Security Token Exchange Operator MDX Names New CEO

Chris Truce, a decision-maker at Saxo Bank, has recently joined the board of directors of Malta Digital Exchange. Malta Digital Exchange (MDX), which is bringing in a security token exchange platform, has named Chris Truce the new non-executive director of its board of directors, Truce is the head of fintech at Danish investment bank known as Saxo Bank. He has worked in the business services sector for more than 15 years and enlarged his knowledge in digital business conversion and API-first developments.

Truce had numerous responsibilities at foremost investment banking companies before working for Saxo. He was an account manager at ING Bank Australia’s construction and property finance unit, assistant portfolio manager at ANZ Bank’s property money unit, and an intern at Macquarie Bank in Australia. At Saxo Bank, Truce is tasked with the commercialization of the bank’s Open Banking Solutions and the growth of Saxo’s fintech collaboration policy.

Given his wide-range knowledge and involvement in fintech and worldwide monetary industry, Truce will hold an optimum role at Malta Digital Exchange, which will allow him to lead the company’s premeditated international growth. With the predictable MDX security token exchange introduction set to touch upon Virtual Financial Assets (VFA), it is comprehensible as to why the company is looking for the best in the industry. As stated in Bitcoin Exchange Guide, being a committee member of the monetary Markets Association Malta, Truce has adequate know-how in managing MDX.

At present, MDX is looking to get a license from the Malta Financial Services Authority. Because of the blockchain-friendly environment and promising legal framework, the team has chosen Malta as the perfect place for its security exchange product.

MDX is working to develop a platform to trade security token exchanges, which might transform the wealth markets by safeguarding higher liquidity, suitability, clearness, and safety, as published in Cryptovest.

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Denmark’s Biggest Danish Crypto Exchange Closes Operation, Reports Bankruptcy

Crypto exchange Danish, Denmark’s biggest exchange recently stated that it would not allow the cryptocurrencies like Bitcoin. The exchange delivered a platform for users to purchase and sell cryptocurrency using a credit card or a bank transfer but has been forced into bankruptcy. As per this exchange, it was forced to close its operations as there was an argument between the firm and a credit card vendor.

The exchange further stated that it was not sure about the corporation’s facility as the company’s liquidity is imprisoned by the credit card issuer concerned. If the funds are not released, the firm would not be able to function.

According to a lawyer working on the case, Niels Juul Mathiasen, this credit card seller has suspended the company’s liquidity and this is the reason why the firm ran out of money and was unable not continue its operations.

However, Crypto exchange Danish is sure that the problem will be determined and solved soon. It will be able to continue operating. The company’s CEO, Fredrik Grothe-Eberhardt, mentioned that the firm wishes to buy the website and regenerate the business in three months.

In April 2018, the major bank in the country, Danske Bank, has commended against crypto and even banned cryptocurrency investments. As per Computerworld, the bank stated that the cryptocurrency can’t offer the same protection offered by traditional currencies or investments, adding that there is a great absence of clarity regarding cryptocurrencies’ fundamental value and that the crypto ecosystem was just a financial crime and money laundering.

As per a report published in Coingeek, recently reports raised following a secret operation that banks through Europe including in Denmark where they had assisted customers to steal more than $60 billion. The crypto exchange Danish Wemovecoins was established in 2015. Subsequently, then they have provided clients to buy and sell bitcoin with a credit card or bank transfer.

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Checkmate Capital (CHC) Makes Investment In Bcause Crypto Exchange Operations

Health Checkmate (CHC) recently announced that it will be investing in the Series B Capital round for Bcause LLC cryptocurrency exchange operations. The Bcause LLC is supposed to be the maker of what is the world’s first full-stack crypto network. Over here CHC will obtain a yet-undisclosed amount of equity shares of Bcause. This will allow Bcause to open their spot crypto exchange in the near future. After that, they would together direct a project which would launch exchange-related crypto creativities and will be co-located in the Asia region.

As per Benjamin Lye, Vice President and Head of Digital Assets, Checkmate Capital the worldwide experience of the Bcause management team, chiefly with creating multiple exchanges in Asia, is dangerous in performing on the premeditated plan to make feasible cryptocurrency exchanges in Asia. This will lead to a clear resolution and task for the Asian partners, associated who wish to look for purposes and outcomes for the communities they help.

