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Combining Convenience and Security, TenX Is Expanding Bitcoin Usability

Sponsored: TenX is granting users the ability to make everyday purchases and withdraw fiat using bitcoin.

The post Combining Convenience and Security, TenX Is Expanding Bitcoin Usability appeared first on Bitcoin Magazine.

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This is a sponsored article provided by TenX.

Ever since it was introduced in Satoshi Nakamoto’s 2008 white paper, bitcoin has had yearning potential to be used regularly around the world for everyday purchases. It has built-in capability to make purchases faster, more secure and more convenient, but a lack of widespread infrastructure and adoption have stood in the way of this vision becoming a reality.

Enter TenX, a Singapore-based blockchain company built to allow users to convert their bitcoin to fiat instantly, wherever they choose to leverage it. With its payment system in place, TenX is helping to realize bitcoin’s greatest potential.

Building the Bridge to Bitcoin

Through a payment system that includes the mobile TenX Wallet app, which can be funded with bitcoin and other cryptocurrencies, and the TenX Visa Card, which is useable at more than 54 million merchant locations across nearly 200 countries, TenX is granting users the ability to make everyday purchases and withdraw fiat using bitcoin.

When users leverage the TenX Visa Card, merchants receive payment in fiat currency, ensuring a seamless transaction that benefits both sides. This conversion is conducted automatically and instantly, so, as far as Bitcoiners are concerned, they’re purchasing cups of coffee (or anything else, for that matter) using BTC — a momentous advance in useability for the original cryptocurrency and the dream of many long-standing Bitcoiners.

Not only are such services making it considerably easier for Bitcoiners to live their lives using the currency of their choice, but they’re also creating an effective new onboarding pipeline for new users.

“We noticed that there are many potential customers who are intimidated about getting into crypto, even though they are curious about the space,” said Toby Hoenisch, CEO and co-founder at TenX. “Part of TenX’s mission is to transition the world to being able to access crypto in an easy and safe way and to help users feel comfortable about their journey into the space.”

Convenience, With Security Protection

Though it is working to make investment in and frequent use of bitcoin vastly more convenient, TenX is maintaining a core tenet of the technology: security.

TenX adheres to the rigorous security standards imposed by the Payment Card Industry Security Standards Council (PCI), ensuring any data transmitted through card processing transactions is protected. The TenX Visa Card has an added layer of real-time fraud prevention and security verified by Visa to prevent unauthorized use online.

Users can instantly lock their cards through the TenX app, leverage facial recognition and fingerprint unlock features on supported devices and the app automatically makes over-the-air updates to its most secure available version. Two-factor authentication (2FA) is enforced for all TenX users.

A Special Promotion in Trying Times

TenX and Bitcoin Magazine have partnered to give our readers and community members in card-live countries a free TenX Visa Card. In a time of unprecedented economic uncertainty, paying through contactless methods and the continued adoption of bitcoin could introduce new options and levels of security to users around the world.

These cards will be valid in the Asia Pacific region and in Germany and Austria. The promotion will run for four weeks, from April 28, 2020 to May 31, 2020.
To learn more, visit TenX’s homepage and download the TenX Wallet app. For your free card, utilize the code pictured below.

The post Combining Convenience and Security, TenX Is Expanding Bitcoin Usability appeared first on Bitcoin Magazine.

Source: https://bitcoinmagazine.com/articles/combining-convenience-and-security-tenx-is-expanding-bitcoin-usability?utm_source=rss&utm_medium=rss&utm_campaign=combining-convenience-and-security-tenx-is-expanding-bitcoin-usability

Blockchain

Cardano Price Analysis: 17 May

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At a time when other altcoins were stumbling, Cardano [ADA] witnessed significant growth. Although the price of the digital asset mirrored the correction in the Bitcoin market, the overall market still seemed to hold on to a high value.

At the time of press, ADA had lost 12% of its value since the peak and was currently being traded at $2.14 with a market capitalization of $69.31 billion.

Cardano hourly chart

Source: ADAUSD on TradingView

The above chart of Cardano shows the drops seen by the markets recently. Although the price dropped from a peak of $2.47, it has now managed to hold on to $2.13. Though the overall market looked strong, short-term indicators predicted a correction.

As the price traded right above the support at $2.10, a fall could push it under the level and close to the next immediate support at $2.02.

Reasoning

ADA market unlike many other altcoins markets was showing reduced volatility. Convergence of Bollinger bands was indicative of this trend. The signal line was moving lower, tracing the movement of the candlesticks.

As the price remained above the current support for a long time, there were chances that the price would breach support. The relative strength index was noting that selling pressure which was maintained close to 50 was now heading towards the oversold zone. The rise in selling pressure could push the price lower; however, Chaikin money flow suggested that the money that was leaving the market was now coming back in.

Crucial levels

Entry-level: $2.09
Take profit: $2.01
Stop level: $2.16
Risk to Reward: 1.04

Conclusion

The current Cardano market was suggesting that the consolidating price might be looking to correct again. The indicators were suggesting a rise in selling pressure, which could result in another fall. However, the buying pressure could result in a trend reversal as the CMF highlighted money entering the ADA market.


