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Medici-Backed Bitsy Launches User-Friendly Crypto Wallet to Boost Adoption

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Blockchain startup Bitsy wants to help build out the bridge between cryptocurrencies and fiat money.

To that end, the company announced a new crypto wallet Friday, one aimed at providing a simplified, user-friendly experience.

CEO Ann-Marie Hopkins told CoinDesk that the wallet will allow users to buy some amount of cyptocurrency, such as bitcoin, and ensure that “it’ll be easier to get bitcoin from one person to another.”

Bitsy – which has seen investment from Medici Ventures, the blockchain subsidiary of retail giant Overstock.com – says its wallet offers a clean interface for newcomers to the tech, one which hides wallet addresses, transaction verifications and other technical details, though those will still remain accessible for more experienced users.

Hopkins explained:”We want the regular bitcoin technical person to appreciate it, but at the same time we want it to be more mainstream, more usable, and until we make it more approachable, we don’t think people will use it.”

According to the firm’s website, the product will use facial recognition for wallet access on devices fitted with the technology.

To use the new product, users purchase their desired amount of bitcoin in U.S. dollars, and the crypto “goes right into your wallet.,” according to Hopkins. To transfer bitcoin to someone else, the wallet defaults to a QR code instead of a bitcoin address.

“If you don’t want to worry about the technical stuff, you don’t have to. Of course, you have access if you want to look at the verifications,” she added.

At launch, users will be able to transfer funds chiefly between individuals. However, the company intends for its platform to act as an on-ramp for those looking to purchase goods or services online, as well.

“That’s eventually, probably where we’re going. That’s the ideal, companies all get a wallet, you send them the bitcoin, they charge you the bitcoin, it can just be another form of payment,” the CEO said.

To kick start that expansion, Overstock.com will add an integration for the wallet in late 2018 or early 2019, which will enable customers to quickly purchase items for sale on its platform using cryptocurrency. Ultimately, Overstock.com customers will even be able to directly purchase bitcoin through the app.

Moreover, while users in developed nations may already have options to purchase and transact with bitcoin, those who have difficulty accessing banking services may be able to more easily conduct transactions using Bitsy, Hopkins said.

Source:coindesk

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MicroBitcoin Blockchain Community and Korea Association of Care Workers (KACW) Partner to Expand for Users

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MicroBitcoin Signs An Exclusive Contract With The Korea Association Of Care Workers (KACW) To Expand Its Usability To 1.5M Users

The MicroBitcoin Open Source Community has announced that it has signed a contract with Korea Association of Care Workers (KACW) to adapt the MicroBitcoin blockchain networkprotocol.

The contract entails 1.5 million care workers who are certified to download and use the MicroBitcoin Wallet and make payments using MicroBitcoin which will be available via their care portal that handles all long-term care with about 6,000 sanatoriums.

Furthermore, fees for agents and store purchases from the KACW portal will be payable in MicroBitcoin.

The trilateral contract was made between the MicroBitcoin Open Source Community, the Korea Association of Care Workers, and a technology consultant – Bluequotient.

In the KACW ecosystem, MicroBitcoin will be available to their 1.5million certified care workers, 25,000 care portals, around 12,000 sanatoriums, Smart New Media Press Association, Korean Beauty Federation Association, Professional Economic Person Societies, Korea internet newspaper broadcasting association, Korea Care News and more.

As a step towards MicroBitcoin’s use in the real economy, it’s expected to be a use case that improves the rights and interests of Korean care workers and services which will run transparently by adapting blockchain technology for the welfare of the aged population in Korea, which is becoming an aging society, said MicroBitcoin Open Source Community.

MicroBitcoin is a Bitcoin hard fork cryptocurrency and has recently been listed on an international cryptocurrency exchange, ‘BitOnBay’, ranked in 40th with worldwide exchange volume for the first time on September 20, 2018.

Source:bitcoinexchangeguide

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Winklevoss-Led Cryptocurrency Exchange Gemini Eyes UK Expansion: Report

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Gemini, the U.S. cryptocurrency exchange founded by bitcoin billionaires Cameron and Tyler Winklevoss, is rumored to be eyeing an expansion into the United Kingdom.

Gemini Plots Transatlantic Expansion

Citing two sources close to the process, the Financial Times reports that the New York-based exchange operator has hired advisors regarding a move into Britain and may soon submit an application to the U.K. Financial Conduct Authority (FCA) for regulatory authorization to open an exchange in the country under the agency’s e-money licensing program.

Gemini has not confirmed the report, telling FT that it has “no immediate plans” but is evaluating opportunities to increase its global presence.

