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Bitcoin (BTC)

New York DFS allows buying Bitcoin with debit cards on LibertyX supported ATMs

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Although, this week has started badly (again) for the whole crypto-market where every other currency is in the continuous downward streak, testing the emotions and faith of the crypto enthusiasts towards their beloved digital assets. Nonetheless, even in the worst of times, if there is a smaller positive happening, one must cherish it to keep their hopes in the balance because as they say, all great changes are preceded by chaos.

Some encouraging development for the crypto lovers from New York is coming up as they can now use their debit cards to buy Bitcoin at any selective ATM across the city. Thanks to the city’s Department of the Financial Services (DFS) without whom it may not be possible who, just last week, granted licenses to the Robinhood Crypto and LibertyX.

This service is going to be provided by LibertyX who has been keen to make the process of buying cryptocurrencies easier (like buying it from nearby ATM) all over the country.

In February 2014, LibertyX launched its first Bitcoin ATMs in Boston’s South Station, which is regarded as one of the country’s busiest train stations. It then went on the to expand its network by adding further ATMs at various locations including Harvard Square and MIT.

As though this latest decision by the New York’s Department of Financial Services will provide its inhabitants relatively comforting opportunity to buy Bitcoin, but is going to prove as a significant stride towards becoming the front-runner in the realm of financial technology innovations and banking. Talking about their decision, the officials said:

“To date, DFS has approved sixteen charters or licenses for companies in the virtual currency marketplace. In New York, LibertyX, which will provide consumers the sale of bitcoin through debit terminals, is the first [NY]DFS virtual currency licensee to allow customers to use debit cards to purchase bitcoin from traditional ATMs.”

Last year, LibertyX partnered with a renowned ATM Manufacturer company, Genmega and launched the country’s first ever debit Bitcoin ATM. Through this ATM, the process of buying Bitcoin was made quite easy as it was integrated to match the regular withdrawal process. Including New York now, over 10,000 ATMs are providing the facility all over the country.

To enjoy the service, a user is required to merely download the LibertyX cell phone app on their gadget and register an account. Once the account is approved, then the account holder can purchase Bitcoins by spending almost up to 3ks every other day.

Enthusiasts of the digital assets have welcomed the steps taken by the regulators such as granting licenses to the cash-to-bitcoin onramp network, LibertyX, as it will be immensely helpful to enable the broader crypto adoption in our regular businesses.

Bitcoin is sinking so as Tron and others with it. Now what?

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Bitcoin’s been going down all week long. It’s been bad, and it could go as low as 3k in the next few days, despite several days moving sideways. It could remain moving sideways for a while which is terrible for investors that are either buying or selling short. In other words, current market conditions make you damned if you do and damned if you don’t. So what to do now?

In this article, we’ll try to share our perspective with you, but before we try that, we have to remind you that this is not financial advice at all. If you choose to get into Bitcoin or to get out, it has to be your own decision, which should be informed by doing your own due diligence and research.

We will start by acknowledging the elephant in the room. The year has been terrible for Bitcoin. There’s no doubt about that. Next Monday it will be a year since Bitcoin has kept going down constantly (save a few meaningless fluctuations) and it’s lost roughly 80% of its value. This is terrible news for those who bought tokens almost a year ago when it was at its peak. But does it really mean that BTC was a bubble that popped? We don’t think so.

First of all, this has happened it the past. Bitcoin has sunk four times already by more or less the same percentage that it’s lost this year. And every time, it’s managed to recover and skyrocket again, beating every prediction and reaching previously unsuspected heights. Despite the current situation, Bitcoin remains the most profitable asset over the last ten years (and this includes traditional financial instruments such as stocks, forex, and commodities).

Second of all, you and us, and everybody else need to understand that Bitcoin is not just a digital currency. It is, but it’s also an international payment system. In that regard, it’s been (and it remains) incredibly successful. Whatever way the market behaves Bitcoin is moving money around the world at quantities that are comparable to those of MasterCard and Visa.

In other words: it remains a useful resource, and as long as it’s useful, it will be valuable. In fact, the more useful it becomes, the better suited it will be to be independent of speculative pressure which is what is ruining the market for everybody as we write this.

The third is this: for the last decade the crypto market has been in the hands of retail investors because institutional investors have been too afraid to join the action. That is changing. A partnership among Microsoft, Starbuck’s and ICE (the company that owns the New York stock exchange) is about to bring online a new venture called Bakkt.

The new company will strive to offer financial services based on digital assets so that you can pay for your latte using bitcoin on your mobile phone. And this is not the only such initiative. Many big players in Wall Street are getting ready to wet their feet in crypto finally. This will inject a lot of money and demand for Bitcoin tokens, and it will create a bull run the likes of which have not been seen in ten years.

