banking that overt hacks on banking security layers, which may end up reflecting the new standard in the crypto ecosystem. Either the lack of headline-snatching hacks in 2020 is portending that we’re due for another big one, or KYC/AML processes and better security practices are working well. If that’s the case, look for more QuadrigaCX scandals than CoinCheck-style hacks. 

Article Produced By
Danielle Sabrina

Named by CIO as a female entrepreneur to follow, and member of the Forbes Agency Council, Danielle Sabrina started her career on Wall Street at just 19 years old, going to become one of the youngest equity traders in the industry. After a successful corporate career, she went on to found her media company Tribe Builder Media, a hybrid agency that connects the worlds of digital marketing, public relations and experiential marketing. Her experience with a diverse client base — which includes Tech, FinTech, Influencers, NBA/NFL players and celebrities has garnered Danielle the reputation of being one of the most sought-after publicists and strategists in media. Her thought leadership has been featured in Forbes, Entrepreneur Magazine, Inc., Huffington Post and many others.

 

https://globalcoinreport.com/cryptocurrency-fraud-is-evolving-bitcoin-atms-mitigate-risk/

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Illegal to Own Gold? Hedge Fund Manager Warns Governments May Ban Gold Ownership

 

A well-known hedge fund manager has warned that governments may ban private gold ownership. He explained that central banks may attempt to demonetize gold, making it illegal for private individuals to own, as the authorities lose control of inflation amid the coronavirus-led economic crisis.

Is Gold Safe? Governments May Make Owning Gold Illegal for Private Individuals

Central banks might outlaw private gold ownership if they lose control of inflation amid the coronavirus crisis, London-based hedge fund manager Crispin Odey warned clients in a letter seen by Bloomberg on Wednesday. He was quoted by the news outlet as saying:

It is no surprise that people are buying gold. But the authorities may attempt at some point to demonetise gold, making it illegal to own as a private individual.

U.K.-based hedge fund manager Crispin Odey has warned that governments may ban personal gold ownership for private individuals if they lose control of inflation.

The hedge fund manager added that the governments “will only do this if they feel the need to create a stable unit of account for world trade.” He has compared the current coronavirus crisis to the Great Depression of the 1930s, arguing that central banks would fail to contain inflation as the economy eventually recovers from the impact of global lockdowns.

Odey, a high-profile hedge fund manager known for his apocalyptic predictions, has repeatedly criticized central banks’ policies. He launched his company, Odey Asset Management, in 1991. Citing inflation forecasts of 5% to 15% within 15 months, he predicted that high inflation would hurt long-dated bonds and growth stocks, betting that gold will benefit as high inflation follows the coronavirus crisis. His flagship investment fund, the Odey European Inc., gained 21% in March but was down 9.5% in April, his letter to clients discloses. He increased his fund’s gold position during April and holdings of June gold futures represented 39.9% of the fund’s net asset value at the end of the month, up from 15.9% at the end of March.

 

Possibility of Governments Seizing Gold During Crisis

Many gold owners fear that their governments could seize their gold, pointing to the U.S. confiscating people’s gold during the Great Depression in 1933. The government of then-president Franklin D. Roosevelt seized all gold bullion and coins via Executive Order 1602, forcing citizens to sell their gold at well below market rates. A new official rate for gold was subsequently set that was much higher as part of the Gold Reserve Act 1934. In his letter to clients, Odey warned:

History is filled with examples where rulers have, in moments of crisis, resorted to debasing the coinage … I very much expect that the authorities will fight these prevailing trends for every inch of the way, but I also expect them to lose the fight.

What do you think about governments banning private gold ownership? Let us know in the comments section below.

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IS CRITICAL THINKING BEING SUPPRESSED? 

What Exactly Is Critical Thinking?

Critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action.

Ban Anything That Upsets The Status Quo 

Over the last few years, YouTube has made headlines with its incessant banning of videos and de-platforming of influencers’ accounts causing loss of income and online presence. Last year, Youtube de-platformed a myriad of ‘alt-right’ and so-called ‘conspiracy’ groups and removed these channels from the video streaming site. 

Youtube also started targeting cryptocurrency content creators and YouTubers who operated channels that discussed bitcoin and other digital assets. In late 2019, YouTube officials removed a massive number of cryptocurrency video channels for very little reasoning. The company typically just tells the person that the channel had “violated community guidelines.”