Bcause CEO Fred Grede stated that cryptocurrency exchange operations pledge signifies the firm’s second strategic investment from the Asian region and will further distribution into Asia. The firm is happy to work with CHC by playing an exclusive role in the developing crypto marketplace and advancing the growth of cryptocurrency trading in the region. For the Series B, ASGARD Partners & Co. was appointed as strategic and capital markets advisor to Bcause. Lehman Bush, an Asian-focused, field boutique private equity Investment company with offices through Asia, is presently acting as the companies Asia-based planned industry partner, as stated in CryptoNinjas.

About China Health Checkmate (CHC)

China Health Checkmate (CHC) is a joint-venture entity that was established between Checkmate Capital (Checkmate) and its large financial services and healthcare partners in Asia. The company has built and run successful regulated cryptocurrency exchanges and clearing houses. It is an investment group managing family office assets and Asian-Pacific institutional funds. As per Bitcoin Exchange Guide, Checkmate’s main areas of investment are energy technology, biomedical and biotechnology, and expanded special situation occasions. Checkmate’s investment partners offer experienced and varied expertise in their applicable industries and influence a strongly efficient international ecosystem of strategic partners, business aptitude and capitals.

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Real-World Problems Getting Solved With Use Of Today’s Crypto Exchanges And ICOs

The conventional of ICOs are resolving real-world difficulties with the use of crypto exchange and blockchain technology. But not all of them need a coin or token to do this. That’s because the applications of blockchain technology and smart contracts can often get the same results with the coin or token. ICOs are is currently becoming a key technique to find funding. This is an enormous deal, given that this was the first main year for ICOs, ever- and an up year for IPOs. Given that this year’s ICOs have already made more than $6 bln, they may soon be opposing IPOs in total size.

Maximum number of ICOs have become a modest case of resolving the correct difficulty with the wrong business model. Their know-how is obligatory in the market but a token might not always be required.

Initially, the whales were capitalizing in all types of new initial coin offerings with the potentials of maximum returns, decentralization and commotion. This had led for new companies to raise funds through initial coin offerings, a substitute for traditional venture capital. At present the market has changed, investors are looking beyond the ICO. As per Forbes, the crypto whales have become aware of this, it is believed that some ICOs must drop the ICO’ and must take a position to a ‘blockchain-based company or make use of crypto exchanges.

However, the massive mainstream of blockchain ICOs which occurred over the past 24 months was released as sub-tokens using the ERC-20 standard on the network of Ethereum. As per Crypto Insider, several top exchanges are presently working on transitioning to non-custodial trading,. VeChain achieves this with two cryptocurrencies, Medicalchain will also serve as a platform for third-party developers to build healthcare application also the world of finance and blockchain would seem to go hand in hand.

ICOs may have to rethink their business structure and the same could occur with crypto exchanges. It is believed that crypto exchanges will change into completely new commercial entities.

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Crypto Exchange Bithumb To Refund Its New Users Up To 70 Percent on Transaction Fees

Crypto exchange Bithumb to repay its new users up to 70 percent on the transaction fees. The new users outside Korea to be repaid for fees suffered when depositing cryptocurrency on the exchange within the event period. For a limited time, Bithumb, which is a worldwide cryptocurrency exchange, is providing the refund as an expression of appreciation for new users’ support. This amazing offer is only for new users who are not Korean national. Korean nationals and new users signing up through Korean network-based cell phones are disqualified. Cryptocurrency Transaction Fee payback promotion’ embraces from October 22 to November 21, 2018.

The event is exclusively for overseas users, not only existing users but also newly joined users are welcome to participate in. For worldwide customer’s convenience, Bithumb delivers a foreign language therapy service in English, Japanese and Chinese, further establishing its position as a foremost cryptocurrency exchange in the world.

According to Head of Marketing Department of crypto exchange Bithumb, Andy Choi the current one such as Bitcoin, Ethereum and Monero as well as numerous other cryptocurrencies are continually being listed on the stock exchange with the huge international interest. He mentioned that the firm is glad to continue this event in October as well to reward foreign members for their support, as stated on PR Newswire.

Crypto exchange Bithumb in the month of October has even launched a new decentralized exchange where it stores every platform’s assets in smart contracts. This makes Bithumb DEX more protected compared to centralized exchanges. On the other hand, DEX also launched two promotional events. The first event will let the traders start transactions on the exchange without zero transaction rate. While the second event will have an airdrop of 500 Ethereum (ETH). As per Blocklr, the coins will be dispersed to the first 1,000 traders that will be based on the trading volume for at least 2 weeks.

