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eBay may opt out of PayPal and start accepting cryptocurrency for payment

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The Internet site can translate the plans announced in December 2017.

Although Lamborghini and parties on the yachts as a pre-party and a fter-party conference Consensus is not expected, but the bitcoin jerk led to the fact that the general optimism began to manifest itself in everything. And one cannot say that there is no basis for it: such a volume of transactions with cryptocurrencies ($ 29 billion per day) has never been observed.

Against the background of such a demand for digital assets, the emergence of information that the giant of world e-commerce, eBay, may begin to accept cryptocurrency for payment, does not seem to be an unusual rumor.

The reason for them was the appearance of two informational posters, from the content of which you can link eBay and payments by cryptocurrency.

They were originally photographed by one of the visitors to Consensus, and then became viral on Twitter and Reddit.

The media also drew attention to these posters, and it is no coincidence. The fact is that in February 2018, it became aware of a turning point in the development of eBay, when the giant of global e-commerce dispersed with the top management of PayPal and transferred payment processing to a technological solution from Adyen.

The reason sounded in the company eBay: Adyen allows you to process payments with lower costs. Investors in this small technology startup based in the Netherlands are “voting for it”: its capitalization has grown almost 10 times in a little more than a year, from 2.3 to 22.47 billion dollars at the current moment.

It also draws attention to the fact that, although PayPal continues to generally adhere to a cautious position with regard to cryptocurrencies, however, more bold statements about the future growth of Bitcoin’s prices are heard in the organization’s management. This sounds surprisingly contrasting against the backdrop of the fact that PayPal Vice President of Finance John Rainey continues to argue that "it is too early to say that the future of payments is behind Bitcoin."

At the same time, there is an obvious possibility that the corporation may join in the “cryptocurrency race”, given that JP Morgan is already participating in it, and also the social network Facebook will join in the near future.

What will eBay do?

Presumably, the site may develop cooperation with the blockchain platform UTRUST, in the leadership of which, ironically, since September last year, former PayPal employee Sanya Kohn has been working.

The UTRUST platform allows classic trading players to work with cryptocurrency payments, acting as a converter that converts digital assets into Fiat and credits them to the seller of goods or services.

At the same time, the commission is small – only 1%. Whether this cooperation will happen – time will tell. In any case, Scott Cutler, senior vice president of eBay Americas in December 2017, said that the company is “ seriously considering accepting Bitcoins for payment. ”

Publication date 14.05.2019
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Huobi Token overview: HT cryptocurrency features, where to buy and how to store tokens?

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Recently, the issue of own coins has become a very fashionable trend among cryptocurrency exchange exchanges . The exchanges use this method in order to expand the user base and attract more investments.

One of the largest marketplaces in the cryptocurrency market, the Huobi exchange , was no exception and also actively promotes its internal coin Huobi Token (HT). What advantages are the owners of cryptocurrency Huobi Token, we consider later in the article.

What is the cryptocurrency Huobi Token? History of creation

Prerequisites for the creation of cryptocurrency Huobi Token served as a ban on cryptoindustry in China in 2017. It was then that the management of the Huobi corporation had to take urgent measures to rehabilitate the business.

Due to the introduction of regulatory changes, the largest cryptocurrency exchange at that time, Huobi, whose main office was in Beijing, was discontinued. But after only a few months, the Huobi team moved its business to Singapore and launched a new project – Huobi Pro.

If the initial version of the Huobi Exchange was mostly aimed at users of China, then Huobi Pro headed for the international market. Huobi Pro uses the over-the-counter trading model (OTC) and has concentrated in itself all the necessary options for global traders. Despite this, the new project of Huobi Corporation did not show the volumes that the management expected. Trading volumes on Huobi Pro accounted for only 4-5% of the volume of the exchange before closing the business in China.

The “lifeline” in this situation was the decision of the leadership to launch its own cryptocurrency . This initiative was not aimed at creating a new asset for investment, but for the internal needs of the exchange — attracting new traders, increasing the loyalty of existing users, and also returning the exchange's leading positions in the ratings .

The launch of a new cryptocurrency did not follow the standard ICO scheme, which most projects use for the initial launch of coins. At the beginning of 2018, the exchange began to spread the internal cryptocurrency Huobi Token among the VIP users of the exchange. Traders were offered to buy a premium package of services that included a certain number of HT tokens. Becoming an HT holder, traders could use coins to pay commissions and other internal payments. This method of distributing coins was called the initial exchange offer (IEO).

In the first 2 weeks after launch, 60% of the total supply of coins, which amounted to 300 million tokens, shattered among the users of the exchange. The remaining 40% (200 million coins) were reserved by the company for life support of the platform.

The Huobi team also announced the parallel creation of the Huobi Investor Protection Fund (HIPF). In order to contain token inflation, Huobi Pro conducts quarterly repurchase of coins using 20% of its net profit. All collected funds are accumulated on a separate Ethereum wallet and are stored to compensate for any losses that may arise from users in the process of working with the platform.

