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GROESTLCOIN (GRS) ENABLED ON SATOWALLET TO BE USED ON SATOPAY

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Satowallet and Groestlcoin

In a recently published article on its official medium blog, Satowallet mentions that it has successfully wrapped up the listing of Groestlcoin – a Blockchain asset on its global fiat system.

Groestlcoin is a secured blockchain asset which offers almost Zero fees during transactions. The team behind the project does well to make available major updates in 3-month intervals. this has contributed to keeping the coin and project among the top 200 on Coinmarketcap. Interestingly, the coins hold some form of history as the first to activate SEGWIT (SegWit, is the name used for an implemented soft fork change in the transaction format of the cryptocurrency bitcoin). READ MORE. According to Coinmarketcap, the project has $25M USD trading volume and a Market Cap of $35M USD with a total supply of 105,000,000 GRS.

Expressing excitement on the partnership, Satowallet reveals that the coin is set to trade against various crypto pairs; BTC, ETH, DOGE, SATOS and some fiat settlements; USD. NGN, GBP, and EURO for instant swift buy and sell on the global scene. More so, the use of Visa Debit Card to initiate Crypto/fiat withdrawal will soon be possible.

Satowwallet exchange is an all-in-one crypto exchange, with a widespread of users in over 140 countries and a range of services from; in-app trading, storage, investment, fiat settlement, staking, swapping and Blockchain Asset Security. The Nigerian based wallet has indeed changed the narrative of indigenously grown blockchain startups in the global scene.

Some of the recent features the project plans to launch are;

Satowallet Debit Card– creating a much easier and crypto friendly environment for her users worldwide with the use of SATOPAY (the planned Visa Debit Card for the Exchange). this means anywhere Visa cards are available, the exchange’s fiat withdrawal system will work.

Shop globally with SATOPAY– With the use of Groestlcoin Wallet and Satowallet Exchange App, you can easily fund your SATOPAY Card and shop from card enabled stores.

For more updates and recent features on the SATOPAY Card, visit the Satowallet Medium Blog

In the Press release, the 29th March 2019, saw the launch and availability of the coin on the Satowallet mobile and PC apps. The user can buy instantly with USD, NGN, GBP, and EURO and also with Cryptocurrency.

” Buying and Selling take only 5 seconds and the funds will be available in your wallet through Jiff Trading. The debit card will also be made available upon users request when released in a short while through our banking partners.”  –Team Satowallet

 

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Cardano to Release Version 1.6 of Its Software Product In A Few Days – Charles Hoskinson

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Image: themerkle.com

 

We are shipping the version 1.6 update over the next few days tweeted CEO of Cardano Charles Hoskinson. In the tweet, Charles also requested for some “screenshots” of the new Daedalus and users’ comments on the product whether they like it or not.

Praising the team Cardano team, the Charles Hoskinson said lot of work went into this release and he is extremely proud of the team.

Daedalus is an extensive open source cryptocurrency and highly secure wallet for the Ada cryptocurrency.
It is built with web technologies and features unlimited accounting with advanced security.

Charles formerly was worked in Ethereum as a Co-founder is moved to Cardano where he is building ground breaking innovations using blockchain technology.

Cardano according to the IOHK website is a blockchian platform with more advanced features that any protocol yet developed, and the first to evolve out of a scientific philosophy.

Launched in 2017, Cardano is a product of IOHK created using the Haskell code, a technology firm committed to using peer-to-peer innovations to provide financial services to billions of unbanked individuals all over the world.

It prides itself as a decentralized company that loves innovative teams forming and executing ideas that cause “cascading disruption“.

 

Cardano’s protocol is designed towards protecting privacy rights of users, while also taking into account the needs of regulators. It is the a blockchain platform with more advanced features than any protocol yet developed by a large team of experts engineers and researchers from various field.

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Ripple Hit With Law Suit From Aggrieved Investor For Selling Unregistered Securities

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A class action suit has been amended by an investor in XRP of Ripple. In the suit, Bradley Sostack an investor in XRP alleged that Ripple misled investors and raised money from them by selling XRP token, an unregistered security. A clear violation of Federal laws.

The filing was made on the 5th of August, 2019 and in a Coindesk’s report dated August 13th, the initial class action law suit was filed in 2017 and with this amendment, Ripple has until mid of September to make a response to this action.

 

Citing a SEC’s newly released “Framework for Investment Contract Analysis of Digital Assets, the plaintiff is seeking to defined XRP as an unlawful unregistered assets under the framework.

The SEC Framework makes clear that ‘[w]hether a particular digital asset at the time of its offer or sale satisfies the Howey test depends on the specific facts and circumstances.’ The specific facts and circumstances relating to XRP support the conclusion that XRP is a security under the Howey test.”

