Category: Cryptocurrency News

submitted by /u/pyritejet [link] [comments]

For one, Coinmarketcap pushes to the front many projects likely to be considered 'pump and dump tokens' on their home page in the 'biggest gainers' section at the very top of the page before you even see BTC at no.1 (mostly BSC) which I'm sure many new investors fall prey to. https://preview.redd.it/uof11fwz8zh81.png?width=2846&format=png&auto=webp&s=e97ee0268ec502e5d8adb5a9aa93c018cdedc9ae Then there is…
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submitted by /u/Horizon0D [link] [comments]

On February 14, Cere Network and Polygon launched a non-fungible token (NFT) marketplace and Web3 platform called Davinci, a project that aims to bolster the security behind NFT data. The platform is described as an “all-in-one Web3 media platform” that leverages Cere’s decentralized data cloud (DDC) platform and the proof-of-stake blockchain network Polygon. Cere Network […]

Buy-Now, Pay-Later (BNPL) is the fastest-growing payment option for e-commerce. The idea of BNPL is to enable merchants to buy on credit and pay back later at their leisure. Although it has its origins in credit cards, it is considered to have far more potential in the industry. In fact, customer acquisition for BNPL services surged by 162% between 2018 and 2019 alone. Most merchants are now realizing the need for BNPL platforms because of the immense benefits they can offer. Moreover, BNPL is also redefining the consumer journey by effortlessly integrating as a checkout option into e-commerce. As a result, every small merchant now wants to learn the fundamentals of buy now, pay later, including how it works, the integration needs, and how to manage the checkout experience. Merchant’s Perspective on Integrating BNPL Into Their Shops From the standpoint of merchant checkout design, BNPL is simply another payment option that does not need any special effort. Surely, as with any new payment method, some backend integration is necessary to present this option to customers. However, BNPL connections are simple and technically similar to other popular alternatives such as credit cards, debit cards, or digital wallets. If a merchant utilizes a checkout page hosted by a payment service provider (i.e. hosted payment page), the merchant will need even less effort to activate BNPL payments. Moreover, adding popular BNPL options like @Pay, Klarna, Afterpay, Openpay, or Affirm to the payment mix is functionally equivalent to adding Apple Pay or American Express. Merchants can integrate the option directly with the BNPL supplier or via their existing payment service providers. Integrations using current payment providers generally reduce merchants’ integration burden. Providing Massive Benefits for Merchants BNPL comes with a lot of benefits to the merchants. Firstly, it increases the conversion rate of sales of a product. According to a 2020 survey, 88.05% of online purchasing orders get abandoned due to a lack of funds to purchase things. Using a BNPL design, on the other hand, can significantly alleviate this problem by allowing buyers to purchase products on credit. Similarly, BNPL allows retailers to make large purchases more affordable by spreading them out across three, four, six, or more months, thereby allowing them to reach a broader audience. Furthermore, it also enables merchants’ to make high-value items more affordable through the use of a flexible payment structure. Also, it increases the average order value or the amount a consumer spends while making a transaction. Furthermore, it enhances the whole customer experience, ultimately promoting sales and aiding in retaining customer loyalty. The potential of BNPL-designed systems is huge, and the benefits they provide are true game-changers for the old TradFi. Things are bound to change as this new generation of platforms makes inroads into the financial market. In fact, many BNPL startups are already making noise in this space. @Pay is one such platform that is disrupting traditional FinTech with its blockchain-based approach. It offers significant cost savings to all participants in the ecosystem by utilizing smart contract technology. Its goal is to be a leading player in providing customers and merchants with decentralized finance e-commerce and in-store solutions. Improving the Overall Customer Experience As much as BNPL is useful for merchants, it is also becoming popular among customers, providing them with rapid access to an authorized credit limit that can be utilized for purchases. Although with its similarity to small-ticket loans, it has grown in importance and popularity for one important reason: a convenient and smooth user experience. From online shopping to bill payment, the cashless and cardless, BNPL is efficient, fast, and user-friendly. Making this a reality, platforms like @Pay are providing customers with the best user experience to make shopping smooth or easy. The platform allows users to pay for their shopping with any approved cryptocurrency that they hold in their @Pay wallet. Moreover, it rewards shoppers for making purchases through their ecosystem. Ultimately, it aims to provide users with access to interest-free credit by developing a fiat-to-crypto interface for eCommerce. Laying a New Standard for Payments As the usage of frictionless, contactless experiences and mobile wallets at the checkout in the retail environment keeps growing, the use of BNPL is also set to skyrocket. With platforms like @Pay making strides, it is evident that BNPL is here to stay. Customers are increasingly being exposed to BNPL services outside of eCommerce to pay for goods, and they may one day be as common as credit card payments.    

The Bitcoin price trading value has hit $41,934.38 in the open market Monday, which is down by 0.95% on its index. The crypto is still recuperating after a 50% drop from its all-time high of $69,500 in November last year. Its value has been able to rally from $33K, and crossing the psychological resistance level of up to $40,000. The bullish trend continues to ramp up as technical indicators have reached their oversold levels. The fear and greed index, which measures investors’ perceptions and personal assessments of the market, has risen to level 46 after falling to level 44 not long ago. Bitcoin Price: Positive Returns Analysts see Bitcoin having positive returns within the month, as technical indicators imply short-term buyers will be active around the $35,000-$37,000 support level for the near term. Still, its upside remains in the $45,000 mark. Despite the circumstances at hand, crypto analysts are still quite skeptical because of the Biden administration’s planned release of an executive order this month to regulate Bitcoin. BTC/USD at $44,052 in the daily chart | Source: TradingView.com Related Reading | Bitcoin Fundamentals Show Signs Of Fresh Rally, Here Are Things To Consider Bitcoin Forecast According to recent forecasts, the long-term price of Bitcoin might reach up to $150,000, representing a significant increase over the previous year’s expectation of $146,000. Coinbase data figures show the current fair market value of Bitcoin is estimated to be $38,000; the price of BTC has climbed by 17.35% in the past week. In a statement, US-based independent research group FSInsight predicts that the price of Bitcoin will exponentially grow in the future. FSInsight specializes in market analysis and sector research. With its expertise, it forecasts that Bitcoin might reach a value of $200,000. Because it’s difficult to say whether the new restrictions will be beneficial or detrimental to the cryptocurrency, the market remains very volatile. However, despite the fact that Bitcoin normally fares well, the cryptocurrency’s value might fall for the third month in a row in February, depending on how other variables influence the market. Meanwhile, according to JPMorgan’s reports, the currency has been inflating in value by 13%. JPMorgan claims the most significant obstacle to the institutional adoption of Bitcoin is its “eccentric monetary cycles” and its volatility rate. The price of Bitcoin is now four times more volatile than the price of gold, research shows. Furthermore, when interest rates rise, it is expected that Bitcoin’s entire market value will match that of gold. Related Reading | Why Bitcoin Needs To Clear $43,800 For Hopes of a Fresh Rally Featured image from Bitcoin News, chart from TradingView.com

The NFT Platform famous for minting Jack Dorsey’s first tweet has halted NFT operations amidst counterfeiting and illicit activity calls.

submitted by /u/lorecirstea [link] [comments]

Plans to include crypto in enhanced surveillance by the Canadian government has the unintended knock-on effect of fuelling “unstoppable money.”

Hi All, ​ Newbie here. Had a weird question. Why most stablecoins (minus UST) and a good number of custom tokens are ERC-20 Tokens. I realize that Ethereum is the most secure chain has a lot to do with this but is there any other reason? Per my limited understanding each project has its own…
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