Newly Launched Keyport Platform Enables BCH-Powered Encrypted Messaging

The application Keyport is a platform that utilizes the Bitcoin Cash (BCH) network’s OP_Codes and allows users to send and accept encrypted messages built on top of the BCH chain and the Toku protocol. The new platform Keyport was created by Atlantislabs and it allows anyone to message each other in an encrypted fashion while communications are saved to the BCH chain in an OP_Return transaction and only the recipient can decrypt the messages.

Also Read: Markets Update: Digital Currency Market Bulls Push Back After Decline

Keyport: An Encrypted Messaging Application Built On Top of the Bitcoin Cash Blockchain

This week bitcoin cash proponents are now able to test a new encrypted messaging application that’s powered by the Toku protocol and the BCH blockchain. The beta platform Keyport is available on the Google Play store and the team also published a video demo to give people a glimpse at how to use the application. News.Bitcoin.com spoke with the co-founder of Atlantislabs, Shravan Shandilya who told us about the new platform.

“Keyport is a peer to peer messaging app that is built over the Bitcoin Cash blockchain. Messages are encrypted and embedded in the OP_Return of a transaction — Only the intended recipient can decrypt your chats. For each message, you will need to transfer dust and a small miner fee,” explains Shandilya.    

As the protocol is built over the decentralized blockchain, third parties cannot intercept or block your chats such as what is being done to messaging apps like Telegram — The protocol can be extended to enable future privacy, by generating one-way ephemeral secrets.

The Bitcoin Cash Protocol is Uncensorable and Decentralized, and those are the Necessities for a Private Messaging App

Shandilya explains that he founded the Keyport project with his partner Sumanth Neppalli and both of them are huge Bitcoin Cash maximalists who believe that innovation has been stifled by the Bitcoin Scaling debate for so many years. Shandilya says that they had been exploring different ways to increase adoption and initially built a payment gateway that accepted 0-confirmation transactions.

“What we observed was that merchants already had payment gateways and we should look at other ways to increase user adoption — Around the same time, we observed that censorship on multiple platforms such as Twitter, Reddit has become rampant. We saw firsthand that when information is controlled as in the case of the bitcoin subreddit, people cannot see the other perspective,” Shandilya tells news.Bitcoin.com.  

Governments have been successful in banning end to end encryption protocols like Signal — The rise of alternative media suggested that people were trying to get information out but were being censored by social networking sites, payment gateways, media sites etc.  We thought that the Bitcoin Cash protocol could solve this problem as it is uncensorable and decentralized and those are the necessities for a private messaging app — We were also inspired by Dr. Wright’s paper on “Secret Value Distribution.”

The Keyport development team has a Telegram group so users can give the team feedback and report bugs. The team says they are inviting any developers interested in working on the project and they plan to open source the code and “release for iOS in near future.”    

“We are working on open sourcing the code for the messaging service and will do so soon — Anyone can build over the protocol to create bots, sticker packs etc., and we believe that messaging over Bitcoin is going to unleash a lot of creative applications,” Keyport emphasized.

What do you think about

Bchpls.io Enables Free Bitcoin Cash Point-of-Sale Platform

There’s a new Point-of-Sale (PoS) service the Bitcoin Cash community has been talking about called, Bchpls.io, an app that enables any brick n’ mortar merchant to accept BCH with just two devices by providing a customer screen, and a cashier view. Bchpls is currently in open beta which means the public can test the software at their own discretion, so news.Bitcoin.com decided to test the program’s feature services.

Also read: Chinese Exchange Launching Southeast Asian Crypto Trading Hub

Giving the New PoS System Bchpls.io a Test Run

This week we decided to test out a new PoS system specifically designed for merchants who want to accept Bitcoin Cash (BCH) at any physical location. The application called Bchpls.io is free, and there are no servers needed as all it takes is an internet connection and two devices (cashier & customer). Merchants can accept the funds into any wallet of their choice and set up the name of their business on the invoice. Funds are sent to a one-time-only address as a new address is used for each sale so incoming revenue is kept private.

Setting Up a Store Name and Fiat Currency Pair for Pricing

When entering the website users are greeted with a purple-orange themed page that asks the user to sign up. After hitting the register tab the merchant enters a valid email address and sets a strong password to set up their account. The next screen asks the merchant to add the store name and the fiat currency they wish to use to calculate BCH invoices. Following this step the user has to tether a Bitcoin Cash wallet to the store account and Bchpls uses the Xpub (extended public keys) to generate a receiving address on the cashier side.