 

The contention of Ripple as a security or not has been an ongoing debate amongst individuals in the industry. Some see XRP as a centralized digital asset which should not be touched since the founders hold huge percentage of the total while others do not share this opinion.

 

Since the XRP Token is at current not mandatory to utilize any of Ripple’s products, this has raised concerns on the use cases of the token. Since it cannot be used in any of Ripple’s products, it begs the question of what really is XRP.

 

Ripple is a US based technology company founded by Chris Larsen in 2012. It is currently led by Brad Garlinghouse. It provides frictionless experience to send money globally using the power of blockchain. According to the company, by joining its growing, global network (RippleNet), financial institutions can process their customers’ payment anywhere in the world instantly, reliably and cost effectively.

 

Ripple is expected to respond to the class action not later than September.

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CertiK Announces The Completion of Binance British Pound Backed Stablecoin BGBP Official Audit

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In a post on micro-blogging site, CertiK announced the completion of audit on Binance British Pound backed Stablecoin, the BGBP.

Binance had some weeks ago through its CFO, Wei Zhou in an interview with Bloomberg hinted of the top exchange’s plans to issue own stablecoins. According to the Binance rep, the token will be called Binance GBP and will be fully backed by reserves of the British Pounds. He further continued that more fiat currency pegged stablecoins will also be launched on the Binance Chain.

The Binance British backed stablecoin was verified by CertiK. According to a blog post by CertiK, the auditors utilized their Formal Verification Technology and were able to identify undetected vulnerabilities in the stablecoin providing a more thorough security sweep and offering suggestions.

 

 

Commenting on the Audit and why the exchange sorted the services of CertiK, CZ, CEO of Binance said “CertiK’s Formal Verification bypasses the limits of manual detection, offering one of the most thorough audits in the industry”.

According to CertiK, the audit was done to ensure the source code of BGBP’s smart contracts were free from issues and vulnerabilities. By utilizing its Formal Verification Platform, Static Analysis and Manual Review, the team at CertiK applied a comprehensive examination during which they ensured that the codebase meets best practice and industry standards, that contract logic meets specifications etc.

The results of the audit carried out on the Binance GBP code showed that best practices was followed, the contract is not vulnerable to known securities challenges and that the BGBP is “a more secure, safe, and protected asset”.

CertiK is a blockchain and smart contract verification platform founded by experts from Yale and Columbia University. Incubated by Binance Labs, CertiK has been able to secure strategic partnerships with world’s leading exchanges such as OKEx, Binance etc and has been able to carry out audit on projects such as the LEO, TUSD etc.

The BGBP is a dual issue token, created on both the Ethereum (ERC-20) and Binance (BEP2) Chains. The Binance GBP is currently trading on the Binance.com and Binance.je exchanges.

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Stablecoin Tether Launches Support for Tether (USDT) on the Liquid Network

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Tether on Liquid Network

Stablecoin Tether has now been launched on the Blockstream’s Liquid Network. The announcement was made via a blog on the stablecoin’s official website. Tether communicated the intention to launch on the Liquid Network was initiated by the desire and quest towards “improved blockchain interoperability”.

The Liquid Network is a blockchain for exchanges, brokers, and market makers that enables fast, private Bitcoin transactions with other members of the network. It is designed to allow the movement and issuance of digital assets.

The launch of Tether on the Liquid Blockchain according to CSO at Blockstream Samson Mow, is a major milestone in increasing the utility of the Liquid Network. He also emphasized the benefits such as OTC atomic swaps, super-fast arbitrage between exchanges etc

Speaking on behalf of Tether, CTO, Paolo Ardoino said

“It has been a natural decision to deploy Tether on the Liquid Network given the fantastic work that the Blockstream team is achieving. Issuing stablecoins and various other digital assets under one blockchain platform makes a lot of sense and greatly improves industry efficiency whilst allowing traders to manage all their assets from a single wallet application.

Launched in 2014, Tether has surprisingly withstood several scandals. By its affiliation with Bitfinex, the largest stablecoin with about $4billion market capitalization has met some serious allegations however, it has continue to rage on and has been able to launch on some blockchain networks in time past, for example the Tron Blockchain.

The Liquid Network is one of its several achievements in the year 2019. The launch of Tether on the Liquid Network will open opportunities for new possibilities according to the blockstream website. Some of these possibilities includes enhanced securities trading, instant, low cost stablecoin payments using Lightning support for L-BTC when launched. Arbitrage traders will also be able to take advantage of Liquid’s 1-minute block times to rapidly complete inter-exchange transfer of fiats.

Liquid USDt is currently open for deposit and withdrawal on the Bitfinex exchange with other exchanges working on enabling it such as OKEx, OKCoin etc.

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