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iTransfer: New Way to Send Crypto

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Anyone who wants to use iTransfer to send cryptos back and forth without using the blockchain must download the AABB Wallet as it the only crypto wallet that makes these kinds of transactions possible.

Cryptocurrencies are one of the most important developments that have occurred in the world of finance in human history. However, even though cryptocurrencies are such a major technological and financial breakthrough, they are still tricky to send from person to person. This makes them difficult to use as actual currencies, which is what they were designed for.

Recently, a key development has been made in the crypto transactions space that will allow cryptocurrencies to be sent from person to person with significantly more ease.

iTransfer

iTransfer is a new technology that allows cryptocurrencies to be sent by email, SMS, WhatsApp, Facebook messenger, and other social media platforms. Because of this, the transactions are not dependent on blockchain technology for validation and completion. This dramatically speeds up transaction time and makes them simpler to complete.

Transactions are password protected just like an E-transfer feature offered by many banks. Having the password validates that both parties consent to the transaction and that the transaction is legitimate. The hybrid network acts as a payment channel between the two parties involved. Once the channel is established, it is quite simple to send money back and forth between parties.

The AABB Wallet

Anyone who wants to use iTransfer to send cryptos back and forth without using the blockchain must download the AABB Wallet as it the only crypto wallet that makes these kinds of transactions possible.

If you don’t have an AABB Wallet and someone tries to send you cryptocurrencies with iTransfer, then you will get a notification via SMS, Facebook messenger, etc., letting you know that you have to download the AABB Wallet first. Once you are in the app and had created an account, you can go to the iTransfer module in the Wallet, enter the provided password, and receive the crypto.

If no one accepts the crypto within 30 days by entering the correct password in the AABB Wallet app, then they are automatically returned to the sender. Because of this feature, you won’t have to worry about your cryptos disappearing into cyberspace if you send them and no one receives them properly. They will simply return to you. Once you get them back, you can try sending them again if the person you want to send them to have downloaded the app, or you can just keep them. There is also a feature allowing you to ‘Cancel’ the transaction and automatically have your funds returned, if not claimed.

What are the Primary Benefits of Sending Cryptos Through iTransfer?

One of the most important benefits of sending cryptos through iTransfer is that it is extremely private. This is because the transactions are not recorded on public blockchains unlike normal cryptocurrency transactions. With iTransfer, the transfer of cryptos from one party to another cannot be tracked by public scanners and the transactions remain on the private AABB network.

Because the transactions are on the private AABB network, you can hide transaction information from the prying public eye. For example, if your salary is paid in a cryptocurrency, then you won’t have to reveal this information on a blockchain. The information is completely hidden within the AABB network. This is highly desirable for people who send or receive large amounts of cryptocurrencies on a regular basis and who do not want to become targets for hackers who scan blockchains looking for people with a lot of cryptos.

The AABB Wallet is one of the very first cryptocurrency wallets to offer these off-blockchain private payment options. If you are someone who values privacy, then this is a great option for you. Another key benefit of the iTransfer payment system through the AABB wallet is that it is faster than traditional blockchain transactions for blockchains like Ethereum and Bitcoin. This is because miners are not required to validate transactions. All that is needed is for both people to have the AABB Wallets and the sender-created password.

Should You Use iTransfer to Make Crypto Payments?

Some people buy cryptocurrencies just to hold them for long periods of time to profit from their increases in value. If you are one of these people, then you don’t necessarily need to use iTransfer. However, making payments in cryptocurrencies and sending cryptos to friends and family is becoming more and more popular. Therefore, if you are someone who plans on making cryptocurrency transactions on a regular basis in the future, then it is a great idea for you to download the AABB Wallet and to start using it for private crypto transactions.

With the AABB Wallet, you will be able to send and receive top cryptocurrencies like AABB Gold (AABBG) tokens, Bitcoin, Ethereum, and Litecoin. The app is extremely convenient, and it makes sending and receiving cryptocurrencies easier than ever before.

This technology is brand new, but because it is so beneficial for so many people, it is likely to grow significantly in popularity. You can be among the first people to start using iTransfer and start the trend if you start using it now! The best part? The AABB Wallet and the iTransfer are free to use.

Conclusion

Thanks to iTransfer, making crypto payments is going to be a lot smoother, faster, and private. Whether you will be making one crypto transaction a week or one thousand a week, this technology can help you. iTransfer is very easy to use and after you do it once or twice, you will get used to it. So, give it a try and see how you like it.

Altcoin News, Bitcoin News, Cryptocurrency news, News

Andy Watson

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Crypto wallet Zumo adds support for Bitcoin SV (BSV) after BTC and ETH

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Zumo, a crypto wallet and payments app, has announced that it can now be used to store and receive the cryptocurrency Bitcoin SV (BSV).

BSV is the third cryptocurrency to be supported by the non-custodial Zumo wallet. Users can also hold or trade Ether and Bitcoin.

Bitcoin Satoshi Vision (BSV) emerged from a hard fork of Bitcoin Cash (BCH); which itself emerged after a hard fork of Bitcoin (BTC). It is an extension of the same original blockchain with some amendments that have targeted the dual benefits of cheaper transaction fees and increased transaction capacity.

