Can SegWit Support Make the Bitcoin Price Rise Even Higher? 92

Bitcoin is undergoing some big changes as we speak. In the latest client update, SegWit becomes enabled by default. It is a big step forward to improving the scalability of this cryptocurrency ecosystem.

Boosting SegWit Adoption

Quite some time ago, the Bitcoin network was slated to receive a scaling update. Known as Segregated Witness, the solution was not to everyone’s liking. It ended up splitting the Bitcoin community into two separate camps altogether. As such, the “use” of SegWit has always remained abysmal. The people who did not agree with SegWit eventually hard forked Bitcoin to create Bitcoin Cash. That altcoin uses a direct block size increase to improve overall transaction throughput.

Increasing SegWit adoption has not been easy since that “split”, though. Roughly 12% of all network transactions make use of this scaling solution. A lot of service providers have struggled to integrate Segregated Witness into their existing code. It now seems that struggle will finally come to an end.

With the latest 0.16 Bitcoin Core client, SegWit support is enabled by default. The user wallet interface allows anyone to use this scaling solution without tinkering or advanced knowledge. Making this scaling solution more approachable has been a battle of its own kind over the past few months.  If enough users upgrade to the new client, we may finally see things improve for the Bitcoin network as a whole.

The Rising Bitcoin Price

For service providers, this upgrade will be considered to be a welcome change. Although this is a user-oriented SegWit solution first and foremost, exchanges and wallet providers will benefit from it as well. More specifically, the integration of this scaling solution may go a lot smoother. It will take some time until SegWit becomes the default solution on the Bitcoin network.  

This news comes at an interesting time for Bitcoin. After a slump during the first six weeks of 2018, the Bitcoin price is rebounding strongly. It seems money is flowing into all cryptocurrencies once again. If Bitcoin can become a peer-to-peer currency again, this value will only continue to skyrocket. At the same time, the market price is mainly based on speculation first and foremost.

A switch to SegWit-by-default may also improve merchant support again. Several companies dropped Bitcoin support over the high fees and transaction delays. If those are non-issues in the future, spending the world’s leading cryptocurrency will become easier again.  Additionally, the Bitcoin Dominance Index has been on the rise as well. Right now, Bitcoin is one of the strongest climbers in all of cryptocurrency. Even so, we will have to wait and see how things evolve as far as this new update is concerned.

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HIBCC and Chronicled Announce HIN Data Integration Within the MediLedger Network Blockchain 6201

he Health Industry Business Communications Council (HIBCC), in partnership with Chronicled, is pleased to announce that its Health Industry Number (HIN) System is now available to registered HIN licensees via Chronicled’s blockchain-enabled MediLedger Network. By using Mediledger, HIN pharma industry licensees will both be able to access and use real-time HIN data and incorporate it directly into live business processes.

Manufacturers, Distributors, and GPOs on the MediLedger Network use its Contracts & Chargebacks Solution to ensure pricing contracts are aligned. The solution guarantees that distributors always have valid pricing for customers (Hospitals, pharmacies, clinics, etc.) and that chargebacks are accurate.

HIBCC’s HIN data is a crucial part of identifying which customers are eligible for which contracts. Through the solution, when HIN records are updated, all participants see the same changes in real-time. Thus, there is no confusion related to customer HIN identity when processing a chargeback.  Manufacturers can also now automatically incorporate HIN data updates into business processes such as Class of Trade determination and contract eligibility. Automated integration of HIN data is a significant step towards enabling manufacturer’s to proactively determine contract eligibility for all customers, so distributors don’t have to guess what pricing to offer new customers, which is historically a common source of chargeback errors and disputes.

HIBCC’s HINAPI Service integration with the MediLedger Network, developed and maintained through collaboration with Chronicled, will link the HIN System Database directly with network participants. Consistent and real-time HIN data is distributed through blockchain and is available to every licensed participant in the MediLedger Network.  HIBCC CEO Robert Hankin, Ph.D. stated “Deployment of our HIN database within Mediledger’s blockchain technology represents a significant development that promises to further streamline the use of HIN data by many of our licensees, and our collaboration with Chronicled is a milestone for the industry standards process.”

With the HIN data now integrated into the MediLedger Network, all of the benefits of HIN data in the Contracts & Chargebacks Solution can be replicated across other solutions developed for many other processes between trading partners. Susanne Somerville, CEO of Chronicled, said “Incorporating HIN data into the MediLedger Network is an incredible example of the value MediLedger can offer as a platform. Future solutions can now be developed with HIN data already established as a key building block. We are very excited about the partnership with HIBCC and all the ways we can work together to bring efficiency and accuracy to the pharmaceutical supply chain.”

