Buying Bitcoin SV made easier, safer with BuyBSV site

Getting ahold of Bitcoin SV (BSV) using credit cards or via bank transfer is now easier—and safer—thanks to the newly-launched platform.

The website, powered by Coinify, allows users to create an account and buy €100 ($113) worth of BSV. Upgrading their account will enable customers to buy as much as €10,000 ($11,356) worth of BSV. Users are required to have a Bitcoin SV wallet, and they can choose from any of these providers: Centbee, ElectrumSV, HandCash, MoneyButton, and RelayX.

While Bitcoin SV is regulation friendly, BuyBSV allows customers to buy immediately without the hassle of personal identification. This is applied to amounts—€100 in this case—that are below the Anti-Money Laundering threshold for Know-Your-Customer legal compliance. All accounts have a minimum €50 order for Visa or Mastercard payments.

There are three account levels: level one, which only requires customers to create an account on Bank transfer limits are unavailable for this account level, but customers will have a €100 limit for their first order, and €300 for all succeeding orders if they’re paying via credit or debit card. Yearly limit is capped at €3,000.

To upgrade to a level two account, users will need to upload an identity document such as passport, national ID or driver’s license. Credit and debit card limits are capped at €100 for the first order, and €800 for the next orders. For payments via bank transfer, the minimum order is €100 and capped at €3,000. No annual limits for both options for level two account holders.

Customers wishing to avail of the level three BuyBSV account must complete at least €10,000 buy or sell orders. Security verification for this account will take 14 days.

Level three account holders have a €3,000 limit for daily orders paid with credit or debit cards, and €10,000 if they’re paying via bank transfer. No annual limits are set for both options.

The BuyBSV service is currently available for customers in Canada, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, and Ireland. Customers in Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Romania, and United Kingdom can buy BSV via the web service. More countries are expected to be added soon. is an example of why exchange delisting attacks are not effective against BSV. Utility tokens, after all, only need on- and off-ramps; they don’t need to be speculated on.

To start using the service, visit the website today.

Crypto market daily report – June 11, 2019

Crypto market daily report – June 17, 2019

The cryptocurrency markets continued their bullish tendencies on Monday with several of the major coins keeping their positions over the weekend. SegWitCoin (BTC) continued holding its own at $9,100 mark and was trading at around $9,120 at press time on Monday. Ethereum (ETH) also held on to its level at just under the $270 mark but appeared bullish at this level.

Bitcoin SV (BSV) was stable at the $212 level with very strong support. Ripple (XRP) was also in positive territory and was up by around 6% to the $0.43 level, whilst EOS remained just above the $7 mark with more bullish anticipation in this territory. Litecoin (LTC) was slightly down at around $135 after having reached the $138 mark over the weekend or a decline of around 2%.

Other larger market cap coins had mixed fortunes with Cardano (ADA) stable at just above the $0.09 level, whilst Stellar Lumens (XLM) was down by around 1% to just under the $0.13 mark. NEO continued rising, albeit minimally to around the $14.50 mark and also appeared bullish at this level. IOTA however went in the opposite direction and was down by around 4% to the $0.436 mark as selling pressure hit the market. BCHABC was down by around 1.6% to the $430 mark after having risen considerably over the weekend.

Coins with smaller market caps continued to stabilize their position with most of them showing considerable resistance. BAT was up by around 7% to the $0.35 mark, whilst ZEC remained stable at the $94.50 level after having risen by well over 10% over the weekend. HOT and QTUM were in positive territory by 5 and 3% respectively, whilst FTM began regaining some of its past losses with a rise of 5% to the $0.027 mark.

ZIL was another considerable climber and was up by no less than 13% to the $0.026 mark. Ethereum Classic (ETC) was slightly down by around 1.4% to the $8.70 mark.

Circle to shut down its payment app to support other products

Circle to shut down its payment app to support other products

Fintech firm Circle has announced that it’s shutting down its payment app, Circle Pay. The Boston-based firm said that while Circle Pay pioneered the social payments movement, the company had shifted its focus to other areas.

