Category Archives: Cryptocurrency

TALLINN, Estonia, June 23, 2020 /PRNewswire/ -- On the first of June Ripple (XRP) became officially listed on the CoinLoan platform. Within a week of the listing, users deposited more than 14 million XRP tokens on the platform, making CoinLoan the leading cryptocurrency lending service that uses Ripple according to the company. Users who deposit their Ripple tokens on the platform can benefit from up to 5.7% APY and take out loans with XRP as collateral. This is the reason the company considers many XRP holders to choose CoinLoan.

There are a couple of reasons CoinLoan believes that XRP holders are choosing their platform to deposit their XRP coins in such volume. Firstly, there are individuals that use the platform as a way to store their funds safely. According to the company, CoinLoan is a trusted entity with a financial institution license and state-of-the-art security, it's a simple decision. Additionally, users can enjoy earning up to a 5.7% annual yield on their holdings. All thanks to the staking mechanisms. As an addition to all this, users can use XRP as collateral to borrow stablecoins, or fiat-assets in both the Instant Loans section and the Lending Market on the platform.

With regular exchanges, the only possibility is deposits of funds, or exchange them for another currency. With CoinLoan, users can deposit their funds, exchange but also earn interest or take out a loan at any moment. For users that prefer to keep their options open with their XRP tokens, CoinLoan believes their platform is a perfect fit.

Providing liquidity

On an individual level, the benefits of users' choice for the CoinLoan platform are evident. However, these 14 million XRP tokens do not solely come from individual users. There are miners, cryptocurrency exchanges, and OTC-platforms that contribute to this number as well. The reason for that is clear and evident; the ability to maintain liquidity for all parties. CoinLoan collaborates through partnerships with several established entities in the cryptocurrency industry to provide traders and miners the ability to trade, stake, and hold.

CoinLoan is on a mission to make cryptocurrency lending as easy as possible, and by doing so, have the opportunity to change lives. Where interest rates are negative, and access to monetary funds are limited, cryptocurrencies offer a solution, and thus, it should be available to anyone in the most straightforward manner possible.

SOURCE CoinLoan

https://coinloan.io/

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More Than 14 Million XRP Deposits Within the First Week of Listing on CoinLoan - PRNewswire

Market makers have become a significant driving force in the cryptocurrency market. Primarily, their activity is to create an active, progressive market for buyers and sellers by placing multiple limit orders in an exchange platforms order book.

These services are usually provided by institutions that are registered by and have an agreement with the exchange in question. On one hand, such an agreement allows them to access some special trading conditions including lower fees and others. On the other hand, however, it also obligates them to provide a specific level of liquidity in the market.

This is a significant reason why the quality of liquidity that traders can find on exchanges can be measured by the depth of the exchanges order book and the size of the spread.

In the crypto space, the market makers quote buy and sell process for various assets on an exchange. By doing so, they help to improve price discovery and provide an avenue for effective trading between themselves as well as for other traders. At the end of the day, the work they do helps ensure that market operations can move at a healthy pace.

There are two significant benefits that the activities of market makers provide. The first is that they make liquid trading possible. This way, buyers and sellers can transact at reasonable prices in a quick, seamless manner. They do this by maintaining healthy order books with tight buy/sell spreads. At the end of the day, they can minimize volatility in the market and stabilize the price of the underlying asset.

The combination: IT, quantitative finance and crypto market understanding

In the traditional space, market makers have been operating widely across every popular exchange platform the New York Stock Exchange, the NASDAQ, etc. While they mostly trade electronically nowadays, their roles in a mature stock market are usually fulfilled by high-frequency trading institutions.

These institutions hire quantitative finance experts to develop trading algorithms. As the crypto market continues to grow in prominence and popularity, the influence of these market makers becomes more visible.

Like it is in the traditional space, market makers in the crypto industry also have to do a lot of quantitative finance. This is one of the most important factors, as it helps in making calculations and setting the right buy/sell prices to ensure optimal transaction levels.

At the same time, it is important for a market maker to understand how the crypto market works. An understanding of the prevalent market conditions will help to improve market makers ability to spot prices, and it should give a sense of when calculations are right or wrong.