This week Bitcoin.com was also censored for sharing a video about their bitcoin mining pool. Bitcoin.com’s YouTube account was given one strike for allegedly “violating community guidelines”. This begs the question,  “Who or what consists of their so-called community?” 

When YouTube, the online video-sharing platform first started back in 2005, it was a community of people sharing ideas and fun videos with very little moderation and censorship. Now it’s looking more like the Ministry of Propaganda.  For the last three months, YouTube, now under the ownership of Google, has taken part in historic amounts of censorship regarding the COVID-19 pandemic. YouTube CEO, Susan Wojcicki said that any videos that were in opposition to the World Health Organization (WHO) narrative of the COVID-19 outbreak would be removed.  

Subsequently, Wojcicki’s ruling was carried out as many videos were banned that portrayed another opinion or fact that went against the WHO narrative regarding the ‘official’ coronavirus data. YouTube and Wojcicki decided to shelter the public from progressive ideas and data that just may have some truth in them because it went against the authorities. 

Since the beginning of this virus and the panic it has caused, we now have proof as more research is taking place from many respected scientific think tanks, and epidemiologists are now trying to tell the public that the lockdowns were very irrational. 

Despite the proof, Youtube has banned a number of videos that go against the ongoing fear-mongering narrative. When a video was posted on Youtube that featured Dr. Daniel W. Erickson and Dr. Artin Massihi from California, the video got 5 million views before it was removed. 

 

Youtube also banned a video called “Plandemic,” which featured Dr. Judy Mikovits soon after it was published on the online video sharing platform. Youtube, however, does allow videos that rebut Judy Mikovits, Daniel W. Erickson, and Dr. Artin Massihi’s narratives. The company has no issues allowing rebuttals that stay on course with the fear-mongering narrative.

Whatever the veracity of the doctors’ claims, YouTube’s censorship of unorthodox ideas in the name of protecting the public from misinformation is misguided and counter-productive. Sheltering the public from ideas, even bad ones, only makes society more susceptible to dangerous error. Knowledge is power and surely we should be able to think for ourselves and have the ability to investigate.

 

Across social media, censors have been racing to limit the flow of information that questions these new laws imposed. Facebook also conceded it had been working with state governments in California, New Jersey, and Nebraska to remove pages for anti-stay-at-home protests events that are popping up all over the platform. 

Ron Coleman, a prominent First Amendment lawyer said in a recent interview. 

“It’s the kind of totalitarian thinking and conduct that has cost millions of lives in recent world history. The fact that it’s being done by private companies and not government doesn’t change that.” 

 

The former head of biostatistics, epidemiology, and research design at Rockefeller University, Dr. Knut M. Wittkowski, recently told the public that Youtube had banned his video that went against the lockdown, and over-reaction narrative after it gathered more than 1.3 million views. 

Wittkowski, who holds two doctorates in computer science and medical biometry, believes the coronavirus should be allowed to create “herd immunity,” and that short of a vaccine, the pandemic will only end after it has sufficiently spread through the population.

“With all respiratory diseases, the only thing that stops the disease is herd immunity. About 80% of the people need to have had contact with the virus, and the majority of them won’t even have recognized that they were infected,” he says in the now-deleted video.

Wittkowski told The Post, saying he had no idea why it was removed. 

“I was just explaining what we had…They don’t tell you. They just say it violates our community standards. There’s no explanation for what those standards are or what standards it violated.”

Dr. Andrew Kaufman’s videos were also removed when he spoke out against the stay-at-home narrative and the data spread by people like the epidemiologist Neil Ferguson dubbed Professor Lockdown who broke his own rule after convincing Prime Minister of the U.K. Boris Johnston to enforce the stay at home rule. 

 

YouTube’s Latest Target

Now Youtube has banned one of Bitcoin.com’s videos for sharing information about their mining pool. The video removal was based on the company’s “sale of regulated goods” policy and the video allegedly went against “community guidelines.” 

The Bitcoin.com account was given a single strike, which gives the account a one week probation period. Two to three strikes could lead to far worse restrictions against the Bitcoin.com account that merely shares information and resources about cryptocurrency solutions. 

Bitcoin.com’s CEO Mate Tokay has spoken out against the Youtube censorship in a tweet letting the company and Wojcicki know they have been immoral, irrational, and illogical. 

 

Censorship tends to manipulate reality and it has engendered evil numerous times over the course of history. Social media platforms are private companies and they can impose any restrictions they choose, but what they choose to censor seems to be agenda-driven and in line with the status quo of authoritarianism. 

