Binance Launching Fiat-to-Bitcoin Exchange in Singapore

Australia to become first crypto-friendly IPO by accepting Tether

Australia to become first crypto-friendly IPO by accepting Tether
An Aussie organization working a hydroponics ranch in Malaysia is directing the principal first sale of stock to acknowledge crypto resources in Australia.
https://preview.redd.it/b9esxf8nx7x51.jpg?width=700&format=pjpg&auto=webp&s=f5fa096179a32647bd3f7e685c7d697e3428689a
Australia's crypto-accommodating capital-raising stage Stax has declared its customer West Coast Aquaculture Group, or WCA will direct the nation's first sale of stock that acknowledges virtual cash as installment.
Speculators taking an interest in WCA's contribution can buy value in the organization utilizing Tether (USDT) or Australian dollars. USDT was picked over Bitcoin (BTC) and Ether (ETH) because of its value dependability.
Stax CEO Kenny Lee underlined that stablecoins offer the advantages of cryptographic money without the instability of other computerized resources:
“The acceptance of USDT in an IPO is a transformative move in Australia and a significant step forward for cryptocurrency adoption in general. It paves the way for the future of capital markets down under.”
Lee noted Stax is thinking about help for extra stablecoins in the future.
WCA works a huge marine ranch in Langkawi, Malaysia, where it essentially creates new Grouper fish for discount and retail clients in Singapore, Hong Kong, and Malaysia. The capital raised will be utilized for asset extensions including the acquisition of a new incubation centre and nursery offices.
WCA is offering between 10 million and 14 million offers at $0.50 each, speaking to somewhere in the range of 8.78% and 11.87% of the complete access. The base objective is $5 million.
After the raise, WCA's arrangements for its offers to drift on the Sydney Stock Exchange, with the offers expected to start exchanging close to Nov. 19
SSX CEO Michael Go commended Stax for encouraging a capital raise supporting USDT, expressing:
“This is a first, and historic development in the Australian market which will dictate the future of capital raising, particularly for growth companies.”
More information about PrivateX: www.privatex.io
PrivateX is a private wallet for sending, receiving, and storing your Bitcoin and Ethereum.
If you are interested in services, contact us [[email protected]](mailto:[email protected])
#australia #tether #ipo #privatex #buybitcoin24 #binance #huobiglobal #kraken #crypto #bitcoin #consulting24 #buybitcoin #buybitcoinnow #blockchain #startacompanyinestonia #companyinestonia #estonia #cryptoexchanges #privatexcoin
submitted by privatex-wallet to u/privatex-wallet [link] [comments]

Meet the YFDAI Team!

Meet the YFDAI Team!

https://preview.redd.it/yq470s2kmcu51.png?width=1280&format=png&auto=webp&s=4c04f1499dca093a4550beb19ae8c7626326959e
Over the course of mere months, the DeFi space has grown to the tune of billions in 2020. While DeFi has earned its title as the next hottest crypto trend, its popularity has shown to be a double-edged sword. Reports of scams and “rug pulls” have volleyed into crypto news outlets, social media, and discussion groups, damaging the reputation of the DeFi space.
DeFi is unique in that the tenets of trust and decentralization has normalized the practice of anonymity to the point where nearly every single DeFi team launches anonymously. While the freedom to create DeFi tools does support the notion that anyone should be able to create an honest financial protocol for the goodwill of the people, the opposite effect often occurs. If the past few months has proven anything, it’s that the normalization of anonymity has acted as both the greatest weapon and the greatest defence for fraudulent actors and dishonest entities. Because of this, DeFi is often seen as a free-for-all minefield as countless exit scams and “rugpulls” have become the norm. Having this as an accepted vice of DeFi shouldn’t mean investors should normalize risk of losses. It should inspire projects to set a higher standard in the DeFi space.
We are excited to announce that the YFDAI team has taken the tenets of decentralized finance and expanded on them. As a DeFi protocol, we champion decentralization and the collective action of the community to pave the road towards true transparency and security for all. After countless hours of legal counseling, we’re proud to announce that we will be among the very few DeFi projects to go public and among the first to set a new precedent for the DeFi space.
Say hello to the YFDAI team.
Meet Pritha Paul (Olivia) — Chief Strategic — Volunteer

https://preview.redd.it/jqqax671lcu51.jpg?width=357&format=pjpg&auto=webp&s=66703ab44c96cea71df47178627e586a8d70a1e5
Olivia is both a software engineer and a Businesswoman. Having been an avid fan of blockchain and trader of cryptocurrencies, Olivia felt the need to contribute her expertise to the cryptocurrency space. This desire prompted her to create YFDAI, one of DeFi’s most secure and trusted protocols. Seeing the cryptocurrency space as a professional programmer, Olivia knows the importance of making a clean and secure DeFi protocol.
With the rate of fraudulent projects ascending contemporaneously with the rise of DeFi, Olivia knew it was crucial to have a trusted and well-secured protocol that can guide as an example for other projects to follow. Along with this idea, Olivia felt that for DeFi to reach its highest potential, there needed to be an ecosystem that protects investors and supports DeFi projects looking to bring real value to the space. With this in mind, Olivia came up with YFDAI’s signature SafeSwap and LaunchPad platforms.
Olivia has a number of qualifications and holds a bachelor’s in Computer Applications. Some of her advanced programming languages include: C, C++, JAVA, Python, Oracle.
https://www.linkedin.com/in/pritha-paul-olivia-a576b71b9/
Meet Tapas Paul (Rocky) — Lead Dev — Volunteer

https://preview.redd.it/otog4vkclcu51.jpg?width=357&format=pjpg&auto=webp&s=c668d0b6ac5573757030a609ed563ee49d734ac7
Doubling as a software developer and website designer, Tapas carries ample experience in web development and design. Having been familiar with cryptocurrencies for years, his initial descent into the space came in the golden year of 2017. Since then, Tapas has been engaged in crypto and felt the need to create a truly honest and secure DeFi platform together with Pritha. Tapas’s vast expertise in web development and blockchain gives YFDAI an edge in becoming one of the top DeFi protocols in the space.
Tapas has a diverse range of tech experience that range from creating web applications and front-end designs for various startups to working as a senior blockchain developer for distributed solidity systems for complicated DAPPs. Since then, Tapas has provided Ethereum and TRON consulting to multiple blockchain startups entering the space.
Some of Tapas expertise and advanced programming languages include- Solidity, Web3 TronWeb, JavaScript, MongoDB, ExpressJS, ReactJS Node.JS React Native, HTML5, CSS3, Distributed Ledger Technology , Ethereum and TRON DAPPs, Authentication systems, Real Time Web Apps.
https://www.linkedin.com/in/tapas-paul-rocky-4609781b2/
Meet Ankit Ruthala (Thore) — Chief Business Development — Volunteer

https://preview.redd.it/0b7vqesglcu51.jpg?width=357&format=pjpg&auto=webp&s=f5aaaaf903753cd2373b0bc32d924f8729bbcb41
Thore carries a Bachelor’s in Mechanical Engineering with fundamental engineering and dynamics experience. He has extensive background experience in both engineering and blockchain development. With the ever-increasing level of innovation that is occurring in the blockchain and cryptocurrency space, Thore felt the need to contribute his own knowledge and expertise to the field. Thore’s extensive experience in the field is projected into the YFDAI project with the end-user in mind. Being proficient in both blockchain literacy and technical analyses, Thore understands the cryptocurrency space from both a developer and investor perspective.
https://www.linkedin.com/in/ankit-runthala-752a4785
Meet Wesley — Security Consultant — Volunteer

https://preview.redd.it/d4738ojklcu51.jpg?width=357&format=pjpg&auto=webp&s=c98608b8f71087285cf14e7bd8be2d8125c978d6
Wesley specializes in Infrastructure and security management with a background in economics. Having been involved in the cryptocurrency scene for over three years, Wesley has had ample exposure to the world of blockchain and cryptocurrencies. Since 2017, Wesley has worked as an agent for BTC Direct and in Binance community management.
https://www.linkedin.com/in/wesley-thijssen-223813134/
Meet Cristian- Graphic Designer — Volunteer

https://preview.redd.it/nb91hb6qlcu51.jpg?width=357&format=pjpg&auto=webp&s=256969502f4223b56a9f615e6445a6340660a68b
Despite his previous work experience as a computer programmer, Cristian found his niche excelling in graphic design and maximizing brand identity. After winning over 400 graphic design competitions, Cristian now works as a dedicated graphic designer. Living by the mantra of “every profession is an act of service”, Cristian’s passion is manifested through his works in design, brand awareness, and customer satisfaction.
https://99designs.com/profiles/oakbrand
Meet Cris Content Writer — Volunteer

https://preview.redd.it/y6fgolqulcu51.jpg?width=357&format=pjpg&auto=webp&s=46f981373a8b011cf570bf50ef46b5e87b395c4e
Cris first began his cryptocurrency journey in the summer of 2017. Since then, he has been obsessed with everything cryptocurrency and blockchain related. After being featured on a series of cryptocurrency publications on Medium, Cris found his way into writing and managing a variety of cryptocurrency startups. Cris now continues pursuing his passion in cryptocurrency while balancing life as a university student.
https://www.linkedin.com/m/in/cris-montoya-1738b61b9-Cris/
Meet Christof Waton — Business Development Consultant — Volunteer

https://preview.redd.it/2r3vb6u1mcu51.jpg?width=357&format=pjpg&auto=webp&s=ca5a3c009dd7a32211bb2c141c13f6ccddeb04a2
Christof currently holds a bachelor’s in data communication and is currently completing his masters in Digital Currencies. His initial descent into cryptocurrencies came when he first bought Bitcoin in 2014. Since then, Christof has led his professional career in a variety of fields in and out of the crypto space. Within the crypto space, Christof has held positions as chief business development officer for both ExMarkets and CoinMargin. Outside of the crypto space Christof led as a consultant for both Dubai Hills Fund and Verifo, an e-money institution. After years of experience in both the financial and crypto industry, Christof has experienced cryptocurrency through the lens of a professional, investor, and an enthusiast.
https://www.linkedin.com/in/watonchristof/
Meet Philip Dow — Head Advisor — Volunteer

https://preview.redd.it/a7yu2nd5mcu51.jpg?width=357&format=pjpg&auto=webp&s=cd00c47f55530afb4570808168a26d88c3cf7529
Phil operates as a strategic executive with a high-level background in project management, business development, and marketing. Phil first brought his expertise to the cryptocurrency field in 2016. Phil carries a wealth of knowledge as his years in crypto garnered him key connections with a variety of different cryptocurrency partners ranging from, developers, project CEOs, and marketing.
For the past 4 years Phil has brought coverage to a multitude of different blockchain companies, each offering unique expertise and applications in a wide variety of fields.
https://www.linkedin.com/in/philipdow55/
Now that the team identities have been released this dispels the “Elephant in the room”. The fact that the team chose to become non-anon opens up many doors that would otherwise be closed. The specifics of those opportunities will be made clear in the upcoming whitepaper and future announcements.
Even though the names and faces of the founders behind the project have been revealed, please note that there are many people who are working on the YFDAI project on a contractual basis and volunteer basis who have not been included in the disclosure. There are experts and advisors in the fields of business development, economics, law, and other areas vital to any business that play a major role in the success of YFDAI and who share the vision of the founders to clean up the DeFi space and offer a safe, reliable, and secure suite of DeFi products to the public.
While the team behind a crypto project is vital, the ultimate success of any DeFi project relies on the technology, the code, and the community. YFDAI’s technology and code have been designed to be bulletproof in order to maximize the safety and security for the end user. In the not too distant future, YFDAI’s business model envisions the everyday decisions to ultimately be made by you, the community, by way of the DAO as governance is turned over to the token holders.
To ensure we are operating as securely and compliantly as possible YFDAI has been incorporated as a Technology business in Singapore:
Company Name — Tejster Technologies PTE. LTD. Registration No — 202031933C Address — 50,Raffles Place,#37–00,Singapore Land Tower, Singapore (048623)
To finalise the compliance aspect YFDAI is in the process of obtaining full Financial Services regulation by means of receiving compliance and registration in the Republic of Estonia.
This will be a two stage process with an initial Virtual Currency Exchange and E-Wallet licence currently being sought. YDFAI’s legal representatives have moved this to an advanced stage and expect this to be finalized in Q4 2020. It is at this point that the team shall resume their full job titles and the term “Volunteer” will no longer be required.
The licenses will open up a plethora of opportunities which will be fully detailed in our soon to be released whitepaper and will also provide YFDAI with a level of accreditation that will provide users with full peace of mind.
Once YFDAI secures the Financial Services accreditation listed above, YFDAI will have full insurance coverage of the project’s financial holdings and transactions, including project wallets and user funds.
Thank you for your support and we look forward to setting a new standard of self regulation that will revolutionize the DeFI arena and level the playing field for all participants while minimizing the fraud and desecration of the bad actors who have infiltrated the DeFi space.
- YFDAI Team
Visit us on our website and chat with us on Telegram!
Website: https://www.yfdai.finance
Telegram Community: https://t.me/yfdaifinance
Telegram Announcements: https://t.me/yfdai
Linkedin: https://www.linkedin.com/company/yfdai-finance
submitted by YFDAIFinance to u/YFDAIFinance [link] [comments]

