20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself 1550

When trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders. Subject to the geographic restrictions of the exchange, that could be someone who lives in your neighborhood, or it could be someone who lives on the other side of the world.

However, depending on which cryptocurrency exchanges you frequent, there’s a significant chance that, at least occasionally, you are trading against someone that works for the exchange itself.

That’s one takeaway from the “Virtual Markets Integrity Initiative Report,” published by the Office of the New York State Attorney General (OAG) on Sept. 18. The OAG, as CCN reported, sent a detailed questionnaire to 13 cryptocurrency exchanges, including quite a few that purport to have no business presence in the state, probing them on their policies and internal operations.

While some exchanges, most visibly Kraken, refused to comply with the probe, most did, and of those, half admitted that they engage in proprietary trading on their platforms.

In proprietary trading, exchange employees fill buy and sell orders on behalf of the company, rather than simply matching buyers and sellers. This places the exchange operator in the position of trading against its customers.

Proprietary trading is common in traditional securities markets, and, as the OAG notes in its report, there are multiple reasons why an exchange may participate in this practice. On a basic level, an exchange’s trading desk may be seeking to turn a profit for the company. This is especially plausible on retail-focused exchanges where professional traders can match themselves up against competition with much less experience.

Additionally, exchanges use proprietary trading to increase liquidity on the platform, particularly in markets that are thinly-traded. Toward this end, the trading desk will place both buy and sell orders to make it easier for customers to execute trades. This not only helps the venue serve existing customers but also helps it attract new ones into the market, ultimately building organic, customer-driven volume.

According to self-reported statistics, the level of proprietary trading varied greatly among exchanges. The OAG report found that Coinbase engaged in the most proprietary trading, with these activities accounting for nearly 20 percent of the platform’s trading volume. BitFlyer USA also reported high levels of proprietary trades, which make up approximately 10 percent of its volume.

Circle claimed that proprietary trades accounted for less than one percent of volume on Poloniex, the U.S.-based exchange it acquired earlier this year. Bitfinex and Tidex also acknowledged that they engage in platform trading.

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Roxe Launches First Set of DeFi Liquidity Pools to Provide B2B FX Rates 4171

Roxe (www.roxe.io/), a blockchain infrastructure company that is powering the next generation of payments and digital commerce solutions, today announced the launch of its Roxe Payment Protocol (RPP) USD/EUR, USD/GBP and USD/PHP (Philippine peso) liquidity pools, which is the world’s first set of DeFi liquidity pools that allows its partners to send cross-border payments at wholesale FX rates.

The RPP combines the real-time Bid and Ask FX rates from financial institutions globally. Every minute, Roxe averages the midpoint of the rates, setting a single target FX rate for its partners to utilize. The B2B FX rates free up any capital held by current partners in nostro vostro accounts, eliminating pain points and the reserve requirements currently in place to send cross-border payments to the European Union, the United Kingdom and the Philippines.

“We are thrilled to launch the world’s first set of DeFi liquidity pools that provides FX at a wholesale rate, bridging the world of DeFi and TradFi through remittances,” said Josh Li, Chief Business Officer of Roxe. “The Philippines’ remittance market alone is one of the largest in the world, so this is a huge step forward for cross-border payments and a key moment in the evolution of Roxe’s platform. Based on our internal benchmarking analysis, RPP’s mid-market FX rates for these three currency pairs are up to 1% better compared with other leading commercial FX services.”

Liquidity pools are the backbone of the Roxe Instant Settlement Network (RISN) FX capability and are utilized for each currency pair supported on the platform. With growth through integrations of additional partners, the liquidity pools increase, resulting in greater amounts of send and receive currency pair pools.

Over the past few months, Roxe has ramped up product and partner expansion and recently partnered with GME (Global Money Express), who have integrated Roxe’s technology and Roxe Instant Settlement Network (RISN) to generate greater value for their end customers. Roxe was recently shortlisted as a finalist for the Bank for International Settlements (BIS) G20 TechSprint challenge on central bank digital currencies (CBDCs), and has added over 40 partners to its global payment community, including ECS Fin, Axletree Solutions, N2Xpress, Global Money Express, Fairexpay, Rana Express, iPay, and Treviso.

About Roxe

Roxe is a global payment network unlocking the future of finance with fast, flexible and cost-efficient blockchain payment solutions. Roxe’s blockchain-enabled network efficiently moves and exchanges value by removing the barriers of time, geography, and currency. Roxe was built to unify the highly fragmented financial market, enabling payment and remittance companies, banks, central banks, and consumers to get the speed and cost savings of blockchain technology, and exchange digital assets without reliance on cryptocurrencies. For more information, visit https://www.roxe.io.

