CoinPal.eu: Bitcoin to PayPal Exchange Transfer Cash Out Service
Bitcoin to PayPal Exchange Transfer Cash Out Service
New York, June 23, 2020 (GLOBE NEWSWIRE) — CoinPal.eu was built from ground up with inputs from the Bitcoin community. We understand our operation runs on trust and protect our reputation with the highest efforts. We produce a “Letter of Guarantee” for every transaction within the system. Our support is ready to be at your service round the clock. We are on a mission to make transactions safer and untraceable while contributing towards privacy over internet transactions.
YouTube Tutorial VIDEO: https://www.youtube.com/watch?v=Rrur4PN3ABc
Over time with the increased government scrutiny and unwanted invasion by phishers, users now realize that the cryptocurrency world is not as anonymous as most of them were led to believe. Safety, anonymity and privacy at transfer Bitcoin in PayPal has top priority.
A tech startup called, CoinPal is changing all this and giving back cryptocurrency enthusiasts their security and privacy. The start-up provides a cryptocurrency exchanging platform that gives you the option to exchange Bitcoin to PayPal, making it easier for you to cash out your cryptocurrency without traces. CoinPal reintroduces anonymity by allowing online shoppers that pay using cryptocurrency through addresses that remain anonymous when the user is completing transactions. The shoppers, as such, cannot be associated with the various addresses they use.
How Does CoinPal Work?
CoinPal work by essentially collecting cryptocurrency from the people using cryptocurrency, mixing it with a giant pile of other cryptocurrencies, and then cashing the PayPal balance out to an account of their preference, with the total amount that you put in minus 0.5-3%. The 0.5-3 % is generally taken as a profit by the Bitcoin Start-Up company. This is how they make money.
A Bitcoin exchanging service (also known as a transfer) allows you to exchange, withdraw and cashout cryptocurrencies, without your transactional data becoming public from your cryptocurrency. In short, it makes your financial transactions anonymous in the true sense. It is done by mixing your transactional data with a pool of Bitcoin data. This ensures your data is secure, you have control over your privacy, and no data can be traced back to you through CoinPal, as the link between the sender and the receiver is broken.
CoinPal: The smart bitcoin withdraw solution
CoinPal is a unique cryptocurrency exchanging/transfer service that ensures your cryptocurrency becomes untraceable, and no link exists between the stakeholders. They have designed different pools of cryptocurrencies based on their sources, with variable fee percentages. This segmentation and differentiation ensure the instant and clean exchanging of the Bitcoin. The three pools include Standard Pool, Smart Pool, and Stealth Pool. It uses a closed-source smart code which is devolped by the CoinPal team to avoid errors on multiple occasions.
Features of Coin Pal Platform
Zero Post-Transaction Logs – CoinPal platform keeps transaction logs for only as long as it needs them. The longest period that these logs can remain is 24 hours, otherwise, the platform keeps them only for as long as is necessary to complete a transaction.
Full Anonymity – The need for complete anonymity is greater in the online space, and it is only second to the information online prowlers seek. Users that sell Bitcoin cryptocurrency on the platform does not even need to input their information. Instead, only the recipient address is necessary.
Customizable Process – Users can set various parameters as they so choose. You, for instance, can choose the amount of cryptocurrency to cash out, the commission to pay for the mixing, and the delay period you prefer.
The importance of privacy and security while transacting online cannot be stressed enough. It probably is the reason why platforms like CoinPal are timely. The advantages it offers hold the possibility of making crypto mainstream.
More details about cryptocurrency exchanging and the CoinPal platform can be gathered through their official website https://coinpal.eu/.
New York, UNITED STATES
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Bitcoin Remains on Hunt for $10K as Holding Sentiment Gains Strength
There’s a disconnect between crypto markets and Wall Street.
Among bitcoin bulls, a key investment thesis is that the trillions of dollars of money injections by global central banks will usher in an era of inflation, helping to send prices for bitcoin, seen as a hedge against inflation, to the moon.
But trading in global bond markets shows that traditional investors expect nothing like the hyperinflation episodes witnessed in places like Zimbabwe and Venezuela.
Just look at break-even inflation rates – calculated by assessing the difference between yields on inflation-linked notes and regular bonds. It’s a way of gauging traders’ expectations for future inflation, and the current view is that consumer-price increases over the next five years in the U.S. will average levels well below the Federal Reserve’s 2% target.
As of Wednesday, the five-year break-even rate was 1.5%, according to data provided by the Federal Reserve Bank of St. Louis.
That’s down from 1.8% in September – even after the Fed injected more than $3 trillion of new money into the financial system just this year.
