Coinbase Announce New Services For Europe & Asia

Coinbase is one of the biggest cryptocurrency exchanges in the United States and now they are looking to expand across the globe with a new announcement published earlier this week.
The US-based crypto exchange announced new services and features for high volume traders on both the Coinbase Pro and Coinbase Prime platforms. These traders will now be able to get access to cross-border wire transfers, over-the-counter trading desk and custodial services.
European and Asian customers with high trading volumes on both Coinbase Pro and Prime will be able to use cross-border wire transfers to deposits money into their accounts.

Certain customers on Coinbase Prime will also be able to access Coinbase’s Over The Counter trading desks as well as getting access to Coinbase Custody, the crypto exchange’s dedicated cold storage as a service platform.
In addition to this, Coinbase has also said that hundreds of crypto-leaning hedge funds were launched over the past 12 months and many proprietary trading companies, family offices and endowments have begun to trade virtual assets like cryptocurrency. In the announcement by the exchange, they state:

“Coinbase’s suite of products — Coinbase Pro, Coinbase Prime, and Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, exchanges and miners.”

When will this be available?
Customers based in countries which don’t have fiat rails has already seen the global wire transfer service go live. Inbound and outbound transfers will both be available by the exchange from non-US bank accounts using SWIFT. The feature will enable clients in these places “to access Coinbase’s deep pool liquidity.”
On top of this, the users will be able to gain a connection to the USDC stablecoin which will provide access to several different trading pairs on the exchange.
The Over The Counter trading services and Coinbase custody have also gone live in Asia, EMEA region.
As reported by blokt, “These services are also available to select Coinbase Prime users, allowing them to make large volume trades with minimum slippage.” In addition to this, Coinbase has indicated that the Over The Counter desk is only an agency. And so with this, it means that the crypto exchange won’t be able to trade on a principal basis or against their clients.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

‘Exile’ Won’t Stop Bitcoin Celeb John McAfee Running For President

The famous founder of McAfee antivirus software, John McAfee is a well-known supporter of cryptocurrency and is going to continue his previously announced plans to run for the United States presidency in 2020. This was initially announced back in June last year with the news being a surprise to many people and some were left wondering whether McAfee was for real or not. Recently though, McAfee is showing us that he and his supporters are already preparing for the campaign.
In addition to this, he announced that his campaign will run while he is in ‘exile’. The reason for this is that he is currently on the run to avoid felony charges brought to him by the IRS. A lot of people were confused by the situation didn’t realise how McAfee plans to run a campaign while stuck on his ’freedom boat’. He saw a lot of people ask him similar questions on his Twitter and so to answer them, the antivirus founder posted a video which you can watch below:

How we will run my campaign in exile:
— John McAfee (@officialmcafee) January 23, 2019
As he says in the video, McAfee’s supporters are creating thousands of masks of his face which they will wear during public gatherings. The masks will be used to represent his physical presence during these events with his masked supporters following his instructions which are to be provided to them in the future.
On top of this, McAfee’s supporters will be split into two groups. The first group will be known as ‘road warriors’ who will start to appear on the streets, parks, restaurants and other public places carrying speakers through which McAfee will hold his speeches.

The second group will also be wearing masks and have speakers, but they will appear during conferences and at key events to represent his campaign.
Because of McAfee’s strange situation and even stranger methods, the campaign has received a lot of attention.
The founder of the antivirus software is primarily known for his support of cryptocurrency nowadays. He has even predicted that the leading cryptocurrency Bitcoin, will hit $500,000 by 2020.
There have been stranger people run for president I suppose…
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

The Future Of XRP And xRapid According To Major US Credit Union

Future plans for Ripple’s XRP powered xRapid are currently being laid out by Catalyst Corporate Federal Credit Union.
The companies CEO, Kathy Garner says that the firm serves more than 1,400 member and client credit unions throughout the United States and aims to use the cross border payment solution to boost payments to Mexico.

“One of Catalyst Corporate’s largest endeavors in 2018 was forging a strategic partnership with Ripple, the leading enterprise blockchain provider for payments. Our goal is to send international payments to Mexico via Ripple’s blockchain solution. With this cooperative arrangement known as ‘Currentz’, secure cross-border money transfers can be completed within minutes.”

The COO of Catalyst, Brad Ganey has said that xRapid is giving companies a cost-effective way to ditch traditional wire services.

