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In the Daily: Amun Funding Round, Coinsource TwoWay ATM, Etoro Wallet

In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet

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A report published by Electric Capital has estimated that the number of developers working on public cryptocurrencies has doubled since January 2018. The research found that Ethereum has the largest development team of all established crypto assets, with 216 developers contributing to its codebase each month on average.Also Read: EY Executive Says Bitcoin Has No Practical Use in IndiaThe report’s authors indexed more than 21,000 code repos, analyzed 16 million commits, and examined 130,000 developers across approximately 3,000 crypto assets to identify the scale of development regularly taking place among prominent cryptocurrencies.Electric Capital highlights that the study ignores “commits from integrating open source libraries,” “projects built on Ethereum,” and “code and developer activity from merging changes from the original, forked codebase” with regards to forked cryptocurrencies.”Active Development for Most Bitcoin Forks EvaporatesThe report also notes that its findings comprise an under-representation of total development occurring within the sector, as “some of the biggest repos are private, not yet shipped, or not a coin.”The analysis found that the number of developers contributing to public cryptocurrencies has doubled in approximately two years, with the number of monthly developers growing from 2,190 in Jan. 2017 to 4,352 today.However, the report shows that the cryptocurrency bear trend has had a slight cooling effect on active development, with monthly active developers falling by 4 percent since the markets’ peak during Jan. 2018. The analysis estimates that more than 4,000 developers currently contribute to approximately 2,800 public on a monthly basis.The report finds that forks of the Bitcoin protocol have seen among the greatest recession in active development.Active Development for Most Bitcoin Forks EvaporatesDuring the last 12 months, monthly Litecoin development fell from 40 to three developers, while Bitcoin Diamond and Bitcoin Gold have both had less than five active developers each month since Oct. 2018.Dogecoin has had no active developers working on its code for five of the last 10 months.When looking at the number of developers contributing to core protocol, Ethereum has the most active development with 99 active developers contributing to the protocol on a monthly basis. BTC ranks second with 47 core protocol developers per month, followed by Cardano and Status.Active Development for Most Bitcoin Forks EvaporatesWhen analyzing contributions to total code, Ethereum again leads with 216 active developers per month. BTC has the fourth most active development when looking at the total code, with 51 active developers each month, following Cardano and Status.Are your surprised by the recession in development that has taken place since Jan. 2018? Share your thoughts in the comments section below!Images courtesy of ShutterstockAt Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. 27-year-old Sam Karagiozis has been named as the individual arrested on March 7 following raids carried out by the Australian… read more. In a recent interview with Cash, renowned stock market analyst and investor Marc Faber revealed that he purchased BTC for… read more. Samuel Haig is a journalist who has been completely obsessed with bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, where he attended the University of Tasmania and majored in Political Science, and Journalism, Media & Communications. Samuel has written about the dialectics of decentralization, and is also a musician and kangaroo riding enthusiast.
In this edition of The Daily we cover a funding round by a Swiss startup that lists crypto instruments on the SIX exchange, an expansion of the Coinsource ATM network using a new business practice, and a new feature added to the Etoro wallet.
Also Read: Online Bank Swissquote to Add Crypto Custodial ServicesSwiss crypto asset investments startup Amun AG has announced it has completed its first funding round. The round raised $4 million for Amun, and brought on board a number of known industry figures including Adam Draper, founder of Boost VC, Graham Tuckwell, founder of ETFS Capital, and Greg Kidd, co-founder of Hard Yaka. The round also saw participation of four family offices from the U.S., Switzerland and the Middle East.In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro WalletAmun is a platform for creating crypto indices and issuing crypto products, in addition to listing, settling, and custody of physically-backed crypto products on public exchanges. Last year it listed an instrument on the Swiss SIX Exchange called HODL, which is a physically backed exchange-traded product (ETP) based on five popular cryptocurrencies (BTC, ETH, BCH, XRP and LTC).Hany Rashwan, the CEO of Amun, explained that the company plans on using the newly raised funds to keep investing in technical infrastructure, to launch additional crypto-tracking exchange-traded products across multiple geographies, and to help others bring crypto assets to the public markets.Coinsource, the Texas-based cryptocurrency ATM network, has reached a partnership with data security company Halo Privacy, expanding its existing network with a two-way (buy and sell) machine in Durham, North Carolina. The partnership makes Halo Privacy the first company to license the ATM network’s technology and operate one of its machines. Sheffield Clark, the CEO of Coinsource, stated that in entering this new stage of business practice the company remains committed to expanding its service to all of the U.S. and eventually reaching international markets.Jamie Marden, director at Halo Privacy, explained: “Partnering with Coinsource to develop BTM networks is a core part of our strategy in the space and they have been outstanding counterparts. We plan to roll out to new markets over the course of 2019 and are excited be contributing to the still nascent cryptocurrency industry.”Holder of a New York state Bitlicense, Coinsource already operates over 200 kiosks in more than 20 American jurisdictions.Etorox, the digital asset subsidiary of social investment platform Etoro, has announced that users of its wallet can now buy cryptocurrencies with fiat directly within the wallet app. All crypto assets available in the wallet (BTC, ETH, BCH, LTC and XRP) can be purchased directly in the app using a credit or debit card (Visa, including Visa Electron and Visa Plus, Mastercard, Maestro and Cirrus).In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro WalletTo enable this new functionality, Etorox has partnered with Simplex, a licensed financial institution that combines payments processing with fraud prevention technology. Founded in 2014, Simplex is headquartered in Israel, with subsidiaries in the U.K., U.S., and Lithuania. The service processes credit card payments for some of the largest crypto exchanges, wallets, and platforms around the world.If the service is still not available in your location, the company explains that the Etoro wallet is a new product that is being rolled out on a phased basis both in terms of geographic reach and functionality. Additionally, at present purchases can be made only in euros or pounds sterling.What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock.Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. In Wednesday’s installment of The Daily, we examine the trailer for Crypto, the new Kurt Russell movie that ticks off… read more. In this edition of The Daily we cover the latest protocol upgrade to privacy coin monero (XMR), a new feature… read more. Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.

Source from : News.bitcoin
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