Circle Pay has been around for the past five years. The mobile app sought to make crypto payments as easy as “sending a message over the phone,” Circle’s founder and CEO Jeremy Allaire stated at the time of launch. Circle Pay was determined to compete with the likes of Venmo and Square’s Cash App which have been the outright leaders in the U.S. payments market for the past few years. However, everything hasn’t gone to plan. Circle Pay has failed to gain the traction that its founders hoped it would, failing to rank in the top 100 finance apps on the apps store. Cash App and Venmo are first and second, respectively.

Circle advised all Circle Pay customers to cash out the funds in their accounts immediately. Those who hold BTC on their Circle Pay accounts were also advised to send their tokens to other wallets, with Circle recommending Poloniex, an exchange it acquired early last year.

The shutdown will take place in three phases. On July 8, customers will no longer be able to transact using Circle Pay, but they will still be able to cash out their funds. On July 31, the company will attempt to return the customers’ funds to their registered bank accounts or cards. On September 30, Circle will cease all support for its payment app and all remaining funds will be turned over to state governments in accordance with applicable law.

Regarding customers who held SegWitCoin BTC prior to the 2017 hard fork, the company stated, “As previously announced, Circle will support and distribute Bitcoin Cash and Bitcoin SV holdings to eligible customers who held a Bitcoin balance with Circle Pay prior to the date of the Bitcoin Cash fork, August 1st, 2017. Eligible customers in good standing will be able to withdraw both their Bitcoin Cash and Bitcoin SV by the end of September.”

Circle, which is backed by Goldman Sachs and IDG Capital, pledged to continue the development of its other products and services. They include the USD Coin, the company’s stablecoin which has received the backing of U.S. crypto exchange Coinbase. The two companies have partnered as founders of Centre, a consortium that fosters the adoption and development of the stablecoin.

The shutdown of Circle Pay comes barely a month after the company announced that it was downsizing in response to market conditions. The company laid off 30 employees in its Boston headquarters and its New York office, blaming it on the lack of regulation which was hurting innovation in the crypto industry.

Crypto market daily report – June 3, 2019

Crypto market daily report – June 14, 2019

After posting considerable gains on Thursday, the cryptocurrency markets retreated slightly Friday. SegWitCoin BTC was up by around 2% to the $8,200 mark. Ethereum (ETH) retreated slightly by around 1.5% from its gains on Thursday and was trading at around $254 at press time after having reached the $260 mark during the last 24 hours.

Bitcoin SV (BSV) posted an impressive 10% increase and reached the $210 level over the past 48 hours before dropping to $205—still a rise of 7%, making it the best performing currency over the past 24 hours.

Other cryptocurrencies with larger market caps demonstrate mixed fortunes. Litecoin (LTC) continued to decline and fell below the $130 level at press time or a 5% decline to trade at around $128. Ripple (XRP) was also disappointingly stagnant and declined by around 1% to just below the $0.40 level and was trading at around $0.3975 on Friday.

EOS was down by a similar 1.5% to the $6.40 level, whilst BCHABC was the only other coin which seemed to buck the trend and was up by around 2% to the $408 level after having reached the $418 mark on Thursday. Cardano (ADA) was down by 3% to the $0.0898 level, whilst NEO was minutely up by around 1.5% to the $13.04 level. Stellar Lumens (XLM) was correspondently down by around 2% to the $0.124 level. IOTA remained stable at the $0.432 level.

Cryptocurrencies with smaller market caps exhibited mixed fortunes but the star performer of the past 24 hours was undoubtedly LINK which rose by an astonishing 65% to the $1.80 mark over Thursday before dropping to the $1.60 level at press time on Friday. Binance Coin (BNB) exhibited a steep decline to the $33.30 mark or a drop of 6% after it had risen to just under the $36 mark on Thursday. Most other coins such as BTT, TROn and ATOM were also in decline.

Crypto market daily report – June 3, 2019

Crypto market daily report – June 13, 2019

The positive streak continues for cryptocurrency markets over the past 24 hours, with majority of the top coins rising by considerable margins. SegWitCoin BTC sailed past the $8,000 mark and even touched the $8,200 level before retreating slightly to below the $8,100 mark at press time on Thursday.

Another riser was Litecoin (LTC), which pared back some of its gains after having reached the $140 mark on Wednesday. It settled at just around the $134 mark on Thursday, or a retreat of around 3%. Ethereum (ETH) also made a strong comeback and was trading at just under the $260 mark at press time, or an increase of 5% overall.

