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4C Newsflash of July 31

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Market Cap at 1:15 (UTC) – $271,997,439,922 billion 

Bitcoin dominance: 64.6% 

BTC $9842.56 (+2.89%

ETH $215.59 (+2.80%

XRP $0.321474 (+1.75%

South Korea tightening crypto regulation


According to Bchain, South Korea is imposing stricter regulation towards crypto exchanges. Per the article, South Korea will apply the new FATF guideline forcing crypto exchanges to disclose necessary data. Additionally, the four leading South Korea crypto exchanges: Bithumb, Upbit, Coinone and Korbit will have to renew their bank accounts to meet the requirements. Moreover, after the renewal, the banks that provide service to crypto exchanges will be holding legal liability in case of money laundering.

Kraken adds fiat funding and withdrawal


In the recent update, Kraken has added five different currencies for the users to deposit and withdrawal which are USD, EUR, CAD, GBP and JPY. To deposit into Kraken, the users will need to register with Etana Custody and link their bank account to the wallet. After finishing the process, users can wire their fund to Etana wallet then it will be quickly deposited to Kraken accounts.

Canaan Creative secretly fills for an IPO


Canaan Creative, one of the most largest Bitcoin miner manufacture is filling out an IPO in US, the news was first report by IFRAsia. Per the report, the company wants to raise $200 million through public listing after raising $1 billion in Hong Kong.

Samsung S10 adds Pundi X wallet


In the latest blog, Pundi X has announced the integration of Pundi X wallet into Samsung Blockchain Wallet. Samsung Galaxy S10 is now supporting XWallet and it allows users to make instant crypto transaction. Initially, the wallet supports the following coins: BTC, ETH, BNB, KCS NEM, KNC, QTUM and Pundi X native tokens.

Bahrain approves the first regulated crypto


Rain, a Bitmex-backed crypto exchange will be launched soon, according to their blog. The company has received the Crypto-Asset Module license from the Bahrain Central Bank right after closing their $2.5 million funding. Investors can now register their account on their website.
 


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Market Analysis of July 31, 2019

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Marketcap

The marketcap has been moving up (+2.68%) since yesterday. The total capitalization is 269 666 339 165 USD.

Bitcoin totals 174 199 065 302 USD of capitalization for a dominance of 64.60%.

Ethereum’s marketcap is 22 825 587 346 USD, followed by Ripple with 13 691 350 664 USD.

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HOW TO READ THE MARKET SENTIMENT ?

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Bitcoin

The Bitcoin closed the previous session above its weekly closing level, which is a good bullish signal. In addition, the daily technical situation is now positive with a purchase signal given on the CCI and WaveTrends.

 
On a 4-hour horizon, the technical situation is also positive.

What to do about it?

If you are in position, place your stop-loss above your purchase price. If you are not yet in position, wait for a return to the support or a resistance break before positioning yourself.

  • The supports of the day are at 9400$ – 9100$
  • The resistances of the day are at 10000$ – 10200$

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Ethereum

The Ethereum is still evolving in its triangle with a positive daily technical situation. On a 4-hour horizon, the indicators are also positive, which makes it likely that this triangle will break from above.

What to do about it?

Wait for the triangle to break before positioning yourself if you are not yet in position. Otherwise, protect your profits with a stop-loss above your purchase price.

  • The supports of the day are at 205$ – 190$
  • The resistances of the day are at 220$ – 235$

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Conclusion

BTC above his weekly open and ETH still in his triangle.
What to do about it?
We recommend to wait for a resistance break or a return on support in the case of BTC and a triangle break for ETH.


