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Blockchain-based app easing pandemic travel launched

That’s one less travel headache

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A blockchain-based app aimed to make travel during the pandemic easier has been launched.

The app, called ICC AOKpass, allows users to verify their COVID-19 status instantly. Dorjee Sun, CEO of blockchain firm Perlin, told CIR Magazine that ICC AOKpass “uses a common global standard that can be deployed and used anywhere in the world today. It can adapt to the rules of any given country and allows users to instantly verify their COVID-19 compliance status anytime, anywhere.”

ICC AOKpass was tested by a couple of companies, including Singapore-based firm Energy Drilling and International SOS. The firms had selected crew members on their way to an oil drilling platform take a polymerase chain reaction (PCR) test for COVID with the medical results saved on the app. The results were then sent to the client and helped facilitate entry through the Thailand airport. 

Juliana Gim, managing director of International SOS Singapore, said that the successful experience of ICC AOKpass explains to everyone how to resume travel in light of the Coronavirus pandemic safely.

“The successful pilot of ICC AOKpass with Energy Drilling is encouraging as it marks an important step in our journey and the aim of implementing a trusted and standardised global system to facilitate the return to work across many industries. In time, we hope that this will see widespread adoption to facilitate a fast, safe and secure return to work.”

The pandemic has inspired blockchain firms to look at how they can help ease travel restrictions set out by authorities.

Source: https://cointelegraph.com/news/blockchain-based-app-easing-pandemic-travel-launched

Blockchain

It’s Official: PayPal to Acquire Crypto Custodian Curv

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The leading payment processor, PayPal, announced today that it has agreed to purchase the digital asset custody company, Curv. It said that it will complete the acquisition in the first quarter of the year.

Rumors Confirmed True As PayPal Acquire Curv

Reports surfaced last week that PayPal was planning to acquire cryptocurrency security firm, Curv. There were no concrete evidence to buttress the claims, but the leading payment giants have now made it official via a press release today.

The company’s decision to purchase Curv reaffirms its mandate to remain closely knitted to the digital asset space and become a major player in the rapidly changing financial world. According to the statement released on its website, PayPal said the rationale behind its latest acquisition is “to accelerate and expand its initiatives to support cryptocurrencies and digital assets.”

PayPal’s blockchain, crypto, and digital currencies vice president and general manager, Jose Fernandez da Ponte had a few words to say about the latest addition.

“The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system. During our conversations with Curv’s team, we’ve been impressed by their technical talent, entrepreneurial spirit, and the thinking behind the technology they’ve built in the last few years. We’re excited to welcome the Curv team to PayPal.”

Financial details of the transaction were not disclosed, but according to previous reports, PayPal may pay in the region of $500 million to acquire Curv. It said that the deal will be completed in the first quarter of the year.

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What Will Curv Bring To The Table?

Curv is a digital asset security company founded in 2018. It developed an encryption technology based on multi-party computation (MPC). This enables secure transfer and eliminates any point of failure by distributing generated private keys between cloud and client.

With major institutions now weighing in, there’s a lot more on the line, and it has become even more paramount to ensure top-notch security.

Curv CEO Itay Malinger spoke briefly about the fresh development.

“As a pioneer in security infrastructure for digital assets, Curv is proud to be recognized as an innovator and trusted partner to leading financial institutions around the world. Now, as the adoption of digital assets accelerates, we feel there’s no better home than PayPal to continue our journey of innovation. We’re excited to join PayPal in expanding the role these assets play in the global economy.”

PayPal’s Surging Interest In Cryptocurrencies

PayPal’s foray into the industry kicked off in October 2020 when it announced that customers would be able to buy and hold cryptocurrencies on its platform. It was unarguably one of the biggest news in the crypto world last year.

With over 360 million users and 26 million vendors newly exposed to the market, many predicted a bullish momentum, and they were not disappointed. Crypto market capitalization surged by $25 billion while bitcoin hit a new all-time high following the announcement.