Can Accepting Crypto Benefit Your Business? Dello May Be the Answer 3941

Fintech startup Dello wants to make a world of “everyday crypto payments” possible for both consumers and sellers. The Montreal, Quebec-based company has developed an easy-to-use payment processing platform made available for online business via e-commerce payments and retail locations via the Poynt Smart Terminal, tablet, and mobile app.

With these hardware and software solutions, businesses that partner with Dello can affordably, quickly, and easily accept Bitcoin payments from consumers anywhere, including instant transactions via the Bitcoin Lightning Network.

According to Dello’s President, Olivier Benloulou, “We’re proud of the partnerships we’re making to deliver on our mission to enable easy, everyday crypto payments. Until people have somewhere to spend crypto, widespread crypto adoption is in a holding pattern. We’re here to break that pattern.”

What Dello offers to business owners through its platform and payment processing solution includes several key features:

  • Instant transaction validation—as fast as or faster than using a credit card—via the Bitcoin Lightning Network
  • Transaction fees that are lower than most credit cards at between 1.25 – 0.1%.
  • An end to dreaded fraud chargebacks thanks to crypto’s irreversible payments
  • Protection from crypto price volatility and fast settlement of funds in the seller’s local currency

Accepting crypto payments can also benefit high-priced transactions. As representatives of Dello simply stated: “Our fees scale based on payment size. Larger payments, smaller fees.”

How Does It Work?

At the time of purchase, the merchant enters the amount and presents their customer with the available payment options. If the customer chooses to pay with crypto, they scan a QR code from their crypto wallet and send the payment. Dello converts the crypto to local currency during the transaction and the merchant receives the purchase amount, minus a small processing fee, deposited into their bank account.

Dello elaborates, “Merchants will receive the full purchase amount and don’t need to worry about crypto price fluctuations that may occur during the transaction. For their part, crypto holders get more places to conveniently spend their crypto. Because our services eliminate the need for intermediaries, transaction fees are greatly reduced. Everybody wins.”

Dello’s crypto payment processing platform is seamlessly integrated with the Poynt Smart Terminal, allowing retailers to offer cryptocurrency payments right alongside regular debit and credit card transactions on the same device. Merchants simply enter the payment amount and select the “Dello Crypto” payment option to begin the process.

Dello is developing new solutions for traditional POS and online payments processing while integrating simplified, affordable cryptocurrency payments in a convenient way. Dello hopes to shape a new future of retailing that doesn’t depend on traditional banking systems and financial channels. Contact them for more information through dello.com.

Are You Looking for a Different Launchpad? TAFLaunch Is Coming Soon 4171

Launchpads have gained immense popularity among crypto-enthusiasts in the DeFi space. They give crypto strategists access to early rounds of IDO’s and ICO’s, enabling people to invest in the promising projects and help them see the world. The community members receive lucrative returns, while the funded projects get vital funds for finalizing their architecture and launching into the crypto space.

Due to the profitability of early seed round investments and private IDO sales, the launchpad market seems already overcrowded. Still, there is much space for growth and expansion of service offerings, and the coming release of the TAF project proves this point. It has emerged as a vibrant ecosystem with many unique features and a democratic approach to IDO access.

Let’s take a sneak peek at TAFToken’s unique ecosystem and benefits for users to see how it transforms the launchpad space and welcomes retail investors to the vibrant ICO/IDO industry.

TAF Project’s Major Features

TAFToken introduces a brand-new ecosystem offering a full range of project launch opportunities in the crypto market, from theoretical ideation to technical implementation. The underlying technology enables smart contract development, security audits, and IDO advisory for the safe and frictionless market entry of promising startups.

TAFPad is an incubator of IDO’s and ICO’s. It helps companies seek financing for their DeFi projects via crowd sales and private pre-sales. Startups can utilize TAFPad’s resources to create tokens and smart contracts, deploying their projects via IDO’s hassle-free. Thus, the TAFPad system will function as an end-to-end funnel for crypto technology creation, pre-sale, public-sale, and full-scale launch for the broader public.

TAFStake serves the interests of TAF token holders by ensuring the token’s stability, liquidity, and a generous APY for TAF’s staking. Holders of TAF tokens can stake them on the platform and receive combined benefits – a passive income on their investment and privileged access to projects launched via TAFPad.

