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Aura blockchain

Aura Blockchain Ready to be Unveiled

According to reports, the AURA blockchain—which was first mentioned in March—is ready for unveiling.

AURA is a blockchain-powered platform that allows customers to verify the authenticity of luxury goods.

The team behind its include ConsenSys, LVMH, and Microsoft.

The AURA Blockchain

Owners of luxury brands Louis Vuitton and Christian Dior, LVMH, is key to AURA’s inception. The company is now hoping other luxury competitors will join the blockchain.

ConsenSys is a blockchain software technology company based in Brooklyn, New York. It teamed up with Microsoft to develop the technology that underpins AURA.

Now the group is encouraging other luxury designers to join the consortium saying AURA, is designed to “serve the entire luxury industry with powerful product tracking and tracing services.”

The group’s news release furthered:

“AURA makes it possible for consumers to access the product history and proof of authenticity of luxury goods — from raw materials to the point of sale, all the way to second-hand markets.”

The AURA blockchain works by storing unique information about every product stored on the decentralized ledger. Users can then use a brand’s official app to download a certificate which details the authenticity of the good.

Opera Adds Support for Tron

The AURA blockchain isn’t the only crypto news today.

Internet search engine, Opera, is adding support for Tron’s TRX and TRC-standard tokens in its browser-based crypto wallet.

Once the integration of the TRON blockchain is finished, users of the browser will be able to use those tokens within the browser.

The support from TRON also allows Opera’s 300 million users play Tron games and use its decentralized apps (dApps)—all within the browser.

Tron currently has over 400 dApps built on the Tron blockchain.

Opera launched its native crypto wallet in December of 2018 and already holds support for Ethereum and any ERC-20 standard tokens.

>>Bitcoin Price Jumps Again, Now Above $8K Mark

The web browser said that it has plans to add support for “multiple” blockchains in the coming year.

Do you think the Aura blockchain will help the luxury goods sector? Are you happy for Opera adding Tron support? Let us know your thoughts!

Featured Image: Deposit Photos/nils.ackermann.gmail.com

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Ripple Surges Over 20% | Months of Underperformance Over?

The past few weeks have been disheartening for Ripple (XRP) investors who have been watching as  Bitcoin and other cryptocurrencies continue to surge as XRP continues to experience a spell of sideways trading at $0.30.

Ripple Breaches $0.40 Mark

It seems the disappointed may be over as Ripple has finally managed to break out of the lower trading range by surging over 20% to above $0.40 mark. XRP is currently trading at $0.42, up 30% over the past 24 hours. Ripple has a market capitalization of $4.90 billion.

Before surging today, Ripple has underperformed for quite some time on the crypto market as it remained rooted in an indelible trading range of $0.30 to $0.34 that seemed hard to break away from despite the tailwinds caused by the upward surge of Bitcoin that has dragged other crypto to decent gains.

Despite its lackluster performance over the past few months, yesterday XRP underwent an incredible surge of buying pressure which pushed its price to near year-to-date high in the $0.40 region where it established some resistance level.

Currently, Ripple is proving a  promising altcoin as most altcoins are drifting lower and lower in their price range. Bitcoin seems to be establishing a resistance level of $8,000 gaining more and more distance. Some altcoins have dropped substantially; Litecoin is down 0.8%, and Bitcoin Cash is down 0.70%. Ethereum is up about 6%.

Bullish News Fuelled XRP’s Surge

The recent upward movement of Ripple has been fuelled by an influx of bullish news surrounding the cryptocurrency. One such news story that preceded the surge was the Coinbase announcement that indicated that New York traders could now buy XRP on the Coinbase Exchange platform. Many investors saw this as a bullish sign while some even believed this was a sign of an impending institutional adoption of cryptocurrencies.

It is, however, unclear whether Ripple will manage to maintain the solid foothold in the $0.40 region or the surge will be fleeting and it will back to the $0.30 region.

Featured Image: Depositphotos/  akulamatiau

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Blockchain Phone

HTC’s Blockchain Phone | Native Crypto Wallet Now Available

According to CoinTelegraph, HTC’s blockchain phone, Exodus 1, now allows users to trade cryptocurrency directly from the phone’s native crypto wallet. The Taiwanese technology giant made the announcement early on Tuesday.

Exodus 1 Blockchain Phone – Native Wallet Trading

HTC’s Zion Vault will now allow swaps between various cryptocurrencies. The new feature is the result of a partnership with Kyber Network—a dedicated platform for cross-token trading solutions. HTC has added Kyber’s liquidity protocol and this allows easy swaps.

