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OWNR: The wallet of the Digital Age

As the technological landscape is taking shape, a diverse range of opportunities is unfolding for consumers. Albeit there were some prominent “nay-sayers” and skepticism initially, but the adoption of cryptocurrency has proliferated since its inception, presenting opportunities as a useful medium of exchange for companies and consumers. While the use of commercial paper money is…

The post OWNR: The wallet of the Digital Age appeared first on Cryptoverze.

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As the technological landscape is taking shape, a diverse range of opportunities is unfolding for consumers. Albeit there were some prominent “nay-sayers” and skepticism initially, but the adoption of cryptocurrency has proliferated since its inception, presenting opportunities as a useful medium of exchange for companies and consumers. While the use of commercial paper money is here to stay, the future of crypto wallets is drawing near as digital payments are growing more than ever. In light of this, the emergence of cryptowallet in housing cryptocurrency has a great deal of potential to radically change the way we make payments. Cryptowallets is a digital secure wallet that houses and stores all blockchain assets. Essentially, it is a software program that allows consumers to receive or monitor cryptocurrency. While the concept of this may be new to some people, the digital exchange of currency cryptowallets is seamless and convenient for people, especially if they are new to digital currency. As such, the OWNR Wallet is an application that allows you to house and store all your blockchain assets. To this end, the OWNR WALLET OÜ has made big strides on this platform with the development of the OWNR Wallet. The OWNR Wallet was designed and created in 2018 by cryptocurrency advocates digital payments, due to its greater convenience. OWNR Wallet is a multifunctional, safe crypto wallet designed to streamline consumers’ cryptocurrency experience. With the use of this app, all your transactional needs from buying to selling, to storing and exchanging crypto, are met in one single app.

Recently in December, OWNR has been making strides as users of their interface will be able to obtain a prepared Visa card. This new feature will enable the ease of transactions to be made at the convenience of its users giving them the option to make purchases offline when they don’t have access to the internet. Moreover, this opens up other avenues of accessing money as it allows the withdrawal of euros from ATM machines worldwide. The technical aspects of this technology are straightforward. With the use of the OWNR Wallet, the Visa card is paired and linked to the application, providing real time information and round-the-clock access to your assets. At the comfort of your home, users can replenish the visa card almost instantaneously. Strikingly, the advantageous feature of this application lies in its ability to be utilised alongside ApplePay, the dominant digital wallet service for iPhone users. The process of applying for this card is quick and simple as it only takes a matter of minutes. After filling out a short questionnaire you will be prompted to take a short video of yourself for verification purposes. Once the verification is completed, the card will be delivered to your doorstep (or any location of your preference) for free. OWNR goes above and beyond its shores in delivering this card to almost all countries globally, at a price point of 40 euros for the card and a service fee of only 1 euro a month.

Besides this, there are also other fruitful benefits to ascribing to this application. Aside from the salient feature stated above, the OWNR has undergone a major revamp and has launched its own built-in crypto-to-crypto exchange. Prior to this, the assets available to users were limited as Changenow.io served as its playground for cryptocurrency exchange. But after its update, OWNR has shifted away from this Changenow.io model and is using their own in-house crypto-to-crypto exchange software that was built ground up from their developers. By following this trajectory, it opens up more cryptocurrency assets to be availed to its users such as BTC, USDT, DASH, ZEC, LTC and so on. This new update is available in both desktop and mobile apps.

Lastly, it has been an exceptionally volatile year due to the unprecedented uncertainty created by the ongoing corona pandemic. As such, December saw a major decrease in the purchasing fee of cryptocurrency. To be specific, the rates are now as low as 4%+3 USD for any countries that OWNR offers its services to. This is much cheaper than the purchasing fee from before, which stood at 7%+10 USD. To add to this, Bitfinex customers using OWNR Wallet to purchase crypto with a credit or debit card, enjoy a further reduced rate from 5% to 3%. As the effects of the pandemic are slowly resetting the payment ecosystem, the cashless revolution is paving the way for OWNR Wallet. In light of this situation, it would be propitious for consumers to use OWNR’s cryptowallet as we slowly move towards a cashless society with the frictionless exchange.

Source: https://cryptoverze.com/ownr-the-wallet-of-the-digital-age/

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Did Power Outage and Bitcoin Hash Crash Cause Markets to Bleed?

Bitcoin prices hemorrhaged over the weekend pulling down the entire crypto asset market as usual but the cause may have been related to a sharp slump in hash rates.

