Bitcoin making the payments world better

Bitcoin is the digital currency which is created and held electronically and is the first successful digital coin that can be transferred over the web. Bitcoin is a peer-to-peer payment network which in simple words means that it can be transferred from a person to another directly over the internet, taking out middlemen such as banks and credit agencies

The crypto crash of 2019 considerably changed the dynamics in the crypto market and ensured a clean-up of the crypto market. Cryptocurrency price changes are no longer dramatic and the Bitcoin has become significantly stable. The new crypto market is being driven by institutional money in combination with the new wave of innovation and adoption which will come from security tokens combined with stable coins. The crypto market is also becoming more regulated, and therefore more accessible to the public and efficient. The New York Stock Exchange’s operator is to start working with Bitcoin futures in 2020, while Nasdaq will follow their lead a year later. Bitcoin has matured as an investment vehicle, primarily with the introduction of Bitcoin futures, allowing for adoption, as investors short Bitcoin and settle contracts in real money, as well as trade-off Bitcoin even when they do not own bitcoin.

Bitcoin users can accept and send Bitcoin payments of any size from anywhere in the world in seconds instantly which allows users to minimize the amount of cash and plastic they need to carry around. People comfortable and conversant with bitcoin may travel solely with it as a means to an alternate source of income. An Australian beach town in Central Queensland became the first digital currency-friendly tourist town.

As bitcoin can be used to initiate global payments around the world at insignificant costs and in near real-time, it offers an opportunity for crowdfunding by anyone around the world to help support charities and any foundations. You can offer aid to any foundation from anywhere in the world to help a cause. You can also scan a QR code to make payment into a bitcoin wallet. This use of bitcoin is an initiate of Project 256.

If an woocommerce coupon company permits bitcoin to be used to complete purchases, it has advantages such as cutting out middlemen, cutting down transaction fees, increasing the speed of transaction and can boost trade in some developing countries. It is also very secure, and so can be used to encrypt keys of a digital wallet. Because Bitcoin is instantaneous, users have peace of mind that a transaction is completed for sure, and so reduces time where a payment remains pending for a period of time. The instantaneous nature of bitcoins, along with its security means that chargebacks are very unlikely to occur. You can accept Bitcoin through the use of payment buttons, invoices or custom integrations. Bitcoin is still very relatively new in the woocommerce smart coupons space, so if you are going to use it, ensure there are FAQs to guide the customer and make the UX as intuitive as possible.

Bitcoin may be used to integrate the unbanked. It can be used for digital micro-loans, on monetary exchanges and for cross border remittances.

As bitcoin is a digital asset, it can be moved automatically, allowing for programmable money and smart contracts. Escrow accounts are already used for transactions, such as real estate deals. Customers’ deposits can have held in the escrow accounts and only goes to the seller after what the buyer paid for has been delivered. In a digital age where trust can be crucial to people who want to transact with sellers or buyers they don’t know, this system can be used for varying amounts.

Researchers are working on ways to map bitcoin transactions in the ledger to IP addresses. Although this system is not perfect yet, this exploration into computer science, economics, and forensics will help nab criminals and can also serve as a guard against money laundering.

Bitcoins are not associated with a bank account or cash funds, and because they're only transferred electronically through blockchain ledger systems, they are likely to reduce fraud overall in the future.

National banks of countries that are subject to extreme conflict or financial mismanagement might begin supporting cryptocurrencies by supplementing the gold reserves with bitcoin as it is a trust-minimized cryptocurrency solution.

About the author:
Junaid Ali Qureshi is an ecommerce entrepreneur with a passion for emerging tech marketing and ecommerce development. Some of his current ventures include Progos Tech (an Woocommerce mix and match), Elabelz.com , Titan Tech and Smart Marketing.


Taxing Crypto: Currency or Commodity?

The world saw its first bona fide cryptocurrency in 2009 with the advent of Bitcoin. Since then, cryptos have taken the realm of fintech by storm. Its rise in popularity billowed so rapidly, in fact, that nations are unsure how to regulate it. The truth is, cryptocurrency is such a novel technology that we still don’t quite know how to handle it.