Binance and Swipe Partner to Bridge Crypto and Commerce, Announces Acquisition

Binance and Swipe Partner to Bridge Crypto and Commerce, Announces Acquisition

https://preview.redd.it/ngofchh33f951.jpg?width=800&format=pjpg&auto=webp&s=5b87488903cf927abb0cff3431e5a9c083adb0c9
MANILA — July 7, 2020 — Binance, the global blockchain company behind the world’s largest digital asset exchange, today announced the completion of its acquisition of Swipe, the industry’s leading multi-asset digital wallet and Visa debit card platform that allows users to buy, sell, convert and spend cryptocurrencies, for an undisclosed amount. The two companies will work together to further mainstream adoption of cryptocurrencies by bridging the gap between fiat and digital assets, notably payments and purchases in cryptocurrency through traditional financial systems.
“To achieve our mission of making crypto more accessible to the masses, off-ramps are a key component as well. By giving users the ability to convert and spend crypto directly, and have merchants still seamlessly accept fiat, this will make the crypto experience much better for everyone,” said Binance CEO Changpeng Zhao (CZ). “Swipe’s exceptional team has made great strides in furthering this mission and has been instrumental in the industry for bridging the gap between commerce and crypto. The Swipe Wallet alone is unique which acts as a digital bank account for its users, providing access to traditional banking services. We are thrilled to work with a team that shares the same core values and looking forward to our larger efforts ahead.”
“Swipe’s goal is to further synchronize crypto with fiat currency-based transactions,” said Swipe CEO Joselito Lizarondo. “Partnering with Binance, given their world-recognized track record and user base, alongside a team that constantly executes, will place Swipe in the position to make cryptocurrencies more accessible for millions of users worldwide. We are excited to work with Binance to continue innovating in this crypto-banking space to further build towards mass adoption on our current and future product lines.”
Swipe has listed BNB on its platform, making BNB spendable to Euros at over 50 million locations worldwide through the Swipe Visa Debit Card. Swipe’s token, SXP, was also listed on Binance.com today, making it available for Binance and Swipe users to easily buy and use on its respective platforms. Additional plans from the partnership between Binance and Swipe will be announced at a later date.
The Swipe platform currently supports a wide range of digital assets that enable them to remain in their native form until a point-of-sale/transaction occurs. The selected digital asset is then converted to fiat currencies passed through the Visa payment rails, making cryptocurrencies instantly spendable in more than 50 million locations around the world with just a tap of a few buttons and a “swipe” of a card. Cardholders can also enjoy up to 4% cashback in Bitcoin on every purchase as well as discounted fees by using SXP on the Swipe platform.
Swipe is currently available in 31 countries within the European Economic Area and issued by Contis Financial who is a Visa Europe Principal Member.
---
About Swipe
Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit: https://swipe.io
About Binance
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com
Media Contacts
Binance: [[email protected]](mailto:[email protected])
Swipe: [[email protected]](mailto:[email protected])
submitted by SwipeWallet to Swipe_io [link] [comments]

New Email from Richard Ells

Hi Everyone!
Well, the last few months have certainly been busy here at Electroneum! I’m sure lots of you have been following our updates on the forum and on social media closely, but we’re delighted to bring you even more great news about what’s happening now and over the next few weeks.
1. We need YOUR help in the BINANCE Community Coin Vote!
2. You can now buy mobile minutes and data top up with ETN in over 140 countries
3. We’ve launched in another huge exchange!
4. AnyTask is now LIVE for all sellers and buyers after fantastic initial success
5. The M1 phone is a hit in Cambodia
1. We’ve been asked by a number of people in our community when we will list on Binance…
Now is the time that you can HELP us achieve a Binance listing by showing them the power of our community! If you can please reply to this Twitter thread with u/Electroneum #ETN you will be helping get us listed on the most popular exchange in the world!
https://twitter.com/binance/status/1231923438534574084
It would be amazing if you could take a few moments of your time to Tweet a reply to vote for ETN to be listed.
2. Electroneum has expanded mobile top up to over 140 countries
In yet another great step towards changing the lives of millions of people, Electroneum has expanded in-app mobile phone airtime and data top-up to over 140 countries reaching nearly 4 billion mobile phone users!
The rollout is following a successful trial
You may know that we’ve been trialling ETN to airtime top up in countries such as South Africa, Turkey, Brazil, Uganda, Tanzania, and Nigeria. Well, following a fantastic initial test period, we’ve rolled it out around the world to a huge list of countries.
We now offer Electroneum users the opportunity to top up using their ETN from a list of 600 major MNOs and MVNOs (mobile virtual network operators). These include almost every large network operator you’ve ever heard of.
This is going to be even more exciting as users continue to earn ETN through AnyTask.com and we give them even more ways to spend. If you haven’t already…There’s now a really good reason to list a task on AnyTask.com.
Meanwhile to top up your airtime and data, simply log into your Electroneum app and select your country from the ‘Top Up’ menu. Don’t forget to let us know what you think in the community forum! Even more countries will be added later!
3. Electroneum is now live on the Biki exchange
We’ve added another fantastic exchange to our list, with Singapore-based Biki! Biki.com opened for deposits at 18:00 GMT +8 on Wednesday, 19 February and trading opens today (25th February) at the same time.
Biki is the fastest growing exchange in the world and we’re one of the fastest growing cryptocurrencies. With AnyTask.com allowing users across the world to earn ETN, relationships with key exchanges like Biki allows an easy way for people and companies to trade that ETN for other cryptocurrencies such as Bitcoin.
The new listing will also be great for increasing awareness of Electroneum to new users in Asia, as well as supporting our joint ongoing commitment to encourage adoption of cryptocurrency around the world.
Biki ETN competition
To celebrate them adding ETN to their awesome exchange, the fabulous team at Biki will be running an exciting giveaway of 5,000,000 ETN in a trading contest. From today at 18:00 GMT +8, users with the highest ETN trading volume will share 5,000,000 ETN in proportion to their total transaction volume. Visit Biki.com for more information.
4. AnyTask Platform Update
As you’ll remember from my last community update, AnyTask.com, the freelancer platform powered by ETN, went live with invited sellers last month and since then, it has gone from strength to strength.
We now have over 100,000 users signed up to the platform. In addition over 1,000 users have successfully listed a task. Some have even seen multiple purchases of their tasks already!
With the success so far, we can now clearly demonstrate the real world use case for ETN and how it can help a huge number of people. They don’t need to have a bank account to reach customers across the world and get paid in ETN for their amazing skills, from social posting, photo editing, logo design, tarot card reading, online teaching, animation and more.
If you have a digital skill, come and sell it on AnyTask.com!
We’ve already seen a great response from our invited sellers, with more and more buyers getting involved in a fairer freelance platform. Now, ahead of schedule, we’ve opened the platform to sellers across to the entire world, so if you have a digital skill, sign up at AnyTask.com and start earning ETN now.
It’s simple, create a profile and list a task, telling us what you’re great at and how much you’d like to be paid. Once we’ve verified your listing, it will be available to buyers from anywhere to request your services and what’s great is there are no seller-fees! Even better, we’ll pay you in ETN, so no longer will not having a bank account mean you can’t be part of the global digital economy!
We are DISRUPTING an already DISRUPTIVE industry! We’ve seen great feedback for sellers offering skills for just one dollar! A fifth of the lowest price on Fiverr. As buyers find this new marketplace, we open earning opportunities all over the world to people who very often earn less than 100 dollars per month.
Our buyer ad campaigns have started
As promised when we started to recruit sellers, we had a beautiful campaign of social and digital advertising lined up, ready to launch, when we had enough tasks listed. These ads are now launched, with some great feedback from our community and fans. You can check out some of our great ads here, and as always, we’d love to hear from our community on any other great ideas for ads that they have. You never know, your idea could come to life in our next campaign.
These ads are helping us to drive hundreds of buyers to AnyTask.com, which means more tasks sold and more ETN earned by our sellers! We will be ramping this to thousands and then tens of thousands!
Showcase your AnyTask skills on video and earn up to 150 US Dollars in ETN!
We want to let our seller’s skills speak for themselves to attract buyers, and what better way to do that than by getting our sellers to create their own videos demonstrating their task?
Not only does this make your profile stand out, as videos attract even more attention, but you could also earn up to 150 US Dollars in ETN. If you’re one of the first 1,000 videos uploaded, we’ll rate your video and reward you with up to 50 US Dollars in ETN. Each user can upload up to three videos to get to that awesome 150 ETN bonus! Check out our community forum post to see what we’re looking for.
5. Electroneum M1 smartphone flies off the shelves in Cambodia
The Electroneum M1 phone was created specifically for users in developing regions. It’s a great, affordable Android phone with features users actually need! And more importantly, straight out of the box, users can enjoy ETN Rewards, so it’s a phone that pays you back.
Now, thanks to our agreement with Cambodia’s fastest-growing MNO, Cellcard, we’ve been able to get the M1 phone into the hands of hundreds of new users across the country, who for many, especially in rural areas, are moving from feature phones to entry-level smart phones. In fact, the handset has been such a hit with users in Cambodia, the first crypto phone manufactured by a blockchain startup has flown off the shelves. The Cellcard and Electroneum collaboration agreement is the first-ever between an MNO and a cryptocurrency and we’re excited to work with such a fantastic company that cares passionately about its users, just like us.
Thank you for taking the time to read this announcement and being part of Electroneum.
Have a great week everyone!

Richard Ells

Founder & CEO, Electroneum
submitted by xterest27 to Electroneum [link] [comments]

Weekly Wrap 17/04

Market News
The economic impact of the global lockdown continues to be felt around the world. A further 5.2 million Americans filed for unemployment, according to the US Labour Department, taking the total to just over 22 million for the month and wiping out a decade of employment gains.
Bitcoin dropped to a two week low as the price neared $6400, with many speculating that it would breach the $6,000 level. However, bears were left disappointed as Bitcoin surged and almost reached $7,200. We will be watching the price for an upside break to $7,400. As expected, due to their high correlations other cryptoassets followed suit, with Ethereum, Chainlink and Binance Coin staging strong rebounds.
The price of gold reached a 7-year high as the price peaked to over $1,740 before falling again to the $1,680 region. The sharp pullback in prices came as the dollar was firmly higher, providing some resistance to the asset’s recent climb. Bulls’ next upside price objective will be a close in June futures above the solid resistance level of $1,750. Meanwhile, the price of oil continues to face severe pressure. Crude oil once again found itself beneath the $20 level, which placed additional stress on the stock market.
The S&P 500, which gained more than 12% last week, has shown relative inconsistency as prices surged and fell throughout this week. Markets closed on Thursday partially higher than the week prior. U.S. futures on Friday will be heavily influenced by President Trump’s announcement as he details plans to reopen the U.S. economy.
Industry News
Other News
submitted by Camaa to InvictusCapital [link] [comments]

Weekly Wrap 17/04

Market News
The economic impact of the global lockdown continues to be felt around the world. A further 5.2 million Americans filed for unemployment, according to the US Labour Department, taking the total to just over 22 million for the month and wiping out a decade of employment gains.
Bitcoin dropped to a two week low as the price neared $6400, with many speculating that it would breach the $6,000 level. However, bears were left disappointed as Bitcoin surged and almost reached $7,200. We will be watching the price for an upside break to $7,400. As expected, due to their high correlations other cryptoassets followed suit, with Ethereum, Chainlink and Binance Coin staging strong rebounds.
The price of gold reached a 7-year high as the price peaked to over $1,740 before falling again to the $1,680 region. The sharp pullback in prices came as the dollar was firmly higher, providing some resistance to the asset’s recent climb. Bulls’ next upside price objective will be a close in June futures above the solid resistance level of $1,750. Meanwhile, the price of oil continues to face severe pressure. Crude oil once again found itself beneath the $20 level, which placed additional stress on the stock market.
The S&P 500, which gained more than 12% last week, has shown relative inconsistency as prices surged and fell throughout this week. Markets closed on Thursday partially higher than the week prior. U.S. futures on Friday will be heavily influenced by President Trump’s announcement as he details plans to reopen the U.S. economy.
Industry News
Other News
submitted by Camaa to cryptotwenty [link] [comments]

Market Analysis on April 7, 2020: The Current Market Is Like A Sudden Serious Illness, And Will Not Recover so Quickly

Market Analysis on April 7, 2020: The Current Market Is Like A Sudden Serious Illness, And Will Not Recover so Quickly
[Today's Hot Tips]
1. [Senior Japanese Officials: The current lack of Japanese digital asset tax policy may lead to capital outflows]
Shun Otokita, a representative of the Reformed Party, a senior official of the Japanese government, said that the current national tax system cannot yet accept digital asset declarations, which may lead to capital outflows, and pointed out the importance of market research on taxation of cryptocurrencies separately. Otokita acknowledged that it is difficult to quickly modify the tax law to apply to digital assets, but pointed out that it is necessary to conduct market research to determine which changes are necessary.
2. [BB: The global macro environment is jointly highlighting the value of encryption]
On April 7, Brendan Blumer, CEO of Block.One, tweeted that the global macro environment has never been as prominent in the value of encryption as it is now, and it will be the same for the next 24 months.
3. [The Central Bank continues to promote the development of legal digital currency]
According to the People ’s Daily news on April 6, the People ’s Bank of China ’s video and telephone conference on 2020 national currency, gold, silver and security work was recently held in Beijing. The conference made plans for the key work in 2020, and proposed to unswervingly advance the research and development of legal digital currency, systematically promote the reform of cash issuance and return systems, and accelerate the promotion of banknote processing business, issuance of warehouse guards, and issuance of fund escort transformation.
4. [Binance is subject to a class action in the United States]
Binance was subject to a class action in the United States, and lawyers said the case was unlikely to be rejected.
The Southern District Court of New York received a series of class action and the lawsuits targeting the top companies and projects in the crypto industry such as Binance. The news was first disclosed by Offshore Alert. It is reported that at least 10 similar class-action lawsuits were filed in the Southern District Court of New York, accusing Binance and other crypto companies of selling unregistered securities products to US investors. It is reported that the lawsuit was initiated by the US law firm Roche Cyrulnik Freedman, and the prosecution also included many executives such as Zhao Changpeng, CEO of the cryptocurrency exchange Binance. It is worth mentioning that the law firm had also represented Craig Wright in the multi-billion-dollar Bitcoin lawsuit.
[Today's market analysis]
Bitcoin (BTC)
https://preview.redd.it/nkur97xeqcr41.png?width=554&format=png&auto=webp&s=d636b554e0f939600291dda992dbe2c4a3268b93
BTC continued to rise from around $ 7070 early this morning, and rose to around $ 7300 at around 3:45. Now, BTC has returned to $ 7250 sideways. The mainstream currencies followed the consolidation and generally rose sideways. BTC is currently reported at $ 7288.06 at LOEx Global, an increase of 2.09% in the day.
The recent market has basically maintained a volatile trend around 7200 points, and there has been no surge or decline. Looking at the short line, the bulls have been relatively strong recently. On Saturday and Sunday, they did not choose to go down but oscillate to repair. Seeing that the rebound has recovered half of the decline, it is necessary to be cautious here, because after all, the previous currency disaster did not recover so quickly, just like a sudden illness, how can it recover so quickly. So now is a good time to sell high and sell low. Do not blindly bullish.
The real bottom is found afterwards and it was caused by funds. Every time I see it, the trend from the left to the right reverses the process. As an ordinary investor, if there is no more than 100 million in funds, you can see the right and enter the market, getting rid of the downward channel and turning to the right, there is a process of stabilization. At the same time, the trend of the pattern also has characteristic signals, such as the appearance of a single-day surge, red soldier and other signals. Then it will soon get rid of the downward channel, and the turnaround will slowly take shape. On the contrary, it is the same when you reach the top, for example, three crows, bearish engulfing, and other combinations. Thoroughly fundamental research on industries and varieties, quantified to actual operation, the test is more strategy, psychology, experience. In fact, it is necessary to analyze various different types of products. Mainstream coins and value coins, blue chip, white horse and technology stocks have different ways of playing. Different volatility will naturally have different operating methods. In principle, looking at industry trend opportunities from top to bottom, and then looking at specific varieties and trading points from bottom to top, they interact to understand the art of investment more deeply, and the unity of knowing and doing, in fact, everyone can do better.
Operation suggestions:
Support level: the first support level is 7200 points, the second support level is 7000 integers;
Resistance level: the first resistance level is 7400 points, the second resistance level is 7700 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