 

Critical Thinking Not Allowed

YouTube seems to ban videos that allow for critical thinking. Cryptocurrency is one sector that gains grassroots attention and makes people think critically. Censorship and the fact they allow fake news and propaganda certainly unveil the true colors of YouTube that it just may not have the best interests of the global community in mind.  

YouTube has banned videos that question the ‘official’ COVID-19 statistics because people are now realizing that a virus with a 99% survival rate isn’t as devastating as we first thought. As they scurry to remove the videos as soon as they emerge, it’s too little too late as millions have already seen them and the information that may just deliver a different point of view or perhaps even the truth. 

As FEE.org explains, “Youtube’s censorship of dissenting doctors will backfire.” By taking down the videos, YouTube has limited the extent to which that social learning can happen and insulated the error from debunking. If anything, YouTube’s censorship has lent additional credence to whatever mistakes they made by feeding into the narrative that the powers-that-be fear its truth. The debunking is being drowned out by outrage over the censorship. And the Streisand Effect (how censorship can boost something’s publicity) is causing it to spread even more.

As more people realize and get sick and tired of the tech giants’ antics the more they will migrate to other platforms that do want to genuinely help people understand and change the world, giving back freedom of choice and allowing citizens to think for themselves. Once upon a time, there was nowhere else to go but now things are changing.  

 

Image credit: observatory.tec

Markethive Encourages Critical Thinking

We have a future here where we can operate on a platform of decentralized data, a platform that advocates self-sovereignty. Markethive is a next-generation Social Market Network, built on the Blockchain that has positioned itself as a complete ecosystem for Entrepreneurs. 

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Markethive's foundation is built upon integrity, transparency, and autonomy. As we live in a not so perfect world, there is always negativity, topics, and opinions that individuals may not agree with or even find offensive. You will have the ability to filter your newsfeed and block any, what you consider, unsavory characters, or content, remembering your newsfeed is your property. There are no corporate officials deciding for you. That gives people the right and freedom to choose for themselves who they wish to communicate with what they wish to see. There is a saying “Live And Let Live” and I consider these wise words.

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Markethive’s Design And Vision

Markethive is a decentralized, autonomous, fluid environment which includes manifestations of intellectual achievements, social habits, innovation, music, literature, technology, commerce, and the arts. A central “hub” built using blockchain technology, is designed to encourage “reciprocal interchange” of ideas, knowledge, or skills as well as providing for exchange, sales or purchases of goods, services, and commodities. 

This premier hybrid social network includes news feeds, blogging platforms, video channels, chat channels, groups, image sharing, link hubs, resume, profile page, with additional platforms for ecommerce and digital news site. 

But more than a social network, Markethive has also delivered  “Inbound Marketing tools” like broadcasting, capture pages, lead funnels, autoresponders, self-replicating group tools, traffic analytics, CMS, and more. This is provided for free to you and what’s more, you are paid for learning and using the platform. Markethive’s focus is on the rights of the people and providing a user-friendly, rewarding solution that is so much in need of right now. 

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Markethive Is About To Start Its Engines

Markethive is in BETA at the moment as engineers are working tirelessly to implement all facets of this monumental system that caters to the entire worldwide market of entrepreneurs. That includes small businesses, local businesses, regional businesses, global businesses, cottage industries, real estate agents, mortgage brokers, insurance agents, affiliate marketers, software innovators, musicians, churches, political platforms, political candidates, distributors, network marketers, innovators, and dreamers! 

The engine power that Markethive has will make this a goliath in social media, inbound marketing, cryptocurrency, ecommerce, and digital media distribution. 

Many systems within the platform are up and running now and as we near the completion of the Markethive wallet we are continuously growing as more people become aware of who and what we are and stand for. Intrinsically, Markethive gives the power back to the people. It has been built for the people, by the people and is of the people. We will reach that moment when the whole world will notice as we rise up as a giant voice of the ENTREPRENEUR! 

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Reference: Bitcoin.com
 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving

 

Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward.

According to data from Coinmetrics, miners have collected the equivalent of 1,176 BTC in transaction fees since Bitcoin’s third supply cut on May 11. That compares with 818 BTC earned as fees in April and 1,251 BTC in March, the figures show.

Miners reap fewer bitcoin with each halving. The latest event slashed rewards paid to miners by 50% to 6.25 BTC, leaving some operators on the brink of collapse. The bonuses are a major revenue source for mining companies.

Now, as the third halving whipped up retail interest, demand for processing transactions through the Bitcoin network rose, causing fees to soar.

