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New Blockchain Wallet Functionality and Exchange Listings are Coming for the Bitcoin-sCrypt Altcoin (BTCS)

The Bitcoin-sCrypt (BTCS) community is pleased to announce new development and marketing initiatives, which include the release of new development features (e.g., blockchain voting and censorship-resistant messaging), the creation of an official Bitcoin-sCrypt marketing team and an official exchange listing drive to increase the number of exchanges trading Bitcoin-sCrypt (BTCS). Since our release of Staking […]

The post New Blockchain Wallet Functionality and Exchange Listings are Coming for the Bitcoin-sCrypt Altcoin (BTCS) appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

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The Bitcoin-sCrypt (BTCS) community is pleased to announce new development and marketing initiatives, which include the release of new development features (e.g., blockchain voting and censorship-resistant messaging), the creation of an official Bitcoin-sCrypt marketing team and an official exchange listing drive to increase the number of exchanges trading Bitcoin-sCrypt (BTCS).

Since our release of Staking functionality in the latest major update, Bitcoin-sCrypt users have been generating new BTCS for themselves by staking their BTCS coins to help the network.  As such, the Bitcoin-sCrypt Altcoin (BTCS) has been utilizing a hybrid Proof-of-Work/Proof-of-Stake consensus algorithm to secure transactions on the blockchain.

Now the Bitcoin-sCrypt team is working on adding new exciting functionality to the Bitcoin-sCrypt blockchain wallet.

Upcoming Bitcoin-sCrypt Wallet Development

We are currently working on adding decentralized blockchain voting and censorship-resistant messaging directly to the Bitcoin sCrypt wallet client.  Soon, community members will be able to vote on development issues using their cryptocoins and will be able to send censorship-resistant messages directly from the wallet client.

Censorship-resistant messaging functionality will allow users to send unfiltered messages to other users directly in the BTCS wallet client.  The censorship-resistant messaging functionality will be released in two phases.  An initial centralized test phase followed by the final release of decentralized censorship-resistant functionality.

The decentralized voting functionality will allow users to vote on development issues directly within the Bitcoin-sCrypt wallet.  Bitcoin-sCrypt’s plan to decentralize development by allowing users to vote on development issues has been a long-term goal and the Bitcoin-sCrypt team is excited about the new features to come.

Official Assembly of a Bitcoin-sCrypt Marketing Team

In response to the increased community interest in the Bitcoin-sCrypt Altcoin (BTCS), the Bitcoin-sCrypt team will be putting together an official Bitcoin-sCrypt marketing team to take responsibility for Bitcoin-sCrypt’s marketing efforts.   Since Bitcoin-sCrypt’s genesis block, marketing has been purely word-of-mouth, and now the community is excited to finally have a dedicated team to assist with social media marketing, crypto-forum postings (like bitcointalk and cryptocointalk), and to lead exchange listing drives to have Bitcoin-sCrypt listed on more crypto-exchanges.

As such, the Bitcoin-sCrypt community is pleased to announce JJ-Dutch as the new chair of the Bitcoin-sCrypt marketing team.  JJ-Dutch has been involved in crypto, generally, and Bitcoin-sCrypt, specifically, for many years and the community is excited to have him aboard to lead our efforts.

Further, membership in the Bitcoin-sCrypt marketing team will be opened up to community members in the coming months.  

 We are super excited about the times to come for new blockchain development features for the Bitcoin-sCrypt Altcoin (BTCS)!

For more information, please visit:

Bitcoin-sCrypt Website:  https://bitcoinscrypt.io
Bitcoin-sCrypt Twitter:  https://twitter.com/theotherbitcoin
Bitcoin-sCrypt Facebook:  https://www.facebook.com/groups/BitcoinScrypt/
Bitcoin-sCrypt Discord: https://discord.gg/EAXdR8j
Bitcoin-sCrypt Telegram: https://t.me/BitcoinScryptOfficial
Bitcoin-sCrypt Blog:  https://theotherbitcoin.com

For questions or more information, please contact:  [email protected]

BTCS is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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Source: https://bitcoinprbuzz.com/btcs-echange-listings/Source: https://bitcoinprbuzz.com/btcs-echange-listings/

Blockchain

U.S. Treasury Targets Stablecoins in Latest Regulatory Risk Assessment

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As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas.

Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out of tokens, it added.

The anonymous insiders are worried that a “fire-sale run on crypto assets could threaten financial stability and that certain stablecoins could scale up dangerously fast.”

Strengthening Regulatory Efforts

The Financial Stability Oversight Council is also preparing a formal review into whether stablecoins pose an economic threat.

The officials are focusing on how stablecoin transactions are processed and settled and whether market conditions have an impact, it added. Tomicah Tillemann, global head of policy at a crypto fund run by venture capital giant Andreessen Horowitz, commented:


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“It is significant and very consequential that we are witnessing early steps to create a regulatory framework around digital assets. That’s a big deal.”

The report, when released, will go to the President’s Working Group on Financial Markets. The body includes key agency heads such as Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and Securities and Exchange Commissioner Chair Gary Gensler.

In late July, Yellen called for urgency in regulating stablecoins after stating that they are not adequately supervised. Gary Gensler echoed the sentiment in early August, stating that regulators must act to protect investors from fraud.

Also, in late July, Acting Comptroller of the Currency, Michael Hsu, said regulators are looking into Tether’s commercial papers to see whether each USDT token was really backed by the equivalent of one U.S. dollar.