HIBCC
HIBCC is an industry-supported and internationally accredited nonprofit standards development organization. HIBCC develops electronic communication standards that meet the unique requirements of the healthcare industry, including the widely-used Health Industry Number (HIN) System, and the US FDA and EU accredited Supplier Labeling Standard.

Chronicled 
Based in San Francisco, Chronicled is a technology company developing solutions that bring trust, efficiency, and automation to the Pharmaceutical and Life Sciences industry. Chronicled is the custodian of MediLedger, an open and decentralized blockchain-based network that connects trading partners and enforces cross-organization business rules without revealing private or competitively sensitive data. MediLedger currently facilitates solutions in the Supply Chain and Revenue Management functions within the Pharmaceutical industry.

World’s Leading Digital Currency Machine Company Deploys 1,000th Kiosk 5885

Coin Cloud, the world’s largest Digital Currency Machine (DCM) company, is proud to announce its record-breaking 1,000th kiosk installation at Vallarta Supermarkets on 47th St. in East Palmdale, CA. This milestone for Coin Cloud coincides with widespread digital currency adoption.

“Our 1,000th installation is the result of exponential growth. We deployed over 120 kiosks this week, and doubled our installed base every six months for the last two years,” says Chris McAlary, CEO of Coin Cloud. “It’s exciting to see consumer and retailer demand for DCMs grow so quickly. People want more control over their finances, and we’re living proof of digital currency’s mainstream acceptance.”

Coin Cloud Market Leadership

Coin Cloud is unrivaled as the only national operator of 100% two-way DCMs. These machines empower users to buy and sell bitcoin and numerous other digital currencies with cash at any Coin Cloud location. Currently, 61% of two-way DCMs in the USA are owned and operated by Coin Cloud.

“Our machines meet a critical consumer need because they grant anyone an instant, trusted gateway to the digital economy,” McAlary points out. “We make the intangible tangible, converting digital currency to physical currency and vice versa on demand. Previously, digital currency users would have to meet in person to trade bitcoin for cash. Coin Cloud’s integration of DCMs with digital wallets are becoming the cash machines of the 21st century. They are being embraced and taking over at an ever-increasing rate.”

Coin Cloud offers a free mobile wallet app to complete a seamless customer experience. Live, US-based customer support is readily available by phone, email or text, seven days a week.

Coin Cloud’s retail partners are going all-in on this trend. Proven to be a profit powerhouse, these machines deliver some of the highest revenue per square foot in retail, surpassing the performance of self-service kiosk superstars like Redbox and Coinstar. They propel additional traffic into stores while boasting a tiny footprint. The company’s leading-edge two-way kiosk promotes customer confidence, loyalty and repeat store visits.

Digital Currency’s Mainstream Adoption

Almost 90% of Americans have heard about Bitcoin, and 15% now own digital currency themselves. Remittance, savings, investment, in-game currency, and online or international purchases are among the most popular use cases for digital currency. Many unbanked and underbanked individuals are also adopting digital currency as a way to store and send money. Shopping trends are skewing digital, and a recent Blackhawk Network survey found that 88% of respondents use a digital wallet of some kind.

“As more people embrace digital currency, we want to make it as easy and accessible as possible,” emphasizes McAlary. “The self-service kiosk has proven to be the perfect portal between cash and the modern mobile wallet economy.”

Coin Cloud Growth & Projections

Coin Cloud is the largest and fastest-growing cash retailer of digital currency, being the first DCM company to deploy 1,000 installations in September 2020. As the first national brand for DCMs, Coin Cloud has introduced digital currency to consumers in mainstream retail by providing more than 5 million transactions to customers across 40 states and Brazil.

Coin Cloud is bringing digital currency machines to every street corner. The brand continues to install DCMs in easily-accessible locations worldwide, including scaled implementations with iconic retailers.

An Overview of the StormGain Cryptocurrency Platform 6361

StormGain

The major players have already successfully cemented their positions in the cryptocurrency market. As a consequence, new platforms appear much less frequently than they did five years ago. And this is precisely why much more attention is now paid to new entrants to the market. One of the newest and most up-and-coming players in the cryptocurrency market is StormGain. Today, we are going to take a closer look at this platform’s features.

