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BitPay Updates App to Support SegWit, Dark Mode and the Ability to Directly Manage Your Coinbase Wallets

We’ve added support for SegWit in our wallet as an optional feature. In addition, we have enhanced our integration with Coinbase to enable users to directly manage their Coinbase wallets from inside the BitPay App. Last, we’ve created a new dark mode setting within the app.

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At BitPay, we constantly strive to improve our products and deliver you the best possible customer experience.  That’s why we’re excited to share that we’ve added support for SegWit in our wallet as an optional feature. In addition, we have enhanced our integration with Coinbase to enable users to directly manage their Coinbase wallets from inside the BitPay App.  Last, we’ve created a new dark mode setting within the app for those users who prefer this mode.  Dark mode will be released and available sometime in July, but all of these other great features are available right now.

Save on fees with SegWit

SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions.  Removing the signature data helps the Bitcoin network run faster and more smoothly. In general, SegWit lets you save around 30% in miner fees so you can spend less on fees, and more of your money on the things you really want.

Support for SegWit is currently an optional feature for Bitcoin wallets in the BitPay App.  Users must create a new bitcoin wallet to take advantage of Segwit.  To learn more, check out our support article on how to create a SegWit wallet.  Later this year, as part of a phased rollout plan, support for SegWit will be a default for all Bitcoin wallets.  In addition later this year, SegWit will be implemented for invoice payments.

We have also updated the fee estimation algorithm in the BitPay App to improve accuracy, reduce transaction confirmation times, and lower fees.  This improvement could reduce fees by as much as 5-10% over previous versions and now works on all bitcoin wallets (SegWit and non-SegWit).

Relax your eyes with Dark Mode

When the lights are low, we’ve got you covered.  Later this month, the BitPay App will introduce a new dark mode feature.  While easier on your eyes, dark mode can also prolong the battery life of your smartphone. Once launched, to enable the dark mode, users will simply need to open the BitPay App, tap the gear icon at the bottom, tap Theme and then select Dark Mode.  That’s it.

Directly Manage Your Coinbase Wallets in the BitPay App

Our designers have focused on providing an experience that made users feel connected to their Coinbase account. The improved Coinbase integration lets you see your funds exactly as if you were in the Coinbase platform.  Funds can be managed and are presented in a simple and user-friendly fashion. If you enjoy using Coinbase, you will love this feature!

Buy Bitcoin and other cryptocurrencies with your credit card

Need Bitcoin.  No problem.  Buy it directly in the BitPay App.  We’ve partnered with Simplex, the best-in-class processor of fiat-to-crypto transactions, to give BitPay App users the ability to buy Bitcoin and other supported cryptocurrencies directly in app with a credit card. Users can now buy cryptocurrency, transfer funds, make purchases, buy gift cards and pay friends around the world all from a single app.

Using the Simplex integration is simple. Inside your BitPay App:

  • Launch the BitPay App
  • Click Buy Crypto
  • Select the wallet you want the funds deposited into
  • Pick a cryptocurrency and amount
  • Proceed to checkout and enter your billing details
  • Complete your purchase

For more details on how to buy crypto from the BitPay App, visit our support article.

If you don’t already have the BitPay App, download it today!

Download from the App Store (iOS) or Google Play Store (Android)

Source: https://bitpay.com/blog/bitpay-updates-app-to-support-segwit-darkmode-and-the-ability-to-directly-manage-your-coinbase-wallets/

Blockchain

Bitcoin dominance is an irrelevant metric unless…

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The volatile cryptocurrency market has given way to multiple metrics for the market observers to analyze and predict what’s coming next. One such metric has been Bitcoin dominance, but as per Su Zhu, it should not be relevant to you unless you are a billionaire.

How so?

The CEO of Three Arrows Capital opined this after noticing the trend of the newcomers avoiding Bitcoin and Ethereum and opting for risky crypto tokens. When the largest digital asset was stuck in a wider correction period, altcoins like Dogecoin [DOGE] grabbed much attention. This was possible due to the hype created by Tesla CEO or, self-proclaimed “doge-father,” Elon Musk and the Doge community.

However, understanding the newcomers’ enthusiasm Zhu opined that if he were to bet on projects now, he would choose Solana and Avalanche.

Despite the popularity of altcoins, the exec remained bullish on Bitcoin and Ethereum as he expected, the former to flip gold’s market cap, and the latter to eventually hit a value above $25,000. Bold predictions, but nothing we haven’t heard before.

However, newcomers were more bothered about the dominance metric but as data suggested, Bitcoin dominance has recently been falling. The dominance was hit earlier but recovered to form a peak at 49.25% on 30th July. But given the correction phase that followed, the dominance of BTC fell and was last noted to be at 40% on 10th September.

It is interesting to note that despite plenty of adoption related news such as that of El Salvador, coming in over the past few weeks, it looks like the dominance has remained unaffected by it.

Source: CoinMarketCap

Twitter user and crypto enthusiast, @HsakaTrades also noted that Bitcoin dominance was not a relevant metric for anyone who has a “sub mid 9fig portfolio]. Agreeing with Hasaka, Zhu added,

“To clarify, if you’re holding for 5+ yrs, you shouldn’t be thinking about btc dominance in the first place. And obv btc and eth have a strong place in that portfolio.

