Ripple And Bitcoin: What Happened Last Week?

Last week was an eventful one, to say the least. The market crashed once again leaving many to wonder whether it will rise again. I suppose last week is a good way, to sum up, 2018.
Ripple
Last week saw Ripple looking for a new solutions architect which will aid the growth of RippleNet “by designing and then guiding the deployment and integration of Ripple’s solutions with banking and payment systems for Ripple’s customer base in India and the Middle East.”
Jim Chauncey-Kelly, who is the Director and Talent Acquisition at Ripple according to this Twitter announced on the platform:

.@Ripple is #hiring a Solutions Architect APAC! Apply today https://t.co/pj7iwkRRkd via @greenhouse #jobs #fintech
— Jim Chauncey-Kelly (@JChaunceyKelly) December 9, 2018
Bitcoin
It was one hell of a week for Bitcoin but aside from the crash of the market, the CEO of Binance, Changpeng Zhao has said he’s waiting on The CEO of Amazon, Jeff Bezos regarding the capitalisation of Bitcoin and cryptocurrency.

As reported by The Daily Hodl, CZ asked the crypto community on Twitter what will be the catalyst for the next bull run which got several responses from the community which prompted Bezos’ name to be brought up.

I can’t.  Jeff Bezos can.
— CZ Binance (@cz_binance) December 8, 2018
In a later tweet, one community member recommended to CZ should bring Bezos to Binance to which he responded, “easier to bring crypto to him. waiting for the day Amazon accepts (or issues) crypto.”
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Here's Why The Bitcoin ETF Keeps Getting Pushed Back

Throughout this year, proposals and listings for the Bitcoin exchange-traded fund (ETF) keep on getting denied as well as being pushed back by the United States Securities and Exchange Commission (SEC). This comes after several of the SEC refusals of Bitcoin-based funds which include the SolidX Bitcoin Trust and two separate denials of the Winklevoss Bitcoin Trust with the first one being last year and the other being in the summer of 2018.
In the past, the SEC has approved ETFs which track down copper, oil, gold, silver, platinum and so much more but Bitcoin and cryptocurrencies don’t seem to be getting the benefit of the doubt despite being classed as commodities by the US Commodity Futures Trading Commission (CFTC). Here are some of the reasons why we think the Bitcoin ETF keeps on getting pushed back.
Gold Trust
If we take a trip back to 2004, this is when the SPDR Gold Trust was approved. When it was given the approval, the New York Stock Exchange was unable to establish information-sharing agreements linked to spot trading. It didn’t seem possible that agreements would be secured since most gold spot exchanges aren’t very formal and occur through the over-the-counter gold market in London.

In light of this, the SEC decided there were two factors which met its requirements. As reported by Bullion Star:

“First, it claimed that gold OTC markets are very liquid and thus difficult to manipulate. Second, the NYSE  with NYMEX, whose COMEX division listed the most popular set of gold futures contracts. Since the COMEX market is a regulated exchange that the SEC deemed ‘significant’, the sharing of information between the NYSE and COMEX would help ensure that manipulation could be caught. The meaning of ‘significant’ is sizable relative to overall trading volumes.”

Crypto Corporations
It seems like the SEC believes that data and information sharing agreements with significant exchanges are vital to compliance with the Securities Exchange Act, the body of legislation which governs the SEC. There is one part of the section of the Act which requires the SEC to make sure that the securities exchanges it regulations which includes BATS BZX Exchange and is designed to prevent fraud and manipulative acts to protect traders in the best interest of the public.

“Not only must an exchange like Bats BZX ensure that it has controls to prevent manipulative behaviour of Bats-listed overlying securities, but it must also take reasonable steps to ensure that the underlying instrument to which it is linked is traded on an exchange that is held to the same standards. The SEC deems that an information sharing agreement between the relevant exchanges is sufficient to fulfill this requirement.”

What are your thoughts? Let us know down below!
Source: Crypto Daily

Stock Exchange Experts Working On New Algory Project

To start, Algory is a startup based in Katowice, Poland which offers tools for active crypto traders. The flagship products include an advanced digital currency scanner which has been called Cryptoscanner. Not only this but a crypto news aggregator too which the most active traders will love.
As it says on the official website, Algory is “the most actionable and multifunctional cryptocurrency tools and cryptocurrency news aggregator ever built for individual crypto traders.”
Who are Algory?
The founders of Algory are Tomasz Przybycień and Dominik Gordel. Following this, several experts from the finance world, traders and programmers joined the team at Algory. The company is also supported by a wide range of advisors.
Algroy is a team of traders who have come from two of the biggest stock exchanges in the world which includes the National Association of Securities Dealers and the New York Stock Exchange. The team have been on the market since 2013 and consists of crypto traders and crypto miners. It’s worth noting that in the time that they have spent looking for the best trading and investment Opportunities on different crypto exchanges, they have decided to place a product on the market which will streamline the whole process of making investment decisions and moreover it will allow you to make a more accurate and efficient investment.
So why should you choose to use Algory?
You can profit much quicker with up to date news and research so that you are always on top of the latest news. Algory has one of the quickest new aggregators out there for the crypto industry. With the news aggregator, you can monitor thousands of different sources in one place.
So head over to Algory and sign up now so you can be sure you are kept up to date with all the latest news from the crypto industry!
Source: Crypto Daily

