ENCINITAS, Calif., Sept. 16, 2020 /PRNewswire/ --Glen Oaks Escrow, one of Southern California's largest independent escrow companies, recently announced that it closed its second Bitcoin transaction.

The organization shared that the homebuyer contacted the Glen Oaks Escrow office in San Diego to inquire about using Bitcoin after hearing about previous Bitcoin transactions that were administered within the organization.

"We're thrilled that our organization has closed another transaction with Bitcoin. We made the decision in 2018 to start accepting Bitcoin payments, and we are glad that we did, given that consumers see the value and are taking advantage of this payment method. This transaction exemplifies that, while a young technology in our industry, blockchain, and cryptocurrencies have the potential to become a bigger part of real estate transactions. And, given the current economic climate, some experts are predicting that real estate, gold, and Bitcoin will perform strongly over the long-term. We look forward to being there for our clients and are very proud to be at the forefront to enable transactions in this way," shared Joe Curtis, COO of Glen Oaks Escrow.

Glen Oaks Escrow accepts Bitcoin payments through BitPay, which acts as the payment processor in the transaction and is used to verify the funds. The escrow company then sends out an invoice to the buyer, similar to wire instructions in a fiat currency transaction.

The buyer then has a fixed window of time to remit payment using Bitcoin or another accepted cryptocurrency. The funds go to escrow through BitPay, which converts the Bitcoin into cash and wires US Dollars into the escrow account. In summary, BitPay takes the Bitcoin and converts it to cash for the seller, so the seller never actually sees the Bitcoin payment, just the cash.

"While some people and companies are still trying to understand how cryptocurrencies fit into the real estate industry, we continue to see the growth of usage in other markets. From Crypto Startup Schoolsto large banks getting involved with cryptocurrencies, we are confident that this new way of doing business will increase in our industry. We're proud to be paving the way for this technology," explained Curtis.

About Glen Oaks Escrow

Glen Oaks Escrow is part of the Pango Group, a family of companies that include American Trust Escrow, CV Escrow, Escrow Trust Advisors, AV Escrow, VOI Insurance Solutions, and Document Archive Solutions.

Pango Group has been one of the leading independent escrow resources in California for over 20 years with locations from Los Angeles to Orange County to the Coachella Valley and San Diego and owns and manages over 30 offices and 300 employees.

The company's mission of running exceptional real estate service businesses that enhance the lives of the people, partners, and communities we serve has been an integral part of its success. It was recently named one of the Best Places to Work for the 5th year in a row in Los Angeles.

CONTACT:Lucia Asbury(760) 697-9146[emailprotected]

SOURCE Glen Oaks Escrow

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Glen Oaks Escrow Announces It Assisted With Yet Another Bitcoin Transaction - PRNewswire

WASHINGTON, Sept. 17, 2020 /PRNewswire/ --In Redefining the Future of the Economy: Governance Blocks and EconomicArchitecturethe authorsreveal what the first generations ofblockchainare missing. Norman Augustine, distinguished engineer and former Lockheed Martin CEO, states:"Your book is fascinating the way it moves from economics to governance to mathematics to philosophy to poetry."

Futurist George Gilder, author of Life After Google: the Fall of Big Data and the Rise of the Blockchain Economy, Wealth and Poverty, Microcosm, Telecosm, Life After Television, and the Silicon Eye, writes: "[Redefining the Future of the Economy] is a just-in-time blockbusting chain-reactive manifesto for a revolutionary second generation of blockchain for finance. If you are involved with the Cryptocosm, or with finance, or with artificial intelligence, you have to read it. . Talbot, a super savvy investment strategist, and Benko, a paladin of money theory, actually know why the movement is bogging down and how to fix it."

They prescribe the missing ingredients: Layering consensus algorithms for the creation of sophisticated financial systems and using combinatorial mathematics to provide an organizational structure bringing order to the autonomous chaos of AI, providing accountability and regulatory compliance.

Dawn Talbotis a Wall Street veteraninstitutional research analyst, corporate finance professional, and portfolio manager. Ralph Benko is a Washington insider, aReagan White House deputy general counsel and former senior counselor to the blockchain sector's trade association.The book is available from Amazon and we offer complimentary review copies to journalists and thought leaders. The authors are available for interviews to discuss their breakthrough findings.

Contact: Ralph Benko [emailprotected] 202.800.6550

SOURCE Tevoro.com

http://www.Tevoro.com

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Tevoro.com Announces New Book Revealing What's Missing from Bitcoin, Ethereum and Other Cryptocurrencies - PRNewswire

Bitcoin (BTC) is getting its best advertisement once more as another major central bank floats the idea of charging people to save their money.

