Mark Cuban Claim the Dallas Mavs Will Soon Accept BTC and ETH Payments 31

Getting more businesses to accept cryptocurrency is anything but easy. Price volatility, high transaction fees, and slow confirmations are all holding Bitcoin back right now. According to Mark Cuban, things will change for the better very soon. More specifically, Cuban is also the owner of the Dallas Mavericks sports franchise. He told Twitter the team will start accepting Bitcoin payments next season. An intriguing development which leads to plenty of speculation.

It would be a major feather in the cap if another NBA team started accepting Bitcoin. More specifically, Mark Cuban claims that will be the case as far as the Dallas Mavericks are concerned. It will seemingly apply to game tickets, but there has not been any official confirmation as to how this will play out. Cuban told Bloomberg Bitcoin will not be the only cryptocurrency payment option. That in itself is interesting but also more than warranted. Bitcoin is not in the best of places right now. Some other currencies make a far stronger use case than BTC right now.

Mark Cuban Makes Some Major Promises

According to Mark Cuban, Ether will be a second cryptocurrency payment option. The choice for Ethereum’s native token is rather interesting. Similar to Bitcoin, Ethereum struggles with network congestion on occasion. Moreover, its network fees are also higher than they should be, albeit much lower than Bitcoin’s. Adding these two currencies would be an interesting start, to say the least. Moreover, the Dallas Mavericks might accept tokens as well. This will only apply to tokens issued by companies the team has business relationships with.

It is uncanny how Mark Cuban did a complete 180 on cryptocurrencies. Six months ago, he claimed bitcoin was in a bubble waiting to burst. At the end of 2017, he finally decided to invest in cryptocurrency. He’s also involved in a digital token and a blockchain fund. It is evident Cuban has finally seen the light, although things can always change in a heartbeat. After all, the cryptocurrency markets are currently in a state of mass panic.

For now, all of these proxies need to be taken with a grain of salt. Business people will gladly say one thing and do the complete opposite in the end. The Dallas Mavericks are a major sports franchise. Associating with cryptocurrencies can be both beneficial and a major risk at the same time. Rest assured there is still a lot of work to be done before these promises become a reality. In fact, it may never happen, for all we know. Mark Cuban certainly is an intriguing figure, but nothing he says should be taken at face value.

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Altcoins: ETC, IOTA, ADA, TRX and XLM 9028

Altcoins

ETC/USD

Ethereum Classic (ETC) was the best performer of the past seven days by a huge margin. A bulk of its rally can be attributed to the forthcoming Atlantis hard fork, scheduled for next month, which aims to address security concerns of the community. ETC Labs announced that London-based token investment group North Block Capital has joined its Studio program. Both entities will work together to create comprehensive token sale initiatives for North Block Capital investments, clients and partners. The companies will also endeavor to expand to Asian markets. After the sharp rally, can the momentum continue or will profit-booking drag prices down? Let’s analyze its chart.

ETC/USD

After trading in a small range for the past five weeks, the ETC/USD pair made a decisive move this week. It has broken out of both moving averages, which is a positive sign. If bulls can sustain the momentum, a rally to $10 is probable. $10 is likely to act as a stiff resistance because the price had turned down from it on two previous occasions. A breakout of this resistance will start a new uptrend that can carry the price to $15 and above it to $20.

Conversely, if the pair turns down from $10, it might extend its stay inside the wide range. The longer the consolidation, the stronger and more reliable will be the eventual breakout from it. Traders can buy on dips to $6.50 next week and keep a stop loss of $5. If the support at $5 breaks down, the pair can drop to the bottom of the range at $3.40.

IOTA/USD

MIOTA (IOTA) was the second-best performer of the past seven days. EDAG announced that it will showcase its EDAG CityBot multifunctional robotic vehicle, which uses IOTA’s machine-to-machine payments. A new parking app developed by trive.me also utilizes IOTA’s Tangle. Is this a good time to buy?

IOTA/USD

The IOTA/USD pair is trading inside a wide range of $0.244553 and $0.541. One of the reliable strategies to trade a range-bound market is to buy on a rebound from support and sell closer to resistance. The bears attempted to break below $0.244553 last week, but did not find sellers at lower levels. This week, the sharp bounce suggests that buyers are keen to defend the support. Therefore, traders can buy above $0.28 and keep a stop loss of $0.20. The first target objective is $0.38 and above it $0.541.

If bulls fail to build on the bounce, bears will make another attempt to break below the yearly low of $0.207622. It this support cracks, the next target on the downside is $0.14.

ADA/USD

Cardano (ADA) is attempting to make its way back into the top-10 cryptocurrencies by market capitalization. Has it turned positive? Let’s analyze its chart.