Huobi Exchange Review

A HISTORY OF HUOBI
Huobi was founded in 2013 by their current CEO and chairman, Leon Li. Li’s background includes having attended Tshingua University, specializing in Automation. Before starting the Huobi Group, Li spent time as a computer engineer at Oracle. In December of 2013, Huobi was named as the largest digital asset exchange operating in China. 2017 saw Huobi extend their limbs into Korea, Singapore, and Japan.
Currently, Huobi has headquarters of various financial sectors based in: Singapore; South Korea; Japan; Australia; Indonesia; Russia; Argentina; Thailand; and China. The company has strived to give customers not only a great exchange, but a great resource for any service one may need. Despite the many difficulties faced with Chinese government in regards to cryptocurrency laws, Huobi has managed to adapt to the changes and thrive globally, eventually branching off into various sectors including venture capital, a cryptocurrency wallet project, and a division dedicated to working with mining pools.

HUOBI'S PLATFORM
spot trading : Huobi offers several different platforms to serve any customer’s needs. For starters, Huobi offers a standard spot trading platform that operates similarly to many other spot trading platforms in the industry. The platform features a multi-timeframe chart, a depth chart, and integration with TradingView (including their tools). Customers are able to view the order book and the asset trading history, as well as their own personal order history. Limit orders, Market orders, and Stop-Limit orders are all available options for traders.
margin trading : For the trader that prefers to trade with a little more volume or risk, Huobi offers a Margin trading platform. Customers can apply for loans through Huobi to trade a greater quantity of cryptocurrencies and profit from the price spread. The original loan must be paid back, and accounts can be liquidated if the risk ratio falls below 110% (calculated as: [(Loaned Amount + Tradable Balance) Total Asset] / [(Interest Payable + Loaned Amount)] x 100%.) Traders can margin trade with Bitcoin; Ethereum; XRP; Litecoin; Bitcoin Cash; and EOS. These assets can be traded with USDT or BTC.
futures trading : Huobi also offers a Futures trading platform. While margin trading can be risky, trading contracts is said to be very high-risk. With that being said, Huobi offers Weekly, Bi-Weekly, and Quarterly contracts in Bitcoin; Ethereum Classic; Ethereum; EOS; Litecoin; Bitcoin Cash; XRP; TRX; and Bitcoin SV.
OTC(P2P) - The OTC, or over-the-counter, section of Huobi offers potential buyers and sellers a way to move large quantities of coins without exposure to the fickle exchange market. Certified merchants can register here, and slippage can be minimized by matching buyers and sellers directly instead of creating market orders.


HUOBI APPS
While you do have the online trading interface, Huobi does have computer programs and mobile apps that you can use.
I found that the PC programmes were more functional as they did not have to rely on the PC browser and were hence much faster. They also have better charting and you are in more control of your trading parameters. These programs are available on Windows and Mac devices.
However, if you are a trader that is always on the go, that is where the Huobi mobile apps come in. These were developed for the main exchange but you can switch to the derivative markets on the futures and swaps platform.
This was a pretty well designed application and you have one-touch ordering as well as some basic charting functionality. The app is available in iOS and Android and you can head on over to the respective app stores to get a sense of the feedback.


EXCHANGE SECURITY
Huobi operates a hot and cold wallet storage procedure. This means that they keep the vast amount of their coin holdings in an offline environment away from hackers. They then have a smaller percentage in “hot” wallets with multisig capability.
They also operate a decentralized server structure around the world which can ensure uptime irrespective of whether one of the servers goes down. You can think of this as effective load balancing.
Finally, they have anti DDoS measures in place. We all know that crypto exchanges are prime targets for Denial of Service attacks and it can be quite frustrating when these are perpetrated in peak market times.


IS HUOBI TRUSTWORTHY?
Huobi, like many exchanges in the space, has had, at one time, some shady history, but for the most part, has managed to maintain a clean reputation. Historically, Chinese exchanges have shown to operate in accordance with different standards, with many exchanges having to suffer at the will and whim of the Chinese government. Some of the controversy Huobi has seen in the past has been a result of this (particularly with the Chinese ban on ICO tokens). It should be noted that in 2017, the exchange did invest into “wealth-management products” using idle customer funds. This sort of activity shouldn’t be taken lightly.
However, with that being said, the exchange continues to turn over a large amount of volume. For the most part, the exchange can be considered a trustworthy platform to trade popular and exotic cryptocurrencies. This does not mean it is entirely safe to store user funds on the exchange, as the exchange (or the user funds) can be susceptible to risk at any given moment. No matter how comfortable one may be with the internet, one should always remember that the internet is not as safe as many would like to believe. Huobi does have measures in place in the unfortunate event that an account is breached, and if verifiable, the customer may be able to retrieve lost funds.
A unique feature offered on Huobi is their Official Media Authenticator. This essentially lets users enter the URL of a content channel to see if the channel is authentic. A feature like this, while seemingly simple, could save anyone from potentially losing their funds due to a scam or phishing website.


HUOBI REVIEW VERDICT
Huobi Global offers a signficant host of features to its users and has maintained its credibility over a long period of time. This is largely one of the main reasons it a ranked as a top 4 exchange by liquidity as its users trust their funds there.
After establishing itself in Asia, Huobi is trying to branch out and take on other areas of the globe which is great news for Western traders. Additionally, the Huobi prime platform could provide some great opportunities for the exchange users moving forward.

Huobi Website: https://www.huobi.com/topic/invited/?invite_code=q7g23
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by chamithasro to u/chamithasro [link] [comments]

BINACE CUSTOMER SUPPORT NUMBER +1(888)-780-0222


BINANCE SUPPORT NUMBER +1-888-780-0222

when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
comment100% UpvotedComment asThisFollowing7 Sort by
no comments yet
Be the first to share what you think!
u/sdf675
Karma
1
Cake day
March 6, 2020helpReddit AppReddit coinsReddit premiumReddit giftsCommunitiesTop PostsTopicsaboutcareerspressadvertiseblogTermsContent policyPrivacy policyMod policyReddit Inc © 2020. All rights reserved
submitted by ThisFollowing7 to u/ThisFollowing7 [link] [comments]

Binance Customer Support Number +1(888)780-0222

when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by MindlessSurvey2 to u/MindlessSurvey2 [link] [comments]

Binance Number ≋₁~888~780~0222 ≋ Binance Support number ...--()()()()()()()()()()()()()( u/EfficientSpecial3

when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by EfficientSpecial3 to u/EfficientSpecial3 [link] [comments]

Binance support number ☎ +1-888-780-0222 ☎ Customer support phone Number ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎

☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎ ☎
Binance, the largest crypto-to-crypto exchange by volume, has announced that it will stop serving U.S. individual and corporate customers on its main platform
Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com by using a VPN. Binance currently
allows withdrawals of up to 2 BTC ($16,500) without any verification, although the updated policy suggested that
"some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use
." Those who violate its Terms of Use, it added, will not be able to use the platform.
Binance users will also look for comfort in the announcement yesterday that the company is launching a separate fiat-to-crypto exchange to serve the U.S. market in full regulatory compliance.
Changpeng Zhao, CEO of Binance, offered an optimistic outlook on the disruption on Twitter.
"Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain."
The news comes two weeks after the main client of Binance DEX also announced it would start geo-blocking U.S. customers and
28 other countries in July. Bittrex announced last week they would be geo-fencing 32 cryptocurrencies from the U.S. clients, following the same move by Poloniex a couple of weeks ago.
Binance follows Bitfinex and BitMEX, which both started blocking U.S. customers in late 2017 as a result of the challenging regulatory climate.
Huobi then started licensing its technology and brand to a U.S.-based company HBUS (later rebranded to Huobi), similar to Binance's current plans for the U.S.,
having partnered with BAM Trading Services Inc - an unknown money services business listed in San Francisco.
While Binance traditionally offers crypto-to-crypto trading, it has already launched fiat-to-crypto exchanges in Uganda, Singapore, and Jersey,
all of which only support trading of bitcoin, ether, and BNB. It plans to have two fiat-to-crypto exchanges on every continent, which will likely also only support trading of bitcoin and ether initially.
submitted by ConstantSelf1 to u/ConstantSelf1 [link] [comments]

Binance Customer Support Number +1888-780-0222 Toll Free

BINANCE SUPPORT NUMBER +1-855-937-4225
when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by coinbasesupportdffg to u/coinbasesupportdffg [link] [comments]

BINANCE SUPPORT NUMBER +1-888-780-0222 / Posted byu/sdf6756 days ago



when Binance was an upstart cryptocurrency exchange fresh off the back of its own ICO, its public image wasn’t quite as clean cut.
Screenshots still exist of an exchange between DigiByte (DGB) community members and Binance Director of Business Development Ashley Ouyang, where the DigiByte team are openly extorted for the privilege of securing an exchange listing.
The matter was quietly forgotten in the daily news cycle, but after two years it has emerged once again. On September 20th, DigiByte founder Jared Tate revealed that during a video call with the Binance team, he was told to pay $300,000, as well as 3% of all DigiByte coins in order to finally get DGB listed.
Binance chief CZ has since brushed off Jared Tate’s comments in the manner expected of a busy CEO, for whom such silliness isn’t worth his time.
Yet if Binance really were to be shut down in 12 months, it would more likely be because of scammy practices like these, rather than those mentioned by Calvin Ayre.
DigiByte is currently listed on 80 cryptocurrency exchanges, and according to the team, not a single one of those demanded a listing fee – let alone 3% of the entire coin supply.
Question: How much of the world’s cryptocurrency supply is locked up in Binance’s private vaults? Extortion funds are SAFU.
Despite alarm-ringing from respected figures in the crypto space, the ability for Binance to arbitrarily decide the fate of cryptocurrency projects remains uncontested. Binance, helmed by its own “Little CZaer”, is too big to fail at this point, and such scandals appear to just bounce right off it.
Any hope of justice for the DigiBytes of this world may only be found in the fact that Binance, like Rome, will inevitably fall one day. How much damage is done – and how much money is extracted from powerless community projects in the meantime, remains to be seen.
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
The company has grown to become one of the biggest names in crypto by allowing anyone to use its service to trade myriad tokens, many of which are unavailable or limited on other exchanges. But over the past year, Binance has matured and begun to offer more formalized services. Following fiat currency exchange launches in the U.K., Uganda and Singapore, Binance is opening a dedicated U.S. exchange to avoid uncertainty around its legality.
This week, Binance announced it is pairing up with BAM Trading Services — which Coindesk notes is FinCEN-registered and has links to Koi Compliance, which counts Binance as an investor — to launch a U.S. exchange “soon.” That will mean, however a level of disruption for some U.S. customers in the meantime.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Existing users have a grace period of 90 days, after which they will be unable to deposit funds to the site or make trades. Binance declined to state whether those bans will be administered by a geo-block on U.S. IP addresses, but it did confirm that U.S. customers will retain access to funds held in the service.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
The reality is that the situation is more nuanced.
U.S.-based users could continue to use the service by browsing the site with a VPN. Binance allows its users to sign up for a limited account without KYC — i.e. providing verification documents like a passport copy — which allows trading but limits withdrawals to two Bitcoin per day. That won’t satisfy more professional traders — most of whom you’d imagine would already have an account on Binance by now — but it does leave a loophole for others.
submitted by WeirdAcanthocephala6 to u/WeirdAcanthocephala6 [link] [comments]

