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Band Protocol Partners Frontier Wallet for Staking

Band Protocol has introduced a brand new partnership with the primary cell DeFi wallet, Frontier Wallet. This will permit them to combine the highest crypto asset wallets and supply higher staking companies. According to the announcement, crypto wallets reminiscent of Coinbase Wallet, Metamask, Trust Wallet, imToken, Portis, and Fortmatic, amongst a number of others, would […]

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Band Protocol has introduced a brand new partnership with the primary cell DeFi wallet, Frontier Wallet. This will permit them to combine the highest crypto asset wallets and supply higher staking companies.

According to the announcement, crypto wallets reminiscent of Coinbase Wallet, Metamask, Trust Wallet, imToken, Portis, and Fortmatic, amongst a number of others, would be capable of entry and retailer DeFi tokens. This transfer may even allow staking crypto belongings instantly from Frontier Wallet’s mobile-native interface.

With this partnership, customers get entry to BAND token simply on the Frontier Wallet cell app. Additionally, permitting customers to retailer and stake BAND tokens for BandChain’s validators instantly.

The press release famous that Frontier Wallet would additionally permit customers to trace and handle their belongings and positions in prime DeFi protocols. Enabling staking of BAND tokens from a single cell interface in a non-custodial means.

“This new feature is achieved by using TxLink, a middleware between DApps and mobile wallets for transaction signing. To remove platform dependencies and simplify multiple wallet address management and create a seamless user experience,” the assertion stated.

New options for Band Protocol neighborhood

Frontier Wallet will probably be supporting BandChain instantly from the mainnet launch on June 10, 2020. Also noting {that a} storage and staking information will probably be launched on the Frontier Blog shortly.

Soravis Srinawakoon, CEO and Co-Founder of Band Protocol, expressed his pleasure in direction of the brand new partnership noting it might favor the upcoming BandChain Mainnet Launch.

“This is essential for our community to securely access multiple wallet addresses to store and stake BAND while also having the full management and visibility to monitor validators, delegations, and rewards in a non-custodial manner,” he added.

Additionally, it was disclosed that the brand new partnership would supply the Band Protocol neighborhood new options fully freed from cost, which incorporates:

  • Manage a number of crypto wallets that may retailer BAND together with Frontier’s built-in wallet
  • Store BAND tokens alongside different prime crypto belongings available on the market
  • Stake and delegate BAND tokens to BandChain’s validators
  • Track staking positions, present rewards and implied annual yield charges

“Highly-secured cross-chain oracles like BandChain are exactly what’s needed to expand DeFi even further. And we couldn’t be more thrilled at Frontier Wallet to partner with Band Protocol. And support its holders, stakers, and community,” Ravindra Kumar, CEO and Founder of Frontier Wallet, stated.

About Band Protocol

Band Protocol is a cross-chain knowledge oracle platform that aggregates and connects real-world knowledge and APIs to smart contracts. It is backed by Sequoia Capital, amongst different safe networks.

The protocol not too long ago partnered with Cosmostation and Wanchain to function its genesis validator. And play an important function within the adoption of blockchain.

Notably, blockchains are nice at everlasting storage and deterministic, verifiable computations. However, they can not securely entry knowledge accessible outdoors the blockchain networks.

Band Protocol allows smart contract functions reminiscent of DeFi, prediction markets. And video games to be constructed on-chain with out counting on the one level of failure of a centralized oracle.

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I Disagree With Armostrong: Ripple CEO on Coinbase Apolitical Policy

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Ripple CEO Brad Garlinghouse is the latest popular individual to criticize the apolitical approach recently taken by the cryptocurrency exchange Coinbase. Just the opposite, Ripple has offered employees paid time off to vote and volunteer in the upcoming US Presidential elections.

Ripple CEO Disagrees With Coinbase CEO

Brian Armstrong, the Chief Executive Officer of the veteran US-based digital asset platform Coinbase, raised lots of controversies recently after a blog post. He argued that his company should remain laser-focused on its mission to ascend as a cryptocurrency exchange and its employees need to avert from any political discussions or endeavors.

This so-called “apolitical” approach received reactions from people within and outside of the cryptocurrency space. Most, such as Twitter’s CEO Jack Dorsey, criticized Armstrong’s actions.

The latest to join the “I don’t agree with Armstrong bandwagon” is Brad Garlinghouse – the CEO of the payment protocol Ripple. He asserted that technology companies have the “obligation” to assist with solving social issues.

“We think about our mission as enabling an internet of value, but we seek positive outcomes for society. I think tech companies have an opportunity – but actually an obligation – to lean into being part of the solution.”

Ripple CEO Brad Garlinghouse. Source: Fortune
Ripple CEO Brad Garlinghouse. Source: Fortune

He called some of these social problems “exacerbated” by the tech sectors. As such, Ripple has decided to take the precisely opposite approach. The Silicon Valley-based company will offer its employees paid time off to volunteer and vote in the upcoming US Presidential elections.

It’s worth noting that Coinbase has seen at least 5% of its staff leaving following Armstrong’s apolitical urge. The exchange offered “generous exit packages” to all that disagreed with its politics.