The analysis offers a reminder of just how deflationary recessions can be, with rising unemployment that often puts downward pressure on wages and consumers’ demand for goods and services. A report Friday from the U.S. Labor Department put the May unemployment rate at 13%, up from 3.5% in December. Millions of people lost their jobs as businesses slashed their workforces during this year’s coronavirus-induced lockdowns.
Related: First Mover: As Bitcoiners Eye Inflation Boost, Wall Street Sees Barely Any for Five Years
“Typically, inflation is going to be linked with employment levels,” Rich Rosenblum, a former Goldman Sachs managing director who’s now co-head of trading at the cryptocurrency-focused firm GSR, wrote in an email. “If the U.S. inflation was below target (sub 2%) when the country was at full employment, then it’s even less likely that inflation will arrive when unemployment is sky high.”
Europe and other parts of the world are facing similar situations. While the European Central Bank (ECB) has amassed assets worth over 5 trillion euros, five-year inflation expectations remain at a meager 1.02%, as noted by macro analyst Holger Zschaepitz. The ECB also targets 2% inflation.
Traditional investors may be keying off recent experience showing that large-scale central-bank money injections over the past decade have not touched off anything resembling hyperinflation.
The Fed conducted multiple rounds of asset purchases in the six years that followed the 2008 crash, more than quintupling its balance sheet to about $4.5 trillion from $800 billion. Throughout that period, the core inflation rate, which excludes food and energy items whose prices can be volatile, remained well below the central bank’s 2% target.
Could this time be different?
According to Mark Thornton, a senior fellow with the Ludwig von Mises Institute in Alabama, the direct cash handouts to ailing businesses and households might start the new money sloshing around the economy sooner than in 2008, when the Fed mostly relied on banks to lend out the funds.
And GSR’s Rosenblum says unforeseen events, such as heightened geopolitical conflict, could push prices higher. Tensions between the U.S. and China escalated in May, with Washington criticizing Beijing’s handling of the coronavirus outbreak as well as its move to curb Hong Kong’s autonomy via a national security bill.
An unexpected choke on “supplies of certain goods (e.g. oil, semiconductors) could cause a surprise rise in inflation,” he wrote. “Even if this rise is temporary and merely a scare, it can be quite damaging.”
One possibility is that the Fed’s new money injections haven’t really found their way into Main Street commerce as much as onto Wall Street – propping up prices for financial assets like stocks and bonds.
The Standard & Poor’s 500 Index of large U.S. stocks has rallied more than 40% from March lows and is about 8% short of challenging record highs seen in February. Other major equity indices, too, have witnessed stellar rallies.
With few signs of rising inflation, then, and traditional financial markets rallying, big investors might have fewer reasons to pour money into a perceived inflation hedge like bitcoin.
GSR’s Rosenblum noted that bitcoin’s value is in hedging against the risk that inflation might eventually pop up: There’s little to worry about right now, but the deep economic dislocations from the coronavirus and ever-shifting geopolitical winds have created ripe conditions for price spikes to emerge.
“It is more about picking the right instrument that would build in a risk premium if inflation expectations rapidly shifted in the future,” Rosenblum said.
BTC: Price: $9,737 (BPI) | 24-Hr High: $9,804| 24-Hr Low: $9,392
Trend: A bitcoin price indicator is about to turn bullish for the first time in 12 months.
The 50-candle moving average (MA) on the three-day chart is on track to cross above the 100-candle MA in the next 24 hours. The resulting bullish crossover would be the first since mid-June 2019 and the third since October 2015.
Last year, bitcoin’s upward move from $4,000 to $9,000, seen in the 2.5-months to mid June, accelerated following the same bull cross. Prices rose as high as $13,800 by the end of the month. Meanwhile, the crossover seen in October 2015 marked the beginning of the mega bull run from $250 to $20,000.
As such, traders may take heart from the impending bull cross, even though it is based on moving averages and is a lagging indicator. Other long-term MA-based indicators like the weekly MACD histogram and the daily chart golden crossover are also painting a bullish picture.
However, the cryptocurrency’s recent failures around the $10,000 mark are indicative of buyer exhaustion.
“Technical analysis comments that until the buyers reclaim $10,500 (February high) resistance as a new support, we would not only not see $11,600-$12,000 supply area tested, but also bitcoin remains at risk of validating bearish rising wedge pattern with target around the $7,600s,” said Adrian Zdunczyk, a chartered market technician and CEO of trading community The BIRB Nest.
While $10,500 is the level to beat for the bulls, last Tuesday’s low of $9,135 is the key support to defend. If breached, bitcoin may see a deeper decline toward $8,600.
At press time, bitcoin is trading largely unchanged on the day near $9,745, having recovered from lows below $9,400 over the weekend.
