TrueReviews.io runs successful alpha test on BSV blockchain

TrueReviews.io was one of the standout projects at the Bitcoin Association’s recent Pitch Day in Seoul, South Korea. Not wanting to lose that momentum, the project recently had successful limited alpha test, inviting real users to start using the service and test its limits.

True Reviews, founded by Connor Murray, seeks to solve the problem of fake or unfair business reviews by removing advertising from the experience, and instead replacing it with a Bitcoin SV (BSV) reward system.

The site began looking for alpha testers on October 12, quickly finding several dozen to help give the project a good once over. Murray returned to Twitter on October 15 to announce the results of the test.

The 62 registered users created 76 reviews of businesses, and those reviews earned a total of 267 tokenized reputation points. Murray noted one user racked up a high of a 51 point reputation score, while another set the high for most reviews with 13.

This wasn’t just for fun though, as he noted that the real goal was to stress test the software, and prepare it to be more feature-filled in the future.

The site promises to be much more than just a review system in the future. Once businesses get involved, the site’s “About Us” section notes that it could become a great system of marketing and reward in the future:

In exchange for a verified review, tokenized rewards (gift cards, coupons, etc) can be issued to the reviewer and redeemed at the business.

If you’re unfamiliar with Murray, he has been a mainstay of the BSV community for quite some time. He spoke at the Expo-Bitcoin International conference in Bogota, Colombia, about the importance of BSV adoption to solving global economic problems. He also hosts the Bitcoin and Beyond YouTube channel, where he’s previously interviewed Dr. Craig Wright on the history of Bitcoin, and the tense relationship the nChain chief scientist has with many of his rivals.

ONE Store’s Jay Lee talks changing the music industry with BSV

Apple and Google may have complete dominance in the mobile apps market the world over, but in South Korea, one platform has managed to topple them both and take over the lucrative market in one of Asia’s largest economies. Despite being quite young, ONE Store has grown aggressively in Korea, and now, it has set its sights on using the Bitcoin SV (BSV) blockchain to disrupt the music industry.

Speaking to CoinGeek during the recently held CoinGeek Seoul Conference, CEO Jay Lee explained how ONE Store has managed to compete against the big tech giants and emerged victorious. While Apple and Google charge up to 30% of the revenues raised by publishers such as game and app developers, ONE Store just charges 5%. This ensures that the publishers make much more from their work.

Lee was one of the speakers in the conference where he made one of the biggest revelations in the BSV ecosystem yet—BUSKON, a music platform that is building on the concept of online busking.

BUSKON will enable the music industry to finally get rid of the middle men who keep on exploiting the content creators and making money from the hard work of the musicians.

“P2P commerce gets rid of the middleman,” Lee explained. “So, we made a decision to start with a small project, by the name BUSKON. This is a whole new concept of music distribution. The music creator uploads their content, the customers will then listen to or watch that content and if they like it, they’ll give a token to them.”

ONE Store began working on the project in 2018, with lot of trials and errors finally culminating into the success that BUSKON is. The company also experimented with a few other blockchain platforms before finally coming to the conclusion that BSV was the best fit for the job.

We tried other blockchain projects, but finally we found that BSV can resolve all the issues we have; reliability, security and more.

Bitcoin Association propels BSV projects into businesses with first ever Pitch Day

Bitcoin Association, the global organization for Bitcoin businesses, gathered a group of investors recently in Seoul to delve into a collection of BSV projects pitched by its creators and explore potential business opportunities with them.

Bitcoin Association created an avenue through the first ever Pitch Day for these ventures and commercial projects to get access to funding from investors, and improve their BSV-driven ideas and products further, and consequently, turn these projects into actual businesses.

The whole day Shark Tank-type event catered to 14 pre-screened, enthusiastic participants from different parts of the world, including China, South Korea, Japan, Italy, Mexico, and the United States. The “pitchers,” ranging from seasoned entrepreneurs to young developers, went through the same process: each was given maximum of 30 minutes to present their ideas and answer questions by the investors interested in the BSV ecosystem from across Asia, Europe and North America.

The investors had insightful questions, which shows they understand the space well, according to Mike Gamaroff from Wheedl, one of the commercial ventured that pitched.

