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New investors are learning crypto terminology with Decryptionary

James Dendson

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Entering the financial market of cryptocurrencies can be complicated not only by the signals, but by the terms that are used to refer to certain key elements for successful trading. Decryptionary, the Bitcoin and blockchain dictionary allows beginners and enthusiasts to learn necessary definitions so they can start working in this médium, since understanding certain words is necessary to grow as an investor.

Crypto made easy

Decryptionary offers you the option to handle keywords in the crypto industry, either through the specific search of a term or general reading of those that have not yet been learned. This dictionary will allow you to learn what elements like Smart Contracts, bull racing, Hodling, Altcoins and blockchain mean doing a search filtered by the first letter of the word.

Not only can you learn the terminology through reading, the website offers brief crypto podcasts in which they instruct listeners about several meanings and important aspects of the jargon that surrounds blockchain. Whoever wishes to learn using this option can do so through the “iTunes” platform or Crypto101Podcasts.com.

This dictionary has several learning sections that include similar terms, such as “20 common cryptocurrency words you should know” and “20 blockchain words you should know”. These lessons prepare visitors regarding terms related to mining and transactions, such as hashing, wallet, addresses, zero confirmation and exchanges.

Cryptionary has segmented the content by several levels of learning, the first being an introduction to cryptocurrencies, which explains what they really are, what they are for and what their purpose is, since this is the starting point of everyone who is starting in the immense world of blockchain. The levels continue indicating how to buy the tokens, how to invest in Altcoins from Bitcoin, how to protect your investments through the use of security protocols like factor 2FA and teach you to understand the white papers.

Currently, instructional premium videos are being prepared to facilitate the lessons, including content that does not appear in the PDF documents belonging to the aforementioned lessons, these videos will present advanced research techniques and exercises that will accelerate your understanding of cryptocurrencies in record time.

In addition to offering a good service to beginners, Cryptionary has discounts on their platform to choose the courses they offer at the time of registration. Although there are premium videos, users can enjoy a free service using the website as a conventional dictionary.

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Blockchain

Building Globalcoin: Facebook reaches out to Coinbase and Gemini

James Dendson

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The largest social network in the world has been holding important meetings with major exchanges regarding the launch of its own cryptocurrency, which could be ready by 2020.

It has recently been reported that Facebook has held a series of meetings with Coinbase and the Winklevoss twins, founders of the Gemini exchange, despite being former rivals of Mark Zuckerberg. These events seem to point to the fact that the Facebook project is going in the right direction and will study the field in the hands of the most experienced.

Anonymous sources have confirmed that Facebook has established a series of negotiations with famous crypto-related companies to ensure that its stablecoin is linked to the US dollar, enjoys liquidity and is safe to trade.

These firms have refused to reveal specific details regarding the Facebook project (they probably had to sign a discretion agreement), although it is a fact that the Libra project will have the direct participation of the aforementioned parties.

Facebook has ensured that its new cryptocurrency will specialize in payments but not on a simple scale, as Globalcoin intends to expand and accept users from all over the world. Facebook’s digital asset will not only serve for purchases within the social network, but it will also extend to Instagram, Messenger, and WhatsApp to offer its functions to as many users as possible.

Although Facebook’s expansion plans sound very promising, it will have to deal with setbacks due to regulations, as there are still many nations that put legal barriers on cryptocurrencies and consider them a threat to their economies.

In early May, Facebook registered a new financial technology firm, which will be based on blockchain and finance, thus offering services for payment solutions, storage of information, confirmation of identity, data analysis, among other functions related to the processing of valuable data. It is estimated that Globalcoin is ready to start reaching user wallets for next year.

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Crypto

Iranian users will no longer be using LocalBitcoins

James Dendson

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The popular cryptocurrency Exchange LocalBitcoins has established a ban on its services for Iran-based users on its website.

The restriction of Iranian users is due mainly to two factors, the financial regulations imposed by Finland (where the LocalBitcoins barracks are located) and as a result of the sanctions imposed by the United States Government, so this exchange would not be the only one to ban accounts in Iran.

Other exchanges such as Binance and Coinbase also refrain from providing services to users based in Iran, in support of the aforementioned measures. Tensions in the middle east between the United States and Iran have triggered a state of maximum alert, which has caused all federal US workers in the region to vacate their posts and return to their country for security reasons. LocalBitcoins would be only a small consequence in the long list of punishments that this conflict results from.

This results in a heavy blow for users in Iran, as they had the advantage of being able to buy and trade crypto-currencies without having subscriptions to international bank accounts.

Iranian users will no longer be able to make any transactions on the LocalBitcoins platform, however, they will be able to withdraw their funds if they use the website as a wallet, since the point of this sanction is to limit the service but not to generate capital losses.

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Crypto

Presidential candidate Eric Swalwell accepts Bitcoin as contribution for his campaign

James Dendson

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The Democratic candidate, Eric Swalwell has announced that he will accept donations in cryptocurrencies to carry out his presidential campaign for 2020 elections.

The donations will be processed through a technology developed by the firm “The White Company”, which recently announced that the candidate would accept 6 of the most recognized digital assets in the market, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Stellar (XLR), Bitcoin SV (BSV) and the belonging token to the company White Standard (WSD).

It is the second time that a presidential candidate publicly announces the collection of cryptocurrencies to strengthen his campaign after Democrat leader Andrew Yang did the same. Swalwell stated:

“Blockchain is capable of changing the world if we let it. Part of our public lives is currently existing online, and there’s no reason to believe we can’t extend this further into our democracy and economy – from exercising our right to vote, to the way we’re looking at cryptocurrency.”

With 38 years of age, Eric Swalwell already maintains a political record, having been chosen to represent California’s 15th Congressional district in 2012 and has also served as an active member of the House Permanent Select Committee on Intelligence and the House Judiciary Committee, so he could function efficiently in politics despite being a relatively young candidate.

The candidate has previously expressed his position when it comes to cryptocurrencies, showing very positive with regard to what they mean for the world and the future. Swalwell recently signed a letter to the Internal Revenue Service trying to appease the tax policies on digital assets.

The White Company will process donations in a matter of seconds and will use a stellar-based stablecoin to allow immediate access to funds and reduce volatility to the greatest extent possible.

The founder of this initiative, Elizabeth White, said that by establishing a system of contributions for this campaign, Swalwell not only facilitates the options of participation of the people but also denotes behaviors that support financial democracy and not only the economic power of the wealthy, taking into account the citizens in general.

Although the Democrat Andrew Yang has also established a protocol based on donations in cryptocurrencies, the system imposed by The White Company can process contributions much faster and without the need to make explanatory calls, since it is enough to provide certain basic data such as Name, address, phone number, and occupation, making the process simpler for Swalwell voters.

 

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