+1(888)-780-0222 Talk to the Poloniex customer service

Poloniex Links Poloniex Support Poloniex Exchange Request Help. We have a new home. Click here for the Poloniex Support Center. Poloniex
Binance, the largest crypto-to-crypto exchange by volume, has announced that it will stop serving U.S. individual and corporate customers on its main platform
Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com by using a VPN. Binance currently
allows withdrawals of up to 2 BTC ($16,500) without any verification, although the updated policy suggested that
"some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use
." Those who violate its Terms of Use, it added, will not be able to use the platform.
Binance users will also look for comfort in the announcement yesterday that the company is launching a separate fiat-to-crypto exchange to serve the U.S. market in full regulatory compliance.
Changpeng Zhao, CEO of Binance, offered an optimistic outlook on the disruption on Twitter.
"Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain."
The news comes two weeks after the main client of Binance DEX also announced it would start geo-blocking U.S. customers and
28 other countries in July. Bittrex announced last week they would be geo-fencing 32 cryptocurrencies from the U.S. clients, following the same move by Poloniex a couple of weeks ago.
Binance follows Bitfinex and BitMEX, which both started blocking U.S. customers in late 2017 as a result of the challenging regulatory climate.
Huobi then started licensing its technology and brand to a U.S.-based company HBUS (later rebranded to Huobi), similar to Binance's current plans for the U.S.,
having partnered with BAM Trading Services Inc - an unknown money services business listed in San Francisco.
While Binance traditionally offers crypto-to-crypto trading, it has already launched fiat-to-crypto exchanges in Uganda, Singapore, and Jersey,
all of which only support trading of bitcoin, ether, and BNB. It plans to have two fiat-to-crypto exchanges on every continent, which will likely also only support trading of bitcoin and ether initially.
submitted by LeatherAction to u/LeatherAction [link] [comments]

Binance Support Phone Number +1(888)-780-0222 If any Issues Get Help Now ^&^&^&^&^&&^&^&^&^&^&^

Binance follows Bitfinex and BitMEX, which both started blocking U.S. customers in late 2017 as a result of the challenging regulatory climate.
Huobi then started licensing its technology and brand to a U.S.-based company HBUS (later rebranded to Huobi), similar toBinance's current plans for the U.S.,
having partnered with BAM Trading Services Inc - an unknown money services business listed in San Francisco.
While Binance traditionally offers crypto-to-crypto trading, it has already launched fiat-to-crypto exchanges in Uganda,
Singapore, and Jersey, all of which only support trading of bitcoin, ether, and BNB. It plans to have two fiat-to-crypto exchanges on every continent, which will likely also only support trading of bitcoin and ether initially.
Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com by using a VPN. Binance currently
allows withdrawals of up to 2 BTC ($16,500) without any verification, although the updated policy suggested that
"some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use." Those who violate its Terms of Use, it added, will not be able to use the platform.
Binance users will also look for comfort in the announcement yesterday that the company is launching a separate fiat-to-crypto exchange to serve the U.S. market in full regulatory compliance.
Changpeng Zhao, CEO of Binance, offered an optimistic outlook on the disruption on Twitter.
"Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain."
The news comes two weeks after the main client of Binance DEX also announced it would start geo-blocking U.S. customers
and 28 other countries in July. Bittrex announced last week they would be geo-fencing 32 cryptocurrencies from the U.S. clients, following the same move by Poloniex a couple of weeks ago.
Until Binance puts out an official Apple Store app, make sure to get your copy direct from Binance’s website itself. Beware of fake apps!
An official iOS app is also coming soon, as seen in this Binance iTunes Preview. However if you want to start right away with the latest version, installation is just a few taps away.
1.Using the default Safari browser, go to the Binance iOS download link and let it install the app on your iPhone.
submitted by ExpertMeeting to u/ExpertMeeting [link] [comments]

A Letter to CoinEx Users from Haipo Yang in 2020

A Letter to CoinEx Users from Haipo Yang in 2020
Dear CoinEx Users:
I am Haipo, CEO of CoinEx. The Chinese New Year has just passed and the coronavirus outbreak casts a shadow on society and our hearts. At this moment, I sincerely hope that everyone stay safe and healthy.
From December 24, 2017 to today, CoinEx has been with you for more than two years. Having experienced a rebirth in 2018, CoinEx embarked on a new journey since last year. “Do something that can change the real world with the blockchain.” This is my original intention to create CoinEx, and I hope more people will get to know blockchain through CoinEx. CoinEx always bears in mind the ambition of putting the blockchain to good use and making the world better.
2019 witnessed how CoinEx consolidated the foundation for its ambitions. CoinEx Accelerators, futures, options, CoinEx Lending, CoinEx DEX, CoinEx Chain, the key account privilege system, and a new value system for CET… We have completed what may take others four or five years, but we also know that a complete ecosystem is the first step to achieve our ambitions. CoinEx still has a long way to go, and what we are doing now is just a small part.
With the arrival of 2020, the blockchain world has embraced its eleventh year, and CoinEx has also ushered in its third year of growth. I am very grateful to every user who has always been supporting CoinEx. It is your encouragement along the way that makes it possible for me to share with you our progress in 2019 and look into 2020. Now I’m going to explain to you in details of what CoinEx has gone through in the past year and every new breakthrough it has achieved.

First, users are our first priority: 24-hour online customer service and key account privileges

“Users first” is the service principle that CoinEx has always implemented, and the ultimate product experience is our basic practice in abiding by this concept.
As the chief product experience officer of CoinEx, I deliver one idea to the team on many occasions, that is, the most important for a product developer is the ability of instantly changing from an expert to a novice so that he or she can judge and design the product from users’ perspective. We want CoinEx to be a product that can be operated with ease even by a novice and a digital asset service platform that serves as a wallet. I believe that’s exactly what CoinEx means to its users as we really did it.
In addition, in order to serve users around the world, we have launched versions of ten languages, respectively Arabic, Italian, Malaysia, German, Ukraine, Portuguese, French, Turkish, Vietnamese and Indonesian, in 2019. CoinEx has become a global trading platform with the most languages.
High-quality and efficient service represents our efforts to implement the “users first” concept.
In 2019, CoinEx’s global customer service team expanded four times on the original basis, and gradually improved the customer service system in practice. At CoinEx, every customer service personnel must be strictly selected and trained from interview to induction. We strive to ensure that each customer service personnel can be timely, meticulous and professional in answering users’ questions so that our users can enjoy high-quality services. As long as you have any doubt, the CoinEx customer service team will be there for you around the clock.
On September 26, 2019, after months of user surveys and reference to the VIP service cases of hundreds of Fortune 500 companies, we officially launched a privilege program for key users. We must never be unworthy of every user’s trust, and we want every key user to enjoy his or her privileges at CoinEx. In addition to basic customer service, we provide them with “customized fast services” and “customized value-added services” from three aspects: the account, transaction, and service.

Second, build a complete product system: spot, futures, leveraged trading, options, perpetual contracts, CoinEx Lending, and Accelerator

In order to meet users’ diversified trading needs, we have refined our products carefully, and now we have established a complete product system covering spot, futures, leverage, options, perpetual contracts, wealth management products, and high-quality project accelerators.
Spot Trading
To enrich the asset classes of the spot market, the CoinEx Research Institute has dedicated itself to exploring and screening of global blockchain projects last year. At the end of 2019, there were 100 asset classes on CoinEx, a success in fulfilling the target set at the beginning of the year.
For trading depth, we have introduced preferential policies for market makers, which is to cooperate with excellent quantitative teams in the market and run operating campaigns to increase our asset liquidity.
Futures Trading
On July 15, 2019, we launched a new trading service — futures contracts, and opened five major trading markets: Binance Coin, Huobi Token, OKB, Polkadot, and Telegram Open Network. At the same time, our original Call Auction along with Short-term/Long-term price limit ensures the stability of Futures market and large fluctuations in futures prices can be avoided.
Leverage Trading
In 2019, we launched a leverage trading function that allows users to invest more with small funds.
Perpetual Contracts
In addition to futures trading, we have also developed perpetual contracts to support the trading of digital currency futures such as BTC, BCH, LTC and ETH to meet the needs of professional traders for high leverage and arbitrage, inter temporal arbitrage and hedging. In the long run, such market is of great positive significance for digital assets.
Options Trading
In August 2019, we successfully launched a new derivatives trading market — options trading, a financial instrument based on futures. Compared with futures trading, options trading features lower risks, helping investors to profit from multiple dimensions.
CoinEx Lending
We launched CoinEx Lending, a wealth management product, which improves our derivatives services and provides users with an additional option for the pursuit of a stable investment. CoinEx Lending will distribute 70% of the platform’s interest from leveraged. Users only need to transfer the idle assets to CoinEx Lending to enjoy daily revenue, further enhancing their asset utilization.
Excavator of quality projects: CoinEx Accelerator
For the past decade since the birth of the blockchain, digital assets and projects have been driving the blockchain to realize its value step by step. As an important exploration of the application of blockchain technology, blockchain projects are often
In 2019, after rigorous screening and in-depth research by the CoinEx Research Institute, the CoinEx Accelerator screened 13 premium blockchain projects including SEELE and BNN for users. These projects have proved excellent in both technology and asset appreciation. Among the ten projects with the highest return on investment according to media statistics in 2019, technology-based SEELE was included in the list with a 400% increase.
At this point, CoinEx has completed the construction of the entire ecosystem for the product system. The cornerstone of the product has been solidified. What we need to do next is to make every function and service perfect.

Third, optimize the team structure and do something interesting with great minds

I once said that I wanted to create a company that is very fun, interesting, and awesome where some great minds are working on something exciting together. I have created the fun and interesting part. The main task of the past year is to find those great minds to join me.
In 2019, the team went through a period of confusion and groping. There are some problems in terms of both staffing and department collaboration. Fortunately, such troubles have been greatly relieved after two organizational structure adjustments.
In September 2019, Eddie, former Marketing Director at Bitmain, officially joined the CoinEx team. Eddie is an all-rounder with extensive experience in market operation and team management. I believe with him working with us, CoinEx will make greater breakthroughs in team management and brand building in the future.
In addition, we have attracted increasing outstanding talents for the past year, and have grown to a team with nearly 100 members. At present, we have established a complete team management system, incentive system and training system. I always believe that only when the team members are united as one and all do a great job, can we provide better services for users.

Fourth, it is the mission of a digital asset service platform to screen high-quality projects: to launch 100 high-quality projects

The abundant types of trading assets serve as the foundation of a digital asset service platform. In the past year, the CoinEx Research Institute has been committed to exploring and screening high-quality projects worldwide, increasing the types and number of tradable assets for users. I am proud to say that, as of December 31, 2019, CoinEx has launched 100 high-quality blockchain projects. We ensure that every project has undergone in-depth research and investigation by the think tank of the Research Institute, and is finally strictly appraised by the coin issuance decision committee before it goes online. We hope that each CoinEx user can avoid unnecessary risks and rest more assured in investment.
In 2020, we will continue to improve the asset list on CoinEx and provide users with global high-quality blockchain projects to further realize the vision of global and professional cryptocurrency exchange service provider.

Fifth, build the most solid cornerstone of the blockchain: CoinEx Chain, CoinEx DEX, and CET

At present, the public chain, the cornerstone of the blockchain industry, remains the bottleneck of the industry’s development, and the key still lies in technological breakthroughs. In 2019, CoinEx also explored the third generation of public chains. Our solution is three dedicated chains in parallel to achieve both performance and flexibility.
On Nov.11 last year, ViaBTC, Bitmain, Matrixport, and Bitcoin.com jointly launched the Mainnet of CoinEx Chain, a milestone in our journey towards the ambition.
CoinEx DEX is the first application scenario of CoinEx Chain. It is the world’s first DEX dedicated public chain developed on the Tendermint consensus protocol and Cosmos SDK, under the leadership of my good friend Jiazhi Jiang, a senior blockchain technology expert. CoinEx DEX is friendly to ordinary users who have zero experience in digital assets, and has made many innovations in applications and wallets.
After CoinEx Chain and CoinEx DEX went online, CET was also given higher value and mission. As the basic currency of the public chain ecosystem, it has more value sources than the income of the CoinEx platform. Now we can use CET to develop tools at CoinEx DEX, to open accounts, to purchase and modify account names, etc.

Sixth, CoinEx’s ecosystem and partners

In the past year, besides the fruitful results in products and ecosystem improvements, CoinEx has also gained many like-minded partners.
Market liquidity team
In 2019, CoinEx further upgraded the market maker’s preferential policies. Market makers on other platforms or other excellent maker strategy teams can directly match CoinEx market makers and enjoy privileges at a negligible rate in CoinEx.
CoinEx Chain nodes
On October 16, 2019, CoinEx Chain officially launched the global Node Election plan. We set off from Shenzhen to places such as Beijing, Shanghai, Hangzhou, and Singapore to host offline campaigns. It’s easy to make new acquaintances, yet those who share the same ideals with you are hard to find. So we really cherish the cooperation with dozens of peers such as Matrixport, Hoo, TokenInsight, BTC.com, Bitcoin.com, Ant Mining Pool, Wayi, and NNB in the construction of the CoinEx Chain ecosystem.
CoinEx Ambassadors
Of course, CoinEx cannot grow without a group of special partners around the world — CoinEx Ambassadors. They commit themselves in work such as community building, promotion and product translation. They all contribute their share to CoinEx.
I would also like to take this opportunity to express my gratitude to the CoinEx Ambassadors.

Seventh, keep moving forward in 2020

The year 2020 is a very special year. A considerable part of the important national strategic goals are set to be achieved in this year. Based on an intergenerational interval of a decade, we have entered the third generation of the 21st century.
It is also a year of special significance for CoinEx. This year we will comprehensively upgrade our products to further enhance users’ experience, keep launching high-quality assets online at a steady pace to meet users’ more diversified demands for trading assets, accelerate globalization and compliance across the world, and launch a new Ambassador Program to drive the construction of CoinEx’s community.
As for the CoinEx Chain, we will focus on the development of the Smart Chain, perform two hard fork upgrades on the DEX Chain, and introduce high-quality stable coins, Defi and other applications.

