Bitcoin [BTC] value has actually improved since JPM coin because of its decentralized nature, claims Tim Draper

Tim Draper, Venture Capitalist and Bitcoin Bull, recently claimed that Bitcoin [BTC] had the potential to majorly transform how the world operates and not just the financial ecosystem.
In a recent episode of The Crypto Chick with Rachel Wolfson, Draper said that the importance of Bitcoin [BTC] as a medium of currency would not be diminished in the forthcoming period. He explained that Bitcoin [BTC] had transcended the concept of decentralization and enabled the mass to think in a decentralized manner rather than backing a “political currency which is tied to a bureaucracy.”
During the interview, Tim Draper was asked to comment on the current market scenario of Bitcoin and where it was headed in terms of valuation. He explained that new technologies usually undergo a period of hype where people give attention to a new and intriguing trend.
He stated,
“The excitement will never be that hiked as it was the first time around but the value would grow sustainably over a long period.”
He believed that the recent hike had occurred in discreet movements and the trade volume was still not significant enough. He also said that the use of open node and Lightning Network might have solved a lot of people’s problems in terms of scalability.
Additionally, Tim Draper indicated that JP Morgan’s introduction of the JPM coin actually helped Bitcoin’s case in terms of popularity. He said that people were smart enough to understand the value of Bitcoin now and that it had more value than JPM coin which was centralized in nature.
Tim Draper stood by his prediction he had made earlier that Bitcoin [BTC] would hit $250,000 valuation by the year 2022 or 2023.
He mentioned,
“There is no question in my mind that Bitcoin would have a 5 percent market share which is all it requires in order to hit $250,000. There is $90 trillion dollars worth currency in the world. The number would probably increase because of crypto and as people evolve and see the opportunity and security behind cryptocurrency, they would start bringing it into their lives.”
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Source: AMB Crypto

Craig Wright’s ‘harassment and libel’ campaign might have hit a roadblock

Craig Wright’s “harassment and libel” lawsuit campaign has been extensively covered across different media platforms. His campaign might have come to a pause or possible end, as a Twitter user pointed out that Wright may have submitted a “provably fake email in court for the Kleiman case”.
Dr. Funkenstein, a Twitter user had tweeted:

Craig Wright just submitted a provably fake email in court for the Kleiman case. @PeterMcCormack and @adam3us, you may find this interesting!
— Dr. Funkenstein (@DrFunkenstein6) April 16, 2019

The letter is an email from David Kleiman, which will act as proof to Craig’s claims about him being Satoshi Nakamoto, the creator of Bitcoin. According to Craig Wright, the email was sent by David Kleiman in 2012 and this letter/email was submitted by Wright in the court of law as proof.
According to Dr. Funkenstein, the letter contained a hex coded time stamp, which after decoding yielded the actual date, i.e., March 12, 2014, which is contradictory to Wright’s claims.
Dr. Funkenstein also tweeted:
“I should have mentioned, Dave died in 2013, so unless he rose from the dead, this email wasn’t from him.”
If what Dr. Funkenstein claims, is true, then Craig Wright’s claims of being Satoshi Nakamoto would be discredited. This would imply other cases that Craig Wright has been filing against several people in the crypto community like Peter McCormack, Adam Back, etc would come to naught, unless Wright has more proof to his claims.
Monero’s fluffypony commented on the matter as he tweeted:
“From: Dave Klieman”
So the court is expected to believe that Dave Kleiman couldn’t even spell his own name correctly when setting up his email client? That seems…unlikely.
Craig Wright is a fraud. Sorry for your loss, @CalvinAyre.”
Wright and Ayre’s relentless campaigns have pushed the coin, Bitcoin SV to the edge as exchanges like Binance, Shapeshift and others have delisted it.
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Source: AMB Crypto

Bitcoin [BTC] proponent Adam Draper: There will be more digital currencies than fiat in 10 years