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Vertex Venture Invests In Cryptocurrency Exchange Binance For Singapore Expansion

Vertex Ventures has recently announced an investment in the main cryptocurrency exchange Binance to enable its development into Singapore, according to a press release. Vertex Ventures is a secondary of Singapore-based government-owned investment company Temasek Holdings, which accomplishes $223 billion in assets. The firm was founded in 2015 as a worldwide network of operator-investors, who accomplish portfolios in the U.S., China, Israel, India and Southeast Asia. The firm concentrates on early-stage investments and presently has around $2.5 billion under organization.

According to the release, the speculation is a joint effort between Vertex Ventures China and Vertex Ventures Southeast Asia and India and intends to support Binance in emerging a cryptocurrency exchange in Singapore, along with other crypto-fiat services through South Asia. Binance originally announced its plans to shape a crypto-fiat exchange in Singapore in September. Binance, a year-old corporation that has had run-ins with authorities in Japan, Hong Kong and most lately New York, plans to let the users swap cryptocurrencies into the Singaporean dollar.

In the month of September 2018, Binance announced the launch of its cryptocurrency exchange in Uganda. The company’s first fiat-to-crypto exchange in the country will help continue the sustainable economic constancy in Africa, noting that the firm plans to bring “more innovations to the region, as noted on Bloomberg.

As more recognized names in the monetary business bound to further be present in the market, questions about market constancy and directive indecision remains stable. Bitcoin has lost 67 percent of its value since its late December high at almost $20,000.

About Vertex Ventures

Vertex Ventures invests in high-growth start-ups looking for their first round of recognized venture capital funding across Asia with a single-mindedness on Singapore, India, Indonesia, Thailand, and other developing hubs of innovation in this region. As per Vertex Ventures website, the firm is dedicated to remaining investing in its portfolio for follow-on rounds.

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THORChain Decentralized Crypto Exchange Protocol Officially Gets Launched

THORChain, a new regionalized exchange protocol, has finally launched. At its essential, THORChain is a decentralized exchange that has been intended to work as a huge, liquid network that resolves usability, compatibility, and safety. THORChain is extremely enhanced multi-chain using pBFT agreement to attain sub-second block conclusiveness.

Over here Tokens are dealt on single chains, known as tokenChains with discrete address spaces. Multi-set sharding is planned to let byzantine resilient climbing. The native procedure enables on-chain trading and order matching at the protocol level, giving support to both limit and market orders. Unceasing liquidity pools safeguard liquidity is always obtainable for any token pair, and dual as the source of trustless on-chain price feeds, a keystone of the protocol.

THORChain is a decentralized exchange the project by itself is an ecosystem of all the developing hard work directed towards rationalizing the Blockchain. That is, concerning asset trades and the payments made. All the systems and procedures connected with THORChain have a function in the project. The natural token of the bionetwork is Rune and is made at the origin of the procedure, with all Rune transactions tracked on the first side chain, T0. The Rune is unique as it is the settlement currency of the ecosystem and is stored in all on-chain liquidity pools, as stated in NXT Alpha.

THORChain is going to even launch with on-chain liquidity that is incentivized. So that all the decentralized crypto exchange can be rebuilt on THORChain to get security and liquidity of the protocol. As per Thorchain official website, it is a worldwide, decentralized organization that anyone can join. It even has modest development and liquidity grants available to any team or project. Moreover, any exchange (decentralized centralized or hybrid) can reconstruct on THORChain to access the liquidity and security of the procedure, as well as any such asset it supports. Wallets can also use THORChain know-how to let their users switch and trade assets straightaway in a non-custodial manner. development and liquidity grants available to any team or project.

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Digital Fiat Currency Wallet Provider Neteller Introduces Cryptocurrency Exchange Service

NETELLER, an important digital wallet supplier and part of Paysafe Group have decided to introduce cryptocurrency exchange service by offering its clients the opportunity to instantly buy and sell cryptocurrencies. Neteller is a service functioned by Paysafe Financial Services Ltd. a completely-owned subsidiary of Paysafe Group Ltd. Paysafe Financial Services was established in 1999 to offer an online substitute to traditional payment approaches.

As per Neteller’s website, it plans to expect to add additional currencies in the near future, adding that users can presently exchange from more than 100 payment approaches into cryptocurrency without extra verification. The supported fiat currencies include Australian dollars, Brazilian reals, Canadian dollars, euros, British pounds, Indian rupees, Japanese yen, Mexican pesos, Russian rubles, Swiss francs, U.S. dollars, and Colombian pesos.

Paysafe’s cryptocurrency exchange service for clients of Skrill, a different digital wallet power-driven by the Paysafe Group, which has shown very general. Launching the cryptocurrency service in the NETELLER digital wallet was the expense provider’s natural next step. NETELLER’s new cryptocurrency service is by now live in ten countries it is planning to introduce in more than 50 additional markets over the coming months and to spread the service to its NETELLER mobile app.