Blessings for the Future

The blockchain industry is still in its early stage of development, and huge room for growth is expected in the future. What we have to do is to continuously improve our product and service quality, as well as to enrich asset types to better meet user needs.
Again, I would like to express my gratitude to the users who have shown great patience and support to CoinEx, to the CoinEx Chain nodes who have trusted us enough, to the CoinEx Ambassadors who have contributed a lot to our development, and to partners who have been working with us along the way.
I wish you all the best in the new year!
Haipo Yang, CoinEx CEO
February, 2020

https://preview.redd.it/im4kwke3wtg41.jpg?width=1092&format=pjpg&auto=webp&s=7bb452833f2fa827f06a80c034dca1fa71025c73
submitted by CoinExcom to u/CoinExcom [link] [comments]

Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading

Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
AX Trading LLC (AX), a technology-enabled registered broker-dealer and Alternative Trading System (ATS) operator, today announced a strategic partnership with Quant Network a pioneering technology company providing financial and regulatory technology as well as interoperability in financial services, payments and capital markets infrastructure. Through this partnership, Quant Network’s technology, Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of interoperable regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets. George O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.” It is expected that the first interoperable digital asset offering may commence as soon as January 2020, and that the AX Trading ATS may be ready to enable and list interoperable digital assets and securities in 2020.
Let’s have a closer look at what that means to truly appreciate the significance of the partnership by covering the basics for those not familiar with wall street.
https://preview.redd.it/2z8h6uqos0m31.png?width=1200&format=png&auto=webp&s=a1c02216ce4eda8f3e06abdb6fe519b36efd1be6

What is an Institutional Investor / Trader?

An institutional investor is an organization that invests on behalf of the organization's members. They consist of hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds, or any other type of money management firm.
Institutional investors account for about three-quarters of the volume on the New York Stock Exchange (which alone handles more than $20 Trillion a year in volume). In the US, Institutional investors own about 80 % of the total market value of the equity (stock) market, which globally is worth more than $73 trillion.
Wall Street refers to the institutional investors I mentioned above whereas Main Street refers collectively to members of the general public who are not accredited investors and the overall economy as a whole.
Whilst the Equity Market is huge, Institutional investors also invest in other securities which are prime to be tokenised such as Real Estate Market (Globally worth $217 trillion), the Debt Market (Globally worth $215 trillion) and the Derivatives Market (Low end estimates at $544 trillion and high-end estimates at $1.2 quadrillion). All of which makes the current market cap for cryptocurrencies look like a drop in the ocean.

Who are AX Trading?

AX Trading is a SEC-registered broker-dealer and Alternative Trading System (ATS) Operator. They are a member of FINRA (Financial Industry Regulatory Authority)and SIPC ( Securities Investor Protection Corporation) regulated authorities. The SEC has some of the most stringent regulations in the world for listing securities and there are fewer than 50 SEC-registered Alternative Trading System Operators in the United States, of which only a handful are currently implementing Digital Assets. Others are awaiting regulatory approval with Coinbase, Circle etc are all looking at getting into this huge market.
https://www.coindesk.com/stonewalled-by-finra-up-to-40-crypto-securities-wait-in-limbo-for-launch
AX Trading have investors and sponsored brokers including the likes of Credit Suisse, (a multinational investment Bank and Financial services company worth $27.5 billion). AX currently have over 800 Institutional traders (these are not individuals, but corporations such as hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds etc).
AX Trading have also partnered with Euronext, the largest Stock Exchange in Europe with a market cap of $4.65 trillion as of 2018, in the creation of Euronext Block which utilises AX Trading.

What is an Alternative Trading System?

An Alternative Trading System (ATS) is an SEC-regulated trading venue which serves as an alternative to trading at a public exchange. ATS account for much of the liquidity found in publicly traded issues worldwide. They are known as multilateral trading facilities in Europe, electronic communication networks (ECNs), cross networks, and call networks
AX is the world’s first “Electronic Trading Network” (ETN) where institutional traders can proactively connect and trade with other counterparties in a secure environment. Unlike traditional stock exchanges/ECNs that show orders to everyone and traditional dark pools/crossing systems that show orders — presumably — to no one, AX allows institutional traders to pick and choose WHOM they want to notify and also WHAT information they want to share with them.
Institutional investors may use an ATS to find counterparties for transactions instead of trading large blocks of shares on national stock exchanges. These actions may be designed to conceal trading from public view since ATS transactions do not appear on national exchange order books. The benefit of using an ATS to execute such orders is that it reduces the domino effect that large trades might have on the price of an equity.

How does AX Trading Work?

The AX Trading process begins when one trader sends an “initiated” order to AX. The order can be routed to the AX ATS via one of our broker sponsors such as Credit Suisse. The initiated order triggers a “Call Auction” on AX, a period of time when the order will rest in AX to be matched against other orders from auction responders.
The Initiator of an AX auction decides who they want to invite to participate in the auction, whether they be all 800+ institutional members or targeted to specific ones, as well as how much info they want to disclose about the order. Based on these instructions, the AX ATS then notifies the members inviting them to participate in the trade.
The invited members can then participate in the trade by either placing buy orders of their own or placing sell orders. At the end of the AX auction period, all orders are brought together, and a match is performed.
In the traditional, continuous market with displayed bids and offers, traders are often chasing liquidity. In other words, the price may move away from them the more they buy or sell to what is commonly called “market impact.” On AX, the advantage of their call auction model is it brings liquidity — in the form of participant orders to the buyer rather than them chasing liquidity.

What is a Security Token?

Security Tokens are different than Utility Tokens or Cryptocurrencies. A security token is a digital representation of a traditional security. It may represent shares in a company, interest in a fund, real estate, art collectables, or essentially any asset a party can own. Anthony Pompliano wrote an article explaining tokenised securities in more detail which you can see here
Security Tokens are digital assets subject to federal security regulations. In layman terms, they are the intersection of digital assets (tokens) with traditional financial products — a new technology improving old things. If cryptocurrencies like Bitcoin are considered “programmable money” then you can consider Security Tokens a version of “programmable ownership.” This means that any asset with ownership can and will be tokenized (public & private equities, debt, real estate, etc).
https://preview.redd.it/21cz6zvus0m31.png?width=569&format=png&auto=webp&s=883eb844e1061cddd585903549dde829098765c2
Quant Network community member David W also wrote an excellent piece on the benefits of tokenisation of assets in a lot more detail than what I will briefly cover here and strongly recommend you check it out.
The Tokenisation of assets is therefore inevitable, because it is a better way to record, exchange and monitor asset ownership for all parties involved. The amounts at stake represent many hundreds of trillions of US dollars

What are the benefits of a security token?

  • Lower Fees — having Smart Contracts and compliance programmed into the token itself removes the need for middlemen, reducing costs. Post Trade businesses such as clearing houses would also no longer be required further reducing costs.
  • 24/7 markets — Currently the major US stock markets trade between 9:30am and 3pm during weekdays only. Trading can be done 24/7 and globally whilst remaining compliant.
  • Fractional Ownership — This greatly increases liquidity for previously illiquid assets. Real estate, Artwork, even assets such as Oil Refineries are already in talks about being tokenised through Overledger. If you have an asset such as an oil refinery worth billions of dollars, then naturally this limits the market should you ever want to sell it. However with fractional ownership you could own a tiny percentage of it and receive profits from the oil refinery based upon the percentage you own, which exponentially increases the number ofpotential buyers, increasing liquidity.
  • Rapid Settlement — Currently it takes 3 working days to settle a securities trade, this can be reduced to minutes by having the asset and fiat represented on a blockchain and handled through smart contracts.
  • Automated compliance — Security tokens are programmable, and rules and regulations are hard-coded into the architecture of the token to ensure they always remain compliant. This means that they can be traded globally and still ensure they respect the relevant countries regulations that the participants are located in.
  • The benefits that a blockchain provide such as transparency, security, immutability, high availability. Regulators can also run a node and verify compliance in real time.

Security Token Issuance Platforms

Security token issuance platforms allow issuers to issue Security tokens that represent the security such as Shares in their company etc in return for capital. This is known as a Primary Market. Importantly it’s not just the issuance that they look after, it’s the whole life cycle of a digital security to ensure they remain continuously in compliance as they are traded etc. They also provide reporting to the issuer so they can see who owns the tokens and what dividends to pay out.
Securitize are one of the leading security tokens issuing platforms. They have created the DS Protocol, a blockchain agnostic protocol for security tokens which manages the whole lifecycle of a digital security, ensuring it remains continuously in compliance. They have issued a number of security tokens on the Ethereum network as well as recently working with IBM to tokenise the Corporate Debt Market (worth $82 Trillion). On the back of this they joined Hyperledger, an open source project which includes Enterprise blockchains such as Hyperledger Fabric which IBM is heavily involved with.
https://tokenpost.com/Quant-Network-Securitize-and-others-join-Hyperledger-blockchain-project-1544
They recently also became the first SEC-registered transfer agent, which means Securitize can now act as the official keeper of records about changes of ownership in securities.
There are many companies in this sector which are utilising various blockchains, Other examples include:
  • Harber — R Token protocol for Ethereum
  • Polymath — ST20 protocol for Ethereum
  • Blockstate — a security token issuance platform recently announced plans to migrate a number of ERC-20 tokens from the public Ethereum blockchain to the permissioned blockchain R3 Corda
  • Dusk — Uses the Dusk blockchain
  • Own — Uses the Own blockchain
And many more such as Nefund, Bankex, Capexmove, Swarm, Symbiont, Tokeny etc

https://preview.redd.it/vr6c7jdzs0m31.png?width=520&format=png&auto=webp&s=88431b27906099bb09f31ef1fdee0222dd96674f

Trading Venues

Whilst the issuance platforms above generally also include their own exchange where the token can be traded on, secondary markets such as those offered through traditional stock exchanges and Alternative Trading Systems provide significantly more liquidity.
Traditional Stock Exchanges have been very active in blockchain with some going through proof of concepts, to those like SIX SDX Digital Exchange which is due to launch later this year. They are using various blockchains and cover the full process from Issuance, Trading and Post Trade / Settlement services. I have briefly outlined which blockchain they are using / testing with along with source to read more about it below:
  • Switzerland’s Stock Exchange — SIX Digital Exchange issue, trading, settlement, custody — Corda — Source
  • Largest Stock Exchange in Germany — Deutsche Borse Franfurt Stock Exchange — Corda — Source and Source
  • South Korea’s Stock Exchange — Korea Exchange — Hyperledger Fabric — Source and Source
  • Japan’s Stock Exchange — Tokyo Stock Exchange — Hyperledger Fabric — Source which the consortium has now grown to 44 companies. Tokyo Stock Exchange are also testing JP Morgan’s Quorum for voting on the blockchain — Source
  • London Stock Exchange Group — Hyperledger Fabric — Source . They are also invested in Nivaura which utilises Ethereum — Source
  • Largest Stock Exchange in Europe — Euronext — Permissioned Ethereum via Liquidshare — Source as well as recently investing in Tokeny a blockchain based project based on public version of Ethereum — Source
  • Singapore Stock Exchange — Ethereum — Source

Post Trade — Central Security Depositories

Situated at the end of the post-trading process, CSDs are systemically important intermediaries. They thereby form a critical part of the securities market’s post-trade infrastructure, as they are where changes of securities ownership are ultimately registered.
CSDs play a special role both as a depository, involving the legal safekeeping and maintenance of securities in a ‘central depository’ on behalf of custodians (both in materialised or dematerialised form); as well as for the issuer, involving the issuance of further securities by issuers, and their onboarding onto CSDs’ platforms.
CSDs are also keeping a number of other important functions, including: dividend, interest, and principal processing; corporate actions including proxy voting; payment to transfer agents, and issuers involved in these processes; securities lending and borrowing; and, provide pledging of share and securities.
Blockchain technology will enable real-time settlement finality in the securities world. This could mean the end of a number of players in the post-trade area, such as central counterparty clearing houses (CCPs), custodians and others. Central Security Despositories (CSD) will still play an important role according to reports:
“CSDs could have an important role to play in a blockchain-based settlement system. As ‘custodians of the code, CSDs could exercise oversight of, and take responsibility for, the operation of the relevant blockchain protocol and any associated smart contracts.” Euroclear Report
Another group of 30 central securities depositories (CSDs) in Europe and Asia are researching possible ways to “join hands” in developing a new infrastructure to custody digital assets. The CSDs will attempt to figure out how to apply their experience in guarding stock certificates to security solutions for crypto assets.
“A new world of tokenized assets and blockchain is coming. It will probably disrupt our role as CSDs. The whole group decided we will be focusing on tokenized assets, not just blockchain but on real digital assets.”
You can read more about how blockchain will affect CSD’s here
Examples of CSD’s in blockchain
  • SIX Digital Exchange and Deutsche Borse are utilising Corda as explained in the trading venues section
  • DTCC the largest in the US process 1.7 Quadrillion US Dollars of securities every year and are planning on moving their Trade Information Warehouse to Axoni’s AXCore Blockchain (Based on permissioned version of Ethereum) later this year — Source
  • Canada CDS are using the Quartz blockchain from Indian IT Services Company Tata Consultancy Services — Source
  • Euroclear in collaboration with the European Investment Bank (EIB), Banco Santander, and EY are developing a blockchain solution — Source
  • French CSD’s too soon go live on Setl Blockchain — Source and Source
  • Russia’s National Settlement Depository is launching a blockchain project using D3ledger (based off Hyperledger) — Source

The Importance Of Interoperability

The evolution of DLT and the wide adoption across industries and across different market segments is resulting in many different ledgers networks, but the ultimate promise of DLT can only be realized when all ledger networks can seamlessly interoperate. — from the recent DTCC whitepaper with Accenture
Some challenges and constraints related to the market infrastructure ecosystem remain open and will need to be addressed in the future to sustain the development of DLT platforms for trading and the post-trade process. At this stage, the questions of interoperability and standardization across these DLT (probably permissioned) platforms remain open and we may see a list of platforms offering no scope for interconnection. This will prevent them from fulfilling the key “distribution” criterion of DLT. Another related challenge that may determine whether or not the technology is adopted is the ability to provide Delivery versus Payment (DvP) settlement, in particular in central bank money. Nevertheless, it is worth mentioning that settlement can also be facilitated in commercial bank money. — https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/technology/lu-token-assets-securities-tomorrow.pdf
It’s clear from the above that interoperability will be crucial in order to unlock the true potential of Distributed Ledger Technology. Issuance platforms will seek to interoperate with as many secondary exchanges as possible to provide maximum liquidity for issuers. Issuance platforms and secondary exchanges are each using a wide range of different blockchains that all need to interoperate as part of the trade process. CSD’s will also need to have interoperability between other CSD’s as well as to the secondary exchanges (again each using different blockchains).