So what to do? Be patient, be intelligent, be disciplined and well informed. Think usefulness and vision of a coin. Tron, for example, has a powerful vision (of decentralizing the whole internet) and incredible real-life use cases – of course, Bitcoin has a strong case too. Consider value before price. Don’t try to win the lottery in a couple of weeks. We can’t tell you when but things will pick up.

Image courtesy of Pixabay.

BeatzCoin Begins Tron Super Rep Campaign!

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Changing the landscape of the music industry is a huge undertaking, but it is one that can bring mass adoption into the crypto space and help with Justin Sun’s mission of decentralizing the internet. By voting for BeatzCoin as an SR, you will be helping us with that mission.

The following is a detailed road map of our SR campaign and how your votes will not only earn you extra TRX and BeatzCoin but also assist in the future success of Vibravid & BeatzCoin which in turn will bring the needed shift with Artist and content creators.

Phase 1 – Becoming an SR and celebrating the accomplishment.

– Until January 31st we will be giving 100% TRX rewards and 100% BTZC rewards to our voters. This means for every TRX you earn you will get 5 BTZC. Once we reach the top 27, those rewards become significantly higher.

Upon reaching the top 27, we will take a snapshot of our loyal voters who started with us and reward all of them with an airdrop of BTZC*. (*Amount of AirDrop TBD)

Phase 2 – Taking the Vibravid platform a step ahead.

– At this time our reward structure will change to 50% TRX and 100% Btzc.

Our beta version of Vibravid will be launched by then, and the rewards we earn will be put back into developing the platform and brand. It’s imperative to understand that community driven projects need funds to grow and flourish.

With the current price of TRX, it’s important to realize that the growth of Vibravid will be much more rewarding than chasing pennies with voting rewards. Because lets be honest… that’s exactly what you are doing if you are moving your votes for 100% TRX rewards.

*if there is any significant move to the price of TRX we will always have the community in mind and make needed changes to the reward structure that benefits everyone*

  •  Reward funds will be used for:
    * Technology development
    * Artist endorsements
    * Funding music projects (such as videos/promos/albums)
    * Marketing promotions

Phase 3 – Continued community growth and rewarding the loyal voters and incorporation of LONE token

  •  50% TRX 50% BTZC 10% LONE
  • + BeatzCoin loyalty rewards (+50% bonus to those who maintain 100K + BeatzCoin)

WhatsApp Image 2018 12 06 at 10.06.17 PM

Keep in mind that compared to many other coins, our supply is pretty low (3 billion MAX SUPPLY). When we start to reach our goal of mass adoption the supply will seem relatively low for a widely used Audio/Video platform. That is why we might decrease the BTZC bonus since we expect its value to climb significantly. It will give us more flexibility to reinvest in the Tech and Brand.

Info on LONE token:
The L1 Crew, the distributor of the LONE coin, is heavily involved in supporting developer projects, artists, as well as limited brick and mortar establishments through token purchases and direct funding. As a holder of the LONE coin, you are supporting a multitude of projects and stand to reap the benefits when the projects come to fruition.
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Returns
The LONE coin shares. When profits or rewards are available, airdrops will occur. The success of the investment will determine the frequency and amount.
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Security
The LONE coin is not given freely. Any airdropped or bonus LONE coin was paid for in full by the distributing party.

Please keep in mind that this is not set in stone. Our team is very dedicated to TRON and the Community. We realize that without you we wouldn’t be in the position we are. Therefore, we are always willing to hear out the community if circumstances change and a revision needs to be made to our reward structure.

Our goal is to be a firm pillar in the Tron network indefinitely and be along the likes of great community SR’s such as Sesameseed and Tron Spark. We understand the ultimate goal and will try our best to balance the best interest of TRON, Vibravid and the community.

Thank you, everyone, for your support! I look forward to keeping in touch with many of you in the Tron Community. Please check out the official Beatzcoin Podcast at www.blubrry.com/BeatzCoin where we talk about Tron, Crypto, and Music!

Sincerely,

Alex Guerra and the BeatzCoin Team

The Bitcoin Oracle has spoken: Crypto winter is here

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Vinny Lingham is a cryptocurrency expert, especially when it comes to Bitcoin. He became involved with it five years ago after a long and successful entrepreneurial career in his native South Africa.

He’s been founder and CEO of several projects. Civic, Gyft (sold to First Data Corp), SilconCape (an initiative to turn Cape Town into a tech hub), and incuBeta. He was considered one of the world’s top 500 CEO’s in 2015. And, yes, he’s got credibility when it comes to Bitcoin as he sits in the Bitcoin’s Foundation board.

Fast Money, a CNBC show calls Mr. Lingham “The Bitcoin Oracle” and interviews him occasionally to gain insight into the cryptocurrency market. The latest interview happened just yesterday. The show’s anchor asked Mr. Lingham for his opinion about the current market conditions for Bitcoin and future prospects.