“The traditional international wire experience fails to meet today’s expectations from a price, speed and ease-of-use perspective. Blockchain technology, and specifically Ripple’s xRapid product, resolves all three of these challenges simultaneously.” Ganey continues saying, “Catalyst Corporate, through our subsidiary companies’ technology platforms, will leverage the XRP digital asset to transfer money across borders instantly on behalf of our 1400+ member credit unions. We have signed a production contract and are currently building out our plan.”

As of yet though, the company hasn’t announced when they are planning to launch.
Market analyst and author, Peter Brandt has given his thoughts on Ripple’s native token, XRP. The commodities trader says the digital asset is coiling up.

definitely coiling up
— Peter Brandt (@PeterLBrandt) January 21, 2019
As reported by the Daily Hodl, when Brandt says the term ‘coiling’ he means that there is a technical sign suggesting that a big move is in the headlights. Despite this, they can move both up and down.

Before the infamous Bitcoin and crypto crash that occurred last year, Brandt had famously predicted it to happen. In a tweet he posted last year, Brandt said to his followers that he isn’t a hater even though he posted a bearish statement.

General TA rule — violation of parabolic advance leads to 80%+ decline in value. If general rule is followed, BTC should retrace to <$4,000. Note: This Tweet does not make me a hater.
— Peter Brandt (@PeterLBrandt) January 22, 2018
Source: Crypto Daily

Ecosystem Expands As More Partners Join Ripple

The Swiss crypto wallet company, Tangem introduced physical ways to spend and trade cryptocurrency. “Smart bank notes” and “smart cards” are physical representations of cryptocurrency which could be carried and spent by consumers. The idea is that with a physical representation of cryptocurrency, people can simply hand the note over and make simple no-fee transactions.
If you keep the adoption and the spending of cryptocurrency in mind, Ripple and the financial partner SBI are looking to invest $15 million to speed up the number of Tangem Notes that enter circulation. The crypto wallet already has ATMs, money exchangers, vending machines and a wider acceptance at retail outlets on the horizon for 2019. The influx of money that will come in will speed up these plans.
The President and CEO of Ripple partner SBI Yoshitaka Kitao, has said that the product by Tagem is a key player in bringing blockchain and cryptocurrency towards mainstream adoption. As reported by ZyCrypto, Kitao said, “the Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote the mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.”

The two companies have been partners together since 2016 and their crypto exchange VCTRADE began to allow XRP deposits late in 2018. VCTRADE is also set to become the first regulated exchange for Japanese residents so that they seem to be pushing for the usage and adoption cryptocurrency from several angles.
The second largest cryptocurrency in the space has recently confirmed that their native token XRP, will be getting adopted by 27 companies, with 13 more utilising the xRapid system. Even though there are still many in the crypto space that will help companies interact with each other without the use of banks, the team at Ripple doesn’t want the public to lose focus on how XRP and the Ripple platform can help average people making small everyday transactions.
In terms of price, XRP is worth $0.31 at the current time of writing after experiencing a 1.71 percent decrease over the past 24 hours. The market cap for Ripple’s native token is currently sat at $12,928,723,260.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Not Quite Shawshank – Icelandic Man Jailed For Bitcoin Robbery

Reports surfaced yesterday about a group of seven criminals from Iceland who managed to get away with 350 computers used to mine Bitcoin who have now been given their jail time.
The total value of the Bitcoin mining computer and associated parts summed up to around $1 million. The men were then forced to pay damages since the equipment was never actually found.
A local news outlet, Visir reported that the criminals in question stole the mining equipment in December 2017 and January 2018. In addition to the computer, they also stole more than 800 graphics cards, 120 CPUs and 120 motherboards.
Sindri Por Stefansson is one of the sentenced men who gained recognition worldwide after he escaped imprisonment in Iceland last year and managed to catch a flight a Sweden with the countries Prime Minister.
Not quite the Shawshank Redemption
Stefansson was given a four and a half year sentence which was the harshest punishment of all the men out of the group.
The authorities who were looking into the theft of the mining computers had no idea where the stolen equipment could have been at first. But when Stefansson was detained in spring 2018. Whilst trying to find the stolen equipment, police tried to watch for surges in the electrical grid and even engaged with an idea provided by a psychic.