If you’re allocating actively atm, and think debating btc v eth v alts is a good framework, you’re ngmi.”

While this advice could stand true for experiences, long-term trader interested in making money, but not the ones looking out to invest in tech. This was especially highlighted in the comments wherein the crypto users were upset about the CEO’s Solana [SOL] recommendation that recently witnessed an outage.

Nevertheless, the trading advice and strategies differd from trader to trader and Zhu’s opinion to not focus on the BTC dominance, prebably stemmed from a hodlers perspective. While interesting projects were now erupting in the crypto space, it looks like Bitcoin’s dominance, not only in terms of price, but as a crypto project could be challenge.

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Source: https://ambcrypto.com/bitcoin-dominance-irrelevant-for-anyone-not-10figs

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Blockchain

Millions of Dollars Raised Through Solana’s DeFi Projects

Millions of Dollars Raised Through Solana's DeFi Projects

PAI, an algorithmic stablecoin, backs Parrot Protocol. Grape Protocol was the primary source of the downtime. Solana has been up

The post has appeared first on thenewscrypto.com

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  • PAI, an algorithmic stablecoin, backs Parrot Protocol.
  • Grape Protocol was the primary source of the downtime.

Solana has been up nearly 3200% since August. Investors’ interest in Ethereum rival systems featuring DeFi, NFT, and smart contract services has risen dramatically.

The software applications that simulate legal contracts are smart contracts. Once housed on a blockchain network, the software application will run automatically without human intervention.

This month, Solana’s DeFi initiatives raised millions of dollars. This is another proof of Solana’s potential to compete with Ethereum. Currently, Ethereum has the most DeFi and NFT projects.

Bots raced to invest in a token sale for Grape Protocol over flooded the blockchain, causing Solana to collapse for 17 hours on Tuesday. Let us take a look at the few IDO that helped raise millions.

Grape Protocol

Grape Protocol, the primary source of the downtime, managed to raise just $600,000 on Raydium’s “Acceleraytor.”

Tokenized communities may use Grape Network to connect to platforms like Discord, Telegram, and soon twitter to collaborate over Solana and reward members with crypto.

Parrot Protocol

Parrot Protocol is based on Solana. Investors in the Initial DEX offering included Sino Global Capital, Alameda Research, and QTUM VC. Moreover, to put it simply, Parrot is a non-custodial lending platform and decentralized exchange.

PAI, an algorithmic stablecoin, backs Parrot. Furthermore, Parrot offered a governance token called PRT in its IDO. Thus, allowing investors to vote on the protocol’s operation and farm yields on Solana without affecting other Layer 1 blockchains.

Solana’s failure impacted Parrot’s IDO, but it was resolved by Sept. 16. Moreover, the team said it would start working on PRT staking, NFTs, and adjustable interest rates in “Letter from the Parrot.”

Several Solana initiatives will be launched in the next day’s/weeks. Examples include Solanium, Boca Chica, and Solstarter. On Solanium, whitelisted users may buy MatrixETF.

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Source: https://thenewscrypto.com/millions-of-dollars-raised-through-solanas-defi-projects/

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Blockchain

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos’ creators call it an “internet of blockchains.” ATOM also launched a bridge to Ethereum at the end of August.

The post has appeared first on thenewscrypto.com

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  • Cosmos’ creators call it an “internet of blockchains.”
  • ATOM also launched a bridge to Ethereum at the end of August.

Cosmos (ATOM) blew up 10.74 percent overnight to establish a new price of $39.58, according to CoinMarketCap. It surpassed $40 yesterday, reaching $40.76. Despite today’s minor decline, Cosmos’ price was still ten dollars more than seven days ago, and twenty dollars higher than this time last month.

Its creators call it an “internet of blockchains.” It’s an interoperability network that allows various blockchains to connect, exchange data, and interact with one another.

In short, Cosmos claims to address some of the “hardest problems” in the blockchain sector. It seeks to provide an alternative to “slow, costly, unscalable, and ecologically harmful” proof-of-work protocols like Bitcoin by connecting blockchains. On August 18, Cosmos rose 25% from $15 to $20 after the introduction of Emeris, a cross-chain DeFi interface.

It also launched a bridge to Ethereum at the end of August. The inter-blockchain communication protocol (IBC) allowed trade across the Cosmos and Ethereum networks for the first time, along with the integration of Sifchain.

Cosmos Might Soon Over Take FTX Token

Cosmos is “Blockchain 3.0” — thus, as previously said, ease of usage is a significant objective. To this aim, the Cosmos SDK emphasizes modularity. This enables a network to be created quickly using existing code. Long term, it is anticipated that sophisticated applications would be simple to build.

Cosmos now has the twenty-first largest market value, but at this pace, it would only take $0.8 billion to flip FTX Token and make a bold entry into the top twenty.

Some in the crypto sector, much worried about the amount of fragmentation in blockchain networks. There are hundreds, yet few can converse. Cosmos wants to change this by making it feasible.

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Source: https://thenewscrypto.com/cosmos-atom-lead-market-wide-rally/

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