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June 2020

Bitcoin Bulls are Back | Why 2019’s Rally is Different Than 2017

by
Bitcoin

Bitcoin

July might have been a forgettable month for Bitcoin after six months of steady gains this year, but the cryptocurrency has made a remarkable comeback in August so far.

Bitcoin Near $12K

The rally started at the beginning of the month and has continued as the cryptocurrency seems poised to touch $12,000 per token. While the month of July saw Bitcoin price fluctuating due to a range of extraneous issues starting from criticism of the cryptocurrency by United States President Donald Trump to Facebook’s Libra, August has seen a complete reversal of sorts. According to the chief of Fundstrat and noted crypto bull Tom Lee, the current rally in Bitcoin is related to the economic risks that have originated at a global level.

He stated that earlier, the price of Bitcoin’s value used to be directly tied to the United States Dollar, and generally, the price rose as the dollar weakened. However, Bitcoin’s rally in 2019 has coincided with a period during which the dollar has been remarkably strong and hence, it proves that the cryptocurrency is definitely no longer so closely tied to the dollar. Lee stated that it has been the same with Bitcoin’s relation with gold, and this proves that Bitcoin is possibly now being used as a protection against the current global risks by investors.

>> Grayscale Investments to Make Biggest Transfer in Crypto History

Due to the wreckage in many markets that have been triggered by the United States-China trade war and other factors, many investors are now looking for safe assets in which they can park their money. Hence, many are now choosing the US dollar, bonds, gold, and Bitcoin.

The trade war between the world’s two biggest economies does not seem to be coming to an end anytime soon, and it escalated further after China devalued its currency. The Yuan is now at its lowest in a whole decade, and the continuation of the trade war could well prove to be a blessing for Bitcoin.

Featured image: DepositPhotos © KostyaKlimenko

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Aura Blockchain Ready to be Unveiled

by
Aura blockchain

Aura blockchain

According to reports, the AURA blockchain—which was first mentioned in March—is ready for unveiling.

AURA is a blockchain-powered platform that allows customers to verify the authenticity of luxury goods.

The team behind its include ConsenSys, LVMH, and Microsoft.

The AURA Blockchain

Owners of luxury brands Louis Vuitton and Christian Dior, LVMH, is key to AURA’s inception. The company is now hoping other luxury competitors will join the blockchain.

ConsenSys is a blockchain software technology company based in Brooklyn, New York. It teamed up with Microsoft to develop the technology that underpins AURA.

Now the group is encouraging other luxury designers to join the consortium saying AURA, is designed to “serve the entire luxury industry with powerful product tracking and tracing services.”

The group’s news release furthered:

“AURA makes it possible for consumers to access the product history and proof of authenticity of luxury goods — from raw materials to the point of sale, all the way to second-hand markets.”

The AURA blockchain works by storing unique information about every product stored on the decentralized ledger. Users can then use a brand’s official app to download a certificate which details the authenticity of the good.

Opera Adds Support for Tron

The AURA blockchain isn’t the only crypto news today.

Internet search engine, Opera, is adding support for Tron’s TRX and TRC-standard tokens in its browser-based crypto wallet.

Once the integration of the TRON blockchain is finished, users of the browser will be able to use those tokens within the browser.

The support from TRON also allows Opera’s 300 million users play Tron games and use its decentralized apps (dApps)—all within the browser.

Tron currently has over 400 dApps built on the Tron blockchain.

Opera launched its native crypto wallet in December of 2018 and already holds support for Ethereum and any ERC-20 standard tokens.

>>Bitcoin Price Jumps Again, Now Above $8K Mark

The web browser said that it has plans to add support for “multiple” blockchains in the coming year.

Do you think the Aura blockchain will help the luxury goods sector? Are you happy for Opera adding Tron support? Let us know your thoughts!

Featured Image: Deposit Photos/nils.ackermann.gmail.com

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MYbDAIRY SMART FARMS TO START PRE IEO ON 11 SEPTEMBER 2019

by

Dubai, UAE, September 5, 2019 – MYbDAIRY Smart Farms is going to begin Pre IEO sale of MYBD Token on 11th September 2019 before the official launch of Initial Exchange Offering (IEO).

The Pre IEO phase is an exclusive opportunity to purchase MYBD Token at discounted rates before it lists on exchanges for IEO. Three million hard cap has been reserved for Pre-IEO sales, and the phase will end as soon as all tokens get purchased. No more tokens will be issued. Hence users have to avail the offer on a first-come, first-served basis. The ending date of presale of MYBD Token is 10th November 2019.

