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The Bitwala Account
Bitwala is a new FinTech styled bank and crypto account that incorporates the features found in many challenger banks such as Monzo and Starling, but the added feature is that you buy, sell and store your crypto.Bitwala main service offering is that it's a Bank Account, Wallet, Trading platform and has a Bank Card (Mastercard). While the company has been created as a result of funds from an EU2020 project and you need to be a citizen of the European Economic Area (EEA), the company also supports nationalities from over 70+ countries.
Key selling points:
Bitwala Euro and Crypto fees
I have to admit, it took me longer than 5 minutes to sign up. Warning: if you don’t enter your details correctly the first time, you’ll need assistance to get them changed, however, the customer service is pretty good and they're quite quick.
'If you want to introduce a noob,a non-crypto or your grandma,this is account for you!'
First Impressions: ProsBoth the mobile app and website's user interface (UI) is beautiful, simple, clean, uncluttered and minimalist. It’s extremely user friendly and has been designed with non-traditional crypto users in mind.
The big bold lettering and oversized font size, means it's highly accessible for all ages and dare I say older people. Clearly mass use and adoption is their aim. If you want to introduce a noob, a non-crypto or your grandma, this is account for you!
It's secure from the outset, as soon as you create your Bitcoin Wallet they explain the importance of remembering your 12 phrase Main Key, your 12 phrase backup key and your separate backup reference, and it’s 2FA enabled straightaway. That's right, you own your keys - so you own your crypto!
It’s clear Bitwala emphasizes simplicity, trust and ease of use as its main offering, however, it’s clear the product is in its earlier stages and isn’t feature packed.
Nevertheless, their partnership with Celsius means you can earn a passive income from hodling your Bitcoin and receive an interest rate of 4%* paid weekly - no minimum amount or lock in period.
It offers basic charting functionality 'day, month, year and all' currently, and it only supports BTC and ETH at the moment. It is an EU Horizon 2020 sanctioned project with banking services managed by Solaris Bank, which can support you with your crypto taxes - so you will need to go through KYC verification.
Bitwala is designed for beginners and hodlers
OverallThe crypto community can learn a trick or two from Bitwala. It's got a logical and intuitive UI, and a smooth, pleasant user experience. It’s uncomplicated approach means it’ll be easier to get novices into saving, trading or sending cryptocurrencies.
Overall its a very promising start, its really low fees and 0% withdrawal or transfer fees makes it an attractive proposition. With time, if Bitwala incorporates rich features found in Starling, Monzo or Revolt, and expands on its DeFi hodler options - Bitwala could become a real hybrid-challenger bank of the future. Its user friendly approach and with EU support, it seems like a service built for mass adoption.
If you want to check Bitwala out, use the following link and we both get €30.
Or, if you just want €30 you can use the Bitwala link as well!
I hope you enjoyed the post...
https://preview.redd.it/q2kyxwtmq4f31.png?width=740&format=png&auto=webp&s=bd1ef8aa42134be0b59e48ba929317f48570f854submitted by GTE_IO to u/GTE_IO [link] [comments]
In late July 2019, Sony Financial Ventures joined a $14.5 million funding round for Bitcoin (BTC) bank Bitwala. Back in 2017 and 2018, such a figure might not have made many headlines, as crypto startups were raking in hundreds of millions of dollars in initial coin offerings (ICOs).
The ICO boom has, however, stalled significantly, with fundraising figures for 2019 a far cry from the massive amounts earned by projects in the two years prior. Many of the tokens that came about during the ICO mania have also lost most of their post-offering value. Since the late 2017 crypto mania, there has been a considerable uptick in regulatory scrutiny of the industry as a whole.
While the ICO boom might have waned since the middle of 2018, there is still a lot of activity in the crypto fundraising space. The only difference is that, like much of the broader industry, the prevailing narrative appears to be taking on a paradigm shift — one that crypto proponents hope is tending toward making cryptocurrencies a more mature asset class.
Major ICOs of 2019Data from ICO analytics firm ICOdata.io shows that token sales have raised more than $340 million in 2019 from 83 crypto fundraising events. Monthly figures for 2019 can be seen in the chart below.
To put the ICO decline in perspective, token sales raised more than $900 million in June 2018 alone. On the whole, 2018 saw ICOs raise more than $7.8 billion from a total of 1,253 projects. In the previous year, 853 projects collected over $6.2 billion from token sales. So far, only March and May 2019 have recorded more than $100 million in ICO sales. The following are some of the major ICOs in 2019.