The proponents in the cryptoverse have played a major role in controlling market sentiment and its updates and developments. In his latest podcast, Anthony Pompliano, the Founder of Morgan Creek Digitial Captial sat down with Adam Draper, the Founder of BoostVC and Bitcoin [BTC] supporter to discuss the state of the cryptocurrency market right now.
Pompliano claimed that the market right now is “awesome” and that he hasn’t been this excited about the market for a long time. He added that he was a big believer in Bitcoin and its future applications. He said:
“I think the impossible can happen in the space and I stand by it. I think Bitcoin could be disrupted and that there could be two predictions. In my opinion, in the next 10 years there will be more digital currencies than fiat currencies and probably in the next 25 years BTC may become a global currency. Bitcoin works like the internet, no one really talks about the internet right but rather the products built on it.”
The BoostVC official added that in the future, there will be different protocols for different things that will enable a better financial structure. Draper also touched on the predicted success of the Lightning Network and how it will benefit users in the space. Speaking on why it will become a hit, Draper stated:
“I think the lightning network will work for the same reason why BTC could work, just a bunch of smart people producing some really smart things. It’s right up there with Binance in terms of user applicability.”
Draper further supported the case of non-fungible tokens and how they are extremely undervalued in today’s day and age.  He was also in the news earlier when he talked about his investment in Coinbase and its impacts on the cryptocurrency market. He had said:
“I will be very honest with you, before Coinbase happened I had no experience in crypto at all. What happened was I got sent a list of companies for investments and out of that one said ‘marketplace of digital currencies’ and I had no idea what that was. After this, I wrote a mail to Brian sounding better than I was.”
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Source: AMB Crypto

Bitcoin [BTC]: Officials crack down on massive BTC fraud in ‘largest pill seizure in the history of New Jersey’

Bitcoin [BTC] and other cryptocurrencies have been in the news because of positive developments as well as instances of fraudsters using the decentralized property of the digital assets to conduct nefarious activities. Latest reports revealed that the Manhattan District Attorney Cyrus R. Vance in association with the United States Secret Service, the US Homeland Security Investigations and the US Postal Inspection Service, arrested two individuals for laundering $2.3 million using Bitcoin.
In the official report, the District Attorney had said:
“When our office received reports of suspicious activity at ATMs in New York and New Jersey, our talented investigators followed the money, using our state-of-the-art Cyber Lab to uncover a dark web counterfeit pill seller whose $2.3 million operation spanned the U.S.”
The indicted members operated storefronts on the dark web that shipped and sold thousands of counterfeit prescription drugs like Xanax and others across the US states. The law enforcement agencies have aggressively reported that anyone involved in illegal activities, especially using cryptocurrencies, will be prosecuted under the mandate of the law. The release from the DA added:
“Not only is this the first time state prosecutors in New York have taken down a dark web storefront, this takedown represents the largest pill seizure in New Jersey’s history. If you are engaging in illicit activity on the dark web, you are on notice: we know how to find you, we know how to put you out of business, and we know how to hold you criminally accountable.”
The crackdown was another major achievement because it was the single largest quantity of pills seized in the state of New Jersey. The $2.3 million in question was collected as part of recharging debit cards and money withdrawn from ATMs across Manhattan and New Jersey.
This was not the first time that Bitcoin has been roped in a case involving illicit activities. Just two weeks back a Bitcoin fraudster in Canada was asked to forfeit $1/14 million that was obtained using activities on the dark web. Mathew Phan had used Bitcoin to fund his business of purchasing illicit items on the dark web such as firearms and pharmaceuticals.
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Source: AMB Crypto

Coinbase expands to India, South Korea, New Zealand and 8 other countries by launching crypto-to-crypto trading services