To ensure the transparency of its activities, the company has opened access to viewing the balance of the HIPF wallet for everyone. Thus, Huobi tried to suppress the cryptocurrency volatility and create the most stable token.

The release of its own cryptocurrency helped to increase the capitalization of the platform and increase the level of customer retention by providing them with exclusive working conditions on the exchange. According to the company's management, the internal token of the exchange was to become a single link between the users of the exchange branches in South Korea, the USA, Australia, Canada and other countries.

The initiatives undertaken have really borne fruit and now the Huobi Exchange is ranked second in the rating of cryptocurrency exchanges according to CoinMarketCap.

By the way, for Huobi there is a large team of very competent developers and marketing specialists. Led by Leon Lee, a former Oracle programmer, the Huobi team has raised the project for the second time and raised it to the top.

Key features of HT tokens

The cryptocurrency Huobi Token is released on the Ethereum blockchain and complies with the ERC-20 standard. To a greater extent, the internal cryptocurrency of the exchange is a loyalty program for traders, so consider what advantages its holders receive.

Reduced transaction fees

The exchange system provides for discounts, which apply exclusively to customers with VIP-status. VIP client status is offered to Exchange users to purchase for the Huobi Token cryptocurrency. The discount depends on the level of your VIP-package, while the owner of the package with the highest VIP-level receives a 50% discount on all transactions that are made during the period of the service package.

The service package has no expiration date. All privileges you receive as long as you pay for a package subscription. This advantage is widely used by large investors and traders with large trading volumes, who through the use of VIP-status can save huge amounts of money on commissions.

Convenient exchange tool

HT makes a trading pair with the most popular cryptocurrencies, so this token is very convenient to use as a medium of exchange for the main cryptocurrencies. The most popular among traders are HT trading pairs with cryptocurrency Tether, Bitcoin and Ethereum.

Promotion of new tokens

HT owners always receive bonus coins from each listing of new cryptoactive assets on Huobi Pro.

Investor Protection Program

Due to the existence of the HIPF fund, all HT holders are insured against financial losses related to the instability of the cryptocurrency market, fraudulent activities or other losses related to the activities of the exchange.

Decision making

HT owners have a preferential right to participate in various surveys and polls related to the life and development of the Huobi Pro exchange. Voting may relate to the inclusion of a new cryptocurrency in the listing of the exchange or other issues related to the development of the ecosystem of the project.

Where to buy and how to store Huobi Token?

The easiest way to get HT coins is to buy them on the Huobi native exchange. You can buy Huobi Token for BTC, BTH, ETH, ETC, LTC and USDT. In addition, the coins are presented on the trading platforms of HitBTC, Bibox, BitMax, Gate.io, Yobit, LBank, etc.

For storage of HT, Huobi Corporation offers users the own development of Huobi Wallet. This is a multi-currency cryptocell , which can be used to store more than 1000 digital coins, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash and other cryptocurrencies.

Huobi Wallet has mobile versions for Android and IOS devices. This is a convenient and secure wallet, where users have full control over their assets through personal security key management.

The application has a simple and stylish design. At the same time, users can manage their own account by adding new digital assets as needed.

In addition to a separate application, Huobi Wallet, you can also use the coin storage function on the Huobi exchange. The exchange offers “cold” wallets and protects the assets of its users with the help of two-factor authentication and an anti-DDoS complex.

From third-party applications for storing HT coins, you can use any wallet that supports ERC20 tokens. Among them are Jaxx, Exodus, MetaMask and others. And, of course, the well-known hardware wallets Ledger and Trezor can always help.

It is important to note that by choosing third-party wallets for storing their coins, users are automatically deprived of the right to receive privileges from using the Huobi Token cryptocurrency. Therefore, it is still preferable to use official Huobi applications for storing coins.

Course and Capitalization HT Token

Cryptocurrency Huobi Token started trading on exchanges with a rate of $ 1.49 at the beginning of February 2018. At first, the price of Huobi Token kept at about the same level and did not exceed $ 2.

The most noticeable jump in the HT price was at the beginning of the summer of 2018. After just 4 months, the level of popularity of the coins took off, which in turn affected the rate. At the beginning of June 2018, the HT rate reached its maximum and amounted to $ 6.10 for 1 token.

The dynamics of the course Huobi Token :

As of July 2019, the price of Huobi Token cryptocurrency is $ 4.18, and the project's market capitalization exceeds $ 208 million. Huobi Token's cryptocurrency is ranked 36th in the rating of cryptocurrency by the level of capitalization according to Coinmarketcap.com . At the same time, the average daily trading volume is close to $ 110 million, and this is still a pretty good indicator for cryptocurrency, which is just over a year on the market.

As can be seen from the graph above, at the current moment, the HT rate starts to rise slowly, so from the point of view of investing, the token becomes relevant again. The recent launch of a new product from the developers of Huobi Corporation – a platform for IEO called Huobi Prime, as well as parallel tokenale coins of the Top Network (TOP) – has sparked interest in cryptocurrency.