The degree of privilege is determined by the TAFKey system. It currently features four tiers, from Silver to Diamond, each coming with a set of perks and bonuses. The tier is assigned to users depending on the amount of TAF tokens in possession and the length of their storage. To get the highest Platinum TAFKey status, you need to have 50,000 TAF in your wallet for 90+ days.

The TAFToken

The infrastructural token of the TAF project is the TAF token – an asset currently traded on PanCakeSwap and AAX. It covers transactions and purchases within the TAF ecosystem and can also be staked on the platform with a lucrative APY.

The TAF token’s holding also unlocks privileges for users in terms of access to early-stage seed rounds and pre-sales.

The token has intricate tokenomics considering all stakeholders’ interests and the project’s development in the long run.

  • Liquidity provision and product innovation/user incentives got 15% of the token’s supply each (30% total).
  • 15% of the supply was sold during the pre-sale IDO (inner circle).
  • 15% more were distributed during IDO whitelisting events.
  • 20% were allocated to APY payment to those who stake TAF tokens and other assets on the platform.
  • The project’s team got 10% of the token’s supply.
  • The remaining percentage was allocated to advisors and the ecosystem’s continued growth.

Why Buy the TAF Token?

There are plenty of reasons to invest in the TAF project right now. By buying the TAF token, you unlock the following perks and privileges in the ecosystem:

  • Become part of the unique DeFi ecosystem, investing tokens and earning with TAF.
  • Stake your TAF tokens on the project’s proprietary staking platform to earn a highly competitive APY.
  • Access the private pre-sales and early seed rounds of IDO’s in TAFPad.
  • Pay for goods and services on http://BitcoinTAF.com with the help of TAFPay.
  • Access the private pre-sales and IDO’s by holding TAF in your wallet and getting a privileged TAFKey status.
  • Donate part of your earnings from staking to charity funds via TAFLove.

TAF Partners

The ecosystem’s growth is impossible without partnerships with experienced crypto market players. Thus, the TAF project moves forward with solid support of:

  • Pancake Swap
  • DX/Sale
  • Unity Swap
  • Roobinium
  • RD Auditors
  • Flowdesk
  • Binance
  • Infomatic
  • Suncrypters
  • 4ire Labs
  • Sugar Kingdom,

and many more companies inspired by TAF’s unique approach and extensive potential.

TAF Roadmap

The TAF project entered the scene at the end of 2021, with the launch of Taftoken.io and TAF’s successful pre-sale round, with all TAF tokens sold out in record time. The IDO’s sellout in Q1 of 2022 confirmed the project’s popularity among investors, and TAF successfully launched on PanCakeSwap. The TAFv2 token with upgraded functionality became available.

The project’s current stage planned for Q2 2022 includes TAF’s launch on AAX, the launch of TAFStake, the start of TAFPad’s operations, and the linkage of TAFStake with TAFPad.

Once this stage is over, the future plans for Q3/Q4 2022 cover:

  • TAFNFTs/marketplace
  • TAFLaunch/IDO launch pad
  • TAFLove/philanthropy is at the heart of everything we do

The project’s far-reaching plans are to transform into a DAO model, giving its users a word in the system’s governance. Thus, the TAF ecosystem is on the way to introducing consensus-based voting to users. This arrangement will help active participants determine the direction of TAF’s growth and development in the crypto space.

Welcome the TAF Team

It’s always reassuring to join a project backed by a solid team of industry experts and enthusiasts. The TAF project has it all, as it’s headed by Bill Nolan – a CEO with decades of experience in senior management and an inside-out understanding of the crypto market landscape. The project’s COO is Theresa Taljaard – a business analyst and management guru with impressive problem-solving talents. The team also includes Marius and Wendy Landman’s, the founders of Bitcoin Trend & Forecast, and the company’s CTO, Sergii Severynov.

TAF Contacts

TAF is a quickly growing project with a massive following, so it’s active on social media. You can also join the TAF community to stay in touch with its management and be the first to learn about its news and special offers.

TAF’s Twitter account: https://twitter.com/taftoken
Telegram channel with news updates: https://t.me/taftoken
TAF’s blog on Medium: https://medium.com/@TAFtoken
YouTube channel: https://www.youtube.com/channel/UCQ_UZw1Av5cSsQ6BB9Wq63g

Lovely Inu: A meme token with a decentralized network 3595

At first sight, all meme-inspired tokens seem useless: They often have no application, liquidity or long-term perspective. To challenge this bias, a team of crypto enthusiasts has launched Lovely Inu to revolutionize the meme token industry.

