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Cryptonaut Is an Easy to Use Portfolio Management App
Closely following market movements and price fluctuations is something every trader and investor in the crypto space must do in order to take advantage of opportunities and avoid losses. Cryptonaut is a portfolio management app that allows you to track your holdings in multiple cryptocurrencies.
Also read: New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Application Tracks Thousands of Coins and Tokens
The Cryptonaut mobile app, available for both Android and iOS devices, has gathered positive reviews thanks to its intuitive interface and smooth performance. It lets you add virtually any coin or token you can think of and track the value of your crypto holdings in a number of fiat currencies, including major ones such as the U.S. dollar, the euro, and the British pound, but also Indian rupee, Russian ruble, and Turkish lira among others. Price charts for different time periods – hour, day, week, month, and year – can be displayed in BTC and ETH as well.
The option to set price alerts for the digital assets crypto traders are interested in is other useful feature. Each time the price of a particular coin moves above or below a preset level, the app sends a push notification that allows investors to adapt their trading strategy. They can also use the application to calculate the return on their cryptocurrency investments.
Cryptonaut is quite flexible in terms of registration requirements. Once the app is downloaded and installed, users are prompted to create a new account and log in or opt for a more private experience. They can either link an exchange account or simply input their portfolio data manually to protect their information. Accounts can be deleted from the Settings menu at any time.
Another positive to the portfolio management app is its availability in multiple languages. Cryptonaut has English, Spanish, Mandarin, Japanese, Korean, Russian, Portuguese and other versions.
Are you using a mobile app to track your crypto holdings? Let us know in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Cryptonaut.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Cryptonaut Is an Easy to Use Portfolio Management App appeared first on Bitcoin News.
Cryptonaut Is an Easy to Use Portfolio Management App
Closely following market movements and price fluctuations is something every trader and investor in the crypto space must do in order to take advantage of opportunities and avoid losses. Cryptonaut is a portfolio management app that allows you to track your holdings in multiple cryptocurrencies.
Also read: New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Application Tracks Thousands of Coins and Tokens
The Cryptonaut mobile app, available for both Android and iOS devices, has gathered positive reviews thanks to its intuitive interface and smooth performance. It lets you add virtually any coin or token you can think of and track the value of your crypto holdings in a number of fiat currencies, including major ones such as the U.S. dollar, the euro, and the British pound, but also Indian rupee, Russian ruble, and Turkish lira among others. Price charts for different time periods – hour, day, week, month, and year – can be displayed in BTC and ETH as well.
The option to set price alerts for the digital assets crypto traders are interested in is other useful feature. Each time the price of a particular coin moves above or below a preset level, the app sends a push notification that allows investors to adapt their trading strategy. They can also use the application to calculate the return on their cryptocurrency investments.
Cryptonaut is quite flexible in terms of registration requirements. Once the app is downloaded and installed, users are prompted to create a new account and log in or opt for a more private experience. They can either link an exchange account or simply input their portfolio data manually to protect their information. Accounts can be deleted from the Settings menu at any time.
Another positive to the portfolio management app is its availability in multiple languages. Cryptonaut has English, Spanish, Mandarin, Japanese, Korean, Russian, Portuguese and other versions.
Are you using a mobile app to track your crypto holdings? Let us know in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Cryptonaut.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Cryptonaut Is an Easy to Use Portfolio Management App appeared first on Bitcoin News.
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Cryptonaut Is an Easy to Use Portfolio Management App
Closely following market movements and price fluctuations is something every trader and investor in the crypto space must do in order to take advantage of opportunities and avoid losses. Cryptonaut is a portfolio management app that allows you to track your holdings in multiple cryptocurrencies.
Also read: New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Application Tracks Thousands of Coins and Tokens
The Cryptonaut mobile app, available for both Android and iOS devices, has gathered positive reviews thanks to its intuitive interface and smooth performance. It lets you add virtually any coin or token you can think of and track the value of your crypto holdings in a number of fiat currencies, including major ones such as the U.S. dollar, the euro, and the British pound, but also Indian rupee, Russian ruble, and Turkish lira among others. Price charts for different time periods – hour, day, week, month, and year – can be displayed in BTC and ETH as well.
The option to set price alerts for the digital assets crypto traders are interested in is other useful feature. Each time the price of a particular coin moves above or below a preset level, the app sends a push notification that allows investors to adapt their trading strategy. They can also use the application to calculate the return on their cryptocurrency investments.
Cryptonaut is quite flexible in terms of registration requirements. Once the app is downloaded and installed, users are prompted to create a new account and log in or opt for a more private experience. They can either link an exchange account or simply input their portfolio data manually to protect their information. Accounts can be deleted from the Settings menu at any time.
Another positive to the portfolio management app is its availability in multiple languages. Cryptonaut has English, Spanish, Mandarin, Japanese, Korean, Russian, Portuguese and other versions.
Are you using a mobile app to track your crypto holdings? Let us know in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Cryptonaut.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Cryptonaut Is an Easy to Use Portfolio Management App appeared first on Bitcoin News.
Cryptonaut Is an Easy to Use Portfolio Management App
Closely following market movements and price fluctuations is something every trader and investor in the crypto space must do in order to take advantage of opportunities and avoid losses. Cryptonaut is a portfolio management app that allows you to track your holdings in multiple cryptocurrencies.
Also read: New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Application Tracks Thousands of Coins and Tokens
The Cryptonaut mobile app, available for both Android and iOS devices, has gathered positive reviews thanks to its intuitive interface and smooth performance. It lets you add virtually any coin or token you can think of and track the value of your crypto holdings in a number of fiat currencies, including major ones such as the U.S. dollar, the euro, and the British pound, but also Indian rupee, Russian ruble, and Turkish lira among others. Price charts for different time periods – hour, day, week, month, and year – can be displayed in BTC and ETH as well.
The option to set price alerts for the digital assets crypto traders are interested in is other useful feature. Each time the price of a particular coin moves above or below a preset level, the app sends a push notification that allows investors to adapt their trading strategy. They can also use the application to calculate the return on their cryptocurrency investments.