- Market Wrap: Bitcoin Flat as Stocks Swell on Positive Jobs Report
- Money Reimagined: The Ongoing Crisis Is Stirring a Crypto Awakening in Developing Nations
Bitcoin News Summary – June 22, 2020
Although many expected many Bitcoin miners to drop out following the recent Halving’s reduction of their profits, in reality, Bitcoin’s mining difficulty spiked by nearly 15% recently. Difficulty is a measure of how much hashpower is dedicated to Bitcoin. This is the biggest Difficulty increase in over 2 years.
Nomura, the nearly 100-year-old Japanese bank and financial services firm which is one of the world’s largest investment banks, announced a Bitcoin custody service for institutional investors. Nomura is partnered with Ledger and CoinShares to provide this service, dubbed “Komainu,” meaning “guardian lion.” Bitcoin and Ethereum custody is available and support for other major cryptos is forthcoming.
Thousands of bank accounts owned by crypto traders have been locked down by Chinese police. The move is explained as a crime sweep and accounts will apparently be restored if no evidence of wrongdoing is discovered.
An alleged Bitcoin scam is now targeting residents of Canada. Criminals impersonate government officials and call unsuspecting residents to tell them to deposit money into a “bitcoin machine” to sort out pending fraud allegations against them. There is no circumstance where police will contact individuals requesting Bitcoin.
The CEO of Binance, Changpeng Zhao, highlighted the responsibility that exchanges carry toward their users in relation to anti-addiction notices. This came shortly after a 20-year old tragically took his own life after losing $730,000 investing on Robinhood.
Finally, we want to thank you for helping us reach 100,000 subscribers on our YouTube channel. In order to say thanks we’re holding a massive giveaway of TREZOR hardware wallets. Make sure to check out the link in the description for all of the details.
Before we conclude, this week’s “Bitcoin quick question” is what is a bitcoin hash?
To hash means to convert any string of letters and/or numbers, in any length, into an encrypted output with a fixed length using a sophisticated computer algorithm.
Hashing only works one way.
We can easily take any sentence, or a bitcoin private key, and hash it into a fixed-length text.
However, if we wish to guess what the text was before being hashed, it would be almost impossible.
For example, I can hash the word “99bitcoins” using Bitcoin’s hashing algorithm and receive the following output <you can also try it live here: 0aa51a8507f5ca7f0f46ce7ab1c6d4cfc785b7ef19b6cc804371e1cc02221ea5>
However if I only add the number “1” at the end of the word, it will change entirely, to this <display in the video: 99bitcoins 0aa51a8507f5ca7f0f46ce7ab1c6d4cfc785b7ef19b6cc804371e1cc02221ea5>
The hashing process is the backbone of the bitcoin network.
It is a crucial part of wallet creation, private key generation, and the bitcoin mining process.
Thanks to bitcoin hashes, network participants are able to verify the proof-of-work process conducted by the miners. Therefore, it helps ensure that the blockchain remains immutable and compliant with the consensus rules, and that no double-spending takes place. If you want to learn more about Bitcoin hash, visit the link in the description.
Have a question you want us to answer? Just leave it in the comment section below. And if you want to support our videos, consider using the Brave browser for faster, ad free browsing that can also earn you rewards. Just visit the link in the description below.
That’s what’s happened this week in Bitcoin. See you next week.
Bitcoin Sees Small Gain as Gold Rallies to One-Month High
Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns.
Gold, however, printed a one-month high of $1,759 per ounce early on Monday and was last seen trading near $1,750.
Related: Market Wrap: Bitcoin Hits $9.6K as Bullish Crypto Sentiment Returns
The precious metal looks to be rising as the markets return their focus to the coronavirus pandemic, with the number of new cases rising at a faster pace in Germany, the U.S. and other parts of the world over the past few days. Investors seem worried the major economies may reimpose lockdowns to avoid a second wave of the outbreak, which could worsen an already deep economic crisis.
Some companies like tech giant Apple have already announced temporary store closures in four U.S. states following a jump in COVID-19 cases last week.
Authorities in Australia have extended a state of emergency for four more weeks to July 19. Meanwhile, the uptick in the German infection rate caused by an outbreak among abattoir employees has sparked debate about working condition s in its meat processing industry, as noted by popular macro analyst Holger Zschaepitz.
Hence, it’s perhaps not surprising safe haven assets like gold are drawing bids. A recent study by blockchain analysis firm Chainalysis shows the majority of bitcoin is held by those who treat it as “digital gold,” or an asset to be held for the long term.