“They’re not playing. They are here for business,” he told CoinGeek, adding, “You expect when you were asked questions, you’re going to have a quick answer. I learned quite a lot actually. I thought, ‘you’re right’ I’ve got to go back and do that.”

Developer Joonyeong Park, who has no experience running a business, made his debut speaking in front of an investor panels at this event. This showed that the organizers were open to anyone—old and new – as long as you have a promising business idea.

The investors responded positively to Park’s pitch by asking a series of questions, showing interest to his product. This made him excited after his presentation.

Among all the presenters, Park was the one who asked for the lowest funding—US$100,000—which made one of the investors share this tip with CoinGeek for future project holders.

“Don’t ask for too little money and at the same time, don’t ask for too much. It’s a fine balancing act,” advised Alex Fauvel from TwoHop Ventures.

Founding President of the Bitcoin Association Jimmy Nguyen thought the process challenged these young entrepreneurs to evaluate their business plan. He added, “think about things like how to generate revenue, what’s my operating expense going to be, how much money do I need to raise, who are my competitors, all those things that, as someone who has worked in the business world for a long time, I know you need to do for business planning.”

This Pitch Day is only one of the many initiatives that Bitcoin Association is doing to support the growth of the entire BSV ecosystem. Recently, Bitcoin Association has announced another initiative—sponsoring the Cambridge University Metanet Society to conduct events that educate and promote the powerful capabilities of the BSV protocol, blockchain, and cryptocurrency.

In 2020, the organization plans to organize the second Pitch Day in London, the same week the CoinGeek Conference will be held in the city.

Look for ‘Satoshi’ in 2019 Oxford English Dictionary

The word “Satoshi” has been officially recognized by the Oxford English Dictionary for the first time, joining a slew of new words to be added to the dictionary this year.

According to the most recent quarterly update of words published by the Oxford University Press, the word has been added to dictionaries, alongside the likes of “Manhattanhenge”, “whatevs” and “chillax.” The update clarifies Satoshi’s usage as a unit of cryptocurrency, as well as highlighting its origins, derived from the founder of Bitcoin himself Satoshi Nakamoto.

Satoshi is the smallest monetary unit in the Bitcoin cryptocurrency, and is named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.

According to the new dictionary definition, a Satoshi is the “smallest monetary unit” in BItcoin.

The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.

With the addition, Satoshi joins Bitcoin, which was first added to the dictionary in 2014—years before it entered into common usage, though still several years since the term was first…coined.

According to the OED, the term was first used back in 2008, immediately prior to the launch of BTC in 2008, appearing “in a message to an electronic mailing list in 2008 which describes a ‘new electronic cash system’ which is ‘fully peer to peer, with no trusted third party’ handling payments between buyer and seller.”

It noted, “Whether or not the name under which this message was sent, ‘Satoshi Nakamoto’, is a pseudonym, and whether this name is being used by a single person or by a group, Nakamoto’s claim to have coined the word ‘Bitcoin’ seems relatively secure.”

Further, the authoritative dictionary says Satoshi was reportedly born in 1975. However, Dr. Craig Wright, the founder of bitcoin, was in fact born in 1970, and it remains unclear to whom the dictionary refers on this detail. Nevertheless, the inclusion of Satoshi in the dictionary shows the increasingly mainstream nature of the cryptocurrency world.

Following a similar trajectory as use of the word ‘Bitcoin,’ it is expected that “Satoshi” will be more commonly used and understood in the coming years, as essential terminology for those using and discussing crypto for payments.

Facebook Libra forges ahead as council named and problems continue

Facebook is still chipping away at the rough stone that it hopes will eventually become a highly polished stablecoin project. Despite overwhelming concerns over the ability of the social media company to responsibly manage a financial solution, Facebook still has high hopes for Libra and is attempting to act as if nothing is wrong. Like a duck on a pond, though, what’s on the surface isn’t always the same as what’s found underneath.

Libra just lost a number of its original backers, including Visa, MasterCard, PayPal, Stripe, eBay and Mercado Pago, who pulled out of the Libra Association within the past couple of weeks. According to the U.S. Treasury Secretary, Steven Mnuchin, this is because they came to their senses. He told CNBC this week, “I think they realized that they’re not ready, they’re not up to par. And I assume some of the partners got concerned and dropped out until they meet those standards.”

