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RWallet is Officially Launched on iOS and Android Platforms As The First Use Case of the RSK3 Libraries

IOV Labs has recently announced the launch of RWallet, a secure, open-source, easy to use blockchain wallet that allows users to send, receive and trade multiple cryptocurrencies within the RSK blockchain ecosystem — including Bitcoin (BTC), smartBitcoin (R-BTC), RIF Token (RIF), RIF on Chain (ROC), RIF Pro (RPRO) and Dollar on Chain (DOC). RWallet is

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IOV Labs has recently announced the launch of RWallet, a secure, open-source, easy to use blockchain wallet that allows users to send, receive and trade multiple cryptocurrencies within the RSK blockchain ecosystem — including Bitcoin (BTC), smartBitcoin (R-BTC), RIF Token (RIF), RIF on Chain (ROC), RIF Pro (RPRO) and Dollar on Chain (DOC).

RWallet is a cryptocurrency wallet that represents the first use case of the rsk3 libraries. For the uninitiated, the rsk3 development suite is a collection of open-source JavaScript libraries created for developers who wish to build on the RSK blockchain.

In this article, we take a closer look at the unparalleled potential of rsk3 libraries by exploring the cutting-edge features of the newly unveiled RWallet.

Introduction to RSK3.js Suite

To understand what the RSK.js suite is, we must first establish the definition of a developer suite. In layman terms, a developer suite is essentially a bundle of tools for developers to build upon.

To draw an analogy, consider Ethereum blockchain’s web3.js libraries that allow developers to interact with a local or remote Ethereum node using HTTP, IPC, or WebSocket.

In the same way, the rsk3 libraries enable developers to interact with a local or remote RSK blockchain node, thereby making common function calls easier to perform and providing a conducive environment for dApp developers. The open-source nature of RSK3.js libraries is aimed towards offering robust development tools to developers who seek to build applications on the RSK blockchain network.

Focus Areas of RSK3.js Libraries

A strong and resourceful development tool suite can be identified with the level of security, and ease of use offered by it. Staying true to this, the rsk3 libraries have four key focus areas that seek to spur the pace of application development on the RSK blockchain. The four focal points are as follows:


Blockchain technology is synonymous with security and, therefore, it is not surprising for a development suite that leverages this emerging technology to have a similar security quotient. The rsk3 libraries offer robust security mechanisms to developers so they can start developing dApps on the RSK blockchain without having to worry about any potential security breach. 

Notably, before their public release, the rsk3 libraries successfully underwent a strenuous independent security audit conducted by smart contracts security protocol Quantstamp.

Compatibility with the RSK Blockchain

A major chink in the armor for the vast majority of blockchain development tools is their lack of compatibility with the underlying network. Being a native development suite built on top of the RSK blockchain, the rsk3 libraries solve the compatibility issue. This is evident from the numerous ways the RWallet interacts with dApps and other services built on top of the RSK blockchain network.

Relatively Less Verbose

Blockchain, being a novel and a somewhat complex technology to work with, involves enormous coding which can, subsequently, compromise its performance. A verbose programming language can greatly stunt the efficiency of the code, leading to subpar performance during program compilation. However, rsk3 takes care of this by having less “noise” in its code compared to Ethereum’s web3 libraries. Having a short, clear, and succinct code ensures better performance including shorter function calls, among other benefits.

Lightweight and Powerful Codebase

Apart from being light on verbosity, rsk3 libraries offer a powerful codebase that can be used to develop applications for a plethora of blockchain use-cases. The newly launched RWallet, which we will explore next, is just one example of the promising potential of rsk3 libraries.

The Multi-Utility RWallet

RWallet is IOV Labs’ official blockchain wallet for the RSK ecosystem available on the iOS and Android platforms.

Close followers of the RSK ecosystem would remember the May 2020 launch of the RWallet code base for developers to help developers create their mobile phone wallet on top of the most secure blockchain network. Now, with the official public launch, end-users can download and use the RWallet built using the rsk3 libraries.

Built using the aforementioned rsk3 libraries, RWallet promises its users all the attributes of the development suite and more. We will now briefly study the unique features of the RWallet that set it apart from its competition.