Since May 11, the average transaction cost for BTC has climbed as much as 220% to more than $6.40, as per Bitinfocharts. On the day of the halving, fees averaged just below $2. Transaction costs had already been rising two weeks prior to the event, spiking 400%.

Fees are paid each time a Bitcoin transaction is processed and confirmed by a miner, who pockets the fees, in addition to the block reward, as revenue.

There’s been some suggestion that miners are using higher fees to compensate for lost revenue from the block reward cut — creating what could arguably become a future market for BTC, one based on fees. Proponents argue higher fees help keep the Bitcoin network secure.

But bitcoin fundamentalists are unimpressed, citing high cost as a stumbling block to mass adoption. Miners are now hoping that the price of BTC rises above $10,000 and stays there, for them to remain profitable.

What do you think about the rising transaction fees? Let us know in the comments section below.

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Bitcoin SV’s Intraday Gain Sees Downside Corrections

Bitcoin’s price trend has recently stopped its bull-run that it was carrying to hit the $10,000 price mark.

With this, the crypto market has taken a bearish turn around as the prices are responding to BTC’s price decline. Bitcoin SV is no exception when it comes to such market volatility. The currency is holding a moderate bearish bias today since 03:00 UTC. It is visible that in the current disturbed market, a fresh start something a bit too much to ask for. However, at least a steady movement above the key support level is crucial.

Bitcoin SV Price Analysis

BSV/USD opened yesterday at around $187, and it remained around that price range for a while. A bullish breakout took place when the price of Bitcoin SV stepped up a bit and traded above $189.It is today morning when the coin has seen a sharp bullish move, and it cleared a few resistance levels above 50% fib level and reached $206.93 by registering a 9.30% hike. However, the downward correction that occurred in the latter half of today has ushered the BSV price below the 50% fib level. Currently, Bitcoin SV technicals are indicating mixed signals. The currency is well above the 200-day EMA line while the MACD indicator is in the negative zone. At the moment, BSV needs a support level, which is what it is testing at $198.

Article Produced By
Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

https://www.cryptonewsz.com/bitcoin-svs-intraday-gain-sees-downside-corrections/

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Coinmama Review 2020 — Is it 100% Reliable and Safe?

Coinmama is a bitcoin and cryptocurrency exchange where you can buy Bitcoins via credit card,

debit card or bank wire, with availability to nearly anyone in the world. In this Coinmama review, we will go through all major questions and dilemmas around Coinmama: reviewing how Coinmama works, how to register and buy bitcoins on Coinmama, what coins and countries Coinmama supports plus many other topics around this crypto exchange. Coinmama is one of the oldest Bitcoin exchanges in business, and it has been selling Bitcoins via credit/debit cards for longer than any other company. We will take a deeper dive into workings of this exchange in our Coinmama review — so let’s go.

How Coinmama works?

Coinmama is different to many other exchanges in one major way: it doesn’t keep your coins in its own wallets after you buy them via their service. Rather, Coinmama sends them right away to your own wallet. This is a great deterrent for hackers as they have no incentive to attack Coinmama servers since they hold no cryptocurrencies.

Is Coinmama instant?

Buying process on Coinmama is very simple. There are couple of payment methods that are accepted and if you wondered if Coinmama is instant — the answer is yes — as soon as you make the payment, coins are on their way to your wallet.

Accepted payment methods on Coinmama

Various payment methods are supported as well, so Coinmama customers can invest in Bitcoin via Visa and MasterCard credit and debit cards and cash. One of the most important changes in the Bitcoin industry is how simple it has become to purchase Bitcoins with a credit card. This is mainly because of the fact that companies like Simplex have allowed brokers and exchanges to verify users with less risk. Coinmama integrates Simplex in its system and allows you to pay with any MasterCard or Visa you might have, which is a much welcomed change because, without this, you’d be bound to the old methods of actually going to your local Western Union counter and depositing money.

Bank account — SWIFT and SEPA

Aside of buying bitcoin with credit card on Coinmama, you can buy bitcoin or other crypto with the following methods as well:

• Buy Bitcoin with Bank Account — You can buy Bitcoin with bank transfer using SEPA (Europe), SWIFT (worldwide), or Faster Payments (UK). Benefits of this payment method include higher spending limits plus low or no payment processing fees.
  • Buy Bitcoin with SEPA — Customers in Europe will use SEPA bank transfer to place orders of up to 30,000 USD at a time, depending on verification level. Unlike credit card orders, SEPA transfers carry no additional processing fee.
  • Buy Bitcoin with SWIFT — SWIFT transfers are aimed at global customers of Coinmama to buy Bitcoin directly from their bank account with daily limits of up to 30,000 USD depending on verification level, no processing fees on orders over 1,000 USD, and a low flat fee of 20 GBP on orders below 1,000 USD.