Garlinghouse On The Ongoing YouTube Legal Battle

As CryptoPotato reported in April, Ripple filed a lawsuit against the most widely used video-sharing platform – YouTube. Ripple claimed that the Google-owned giant hadn’t done enough to fight the growing number of fake giveaways impersonating company executives and duping thousands and thousands of dollars from victims.

During the CNBC interview, Garlinghouse used the opportunity to criticize YouTube and its lack of appropriate actions once more. He doubled-down that Ripple doesn’t do such giveaways, and people need to be extremely cautious when they see one, even if it’s on a trusted platform.

“We didn’t need to do that [giveaways]; it doesn’t help Ripple. But what it highlights is that platforms need to take ownership of the problems they are contributing to.”

Featured Image Courtesy of VOX

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Source: https://cryptopotato.com/i-disagree-with-armostrong-ripple-ceo-on-coinbase-apolitical-policy/

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The PayPal Effect: Billionaire Chamath Palihapitiya And Libra’s Chief Believe Banks Will Support Bitcoin

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PayPal’s decision to enable its users to interact with cryptocurrencies directly on its platform continues to attract popular individuals’ attention. The latest to acknowledge the significance of this move were the Head of Facebook Financial, David Marcus, and Social Capital CEO Chamath Palihapitiya.

Banks Will Follow PayPal, Says Marcus

Arguably the most significant piece of news recently came last week when the giant online payment processor PayPal announced it will soon enable its US-based customer to purchase, sell, and store several cryptocurrencies, including Bitcoin and Ethereum. Clients based outside the US will have this option available next year.

Apart from the immediate price reaction the news had on the cryptocurrency market, the community also accepted the announcement as a significantly bullish development.

In fact, most believe that this is just the beginning, and more centralized and trusted establishments, such as banks, will follow suit. Co-creator and board member of Facebook’s future cryptocurrency Libra, David Marcus, also weighed in on the news.

He asserted that the cryptocurrency industry is “turning a corner” as banks will pursue Bitcoin and stablecoins support.

Bitcoin Is No Longer Optional

Another famous individual to comment on the PayPal developments was the Social Capital CEO and former Facebook executive, Chamath Palihapitiya.

Being also a vocal supporter of Bitcoin, Palihapitiya, similarly to Marcus, highlighted that “every major bank is having a meeting about how to support Bitcoin. It’s no longer optional…”

Palihapitiya recently said that his first BTC purchase came at the start of the previous decade. He bought one million bitcoins for $80. Later on, he outlined the primary cryptocurrency as his best investment bet.

Social Capital’s CEO has also urged the public numerous times to allocate at least 1% of their investment portfolio in Bitcoin. He said that having such allocation helps him sleep “soundly at night.”

He also advised that people should avert from short-term price actions. Instead, he focuses on the long-term, knowing that Bitcoin’s fundamentally different attributes will protect him against the falling current financial infrastructure.

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Source: https://cryptopotato.com/the-paypal-effect-billionaire-chamath-palihapitiya-and-libras-chief-believe-banks-will-support-bitcoin/

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BTC Price Analysis: Bitcoin Weakens As Wall Street In Deep Red, Is $14K Target Intact?

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Bitcoin’s price remains stuck under the key 0.618 Fibonacci level at $13,360 going into this week after little bullish momentum arrived during the opening of the US traditional markets. Wall Street, meanwhile, is painted in red.

Over shorter timeframes, it’s clear that the general sentiment is still bullish as the leading asset continues to print higher lows. However, trading volumes are beginning to decline, and there’s a growing divergence between the RSI and price action, which suggests things may turn bearish soon.

Since the Paypal news broke on October 21, over $33 billion has flooded back into the crypto space and helped the leading asset’s market dominance break back over 61% for the first time since August 2, 2020.

Price Levels to Watch in the Short-term

On the weekly BTC/USD chart, we can see that the main resistance area (red shaded zone) standing in the way of Bitcoin right now is the aforementioned Fibonacci level and the June 24, 2019 high at $13,950.

This top price point also overlaps with the upper resistance of the broadening wedge pattern (yellow lines) that BTC has been tracking inside of since April 27, which makes it a particularly strong level for bulls to overcome.

If momentum picks up again, however, and bulls manage to set a new 490+-day high, then the next likely areas of resistance will probably lie somewhere around the psychological $14K mark, the $14,400 level, and $14,600.

If the strong bearish divergence on the 4-hour timeframe plays out (light blue lines), we should expect the first area of support at the 50 EMA at $12,600, followed by the first major support zone (green shaded area) between $12,300 and $11,950. Under that, we also have the 0.5 Fibonacci level at $11,400 and the support line of the broadening wedge pattern approximately around $11K to catch any dips if prices decline further.

Total market capital: $401 billion
Bitcoin market capital: $243 billion
Bitcoin dominance: 60.5%

*Data by Coingecko.

Bitstamp BTC/USD Weekly Chart

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BTC/USD chart via Tradingview.

Bitstamp BTC/USD 4-Hour Chart

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BTC/USD chart via Tradingview.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/btc-price-analysis-bitcoin-weakens-as-wall-street-in-deep-red-is-14k-target-intact/

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