Connect with us

Press Releases

Abra Simplifies Cryptocurrency Investing With New Crypto Index Accessible To Everyone, Everywhere

Published

on

Bitwise 10 Crypto Index Token

SAN FRANCISCOOct. 3, 2018 /PR Newswire/ — Abra, the first and only all-in-one cryptocurrency wallet and exchange, today announced the ability for anyone, anywhere to invest in BIT10, a new token that tracks the professionally-managed Bitwise 10 Large-Cap Crypto Index through a partnership with San Francisco-based Bitwise Asset Management, the leading provider of cryptocurrency indexes.

The Bitwise 10 Crypto Index Token (BIT10), listed exclusively on Abra, gives investors a simple way to get exposure to a set of the 10 largest assets that currently make up 80% of the cryptocurrency market. This set is screened according to Bitwise’s rigorous and transparent index methodology, which ensures assets meet liquidity, security, and robustness requirements. Each month, the set of 10 coins is rebalanced by Bitwise, adding and removing coins to adjust to the constantly changing market.

Starting today, anyone around the world can invest in the new BIT10 token through the Abra app. There’s a low $5 minimum, no restrictions on when you can buy or sell, and no fees on transactions. The BIT10 gives retail investors a simple way to benefit from the diversification and rebalancing of index investing.

“We created the BIT10 token to allow greater access to cryptocurrency investing by making the experience simple and accessible,” said Bill Barhydt, Abra Founder and CEO. “Through partnerships like this one with Bitwise, Abra has created an unprecedented opportunity for the everyday person to start investing in crypto.”

“Index investing is extremely popular in stocks, bonds, and crypto because it gives investors diversified exposure without having to constantly monitor news and try to predict which assets will be most valuable,” said Bitwise CEO Hunter Horsley. “So far in the crypto space, index investing has only been available to institutions and accredited investors. We’re thrilled for that to be changing today with the BIT10 on Abra, which is available to anyone.”

How BIT10 Token Works

BIT10 is only accessible through the Abra app. The cost of each BIT10 token reflects the value of the 10 coins in the index. Like other cryptocurrencies, BIT10 can be purchased in fractional amounts, so investors can decide which amount works best for them and enjoy low minimum buy-ins ($5).

The price of each BIT10 token is based on a real-time price feed of the Bitwise 10 Large-Cap Crypto Index provided by Bitwise. The methodology of the index is publicly available to read and is actively maintained by Bitwise. The composition of the assets in the index, and subsequently the exposure of the BIT10, is rebalanced on a monthly basis in accordance with the methodology’s rules which include a variety of requirements related to liquidity, security, and trading volume. The composition of BIT10 will be published on Abra and will reflect the monthly rebalancing update of the index by Bitwise.

AbraUsing Abra’s successful stablecoin model on the backend,  BIT10 positions are held in multi-signature smart contracts on the Bitcoin or Litecoin blockchain. Once invested, Abra and the user are entering into a smart contract that effectively pegs the asset invested  (either fiat currency or cryptocurrency) to the same amount of BIT10 tokens. Abra will get a real-time price feed from Bitwise Asset Management (again according to their published methodology) and the BIT10 investor will see the market up or down reflected in the price of their BIT10 tokens.

This method of using smart contracts to peg asset values to one another is a proven technology that is what currently powers the backend of the Abra app. Now, instead of trading fiat currency for cryptocurrency or for other synthetic currencies, BIT10 investors can use the same technology to easily invest in larger portions of the crypto market, all through one crypto asset.

Another big advantage to Abra’s technology is that it is all based on a non-custodial wallet, which cuts out the need for third parties and gives the user more control.

How to Invest in BIT10

Getting started with Abra is easy. Simply download the app from the Google Play or Apple Store and set up an Abra wallet. From there, users can fund the wallet via bank transfer, credit card or other crypto assets to get started. Once funds have been added, start investing in BIT10 or any of Abra’s 28 supported cryptos.

Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

Press Releases

Ripa – A Secure Cryptocurrency Trading Ally

Published

on

Ripa
Images by Ripa Exchange

Ripa is a crypto asset marketplace developed on ARK-blockchain technology with an aim to facilitate easy entry into cryptocurrency exchange landscape. It is basically a hybrid-decentralised exchange with a strong focus on lowering the cost involved in opening a new exchange and furnishing crypto-traders with a safe and secure trading ecosystem.

Features of Ripa

Following are some important features of Ripa:

  • Open Source

It is a personalised cryptocurrency exchange solution architecture that allows easy connection to KYC/AML, authentication, ETL/reporting, etc.

  • Transparent and Configurable

Being an open source technology enables Ripa to be more secure, transparent, flexible and highly configurable.

  • KYC Verification

Peatio’s KYC system efficiently submits and exchanges KYC data that is necessary to comply with banking supervisory standards and Customer Due Diligence (CDD) requirements.

  • Multilingual 

The platform supports a myriad of languages, thereby enhancing its usability for users across the globe.

  • Multiple Accounts

Ripa allows users to create multiple accounts, thereby making it easier for them to trade in multiple currencies.

  • Proof of Solvency

Peatio’s Proof of Solvency (PoS) enables users to authenticate solvency of the Peatio-based cryptocurrency exchange without impacting their privacy.

  • Strong User Interface

Ripa has a straightforward and user-friendly registration and login interface which ensures easy usability. Moreover, it also offers personalised deposit and withdrawal methods to its users.

The Dedicated Ripa Blockchain

Ripa Exchange will have its dedicated blockchain denoted as Ripa Blockchain, and will operate on the DPOS protocol. It will be serving five primary purposes:

  • List new cryptocurrencies on Ripa Exchanges
  • Promote new projects on the platform
  • Purchase of RipaEx gadget on the RipaEx store
  • Payment of transactions on authorised reseller platforms with RipaEx POS
  • Share liquidity between Ripa Exchanges within the same network

Delegated Proof of Stake Technology

Ripa Blockchain has integrated a delegated Proof of Stake Technology (PoS) consensus system. This algorithm was fundamentally designed to eliminate the challenges associated with Proof of Work (PoW) including centralisation of computing power and the high wastage of energy.

Ripa Liquidity Service Provider (RLSP)

Ripa Exchange

By incorporating SmartBridge technology, RipaEX aims to build a mechanism to offer liquidity among all exchanges on the network. The platform enables this by writing the single exchange orderbook in the Ripa Blockchain and by implementing order matching between all exchanges on the network.

Token Distribution

The platform aims to offer 115,000,000 XPX tokens and distribute these tokens in the following manner:

  • 65% – PreSale and RIPA TEC
  • 15% – RIPA founders team
  • 6% – Marketing
  • 5% – Bounties
  • 5% – RCF
  • 4% – Ark.io SCIC

The fund collected from the token distribution will be allocated in the following way:

  • 60% – Project Development
  • 20% – Marketing
  • 20% – Legal Support

Ripa – A User-Friendly Approach to the Crypto Domain

Creating a new exchange while advantageous, can be a complicated and expensive ordeal. Ripa is an hybrid-decentralised exchange that aims to make a foray in the crypto exchange world, easier and affordable for users across the globe. Moreover, by leveraging blockchain technology, Ripa has ensured that investors have a secure, profitable, and efficient cryptocurrency trading experience. 

Remember to connect to us…

Website: www.ripaex.io
Telegram: t.me/ripaex
BitcointalkANN: bitcointalk.org/index.php?topic=3759172
Whitepaper: github.com/RipaEx/whitepaper/raw/master/eng/RipaEx_WP_EN.pdf
Facebook: www.facebook.com/ripaex
Twitter: twitter.com/ripaex
Gitter: gitter.im/RipaEx/RipaEx
GitHub: github.com/RipaEx/
Blog: steemit.com/ripaex

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Continue Reading

Press Releases

Bitcoin Nonprofit BitGive Launches GiveTrack 1.0

Published

on

BitGive Launches GiveTrack

Santiago, Chile — December 5, 2018 — BitGive, the first Bitcoin 501(c)(3) nonprofit, has announced the launch of GiveTrack 1.0, the latest version of the flagship Bitcoin donation platform designed to enhance transparency in the donation process and empower donors to give more through direct, evidence-based reporting. Launched at the Latin American Bitcoin and Blockchain Conference in Santiago, Chile, GiveTrack 1.0 offers numerous technical upgrades from the beta product, including a brand new technology stack and easy onboarding for donors and nonprofits. In tandem with the launch, BitGive is announcing a Global Bitcoin Fundraiser in support of the four new nonprofits available on the GiveTrack platform.

