Author: Anna Galvez

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Crypto Markets

Noah Cross-Border Payment Platform Based On Its Own Noah Coin (NOAH) Invests In Japanese Stock Market

Noah is a cross-border payment platform that started its operations in 2016 with the goal of developing an easy-to-use system for managing payments, mobile payments, discounts and business services using blockchain technology and cryptocurrency. By implementing this technology, the business is able to provide its users with a faster and cheaper method of conducting transactions in comparison with the traditional solutions.

In late April, Noah bought 15% of the shareholdings of Beat Holdings Limited, which was originally known as Xinhua Holdings Limited. The corporation is traded on the Second Section of the Tokyo Stock Exchange and is based in Hong Kong, but operates regionally in Malaysia, Singapore, Indonesia, and Japan.

The Noah Project intends to deepen the deployment of its own new products and technologies and decided to invest more in the Japanese stock market.

Noah cross-border payment platform is backed up by Noah Coin (NOAH)

For its functioning, Noah relies on its own cryptocurrency, the Noah Coin (NOAH). This token will be useful for the execution of various investments linked to residential real estate projects and programs of ecological agriculture, which will use crypto assets to trade and exchange. Furthermore, its clients will be allowed to enjoy the improved ecosystem of Noah, which permits the operation of cryptocurrencies on its platform.

Noah will permit its members to be involved in all the platform’s projects and other unique endeavors, all managed by the Noah Foundation. The program has gathered over $110 million in private fundraising sessions while working to advance its cross-border payment and remittance system through Noah Coin (NOAH).

Besides this, the Noah devs also work on the construction of its proprietary portfolio of cryptocurrencies, specially tailored to be exploited by Noah ecosystem’s members. This is a major component since it will empower consumers to stock, transact, and exchange Noah Coin (NOAH) cryptocurrency.

Noah Coin (NOAH) cryptocurrency is available for purchase at the HitBTC Exchange or via the Changelly crypto exchange platform. At the moment of this article, NOAH is trading at $0.006.

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Crypto

Ripple (XRP) And Bitcoin Cash (BCH) Has Been Adopted By The Revolut Cryptocurrency Trading App

Today, May 24th, the UK-based digital banking platform Revolut introduced Ripple (XRP) and Bitcoin Cash (BCH) to its cryptocurrency trading platform via its App. This facility permits customers to convert their fiat currency into cryptocurrency, to leverage their investments with immediate exchanges between fiat, Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), and, from now on, Ripple (XRP) and Bitcoin Cash (BCH).

“We have been asking the Revolut community what cryptocurrencies they would like to see next and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming.”

Vlad Yatsenko, CTO of Revolut

Cryptocurrency is on track to be the primary banking asset of the future with the rising demands of its customers. Approximately 20 percent of the Revolut users have tried the company’s cryptocurrency facility by now. The company trades more than 100,000 Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH), on a daily basis.

Ripple (XRP) and Bitcoin Cash (BCH) have been added by Revolut on its cryptocurrency trading platform

The Revolut App is intended to definitively boost the number of clients with the recent implementation of Ripple (XRP) and Bitcoin Cash (BCH), two of the most appreciated and popular crypto coins of the moment.

The Revolut App, a cryptocurrency trading platform, is intended to definitively boost the number of clients with the recent implementation of Ripple (XRP) and Bitcoin Cash (BCH), two of the most appreciated and popular crypto coins of the moment. So by including more popular cryptocurrencies, businesses from the FinTech sector, such as Revolut, will become more reluctant to embrace the blockchain and tokens/coins linked to cryptocurrencies.

At the moment, Revolut has teamed up with Bitstamp, a Bitcoin (BTC) trading operator based in Luxembourg, in order to execute cryptocurrency transactions at a fee of only 1.5% out of the total amount of the transactions to be conducted.

At the moment of this article, Ripple (XRP) is traded at $0.62, increasing by 3.42%, while Bitcoin Cash (BCH) is traded at $1,029, recording a slight increase of 1.69%.

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Crypto News

Floating Island Project Build On A Self-Governed Community With Its Own “Varyon” Cryptocurrency

A cryptocurrency or crypto coin is a digital medium of exchange. The first cryptocurrency that began to operate was Bitcoin (BTC), in 2009, and since then many others with different characteristics and protocols have appeared such as Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and so on. Now, the French Polynesian government support the Floating Island Project which plans on implementing a community with its own government and “Varyon” cryptocurrency in Tahiti.

In the traditional crypto-verse, the security, integrity, and balance of the financial statements are guaranteed through a network of agents, miners, who verify (distrust) each other.

These agents are mostly the general public and actively protect the network (the blockchain) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is randomly distributed.