According to the news published in Finextra, customers can log in to their account by selecting Crypto’ and then they will be ready to buy and sell cryptocurrencies, through a recognized cryptocurrency exchange.

As per Bitcoin News, the minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account. Every Neteller wallet has a default fiat currency which is chosen at account creation. Each Neteller wallet has a default fiat currency which is chosen at account creation. The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency. The fee rises to 3 percent for wallets with other default currencies.

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Binance Cryptocurrency Exchange Interests In Expanding Its Stablecoin Options Continues

Paxos has recently exposed that Binance, at present the world’s largest cryptocurrency exchange by trading volume, will list Paxos Standard token (ticker symbol PAX). The listing of PAX on Binance indicates a growing and quick demand for a regulated stablecoin. Paxos exchanges PAX tokens one-to-one in contradiction of U.S. dollars, offering holders a digital corresponding of the dollar that can be shifted nearly promptly, 24/7.

Stablecoins are eye-catching to lively traders who can use it to cash out of digital assets more rapidly than if they were to convert to dollars. With the help of PAX, traders can be self-assured that they are using a coin that is regulated and backed by U.S. dollars held at U.S.-domiciled FDIC-insured banks. Paxos is the first digital asset to be accepted and supervised by a regulator.

It is controlled by the New York State Department of Monetary Services. As per Binance, the exchange will firstly support trading of the local shilling unit with Bitcoin Core (BTC) and Ethereum (ETH). There are many trading pairs are to be added in the future months, it thorough, adding that users are exempt from trading fees during the first month.

According to CFO Wei Zhou, the company hopes to be able to list a few more stablecoins on the platform. The Ugandan subsidiary is capable of processing 1.4 million transactions per second, with 24-hour client support, as stated in CoinDesk.

Lately, though, a lot of investors have been come out rather than parking assets in USDT, and Binance cryptocurrency exchange briefly adjourned withdrawals of the stablecoin earlier this week when price fluctuations followed a trading point.

About Paxos

Paxos updates money by rallying assets at the speed of the internet. It has been creating a future where every asset from money to commodities to securities could be digitized and can move immediately 24/7. Payment risk will cease to exist, so tons of dollars of trapped capital can go to work in a worldwide, frictionless economy.

About Binance

Binance is a blockchain ecosystem and is the world’s largest cryptocurrency exchange by trading volume, capable of processing over 1.4 million orders per second. As per PR Newswire, the platform emphases on safety, strength, and implementation speed attracting fanatics and professional traders alike.

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Cobinhood Cryptocurrency Exchange Service Launches Margin Trading On Its Platform

Cobinhood cryptocurrency exchange service, the next-generation cryptocurrency service platform and zero-fee exchange, recently announced the launch of margin trading on its platform. Starting October 19, the users of Cobinhood will be allowed to make the most of their trading power and tap into unused funds for better value. At the start of the launch, Cobinhood will provide zero trading fees margin trading with 3x leverage for the pairs like BTC/USDT, ETH/USDT and COB/ETH.

XRP listing on Cobinhood means the users will be able to deposit, withdraw and trade XRP on Cobinhood exchange. Upon listing, XRP/BTC and XRP/USDT trading pairs will be available with ZERO TRADING FEES on Cobinhood Exchange. Cobinhood exchange account will find the same amount of exchanged mainnet CMT tokens. The CMT mainnet tokens, along with its depositing, withdrawing, and trading functions will also be back in October 2018, and the obtainable trading pairs will still be CMT/BTC, CMT/ETH, CMT/USDT and CMT/COB.

This service from cryptocurrency exchange Cobinhood will allow for short selling. Also, during the same period, NEM will let the traders deposit, withdraw and trade XEM on Cobinhood exchange, as stated in Medium blog post of Cobinhood. By listing, XEM/BTC and XEM/USDT trading pairs will be accessible with no fees on this exchange.

In addition, with the launch of Cobinhood as a Margin Trading Golden Mission, an all in one benefit for Cobinhood users available from October 19, 2018, to December 19, 2018, as published in Crypotninjas. During this time, those who finish chosen margin trading transactions and margin funding bids will get free COB and tickets for Candy Machine, a Cobinhood lottery program. Users can get 150 COB and 25 candy machine tickets in total if they complete the entire Margin Trading Golden Mission.