Cryptonaut is quite flexible in terms of registration requirements. Once the app is downloaded and installed, users are prompted to create a new account and log in or opt for a more private experience. They can either link an exchange account or simply input their portfolio data manually to protect their information. Accounts can be deleted from the Settings menu at any time.
Another positive to the portfolio management app is its availability in multiple languages. Cryptonaut has English, Spanish, Mandarin, Japanese, Korean, Russian, Portuguese and other versions.
Are you using a mobile app to track your crypto holdings? Let us know in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Cryptonaut.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Cryptonaut Is an Easy to Use Portfolio Management App appeared first on Bitcoin News.
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U.S SEC Suspends Verdict on Bitcoin ETF Proposals to May 16 The whole cryptocurrency community was expecting for the US Securities and Exchange Commission (SEC) decision on Bitwise Bitcoin exchange-traded fund on April 1, 2019, the Commission has once again turned around and suspended the event to May 16.
U.S SEC Suspends Verdict on Bitcoin ETF Proposals to May 16 The whole cryptocurrency community was expecting for the US Securities and Exchange Commission (SEC) decision on Bitwise Bitcoin exchange-traded fund on April 1, 2019, the Commission has once again turned around and suspended the event to May 16.
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Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down
The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them.
Also read: Indian Supreme Court Set to Hear Crypto Case on March 29
Coindelta Shuts Down
Indian crypto exchange Coindelta announced its service termination on Saturday. The exchange wrote, “we will no longer be able to provide exchange services for cryptocurrencies,” elaborating:
The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services. There has not been any significant progress in the supreme court case which makes it difficult to predict when we will see the regulation.
The central bank, the Reserve Bank of India (RBI), issued a circular in April last year banning banks from providing services to crypto businesses including exchanges. The ban went into effect in July and banks closed the accounts of crypto exchanges at that time.
The banking restriction has put many crypto businesses in limbo. Zebpay, formerly one of the largest crypto exchanges in India, was forced to close down its exchange operations in the country in September last year.
A number of industry participants have filed writ petitions against the ban which the supreme court originally scheduled to hear in September last year. However, the case has repeatedly been postponed. During the most recent hearing which took place on Friday, the court adjourned without addressing the ban until at least July.
Expensive to Run an Exchange
The team at Coindelta, an 18-month-old exchange, explained that “Running the exchange is very expensive in such [an] unfavourable environment.” Noting that “We have been operating at a minimal trade fee, bearing all the costs ourselves ensuring that your trading experience remains unaffected in the current unregulated environment,” the team admitted:
It has been really difficult for us to operate Coindelta exchange for the last 6 months … Economically, it’s no longer viable to continue with the exchange.
According to Saturday’s announcement, Coindelta’s exchange services were suspended and all open orders canceled in all markets at 2:00 p.m. (Indian time) on March 30. However, the wallet services will continue until April 29.
Customers Forced to Withdraw Funds at High Fees
Coindelta has requested that its customers withdraw all their funds within 30 days of the suspension, after which all requests must be submitted to support. “There will be a fixed fee applicable on all the withdrawals,” the exchange warned.
According to the Indian crypto community, these fees are high compared to what other exchanges are charging. For example, “they increased the XRP withdrawal fees to 10 XRP,” Coindcx CEO Sumit Gupta told news.Bitcoin.com, emphasizing that this fee is “a lot” since his exchange charges 0.01 XRP for withdrawals. Coindelta’s BTC withdrawal fee is 0.002 BTC, worth about $8.19 at the time of writing.
Nischal Shetty, CEO of crypto exchange Wazirx, tweeted that he “Got many messages that withdrawal fees from Coindelta have been increased,” adding that his exchange is offering Coindelta’s users 100 percent refund of withdrawal fees if they switch to Wazirx.
Another Indian exchange, Bitbns, has made a similar offer. “We are waiving off/refunding any fee incurred while depositing funds to Bitbns from any other cryptocurrency exchange across the world. This means you can now transfer your funds from any crypto exchange to Bitbns without bearing any transfer charges,” the exchange announced on Sunday.
What do you think of the Indian supreme court taking so long to end the RBI ban that Coindelta has to shut down? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down appeared first on Bitcoin News.
Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down
The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them.
Also read: Indian Supreme Court Set to Hear Crypto Case on March 29
Coindelta Shuts Down
Indian crypto exchange Coindelta announced its service termination on Saturday. The exchange wrote, “we will no longer be able to provide exchange services for cryptocurrencies,” elaborating:
The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services. There has not been any significant progress in the supreme court case which makes it difficult to predict when we will see the regulation.
The central bank, the Reserve Bank of India (RBI), issued a circular in April last year banning banks from providing services to crypto businesses including exchanges. The ban went into effect in July and banks closed the accounts of crypto exchanges at that time.
The banking restriction has put many crypto businesses in limbo. Zebpay, formerly one of the largest crypto exchanges in India, was forced to close down its exchange operations in the country in September last year.
A number of industry participants have filed writ petitions against the ban which the supreme court originally scheduled to hear in September last year. However, the case has repeatedly been postponed. During the most recent hearing which took place on Friday, the court adjourned without addressing the ban until at least July.
Expensive to Run an Exchange
The team at Coindelta, an 18-month-old exchange, explained that “Running the exchange is very expensive in such [an] unfavourable environment.” Noting that “We have been operating at a minimal trade fee, bearing all the costs ourselves ensuring that your trading experience remains unaffected in the current unregulated environment,” the team admitted:
It has been really difficult for us to operate Coindelta exchange for the last 6 months … Economically, it’s no longer viable to continue with the exchange.
According to Saturday’s announcement, Coindelta’s exchange services were suspended and all open orders canceled in all markets at 2:00 p.m. (Indian time) on March 30. However, the wallet services will continue until April 29.
Customers Forced to Withdraw Funds at High Fees
Coindelta has requested that its customers withdraw all their funds within 30 days of the suspension, after which all requests must be submitted to support. “There will be a fixed fee applicable on all the withdrawals,” the exchange warned.