Tethering a Wallet to Bchpls.io With Extended Public Keys

Using the Bitcoin.com Wallet simply create a new wallet with the store’s name and go to the section called “wallet information.” The next screen will reveal the BCH wallet’s Xpub keys, after scrolling down to the bottom. Tap the Xpub section and the Bitcoin.com Wallet will automatically copy and paste the extended public keys. Paste this text into the Bchpls page where it says ‘derivation path,” and hit next.

After that, the merchant is all set, and a page is created which shows information for an access key, cashier screen, and the customer screen. Both screens provide a URL with a QR code created on the invoice page. Unfortunately, there is no address section yet available to copy and paste, as the invoice only supplies a QR code that needs to be scanned.

After the merchant set-up is complete the account holder simply registers a sale on the platform which calculates a new invoice every time. Merchants can also cancel the invoice as well before it is paid just in case there happened to be an error during the process.

The Softwares’ Roadmap and Monetization Plans

The Bchpls developer explains in the future they plan to monetize by adding custom features or the “ability to operate more than one PoS session at the same time.” Down the line, Bchpls plans to add products management, custom designs, receipts, multiple PoS, and a merchant directory.

Currently, the beta program is not open source nor does it offer a client-side (trustless) option but the developer says he will provide these things soon.

“This is not available on Github at the moment — It is currently a hosted service — The site does not store any private keys or BCH on your behalf,” explains the Bchpls developer.

Markets Update: Bear Market Adds Cryptocurrency Trading Uncertainty

Cryptocurrency markets have had a rough week over the last seven days as many digital assets lost quite a bit of value that most coins had gained two weeks prior. Currently, markets are seemingly consolidating and have remained somewhat stable over the last 24-hours. At the moment Bitcoin Core (BTC) values have been hovering around $7,470-7,560 during the last few hours. Meanwhile, Bitcoin Cash (BCH) prices are steadily holding just above the $1K region at $1,038 per BCH at the time of publication.

Also Read: Bank in Argentina Launches BTC Settlement Services

A Crazy Volatile Week in Crypto-Land Filled With Lots of FUD

It’s been another crazy week in the world of cryptocurrency markets as most of the recovered gains most digital assets gathered from three weeks ago have been erased. Trade volume has been considerably low for nearly every market as the $13Bn worth of trades is less than half the volume we saw two weeks ago. Many cryptocurrency enthusiasts witnessed the U.S. Department of Justice (DoJ) initiated a probe earlier this week that aims to look for manipulation in Bitcoin market values. Interestingly enough those watching order books watched thousands of cryptos being sold at market rates just before the mainstream media announced the DoJ probe, which to some traders that phenomenon indicated actual manipulation from the very organization’s initiating the probe.    

Cryptos have been in a bear market since the year started. Bitcoin Cash Market Action

Bitcoin Cash markets have been seeing some losses over the past few days since our last markets update. Today’s trading sessions show BCH prices hovering around $1,038 as the past 24-hours have seen a drop of about 1 percent. Over the last seven days, BCH markets are down 13 percent with today’s trade volume hovering around $538Mn. Top exchanges trading the most BCH on May 26 are Okex, Hitbtc, Lbank, EXX, and Huobi. The top currency swapped with BCH today is BTC as the asset captures 44.8 percent of trades today. This is followed by tether (USDT 29.9%), USD (15.5%), KRW (7%), and the ETH (1%).

BCH/USD Technical Indicators

Looking at the 4-hour and 1-day charts for Bitfinex (BCH/USD) shows some mixed signals and deep consolidation. Right now RSI levels are around 39, showing oversold conditions, and the MACd shows convergence around -5 revealing momentum may pick up today. However, the two Simple Moving Averages (SMA) trend lines are still spread with the 100 SMA below the long-term 200 SMA. This indicates a continued bearish outlook as the path to resistance looks to the downside.

May 26, 2018, BCH/USD Bitfinex.