According to Wei-Ning Huang, co-founder and CTO of Cobinhood, the exchange is different from usual other cryptocurrency exchanges, as at Cobinhood the company is continuously revolutionizing features and services to support the traders

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South Korea’s Biggest Crypto Exchange Coinone Works On Expanding Elsewhere In Asia By 2019

South Korea’s Biggest crypto exchange Coinone is planning to use its corporation’s success to enlarge and secure cryptocurrency markets against uninformed regulation in South Korea. South Korea made a name for its self as the little country with a big craving for digital assets. The country of 50 million developed one of the huge markets for Bitcoin and Ethereum in 2017 and the cryptocurrency exchange Coinone had a lot to do with that.

Led by CEO Myunghun Cha since 2014, the Coinone crypto exchange aims to open up the South Korean crypto market by providing its citizens the option of trading an extensive collection of cryptos against the Won, Korea’s official currency.

The public image that the government is trying to express is that exchanges in Korea are not good an exchange official stated, requesting secrecy. The Korean exchange, which already functions in Indonesia, is in talks with partners in at least two countries and will be looking to form between three and four ventures where it will hold the majority stake. The exchange might open in Malta, an ambitious crypto center. As per the news published in Quartz, crypto exchange Coinone isn’t the only one, Korean major exchanges like Bithumb and Upbit have also announced its plans to set up shop in Thailand and Singapore.

In regards to his future plans for Coinone, the company wants to show the value of blockchain technology, and it would keep progressing over the next 10 years. AS per Coindoo, Coinone is the main objective is for South Korean citizens, and the platform accepts fiat currency deposits via bank transfer, just as long as the bank accounts are Korean as well.

The crypto exchange Coinone has a very friendly user interface, a lot of security features, and supports cryptocurrencies to keep advanced traders. It is specially designed for the South Korean market.

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Crypto Exchange Bitfinex Says Withdrawal Services Operate Without Any Interference

Major crypto exchange Bitfinex has announced an “better-quality” fiat deposit system, shortly after short-term suspension of deposits last week, on October 11, 2018 Bitfinex temporarily stopped fiat deposits in four fiat currencies – the Euro(EUR), U.S. Dollar (USD), Japanese Yen (JPY), and Pound Sterling (GBP) – without requiring a reason for deferment and claiming that fiat deposits are “expected to resume within a week.”

On October 15, 2018, the crypto exchange posted an information on fiat deposits, stating that Bitfinex had “for the time being paused” fiat deposits for “some of the user groups in the face of processing complications. The company also informed that all crypto and fiat withdrawals were processing without any interfering. The exchange claims the new system will again allow know-your-customer (KYC)-compliant customers “from around the world” to conduct deposits in the four previously suspended fiat currencies.

Crypto exchange Bitfinex informed that the withdrawals are not affected, yet some of the exchange’s customers appear to be facing a number of issues in withdrawing their funds – although the exact number is difficult to parse at present. Such complaints have occurred periodically in past months, which observers have blamed on Bitfinex’s reported banking problems that have seen it shift strategies amid an unfriendly regulatory environment.

Indeed, Bitfinex’s latest post drew several complaints about yet-to-be-fulfilled withdrawals on social media. @DongoFabrizio, @crypto_bull_in, @botcrypt, @bbc_trading, @ElCuartoAmigo and @rarelylose were just some of the users who reported recently, as stated in CoinDesk.

As per the company, it is working to implement a new and increasingly robust fiat deposit system to be available in the next 24 hours, to let for the well-organized processing of fiat deposits. Medium blog posted that the company informed until then, the firm apologized for the problem of the situation.

Crypto exchange Bitfinexspokesman Rasmussen said these cases were the exception rather than the rule. Cryptocurrency deposits and withdrawals continue to be fully functioning as well.

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Bithumb Crypto Exchange Launches New Decentralized Trading Exchange Called As Dex

Bithumb, one of the second largest crypto exchange of South Korea, is prepared to launch its own decentralized exchange (DEX). The statement comes among many other businesses doing the same, including binance, the largest exchange in the market. This new inventiveness was made in a collaboration with One Root Network (RNT), which offered a decentralized procedure based on the Ethereum technology for the company in order to make the decentralized transactions. The R1 protocol is used to distinct order matching and order execution and it is believed to improve the efficiency of the complete procedure.

The liquidity and the order data of the platform will also be shared with every other R1-based exchange platforms, so this means that there will be a huge liquidity pool right from the start of the exchange.

It is also significant to notice that the exchange was recently developed by BK Global Consortium for the value of $354.09 million USD. This means that not only the crypto exchange is trying new things, but its administration is also changing at this time, as stated in Cryptoninja.