According to the Indian crypto community, these fees are high compared to what other exchanges are charging. For example, “they increased the XRP withdrawal fees to 10 XRP,” Coindcx CEO Sumit Gupta told news.Bitcoin.com, emphasizing that this fee is “a lot” since his exchange charges 0.01 XRP for withdrawals. Coindelta’s BTC withdrawal fee is 0.002 BTC, worth about $8.19 at the time of writing.
Nischal Shetty, CEO of crypto exchange Wazirx, tweeted that he “Got many messages that withdrawal fees from Coindelta have been increased,” adding that his exchange is offering Coindelta’s users 100 percent refund of withdrawal fees if they switch to Wazirx.
Another Indian exchange, Bitbns, has made a similar offer. “We are waiving off/refunding any fee incurred while depositing funds to Bitbns from any other cryptocurrency exchange across the world. This means you can now transfer your funds from any crypto exchange to Bitbns without bearing any transfer charges,” the exchange announced on Sunday.
What do you think of the Indian supreme court taking so long to end the RBI ban that Coindelta has to shut down? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down appeared first on Bitcoin News.
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Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down
The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them.
Also read: Indian Supreme Court Set to Hear Crypto Case on March 29
Coindelta Shuts Down
Indian crypto exchange Coindelta announced its service termination on Saturday. The exchange wrote, “we will no longer be able to provide exchange services for cryptocurrencies,” elaborating:
The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services. There has not been any significant progress in the supreme court case which makes it difficult to predict when we will see the regulation.
The central bank, the Reserve Bank of India (RBI), issued a circular in April last year banning banks from providing services to crypto businesses including exchanges. The ban went into effect in July and banks closed the accounts of crypto exchanges at that time.
The banking restriction has put many crypto businesses in limbo. Zebpay, formerly one of the largest crypto exchanges in India, was forced to close down its exchange operations in the country in September last year.
A number of industry participants have filed writ petitions against the ban which the supreme court originally scheduled to hear in September last year. However, the case has repeatedly been postponed. During the most recent hearing which took place on Friday, the court adjourned without addressing the ban until at least July.
Expensive to Run an Exchange
The team at Coindelta, an 18-month-old exchange, explained that “Running the exchange is very expensive in such [an] unfavourable environment.” Noting that “We have been operating at a minimal trade fee, bearing all the costs ourselves ensuring that your trading experience remains unaffected in the current unregulated environment,” the team admitted:
It has been really difficult for us to operate Coindelta exchange for the last 6 months … Economically, it’s no longer viable to continue with the exchange.
According to Saturday’s announcement, Coindelta’s exchange services were suspended and all open orders canceled in all markets at 2:00 p.m. (Indian time) on March 30. However, the wallet services will continue until April 29.
Customers Forced to Withdraw Funds at High Fees
Coindelta has requested that its customers withdraw all their funds within 30 days of the suspension, after which all requests must be submitted to support. “There will be a fixed fee applicable on all the withdrawals,” the exchange warned.
According to the Indian crypto community, these fees are high compared to what other exchanges are charging. For example, “they increased the XRP withdrawal fees to 10 XRP,” Coindcx CEO Sumit Gupta told news.Bitcoin.com, emphasizing that this fee is “a lot” since his exchange charges 0.01 XRP for withdrawals. Coindelta’s BTC withdrawal fee is 0.002 BTC, worth about $8.19 at the time of writing.
Nischal Shetty, CEO of crypto exchange Wazirx, tweeted that he “Got many messages that withdrawal fees from Coindelta have been increased,” adding that his exchange is offering Coindelta’s users 100 percent refund of withdrawal fees if they switch to Wazirx.
Another Indian exchange, Bitbns, has made a similar offer. “We are waiving off/refunding any fee incurred while depositing funds to Bitbns from any other cryptocurrency exchange across the world. This means you can now transfer your funds from any crypto exchange to Bitbns without bearing any transfer charges,” the exchange announced on Sunday.
What do you think of the Indian supreme court taking so long to end the RBI ban that Coindelta has to shut down? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down appeared first on Bitcoin News.
Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down
The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them.
Also read: Indian Supreme Court Set to Hear Crypto Case on March 29
Coindelta Shuts Down
Indian crypto exchange Coindelta announced its service termination on Saturday. The exchange wrote, “we will no longer be able to provide exchange services for cryptocurrencies,” elaborating:
The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services. There has not been any significant progress in the supreme court case which makes it difficult to predict when we will see the regulation.
The central bank, the Reserve Bank of India (RBI), issued a circular in April last year banning banks from providing services to crypto businesses including exchanges. The ban went into effect in July and banks closed the accounts of crypto exchanges at that time.
The banking restriction has put many crypto businesses in limbo. Zebpay, formerly one of the largest crypto exchanges in India, was forced to close down its exchange operations in the country in September last year.
A number of industry participants have filed writ petitions against the ban which the supreme court originally scheduled to hear in September last year. However, the case has repeatedly been postponed. During the most recent hearing which took place on Friday, the court adjourned without addressing the ban until at least July.
Expensive to Run an Exchange
The team at Coindelta, an 18-month-old exchange, explained that “Running the exchange is very expensive in such [an] unfavourable environment.” Noting that “We have been operating at a minimal trade fee, bearing all the costs ourselves ensuring that your trading experience remains unaffected in the current unregulated environment,” the team admitted:
It has been really difficult for us to operate Coindelta exchange for the last 6 months … Economically, it’s no longer viable to continue with the exchange.
According to Saturday’s announcement, Coindelta’s exchange services were suspended and all open orders canceled in all markets at 2:00 p.m. (Indian time) on March 30. However, the wallet services will continue until April 29.
Customers Forced to Withdraw Funds at High Fees
Coindelta has requested that its customers withdraw all their funds within 30 days of the suspension, after which all requests must be submitted to support. “There will be a fixed fee applicable on all the withdrawals,” the exchange warned.
According to the Indian crypto community, these fees are high compared to what other exchanges are charging. For example, “they increased the XRP withdrawal fees to 10 XRP,” Coindcx CEO Sumit Gupta told news.Bitcoin.com, emphasizing that this fee is “a lot” since his exchange charges 0.01 XRP for withdrawals. Coindelta’s BTC withdrawal fee is 0.002 BTC, worth about $8.19 at the time of writing.