Giving Users Control Over their Assets

Staying true to the ethos of decentralized finance (DeFi), RWallet offers users full custody over their crypto assets. IOV Labs believes that the path to a truly decentralized financial infrastructure begins from users having complete control over their funds without the involvement of any intermediary in between. RWallet’s crypto custody feature is a step in that direction.

Robust Security

RWallet offers 100% impenetrable security which means that neither RSK nor any other 3rd party can access the user’s funds or personal data. RWallet uses a secure seed to generate the private key and provide the users with an easy to follow the backup and recovery process. Interested users can learn more about the security measures of RWallet in the technical documentation here.

Support for Multiple Cryptocurrencies

As highlighted earlier, at present, RWallet supports Bitcoin (BTC), smartBitcoin (RBTC), RIF Token (RIF), Dollar on Chain (DOC), RIF on Chain (ROC), and RIF Pro (RPRO) with plans for adding more cryptocurrencies to the catalog soon.

Notably, in addition to the purchase and selling of crypto assets, RWallet offers swap functionality that lets users instantly swap certain digital assets within the wallet using third-party services. For instance, the swap functionality can be used by users looking to swap between BTC and RBTC.

Integration with the RIF Name Service (RNS)

RWallet is integrated with the RIF Name Service (RNS) which allows users to use their RNS human-readable blockchain domain with their wallet address to easily transact crypto assets.

For those not in the know, RNS is a decentralized service that enables individuals to have an easy to read domain in any blockchain network. In simpler terms, RNS can be thought of as a service that allows users to change the complex, hard to remember alphanumeric blockchain wallet addresses into readable addresses.

RWallet’s integration with RNS not only mitigates the possibility of mistyping the complex blockchain wallet addresses but also enables users to show ownership of an asset without necessarily having to share details about their identity, thereby preserving their privacy.

Interested users can register their RNS domain here.

In-App Decentralized App Browser

RWallet also features an in-app dApp browser that lets users navigate through and operate their favourite RSK blockchain-powered dApps. The RWallet dApp browser brings users closer to the numerous RSK smart contracts-based DeFi protocols, including Money on Chain (MOC) and RIF on Chain (ROC) as well as stablecoins

Support for Several Languages

Keeping in mind its global user base, RWallet supports a total of seven languages, namely – Chinese, English, Spanish, Portuguese, Japanese, Russian, and Korean.

Upcoming Features

Always willing to push the envelope, IOV Labs have already announced the features they would be including in the future release of RWallet. Future release plans for Rwallet include introducing support for custom tokens created on the RSK blockchain (eg, ERC-20), multi-sig wallets, and other RIF and third-party services via an integrated dApp browser.

Final Thoughts

The launch of RWallet marks a significant milestone for both IOV Labs and the RSK blockchain ecosystem.

RSK blockchain has always strived for decentralization, be it in the form of its use-cases across myriad industries or the latest stint in the DeFi space. The RWallet is the latest feather in the cap for the RSK ecosystem which promises to offer users a safe and simple way to store, trade, and do so much more with their crypto assets. RSK blockchain will continually improve the RWallet to support the most disruptive and significant capabilities of the broader RSK blockchain and RIF ecosystem.

Built on top of the rsk3 JavaScript suite, RWallet acts as the one-stop application to interact with RSK network accounts, contracts, network properties, and dApps. IOV Labs invites curious and adventurous developers to get their feet wet in the exhaustive rsk3 library suite and begin building innovation applications on the RSK network. 

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Kraken Daily Market Report for April 12 2021

Republished by Plato




  • Total spot trading volume at $1.74 billion, up from the 30-day average of $1.34 billion.
  • Total futures notional at $555.7 million.
  • The top five traded coins were, respectively, Bitcoin, Tether, Ethereum, Ripple, and Cardano.
  • Strong returns from Uniswap (+25%) and Flow (+11%).

