The collaboration team would utilize the cloud technology and Artificial Intelligence (AI) to introduce data management and identity securing platform with the goal of being the cheapest and most integratable to lower the barrier to entry for businesses of any size.

 “ShareRing is extremely pleased to work with Tencent Cloud in developing a world-first identity and document management platform.

We have strong confidence in Tencent Cloud’s capability as one of the most reliable, high-performance, and globally recognized cloud services providers in the world.” Tim Bos, CEO of ShareRing

The new project would first be launched in Southeast Asia, a region that has been heavily affected by the Corona Virus through travel restrictions. Both companies plan on combining technological resources together such as the combination of ShareRings distributed ledger technology (DLT) with Tencent cloud optical character recognition (OCR). This converts characters into text, helping improve the efficiency and accuracy of data entry. Tencent and shareRing plans on helping Southeast Asians with the developments they plan on building.

The ShareRing App

The ShareRing app is a travel platform that will allow users to have access to practically everything concerning travels ranging from hotel reservations, flights, insurance policies, car rentals and tour packages. To add all these, they are also working on an open World passport, the first anonymous contact tracing passport that can be integrated with e-visa on arrival system (eVOA), travel insurance companies, airlines, hotels and retail shops.

The app has already gotten large interest from leaders in the Association of Southeast Asian Nations (ASEAN) region and they are closely working with Thailand to introduce it in the country.

Today, a partnership between Crypto banking platform cashaa and the United Multi-state Credit Co-operative Society has made it possible for 22 banks branches in India who are interested in Crypto banking services. The citizens of India who are interested in Cryptocurrency will soon be able to go to their local bank branches to get Cryptocurrency and to also learn about investing in them.

Cashaa stated that “initially account holders will be able to buy and sell bitcoin (BTC), Cashaa(CAS), Ethereum (ETH) , Binance coin(BNB), Bitcoin Cash(BCH), EOS, Litecoin(LTC) and Ripple (XRP) with cash or the amount balance in rupees”. The 22 branches will be ready to start operations by December, Cashaa’s spokesperson reportedly said.

Lounges For Crypto Customers At The Bank

Cashaa plans on making available Crypto Lounges in all 22 branches where customers can walk into and get educated about cryptocurrencies along with other banking services.

“The United’s existing branches will be transformed and modernized as Crypto Lounges,” Cashaa described, noting that “Members can walk into any of these branches and get educated about cryptocurrencies along with other banking services.”

Cashaa plans on educating members who visit the lounges about investment opportunities, utilities of bitcoin and other cryptocurrency , how to use and to store crypto etc.

The immediate plan is to open these Crypto Lounges in Delhi, Gujarat, and Rajasthan covering a population of 150 million Indians living in these states.

Account holders with the bank will also be able to use their Cryptocurrencies as collateral to take loans in the bank Just like any other traditional loan given by banks.

This was as a result of an Audit conducted by internationally recognized audit services firm SGS. They certified the crypto exchange for ISO27001, ISO27701, PCI:DSS (Level 1), first crypto company to gain this certifications and these are the highest maturity levels for the NIST Frameworks.

This exchange was audited in areas such as the core functions of identity, protect, Detect, Respond and Recover for the NIST cybersecurity framework and identify, Govern, Control, communicate and protect for the NIST pricing Framework.

“The NIST Cybersecurity and Privacy Framework audits add to our existing ISO 27001, ISO 27701 and PCI:DSS certifications and demonstrate our commitment to our company-wide cybersecurity and privacy strategy. With the NIST ‘Adaptive’ achievement – which examines our maturity and ability to adapt to the ever-changing cybersecurity and privacy landscape – and ISO’s assessment of our policies, procedures and controls in place, we are once again the first crypto company to achieve some of the industry’s highest security standards. Jason Lau, Chief Information Security Officer of Crypto.com said.

The NIST cyber security framework used to evaluate crypto.com was originally released in 2014, and provides a framework on how private sector organizations can develop, access and improve their ability to identify, protect, defect, respond and recover from cyber attacks. The privacy framework was released in January of this Year 2020, it is used to strengthen privacy protection through enterprise risk management. The exchange proofed proposed hence, the certification.

Crypto.com has been building its user base for some time now and they even recently announced a milestone hit for them, this was when they hit 5 million users on the exchange platform. It has also released a Spanish and Portuguese language for both web and applications of the exchange. They recently hired a former visa executive in a bid to enter into the Latin American Market (LATAM).

The amount of ETH one should own will depend solely on that person’s personal preference and whether or not they plan to stake ETH.

32 ETH Minimum for Staking

To stake ETH, you will be required to maintain a minimum of 32 ETH to run a validator. Staking Ethereum is said to yield rewards of anywhere from 4.5% to 10.5% and these figures will vary depending on the total amount of ETH you’re staking. The more ETH you stake, the smaller the percent reward gets.