Floating Island Project – The first self-governing community with its own “Varyon” cryptocurrency

This is the Floating Island Project is a programme supported by the French Polynesian government and it consists of building 300 homes in the Tahiti region, on an island in the middle of the Pacific that would be regulated by its own government and cryptocurrency called “Varyon”, according to some sources.

Tahiti would have a government of its own but it would function as a mere service provider allowing the Floating Island Project community to be self-governing.

The project is funded by donations collected by the Seasteading Institute and Blue Frontiers, which sell tokens of the Varyon cryptocurrency via an ICO. The goal is to complete the island by 2022, a project that will cost about $50 million.

This is the first project of its type but those involved in it are very confident that in the future there will be hundreds of new self-governing countries floating in the Pacific running with the Varyon cryptocurrency, making it the ideal home for entrepreneurs.

Categories
Crypto

OpenNode Is A New Bitcoin (BTC) Cryptocurrency Payments App Based On Lightning Network

Just a couple of days ago, a Bitcoin (BTC)-based cryptocurrency payments app for commercial customers, OpenNode, has been released. Its main features rely on the use of the Lightning Network protocol, which can process transactions faster and more secure, via channels parallel to the main Bitcoin blockchain.

As stated on the app’s site, this payment processor concentrates on simplifying the customers’ connections with blockchain technology and cryptocurrencies, in order to increase cryptos acceptance by the business sector, therefore enhancing the digital assets’ adoption as a method of payments.

All our tools and features are built around the idea that using bitcoin should be easy and empowering for both merchants and customers. This means moving away from traditional models that create an entry barrier with high transaction fees and complicated technical integrations.

OpenNode

The platform deducts only up to 1% in fees compared to other cryptocurrency payment apps such as BitPay, which, according to OpenNode, deducts fees of between 1% and 2% and centralized fiat money alternatives such as PayPal or Square where goes as high as 3%.

OpenNode cryptocurrency payments application based on Lightning Network hasn’t been well-received by the Bitcoin (BTC) community

This cryptocurrency payment application has not been very well received by the Bitcoin (BTC) community, which has been very critic regarding some aspects of this new project.

Nicolas Dorier, a developer and CTO at Metaco, a cryptocurrencies market platform for the banking sector, explained on Twitter that, “in addition to mistakenly claiming to be the first payment processor of its kind, OpenNode appears to be a centralized, non-open source project.”

Also, one Reddit user complained that even though OpenNode states to be “open, honest, ethical, and genuine” with their customer as they are following Bitcoin (BTC) ideals, there is no data about the people behind the project.

Other users on Reddit also showed disappointment regarding the fact that the OpenNode platform keeps customers’ cryptos, even though the Lightning Network doesn’t require this.

Additionally, others think that projects like this one are needed during the initial adoption of cryptocurrencies. However, apparently, OpenNode is still in its beta phase so many might change before the final release.

Categories
Crypto Markets

Cryptocurrencies Market Dropped $37 Billion In Market Cap Since Yesterday – Why Is This Happening?

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The main cryptos on the cryptocurrencies market have experienced significant drops today, a trending followed by the rest of the crypto coins on the market.

Bitcoin (BTC) dropped significantly since yesterday and other coins have followed

The Bitcoin (BTC) seemed to be holding steady at between $9,000 and $10,000 in the past weeks, following a major downturn in the first several months of the year.

In the last few days, however, BTC price has declined to $8,000 and today it has experienced a larger decrease, trading at about $7,900 at this moment.

Other coins have followed this trending, therefore, Ethereum (ETH) dropped by 9.34%, Ripple (XRP) sheds about 7,80%, while the EOS (EOS) registered, at the moment of this article, the biggest drop among the top 10 cryptos, losing about 11%.

Cryptocurrencies market dropped about $37 billion in market cap since yesterday

In fact, since yesterday morning when the leading cryptocurrency of the market started to drop fast, as common, this trending was followed immediately by the rest of the crypto coins in the cryptocurrencies market, massively affecting the global cryptocurrencies market capitalization. During the past day, the total market cap of the cryptocurrencies market shed $12 billion, from $381.6 billion to $369.8 billion.

Today, the crypto market dropped even further reaching to $345 billion, thus, losing about $25 billion more, raising the total loss at $37 billion.

These shifts have no obvious reason, as has been the situation in recent weeks. Even though at the start of this year the massive drop in the value of all the cryptocurrencies has been attributed to the emergence of cryptocurrency regulations, there is currently no strong argument that can be considered to explain this decline, over and above the cash flows that are determined by the daily demand and supply.

The cryptocurrencies market often presents these fluctuations from one time to the next as a result of a spontaneous behavior of the investors.

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