Stefansson was being dubbed as the ‘mastermind’ of the scheme by different media outlets despite not being charged or convicted. As reported by CryptoGlobe, this was only because he was held longer than any of the other suspects of the scheme.
Sogn prison was where Stefansson was being held but he managed to escape the penitentiary after escaping through a window and making his way to an airport.
I feel like it would have been a lot more interesting if he ‘scooped’ his way out of the prison instead…
Caught red-handed
Before he could get to Iceland, Stefansson was caught red-handed in the Netherlands. He told the New York Times that he regretted fleeing the nation because his mug shot was all over the news after landing in Sweden.
What I personally, find most interesting about this is the fact that it isn’t actually illegal to escape from a prison in Iceland. A Former Supreme Court Judge Jon Gunnlaugsson said “our system supposes that a person who has been deprived of his freedom will try to regain it. It’s the responsibility of prison authorities to keep him there.”
Not quite Shawshank, but still an interesting tale.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Oracle & TRON Form New Partnership

Cryptocurrency exchanges are right at the heart of the whole crypto ecosystem as well as the growth of digital currencies. In addition to this, it’s also worth noting that the listing of this or that coin is beneficial isn’t just beneficial for the coin itself but also for the platform as new coins can bring in new clients that have an interest in working with them.
It was in October last year when everything seemed to have kicked off and it obviously showed Justin Sun’s enthusiasm for the future of the decentralised platform, TRON. The CEO of the network told the community of a meeting that was held at their headquarter in San Francisco which involved the blockchain team from the American based multinational computer database company, Oracle.

Oracle #blockchain team visited #TRON Foundation HQ in SF.Diving deep on #SmartContracts #Tokenization and partnership opportunities. #TRON to the future. 🎉#TRX $TRX
— Justin Sun (@justinsuntron) October 20, 2018
In the tweet – posted on 20th October – Sun said that the conversation was spearheaded towards the topic of smart contracts, tokenisation and a potential partnership.
At the recent niTRON Summit in San Francisco, the TRON Foundation has now listed Oracle as one of the firm’s partners. In addition to Oracle, Steemit, Pantera, Aurora and many more were listed as current partners of the company.

According to Sun, the meeting was held on partnership opportunities, tokenisation and smart contracts. A tech startup adviser at Oracle by the name of Neal H, led the team from Oracles blockchains. Neal regarded the gathering as a “Meeting of the Blockchain Minds”. Partnership opportunities being a huge point of discussion at the meeting.
Before announcing Oracle’s Business-Ready Blockchain Applications, the blockchain Oracle team had visited TRON for a possible partnership and collaboration on future work.
As reported by CoinSpeaker, one thing that is interesting about the history of these two firms it’s that when the founder of Oracle – Larry Ellison – started the company, he did it in a similar sense to Justin Sun by seeing a gap in the blockchain industry. In Oracle’s case, Ellison was interested with database design and was inspired further by a paper written by Edgar F. Codd on relational database systems named “A Relational Model of Data for Large Shared Data Banks.”.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Bitcoin SV To Be Accepted On Coinify

The cryptocurrency payment provider, Coinify is now going to be accepting Bitcoin SV. The result of the Bitcoin Cash hard fork which came into the market in November 2018 will now be accepted by the payment provider who also mentioned that SV will be accepted both directly and after converting it to a fiat currency.
The newly formed cryptocurrency and the people who back it advocates increase adoption of the coin as they boast that it is the only cryptocurrency that is based on the original Bitcoin protocol. As reported by AMB Crypto, one of the main aims for Bitcoin SV has always been the creation of a single global currency infrastructure and the partnership with Coinify will help them reach that end goal.
Through this newly founded partnership, the usage of Bitcoin SV can be pushed in both online and retail portals, therefore increasing adoption.
The founding president of the bComm Association, Jimmy Nguyen is a big supporter of the Bitcoin SV proponent. Talking on the topic, Nguyen said, “As somebody who has used Coinify personally, I think it’s a huge step forward in the development of BSV that such a respected payment portal has added the original Bitcoin to its portfolio.”

The bComm president went onto say that the partnership will enable the team behind Bitcoin SV to have ‘flick the switch’ solutions based on the cryptocurrency to online merchants.
The co-founder and CEO of Coinify, Mark Højgaard said:

“Virtual currencies need to have widespread merchant adoption to really ignite on a mainstream level, and we believe that the simplicity and flexibility of our payment product range makes this possible. Adding BSV as a virtual currency helps us ensure we have the most comprehensive range of options for both merchant and customer.”