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Top 5 Crypto Cards in 2019

[vc_row][vc_column][vc_column_text]Identifying the best crypto card can be a daunting task, and you’ll need to be extra careful. Owing to the bad experience where so many crypto debit cards turned out to be fake and fraudulent, investors are looking for genuine options that are not only authentic but also convenient, secure and inexpensive.
We are heading towards the end of 2019, and more and more attention is being directed towards cryptocurrency as an alternative investment in the digital world. Innovations will come, but there is a need for utmost caution when approaching innovations dealing with money. In this article, we take a look at five of the best crypto cards of the year 2019 and beyond. The purpose is to help you achieve safe, profitable investment that suits your needs both as an investor and an individual. 
But first,  what is a crypto card?  Simply put, a crypto card is any credit or debit card that supports at least one cryptocurrency. Crypto cards will offer you the flexibility to spend your digital assets without going through the often unhealthy process of cashing out your cryptocoins. The card company will do the exchange (crypto-to-Fiat) allowing you to spend the cryptos in FIAT form safely.
Here are out top 5  crypto cards for 2019.
 #1. Wirex Most crypto cards are only available in selected countries, and that also happens to be the case with Wirex. It is only valid in the European Economic Area (EEA), but it does offer its users an online-only account in several other countries excluding the USA and China. It is one of the few crypto cards in the market that provide rewards for in-store purchases, where it provides users with 0.5 percent via its unique Cryptoback service. The amount you can earn as cashback is unlimited, and the service does not attract additional fees.
Just like a regular debit card, Wirex allows for in-store as well as online transactions provided Visa cards are accepted. For ATM withdrawals, it charges $3 for customers outside the EEA, but it is lower for members of the EEA.
If you’re looking for a card that accords you generous spending, Wirex daily spending limit is set at $10,000, but you can only access $250 daily through ATM withdrawals.
However, Wirex’s one major undoing is the fact that it doesn’t come with as many features as most of its direct competitors, but it makes up for that with a pocket-friendly monthly management fee of only $1.50.
 
#2. Cryptopay Cryptopay is arguably one of the oldest debit cards in operation today, available in Singapore, the UK, Russia, and a host of other European countries. It is available in either a virtual or a plastic prepaid card just like many other similar cards from other providers. The virtual card can only be used for online transactions, while the plastic card is applicable for ATM withdrawals and shopping.

The plastic crypto card costs $15 while the virtual card goes for a meager $2.50, and both sets of cards can be ordered in USD, EUR, or GBP, attracting a monthly maintenance fee of $1.
Usage limits for users depend on the verification status, where unverified customers have limited usage. For example, unverified customers cannot send more than 1,000 Euros online, and can only withdraw 400 Euros from ATMs per day. Verified customers, on the other hand, enjoy unlimited load value, and can send as much money as they wish online, with a daily ATM withdrawal limit of 2,000 Euros.
 
#3. MCO Visa Probably the newest entry in the market, and a breath of fresh air for constantly-traveling customers. It remains to be seen whether the handsome packages it has come with are only temporary, but before then, customers can enjoy zero monthly fees, market-leading free currency conversion limits, and an incredible 5 percent cash back on purchases.
As opposed to charging a monthly subscription to qualify for rewards, the MCO Visa only requires you to earn lockup MCO tokens with time so you can benefit from the premium rewards. Lockup amount ranges from between zero and 50,000 tokens. The demanding lockup requirements, however, have made the MCO Visa crypto card to be categorized as a premium offering, since you can only qualify for premium features after 50,000 MCO or $100,000 in lock-ups.
The free Midnight Blue card is considered to be the lowest where users are eligible to access $200 in free ATM withdrawals monthly. Limits then increase to $1,000 for holders of the Obsidian Black card, after which you’ll be charged $2 for any further withdrawals.
 
#4. BitPay If there is one crypto card that has developed so fast, then it has to be the BitPay. Launched in 2016, it boasts an enormous subscription thanks to its paltry order fee of only $9.95, and zero monthly charges. The BitPay Visa card is valid throughout the United States of America, and plans are underway to make it available outside the US. The most impressive part is that US citizens can comfortably transact with their cards in several other countries.

As of now, you can load your debit card with cryptocurrency, and that will automatically be converted into US currency where you can shop or transact in any platform that accepts Visa cards. You can also load it using Western Union, or GreenDot at the cost of $4.95 for every load. It attracts no fees for domestic transactions, but you’ll be charged a currency conversion fee of 3 percent outside the US.
 
#5. SpectroCoin The SpectroCoin prepaid card is available in close to 200 countries across all continents, and the number is only growing. It offers plenty of services to its customers, including exchange platform and online wallet. It comes in two different card offerings; virtual and plastic debit cards. Charges for a virtual card is $9, while you will have to pay $50 for a plastic card, after which both cards attract a monthly maintenance fee of $1.