Bitcoin SV (BSV) also retained the $190 mark on Thursday and looked quite strong in that area with a push for the $200 level not entirely unexpected. The coin was trading at the $191 mark on Thursday, an increase of 2%.

Other Top 10 coins by market cap had somewhat mixed fortunes with Ripple (XRP) and EOS rising by 3% each, whilst Stellar (XLM) also up by around 2% to the $0.125 level. NEO continued its impressive progress with an increase of around 5% to the $12.90 level, whilst IOTA posted a more conservative 1% gain to touch the $0.43 mark. Cardano (ADA) continued its positive movement and was up by 4% to the $0.091 level.

Cryptocurrencies with smaller market caps also showed excellent progress with ZEC leading the way on the back of a 7% rise to the $87 mark. LINK recovered some of its recent drops with an increase of 3% to the $1.13 level, whilst Ethereum Classic (ETC) continued posting good gains with a 4% rise to the $8.56 mark. However, by far the biggest gainer of the past 24 hours was MITH, which rose by an astonishing 31% to the $0.066 level. BTT and TRON also posted considerable gains of 8% and 6% respectively.

ViaBTC launches BSV mining pool, offers 70% fee discount

ViaBTC launches BSV mining pool, offers 70% fee discount

Crypto mining pool ViaBTC has launched a Bitcoin SV (BSV) mining pool, providing users with the opportunity to mine BSV on the platform for the first time.

In an announcement posted Tuesday, ViaBTC said new miners would qualify for a discount of 70% off fees, with bigger discounts for those with higher hashrates. The deal is part of a launch promotion period which will run until July 23.

The notice, published on the ViaBTC website, said both main and sub-accounts could benefit from the promotional discounts.

“During the promotion, all BSV miners, as long as you’re mining on ViaBTC, are qualified to enjoy a fee discount up to 70% off. Higher discounts come with higher hashrates. Discount is applicable to both main & sub accounts for PPS method. The fees will be resumed as usual after the promotion,” according to ViaBTC. “ONLY main accounts are qualified for the promotion. All the hashrates of sub-accounts will be counted into main account. Please refer to Rules of ‘ViaBTC 3rd Anniversary Toast.’”

From June 13, ViaBTC users will be able to switch mining pools with a single click, with a number expected to convert resources to mining BSV this week. Earnings are paid out according to the user’s choice of cryptocurrency, with support for BSV allowing low-cost, instant transactions to external wallets.

It comes at a time of growing demand for BSV, after posting growth of over 250% in May. With merchants and consumers alike increasingly using BSV for its convenience, cost and massive on-chain scalability, the mining pool launches at a time of aggressive growth in the cryptocurrency.

The news has been warmly welcomed on social media, with Twitter users approving of the ability to withdraw funds in BSV to an external wallet, as well as expressing keen interest in participating in the BSV mining pool.

Founded in 2016, Chinese-based ViaBTC has shifted focus increasingly towards BSV, in the run up to the launch of the mining pool.


CEO Stéphane Ouellette on how FRNT will innovate investment

FRNT’s recent announcement that they had secured funding from CoinGeek founder Calvin Ayre introduced a new powerful, institutional focused fiat-settled cryptocurrency derivative platform to the world of Bitcoin SV (BSV). To learn more about the company, we reached out to Stéphane Ouellette, CEO of FRNT.

We asked the CEO, before anything else, about the innovations FRNT is bringing to the investment world. “The only fiat-settled crypto derivatives product that is widely available for institutional investors in North America and beyond is the CME BTC future,” Ouellette began with. “While this product has undoubtedly been successful (averaged over USD ~500M notional in volume/day in May) it really has no peer for single-coin exposure on a slew of other cryptocurrencies including Bitcoin SV (BSV).”

Ouellette then went on to explain what this means for institutional investors. “Essentially what the CME Bitcoin Future allows is for institutions that may not legally or operationally be able to buy/sell crypto assets to purchase a derivative that settles and operates in a framework they are comfortable with,” he said. “It is our thesis that the fiat-settled derivatives toolkit could use an enormous amount of more development. In our early roadmap, in addition to unique single-coin Synthetic Exposure Mechanisms (SEMs), we plan to offer products on composite indices, themed indices and different spread products that will allow institutional investors an opportunity to participate in the space like never before.”

