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BPSAA | Blockchain Privacy, Security & Adoption Alliance

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BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

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Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

Blockchain

TitanSwap is Awarded the Most Noteworthy DEX of 2020, Will the Value of TITAN Rocket to the Moon?

On October 25, the 2020 blockchain annual ceremony and the “Star Power” award ceremony organized by Bolian Finance, a famous blockchain media, was held in the Bund of Shanghai. Over 500 blockchain industry leaders participated in the activity and conducted hot discussion and in-depth dialogue. On October 25, 2019, Bolian Finance held the first Global […]

The post TitanSwap is Awarded the Most Noteworthy DEX of 2020, Will the Value of TITAN Rocket to the Moon? appeared first on BeInCrypto.

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On October 25, the 2020 blockchain annual ceremony and the “Star Power” award ceremony organized by Bolian Finance, a famous blockchain media, was held in the Bund of Shanghai. Over 500 blockchain industry leaders participated in the activity and conducted hot discussion and in-depth dialogue.

On October 25, 2019, Bolian Finance held the first Global Blockchain Fashion Night | Shanghai Cruise Dinner and “Star Power” blockchain annual awards ceremony on the Bund Luxury Cruises in Shanghai successfully. Following the success, this year’s event catches a lot attention, with the focus on various hot topics such as encrypted assets and trading, derivatives (contracts, futures, options), DeFi (DEX, liquidity mining) and so on.

At the ceremony, the 2020 “Star Power” Festival Organizing Committee reviewed the blockchain industry in 2020 and gave out multiple awards. Many new DeFi projects were mentioned, and among them, the project TitanSwap, which was awarded the Most Noteworthy DEX of 2020, was really eye-catching. This award is undoubtedly a high recognition of the project, and also fully proves that TitanSwap has great potential for future development.

TitanTitan

Titanswap is a liquidity mining DEX that supports multi-chain asset swapping and is dedicated to providing users with lower slippage, faster trading speed, more comprehensive trading data. richer order type and cross-chain asset swaps without losing any of the features of DEX.

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TitanTitan

TitanSwap is establishing the liquidity pool, Titan pool, and will adopt Titan Smart Route to realize the intelligent routing of orders across the chain and use Titan layer2 support as an optional scheme to improve the clearing and settlement efficiency on the chain and effectively reduce gas consumption. At the same time, TitanSwap will hold the on-chain orderbook mode. Titan automated order enriches the order types under the existing AMM mechanism and aggregates it through Titan orderbook aggregator, so as to further improve the user experience in the unmanaged and decentralized mode.

This series of innovation has attracted many users to TitanSwap, making the project stand out in the fierce competition and becomes the most noteworthy DEX platform.

Recently, Titan, the token of Titan swap, has gained gratifying growth. The current price is about $0.60, nearly tripled. With the support of the 2020 “star power” award and TitanSwap’s continuous innovation, the future of the project the value of Titan is promising.

Source: https://beincrypto.com/titanswap-is-awarded-the-most-noteworthy-dex-of-2020-will-the-value-of-titan-rocket-to-the-moon/

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5 Reasons For Bitcoin’s Price Surge To New 15-Month High

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At the beginning of October, Bitcoin’s price was particularly indecisive and trading slightly above $10,000, causing many to believe that the unfilled CME gap down at $9,600 would soon be closed.

Fast forward to the current date, October 27th, BTC is trading at $13,400, having just marked a fresh high for 2020. The cryptocurrency added around $3,000 to its value, representing an increase of around 30%.

With this said, this month was also quite eventful. Many things happened, and, as such, let’s have a look at five possible reasons that could have led to this substantial price increase.

PayPal Announcing Support for Bitcoin, Bitcoin Cash, Litecoin, and Ethereum

Undoubtedly, the most important piece of news that came out this month was PayPal announcing support for cryptocurrencies.

Now, PayPal is the world’s largest online payment processor. Data from Statista shows that for the second quarter of 2020, the company has processed over $221 billion. Moreover, the company has a network of over 26 million vendors, and it plans to enable users to spend their BTC at all of them, starting in early 2021.

Additionally, it’s worth noting that PayPal is a widely-accepted payment method, and most of the banks allow transfers from and to the platform. On the contrary, not a lot of banks support Bitcoin transactions, meaning that they would either have to reconsider their policy, or they would have to drop PayPal as a client altogether.

At this point, it’s unclear how this will be resolved, but it’s exciting to see how the situation develops. If one thing is certain, though, it would put Bitcoin and other cryptos at the forefront of an important discussion.

Major Banks Starting to Change Their Attitude Toward Bitcoin

There’s no clearer example here than JP Morgan – one of the world’s largest multinational investment banks.

The relationship between the bank’s CEO, Jamie Dimon, and Bitcoin is one worth following. In 2017, the high-ranked executive said that BTC is afraid and that if he saw any of his traders dealing with it, he would “fire them in a second.”

Well, fast forward a few years, and now the bank is posting bullish predictions on that very same cryptocurrency that Dimon labeled a fraud.

