ABRA announces support for 20 cryptocurrencies in their app

ABRA mobile application plans to add support for 20 different cryptocurrencies to trade with and stablecoin technology to protect against market volatilit
16 March 2018   950

Cryptocurrencies become increasingly popular with masses and service providers of all sorts can't ignore this fact if they want to stay on top of the happenings. So, ABRA, a mobile platform which allows users to fund their accounts as of now with BTC and several modes of fiat transfers, such as bank wire and ACH transfers, made an announcement that in the next few weeks they will add a support for 20 different cryptocurrencies.

Already they have implemented the ability to swap between 50 fiat currencies and added support for 13 of the 20 planned digital currencies. The list of freshly available currencies includes Bitcoin Cash. Litecoin, Etherium Classic, Ripple, Dash, Zcash, Dogecoin, Vertcoin to list only a few.

Also among the killer features of the app is the so-called stablecoin technology. It allows users to stop worrying about the volatility of the market by allowing them to swap their digital holdings to 50 different fiat currencies. The technology relies on creating synthetic digital assets based on Bitcoin and Litecoin by utilizing a multi-sig smart contract.

The main focus of the app is to provide an environment for hassle-free cryptocurrency investments with no need for extensive KYC checks, requiring only the mobile number. As the company points out, the purchased assets are held directly on the user's phone and are accessible at any time.

The effort to bring together multiple cryptocurrencies on one platform allows users to expand their portfolios and to diversify their holdings in one wallet, without managing multiple accounts on several platforms.

Two Mining Pools to Gain 50% of the BCH Hashrate

Media reports that Coingeek and BMG Pool are affilated with odious Australian entrepreneur Craig Wright
18 September 2018   454

The centralization of Bitcoin Cash mining has reached a new level after only two pools - Coingeek and BMG Pool - have established control over more than 50% of the total network hash. This is reported by Trustnodes.

Bitcoin Cash Mining Pools
Bitcoin Cash Mining Pools

Earlier today, there were also reports that at some points the aggregate capacity of both pools reached 58%.

While BMG Pool directly belongs to the odious Australian entrepreneur Craig Wright, the no less scandalous Calvin Ayre, who maintains close ties with Wright, is considered the nominal owner of Coingeek.

The current situation, the media believes, does not exclude the possibility of collusion of the 51% attack on the network. In particular, in this case there is a probability of double spend of coins, which, accordingly, will force the exchange to increase the number of required transaction confirmations.

At the same time, the current situation is likely to be a demonstration of power by Craig Wright on the eve of the November upgrade of the network. As a result of disagreements between different groups of developers, it is still possible that Bitcoin Cash, which at one time split from bitcoin, will itself be split into two separate chains.

Note that the Bitcoin Cash hashrate on the whole continues to remain at a fairly low level, accounting for less than 8% of the bitcoin.