Author: Anna Galvez

Categories
Crypto Markets

Blockchain Technology In China Got The Support Of The Ministry Of Industry And Information Technology

China’s Ministry of Industry and Information Technology expects 2018 to be another important year for investment in the blockchain technology, as in the last five months about 250 investment agreements have been registered in companies dedicated to developing technology based on the blockchain, highlighting the first quarter of this year with 68 investments in the industrial sector. All these thanks to the cryptocurrency trading that survives in China despite the strict regulations.

According to the China Money Network, the ministry reported that 250 agreements have already been registered this year, a figure that represents more than double the number of agreements signed last year, with nearly 100 investment operations carried out throughout 2017, a number that translates the interest in technology into facts.

There are currently 456 companies registered in China that are dedicated exclusively to developing blockchain technology

Of these 456 companies, 295 are focused on developing solutions for different economic sectors, while 86 companies based in China are dedicated to providing services to the financial industry, according to a report from the Chinese ministry.

In addition, the number of projects focused on building blockchain infrastructure reaches 40 startups.

However, the report states that the blockchain sector is still at an early stage, as the investments were not long-term. A fact they expect to happen later, so the bet is to increase investments.

It is important to note that Chinese officials have been studying blockchain technology development in China for years. In fact, two weeks ago they published an index that ranks the main chains of blocks in the ecosystem, based on the applicability, free access, and transparency.

Cryptocurrency trading survives in China despite the strict regulations

These efforts and reports speak about the Chinese government’s interest in taking sides in the development of blockchain technology, even though cryptocurrency trading survives the hostile policies coming from the part of regulatory agents.

It should be noted that since September 4th, 2017, the Initial Coin Offers (ICO) in China have been banned, a regulatory decision that was followed by the announcement of the closure of all national and international cryptocurrency exchange operators.

However, a government spokesman told CCTV, China’s state-owned TV station, that the ICO operations are still “rampant” throughout China despite these bans.

Categories
Crypto

Litecoin (LTC), Bitcoin Cash (BCH), And DASH Accepted On CheapAir Flight And Accomodation Booking Platform

In response to clients’ demands, the travel and tourism agency CheapAir chose to broaden its payment methods with cryptocurrency by accepting Litecoin (LTC), Bitcoin Cash (BCH), and DASH, in addition to Bitcoin (BTC), for flight and accommodation bookings.

The announcement was published on the company’s website on May 23rd. The report clarifies that the top 3 most popular altcoins among CheapAir’s clients for the past half year have been incorporated into the service, thus becoming part of the few travel agencies that support cryptocurrency payments.

In addition, adding these cryptos as payment methods might also ensure cheaper fees and faster transactions. On the subject, CheapAir CEO Jeff Klee noted that the incorporation of these currencies has been a fairly straightforward process, given the prior experience with Bitcoin (BTC) payments which has been introduced by CheapAir in 2013.

CheapAir travel agency introduced Litecoin (LTC), Bitcoin Cash (BCH), and DASH cryptocurrency payments

The Litecoin (LTC), Bitcoin Cash (BCH), and DASH cryptocurrency payments started to be analyzed by the company in April when the Bitcoin (BTC) payment service became problematic as Coinbase’s suspended its custody services.

After that, the CEO of CheapAir, Jeff Klee, enquired with clients about their inclination to use BIP70 portfolios in order to be able to use the BitPay platform, as well as to begin to trial cryptocurrency payments with Litecoin (LTC), Bitcoin Cash (BCH), and DASH.

CheapAir, headquartered in the United States, is a part of a rapidly increasing group of travel agencies that welcome cryptocurrency payments. These agencies, to date, include TapJets, Destinia, Expedia, Travelforcoins, Abitsky, and BTCtrip, but the majority of these are only accepting Bitcoin (BTC).

The single exception is BTCtrip which also accepts payments in Litecoin (LTC) and Dogecoin (DOGE).

In short, from now on, CheapAir trave agency introduced cryptocurrency payments in Litecoin (LTC), Bitcoin Cash (BCH), and DASH.

Categories
Crypto

Apple Added TRON (TRX) Pricing On Its Stocks App, Next To XRP, BTC, And QTUM, Said Justin Sun, TRX Founder

Justin Sun, the owner of TRON (TRX), has announced this morning on his Twitter account the fact that Apple is backing the TRON Foundation by incorporating $TRX pricing into its stocks listing app.

Apple introduced TRON (TRX) prices to its stocks listing app

Apple has been extraordinarily enthusiastic regarding the expansion of blockchain technology, with the inclusion of cryptocurrencies such as Ripple (XRP) and Bitcoin (BTC).

QTUM crypto is another interesting listing on Apple stocks network. QTUM runs on a mixture of Bitcoin Core infrastructure and a version of Ethereum Virtual Machine (EVM). QTUM is trading at $13.18, at the moment of this article.

So, by introducing TRX, Apple is simply defending a more widely available global digital currency by giving us insight into its prices, market capitalization holdings, and so on. Consumers need to append TRX/USD to Apple’s holdings app.