The name comes from its supporters’ belief that BSV aligns with the original vision of Satoshi Nakamoto; who first published the white paper explaining Bitcoin.

£10,000 worth of Bitcoin SV giveaway to celebrate

To celebrate the arrival of BSV to the wallet, Zumo is launching a giveaway of £10,000 worth of Bitcoin SV. Any UK resident who opens a new wallet with Zumo passes ID verification and makes a £1 deposit between June 25th, 2021 and July 26th, 2021 will be eligible to win the prize of £10,000 in BSV.

“We’re excited about offering BSV to our users. We’re hoping to introduce British crypto investors to BSV; as well as attracting new users who have never engaged with smart money before. To anyone who’s considering getting involved in crypto I’d say: we’re here to help.”
– Paul Roach, Zumo’s Chief Product Officer

Source: zumo.money

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Source: https://www.cryptoninjas.net/2021/06/25/crypto-wallet-zumo-adds-support-for-bitcoin-sv-bsv-after-btc-and-eth/

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TA: Bitcoin Breaks $35K, Why BTC Bulls Aim A Larger Rally

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Source: https://www.newsbtc.com/analysis/btc/bitcoin-breaks-35k-rally/

Bitcoin price regained strength for a fresh increase and it broke $35,000 against the US Dollar. BTC is likely to accelerate higher towards $36,500 or even $37,000.

  • Bitcoin started a fresh increase above the $34,000 and $35,000 resistance levels.
  • The price is now trading nicely above $34,000 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $33,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is showing positive signs and it could even rise towards the $37,000 level in the near term.

Bitcoin Price is Gaining Pace

Bitcoin formed a base above the $32,000 zone to start a fresh increase. BTC broke the $33,500 resistance the 100 hourly simple moving average to move into a positive zone.

The upward move gained strength above the 50% Fib retracement level of the downward move from the $36,200 swing high to $28,850 zone. There was also a break above a major bearish trend line with resistance near $33,500 on the hourly chart of the BTC/USD pair.

The pair is now trading nicely above $34,000 and the 100 hourly simple moving average. Bitcoin is now trading above the 76.4% Fib retracement level of the downward move from the $36,200 swing high to $28,850 zone.

Bitcoin Price

Source: BTCUSD on TradingView.com

It is showing a lot of positive signs and it could continue to rise above $36,000. On the upside, an initial resistance is near the $36,200 level. The main resistance is now near the $37,000 zone. Any more gains could lead the price towards the $38,000 zone.

Dips Limited in BTC?

If bitcoin fails to clear the $36,200 resistance or the $37,000 resistance, it could start a downside correction. An immediate support on the downside is near the $34,500 level.

The next major support is near the $34,000 level. The main support is now forming near the $33,500 level and the 100 hourly SMA. A downside break below the 100 hourly SMA could open the doors for a fresh drop towards the $32,000 zone in the coming sessions.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.

Major Support Levels – $34,400, followed by $33,500.

Major Resistance Levels – $36,200, $37,000 and $38,000.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-breaks-35k-rally/

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DeFi protocol Oxygen to get series of audits from Kudelski Security

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Oxygen, a DeFi prime brokerage service built on Solana and powered by Serum’s on-chain infrastructure, announced today it has signed a strategic agreement under which Kudelski Security, a division of the Kudelski Group in Switzerland, will provide security assessment and architecture support for the platform.

Soon, Kudelski will conduct a series of reviews and audits of Oxygen’s functionality and interfaces. Meanwhile, Kudelski will have an ongoing collaboration with Oxygen to assess future enhancements, changes, or additions to Oxygen’s protocol.

“Institutions and individual investors have a right to expect that they can trust the quality, reliability, and stability of the Oxygen ecosystem. For Oxygen, this partnership provides transparency, promotes absolute confidence that the protocol does precisely what it promises and demonstrates its security; all based on a thorough assessment by a leading global expert in cybersecurity.”
– Viktor Mangazeev, Co-Founder of Oxygen

Audit Focus

Most importantly, the Kudelski Security team will perform a source code assessment, architecture review, and architecture verification of the Oxygen.org finance system.

Firstly, special attention will be focused on the contracts mechanism, finance logic, yields, borrowing, lending, and leverage mechanisms, as well as other related funds safety considerations

Moreover, verification analyses will confirm that formulas, cryptographic/mathematic, etc. in the software faithfully implement the specified intent of the protocol. Testing will also include a dynamic examination of key financial risk scenarios such as edge situations, liquidity events, and more.

“I’m very excited to be working with Oxygen on this series of engagements. It is important to show strategic leadership in promoting cybersecurity. Comparable traditional businesses have years of audits and tests; and the emerging ecosystems must put their best foot forward to build the trust of users and environmental partners.”
– Scott Carlson, Head of Blockchain Security for Kudelski Security

Oxygen is built on the growing and liquid Serum ecosystem; which leverages an on-chain orderbook to match borrowers and lenders to provide fair rates. Currently, Solana processes up to 50,000 transactions per second. Each transaction costs just $0.00001, and Solana plans to further scale these capabilities.

Source: Oxygen.org

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Source: https://www.cryptoninjas.net/2021/06/25/defi-protocol-oxygen-to-get-series-of-audits-from-kudelski-security/

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