Coinbase, a leading cryptocurrency exchange platform, announced that it has expanded its crypto-to-crypto trading service in 11 more countries, on its official blog. With the addition of these new countries, the reach of Coinbase has expanded to a total of 53 countries.
According to the blog post, Coinbase has opened its trading door for cryptocurrency enthusiasts in India, Mexico, New Zealand, South Korea, Indonesia, Hong Kong, Phillippines, Chile, Columbia, Peru, and Argentina. Users will be able to avail crypto-to-crypto trading services such as buying and selling crypto on Coinbase Pro and In addition, customers can also buy and sell cryptocurrencies via the Coinbase app available on iOS and Android.
The official announcement read,
“Direct trading between cryptos is increasingly the new norm and in the last year has overtaken traditional fiat to crypto trading across the globe. Millions of Coinbase customers can now securely and quickly trade between different cryptos and send crypto off-platform at their convenience.”
More so, the blog stated that this was a part of the exchange’s mission of “creating an open financial system for the world”. It also stated that the cryptocurrency space is shifting from the “investment phase” to the “utility phase”, which would pave the path for new use cases. It further stated,
“This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.”
This news is extremely important for India’s crypto-community. This is mainly because of the ban placed by the Reserve Bank of India, the Central bank. Last year, the bank released a circular barring all the banks regulated by the central bank from associating with individuals and businesses involved with virtual currencies.
Due to the ban, some major local exchanges such as Zebpay had to shut down its operations. Even though Coinbase is providing only crypto-to-crypto trading, this does act as one of the most significant moments for the Indian crypto-community.
Along with this, the exchange also announced that its customers will be able to trade Augur [REP], one of the leading cryptocurrencies in the space, beginning today. Notably, this trading service will not be available immediately for customers in New York. The trade will be live on and Coinbase app on iOS and Android.
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Source: AMB Crypto

‘Blockchain technology can transform the MENA region’, says Ripple and Roel Wolfert

The main focal point of a lot of cryptocurrency organizations is to cater to the vast majority of geographical regions across the globe. This mantra has been diligently followed by Ripple for its propagation of an efficient system for cross border transactions, again ratified by its recent share of a blog by Roel Wolfert, Managing Partner at VGrip titled “How Blockchain Will Help Banks Tap New Markets in MENA”.
The blog post’s release coincided with the recently concluded Ripple Regionals MENA, a conference where proponents in the South Asian and Middle Eastern regions spoke about the need for a revamp in terms of transfer technologies. In Wolfert’s blog, he stated:
“Cross-border cash transfers can eat up as much as 9 percent of the amount sent, which makes it as profitable for the service providers as it is a bad deal for customers. It’s no surprise that fintech companies are using blockchain technology, mobile devices, social network plug-ins and chat services to disrupt the existing remittances process.”
The Managing Partner talked about how Blockchain is disrupting traditional remittances and banks, citing the recently published report by Blockdata which stated that blockchain-based transactions are 127 times cheaper and 388 times faster traditional remittance methods. Wolfert further made his case for blockchain technology by adding:
“Cross-border cash transfers can eat up as much as 9 percent of the amount sent, which makes it as profitable for the service providers as it is a bad deal for customers. It’s no surprise that fintech companies are using blockchain technology, mobile devices, social network plug-ins and chat services to disrupt the existing remittances process.”
Ripple’s prowess in the cross-border transactions department was also recently covered in a Forbes article, which mentioned the Brad Garlinghouse-led company’s partnerships with financial mainstays like Banco Santander and PNC bank. The piece stated:
“PNC bank is using Ripple’s blockchain software to process international payments. Santander is already collecting revenue from One Pay FX, a blockchain-based foreign exchange service that is also built on Ripple technology.”
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Source: AMB Crypto

Bitcoin [BTC] Lightning Network gets another boost with release of lnd v0.6-beta update

The Bitcoin [BTC] Lightning Network has taken the entire cryptoverse by storm with a lot of the promise of faster and safer transactions. The latest update from the Lightning Network Daemon informed users of the launch of the lnd v0.6-beta, with the key focus on improving data backups.
The blog from lightning engineering stated that:
“Prior to v0.6-beta, cases of data corruption could result in a loss of funds, but the “static channel backups” introduced in v0.6-beta provide for much-improved safety in these cases. Another major area of improvement as we move toward the release of our Desktop and Mobile mainnet apps are a series of improvements in usability, routing, and performance that will significantly improve the Lightning experience for end users.”
The organization stated that they have focused on areas like safety, routing, usability, compatibility and developer friendliness to make the latest update even more functional. The safety aspect of the update was contained within the Static Channel Backups, a standard way to ensure both on-chain and off-chain funds are backed up and recovered. The GitHub repository shows that for the full recovery of the lnd, a user will require two pieces of data: the 24-word cipher seed and the user’s encrypted Static Channel Backup file. The update also stated that:
“With “static” channel backups, the backup file only needs to be updated after new channels are created, as opposed to every time funds are sent or received. This is more convenient and simpler for users than “dynamic” backups that update with every transaction, but with the downside that SCB requires that channels be closed in data loss recovery scenarios.”
v0.6-beta also aims to make the Lightning Network more accessible to the layman with the automation of the channel creation processes through the development of a new Autopilot system. The Autopilot system will include smarter channel management techniques to pinpoint data routing nodes that are reliable. The developers behind the latest update assured users that the v0.6 has added significant features to its interface to “make things better for Lightning developers”.
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Source: AMB Crypto