As Bloomberg reported quoting minutes of a meeting held Thursday, the Bank of England (BoE) has become the latest central bank to discuss negative interest rates.

According to the results of the meeting, the BoE will enter discussions with banking regulators over negative rates, which effectively mean lending institutions, and, hence, savers must pay to store cash.

The reason is the impact of the coronavirus lockdown on the economy, along with the looming prospect of Brexit, deal or no deal.

The bank is leaving all options on the table, due to elevated uncertainty, one analyst told the publication in light of the news.

The pound slid against major currencies Thursday, as policymakers further confirmed that they had voted to keep interest rates at 0.1% for the time being.

Bank of England balance sheet chart (GBP). Source: TradingEconomics/ Bank of England

Bitcoin proponents immediately seized on the BoEs troubles, arguing that such a policy simply undermined both fiat currencys reputation and its own position.

Wow, the Bank of England discussing negative interest rates. If they adopt this, they would be paying you to borrow, Tyler Winklevoss wrote on Twitter.

You couldnt buy a better advertisement for Bitcoin but u can take their money and go long bitcoin.

Veteran trader Tone Vays had similar thoughts.

I don't think any Bank would pay you to borrow but they will charge you to store/save your money at the Bank, what more can a Bitcoin Hodler as for! he said, responding to Winklevoss.

Thanks Bank of England, you will help drive $BTC adoption.

Others took aim at the interim interest rate decision.

One of the most important prices in our society is determined by vote, Christopher Bendiksen, head of research at digital asset investment strategist Coinshares, tweeted.

You read that right. In 2020, 8 middle-aged men and one woman literally come together several times a year to determine the price of credit. This will seem unbelievably archaic to our descendants.

As Cointelegraph reported, the BoE is particularly infamous in Bitcoin circles, the United Kingdom government bailing out the banking sector en masse on the eve of Bitcoins birth in 2009. An article from the national newspaper, The Times, was even included in the Bitcoin genesis block.

More recently, central banks reactions to coronavirus have fuelled the idea that Bitcoin will increasingly function as a hedge against fiat.

This week, the United States Federal Reserve fielded queries about its plans to overshoot inflation targets, a process that would weaken the U.S. dollar and provide a likely further boost to safe havens such as gold and Bitcoin.

For its part, the BoE had said that negative interest rates would be damaging to the U.K. economy as recently as last month.

The European Central Bank, or ECB, has administered negative rates since 2016, but such a move would be a historical first for the U.K.

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Bank of England talks negative interest rates in best ad for Bitcoin - Cointelegraph

Ethereum, having long played second fiddle to the number one cryptocurrency, bitcoin, is stepping into the limelight.

The ethereum price, climbing more than 10% over the last 24-hour trading period and adding to gains of all almost 300% so far this year, remains far behind the bitcoin pricebut price isn't everything, with the number of bitcoin tokens "wrapped" into ethereum doubling in August.

Ethereums supply of tokenized bitcoins had been hovering around 3,000 until mid-May when the rate ... [+] of new ethereum-wrapped bitcoin tokens suddenly surged.

Bitcoin can be wrapped onto the ethereum blockchain using a number of ethereum-based tokens, such as WBTC, which has surged in popularity since May, according to data from Dune Analytics. During some periods in August, more bitcoin was wrapped onto ethereum than was created by bitcoin miners.

Bitcoin wrapped onto the ethereum blockchain using WBTC is backed 1:1 by bitcoin and minted by locking up bitcoin on the bitcoin blockchain. It's thought that by wrapping bitcoin onto ethereum and making it compatible with smart contracts, users will be able to unlock tools such as lending, liquidity provision, and decentralized exchanges.

"This presents an interesting quandary for bitcoin. While it clearly has more utility after being converted onto the ethereum blockchain, its underlying value ostensibly comes from the 68 terawatt-hours of power that go into securing the bitcoin blockchain each year," Glassnode analysts wrote in their weekly newsletter.

"How much bitcoin has to migrate onto ethereum before the necessity of the bitcoin blockchain itself starts coming into question," Glassnode asks. "And, if this were to occur, what would back the value of bitcoin if not the massive amounts of energy that go into maintaining its existence?"

The value of WBTC--bitcoin wrapped onto the ethereum blockchain--has exploded in recent months.

Meanwhile, the ethereum price is soaring, boosted by the decentralized finance (DeFi) craze that's currently sweeping the bitcoin and crypto world. DeFi is the idea that cryptocurrency technology can be used to recreate traditional financial instruments such as loans and insurance.

"Following a challenging number of weeks for many crypto-assets, ethereums price increase shows it is one of the main alts leading the market," Simon Peters, bitcoin and crypto analyst at investment platform eToro, said via email.