SpectroCoin cards are loaded using cryptocurrencies, which are then automatically converted to fiat currencies whenever you’re making an in-store or online payment. If your money is saved in your SpectroCoin online wallet, the process of currency conversion must be set up first.
Regarding account limits, SpectroCoin has two sets of cards; standard and VIP. Deposits for standard accounts are limited at $250 daily and $2,500 maximum balance. On the other hand, VIP accounts have a minimum balance and deposit limits of $5,000.
The stand-out feature of the SpectoCoin debit card is that you can make daily ATM withdrawals of up to $1,500, far more than what your ordinary bank cards offer.
 
In a nutshell
Cryptocurrency is here to stay, despite the liquidity issues it is continuously associated with. It took innovation from different companies to bridge the gap between traditional and crypto markets to come up with solutions through crypto debit cards. To ensure that your finances are safe, and you’re making the right financial decisions, it is only prudent that you conduct your research to establish a debit card that resonates with your ideas. The highlighted list of five top crypto cards of 2019 should make it easy for you.


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Market Analysis of July 30, 2019

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Marketcap

The marketcap has been moving down (-1.26%) since yesterday. The total capitalization is 262 621 862 214 USD.

Bitcoin totals 169 518 502 029 USD of capitalization for a dominance of 64.50%.

Ethereum’s marketcap is 22 310 767 767 USD, followed by Ripple with 13 265 159 110 USD.

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HOW TO READ THE MARKET SENTIMENT ?

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Bitcoin

After reaching a low point of $9111 at the July 28 session, the Bitcoin has been in a state of total indecision since then. Indeed, although today’s is still not closed, these two candlesticks take the form of doji.

The daily technical situation is beginning to show positive signals, so a reversal could occur.
Over a time horizon of 4 hours, the technical indicators have already crossed upwards but their evolution is relatively flat, as are the prices which evolve flat below their weekly opening level.

What to do about it?

We are in a situation of indecision for the moment, so we recommend to wait for a break of $9,700 or even $10,000 before reassessing the situation. If you are in a position, however, place your stop-loss above your purchase price.

  • The supports of the day are at 9400$ – 9100$
  • The resistances of the day are at 9700$ – 10000$

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Ethereum

Nothing new since the previous update, ETH is still evolving in a triangle configuration of downward consolidation with a daily technical situation that also shows signs of a possible upward reversal.
Over a 4-hour horizon, the indicators also indicate a possibility of an increase.

What to do about it?

If you are in position, place your stop-loss above your purchase price. If you are not in position, we recommend waiting for the triangle to break before positioning yourself on pullback.

  • The supports of the day are at 205$ – 190$
  • The resistances of the day are at 220$ – 235$

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Conclusion

BTC and ETH are below their weekly opening level.
What to do about it?
We recommend that you wait for confirmation of resistance breakage for Bitcoin and Ethereum.


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4C Newsflash of July 29

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Market Cap at 9:11 (UTC) – $264,932,590,996 billion

Bitcoin dominance: 64.5%

BTC $9573.09 (+0.54%)

ETH $211.49 (+0.91%)

XRP $0.310664 (+0.05%)

Bitcoin is accepted for transportation ticket


According to Jornal do Povo, Fortaleza will soon allow their citizen to buy transportation tickets with Bitcoin. The article also states that the city expects to implement Bitcoin payment before the end of the year.

DARPA exploring blockchain


In the recent publication, US Department of Defense has assigned DARPA to start testing on blockchain. According to the :“The Defense Advanced Research Projects Agency (DARPA) is starting to experiment with blockchain to create a more efficient, robust, and secure platform using a blockchain protocolthat will allow personnel from anywhere to transmit secure messages or process transactions that can be traced through numerous channels of a decentralized ledger.” Not only blockchain, the DoD is also testing various technologies such as AI, IoT and Cryptography. Further reading


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Market Analysis of July 29, 2019

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Marketcap

The marketcap has been moving up (+0.89%) since yesterday. The total capitalization is 265 991 297 878 USD.

Bitcoin totals 171 521 062 096 USD of capitalization for a dominance of 57.20%.

