Blockonomi

Blockonomi






Blockonomi https://blockonomi.com
Cryptocurrency News & Your Guide to the Blockchain Economy
Blockonomi https://blockonomi.com
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PayPal Doubles Down On Crypto With New Checkout Feature https://blockonomi.com/paypal-crypto-checkout/
https://blockonomi.com/?p=46710
<div><img src=”https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2019/09/paypal.jpg” class=”ff-og-image-inserted”></div><p>PayPal, the digital payment platform launched a new crypto-based service to allow <a href=”https://newsroom.paypal-corp.com/2021-03-30-PayPal-Launches-Checkout-with-Crypto”>US customers to pay with cryptocurrency at millions of online businesses: Checkout With Crypto.</a></p><p>With this new feature, customers can convert their cryptocurrency to fiat currency at checkout without incurring additional fees, facilitating the acquisition of goods and services for cryptocurrency holders.</p><blockquote readability=”13″><p>Dan Schulman, PayPal’s president and CEO, referred to the new feature by stating:</p><p><em>“As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies while continuing to offer PayPal customers choice and flexibility in the ways they can pay using the PayPal wallet. Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies.”</em></p></blockquote><p>By offering users the option to use cryptocurrency or fiat on checkout, PayPal is taking advantage of the increasing popularity of cryptocurrencies, with the payment giant becoming one of the first major players to offer such a feature.</p><p>Checkout With Crypto will support Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at the time of launch, with only one of them being available to pay at any given time.</p><p>The selected currency will then be converted to fiat if enough funds are available, with no fee being charged and all of the benefits PayPal offers its users when paying with fiat.</p><h2><span id=”Allowing_Merchants_to_Benefit_From_Crypto_Without_Holding_it”>Allowing Merchants to Benefit From Crypto Without Holding it</span></h2><p>While the acceptance of cryptocurrency as a payment method has been on the rise over the last years, many merchants are still skeptical or unable to join the bandwagon, preventing interested customers from using digital currency to pay for their products and services.</p><p>PayPal’s new features will allow these merchants to benefit indirectly from crypto while receiving US Dollars as payment, creating new opportunities for all parties involved in a seamless manner.</p><p>As the feature does not result in customers or merchants having to pay extra fees, it works as a natural extension of the platform that has already been in use by millions of users around the world.</p><p>With companies like Tesla starting to accept Bitcoin and other cryptocurrencies as a valid payment method, it is expected for more companies and payment platforms to offer similar alternatives to their users, further boosting the adoption of cryptocurrencies.</p><h2><span id=”PayPal_Keeps_Integrating_Crypto_Into_Its_Platform”>PayPal Keeps Integrating Crypto Into Its Platform</span></h2><p>The addition of the Checkout With Crypto is only the latest move from PayPal when it comes to integrating cryptocurrency into its portfolio of services and features.</p><p>Earlier in October of 2020, the company announced that US users would be able to buy and store their crypto using the PayPal app.</p><p>Back then, the company added that it would be adding crypto payment features for US customers and expanding the Crypto features to users around the world, with the first of these commitments now being a reality.</p><h2><span id=”A_Big_Shift_for_the_Company”>A Big Shift for the Company</span></h2><p>The addition of crypto capabilities back in 2020 was the result of a partnership with Crypto brokerage platform Paxos, which allowed the company to get the first license for such a service issued by the New York State Department of Financial Services,</p><p>It is expected that the new country to receive these features will be the United Kingdom as the company said back in February that it would be making the crypto capabilities available for users in the country in the next months.</p><p>While PayPal experienced backlash from the crypto community when it first introduced the “Buy and Hold Crypto” feature due to the inability of users to transfer their crypto holdings off their accounts.</p><p>The addition of crypto features is sure to have a positive impact on cryptocurrency adoption by creating new use cases and facilitating their use.</p><p> <span class=”post-views-icon dashicons dashicons-chart-bar”></span> <span class=”post-views-count”>991</span></p><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Wed, 31 Mar 2021 09:53:56 +0000 Nicholas Say
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https://blockonomi.com/paypal-crypto-checkout/
