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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

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Bitcoin transaction value sees 500% upswing in 4 months

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Bitcoin’s average transaction has now climbed to over $150,000, translating to a 500% jump since July

The average value of Bitcoin transactions was around $25,000 in July. The last few months have since seen this value skyrocket sixfold to $150,000. The average value peaked on October 20 with a yearly high of $151,800 per transfer. Overall, the increase in average Bitcoin transaction values stands at slightly over 500%.

BTC average transaction value history. Source: BitInfoCharts

Bitcoin had two momentary peaks before the October 20 high. The first on August 17, where the value peaked at almost $121,000 — before being surpassed exactly a month later by an average of almost $130,000.

The latest surge comes around the same time as when Bitcoin’s trading dominance is increasing to heights that have not been witnessed for the past three years when the crypto hit its all-time high.

It is worth noting that Bitcoin’s current average value at $151,800 is about 190 times greater than Ethereum’s.

The average value of ETH transactions has been relatively flat compared to Bitcoin. The value has remained between an extreme of $800 and $1,500. The only significant surge was in the last week of August and early September.

ETH average transaction value history. Source: BitInfoCharts

During this period, the average transaction value rose to a high of $2,562 on September 1 that hasn’t been surpassed as of writing. There was one brief spike on September 18 that saw the value surpass the $2,000 mark and settle at $2,100. The current average value of ETH transactions are $793.

The huge disparity between the average transaction value of Bitcoin and Ethereum indicates a stronger presence in BTC markets.

Bitcoin Cash’s average transaction value has spiked several times in the same period. The highest average recorded in the three months was on August 12 where the value rose to $28,544. The value surged again to $26,093 on September 3 marking the last time the value was above the $20,000 mark.

Both cryptocurrencies have had flat trends in terms of the number of transactions over the last three months.

BTC and ETH transaction history. Source: BitInfoCharts

The only notable swell was on September 17 where the number of Ethereum transactions rose to a peak of 1.406 million. Prior to this, the highest number of transactions within the three months was 1.29 million posted on August 10.

Source: https://coinjournal.net/news/bitcoin-transaction-value-sees-500-upswing-in-4-months/

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Indian crypto industry leaders push for a regulatory sandbox.

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Indian crypto industry leaders push for a regulatory sandbox. – Coinnounce



























India’s crypto exchange, BuyUcoin, and industry leaders have come together to propose a regulatory sandbox for cryptocurrency businesses in the country.

Crypto industry leaders in India have come together to push for a regulatory sandbox for crypto regulations in the country. The draft for the proposed sandbox demands a taxation framework for cryptocurrencies. The Supreme Court of India earlier this year overturned the central bank’s blanket ban on cryptocurrency. In collaboration with industry stakeholders, thought leaders, entrepreneurs, developers, and regulators, crypto exchange BuyUcoin introduced an open initiative that seeks to form a regulatory sandbox– a well-defined framework to regulate cryptocurrencies in the country. With the Supreme Court’s decision to overturn the crypto ban, startup jobs in India have increased in the crypto sector. 

The regulatory sandbox establishes clear ground rules for the crypto industry. 

The draft document titled “Regulatory Sandbox: The Key To Cryptocurrency Mass Adoption In India” establishes clear ground rules for the crypto industry. The regulatory sandbox could legitimize the industry and bring it under the general financial regulatory umbrella. The recent draft document recommends that crypto traders and investors declare their yearly crypto income under a separate provision than the Income Tax Act. The crypto exchange also introduced a whitepaper that prescribes open-source APIs to track crypto transactions and maintain a technical framework for AML and KYC compliance. 

Crypto regulations remain in a grey area in most countries. 

Crypto-related regulations in most countries remain in a grey area. However, some countries have embraced the tech and innovation behind crypto and have provided the industry with favorable regulations. South Korea earlier this year passed legislation making crypto trading legal in the country. Crypto regulations in the United States are also unclear in the most number of states. Earlier, US CFTC said that they are planning on making a ‘holistic framework’ for the crypto industry. Earlier, it was reported that Indian lawmakers are planning to ban the use of crypto entirely in the country. 

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Jai Pratap

Jai Pratap

A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.


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Source: https://coinnounce.com/indian-crypto-industry-leaders-push-for-a-regulatory-sandbox/

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Crypto.com Integrates PayID Offering 5M Users an Easy and Unique Way to Send & Receive Crypto

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[PRESS RELEASE]

HONG KONG, October 19, 2020 — Crypto.com today announced PayID, a universal payment identity developed by the Open Payments Coalition, is now available on the Crypto.com App.

Crypto.com’s 5M+ users can register for a PayID from the Crypto.com app, consolidating complex wallet addresses and accounts into a simple ID that works across any payment network and currency. Users who register for their unique PayID will get an exclusive Crypto.com-branded, easy-to-read ID — such as “yourname$payid.crypto.com — that enables users to send/receive crypto payments from other compatible wallets with just a single ID, easing their ability to connect to 100M+ crypto users worldwide.

cryptocom_PR

PayID solves a key pain point in the crypto payments world, which consists of many closed and complex networks. Participants must manage multiple long and random wallet addresses, increasing the likelihood of erroneous transactions. PayID creates a free, open and common protocol that allows for interoperability between any payment network or currency.

Starting today, Crypto.com is offering early access for select customers to register their unique Crypto.com PayID. To be eligible:

  • Stake 10,000 CRO or more in Crypto.com Exchange; or
  • Stake 10,000 CRO or more in Crypto.com App

On 2 November 2020 all Crypto.com App users can register their own Crypto.com PayID within the Crypto.com App.

Once registered, users can send crypto from other compatible wallets to the Crypto.com App with just their PayID, instead of a full-length crypto address. At launch, supported cryptocurrencies include CRO, ETH, BTC, XRP and many more ERC20 tokens. Users can also send crypto to other compatible wallets using PayID hosted by other members in the Open Payments Coalition.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).


Source: https://cryptopotato.com/crypto-com-integrates-payid-offering-5m-users-an-easy-and-unique-way-to-send-receive-crypto/

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