As for IT, the rationale is pretty simple; IT is everywhere now, and for an industry that is as progressive and revolutionary as the crypto space, technology is playing a significant role

How to find a good market maker

To operate effectively we dont only need to understand trading and crypto, we have to become close partner of the project: understanding the business, current situation and plans is crucial. Nikita Martynyk, CLS Business development manager

Ideally, a market maker should have the following qualities:

Price improvement: When you hire a market maker, you expect to receive market liquidity and improved trading conditions. This will invariably improve the price of the asset

Depth of liquidity: Creating and improving liquidity is one of the most significant reasons why companies and crypto projects hire market makers.

Service offering whatever the financial climate: The market never sleeps. Even in a market downturn, an effective market maker should be able to provide their service and ensure that your assets liquidity is upheld

Flexibility: Offering market-making services for more than one asset is always an added benefit.

Immediacy of dealing: Services should be provided in real time, and in most cases, you should be able to see results quickly. Every moment waster is a potential trader or investor lost.

Bespoke technology solutions: Technology is a tool that market makers use to optimize their operations. It helps for one to have the right technology to apply in quick time, depending on the market factors.

How does it affect crypto projects?

Considering the fact that the crypto market is still young especially compared to the traditional financial market, there arent many market makers operating. At the same time, the fact that cryptocurrencies operate on the principle of decentralization means that their prices can differ across various exchanges.

Our aim is to assists the market regardless if there is upturn or sharp fall - traders should always have the possibility to perform trades at optimal market price. When traders understand it, they become much more loyal to the project, they are not afraid to invest.

-Adam Levin, CLS Head of Trading

Most of the small exchanges that dont use market makers are prone to experiencing market discrepancies. Consequently, the absence of these makers means that asset prices will differ from their market price. These differences could mean that traders will sell their Bitcoins cheaper or buy them at higher prices than they would on larger exchanges.

The importance of market makers to crypto projects

Digital assets are at their most vulnerable when they first get issued and listed on an exchange. The company behind such a token will need market makers because they have to encourage traders and investors to transact using their tokens.

For assets to be listed on exchanges, they need liquidity. Market makers provide an opportunity for that to happen. Nothing drives traders and investors away like high volatility and illiquid markets. If a company behind a crypto project is hoping to spur confidence in its asset, then a market maker becomes an invaluable piece of the puzzle.

-Nikita Martynyk, CLS Business development manager

At the end of the day, the objective is to create a market that investors and traders are comfortable to play in. the chances of getting that done without a market maker are quite low.

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Market Makers Hold The Key To Success Of Early-Stage Cryptocurrency Projects - hackernoon.com

Jim Rogers, who cofounded the Quantum Fund with billionaire investor George Soros, has shared his view on bitcoin, its use as money, and governments response to the growing use of cryptocurrency. He predicts that central banks will not let uncontrolled money be used.

Famous investor Jim Rogers shared his prediction about the future bitcoin and cryptocurrency in an interview with Asahi Shimbun Singapore branch manager Koji Nishimura, published on Friday. Rogers cofounded the Quantum Fund in 1973 with billionaire investor George Soros, which was considered one of the most successful hedge funds in its heyday. They earned a 4,200% return over 10 years through 1980 compared to 47% for the S&P 500.

Rogers believes that if cryptocurrency succeeds in being used as money, instead of primarily for speculation, governments will intervene, making it illegal in order to stop its use. For this reason, I believe that the [value of] virtual currencies represented by bitcoin will decline and eventually become zero, he told the publication. It is hard for us to move money without the control of the government, Rogers said, elaborating:

The government wants to know everything. Controllable electronic money will survive, and virtual currencies beyond the influence of the government will be eliminated.

Rogers explained that cryptocurrency markets are volatile, particularly during the global economic crisis. Even though cryptocurrencies did not even exist a few years ago, in the blink of an eye, they become 100 and 1,000 times more valuable This is a clear bubble and I dont know the right price, he opined, emphasizing that cryptocurrency is not an investment but gambling.