Should we consider cryptocurrencies commodities or actual currencies? The answer to this question is not so simple. In fact, tax regulations around the world differ on the interpretation.

Our current understanding of cryptocurrencies is that they can basically be either, depending on how they’re used.

Crypto as Currency

As the name itself implies, cryptocurrency can function much like fiat money. By that token, one may use them for the purchase of goods and services (in some countries, anyway). They may also be exchanged into other currencies, making them functionally the same.

So that settles it, right? After all, cryptos do everything money does, for the most part. Well, not quite. While they may operate like currency, and intuitively it makes sense, some traits make cryptos difficult to classify as currency.

For one, it is a decentralized currency. In other words, it is not tied to any third party authority (country, bank, etc.); there’s the sender and the receiver, nothing more. This stands in stark contrast to how traditional money has worked up until now.

Secondly, cryptos cannot be produced arbitrarily according to a country’s current economic state. It instead requires “mining,” and only a fixed amount of them exists. This makes cryptos more of an asset, like gold.

Crypto as Commodity

From a certain perspective, cryptos can also be considered a commodity. Granted, the line between currency and commodity is quite fine. The key difference between the two is that the former acts as a clear-cut facilitator for exchange which quantifies the value of an item or service.

That being said, a cryptocurrency does possess fungibility, i.e. the ability to be interchangeable with other commodities on the market. Beyond that, commodities can afford to be volatile, whereas currencies don’t have that luxury. Having in mind Bitcoin’s value history, it certainly fits the profile of a commodity.

This view certainly isn’t without legal precedent. In early 2019, Indonesia greenlit legislation that treats Bitcoin as a commodity for trade. Meanwhile, the Australian Tax Office (ATO) suggested the same ruling on the matter for other cryptos as well, rendering them subject to the Goods & Services Tax. Australia ultimately dubbed Bitcoin as money.

The main idea that stops cryptocurrencies from being pure commodities, however, is the idea of value. Commodities have intrinsic value, like crops, for example. Cryptos, on the other hand, hold only the value that current market expectations give them. It’s only worth what it can buy, and nothing else.

In the Eye of the Beholder…

As things currently stand, crypto seems to dip its toes in both ponds, performing as both commodity and currency. And until we reach a deeper understanding of crypto, regulation cannot consistently come to the same decision on the matter. Thus, for now, it’s up to each individual country to make up its mind about this conundrum. Until then, take a look at this insightful infographic below:

How Crypto Is Disrupting the Financial Ecosystem


Erisx Launches Regulated Bitcoin Futures Market BTC $BTC

Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically-settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44 states, with a plan to expand to 53 states and U.S. territories.

Article Published on Bitcoin.com

Physically Settled, Regulated Bitcoin Futures

Erisx announced on Tuesday the launch of its regulated bitcoin futures market. The platform’s physically-settled bitcoin futures contracts are offered alongside its spot market for “price transparency and collateral efficiency,” the company detailed. Initially, only monthly and quarterly contracts are offered.

Since the contracts are physically settled, “settlement will be made by the movement of the digital currency to the buyer of the futures contract and US dollars to the seller of the contract,” Erisx’s website describes. The current requirement to become a member of the platform is a minimum balance of $10,000.

Erisx’s current futures product.

Prior to Tuesday’s launch, the company ramped up its team and developed technology for its exchange’s matching engine (TME) and clearinghouse’s clearing system (TCS). The company also developed risk-mitigating functionality to enable efficient price discovery such as self-match prevention, price banding, and maximum order sizes. Its futures clearing platform was built from scratch. Currently, Erisx’s spot trading platform supports BTCBCHETH, and LTC, which can be traded against the USD or BTC >> READ MORE


Announcing LiveView: Look into the top of book for any crypto currency pair across all of the major exchanges

Announcing LiveView by Mainbloq: your live view into the crypto markets. We built LiveView to demonstrate to our clients the power of our technology, now we're giving it to anyone with a web browser: www.mainbloq.io/liveview

We're always building new technology for our clients—you may have read about our Smart Order Router and Trading Algorithms in previous articles—but today we're releasing something for EVERYONE.