ADA/USD

After failing to scale above the overhead resistance zone of $0.10–$0.11151 in late June, the ADA/USD pair has corrected close to the support at $0.035778. If this support breaks down, a retest of the yearly low at $0.0282710 is possible. With the price trading below both moving averages, the advantage is with he bears.

Still, as the price is close to the support of the range, traders can attempt to buy on a strong bounce off $0.035778. The stop loss can be kept below the yearly low of $0.028. There is a minor resistance at $0.0580828 and above it at the moving averages. A breakout of moving averages can propel the price to $0.10.

Our bullish view will be negated if the price turns down from the moving averages and plunges below the yearly low.

TRX/USD

The number of Tron (TRX) DApps has continued to rise, reaching 561, according to DAppReview. Both transaction time and transaction volume also increased by 30% over the previous week. Is the cryptocurrency ready for a reversal? Let’s find out.

TRX/USD

The failure of bulls to propel the TRX/USD pair above the overhead resistance of $0.04 in late June attracted sharp selling. Though the price has broken below the strong support at $0.01774, the bears have not been able to capitalize on the breakdown. This shows a lack of sellers at lower levels. The pair is currently finding support near $0.016. However, as long as the price remains below the downtrend line, there is a risk of a fall to the yearly low at $0.01124.

Conversely, a breakout and close (UTC time) above the downtrend line on a weekly basis will be the first signal that buyers are back in action. The recovery will face resistance at the moving averages and above it at $0.03. As the rebound from the support is weak, we suggest traders wait for the price to break out and sustain above the downtrend line before attempting long positions.

XLM/USD

Stellar (XLM) rounded up the top five with a flat performance in the past seven days. Can it build on its gains or will it decline again? Let’s analyze its chart.

XLM/USD

The XLM/USD pair has been making new yearly lows in the past two weeks. This shows that the trend is down. Both moving averages are sloping down and the RSI is in the negative zone, which suggests that bears have the upper hand. However, the downtrend has not picked up momentum after breaking down of the strong support at $0.072545. This shows that investors do not want to part with their holdings at these levels.

Nevertheless, the absence of a strong bounce indicates a lack of urgency among bulls to buy at the current levels. Though there might be a short-term bounce, investors should avoid it. We will wait for the price to sustain above $0.072545 for more than a week before proposing a trade in it.

Market data is provided by the HitBTC exchange.

Use dapps on any desktop browser with Coinbase Wallet’s WalletLink 10062

Coinbase Wallet

Coinbase Wallet users can use their favorite decentralized apps (dapps) on any desktop browser with Coinbase Wallet’s WalletLink. WalletLink acts as a secure bridge between your Coinbase Wallet app and your desktop browser. To get started, all you have to do is scan a WalletLink QR code with your Wallet app. You can then use dapps anywhere, while keeping your funds safe and secure on your mobile Wallet app.

Taking the dapp out of the dapp browser

Since we launched Coinbase Wallet, hundreds of thousands of users have explored the new decentralized web through Wallet’s mobile dapp browser. People tell us they love the best-in-class Coinbase Wallet experience–biometric authentication to keep funds secure; encrypted key backups; support for a variety of coins and collectibles; access to the latest dapps–all wrapped up in a beautiful user experience.

But to date, the Coinbase Wallet experience has been limited to mobile devices. Users on desktop web browsers have had to resort to installing clunky browser extensions, copying and pasting private keys across devices, and seeing fragmented wallet balances. Now, WalletLink enables a simpler way to use dapps.

To try WalletLink, make sure you’ve updated to the latest version of Coinbase Wallet (version 19.1 on iOS and 18.0 on Android). Now visit any of the dapps that have integrated with WalletLink (listed below, with more on the way) and click the option to connect your Coinbase Wallet. Next, scan the QR code with your Coinbase Wallet QR scanner. This creates a secure encrypted link between the Wallet app and your browser. Finally, approve access to the DApp and you’re all set! Now, whenever you submit a transaction, you’ll get a ping on your phone for you to approve the transaction.

WalletLink also supports persistent connections to multiple dapps, so you don’t have to scan a QR code each time you want to use a new dapp.

WalletLink has been tested with Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, and Opera browsers. We plan to roll out support for native mobile apps and more currencies in the future.

Top dapps support WalletLink, with more coming soon

As part of today’s announcement, some of the most popular crypto dapps in the ecosystem are launching support for WalletLink, including:

  • Compound — On-chain borrowing and lending platform
  • dYdX — Margin trading, borrowing, and lending
  • IDEX — Decentralized exchange
  • Maker — Stablecoin and decentralized reserve bank

WalletLink support is also coming soon to Uniswap and more of the most popular dapps.

If you want to know if your favorite DApp supports WalletLink, look for the option to connect your Coinbase Wallet. If you are a DApp developer, WalletLink takes just 5 minutes to integrate and does not require you to deploy any additional infrastructure.

