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Dash to Increase Adoption With New Payments Partner The success of a cryptocurrency will largely depend on how many people use it for its intended purpose, which for most is digital money. Dash has recently announced a partnership with a global payments provider that will increase its usage and adoption. The partnership with ePaymints will accelerate the implementation of Dash in high chargeback and cash based industries according to the announcement. Chargeback is a big industry and it generally refers to a demand by a credit-card provider for a retailer to make good the loss on a fraudulent or disputed transaction. The company claims to have helped clients win back 65 to 92 percent of chargeback disputes. Sacramento, California based ePaymints touts itself as a specialist in finance and a “global merchant account, gateway provider, and technology company, with an arsenal of solutions, which redefine traditional payment processing.” Announcing our new partnership with @e_paymints, a leading global merchant account and payment gateway company. Together we’re solving for current #painpoints with ePaymints’ clients in high chargeback industries. #payments #cryptocurrency #crypto https://t.co/fqj5yIlRmh pic.twitter.com/VgRLVGhdVH — DASH (@Dashpay) November 28, 2018 Global Head of Business Development at Dash Core Group, Bradley Zastrow, said; “Cash based and high chargeback industries pay much higher credit card fees on average, and that’s when they are lucky enough to get credit card acceptance – often that’s not an option. This is an obvious use case for Dash, and we’re proud to be recognized by ePaymints as the leading cryptocurrency positioned to solve these payment problems. Already, there are client integration consultations under way and together, we look forward to expanding the Dash ecosystem.” ePaymints has a substantial global network with payment processing for 195 countries, 135 currencies and 47 partner banks, according to their website. One of the key services includes making payment acceptance transparent while protecting the card holder’s data. Chief executive Jodi Durst added; “We’re no strangers to payments processing technologies, having worked with almost every merchant solution you can name in our years of service. Merchant adoption of cryptocurrencies around the world is already growing at a rapid rate, and Dash has been a huge part of that trend. It’s an exciting opportunity to be partnering with Dash to help provide our merchant customers with the cryptocurrency industry’s premier payments solution.” Dash did not really react to the announcement in terms of market prices. It has rallied with the rest of the altcoins over the past two days adding 20% since Tuesday but has pulled back a little since then. Its lowest level for the year came last Sunday when it dropped to $84. Dash remains just below $100 at the time of press and has not posted any further gains on the day. The post Dash to Increase Adoption With New Payments Partner appeared first on Ethereum World News.

Malaysia Set to Enforce Cryptocurrency Regulations in Q1 2019, Says Finance Minister Malaysia’s Finance Minister announced that the country would enforce regulations for cryptocurrency exchanges and ICOs in the Q1 2019. Cryptocurrency Regulations to Come in Q1 2019 According to The Star Online, Lim Guan Eng, Malaysia’s Finance Minister, revealed that regulations guiding virtual currency exchanges and initial coin offerings (ICO) would be implemented in the first quarter of 2019. Speaking at the Fintech Conference 2018 organized by the Securities Commission (SC), Guan Eng stated that the regulations are part of the SC’s efforts to expedite other means of fundraising and investment in a new asset. The Finance Minister also said some groups were undoubtedly skeptical of the virtual currency industry. However, it was necessary to lay down regulations for virtual currency exchanges and ICOs and enforce them, to protect investors. Furthermore, Guan Eng stated that Malaysia’s central bank, the Bank Negara Malaysia and the SC formulated the regulatory framework. The Malaysian official further said: Both Bank Negara and the SC, in terms of formulating this framework will be under the auspices of the Finance Ministry. The Finance Ministry will lead the committee comprising of Bank Negara, the SC, and the MOF itself. Guan Eng additionally stated that the introduction of the regulatory framework shows the government’s commitment to providing other sources of funds beyond the traditional method. The government has gone further to introduce the Co-investment Fund (CIF) which works with equity crowdfunding and P2P platforms. The CIF would produce funds worth RM50 mil, to add to funds from private investors. With this, promising MSMEs receive adequate funding for their businesses, who would, in turn, be accountable and transparent with funds. Furthermore, if the CIF would work towards being self-sufficient. With this in place, the government would not need to provide funds in the future, thereby easing its financial load. Asian Countries Release Regulatory Rules for Cryptocurrency Exchanges While some countries in Asia have an adverse stance on cryptocurrency, some others adopt virtual currency because of its inherent potential. However, due to the high level of hacks and security issues plaguing the industry, some countries formulate regulations primarily to combat money laundering and protect investors. Japan is a classic example of a country which embraces the virtual currency industry and has taken steps to regulate it. Following the Coincheck hack of January 2018, the FSA tightened its regulatory noose on cryptocurrency exchanges and made registration stricter, to protect customers. Philippines’ Cagayan Economic Zone Authority (CEZA) drafted regulatory rules for digital currency exchanges. Furthermore, the regulatory body announced it was offering licenses to twenty-five cryptocurrency exchanges. In South Korea, however, a ban on ICos and anonymous cryptocurrency is still in place. However, the country announced it would decide on cryptocurrency ICO legalization or not, in November 2018. India recently stated that it would release the long-awaited regulatory draft on virtual currency in December 2018. Image courtesy of The post Malaysia Set to Enforce Cryptocurrency Regulations in Q1 2019, Says Finance Minister appeared first on Ethereum World News.