Despite the fact that the main purpose of HT – the use of traders for intramarket payments, the investment attractiveness of the cryptocurrency Huobi Token is also at a sufficient level. Most often, coins become an object for short-term investments, in particular, the activity of investors increases during the periods before the redemption of coins for the HIPF Fund.

Huobi Corporation does not stand still and regularly launches new products for its customers, thereby keeping users' interest in HT coins. In fact, HT is the embodiment of the success of the exchange, so while we are seeing a growth in capitalization and the development of Huobi, HT will also grow steadily.

Publication date 07/20/2019
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How is the Bitcoin rate and capitalization associated with Tether (USDT) steblcoin emissions?

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Rumors about the relationship between the price of Bitcoin and Tether (USDT) have been around for a long time, but how true they are, you can only speculate. The total number of tokens in Tether’s turnover at the moment is about $ 200 million, in preparation for reaching $ 4 billion.

When Tether’s market capitalization reached a new high of $ 4 billion, Bitcoin stopped falling and began to grow again. Conjuncture? Maybe, maybe not.

However, it is obvious that Tether released 50 million just at the moment when Bitcoin finished making its way out of the rising wedge model.

Guess what happened next? Hint: Bitcoin unfolds and adds 12% per hour.

Bitcoin has always grown in value with the new issue of USDT. On July 8, the price of BTC increased significantly after 100 million tokens were issued. The July 9 reversal was eliminated when Tether printed another 100 million USDT.

The same effect was observed on July 14th. However, an even more interesting observation could be made when Tether “mistakenly” released 5 billion USDT.

On this occasion, Bitfinex technical director Paolo Ardoino tweeted:

“When preparing a swap from Omni to Tron, there was a problem with the decimal numbers of the token. Token burning operations can be viewed below. ”

The resulting 5 billion USDT errors were burned in two stages: first 4.5 billion and another 500 million. Poloniex confirmed this information.

Nevertheless, the effect of this event affected the price of Bitcoin, since in less than 3 hours it fell by 8%, and over the next day it continued to drop by an additional 11%, which contributed to a decrease in the BTC price from $ 10,600 to $ 9 100.

This finally brings us to yesterday's 50 million USDT, as a result of the emission of which the price of bitcoin made a 180 ° turn and began to rise.

In addition, Tether is the main platform for bitcoins and other major cryptocurrencies . As can be seen from the graph below, approximately 3.56 billion of all USDT are directly sent to bitcoins, which is more than enough to control the price of the king of cryptocurrencies.

Thus, the observation of the influence of Tether on Bitcoin from July 8 to July 19 showed a direct relationship.

Publication date 07/20/2019
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Apple co-founder Steve Wozniak invested in the Maltese blockchain company

Stephen Wozniak acted as an investor in the Maltese blockchain-company EFFORCE, which is creating solutions aimed at the efficient use of energy resources. At the same time, he joined the EFFORCE co-founders, reports Malta Independent. Wozniak made a statement at the Delta Summit conference, which will be held in Malta for the second time in October. According to the source […]

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Stephen Wozniak acted as an investor in the Maltese blockchain-company EFFORCE, which is creating solutions aimed at the efficient use of energy resources. At the same time, he joined the EFFORCE co-founders, reports Malta Independent .

Wozniak made a statement at the Delta Summit conference, which will be held in Malta for the second time in October.

According to the entrepreneur who stood at the origins of Apple, energy efficiency has always been of great importance to him and that the blockchain will help reduce the consumption of energy resources without forcing people to abandon their usual ways of life.

Speaking about the EFFORCE company itself, Wozniak said that it offers a unique business model, part of which is an investment methodology offering new opportunities for entrepreneurs.

He also added that he had long wanted to invest in Malta, noting a positive environment for the development of new technologies, which was created by local authorities.

As stated on LinkedIn's EFFORCE page, the company offers a blockchain platform for investment in energy-efficient solutions, stating its intention to become “the world's first and foremost platform for tokenized energy-saving sources”.

Recall that last year it was reported that Steve Wozniak was related to the investment platform EQUI Capital, founded by the Scottish baroness Michelle Mont and businessman Doug Barrowmen. The company was going to raise $ 80 million through ICO, but failed to realize its plans.

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Name Price24H (%)
Bitcoin (BTC)
$10,805.00
3.14%
Ethereum (ETH)
$228.53
3.18%
XRP (XRP)
$0.334535
4.04%
Bitcoin Cash (BCH)
$330.79
7.67%
EOS (EOS)
$4.34
7.83%
Stellar (XLM)
$0.093968
2.87%
Litecoin (LTC)
$101.00
2.96%
Cardano (ADA)
$0.063857
5.63%
Tether (USDT)
$1.00
-0.11%
Monero (XMR)
$86.21
5.12%
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