Open-sourcing WalletLink

We see WalletLink as a critical way to expand access to dapps, which is why we want this experience to be available to everyone in the crypto community. To make that possible, we’re open sourcing WalletLink today and making it available for any dapp developer and any wallet that wants to integrate it into their product.

Look out for a blog post on the technical side of WalletLink, explaining how it works and why we decided to open source it.

Malicious Cryptojacking Code Found in 11 Ruby Libraries 10373

digital currency

Cryptojacking software has been found in 11 code libraries for the programming language Ruby—exposing thousands of people. The latest heist, discovered yesterday on code repository Github made use of a package manager called RubyGems, a popular program that allows developers to upload and share improvements on existing pieces of software.

The hackers hid their code in 11 popular libraries on RubyGems by downloading the software, infecting them with malware, then re-uploading them to RubyGems under new names. The infected libraries were downloaded over three and a half thousand times.

Five of the eleven libraries were specifically related to crypto, with names such as doge_coin, coin_base, and blockchain_wallet, and were downloaded over a thousand times.

Out of these, coin_base and blockchain_wallet were downloaded the most. Infected versions of coin_base were downloaded 424 times since July 9th, and blockchain_wallet was downloaded 423 times since July 10th, when the libraries were first uploaded.

Cryptojacking software is designed to illicitly mine cryptocurrencies on the unsuspecting user’s computer and send them back to the mastermind of the operation. Traditionally, Monero is the favored cryptocurrency as its anonymous. The RubyGems hack is the latest in a slew of crypto-mining hacks. Just last week, Varonis Security Research discovered a new type of crypto-mining malware—which for some reason they called “Norman”—running on a company’s computer systems for over a year.

A recent report by Check Point Security noted that while cryptojacking is still popular, it’s on the decline. In the first half of last year, 42 percent of organizations worldwide had been infected by crypto-miners at some point. For the same period this year, just 26 percent.

Check Point says that the fall is probably down to the closure of crypto-jacking service Coinhive, which shut its doors in February. Now, crypto-jackers are looking to exploit cloud computing systems, which crypto-jacker researcher Troy Mursch says are the real moneymakers.

WhatsApp in Talks to Launch Crypto Mobile Payments in Indonesia 10456

Indonesia

Facebook Inc’s messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services, in a bid to tap the nation’s fast growing e-commerce sector, people familiar with the matter said. Indonesia could become the second country worldwide where WhatsApp introduces such services, as it awaits regulatory approval from India, its biggest market by users, that has been delayed due to local data storage rules.

But unlike in India where it plans to offer direct peer-to-peer payment services, WhatsApp will simply serve as a platform in Indonesia supporting payments via local digital wallets due to tough licensing regulations, the sources told Reuters.

The Indonesia model could become a template for Whatsapp to adopt in other emerging markets to get around regulations on foreign players creating their own digital wallets, the sources said.

Indonesia, home to 260 million people and Southeast Asia’s largest economy, is one of the top-five markets globally for Whatsapp, with over 100 million users.

The nation is set to see its e-commerce industry tripling to $100 billion by 2025, according to some estimates, but it also has some of the region’s strictest digital payments regulations.

WhatsApp is in advanced talks with several digital payments firms including ride hailer Go-Jek, mobile payments firm DANA, backed by China’s Ant Financial, and fintech startup OVO, which is owned by Indonesian conglomerate Lippo Group and is also backed by ride hailing company Grab, the sources said.

Deals with the three firms are expected to be finalised shortly, the people said, declining to be named as the talks are private.

WhatsApp has also approached state-owned Bank Mandiri (BMRI.JK), which operates a digital wallet, they said.

The Indonesia plan comes after Facebook CEO Mark Zuckerberg announced earlier this year that it would be rolling out WhatsApp payments to “some countries”.

“As Mark has said earlier this year… we are looking to bring digital payments to more countries,” a Facebook spokeswoman told Reuters.

“WhatsApp is in conversations with financial partners in Indonesia about payments, however the discussions are in early stages and we do not have anything further to share at this stage.”

Go-Jek declined to comment. DANA, OVO and Bank Mandiri did not immediately respond to requests for comments.

A spokeswoman for the Mandiri-backed e-wallet LinkAja said she could not confirm any talks with WhatsApp.

EPAM Joins Blockchain in Transport Alliance, the World’s Largest Commercial Blockchain Association 10287

EPAM Systems, Inc., a leading global provider of digital platform engineering and software development services, today announced that it has joined the Blockchain in Transport Alliance (BiTA). BiTA is the largest commercial blockchain alliance in the world and develops blockchain best practices and standards in the transportation, logistics and supply chain industry. As one of BiTA’s member organizations, EPAM will leverage its software engineering expertise to help the alliance drive standards and enable blockchain technology adoption.