What's in LiveView:

  • An insider's look into the top of book for any currency pair across all of the major exchanges and their liquidity pools.
  • See total volume and liquidity for currency pairs across exchange in real-time.
  • Identify price differences between exchanges to see where to get the best price.
  • A real-time calculation of stable rates normalized to give the true best price.

So what can you do with LiveView? You can trade smarter. That's what we're all about at Mainbloq, we give you the tools to make better trading decisions.

The one thing that we see as most salient is if you are only executing on one exchange you are leaving money on the table. To make the most efficient trades you need to execute cross-exchange.

One thing you can't do from LiveView is trade. If you're looking to trade smarter in real-time contact us here: https://mainbloq.io/contact/

About Mainbloq
Mainbloq is a data, research, and technology company focusing on blockchain and digital assets. Mainbloq offers a cloud-based, modular platform including a smart order router, suite of trading algorithms, the ability for clients to integrate their own algorithms, and consulting services to help clients execute on their trading strategies. Mainbloq is building the best-in-class platform for researching and trading digital assets. For more information visit https://mainbloq.io/


Bitcoinexchangeguide.com: Crypto Analysis Company Mainbloq Launches New Algorithm To Automate Trading Activities


FinanceMagnets.com: Mainbloq Launches Algorithm Suite for Crypto Trading

The suite has 8 algorithms to offer.

News ( CryptoCurrency 

The crypto analysis company has launched a suite of cryptocurrency trading algorithm to automate the trading process.

MainBloq has kept the suite versatile considering the wide spectrum of the crypto trading market. The company’s algorithm can be used within its proprietary order management system. It has also launched API support, which will enable the algorithm to be integrated into any third party OMS or EMS, detailed the April 4th announcement >> READ MORE


LGO Markets, the New Industry Standard for a Safe, Secure & Transparent Digital Asset Exchange

LGO Group CEO Hugo Renaudin

LGO Group announced Monday the launch of LGO Markets, a digital asset trading platform dedicated to institutional clients. Trading on LGO will start on March 11th, 2019.

Institutional investors have been waiting for a reliable and suitable infrastructure to enter the cryptocurrency market. With this in mind, LGO Markets has been specifically designed to remove the main hurdles faced by institutions: risk and lack of transparency.

FOLLOW LGO on FacebookLinkedInTwitter  | Medium

The company is committed to providing a highly secure and trustworthy environment for its clients. Data and volume manipulation are prevented through the use of blockchain technology. Trading on LGO Markets also means no counterparty risk as clients hold their funds (non-custodial). LGO Markets aims to be fully compliant with regulations and is currently applying for a BitLicense and a FINRA broker-dealer license.

LGO Markets’ platform will initially offer a physically settled Bitcoin to USD spot market. Hugo Renaudin, CEO of LGO Markets added: “This could be considered as the simplest financial product, yet it does not exist in the cryptocurrency market. By bridging the processes of traditional financial exchanges and the benefits of blockchain transparency, LGO is built to be the reference venue for institutional digital asset trading .”

As for now, more than ten institutional clients have already joined the platform. They are mainly OTC trading desks, hedge funds, crypto businesses, and market makers.

The company is aspiring to bring innovative solutions to the financial markets, where all representations of value can be exchanged seamlessly, transparently and with less risk thanks to the blockchain technology. Frédéric Montagnon, Co-Founder and Executive Chairman of LGO Markets, added: “This launch is only our first step towards achieving our long term mission. We see an opportunity to accompany the whole financial industry to transition to blockchain and distributed ledger technology. By rolling out our offer on the Bitcoin market, we position ourselves to become the leading exchange for blockchain-based assets - whether cryptocurrencies or tokenized traditional financial contracts .”


Samsung Galaxy S10 includes storage for digital currency private keys

Samsung’s latest flagship phone will include a dedicated secure storage function designed for cryptocurrency private keys.