Related: What to Expect From the Telegram Open Network: A Developer’s Perspective
In an email to Cointelegraph, Joe DiPasquale, CEO of BitBull Capital — a crypto and blockchain hedge fund firm — commented on the factors that contributed to the decline of ICOs. According to DiPasquale:
“The ICO market was largely driven by greed, as speculators scrambled, hoping to find the next ETH. Unfortunately, the space was rife with scams as people soon realized they could raise hundreds of thousands if not millions, with vague promises and plagiarized whitepapers. Without a solid foundation, the bubble was destined to pop, and it is unlikely we will return to the ICO hype of 2017 and 2018. Instead, however, we may see a more standardized approach to crowdfunding develop, as is the case with security token offerings, which are in the works.”
ICO alternatives taking center stage?Within the current narrative of a decline in ICOs, some commentators believe that there is significant interest in the sale of cryptocurrency tokens as an investment in blockchain-based startups. In a private correspondence with Cointelegraph, Igor Chugunov, CEO of Credits — a blockchain startup that focuses on decentralized application (DApps) development — declared that there is a continued interest in ICOs.
For Chugunov, there are still individual and corporate investors looking to put up equity in emerging projects that aim to use put blockchain technology to innovative uses across several aspects of the global business process. Providing further commentary on the matter, the Credits CEO added in an email to Cointelegraph that ICOs are now evolving into security token offerings (STOs) and initial exchange offerings (IEOs), declaring:
“Yes, we have to admit that the volume of fund-raising through ICOs has declined significantly. But let's take into account that ICO is just a tool that is being improved and assumes new formats like STOs and IEOs. Innovative approaches to raising funds is an integral part of modern market realities. In my opinion, the decline in interest in such instruments like ICO is primarily associated with the strengthening positions of regulators in the market and the investor's transition to a new degree of his evolution in the areas of market research, risk management, and capital management.”
The current cryptocurrency investment climateWith ICOs experiencing a massive decline, the narrative has shifted to other fundraising methods for cryptocurrency startups. Back in mid-June, Cointelegraph reported on Fireblocks — a digital asset cybersecurity startup — raising about $16 million in a Series A funding round from venture capitalists (VCs).
Amid the ICO mania, there have also been companies that have steadily accrued capital funding via VCs. Some of the major crypto-businesses like Circle and Coinbase have received millions of dollars from VC investors at different points in time. Commenting on the VC approach to investing in the digital asset space, DiPasquale surmised:
“VCs and seasoned investors in the crypto space are not attracted to hype. They seek solid teams with sound ideas and take a milestone-based approach to investments. Even in private rounds, they seek early entries to ensure maximum ROI and low risk. The general narrative is to identify new protocols and services which allow interoperability between various blockchains and support building infrastructures on top of them.”Despite the crypto winter of 2018 that saw prices of digital tokens plummet by more than 80% across the market, VCs continued to invest in cryptocurrency projects. VCs reported invested more than $2.85 billion in crypto and blockchain projects in 2018.
While this figure might seem significant, it pales in comparison to the total outlay of VC equity investments in businesses throughout 2018. Data from Crunchbase shows that VCs put up more than $350 billion in private funding rounds. Echoing DiPasquale’s sentiments, Chugunov provided further explanation as to why VC involvement in the crypto space is still relatively insignificant, opining:
“Venture capital has not lost its interest in investing in cryptocurrencies, but the requirements for projects, in particular for products, teams, economic models and adhering to the roadmaps have grown significantly.”As reported by Cointelegraph, cryptocurrency lender BlockFi has received about $18 million in Series A funding from VCs led by Peter Thiel’s Valar. The growing pre-eminence of venture funding in the crypto space also lends itself to sensible investments in projects that could possibly turn out to be economically viable. According to a previous Cointelegraph report, BlockFi has more than $53 million in customer cryptocurrency assets under management.
This arguably sensible investment strategy is in stark contrast to the high yield investment product vibe of the ICO era. With only a white paper and a vague business plan, most been unable to live up to their lofty self-set goals.
By Osato Avan-Nomayo
I’m back with the twelfth monthly Bitcoin news recap. (Yes I'll keep doing these in 2018)
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best), memeless overview of what happened in bitcoin over the past month.
