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Flare Network Might Integrate Bitcoin (BTC): Details

The Flare Network was asked about the potential of the Flare (FLR) smart contracts platform, which integrates Bitcoin. This would be a huge chance for BTC.

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Flagship currency, Bitcoin has every chance of becoming an F-asset: all that is required is community approval. The Flare (FLR) team and community offer yet another technique for avoiding “proof of work” consensus in and integrate Bitcoin (BTC).

Bitcoin Might Integrate To Flare Network

A Flare panel member inquired about the potential of the Flare (FLR) smart contracts platform integrating Bitcoin (BTC). According to @BakkupBradley, this integration would be a tremendous opportunity for the king currency.

Flare Networks, the startup behind Flare’s blockchain technologies, reacted and informed the user that this integration is feasible.

As mentioned in the team’s most recent tweet, the inclusion of Bitcoin (BTC) as an F-asset must be authorized by the governance process.

Flare Networks previously held a series of community-driven polls to choose assets for inclusion in Flare.

Following similar referendums, the tokens of memetic Litecoin (LTC) fork Dogecoin (DOGE) and PoS-based Ethereum (ETH) killer Cardano (ADA) were integrated.

Flare Might Benefit From ADA Integration

Flare Networks, including the XRPL utility fork, have already included support for prominent cryptocurrencies like Ripple-affiliated XRP, Bitcoin’s hard fork Litecoin, and LTC’s hard fork DOGE, which Elon Musk adores.

Stellar’s XLM is also on the list.

Following this, the price of Dogecoin increased by a staggering 55%. Early in January, plans to incorporate LTC were disclosed.

It is now contemplating integrating ADA, the third biggest cryptocurrency.

The Flare (FLR) Mainnet WIll Launch Soon

If approved, this proposal will enable Bitcoin (BTC) transactions on Flare (FLR) or XRP Ledger a viable alternative to the Lightning Network, the first-ever mainstream scaling option for Bitcoin (BTC).

Bitcoins (BTC) are transmitted over a network of payment channels on Lightning, significantly reducing the strain on the Bitcoin (BTC) mainnet.

Flare (FLR) is an EVM-compatible Turing-complete smart contract platform that will provide programmatic functionalities to the XRP Ledger.

The project is now undergoing stress tests on the Coston testnet, with the mainnet expected to start in July.

READ  Crypto Transfers Over $10k Soon to be Reported to IRS

#Bitcoin #Dogecoin #Elon Musk #Flare Network #Hard Fork #Litecoin #Ripple (XRP) #Stellar #The Flagship

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Source: https://www.cryptoknowmics.com/news/flare-network-might-integrate-bitcoin-btc-details

Blockchain

Outplay raises USD 7.3 million to make outbound sales scalable

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4X growth in revenue since the seed fundraise with customers spread across 50+ countries

  • Series A funds raised from Sequoia Capital India

San Francisco, 21st July 2021: Multi-channel sales engagement platform, Outplay today announced its $7.3M series A fundraise from Sequoia Capital India. Outplay will use the funds raised to invest in technology and hiring exceptional talent across the globe.

Businesses today rely on a combination of inbound and outbound sales models to drive revenues. While the inbound sales process has rapidly evolved over the last 10 years, outbound sales hasn’t. Outbound sales teams typically use high-volume tactics to drive revenue. But this approach is not scalable and the revenue eventually becomes a function of the size of the outbound sales team. This is because outbound sales teams don’t have a data-driven approach for targeting prospects that are most likely to convert and end up spending time emailing or cold-calling hundreds of prospects hoping to convert a few.

Launched in 2019, Outplay is on a mission to change this by bringing predictability to outbound sales and help every salesperson talk to the right prospect at the right time through the right channel. The platform helps outbound sales teams plan, execute, track, measure and optimize interactions between companies and their prospects across multiple channels like email, phone, SMS, social media as well as live chat.

