Author: Anna Galvez

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Crypto News

Institutional Investors To Play A Significant Role In The Crypto Market, Says The Coinbase VP

Coinbase Vice President and General Manager Adam White, during a recent interview, asserted that institutional investors would play a significant role for the crypto market since they see cryptocurrencies as a reliable investment asset. This statement is indeed a very bullish assertion regarding the future of the crypto-verse.

During an interview Adam White held at CNBC’s Fast Money talk-show, the Coinbase VP stated that the retail investors hit the breaks, letting institutional investors step in to take the significant role of becoming the primary investors in the cryptocurrencies market.

The role of institutional investors would be a significant one within the crypto market, in the future. To prove its statements regarding the switch from retail investors to institutional investors, Adam White presented Coinbase cryptocurrency exchange figures and new products.

Accordingly, Coinbase chose to invest in new crypto-related services and product, as well as in the new Coinbase Custody platform, specially designed for institutional investors.

Institutional investors will come in large number when the crypto market transparency increases

According to Adam White, Coinbase cryptocurrency exchange platform’s VP, increased crypto market transparency would attract more and more institutional investors. He also added that lowering cryptocurrency regulations’ ambiguity and full compliances with crypto-related legislations would benefit the emergence of increasingly more institutional investors in the market.

We have a long-term vision for space. And we are focused on building the exchange, the wallet, the custodian, that allows capital to move into space.

Adam White, Coinbase Vice President and General Manager

Coinbase cryptocurrency exchange platform introduced the Coinbase Custody service dedicated to institutional investors, among the first platforms in the world.

The emergence of institutional investors would indeed increase the cryptocurrencies trading volumes and would bring the crypto market to the next level, which could mean increased adoption and, above all, higher cryptocurrencies values against the USD.

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Crypto News

Bitcoin (BTC) And Cryptocurrencies Market Could Significantly Surge In 2019

It looks like the series of negative news about Bitcoin (BTC) as well as other cryptocurrencies is gradually fading away, exposing a positive environment surrounding the cryptocurrencies market.

During the last week, the Bitcoin (BTC) prices, along with those of the other cryptocurrencies, have soared slightly, particularly when measured against previous values against the US Dollar. Notwithstanding the obvious cryptocurrencies market boom of December 2017 and the sharp decline as we moved into 2018, which continued in February, the cryptos showed a slight recovery during recent months.

Some cryptocurrencies market analysts who examine the ongoing market boom think there are a number of reasons for the recent upturn. First, the alternative cryptocurrencies, the so-called altcoins, are gaining a higher degree of freedom from Bitcoin (BTC) and the fluctuations in its price.

Bitcoin (BTC), along with the other cryptocurrencies on the market, will significantly surge in 2019

We have recently noticed that a lot of altcoins are slightly diverging from the behavior of Bitcoin (BTC) within cryptocurrencies market. Commonly, when Bitcoin (BTC) is surging within the cryptocurrencies market, the rest of altcoins, such as XRP (XRP), formerly known as Ripple (XRP), and a few others, surge similarly.

Meanwhile, the analysts are forecasting that the cryptocurrencies market could be heading for a lockdown in the upcoming weeks. If you plan to invest, some experts have advised you to make a long-term investment, instead of putting money on the short-term.

Bitcoin falling to around $6,600 on July 5th was probably the lowest point of the year, but its price will continue to rise and will probably reach a peak of around $15,000 by the end of this year. Cardano (ADA) is the most impressive one so far.

Michael Collins, founder and CEO of GN Compass

Other cryptocurrencies market analysts say that the investors are time-limited to board the “cryptocurrency train.” That is a decision that investors have to take sooner. Otherwise, they could be arriving too late.

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Crypto News

Bitrefill Allows Users To Buy Amazon Gift Cards With Bitcoin (BTC) And Other Cryptos Based On Lightning Network

The startup Bitrefill launched this Thursday, July 19th, a new service that will allow any user to purchase gifts cards from Amazon through its platform, using Bitcoin (BTC), as well as other cryptocurrencies through the Lightning Network (LN). Sergej Kotliar, CEO of Bitrefill, announced that “although this technology is very new, it will become the future of Bitcoin (BTC) payments.”

Through Bitrefill website, the users can choose the amount they want to top up on Amazon. Amounts can range from $5 to $1,000 per refill. Once the value is selected, the system will provide a coupon code with instructions on how to redeem it. It is important to remember that the purchase is only valid for the Amazon store in the United States.