Ernst and Young Blockchain Analyzer supports private Ethereum, Quorum and Hyperledger blockchains

Ernst and Young [EY], one of the big four accounting firms alongside Deloitte, KPMG, and PricewaterhouseCoopers, announced the launch of the second generation blockchain analytics tools, EY Blockchain Analyzer. Along with this, the firm also announced the launch of the second generation EY Ops chain and EY Smart Contract Analyzer.
Importantly, the second generation provides support to Ethereum, the leading smart contract platform, Quorum and Hyperledger private blockchain’s.
The announcement read,
“The latest version of EY Blockchain Analyzer being showcased at the EY Global Blockchain Summit supports analysis of zero-knowledge proof (ZKP) private transactions on the public Ethereum blockchain, as well as the Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin public blockchains.”
According to the post, this blockchain analytics tool has been constantly undergoing upgrades over the past two years. Due to this, the platform supports several new virtual currencies and also introduces new functionalities concerning private and public blockchain.
Notably, the first generation of the analytics tools could only be used by the audit teams in the organization. Now, the tool can be accessed by non-audit clients as a business application. This application can be accessed by the clients at any given point of time and for the EY teams and clients under the Advisory, Tax and Transaction Advisory, it enables financial reporting, tax calculation, transaction monitoring.
Source: EY
The blog post stated,
“In addition to transaction analysis, the new version of EY Blockchain Analyzer will support tax calculation for crypto-assets […] the newest version of this technology can automatically calculate capital gains and losses on transactions in compliance with US tax law.”
It further stated,
“[it] is expected to be available for use by EY client-serving teams in 2019 across a selection of more than 100 EY Assurance clients that hold or trade cryptocurrencies or operate in the blockchain ecosystem.”
Source: Reddit
ChamberofSarcasm, a Redditor said,
“Good for ETH, bad for Waltonchain and VeChain, I think. They were focused on tracking inventory in companies, and this might do just that.”
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Source: AMB Crypto

Is John McAfee among crypto adherents who knows Satoshi’s true identity?

John McAfee, the cyber-security genius, assured that Craig Wright was not Satoshi Nakamoto and in a shocking turn of events mentioned that there were a few people who knew the true identity of Satoshi Nakamoto.
John McAfee’s tweet read:
“Enough is enough! There at least a dozen crypto adherents who know the true identity of Satoshi. I can assure you, 100%, it is NOT Craig Wright. This absurd claim of Craig’s is incomprehensible. Mr wright: Have you no shame? Seriously sir! Have you no shame?”
Craig Wright has been raining lawsuits on Bitcoin enthusiasts who allegedly ridiculed him and claimed that he was not Satoshi Nakamoto. The string of lawsuits that began with Hodlonaut (and still continuing) brought the crypto-space together. Moreover, this also led CZ, the CEO of Binance, to delist Bitcoin SV, a fork of Bitcoin Cash, supported by Calvin Ayre and Craig Wright.
While some prominent people in the community “trolled” the incidents that occurred, others in the crypto-sphere gave their opinions on – if Craig Wright was Satoshi Nakamoto or not. McAfee was one among the latter, as he mentioned that there “at least a dozen crypto adherents” who knew Satoshi Nakamoto’s identity.
In addition, McAfee assured that Craig Wright wasn’t Satoshi Nakamoto. He said that he was “100% sure” about this matter, which leads to another question: Is John McAfee be one among the “dozen crypto adherents” who knows the identity of Satoshi Nakamoto?
Curious Twitter users asked if actually knew the identity and asked him to divulge the information. A Twitter user @bobchain_crypto tweeted:
“Do you know? Tell us!!!”
McAfee replied:
“Please. Get real. Satoshi has remained anonymous all these years and you expect someone to just tell you??? Surely that was not a serious statement.”
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Source: AMB Crypto