"I agree with Glassnote's reports that bitcoin is no longer investors first steps into cryptomany new investors may be entering the market directly into ethereum or DeFi protocols, rather than choosing bitcoin as their first or only crypto investment as they did in the 2017 crypto bull run."

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Ethereum Is Eating Bitcoin - Forbes

WAN CHAI, HONG KONG, HONG KONG ISLAND - 2018/04/07: A Bitcoin ATM machine in Wan Chai, Hong Kong. ... [+] (Photo by Miguel Candela/SOPA Images/LightRocket via Getty Images)

Popular virtual currency Bitcoin has been a news fixture since its introduction in 2009. If fact, Bitcoin is the worlds leading virtual currency, with a market capitalization over $175 billion. This explosive growth has led donors and their advisors to explore various charitable giving opportunities using virtual currencies.

The Internal Revenue Service (IRS) describes virtual currency as a digital representation of value that functions as a medium of exchange, a unit of account, and / or a store of value. Its creators designed it to operate like legal tender, and as a medium of exchange, although very few governments currently recognize it as legal tender anywhere in the world.

Currently, Bitcoin and other virtual currencies, such as Ethereum and Ripple, represent a total market capitalization of over $250 billion. Many large charities, including large donor-advised funds and community foundations, are eager to tap into this market or have already received virtual donations. For example, United Way, American Red Cross, and the American Cancer Society accept donations of Bitcoins. Most major donor-advised funds accept Bitcoin, and some accept other cryptocurrencies as well.

Smaller nonprofits have begun accepting the currency as well. Technology and financial strategies involving the asset have only grown more complex with time, as concepts like proof-of-stake, forks, and decentralized finance (DeFi) all have become more prominent in the cryptocurrency world.

Ryan Raffin

With this explosion in value, many owners of Bitcoin and other virtual currencies have significant appreciation in these assets. This makes cryptocurrency a very appealing candidate for charitable giving. This article discusses the tax treatment of Bitcoin and other cryptocurrencies under current IRS rules. It has a particular emphasis on the tax results for donations of virtual currency.

2014 Bloomberg Finance LP

IRS Positions on Bitcoin The Internal Revenue Service was quicker than many organizations when it came to consideration of the financial and tax implications of virtual currency. In March of 2014, the IRS issued a Notice on the tax treatment of transactions involving virtual currency. This was its first official statement on cryptocurrency, although its published guidance since then has confirmed that treatment. Most importantly, the IRS stated that, for tax purposes, virtual currencies are property and not currency.

This property treatment means that traditional gain and loss principles will apply therefore treating these assets as securities or business property. A party selling, spending, or otherwise disposing of virtual currency may be subject to capital gains or ordinary income tax. Although the charity will be selling the currency, exempt organizations are not generally taxed on income, even from the sale of appreciated property.

The major tax implications for donations of virtual currency, therefore, involve the donor rather than the charity. The main consideration for donors is the charitable income tax deduction received. As a preliminary matter, note that in answering questions on donated cryptocurrency, the IRS refers multiple times to its general publication on charitable contributions. This supports the assumption that the standard noncash charitable deduction rules will apply.

The gain can be ordinary, or capital, depending on the source of the virtual currency to the donor. The determination on the type of gain or loss the taxpayer recognizes depends on whether that person held the virtual currency as a capital asset for investment purposes. If the donor did not hold the property as an investment, it would be subject to ordinary gain or loss treatment. This is more likely to be the case if the donor is a so-called miner or where the virtual currency is otherwise income paid for services rendered.

Results for Bitcoin and Cryptocurrency Donors These possibilities lead to three potential tax results for donors of virtual currency. First, a donor giving virtual currency held short-term (i.e., less than one year) as a capital asset will be able to deduct the lesser of cost basis or fair market value up to 50 percent of adjusted gross income. However, if the donor held the Bitcoin or other currency for more than a year as a capital asset, the deduction would be the fair market value of the gift up to 30 percent of adjusted gross income. Finally, if the currency is subject to ordinary gain or loss treatment in the hands of the donor, the donor may deduct the cost basis of the gift up to 50 percent of her adjusted gross income.

If the donor received Bitcoin as ordinary income as payment for services rendered or property sold, the donor may only deduct the cost basis under the ordinary income reduction rules. The IRS defines the cost basis of the virtual currency as its fair market value when the owner receives it. So if a third-party pays the donor Bitcoin worth $500 for professional services, and that Bitcoin later appreciated to $1,000 USD, the donors charitable income tax deduction would be limited to $500, or cost basis.