He proceeded to talk about electronic money. Governments like electronic money because with electronic money, you can keep track of when, where, who spent and how much. Governments will have more control over people through electronic money, the investing guru described. Electronic money has a low issuing cost. Cash must be printed, carried and counted. It is expensive for the government.

However, cryptocurrencies beyond the control of governments will not be accepted as money, Rogers believes, adding that those who work on cryptocurrencies think they are smarter than the government. However, the government has something that those who work with virtual currencies dont have. Its a gun. For this reason, he said, I believe that virtual currency will disappear eventually.

He believes that governments will never let bitcoin be used as money. Only 100 years ago, we could use whatever we liked as money. You could use coins, gold, silver, or shells. Banks could also print the bills themselves. That was legal, he was quoted as saying. However, in the mid-1930s, the Bank of England declared that using any type of money other than the money it issued was illegal, Rogers pointed out. As a result, no one used money other than that issued by the Bank of England, he described, predicting that the same will happen to cryptocurrency.

While admitting that a society where governments know too much about our actions is unfavorable, he believes that cryptocurrency beyond the control of the government will not be widely distributed as money.

While Rogers is not bullish on cryptocurrency, many institutional investors are increasingly interested in investing in this asset class. Fidelity Digital Assets recently conducted a survey of about 800 institutional investors in Europe and the U.S. and found that 80% of them find cryptocurrency appealing, while 60% feel cryptocurrencies have a place in their portfolios. Grayscale Investments also sees increasing demand for crypto investments.

Well-known hedge fund managers such as Paul Tudor Jones have been growing their bitcoin holdings. Jones said he has about 2% of his assets in bitcoin. Other billionaire investors who are bullish on bitcoin include Virgin Galactic chairman Chamath Palihapitiya and Galaxy Digital CEO Mike Novogratz.

What do you think about Jim Rogers view of bitcoin? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Nikkei Asian Review

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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.

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Jim Rogers Discusses Bitcoin as Money and Why Governments Will Stop Crypto | News - Bitcoin News

PETROSANI, Romania (PRWEB) June 23, 2020

Evorese.com, a crypto payment, and exchange, opens the doors for cryptocurrency users globally. The payment portal launched from the beautiful Jiu Valley, Romania, promising to offer solutions for both solving volatility for established merchants and friendly payments, but also to come up with an ultimate model of Initial Exchange Offering in order to protect investors and the projects success in the long term.

Initial Exchange Offering (IEO) is a token sale supervised by our cryptocurrency exchange. The IEO enables investors to get new cryptocurrencies and raise funds for promising crypto projects.

The startup is partnering with Ledger to store the raised funds in custody securely, releasing them based on certain achieved milestones.

Being a decentralized exchange is advantageous since users are not required to transfer their assets to the exchange, running a significantly lower risk of theft from the hacking of the exchange.

In addition, Evorese.com will also integrate a P2P Cryptocurrency Lending Platform that lets users lend and borrow loans in cryptocurrencies. The aim of the startup is to develop a user-friendly and intuitive P2P Crypto Platform that, by letting the user deposit their crypto assets, will allow them to sanction loans without any bank or legal formalities.

Some cryptocurrencies are more volatile than others, their fluctuating prices being a source of financial insecurity. On this platform you can find Crypto Swapping, a service used for exchanging assets in a volatile currency into one that is stable, making sure that both parties give and receive what they agreed upon.

Our goal is to create a trust-worthy platform for exchanging digital assets. We will create a safe space for investors to invest in crypto projects and hope to get back a large part of the crowd that has been lost in 2017. Furthermore, we aim to solve the volatility problem which is a major issue these days with friendly and merchants payments," says Ciprian Filip, Co-Founder and CEO at Evorese.

Even if, at this time, this market is a highly competitive space, the Evorese portal plans to integrate a bundle of services that will give us an edge over the competitors and to satisfy our clients full needs while saving time and resources.

Find out more about us at evorese.com, or you can contact us directly at pr@evorese.com

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Evorese.com, a new and promising cryptocurrency exchange - PR Web

The South Korean government is set to announce the final details of taxing income generated from cryptocurrency transactions after years of discussion about the virtual asset that yet remains in a grey area.