Laxman Papineni, CEO of Outplay commented, “Outbound sales teams are truly the dark horse of the sales organization – the targets are high, but the methods aren’t scientific. Outplay is committed to making outbound outreach data-driven, so that sales teams are talking only to the warmest prospects at any given point across multiple channels, optimizing time and resources. The continued partnership with Sequoia Capital India is a testament to the fact that the sales engagement space, which is poised to be a $5.59B market by 2023, is a huge opportunity for Outplay.”

With Outplay, sales managers can create data-backed sales playbooks to coach their team members and help them achieve their sales targets. The platform’s combination of automation and personalization helps teams start genuine conversations at scale, enabling them to stay on task by using multiple channels through a single interface to drive more meetings. Sales reps are thus able to build a multi-channel outreach plan for their prospects across email, phone, SMS, LinkedIn, Twitter and chat.

For example, Outplay helps sales teams engage with warm prospects by notifying them when their prospect visits their business website. Enabled by Outplay’s industry-first outbound live-chat feature, Magic Outbound Chat, the rep can initiate live chat and have a contextual conversation with the prospect. Customers have been able to qualify prospects faster and grow their pipeline by 300% using the tool alongside inbound chat.

“We continue to be very excited by Outplay’s mission of making every sales rep perform like the best rep on the team. Outbound sales needs are evolving rapidly and reps now need personalized, automated and contextual tools to drive sales which Outplay is successfully enabling. Sales reps spend an average of four hours per day on Outplay,  demonstrating the effectiveness of the product which has category-leading customer reviews. Additionally, rapid digitization due to COVID has been a significant accelerant for the business and we believe these tailwinds will continue as outbound sales becomes more digital.” Harshjit Sethi, Principal, Sequoia India

Outplay also offers support to ensure software adoption across customer teams is done within days, not weeks or months. Since the seed fundraise – USD 2 Mn from Sequoia Capital India’s Surge early this year, the company has grown 4X in revenue, 3X in team size and has customers from more than 50 countries. Outplay was a part of the Surge 04 cohort.

About Outplay

Outplay is a multi-channel sales engagement platform that ensures outbound sales teams deliver the most powerful message at the perfect time in the buyer journey through the right channel. With features like dynamic sequencing, magic outbound chat and detailed analytics, Outplay gives sales development representatives (SDRs) and business development representatives (BDRs) the right signals so they only work on the warmest prospects across multiple channels like email, phone, SMS, LinkedIn, Twitter and Chat.

Source: Platodata Intelligence

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Blockchain

As Banks Begin to Embrace Blockchain, Cross-Chain Interoperability Will be Vital to Mass Adoption

The post As Banks Begin to Embrace Blockchain, Cross-Chain Interoperability Will be Vital to Mass Adoption appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Back in September 2017, JPMorgan Chase CEO Jamie Dimon ridiculed Bitcoin, calling it a fraud “worse than tulip bulbs.” For the uninitiated, he was referring to the 17th century Dutch tulip market bubble, one of the craziest bubbles in recorded history. Fast forward a few years, JPMorgan and other banking giants have been dipping their …

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Back in September 2017, JPMorgan Chase CEO Jamie Dimon ridiculed Bitcoin, calling it a fraud “worse than tulip bulbs.” For the uninitiated, he was referring to the 17th century Dutch tulip market bubble, one of the craziest bubbles in recorded history.

Fast forward a few years, JPMorgan and other banking giants have been dipping their toes in the blockchain world. Blockchain enables the untrusted parties to securely transact without middlemen that add to the cost and slow down the transaction speed. Thanks to the self-executing smart contracts, it offers a simple and secure way to establish trust in a transaction. 

Can’t afford to get left behind

It’s not just network efficiency or cost savings that attract banks to blockchain. Blockchains can dramatically improve the security of digital transactions and remove the potential for errors, confusion, and fraudulent transactions

Blockchain and the distributed ledger technology (DLT) are disintermediating the key services that banks provide such as payments, clearance & settlement systems, fundraising, borrowing, lending, customer KYC and fraud prevention. They help simplify the movement of money and sensitive data across the globe.

