Ripple (XRP) Drops 3% 1948

Earlier today, on October 2, Ripple Labs introduced three partnerships with major banks including the $80 billion banking giant Banco Santander. One Pay FX, a platform operated by Banco Santander, became the world’s first mobile application for cross-border payments powered by RippleNet.

Subsequent to the announcement, the price of XRP declined by around 3 percent. Since then, the price of XRP has initiated a slight recovery, minimizing its loss to 1 percent.

The majority of investors in the cryptocurrency market expected the price of XRP to initiate a large short-term rally, as it had done throughout the past week. However, Ripple’s largest partnership in 2018 with Banco Santander barely had any impact on the price movement of XRP.

The struggle in the price of XRP to rebound to its yearly high following an impressive 150 percent rally in late September can be attributed to two factors: the decline in the volume of the crypto market and Ripple’s overbought conditions fueled by its three-fold increase in price since early September.

Apart from Bitcoin’s attempt to test the $6,800 resistance level at on September 28, the dominant cryptocurrency has remained fairly stable in the $6,500 range for over a week. The stability in the price of Bitcoin led technical analysts to speculate a potential short-term breakout.

However, for BTC to initiate a short-term rally, its volume needs to compliment positive technical indicators the asset has demonstrated in the past seven days.

The volume of Bitcoin remains fairly low at around $4 billion, down more than 30 percent since mid-September. On Coincap, the cryptocurrency market data provider of popular digital asset trading platform ShapeShift, which eliminates exchanges suspected of having false volumes, the daily trading volume of Bitcoin is estimated to be around $2.6 billion

Currently, technical analysts are waiting for BTC to engage in a noticeable movement to either the downside or upside. Some are awaiting BTC to close its weekly candle, which could confirm the short-term movement of the currency.

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Hashflow Announces $3.2M Seed Round To Bring Professional Market Makers to DeFi, Backed By Dragonfly Capital and Electric Capital 25182

Hashflow, a decentralized exchange connecting DeFi traders with top crypto market makers, has closed a seed funding round of $3.2 million from leading venture capital firms and angel investors. The round was led by Dragonfly Capital and Electric Capital, and joined by IDEO Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, and angels including Balaji Srinivasan, Kain Warwick, & Ryan Sean Adams.

Decentralized exchanges on Ethereum have seen rapid growth over the past year with over $215 billion traded on DeFi alone in Q1 2021. This growth can be credited to the popularity of Automated Market Makers (AMMs) which catalyzed DeFi’s explosive growth by offering a simple and permissionless on-chain trading experience. Hashflow builds upon this foundation laid by AMMs, by connecting DeFi traders with top crypto market makers. Using Hashflow, traders can receive price quotes directly from market markers and broadcast trades on-chain using Web3 wallets in a fully trustless manner. By replacing AMM bonding curves with professional market makers, Hashflow offers traders better prices, zero slippage, & the lowest gas costs of any decentralized exchange on Ethereum.

For market makers, Hashflow provides access to the expanding DeFi market while allowing full control over their inventory and pricing strategies. Until now, market makers have had to deploy capital in public liquidity pools, use pre-defined pricing functions, and pay heavy gas fees to change strategies on-chain. With Hashflow, market makers can use bespoke pricing strategies and bridge them on-chain using digital signatures. This gives market makers full control over their capital, and flexibility to adapt to market conditions, using strategies informed by years of experience in centralized markets.

Jon Kol, Director at Galaxy Digital, a leading cryptocurrency investment firm and market maker, commented: “Hashflow is the first project we’ve backed that seamlessly allows market makers to quote prices effectively to DeFi traders.”

Hashflow launched its closed private alpha product this week, with market makers offering price quotes to traders on Ethereum mainnet. In the coming weeks, Hashflow plans to integrate more market makers, and add additional asset pairs that dominate on-chain trading volumes. General audiences will be able to access Hashflow and trade on-chain with market makers by the end of Q2.

Exfunds.com – asset management platform which offers you incredible ROI 15559

Exfunds.com

We would like to introduce you to the exfunds.com Asset Management platform which offers you incredible ROI in 2 investment plans. Exfunds.com have 2 investment plans to choose from: EX START (investment range $10 – $9999.99) and EX PRO (investment range $10000 – $250000).