Quoted by South Koreas Yonhap news agency, Finance Minister Hong Nam-ki said his ministry will announce the details next month.

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The government has continued to realign its tax system to reflect changes in market conditions, but it is especially working to refine its list of taxable items and types of tax this year, Nam-ki added while speaking before the parliamentary finance committee.

Personally, I believe a digital tax needs to be imposed as a new type of tax, and the government too is considering moving in that direction, said the minister.

The South Korean government was said to be considering imposing a 20 percent tax on crypto income. Although no specific taxation standards for crypto assets have been put in place, but the finance ministry was reportedly considering re-classifying returns made on cryptocurrencies as a type of other income. This places crypto profits it in the same category as those earned from lotteries which has a 20 percent tax rate.

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Despite the high tax tag levied on other income but it remains better than being taxed as a form of capital gains, as it is currently treated, which calls rates of up to 42 percent.

Historically, South Korea is one of thehottest investing and trading marketsfor cryptocurrencies. However, authorities have been hesitant to regulate the virtual asset class, due to their belief that cryptocurrency regulation could lend legitimacy to the sector.

Separately, the central bank is taking a wait-and-see approach over the issue of a government-controlled cryptocurrency, or a so-called central bank digital currency (CBDC), as of now.

Recently, there have been numerous reports emerging oftax authoritiesclamping down and going after cryptocurrency traders. The US Internal Revenue Service (IRS) also sent letters to taxpayers who might have failed to report income and pay the resulting tax from cryptocurrency transactions.

At the very core, the IRS still deems crypto assets to be property rather than currency for income tax purposes, the same as its regulatory guidance came out five years ago. That means the authority will continue to tax crypto profits and losses like those for stocks, at capital gains rates.

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South Korea to Unveil Rules of Cryptocurrency Taxation in July - Finance Magnates

Following a5.25m seed funding round, Ziglu has entered the cryptocurrency platform landscape with a simple promise to make purchasing and trading the likes of Bitcoin easier than ever before.

Founded by Mark Hipperson, who has made a name for himself in finance having successfully established Starling Bank, Ziglu is now available as a download from Apples App Store, with an Android version launching on Google Play shortly.

Ziglu will be looking to muscle in on a range of established competitors, but it may have found a key to success thats going to be hard for rivals to replicate in the current crypto climate: accessibility.

The mystique surrounding cryptocurrencies has built an appeal among younger investors but has also led to a feeling of exclusivity among many older and less technologically-fluent audiences.

Hipperson hopes that Ziglu helps to bridge the gap between those able to invest and those who are fearful of some of the more complex crypto platforms.

In 2020, we think the 25-45 demographic will want easy, safe access to crypto. Only about 1% of people go to the large platforms to buy crypto and we think we can do better, and perhaps get them better prices as well,Hipperson explained.

(Chart:AMB Crypto)

As the chart above shows, cryptocurrencies are still an alien concept for older generations, with the vast majority of people aged 45 or older greeting digital finance with suspicion.

Despite the wildly impressive triumphs of Bitcoin over the past decade, cryptocurrencies still appear to be the preserve of the expert. However, the arrival of Ziglu could be well-timed as individuals look for a greater level of financial inclusivity.

While the crypto app marketplace is becoming increasingly congested with more and more intuitive services, Ziglus focus is wholly on turning the process of buying cryptocurrencies effortless.

Purchasing the likes of Bitcoin, Ether, Litecoin and Bitcoin Cash is instant, and Ziglus USP stems from the app routing requests in order to find the best deal for customers. For instance, if Kraken has the best price for Bitcoin in British Pounds at the time a request is made, Ziglu will present that deal ahead of any others.

Another key reason behind the widespread scepticism towards cryptocurrency platforms comes from a lack of transparency. Hidden costs can be severe in some crypto market places, but Ziglu promises a fresh approach that presents clarity and convenience in terms of pricing, with user funds held in a segregated account.

This launch marks the beginning of an exciting journey for Ziglu to deliver transformational financial services for our customers. By offering immediate and safe access to best-price crypto, customers can spend, exchange and send their money, regardless of the currency, where, when and how they want, said Hipperson.