Large banks have now become far less hesitant to experiment with blockchain. According to a Global Blockchain Survey conducted by Deloitte, more than 95% of the participant banks said they would make at least some investment in blockchain or DLT.

Blockchain today is a lot like the Internet of the 1990s. Organizations reluctant to understand and exploit its capabilities will likely be left behind. It is disrupting almost every industry, including banking – just like the Internet disrupted many in the 1990s.

Embracing blockchain

A growing number of banks have joined blockchain consortiums such as the Hyperledger project and R3 to advance the global blockchain adoption. 

Banks joining different consortiums highlights the facts that there is no standardized implementation of blockchain technology.

There are hundreds of public, private, and consortium blockchains deployed around the world. Even if a bank is part of a consortium, it won’t be able to communicate or exchange information with banks outside the consortium. 

Today, blockchains exist in isolation. They might not gain mainstream acceptance until users are able to seamlessly access value and utility across the entire ecosystem. End users cannot be locked into a single blockchain or standard.

Cross-chain bridges would drive the future adoption

Cross-chain platforms provide interoperability between two relatively independent blockchains. They allow the siloed networks to speak to one another and exchange information. 

Given that banks are building their Dapps on different blockchains, they would rely on cross-chain platforms to talk to one another. Projects like Wanchain have been building cross-chain bridges to connect the different networks to help blockchain reach its full potential.

Earlier this year, Wanchain launched the world’s first BTC-ETH direct bridge. It already offers decentralized bridges connecting Bitcoin, Ethereum, Wanchain, EOS, Binance Smart Chain, Litecoin, and XRP Ledger. 

Wanchain’s cross-chain bridges use unified decentralized collateral pools maintained by its Storeman Group. When a user initiates a cross-chain transaction, the Storeman Group locks the original asset on the origin blockchain before minting a new token, pegged 1:1 to the original asset, on the destination chain.

Any blockchain – whether public, private or consortium chain – can easily integrate with Wanchain to establish connections between different ledgers and perform low-cost inter-ledger asset transfers.

Wrapping it up

The number of blockchain projects is growing rapidly as developers keep coming up with innovative ways to leverage blockchain’s capabilities. There are a wide variety of blockchain ecosystems such as Ethereum, Cardano, Polkadot, Solana, and others – each with their own set of advantages. It’s highly unlikely that there will be a single perfect blockchain platform that all the world’s banks could use to build their Dapps. 

Cross-chain interoperability solutions like Wanchain enable the transmission of the world’s digital assets and data between various isolated blockchain networks in real-time. Truly decentralized and open finance must be connected to make banking services fast, secure, and affordable.

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Source: https://coinpedia.org/news/banks-begin-to-embrace-blockchain/

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Blockchain

MATIC Price Back In Action, $15 Target Set For Polygon By EOY!

matic stable

The post MATIC Price Back In Action, $15 Target Set For Polygon By EOY! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The crypto space was flowing through immense negative sentiments in the past couple of weeks where many assets plunge with a massive margin. The constant rejections of Bitcoin prices at $40K initially and later at $35K had shaken the space. Therefore other popular tokens like Litecoin price, XRP price, MATIC price, etc also suffered more …

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The crypto space was flowing through immense negative sentiments in the past couple of weeks where many assets plunge with a massive margin. The constant rejections of Bitcoin prices at $40K initially and later at $35K had shaken the space. Therefore other popular tokens like Litecoin price, XRP price, MATIC price, etc also suffered more than 60% drop from yearly highs. While the other assets follow an unhurried race, Polygon price takes a gigantic long jump.

The MATIC bulls entered the ring right in time and ease the accumulated selling pressure. The price has experienced an extreme drain off in the last trading day, that it was on the verge to mark the lowest levels that the mid-may crash. However, the asset retraced like a giant accumulating more than 30% gains.

maticprice

The price was following a descending channel where-in each attempt to break the channel resulted in lower lows. The extreme sell-off that initiated since the beginning of July compelled the price to break the lower support levels. However, the fresh surge kept the hopes of a notable surge above $1 alive.