Nischal Shetty, CEO of crypto exchange Wazirx, tweeted that he “Got many messages that withdrawal fees from Coindelta have been increased,” adding that his exchange is offering Coindelta’s users 100 percent refund of withdrawal fees if they switch to Wazirx.
Another Indian exchange, Bitbns, has made a similar offer. “We are waiving off/refunding any fee incurred while depositing funds to Bitbns from any other cryptocurrency exchange across the world. This means you can now transfer your funds from any crypto exchange to Bitbns without bearing any transfer charges,” the exchange announced on Sunday.
What do you think of the Indian supreme court taking so long to end the RBI ban that Coindelta has to shut down? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down appeared first on Bitcoin News.
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The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its Way
After more than five years of business, Dream is preparing to close its doors. The darknet marketplace (DNM) will shut up shop within a month, before relaunching under a new name and onion domain. The move has caused jitters within the darknet community, with buyers seeking reassurances that the site hasn’t been compromised by law enforcement.
Also read: 6 Popular Darknet Marketplaces That Accept Cryptocurrency
Dream Moves House to Evade the DDoSers
In the post-Silk Road era, Dream has came to be known as the darknet’s most reliable marketplace, both in terms of uptime and vendor reputation. It appeared to be impervious from law enforcement and from hackers seeking to extort money from the marketplace. In the last few weeks, however, Dream has suffered from intermittent service, with a determined DDoSer knocking the site offline. In a post shared on Reddit-like darknet forum Dread, Dream admins explained they were being extorted for $400K by the DDoSer, who has persisted with his attack for the past seven weeks.
Urging everyone to ignore the FUD suggesting the site had been compromised by law enforcement, Dream admins promised that the new-look market will be “as good as Dream.” As an infographic by the EU Drugs Agency shows, the number of scammy darknet markets has vastly exceeded the number of legitimate ones over the years. The loss of Dream has been hard to stomach for users, even if its replacement is promised to be every bit as good. Many customers rushed to withdraw their funds from Dream following the announcement, only to find the site had been knocked offline again, with pages loading sporadically.
While Dream Winds Down, Other Markets Prosper
The uncertainty over Dream’s impending closure has proved a boon to other DNMs, which have enjoyed an influx of buyers and vendors. Wall Street Market appears to have been the prime beneficiary; Point marketplace, meanwhile, has been suffering from its own bout of downtime. “I’m heartbroken,” wrote one Redditor in reaction to news of the darknet’s largest marketplace shutting shop. “I exclusively use Dream and it has never let me down.”
TMG has closed for registration while the whole Dream thing gets sorted out. The Hub has still not come back online. It's lights off in the dark web at the moment pic.twitter.com/QBCOt1Atf3
— Eileen Ormsby (the Darkest Web) (@EileenOrmsby) March 28, 2019
While Wall Street accepts BTC and XMR, Dream is powered by the two bitcoins – BTC and BCH. It is unclear whether its successor will retain the same format, both in terms of digital assets and wares. It’s also unclear how the move to a new onion domain will mitigate the DDoS attacks that have plagued the DNM of late. Buyers, many of whom use darknet markets to purchase narcotics, recall the time when law enforcement shut down Alphabay and then funneled users to Hansa, which they had also compromised. The latter served as a honeypot, and significantly increased the number of arrests while decreasing trust in the darknet’s opaque ecosystem.
There is nothing to suggest that Dream has been compromised, but until such a time as its replacement can launch successfully and rebuild trust, speculation will continue to mount. Will the domain earmarked for the rebranded Dream – weroidjkazxqds2l.onion – show the logo of the brand new darknet market leader when it launches? Or will it, as Silk Road did on the day of Ross Ulbricht’s arrest, show the logo of the Federal Bureau of Investigation? The DNM community shouldn’t have to wait long to find out.
What are your thoughts on Dream’s closure? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its Way appeared first on Bitcoin News.
The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its Way
After more than five years of business, Dream is preparing to close its doors. The darknet marketplace (DNM) will shut up shop within a month, before relaunching under a new name and onion domain. The move has caused jitters within the darknet community, with buyers seeking reassurances that the site hasn’t been compromised by law enforcement.
Also read: 6 Popular Darknet Marketplaces That Accept Cryptocurrency
Dream Moves House to Evade the DDoSers
In the post-Silk Road era, Dream has came to be known as the darknet’s most reliable marketplace, both in terms of uptime and vendor reputation. It appeared to be impervious from law enforcement and from hackers seeking to extort money from the marketplace. In the last few weeks, however, Dream has suffered from intermittent service, with a determined DDoSer knocking the site offline. In a post shared on Reddit-like darknet forum Dread, Dream admins explained they were being extorted for $400K by the DDoSer, who has persisted with his attack for the past seven weeks.
Urging everyone to ignore the FUD suggesting the site had been compromised by law enforcement, Dream admins promised that the new-look market will be “as good as Dream.” As an infographic by the EU Drugs Agency shows, the number of scammy darknet markets has vastly exceeded the number of legitimate ones over the years. The loss of Dream has been hard to stomach for users, even if its replacement is promised to be every bit as good. Many customers rushed to withdraw their funds from Dream following the announcement, only to find the site had been knocked offline again, with pages loading sporadically.
While Dream Winds Down, Other Markets Prosper
The uncertainty over Dream’s impending closure has proved a boon to other DNMs, which have enjoyed an influx of buyers and vendors. Wall Street Market appears to have been the prime beneficiary; Point marketplace, meanwhile, has been suffering from its own bout of downtime. “I’m heartbroken,” wrote one Redditor in reaction to news of the darknet’s largest marketplace shutting shop. “I exclusively use Dream and it has never let me down.”
