The crypto derivatives exchange is already witnessing an exodus of bitcoins in the wake of charges from U.S. agencies announced Thursday. Original
BitMEX Moves $337M in Bitcoin Ahead of First User Withdrawal Since US Charges
Day: October 2, 2020
Why MobiePay Is Ultimate Mobile Crypto Payment App
MobiePay is establishing partnerships with over 350 retailers in the United States, such as Amazon, Trader Joes, Landry’s Restaurants, and IKEA, and have over 100,000 users ready to onboard during their public launch. It might sound hyperbolic to say that MobiePay has it all, but it would do the project a disservice to say that it doesn’t. The universal payments and rewards ecosystem that MobiePay has created takes on an industry that has largely benefitted from unilateral control over retailers and consumers alike. While it may seem to be a…
RoboForex Gives Away $1,000,000 to Celebrate its 10-year Anniversary
Place/Date: Belize – October 2nd, 2020 at 12:00 pm UTC · 4 min read Contact: RoboForex, Source: RoboForex RoboForex, an international financial broker, announces the start of a global promotion for its clients and partners to celebrate the company’s 10-year anniversary. The promotion started on October 1st, 2020, and will last for the next eight months. The total sum of all prizes will be $1,000,000 USD. Each month until the end of April 2021, the company is going to give away 30 money prizes amounting to a total of $100,000.…
Dfinance: Layer 2 Blockchain Network
With all the benefits and options available, Dfinance has high chances to become one of the leading platforms in DeFi by 2021. The Dfinance project is not exactly the WING foundation was aiming to create from the start. Rather it was born out of necessity while researching and analyzing extensively for new potential market fit. The crypto market was realizing the growth potential of decentralized finance (DeFi) back in late 2018. However, the WING team noticed a glaring reality – in the traditional finance market, many financial tools are created…
What Is Balancer? | Blockchain News
Released in March 2020, the Balancer protocol is an Ethereum-based automated market maker (AMM) that enables users to earn fees by contributing to the platform by providing liquidity using multiple tokens. Balancer is a second-layer infrastructure platform built on top of Uniswap that allows AMMs to combine multiple unevenly weighted assets into a single pool. Described by some as a self-balancing crypto-ETF, Balancer allows users to create and manage their own personalized index fund by creating liquidity pools, or invest in an existing LP. These funds are self-balancing, meaning that…
Buy Bitcoin and Ethereum, Asserts Industry Exec After BitMEX-Led Crash
Crypto derivative platform BitMEX’s struggle with the American authorities took a toll on Bitcoin and Ethereum markets. The US Commodity Futures Trading Commission on Thursday filed criminal charges against the owners of BitMEX, accusing them of facilitating money laundering and other illegal financial transactions. The news prompted derivative traders to withdraw more than $25 million worth of Bitcoin from their accounts on BitMEX. At the same time, the open interest in the Seychelles-based exchange also dropped significantly, with Bitcoin and Ethereum contracts reporting $100 million and $424 million liquidations, respectively,…
Real Estate Tokenization for Dummies
What is tokenization and why is it relevant for the real estate industry? To understand this, we need to look at bitcoin and blockchain. Tokenization refers to the process of digitizing securities and representing them as tokens on the blockchain. The most common types of securities to be tokenized are company equity and debt instruments such as bonds. Once the security has been digitized and rendered in the form of a blockchain token, the security can be managed in a fashion that is quite similar to bitcoin and other cryptocurrencies…
Sparkpool’s Taichi Network to Tackle Front Running in DeFi
Ethereum mining pool Sparkpool will launch its new mining network, Taichi Network, complete with a “private transaction” feature in October, CryptoX confirmed with Sparkpool co-founder Xin Xu. The network “will gradually go online” this month in what could be one solution to decentralized finance’s (DeFi) long-standing problem with front running, the practice of trading based on information about future trades contained in a blockchain’s transaction queue in cryptocurrency markets. Taichi’s features are “not designed for selfish usage” but instead for the “public good” of the Ethereum ecosystem, Xu told CryptoX…
Why blockchain and crowdfunding are mutually beneficial technologies
More and more start-ups have turned to crowdfunding as an alternative method of raising capital in recent years. In fact, the global crowdfunding market had reached $13.9 billion last year and is expected to triple by 2026. This modern method of raising funds through a large pool of investors offers numerous benefits, including the ability to connect borrowers and lenders directly via an online platform. That means significantly fewer hoops for potential investors to jump through than traditional models. Investors can put in as little as they like and earn…
PwC’s global crypto tax report reveals the need for further regulatory guidance
One of the Founding Fathers of the United States, Benjamin Franklin, once said: “But in this world, nothing can be said to be certain, except death and taxes.” While this phrase was realized in 1789, the same still holds true today. The only difference is that taxes are slowly but surely catching up with crypto assets. Therefore, it shouldn’t come as a surprise that Big Four accounting firm PricewaterhouseCoopers has just released its first annual Crypto Tax Index as part of the “Global Crypto Tax Report.” The detailed report contains the…