As mentioned in the chart, the Polygon price needs to clear the upcoming barriers at $0.85, $0.97 and finally at $1.06. This would confirm the uptrend into a substantial bullish trend which may also push the price above the ATH. With a notable rebound, the targets remain unchanged or can say escalated. A popular analyst, CyrilXBT predicts a $15 target for MATIC price by EOY.

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Source: https://coinpedia.org/latest-post/matic-price-back-in-action-15-target-for-polygon-price/

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Synthetix (SNX) and Bancor (BNT) Technical Analysis: What to Expect?

Synthetix and Bancor prices are down double digits in the last trading month. BNT/USDT is capped below $4, while SNX/USDT will soar if bulls overcome $10.

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Synthetix and Bancor prices are down double digits in the last trading month. BNT/USDT is capped below $4, while SNX/USDT will soar if bulls overcome the middle BB.

Synthetix (SNX)

The Ethereum protocol, Synthetix, allows traders to access a variety of highly liquid derivative assets. SNX is the platform’s governance token.

Past Performance of SNX

The SNX/USDT price is in a downtrend — sellers are clearly in control.

Of note, from the leg up of the last four weeks, SNX prices have recoiled from July highs, dropping to the 78.6 percent Fibonacci retracement level.

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There could be the hope of recovery. However, this largely depends on the reaction of bulls in the lower time frames.

At present, SNX is up four percent versus the USD as buyers benefit from NY session gains.

Day-Ahead and What to Expect

In all, DeFi and crypto markets appear worn out and defeated.

From a top-down view, every pullback offers an unloading opportunity.

Continued support at spot rates may plug the bleeding.

However, it is a convincing high-volume bull bar above $10 unwinding losses of July 19 and 20 that might draw demand.

SNX/USDT Technical Analysis

Synthetix Price Daily Chart for July 21

SNX bulls’ chances are still slim if price action in the daily chart leads.

The short-term bear target is $5.

On the flip side, rejection of lower lows and SNX/USDT floating above the middle BB to $10 may see prices racing back to $14 in continuation of buying pressure of late June.

READ  Polkadot (DOT) and Kusama (KSM) Technical Analysis: What to Expect?

Bancor (BNT)

The Bancor protocol is one of the earliest DeFi swapping dApps. It rides on Ethereum and EOS.IO chains, using BNT as an incentivizing and governance token.

Past Performance of BNT

BNT bulls are overwhelmed by sellers, reading from price action in the daily chart.

At the time of writing, BNT is up five percent.

Still, prices are within a bear breakout pattern, evident in the daily chart.

Notably, after impressive gains in the better part of Q1 2021, BNT has given out gains, dropping by over 70 percent from H1 2021 peaks.

Day-Ahead and What to Expect

Admittedly, sellers are in control. BNT/USDT prices are inside a descending channel, capped to the upside by the main resistance line—the middle BB.

Technically, it would require a high-volume, wide-ranging bull bar racing above the liquidation line and $4 to signal a trend reversal.

READ  CipherTrace Files Patent For Tracing Monero Transactions

BNT/USDT Technical Analysis

Bancor Price Daily Chart for July 21

Despite early gains, the selling momentum is strong; BNT/USDT bars are aligning along the lower BB as the two bands diverge, suggesting volatility.

Unless otherwise there are series of higher highs countering the primary selling trend accompanied by a significant uptick in trading volumes, confirming today’s gains, BNT sellers may search entries on pullbacks targeting $2.5—the 78.6 percent Fibonacci retracement level of the H1 2021 trade range.

#Bancor prices #BNT/USDT #DeFi #SNX/USDT #Synthetix prices

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Source: https://www.cryptoknowmics.com/news/synthetix-snx-and-bancor-bnt-technical-analysis-what-to-expect

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