These rules are very favorable to donors holding appreciated virtual currency as capital assets, allowing them to avoid incurring a tax for capital gains on the Bitcoins or other currency. This is especially true following the Tax Cuts and Jobs Act of 2017, which limited Section 1031 exchanges to real estate only, meaning owners of virtual currency could not simply exchange them for other virtual currencies to avoid recognizing gain. Note that this donation would also allow the donor to avoid the potential 3.8 percent Medicare surcharge on investment income. The extreme appreciation in Bitcoin and other cryptocurrency makes the asset class a very strong candidate for charitable giving. Better still, IRS commentary has clearly laid out the tax results and requirements for substantiating such donations. Although there are some hoops to jump through to get a fair market value deduction, those difficulties can be minimal in comparison to the benefits of optimizing tax efficiency in giving. These tax items are of course not the only considerations for donations of Bitcoin or altcoins, but they can provide a powerful motivation for the right donor holding appreciated cryptocurrency.

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Tax Implications For Donations Of Bitcoin - Forbes

Bitcoin prices pushed higher lately, but this rally fizzled. (Photo by Nicolas Economou/NurPhoto ... [+] via Getty Images)

Bitcoin prices have rallied modestly within the last 24 hours, rising to their highest in roughly two weeks before losing momentum.

The worlds most prominent digital currency reached as much as $12,070.23 earlier today, its loftiest price since August 18, CoinDesk data shows.

However, the cryptocurrencys upward price movement stalled, and the digital asset has been trading within a reasonably tight range, additional CoinDesk figures reveal.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Joe DiPasquale, CEO of cryptocurrency hedge fund managerBitBull Capital, weighed in on the matter.

$12,000 has continued to be a strong resistance for Bitcoin but the bulls have persisted over the last month, rallying around the $11,000 level to provide strong support, said DiPasquale.

The result is that Bitcoin continues to test this resistance at $12K despite multiple rejections, he added.

Jon Pearlstone, publisher of the newsletterCryptoPatterns, fit the digital assets latest moves into a broader pattern, stating that:

Since Bitcoins breakout above the key price level of $9,500 in late July, Bitcoin has ranged between $10,500 and $12,500.

While there are some bearish signs, the bulls have the edge with a bullish pattern on the weekly chart, he added.

The target is in the $15,000 range which would be a retest of the 2019 high of $14,000, said Pearlstone.

If Bitcoin can break out above that resistance level with strong volume, there are longer term patterns with prices much higher, starting with a test of all time highs around $20,000.

DiPasquale also provided a bullish outlook for the digital currency.

While the move today was too sharp to not invoke profit-taking, selling pressure is relatively balanced and not dominating market sentiment, he stated.

Moreover, the 20-day moving average is now acting as support and indicators, at the moment, are not as overheated as they were during rallies earlier last month.

All these factors together, in our opinion, bode well for Bitcoin, and by association, the crypto market.

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

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Bitcoin Rally Fails After Breaking Through $12,000 - Forbes

Switzerlands canton of Zug, home to hedge funds, crypto firms and commodity traders, will start allowing citizens to pay taxes in Bitcoin and Ether as the acceptance of digital currencies continues to rise.

Tax settlement by means of crypto currency will be available to both companies and private individuals up to an amount of 100,000 Swiss francs ($109,670), the canton said in a statement on Thursday. The region of about 127,000 people is collaborating with Zug-based broker Bitcoin Suisse AG, which converts the digital currency into francs and transfers the amount to the state.

Zug, which is known for its low corporate taxes, has been accepting Bitcoin payments for certain government services since 2016 and inspired the ski resort of Zermatt to do the same.

Crypto firms have gained traction in Switzerland thanks to its favorable regulation and positive attitude toward digital currencies. However, the countrys major banks, along with their global peers, have so far largely stayed away from offering blockchain-based services to clients as high volatility and security concerns outweighed recent trading booms.

Now, with Bitcoin rallying during the pandemic and experts saying it could even act as an inflation hedge, the industrys bellwethers might change their minds again, according to Bitcoin Suisse founder and chairman Niklas Nikolajsen (pictured).Everybody cares about a $0.5 trillion-market, Nikolajsen said in an interview in Zug. Theres almost nothing controversial about trading Bitcoin anymore. Its completely mainstream.

Bitcoin Suisses revenues were 20.9 million francs last year with a profit of 2.4 million francs, mainly from services around crypto trading. While the firm also offers its services to banks with clients who want to trade digital currencies, Bitcoin Suisse recently applied for Swiss and European banking licenses.

With a European license, Bitcoin Suisse would be able to actively target clients on the continent, where its main focus would be Germany. Our primary client base is Switzerland, Germany and Scandinavia. But we have so much more to do in Germany and it cant be that we have more Swiss clients when there are ten times as many Germans, Nikolajsen said.