The founder of Ayre Group, Calvin Ayre is a big backer of the Bitcoin SV project and in light of the implementation, he has announced that he is looking to migrate from BitPay to Coinify. Taking to Twitter, Ayre said, “I am ordering my team to stop using bitpay and to switch everything to coinify!”
Even though the increasing integration of Bitcoin SV, some users aren’t satisfied with what they see as “middlemen” in the cryptocurrency realm. “They advocate an intermediary fee financial transfer process build on cryptocurrencies”.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Bitcoin Transactions Carries 6X More Than PayPal

The quantitative cryptocurrency hedge fund, Satoshi Capital Research has recently made a bold declaration that “BTC is not just a serious global currency, but a serious global payment system as well.” The Atlanta based hedge fund said on its Twitter page yesterday that the transaction volume of Bitcoin for 2018 was in excess of $3.3 trillion which is six times the transaction number in comparison of PayPal for the same year.
Bitcoin is something more
There are a lot of people in the crypto space hav an always believed that Bitcoin isn’t up to date and that the underlying technology in it is obsolete. There are enthusiasts out there though who still have faith in the digital asset and to them we say, it is only useful as a store of value. If we take a look at Ripple, it is believed to be the ideal cryptocurrency for payments. This viewpoint isn’t entirely wrong as the Ripple payment system is not only cheap but very cheap.

The recent analysis by Satoshi Capital Research suggests otherwise saying that the Bitcoin transaction volume exceeding $3.3 trillion in one year is a sign that it is indeed a major means of payment. Not only this though as the transaction volume from last year was six times that of the payment giant, PayPal.
This alone is a positive indicator that the future for Bitcoin is bullish.
Border control
For Bitcoin and other cryptocurrencies, one of the best things about them is that they don’t have any borders. The leading cryptocurrency is the first asset which has that characteristic which makes it very suitable for transactions without having to face any form of censorship.
Whereas if we take a look at PayPal, there are numerous restrictions. For example, in Africa, there are several countries which are restricted from receiving payments through the system. It is, therefore, not surprising that Bitcoin is taking over PayPal’s customers worldwide.
If we take a look at last year, the statistics show that cryptocurrencies, in general, will take over transactions from some of the big players in the industry in the near future. SWIFT is already being dominated by Ripple and now Bitcoin is on top of PayPal.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

“Cryptocurrencies Represent A New Frontier” According To UN

The United Nations has called dubbed cryptocurrency as a ‘new frontier’ in their end of year report on the global economy. Cryptocurrency and blockchain technology have a massive potential according to the UN. They can create new and revolutionary business models which could cut red tape and increase efficiency on a massive scale.
The UN has expressed their keen interest in virtual assets such as crypto on previous occasions prior to this. Back in the Summer last year, the United Nations Office for Project Services revealed its collaboration with IOTA to “explore how IOTA’s innovative technology – which provides an open-source distributed ledger for data management – can increase the efficiency of UNOPS operations.” According to a report from the Association for Financial Professionals from late 2017, the UNOPS is also looking into Ripple’s wide range of cross-border payment solutions

“World Economic and Social Survey 2018” is the title of the UN’s report which looks into the advantages of crypto, blockchain and distributed ledger technology.
You can read the full report here, but some of the highlights were noted by the Daily Hodl which we are going to look at below.

“The innovativeness of this system lies in the way in which the various parts combine to create the trust and guarantees that the traditional financial system derives from institutions and regulation. The incentives align the interest of participants towards contributing to the system’s security.
In contrast, the traditional system relies on a complex armature of reporting, oversight and implicit or explicit guarantees, ultimately backed by the reputation of the central authority. As such, the blockchain technology presents the possibility—a first in the field of finance!—that trust in institutions backed by government can be replaced by trust in computer code.”

The new frontier for digital finance

“Cryptocurrencies represent a new frontier in digital finance and their popularity is growing. The decentralized networks for cryptocurrencies, bitcoin being a well-known example, can keep track of digital transactions. They enable value to be exchanged and can give rise to new business models which would otherwise require significant regulatory and institutional commitments.”

