Crypto Spring Is Here, eToro CEO Believes

As Yoni Assia believes, the current situation in the cryptocurrency market indicates the onset of a cryptocurrency spring
27 May 2019   242

The resumption of growth in trading volumes of bitcoin signals a new wave of interest in cryptocurrency. About this in an interview with the portal Crypto Potato, said the head and co-founder of the social investment platform eToro Yoni Assia.

The current situation in the cryptocurrency market, according to Assia, indicates the onset of a cryptocurrency spring.

The spirit is back in the market. The bulls are still there. Bears didn’t kill the bulls yet, and I think we’re seeing somewhat of a revival.

Yoni Assia

Co-Founder and CEO, eToro

In 2018, the volume of trading on the eToro site grew to almost a trillion dollars. Despite the fact that these cryptocurrency trading volumes are still far from those of the end of 2017, when Bitcoin showed record growth, Yoni Assia is optimistic.

I do believe that we will see Bitcoin at much higher prices in the medium term. [I'm] not necessarily that a good [of a] trader. It’s very hard to try and predict the markets.

Yoni Assia

Co-Founder and CEO, eToro

In April, the eToro blockchain division launched a cryptocurrency exchange with support for various stablecoins.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   148

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.