An introduction to the StormGain cryptocurrency platform

StormGain started operations in 2019. The target market for this cryptocurrency platform consists of both beginners and experienced cryptotraders – cryptocurrency enthusiasts who need to be able to quickly and efficiently convert their digital money. Among these, there are also cryptocurrency investors looking to earn a stable income.

StormGain users are able to choose from a large selection of trading instruments. These include both in-demand crypto instruments, such as Bitcoin, Ethereum and the like, as well as less popular options like Tron, Bitcoin Gold, etc.

Even though the platform is relatively new to the market, it has already made a good reputation for itself. The traders who use it often compare it to services like Kraken and Huobi Binance. In addition, StormGain is also the official sponsor of one of the English Premier League’s leading clubs – Newcastle United, which is a significant factor for earning the trust of users and potential clients.

Registration

The registration process has been made as simple as possible when compared to many other platforms. To register, all you need is an email address and phone number. The user then enters any other necessary details via their personal account.

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The registration process is similar to those of other cryptocurrency providers:

  1. First you go to the “Registration” tab.
  2. Then, you enter your personal information (email address, phone number and password) and agree to the Terms of Use.
  3. Finally, you must confirm the email address you provided at registration (required for the deposit/withdrawal of funds).

Once you’ve done that, you will then be able to use all the features of the cryptocurrency platform.

Deposit and withdrawal of funds

As already mentioned, the platform only supports cryptocurrencies, which facilitates easy wallet deposits and withdrawals.

If you have used other wallets to store cryptocurrency in the past and still have coins left in them, all you need to do is perform a simple inter-wallet transfer to fund your StormGain account with any of the cryptocurrencies supported by the platform. It’s worth noting that the main cryptocurrency used on this platform is Tether. This means that all payments will be carried out using this currency.

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StormGain charges no commission on deposits made in cryptocurrency. That said, there are minimum deposit amounts in place (for example, for Tether this is 50 USDT and for Bitcoin it is 0.005 BTC).

The second option for depositing funds to your wallet involves the use of third-party services enabling the exchange of fiat money for cryptocurrencies. To use this method, you’ll need a StormGain wallet address.

The developers of the StormGain platform took great care to make it as easy as possible to add funds to your account and have even provided the option of depositing funds directly to your wallet via your debit/credit card. To do this, all you need to do is select the desired cryptocurrency and the corresponding payment method from the list. However, you should be aware of the following restrictions:

  • the maximum deposit amount is USD $20,000;
  • a commission of 5% of the deposit amount (but not less than USD $10) will be charged.

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Although StormGain charges a debit/credit card deposit fee, this method eliminates the need to use third-party services. All transactions take place within the StormGain trading platform and are conducted automatically over encrypted connections. As a result, transaction speeds are much faster and your funds are much better protected.

Withdrawals are also processed very quickly. If you are going to withdraw funds to a cryptocurrency wallet, then all you have to do is select the cryptocurrency you need and enter the wallet address. Commission on crypto transactions is fixed at 0.1%, regardless of the currency you are withdrawing.

Trading

StormGain offers much higher leverage than most other platforms. This is one of the key advantages StormGain has over other trading platforms and we will talk more about it in this section.

StormGain offers trading in all the most popular cryptocurrencies, including Bitcoin, Tether, IOTA, Bitcoin Cash, Monero and many more besides. In total, around 30 cryptocurrencies are available to trade on the platform, which is enough to satisfy the needs of the majority of cryptocurrency users.

Cryptomarket analysis tools

The platform provides more than 40 indicators to assist with technical analysis. These include ready-made graphic patterns and profit/risk calculators.

Particular attention should be paid to the traders’ sentiment indicator, as it has a great influence on any strategy modifications. This gives StormGain a huge advantage over other cryptocurrency platforms since the provision of such an indicator is rare. It helps users identify the prevailing trend and make decisions about future trading operations.

Order types

StormGain offers four main types of orders. The first is the Market Order, which is the default option and corresponds to real-time trades. The second type is known as a Limit Order. It involves buying or selling assets when their price reaches a certain level. In addition to these, StormGain also supports Stop Loss and Take Profit orders, which are used respectively to limit losses or lock in profits before its too late.

Multiplier

The multiplier is one of the StormGain trading platform’s core selling points. It is no secret that many platforms allow cryptotraders to risk more funds than they have available on their account.  For the purposes of comparison, the world-famous cryptocurrency platform Binance allows users to trade with leverage of 1:5. The same amount of leverage is also available on Huobi. Meanwhile, a platform as popular as Cex.io only allows leveraged trading up to 1:3. StormGain, on the other hand, offers multipliers up to 1:200. This is much higher than the amount offered by other platforms.