How to register and use Coinmama?

In order to use this exchange, you need to sign up first. Unlike some of its competitors, Coinmama has no mobile app yet and is only currently available as a website. On the other hand, it is on par with its competition in terms of KYC procedures — you need to be fully verified in order to buy crypto on Coinmama. Sign up process is easy — you go to Coinmama.com and click on register. Once you fill out the form, click next and finish the process. Don’t forget to confirm your email address by clicking the link Coinmama send to your email!

How to verify on Coinmama?

Another question we come across often is: how to get documents verified on Coinmama? You will have to upload official government issued ID and wait for Coinmama approval.

Coinmama requires the following steps in order to verify you:

• all photos you upload need to visible in their entirety;
• high quality images;
• valid documents, with details like expiry date clearly visible;
• maximum file size of 8MB.

Verification process usually takes couple of hours during the working time and a bit longer if you start your verification in the evenings or weekends. Coinmama has three tiers for its users, and each tier requires additional KYC requirements. Earn passive income with Quadency trading bot. Connect Binance account and use Quadency bot for 6 months completely free. Hurry up, this deal is not around for long!

• Limit level 1: buying limit up to $ 15,000

Required documents for this category: -A selfie with valid government-issued ID-card-A note with “Coinmama” and date mentioned on it 

• Limit level 2: buying limit up to $50,000

On top of the tier 1 verification, you need to upload two government-issued ID card and scanned image of a utility bill that can be anything like electricity bills, gas bills, property tax receipts, bank statements, or credit card statement.

• Limit level 3: Up to $100,000

How to Buy Bitcoin on Coinmama

Coinmama is a bit different than other exchanges when it comes to buying crypto. They do not store anything on their servers — not your credit card details nor your coins. So how do Coinmama purchases work? You create an order, choose how many bitcoin or other coins you want to buy and then proceed to the checkout page, where you enter your credit card details.

After finishing the payment, the cryptocurrency is sent immediately to the user’s private wallet address, not a wallet that is kept on Coinmama servers. The minimum purchase amount on Coinmama is 60 USD (or its equivalent in EUR) at present, although this is based on the price of Bitcoin. When you use other exchanges like Binance or Coinbase, your cryptocurrencies are stored inside the exchange’s wallet address, on their servers (which is highly inadvisable.). However, when you enter your payment details and buy crypto on Coinmama, your coins are instantly sent to your own wallet as soon as the payment goes through! Needless to say this is much safer for both you and the exchange (avoids the risk of being hacked).

Supported currencies on Coinmama

Coinmama accepts all major world currencies:

• USD
• EUR
• British Pound
• Canadian Dollars
• Australian Dollars

You can buy these cryptocurrencies:

• BTC
• ETH
• LTC
• BCH
• ETC
• XRP
• QTUM
• ADA

What are Coinmama Fees?

Burning question for every crypto buyer are fees that platforms charge. As you might have already noticed in this Coinmama review, this exchange is setting itself apart from the rest in many respects, this one included. The fees are now lower because the process has become much more advanced. Just so you’ll get a perspective — before the change to credit cards was made, one Bitcoin would cost you $310 when the corresponding Bitstamp rate was only $257, which is a whooping 22% fee. Ouch! After changes were implemented fees are about 6.5%, which may still sound like a lot. However, if you look around at companies selling you Bitcoin with credit card as a payment method, you’ll see that it’s basically the same fee everywhere. The reason why fees are so high is because of expensive measures these companies have to deploy in order to avoid fraud and chargebacks.

Can you sell on Coinmama?

Yes, you can sell cryptocurrencies on Coinmama. You only need two things to do so: your cryptocurrency wallet and a bank account and Coinmama will take care of the whole process.

How to sell on Coinmama

You can sell bitcoin on Coinmama in four easy steps:

1. Log into your Coinmama account and click on “Sell” — Input your Coinmama login information, then choose the Sell option from your main account screen. If you don’t already have an account, you can register here.
2. Enter the Bitcoin amount you’d like to sell — Put in the Bitcoin quantity you’d like to sell to see the BTC conversion rate in your preferred currency. You can also enter a currency amount (such as USD or EUR) to see the Bitcoin quantity.
3. Make your order — Follow the prompts to create your order. Enter your bank country, account information, and personal details.
4. Transfer your coins — Send the exact amount of Bitcoin selected to the wallet address provided in a single transaction, or scan the QR code from your wallet app. Once we receive your coins, we will transfer the payout amount to the bank account you provided.