We wanted to know more about Synthetic Exposure Mechanisms (SEMs), the derivative type that FRNT offers, and how it differs from what investors might be used to. “Our SEMs are based on traditional Contract For Difference (CFD) derivatives but targeted towards institutional and accredited investors,” he replied. “CFDs essentially allow two parties to take opposing exposures on a particular index. In the oil market, for example, a CFD product may track the price of WTI crude. In this case, none of the parties will actually own and take delivery of the crude but the long party owes the short if the price dips below the initial level where the contract was struck and vice versa.”

The innovation here is that CFDs are targeted to retail investors, but FRNT sees a market for them in institutional investment as well. “We believe that, contrary to what the derivative has been utilized for historically, they provide an elegant solution for institutional investors to get exposure to the asset class but not have to take actual delivery of the physical crypto which involves a variety of different frictions,” Ouellette explained. “In fact, Fidelity recently hired Greenwich Associates to conduct a survey which suggested 72% of institutional investors would prefer an investment product that gave them exposure to crypto. This greatly beat out the other options of holding physical crypto or investing in crypto companies. The SEM platform, or SEM Trade as we call it, will be the first that allows them to conduct these types of operations on a broad scale and in a way they are familiar with.”

Ouellette believes that by with a lack of institutional investment the last time cryptocurrency markets reached all-time highs, retail investors created uncontrollable volatility. “The last wave of crypto participation was almost exclusively retail driven,” he noted. “While the wave introduced many to the idea of cryptocurrency and held a lot of positives, the lack of institutional participation left the asset class more volatile than it otherwise would have been.”

The solution to this is in financial institutions. By bringing them into crypto investing, many of the flaws of crypto markets will be ironed out. “In traditional markets, institutions police market inefficiencies and ultimately serve to dampen volatility,” he told us. “Without those kinds of participants, the asset class is much more vulnerable to the kinds of wild swings and price discrepancies that make it more difficult for the dream of a crypto-based financial system to become a reality. Furthermore, a lack of institutional participation leaves the whole ecosystem more vulnerable to bad actors. Ultimately, there are many reasons why institutional participation is a benefit, I’m just naming some.”

The recent successes of BSV made it an obvious choice for FRNT as a derivative product for their platform. “FRNT follows objective criteria when deciding what products to include in its suite,” Ouellette explained. He concluded by explaining how BSV meets that criteria:

“The first is perceived client demand. I think one needs to look no further than the volumes and the price activity over the last month to see that, that box was easily checked.

The second would be sustainability in the level of interest/ecosystem. This is so as to not include a fringe coin that may be a flash in the pan and will go away in the blink of an eye. The BSV ecosystem meets the second criteria with flying colours. It has one of, if not the best, financed development pipelines in the space and is already a Top 10 currency by market capitalization. This without even mentioning the slew of projects that have announced their intention to build on BSV already this year.”

Crypto market daily report – April 16, 2019

Crypto market daily report – June 12, 2019

Most of the top coins continued to show improvements on Wednesday, with several rising by considerable margins. Leading the charge was Litecoin (LTC), which posted an 8% increase to the $138 level—another yearly high as interest in the coin increased in anticipation of the much-publicised split. SegWitCoin BTC was up by around 2% and was trading at the $7,900 level at press time, appearing to make another charge towards the $8,000 mark.

Bitcoin SV (BSV) was stable at around the $185 mark although there were signs of strong support at that level with a push towards the $200 mark not entirely unexpected.

Ripple (XRP) was disappointing, settling at just above the $0.39 level, whilst EOS appeared static at the $6.30 level. Cardano (ADA) showed impressive gains and was up by no less than 6% to just under the $0.09 mark, whilst NEO also had a positive streak with an increase of around 2% to the $12.30 level. Stellar (XLM) regained the $0.12 level after having briefly dropped below that psychologically significant mark on Tuesday on the back of a 5% rise. IOTA was also up by around 2% to the $0.43 level, whilst BCHABC remained static at the $390 level with very little movement either way.