You can find recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in December 2017
- 01: One of the most important Bitcoin related charts & The CME has been approved to launch bitcoin futures trading on December 18th & Two Drivechain BIPs
- 02: The Rootstock sidechain will be released on the 4th of December
- 03: A Dutch newspaper tries to get people to sell their bitcoins but instead provides a list of reasons why Bitcoin exists & A post by one of the 14000 Coinbase clients that the IRS has targeted
- 04: Rootstock is released as a Sidechain bringing more sophisticated Smart Contracts to Bitcoin & Coinbase is working on SegWit support & A CNN host is salty he didn’t buy bitcoin & A livestream of the Latin American Bitcoin conference & More people probably understand Bitcoin than the central banking system
- 05: Updates on Confidential Transactions efficiency & Bitcoin reaches €10000 for the first time
- 06: The Lightning Protocol 1.0 passes all compatibility tests on the live Bitcoin network & NiceHash, a mining marketplace, got hacked for $60M in bitcoin & Bitcoin reaches a new all-time-high of over $13000
- 07: Bitcoin reaches 500k subscribers & Someone sends a $500K donation to Andreas Antonopoulos for all his Bitcoin education, while others add over $200k on top & Bitcoin reaches a new all-time-high of over $19000
- 08: People are beginning to get (even more) excited about the Lightning Network & The US Senate has a hearing about a bill that would criminalize concealed ownership of Bitcoin
- 09: An elaborate description of how to spot a price correction & A discussion and video regarding the impact of the CME bitcoin futures
- 10: Some cryptocurrency trading advice & Craigslist adds a checkbox that says “you can pay me with bitcoin” & Saudi Arabia’s most prominent newspaper lists bitcoin on the economy page
- 11: Bitcoin exposes the economic illiteracy of financial journalism & Muslim clerics said that owning bitcoin is compatible with Islam
- 12: Ebay is ‘seriously considering’ accepting bitcoin as a payment on its platform & The end of life of a sidechain
- 13: A visualisation of the Lightning Network testnet of 478 nodes & SegWit is implemented in Bitwala & The Pineapple Fund plans to donate 5057 bitcoins to charities
- 14: Danish Bitcoin billionaire becomes a new sponsor of a professional ice hockey team and renames its stadium to “Bitcoin Arena” & One of Hal Finney’s last posts on bitcointalk.org
- 15: While users are still waiting for major bitcoin businesses to implement SegWit, Bitcoin Core developers have finished their MAST proposals & Google says Bitcoin is the #2 ‘How to’ search term of 2017
- 16: Some love for Bitstamp, which is growing at over 100k users per day and has been SegWit compatible since September & A discussion on not giving bitcoin for holiday gifts & The South Korean government plans to regulate cryptocurrency exchanges
- 17: A discussion on ‘taking bitcoin profits’
- 18: Mining bitcoin with pencil and paper at 0.67 hashes per day in 2014 & Bitcoin block 500.000 has been mined
- 19: You can try a testnet Bitcoin Lightning transaction & A discussion on the anti-Bitcoin articles in the media around the world & A map of the Lightning Network today
- 20: People are upset as Coinbase engages in insider trading & A bitcoin millionaire is giving away their fortune to scientific research
- 21: A guide to help people send cheaper transactions using SegWit & The Bitcoin Billionaire song & The New York Stock Exchange wants to launch Bitcoin ETFs
- 22: Bitcoin ‘veterans’ are trying to calm down newcomers about the price crash
- 23: A grateful community membedeveloper joins the Lightning Test team
- 24: The people at the Internet Archive get excited about a $1M bitcoin donation from the Pineapple Fund & [A call to help the Lightning network go live on the Bitcoin network by helping w...
The Rainbow Chart is not investment advice! Past performance is not an indication of future results. The Rainbow Chart is meant to be be a fun way of looking at long term price movements, disregarding the daily volatility "noise". The color bands follow a logarithmic regression (introduced by Bitcoi Charts am 5. November 2019 mithilfe von TradingView erstellt. USD/EUR-Kurs zum Redaktionsschluss: 0,90 Euro. Der Marktkommentar wurde vom Bitwala Trading Team verfasst. Bitwala bietet die einfachste und sicherste Art, Bitcoin direkt von einem Bankkonto aus zu kaufen und zu verkaufen. Mehr Infos hier. Nutzer der Bitwala App können sich ab jetzt den Preis von Bitcoin und Ethereum im Tages-, Wochen- und Jahres-Chart anzeigen lassen und aktuelle Kursverläufe überwachen. Wie diese Charts am besten genutzt werden können, erklärt euch Dennis, unser Head of Trading: Über Bitwala. Bitwala ist nur schwer mit einem anderem Anbieter oder Service in der Krypto-Branche zu vergleichen. Das Berliner Unternehmen ist keine „übliche“ Kryptowährungsbörse, sondern bietet auf seiner Plattform das weltweit erste Konto, das ein reguläres Bankkonto, ein Bitcoin und Ethereum Wallet und einen Trading-Service auf nur einer einzigen Plattform vereint. Bitcoin kann man direkt aus der Bitwala App kaufen. Voraussetzung ist, dass das Bankkonto ein Guthaben aufweist. Denn der Kaufpreis wird direkt vom Konto abgezogen und die gekauften Bitcoins auf das Wallet übertragen. Dies geht nur mit einer echte Bitcoin Transaktion, so dass beim Kauf (und Verkauf) neben den Gebühren von Bitwala auch Bitcoin Transaktionskosten anfallen (Minergebühr). Da ...
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