Multiple uses

“A value token called climate coin is being considered as a basis for creating a global market for carbon emissions, allowing peer-to-peer exchange of carbon credits and a direct connection with the Internet of Things. It would then be possible for devices to calculate their own carbon emissions and purchase carbon credits to offset those emissions.
There are also proposals for using blockchain technology as a distributed ledger of real-world information on property registration, personal identity, and provenance of food and medicines, among many other types of data. The United Nations and the World Identity Network are exploring ways to register the identities of children on a blockchain as a means of combating child trafficking.”

Source: Crypto Daily

Schwartz Chips In On xRapid Private Ledger Discussion

As we reported last week, Mercury FX has announced through their official Twitter that using Ripple’s native token, XRP on RippleNet they have transferred $4,552.41 in just seconds. The transaction was sent from the UK to Mexico as you can see in the tweet below:

1/1 We’ve made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds.
— Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019
After this, cryptocurrency enthusiasts, who put effort to find the transaction on the ledger, didn’t have any luck. As reported by Ethereum World News, with this, many had believed that there was a private ledger which uses XRP for xRapid txn.

Following this, the talk was taken to Twitter where the CTO of Ripple, David Schwartz was brought into the conversation and was even questioned about the hidden ledger.

It’s hard to imagine what such a merger would look like. It would have to follow the rules of the public ledger. It’s kind of funny, I was actually thinking just today about how cool it would be if you could run the XRPL software in a private ledger mode and later bridge …
— David Schwartz (@JoelKatz) January 10, 2019

“The conversation continued saying, … to the public ledger. For example, you could have an asset issued on both ledgers that’s bridged by the validators of the private ledger who multisign txns for the public ledger. It’s actually a cool use case to cut txn fees and scale.
Ha that is weird you were just thinking about that. Just to be clear for someone I was having a discussion/dispute with there is only one XRP ledger according to the protocol correct?
@joelKtaz (David Schwartz):
Yes. The authoritative record of who has what XRP is the XRP Ledger. There are ways that you can use real XRP on the private ledgers but that would require operators of the private ledgers to get XRP from somewhere in order to do the bridging.”

Quick transactions
The sales director at Ripple, Ross D’Arcy noted that its solutions are designed to make banking transactions as simple and as quick as possible, such as sending an e-mail or any sharing information on the internet.

“3 clicks, 30 seconds, receive a confirmation that the end beneficiary has been paid. So as easy as we can do a voice chat or exchange emails, that’s exactly how we want the payment experience to be. “I think Swift’s a really interesting example. Because Swift, if you think about it, kind of crosses the lines sometimes and plays a bit of a political role. We don’t see our customer’s transactions. Our customer’s transactions go over the internet. So Ripple could shut down as a business tomorrow, and our customers could still transact using our software. The same wouldn’t be the case with Swift.”

What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Training Developers To Help Grow Bitcoin

The open source protocol loved by many enthusiasts, Bitcoin is something that anyone can interact with. It is getting some serious attention and bringing in participation in many different ways. For example, speculation is something that everyone can get on board as well as the investing and sending money side of things. The whole of Bitcoin’s repository is on BitHub which is inviting for many developers to see the leading cryptocurrency’s code and maybe even put forward suggestions to fix the current issues it has.
As reported by Nasdaq, talented developers are hard to come by though, so there isn’t a lot of choice for Bitcoin. The author of Programming Bitcoin and instructor at Programming Blockchain, Jimmy Song spoke to Bitcoin Magazine saying, “it’s not an easy field to get into. Interestingly enough, the thing that makes Bitcoin hard to get started on is the cryptography, and that’s hard because the math is not familiar to developers. Specifically, finite fields and elliptic curves.”
On the other hand, there are some enthusiasts out there though that would argue that the small number of developers in Bitcoin today isn’t actually that small and that it is instead, the right size considering the industry is so new.