Coinmama customer support

A huge plus for this positive Coinmama review is their customer support that works mostly via live chat in the following working hours. If you need to contact Coinmama customer support outside these hours, you can either send an email, open a support ticket or even contact them on Facebook! There is also an extensive knowledgebase with FAQs which is very useful for the most common issues users have with the exchange.

You Get Your Bitcoins Instantly

The speed at which you get your coins is the last thing that gets dramatically improved. In the past, when you could buy Bitcoins with Western Union, you’d have to wait for a wire confirmation to arrive from Western Union. Today, you can withdraw your coins as soon as your payment has cleared, which is completely awesome. This is crucial, because sometimes a day or two can mean wide price fluctuations in Bitcoin. This means that you could end up purchasing coins for more or less than you intended.  Keep in mind that there is a limit for first time users on how much you can buy (at the time or writing this limit is $5,000 per day, and up to $20,000 worth per month).

Can Coinmama be trusted — Security and Privacy

Coinmama stores your personal data on secured servers. Also, the site uses high-level encryption and authentication measures to ensure your details and money are safe. Coinmama allows its users buying less than $150 worth of Bitcoins without uploading pictures of an ID, but any amount over $150 worth of Bitcoins will require full identity verification.

Availability — What countries does Coinmama support?

Coinmama offers the service worldwide. You might have limited functions in some countries (for example, if a country shows up on a sanctions list maintained by the US Office of Foreign Assets Control (OFAC), UK Treasury, European Union, or United Nations, CoinMama will not operate there). However, overall, the service is available in the widest range of countries.

Is Coinmama Easy to Use?

It’s incredibly easy to buy Bitcoins at Coinmama, which is one of the reasons they’re so popular. That is why this Coinmama review will end on a good note for the exchange — there is simply nothing to complain about. When you visit Coinmama, you’ll notice that the UI is intuitive and simple, and that not one element is ambiguous or confusing. The site is simple, fast, and there are no obstacles aside from the verification requirements at various purchase volumes. All these things make for an ultra-easy buying process.

Conclusion — Should I use Coinmama and is it legit and safe?

In conclusion of this Coinmama review we can say that this is a reputable company, so the short answer is yes, Coinmama is legit and safe to buy crypto on it. The only downfall is its high fees, which unfortunately can’t be avoided when using a credit card at the moment. On the other hand, the long answer to the question is “it depends”. If you have the option to use a different payment method other than a credit card then I’d go elsewhere to avoid paying the high fees. All in all, the service is solid and hopefully in the near future, it will become more affordable.

FAQs

Is Coinmama safe and legit?

Yes, Coinmama is a safe and legit place to buy bitcoins and other offered coins like ETH, ADA, XRP, LTC, QTUM.

Where is Coinmama located and can it be trusted?

Coinmama was started in 2013 as a startup in Israel and has since expanded and served over 2m customers in over 180 countries with over 30 employees. Today, the company is registered in EU, more precisely in Slovakia while still owned and headquartered by New Bit Ventures in Israel.

How long does it take Coinmama to verify?

Initial level 1 verification on Coinmama usually takes 10 minutes. After this verification, you will have your bought bitcoins delivered instantly. However, level 2 and 3 verification may take up to six hours.

What states does Coinmama work?

Coinmama is available in the following US states: Arizona, California, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, Montana, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin.

Does Coinmama require ID?

Yes. Coinmama requires 1 valid government issued ID and a selfie of yourself holding that ID and a note with “Coinmama” and today’s date written on it.

Can you sell on Coinmama?

Yes, you can sell bitcoins on Coinmama. Selling cryptocurrency with Coinmama is currently available to customers in Europe that are part of SEPA.

Is Coinmama an exchange or a wallet?

Coinmama is a crypto exchange where you can buy bitcoin and other coins instantly.        

Does Coinmama have a mobile app (Android or iOS)?

No, currently you can access Coinmama only through a web-browser via their website. They also do not have a publicly available API integration which is the most common way apps and services interact with each other in online world.

Article Produced By
Felix Kuester

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community — both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

https://captainaltcoin.com/coinmama-exchange-review/

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