April 12, 2021 
 $1.74B traded across all markets today

#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset

The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (April 12 2021)

Figure 2: Mid-size trading assets: (measured in USD) (April 12 2021)

Figure 3: Smallest trading assets: (measured in USD) (April 12 2021)

#####################. Spread %. ##########################################

Spread %

Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (April 12 2021)


#########. Returns and Volume ############################################

Returns and Volume

Figure 5: Returns of the four highest volume pairs (April 12 2021)

Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (April 12 2021)

###########. Daily Returns. #################################################

Daily Returns %

Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (April 12 2021)

###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

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Bitcoin Prepares For its Next Move: Where is the 100 SMA, the Key BTC Level?

Republished by Plato



Bitcoin price is consolidating above the $59,500 support zone against the US Dollar. BTC is now showing a few positive signs, but it must clear $61,200 for a fresh rally in the near term.

  • Bitcoin is holding gains above the $60,000 and $59,500 support levels.
  • The price is now trading well above the $59,500 level and the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $59,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to start a sharp upward move once it clears the $60,800 and $61,200 levels.

Bitcoin Price is Showing Positive Signs

Bitcoin remained in a range above the $59,000 level and it is showing a few positive signs. Recently, BTC made another attempt to clear the $61,200 resistance, but it failed.

It corrected lower and retested the $59,500 support level. A low is formed near $59,432 and the price is now moving higher. It is also trading well above the $59,500 level and the 100 hourly simple moving average.

There was a break above the 50% Fib retracement level of the recent decline from the $61,212 high to $59,432 low. There is also a key bullish trend line forming with support near $59,400 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on

Bitcoin is now trading above $60,400, but it is facing resistance near $60,800. It is close to the 76.4% Fib retracement level of the recent decline from the $61,212 high to $59,432 low.

A successful break above the $60,800 level could open the doors for a move above $61,200. If the bulls succeed in clearing $61,200, the price could rally in the coming sessions.

Dips Limited in BTC?

If bitcoin fails to climb above $60,800 and $61,200, there could be a short-term downside correction. An initial support on the downside is near the $60,000 level.

The main support is now forming near the trend line, $59,500 and the 100 hourly simple moving average. If the bulls fail to protect the 100 hourly SMA, there could be a major decline. In this case, the price might decline towards the $58,000 level.

Technical indicators:

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

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

Major Support Levels – $59,500, followed by $59,000.

Major Resistance Levels – $60,800, $61,200 and $62,000.

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USDT, USDC, and BUSD represent 93% of stablecoin market cap

Republished by Plato



Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the sector’s entire market cap.

Glassnode’s April 13 “Week On-chain” report found that the top three stablecoins — Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) — have seen significant growth over the past six months to represent a combined capitalization of more than $60 billion, equal to 92.75% of the stablecoin market.

By contrast, six months ago the combined stablecoin capitalization for those three was less than one-third of its current levels at $19.2 billion. This time last year, stablecoins were worth just $7 billion combined.

The analysis compared the growth of stablecoins with Bitcoin’s market cap, identifying a clear correlation between the two. The report also found that USDT’s supply has continued to increase during recent weeks despite BTC trending sideways, whereas growth for USDC and BUSD has slowed.

BTC market cap vs stablecoin supply: Glassnode

The report notes historic lows for its Stablecoin Supply Ratio (SSR) metric, which measures Bitcoin’s market cap relative to the total stablecoin supply to estimate the global “buying power” of the stablecoin sector.

When BTC prices are low, the supply of stablecoins can buy a larger portion of it to push prices up. Conversely, as prices increase the available stablecoins can purchase less which reduces the influence on prices. Glassnode concluded:

“The growth of stablecoin supplies throughout 2020-21 has held the SSR metric near historical lows suggesting a relatively high buying power of digitally native dollars. The demand for digital dollars appears to be keeping pace with demand for Bitcoin and cryptocurrencies as a whole.”

Tether’s market cap has over doubled since the beginning of 2021 to currently sit at a record $45.6 billion, according to the Tether transparency report. Circle’s website reported an all-time high of $11.5 billion USDC on April 9, while Goingecko estimated BUSD’s supply to be $5.1 billion on April 13.

On April 7, Circle CEO Jeremy Allaire predicted its USDC stablecoin could soon surpass PayPal by settlement value.

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