Which Bitcoin Debit Card Should I Choose?

THE GAME OF BITCOIN DEBIT CARDS

TheMerkle_Bitcoin Debit Card

Anonymity is an appealing factor in the world of Bitcoin debit cards, although it can be much harder to come by than most people assume. Cryptocompare has put together a comprehensive list of which card offers what, and it appears CoinsBank – formerly Bit-x – is the clear market leader with their Anon Card. It is interesting to note this card is available in EUR, USD, and GBP, and will cost 24.90 in the respective currency.  Top-ups will take place instantly, which is an bonus.

Xapo, one of the most well-known companies in the Bitcoin debit card sector, offers Medium anonymity. Their cards are available in the three aforementioned fiat currencies as well and are slightly cheaper with a US$18 price tag. Fees are also slightly lower – based on the CryptoCompare information – and makes for an attractive solution for people looking to spend digital currency more conveniently.

WageCan is a company which recently entered the Bitcoin debit card, and they offer the same level of anonymity as Xapo. However, these cards have no monthly fee, albeit the cost per card is US$30. Moreover, this card can only be obtained denominated in USD, which means international users will have to worry about conversion fees as well.

Source: Which Bitcoin Debit Card Should I Choose?

Brave’s BAT Pre-Sale ICO May Have Comprised the Sale of Unregistered Securities

A discussion pertaining to the legality of ICOs is overdue. With a flood of new projects entering the markets recently, developers are seemingly printing money out of thin air in the form of cryptographic tokens on a weekly basis, which are then passed onto greedy investors seeking to find the next big crypto. With ICOs raising almost half a billion USD in the last 2 years, it is unsurprising to see the SEC taking an interest in the current ICO landscape.

A recent article posted on Medium has sought to argue that Brave’s BAT pre-sale ICO and others like it may comprise the sale of unregistered securities, and are thus illegal.

Continue Reading

Also Read:

SEC may be Looking for Ways to Regulate the Cryptocurrency ICO Market

Legality of Basic Attention Token and Other ICOs Called Into Question

$150 Million: Tim Draper-Backed Bancor Completes Largest-Ever ICO – CoinDesk

An initial coin offering (ICO) for a blockchain project called Bancor has set a new industry record, raising approximately $153m in ether, the native currency on the ethereum blockchain, as part of a crowdsale that concluded today.

Data shows a smart contract connected to the sale had collected more than 390,000 ether by the time it ended at 18:00 UTC, an amount worth $152.3m at current prices. As such, the figure is higher than even the funding raised by The DAO, the notorious failed fundraising project that made headlines last year when it lost the millions of the $152m in investor funds it raised in a similar sale.

Overall, 79,323,978 Bancor network tokens (BNTs) were created as part of the ICO, with the top token holders now possessing 83.96% of the tokens, or 66,601,702 BNT. Fifty percent of the total tokens, or 39,661,989 BNT, were sold to the public, while the remaining 50% were allocated for future use.

The ICO attracted 10,885 buyers, according to available data, with more than 15,000 transactions sent to the address for purchases during the sale. One buyer went so far as to purchase 6.9m BNT, or roughly $27m, in the sale.

Launched in 2017, Bancor, overseen by the Bprotocol Foundation, has been pitched as a platform designed to make it easier for users to launch their own blockchain tokens.

Of the remaining funds, a blog post by the company states token capital will be directed toward partnerships, community grants, public bounties and project advisors.

Issues with the sale

As with past sales of this kind, the ICO was accompanied by reports that the ethereum network faced significant transaction loads, resulting in delays for buyers.

However, the project itself was adversely affected by long wait times on ethereum.

According to the Bancor website, an initial funding target was set at 250,000 ether, though this figure was not hard-coded into the smart contract deployed. As a result, a transaction sent on the ethereum blockchain in an effort to change the contract and limit the crowdsale in length did not work as desired.

Due to network disruption and delays holding up this transaction, the company said the crowdsale ended up continuing longer than initially desired. Overall, it lasted an two additional hours as a result of the delay.