Bitcoin SV [BSV] delisting continues as several exchanges follow Binance to oust coin

The domino effect was in full swing, as Binance’s Bitcoin SV [BSV] delisting buoyed several exchanges to follow suit. The now 14th largest cryptocurrency in the market had a disastrous start to the week, with a slew of de-platforming announcements spelling a bearish wave.
A mere three hours after Binance’s announcement, Shapeshift’s CEO Erik Voorhees announced that BSV would be delisted from their services, followed by a Kraken pool hinting at delisting and pulling the trigger less than a day later. Since then, several cryptocurrency platforms have joined the delisting brigade.
The Hong Kong exchange Bitforex, took the cautionary Kraken approach, putting out a pool to gauge public sentiment before delisting the coin. Bitforex stated that if the majority voted in favor of delisting, the exchange would pull the trigger. After over 50,000 votes, over 55 percent of the respondents were in favor of the delisting, which now looks imminent.
Bitrue, the California-based exchange announced that it will also show the door to the Bitcoin Cash [BCH] hardfork, stating via a tweet:
“To preserve our integrity & community trust, we will delist $BCHSV before it causes trouble and destroys more confidence in the crypto space!
$BCHSV will be delisted within 24hrs. Withdrawals will be kept open @BitrueOfficial .”
The UK-based cryptocurrency trading platform Bittylicious announced on April 16 that Bitcoin SV will be off-loaded from their services as well. Besides the “low volumes” of the coin, the platform pegged the “toxic litigious environment” that its proponents created as the main reason for the delisting.
Other platforms to hint at a possible Bitcoin SV delisting from their services were and Cryptoradar.
The delisting dilemma has seen the price of Bitcoin SV plummet by over 20 percent after the Binance announcement. The coin fell two spots on the global coin ladder, allowing Monero [XMR] and Dash [DASH] to surge ahead.
On the bright side, if there is one, Satoshi’s Vision did foresee delisting on the horizon, particularly after CZ’s “Anymore of this sh!t, we delist,” tweet, and came up with a back-up. A “Bitcoin SV based exchange” named FloatSV was launched, in partnership with OKEx, based on an April 12 announcement, a day after the aforementioned CZ tweet.
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Source: AMB Crypto

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Prices hold steady valuations as market moves towards a neutral trend

Bitcoin [BTC] and it’s silver counterpart Litecoin [LTC] managed to hold off major price decline over the trend period as the coins witnessed a standstill. At press time, Bitcoin [BTC] raised its valuation by 3.30 percent in comparison to the US dollar and the trade volume garnered about $11.7 billion.
Litecoin [LTC] exhibited a similar growth with a hike of 2.66 percent with respect to the US dollar and was priced at $81.09 at press time. The market capitalization recorded by the coin was around $4.9 billion.
Bitcoin one-day chart:
Source: Trading View
The one-day chart of Bitcoin exhibited the uptrend due to the surge and pushed up the valuation from $3952.4 to $5310.3. The new support line scaled after the hike was placed at $4931.9 and the resistance remained at 5312.4. The price held a sideways movement between these two lines at press time.
The Parabolic SAR indicated a bearish trend for the coin as the dotted markers remained above the candlesticks.
The Chaikin Money Flow or CMF line was above the zero line in the chart which implied that capital was coming into the market.
The MACD indicator showed a bearish crossover and the histogram was below the red line which pointed towards a bear trend for the coin.
Litecoin one-day chart:
Source: Trading View
Litecoin [LTC] had dropped in valuation after the price surge as the valuation extended from $92.512 to $83.976. The new support line for the trend was scaled at $61.225 and the resistance line remained strong at $93.144.
The Bollinger Bands indicator implied a volatile period for the coin as the markers converged in the market.
The Relative Strength Index or RSI pointed towards acquired neutrality between the selling pressure and buying pressure as the line remained under the 60-marker.
The Awesome Oscillator or AO indicated a bearish momentum in the market at press time, but continued to lose the upper hand with declining red bars.
The SAR, MACD and the CMF indicated a bearish downtrend for Bitcoin on the daily charts. The indicators for Litecoin showed a bearish decline while the prices moved sideways.
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Source: AMB Crypto