The 44-year-old expat from Denmark says he started buying Bitcoin when it was worth less than $1.

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Swiss canton takes taxes in Bitcoin as crypto gains traction - Accounting Today

The race for blockchain interoperability was very much a trending topic during the bull market of 2017. Back then, we witnessed the birth of very promising projects like Fusion and Wanchain. Then the bear market started, and interoperability was no longer as hot as it once was, similar to every other topic related to blockchain development. However, these two projects continued to develop their respective ecosystems; they were even joined by a third project in this same niche, Ren.

However, there is still no single project that can be considered as the leader of the interoperability niche, and which links all blockchains and facilitates their communication despite the architectural differences between them. Needless to say, sooner or later, the blockchain space will need such a project!

This need arose even more during the recent DeFi boom, where the majority of the tools and applications used were limited to the Ethereum blockchain, with the involvement of only a small portion of Bitcoin (somewhat above 0.1% of the circulating BTC). At the same time, the other giant blockchains like Ripple and Litecoin are almost totally absent. Billions of dollars are locked in these blockchains and they cant be used in the DeFi space.

In this article, we will review Fusion, Wanchain and Ren, three potential projects that could solve these DeFi limitation issues, and take this space to the next level. The projects will be compared based on essential criteria and other aspects, then we will determine which project has the highest chance to become the blockchain that connects all the blockchains. But before that, lets just first explain why these three projects in particular were picked.

Why Fusion, Wanchain and Ren?

It is true that there are many projects that specialize in the interoperability niche, but having considered several factors like technology, a teams experience, a projects quality, its development, and its community; these three projects stand out as the main potential projects that could become the internet of blockchains.

Many people in the crypto space think that projects like Cosmos or Polkadot specialize in interoperability, while in fact, they use a compatibility model. The main difference between interoperability and compatibility is that the communication between parachains in the compatibility model is made possible through a central Hub which forces a certain standard, and other chains have to stick to it in order to be part of the ecosystem. It seems that the top priority of these two projects is more to replace Ethereum and attract new chains and projects to build on their platforms than it is to connect the different blockchains.

Fusion, Wanchain and Ren on the other hand, use a true interoperability model based on cryptographic concepts. These three projects aim to create ecosystems that facilitate a trustless decentralized communication between different blockchains.

These cryptographic solutions aim to use a decentralized technology for custody. The process of cross-chain communication is similar to existing models such as WBTC (minting assets with 1:1 ratio on other blockchains). However, unlike WBTC which keeps your original assets in a centralized entity (BitGo) and requires KYC, the three projects in our comparison use very advanced solutions to hold your assets in a fully trustless and decentralized way.

Fusion

Fusion is a fully decentralized smart contracts platform. The primary goals of the project are to become an ecosystem that links the different blockchains, allowing them to communicate with each other, and to connect global finance to blockchain technology. Fusion was founded by DJ Qian, one of the pioneers in blockchain research and mining in China.

The main component of Fusions technology is the DCRM Decentralized Control Rights Management. It uses the private key sharding concept to secure users assets. Fusion has also introduced the Time-Lock function. It is the first blockchain to use the concept of time in its smart contracts. This will open the door to complex financial transactions involving time such as derivatives, loans and mortgages.

The Fusion ecosystem is growing fast, with new projects joining the DCRM Alliance and decentralized applications being launched on the platform, such as WeDeFi and Anyswap.

WeDeFi: It is an easy-to-use wallet that is available on Android and iOS. It allows users to store and manage their assets. WeDeFi offers a no-loss lottery where users can deposit their FSN coins and participate in the lottery. They will get back their coins no matter if they win or lose.

Anyswap: It is currently the only swap protocol in the blockchain space that can carry out cross-chain transactions. Anyswap has its own automatic pricing and liquidity systems, and it uses Fusions DCRM as a cross-chain solution. Therefore, it will support all the coins and tokens that the DCRM technology can integrate, including: BTC, ETH, XRP, LTC, ADA, ERC-20 tokens and many other coins and tokens. Anyswap introduced its governance token ANY and has recently added USDT to the platform and announced a strategic partnership with Hotbit.

Wanchain

Wanchain is another smart contracts platform project specializing in blockchain interoperability. It allows the exchange of data and value between private, consortium and public blockchains. The platform supports private transactions based on ring signatures.

Wanchain uses secure multiparty computation and Shamirs Secret Sharing concepts to ensure the safety of users assets. This cross-chain solution has already integrated Bitcoin, Ethereum and EOS blockchains into its ecosystem, with future plans to create direct bridges between these different blockchains.