Posts on social media further suggest that at least some users saw transaction issues during the sale. One thread on Reddit drew complaints about transactions being dropped as long as 35 minutes after they were sent to the ICO address.

Some participants who spoke to CoinDesk also said that they had experienced delays in transacting, including one who had issues moving their ethers off an exchange for the purposes of participating in the ICO.

One exchange operator went so far as to argue that the ICO had increased transaction congestion, colorfully remarking that larger ether buyers were disrupting the sale.

Source: $150 Million: Tim Draper-Backed Bancor Completes Largest-Ever ICO – CoinDesk

Blockchain, Crypto ICO Funding Gains Popularity Amongst Investors

Initial Coin Offering (ICO) funding, a means of raising funds from the crowd for a new cryptocurrency or blockchain venture, grew quickly throughout 2016 and Q1’17, while traditional venture funding to blockchain companies fell progressively over the same period.

28% of total early-stage blockchain funding came from ICOs over the past four quarters, a figure that’s continuing to grow, according to CB Insights. In Q1’17, 37% of all blockchain funding came through ICOs.

ICO activity significantly picked up in 2016 with US$78 million being raised by cryptocurrency and blockchain startups that year (excluding Q2’16’s US$150 million failed ICO by The DAO). Notable ICOs in 2016 include ICONOMI (US$10 million), SingularDTV (US$7.5 million) and Waves (US$15.5 million).

ICOs VC Funding 2016 2017

Source: Blockchain, Crypto ICO Funding Gains Popularity Amongst Investors

Faith in Bitcoin Remains Despite Block Size Debacle – Bitcoin News

Among the hullabaloo and escalating fear about a potential hard fork, the price of bitcoin swelled to $1212 on April 10, according to Bitcoin.com’s price index. People still have faith in digital gold. 

Also read: Mexico’s New Bill Could Be a Game Changer for Bitcoin

Nonetheless, this seems like an unprecedented rise in price. The community is still immersed in the tumultuous challenge of finding a solution to the block size dilemma. Some would think the resultant FUD would have caused investors to dump their holdings, inspiring a downward trend in price.

Faith in Bitcoin Remains Despite Block Size Debacle
The price of Bitcoin, a week ago.

The reverse is true, though: there has been healthy bitcoin trading on the market at the onset of April. A Crypto-Time article pointed out that the growth of Bitcoin this month coincided with marked “profits” in the Bitcoin space, which garnered attention of more speculators and investors.

This would make sense from a nontechnical perspective. Some investors may not understand all intricacies of Bitcoin. They might take risks without having full mechanical acumen of the cryptocurrency.

Everyone still trading, still hoarding; Bitcoin ATM’s

With that said, market actors with knowledge of Bitcoin are still trading, keeping, or hoarding the currency. If they would have thrown in the towel, the price would have started a downward spiral. This means that people still have faith the block size problem can be resolved without incident.

In addition, the price hike also comes on the heels of the downward trend spurred by SEC refusal to list a bitcoin exchange-traded fund, meaning that market actors aren’t concerned about political action either.

There is also other good news in the Bitcoin space. Even though the scaling debacle has caused some people to shake in their boots, there is more evidence that faith remains in Bitcoin.

On March 2, Razor-Forex.com penned an article that suggested Bitcoin ATM installations are still on the rise, and that coinatmradar.com reported that 53 new ATM machines were installed in a variety of different countries in March. However, Razor-Forex added:

Source: Faith in Bitcoin Remains Despite Block Size Debacle – Bitcoin News

Markets Update: Bulls Test the Psychological $1200 Price Range – Bitcoin News

This week in bitcoin-land has been pretty dramatic and entertaining, to say the least. As far as price is concerned bitcoin has had an incredible week escalating into new price territories. At press time the current price per BTC is $1188 taking a slight dip after yesterday’s $1202 high across global exchanges. Currently, there is heavy resistance in the psychological $1200 range as there are quite a bit of sell walls throughout exchange order books looking at depth charts. There has been plenty of plays for day traders looking for breaks and scalps if positions were played right.