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Source: https://cryptopotato.com/its-official-paypal-to-acquire-crypto-custodian-curv/

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Blockchain

Chainlink, VeChain, Decred Price Analysis: 08 March

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Chainlink flipped the $28.34 level from resistance to support over the past few days and defended it from bearish pressure once more. VeChain was strongly bullish on the charts as bulls eyed a target of $0.077, and Decred was trading at $149.

Chainlink [LINK]

Chainlink, VeChain, Decred Price Analysis: 08 March

Source: LINK/USD on TradingView

On the hourly chart, LINK made steady progress past levels of former resistance, now turned support. The past couple of days saw the $28.34 level flipped to support, ceded to selling pressure before being converted into a support level once more.

This showed that in the short-term, there was some demand for LINK, which should aid its move toward and past $30 over the next few days.

The RSI moved above the neutral 50 value while the Stochastic RSI had corrected from overbought territory, showing further gain are possible in the coming hours.

VeChain [VET]

Chainlink, VeChain, Decred Price Analysis: 08 March

Source: VET/USDT on TradingView

The $0.06 was a high reached in mid-February, and a brief rectangle-top pattern was formed before VET plunged to $0.038. However, the bulls have picked up the pieces since, and driven the prices past the local highs at $0.06.

This recovery was driven by strong demand, as the OBV shows a series of higher lows that have formed recently. This is indicative of buying volume being greater than selling volume, that is, greater demand than supply recently.

The Fibonacci extension levels past $0.06 give a bullish target of $0.077 (27% extension) for VET bulls to achieve over the next few days.

Decred [DCR]

Chainlink, VeChain, Decred Price Analysis: 08 March

Source: DCR/USDT on TradingView

The ascending channel (cyan) was one that DCR has been trading within since late January. DCR broke down beneath the channel, but not far. The $125 mark caught its fall and served as support on multiple retests.

Since then, a short-term range appears to have formed, from $125 to $149.

On the 4-hour chart, the Aroon indicator showed some choppiness for DCR- a trend hasn’t yet been established. Above the $149 mark, which also represents the 62% Fibonacci extension level for a past move, there lies a region of supply at $165-$170.


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Source: https://ambcrypto.com/chainlink-vechain-decred-price-analysis-08-march

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This strategist’s data suggests an accelerating pace of Bitcoin replacing Gold

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Commodity Strategist Mike McGlone shared on Twitter recently that his data points to an accelerating pace of Bitcoin replacing Gold “as a store of value in investor portfolios.” While the precious metal will always have a place in “jewelry and coin collections,” Bitcoin on the other hand seems to be “pushing aside the old guard” and will replace the metal as an inflationary hedge. 

According to McGlone’s data, investors have frequently chosen Bitcoin over gold in terms of its store of value from 2017 onward – as shown in the image below: 

Source: Twitter

In addition to the asset’s growth over Gold, McGlone has been bullish about Bitcoin’s price as well. 

McGlone who earlier predicted, quite accurately, that Bitcoin would surge to the $50,000 mark, recently made a new prediction. He stated that the price of Bitcoin will continue to appreciate to eventually hit the $100,000 milestone by 2025, a target expected by many other Bitcoin bulls. He based his forecast on the asset’s growing popularity, which is seeing increasing adoption, even among mainstream investors. The expert once said that financial markets may even want to replace US Dollar reserves with Digital Dollars and Bitcoin.

Some maximalists such as MicroStrategy CEO Michael Saylor even cautioned investors to sell their gold, and buy Bitcoin instead. According to him, “gold is dead money” and that “other people are going to sell their gold”. 

Gold advocate Peter Schiff who always counters such arguments remains certain that Bitcoin is a scam and argued that it couldn’t replace gold only because it appreciates at price. Schiff’s criticism of Bitcoin has often irked traders.

One trader dedicated a comparison of his investment in Bitcoin and Gold to Schiff. He claimed that $1 invested in Bitcoin vs Gold over 11.4 years amounted to: 

Bitcoin:$66,542,100.00…Gold:$1.63

Source: @woonomic


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Source: https://ambcrypto.com/this-strategists-data-suggests-an-accelerating-pace-of-bitcoin-replacing-gold

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