“With all the buzz and hype in the market, some companies assume that blockchain is the ultimate be-all, end-all solution for any business challenge. At EPAM, we’re working closely with our customers to help them truly understand how they can utilize distributed ledger technology, in combination with our other solution offerings, to increase efficiency and unlock new business models,” said Jitin Agarwal, VP, Enterprise Products, EPAM. “With over 25 years of software engineering expertise, we’ve helped our customers through each wave of technology change, and we’re excited to work with BiTA and other industry partners to help our clients navigate this emerging technology and realize the real business benefits of blockchain.”

EPAM has identified 21 blockchain use cases across six industries, including agriculture, consumer packaged goods, manufacturing and retail, insurance, healthcare, life sciences and transportation and logistics. With over 30 engagements and 15 working prototypes, EPAM helps its customers create enterprise blockchain solutions from scratch and integrate enterprise IT ecosystems to external blockchains, resulting in increased traceability and greater customer trust and engagement.

“On behalf of the members of BiTA, I welcome EPAM Systems to the Alliance,” said BiTA President Patrick Duffy. “EPAM’s real-world blockchain expertise will be valuable as the organization moves forward in its development of additional standards for the global transportation marketplace.”

Digix partners with UK-based Visa Debit Card Provider, Monolith, and international blockchain organization, MakerDAO, to expand its e-payment solution 10360

Monolith

London-based Monolith announces its partnership with international asset-based Decentralised Finance (DeFi) companies Digix and MakerDAO, to make their tokens loadable on the Monolith Visa debit card.

Taking Decentralised Finance mainstream with Monolith’s Visa debit card

As part of driving the everyday adoption of digital currencies in e-payments, the Monolith team is partnering with international blockchain companies MakerDAO and Digix to bring their respective digital currencies to the Monolith Platform.

Starting from the 15th of August 2019, users who sign up for Monolith will also be able to load their Monolith Visa debit cards with MakerDAO and Digix’s digital currencies through the Monolith mobile app. These currencies can be used for everyday transactions such as paying bills, purchasing goods or even to send and receive money.

Digix is the world’s first smart-asset company using blockchain that accounts for the authentication and provenance of 99.99% investment-grade gold bullions. Every DGX token represents 1 gram of gold that is stored in accredited precious metals vaults in Singapore and Canada. Retail investors holding DGX tokens can exchange their token back at Digix to redeem the physical investment-grade gold bullion.

To mark their partnership with Monolith, Digix is offering the first 1,000 users who activate their Monolith Card 0.1g of Gold in DGX tokens credited to their Monolith Wallet.

Raising the growth and applicability of Decentralised Finance internationally

The decentralized finance space has seen greater attention in 2019 with larger institutions seeing the potential for blockchain in payment processing. Monolith’s announcement comes at a time where prominent institutions such as Visa, J.P Morgan Chase, and Facebook have delved into blockchain-based projects of their own.

Through the Monolith platform and debit card which allows for usage anywhere that accepts Visa, European and London-based retail investors of Digix’s digital assets can now use DGX tokens for everyday purchases. With the credence of connecting with anywhere that accepts Visa, more blockchain-based companies like Digix can integrate their e-payment options to better serve everyday consumers.

“We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Rebranding to Monolith helps us achieve our mission of democratizing finance and bringing the Token economy to everyone while providing a unique service to our customers,” Mel Gelderman, CEO of Monolith said.

“MakerDAO and Digix are some of the most well-recognized and earliest Ethereum-based projects. For TKN holders, these partnerships mean that DAI, DGD, and DGX are now eligible for usage in the TKN Asset Contract. We’re thrilled to offer them on Monolith, and see this as the start of bringing many more quality tokens into the Monolith ecosystem. Watch this space.” he added.

Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings,” said Rune Christensen, CEO, and Cofounder of MakerDAO. “Their cards create a critical bridge from the world of DeFi to the more traditional world of retail.

“Monolith is a pioneer in the space of cryptocurrency cards. This partnership is driven by a common mission with Monolith to democratize access to cryptos to the majority, and increase the utility of blockchain assets, allowing blockchain assets to permeate into everyone’s daily lives.” Kai C. Chng, CEO of Digix said.


About Monolith

Monolith is a London-based banking alternative powered by Ethereum. Established in 2016, Monolith aims to bring the Ethereum economy to the real world.

Available on the App Store (iOS with Android to come), Monolith allows you to securely store ETH and ERC-20 tokens in your own decentralized Contract Wallet. You can then exchange them to fiat and preload them to your Monolith Visa debit card.

The Monolith token, TKN, gives community members a chance to share in the success of the Monolith card and is backed by a basket of Ethereum tokens that people use to pay for everyday purchases.

Find out more at https://monolith.xyz/