Ziglu has successfully created an app that offers flexible, scalable and banking levels of security within its technological makeup. If the platform delivers on its pledge of fair and transparent pricing, it could act as a significant step towards more universal cryptocurrency adoption.

Fundamentally, cryptocurrencies offer users access to banking in regions where such infrastructures dont exist.

(Image:Medium)

With 100s of millions unable to set up bank accounts virtually every continent on earth, the necessity of digital platforms and decentralised cryptocurrencies is imperative.

The harsh reality of a recession will be set to hit deprived nations hard as businesses feel the strain of widespread losses from early 2020 and the emergence of COVID-19. With global economies forecast to struggle in the short term, leading to a loss ofwealth and depreciation of assets, having easy access to a store of finance that is free of the influence of central governments could be a key development in ensuring the long term recovery of investors who would otherwise suffer from the economic downturns.

Ziglu is certainly saying all the right things, but theres a long way to go for cryptocurrencies to develop into a fully accessible and inclusive alternative unit of finance across the world.

Impressively for such a famously unstable and speculative market, its clear that cryptocurrencies are here to stay. Now the onus is on developers to create platforms that can be transparent and trustworthy enough to see usage from investors with varying levels of technological literacy.

At a time when communities and businesses around the world alike are readying themselves for a period of significant financial hardship, the successful development and scaling of apps like Ziglu could ultimately provide users with a tangible route away from their ailing national economies should the worst occur.

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Accessible crypto: Will the arrival of ziglu drive new levels of cryptocurrency adoption? - FXStreet

Many people are familiar with blockchain technology, but did you know that Ethereum has the largest and most active blockchain community in the world?

Unlike many other blockchain networks, Ethereum is programmable. This customizable feature has enabled developers to solve problems ranging from digital identification and privacy, to corporate ownership and data security.

When the blockchain community disagrees on what changes the network needs to function smoothly or when such changes should take place, developers plan for a fork (an offshoot) of the underlying code rules.

Todays graphic maps out the major Ethereum blockchain forks that have occurred to date, highlighting key events that surrounded each of these updates. It also includes details on the highly anticipated Istanbul hard fork, planned for December 2019.

Forks are common practice in the software industry, and happen for one of two reasons: split opinions within the community, and required changes to the blockchain code.

When either reason is discussed, four major types of forks can occur.

There are currently three types of hard forks:

Lets dive into the timeline of major Ethereum forks, and explore a few of their defining moments and characteristics.

Below are some of the most prominent and important forksboth hard and softon the Ethereum blockchain since its launch.

Vitalik Buterin, founder of Ethereum, and his team finished the 9th and final proof of concept known as Olympic in May 2015. The Ethereum blockchain, also known as Frontier, went live shortly after, on July 30, 2015.

Also known as Frontier Thawing, this was the first (unplanned) fork of the Ethereum blockchain, providing security and speed updates to the network.

Homestead is widely considered Phase 2 of Ethereums development evolution. This rollout included three critical updates to Ethereum: the removal of centralization on the network, enabling users to hold and transact with ETH, and to write and deploy smart contracts.

The Decentralized Autonomous Organization (DAO) event was the most contentious event in Ethereums short history. The DAO team raised US$150 million through a 2016 token salebut an unknown hacker stole US$50 million in ether (ETH), prompting the developer community to hard fork in order to recover the stolen funds.

Widely regarded as the only Ethereum fork of any significance, this hard fork was based on the controversial DAO event. The original chain became known as Ethereum Classic, and the new chain moved forward as the main Ethereum chain.

This September 2019 hard fork event required all software users to upgrade their clients in order to stay with the current network. Enhancements included better security, stability, and network performance for higher volumes of traffic.

Regarded as the third phase of Ethereums evolution, the Metropolis-Byzantium soft fork functioned more like an operating system upgrade, rather than a full split.

Constantinople is the current version of the Ethereum blockchain. This hard fork occurred concurrently with the St. Petersburg update. Important changes included closing a major security loophole that could have allowed hackers to easily access users funds.