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NewsCrypto Launches AI-Powered Tool for Crypto Movement Analysis https://blockonomi.com/newscrypto-ai-powered-tool/
https://blockonomi.com/?p=46692
<div><img src=”https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2019/04/AI.jpg” class=”ff-og-image-inserted”></div><p>The all-in-one online cryptocurrency information platform, <a href=”https://newscrypto.io”>NewsCrypto has announced,</a> it is rolling out a new price prediction tool powered by Artificial Intelligence (AI), which will allow the tracking and analysis of top cryptocurrencies by parsing social media sentiment data.</p><p>By aggregating news and social media content and extracting sentiment data by using machine learning, the new tool will allow investors to take advantage of the growing importance of social media to improve their investment strategies.</p><p>The announcement says that the tool will compile information from Twitter and Cryptocurrency-related websites to identify trends that are likely to have an impact on the crypto market, providing its users with an edge over other investors and automating the time-consuming process of evaluating sentiment.</p><p>This model will be used to predict the future price of the top 20 cryptocurrencies in the market, which include Bitcoin, Ethereum, XRP, Binance Coin, and others. This will prove especially useful to altcoin investors at a time when the rankings are likely to change amid the growing popularity of cryptocurrency around the world.</p><p>The new tool is the latest addition to the platform, which aims to provide the world’s top traders with an all-in-one crypto suit to improve their decision-making, no matter their current level of knowledge.</p><h2>Harvesting the Power of AI</h2><p>According to the company, the NewsCrypto platform makes use of a complex array of parameters to determine the potential impact of a Tweet or News publication, such as its origin, follow base, performance, etc, which are then computed to determine the market sentiment.</p><p>This information is then provided to the user in the form of easy-to-understand insights based on the estimations of the AI, which will also take into consideration past market trends to predict if the overall market sentiment toward a coin is “Enthusiastic”, “Very good”, “Good”, “Neutral”, “Bad”, “Very Bad”, or “Fearful”, which can then be accounted for by the user.</p><p>While the first version of the tools will only be able to extract insights from textile sources, the company is aiming to upgrade it in the future so it can also make use of video and data sources, greatly improving the quality of the predictions.</p><p>In addition to those upgrades, machine learning is a type of AI that is constantly evolving based on the accuracy of previous predictions, which should mean the new tool will improve its predictions organically as it gains access to new data.</p><h2>NewsCrypto App Version 2.0 Will Be Released on March 31st</h2><p>NewsCrypto has also recently announced the launch of its app 2.0 version at the end of the month, which will see the addition of new features as well as visual and performance improvements.</p><p>With the focus of the update being on utility, users can expect improved community predictions, new games to win NWC tokens, the addition of NWC staking, and MA alerts, all designed to improve the experience of crypto investors when using the app.</p><p>The announcement was done on March 26th and resulted in the rise in the NWC token price from around $0.55 to its current value of $0.73, a gain of around 35%. This is just the latest rise in the value of the token, which saw great success during the second half of March, almost tripling its value.</p><p>With the cryptocurrency market continuing to grow as it becomes more popular and gathers more attention from mainstream media, financial institutions, and private investors, tools aimed to provide a competitive advantage when investing have become the norm in the crypto market.</p><p>Artificial intelligence has been evolving for the last years as new technologies like neural networks and deep learning continue to evolve, giving place to new applications such as trading automation and now, social media sentiment evaluation.</p><p> <span class=”post-views-icon dashicons dashicons-chart-bar”></span> <span class=”post-views-count”>1,286</span></p><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Tue, 30 Mar 2021 08:21:16 +0000 Nicholas Say
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https://blockonomi.com/newscrypto-ai-powered-tool/
Technology
AI




LBRY Under Fire: SEC Sues Decentralized Content Sharing Platform https://blockonomi.com/lbry-sec/
https://blockonomi.com/?p=46684