Those standards refer primarily to guidelines established by findings of a working group created by the G7 to explore stablecoins, BBC reported. The group determined that stablecoins, including Libra, are a major risk to the global financial system and supported its findings by providing nine different ways the projects could be detrimental.

Among those ways, the working group’s report said that stablecoins could cause issues for policymakers when they try to establish interest rates, that they could create financial instability if users were to suddenly lose confidence in the currencies and others. The report asserts, “The G7 believe that no stablecoin project should begin operation until the legal, regulatory and oversight challenges and risks are adequately addressed” and adds that rectifying any concerns “is not necessarily a guarantee of regulatory approval for a stablecoin arrangement.”

Still, the Libra Association is forging ahead. While it doesn’t have the original 28 founding members it expected to have, 21 are still said to be involved and they all met Monday in Geneva, Switzerland, to sign the Libra Association charter. Among these companies were Uber, Spotify, Anchorage, Coinbase, Vodafone, Kiva Microfunds, Lyft and Women’s World Banking.

Each member will have one vote in how Libra operates and, according to the charter, will have to recuse itself if there’s a conflict of interest. That might result in a lot of recusals, since several companies have already been said to have intertwined relationships with Facebook. However, the charter also allows members to transfer their membership to other companies “under limited circumstances,” which might make any recusal irrelevant.

None of the founding members appears to be too concerned with all the negative attention the project is being given. Spotify released a statement expressing its optimism, saying, “Though it is still in the early stages, we look forward to exploring the opportunity offered by the Libra Association to empower billions of people globally, especially in financially underserved markets.”

Steve Shadders discusses how the original Bitcoin is being restored at CoinGeek Seoul

Cryptocurrency, as the name implies, was originally designed by Satoshi Nakamoto to be an alternative to fiat. More than just a different type of currency, though, it was an improvement over what is currently available because it puts control of money back in the hands of all consumers. Many crypto projects have lost sight of that fundamental reason for the existence of digital currency, but Bitcoin SV (BSV) and its supporters haven’t. During the recent CoinGeek Conference Seoul gathering, Steve Shadders took a few minutes to discuss what is going on to restore Bitcoin to its original purpose and what this means to the Bitcoin ecosystem, as well as the future of finance.

Shadders is the Chief Technology Officer of nChain, one of the main entities behind BSV development. He met up with CoinGeek’s Stephanie Tower to offer some brief comments on what’s happening and to explain how the Road To Genesis is going to change digital currency. He explained that the transformation is all about removing limitations and restrictions on Bitcoin, adding, “Our goal is to bring the protocol back as close as possible to the original protocol that was designed by Satoshi, implemented by Satoshi ten years ago.”

Genesis will allow Bitcoin to go to the next level. It will incorporate new scripts, new opcodes, multiple transactions into a single unit and other enhancements that make it more robust. One of the biggest changes is the removal of block size limitations, which allows for unlimited scaling and growth. It also further enables people to build even more powerful applications on the BSV blockchain.

There has been a lot of confusion regarding what the real purpose of digital currency is—some believe it’s simply a way to invest and, hopefully, see incredible returns. Others, like those helping to build BSV, understand that this isn’t the true reason Bitcoin exists. Genesis is going to create an entirely new level of development as it completely stabilizes the protocol. Shadders points out that the protocol has been warped, just like the definition of Bitcoin, and that there was “never meant to be any protocol work in the first place. The only reason there is work is because we [have] to put it back to the way it was.”

Genesis is the name for the next big upgrade coming to the BSV blockchain, currently scheduled for February 2020. Once that upgrade is in place, Bitcoin growth is going to be exponentially higher than the levels currently seen. It’s all about building the next economy.

David Case talks about his journey with Kronoverse and Bitcoin SV

Kronoverse is working on very innovative new gaming technology on the Bitcoin SV (BSV) blockchain, and they had a lot to show at the recent CoinGeek Seoul conference. David Case, Chief Architect of the company, has learned a lot about Bitcoin in the process, and wanted to share some of that knowledge with CoinGeek’s Stephanie Tower.

His experience as Chief Architect of a Bitcoin gambling company has taught him a lot about the blockchain. “It’s been really interesting, because we started before we really even understood what Bitcoin is, or the power of it is,” he noted. “And so it’s kind of been my own evolution through learning what’s out there and how this stuff works, and it’s become an obsession of mine, it’s actually overtaken my life, so it’s been pretty fun.”