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Source: https://ambcrypto.com/cardano-price-analysis-17-may

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Blockchain

Legacy Records, The First Record Label Paying Music Artists In Crypto

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From painters to digital artists to musicians, crypto continues to find integration across artistic mediums. Music continues to be a field that is ripe for revitalization, from a business standpoint. Accordingly, a number of different musicians have been releasing songs and albums as NFTs. Now, we have what’s being reported as the first official record label looking to get involved. The label looks to have artists join the ranks of other musicians getting involved in crypto.

Two-Pronged Approach

In a press release issued to start this week, Legacy Records CEO Keishia McLeod said it came down to “either get involved or get left behind”. McLeod cited unique income stream opportunities for artists and closed by saying that “this is the future, not a trend”. McLeod has stated previously her intent to drive the label to be at the forefront of leveraging emerging technology in music.

There are two major buckets contributing to Legacy’s approach. The first is the most notable, as the label will become the first to offer artists an opportunity to receive their advance and royalty payments in the form of crypto. The second is to engage artists with NFTs, allowing fans to participate in auctions for unique content. The label’s specific plans around NFTs, and number of artists seeking to get paid in crypto, have not yet been disclosed.

Related Reading | The “Hottest” NFT: Max Denison Pender Creates And Destroys A Self-Portrait In A Volcano 

As the crypto market grows, both artists and businesses are getting involved | Source: CRYPTOCAP-TOTAL on TradingView.com

Legacy Music’s Broader Business Growth 

Las Vegas-based Legacy Records, not to be confused with Sony’s Legacy Recordings, will look to take advantage of the potential press buzz from the announcement. However, in tandem with the release, the label also announced a to-be-name music distributor who has also agreed to pay Legacy Records artists in bitcoin. The label also merged with New Jersey entertainment lawyer Navarro Gray’s ‘The Gray Firm’, to provide legal guidance around digital execution.

McLeod has noted previously that the label has desired being a mainstay in revolutionizing the way music artists do business. In a January interview with the LA Tribune, McLeod cited Netflix’s impact on the film industry, adding that “we haven’t seen that yet in this industry, but it’s coming. We’re going to be a large part of making that happen”.

Related Reading | Reviewing Topps MLB’s First Swing At NFT Tech

Music Artists Emerging Into Crypto

Legacy’s roster has the potential to join a growing list of music artists that continue to engage with crypto and NFTs. Last month, we wrote about long-time hip-hop artist Eminem partnering with Nifty Gateway to release original instrumental beats. Saturday Night Live promptly had a sketch explaining the digital collectibles parodying Eminem’s “Without Me”.

Other musicians engaging with NFTs include DJ Premier, 3LAU, The Weeknd, Linkin Park’s Mike Shinoda, and more.

Each week, our team recaps the week’s NFT action with ‘NFTs In A Nutshell‘ – covering everything NFT, from sport, music, and more.

Featured image from Pixabay, Charts from TradingView.com

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Source: https://bitcoinist.com/the-first-record-label-paying-music-artists-in-crypto/?utm_source=rss&utm_medium=rss&utm_campaign=the-first-record-label-paying-music-artists-in-crypto

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XRP, Dogecoin, Chainlink Price Analysis: 17 May

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Dogecoin required to counter bearish conditions before a jump above $0.569 resistance. Lastly, Chainlink needed to push above $45.5 to trigger a bullish comeback after a descending triangle breakdown.

XRP

Source: XRP/USD, TradingView

Gains made over the last three days were impressive especially considering a bearish broader market, but sellers returned at $1.52-resistance. At press time, the cryptocurrency traded within the channel $1.52-$1.31 and reflected a degree of equilibrium between the buyers and sellers. For those hoping to make profits from a volatile XRP market, ADX’s movement dimmed expectations. Since mid-April, ADX has been on a steady decline and a period of consolidation seemed likely.

RSI hovered in the neutral territory around 50. A symmetrical triangle awaited a breakout to the upside and the Fibonacci tool presented a few target levels above the 200% extension level north of $3 (not shown).

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

On the daily timeframe, Dogecoin showed some sideways movement as bulls prepared for the next upswing. The channel between $0.523 and $0.373 was bolstered by the 20-SMA (blue) and formed a reliable buy zone should another dip occur.

As mentioned earlier, breaking above $0.569 resistance could trigger another rally in the DOGE market. Steering clear of $0.73-resistance would heighten the chances of DOGE touching $1. However, bearish conditions still presided and had to be countered first before any talks of an upswing. Awesome Oscillator noted bearish pressure after a series of red bars. MACD line remained below the Signal line but a bullish crossover could signal the onset of an uptrend.

Chainlink [LINK]

Source: LINK/USD, TradingView

Chainlink broke south from a descending triangle and a single candlewick dropped as low as $35.1- representing losses of 14% from the bottom trendline. Now below its 50-SMA (yellow) on the daily timeframe, bearish sentiment could lead to another sell-off towards $31 for LINK. On the other hand, some buying volume was noted on the 4-hour timeframe. A pickup in volumes and buying pressure could lead to a resurgence above $45.5 and this would likely push LINK beyond $50. A broader market recovery could act as a catalyst for such a price swing.

Meanwhile, RSI’s lower highs confirmed weakness after LINK formed a peak at $52.9. Even though Chaikin Money Flow dipped over the past couple of days, the index was still well above the half-line as capital inflows outmatched outflows.


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Source: https://ambcrypto.com/xrp-dogecoin-chainlink-price-analysis-17-may

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