Enter Quant Network’s Overledger

Quant Network’s blockchain operating system, Overledger, provides interoperability between any current and future distributed ledger technology as well as easily connecting Off Chain / Legacy networks as well as plans to connect directly to the Internet. Within 10 months it has proven it can provide interoperability with the full range of DLT technologies from all the leading Enterprise Permissioned blockchains such as Hyperledger, R3’s Corda, JP Morgan’s Quorum, permissioned variants of Ethereum and Ripple (XRPL) as well as the leading Public Permissionless blockchains / DAGs such as Bitcoin, Stellar, Ethereum, IOTA and EOS as well as the most recent blockchain to get added Binance Chain. All without imposing restrictions on connected chains, being Internet scalable and able to easily integrate into existing networks / infrastructure.
https://preview.redd.it/8p6hi942t0m31.png?width=1920&format=png&auto=webp&s=b0536ea9981306feb8bd95788c66e9a5727a4d58
Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets
https://www.quant.network/blog/redefining-wall-st-with-decentralised-capital-market-infrastructure-the-possibilities-of-quant-networks-overledger-technology-in-regulated-capital-markets
Overledger enables Universal Interoperability where digital assets can move across blockchains so that they can interact with smart contracts on different blockchains. It does this by locking the asset on one blockchain and then representing it on another blockchain either by creating a representing token or representing it via metadata. This will enable all of these different parties such as Issuance platforms, Exchanges, CSD’s, traders etc to move the digital asset from their respective blockchain onto AX Trading’s platform for secure, immediate and immutable trading to take place. Potentially it would even allow Digital Assets / Securities to settled on a public permissionless blockchain such as the recently connected Binance Chain in a completely safe, secure and compliant way.
https://preview.redd.it/a3o9qxq5t0m31.png?width=443&format=png&auto=webp&s=78d7a7e7d47213bbb354336ba9d5ad92c1c2254a
Regulators would be able to run a node and view transactions in real time ensuring that compliance is being kept. Potentially they could also benefit from using Quant Networks Multichain Search capability http://search.quant.network/ to be able to fully track assets as they move across blockchains.
George O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.”

Securrency

AX Trading have also partnered with Securrency (who have previously tokenised over $260 million in real estate assets). Securrency provide a protocol that enables security tokens to remain in compliance regardless of what blockchain the token is on. Due to the layered approach that Overledger has adopted from the learnings of TCP/IP, this protocol can be easily integrated on top of Overledger to enable security tokens to move across blockchains as well as ensuring they remain in compliance with regulations programmed into the token.
https://youtu.be/vSQ2fu9iZGs

Delivery vs Payment (DvP)

A DvP transaction involves the settlement of two linked obligations, namely the delivery of securities and the payment of cash. DvP avoids counterparties being exposed to principal risk, i.e. the risk that the seller of securities could deliver but would not receive payment or that the buyer of securities could make payment but would not receive delivery. Following this requirement, a DvP securities settlement mechanism has to ensure that the delivery of securities and the payment of cash are linked in a way where one leg (obligation) of the securities trade is conditioned to the final settlement of the other leg (obligation) of the trade. Thereby final settlement is defined as “the irrevocable and unconditional transfer of an asset or financial instrument, or the discharge of an obligation by the FMI or its participants in accordance with the terms of the underlying contract”. — STELLA — a joint research project of the European Central Bank and the Bank of Japan
We have seen how Overledger can provide interoperability for the securities to move across Issuers platforms, integrate with Stock exchanges, Central Security Depositories and AX Trading. Now we need to be able to ensure that payment is guaranteed and in a way that offers immediate settlement which is irrevocable. To do this we need to represent FIAT on the blockchain so that it can interact with smart contracts and settle transactions on the blockchain.

J.P.Morgan’s Coin

J.P.Morgan is the largest bank in the United States and ranked by S&P Global as the sixth largest bank in the world by total assets as of 2018, to the amount of $2.535 trillion.
J.P. Morgan was the first U.S. bank to create and successfully test a digital coin representing a fiat currency. The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional clients.
With J.P.Morgan’s $2.6 trillion balance sheet, expertise in blockchain and global payments network, J.P. Morgan can seamlessly and securely transfer and settle money for clients around the world. J.P. Morgan are supervised by banking regulators in the United States and in the international jurisdictions in which it operates.

How does JPM Coin work?

A Buyer purchases JPM coins in advance which get represented on the Permissioned Quorum blockchain ($1 =1 JPM Coin). Quant Network’s Overledger could then provide interoperability to lock those tokens on Quorum and represent those onto another blockchain / AX Trading’s Network. By being able to represent securities and FIAT on the same blockchain (even though the underlying assets are on different blockchains) this provides instant finality / settlements to occur.
Once the seller receives the JPM coin in exchange for the securities they have sold they will be able to redeem them for USD. It also doesn’t necessarily mean that they have to have a JP Morgan account to redeem them, you could imagine in the future that the Bank instead redeems the JPM Coin and credits the users account. Similarly the buyer of the security token redeems the represented token and unlocks the security token on the original blockchain.
You can read more about JP Morgan’s Coin here as well as its use cases
J.P Morgan is betting that its first-mover status and large market share in corporate payments — it banks 80 percent of the companies in the Fortune 500 — will give its technology a good chance of getting adopted, even if other banks create their own coins. “Pretty much every big corporation is our client, and most of the major banks in the world are, too,” Farooq said. “Even if this was limited to JPM clients at the institutional level, it shouldn’t hold us back.”
Overledger enables different securities tokens / digital coins representing FIAT currencies to be brought together from the various permissioned / permissionless blockchains onto one platform where trading / settlement can take place. Overledger is the only technology that can do this today across the leading permissioned and permissionless blockchains as well as existing networks, all in a secure, scalable and easy to integrate way.
https://preview.redd.it/ngt7q7hdt0m31.png?width=738&format=png&auto=webp&s=60166bdc0fcdf72a502e3472a09de5ddb5e1eb69
Quant Network are working with AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange. AX Trading is not just about trading securities but other digital assets such as Bitcoin, Ethereum and potentially even Quant in the Future.
https://preview.redd.it/ibecorcft0m31.png?width=1286&format=png&auto=webp&s=94540cf49654e36a8155f424c2a4bdb5fd549558
This is a multi-trillion dollar market with huge global enterprises, traditional exchanges and global banks are all adopting DLT at a rapid pace and going into production at scale in a matter of months, examples include the NYSE Bakkt launching Bitcoin futures later this month, Swiss Stock Exchange ($1.6 Trillion market Cap) is due to launch their digital exchange running on Corda (SDX) by the end of the year. The DTCC are due to launch their Trade Information Warehouse which processes $10 Trillion of cleared and bilateral derivatives by the end of the year. JP Morgan who transfer $6 Trillion every day are due to launch their JPM coin at the end of year and AX Trading is due to offer their first digital asset by January 2020.
Quant Network’ Overledger enables the bridging of traditional finance infrastructure with the new decentralised finance infrastructure DeFi of the future, helping to redefine Wall Street and Capital Markets.
https://medium.com/@CryptoSeq/wall-street-2-0-17252ffd8919
submitted by xSeq22x to QuantNetwork [link] [comments]

Asia’s Leading Exchanges Team Up Amid Chinese Fcoin Closure

Asia’s Leading Exchanges Team Up Amid Chinese Fcoin Closure

Experts predict further increase in the merge-and-acquisition (M&A) deals in 2020
One of the leading crypto exchanges in South Korea – Bithumb, announced that the company enters into a pivotal cooperation with BitMax, a Singapore-based digital asset trading platform. The joint forces will concentrate on the development of new services and products to expand the global presence for both Bithumb and Bitmax.
The signed on February 17, 2020, Memorandum of Understanding (MoU) between the two companies comes amid extensive competition in the crypto exchange sector. The main goal of the MoU is to battle the competition with the launch of jointly developed services and products. Bithumb and BitMax would share knowledge and technical expertise in the fields of blockchain and IT infrastructure.
George Cao, CEO of Bitmax, commented on the news about the partnership, stating that “product innovations have always been in the core of our institutional trading platform.”
“We are excited about the new partnership, as now we can combine our know-how and technical infrastructure with Bithumb’s deep understanding of the crypto business. We will work side-by-side to create products and services, operable across the ecosystem of both companies”, Cao added.
BitMax, despite founded in 2018, gathered a strong team of Wall Street veterans, including people with prior experience for Bloomberg, Goldman Sachs, Deutsche Bank, and Gemini. Even Greg Cao is the former CIO of Delpha Capital Management.
Bithumb relies on the expertise level of the people at BitMax to further improve its products. BitMax, on the other hand, is one of the top-10 global market players, based on liquidity. The cooperation would enhance Bithumb’s security, as the exchange suffered from at least three hacks during its lifetime.
The partnership comes amid Chinese crypto exchange FCoin shutting down operations, leaving $125 million worth of cryptocurrencies away from its clients. According to Zhang Jian, the founder of FCoin, the company may not pay its users around 13,000 Bitcoin. Despite Jian reassuring clients that the shutdown of the operation is not an exit scam, crypto experts are on the opposite opinion.
Zhang announced that the shutdown is a consequence of a series of data errors, and that “the problem is hard to explain with plain words.”
FCoin is a rather new exchange – it started operations in May 2019. FCoin quickly became a news sensation, reporting record-breaking trading volumes with its innovative “transaction mining” business model. However, several crypto enthusiasts reported that the trading volumes are not real. Some users even accused FCoin of using bots, which “manipulate” prices.
Signals for fraudulent behavior started from the get-go since FCoin distributed half of its native tokens without airdrops or an ICO campaign. Changpeng Zhao, Binance’s CEO, even called FCoin a Ponzi scheme, stating that “FCoin’s founder apparently found a better invention than Bitcoin. However, the large number of data-derived problems that we noticed, as well as dividend and mining returns, would not result in any good.”
During the shutdown, FCoin utilized its risk-control account, further increasing the speculation about FCoin committing and exit scam scenario. However, Zhang wrote that he, personally, would reply to everyone, seeking to withdraw funds. Zhang even mentioned a compensation mechanism from his other projects, but as of press time, there is no evidence of the existence of such businesses.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Recap of AMA with Zac on July 3 and Q2 report