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This multiplier allows you to benefit more from less intense price movement, even if your starting capital is very small. Nonetheless, it is worth remembering that using a multiplier also increases your risk when trading.

Platform features

StormGain provides a lot of bonuses and special features for its users. It was precisely these bonuses and features that enabled the platform to quickly gain in popularity and build trust among cryptocurrency traders.

Extended loyalty programme

The StormGain platform provides its users with some of the best trading terms around. The company offers several different loyalty levels, each with its own unique set of bonuses.

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As you can see, your individual account type can greatly improve the terms you receive as a trader on the platform. The higher your account status, the more bonuses you will be eligible for. These might include, for example, an increased bonus for account deposits or a discount on trading commission.

How to qualify for a given status

Each user is automatically assigned a certain status depending on their account balance or monthly trading volume. In other words, the more active you are, the higher your status. Likewise, if your activity drops over the course of a given month, your status will also drop.

Mobile trading

StormGain has its very own trading platform, which is also available for Android and iOS. This means that you can always keep abreast of any developments on the cryptocurrency market and carry out transactions from almost any device, anywhere. As the cryptocurrency market is open for trading 24/7 (including weekends and public holidays), this allows users to quickly respond to market events as and when they take place.

Training

The platform provides plenty of great opportunities to help you prepare for your first real trade. If you take look in your account, you will find video tutorials that deal with everything from the ins and outs of trading with StormGain to basic trading skills. These lessons will be very useful both for newbies at the beginning of their cryptotrading journeys and experienced traders looking to refresh their knowledge.

What’s more, the StormGain trading platform also allows users to practice making trades on a free demo account. The demo account gives everyone the opportunity to try their hand at trading without the need to risk their own funds.

It’s important to note that the demo account is available for use at any time. Therefore, even if you are already well-versed in trading, you can always switch from your real account to a demo account in order to test out new strategies.

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Security

Security has always been a very important element of any online service. But when it’s also client funds and not just user data that is at stake, then any platform for trading cryptocurrency must provide the highest level of protection. What kind of protection is offered by StormGain?

First off, it provides the ability to create a “cold wallet”. This is one of the unique features of the StormGain trading platform. On most platforms which deal with a large number of different cryptocurrencies, there are no “cold wallets”. This type of wallet exists offline and is immune from any malicious intruders.

The second key feature is the ability to activate two-factor authentication using Google Authenticator. The StormGain team strongly recommends connecting 2FA so that your account is protected even in case of the loss of login data.

The StormGain platform is trusted by users worldwide. The partnership with Newcastle United football club plays an important role in this. In addition, the platform is a member of the Blockchain Association which itself operates under under the auspices of the Financial Commission.

Support

The level of customer support can make a platform the best in the world or make its users hate it. For cryptocurrency platforms, the customer service element is no less important than that of making the service secure.

StormGain offers customer support via:

  • online chat;
  • Telegram;
  • e-mail;
  • telephone.

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In other words, all the ways of communication with the project team have been thought out. Depending on your problem and preferences, you can choose any method and quickly find a solution.

Conclusion

The StormGain cryptocurrency platform is a fairly young project. Nevertheless, in just over a year and a half of its existence, it has been able to earn the trust of its users and demonstrate excellent quality of services.

One of the platform’s “disadvantages” is that the minimum deposit amount is quite high. But given the extensive functionality, the presence of a loyalty and training program, the high level of security and other positive aspects offered by the StormGain trading platform, it can be argued that this platform has high potential. StormGain directly competed with the established leaders in the cryptocurrency trading platform market and is a great choice for both beginners and experienced traders.

Communities Will Shape the Next Revolution in Business, Says Coupa CEO 5738

The power of community will fuel a revolution in the way we do business. This is the premise of Coupa Chairman and CEO Rob Bernshteyn’s new book, Smarter Together: How Communities are Shaping the Next Revolution in Business, which published today (Greenleaf Book Group, September 2020).

The book’s core idea is that none of us is as smart as all of us, and that leveraging anonymous, aggregate data from all members of the community will be the answer to the question of where we can find additional information to drive value in today’s increasingly competitive marketplace. Bernshteyn refers to this concept as Community Intelligence, and views it as a game-changer that will enable businesses to operate with more efficiency and agility in the future.