“Gemini continues to explore potential jurisdictions around the globe to provide a best-in-class digital asset exchange and custodian which will enable growth and infrastructure to the entire digital asset community,” FT cited the exchange operator as saying. “Although we have no immediate plans, we . . . will always evaluate opportunities that allow the global economy to buy, sell and store digital assets in a regulated, secure and compliant manner.”

In March, San Francisco-based cryptocurrency exchange giant Coinbase received such an e-money license from the FCA, authorizing it to provide payment and electronic money services to customers in the U.K. and 23 other European Union countries. Coinbase UK customers can currently trade GBP against BTC, ETH, BCH, LTC, and ETC.

Gemini currently ranks as the world’s 61st-largest cryptocurrency exchange, according to CoinMarketCap, with a 24-hour volume of about $12 million and a 30-day volume of nearly $750 million. Binance, the highest-volume exchange, averages more than $1 billion in daily volume.

Recently, the exchange launched a fully-collateralized, USD-pegged cryptocurrency called the Gemini dollar (GUSD).

U.K. Lawmakers  Call for End to ‘Wild West’ Crypto Markets

Earlier this month, FCA chief Andrew Bailey said that regulators need to take a balanced approach on cryptocurrency, mitigating risks and maintaining consumer protections while also leaving sufficient room for innovation. Lawmakers, though, have been more critical of the nascent industry, alleging that regulators need to cease with the “feeble warnings” and regulate the “Wild West” cryptocurrency markets.

Increased regulation would likely not be a major hurdle for Gemini, though, as the exchange is already one of the few cryptocurrency companies to receive a charter authorizing them to operate in New York under the state’s rigorous BitLicense framework. The firm has also partnered with Nasdaq to police its markets for illegal trading activities using the stock exchange giant’s market surveillance technology.

According to a recent survey, 30 percent of London residents plan to invest in cryptocurrency assets, compared to 13 percent of the national average. A previous survey found that 27 percent of male millennials living in the U.K. consider bitcoin a better investment than real estate.

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Bitcoin Investors, Here’s 6 Crypto Analysis Tools All Traders Should Have in Portfolio

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Taking A Look At A Few Improved Crypto Analysis Tool

Remember the days when cryptocurrency analysis sites were nothing more than a fancy excel sheet. Well, that’s not the case anymore. Although Coinmarketcap is still the clear leader in the space by a big margin, it has competition now. The interesting thing is that most of these platforms aren’t simply aspiring to be CMC knock-offs, they’re providing fresh tools for grasping the complexities of the ever-evolving crypto-economy.

Let us take a look at 5 new blockchain explorers and crypto monitoring sites that have made notable progress in the near past.

Onchainfx

Let us start off with the popular new tool Onchainfx. A few weeks back, they added a Breakeven Multiple columns, showing how many times your altcoin collection needs to double to reach its previous all-time high. In the case of Zclassic, 70x is what it takes for bagholders who bought at the ATH to break even. Its latest addition is more elaborate, however, and infinitely more useful. It’s now possible to mark fundamental events on charts using Onchainfx, allowing observers to correlate market movements with actions. If you’re looking to understand why an asset boomed or dumped, from mining reward halvings to chain splits, Onchainfx’ new feature aims to capture it.

Blockchair

Blockchair was already an established analysis tool for BCH, BTC, ETH, and LTC for over a couple of months now. It has now expanded, adding an Omni layer protocol for keeping tabs on Tether transactions, and a Wormhole layer for monitoring activity on the new Bitcoin Cash token and smart contract protocol. As if that wasn’t enough, Blockchair has added the ability to generate printable receipts for BCH, BTC, and LTC transactions. Simply navigate to your transaction using the blockchain explorer and click “PDF receipt”.

NFT Marketcap

This analysis tool can be called as a Coinmarketcap for non-fungible tokens. Having only launched this week, it’s still rudimentary but has the potential to evolve into something greater. Meantime, anyone interested in checking up on the status of their favorite ERC721 marketplace should head to Nonfungible.com, which enables tracking and trading of everything from Decentraland to Cryptokitties. Statistics detail the number of tokens traded over the past 24 hours, their average value, and the number of active users.

Blockmodo And Coinratecap

For people seeking a Coinmarketcap with added peculiarities, Blockmodo and Coinratecap both have use cases. Blockmodo adds in social, video, and community data, presenting a more holistic picture of how the markets are performing and why. Coinratecap, meanwhile, provides real-time price updates and also adds a handy list of the top 100 crypto exchanges.

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