Dear Pundians,
Thank you for participating in the AMA session with Pundi X co-founder and CEO Zac Cheah.
For those of you who may have missed it, the live recording of the AMA session held on July 3 at 10:00 am GMT+8, tackling Q2 progress and addressing questions and concerns by the community members, can be viewed here. A side note that today’s AMA video quality and setting was not ideal. We acknowledge this situation and will make improvement for our next AMA session.
You may also find a summary of the Q2 progress presentation as well as all the detail Q&A below.
## Pundi X Q2 2019 Highlights
* Pundi X has integrated more public chains into our products. In Q2, we completed integration of Binance Chain. NEM chain is in the work. As of today we’ve launched BNB, the Binance Chain native Coin and XEM, NEM native coin on Pundi X payment platform. We will integrate at least one more public chain in Q3.
* The transactions on XPOS for Q2 is 15.5 million in USD, which is close to 300% quarterly growth. The number of transactions is 29,367, which leads to a 11% growth QoQ.
* XPOS has successfully received FCC and KC certifications. A new certification for Latin American market is on the way. * To expand XPOS footprint, Pundi X’s integration with a new leading mainstream point-of-sales device is in the work. Stay tuned for the announcement.
* Pundi X Open Platform was launched in May, 2019, which now supports ERC20 and BEP2 token listing. Moving forward, we will continue to support tokens from other public chains.
* A 3,000 XPASS order from DigiX, a gold-based token, and a 10,000 XPASS order from BitCobie this quarter.
* XPOS is spread in use in over 30 countries. We’ve published a map of XPOS location of self-report XPOS merchant directory. You can find a list of selected XPOS merchants at [https://www.pundix.com/products\](https://www.pundix.com/products). * The QoQ growth of XWallet is tremendous at 43%. In the previous quarter, we have less than 20k users, whereas in Q2 we have hit 297k XWallet users.
More updates on XWallet:
* Supported BNB and NEM tokens; 2FA, face ID, and optimized SMS serviceAvailable on iOS, Android as well as in Samsung Galaxy Store
New features coming up in Q3:- DApp integration - Decentralized wallet- In-app crypto payments - Chat service, which will be compatible with a commonly used chat app- f(x) testnet features to be rolled out first in XWallet
## Other notices coming up in Q3 2019
* The Q2 token removal will take place on July 14, 2019, which will involve in total 34 billion of NPXS and NPXSXEM (22 million worth in USD) removal. In the past 365 days, we’ve removed a total of 36.1 million US dollar worth of NPXS and NPXSXEM.
Before Q2 removal, the total supply of NPXS ERC20 is 266,962,422,906.53 and NPXSXEM is 95,816,218,929. [See Q1 removal here.](/pundix/recap-of-ama-with-zac-on-july-3-and-q2-report-a23de165dd28)
* [NPXSXEM will be ported to Binance Chain from July 20](/pundix/npxsxem-will-be-on-binance-chain-c6485f17726b). * XPhone pre-order will start in late July with a new product name. Stay tuned. Check out the teaser video that we are releasing it across our communication channels. ## Q&A
## On XPOS
* **Where are we on official global location of XPOS?**
Zac: We have made a map on our official website that merchants can self report and feature their locations. It’s at [https://www.pundix.com/product\](https://www.pundix.com/product). We’ll be increasing and updating the map once we have permission form the merchants to update their locations.
* **The marketing from pundi has shifted from 100,000–700,000 xpos units by 2021 to 100,000. I understand the bear market has affected this but please share the strategy moving forward to hit your goal. How do you feel about hitting this goal?**
Zac: The 100K XPOS target has always been the initial goal and it’s stated in our whitepaper. And we are still working on achieving the goal by the end of 2021. Part of our growth strategy is to also explore the possibility to port our platform to traditional POS manufacturers to increase the adoption, which is ongoing at the moment.
* **1 year ago you sent 5000 XPOS somewhere. When, at least half of them, will be working? 3 year target was 100,000 by 2021. Now we have only 150 units, how do you expect to reach this goal?**
Zac: Yes, we have shipped thousands of XPOS to over 30 countries in the world. The 150 you’ve mentioned are the featured merchants which are published on the map. The active XPOS devices are deployed over 33 countries and we are actively talking to B2B partners to have higher wholesale and big deployments.
* **How many XPOS are live and used?**
Zac: We have gone through a very serious bear market, and some of the initial inbound requests for XPOS are not delivered. However, we are working slowly but surely with our Business Development team to not just roll-out into individual buyers, such as what we did on Pizza Day, but also to B2B partners. With the certifications approved, that will also help us to officially roll out to some of the key markets.
Individual merchants can use XWallet collection feature to accept crypto payment with QR code. For the merchants who have physical offline storefronts, they can use XPOS to enable the instant crypto transaction seamlessly. Moreover, as mentioned previously, we are exploring the integration on leading traditional POS terminal so that their distributors have option to enable crypto transaction feature. As for the challenge to adopt XPOS, it is the regulatory compliance in different countries. For this, our legal team think ahead and encourage our merchants to complete KYC.
I must be very honest to say the activation takes longer time than we expect but it will be worth at the end.
* **What’s the average number of transactions per xpos in use?**
Zac: The transaction number has increased very well. The number of each XPOS differs, due to the frequency of using crypto currency to purchase item or crypto assets. There’s no standard answer to this, but overall we see the transaction number and volume are going up.
* **How do you plan to reach the target of 100,000 by 2021?**
Zac: One of the challenges that we have is regulatory compliances in different countries. There are certain markets that do not allow crypto currencies and some require a clear approval for us to deploy XPOS. We are working on both challenges by talking to governments and applying for certifications. So how we plan to reach 100,000 XPOS user by 2021 is to work with distributors, B2B partners on a government / business level, and with existing POS companies to integrate our software solution into the system.
* **We understand as there was bear market and hence Xpos usage demand was low. Are you guys seeing growth of Xpos usage with current market conditions. Can you guys put some statistics comparison like last 30 days Xpos usage vs any month from bear market usage?**
Zac: It is very clear that as we moved out from the bear market, the demand for XPOS has been increasing. As we’ve shared just now both the transaction number and volume of Q2 have beaten Q1. We’ll be able to share more transaction numbers once we receive approval from our XPOS merchants.
One exciting thing is that, with the listing of different tokens, we also see users using these tokens as a way to transact on XPOS, which means we will be having more ways to transact and this is a growth point for XPOS.
* **When will there be more details for XPHONE and XPOS HANDY?**
Zac: For XPOS handy, we have finished production and it will be released in Q3
* **When will the iOS version of XWallet and XPOS be fully translated to other languages?**
Zac: Right now, the XWallet has Traditional Chinese, Korean, Spanish, German and English. With the latest version update, it now includes Portuguese. XPOS also comes with many languages and we hope to finish with more language, either working with professionals or volunteers. If you’re interested in volunteering, please contact us.
* **When will the Merchant back office have Product Registration and SKU id ability and also integrate with other POS software?** * **When will the top-up feature go away for XPOS to allow liquidity for XPOS**
Zac: We constantly update features in XPOS and merchant backend to make it easier for distributors and merchants to use. We understand that one of the ways for mass adoption is to enhance our distributor management system. With that, the distributors can manage manay XPOS at one time with different merchants.
Please stay tuned as we announce more and more functions of this feature.
## On Dubai
* **When will we see the deployment of the XPOS in Dubai?** * **Can we spend NPXS on the Dubai XPOS?**
Zac: As with all big projects there are a lot of moving parts, that includes working very closely with the local government, in Dubai’s case, the Credit Bureau of the Finance Ministry. Things are progressing for the Dubai project but due to confidentiality agreements with the parties involved, we cannot reveal much. All we can say is that we and our Dubai partners are working hard to have XPOS roll-out in the Dubai market and the UAE.
We are also discussing aggressively with Dubai partners whether to include crypto assets in the XPOS in Dubai. That clearly will involve local compliance and legal for that to happen.
* **Your system upgrades expect merchants to have downtime on their XPOS terminals, can you explain if you plan to run a business why this would be considered feasible (specially at the rate you have been doing your upgrades)?**
Zac: Yes, the benefit / strength of the XPOS is that most of the updates can be done on the fly. For example, when we have a token update on our XPOS where developers submit their tokens on Open Platform, the updates of this token are on the fly, which means that once we approve the token on our Open Platform, it will automatically appear on XPOS without any software updates.
The great thing that we believe about XPOS is not just the support of crypto assets, but also the ability to update most things on the fly, which means that whenever we have a good feature or a new token, the updates will be done instantaneously.
* **Can you guys arrange at least a community voting which is the next blockchain we would like to see next in XPOS? Voting will help to prioritize to chose the projects.**
Zac: One of the reasons why BNB is being listed on the XPOS is simply because of its popularity and also our user demand, in a way that we are already answering to our community’s request.
Right now, our main focus is getting all the tokens submitted on Open Platform to be listed on the XPOS. The submission process includes legal and compliance valid, so our legal and compliance teams are working hard to make sure that we have more tokens to roll out onto Open Platform, which means that they will be on XPOS, XWallet, and XPASS.
As to a specific voting mechanism, we’d like to consider that and hopefully we’ll be able to run a specific voting for the chain which users would like to see.
* **While comparing Xpos handy to Square POS devices at least with mobile it’s very cheap like under $30 and easy to use. When can we expect such light weight and cheaper version for XPOS? Is team working on such devices ?**
Zac: There are different POS companies around the globe and pour focus is to work with these POS companies with our software, so that a crypto sales feature will be part of the existing POS system. The more support of crypto asset usage using our software on existing POS, the better it is for global adoption.
We actually strongly believe that the pricing of our POS system is competitive in the market. And one of the great features of the XPOS is that the merchants will not need not to pay a certain percentage to existing acquirer but to be able to earn certain percentage from each transaction. That is the key differentiator for merchant to want to adopt this.
* **From the website with some of the key Countries for XPOS adoption looks great. However, the concern is for Venezuela, there is no reference link like the others have. Can you guys add the link with details to clear the ambiguity?**
Zac: Let’s give a little bit more patience so that we can actually release more information about our Venezuelan partnership. The good news is that we expect concrete news from Venezuela in the coming 2 weeks. So stay up-to-date about our Venezuelan roll out on XPOS, the best way is to subscribe to our telegram group for Venezuela.
## On Partnerships
* **Are there some major partnership in the works? I’m also interested in how you do immediate transactions? Do you anticipate scaling issues?**
Zac: The way XPOS is being designed is that when you use your crypto assets to purchase, it will have instantaneous confirmation because the action is an off-chain process. An on-chain action happens when a user who owns crypto assets in our system transferring the assets out of the Pundi X ecosystem to their own wallets; or to transfer crypto assets in Pundi X from an off-chain to a private wallet, which we will have very soon on XWallet itself.
That is why we are able to handle scaling. When a person wants to use crypto currency to buy a coffee, the transaction will happen instantaneously.
For specific partnership, especially with B2B partnership, we oblige to the NDA that we have signed. But if you follow us closely, you’ll know that we go to different parts of the world, talking to major companies to try to land more deals so that NPXS usage will increase dramatically.
* **Any big partnerships for making xphone or using the software for xBlockchain?**
Zac: These partnerships are also subjected to NDA, so please be patient for us to release more news.
* **When will XPOS have approval to process Visa and MasterCard payments?**
Zac: We have met representatives from these players including some of the key management people. They are obviously looking into crypto currency attentively, and we hope that there’s something we can do with MasterCard and/or Visa.
This is something that the community has suggested and we agree fully. Please allow us with some time to work on this. We have also showcased XPOS to the CEO of MasterCard. For what or when will anything happen, please wait for our official announcement.
* **What’s the status on Quantum fund and their contribution or involvement with Pundi’s project?**
Zac: We announced last year that we are creating a fund to invest in projects beneficial to our ecosystem. We’ve identified some interesting projects, and we have invested in at least 1 project. The reason why we’re investing in that project is because of the services that it will bring onto the Pindi X ecosystem. So the purpose of the investment of the companies is that these companies in turn will benefit on our ecosystem. This is our key consideration.
The team has evaluated the projects that will benefit the Pundi X / Function X ecosystem. Vic and his team will be able to reveal more details on the companies we have invested in and how they will contribute to our ecosystem in Q3.
* **Recent update on NPXSXEM is highly ambiguous as mentioned that it will be now BEP token and later once FX goes live it will get back to Fx platform. Why you guys had so rush to use Binance chain only for few months? Isn’t you guys switching to much in a short time span?**
Zac: Liquidity and utility have been an issue for NPXSXEM. Due to the design philosophy and the limit of token that can be created on NEM’s smart contract, we are only able to create a small number of tokens on NPXSXEM. By moving into the Binance chain for NPXSXEM, the BEP2 token version will be able to support all the NPXSXEM tokens, which means that we’ll migrate and also be able to make sure all the NPXSXEM tokens are under the same contract address.
We believe with the strong liquidity, we will be able to give our NPXSXEM token holders a good reason of what the token holders have been waiting for. We hope to bring NPXSXEM to match the level of NPXS.
* **When #XRP?**
Zac: Our OpenPlatform is a currency agnostic platform, which means that we will work on integrating public chain as well as tokens that are most requested by the users. We’ll also be looking into the listing of different tokens that are being mentioned by the community.
As said, we will have at least one more public chain integration in Q3, perhaps even more.
* **Are you as a company going to try and connect with libra? If they have said they want to be a payment remittance service, have Square, PayPal, Visa on board I as an investor would prefer you try to join them rather than beat such large competitors**
Zac: Of course, we’ll be delighted to work with Facebook and also the Libra coin. Pundi X and XPOS is a currency agnostic / currency neutral platform, if there’s opportunity to list Libra coin or work with Facebook in different ways to promote crypto currency adoption, we’ll certainly look into that and work on reaching out to them.
## On Trading
* **Can you confirm during AMA, Pundi team is not involved with any trading with their own token like selling over time to manage the fund to run the company.**
Zac: All the wallet addresses of the team holdings are disclosed and transparent. This is one of the first things that we did after ICO. Hence, our token holdings are transparent and everyone can monitor our fund transactions. Also, we have strict internal financial regulation and compliance, shows that we are here to build a long-term project.
The best way to make NPXS or the NPXSXEM to rise is real daily life use case.
* **When will you stop manipulating NPXS chart?**
Zac: Our focus has always been and will be building great products. The more product usage, the demands for NPXS and NPXSXEM will increase. Let’s address again that, Pundi X the company is NOT involved in any manipulation of the NPXS price.
There are trading teams, market makers, financial institutions that profit from the drop and rise of token prices in the crypto market. The good thing about NPXS is that we have managed to create a high liquidity by listing on 40+ exchanges and having global trades and demand from all over the world. We hope this and coupled with the fact that we are a solid product and roll out the use cases, the demand of NPXS will only continue to rise and will be able to deter any of the traders or speculators there is for NPXS.
These traders gain profit from manipulating tokens whether BTC or other tokens. In fact, the traditional financial markets have similar challenges as well. What I want to stress is that, we at Pundi X, do NOT speculate or manipulate the price. We work very hard to create demands for NPXS and as a company, it is only beneficial for us to see the prices of NPXS and NPXSXEM rise.
* **Can we please address the elephant in the room which is the Binance bot with huge sell walls and buy walls causing huge distress and concern among users?**
Zac: First, I cannot confirm nor deny that whether Binance has a bot. I think this is something that you need to ask Binance. We need to work with Binance because Binance has one of the biggest liquidities, if not the greatest liquidity, for NPXS. The best way to counter manipulators is to create more use case, more demand and more acceptance of our tokens.
* **Why on almost all exchanges do you not offer a USDT trading pair?**
Zac: We have USDT trading pairs on Bittrex, Bittrue, and more. In addition, we have fiat pairs in Korean Won, IDR, INR, and Turkish liras. We will continue to work on adding trading pairs for NPXS to make it more liquidate.
* **Why don’t you offer a stable coin sell and purchase on the xpos to help with adoption? Places in Africa with volatile currencies would go crazy for this.**
Zac: It’s a great observation. This is a request that’s been asked from many users. We’re working on stable coin listing on XPOS and hopefully it’ll come soon. Stable coin requires a greater compliance and legal validate, which we have been working on since months ago and we hope to have the stable coin up in XPOS soon.
* **When will you add an active tracker for coin burn, whether its measured in usd, NPXS or whatever you choose. The community has been asking for this on twitter, reddit and telegram for this entire year.**
Zac: It will be hard for us to have a daily tracker of the coin burn, but what we might be able to work on is a tracker which have shown all of the tokens that have been removed from the usage. Thank you for giving us this great suggestion and we will work on it in some form.
Zac: Our token supply has always been specified in our white paper, and as promised in our white paper, we will continue to remove tokens through usage and use cases, which we’re working on all the time.
* **Price movement. When will NPXS go to which price?**
Zac: We cannot comment on the change of the price. Our focus is on building products. We hope by doing that the NPXS value will go up. Again, there’s no way that we can comment on the price.
**I believe that burning tokens every 14 weeks keeps the price suppressed and will only lead to huge pumps and dumps. Imo, If the burns were more frequent, the price would move organically.**
Zac: We continue removing tokens quarterly per advised by our legal and compliance team.
**Is it mandatory npxs swap? What happens for token we have in binance?**
Zac: No it’s not a mandatory NPXS swap for FX.
**How many NPXS or NPXSXEM was converted?**
Zac: In Q2, we will remove 29B NPXSXEM and 9B NPXS.
## On XWallet
* **Why not put in XWallet like the place where we can buy and sell like restaurants and shops?**
Zac: You are correct. In fact, if you look at XWallet, there is a merchant feature, whereby you can register as a merchant. By becoming a merchant, you will be able to print out your QR code and stick it on your restaurant. People are able to make payment through this QR code. This will act like a mini-XPOS.
* **In addition to that having multiple different blockchain in XWallet will increase the XWallet adoption. Hence, we would like to see aggressive game plan and execution from the team and would like to hear that**
Zac: That’s a great suggestion. Every day we want to increase use cases for XWallet. In fact, our XWallet update is one of the most frequent in the market. Within 5 months, we have over 10 updates on iOS and Google Play. This does not include soft update which happens every several days. In my view, the effort is very tremendous.
* **Is there any plan to add Swap option within XWallet so that people can trade the coins within XWallet?**
Zac: Yes, there’s such plan and in fact there is an upcoming feature that people will be able to use coins in XWallet to exchange into other things. The exact form and format have not been reviewed. We hope to share more when we have concrete example. But what you suggested is what we are planning for months ago.
* **When will XPOS and XWallet have fiat on ramps?**
Zac: This is a good question. It’s not only involved with regulatory compliance but also involved the technical part. This is also something we are planning for months. Once approved, hopefully we are able to support fiat currency on ramps and off ramps on XWallet.
**On Others*\*
* **How is the internal organization doing? Currently how many employees work for Pundi? Currently how many job positions are open?**
Zac: Pundi X has grown tremendously. We are now having over seven offices around the globe. I’m sitting in the Singapore office. We have office in Jakarta, Taiwan, Tokyo, Shenzhen, São Paulo and London. These are the places we have physical offices and house approximately 100 full time employees of Pundi X.
The positions open from Pundi X are legal associate in Singapore and other offices. We are looking for more R&D people, especially in Taiwan. We are looking at marketing and PR people in different parts of the world. And we are looking for POS distributors. As a POS distributor, you will work with our business development team and also our technical team to roll out many XPOS which you have a network to control in your local market.
* **Would you consider removing the KYC to allow u.s. holder to stake and be rewarded?**
Zac: We would love to have more users, including US. However, our compliance and legal advisors have not allowed us to accept US holders to stake and be rewarded.
I’m sorry to say that but this is after serious consideration to make such a decision. In fact, it is a very hard decision because we have healthy user base in the US.
will continue to monitor the situation in the different markets and be compliant. There are also ways to be rewarded when using XWallet service without KYC. We are looking into to explore more on this and launch new features. Hopefully we are able to bring the beta version for you to test this week or next.
**On XPhone*\*
* **Where are we on pre-sale announcement of Xphone? It was highlights of Q2 goal. If we are getting delay, that’s ok. But at least community will have some clarification why it’s getting late and when approximately it coming?**
Zac: Pre-sale order will start this month. It’s likely the end of July. Pre-sale will take place in different channel including the official website and XWallet. Apart of our own channel, the pre-sale will go live on a 3rd party channel. People will be able to pre-order crypto either in crypto or in fiat.
* **Can you discuss in AMA, is participants can pay with Crypto or Credit/debit card or in both ways?**
Zac: As a crypto company, we prefer payment in crypto, but fiat, Visa, MasterCard, and other traditional payment methods will be accepted on different pre-order channels. Stay tuned for pre-order which will happen in late July.
* **Will the Xphone be open to purchase in all regions of the world?**
Zac: Yes, pre-orders will be able to be done on-line, and products will be shipped from our offices to users in different parts of the world.
* **Will the blockchain mode on the Xphone be operable during the testnet or will this function not work until mainnet?**
Zac: XWallet and XPhone are the first channel and avenue for Function X testnet, so once the testnet is operateble, we will start to engage certain services on XWallet and XPhone into Function X testnet, and ultimately into mainnet. Slowly but surely.
* **Does Xphone have hard protective cover,extra Sim slot, also is it enhanced with ip68 water rating?**
Zac: XPhone will not be waterproof, so please do not submerge XPhone into water. XPhone will definitely be eavesdrop-proof because we’re using a blockchain mode, only you and you control your own conversation.
* **Which country accept the Xphone?** * **Will I also be able to use the SIM-card?** * **The blockchain modus will work in every country (what in the absense of nodes)?** * **Will the XPhone I buy now support updates in the future?**
Zac: People from any country will be able to buy XPhone on-line. You will be able to use a SIM for we have built a SIM slot. Wherever you are, the XPhone can be turned on to become a node.
Will XPhone support future updates? Yes, of course. Just like the XPOS, we support silent update. It will be like how we support XPOS, many updates. The updates will always be supported on XPhone.
**On Function X*\*
* **When is the detail white paper coming for FunctionX? Why the team is very resistive to have well documented white paper? We need scientific approach and well documentation on FunctionX to have developers to be more involved.**
Zac: Yes, developer involvement is a key criterion of the growth of Function X. We have done 2 things, one is that we have set up Function X Foundation which is led by David Ben Kay and will involve third party adviser and board members. Second, we have set up a developer relations team led by one of our own members as well. This team will work on creating developer documents, developer demos and sample, so that excellent developers can tap into working with Function X resources.
The first version of developer documentation is ready in English and Chinese. We are still polishing up the documents and hopefully to release them soon.
We are also working with third party developers, and are engaging at least 2 third party developer companies, so that we can help create their services on Function X and also XWallet.
We are hoping to showcase a smooth and usable service to the audience, we think this is the key criterion of the Function X growth.
Thank you for this suggestion. We need to update more often on github developer documentation as well.
As for the white paper, we did not have one per se because Function X did not do an ICO. But we will continue to update our white paper and include not only technical details, but also details on the chain and how we can get more developers and users so that the future hardware will be added as a node and you will be rewarded financially, at least through our ecosystem genesis fund. Please stay tuned and there are a lot of things going on in the company. Each and one of us is working hard.
* **Why does the FX ecosystem need a decentralized OS?**
Zac: The mantra of Function X is decentralization and having private control of your data. A full private control of your data comes with a decentralized system not just in transmission of your data, but with the operating system built fully for decentralization , which includes a transmission protocol replacing http. The apps uploaded into Function X will be decentralized as well as the data that is stored on the app, which means that how BitCoin or crypto assets are verified on different nodes will also be part of the way we store data and content.
The decentralized OS is key to fulfilling a decentralized environment for a more private and free usage.
* **What about FX are you most excited about?**
Zac: We are actually creating a shift of how people view of blockchain and how decentralization is not just about transacting commercial commodity, but also data, including your identity, are all decentralized. That is what we are most excited about.
The only way for us to achieve this is to have developer support, for we need the developers to build on the foundation we have to offer those exciting services.
* **We understand that developing a new blockchain is time consuming. As a community we are in a dark space to understand where exactly the development of FX right now.**
Zac: We are working hard on creating the testnet and eventually the mainnet. For the latest updates of Function X, what I can encourage you to do is to go on and subscribe to the Function X telegram group where discussions are made. We have formed the Function X Foundation and created the developer relations team, so that the Function X progress will go smoother and with more partnership from outside, whether it’s developers, third party companies, teleco, etc.
* **When FX goes live on the mainnet, will FX coin be used to stake and earn NPXS? how will staking work on that new mainnet?**
Zac: The NPXS/NPXSXEM staking will last till March 9, 2020 as announced. What we are committed is to create more use cases. For FX tokens, the use cases will be focusing on the Function X Chain and the use cases on Function X that include DApp on Function X and different hardware/software services.
* **When fx testnet will be available?**
Zac: First I would like to thank you for your constant support. In Q3, we plan to open Function X testnet so that we will be migrating and creating certain use cases that can be used on Function X testnet, starting with our own XWallet. Which means, the XWallet will migrate some features into Function X testnet, and slowly followed by our other Pundi X products, including XPhones, XPASS, Open Platform and Function X own developer related products from third parties.
submitted by crypt0hodl1 to PundiX [link] [comments]

