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Bitmain-Backed Opera Web Browser Adds Built-In Ethereum Wallet

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Popular internet browser Opera will become the first mainstream web interface to add native support for an ethereum wallet, the company announced on Wednesday.

Opera Adds Ethereum Wallet in Web 3.0 Push

The wallet, initially available through Opera’s Android browser and currently restricted to a private beta, aims to provide users with “friendly and seamless” access to decentralized applications (dApps) such as CryptoKitties and AirSwap, as well as storage for ether and ethereum-based tokens.

“We believe the web of today will be the interface to the decentralized web of tomorrow,” Opera said in a statement. “We think that with a built-in crypto wallet, the browser has the potential to renew and extend its important role as a tool to access information, make transactions online and manage users’ online identity in a way that gives them more control.”

Privacy by Default

The company has long been a strong advocate for user privacy, even integrating a VPN into the Opera desktop browser, and it said that this commitment has extended to the development of its non-custodial cryptocurrency wallet.

“Privacy is a very important aspect for browsers in general, but even more so for crypto wallet users. Our aim was to create a user-controlled crypto wallet that provides enhanced control and security of the keys which are used to control the wallet’s funds.”

In addition to storing private keys on the device — a basic feature offered by reputable mobile wallets — Opera also asks a user’s permission before exposing wallet information to individual websites, mitigating the risk of phishing attacks and third-party tracking.

 

The wallet also features support for Progressive Web Apps (PWA), enabling dApp developers to create web dApps without having to embed a wallet in the app themselves or entrust the security of their users’ funds to an external wallet app.

Bitmain Acquires Controlling Stake in Opera

The timing of the release is notable, as it comes just days after public documents revealed that the world’s most valuable cryptocurrency company had purchased a major stake in Opera.

Earlier this week, CCN reported that Bitmain — which was recently valued at $12 billion — invested $50 million in Opera, obtaining a controlling stake in the company which is expected to raise $115 million through its own public offering.

The news had sparked much speculation about Bitmain’s plans for the browser, including whether the China-based firm — which is best known for its production of cryptocurrency mining hardware and mining pool operation — would roll out support for in-browser mining.

That particular feature has not yet been announced, but today’s announcement suggests that, with Bitmain at the helm, Opera could play a major role in helping bring cryptocurrency into the mainstream.

Bitcoin

More Bitcoin ATMs are being introduced by LibertyX as interest grows

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  • The company behind first launching Bitcoin ATMs in the United States, LibertyX to introduce more.
  • LibertyX have announced they will add another 90 ATMs to its network. 

LibertyX, the firm that launched the first Bitcoin (BTC) automated teller machine (ATM), in the United States, will be adding 90 new machines to its network.

The Boston-based firm will be partnering with independent ATM operator DesertATM, as part of the network expansion, as detailed within a report by global ATM market publication ATMmarketplace on July 18.

DesertATM will be uploading LibertyX on 90 of its Genmega ATMs to facilitate Bitcoin operations. In terms of the new Bitcoin ATM locations, these will be placed at; gas stations such as AMPM, ARCO & Chevron, as well as Family Dollar retail stores, as per the press release notes.

source:.fxstreet

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Bitcoin not yet banned in India, regulations around the corner

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  • The Minister of State to the Ministry of Finance told the upper house of the Indian Parliament, cryptos are not banned yet.
  • The Minister, Anurag Singh Thakur, also stressed the need of creating a solution that caters to global regulators.

As per Anurag Singh Thakur, the Minister of State to the Ministry of Finance, holding or trading cryptocurrencies is not banned in India. During an address to the upper house of the Indian Parliament, Thakur stated that the Reserve Bank of India and the Ministry of Finance have issued notices regarding the use of Bitcoin and other similar coins:

“Presently, there is no separate law for dealing with issues relating to cryptocurrencies. Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”

The Minister’s response followed a recent report regarding an alleged crypto blanket ban draft which stated that the government would sentence crypto traders with a ten-year imprisonment.

In a separate letter addressed to the Ministry of Corporate Affairs, Thakur stated that an interministerial committee needs to create a solution that caters to global regulators:

“It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital currency in India. No decision on licensing and authorizing any entity or company to operate such schemes or deal with Bitcoins or any virtual currency has been made as yet.”

source:.fxstreet

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Bitcoin price prediction: BTC/USD faces two healthy resistance levels on path back to $11,000

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  • BTC/USD is currently trading around $10,545.
  • The two resistance levels are at $10,575 and $10,700.

BTC/USD had a bearish Friday where the price fell from $10,660 to $10,540. Bitcoin managed to have a bullish start to this Saturday and is currently trading for $10,545. The daily confluence detector shows two moderate-strong resistance levels at $10,575 and $10,700. On the downside, there are two support levels of note at $10,500 and $10,375.

BTC/USD daily confluence detector

fxsoriginal

The $10,575 resistance level has the 1-week Fibonacci 61.8% retracement level, while the $10,700 has the most substantial resistance level but no confluences has been detected. On the downside, the $10,500 support level has the 100-day simple moving average (SMA 100) and the 1-hour previous low. The $10,375 level possesses the 1-day Fibonacci 38.2% retracement level.

source:.fxstreet

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