TMG has closed for registration while the whole Dream thing gets sorted out. The Hub has still not come back online. It's lights off in the dark web at the moment pic.twitter.com/QBCOt1Atf3
— Eileen Ormsby (the Darkest Web) (@EileenOrmsby) March 28, 2019
While Wall Street accepts BTC and XMR, Dream is powered by the two bitcoins – BTC and BCH. It is unclear whether its successor will retain the same format, both in terms of digital assets and wares. It’s also unclear how the move to a new onion domain will mitigate the DDoS attacks that have plagued the DNM of late. Buyers, many of whom use darknet markets to purchase narcotics, recall the time when law enforcement shut down Alphabay and then funneled users to Hansa, which they had also compromised. The latter served as a honeypot, and significantly increased the number of arrests while decreasing trust in the darknet’s opaque ecosystem.
There is nothing to suggest that Dream has been compromised, but until such a time as its replacement can launch successfully and rebuild trust, speculation will continue to mount. Will the domain earmarked for the rebranded Dream – weroidjkazxqds2l.onion – show the logo of the brand new darknet market leader when it launches? Or will it, as Silk Road did on the day of Ross Ulbricht’s arrest, show the logo of the Federal Bureau of Investigation? The DNM community shouldn’t have to wait long to find out.
What are your thoughts on Dream’s closure? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its Way appeared first on Bitcoin News.
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Supercharge Your BCH Workflow With Bitcoin.com’s SLP and Badger SDKs
Last summer, Bitcoin.com launched a developer suite so Bitcoin Cash (BCH) programmers could have access to a slew of resources, tools, and software development kits (SDK). At the time, the web portal contained three key tools for blockchain programmers: the Bitbox SDK, REST, and the GUI platform. Now, Developer.Bitcoin.com hosts two more SDKs so developers can build applications with Badger Wallet and the Simple Ledger Protocol (SLP).
Also read: Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch
Build Killer Apps With Bitcoin.com’s Developer Platform
Bitcoin.com believes that BCH has the potential to change the world and provide people with economic freedom. On account of this conviction, our web portal provides resources, tools, and other helpful services so individuals and groups can dive right into this innovative industry that’s transforming our world. After providing a wide variety of resources for retail investors and newbies, last July we launched Developer.Bitcoin.com in order to provide assistance to the BCH development community. The service includes a bunch of tools that leverage the BCH blockchain to build decentralized and censorship-resistant applications. Initially, the software included on Developer.Bitcoin.com consisted of Bitbox SDK, REST, and GUI tools, but we’ve added two more SDKs to the mix.
Badger SDK
The first is the Badger SDK which can act as a gateway to the world of BCH apps. Programmers can utilize the Badger API and provide website visitors with the ability to allow apps to request their permission to send BCH, send tokens, or authenticate with the Cash-ID protocol. Badger Wallet has become the BCH version of Metamask as it allows connections to a variety of BCH applications and tokens. For instance, it supports SLP tokens and has been easily integrated with popular platforms such as Satoshi Dice and Sideshift. The Chrome and Firefox-based Badger software has the ability to process micropayments and smart assets, fuel decentralized exchanges, and power distributed autonomous organizations. Badger is also connected to the Cash-ID protocol which can give users the ability to sign in to web pages and BCH-based applications and unlock content using their private keys. Developer.Bitcoin.com also hosts Badger React components that make integrating Bitcoin Cash into any project much easier.
SLP SDK
Lastly, the development suite now has a Simple Ledger Protocol (SLP) SDK so users can experiment with the SLP token universe. Ever since the launch of SLP cryptocurrency, people have been creating all types of tokens built on top of the BCH network. The SLP development kit provides programmers with a fully featured Javascript framework powered by Bitbox. This means developers will have access to everything they need to issue, spend or trade a token backed by the security of the BCH chain. The SLP framework is robust and extensible toward the light wallet ecosystem and programmers can apply multi-signature addresses and other Bitcoin script features with SLP tokens as well. Moreover, there’s a built-in console with REPL, Bitbox, and a Bitcoin Cash JSON RPC API. The SLP SDK is also coupled to REST, so no further setup is necessary.
Fueling Innovation and Economic Freedom
There’s been a ton of new applications that use the innovation and security instilled within the Bitcoin Cash network and at Bitcoin.com we want to keep the momentum going. Developer.Bitcoin.com is designed to bolster the innovation and building happening in the cryptocurrency space and all of the resources are free. At Bitcoin.com we hope our developer platform will help you change the world by leveraging the benefits of the peer-to-peer electronic cash system we all love.
What do you think about Developer.Bitcoin.com? Let us know what you think about this subject in the comments section below.
Image credits: Bitcoin.com
Need to calculate your bitcoin holdings? Check our tools section.
The post Supercharge Your BCH Workflow With Bitcoin.com’s SLP and Badger SDKs appeared first on Bitcoin News.
Supercharge Your BCH Workflow With Bitcoin.com’s SLP and Badger SDKs
Last summer, Bitcoin.com launched a developer suite so Bitcoin Cash (BCH) programmers could have access to a slew of resources, tools, and software development kits (SDK). At the time, the web portal contained three key tools for blockchain programmers: the Bitbox SDK, REST, and the GUI platform. Now, Developer.Bitcoin.com hosts two more SDKs so developers can build applications with Badger Wallet and the Simple Ledger Protocol (SLP).
Also read: Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch
Build Killer Apps With Bitcoin.com’s Developer Platform
Bitcoin.com believes that BCH has the potential to change the world and provide people with economic freedom. On account of this conviction, our web portal provides resources, tools, and other helpful services so individuals and groups can dive right into this innovative industry that’s transforming our world. After providing a wide variety of resources for retail investors and newbies, last July we launched Developer.Bitcoin.com in order to provide assistance to the BCH development community. The service includes a bunch of tools that leverage the BCH blockchain to build decentralized and censorship-resistant applications. Initially, the software included on Developer.Bitcoin.com consisted of Bitbox SDK, REST, and GUI tools, but we’ve added two more SDKs to the mix.
Badger SDK
The first is the Badger SDK which can act as a gateway to the world of BCH apps. Programmers can utilize the Badger API and provide website visitors with the ability to allow apps to request their permission to send BCH, send tokens, or authenticate with the Cash-ID protocol. Badger Wallet has become the BCH version of Metamask as it allows connections to a variety of BCH applications and tokens. For instance, it supports SLP tokens and has been easily integrated with popular platforms such as Satoshi Dice and Sideshift. The Chrome and Firefox-based Badger software has the ability to process micropayments and smart assets, fuel decentralized exchanges, and power distributed autonomous organizations. Badger is also connected to the Cash-ID protocol which can give users the ability to sign in to web pages and BCH-based applications and unlock content using their private keys. Developer.Bitcoin.com also hosts Badger React components that make integrating Bitcoin Cash into any project much easier.