This is to level the playing field and allow those with smaller staking balances to yield a worthwhile reward.

Passive Income Earnings

How much ETH you should hold will highly depend on how much passive income you want to earn from staking. Using an ethereum staking calculator, you can determine the average earnings from how much you wish to stake.

If you stake 1000 ETH, you can expect to earn around 80 ETH for the 1st year. While that is less than $20k right now, by the time you receive those rewards, ETH can be much more valuable.

Watch this video to learn more about how much Ethereum you should hold and future ETH price predictions

High Demand, Low Supply

With Ethereum staking launching soon, demand is steadily increasing to own the minimum 32 ETH that’s required to run a validator. Many people are also increasing their ETH holding stacks in order to earn more passive income once staking is live.

Recently Paul Tudor Jones announced that he has invested in Crypto as a hedge against inflation. This may soon result in a surge of demand for Ethereum and other cryptocurrencies.

The surge in demand of new investors at the same time as Ethereum is launching staking can result in a bull run unlike anything we have seen.

I believe Ethereum will be the best performing digital asset for the next year.

You gotta ask yourself…Why are earth would CZ pay $400m for Coin Market Cap? 🤔😳 — Crypto Traders Pro

A lot of people might have asked this question, for some they feel they have the answer while others are curious. Maybe the answers are provided with the recent steps taken by Coin market Cap.

After a while of acquiring CMC, CZ tweeted out.

He was obviously asking for feedback from the community on what to do next or what they would like to see improved on CMC. Among other answers were the request to fight out wash trading and hunt exchanges with inflated volumes so as to look big.

In a bid to fight off inflating volumes ( wash trading ) reported by different exchanges. CZ tweeted out with an enclosed link to the ranking of the exchanges on CMC showing the new ranking protocol.

Exchanges are now ranked based on their web traffic and on a scoreboard of 0-1000. What this means is that Exchanges will no longer be ranked based on their trading volume but rather on the number of visits and activities conducted within the website.

With the new ranking protocol we find Binance topping the list with a 1000 points , followed by Coinbase pro and Bitmex exchanges respectively. This action and ranking has left some individuals wondering if truly Binance has 100% of human activity and no inflating of trading volumes and if this ranking protocol was chosen by them since they know that they get a lot of visitors over time.

This might hit as a surprise since Binance based on the previous ranking was always found between top 10 and Decrypt reported it to be on the 15th at some point after acquisition of CMC.

This is what Chan Chief Strategy Officer and current acting CEO of CMC said regarding the web factor ranking protocol last year before acquisition.

“We’ve seen other people do things like you’ve said, web traffic as a way [to verify exchanges are legitimate] but people trade using API keys so that’s why web traffic is not a good indicator.”

“We still do not believe that web traffic is the be-all and end-all metric. To repeat ourselves, as per our blog post, web traffic is one of the many factors that we are iterating on to provide a better adjusted volume metric for our end users.” — Chan

While some individuals are happy over this development, some have questioned it. Among this is the founder of Quantum Economics Mati Greenspan.

Here is what he had to say. 

We have got a lot of users too who are not pleased and have stated that they had expected  this to happen or had switched over since to other ranking platforms.

There is no doubt that Binance will use CMC to promote their own exchange and products, but how far will they go and will it still remain the highest traffic crypto website online?

“As crypto matures, there are increasingly many companies that have perfectly robust risk management systems and do have an ability to comply with those laws, and they shouldn’t have trouble finding bank relationships,” ~ Brian Brooks

This statement made by the U.S. banking regulator and a former Coinbase chief legal officer is getting fulfilled with a lot of partnerships going on in the crypto world today. One of which happened today.

JP MORGAN will not directly handle BTC transactions on these exchanges, rather they get to provide Cash Management services and handle dollar transactions for the U.S based citizens. This would include deposits and withdrawals via wire transfer and Automated Clearing House (ACH).

Coinbase and Gemini exchange aren’t the first crypto customers that would be partnering with this bank. Tokensoft, a regulated transfer agent for security token service has had a functioning account with the said bank since 2017.

Another factor that might have helped the two exchanges get on board must have been the fact that they were all regulated in the US.

Gemini which is owned by the Winklevoss twins obtained a new Security Verification, a service Organization Control (SOC) 1 Type 1 certification after passing a review by Big Four accounting firm Deloitte.

Coinbase on the other hand had obtained both an SOC 1 Type 2 and SOC2 Type 1 certification after evaluation from the Major Accounting firm Grant Thornton.

Why is this a big deal? Well if you have been following the CEO of JP MORGAN Jamie Dimon, you would know that he’s no doubt one of those who criticize BTC and even called BTC Fraud at one point. This gives further proof that BTC and the Crypto space will soon have its place among different banks and other areas in our society. No doubt it’ll take time.