Smaller market cap coins also saw some positive movement with TRON rising by around 2% to the $0.03 mark. CELR, ONT and ETC were also in positive territory with the former rising by no less than 9% to just over the $0.02 mark. FET also saw some positive movement where it rose by 4% to the $0.24 level, whilst Binance Coin (BNB) was another positive mover where it rose by around 5% to the $33.40 level. However, other listings on Binance such as FTM and MATIC saw considerable losses with the former dropping by over 16%.

Tokenized’s James Belding takes the stage at CoinGeek Toronto Conference 2019

Tokenized’s James Belding takes the stage at CoinGeek Toronto Conference 2019

James Belding, the CEO of Tokenized, recently made the trek to Toronto for the CoinGeek Toronto Conference 2019. The two-day event was a huge success due to the incredible knowledge that was provided, which resulted in a better than expected turnout. Belding took the stage at one point, discussing Tokenized and what it means to the cryptocurrency ecosystem and his presentation has been made available for everyone to view on YouTube. It’s an excellent look at how the Bitcoin space is transforming and the role Bitcoin SV (BSV) is playing in that transformation.

Tokenized is designed to offer solutions to regular people, businesses, governments, etc. It’s all about adding value in the blockchain, which BSV has already initiated. Ultimately, Tokenized envisions an ecosystem that works from one hub, one app to become the portal to everything. Belding points out that this was never possible before BSV and adds, “Our mission is to use Bitcoin SV and the Tokenized Protocol to make voluntary exchange simpler, faster, and much more affordable.”

Belding emphasizes that it’s important to think ahead as technology becomes more sophisticated. Tokenized is about creating more relationships, more cooperation, bigger networks, more specialization and to make life simpler, thanks to BSV. It is an application layer protocol that utilizes the BSV blockchain to pass and store messages. The protocol focuses on records from different activities—finance, legal, commerce, accounting, etc.—from all types of legal entities and can ultimately replace current standards, such as SWIFT, LEDES, FIX and others (4:57).

A token is a digital record of ownership. Tokenized tokens are assigned by a smart contract to a BSV address in response to a transfer request, and are used to represent property, shares, bonds, tickets and virtually anything that can be issued (5:47). Once the process has been initiated, all subsequent activity is automatically recorded on the blockchain and tied to that initial record.

The smart contracts are able to reduce the amount of complexity of a given transaction, such as those listed above, and ensure adherence to rules. Once the data is stored on the blockchain, it is permanent and immutable, always available to substantiate the transaction and its parts. The smart contracts also have the benefit of being extremely cost-efficient to implement, manage and exchange.

One of the main reasons Tokenized chose to build on the BSV blockchain is because it is the only network that has proven that large blocks are possible, making large amounts of data storage easier. It is also the only network being built to support businesses and allow them to work more efficiently, more accurately and at a reduced cost. The companies that adopt the BSV blockchain can be confident that the network will be able to handle their traffic and that all tokens issued by the smart contract issued on the blockchain comply with the pertinent laws.

Tokenized is building smart contracts that are easier to use and easier to implement. They are also backed by the strength of the BSV developers, who are working toward a singular goal, not fractioned into different groups working on their own agendas. This creates cohesion and common implementations that will help BSV stay strong as other digital currency projects begin to die due to a lack of fundamental business acumen.

Crypto market daily report – June 11, 2019

Crypto market daily report – June 11, 2019

It’s a stable Tuesday morning for the cryptocurrency markets, although the situation could go either way with most coins delicately balanced on a knife’s edge. SegWitCoin BTC was up by around 3% to the $7,900 level having reached the $8,000 mark on Monday; however, it fell back almost immediately although it held its own considerably well at that level. The star performer in the Top 10 was undoubtedly Litecoin (LTC), which rose by 10% to the $128 mark on the back of high turnover and also looked poised to continue gaining.

Bitcoin SV (BSV) began reversing some of its recent losses and was up by 3% to the $188 level looking primed to make an interesting charge for the $200 mark very shortly. Ethereum (ETH) was also up by around 3% to the $243 mark after having reached the $246 level on Monday. Ripple (XRP) was up by a minimal 1% to the $0.39 level, but it was still quite far off from its recent highs in the mid $0.40s.