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Bitcoin dumped 12.5% in a matter of hours over the weekend sliding from $61,450 in late trading on Saturday to bottom out at $53,750 the following day according to Tradingview.

Monday morning Asian trading has seen the asset recover somewhat but analysts are looking at what may have caused the cascade that resulted in $10 billion in liquidations.

Some have suggested that rumors regarding the U.S. Treasury Department charging several financial organizations for laundering money with cryptocurrencies may have caused the crash. Others have looked on-chain to seek answers there and it appears that hash rates also plunged before the markets did.

Power Related Bitcoin Hash Crash

Analyst and chart guru Willy Woo noted that the single largest one-day drop in mining hash rate since November 2017 occurred on April 17. He added that the hash rate on the network essentially halved, causing mayhem in BTC price as it crashed.

The plunge was also recorded by Bitinfocharts which observed a fall from an almost peak average hash rate of 157.58 EH/s to 105.43 EH/s – its lowest level since December 2020.


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Woo attributed the hash crash to a power outage in Xinjiang province, one of the dominant areas for Bitcoin mining operations. He added that this was known before the BTC price crash on the 18th, citing local news on the 15th.

He stated that 9,000 BTC was sent into Binance on April 16 in light of this news, adding:

“I’d note that Binance serves volume from Asia more than the West. It’s likely this was sent in from a whale with closer knowledge to happenings in China.”

Woo added that the selling pressure of these two events combined was enough to tip the price below liquidation levels around $59K which triggered a cascade of automatic sell-offs as stop losses were hit.

Strong holders bought into that dip which has since recovered around $4,000 since the bottom on Sunday.

Monday Morning Market Recovery

At the time of press, Bitcoin had recovered to $57,500 during Asian trading but a slight pullback saw the asset change hands at a little under $57,000 a few hours later.

Fundamentally, markets are still very strong and this minor on-chain blip wasn’t enough to rouse the bears. Over $10 billion has been added back into total market capitalization since the dip pushing it back over $2 trillion.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/did-power-outage-and-bitcoin-hash-crash-cause-markets-to-bleed/

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China Studies Bitcoin as an Alternative Investment, Central Bank Deputy Governor Says

China says it’s looking into Bitcoin as an alternative investment. However, the country will maintain its current practices for now.

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China is a country well-known for its support toward the ‘blockchain not bitcoin’ narrative. The country attempted to clamp down on cryptocurrencies more than once, but it appears that it’s now softening its stance, even taking a somewhat positive approach towards Bitcoin.

Bitcoin as an Alternative Investment Tool

Speaking at the Boao Forum for Asia on April 18th, the former central bank governor of China, Zhou Xiaochuan, and the current central bank deputy governor Li Bo opined on the matter of Bitcoin and cryptocurrencies.

We believe that crypto assets should play a major role in the future, either as an investment tool or as an alternative investment. Many countries, including China, are also studying it as an investment tool.”

Adding to the matter, Zhou Xiaochuan said that people don’t necessarily need to know whether the technology behind digital currencies is centralized or decentralized because “ordinary people don’t necessarily understand what the system behind it is like.” He also ascertained that whatever the case may be, digital currencies must not be used for illicit activities such as money laundering, tax evasion, drug or weapon trafficking, or gambling.

Furthermore, Li Bo said that bitcoin, as well as stablecoins, are “encrypted assets” and that they are an investment option but not a currency.

If it is used as an investment tool, many countries, including China, are also studying what kind of regulatory environment should there be for such an investment method. Although this regulatory  rule is the minimum regulatory rule, there are still regultory rules.”

The high-ranked official doubled down on the importance of legislation which ensures that “speculation in such assets will not cause serious financial risks.” Ultimately, despite the hints of a more positive approach towards bitcoin and other cryptocurrencies, Bo said they would continue to maintain the current measures and practices.


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Positive Market Reaction

Yesterday we saw a serious market-wide crash throughout all cryptocurrencies. As CryptoPotato reported, bitcoin dipped below $52,000, Ether went below $2,000, and so forth, resulting in more than $10 billion worth of liquidations across the board.

Today, however, things are looking brighter. The majority of cryptocurrencies are on the path of recovery, with BTC testing $58K already.

ETH is trading at around $2,250, BNB reclaimed $500, while other large- and mid-cap altcoins also chart substantial increases.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/china-studies-bitcoin-as-an-alternative-investment-central-bank-deputy-governor-says/

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