Decentralized exchanges are different from centralized platforms as the users hold their crypto all the time. Decentralized exchanges are more secure and safe as the users are in charge of their own money. At present, there are many companies creating decentralized exchanges as they need to overcome some issues of centralized platforms. As main players like Binance and Kyber have planned to enter this market, many other companies are launching similar creativities.

The founder of Binance crypto exchange, Changpeng “CZ” Zhao, has recently stated that they have less control in decentralized exchanges and this is both good and bad. As per Bitcoin Exchange Guide, it is simple to get a listing in these exchanges, so this clearly means that a lot of scammers will be attracted to this type of business.

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Cryptocurrency Exchange Coinfloor Becomes First Company To Be Licensed By Gibraltar

Consortium Coinfloor cryptocurrency exchange, which occurs to be the oldest exchange company in the United Kingdom has gone on to become the first exchange to be licensed by Gibraltar. The legislation is known to be very liberal. The rules under this legislation are being observed as a first for Europe. Additionally, they are being seen as a promise by British Overseas Territory to continue discovering new, and emerging technological innovations.

The legislation is chiefly focused on the delivery of quality services as opposed to quantity, which means that Coinfloor has so far been able to show its worth. The only reason why Coinfloor was delivered with the licenses was that it had proved itself well-intentioned. This exchange will now start to be controlled like a DLT (distributed ledger technology) provider. With the overview of these rules, the territory is hoping that it will be able to achieve the similar level of success in this sector as it did with the gambling industry.

According to Obi Nwosu, who is Coinfloor’s CEO, before being given the license by the British Overseas Territory, they underwent a series of tests, all of which were based on nine main principles. Coinfloor cryptocurrency exchange has handled as much as $1 billion in BTC transactions over the last 12 months

As per him the primary aim of these tests was to guarantee that the company is licensed under this legislation had put in place sufficient know your customer (KYC) and AML (anti-money laundering) measures. As per News BTC, the exchanges were also obligatory to prove that their safety was strong enough to endure all kinds of cybersecurity threats. The news also came out as at a time of increasing problems for few of the prominent cryptocurrency exchanges, ensuring the bear market conditions that have prevailed through much of 2018 so far.

As per CoinGeek, recently similar rumors had emerged from Kraken cryptocurrency exchange, suggesting they too were laying off staff, with their offices in Halifax, Canada, earmarked for closure. But the company denied the case.

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Coinmama Cryptocurrency Exchange Adds SEPA Payment Method For Seamless Bank Transfers

In keeping with the pledge to provide the best possible customer experience, Coinmama is excited to announce the addition of a brand new payment method. SEPA bank transfers are now open to all its clients across the EU can buy Bitcoin, Ethereum, Ripple and other leading cryptocurrency exchange with a simple, zero-fee SEPA transfer.

The SEPA (Single Euro Payments Area) bank transfer system is highly well-organized, as its lots of day-to-day users can show. SEPA compares positively with other old-style payment systems, as it syndicates speed and fewer charges with the suitability of sending a transfer from your regular bank account. When transfer costs are a major consideration, it’s difficult to find a better option than SEPA for showing fiat transfers within the European Union.

When taking benefit of Coinmama’s new SEPA funding technique, users can expect a fiat transaction which is free of banking charges and credited to your Coinmama account balance within 24 hours. Also, SEPA transfers are available 24 hours a day, 7 days a week and 365 days per year, as this contemporary system is mainly automated. SEPA takes the Coinmama exchange to a new level, offering extremely efficient bank transfer cryptocurrency exchange purchases, as stated in Digital Journal.

According to Coinmama CEO Asaph Schulman, SEPA bank transfer system is highly effective, as its millions of day-to-day users can attest. It is difficult to look out for the best option than SEPA for conducting fiat transfers within the European Union.

The company accepts any credit or debit card from VISA or MasterCard. As per Coinmama website, users can use Bitcoin, Ethereum, Ripple and other popular cryptocurrencies. It even gives the benefit of Uploading your documents for fast track verification. Besides this, it helps customers to place an order, confirm the wallet and users can get your coins without any deposits needed.

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South Korea Bithumb Cryptocurrency Exchange Sees Control Move To Singapore-Based Consortium

South Korea’s largest Bithumb crypto exchange, has recently sold 50 percent of its stake to BK Global Consortium at a valuation of $350 million USD. The deal brought about a disagreed number of views with both critics and optimists giving legal points to why the deal with BK Global Consortium won’t/will work. The Bithumb cryptocurrency exchange has moved from a profit-maximizing entity to a more security driven exchange to enhance investor protection. However, the depositors show confidence in the deal which assures more concentrated courtesy to the security and user-friendly platform to outcompete its indigenous rivals in Upbit and Korbit and internationally including Binance and Coinbase.