MYbDAIRY Smart Farms have made ultimate efforts to ensure fair distribution of tokens avoiding its snapping by a few individuals. The amount of MYBD Tokens available during the presale is 40% of the total cap whereas, each token’s fixed value is 1 cent of a US dollar.

Also win 100 MYBD Tokens only by registering yourself at MYbDAIRY from 6th September 2019 to 10th September 2019.

The next-generation platform also offers referral bonuses for a startling experience, as follows:

Your Own Buying 11-30 Sep’2019 01-20 Oct’2019 21 Oct – 10 Nov
$5,000 30% 20% 10%
$1,000 20% 10% 5%
$500 10% 5% 5%

 

You can also get further details at http://mybdairy.com. The MYBD Token is designed to assist users and consumer industry in terms of payment and transparency.

Funds raised through presale and IEO will enable MYBD to accelerate its growth whilst bringing the organization closer to its ultimate goal of branding, distribution, and expansion in other regions. It will promote nutrient-dense dairy products, and a secure payment system to empower retail and corporate customers to use its utility token in day-to-day life.

“We believe that MYBD Token will eventually become the significant mode of payment. It will encounter users with reliable, fast, and convenient payment and will help it flourish across borders, aiming to empower the world with nutrient-rich food,” CEO MYbDAIRY Smart Farms asserted.

About MYbDAIRY Smart Farms:

Based on state-of-the-art Artificial Intelligence and Blockchain technology, MYbDAIRY Smart Farms is a compelling physical project that allows people to know what their glass of milk contains. With Dutch Origin Cows reared at a pleasant atmosphere in South East Asian farms, it produces high-quality dairy products.

Here, the mental and physical health conditions of animals are monitored throughout the clock with AI smart bands. The advanced technology not only increases the revenue with enhanced quantity but also provides a sustainable future with nutrient-rich milk and related products.

The infused blockchain technology in farms enable consumers, shoppers, investors, and other users to have swift access for tracking the quality, offering ultimate credibility. The immutability feature of blockchain technology eliminates the risk of data tampering, too, ensuring a healthy future for you and your next generations. 

For more information, visit MYbDAIRY website or contact:

MYBD Project Director Mr Zulfiqar Ahmed

info@mybdairy.com

+97142218833

704 Twin Towers, Baniyas Road Deira, Dubai UAE

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MasterCard to Build Crypto and Wallet Products

by
Mastercard

Mastercard

MasterCard Inc. (NYSE:MA) is planning to venture into the cryptocurrency space with a focus on creating a crypto team of 28 cryptocurrency professionals that will spearhead the development of cryptocurrency and wallet products.

Recruiting of Crypto Experts

On MasterCard’s website, under the career tab, the company notes that it is seeking individuals who will fill the positions of senior blockchain engineer and engineering lead, vice president for product management, product innovation, and development director and product management director for cryptocurrency and wallets.

Equally, there are other senior roles that the company is seeking to fill that also require blockchain tech expertise, such as the director of payments platform and networks, VP of network tech product management, and senior strategic program management analyst, among others.

MasterCard’s requirement for hiring personnel for any of the advertised roles is that candidates have expertise in cryptocurrency and blockchain technology’s operation and functions. The company has indicated that for one to qualify for roles, they have to be aware of the evolution of cryptocurrency as well as have a good command over digital currencies.

The cryptocurrency team will be based in San Francisco, where the company will establish a blockchain headquarter. The team will have the responsibility of advocating blockchain tech concepts within the company.

>> Litecoin (LTC) Gains Momentum Post Halving, Jumps 7%

MasterCard to Compete with Facebook’s Libra

MasterCard is already embracing cryptocurrency and blockchain and is already a member of the Libra Association. Therefore, any progress the company will make in harnessing cryptocurrency will be a major milestone to the Libra Association, which is comprised of 27 companies. The move by the company to create a cryptocurrency team will benefit the planned launch of Libra, as well as being good competition for it.

The launch of Libra delayed after Facebook Inc. (NASDAQ:FB) cited regulatory hurdles as regulators enhance regulatory scrutiny. Libra is also recruiting professionals for its wallet Calibra but has vowed that it will allow free wallet competition from members of the association.

Featured image: DepositPhotos © jbk-photography

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