As a newcomer to Bitcoin, Case explained that his struggle has mostly been the widespread misunderstandings about the technology. “I think it’s mostly just very misunderstood, and that people don’t actually understand the power that’s there, and I’m sure that’s why Craig [Wright]’s been frustrated for all the last 10 years, because people don’t get it,” he said. “And even people who are really, really advanced in the crypto space don’t understand the power of Bitcoin, and it’s really powerful.”

But Case has learned a lot, and Kronoverse has come a long way. He spoke about the improvement’s we can expect to see soon from the company. “We’re starting to open up the platform that we’re building CryptoFights on so that other game developers can build apps with it, and that includes a wallet for their actual development environment and their phones, it involves server side management of the Bitcoin data and communicating that and managing communications across all clients,” he noted. “And it also involves a lot of being able to automate what’s going on, so you can have systems that just watch Bitcoin, and then can react based on however they’re programmed to react.”

How far away are we from seeing other developers on the Kronoverse platform? “We’re in the process,” he replied. “We’re actually opening up a developer waiting list right now, so as developers are interested, we’re going to start working with them one on one, to figure out what’s going to be the best way, the best people to work with to get this fully out.”

But the big news most gamers wanted to know as Kronoverse entered CoinGeek Seoul is the one that Case might have been most excited to talk about: when can we play CryptoFights? “First of all, we’re going to be having a Beta release of CryptoFights by the end of the year, which is really exciting,” he said. “And then, again, it’s just all the platform services that make it really easy for developers to build on Bitcoin without them really needing to know much about Bitcoin at all.”

Crypto miner Canaan will be listed in the US in November

In July, Chinese crypto-mining service giant Canaan Creative filed for an IPO in the U.S., seeking to raise $200 million from investors. Now it is reported that the company will be listed by the middle of November.

According to a source, Canaan is expected to issue 1.26 billion shares which have been available for subscription starting on October 6, and will close on October 20.

The Chinese cryptocurrency mining giant set a valuation of between $2 billion and $3 billion after issuing the 1.26 billion shares. Should the company follow through with plans to be listed in November, they would become the first of the three Chinese crypto mining giants to go public within the country, jumping ahead of Bitmain and Ebang. All three have filed for an IPO application to go public in Hong Kong, but Canaan recently let their application lapse without continuing the process.

In a statement, Kong Jianping, the co-lead director of Canaan, explained that the United States Securities and Exchange Commission (SEC) has a very good understanding of both blockchain and cryptocurrency. This makes it easy for the company to remain compliant with regulations once they go public in the country.

While it looks like a done deal and the U.S., Canaan has not had a lot of success with IPOs. In 2016, they tried to list on the Shenzhen Stock Exchange using a backdoor listing. This effort was thwarted when they were unable to meet the regulatory requirements.

A year later, they submitted an IPO listing application to the NEEQ but would abandon their efforts in less than a year after finding the policy environment impossible to work with. Undeterred, they filed an application with the Hong Kong exchange in May 2018, but the company allowed it to lapse six months later.

It appears that their efforts now have been solely dedicated to getting up and running in the U.S. before attempting to file for an IPO in other countries.

Canaan was founded in 2013 and is known for producing the first crypto mining hardware in China, the Avalon miner. This miner is customized with superfast ASIC chips which has nearly removed computer mining from the process.

In 2017, the company reported that they shipped nearly 300,000 of these bitcoin mining machines across the globe. That gives them 20.9% of the entire global market share and they are currently the second-largest producer of all cryptocurrency miners.

A look back at the latest in the Facebook Libra saga

It’s unlikely that Mark Zuckerberg expected the widely negative response that his Libra stablecoin project has received. The Facebook founder and CEO has had a difficult time convincing anyone that it’s a viable solution to the world’s banking issues, and this sentiment doesn’t appear to be ready to change anytime soon. Zuckerberg will try once again to convince U.S. lawmakers that the project has merit, but the road that has brought him this far is paved with failed intentions. 