BK Global Consortium, a subsidiary of Singapore-based BK Medical Group, secured the deal with South Korea’s largest digital asset trading platform on October 12, 2018, as Kim Byung-gun, a noticeable plastic surgeon and blockchain investor playing a crucial role in bringing the deal to a close.

Due to its ties with Singapore, BK is likely to be observing that market on the heels of Binance and Upbit which have already announced plans for expansion to the island nation. Unchanging banking services and a blockchain- and the crypto-friendly environment has made Singapore a likely venue for Bithumb crypto exchanges global expansion.

Bithumb crypto exchange, in spite of a number of security openings and high profile hacks, has secured its position as one of South Korea’s leading crypto-currency exchanges, along with Upbit. As per Asia Times, it means that all of South Korea’s major exchanges are now operated by large-scale conglomerates.

Bithumb crypto exchange is not the only exchange to be acquired by a large corporation as its competitors to have a stake owned by corporations including Upbit, run by Kakao, Gopax is run by the country’s largest commercial bank Shinhan and Korbit is run by $15 billion worth company, Nexon. As stated in Reuters, BK Global Consortium, led by Kim Byung-gun, plastic surgeon and blockchain platform investor, has recently signed a contract to purchase more than 50 percent one share in the exchange’s major stakeholder, BTC Assets, for about 400 billion won.

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Bitozz Becomes Crypto Trading Platform For Futures And Options Work

BITOZZ is recently planning to create a new ecosystem, which is built to ease a crypto trading derivate market where traders have access to the variation of trading and investment instruments allowing a highly liberating, planned, low-risk and unified trading experience. With its collection of derivative instruments, BITOZZ offers its users the freedom to hedge, venture and diversify their portfolio.

The use of smart contract and blockchain technologies let the platform to have a network that makes any kind of trading a small difficult and even more diversified in offerings. The users of the platform have the freedom of hedging, speculating, and diversifying their portfolio because of the obtainability of a collection of derivative instruments. Specifying in blockchain and smart contract technology, Bitozz Exchange aims at creating a network that might make not just cryptocurrency trading but even less difficult trading and more expanded in offerings.

Products presented by the platform are the crypto trading, margin trading, and options trading in American options that are very beneficial to the depositor since their implementation is any time before they vanish. As per the Bitcoin Exchange Guide, the final product that the platform offers is the advanced APIs and monetary integration that delivers users a trading experience that is hassle-free while letting them linking to rest, fix, binary, as well as third-party custom APIs.

The architectural design also allows its integration with the banking, settlement, and payment gateways. The platform’s tokens such as the BITOZZ tokens function on the Ethereum blockchain. The token features include 10 percent of the profits accrued being shared monthly as a dividend to token holders and 10 percent used to buy back and then burn the BITOZZ tokens. The platform aims at removing the carrying cost by substituting it with one-time fees just as it happens in spot trading.

As per the Bitozz website, Bitozz has applied most advanced order types enabling algorithmic and crypto trading for all type of users. It has been planning to expand its market to Bitozz aims to expand the market to Hedge Funds, ETF and Mutual funds by offering unconventional tools.

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Middle East Country To Get Its First Central Bank Licensed Cryptocurrency Exchange

A new crypto trading platform backed by a central bank is preparing to launch in 2019 in Bahrain, which could help unleash the investment potential of the Middle East into the crypto ecosystem. The cryptocurrency exchange in question, Rain Financial, has been one of several exchanges working with Bahrain in their fintech sandbox for over a year.

According to the CEO Khalid Saad, they will likely be the first to launch officially. This announcement follows news of a number of growing developments in the Middle East, including an exchange launched in Dubai. Rain Financial, once launched, will have the distinction of being licensed by the Central Bank of Bahrain. The acceptance of crypto means that the country has proved itself to be the most friendly towards crypto developments.

We are pleased to announce the launch of Rain, the most regulated and secure digital currency exchange in the Middle East.https://t.co/l3u8HvSAY4

— Rain (@rainfinancial) October 9, 2018

Rain is expected to launch in early 2019. Though there will be five other cryptocurrency exchanges involved with the Bahrain sandbox a regulatory program where candidates experiment in a carefully supervised environment before progressing to full-fledged licensed businesses.