SLP SDK
Lastly, the development suite now has a Simple Ledger Protocol (SLP) SDK so users can experiment with the SLP token universe. Ever since the launch of SLP cryptocurrency, people have been creating all types of tokens built on top of the BCH network. The SLP development kit provides programmers with a fully featured Javascript framework powered by Bitbox. This means developers will have access to everything they need to issue, spend or trade a token backed by the security of the BCH chain. The SLP framework is robust and extensible toward the light wallet ecosystem and programmers can apply multi-signature addresses and other Bitcoin script features with SLP tokens as well. Moreover, there’s a built-in console with REPL, Bitbox, and a Bitcoin Cash JSON RPC API. The SLP SDK is also coupled to REST, so no further setup is necessary.
Fueling Innovation and Economic Freedom
There’s been a ton of new applications that use the innovation and security instilled within the Bitcoin Cash network and at Bitcoin.com we want to keep the momentum going. Developer.Bitcoin.com is designed to bolster the innovation and building happening in the cryptocurrency space and all of the resources are free. At Bitcoin.com we hope our developer platform will help you change the world by leveraging the benefits of the peer-to-peer electronic cash system we all love.
What do you think about Developer.Bitcoin.com? Let us know what you think about this subject in the comments section below.
Image credits: Bitcoin.com
Need to calculate your bitcoin holdings? Check our tools section.
The post Supercharge Your BCH Workflow With Bitcoin.com’s SLP and Badger SDKs appeared first on Bitcoin News.
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Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners
On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew of mining operations have been prepping up new facilities in order to take advantage of the wet season in China.
Also read: Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch
Antminer 17 Series Available for Purchase on April 9
Bitcoin miners will be interested in the latest rigs that will be sold in the near future by the industry’s leading manufacturers. On Friday, Bitmain announced a sale date so the public can purchase devices from the Antminer 17 series which include the Antminer S17 Pro, Antminer S17, and the Antminer T17. The rigs will be sold globally on April 9, and come packed with Bitmain’s newly improved second generation 7nm ASIC BM1397 mining chips. During the announcement, Bitmain’s product manager of the latest Antminer series, Yangxin, revealed some details about the relationship between the company and the semiconductor foundry TSMC.
“The new miner offers a steep improvement in the hashrate in terms of space and power consumption,” Yangxin noted.
The BM1397 chips are produced using TSMC’s 7nm Finfet process and Yangxin claims the revamped 17 series will provide miners with 28.6 percent more efficiency than the previous 7nm equipped model using the BM1391. Yangxin stated that the future of mega-efficient SHA-256 miners will go beyond the 7nm scope. “From a technical point of view, there is no end to the development of technology. However, in the short run, the driving force behind the development of next-gen miners beyond 7nm chips is slowing down due to physical limitations,” Yangxin explained. The product manager continued:
With the nm size shrinking quantum effects, among other new challenges, come into play. It is promising that TSMC (Taiwan Semiconductor Manufacturing Company) is already in the process of building 5nm chips.
Bitmain’s announcement does not reveal the new products’ hashrate but the previous Antminer S15 produces 28 trillion hashes per second (TH/s). The 17 series specifications will be available on the official website when the devices go up for sale. Yangxin did disclose that there is a noticeable performance improvement compared to the previous generation chip and the 17 series models have a “higher hashrate in a single miner.”
Canaan Reveals the New Avalonminer A10
Following Bitmain’s announcement, Chinese firm Canaan Creative released information on the launch of its latest Avalon series. Canaan announced the new Avalonminer A10 on the company’s official Wechat account on Friday as well. Interestingly, Canaan’s ad says that the new miner will go on sale in March 2019, yet the official sale date is still unknown. Moreover, during the spring, Chinese miners have been flocking to Sichuan for cheap electricity during the wet season and mining operations have been buying up rigs for new facilities.
Canaan does reveal some of the specifications tied to the A10 device which include 31TH/s and power consumption of around 1736W off the wall. This means the machine boasts a possible 50W/T (watt per terahash) at max capacity. Other details such as the new Avalon rig’s price per unit are still unknown. The news follows rumors of Canaan reapplying for the company’s initial public offering (IPO) in Hong Kong because it expired. The finance publication Securities Times also reported that Canaan raised “several hundred million U.S. dollars” on March 11. Bitmain’s IPO application expired as well and the company has recently disclosed that the corporation will also attempt to go public again by reapplying.
What do you think about Canaan and Bitmain’s latest announcements concerning next-generation machines? Let us know what you think about this subject in the comments section below.
Image credits: Canaan Creative, and Bitmain Technologies.
Want to create your own secure cold storage paper wallet? Check our tools section.
The post Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners appeared first on Bitcoin News.
Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners
On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew of mining operations have been prepping up new facilities in order to take advantage of the wet season in China.
Also read: Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch
Antminer 17 Series Available for Purchase on April 9
Bitcoin miners will be interested in the latest rigs that will be sold in the near future by the industry’s leading manufacturers. On Friday, Bitmain announced a sale date so the public can purchase devices from the Antminer 17 series which include the Antminer S17 Pro, Antminer S17, and the Antminer T17. The rigs will be sold globally on April 9, and come packed with Bitmain’s newly improved second generation 7nm ASIC BM1397 mining chips. During the announcement, Bitmain’s product manager of the latest Antminer series, Yangxin, revealed some details about the relationship between the company and the semiconductor foundry TSMC.
“The new miner offers a steep improvement in the hashrate in terms of space and power consumption,” Yangxin noted.