<div><img src=”https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2021/03/lbry.jpg” class=”ff-og-image-inserted”></div><p>Months after the start of the Ripple saga, the Securities and Exchange Commission (SEC) has sued blockchain-based platform LBRY, <a href=”https://www.sec.gov/litigation/complaints/2021/comp25060.pdf”>creating fears of further risk for the cryptocurrency industry</a>.</p><p>The SEC filed a complaint against <a href=”https://blockonomi.com/lbry-ceo-talks-youtube-censorship-online-free-speech-blockchain/”>LBRY</a> in the District Court of New Jersey on March 29th for, <em>“failure to register an offering of securities pursuant to the Securities Act of 1993.” </em></p><p>According to the complaint, LBRY would have offered and sold millions of dollars worth of unregistered securities in the form of its cryptocurrency, violating the act in the process.</p><p>The complaint affirms that the assets sold by LBRY constitute securities due to them being sold and offered as investment contracts, as well as the dependence of the managerial efforts of LBRY directly affecting the returns on any investment.</p><p>As LBC tokens were sold as investment contracts in exchange for Dollars and cryptocurrencies, receiving more than $11 million in backing at the time of the offering, which was then used to pay or operational costs, this amounted to a breach of the securities Act of 1993.</p><p>According to court documents, the commission is seeking a permanent injunction preventing the platform from participating in “any unregistered digital asset securities offering”, as well as the payback of all “ill-gotten gains”.</p><h2>LBRY Is Looking to Rally Community Support</h2><p>Hours after the news of the SEC complaint against LBRy, the project published a tweet asking the community to “HELP US SAVE CRYPTO.” as “The future of crypto in the US is at risk.”, a concern shared by cryptocurrency advocates ever since the SEC’s move against Ripple labs.</p><blockquote class=”twitter-tweet” data-width=”550″ data-dnt=”true” readability=”6.9911111111111″><p lang=”en” dir=”ltr”>HELP US SAVE CRYPTO<br>The future of crypto in US is at risk.</p><p>The SEC are suing us and saying LBC is a security – it’s not!<a href=”https://t.co/ALAVmgDsDI”>https://t.co/ALAVmgDsDI</a><a href=”https://twitter.com/hashtag/helplbrysavecrypto?src=hash&amp;ref_src=twsrc%5Etfw”>#helplbrysavecrypto</a> <a href=”https://t.co/bJIOOgXeyY”>pic.twitter.com/bJIOOgXeyY</a></p><p>— LBRY (@LBRYcom) <a href=”https://twitter.com/LBRYcom/status/1376651363875135491?ref_src=twsrc%5Etfw”>March 29, 2021</a></p></blockquote><p>The Tweet links to the <a href=”https://helplbrysavecrypto.com/”>helplbrysavecrypto</a> website, which aims to inform visitors of the risks that a classification of all actively-developed blockchain tokens as securities implies for the growing industry in the United States.</p><p>A Change.org petition and Twitter campaign have also been launched to increase awareness about the latest move against the crypto industry by one of the most important institutions in the United States.</p><p>Jeremy Hogan, lawyer and Partner at Hogan &amp; Hogan, tweeted about the SEC move by saying: <em>“Just today the SEC filed another lawsuit against a crypto-currency company – LBRY, Inc. and the LBC coin. Ripple wasn’t the first and won’t be the last. The whole industry is at risk.”</em></p><h2>Former SEC Chairman Joins One River as Crypto Advisor</h2><p>While the current administration of the SEC moves once again against the crypto industry, former SEC Chairman Jay Clayton joined<a href=”https://www.bloomberg.com/news/articles/2021-03-29/ex-sec-chairman-clayton-to-advise-brevan-backed-firm-on-crypto”> One River Asset Management as an advisor on matters concerning cryptocurrency.</a></p><p>While Clayton’s SEC was the one that declared that Bitcoin and Ethereum were not securities, it was also the administration behind the complaint against Ripple Labs in December of 2021, as well as blocking initial coin offerings and applications for Bitcoin Exchange-Traded Funds (ETFs).</p><p>Mr. Clayto referred to the current status of the crypto market by stating: <em>“I see a wide range of outcomes for digital assets that include strong government regulation, domestically and globally, The time frame is uncertain, but I expect there will be international coordination if not international consensus around digital assets.”</em></p><p>His administration’s lawsuit against Ripple recently found a setback when thousands of XRP holders submitted a motion to intervene in the case which was approved by Judge Analisa Torres on March 2th after originally being denied by the same judge earlier in March.</p><p>While the complaint against LBRY is the latest move by the SEC against the crypto industry, the case against Ripple has been one of the most important legal cases in the history of cryptocurrency and it is sure to have a significant impact on the future of regulation in the world’s biggest economy.</p><p> <span class=”post-views-icon dashicons dashicons-chart-bar”></span> <span class=”post-views-count”>1,258</span></p><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Tue, 30 Mar 2021 07:38:47 +0000 Nicholas Say
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https://blockonomi.com/lbry-sec/
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