CoinDesk - Samsung Confirms Galaxy S10 Will Include Private Crypto Key Storage
CryptoNews - The Mystery of Samsung's Galaxy S10 Private Key Storage Remains
Forbes - Samsung Confirms Galaxy Fold And S10 Security Surprises

The news that Samsung added a private key storage to its new Galaxy S10 smartphone shook the crypto world, as many have taken it as a sign of endorsement from the South Korean tech giant. However, as details are scarce, many are wondering what “hardware storage” the company announced and why it wasn’t mentioned during keynote presentations.

 New Samsung Galaxy S10 Includes Baked-In Storage for Private Keys
New Samsung Galaxy S10 Includes Baked-In Storage for Private Keys

Samsung announced in February that their newest phone, the Galaxy S10, will include secure storage for its users’ cryptocurrency private keys.

The company made a press release detailing the phone’s many features, notably including Samsung’s proprietary defense platform, Samsung Knox, which will feature secure private key storage that it claims is specifically “for blockchain-enabled mobile services.”

Baked-in support for cryptocurrencies in smartphone platforms is not completely unique to the space, although this initiative by Samsung represents a major step for the technology’s integration into mainstream products. As it stands, there are currently two smartphones that support crypto assets: HTC’s Exodus 1 and Sirin Labs’ Finney.

These two phones have seen much more limited adoption than any product Samsung could release for several reasons....


BlockEstate real estate security token: STO Analysis

BlockEstate is planning to launch its very own security token offering (STO). According to the official whitepaper, the idea behind the project is pretty simple:

Proceeds from the STO will form a fund that can then be used to purchase promising real estate in U.S. (North and South Carolina) with profits from the leasing or resale of the real estate being used to buy out and eventually burn the native token, a.k.a. BEAT. This method will increase the cost of the tokens over time. The remaining profit goes to the acquisition of new real estate and the cycle continues.

The investment will be of two types: long-term and stable assets which are expected to get a 6-9% per annum and high-yielding but risky assets with an expected yield of 15-30% per annum.

The investment scheme is further described in the whitepaper. In particular:

Token

Thanks to its partnership with Polymath, which is responsible for the release of the BEAT security token, the underlying asset will be built according to the ST-20 standard on the Ethereum blockchain. The total number of tokens offered for sale is 100 million but the team has the right to issue an additional 10% for its members in the case of a full collection of caps and an increase in the fund’s estimate of at least 25%. This tokens will serve as a form of performance fee with the BlockEstate team. Team tokens are locked for five years.

In terms of the distribution of proceeds from the STO, the main part (93-99%) in the first year will go to direct investment in long-term real estate projects as described in the scheme above; 0.5% per quarter for operating expenses; and 1-7% of the fund’s value will be held in dollars as a reserve.

Profit Sharing...


‘Bull Cross’ Points to Positive Bitcoin Market Shift

View

  • Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart.
  • The cryptocurrency could test December highs above $4,200 in the near term.
  • A minor pullback to $3,800 may be seen in the next 24 hours, as signs of bullish exhaustion have emerged on the hourly and 4-hour charts.
  • The bullish case would weaken if BTC finds acceptance below $3,614 (the low of the previous three-day candle), but that currently looks unlikely.

A much-followed bitcoin (BTC) price indicator has turned bullish for the first time in seven months, indicating a trend change in the market.

On the three-day chart, the 5-candle exponential moving average (EMA) has crossed the 10-candle EMA from below – the first decisive bullish crossover since July 17, 2018.

Back then, BTC was trading above $7,300 and the crossover was followed by a rally to highs above $8,400 on July 24.

Moving average crossovers help identify shifts in momentum. A bearish-to-bullish trend change is confirmed when a short-term moving average crosses through a long-term average from below.

Many would argue that EMA crossovers are lagging indicators. While that is true, crossovers between the short duration averages help traders distinguish between bullish and bearish scenarios. The long-term MA crossovers like the “golden cross” (bullish crossover of the...