Lovely Inu is a utility token key to products such as V3 Swap on BNB Smart Chain, a gaming platform with live casinos, a launchpad, crypto wallet and more.

The project is later launching an exchange, its own blockchain and swapping functionality on the Ethereum and Polygon chains.

Lovely Inu represents a revolutionary system to unite memes with decentralized finance technology.

How ViaBTC, a Pool Founded 6 Years ago, Continues to Rank Top Globally by Hashrates 5319

Recently, the BTC hashrate has reached a new high. The previous record was 248.11EH/s, which was exceeded when the hashrate figure peaked at 254.77EH/s this month. Despite sluggish market conditions in 2022, the interest in mining remains unabated. In addition, as more people joined the mining community, the BTC hashrate kept going up, and the difficulty also soared. Running low hashrates, individual miners are becoming less competitive, yet the advent of mining pools brought them a ray of hope and also revolutionized conventional mining models.

Of the many pools that have popped up, ViaBTC Pool has left miners with a deep impression. In 2021, some countries cracked down on BTC mining, and many pools went out of business as a result. However, the strict policies didn’t hurt ViaBTC’s BTC hashrate. Instead, it has ranked 1st for a while thanks to the pool’s globally distributed business model and the recognition from global miners.

As a pool founded in 2016, ViaBTC managed to survive and record world-leading hashrates all thanks to the following factors.

A strong team

To create a stable mining environment, the ViaBTC team has deployed nodes all over the world to match miners with the nearest node, which minimizes delays and makes the mining network stabler. So far, ViaBTC remains the pool with the lowest orphan rate in the entire industry, which shows the strength of its team.

At ViaBTC, over 60% of the staff are members of the product and R&D teams, the primary members of which are all seasoned developers from world-renowned Internet-based companies. Led by ViaBTC’s founder Haipo Yang, the team has continued to upgrade and improve the pool. As it keeps the pool secure and stable, the R&D team has introduced more versatile products and features and built a full set of matching tools.

Innovation

To address existing flaws of the mining industry, ViaBTC Pool has rolled out many innovative products. For instance, the pool invented PPS+, which was the first payment method of its kind in the industry, and created Transaction Accelerator, also a unique product. Plus, it is also the first pool to support “Convert Now”. These products have not only improved the mining revenue but also solved the problem of congested transactions under extreme market conditions. Meanwhile, the hourly pay of mining revenue effectively avoids risks arising from price fluctuations.

A well-established blockchain ecosystem

ViaBTC has been trying to build an all-encompassing blockchain ecosystem that integrates products, tools, and investment. In addition to ViaBTC Pool, the group now also boasts other four key business segments, including CoinEx Exchange, ViaWallet, CoinEx Smart Chain (CSC), and ViaBTC Capital, which makes it one of the best-established blockchain firms out there.

Relying on its strong ecosystem, ViaBTC has simplified the tedious process that goes from crypto mining to transaction and circulation. When withdrawing cryptos from ViaBTC Pool to CoinEx Exchange, miners do not have to pay any fees, and withdrawals arrive in real time. Moreover, Staking, a built-in service of ViaWallet, provides miners with all kinds of different ways to preserve the value of their assets in an extended bear market.

Popular BTM Operator: Bitcoin of America Welcomes Shiba Inu Coin to Its Bitcoin ATMs 5785

Bitcoin of America has officially announced the newest addition to their Bitcoin ATMs (BTMs). Shiba Inu coin is now available at Bitcoin of America ATM locations. Bitcoin of America has more than 1800 BTMs across 31 states. They recognized the growing popularity of Shiba Inu and decided it was time to include it in their BTMs. Bitcoin of America also offers Bitcoin, Litecoin, and Ethereum options. This news comes after their recent addition of Dogecoin in March of this year.

Bitcoin of America is a popular virtual currency exchange registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They are known for their top-of-the-line customer support while also providing a fast and hassle-free transaction.

Bitcoin of America makes it easy for everyday businesses to get their hands on a Bitcoin ATM and for customers to buy Bitcoin. They take care of their host locations by providing passive income, increased foot traffic, and marketing. They even handle customer support and any maintenance/installation services.

The popular operator has made many updates to its BTMs and services over the past year. They launched their universal kiosks, which operate as a traditional ATM combined with BTM functions. Bitcoin of America has created a point-of-sale system for their tablet program, which has allowed businesses to accept cryptocurrency as a new form of payment. Bitcoin of America is constantly expanding and improving its services.