A core developer on Bitcoin and a Bitcoin engineer at Chaincode Labs, John Newbery spoke on the subject saying, “Bitcoin has only been around for 10 years, and it only started getting a lot of mainstream attention in 2017, so it hasn’t been a long time to build up an ecosystem of developers. It’s something that we hear a lot, that it is difficult to find experienced Bitcoin engineers … [Bitcoin] really only started getting mainstream attention two or three years ago, so it’s as expected. We’re doing everything we can at Chaincode to widen and deepen that pool.”
One thing that is worth noting is that being realistic in this industry is important and that a complete understanding of cryptocurrency will never be truly reached. That isn’t to say you shouldn’t dream and hope for bigger things in the future.
Newbery goes onto say, “I don’t think it’s possible to understand all aspects of Bitcoin. The frontiers are continually being pushed forward so having ‘proper education’ that covers the entire Bitcoin space is a constantly moving target.”
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Enjin Welcomes Popular Ethereum dApp

The blockchain game development platform Enjin has been selected by VREX Lab as the network host of the quickly growing Dyverse, a blockchain based marketplace dApp which allows users to collect, breed and play with 3D crypto-collectable monsters. The monsters (known as Kydys) can be plugged into VREX Lab’s AR video messaging app, Kydy.
For those that don’t know VREX Lab is an augmented reality app developer. It was announced that the news regarding VREX Lab would be working alongside Enjin to implement Kydys and other items and characters from Enjin’s partner games into the Dyverse marketplace as wallet the Enjin Wallet dropping earlier this week. In the announcement, VREX Lab added that they had launched the blockchain based Dyverse platform on the popular website, Product Hunt in which users can share and discover new products.

We’re excited to share that AR app developer VREX Lab is adopting the Enjin Platform for @DyverseOfficial, a marketplace where users can trade blockchain-based #augmentedreality characters and items.Welcome to the movement! #erc721 #blockchain
— Enjin (@enjin) January 17, 2019
Both announcements from the AR firm in regards to Dyverse seem to have boosted some interest with the crypto gaming community. Looking at Ethereum’s leading block explorer Etherscan, Dyverse is currently ranked second in terms of 24 hours transfers in and out of smart contracts which comply with the ERC-721 standard for non-fungible tokens.

As reported by Cryptocoinspy, the helping sending the message of the significance of the second place ranking, “Etherscan tracks a total of 998 ERC-721 token contracts. The only dApp responsible for more transfers is the highly popular, heavily funded CryptoKitties, which has recorded 4,636 transfers over the past 24 hours (vs. 979 for Dyverse).”
What next?
Even though they are busy working on integrating the Dyverse marketplace dApp with VREX Lab, there is still a lot of short-term things in the pipeline for the development of Enjin’s product suite.
Earlier this week, the co-founder, CEO and creative director at Enjim, Maxim Blagov took to Twitter to say that users will soon be able to use the “Enjin Mobile Wallet to seamlessly exchange hundreds of trading pairs.” Included are Enjin’s very own Enjin Coin as well as the leading cryptocurrency, Bitcoin, Litecoin, Ethereum and several ERC-20 compliant tokens.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Bitcoin Now Available From US Coinstar Kiosks

Those who are interested in everything crypto will soon be able to purchase the leading cryptocurrency, Bitcoin whilst they go food shopping.
As announced by the firm behind the Bitcoin ATMs, Coinme they will soon be partnering with Coins-to-cash converter Coinstar to allow Bitcoin purchases through Coinstar kiosks in several states in the United States.
As reported by CoinDesk, at its launch, the coins-to-cash converter machine will only be available at certain Safeway or Albertsons stores in California, Texas and Washington state for purchasing Bitcoin through the kiosks. However, there are still plans to “extend this offering to additional U.S. markets and retailers following a successful launch.”
The co-founder and CEO of Coinme, Neil Bergquist has said that the new partnership would provide consumers with a “convenient and easy way to buy bitcoin” whilst going about their daily lives.

The CEO added that In turn, this should make it a lot easier for consumers to “participate in this dynamic new economy.”
In a different statement, Jim Gaherity (CEO of Coinstar) made a similar note which referred the anticipation ease consumers with which should be able to buy Bitcoin with. Gaherity said, “Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cash.”
Cash only
Despite the Coinstar kiosks being mainly known for converting coins (the metal kind) into cash, Amazon gift cards or other equivalent balances, the press release on published earlier in the week confirms that at the moment real coins “cannot be used for bitcoin transactions.”
In fact, the Coinstar kiosks will only be able to accept US dollar bills and will have a limit of $2,500 (not even worth one BTC at the time of writing). In order to buy the leading cryptocurrency, users will have to input their phone number to the kiosk and insert their cash. After they do this, they will then receive a code in which a customer would be able to use a redeem Bitcoin by creating a Coinme account online.
Bitcoin ATMs are ever growing in popularity with over 4,000 currently spread through the US. we can only hope that this will spark more mainstream.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Some ETH Miners Didn’t Listen To Postponed Hard Fork