Tether has repeatedly issued assurances that its reserves are fully backed but has yet to produce a full independent audit.

Stablecoin Ecosystem Update

Tether remains the market leader with a current supply of 69.4 billion, according to the Tether Transparency report. This is close to the all-time high for USDT, which tapped 70 billion earlier this week.

Of that total, 36 billion or 51.8% is based on the Tron network, with 33.8 billion or 48.7% running on Ethereum. USDT supply has grown by 232% since the beginning of the year.

Rival stablecoin, USDC, from Circle currently has 29.3 billion in circulation after gaining 651% in terms of supply growth so far in 2021.

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Source: https://cryptopotato.com/u-s-treasury-targets-stablecoins-in-latest-regulatory-risk-assessment/

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Blockchain

Cardano, Chainlink, MATIC Price Analysis: 19 September

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Most altcoins in the market have been consolidating or recording losses over the last 24 hours. Cardano fell by 3% and inched closer to the support line of $2.20. Chainlink also depreciated by 5% and was trading closer to its three-week low price. Lastly, MATIC was seen moving closer to its one-week low price of $1.29 after registering a loss of 5% over the past day.

Cardano (ADA)

Cardano, Chainlink and MATIC Price Analysis: 19 September

ADA/USD, TradingView

Cardano lost 3% of its valuation over the last 24 hours. The altcoin was priced at $2.33. Over the last few days, ADA has been consolidating. The nearest support line for the coin stood at $2.20 and then at $1.72. 

On the four-hour 20-SMA the alt’s price was seen below it, indicating that the momentum belonged to the sellers. The Relative Strength Index was below the 50-mark. The Chaikin Money Flow also was seen below the half-line as capital inflows were low.

MACD witnessed a bearish crossover and flashed red bars on its histogram. If ADA moved on the upside, the first resistance mark stood at $2.49, toppling which it could retest $2.79. The other price ceiling stood at the multi-month high of $3.04. 

Chainlink (LINK)

Cardano, Chainlink and MATIC Price Analysis: 19 September

LINK/USD, TradingView

Chainlink was priced at $27.80 after it recorded a loss of 5% over the last 24 hours. LINK’s nearest price floor was at $27.78. Falling below which the coin could trade near its three-week low of $24.45. 

Parameters pointed towards negative price action. On the four-hour chart, LINK’s price was below the 20-SMA. This reading suggested price momentum was inclined towards the sellers. The Relative Strength Index was below the half-line.

Awesome Oscillator flashed red signal bars. MACD also displayed red bars on its histogram. On the flipside, once buying pressure revives, the altcoin could attempt to retest the $32.37 resistance mark and then revisit $35.83. 

Polygon (MATIC)

Cardano, Chainlink and MATIC Price Analysis: 19 September

MATIC/USD, TradingView

MATIC depreciated by 5% and was trading at $1.39. The altcoin’s immediate support line was at $1.29 which also is the one-week low price level. The other price floor was at its over a month-long low price point of $1.07. 

Bollinger Bands converged, indicating that price volatility would remain low over the upcoming trading sessions. MACD was bearish with red bars on its histogram. The Relative Strength Index was also seen below the half-line. 

MATIC’s movement on the upside could mean that the coin would meet with its first resistance at $1.42 and then at $1.54. Toppling over these levels, the coin could revisit its multi-month high of $1.76.

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Source: https://ambcrypto.com/cardano-chainlink-matic-price-analysis-19-september

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The Crypto Mining Fight in China Is Not Over

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It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30.

China Is Still Kicking Miners Out

China shocked the world not too long ago when it decided that all crypto mining should cease. The idea was that energy used for crypto mining purposes was hazardous to the planet, and that it was setting humans on the wrong path. Thus, regulators stated that it was time to bring things to an official end.

What was most surprising about the ruling is that the country, at the time, was home to nearly 75 percent of the world’s total crypto mining operations. Thus, it stood to lose a lot of money and tax revenue by initiating the clampdown. In addition, the country is home to two of the world’s biggest developers and distributors of bitcoin mining equipment in Bitmain and Canaan Creative.

Nevertheless, China has moved forward in its decision. Many mining operators were forced to shut down their businesses and move elsewhere, and quite a few have popped up in countries such as Kazakhstan and in states like Texas and Florida. Both these regions in America have stated they are open to crypto mining projects given that they can potentially lead to healthier local and state economies, and they will create jobs for interested workers.

The Hebei province issued the following statement:

Cryptocurrency mining consumes an enormous amount of energy, which is against China’s ‘carbon neutral’ goal.

The arguments against crypto mining have become rather prominent in recent months. One of the most notable stemmed from Elon Musk, the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla. He stated early in the year that he was willing to permit bitcoin payments for electric vehicles. A few weeks later, however, he rescinded this decision, claiming that miners were not utilizing their energy correctly, and he could not condone bitcoin unless carbon emissions were brought down.

Too Much Bad Energy in the Air!

Another argument came from Kevin O’Leary of “Shark Tank” fame. The billionaire investor claimed that he would no longer be purchasing any BTC mined in China given that the country was not known to utilize green energy for mining purposes. China later took this issue to heart, it seems.

Starting in October of this year, bitcoin and crypto mining in China will be completely illegal. Regulators in the nation have stated that they will keep a close eye on the mining space and will work to punish all those who disobey the rules.

Tags: china, Crypto Mining, Hebei province
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Source: https://www.livebitcoinnews.com/the-crypto-mining-clampdown-in-china-is-not-over/>

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