Just a few days ago, JP Morgan said that even a modest switch in capital from gold to Bitcoin could see its price triple.

Number of Publicly-Listed Companies Which Buy Bitcoin Increases

Perhaps as a direct consequence of the above, we can already see an increased involvement from publicly-listed companies.

The biggest buyer who put Bitcoin on its balance sheet became MicroStrategy, with its massive $425 million investment. Its CEO, Micael Saylor, has been particularly vocal about BTC’s merits.

Jack Dorsey’s Square also jumped on the bandwagon, purchasing $50 million worth of Bitcoin earlier this month.

Below is a list of all the publicly-listed companies and their holdings in BTC.

public_companies

Publicly-listed companies putting BTC on their balance sheet is a huge deal for the nascent cryptocurrency, and industry experts have it that this effect will only snowball.

Singapore’s Biggest Bank Reportedly Launches a Bitcoin Exchange

As CryptoPotato reported just today, DBS Bank, a Singaporean multinational banking and financial services corporation and the city-state’s largest bank, has reportedly launched an exchange that offers fiat-to-cryptocurrency trading pairs.

Purportedly, the new exchange would support the “top digital currencies in circulation,” namely Bitcoin, Bitcoin Cash, Ethereum, and Ripple’s XRP. Traders would be able to exchange them against SGD, HKD, JPY, and USD.

More interestingly, the exchange would supposedly only accept financial institutions and professional market makers, as its users. The venue would be regulated by the Monetary Authority of Singapore, which is also its de-facto central bank.

Needless to say, a central bank-backed and regulated exchange aimed at institutional investors should, in theory, facilitate the involvement of larger players in the field.

Uncertainty Around the Upcoming 2020 US Presidential Elections

Undoubtedly one of the most important moments for the global macroeconomic outlook is the upcoming US Presidential Elections, set to take place on November 3rd.

CryptoPotato did a survey, and it turned out that the elections are the biggest concern for Bitcoin investors in 2020.

cryptopotato_survey_btc

It is, perhaps, no surprise that billionaire Paul Tudor Jones III came up with a statement, saying that he likes “Bitcoin even more now than then [when he bought BTC in May].” He also said that it’s going to be the best inflation trade.

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Source: https://cryptopotato.com/5-reasons-for-bitcoins-price-surge-to-new-15-month-high/

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SEC Director Who Said Ethereum is Not a Security Leaving the Watchdog

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William Hinman, a director of the U.S. Securities and Exchange Commission (SEC) known for his statements in favor of greater clarity for the crypto ecosystem and other ICOs and fintech, announced his intentions to leave his post in the upcoming months.

Since 2017, Hinman has served as a director of the SEC’s Division of Corporation Finance, an office responsible for giving investors material information to help them come with good financial decisions. His office also provides interpretative assistance to companies with respect to SEC rules. It also makes recommendations to the Commission in different regulatory areas.

William Hinman Paved The Way for a Better Crypto / Fintech Ecosystem

In addition, Hinman participated in creating the SEC’s Strategic Hub for Innovation and Financial Technology, better known as the FinHUB, a program aimed at promoting fintech developments in the country, offering advice on regulatory matters and clarifying somewhat confusing criteria regarding digital assets.

This is Hinman’s best-known area of work when it comes to the world of cryptocurrency. In the heat of conflicting opinions within the SEC on blockchain technologies and cryptocurrency ETFs and ICOs, Hinman gave Ethereum a thumbs up, declaring that, in his view, it was not a security.

William Hinman during his speech at Yahoo! Finance Crypto Summit. Image: Yahoo
William Hinman during his speech at Yahoo! Finance Crypto Summit. Image: Yahoo

For Hinman, Ethereum’s decentralization made it incompatible with the Howey Test’s requirements —a longstanding test used by regulators and the United States justice system to determine whether or not a particular offer constitutes a security.

During his famous speech “Digital Asset Transactions: When Howey Met Gary,” Hinman explained that Ethereum and Bitcoin could not be securities, even though Ethereum went through a funding round. Decentralization was the key:

“Putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions. And, as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in Ether would seem to add little value.

The Need For Clarity Remains

So far, it remains unclear what the minimum decentralization level is for a project not to be considered a security. Regulatory uncertainty remains a conversational topic to the point that several projects – like Ripple – have considered moving outside the United States in search of greater regulatory clarity.

The SEC has been key for many drawbacks in the crypto industry. The rejection of every single Bitcoin ETF, the halts of major projects like Facebook’s Libra, the Telegram Open Network and KIK’s token KIN are one of the most important blows received by the crypto ecosystem.

The official SEC press release does not elaborate on the reasons behind the resignation. William Hinman thanked Commissioner Jay Clayton and his team for their “professionalism, expertise, and commitment to public service.”

When William Hinman effectively leaves his post, Shelley Parratt, who serves as the deputy director of Hinman’s corporation finance division, will temporarily replace him.

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Source: https://cryptopotato.com/sec-director-who-said-ethereum-is-not-a-security-leaving-the-watchdog/

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