Earlier this year, two projects built on Wanchain were launched:

Rivex (RVX): It is an interoperable and scalable layer-2 solution that aims to combine the strengths of public and side chains to empower the next generation of decentralized applications.

FinNexus (FNX): It is a DeFi focused project specializing in building open finance protocols. FNX has released its first product which is a decentralized options protocol powered by a single liquidity pool on both Ethereum and Wanchain.

Ren

Ren is a protocol that enables permissionless and private transfer of values between different blockchains. The core product of the project is the virtual machine RenVM, a trustless custodian that brings interoperability to DeFi on Ethereum.

Cross-chain communication is handled by RenVM. It holds the assets that users want to transfer, and mints an ERC-20 wrapped token to be used within the Ethereum blockchain. RenVM allows the minting of Bitcoin, Bitcoin Cash and Zcash on the Ethereum blockchain, with future plans to mint coins on the Polkadot blockchain.

For example, if you want to use BTC in the Ethereum blockchain: You hand it to RenVM, it holds it and mints that BTC as an ERC-20 token (RenBTC) on Ethereum with 1:1 ratio. This process is secured by youve probably guessed it Shamirs Secret Sharing and secure multiparty computation.

RenVM can be used as a plugin for decentralized applications built on Ethereum. Once integrated to a smart contract, users will be able to benefit from cross-chain liquidity provided by Ren.

Ren cryptocurrency is an ERC-20 token. It is used to run the dark nodes that are entirely governed by code.

Comparative Analysis

Fusion, Wanchain and Ren are three projects that are focused on connecting siloed blockchains using cryptographic interoperability. However, there are some fundamental differences between these projects, starting with their nature.

Fusion and Wanchain are infrastructure projects. In addition to their interoperability components, each project has its own mainnet and its own smart contract platform for dApps development and token issuance, while Ren is an interoperability protocol built on Ethereum.

In addition to its cross-chain solution based on the DCRM technology, the Fusion team developed unique concepts to create a convenient ecosystem for DeFi. For example, the Time-Lock function allows users to perform complex financial transactions that involve time by using the Multi Triggering Mechanism, which is considered as the next generation of smart contracts. Fusion offers many other DeFi-oriented features such as quantum swap and USAN swap. Currently, there are two projects that are built on the Fusion platform. WeDeFi, and Anyswap.

Wanchain is also an interoperability project, it has already integrated Bitcoin, Ethereum and EOS blockchains into its ecosystem. So far, two DeFi projects have been built on Wanchain: FinNexus and Rivex.

Interoperability and Decentralization

Now lets talk about the interoperability of these three projects!

Through DCRM, Fusion has created an ecosystem that supports the integration of blockchains that have ECDSA (Bitcoin, Ethereum, Litecoin, etc) or EdDSA (Cardano, NANO, Stellar, WAVES, and even Facebooks Libra!) as signature algorithms. This means that almost every blockchain out there could be integrated into Fusions ecosystem.

DCRM has currently around 45 working nodes. Once a user locks-in his assets in the Fusion blockchain, these nodes will only receive shards of his private key, and will never have access to other shards, so assets are completely safe. The majority of DCRM nodes do not belong to the Fusion Foundation. Fusions cross-chain solution is therefore fully decentralized.

Wanchain is another blockchain that aims to create an ecosystem to connect all the blockchains. The process is somewhat slower, and blockchains are integrated one by one. However, according to the roadmap released recently, Wanchain started working on direct bridges between blockchains, and will launch their first two-way bridge later this year.

Wanchain interoperability uses storeman nodes (equivalent to Fusions DCRM nodes). These nodes still belong to the Wanchain foundation, but their decentralization is under testing and the full storeman nodes decentralization is planned to be finished in 2021.

Ren does not offer an ecosystem where it can connect all the blockchains. Instead it offers interoperability through its core product, RenVM. This virtual machine is used to create direct bridges between different blockchains. Currently, RenVM brings liquidity from BTC, BCH and ZEC to Ethereum applications, with possible support for ECDSA blockchains. Ren has future plans to bring liquidity to the Polkadot blockchain.

Currently in Mainnet SubZero, RenVM cross-chain technology is still centralized. The team claims to offer a semi-decentralized solution due to the fact that no KYC is required, however, Ren nodes (called Darknodes) are run by the Ren team and other partners from the Ren Alliance.

Another important point to mention is that Fusion and Wanchain code are open-source, and can easily be accessed. On the other hand, some important parts of Rens code are closed-source, and a lot of questions are being asked about the reasons behind this decision. No clear answer has been given by the team.