Bulls have eaten through lots of resistance over the past 24 hours and need to push past $1,070 for smoother seas. The next pitstop will be around $1,125 as BCH bulls will need to break this zone. If the bears continue relentlessly beating crypto-markets there are some solid foundations on the backside of BCH order books. Going downwards we will see pit stops at 950 and 900 per BCH if prices happened to drop that low going forward. Beyond that books become much thinner.

The Top Cryptocurrency Market Performances This Weekend

Overall most cryptocurrency markets are seeing some slight recovery today and consolidated behavior. Bitcoin Core (BTC) markets are up a hair at 0.61 percent for the intra-day but over the past seven days, markets are down 8.8 percent. BTC’s current weighted price average is $7,560 as BTC bulls are trying to break above current resistance. The second highest market cap held by Ethereum (ETH) is up today 0.42 percent and the price hovers around $605

Darknet Market Rapture Has Been Down for a Week — Users Grow Leery

The website Rapture Market has been down for well over a week for users who frequent the darknet, causing concern that another DNM has committed an exit scam. Currently, the market’s customers and some vendors are freaking out as the online marketplace was gaining in popularity and enjoying solid ratings with decent uptime. However, Rapture Market hasn’t been around for very long and people are starting to believe another DNM has bitten the dust for a number of speculated reasons.

Also read: Darknet Markets: Learning How to Get There is Half the Battle

Darknet Marketplace Rapture Becomes Unavailable for Over a Week—Users Begin to Worry

It has been over eight days since the Rapture Market and its associated forums have been online, and patrons are growing concerned. According to the Deep Dot Web publication, the market is suffering from downtime and its 98 percent uptime rating has dropped to 97 percent. The marketplace hasn’t been around for as long as elder markets like Dream, and Wall Street, as Rapture was created this past January. Since the inception of Rapture, the market has received very good reviews and had a ‘trusted vendors’ referral system and affiliate program, alongside over 500 narcotic listings and other materials. Rapture accepted both Bitcoin Core (BTC) and Monero (XMR) and incorporated a forum and messaging system which have also been non-operational for over a week.

The Rapture darknet marketplace established in January 2018.  Lots of Speculation, While Reliable DNM Information Is Harder to Gather These Days

These days it’s harder to find out information on the reputation and whereabouts of DNM vendors alongside down darknet markets since Reddit recently removed the most popular DNM forum. However, patrons searching for information about Rapture’s demise are still communicating through the r/darknetmarketnoobs subreddit and other areas on the clearnet.

“Has anyone been in contact with any staff or is there a Rapture PGP signed message about downtime?” One Rapture patron writes on May 15. “I’ve looked but couldn’t find anything. It’s been down a day and a half now, just wondering if anyone knows if its legit downtime or possible exit scam?”

Some Rapture users said the site will return soon and also revealed that the webpage was suffering from DDoS attacks, among other issues. After a few months of decent reviews on the website Deep Dot Web, a bunch of new reviews appeared last week, with people asking why the DNM was not available.

The Deep Dot Web’s DNM chart shows Rapture is down and unresponsive.

“The market is under DDoS owners are trying to get it back up no need for panic,” a user writes four days ago. The very last reviewer explains they have ‘inside’ information on why the site is non-operational and states:        

For security reasons I can not reveal how I have this information but I have very credible sources and the site is fixing some bugs and taking the market offline; bugs are minor but there are a few so it is better to take offline and take care of them all at once. So just chill out it could take a couple of weeks to fix according to sources but the market may be online before then but I do not have that information.

The DNM ‘Exit Scam’ Is the Oldest and Most Lucrative Tricks in the Book

No one has any solid information about the exact reasoning Rapture is down and annoyed patrons are therefore speculating. As usual the ‘exit scam’ is always the most dominant theory. An exit scam is when

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

After delving into the world of cryptocurrencies one can see that good majority of digital asset proponents are big fans of privacy and anonymity. Just recently a spreadsheet document was published that lists the top privacy-centric coins and the various differences between them. The paper called “Privacy Coin Matrix,” allows enthusiasts to see a comprehensive list of cryptocurrency networks that focus on promoting financial privacy.

