Headquartered in Kiev, Liqui is a crypto-only cryptocurrency exchange with a 235 trading pairs. Liqui offers both a public and private API for programmatic trading and states a 24-hour volume of around 1250 BTC. Liqui’s numerous trading pairs are all against its three main currencies, BTC, ETH, and USDT, meaning that those looking to trade with fiat will want to find a different exchange or a method of converting their crypto after the fact. Overall, It is a good choice for small to medium traders, especially those looking for the ability to trade programmatically against a large number of cryptocurrencies.

Liqui finds itself at #23 on BlockExplorer’s list of the top 25 cryptocurrency exchanges of 2017.

Liqui

liqui cryptoURL: liqui.io
Launched: 2016
Trading pairs: 235
Deposit Fees: No
Withdrawal Fees: No
Trading fees: Yes
Verification: Yes
Margin Trading: No (coming soon)

Fees and Limits

Liqui lays out its fees in the usual maker/taker scheme, where makers pay a 0.10% fee and takers pay a 0.25% fee. All of Liqui’s trading pairs currently have the same fees applied to them. Fees are listed on Liqui’s Fees and Limits page, with the fees specifically only listed for the three ‘main’ cryptocurrencies you trade against; Bitcoin, Ethereum, and USD Tether.

Limit-wise, Liqui has three levels; New accounts are split into three 24 hour periods, where their withdrawal limit increases by 5,000 USDT or equivalent per day, starting at 5,000 USDT. Following the new account restrictions, an account receives the “Basic Account” withdrawal limits of 50,000 USDT or equivalent per day. And lastly, for “Enhanced Accounts”, the limit is 500,000 USDT or equivalent per day. Note that the Enhanced Account’s limit requires both verification and 2FA to be enabled on the account.

Registration

Registering an account on Liqui is simple, and requires a username, email, and password. A confirmation email will be sent to you once you have completed the registration form. And after following the confirmation link in said email, you can begin to trade. Note that new accounts have withdrawal limits that are explained above.

Verification

Liqui has one verification level, the requirements for which are not published. Getting verified begins with a support ticket at their support site. Assume that for verification, the usual information is required. Namely a photo ID and proof of residence.

Interface

Liqui has a soft feel to its interface, which by default is a cool white with blue highlights. Liqui’s interface also offers a dark mode, which can be toggled with the lamp icon at the top of the page. The dark mode maintains the same highlights but trades the light background and dark text for a dark background with light text. Almost all of the interface switches seamlessly, with charts requiring a refresh. Some users may find the dark mode difficult to read, as the contrast between the text and the background is not very high.

On Liquis main trading page, there is a chart and summary front and centre, with buy and sell dialogues below. Further below is an area to select trading pairs, the current order book, trade history, and your personal trade history.

Security

Liqui offers decent security measures, including 2FA. When logging in to your account, without having 2FA configured, you are emailed a security code for that login. The security code is a massive 64 character string, making it safe from brute forcing in the 5 minutes which it works. Two Factor Authentication is offered via Google Authenticator and is simple to set up, using the standard ‘scan this QR code’ approach.

Otherwise, Liqui offers a complete overview of account login activity. Specifically, you can see all active sessions, with the ability to close them, and you can see all login activity, successful or otherwise. Both account information sections have the date, time, and IP address of the occurrence listed.

Square Cash, the mobile payments app operated by San Francisco-based financial services company Square, has seen faster growth than their fiercest competitor, PayPal’s Venmo app, according to new analysis from Nomura’s Instinet.

A report sent to Instinet clients from analyst Dan Dolev concludes that Square Cash is quickly catching up to Venmo’s install base, with nearly 28 million cumulative downloads of the Square Cash app, a mere $1 million behind Venmo, despite releasing 4 years later. Square Cash’s downloads have averaged a strong 128 percent year-over-year growth since 2016, with Venmo only managing 74% year-over-year growth comparatively.

Dolev says that historically Venmo has received more downloads than Square Cash, but the gap peaked in July 2017 and has shifted in favor of Square Cash.

While it’s been widely reported that Square only earned $200,000 from bitcoin transactions in Q1 2018 since its January launch, Dolev believes that offering bitcoin may have helped spark the app’s accelerated growth, comparing Square Cash app downloads to Coinbase’s app.

“With Square Cash App now open for Bitcoin trading in most states, comparing its growth versus the popular Coinbase app is noteworthy.” Dolev continued:

“Here, while Coinbase saw growth peak around the holiday time — as Bitcoin prices spiked — Coinbase’s growth has slowed from record levels, whereas Square Cash App experienced more balanced growth.”