In the program, we can have an unlimited number of deposits in various investment plans. Each of them works as a separate contract for a specific amount of time. The investment period is 40 days. After the end of the investment plan period, your main capital is returned to your balance and you can withdraw it or reinvest it again.

EXFUNDS.com also provides the option to terminate the investment plan AT ANY TIME after the first 24 hours. In this case, a fee of 10% of its value is charged on the deposit and finally 90% is released to your balance, where you can easily withdraw.

EXFUNDS.com also offers us unlimited earning opportunities through its referral program, which pays us an immediate commission for every person we invite. We can create a structure up to 3 levels down, with a commission of 5% – 2% – 1%.

As for the payouts: they are really fast, made 24/7, including all weekends and holidays. Despite the timeframe for withdrawals – that is, within 24 hours of a withdrawal request, they arrive, definitely at lightning speed, such as 5 – 30 minutes. However, please note that the platform owners provide 24 hours as the maximum time to receive your withdrawal.

What can convince you to invest in exfunds.com?

It is a professionally prepared platform, artistry design working on the popular GC script, fully adding a lot of functionality and readability to it. You can see a professional base of web-developers and graphic designers, but above all a professional approach to the money entrusted by investors. There is no fear that someone will run away with your money for a deposit of 30k or 60k USD … or more. Such professional teams just never do it, as can be seen from the payout scale after a few days of operation. Summing up, we see everything that is done as it should be by a professional legend: unique design, unique programming solutions, efficient cryptocurrency deposit wallets (remaining at the sole disposal of the company, without the participation of third parties), we can see the content of the page that was written, not copied from others. You can also see professional hosting on a dedicated server, with one of the best protection against DDOS attacks and other attacks, secure SSL encryption, a unique masked IP address.

EXFUNDS.com is, above all, also always available and willing to help Support, which is also available 24/7 with a waiting time for a reaction of less than a dozen seconds. Added to this is the administration support via email or ticket system. All this makes EXFUNDS.com the most popular investment program on the market for a reason and it will be difficult to catch up with anyone. You can use PerfectMoney as payment to make deposit in USD or send this value using 11 cryptocurrencies: Bitcoin, Litecoin, Doge, Ethereum, Bitcoin Cash, Dash, Ripple, USDT, Tron, Binance Coin or Stellar.

TechX’s Portfolio Company Catalyx Announces Listing of the CADX Stablecoin on the Bittrex Global Exchange 25049

TechX Technologies Inc. (“TechX” or “the Company”) (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that its investment in CatalX CTS Ltd. (“Catalyx”) is proving to be an early success as it officially listed its Canadian stablecoin, CADX on the Bittrex Global Exchange. Bittrex is one of the world’s top 15 cryptocurrency exchanges in terms of liquidity.

Catalyx.io, Canada’s premier cryptocurrency exchange with over 40+ altcoins, launched its Canadian dollar fiat-backed stablecoin CADX in 2020 through a partnership with Seattle-based fintech company Stably. CADX is powered by Stably’s ERC20 smart contract technology, which has been audited by a leading US-based blockchain security firm, QuantStamp.

CADX is a multi-chain Canadian Dollar pegged stablecoin merging the flexibility, security and speed of cryptocurrency with the stability of fiat. Every CADX token is fully backed and redeemable for $1 Canadian dollar and is held in an audited account managed by Prime Trust, a Nevada-chartered trust company that is the official regulated trustee and CVC administrator for CADX.

Potential roles for the new CADX token are in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, smart money (programmable money), interest bearing digital wallets, partnerships for international remittances and settlements and forex conversions.

Monthly reserve attestations shall be conducted by Cohen Co. a leading US stable coin auditor, to ensure transparency and credibility for the project.

CADX offers the following features:

  • Redeemable for CAD on a 1 to 1 basis with instant redemption 24/7
  • Earn interest on CADX from crypto lending
  • Send or receive CADX to or from anyone, anywhere and at any time
  • Bank-grade off-chain security for asset custody and sensitive data storage
  • Easy to integrate with any mobile applications
  • Regulated trustee organized under US laws
  • Zero token issuance/ redemption fees (excluding wire fees and network/gas fees)
  • Cheap on chain transfer for only a few pennies for network/gas fees
  • Fast on chain transfer speed
  • Multichain support for Ethereum, Tezos, Algorand and many other protocols

“We are ecstatic to be the first Canadian dollar-backed stablecoin to be listed on Bittrex, one of the world’s top crypto exchanges,” said Catalyx CEO Jae Park“The listing on Bittrex provides the CADX coin international market exposure and offers crypto traders a flexible and secure alternative to existing stablecoins.”