Ethereum’s marketcap is 22 732 067 869 USD, followed by Ripple with 13 345 746 229 USD.

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HOW TO READ THE MARKET SENTIMENT ?

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Bitcoin

In recent days, the BTC has declined and in recent hours, the BTC has reached a low of $9111 and has rebounded rapidly to currently evolve at $9603.

 
Over a 4-hour horizon, the indicators show signs of potential rise, such as the WaveTrends, which has already crossed the upside, and the MACD.
A lower low point than the previous one has still not arrived, so we can still expect the BTC to rise again to a high point. As long as the $9,000 zone is not broken, the price can continue to increase.

What to do about it?

We were telling you about a buying reaction between 9280 and 9000$. If you entered the position when the price entered this area, we advise you to move your stop loss to your entry point. If you are not yet in position, wait for confirmation of a break in the $9700 level.

  • The supports of the day are at 9400$ – 9100$
  • The resistances of the day are at 9700$ – 10000$

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Ethereum

It seems that ETH is evolving in a triangle of downward consolidation. Although the triangle was broken downward reaching a low point of $195.20, the price returned to the triangle and reached $212.40.
On a 4-hour horizon, the technical situation is positive and an increase towards the $220 zone cannot be ruled out.

What to do about it?

If you are in position, you know the song, a stop-loss above your purchase price. If you are not yet in position, we recommend waiting for a confirmed break in the consolidation triangle.

  • The supports of the day are at 205$ – 190$
  • The resistances of the day are at 220$ – 235$

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Conclusion

BTC and ETH have bounced back on their support area. We recommend that you wait for confirmation of resistance breakage for Bitcoin and Ethereum.


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See you tomorrow for a new market analysis!

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Gaps in Trading

[vc_row][vc_column][vc_column_text]In this article I will introduce you to the different types of gaps that exist. What we will see can be applied to different markets: forex, stock exchange, crypto-currencies etc…. First, I will explain the meaning of the gaps and then we will see the gaps that can be identified – that is, the most common ones. 
A gap is simply a hole and these are visible if you have a graphic representation with Japanese candlesticks, bar charts etc… This is not visible if you are on a graphical representation with curves. Gaps appear on the charts mainly for two reasons: trading hours (market opening/closing) and announcements that shake up the market in a violent way. 
In the end, the gaps make it possible to interpret the psychology of the market. They can be used to detect a reversal, a continuation of a trend or to confirm a trend break. 
The four major gaps to know: 

  • – the common gap
  • – the breakaway gap
  • – the runaway/measuring gap
  • – the exhaustion gap

The common gap is generally filled quite quickly. It occurs in markets with no real trend or in a market in the process of “range”.


The gap of rupture is rarely filled. Indeed, this configuration indicates a strong change in trend. This may be related to a disturbing announcement, for example, or a break of a very solid resistance or a support that has been tested many times.


The runaway/measuring gap is also rarely filled. It usually appears at the beginning – middle of a trend.

The exhaustion gap is generally filled. It is formed at the tops and bottoms. 

In this regard, we have already written an article on this subject here: https://medium.com/cryptoaddicts/the-impact-of-bitcoin-cme-futures-67c946eb29a2
I hope you have learned something new,
Sources for images: https://en.wikipedia.org/wiki/Gap__(chart_pattern)


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Market Analysis of July 26, 2019

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Marketcap

The marketcap has been moving down (-3.27%) since yesterday. The total capitalization is 269 213 145 117 USD.

Bitcoin totals 173 887 180 800 USD of capitalization for a dominance of 64.60%.

Ethereum’s marketcap is 22 977 622 731 USD, followed by Ripple with 13 316 526 634 USD.

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HOW TO READ THE MARKET SENTIMENT ?

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Bitcoin

After reaching a high of $1,0187, which is almost perfectly in line with last week’s opening level, the BTC was rejected and closed at around $9900. The daily technical situation remains negative with the exception of the CCI, which is above the -100 level.

Over a 4-hour horizon, the indicators show signs of potential decline, such as the WaveTrends, which has already crossed downwards, and the MACD, which is also ready to cross.
The Bitcoin has so far failed in its attempt to score a higher high point than the previous one and the reversal is therefore not yet confirmed.