When it looked like Libra would receive support from companies such as Visa, MasterCard, Stripe and PayPal, lawmakers stepped in to issue gentle warnings to the companies that it wouldn’t be a very good idea to officially back the project. Two U.S. lawmakers penned a letter to the companies’ CEOs, reminding them of the risks Libra has to consumers and mainstream finance. PayPal had already pulled its support last week and others, including Visa, MasterCard, eBay and Stripe have followed, as well. The losses put the project at further risk of never fully getting off the ground.

One of the biggest reasons that regulators and governments are concerned is because Facebook is so big – hundreds of billions of customers big. It has already shown that it isn’t capable of adequately protecting user data, as several breaches have revealed, but Facebook asserts that this shouldn’t a consideration. Its involvement, according to the company, is minimal and it will only have one vote in the Libra Association, the organization that will manage the project.

However, a closer look reveals something different and shows that regulators are correct in being cautious. Of the Libra Association’s 27 founding members (provided they all stay in place), 15 have ties to Facebook. Andreessen Horowitz, for example, is a founding member and also a Facebook investor, as well as an investor in four other projects tied to the Libra Association. Marc Andreessen sits on the company’s board. Another Facebook investor and board member, Peter Thiel, is also an investor in projects of two other Libra Association members.

Many countries have already announced that they won’t allow Libra to be used within their borders and the European Union (EU) is now pushing for new rules that could be implemented for the EU in its entirety. Japan has joined from the outside, looking to take that EU suggestion to a whole new level and make the rules global. It seems like the only major friend Facebook has lately for Libra is IBM.

Facebook had initially thought that it would be able to have Libra ready to go this past summer, based on the fact that it believed it was too powerful to be stopped. As soon as reality set in, it figured out that more time would be needed and then set a potential launch of June of next year. Based on what has transpired over the past month, and what is still to come, Libra will most likely be delayed even further and, with many of its backers jumping ship, may even never survive.

Editor’s note: This article has been updated.

This week in crypto: All the important developments in cryptocurrency space

As active as the blockchain and cryptocurrency spaces are on a continual basis, it may sometimes be difficult to keep up with everything that’s going on. It’s also difficult to separate the real news from the fluff – those pieces that are only designed to appear noteworthy but that are, in fact, just publicity campaigns. In an effort to provide crypto enthusiasts with an overview of what’s going on, here is a rundown on some of the top stories of the week.

Bitfinex and Tether have had another rough week. There was some good news, as well as bad, as the saga over their close relationship and questionable activities continues. On the one hand, Bitfinex has been told by a judge that it won’t have to turn over documents related to those activities for now. The New York Attorney General’s Office wants to know exactly what the two have been doing behind closed doors, and they’re fighting the office over its reported lack of jurisdiction. Until a request to have the case dismissed over those jurisdiction claims can be answered by a judge, Bitfinex can ignore the request.

On the other hand, though, neither of the two entities should think that it’s off the hook. While they have been given a brief reprieve in the fight with the New York government, they face a separate one with New York investors. A law firm in the state, Roche Freedman, has filed a class-action suit against Tether for its “fraudulent” stablecoin scheme. Tether’s USDT stablecoin is no longer pegged to the U.S. dollar, as it had been advertised, and the company is accused of using its position to manipulate the crypto market.

Alipay was forced to take a defensive stance this week after rumors started circulating that it was now accepting crypto payments. This would have been against the Alibaba-owned payment platform’s own rules and would, according to the company, possibly violate payment financial regulations. Alipay has a strict no-crypto policy that doesn’t permit the platform to be tied in any way to digital currencies. The announcement came after the Binance exchange stated publicly that it was now able to receive fiat payments using Alipay, via a third-party processor, which didn’t sit well with Alibaba.

The U.S. Securities and Exchange Commission (SEC) rejected yet another rule change proposal that sought to introduce a crypto-based exchange-traded fund (ETF). This one had been submitted by Bitwise Asset Management and the NYSE Arca exchange at the beginning of the year, and received the same response as have the myriad of other requests – the possibility of market manipulation prevents the SEC from signing off on the proposal. Bitwise has indicated that it might try again, but at a much later date.

On October 6, Bitcoin SV (BSV) reached a new milestone. A review of blockchain activity revealed that BSV had surpassed BTC in the total number of transactions per day. That day, BSV saw 290,000 transactions, while BTC saw 288,000. One of the biggest reasons for the increase comes from the difference in transaction fees. An average BTC transaction will set someone back around $51.42, while the average cost for a BSV transaction is just $0.31.