NEO began paring back some of its recent gains with a 1% decrease to the $12.07 level, whilst Stellar Lumens (XLM) and IOTA posted some small gains, the former a miniscule 0.5% and the latter a more substantial 2% to the $0.42 mark.

Cryptocurrencies with smaller market caps also demonstrated some declines, but with notable exceptions including FET, which was up by 13%, and even more impressively, MITH which rose by an astonishing 29% to the $0.055 level. Cardano (ADA) posted a far more modest 2% increase to the $0.083 level, whilst ONE and ONT posted declines of 2 and 4% respectively. LINK regained some of the recent losses it made and was up by 6% to the $1.16 mark—still this is an almost 40% increase over a week since it launched its mainnet.

Crypto market daily report – June 11, 2019

Crypto market daily report – June 10, 2019

The cryptocurrency markets continued to slide over the weekend after a torrid last few days, and Monday morning was no different with few exceptions in the green. SegWitCoin BTC was down by around 3% and was trading at the $7,660 level, showing signs of weakness and a possible drop within the next few hours. Ethereum (ETH) also dropped by a similar margin after having been trading in the $240-$250 mark for several days—it dropped to around $234 at press time on Monday after having also descended to the $230 level at one point on Sunday.

Bitcoin SV (BSV) fell by a further 5% on Monday at press time, trading at around $182 although that was still a 300% increase from its low of $53 that was reached sometime in April. Litecoin (LTC) held on to its recent gains and showed signs of consolidation at the mid $110-$120 level where it was trading at the $116 mark at press time. Ripple (XRP) continued losing ground and descended by a further 5% on Monday where it traded at just below the $0.39 mark. EOS fell by a further 1% and was trading at just above the $6.20 mark on Monday, whilst Monero (XMR) was down by 1.5% to the $85 mark. Cardano (ADA) was also down by a similar percentage to the $0.081 level, whilst NEO was one of the few coins to show a positive increase where it rose by around 4% to the $12.20 level. Stellar Lumens (XLM) was barely holding on to the $0.12 level on the back of a 2% decrease.

Currencies with smaller market caps continued to have mixed fortunes with ONT perhaps demonstrating the biggest rise with an 11% gain, whilst IOTA was down by around 3% to just over the $0.40 level. Ethereum Classic (ETC) also dropped by around 2% to the $8.15 level, whilst ZEC, DASH and BCHABC remained relatively stable with decreases ranging from 1% to 2%.

Crypto market daily report – June 11, 2019

Crypto market daily report – June 7, 2019

The cryptocurrency markets experienced a slight recovery on Thursday evening and Friday morning, after a fairly negative 48-hour period. SegWitCoin (BTC) climbed up to the $7900 mark after having dropped to the $7500 level on Thursday.

The general consensus is that this is a dead cat bounce, and a further drop is expected over the next few hours if turnover levels are not sustained. Bitcoin SV (BSV) continued outperforming expectations, settling at around the $197 level after having ceded its earlier gains, when it reached a high of $229 at one point during the week.

Other cryptocurrencies with larger market caps also began a slight recovery with Ethereum up by around 1% to the $248 mark having dropped to as low as $237 on Thursday. The real star performer was Litecoin, which was up by no less than 8% to the $113 level on Friday morning at press time. Ripple was also on the recovery trail and traded at around the $0.425 level or a 5% increase. EOS performed a relatively minor recovery and was up by around 1% to the $6.40 mark after having dropped dangerously close to the $6 level on Thursday.

NEO and Stellar were relatively static at the $11.40 and $0.125 mark respectively, whilst IOTA regained some of its previous losses and was trading at the $0.425 level at press time. Cardano also regained some of its previous losses with an increase of around 2% to the $0.083 level.

Digital currencies with smaller market caps also experienced a slight revival with ZIL and LINK continuing their positive trend, the former with a 12% increase whilst the latter was up by 5% to the $1.18 mark.

BCHABC remained relatively stable at just under the $400 mark, after having lost considerably over the past 48 hours when it was down to the low $370’s. ONE gave up some of its recent gains and was down by around 4% to the $0.028 level whilst TRON also lost slightly on the back of a 2% decrease to the $0.0336 level. Binance Coin was down by around 1% to the $31.40 level after having even dipped below the $30 mark on Thursday.