Earlier this week, Ethereum developers sent out a message to the community to say that they were postponing the upcoming Constantinople hard fork update to the network. However, not everyone made the correct changes and there is currently a ‘parallel universe’ of Ethereum mining. A chain split has happened with some miners digging away at the unofficial Constantinople chain without consensus from the majority of the network.
The update getting postponed came after there were potential vulnerabilities discovered in one of the newer updates. As it says in the statement announcing the postponement it says:

“We are investigating any potential vulnerabilities and will follow with updates in this blog post and across social media channels. Out of an abundance of caution, key stakeholders around the Ethereum community have determined that the best course of action will be to delay the planned Constantinople fork that would have occurred at block 7,080,000 on January 16, 2019.”

Miners now need to install the updated version to avoid violating the consensus.
However, not all the miners got the memo. As reported by CCN, there is at least 10TH’s worth of mining power was still mining the unofficial chain at the time of writing, according to a fork monitor owned by

The risk that caused the update to be postponed allows for an unusual form of scamming in which it takes someone with quite a lot of know-how to understand. Essentially, the bottom line is that a change in the way Ethereum charges for storage enabled attack could cost a lot of money to multiple different dApps. The vulnerability in the code was uncovered by ChainSecurity who explained the flaw by saying:

“Certain preconditions have to be met to make a contract vulnerable:

There must be a function A, in which a transfer/send is followed by a state-changing operation. This can sometimes be non-obvious, e.g. a second transfer or an interaction with another smart contract.


There has to be a function B accessible from the attacker which (a) changes state and (b) whose state changes conflict with those of function A.


Function B needs to be executable with less than 1600 gas (2300 gas stipend – 700 gas for the CALL).”

Even though the vulnerability isn’t actually on the blockchain, it is better to be safe than sorry. Through the official blog on Ethereum it says:

“Security researchers like ChainSecurity and TrailOfBits ran (and are still running) analysis across the entire blockchain. They did not find any cases of this vulnerability in the wild. However, there is still a non-zero risk that some contracts could be affected.”

Considering the network is so massive, it’s near impossible to get a network upgrade through to everyone on time.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Luno CEO Gives His Thoughts On Bitcoin’s Future

Despite Bitcoin peaking at $20,000 back in December 2017, the leading cryptocurrency has plummeted near the floor after it experienced an 80 percent drop over the course of 2018. Bitcoin saw a relatively healthy start to this year though and even surpassed the all-important $4,000 region but unfortunately, the coin has sunk back below this key resistance level to its current price of $3,632 according to CoinMarketCap at the current time of writing. As reported by The Express, despite the lack in value for Bitcoin, the CEO at the crypto exchange Luno, Marcus Swanepoel believes that this year will be an exciting one for the leading cryptocurrency.
Nevertheless, a major movement in the cryptocurrency market still won’t be able to tackle the demand on Bitcoin according got Swanepoel who suggested ‘instant gratification’ is to be anticipated form the cryptocurrency.

In addition this, Swanepoel said, “one big challenge we believe the industry still faces is that of instant gratification. Everyone wants cryptocurrency to be the same or better than the existing financial system overnight. The reality is that the existing financial system was built over hundreds – if not thousands – of years and we’re not going to build a new financial infrastructure overnight.”
Swanepoel went onto say that even though cryptocurrency will be all of these aforementioned things and more, it is wise to be patient and just go one step at a time.

“The stakes are high and it would be irresponsible and potentially outright dangerous to rush things. After last week’s comment on BTC around the $4,000 level, the last week of trading has seen very little to continue to push Bitcoin upwards, with a clear move to the downside and establishing new lows for 2019. From talking to various sources in the industry there is still an expectation of a continued move lower for the largest cryptocurrency with several citing $1,500 level as a potential ‘bottom’.”

Last week, the price of Bitcoin fell down 13 percent after a short-term corrective bounce from the low in December when the price sunk to around the $3,100 region.
What are your thoughts on this? Where do you see Bitcoin in 2019? Let us know what you think down below in the comments!
Source: Crypto Daily