Freewallet is KIN-Friendly Now

Freewallet props up the Kin swap and adds the coin to its flagship wallet, Freewallet: Crypto Wallet, available on Android, iOS, and web.

Freewallet is one of three wallets that instantly supported Kin’s transition to its own blockchain, based on a special fork from Stellar’s network. After swapping their ERC20 token to a new coin, holders can easily deposit, store, and withdraw the new Kin coin within Freewallet: Crypto Wallet.

Kin provides its users with two different swap options. Kin token hodlers can exchange old tokens on their own on one of the cryptocurrency exchanges, such as HitBTC or LAToken, or send their ERC20s to a third party partner for a 1:1 swap.

After the token is swapped and sent back to Freewallet: Crypto Wallet, Freewallet Kin hodlers will be able to enjoy all the advantages of the Freewallet services, such as:

Fee-free instant transactions within the wallet.
The ability to top up the Kin wallet balance with 100+ cryptocurrencies.
Track the exchange rate of the Kin coin in real time.
A high level of security, including 2FA and Multisig features.
Easy-to-use interface, and many more.

Solomon Brown, Freewallet’s head of PR, states:

“Kin is an example of the perfect development of the utility token. What started as an in-app tool to be exchanged for goods, stickers, and different services within the Kik ecosystem, has become an actual cryptocurrency after the launch of it’s own mainnet. We always aim high when it comes to supporting new cryptocurrencies. We were ahead of the game with the Tron swap last summer, and now we are one of the three wallets that instantly supported the Kin transition”.

About Kin

Kin (KIN) is a cryptocurrency made for a blockchain ecosystem originally built on the Ethereum and Stellar platforms, launched as an ERC20 token after the release of an ICO that raised almost $100,000 in September 2017. Later, KIN was moved off of Ethereum and migrated to their own blockchain, which became a fork of Stellar.

The project was developed by Kik Interactive, a social media company based in Canada. Kik created one of the biggest mobile messengers: Kik Messenger. Now it has over 300 million unique user accounts. The platform has become popular for its bots which can entertain you with funny videos, give make-up tips, and even order food.

About Freewallet

Freewallet develops hosted wallets with built-in exchanges for the web, iOS, and Android devices, capable of holding bitcoin, Ethereum, Litecoin, Dogecoin, Monero, Bytecoin, and more than 100 other cryptocurrencies all in one place. In 2018, Freewallet was listed as the third most popular online wallet for Android. Freewallet’s first mobile cryptocurrency wallet was released for Android in January 2016.

As of 2019, the Freewallet family has grown to include a Crypto Wallet for iOS, Android, and the web, Freewallet Lite Wallet, 9 single-currency wallets for iOS, and 21 single-currency wallets for Android.

Published at Thu, 14 Mar 2019 09:40:31 +0000

April 21, 2017

7 Reasons Why BTC Price is Now Climbing to $1300

bitcoin price now appears to be shrugging off politics that have split the community as it looks to test the critical $1,300 mark yet again.

Key Resistance Level at $1,300

BTC price is again coming within striking distance of the critical $1,300 mark, currently sitting at $1,250 at press time.

Back on March 6, bitcoin set the all-time closing high of $1,277 with a record-high spike of around $1,330 a few days later fueled by ETF hype before crashing more than 25% after the rejection by the Securities and Exchange Commission.

But the world’s first decentralized cryptocurrency has rallied since its March 24 low of $960 when divisive politics and heightened fears of a hard fork put downward pressure on the price.

What’s more, the resurgence also comes at a time when Chinese exchanges have still not resumed their bitcoin withdrawals.

In addition to being up 30% so far in 2017, bitcoin’s market capitalization is now looking to break its all-time high of about $20.6 billion as it climbs towards the critical $1,300 resistance level.

“$1300 is a significant psychological price point,” Civic CEO, Vinny Lingham, wrote back in February. “This is the point that arguably no one who had previously bought coins during the last ‘bubble’ is under water.”

7 Positive Trends Driving BTC Price

With Litecoin coming closer to SegWit activation, many hope that the ‘silver to bitcoin’s gold’ will become a testbed for this promising technology. This has made Litecoin price rise significantly in recent weeks while also raising hopes for SegWit activation on bitcoin while allaying fears of a contentious hardfork.

However, this is only one positive factor in what has been a string of good news for bitcoin in recent weeks.

First, Japanese businesses and several major retailers already seem enthusiastic about experimenting with bitcoin payments following their legalization in the country on April 1st.

Second, bitcoin adoption appears to be growing everywhere in the world from P2P trading to remittances to the amount of people actually using it for payments, according to a recent Cambridge University study, which noted:

[T]he number of people using cryptocurrency today has seen significant growth and rivals the population of small countries.

Third, following increasing regulatory clarity from China, Russia may also be planning to ‘legalize’ bitcoin by as early as 2018. Meanwhile, another major economy, India, is seeing major growth with people increasingly using bitcoin as a store-of-value and for online purchases in the wake of the demonetization disaster.

Fourth, the traditional global banking system including SWIFT appears to be under constant attack from hackers, not to mention the NSA. As a rule, any weakness and uncertainty in the traditional financial spells good for a potentially better alternative that’s more secure due to its decentralized, pseudonymous natures and immutability aspect.

Fifth, major companies such as Microsoft are beginning to actually use the bitcoin blockchain for other things besides money such as record time-stamping and document verification. This could introduce more use cases for the bitcoin network, boosting its development, growth, and overall value as a result.

Bitfinex Sticking Out Like a Sore Thumb

Another major factor in the upward pressure on BTC price is bitcoin exchange Bitfinex, which seems to be experiencing problems on the fiat side due to recent complications with partner banks. There also seem to be problems with liquidating the USDT (Tether) cryptocurrency token that replaces the USD currency on the Poloniex exchange.

A perfect storm may be forming on Bitfinex. ~half of all BTC in custody are borrowed (sold for fiat / another crypto). If bitcoin goes up…

— Alistair Milne (@alistairmilne) April 21, 2017

//platform.twitter.com/widgets.js

Therefore, it comes as no surprise that bitcoin on Bitfinex is trading at nearly $1,330 or $80 above market price as traders seek safety. Of course, the solvency of the Bitfinex exchange is also coming increasingly under question despite official statements to the contrary.

[Editor’s note: It remains to be seen whether this is a positive or a negative factor for the BTC price in the short term. However, shaking out insolvent businesses should be a healthy step for the bitcoin economy moving forward.]

In any case, bitcoin should continue to chug along as its overall growth since 2014 has made it more resilient and much more capable of withstanding another ‘Mt.Gox’ scenario if it arises.

Will bitcoin finally break the $1300 psychological barrier? Share your thoughts below!

Images courtesy of coinmarketcap.com, shutterstock

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