Related: Liquidity on Bitcoin Perpetuals Exchange FTX Catches Up to Industry Leader BitMEX
Bitcoin’s uptick seen so far on Monday may bring cheer to those who believe in the safe haven narrative. However, a closer look at the markets suggests the cryptocurrency is tracking S&P 500 futures.
U.S. stock futures, which were down by nearly 1% during the early Asian trading hours, are now reporting a 1% gain.
Further, while gold has gained over 5% in the last two weeks, bitcoin has largely been restricted to a narrow range of $9,000 to $10,000 since the May 11 halving.
As the top cryptocurrency’s rally from the March 13 low of $3,867 looks to have stalled near $10,000, institutional investors are showing temporary exhaustion, according to one analyst.
“On the CME futures, we are seeing some signs that the bulls might be getting tired waiting for a breakout above $10,000. The average daily traded volume is trending down which is not surprising since it follows price volatility. But at the same time open interest is also trending down,” noted Ecoinometrics, a bitcoin analysis company.
As of Friday, futures listed on the Chicago Mercantile Exchange (CME), which is widely considered to be synonymous with institutional activity, registered trading volume of $195 million, down nearly 80% from the high of $914 million observed on May 11, according to crypto derivatives research firm Skew.
In addition, open interest – the number of contracts traded but not squared off by taking offsetting positions – was $394 million Friday, down 26% from the high of $532 million seen on May 19.
While futures activity is slowing down, CME options are reporting record open interest.
Option contracts worth $417 million were open on the CME on Friday, representing a staggering 3,000% rise from the tally of $13 million observed on May 1.
As such, one may argue that institutional interest in bitcoin hasn’t died down but merely shifted instruments.
It remains to be seen if the record open interest on options is rolled over to July expiry contracts following the expiry of June contracts this Friday.
As of this writing, there are 114,000 contracts set for expiry on June 26, according to Skew. If that open interest is not rolled over to July/September, it would confirm what futures activity is suggesting.
“The last two month-end/month-open (end of April/start of May and start of June) both saw large upside moves as stale positions were rolled off and new positions were put on,” Singapore-based QCP Capital noted on its Telegram channel. “We are questioning whether this can be 3 in a row after such a large open interest, comprising mostly upside calls rolls off, or has the short-term institutional bullishness mostly died down.”
Disclosure: The author holds no cryptocurrency at the time of writing.
- Bitcoin Sees Small Gain as Gold Rallies to One-Month High
- Bitcoin Sees Small Gain as Gold Rallies to One-Month High
Author: Omkar Godbole
5 Surprising Facts From Gavin Andresen’s Sworn Deposition
The recently released deposition of Gavin Andresen in the case of Kleiman v. Wright sheds new light on the personalities of Craig Wright, Satoshi Nakamoto, and not least of all, Andresen himself.
In an email to Andresen, Wright apparently admitted to being a fraudster:
“I am a fraud, but I am a fraud that is free to work on what I need to do.”
Perhaps this admission (now in public domain) will make further lawsuits more challenging for Wright.
In a 2016 email to Andresen, Wright claims to have access to some systems, which were allegedly much more powerful than Bitcoin (BTC). According to Wright:
“I have access to systems that transfer more value and transactions a day than the existing BTC network does in a year.”
It’s within the realm of possibility that Wright was already contemplating Bitcoin Satoshi Vision (BSV), but Andresen did not seem to have the answer either.
Discussing Satoshi’s programming ability, Andresen placed the Bitcoin creator in the top 10 percent of the programmers he’s worked with. Andresen also says he belongs there himself.
“Among all the programmers that I’ve interacted with, he’s definitely in the top 10 percent. I’ve known better programmers. I’ve known a lot of worse programmers.”
Clearly demonstrating that he is not lacking in confidence, Andresen stated that he is roughly equal to Satoshi when it comes to coding:
“It depends on what we were programming, but, yeah, roughly equal.”
In a Cointelegraph interview, early Bitcoin developer Laszlo Hanyecz said that Satoshi wanted to hand over Bitcoin to him, but he was not interested in working on the project full time.
When Andresen was asked during his deposition if he was the best possible replacement for Nakamoto, Andresen stated:
“I sure was the best.”
In the spring of 2016, Craig Wright was supposed to move coins from one of the addresses associated with block 9 to Andresen as proof of Wright’s claimed Satoshi identity. Instead, one of Wright’s associates sent an email to Andresen and others, informing them of an apparent suicide attempt:
“All stop. Craig has just tried to injure himself and is bleeding badly in the washroom. Stefan is there with him and Ramona and I am en route. Ambulance is on its way.”
Wright was found injured and subsequently rushed to the hospital.
If you’re feeling desperate or suicidal yourself, call the National Suicide Hotline at 1-800-273-8255.