“The confluence of community and technology in the enterprise software industry is showing signs of incredible potential. Finally, we are amassing enough data, generating the computing speed required, and thus starting to gain the benefits that are coming with instant information sharing and collaboration,” said Bernshteyn. “I couldn’t be more convinced that now is the time for businesses to adopt Community Intelligence, which is in part, why I wrote the book. It’s very much a call-to-action to join this revolution, and in doing so, we will all become smarter together.”

“In the past two decades, the most powerful consumer companies building the best products and business models have leveraged Community Intelligence in new ways to deliver tremendous value to users, to partners, and to investors. In the near future, most enterprise companies will either adopt this weapon or be destroyed by new entrants to their fields who do,” said Noam Bardin, CEO at Waze. “Rob Bernshteyn’s book is a great analysis of this weapon and a practical guide to how to use it in the business, rather than consumer, market. Your current or future competitor is reading it and applying it to your industry. Ignore it at your own peril.”

Monero Outreach: Algorithm Battle Flares Between CipherTrace and Monero 5818

Contradicting claims were exchanged this week between cryptocurrency analytics firm CipherTrace and the Monero community after a press release from the firm claimed the ability to trace the movement of the Monero cryptocurrency. The CipherTrace press release spawned counters from the Monero community, including videos, public statements, and memes.

Many cryptocurrencies, including Bitcoin and Ethereum, use a transparent blockchain, where sending addresses and receiving addresses are broadcast for all to see. When these addresses are connected to individuals using data outside the blockchain, it discloses the spending and receiving patterns and connections of those individuals.

Monero is an open-source community-driven cryptocurrency focused on preventing this type of surveillance. Monero’s cryptographic algorithms prevent most blockchain analysis. By looking at the Monero blockchain alone, senders, receivers, and amounts in transactions cannot be determined. This protects Monero users even when an address owner happens to be identified using information outside the blockchain.

Because of this, CipherTrace’s Monero-tracing claim in its August 21, 2020, press release (ciphertrace.com/ciphertrace-announces-worlds-first-monero-tracing-capabilities) was unprecedented.

“Monero (XMR) is one of the most privacy-oriented cryptocurrencies,” said Dave Jevans, CEO of CipherTrace, in CipherTrace’s press release, and, “CipherTrace is proud to announce the world’s first Monero tracing capability.”

The announced work in part satisfied a US government contract, with Mr. Jevans acknowledging in the press release, “we are grateful for the support of the Department of Homeland Security’s Science & Technology Directorate on this project.”

MyBTC.ca Now Let’s Canadian’s Buy Bitcoin with Credit Cards Instantly 6268

MyBTC.ca

Bitcoin is showing strong signs of going parabolic before Christmas. As a result, thousands of Canadians are scrambling to buy a stake in the world’s favorite cryptocurrency. Doing so is also easy, thanks to MyBTC.ca now making it possible to buy Bitcoin with credit cards in Canada in a matter of seconds.

Being Able to Buy Bitcoin with Credit Cards in Canada is a Big Deal

Buying Bitcoin in Canada hasn’t always been as easy as you might think. Even today, Canadian’s who use international exchanges like Coinbase often have to wait for 2-weeks to have exchange accounts verified. This is why the past year has seen local exchanges like MyBTC.ca skyrocket in popularity.

Sadly, even when using local exchanges, paying for Bitcoin via bank transfer can still take up to 24-hours. Now, though, this is no longer the case.

How to Buy Bitcoin with Credit Card or Debit Card Instantly

Starting in time for this year’s Bitcoin bull run, MyBTC.ca has launched a new instant credit and debit card Bitcoin  payment portal powered by Simplex.

  • Buying Bitcoin is now as easy as entering the amount of BTC you want to purchase, followed by your Bitcoin wallet address.
  • After one-time identity verification with Simplex, all transactions settle instantly.

Now Canadian’s Can Buy Bitcoin Instantly at Current Market Rates

Until now, one of the only ways to buy Bitcoin instantly in Canada has been via Bitcoin ATMs. Sadly, Bitcoin ATMs charge high-fees. Using ATMs can pose more than a few physical security risks. Thankfully, Canadians can now buy Bitcoin instantly at current market rates, right from the comfort of their own smartphone. Don’t get left behind by the next Bitcoin bull run. If you are in Canada, visit MyBTC.ca now to buy Bitcoin faster, more securely, and more affordably, than at any other exchange.