Also read: Marvel, The Simpsons Go Crypto

Introducing the Privacy Coin Matrix

A Google Docs’ spreadsheet has been recently published on the wide variety of cryptocurrencies that aim to bolster financial anonymity. The paper is very comprehensive and includes various details about each coins’ attributes strewn across a very long spreadsheet. Coins that are present in the ‘Matrix’ spreadsheet include Bitcoin Core (BTC), Monero (XMR), Zcash (ZEC), Dash, Verge (XVG), PIVX, Bitcoin Private (BTCP), and more. There are a total of twenty cryptocurrencies listed, alongside some relatively unknown coins like Zoin (ZOI), and Colossus Coin (COLX). There are a bunch of privacy-centric coins missing from the list as well such as anon tokens like Boolberry (BBR), and Bitcoin Dark (BTCD).

There are fourteen separate sections that distinguish each coin such as the asset’s summary, features, resources, trading, supply and distribution, wallets, and privacy benefits. With each section summarizing the protocols’ features it can give a reader an in-depth look at how much privacy these networks actually give to users. For instance, in the ‘privacy’ section, readers will likely get the most information concerning anonymity methods. Both Bitcoin Core (BTC) and Ethereum (ETH) mentioned in the list fail miserably when it comes to nearly everything privacy related.

Some Coins Offer Very Little Privacy, Scaling is Dependent on Unfinished Second Layer Solutions, and Others Have No Wallet Support

The lists details that other coins such as Monero, Zash, Particl, Bitcoin Private, Zencash, Zclassic, and Sumocoin obfuscate a recipient, and a senders’ transactions with certain features. Anonymity protocols these coins use are methods like ring signatures, stealth addresses, and zsnarks (zerocoin). According to the Matrix spreadsheet many of the other coins mentioned like Dash, and Colossus show no cryptographic privacy, and they depend on techniques like Coinjoin. Further, the list also details whether or not the coins have an auditable supply and a trusted setup.

The coins’ ability to scale is also a section worth reading as it shows which cryptocurrencies have begun to scale through forks, and others waiting on technologies like Lightning to come to fruition. Other technologies mentioned in the scaling section include masternode protocols, bulletproofs, and other second layer options. Lastly, some of the coins mentioned have wallet implementations across most clients created within the industry, while other coins have very little wallet support making utility very difficult for coins like Phore, Zoin, Colossus, Spectrecoin, and Sumokoin.

Matrix List Cuts Through the Anon-Coin Hype

Besides this list, there are more anonymity focused cryptocurrencies in existence that claim to provide significant privacy for users utilizing these networks. However, the Matrix spreadsheet cuts through all the anon-coin hype, headlines, and shilling taking place across the web by separating features, attributes, and facts, into a list of things cryptocurrency proponents care about.

What do you think about the Privacy Coin Matrix spreadsheet? Are there privacy coins that you didn’t see mention in the Matrix list? Let us know your thoughts on this subject in the comments below.

Images via the Matrix, The Wachowski Brothers, and the Matrix spreadsheet. 

Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around

A Look at the Credit Card Shaped Hardware Device Called ‘Coolwallet’

Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new ‘Coolwallet S,’ the wallet can be hidden very easily alongside the option of being carried effortlessly in your back pocket.

Also read: Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking

The Credit Card Size and Shaped Coolwallet S Cryptocurrency Hardware Wallet

Coolbitx is a Taiwanese financial-tech company founded by Michael Ou in 2014 that creates digital asset hardware wallets as well as smart contract development platforms. Back then the wallet creators started an Indiegogo campaign featuring the credit card shaped hardware wallet that allowed the secure storage of bitcoin private keys. During the Indiegogo campaign, the team raised $21,686 USD through 184 backers, 108 percent of their goal. Moreover, the startup Coolbitx is backed by firms such as Bitmain Technologies, SBI Holdings, Kyber Capital, Midana Capital, and more.

The Coolwallet S specs.

Basically, the Coolwallet S is the size of a traditional credit card at roughly 85.60 × 53.98 mm with rounded corners. It has a display on the upper left side which shows the wallet’s data like sending and balances. The creators of the Coolwallet S device claim that cryptocurrencies are held in an isolated offline environment and the card’s tactile button ensures an owner’s two-factor authentication process. The Coolwallet S holds five popular digital assets such as Ethereum (ETH), Bitcoin Core (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and an assortment of ERC-20 tokens.

What you get for $189 USD. Coolwallet is NFC & Bluetooth Compatible and Also Works With Mobile Phones

The wallet developers have made the card flexible, waterproof, and fire resistant as well. The Coolwallet S syncs data via encrypted Bluetooth technology and its NFC (Near Field Communication) charger powers the device with its own power dock. Moreover, the new Coolwallet S can be tethered to a mobile application for Android and iOS devices.