Markets Update: Bulls Test the Psychological $1200 Price RangeTechnical indicators show bitcoin’s price is still a buyer’s market with the price still ascending upwards early morning on April 7. The 100 Simple Moving Average (SMA) shows the same patterns as the past two weeks trending higher than the 200 SMA trendlines. Future markets and throughout various trading forums show many traders are still betting “long” as opposed to trying to short the market. However, others believe technical indicators show the price may be in overbought territory. At the present time, the Relative Strength Index (RSI) indicates sellers may consolidate in the near future, but there seems to be a significant floor around the $1150 mark.

Markets Update: Bulls Test the Psychological $1200 Price Range
Trading View trader “Zippy1day’ BTC weekend outlook is “long.”

Cryptocurrency Markets Weekly View

Markets Update: Bulls Test the Psychological $1200 Price RangeOverall cryptocurrency market capitalizations have now reached $27.3 billion with 860 million in daily trade volume. Bitcoin’s market share dominance is close to 70 percent at the time of writing among the 693 cryptocurrency capitalizations. Currently, throughout the top ten forerunning digital assets most altcoins on the list have dipped in price. Ethereum’s price has dropped to a low of $43 per ether and captures close to a $4 billion market cap. Ripple’s (XRP) price had an exciting ride this past week reaching an all time high of 6 cents per XRP. However, the same day Ripple’s price also took a 50 percent cut and now sits at 3 cents a token.

The number four highest valued altcoin Dash has seen better days. Currently, the price per Dash has hit a low of $66 per token as many traders seem to be shorting the market. Litecoin’s (LTC) market value has had a stellar week reaching a high of 11.50 per LTC, but the price has since dipped to $9. Just as we said last week, the price rise seems to be attributed to Segwit activation as the digital currency’s network seems close to implementing the protocol.

The rest of the top ten cryptocurrencies Monero, Ethereum Classic, NEM, Augur, and Maidsafe coin are experiencing dips between 7 to 3 percent. Altcoins such as Golem, Zcash, and Tether have been steadily trying to enter the top ten race.

Source: Markets Update: Bulls Test the Psychological $1200 Price Range – Bitcoin News

Lots of Data in Cambridge University’s First ‘Global Cryptocurrency Benchmarking Study’ – Bitcoin News

Selwyn_College_Old_Court_Panorama_from_North-West_cornerSponsored by Visa, the research is conducted by Cambridge University Judge Business School’s Centre for Alternative Finance. Even though there are over 300 academic articles published on Bitcoin and other cryptocurrencies over the past few years, the report claims that they “tend to take a narrow focus.” This study is the center’s “inaugural research focused on alternative payment systems and digital assets,” the report reads. “It is the first study of its kind to holistically examine the burgeoning global cryptocurrency industry and its key constituents, which include exchanges, wallets, payments and mining.”

The research is based on non-public data from 114 cryptocurrency organizations and individual miners in 38 countries globally. Four surveys were conducted online, from September 2016 to January 2017. Report authors, Dr. Garrick Hileman and Michael Rauchs, wrote:

We estimate that our benchmarking study captured more than 75% of the four cryptocurrency industry sectors covered in this report.

Below are just some highlights of the report’s findings.

Source: Lots of Data in Cambridge University’s First ‘Global Cryptocurrency Benchmarking Study’ – Bitcoin News

Ripple Streamlines International Banking Transfers.

I’ve been getting an increased amount of clients wishing to pay for my services in Bitcoin which I do accept however converting the Bitcoin into USD’s then transferring the funds from my Bitcoin exchange to my US checking accounts has been a major, and I mean major pain in the ass. I’ve been accused of money laundering, had funds frozen and what should be 1 day bank wires taking weeks to process. Not my client’s problem since I agreed to accept Bitcoin. None of my subcontractors that I use to complete the work for the clients will accept them so I’m stuck in the middle with all this Bitcoin I can’t touch. Well I found this company today which, if true to their promise, will mak my life much easier.

More information here