Mr. Lingham was very clear and to the point. He said he expects Bitcoin to remain bouncing between the $3k and $3.5k levels for a few more months. But if no bull run materializes in about six months and the coin remains stuck, then it will break the $3k support level to go downwards.

He explained further that a problem in the current market is that too many investors are guided by price instead of paying attention to the fundamentals, and that’s what’s been driving the price down.

In Mr. Lingham’s view, Bitcoin is not ready to be a means to store wealth. That’s painfully clear to anybody who bought bitcoins when the price was above USD 10,000. On the other hand, Bitcoin is a very successful payment network that is moving almost as much money as MasterCard on a daily basis.

On reasons to be positive, the Bitcoin Oracle was rather scant. He believes Bitcoin to be too much of a risk as things stand. The great risk is the only way to rip great rewards, as he pointed out, but he was very clear in that it would be so much safer to buy bitcoins when the level goes back up to USD 6,000.

While we don’t believe that this, or any other expert, is an actual Oracle, we do agree with some of his points. The cryptocurrency market would surely be better off if the fundamental analysis was used more than technical analysis.

In other words, if crypto enthusiasts were more interested in coins with real value instead of following speculative trends to make quick money. Let’s remember that Bitcoin is still the same whether the price is high or low. The price doesn’t change its usefulness and value, and the same goes for every cryptocurrency.

As we probably mentioned in this site many times already, Bitcoin, XRP, Tron, XLM, ETN, and a few other digital assets are slowly but surely showing the planet that some real-world problems have no better solution than cryptocurrencies and blockchain technologies. That is making the assets useful in many ways; it’s giving them a competitive advantage which will lead to mass adoption as time keeps progressing.

Adoption will change the game for everybody because those few useful coins will have great demand, and the market price will respond to value in the real world and realistic economic forces instead of sheer speculation, which is the main force behind the current market. But until that happens, winter is here indeed.

Image courtesy of Pixabay.

Tron, BTC, and BNB in the mix as BitTorrent accepts crypto payments now

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BitTorrent Inc. is a Tron subsidiary (recently bought) and it’s the company behind the world’s largest decentralized P2P communication protocols and products which you surely already know: BitTorrent and µTorrent.

In a highly anticipated move, since it became part of the Tron world, the company announced that its popular Ads Free  and Pro products can now be bought using three digital assets, namely, Tron (TRX), BNB, and Bitcoin.

CoinPayments.net, one of the world’s leading payment processors for cryptocurrencies will provide the service for the company and its clients. Thus are decentralized currencies, and one of the most widely used decentralized applications in the world, joining forces at last.

“BitTorrent joins a growing list of online companies whose products and services accept TRX as payment,” said Justin Sun, Founder of TRON and CEO of BitTorrent. “With BitTorrent’s over 100 million users, the move helps increase the use of TRX in online marketplaces while giving consumers more options to unlock value from BitTorrent’s premium products.”

So now your alternative coins enable you to pay for one-year subscriptions of BitTorrent and uTorrent products which include Ads Free and Pro for Windows. Pro has anti-virus and anti-malware capabilities, it can convert multimedia files between formats and offers HD playability.

BitTorrent

BitTorrent started in San Francisco as a peer-to-peer file sharing network in 2004, at the time in which eMule and eDonkey, as well as a multitude of other P2P networks,  were competing for users.

Only BitTorrent remains relevant these days. BitTorrent enables users to share large files through the internet through a set of distributed technologies that allow for efficient scaling. This enables legitimate third-party content providers to offer data to their users.

Linux distributors, for instance, have been shutting down their download servers for CD and DVD images and, instead, offer them through BitTorrent. It saves everybody a lot of time, and a lot of money to the company.

BitTorrent’s applications are installed in millions of computers in 138 countries around the planet. It has at least a hundred million users in every possible operating system.

Tron

Tron is a blockchain 3.0 project with a mission. To accelerate the Internet’s decentralization process using blockchain technology and decentralized applications.

It’s one of the world’s leading public blockchains and, after recently acquiring BitTorrent, it’s the largest decentralized digital network ever to exist in the globe.

After Justin Sun Founded it, on September 2017, Tron has delivered on an interrupted stream of successful milestones which include the launching of an autonomous main net last May, network and token independence on the next month, the Tron Virtual Machine on August, and the Tron Developer’s kit last month.

When Justin Sun announced that Tron had bought BitTorrent, it created a lot of buzz and expectation, so the whole cryptosphere has been waiting to see what kind of developments could result of this “marriage”.

This is the first one, but as Tron incorporates the torrent network to the main net it’s expected that BitTorrent’s performance will increase and that users will be rewarded with TRX tokens for seeding their content. This could improve the network’s quality as more people seed more files for longer periods of time.

Image courtesy of Pixabay.