Bitrefill allows users to buy Amazon gift cards with Bitcoin (BTC), as well as other cryptocurrencies, based on Lightning Network

In the top-up process, the users must also provide their email address so that Bitrefill can send updates on the status of the order and give the top-up PIN code. Among the cryptocurrencies that the platform processes are Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), and Dogecoin (DOGE).

Lightning Network offers a clear separation of concerns. The portfolio handles everything related to the blockchain by obtaining confirmed transactions, so that when the payment comes to us, it is already confirmed. That is, the correct amount of BTC is going in the right direction.

Sergej Kotliar, CEO of Bitrefill

The aim of Bitrefill is to enable people to live with cryptocurrency, first by enabling ways for people to spend their coins and second by offering ways to help people earn an income from it. The company gained attention in the fall of 2017 by being one of the first to join the Lightning Network.

Bitrefill is also known in dozens of countries for its recharging of prepaid telephone lines, internet, and basic telephony.

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Crypto

Parity Ethereum (ETH) Client Update Ditches GUI From Its Wallet And Focuses On Devs

Parity, one of the most recognized clients for Ethereum (ETH) in the ecosystem, reported that its v2.0.0-beta update would serve to remove some of the features for end users, especially the GUI of its wallet. This modification will also help to rename this protocol as Parity-Ethereum and will focus on providing tools to users concentrate on infrastructure development, cryptocurrency exchange platforms, mining pools, among other high-level users.

Until now, Parity had been a full node client and wallet, and infrastructure services for Ethereum (ETH). However, according to the official release with the update, the Parity wallet’s GUI will be removed, focusing on providing tools for developers. Users with a high technical level will be able to use their node to conserve funds, but the “friendly” interface will no longer be available.

The specific installers and packages associated with this tool have also been removed. Thus, Parity Ethereum becomes part of the critical pieces of Ethereum (ETH) infrastructure, allowing the integration of its tools in the development of software packages for the end user.

Parity Ethereum (ETH) client’s decision to remove the GUI from its wallet raised some concerns among users

People who have been using this wallet will find a replacement in the Parity user interface available in Github, although the team emphasized that they will only maintain it minimally. Their recommendation is to use Parity Fether, a lightweight wallet associated with his client that will be released shortly.

With version v2.0.0-beta, Parity users will be able to connect different consensus engines, as well as complete infrastructure development with tools that are compatible with a dozen networks running on Ethereum (ETH) network and can be further developed with this suite of tools for advanced users.

Through Reddit, some users were annoyed by the decision, assuring that the possibility of operating a complete node and using a wallet at the same time is not something that is available to other customers. However, the Parity update was generally well received, especially for its new focus on infrastructure and developers.

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Crypto News

MyEtherWallet Allows Ethereum (ETH) Purchases With Credit Cards

The developers of MyEtherWallet (MEW), one of Ethereum (ETH) most widely used wallets, reported on Wednesday, July 18th, that customers of the platform can now purchase Ethereum (ETH) by paying with their credit cards.

In accordance with a MyEtherWallet tweet, customers of this cryptocurrency wallet can now acquire Ethereum (ETH) via Visa or Mastercard credit cards in either US Dollars or Euros. That is achieved thanks to an agreement between MyEtherWallet and Simplex, a business devoted to non-fraudulent payment services for the cryptocurrencies market ecosystem using credit cards.

Credit card transactions have a minimum first purchase limit of $50 and a maximum limit of $10,000. Also, to respect the Simplex terms, the monthly trading volume for each card is $50,000, with a maximum daily trading volume of $20,000. These limits are being shared by the investment services firm Abra, which last week advertised the deployment of Simplex to their business services.

It is now possible to buy Ethereum (ETH) on MyEtherWallet using credit cards, once again

The recent reports made by MyEtherWallet and Abra announce the re-establishment of the cryptocurrencies purchases on credit, for the first time since February this year when several banks including JPMorgan, Lloyds Bank, Citi Group, and Bank of America ruled out the option for their customers to buy Bitcoin (BTC) using credit cards.

Back then, they argued that the volatility of the cryptocurrencies market represented a risk for investors. This corporative action removed the opportunity for these banks’ customers to buy cryptocurrencies on credit. Because of this move, the total number of Mastercard transactions being processed declined by 2% in the first quarter of 2018 as compared to the same period in 2017, reported Mastercard’s Chief Financial Officer Martina Hund-Mejean.

Currently, no other limitations on the MyEtherWallet service are known to exist, excluding the restrictions on Abra, where it is impossible to purchase Bitcoin (BTC) in 13 countries, as a result of alleged Simplex constraints.

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