Ethereum [ETH] foundation member takes a step forward for better governance

Ethereum [ETH], the second largest cryptocurrency and a leading smart contract platform, was recently in the news over concerns surrounding its governance. As a means to find a solution to the problems brought up by the community, Eva Beylin, a member of the Ethereum Foundation, created an unofficial survey to gauge the community sentiment on Ethereum’s governance.
Recently, Lane Rettig, one of the core developers of Ethereum, claimed that “Ethereum governance has failed”, on his official Twitter handle. He had stated,
“We are a de facto technocracy, where a small group of technocrats, the core devs, have final say over what goes into the protocol. But the challenges we face today are increasingly non-technical. Core devs don’t want to make these decisions because they feel unqualified, fear legal liability […]”
This was followed by Rettig suggesting five options Ethereum could opt for towards bettering Ethereum’s governance. The first was to take a path similar to Bitcoin, give up on governing Ethereum altogether. By going the Bitcoin way, Ethereum would no longer make “hard decisions”, its protocol would also “not evolve”, and its progress would be “slow”, he stated.
“2. Replace technocracy with plutocracy. Ether holders would be all too happy to take control of decision making. 3.Double down on the tyranny of structurelessness that we’re in today. Give up on technocracy, embrace capture by the elites, the well-connected, the already-powerful.”
The fourth point was to acknowledge the fact that decentralized governance did not really work, and “give up on Ethereum”. The fifth was to acknowledge that decentralized governance did not work just yet, adding that this could be solved someday. He further stated that it was better to shift back to centralized governance, introducing transparency, accountability and ensuring clean governance.
This statement created an uproar in the Ethereum community, with some speaking up against the points made by Rettig. Now, Eva Beylin stated the survey was created in order to have deeper understanding into the community’s “view on Ethereum governance”.
She said on Twitter,
“Incentives to participate: Provide diverse community perspectives Contribute to accurate sentiment analysis (better signal to noise) communicate views anonymously The goal is to get broad input, incl. devs, miners, investors, community etc. RT for visibility!”
This survey could also be used for the future governance of the ecosystem and also take the necessary steps while making decisions. The survey has a total of sixty-seven questions, with these questions surrounding the community member’s demographics, their role in the Ethereum community, Ethereum governance, and governance mechanisms.
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Source: AMB Crypto

Kraken shows the door to Bitcoin SV [BSV]; joins Binance and Shapeshift to delist coin

Kraken the American cryptocurrency exchange has officially tossed Bitcoin SV out of its platform. Following the likes of Binance and Shapeshift, the San Francisco exchange announced the delisting of BSV on April 17.
Kraken tweeted:
“The people have spoken. Kraken is delisting BitcoinSV”
As the Binance and Shapeshift decision collectively rocked the BSV market, Jesse Powell’s Kraken did not immediately join the delisting brigade. The exchange decided to gauge public opinion of a decision that could send shockwaves through the market.
On April 15, Kraken put out a pool, which saw over 65,000 respondents on the BSV-delisting issue. An overwhelming majority of over 72 percent backed the delisting option, stating that the coin is “toxic” to the community. Only a mere 7 percent did not want the coin to be delisted while the rest didn’t bother too much with the issue.
In a blog, Kraken also explained their motivation behind this move:
“Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them.
This aggression will not stand. Alongside other upstanding members of the community, and in consultation with more than 70,000 Kraken users, we have decided to delist Bitcoin SV. Deposits will be disabled April 22. Trading will cease on all trading pairs April 29. Withdrawals will continue until May 31.”
Unlike Binance that jumped the gun, due to the prominent support for the delisting approach, Kraken took a more measured path. It should be noted that Changpeng Zhao, the CEO of Binance did float the possibility of a delisting days before the actual announcement. Several influencers backed delisting, not only from Binance but from a host of exchanges.
The delisting cry comes after the two spearheads of the project Craig Wright and Calvin Ayre have been launching legal notices to those who contest Wright’s claims of being Satoshi Nakamoto and call him a “fraud.” Peter McCormack and Hodlonaut are two prominent crypto-influencers that have been subjected to this legal charge from the BSV camp.
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Source: AMB Crypto