“Keep it private, keep it safe, keep it Cool,” says the Coolbitx developers.

Have total, end-to-end control over your cryptocurrency with an EAL5+ certified Secure Element microchip on a tamper-proof physical device.

The Coolwallet S is a bit more expensive compared to other hardware wallets on the market like Keepkey, Digital Bitbox, Trezor, and Ledger. The Coolwallet S costs $189 but users can purchase a ‘Duo’ package for $299. One thing we noticed when proceeding to the checkout is the wallet has to be purchased with a credit card, as there was no option to pay for this product with a cryptocurrency. This post will be followed up with a step-by-step review of the Coolwallet S as soon as our device arrives.

What do you think about the Coolwallet S hardware wallet? Let us know what you think about this device in the comments below.

Disclaimer: Bitcoin.com does not endorse this product/service. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its 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 via the Coolwallet.io website and Pixabay. 

Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website. They’re pretty cool, and

Markets Update: Digital Assets Show Recovery After the Past Three Days of Dips

Digital asset markets are doing some healing during the past 24-hours of trading after touching some lows the day prior. At the moment the entire cryptocurrency market capitalization of all 1,600+ tokens is around $377Bn with around $16Bn worth of 24-hour trade volume. Bitcoin Core (BTC) markets are up 2.3 percent averaging $8,314 per coin while Bitcoin Cash (BCH) prices are up 1.5 percent at around $1,180 per BCH.

Also read: “Stablecoin” Trueusd Pumps After Binance Listing

The Week-Long ‘Consensus Pump’ Never Came to Fruition

The mid-May ‘blockchain week’ Consensus pump never materialized last week even though there was plenty of positive cryptocurrency news. During the course of the week, most digital assets in the top 500 lost a good portion of gains. This weekend is a different story as a bunch of markets are seeing some recovery from the dips. Bitcoin Cash markets are up 2.3 percent averaging roughly $1,188 per BCH at the time of publication. The decentralized currency’s 24-hour trade volume has dropped considerably to $683Mn which doesn’t give traders hope for a bigger weekend push. The top five exchanges swapping the most BCH today include Okex, Huobi, Hitbtc, Lbank, and EXX. BTC pairs with BCH has increased significantly as BTC represents 41 percent of today’s BCH trades. This is followed by tether (USDT 30%), USD (13%), KRW (11%), and the Euro (1.2%).

BCH/USD prices on May 19, 2018. BCH/USD Technical Indicators

Looking at the BCH/USD four-hour charts on both Bitstamp and Bitfinex shows bulls need to muster up more strength to break upper resistance. The two Simple Moving Averages (SMA) still have a gap with the 100 SMA above the 200 SMA indicating a good path to the upside. However even though there is a gap it looks as though the two trend lines may cross hairs shortly. RSI oscillator levels point towards an oversold region at 38, and the MACd indicates there will be improvement shortly as well. Looking at the order books towards the upside shows bulls have gigantic sell walls to eat through between the current vantage point and $1,250. On the back side if the BCH bears remain in power there are still some solid foundations between now and $1,130. Traders are looking out for some deeper consolidation before the next breakout as positions currently look like musical chairs at the moment.

BCH/USD prices on May 19, 2018, Bitfinex $1,880 per BCH. The Top Digital Currencies See Some Recovery

Overall most cryptocurrencies today are in the green and nurturing the market wounds from the past 72-hours. Bitcoin Core (BTC) prices are doing decent rebounding today at $8,318 per coin but trade volumes are also low at $5Bn. Ethereum (ETH) the second highest valued market cap is doing very well as markets are up 4.3 percent. One ETH is trading at $708 during Saturdays mid-afternoon trading sessions. Ripple (XRP) prices are up 2.1 percent as each XRP trades at $0.68 cents. Lastly, the fifth position held by EOS is doing the best out of the top five contenders as EOS prices are up 5.6 percent — a single EOS today trades for $13.13 per token.

The Verdict: Bullish Optimism Wanes

Optimism is there among cryptocurrency traders and enthusiasts but people are becoming skeptical of the positivity and those predicting bullish pumps. Of course, while the dips take place traders are finding shelter in Tether, and True USD while they wait out the storm. For now, there’s a whole lot of consolidation happening until traders decide when the next big move happens which could go either way at this vantage point.

