Kirobo, a blockchain company with a mission to simplify cryptocurrency management, has launched its new ‘Atomic Safe Swap’ service; enabling peer-to-peer (P2P) token swaps without the risk of human error and without the need for an exchange or custodial third party.

Comprising a logic layer built on the Ethereum blockchain, the solution facilitates simultaneous token swaps with a smart contract; while securing transactions with a proprietary authentication mechanism.

How Does It Work?

‘Atomic Safe Swap’ guarantees that swap transactions are simultaneous and secure with a unique authentication key; the component parts of which are divided between the initiator of the transaction, the Kirobo server, and the smart contract. This nullifies the risk of any kind of breach.

Funds do not leave the custody of either party until both have authorized the transaction and the passcode has been entered, and Kirobo’s ‘Undo Button’ solution can be used by the first party to cancel the trade, up until the secondary party inputs the correct passcode. Thus, Kirobo Atomic Safe Swap combines the benefits of decentralization with the security provided by a neutral body.

Solution

The swap market is a vital component of the cryptocurrency ecosystem, facilitating altcoin adoption and strategic investment. However, the process can be complex, unsafe, and expensive.

Before, users had no choice but to use an exchange, where fees and market fluctuations affect the trade, or an OTC 3rd party, where the swappers must briefly surrender custody of assets. Kirobo Atomic Safe Swap is a solution to this problem; enabling users to transact directly while setting their own token prices.

“Korobo’s mission is to make cryptocurrency safe to use for everyone, no matter how experienced they are with these assets. Atomic Safe Swap will help us move towards that goal. The tool takes the complexity and suspicion out of the trading process while offering lower transaction fees. We fully expect to dramatically stimulate the cryptocurrency ecosystem for years to come.”
– Asaf Naim, CEO of Kirobo

Aiming to make cryptocurrency an everyday tool that everyone can use with confidence. Kirobo develops user-friendly products that remove the risk of human error and fraud from crypto transactions; making crypto management as safe as can be. Kirobo is the recipient of two grants from the Israeli Innovation Authority — the only blockchain technology company to achieve this.

A prominent crypto strategist and trader predicts that Bitcoin is about to enter a parabolic second phase of the bull market and that something similar could be in store for Ethereum.

Widely followed crypto analyst Kaleo tells his 338,900 followers that the second chapter of Bitcoin’s bull run will push BTC well above six figures.

“Bitcoin/BTC

Even better.”

Kaleo’s prediction of Bitcoin’s parabolic rise to $200,000 follows the script of BTC’s 2017 bull market where the leading cryptocurrency rose from just $2,000 to $20,000 in a span of five months.

“Bitcoin/BTC

Something like this.”

Kaleo’s prediction comes as Bitcoin abruptly rallied from a low of $29,360 to a high of $40,499 in less than seven days. Although the leading crypto asset has managed to put together six consecutive green candles on the daily chart, Kaleo issues a warning to traders who are planning to use leverage to catch up.

“I’m sharing this because I have a feeling there are a bunch of late bulls that have extreme FOMO (fear of missing out) atm (at the moment) and are trying to overleverage to compensate. Just be patient and continue to stack. BTC is going to $100,000+ either way. Don’t let greed knock you down right before it happens.”

Looking at Ethereum (ETH), the crypto trader believes the leading smart contract platform is now poised to restart its bullish trend.

“Ethereum/ETH The bottom is in.”

Last week, when Ethereum was trading at $1,870, Kaleo said the leading smart contract platform could be mirroring its 2017 price action when ETH meteorically rose from $200 to its 2018 high of $1,440. According to Kaleo, he sees Ethereum igniting a similar rally en route to a new all-time high of $18,000 by July 2022.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The ARK Innovation ETF has reduced its exposure to just 0.32% of its $23 billion in assets invested in Chinese companies, compared to 8% in February.

The ARK Next Generation Internet ETF still has about 3.8% invested in Chinese stocks, but that’s down from 9% earlier this year.

At the same time, Ark Invest has been buying bitcoin. The ARK Cryptocurrency U.S. Fund LLC bought $20 million in May.

Last week, the ARX Next Generation ETF bought 140,157 Grayscale shares (GBTC), just a day after buying 310,000 such shares, bringing it to a total of $11 million at the current price.

They have also bought close to a million (876,157) Coinbase shares worth more than $200 million at the current trading price, in addition to $88.74 million of Twitter shares after Jack Dorsey said bitcoin will be a “big part” of the social media company’s future.

Whether other investors will follow out of China and into bitcoin remains to be seen, but there is an estimated one trillion dollars on the move looking for new investment as the Chinese stocks sell-off deepens.