Bitcoin [BTC], Bitcoin Cash [BCH] accepted as payments by Corporate Traveller following tie-up with BitPay

The future of cryptocurrency had always been speculative and constantly clouded with doubts as crypto-assets were highly unregulated. The silver lining for the industry remains in terms of worldwide adoption, which has the potential to promote the use of virtual currencies.
According to reports, Corporate Traveller, the premier company for business traveling services based out of the UK, entered an alliance with BitPay, which is the largest global blockchain payment service.
The newly announced partnership would now allow Corporate Traveller to accept Bitcoin [BTC] and Bitcoin Cash [BCH] for travel bookings from its Small to Medium sized enterprises [SME] customers.
Corporate Traveller made the announcement on Twitter and stated,
Source: Twitter
According to the announcement, there would be no price deviation for the company as the users would send the payments via Bitcoin or Bitcoin Cash directly to Corporate Traveller’s bank account via Bitpay. BitPay would charge the users only 1% to approve the transaction, unlike the high cost levied by bank credit cards.
This new-formed partnership is monumental for the crypto community and further solidifies the convenient usage of cryptocurrencies.
Andy Hegley, the UK General Manager of Corporate Traveller, said,
“We identified an increasing demand from our clients for the option to pay in bitcoin for business travel bookings made by our travel consultants. We chose BitPay to manage our merchant processing because they make it easy and handle the entire process of getting the Bitcoin or Bitcoin Cash from the customer and depositing cash into our account.”
Sonny Singh, Chief Commercial Officer of Bitpay, had recently claimed that countries like Russia, China and India could play a major and significant role in the next Bitcoin Bull Run.
He believed that the crypto realms were pretty steady in places like the US and Europe, but for digital assets to grow and for price valuations to rise up, regulations had to undergo changes in places like Russia and India; where cryptocurrencies were being blatantly opposed.
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Source: AMB Crypto

Ripple’s SVP of Product: ‘We want to change outdated methods of moving money across borders’

The cryptocurrency market has seen its sentiments vary with the comments made by its proponents and its critics. In the latest video released by Ripple, Asheesh Birla, the company’s SVP of Product spoke about the basic founding principle of money transfer as well as the reasons why cross border transactions are important.
Birla stated that Ripple’s main agenda is to move money like information because everything else could be transferred quickly. He gave the example of YouTube being beamed into the International Space Station, while the financial structure for monetary movement has not come far from the methods used in the 1960s. In his words:
“Sending money has always been a painful experience and its 2019. We are still using the methods that we used in the 1960s when all the world had a handful of giant banks. But today, we have multiple million dollar online franchises that need to receive and transfer international payments quickly and efficiently. This is where Ripple and RippleNet come in.
Asheesh Birla claimed that they want to be on good terms with regulatory authorities as well as financial institutions. The SVP added that Ripple wants to be “creators rather than destroyers”. He added:
“We want to construct and build a better and more modern system where XRP will come into play. If you look at the system right now, we can see almost ten trillion dollars being tied in the remittance market. This is because the money is prefunded and will not facilitate cross border movement.”
The Ripple official also talked about the importance of Mexico and the Philippines, two countries where xRapid has been effective. Birla stated that the two countries are great for on-demand liquidity, with other factors that have to be taken into consideration. Birla pointed out to the big numbers in the remittance market in these countries, almost $31 billion in Mexico and a handsome $33 billion in the Philippines.
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Source: AMB Crypto