If there were any questions about how Bank of America (BoA) views the future of digital currency, things were just cleared up a little. BoA had long been a staunch opponent to anything having to do with crypto, but then began to seek blockchain patents and explore the fringes of the Bitcoin ecosystem. Its latest move leaves zero doubt about what is coming, as it has recently completed a recruitment action that was launched to find a Ripple expert to work in-house. The individual, according to BoA’s LinkedIn job posting, would “lead the project management team for the Ripple Project.”

Lichtenstein is still determined to be a leading financial hub, even if that hub centers on digital currency and not fiat. The country’s Parliament just approved a new Blockchain Act, which will give better protection to companies and investors, and will almost certain attract a lot of activity to the mid-Europe country.

Top cryptocurrency apps for Android and iOS

A few years ago, cryptocurrency was an asset class that many struggled to understand. However, a lot has changed since then, with easy-to-use solutions having sprung up in the past few years. These solutions make it easy to stay informed on the crypto market, to keep track of your crypto portfolio and to trade on popular exchanges.

With the number of people using smartphones surging each year, crypto mobile apps have become very popular. Whether you’re an Android or iOS user, there’s an app for your every need. Some of the most popular apps include:

Blockchain Wallet

One of the most important things to do as a crypto trader or enthusiast is to keep your stash safe. The Blockchain Wallet allows you to do this through an easy-to-use platform. With over 38 million wallets in 140 countries, it’s also one of the most popular wallets in the market. The wallet supports cryptos including BTC, ETH and BCH. The wallet also supports paying with crypto on merchant locations.

Coinbase

Coinbase has established itself as one of the most user-friendly crypto exchanges especially for crypto newbies. Its app is just as simple to use, allowing you to buy, sell and store cryptos in a secure platform. Once you go through the KYC process, you can connect your bank account or credit card and begin trading straight away. The app also lets you stay up to date on how your portfolio is performing with price charts and alerts.

Centbee

While most apps cater to people who are already into crypto, none of them matches the efforts that Centbee has put into attracting new users to crypto. The wallet has made use of a unique method to onboard users into crypto using vouchers that can be purchased at retail stores. Centbee offers more than just safe storage for your crypto, enabling BSV payments at merchant stores and one of the fastest international remittance channels using the Bitcoin SV blockchain.

Blockfolio

One of the biggest limitations for most crypto apps is the number of cryptos that they support. Some crypto traders need an app that can track hundreds of cryptos which allows them to trade effectively. Blockfolio is one of the apps that support the most cryptos in the market. The portfolio management app supports thousands of cryptos, from the most popular such as Bitcoin SV to smaller cryptos. The app also allows you to view your portfolio in over 100 fiat currencies, catering to your needs no matter which part of the globe you are from. The app also covers over 300 crypto exchanges and keeps you up to date with the latest news from leading outlets.

CoinCap

CoinCap is designed to keep you up to date on the status of your crypto with real-time market data and tracking features. The app is quite simple and requires no sign up to use. The app displays the prices of hundreds of cryptos, their market capitalization, supply, traded volume and the changes in the prices. CoinCap sources its data from hundreds of exchanges to give you the most accurate results. Its charts are however not as detailed as some of the portfolio tracking apps.

RelayX

 

RelayX has established itself as one of the best all-round crypto apps, enabling the seamless sending and receiving of money with anyone at any time. Enforcing the earn and spend philosophy of the Bitcoin SV ecosystem, the app allows its users to earn in BSV for referring and onboarding users. However, the most outstanding feature of the app is that it has eliminated the need for the users to hold BSV in order to use BSV by combining the top up and pay into one action. The user can make payments in any fiat currency of their choice or any other payment system including Alipay and WeChat Pay and then have it converted.

Tab Trader

Tab Trader allows you to trade on several crypto exchanges, stay up to date on the latest news and track the market movements all on one platform. The app enables you to buy and sell cryptos easily, offering leverage trading on some cryptos as well. The app also contains several technical indicators which can guide your trading decisions. Tab Trader supports several crypto exchanges including BitMEX, Bitfinex, Binance, Bittrex, Bitstamp, HitBTC, Huobi, Poloniex, KuCoin and Coinbase. The app also curates news articles from leading publications as well as from dedicated sub-reddits.