Constantinoples most notable improvements include smart contracts being able to verify each other using only the unique string of computer code of another smart contract, and reduced gas feesnamely, the price users pay to process transactions more quickly.

The Ethereum community is preparing for the next hard fork event Istanbul, scheduled for release on December 4th, 2019.

Ethereums 4th and projected final stage of development is Serenity, which has yet to be scheduled. Community members have speculated what changes will come with Serenity, but many agree that the Ethereum blockchain will shift focus from Proof of Work to Proof of Stake.

Proof of Stake means that there is less competition for completing blocks of data, significantly reducing the energy required to process data. Currently, a single Bitcoin transaction consumes the same electricity as 1.75 American households do in a day.

Ethereum continues to be a leading blockchain platform, with the highest number of decentralized apps (dApps) and a massive, engaged community.

To date, cryptocurrencies have largely been the focus of news headlines. However, weve only begun to scratch the surface of what blockchain can offer, and the value it will create beyond the financial world.

[Blockchain] could be the foundation of a whole new era whereby our basic right to privacy is protected, because identity is the foundation of freedom and it needs to be managed responsibly.

Don Tapscott, Executive Chairman of the Blockchain Research Institute

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An anonymous user paid approximately $2.6 million in transaction fee to transact small amounts of money in the Ethereum (ETH) cryptocurrency two times over the last 24 hours at press time.

The first transaction of 0.55 ETH, or $136.26, according to ETH's price at press time, was made at 5:47 am on Wednesday, according to data from Etherscan.

To make this transaction, the user paid 10,668.73 ETH, or $2.6 million, in "gas," as the transaction fee at the Ethereum network is called. A similar transaction was repeated at 11:30 PM later in the day. This time 350 ETH, or $86,712.5, were transferred for the exact same fees.

Gas is charged by miners on the Ethereum blockchain network based on the amount of computing it takes to verify a transaction. If the users agree to pay a higher gas price, the transaction becomes more lucrative to minersand is completed rapidly.

ETH Gas Station recommends paying $0.155 for a standard transaction that can take up to five minutes and $0.2 for a fast transaction that will be expected to complete in less than two minutes.

Paying $2.6 million for a transaction is extremely unusual and doesn't make operational sense, giving rise to speculation of accidental error, money laundering, or a technical glitch.

Some cryptocurrency community members on Twitter suggested that the transaction was more likely to be a technical error since the ETH transaction fee in both cases was exactly the same, which would be extremely unlikely to be an accident.

The transactions on blockchain can't be reverted, but the mining pool which verified the transaction can choose to return the money to the original owner by creating a new transaction. The first transaction was approved by Chinese mining pool "Spark Pool," and the second by "Ethermine."

Sparkpool said in a statement that it "has had the experience of handling similar issues properly. There will be a solution in the end."

Ethereum traded 1.2% higher at $247.75 at press time on Thursday. The apex cryptocurrency Bitcoin (BTC) was up 1.1% at $9,873.64.

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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A Cryptocurrency User Paid $2.6M In Transaction Fee To Send $136 Twice - Benzinga

NEW YORK, NY / ACCESSWIRE / June 14, 2020 / The concept of blockchain and thus, Bitcoin, came riding on the advantage of the anonymity of transactions, defiance to authority, lack of centralization and overseer authority among other advantages. Cryptocurrencies became popular because their programmers touted them as anonymous. It has, however, emerged that they are not and that transactions undertaken using altcoins can be traced.

Over time with the increased government scrutiny and unwanted invasion by phishers, users now realize that the cryptocurrency world is not as anonymous as most of them were led to believe.

A tech startup called, CryptoMixer is changing all this and giving back cryptocurrency enthusiasts their security and privacy. The start-up provides a cryptocurrency mixing platform that obscures your cryptocurrency transactions, making it hard for anyone to trace your dealings. CryptoMixer reintroduces anonymity by allowing online shoppers that pay using cryptocurrency through addresses that remain anonymous when the user is completing transactions. The shoppers, as such, cannot be associated with the various addresses they use.

How Does Coin Mixing Work?