What to do about it?

The area between 9280 and 9000$ could lead to a buying reaction but if it were to break, there would be no more obstacles before 8500$. We therefore advise you to secure your profit with a stop above your purchase price if you are in position and wait for a test of the $9280 zone.

  • The supports of the day are at 9500$ – 9200$
  • The resistances of the day are at 10170$ – 10605$

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Ethereum

As announced yesterday during the analysis, ETH was closer to its weekly opening level ( of the current week) than Bitcoin. The Ethereum tested its weekly open during the previous session before being rejected and closed at $219.15.
The daily technical situation, although more positive than the BTC, remains negative for the moment. However, we can see signs of curvature on the MACD.
On a 4-hour horizon, the technical situation is negative and a drop towards the important 200$ zone cannot be ruled out.

What to do about it?

If you are in position, you know the song, a stop-loss above your purchase price. If you are not yet in position, we recommend waiting for a test of the support area before reassessing the situation.

  • The supports of the day are at 202$ – 190$
  • The resistances of the day are at 226$ – 232$

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Conclusion

BTC and ETH are rejecting and heading towards a support area.
We recommend that you wait for the Bitcoin and Ethereum to test their support area, given the 4-hour technical situation.


You can join us on Telegram for a follow-up of the market throughout the day.

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See you tomorrow for a new market analysis!

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Market Analysis of July 25, 2019

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Marketcap

The marketcap has been moving down (-4.49%) since yesterday. The total capitalization is 278 321 163 099 USD.

Bitcoin totals 180 126 063 586 USD of capitalization for a dominance of 64.70%.

Ethereum’s marketcap is 23 845 715 865 USD, followed by Ripple with 13 634 730 967 USD.

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HOW TO READ THE MARKET SENTIMENT ?

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Bitcoin

The Bitcoin closed the previous session with a candlestick in the shape of a hammer, which is typically a bullish reversal pattern. The daily technical situation is becoming more and more positive with a CCI that has already given a buy signal while the WaveTrends and MACD are starting to show signs of bullish curves.

On a 4-hour horizon, the technical indicators have already crossed upward, so a test of the wekly open is not to be ruled out.

What to do about it?

If you are in position, place your stop-loss above your purchase price. If you are not in position, we advise you to wait for a possible break in the weekly open before positioning yourself on pullback. If this level does not break, we will wait for a return on support before reassessing the situation.

  • The supports of the day are at 9500$ – 9200$
  • The resistances of the day are at 10170$ – 10605$

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Ethereum

ETH’s situation is similar to that of the BTC, prices are currently below the weekly opening level with a positive 4h technical situation. It is therefore likely that ETH will test this level, especially since the distance between the latter and prices is shorter on the Ethereum than on the Bitcoin.

What to do about it?

As usual, if you are in position place your stop-loss above your purchase price. If you are not yet in position, wait for a weekly open test before reassessing the situation.

  • The supports of the day are at 202$ – 190$
  • The resistances of the day are at 226$ – 232$

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Conclusion

BTC and ETH are in rebound and approaching a resistance zone
What to do about it?
We recommend that you wait for the Bitcoin and Ethereum to test their resistance zone, if the latter breaks when buying on pullback.


You can join us on Telegram for a follow-up of the market throughout the day.

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See you tomorrow for a new market analysis!

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10 things you probably didn’t know about Libra, the Facebook’s coin

[vc_row][vc_column][vc_column_text]Facebook unveiled its cryptocurrency called Libra in June 2019. According to the currency’s whitepaper, Libra is a simple global currency that aims to empower billions of people through an accessible financial infrastructure. Here are ten takeaways about Libra that you probably didn’t know.

1. Libra users will interact with reserves through resellers

The underlying blockchain network and Libra cryptocurrency will be launched in 2020. Developers of the network will be able to read, build, and take part in a reward program for bugs. However, it is expected that the test nets will be released before the launch, and perhaps in the coming weeks. Users of the cryptocurrency will not directly interact with the Libra reserve but instead will be able to buy and sell Libra through resellers. Only a handful of resellers will be allowed to transact huge amounts of fiat and Libra currency. If you want to transfer between Libra and fiat, you will need to transact with the authorized entities. The resellers will be able to integrate with cryptocurrency exchanges and allow transactions for users who want to cash in or out.