HandCash

HandCash may not have been around for as long as some of the apps on this list, but it has already cemented its place as one of the best crypto apps in the market. The Bitcoin SV wallet focuses on making crypto usage as simple and intuitive as possible, and they have succeeded at this. While many other apps use long and complicated email addresses, HandCash uses simple addresses or $handles which the users get to compose themselves. This makes it easy to send BSV without worrying about sending it to the wrong person.

Gemini

Yet another cryptocurrency exchange, Gemini’s app is among the most popular in the crypto industry. The platform is fairly simple to use especially for newbies. However, Gemini sets itself apart from its peers by being one of the well regulated crypto exchanges. The exchange has also been very strict in regards to its security. Gemini however has a smaller selection of cryptos compared to its peers.

BRD Wallet

The Bread Wallet supports BTC, ETH, BCH, and several other ERC20 tokens. The wallet allows you to purchase BTC through your credit card. It also offers a convenient mapping feature that allows you to find all the Bitcoin ATMs in your local area. Unlike many of its peers, BRD Wallet connects directly to the BTC blockchain with no intermediate servers, enhancing security.

Coinomi

Coinomi Wallet allows you to send and receive over 1,000 cryptocurrencies. The wallet has robust privacy features such as no IP association, no identity linking and no transactions tracking. The wallet also allows you to convert from one crypto to another within the app. Coinomi supports 25 languages and assures its users of superb encryption.

Xapo

Xapo’s institutional business may have been acquired by Coinbase, but its mobile app is one of the most popular crypto wallets in the market. The wallet is renowned for its enhanced security with a 24/7 risk analysis and market-leading proprietary data encryption technology. Xapo also allows you to assign custom access levels to other members. Sending crypto to other Xapo users is free.

Did we miss your favorite app? Let us know in the comments section below.

Editor’s note: This article has been updated.

A successful first Bitcoin project: ImmortalSV review

As the Bitcoin blockchain was designed to be immutable, saving information for the world to forever look back upon, using it to archive important data is a natural use case. While naturally that works for digital money, as Bitcoin SV (BSV) has scaled massively and also become the data carrier of the world, it also works great for things like websites, best evidenced by ImmortalSV.com.

Much like how archive.org and it’s WayBackMachine helps archive the internet, ImmortalSV offers the same service to anyone looking to do the same on the blockchain. The service is pretty simple to use: simply enter a website address, and the site will take a screenshot for you to archive. Using a Money Button wallet, just pay for your screenshot to be recorded on the blockchain, and the site provides a bico.media address for you to see that it worked.

We tested the site and found it worked flawlessly for what it’s intended to do. Using the website for the top movie in the world at the time, Joker, we paid $0.08 in BSV, and an image of the site was quickly written to a transaction and saved on the blockchain.

A successful first Bitcoin project: ImmortalSV review

There are some important differences from how archive.org’s service that have to be taken into account. The site doesn’t proactively seek out websites to record to the blockchain; it only saves those that users wish to save. That could be both a pro and a con, in that it may miss out on quality content that should be saved to the blockchain, but it’s also more efficient, in that it won’t save a bunch of junk there either. It also doesn’t save the code of a website like archive.org does, only taking a screenshot instead.

But the business model is very different from archive.org as well. ImmortalSV requires users to pay their own way to make the service work, while archive.org requires donations from the public to provide an ad free service.

We reached out to the site’s creator, Twitter user @Synfonaut, to ask him more about the site and what his motivation in creating it was. “The inspiration behind ImmortalSV was to build something quickly so that I could learn BSV development,” he replied. “I wanted to build a useful tool, and the ability to store snapshots of websites on the blockchain seemed like a good fit.”

If you’re hoping for ImmortalSV to become a more feature filled site, Synfonaut cautioned that he thinks you should look to another service. “There aren’t any more major plans for ImmortalSV,” he noted. “I had some future ideas for more archiving, but etched has done a fantastic job providing this.”

But if you’re impressed with Synfonaut’s ingenuity and first attempt at a Bitcoin app, he’s got more coming. “Shortly after ImmortalSV, I launched Open Directory and since then have been working on a major update that helps content creators monetize their work—I should have a big announcement soon!”