The BM1397 chips are produced using TSMC’s 7nm Finfet process and Yangxin claims the revamped 17 series will provide miners with 28.6 percent more efficiency than the previous 7nm equipped model using the BM1391. Yangxin stated that the future of mega-efficient SHA-256 miners will go beyond the 7nm scope. “From a technical point of view, there is no end to the development of technology. However, in the short run, the driving force behind the development of next-gen miners beyond 7nm chips is slowing down due to physical limitations,” Yangxin explained. The product manager continued:
With the nm size shrinking quantum effects, among other new challenges, come into play. It is promising that TSMC (Taiwan Semiconductor Manufacturing Company) is already in the process of building 5nm chips.
Bitmain’s announcement does not reveal the new products’ hashrate but the previous Antminer S15 produces 28 trillion hashes per second (TH/s). The 17 series specifications will be available on the official website when the devices go up for sale. Yangxin did disclose that there is a noticeable performance improvement compared to the previous generation chip and the 17 series models have a “higher hashrate in a single miner.”
Canaan Reveals the New Avalonminer A10
Following Bitmain’s announcement, Chinese firm Canaan Creative released information on the launch of its latest Avalon series. Canaan announced the new Avalonminer A10 on the company’s official Wechat account on Friday as well. Interestingly, Canaan’s ad says that the new miner will go on sale in March 2019, yet the official sale date is still unknown. Moreover, during the spring, Chinese miners have been flocking to Sichuan for cheap electricity during the wet season and mining operations have been buying up rigs for new facilities.
Canaan does reveal some of the specifications tied to the A10 device which include 31TH/s and power consumption of around 1736W off the wall. This means the machine boasts a possible 50W/T (watt per terahash) at max capacity. Other details such as the new Avalon rig’s price per unit are still unknown. The news follows rumors of Canaan reapplying for the company’s initial public offering (IPO) in Hong Kong because it expired. The finance publication Securities Times also reported that Canaan raised “several hundred million U.S. dollars” on March 11. Bitmain’s IPO application expired as well and the company has recently disclosed that the corporation will also attempt to go public again by reapplying.
What do you think about Canaan and Bitmain’s latest announcements concerning next-generation machines? Let us know what you think about this subject in the comments section below.
Image credits: Canaan Creative, and Bitmain Technologies.
Want to create your own secure cold storage paper wallet? Check our tools section.
The post Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners appeared first on Bitcoin News.
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New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. Developers say they will give crypto companies the peace of mind they need to focus on their core activities without having to worry about banking.
Also read: Cryptojobs Is a Platform With 1,300 Vacancies in the Cryptocurrency Industry
British Company to Open Bank Accounts for Crypto Businesses
Coinacquiring, a London-based consulting firm, has announced it now offers help in opening “crypto-friendly bank accounts” for companies in the sector. The corporate banking assistance will expand its portfolio, which already includes another sought after service, fiat-to-crypto payment processing provided to merchants accepting digital currencies.
The bank accounts will be available in multiple fiat currencies including British pound, euro, U.S. dollar, Swiss franc, and Japanese yen, along with many other currencies such as Czech koruna, Romanian leu and South African rand, for example. They will also support SEPA instant credit transfers and wire transfers via Swift.
Banking and payment processing services are in high demand in the sector and the company receives several requests a day as David Jones, senior payments consultant at Coinacquiring, told news.Bitcoin.com. Jones believes banks turn the crypto businesses away because they don’t fully understand how to evaluate risk in the crypto industry.
To provide more security and stability to cryptocurrency merchants, Coinacquiring maintains relationships with a number of traditional financial institutions. “We have several Tier 1 European banks we work with and also options with smaller banks further afield,” the company representative assured.
Coinacquiring charges a fixed $500 account opening fee and additional fees are negotiated directly between the merchant and the respective bank. Jones added that these processing rates typically tend to be between 3 and 5 percent.
“We know how difficult fiat to crypto payment processing can be to set up,” David Jones was quoted as saying in a press release sent by the company earlier this week. “We want to create a space where crypto businesses can focus on building exciting products and technologies instead of having to worry about whether their banking infrastructure is reliable or not,” he emphasized.
Coinacquiring also offers assistance with opening foreign exchange accounts, although this service is not that frequently requested. “As an extension to this we will look to provide some treasury management solutions for exchanges working in multiple fiat currencies. However, this is a few months off,” Jones explained.
The consultant noted that there are currently plenty of crypto-to-fiat payment processing options and Coinacquiring wouldn’t be filling a void if it decided to offer this kind of service too. “As we grow I guess it makes sense to include this for completeness more than anything else,” Jones remarked when asked about the company’s plans for the future.
Belarusians Develop Crypto-to-Fiat Payment Processing Software
Meanwhile, a new crypto-to-fiat payment processing system has been developed in Eastern Europe, despite strong existing competition in this niche. One of the established companies in the field, Paytomat, already has a network of merchants accepting cryptocurrencies using its services for instant conversion to local fiat. Their clients are based in a dozen countries around the world, from Ukraine to Venezuela.
Now Synell, an IT company headquartered in Belarus and with offices in Russia and the U.S., is promoting its offering to the growing market, its software capable of processing direct crypto payments and converting digital coins to fiat money for businesses that wish to provide their customers with the option to pay with cryptocurrency.
The platform, called Acquiring, can accept payments in three major digital currencies – bitcoin core (BTC), ethereum (ETH) and litecoin (LTC). The developers note, however, that support for other coins can be added upon request from interested parties. The team has also developed an API and a mobile application that enables users to receive payments directly at their store checkout.
The software package is now up for sale and offered to companies that would like to invest more time and effort into its further development and integration, Synell CEO Denis Gorskin told news.Bitcoin.com. The crypto payment processing platform, which costs $18,000, was originally designed for Russian clients but it can be adapted to any other market and already has an English-language version.
Do you think the launch of new services designed specifically for crypto companies indicates that the industry is recovering? Share your thoughts in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia appeared first on Bitcoin News.
New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. Developers say they will give crypto companies the peace of mind they need to focus on their core activities without having to worry about banking.
Also read: Cryptojobs Is a Platform With 1,300 Vacancies in the Cryptocurrency Industry
British Company to Open Bank Accounts for Crypto Businesses
Coinacquiring, a London-based consulting firm, has announced it now offers help in opening “crypto-friendly bank accounts” for companies in the sector. The corporate banking assistance will expand its portfolio, which already includes another sought after service, fiat-to-crypto payment processing provided to merchants accepting digital currencies.