The use cases of a certain token are definitely an important factor to estimate its real value. Markets are not always rational, but sooner or later, tokens usually end up reaching their real value depending on the quality of the services they provide to users.

Fusion coin (FSN) has many use cases within Fusions cross-chain DeFi features and applications. FSN is used to pay network gas fees and to run DCRM nodes. It can be used in the different Time-Lock transactions: such as borrowing, lending, loans, etc. FSN holders can also stake their coins and earn passive income.

FSN coin can also be used within Fusion dApps. WeDeFi allows coin holders to use their Safebet no-loss lottery and to borrow Time-Locked FSN. The other dApp on Fusion is Anyswap, and Fusion coin was the only way to get its governance token ANY.

Wanchain coin (WAN) has similar use cases to FSN, it is used to pay gas fees for network transactions including Rivex and FinNexus transactions. It can also be used in the different dApps of Wanchain. Wan holders can stake their coins to earn passive income, or run nodes as validators. Wancoin will also be required to run the upcoming cross-chain storeman nodes.

Ren is a protocol, not a platform, therefore, Ren token has much less use cases than FSN or WAN. The main use case of the Ren token is to run a Darknode. Around 100k Ren tokens are required to run a node, this large number has been chosen to increase the amount of locked tokens, and the effect it could have on token price.

Speaking of price, lets take a look at the current prices and market caps of the three projects and determine which coin or token offers the best buying opportunity right now.

Of the three projects, Ren is the one that has been in the spotlight during the DeFi boom. Mainly because the DeFi space has been limited to Ethereum, a blockchain to which Ren provides liquidity. The current market cap of Ren is around $ 400 M, Wanchains market cap is around $ 54 M, and surprisingly, the market cap of Fusion is only around $ 26 M.

Yes, Fusion, the decentralized cross-chain platform that offers unique DeFi features such as Time-Lock, and dApps like WeDeFi and Anyswap is the one that has currently the lowest market cap. It is without a doubt the most undervalued project of the three, but even beyond our comparison, it is one of the most undervalued cryptocurrencies in the whole market. According to CoinStats, Fusion has the second highest adoption score in the crypto space. It is a score that compares the adoption of a certain project to its market cap, it helps investors to find the projects that could potentially take off at any moment.

Fusion, Wanchain and Ren are three interesting projects working on a fully decentralized cryptographic interoperability. The other solutions that are currently available in the market include centralized custodians such WBTC, or hub and zone models such as Cosmos and Polkadot that force new chains to adopt a certain standard.

The three projects in this comparison have a lot of features in common, but they are also different in some important aspects. Fusion and Wanchain are smart contracts platforms, they both have their own blockchains, and allow issuance of tokens. Ren is a protocol built on the Ethereum blockchain, with RenVM as a core product.

Fusions cross chain solution is based on the DCRM technology, it offers more integration possibilities. It is currently the only fully decentralized technology out of the three cross-chain solutions. The adoption of Fusion is increasingly growing after the launch of decentralized applications and platforms such as WeDeFi and Anyswap, and the implementation of convenient features for decentralized finance such as the Time-Lock function.

Surprisingly, Fusion has the lowest market cap out of the three projects. This can be seen as an excellent opportunity to invest in a project that offers a better technology than some of the top 30 cryptocurrencies by market cap.

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Why Fusion's DCRM is The Best Option for DeFi Users | Sponsored Bitcoin News - Bitcoin News

According to Max Keiser, host of popular RT show the Keiser Report, it is only a matter of time before Warren Buffetts Berkshire Hathaway will invest in Bitcoin (BTC).

Not long ago, Buffett sold most of his positions in major banks and bought shares in Barrick Gold a large gold mining company. For Keiser, this represents a U-turn in Buffetts investing strategy:

This will be the beginning of a huge transition out of financials, which he dumped recently into gold. And then, therefore, he, or whoever takes his place, will soon be moving into Bitcoin.

After years of bashing both gold and Bitcoin, Keiser says that Buffett realized these are now the go-to assets for preservation, for protection against the depreciation of the U.S. dollar. According to Keiser, people shouldnt spend time trading in the altcoin market, which he equatedto gambling.

You may make money over one month, two months. But are you going to make money over five, 10, 15 years gambing? [...]The answer is a big fat no.

Keisers rant didnt spare Ether, the second-largest cryptocurrency, which has come under fire recently due to allegations around itsoutstanding supply.

Its still on beta, it shouldnt even be trading!Keiser said. Instead, people should be focusing on hodling Bitcoin.

According to Keiser, one of the major causes of global inequality is caused by the uneven way money is distributed throughout the economy by central banks.