Rain has tapped Joseph Dallago, a graduate of the crypto wallet startup Abra, to be its first CEO. Besides, foremost people who have all invested in the Bahrain-based startup by the impending of this principally untapped market, crypto experts are Cumberland Mining founder Mike Komaransky, Bitcoin Core developer Jimmy Song and BRD crypto wallet cofounder Aaron Lasher, as stated in CoinDesk.

The local crypto sector is moving forward towards developing in the region, interested by the number of persons with of wealth tied to resources like oil, Turkey recently saw a spike in crypto trading volume following monetary collapse, and representatives of the government of Israel, including Netenyahu, having come out in favor of cryptocurrency and blockchain.

As per Chepicap, if the Middle East can connect the capability to trade cryptocurrency exchanges with the many oil and gold-rich investor pool, the region could rapidly become a huge part of the crypto trading ecosystem. If Rain Financial gets accepted, it could be the first in a position to do that effectively.

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Changelly Cryptocurrency Exchange Collaborates With CoolBitX App To Make Crypto Trades Mobile

The popular quick swap platform Changelly cryptocurrency exchange has significant news that wants to share with the crypto community. The company has planned to partner with CoolBitX in order to authorize its leading product known as CoolWallet S. This will be connected to the immediate crypto-to-crypto exchange shaped and provided by Changelly.

With the Changelly API connection, users of CoolWallet S can start crypto-to-crypto exchange using the wallet’s line. Currently, there are various ERC20 tokens obtainable and other such as Bitcoin (BTC), Ethereum (ETH), XRP and Bitcoin Cash (BCH).

CoolWallet S which is a mobile cold storage hardware wallet has been allowing the customers to store their virtual currencies in a simple and seamless technique. It is an electronic card hardware wallet with an orange button on the right side that works as a button and the pictures on the card are basically its display screen.

Adding exchange functionality through Changelly cryptocurrency exchange is obviously a completely new level of utility for it. The card itself is power-driven with a flexible lithium-ion battery and pairs with the CoolBitX app. The wallet is associated with Bluetooth with CoolBitX Crypto in order to send encrypted data to it. Charging the card with electricity is done with a distinct device that the card wallet opens into.

As per Finder, besides CoolWallet S, similar projects in another place have fascinated related levels of funding from same industry heavyweights, like DINNGO, which raised $10 million from some big names in its pre-ICO to pursue a similar vision.

CoolBitX focusses in manufacturing protected, U.S. original digital asset hardware. It was established in 2014. At the same time, it grows smart contract platforms for lots of users around the world.

Changelly cryptocurrency exchange recently made another significant announcement related to the first official version of the Changelly mobile app. Launched on Google Play, the immediate swap service will let customers have the option to exchange their crypto assets through their mobile phones. As per Bitcoin Exchange Guide, with this application, it is not essential any more to open the browser on their gadgets every time they want to switch crypto assets.

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Yobit Crypto Exchange Reveals Plan To Inject BTC Into Altcoins

Usual crypto exchange YoBit has an unusual plan to attract more traders to its platform to by boosting trading on the platform, randomly pump coins to artificially drive up their prices. The exchange, apparently based out of Russia, recently stated that it would inject 10 BTC (~$66,000) into 10 random markets. Though not a big sum associated with the worldwide crypto ecosystem’s estimated $12 billion in daily volume, it could lead to important price increases in thinly-traded microcap altcoin markets.

Founded in 2015, YoBit being a Russia-based digital currency exchange has been offering its customers many digital currencies. The trading platform was in the headings a number of times in numerous reports of illegal activity and difficulties with users trying to remove funds from their wallets. However, as per according to CoinMarketCap at press time, YoBit’s daily trading volume reached $28 million.

The U.S. Commodity Futures Trading Commission earlier in 2018 issued a customer advisory on cryptocurrency pump-and-dump schemes, cautionary that they may unlawful. While it’s not clear if crypto exchange YoBit’s planned trading event quite meets that meaning, it’s difficult to envisage that it doesn’t qualify as some kind of market manipulation.

In November 2017 Cointelegraph reported that with the help of messaging app traders were guiding pump and dumps on YoBit Telegram. On the other hand, it remained indistinct whether the exchange knew the details of the pump and dump activity, as Yobit reportedly did not respond to a request for comment from any news.

Although the purpose of Yobit’s pump and dump isn’t exactly to operate the price of a single crypto exchange as no person other than Yobit knows which coin is going to be pumped. As per Live Bitcoin News, unfortunately, due to the lack of consistent regulation concerning crypto exchanges and the purchasing and selling of cryptocurrencies, Yobit’s system is most likely not theoretically unlawful in some countries. They have been actually complicit in the scheme.

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