The swapping pairs include Ethereum-based ERC-20 tokens, including basic attention token (BAT), Kyber network (KNC) and dai (DAI). The platform removes the need to send tokens to intermediaries such as exchanges. Swaps are performed entirely on-chain, according to HTC who added that “fast and secure” crypto trading within mobile apps will enhance the user experience in using crypto.

The phone maker also announced earlier in the week that it has a low-cost version of the Exodus 1 due for release in Q3 2019. This phone called the Exodus 1S will also have the option of running a Bitcoin network full node.

Samsung

HTC is not the only tech giant to release a cryptocurrency phone. Samsung released the Galaxy S10 in February this year. The phone includes storage for private cryptocurrency keys.

Also, Sirin Labs released it’s blockchain phone ‘Finney’ in December of 2018. The Finney was developed off the back of an initial coin offering that raised $157 million in 2018. The phone has its own cold storage wallet built in and is described by Chief Marketing Officer Nimrod May as “a second device in the same housing as the phone.

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To keep a users crypto safe, the Finney has a separate processor and its own LCD screen, in which the user inputs their seed phrase.

What do you think of blockchain phones? Are you a fan and would you trust keeping your crypto on them? Let us know your thoughts!

Featured Image: deposit photos/tsiban

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Facebook Coin

Facebook Coin | Catalyst for Crypto Growth, Says Spencer Bogart

With the introduction of the Facebook Coin, the cryptocurrency world is facing a revolution. Spencer Bogart of Blockchain Capital, in an interview with Bloomberg, shed some light on the media giant’s venture into the cryptocurrency ecosystem.

The Trickle-Down Effect of Facebook Coin

In the interview, Bogart stated that there are several catalysts on the horizon in the cryptocurrency market despite the speculated “bottom” being reached. One good catalyst will be the anticipated Facebook Coin that will change dynamics in the cryptocurrency industry.

The Facebook Coin project will be an incredible project in electronic payments because it operates differently from current cryptocurrencies.

Bogart used the phrase “gateway drug” to assert that the adoption of the Facebook Coin will spur on the cryptocurrency market by adding billions into it. After establishing initial public confidence using the fiat-backed Facebook Coin, users can then diversify into Bitcoin and other virtual currencies. Bogart added that it is likely a given percentage of users will follow this path, which will significantly impact the industry, adoption tricking down to other cryptocurrencies.

>> Facebook Crypto Ad Ban: Platform Loosens Restriction on Crypto Ads

A Cryptocurrency Catalyst?

Besides the adoption success in the long-term, the Facebook Coin project is likely to initiate something that is more significant. The venture has ignited a fire in numerous FinTech and financial institutions across the US. This is evident in what is witnessed in ETrade, TA Ameritrade, and Fidelity’s digital assets wings, which have introduced crypto-centric services both on the retail and institutional front. The Blockchain Capital Partner indicated that the company sprang into action to introduce the service following the launch of the Facebook Coin Project.

The Facebook Coin project will be headquartered in London with another small office in Dublin. The payments project will first target India because of the popularity of WhatsApp in the country.

Featured image: Deposit Photos © ibphoto

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Facebook Crypto Ad Ban

Facebook Crypto Ad Ban | Platform Loosens Restriction on Crypto Ads

According to CNBC, Facebook said on Wednesday that it will loosen its ban on cryptocurrency advertising on its platform. The result will allow businesses related to crypto and blockchain to promote their projects on the social network. The Facebook crypto ad ban first came into effect in January 2018.

Facebook Crypto Ad Ban

The social media giant first started blocking ads on initial coin offerings, saying it had concerns for its users’ welfare. It was afraid that many would fall for scams and fraudulent crypto products.

But earlier this year its stance began to change. In January 2019, it began allowing ads from projects that had received prior written approval.

Was it coincidental that around the same time there were murmurs that Facebook itself was going to venture into the cryptocurrency space with its own coin?

Now, the social media giant has gone another step further, making it so that crypto-related ads will no longer require prior written approval.

In a blog post released yesterday the media giant said:

“We’ve listened to feedback and assessed the policy’s effectiveness […] While we will still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency.”

The company’s initial ban was met with ire from many businesses that felt the new policy was unfair. The restriction on advertising meant several projects lost hundreds of thousands of dollars because their ad campaigns were suddenly banned.

>> Bitcoin Price to Hit $7,200 After Demonstrating Bullish Signs?

It also is a convenient time for Facebook to change its opinion of cryptocurrency advertising as it is reportedly working on its own blockchain project.

According to several sources, the company is building its own stablecoin that will allow WhatsApp users to send cryptocurrency payments to one another. Further, last week it was reported that Facebook has been in talks with financial firms and e-commerce companies to support its project.

Are you happy to see the Facebook crypto ad ban reversed?

Featured Image: DepositPhotos © Kesu01

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