2. You will earn interest on Libra stablecoin

“The cryptocurrency will be backed by several low-risk options like government securities, bank deposits, and other safe investments. Therefore, all money backing up Libra will earn interest. The interest earned will then be used first to pay for the maintenance of the ecosystem and the network. As such, there will be projected growth with a broader pool of funds for more development. The remaining amount will be paid out as dividends to the early investors in the network” Says Edie of learnbonds

3. Libra will be governed by the Libra Foundation

The cryptocurrency will be governed by the parent foundation, and not Facebook as many people assume. However, the wallet, CaLibra, is owned by the social media giant. CaLibra allows payments through Messenger, Whatsapp and other platforms owned by Facebook. The wallet is registered by FinCen (Financial Crimes Enforcement Network) which ensures the separation of social and financial data. It also ensures that financial services are based and built on the Libra network. 

4. Regulation

The area of regulation is always a thorny subject for most digital currencies. For Libra, the developers will be required by law to abide by the laws and regulations in the areas which they operate. However, the Libra blockchain will not be regulated  

5. Libra will offer STO

“Security token offerings (STOs) are blockchain-based ways to raise funds for projects. Libra will offer a security token offering called Libra Investment. It will be a way to fund programs and cover operating costs for many startups. STOs will be made available to accredited investors and act as securities. They will also have the potential to earn interest and profit on the reserves.” Says Joe from insidebitcoins

6. The blockchain will be fully transparent

Just like bitcoin and other cryptocurrencies, all transactions on Libra will be fully transparent and visible to the public. This is despite Facebook’s history with data privacy scandals. It’s going to be a fascinating to watch for blockchain analysts and spectators, especially when it comes to privacy matters.

7. Pseudo-anonymous

To use the Libra blockchain, users do not need their real-world identity. They can hold as many addresses without them being directly linked to their real identities. This is to enhance privacy. As Libra Association states, the pseudonymous nature of the network is to promote privacy while looking at ‘practicality, scalability, and regulatory impact.’ Also, crucial details such as timestamp, transaction amount, and blockchain addresses will only be visible to members available on the network. The association further stated that it would not store people’s data. External products like custodial wallets can make transactions off-the network’s blockchain. Customers will then be required to follow Know Your Customer conditions.

8. Plans include transitioning to a permissionless blockchain

Libra is currently starting off on a permission-based network which means access is given only to the founding members. This is unlike other cryptocurrencies such as bitcoin. However, there are plans to change that and include a permission-less network in the future. A permission-less network means that no single party has the power to change the existing rules of the network unilaterally. It is a prime goal for the Libra Association to make Libra a permissionless blockchain to operate as a true public service.

9. Uses BFT consensus protocol and is built on the HotStuff framework.

The Libra blockchain uses Byzantine Fault Tolerant (BFT) consensus protocol and is built on VMware’s HotStuff. It also has its programming language known as Move. BFT is arguably the most advanced algorithm that provides unrivaled performance benefits while also being very easy to implement. As a result, the Libra blockchain is fast and reliable and able to process thousands of transactions simultaneously. The high reliability and speed are vital to the scalability of the network without compromising on decentralization. 

10.  Libra is governed by a nonprofit organization

Libra Association, the governing body of the Libra cryptocurrency, is a not-for-profit entity based in Geneva, Switzerland. The association is made up of 27 founding members, including Visa, MasterCard, PayPal, Uber, among others. No founding member will own more than 1% of the blockchain network. The association is gearing towards a more geographically diverse outlook that will have members from 100 different locations.
In conclusion, Libra is set to launch as a low-volatility cryptocurrency that is secure, reliable, and scalable. The digital currency is powered by its native smart-contract blockchain popularly known as Libra Blockchain. Libra, aims to solve two main problems that are rife the world over, especially in the financial services sector; reducing cross-border money transfer fees and ensuring the unbanked population of the world is banked. With the involvement of Facebook in Libra development, there’s going to be mass adoption of cryptocurrencies as a whole. 


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