Blockstack Launches Decentralized Applications Store

The project that’s building a network for decentralized applications layer for the internet, Blockstack, has announced the launch of a new universal Dapp (decentralized application) store called App.co. The aggregated list of roughly 138 ecosystem-wide applications that offer utility by harnessing the benefits of decentralized technologies like blockchain, cryptocurrencies, IPFS, Zeronet, and more.

Also read: EU Adopts Rules to Reduce Anonymity for Crypto Users

App.co: An Aggregated List of Decentralized Applications

One thing is for sure the internet is heading more and more towards a decentralized path every day. The team over at Blockstack project aims to make this technological trend and advancement flourish with their own systems and collaborating with other Dapps. This week Blockstack released its Dapp store called App.co which features a bunch of platforms tethered to the decentralized ecosystem.

“Whether you are downloading Metamask to use an Ethereum dapp, or logging in with a Blockstack ID and granting a dapp access to your encrypted data storage hub, inherent to all these dapps is the true ownership of your data,” explains Blockstack.

Dapps link developers and users directly, without middlemen hosting software or managing user data — We believe it is critical to drive everyday users to dapps that are ready for widespread adoption — That’s why we’re announcing the first ecosystem-wide, universal Dapp store.

Currently, Blockstack’s List Has 138 Dapps

The Blockstack Dapp store shows a wide variety of applications that do things like decentralized instant messaging, social media, developer tools, games, marketplaces, exchanges, and more. Dapps included in the store are Kyber, Yours, Ethlend, Cryptokitties, Peepeth, Stealthy, Steemit, Openbazaar and many more platforms.

There are 138 Dapps on the store at the time of publication and creators can submit their platforms for review to get on the webpage. Decentralized networks used by some of the applications include Ethereum, Bitcoin Cash, Steem, Inter-Planetary File System (IPFS), Matrix, Bittorent, and others. Additionally, in the future, Blockstack hopes the App.co Dapp store will be as decentralized as the apps it hosts. The New York-based company states:  

Blockstack Public Benefit Corporation is curating and maintaining this Dapp store initially, but eventually we plan to include user ratings to rank dapps across the ecosystem — We want to democratize dapp development, and reward developers for great user experiences.

“Decentralized apps represent the many doors people can walk through to enter the decentralized Internet. Each user may be enticed by different doors, depending on what they’re interested in or what they need fulfilled,” explain the Blockstack founders Muneeb Ali and Ryan Shea.

What do you think about the Blockstack Dapp store? Let us know what you think about the store in the comments below.

Images via Shutterstock, Blockstack, and App.co. 

Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

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Cryptocurrency Brokerage Service Genesis Global Granted Bitlicense

On May 17 the Digital Currency Group initiative and Over-the-Counter (OTC) cryptocurrency service, Genesis Global Trading, announced that Genesis was recently granted the New York state Bitlicense. The company that provides OTC solutions to institutional buyers can now operate freely in New York — A territory that many call, ‘the financial capital of the world,’ as Genesis aims to provide significant BTC, BCH, ETC, LTC, ZEC, XRP, and ETH liquidity in the state.

Also Read: Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features  

DCG Backed Genesis Global Trading Granted New York State Bitlicense

Genesis Global Trading has announced the firm has been granted the Bitlicense, and the company will be allowed to operate in New York with other approved businesses such as Coinbase, Circle, and Itbit. The New York Department of Financial Services (DFS) approved the company and provided Genesis with the Bitlicense — which will allow the firm to trade the various digital assets it holds with institutional investors. Before the company was granted the Bitlicense the firm operated under the DFS “safe harbor” provision.

Genesis was launched in 2013 and is backed by the venture capital organization the Digital Currency Group (DCG), a firm founded by Barry Silbert. The company is a regulated cryptocurrency OTC dealer that “provides access to institutional investors and high net worth individuals looking to buy or sell large sums of digital currencies.” Genesis has offered deep pools of liquidity, 24-7 trading, and same-day settlement since the company’s inception.

“We are very pleased that DFS has approved the Genesis Global Trading BitLicense application,” said Michael Moro, CEO, Genesis Global Trading.