Dolev’s report reiterated Square stocks as a ‘buy’, targeting $65 per share over the next 12 months, representing a predicted 18% increase. Shares of Square, Inc. were up 1.9 percent at the time of this writing.

Square’s CEO Jack Dorsey is a “huge fan” of bitcoin, and believes it’ll become the Internets “native currency” according to his comments on stage today at Consensus 2018. Dorsey plans to “help it happen” by supporting it as a method of payment for everyday use through the Square Cash app.

accept bitcoin

Cryptocurrency payments will likely be returning to popular social media platform Reddit, a company executive said on Wednesday.

Reddit CTO Christopher Slowe made this revelation during an interview with financial news outlet Cheddar, explaining that cryptocurrency payments will likely return to the platform once Coinbase finishes upgrading its merchant platform to Coinbase Commerce and the social media giant completes a website redesign.

The company had accepted bitcoin payments for Reddit Gold for years but abruptly removed this payment option in March.

Slowe said that they did so for a variety of reasons, ranging from Coinbase’s payment platform revamp to rising bitcoin transaction fees to the fact that the company — which is currently doing a complete website redesign — does not currently have the time to upgrade its API to the new Coinbase merchant system.

“We just didn’t have time to upgrade our current API integration, and once the redesign… is landing, I think we’ll see crypto payments come back,” he said.

Notably, Slowe also said that Reddit — whose platform houses forums for nearly every cryptocurrency community — will likely add support for other cryptocurrencies as well.

In fact, he said that the company had looked into adding more cryptocurrencies in the past but that its Coinbase API version did not provide merchants with the ability to accept altcoins.

“We have been looking at other cryptocurrencies,” he said. “We are looking at Ethereum and Litecoin that are provided by Coinbase as well.”

Both ethereum and litecoin are available to merchants through Coinbase Commerce, and though Slowe did not specifically refer to it in his remarks, so is bitcoin cash. Consequently, it would not be surprising if Reddit users can soon purchase premium subscriptions using four cryptocurrencies instead of one.

However, Slowe did not provide a specific timeline for when Reddit will bring back cryptocurrency payments, merely stating that it would likely happen once the company finishes its redesign.

Featured Image from Pixabay

earn.com

Coinbase is quickly ramping up its merger and acquisition operations, as the cryptocurrency exchange and brokerage giant announced on Monday that it has completed its second acquisitions in as many weeks: bitcoin startup Earn.com.

The paid messaging platform — which was originally incarnated as a bitcoin mining startup called 21.co — rewards users with cryptocurrency for answering emails, filling out surveys, and completing other micro-tasks.

Terms of the deal were not made public, but Earn.com CEO Balaji S. Srinivasan wrote in a blog post that “the total value of cash, cryptocurrency, and equity returned to our shareholders is now in excess of the capital invested in the company.”

The company had raised approximately $116 million over multiple funding rounds and at one point was the industry’s best-funded startup. Sources close to the discussions had previously said that the deal would likely exceed that figure, and this comment suggests that it was at least in the same ballpark.

Srinivasan will join Coinbase as a senior executive, becoming the company’s first chief technology officer, while the rest of the Earn.com team will also join the firm and work to integrate the company’s paid messaging platform into Coinbase’s infrastructure.

“If we’re successful in our long-term goals, we will be able to turn the billions of smartphones worldwide into a new source of work. Open the Earn.com app in any country — and receive a personalized, targeted list of paid microtasks and emails just for you,” the company wrote in a blog post. “Thanks to the blockchain, anywhere there’s a phone, there’s a job.”

The acquisition was the second announced by Coinbase in April alone.

As BlockExplorer reported, Coinbase announced last week that it had acquired Cipher Browser, a one-man startup that had built a mobile ethereum wallet and decentralized application (DApp) browser. Cipher’s developer, Peter Kim, joined the company as the engineering team lead for Toshi, Coinbase’s ethereum wallet and DApp browser.

Featured Image from Earn.com/Twitter

A journey through Bitcoin Village.

Ever since around Thanksgiving, it’s been impossible to tune out all of the noise that Bitcoin is making in the media. First, it was Bitcoin’s meteoric rise to $20K, followed by an abrupt crash, downward spiraling all the way down to under $6K at one point. The widespread mania prompted (foolish) people to remortgage their homes to avoid missing out on the promise of Lambos and wealth beyond our wildest dreams. Dreams that quickly turned into nightmares for many, as FOMO turned to FUD in a mere few months.