Binance Singapore VS CoinHako  Pros & Cons  How fast is the exchange? Cryptocurrency Exchange  Binance  CSO Gin Chao Binance Takes Additional Steps to Tap Singapore’s Crypto Market Exclusive Interview with David Kao, Binance Singapore Binance SG Singapore  Free $20 SGD Extension!  How To Make More Bitcoin!? binance exchange CEO Changpeng Zhao  coinmarketcap conference  exchange to ecosystem Singapore Buy Bitcoin - Kris Marszalek CEO Crypto.Com  On Binance  CRO MCO Utility  Crypto.com Exchange Crypto Market Plummets, XRP Crossroads, Binance Singapore & Lawsuit Against Bitcoin BINANCE COIN - Crypto Love's Thoughts on $BNB Ep. #35 Ted Lin, Chief Growth Officer, Binance at Binance Blockchain Week, Singapore

As it has promised to do, the Binance cryptocurrency exchange continues to push across the globe. It has launched new fiat-to-crypto exchanges in countries such as Australia, Uganda, Lichtenstein and Jersey and has plans for one in Argentina, as well.Now, it has announced that a new fiat-to-crypto exchange will be launched in Singapore later this month. Jack Tao, the CEO of Singapore-based Bitcoin derivatives exchange Phemex, told Crypto Briefing: “DBS’ recent move is yet another sign of the increasing demand for cryptos by both retail and institutional investors. Their ability to offer exchange services between digital currencies and Singapore dollar (SGD), Hong Kong dollar (HKD), Japanese yen (JPY), and U.S. dollar (USD) will create a ... Cryptocurrency exchange giant Binance will launch its new fiat-to-crypto platform in Singapore next week, its chief financial officer said. CEO Changpeng “CZ” Zhao announced in early April ... Binance Singapore has a partnership with Xfers, a local fintech startup to allow the platform to charge the lowest trading fees compared to any Singaporean crypto exchange. Singapore FAST takes care of deposits and withdrawals on the exchange. Binance Singapore review. Binance Singapore allows you to buy only five cryptocurrencies – bitcoin ... The easiest way to buy Bitcoin & cryptocurrency in Singapore instantly with Binance.sg - Set up and verify your account today! Support. Announcement. Register. Log In. The Easiest Way to Buy Cryptocurrency in Singapore. Industry-leading security and full 24-hour support from Binance . Buy With. SGD. Buy. Get Started in Just 3 Steps. It's easy for anyone to get started, even if you have never ... Binance, the global blockchain company behind the world’s largest cryptocurrency exchange by trading volume and users, today announced its investment in Tokocrypto, the leading regulated cryptocurrency exchange in Indonesia.. The funding will be used to accelerate the growth of Tokocrypto’s business, including new products and services, technology enhancements, nationwide expansion, and ... Binance CEO Says Crypto Exchange Has Applied for a Singapore License Feb 17, 2020 at 09:00 UTC Updated Feb 18, 2020 at 15:54 UTC Binance CEO Changpeng "CZ" Zhao. CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of customers worldwide and allows users to buy bitcoin with a credit card or debit card seamlessly.. CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability. CEX.IO accepts deposits in USD, EUR, GBP, and RUB. Binance, which is one of the largest crypto exchanges in the world, is ready to launch its new fiat-to-crypto platform in Singapore next week. The CEO of the exchange, Changpeng Zhao announced the news a few days ago saying that the exchange is coming up with a Singapore based Fiat-to-Bitcoin in April month. However, now even the timeframe is ... Binance cryptocurrency exchange has formally applied for a license that will enable it to operate in Singapore as a bitcoin (BTC) trading venue and crypto exchange in the region, in accordance with the recently implemented Payment Services Act (PSA), according to a South China Morning Post report on February 17, 2020.. Binance Vying for Singapore Crypto License

[index] [16357] [1790] [16690] [18880] [16779] [18729] [1100] [19682] [18809] [5711]

Binance Singapore VS CoinHako Pros & Cons How fast is the exchange?

In this fireside chats inspired episode, I will be sharing my thoughts on Binance Coin for 2020. Binance Coin is a cryptocurrency used to pay fees on the Binance cryptocurrency exchange. Binance exchange CEO Changpeng Zhao in coinmarketcap conference on exchange to ecosystem topic @Singapore.he discussed how he created Binance coin (BNB)and binance exchange. he has given lots of ... Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. Capable of processing more than 1.4 million orders per second ... #Bitcoin Addressing the audience at the ongoing #BlockShow Asia 2019, CEO of Crypto.com #Kris #Marszalek stated this is going to be the most liquid and secure exchange platform for cryptocurrency. We caught Ted Lin, the Chief Growth Officer at Binance, on the sidelines of the Binance Blockchain Week in Singapore recently. Prior to joining Binance, Ted has held several roles in sales and ... Binance isn’t the only one to see the potential of Singapore’s new regulations. Crypto exchange operators Luno, based in London, and Liquid out of Tokyo have also expressed their intention of ... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Binance Singapore is a new exchange that has opened their doors to Singapore crypto buyers / sellers / beginners as an entry point to cryptocurrency. Coinhako has been around since 2014 and has ... Exclusive Interview with David Kao, Binance Singapore Binance is a cryptocurrency exchange platform that combines digital technology and finance. It's not easy being at the top, and Binance is ... Binance SG Singapore Exchange has extended their referral promotion for Singaporean / people living in Singapore to get a chance to get an easy entry into the cryptocurrency space!

#