The participating nonprofits include:

  • Code to Inspire — Code to Inspire (CTI) is the first coding academy for girls in Herat, Afghanistan. CTI has given more than 150 female students the skills and confidence to code, build apps, and generate work opportunities for themselves. Code to Inspire is fundraising to provide their 2019 class of students with updated computers, faster and more modern equipment, as well as upgrading the Internet connection and speed to maximize productivity and enhance the learning process.

  • Desafio Levantemos Chile — Desafio Levantemos Chile funds projects throughout Chile through microfinance, in which beneficiaries are empowered to play a lead role in managing and sustaining their own solutions. Desafio plans to provide more than 390 low-income children with sports equipment, providing an alternative sporting outlet so they will have a higher likelihood of staying away from crime and drugs and will also have a greater chance of being successful.

  • America Solidaria — America Solidaria works directly on social projects with the poorest and most underprivileged communities in the Americas, dedicated to improving quality of life.  Specifically, America Solidaria is raising funds to develop leadership skills among youth between ages 10-24 to become agents of social change and rebels with a cause (Concausa) that address the Sustainable Development Goals 2030.

  • Run for Water — Run for Water addresses the clean water crisis in Africa by providing access to clean water in local communities of Ethiopia.  The nonprofit is raising funds to bring the community of Waraba, Ethiopia, an underground fresh water spring for clean water. The local community of 2,175 people currently uses the local river as a source of water for both humans and animals, causing serious water borne illnesses, particularly in children.

Connie Gallippi, Founder and Executive Director of BitGive, said: “One of BitGive’s core missions has always been to leverage the potential of Bitcoin and blockchain technology for more than just simple transactions and to build products that can actually make a real difference. With GiveTrack 1.0, we’re providing a legitimate use case for the technology — utilizing the unique benefits of Bitcoin and blockchain, such as speed, transparency and security, to revolutionize the donation process. We’re hoping that the launch of GiveTrack 1.0 and the initiation of our Global Bitcoin Fundraiser will empower the global Bitcoin community to unite and give back to worthy causes this holiday season.”

As part of the campaign’s goal to encourage corporate donors to give $5K or 1 bitcoin (#Give1BTC) this holiday season, RSK, the creator of the first Bitcoin smart contract, has announced it will kickstart the campaign with a generous donation in the amount of $5,000. In addition, Bloq, a leading blockchain innovation company, has also announced a $5,000 campaign donation. These donations will be spread evenly across all of the participating nonprofits, and will help jumpstart each on meeting their fundraising goals.

Diego Gutierrez-Zaldivar, RSK/RIF Labs CEO, said: “We believe in BitGive’s value proposition to put Bitcoin and blockchain technologies to the service of charitable initiatives. Making the donation process easier, and more importantly transparent, is a great contribution to making the world better; and we are very excited that they have chosen the RSK Smart Contract Network to build this innovative technology.”

GiveTrack offers unprecedented transparency in the donation process, giving donors the ability to trace transactions on a public platform in real time. Donors can see exactly how their funds are spent and ensure they reach their final destination. In addition to an entirely new framework, GiveTrack 1.0 offers multi-signature bitcoin wallet security and smart contracts that leverage RSK technology. GiveTrack also provides donors with direct evidence-based reporting for their donations through milestones.

Peg Peters, Executive Director at Run for Water, said: “We are very honored to be working with Connie and the entire team at BitGive. We’re delighted to expand to a global and digital network that is excited to use technology and innovation as a force for social impact. We’re proud to be a member of this new launch for GiveTrack and are looking forward to being part of this revolution for philanthropy!”