Bitcoin (BTC) Falters At $4,300, Crypto Analysts Await Breakout Bitcoin Stabilizes Under $4,300 After a monumental rebound early this week, which sent Bitcoin (BTC) above $4,300 after weeks of dismal selling pressure, while altcoins followed close behind, the cryptocurrency market at large has found a sense of stability. As the time of writing, the aggregate value of all crypto assets amounts to $138.5 billion, backed by a respectable $17.3 billion in trading (past 24 hours). BTC, which has become the focus of mainstream financial media in recent weeks, sits at a casual $4,290, failing to surmount and maintain a position above $4,300. However, the asset has still posted a gain of 2.75% in the past day, while failing to show any signs of foraying below $4,000 for the umpteenth time in weeks. XRP, the native asset of the Ripple ecosystem, is up a mere 0.17%, finding itself slightly above $0.380 a pop. Ethereum (ETH) has seen a slight gain, posting a 1% move higher to situate itself just under the $120 level of supposed resistance. From a holistic perspective, the rest of the cryptocurrency market has undergone a similar move, posting slight single-percent gains as BTC stagnates above $4,200. However, as normal, there have been a few notable outliers. ZCash (ZEC), for example, is up a hefty 11.11%, as news broke that the popular privacy-centric asset was going to be added to Coinbase Pro, the exchange’s professional platform. Following ZEC’s addition on Coinbase, Stellar Lumens (XLM) saw its own mini bull run, now up 7.7% in the past day as investors anticipate its eventual listing on the aforementioned exchange. Bullish Breakout Has Yet To Come, Bitcoin And Altcoins May Continue To Suffer  While bitcoin stabilizing above $4,200, an assumed line of support, is evidently a bullish sign, many aren’t convinced that BTC’s in the clear, or not yet anyway. Fred Wilson, a well-respected venture capitalist who thrived through the Dotcom Boom and Bust, recently took to his world-renowned personal blog to define bear markets for emerging industries. Referencing his multiple decades of experience in nascent markets, Wilson noted that while the recent performance of crypto assets is “cringe” inducing, investors would be remiss not to step back and breathe in some fresh air. Utilizing the age-old comparison that relates the early-stage Internet and current crypto ecosystem, the New York City native expressed that during the Dotcom Boom, Amazon (AMAZ) fell from a high at $90 to $6 in months, a jaw-dropping decline of 93%. Expressing this statistic’s relation to cryptocurrency markets, Wilson wrote: “But for those of us who were investing in tech and tech startups back in 1999-2002, that time will forever be etched in our minds. It was a brutal period during which our belief in the Internet and its potential was sorely tested.” And although he seemed hesitant to express the following sentiment, the prominent investor added that keeping AMAZ’s dismal historical drawdown in mind, Bitcoin under $4,000 could only be a precursor to lower lows. Michael Bucella echoed this claim on CNBC Fast Money. The BlockTower Capital Partner told Fast Money’s panel that crypto’s recent liquidity dry spell, along with the presence of market volatility, can indicate that Bitcoin isn’t finished the end of its “distress cycle” yet, but is darn nearing it. The former Goldman Sachs Canada executive, referencing Bitcoin’s historical price action, went on to point out that the last leg of crypto bear markets are normally the most volatile, yet short-lived. And while he was reluctant to forecast the level that Bitcoin will bottom at, Bucella explained that when the digital asset bottoms, whether it be at $2,000, $3,000, or otherwise, viable buying opportunities will be scant. Still, there’s evidently a silver lining, as Wilson concluded his aforementioned blog post on a metaphorical high note. The long-time tech entrepreneur wrote: “I think some crypto asset (and possibly a number of crypto assets) will have a price chart like Amazon’s current one in 18 years. But we will have to do what Amazon did, hunker down and build value and survive, for quite a while to get there. And I think things will get worse before they get better.” Bucella also echoed this optimism, noting that the “smartest money is [still] moving in,” and Bitcoin remains a bargain, even if it has yet to find its true long-term bottom. Title Image Courtesy of Icons8 Team Via Unsplash The post Bitcoin (BTC) Falters At $4,300, Crypto Analysts Await Breakout appeared first on Ethereum World News.