Category: Cryptocurrency News

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

The billionaire crypto proponent said politicians and regulators have a flawed understanding of crypto and its technological underpinnings.

We talk about DCA in this sub a lot, but it's often times difficult to understand what the end result of a medium-term DCA strategy can look like, and how it might have looked for other people at different times. I was curious about what Bitcoin DCA (dollar cost averaging) might look like for different…
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Kirobo–a blockchain technology company that aims to be the enabler of DeFi, granting people control over their cryptocurrencies–has launched a smart contracts-powered ‘P2P Swap Button’, per a press release on July 27. The P2P Swap Button The button allows for direct peer-to-peer swapping of tokens without the need for a middleman. Typically, the intermediary is an exchange or an external asset custodian. Furthermore, Kirobo has said that the P2P Swap Button allows users to set their preferred token prices avoiding slippage. Usually, cryptocurrency exchanges adjust token prices depending on several factors, like existing liquidity and traders’ order sizes. Large order sizes in an exchange with thin liquidity leads to high slippage, unfavorable to the trader. The P2P Swap Button provides a means of linking parties in a decentralized manner. Using the tool, transactors will swap tokens at better rates, without having to exchange at a discount. Traders also have the liberty to choose when to trade for the best prices and swap with relatively low gas fees. Disrupting the Token Swapping Market Besides eliminating price risks, security is enhanced since all swaps are non-custodial. Funds won’t leave the custody of either party until there is confirmation and approval of the transfer effected using a verifying password. Asaf Naim, the co-founder and CEO of Kirobo, said the tool could disrupt the token swapping market. “Our P2P Swap Button is exactly the tool needed to disrupt the token swap market. Until now, people had to use an exchange if they wanted to swap, but they’ll never get the best deal there because venues adjust prices according to how much you’re selling. We’re allowing people to trade directly with their peers for pre-agreed prices and complete safety,” he said. To level the field, the CTO of Kirobo, Tal Asa, said the tool would also be freely available to its users. This way, Asa explains, traders will make more lucrative swaps with confidence that the operation is completely secure. The P2P Swap Button secures transactions using an authentication key whose component parts are split three ways – between the smart contract, the transaction initiator, and the Kirobo server. By employing a multi-signature, multi-transaction mechanism, Kirobo, as per the press release, removes the risk of fraud and errors. A Tool to Eliminate Human Error in Immutable Crypto Transfers Kirobo has also launched an ‘Undo Button’, allowing users to reverse Ethereum, UNI, LINK, SUSHI, USDT, and KIRO transactions sent in error. The tool obligates the sender to create a passcode which is then sent to the recipient. If the funds fail to reach the recipient, the transaction can be canceled and reversed using the passcode. The tool shields users against human errors, which have resulted in millions of dollars of lost funds. Unlike in legacy finance systems, cryptocurrency transactions are immutable. All transactions sent to the wrong address are permanently lost because a blockchain cannot be rolled back. A New York Times report indicates that over 20 percent of all Bitcoin in circulation are inaccessible, trapped behind complex encryptions, and declared lost due to forgotten passwords. Undo Button Has Retrieved over $6 Million of Crypto Assets Kirobon has been audited by several blockchain security firms and the Israel Innovation Authority. The agency also extended Kirobo two grants, helping the firm launch its solutions. With the increasing popularity of cryptocurrencies and DeFi, the Undo Button has processed $1.5 billion of cryptocurrencies, retrieving over $6 million of transfers through canceled transactions.

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

As title says I am looking into exchanges and 3 big stand out. Binance , Coinbase and Kraken. I am looking something that will protect my personal data I give up at KYC state. Basically I don't want my ID data leaking. Besides that good support would be great. Now for first request all 3…
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You asked, and I delivered! Actually nobody asked, I was just curious for my own benefit and wanted to share. Here is the setting: If you are getting paid monthly in fiat, you have a cash flow issue. You have the money to buy crypto once a month, and therefore you feel like you need…
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The reason the price keeps going up is the people who believe in the project and are still willing to be a part of it even at or near all time highs (or fomo lol). So if you bought at or near all time highs, in the name of the entire r/CryptoCurrency community, I salute…
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Bitcoin is in wait-and-see mode as the dollar trades near two-month lows on warnings that the Fed could continue its stimulus programs.