Plethori is Offering Investment Opportunities into Leading Insurance, NFT, and Oracle Sectors 23648

Plethori

London, United Kingdom / 23 May 2021 / Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.

In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. One such company is Plethori, a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal: to deliver Cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms.

Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more.

The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs.

Plethori Brings Financial Inclusiveness

Soon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security. The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY.

Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more.

Plethori Governance

Plethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem.

The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem.

The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions.

This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization.

The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They’ll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts.

Conclusion

Plethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.

The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality.

Social Links :

Twitter : https://twitter.com/plethori

Telegram : https://t.me/plethori

Medium : https://medium.com/plethori

Sharing Economy International Invests to develop NFT Technology into ECrent to Open Up Digital Items Sharing 22855

Traditionally, when we talk about sharing economy, people would think about cars, bicycles, mobile rechargers, apartments, or may be even umbrella, toys, etc. All about sharing economy has been some solid tangible things which be shared out to the needed consumer through a rental arrangement. The sharing item will go and come back through physical transactions. But in the digital world, digital products such as digital arts, music, video games are more difficult to control and record the ownership and usage through a P2P sharing model.

As the pioneer in the sharing economy market, based on the Sharing Block engine which is the transaction engine based on blockchain technology that Sharing Economy International Inc. (OTCQB:SEII) has developed to handle the transactions of sharing items between people in ECrent today, SEII engineers and technology partners while revamping and improving the ECrent platform and applications, also decides to add NFT technology on top of the Sharing Block engine. NFT technology will allow users to share their digital products and assets to other people, either free of charge, or at a defined fee by the digital product owner.

“NFT gives a breakthrough to the sharing market which allows us not only to share our tangible items, but also any of the intangible digital items,” said Parkson Yip, SEII’s advisor on corporate development. “SEII is always looking for solutions which can improve the ways how people can share. Apart from drills, cars, bicycles, there is always a market need for the sharing of digital products, and ECrent being the platform in helping people to connect through sharing their resources, we must move fast into the digital product sharing market.”

“Blockchain technology fits very well with the development of sharing economy solutions. Its secured decentralised ledger concept can help us to develop a secure and trustful P2P sharing solution based on ECrent. With the development of NFT technology, we will be able to extend to facilitate the sharing of digital items between people as well. We can see that NFT will apply to a lot of digital items, as well other items, such as art works, which facilitate the tracing of ownership and transaction history of the items with a very trustful mechanism. While NFT is attaching directly with the products, the information would allow cross-platform support, so items can be shared through different platforms as well, as soon as we all follow the same protocol,” says Yip.

BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker Symbol 21761

BIT Mining Limited (NYSE: BTCM) (“BIT Mining Limited” or the “Company”), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that its American Depositary Shares (“ADSs”), each representing the right to receive ten (10) Class A ordinary shares with par value of US$0.00005 per share of the Company, began trading under the Company’s new English name, “BIT Mining Limited”, and its new ticker symbol, “BTCM”, effective at the opening of trading on the NYSE on Tuesday, April 20, 2021 (U.S. Eastern Daylight Time).

Historical trading data of the Company’s ADSs prior to April 20, 2021 may not yet be available on certain third-party websites and apps when searching for “BIT Mining Limited” and/or “BTCM”, in which case such data may temporarily be found under “500.com Limited” and/or “WBAI”.

About BIT Mining Limited

BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining enterprise, with a long-term strategy to create value across the cryptocurrency industry. Since announcing its entry into the industry in December 2020, the Company has: (i) purchased and deployed bitcoin mining machines with a theoretical hash rate capacity of approximately 1,031.5 PH/s; (ii) acquired three hydroelectric cryptocurrency mines with combined electric power capacity of 435MW, by purchasing a controlling stake in Loto Interactive Limited (HKEX:08198); and (iii) acquired the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement with Bee Computing (HK) Limited, a 7-nanometer cryptocurrency mining machine manufacturer, in order to help sustain the Company’s continued growth.

Safe Harbor Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.