Keiser pointed out that this phenomenon has been particularly evident since the United States Federal Reserve injected a massive amount of cash into the economy to counter the effects of the COVID-19 pandemic. Keiser pointed out that most of the money was used to bail out large firms, while end-consumers see little benefits.

On the contrary, Bitcoin goes directly from God to the consumers,Keiser said.

To watch the full interview with Max Keiser, check it out on our YouTube channel, and dont forget to subscribe!

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Max Keiser thinks Warren Buffett will move to Bitcoin soon - Cointelegraph

Bitcoin Association, the global industry organization which works to advance business with theBitcoin SV blockchain, has named three finalists in its 3rdBitcoin SV Hackathonto compete for a share of a USD$100,000prize pool paid in BSV. The announcement follows yesterdays release of ashortlist of ten semi-finalists, selected by a preliminary judging panel as the ten best entries from all projects submitted.

One of the premier events inBitcoin Associationsdeveloper education programme, Bitcoin SV Hackathons are global coding competitions designed to challenge developers to both learn about the technical power of Bitcoins original protocol and innovate on the fly. Organized by Bitcoin Association, run by leading blockchain research & development firmnChain, and sponsored byCoinGeek, Bitcoin SV Hackathons task entrants with developing an application or service within the parameters of a given theme that leverage the unique capabilities of the Bitcoin SV blockchain, all within a set period of time.

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The theme for the 3rdBitcoin SV Hackathon was Connecting the world to one global blockchain. A distinguishing feature of the Bitcoin SV blockchain is its ability to scale unbounded, enabling greater data capacity and high volumes of low-fee transactions sent instantly across the globe. These capabilities support the rise of a single digital currency (BSV) for micropayments, break down historical industry data silos, and facilitate technical interoperability in ways never before possible. Entrants were challenged to utilise these capabilities in their project, using the Bitcoin SV blockchain to establish new efficiencies and opportunities for interconnectivity.

This edition of the Bitcoin SV Hackathon was the most competitive to date. In all, 418 people from 75 countries took part over an eight-week coding phase, with 42 final projects submitted for consideration.

The three finalists will be invited to present their projects at the upcomingCoinGeek Live 2020conference,September 30 October 2. The Hackathon Final Round presentations will be on Day 1 (September 30) of the conference, with winners announced on Day 3 (October 2). The finalists will compete for a share of a USD$100,000BSV prize pool $50,000for 1st place,$30,000for 2nd, and$20,000for 3rd.

Final placings will be determined by a combination of a Final Round judging panel and audience voting through an augmented reality experience for online attendees of CoinGeek Live.

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KyrtKyrt integrates Bitcoin microtransactions with subscribable events available via Zapier a major platform enabling easy integration workflows across more than 2000 applications. Zapier is an incredibly powerful tool and by integrating a micropayment rail into any application interaction, the possibilities are endless.

RepZipIdentity on-chain is a fiercely discussed topic in Bitcoin SV and a key missing piece of infrastructure. RepZip not only provides a real solution to the problem, but also integrates with Paymail and existing Bitcoin data infrastructure in a way that can satisfy a plethora of use cases. Identity is powerful and is a core link between the digital and the physical world. When the solution integrates 3rdparty attestation, this will become a core and central part of day to day Bitcoin interactions.

STOTASKSTOTASK is a new entrant in the gig economy that allows owners of datasets to leverage the idle time of anyone to apply human interpretation to tag data. This is a missing link between human classification and machine learning. Classification tasks that are easy for humans but hard for machines can become machine-learned with an initial human input. Bitcoin SV is used as the payment rail for STOTASK, enabling work to be paid out in very small increments. Coupling this with Metanet data structuring in the future has huge potential.

Speaking about the finalists, nChain CTOSteve Shadders, said:

With each iteration of the Hackathon, were seeing the quality and creativity of entries continue to improve. This time around, with the extended coding phase of the competition, its clear that the additional time has been put into really developing these ideas into high-quality, well-thought-out submissions. Im excited to see each of the three finalists present their project at CoinGeek Live, but its certainly not going to be easy determining a winner!

Also commenting on todays announcement, Bitcoin Association Founding PresidentJimmy Nguyen, said:

The standard of submissions for the 3rdBitcoin SV Hackathon has raised the bar once again and reflects the continued maturing of Bitcoin SV development. What impressed me the most is the diversity of projects entered business and consumer applications that each have a unique take on our theme of Connecting the world to one global blockchain but all with the common thread of leveraging the distinguishing powers of the Bitcoin SV blockchain. Id like to thank all of the more than 400 people who took part in the competition. While we select a champion in a few weeks time, all the participants win by building on BSV.

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3rd Bitcoin SV Hackathon Finalists Announced to Compete for USD $100,000 - AiThority