A Reddit user commented on this topic stating that:

They are certainly doing the right thing to be in the position they are in. Although I don’t like some of their tactics, I’m happy to let them make me money.

However, Justin Sun’s tweet got some very negative feedback, as the TRX’s founder has been accused of misleading the community members because Apple, supposedly, has nothing to do with the before-mentioned crypto’s addition.

Apple has always been a friend of cryptocurrency and now TRON (TRX) is promoted

Steve Wozniak, the co-founder of Apple, declared at the beginning of May that he sees the blockchain technology as a huge IT revolution. In the last 24 hours, TRX has been trading at a market capitalization of $4.62 billion and has experienced a 3.98 percent growth in the past 7 days.

TRX is presently being priced at $0.07 on Upbit, at the time of this article. TRON (TRX) can also be exchanged at Bithumb, Binance, and Bit-Z. The TRON community expects that this will ultimately raise its stocks, as traders will be better acquainted with market fluctuations prior to investing.

Categories
Crypto

Monero (XMR) CEO, Riccardo Spagni, Announced Tari Project, A Decentralized Ecosystem For Cryptocurrency

This week, Monero (XMR)’s Tari project, written and running on Monero (XMR) blockchain, that will focus on creating a new decentralized ecosystem for cryptocurrency has been released. Recently, Riccardo Spagni, CEO of Monero, posted on Reddit more details regarding the operation of the Tari project.

The founders of the Tari project, namely, Riccardo Spagni, Naveen Jain (Sparkart), and Dan Teere (ex-leader of Ticketfly), believe that “due to the many concessions involved, it is more difficult to build a protocol focused on decentralized and scalable applications than a protocol that focuses only on digital assets.”

The needed funds for the Tari project, according to Spagni, will be obtained from venture capital firms such as Trinity Ventures, Redpoint, Slow Ventures, Aspect Ventures, and Canaan Partners.

No Initial Currency Offering (ICO) will be made to finance Tari

For this program to develop, the Tari Labs will also be developed and will be headquartered in South Africa. Tari Labs will function “on a Lightning Network implementation that is compatible with Bitcoin (BTC) and Monero (XMR), allowing XMR to benefit from privacy outside the aggregated chain provided by the Lightning Network”.

Tari project has been designed as a Monero (XMR) extra blockchain, therefore, Merged Mining could be applied which, according to the developers, will help the project be extra scalable since it won’t utilize an integrated consensus system.

Tari coin can be earned by mining XMR

Once it’s generated, Tari coin can be obtained through mining Monero (XMR). This system, applied for Monero (XMR) and Tari coin, would apply a hash generated in Monero mining to solve out a block in the Tari blockchain.

Tari Labs and the Tari Organization, of which Spagni is a member, are intended to work together for the administration and development of the project. For this reason, Riccardo Spagni will resign as CEO of MyMonero, leaving Paul Shapiro in charge.

Categories
Crypto

Litecoin (LTC) And Bitcoin (BTC) Adopted As Cryptocurrency Payment Methods By iPayments Platform

On May 23rd, the provider of payment and transaction solutions, iPayment lnc. reported it is partnering with Aliant Payment Systems, a market-leading provider of cryptocurrency transaction processing and digital payment adoption. As a result of this partnership, Litecoin (LTC) and Bitcoin (BTC) will be supported as payments methods for enterprises and their distribution network partners via iPayment.

iPayment will give its clients the chance to receive payments in cryptocurrencies including Litecoin and Bitcoin across both digital and present card platforms with the support of Aliant Payment’s Crypto Processing Gateway.

“The payment environment is constantly changing, iPayment is looking for partnerships and collaborations with other companies that do not anticipate these changes but provide innovative solutions to address these changes, which is exactly what Aliant has devised. We look forward to developing this collaboration and introducing cryptocurrency payments to our channel partners and contributing to the overall product offering.”

Denise Tahali, the Senior VP at iPayments

iPayment adopts Litecoin (LTC) and Bitcoin (BTC) cryptocurrency payment thanks to its partnership with Aliant Payment Systems

iPayment boasts over 20 years of expertise in delivering payment services in the United States of America to over 137,000 micro, small and mid-sized businesses (SMBs). They are principally centered on small business capacity-building, delivering targeted solutions and services which can support members and small and medium-sized businesses in their efforts to flourish and prosper.

Aliant Payment Systems is a commercial and credit card processing service provider with well more than 15 years of expertise in this business. They offer a comprehensive line of credit card equipment, ATMs and payments solutions for all forms of businesses such as construction companies, e-commerce, and mobile sellers.

“Aliant’s main objective becomes one of the first to adopt and facilitate cryptocurrency payments. Working with an established, quality payment provider such as iPayments would enable us to meet that goal.”

Eric Brown, Aliant Payment Systems CEO

In short, iPayments has adopted Litecoin (LTC) and Bitcoin (BTC) as cryptocurrency payment methods thanks to their partnerships with Aliant Payment Systems, a renowned commercial and cred card processing service provider.

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