Developer Creates iOS App to Send XRP with Simple Voice Commands

xRpTo_O, an independent developer, has reportedly created a program for iOS that allows users to conduct XRP transactions with voice commands. By issuing simple voice commands with Siri (the voice assistant), users are able to find all exchanges for specific trading pairs. The app also supports shortcut commands and other features to make it intuitive and easy-to-use. A video showing a user communicating with Siri through voice commands has been uploaded.
Source: Crypto Globe

Big Industries Looking To Make The Most Out Of Bitcoin

The prices of Bitcoin and the rest of the cryptocurrency market are settling down at the wrong end of the market after the sudden surge in the late months of 2017. Despite the drop of cryptocurrencies, the technology behind them is still used in many applications with thousands of cryptocurrencies listed on cryptocurrency supported exchanges. Even though many have different uses now, most of them are being used as payment solutions.
There are some big industry players in the crypto space which are looking to make the most of Bitcoin and altcoins for the development of payment gateways and platforms for payment processes. According to data and research, the cryptocurrency industry is set to reach over 1 billion dollars by 2024 (not to be confused with the market which is miles ahead of this number already). The main factor for this growth can be put down to the adoption of distributed ledger technology, a high remittance in developing countries and the increasing cost of cross-border remittance. It’s also worth noting that fluctuations in monetary regulations also have a part to play in the increased growth.
The part of the cryptocurrency market with payment solutions is predicted to see the highest growth during the forecast period. Some businesses prefer cryptocurrency because of the technology behind it and the certain advantages such as protection from fraud, security, decentralised systems, low fees and so on. The Chief Operating Officer at Crypterium, Austin Kimm said:

“It is possible that these payment apps will replace cards and cash, but different technologies will be successful in different markets. In China payments are now dominated by WeChat and Alipay, QR readers that when combined are now much more significant than cards or cash. What is unique is there is no restriction to younger more tech-savvy users, but reaches all age groups.”

As reported on PRNewswire, Netcoins will be able to grow even more and with thousands of customers, Netcoins can now be easier scaled to million with this key technology in place.
Mark Binns, the CEO of Netcoins said:

“Despite the bear crypto market that is upon us, Netcoins continues to grow our top line transactional revenues. The addition of automated KYC and a self-serve purchase portal for our customers will enable us to keep scaling, to generate revenues 24/7 online, and to white-label this product for sale to altcoins. I am thrilled by the focus and execution of our engineering team enabling us to keep expanding and serving the crypto market in more ways each month. As a brokerage, we can thrive in both bear and bull markets – every trade earns us a commission. We look forward to providing more updates as milestones are met.”

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

MasterCard Blockchain Adoption A Sign Of Things To Come?

A patent has been filed by the massive payment providers, Mastercard. The patent covers a method and system for anonymisation of blockchain based electronic transactions.
The patent application was originally filed in the summer of last year but earlier this week, the US Patent and Trade Office published it.
The patent request refers to electronic transactions becoming anonymous through the blockchain. Specifically the use of one or more intermediary addresses to obscure the source and destination of funds in a blockchain to increase the anonymity of bodies which are involved with blockchain addresses.
It is common for it to be hard for the user behind a blockchain address to actually be identified which means that anyone can transfer or receive transactions utilising a blockchain whilst keeping a high level of secrecy.
Nevertheless, the nature of the blockchain as an immutable ledger is such that every transaction can be traced and followed back to the genesis block of the blockchain. It is possible to view all the transfers involved with a specific blockchain wallet by looking at the movement of digital currency in a blockchain through its transactions.

As reported by RTT, With all the existing communications and attribution structure of blockchain technology available, this is possible. For example, Bitcoin requires identification of where the transfers are coming from and going in order to maintain the ledger.
“The methods and systems filed for patent use intermediary addresses to obfuscate the source and destination of funds for transactions conducted via the blockchain.” Because of this, it results in showing the user only transferring funds to and receiving funds from a small number of addresses that are also involved in a significantly big amount of transfers with different users and therefore the data obtained is useless.
However, the amounts might be obscured through the use of multiple transactions which includes several addresses. This might increase the secrecy even more provided by the systems and methods for which the patent is filed.
Take all of this out of the equation and focus on MasterCard. This is a huge company used by millions across the globe and with them starting utilitie the blockchain and changing it their own way this is a sign of mainstream adoption of blockchain technology. You could say that MasterCard are trying to get ahead of the game before anyone else ‘steals the idea’.
What are your thoughts? Let us know down below!
Source: Crypto Daily