Beyond the wild swings in price due to its volatile, speculative nature, those that have been embracing the cryptocurrency as a replacement for the almighty dollar, have begun to show the rest of the world what life using Bitcoin is like.

Bitcoin Village,” a small section of Portsmouth, New Hampshire, is taking lead and showing the rest of the world that cryptocurrency is indeed a currency that can be used for everyday occurrences, like dining out at your favorite restaurant, visiting a theatre, ‘getting your hair did’, or shopping at a local mom and pop retail boutique.

The journey started with STREET, a casual dining restaurant that was featured on an episode of the Food Network’s ‘Diners, Drive-Ins, and Dives’, entitled ‘Sausage, Seafood and Shawarma’. Flyers for Bitcoin that include a “quick-start guide” and references to a “world famous” Bitcoin tour. Marketing materials in the lobby call out that Bitcoin is “accepted here” and boasts that “people who paid with Bitcoin saw food prices drop by 75%” likely referencing Bitcoin’s parabolic value increase in 2017.

The signage boldly asks “can your money do that?”

STREET also accepts other cryptocurrencies, such as Dash, Bitcoin Cash, and Litecoin. When management was asked “why crypto,” the response was “there wasn’t a reason not to accept it,” citing how easy it was to integrate an app into their iPad-based point-of-sales system. STREET’s sister restaurant, an eclectic pizza parlor located in the same plaza called STREET’ZA also accepts the same cryptocurrencies.

Also on this famed Bitcoin “tour” was La Maison Navarre, a French pastry shop; Fresh Press, a 100% organic smoothie and foodie spot; Lair’s Bench, a brewpub; and Fezziwig’s Food and Fountain, which offers coffee, tea, crepes, milkshakes, and ice cream sundaes. And that only covers food.

Sol Sunwear, which was the first retailer to join the Bitcoin revolution that started in Portsmouth, takes a tongue in cheek approach to their accepting cryptocurrency. Like STREET, each shop accepting crypto in Bitcoin Village has unique signage to alert customers and passer-by that Bitcoin is accepted here. At Sol Sunwear, a shop that sells designer eyewear, the sign reads “Bitcoin millionaires prefer Prada and Valentino.”

Another fashion outlet, Cotillion Bureau, offers second-hand clothing selected for its craftsmanship.

As a tourism hotspot, Bitcoin Village is also home to a few gift shops that offer unique and interesting trinkets. Pickwick’s Mercantile is one of them. Their “feminine” counterpart is Lady Pickwick’s. Deadwick’s Ethereal Emporium is chock full of oddities including crystal balls, costumes, antiques and more – a stark contrast to the technologically advanced nature of Bitcoin and cryptocurrencies. All of these places will accept cryptocurrency alongside traditional dollars and cents.

For entertainment, 33 Artspace offers a local value for live performances, and the Seacost Repertory Theatre is a historic venue for plays, musicals, and more. Portsmouth School of Ballet, Portsmouth Smoke and Vape, Oomph Hair Salon, Port City Coin and Jewelry, Pickwick’s at the Banke, and even Portsmouth’s local Lens Crafters franchise accepts Bitcoin and other cryptocurrencies. Yoga classes at Bikram Yoga Portsmouth can be paid for using crypto. Crypto can buy you almost anything in this town.

Portsmouth is also home to the Blockchain Institute of Technology and offers hands-on education on blockchain development. Passing by the window, students were hard at work while unmanned computers had screensavers that flashed the images of various cryptocurrency tokens.

Last but not least, the tour ends at the Portsmouth Free State Bitcoin Shoppe. This is where it all started, the “Cryptoanarchy Mecca,” as the two founders define it. Their mission is to “help people use better money.” At the Free State Bitcoin Shoppe, everything from crypto related T-shirts, cold storage hardware wallets, books, and propaganda are available – but here, only cryptocurrency is accepted. That’s right, they’ll turn away fiat money and encourage you to use their crypto ATM if you don’t already own Bitcoin or one of the many other cryptocurrencies accepted here (including Bitcoin Cash, Dash, Zcash, Monero, Ripple, Ethereum, Litecoin, and Dogecoin). It’s the founders of the Free State Bitcoin Shoppe that encouraged other retailers in the area to get involved in the “movement.”

And what a job they’ve done. No other place on the planet offers such a wealth of diversity in its people and its businesses, yet also accept cryptocurrencies so widely and openly. Portsmouth, NH has always been an innovative community, but it’s the one place on Earth where the future of currency – a future led by cryptocurrencies – is already in practice.