Fereshteh Forough, Founder and CEO of Code to Inspire, added: “We look forward to working with BitGive, as we see Bitcoin and blockchain technologies having a bright future in philanthropy. By utilizing the GiveTrack platform, we’re able to target a network of charitable donors in the cryptocurrency space, which will give us greater opportunity to achieve our broader goals.”

GiveTrack 1.0 will go live today and is available for donations at https://www.givetrack.org/.

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Continue Reading

Press Releases

Anti-Media Strikes Back Against Censorship With LBRY Blockchain Technology For Publishing

Published

on

Anti-Media

(ANTIMEDIA) Chula Vista, CA — For those who have been following Anti-Media’s journey, the recent news of our censorship should come as no surprise. Following the 2016 election, we were falsely labeled Russian stooges by an anonymous group of supposed propaganda-spotters for not spreading pro-U.S. talking points, and these unsubstantiated claims were given credibility and widely circulated by Western corporate media. While these bogus claims were later walked back, Anti-Media remains on that McCarthyist blacklist to this day. To be clear, we were falsely accused of publishing fake or false news — but in reality, we were targeted for uncovering corruption and lies we’re apparently not supposed to.

Following this smear campaign, we saw our organic reach across social media drop dramatically, which put Anti-Media’s normal business operations in financial jeopardy. We’ve been adapting by building our presence on alternative social media sites, rebuilding theantimedia.com’s front page as an interactive “Homepage for Independent Media,” and setting up a daily newsletter. Anti-Media survived the algorithmic silencing campaign, and we even began to see our traffic climb over recent months. Then Facebook and Twitter decided to officially purge (see: censor) us from their platforms on the morning of October 11th, along with 800 other political pages and profiles. Anti-Media’s two million+ followers can no longer view our posts or content, and Anti-Media administrators can’t access the content we created and published on Facebook over the last six years.

Anti-Media Strikes Back

AntiMediaFortunately, before the October 11th purge, Anti-Media partnered with LBRY, a blockchain-based digital content marketplace. In August, we began working with LBRY to build a decentralized content delivery system for our website and an uncensorable hub to store all of our content from across our various social media platforms. As of today, all the content published on theantimedia.com will automatically be pressed onto the LBRY blockchain and hosted on our decentralized LBRY channel, which can be found on the LBRY app at lbry://@AntiMedia. Now our fans will be able to find all of our content — no matter which social media platform we post it on — and all of the articles published on our website in one place. With the help of LBRY and the LBRYPress WordPress plugin we’ve helped develop, Anti-Media’s content is now unstoppable. All of the video and image content we create can also be found on the web at our custom LBRY-powered spee.ch site lbry.theantimedia.com.

Nick Bernabe, founder of Anti-Media, commented on the new technology:

“These new tools from LBRY will insulate Anti-Media from the corporate censorship we’ve recently been dealing with from Facebook and Twitter. Now our fans can find all of our content on lbry.theantimedia.com, a decentralized hub for our publishing, and our team will never lose access to our work again. We are proud to be one of the first news websites to embrace blockchain technology in our publishing process.”

According to Paul Kirby, the developer behind the LBRYPress WordPress plugin:

Any publisher can now start getting their name out there on the LBRY Network, which, in my opinion, is what the future of publishing and content consumption looks like. It’s also a great way to create permanent copies of all your content and media and put them onto a decentralized network. The beauty of the LBRYPress plugin is that it doesn’t impede your current setup in any way. It is a plug and play system that steps out of the way of any CDN, caching, or other setup you may have and lets you focus on writing and creating content in one place.”

LBRY CEO Jeremy Kauffman said in a statement:

“This is a powerful technical achievement for independent media outlets. Instead of relying on Silicon Valley to keep their data available, journalists and outlets can safely store everything they’ve created on the decentralized, peer-to-peer LBRY network.”

LBRYPress is an open source WordPress plugin that will be available to any publisher who wants to integrate blockchain technology and the decentralized LBRY protocol into their website. Learn more at lbry.io/lbrypress.

Check out Anti-Media’s LBRY-powered content hub at lbry.theantimedia.com

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Continue Reading

Popular Posts