Although we have operated under a safe harbor provision in recent years, today’s decision is an important step forward and reaffirms the robust compliance measures we have enacted as an established trading partner.    

Barry Silbert Hopes More Cryptocurrency Businesses Are Approved in NY Barry Silbert.

To use the Genesis platform, traders have a $75,000 USD minimum deposit, and all users are subject to AML and KYC regulatory guidelines. In addition to being an approved brokerage service that can sell Bitcoin Core (BTC), the DFS has also approved to procure Zcash (ZEC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC). Genesis also states the firm is also registered with the Securities Exchange Commission (SEC) and Finra as well.

The Digital Currency Group’s founder Barry Silbert was excited for Genesis commenting on the subject over Twitter.

“Congrats to the team at Genesis Trading on being granted a Bitlicense, joining Coinbase Circle, Ripple, Bitflyer USA, and Itbit,” Silbert states.

 

Hoping to see the NYDFS ramp up their licensing pace so that NY does not continue to fall behind.

What do you think about Genesis Global Trading receiving the Bitlicense? Let us know your thoughts on this subject in the comments below.

Images via Shutterstock, Twitter, and Genesis Global.

Want to see all those Memo posts and OP_Codes in the BCH Chain? Check out Bitcoin.com’s Block Explorer today! 

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Meet Akari-Pay: The BCH-Powered Website Payment Platform

On May 17 the Akari Global Foundation, an organization that aims to promote the increased adoption of Bitcoin Cash (BCH), launched a payment platform for BCH acceptance called Akari-Pay Advanced. The launch of Akari-Pay reveals a one-file BCH payment/donate page that doesn’t require any coding knowledge to utilize the platform.

Also read: Federal Reserve Pres: People Want Dollar, Not Volatile Crypto

Akari Global Foundation Launches Akari-Pay, a One-File Bitcoin Cash Payment/Donate Page

There have been lots of developments happening throughout the BCH community over the past 48 hours since the last upgrade. Now the Akari Global Foundation is helping push BCH adoption to the masses with its new BCH-based payment gateway. Akari says its mission is to help reduce the world’s economic oppression and increase freedom by leveraging the Bitcoin Cash network. Akari believes BCH offers many benefits most other cryptocurrencies cannot such as micropayments, low network fees, immutability, near instant settlement, and no chargebacks. The latest payment platform called Akari-Pay makes it easy for anyone to accept BCH payments or donations with a simple platform that doesn’t require a bunch of technical knowledge.

“‘Akari-Pay Advanced’ for Bitcoin Cash, an extension of akaripay, has now been released,” explains the Akari Global Foundation.

Raise funds for any project or goal using Bitcoin Cash — Simply self-host your donation page on your website — Easily link to it anywhere, use our included ‘donate buttons,’ if you wish.

The Open Source Akari-Pay Is Free and Allows Customizable Themes  

In order to utilize the open source Akari-Pay protocol, users simply follow the instructions via the organization’s Github repository. Akari-Pay allows individuals and businesses to title and run a self-hosted BCH-centric funding page. Users can also specify a short description of why someone would donate or use the hosted BCH payment button. Additionally, Akari-Pay allows the user to set a goal that includes a graph, live updated donation count, and other features. Moreover, individuals and businesses using Akari-Pay can match the branding theme of their organization or nonprofit with customizable themes by simply editing certain text files.

The Akari Global development team has released the platform as completely free software and the code is open for review. In addition to the latest Akari-Pay version, the team has released a demonstration video on how to use the donation bar, set goals, update totals, and customize a color scheme.  Furthermore, Akari has set up a dev-chat channel in order to help people set up self-hosted BCH donation pages.

The Bitcoin Cash community across social media and forums seems pleased with Akari’s latest launch that allows anyone with a website to add a donation/payment page for free that utilizes the BCH network’s peer-to-peer electronic cash system. The BCH payment button works for mobile phones, laptops, and desktops by simply uploading an HTML file to the desired server. Akari also provides its own HTML files and templates for users to create a payment gateway quickly if they don’t want to customize their payment page.

What do you think about the Akari-Pay Advanced payment gateway? Let us know in the comments below.

Images via Shutterstock, the Akari Global Foundation, and Akari-Pay. 

Want to see all those Memo posts, Blockpress posts, and OP_Codes in the BCH Chain? Check out Bitcoin.com’s Block Explorer today!

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