The bank accounts will be available in multiple fiat currencies including British pound, euro, U.S. dollar, Swiss franc, and Japanese yen, along with many other currencies such as Czech koruna, Romanian leu and South African rand, for example. They will also support SEPA instant credit transfers and wire transfers via Swift.
Banking and payment processing services are in high demand in the sector and the company receives several requests a day as David Jones, senior payments consultant at Coinacquiring, told news.Bitcoin.com. Jones believes banks turn the crypto businesses away because they don’t fully understand how to evaluate risk in the crypto industry.
To provide more security and stability to cryptocurrency merchants, Coinacquiring maintains relationships with a number of traditional financial institutions. “We have several Tier 1 European banks we work with and also options with smaller banks further afield,” the company representative assured.
Coinacquiring charges a fixed $500 account opening fee and additional fees are negotiated directly between the merchant and the respective bank. Jones added that these processing rates typically tend to be between 3 and 5 percent.
“We know how difficult fiat to crypto payment processing can be to set up,” David Jones was quoted as saying in a press release sent by the company earlier this week. “We want to create a space where crypto businesses can focus on building exciting products and technologies instead of having to worry about whether their banking infrastructure is reliable or not,” he emphasized.
Coinacquiring also offers assistance with opening foreign exchange accounts, although this service is not that frequently requested. “As an extension to this we will look to provide some treasury management solutions for exchanges working in multiple fiat currencies. However, this is a few months off,” Jones explained.
The consultant noted that there are currently plenty of crypto-to-fiat payment processing options and Coinacquiring wouldn’t be filling a void if it decided to offer this kind of service too. “As we grow I guess it makes sense to include this for completeness more than anything else,” Jones remarked when asked about the company’s plans for the future.
Belarusians Develop Crypto-to-Fiat Payment Processing Software
Meanwhile, a new crypto-to-fiat payment processing system has been developed in Eastern Europe, despite strong existing competition in this niche. One of the established companies in the field, Paytomat, already has a network of merchants accepting cryptocurrencies using its services for instant conversion to local fiat. Their clients are based in a dozen countries around the world, from Ukraine to Venezuela.
Now Synell, an IT company headquartered in Belarus and with offices in Russia and the U.S., is promoting its offering to the growing market, its software capable of processing direct crypto payments and converting digital coins to fiat money for businesses that wish to provide their customers with the option to pay with cryptocurrency.
The platform, called Acquiring, can accept payments in three major digital currencies – bitcoin core (BTC), ethereum (ETH) and litecoin (LTC). The developers note, however, that support for other coins can be added upon request from interested parties. The team has also developed an API and a mobile application that enables users to receive payments directly at their store checkout.
The software package is now up for sale and offered to companies that would like to invest more time and effort into its further development and integration, Synell CEO Denis Gorskin told news.Bitcoin.com. The crypto payment processing platform, which costs $18,000, was originally designed for Russian clients but it can be adapted to any other market and already has an English-language version.
Do you think the launch of new services designed specifically for crypto companies indicates that the industry is recovering? Share your thoughts in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia appeared first on Bitcoin News.
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Book Flights and Hotels With BCH and 6 Other Coins at Bitcoin.Travel
The number of travel websites accepting cryptocurrencies has been growing with the popularity of digital coins. One well-established platform, Bitcoin.travel, now supports payments in seven cryptos, including bitcoin cash (BCH).
Also read: Cryptojobs Is a Platform With 1,300 Vacancies in the Cryptocurrency Industry
Travel Anywhere, Pay in Crypto
Bitcoin.travel works with businesses from the travel industry willing to accept decentralized digital currencies for their services. On the platform, which is available in dozens of languages, users can search for flights, hotels and rentals offered by numerous partners around the world.
Starting originally with BTC payments, the travel site has expanded the number of supported cryptocurrencies to seven. Currently, it can also process incoming transactions in bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), litecoin (LTC), dash and dogecoin.
Travelers can book a desired destination, accommodation or other service using their preferred cryptocurrency. The payment is accepted on confirmation but is transferred to the provider at least 24 hours after guests check in.
Businesses are welcome to list their places and services on Bitcoin.travel free of charge, providing a description, pictures and price rates. As per the terms of service, they can request a withdrawal of the due amount a day after the arrival of their customer. Payouts are made in BTC, BCH, ETH, and LTC.
What other crypto-friendly travel websites do you know or use? Share your experience in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Book Flights and Hotels With BCH and 6 Other Coins at Bitcoin.Travel appeared first on Bitcoin News.
Book Flights and Hotels With BCH and 6 Other Coins at Bitcoin.Travel
The number of travel websites accepting cryptocurrencies has been growing with the popularity of digital coins. One well-established platform, Bitcoin.travel, now supports payments in seven cryptos, including bitcoin cash (BCH).
Also read: Cryptojobs Is a Platform With 1,300 Vacancies in the Cryptocurrency Industry
Travel Anywhere, Pay in Crypto
Bitcoin.travel works with businesses from the travel industry willing to accept decentralized digital currencies for their services. On the platform, which is available in dozens of languages, users can search for flights, hotels and rentals offered by numerous partners around the world.
Starting originally with BTC payments, the travel site has expanded the number of supported cryptocurrencies to seven. Currently, it can also process incoming transactions in bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), litecoin (LTC), dash and dogecoin.
Travelers can book a desired destination, accommodation or other service using their preferred cryptocurrency. The payment is accepted on confirmation but is transferred to the provider at least 24 hours after guests check in.
Businesses are welcome to list their places and services on Bitcoin.travel free of charge, providing a description, pictures and price rates. As per the terms of service, they can request a withdrawal of the due amount a day after the arrival of their customer. Payouts are made in BTC, BCH, ETH, and LTC.
What other crypto-friendly travel websites do you know or use? Share your experience in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Book Flights and Hotels With BCH and 6 Other Coins at Bitcoin.Travel appeared first on Bitcoin News.
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