Coin mixers work by essentially collecting cryptocurrency from the people using cryptocurrency, mixing it with a giant pile of other cryptocurrencies, and then sending them smaller units of cryptocurrency to an address of their preference, with total the amount that you put in minus 1-3%. The 1-3 % is generally taken as a profit by the coin mixing company. This is how they make money.

A cryptocurrency mixer (also known as a blender) allows you to spend, store and share cryptocurrencies, without your transactional data becoming public. In short, it makes your financial transactions anonymous in the true sense. It is done by mixing your transactional data with a pool of Bitcoin data. This ensures your data is secure, you have control over your privacy, and no data can be traced back to you, as the link between the sender and the receiver is broken.

Crypto Mixer: The crypto mixing solution

CryptoMixer is a unique cryptocurrency mixer/blender that ensures your cryptocurrency becomes untraceable, and no link exists between the stakeholders. They have designed different pools of cryptocurrencies based on their sources, with variable fee percentages. This segmentation and differentiation ensure the clean mixing of the currency. The three pools include Standard Pool, Smart Pool, and Stealth Pool. It uses a 'smart code' to avoid the same currencies from reaching a user on multiple occasions.

Features of Smart Mixer Platform

Zero Post-Transaction Logs - CryptoMixer platform keeps transaction logs for only as long as it needs them. The longest period that these logs can remain is 24 hours, otherwise, the platform keeps them only for as long as is necessary to complete a transaction.

Full Anonymity - The need for complete anonymity is greater in the online space, and it is only second to the information online prowlers seek. Users that mix cryptocurrency on the platform do not even need to input their information. Instead, only the recipient altcoin address is necessary.

Customizable Process - Users can set various parameters as they so choose. You, for instance, can choose the amount of cryptocurrency to mix, the commission to pay for the mixing, and the delay period you prefer.

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CryptoMixer.bz: Bitcoin Mixer for your anonymity in the Crypto World - Yahoo Finance

A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios.

Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, announced Tuesday the results of a survey to better understand institutional interest and adoption of cryptocurrencies as well as key barriers to investing in them. It was conducted from November 2019 to March 2020. Fidelity Digital Assets offers a full-service, enterprise-grade platform for securing, trading and supporting cryptocurrencies.

A total of 774 institutional investors participated in the survey, 393 of which were in the U.S. while 381 were in Europe. Respondents include financial advisors, family offices, pensions, crypto and traditional hedge funds, high net worth investors, endowments, and foundations. This is the second consecutive year Fidelity has surveyed U.S. institutions but it is the first time it surveyed European investors. According to the results:

Almost 80% of institutional investors find something appealing about digital assets.

Breaking down the number, 74% of U.S. institutional investors find cryptocurrency appealing, while 82% of European investors do. A notable contrast is that 25% of European investors find the fact that certain digital assets are free from government intervention to be appealing, whereas only 10% of investors in the U.S. feel this way, the report further reads.

Moreover, 36% of respondents 27% in the U.S. and 45% in Europe revealed that they are currently invested in digital assets. Bitcoin continues to be the cryptocurrency of choice with over a quarter of respondents holding BTC while 11% have exposure to ETH. Looking out five years, 91% of respondents who are open to exposure to digital assets in a portfolio expect to have at least 0.5% of their portfolio allocated to digital assets, the report adds.

Three characteristics of cryptocurrencies are most compelling to both U.S. and European institutional investors. 36% of respondents said uncorrelated to other asset classes, 34% are compelled by innovative technology, and 33% by the high upside potential. The report notes:

The majority of institutional investors (6 in 10) feel digital assets have a place in their portfolio, though opinions vary on precisely where.

Despite growing interest among institutions, obstacles remain to cryptocurrency adoption. 53% of respondents cited price volatility as the main reason, 47% said market manipulation, and 45% said lack of fundamentals to gauge appropriate value.

Fidelity Digital Assets president Tom Jessop commented on the survey findings: These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class. This is evident in the evolving composition of our client pipeline, which spans from crypto native funds to pensions.

What do you think about institutional interest in cryptocurrency? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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.

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80% of US and European Institutional Investors Find Cryptocurrency Appealing: Survey - Bitcoin News