SwiftPass and Wallyt to Partner with Findora on Payments Network 5279

Findora announced today that the company will integrate their solutions with SwiftPass, a leading mobile payments service provider in Asia, and Wallyt, a Hong Kong based Fintech that provides international mobile payments and open banking solutions. Findora is a blockchain network that leverages zero-knowledge proof technology to ensure privacy for financial transactions while remaining auditable. Findora supports confidential transaction processing, verification and asset issuance for any cryptocurrency or financial asset, such as equities, derivatives, debt and cash.

“Among its peers, Findora has a unique approach to financial systems, with a balance between transparency and privacy for building a large-scale transaction network. We are excited to partner with Findora and, together, provide more Fintech solutions,” said CEO of Wallyt, Tong Liu.

Wallyt’s global presence and SwiftPass’ expansive platform and user base are ideally suited for Findora’s confidential ledger. The use of Findora is expected to provide enhanced data safety and privacy for the financial institutions and other clients they serve.

“Findora Development Foundation is excited to partner with two dynamic platforms in Wallyt and SwiftPass, in the constantly evolving Fintech and payments sector. The Findora blockchain’s unique approach to combining cryptography and blockchain will help Wallyt and SwiftPass achieve both confidentiality and auditability,” said F.I.R.S.T. Director of Findora Foundation, Paul Sherer.

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Stratis Brings Blockchain as a Service to All Businesses via Its C# Native Platform 2505

Stratis was created for a simple purpose – to provide enterprises with blockchain as a service (BaaS) solutions, designed to implement complex blockchain architecture within mainstream coding languages, used by everyday companies away from the crypto niche. It does this through cloud solutions, support for C# and .NET application building, alongside tool customization via its open source protocol. The result of this? Stratis unlocks the power of blockchain technology for mainstream businesses, and unlocks the mainstream market for the blockchain industry – two powerful combinations.

Enterprises that find themselves relying on the Stratis tool set will access a less expensive and less complex blockchain building framework. Companies no longer need to purchase and manage their own full nodes, nor do they need to build a blockchain infrastructure from scratch – something which is niche and represents a huge barrier to entry by setup cost to all but the largest of companies. Moreover, businesses in need of smart contract support will be pleased to find that Stratis supports virtual machines via Microsoft’s Azure cloud platform.

Stratis – Tailored with Perfection

Stratis holds several key values that make it an optimal choice for blockchain operations – decentralization, privacy, scalability, practicality, accessibility, reliability, security, and performance. To better understand this, Stratis blockchains run a number of cloud-based full nodes, so decentralization is assured. Privacy is guaranteed – through cryptographic encryption, all transactions and communications remain private. Stratis is also keen on providing an adaptable degree of scalability, achieved through the means of intuitive sidechain usage.

Companies looking to leverage the power of smart contracts must know that Stratis is the only platform providing support for C# execution, so developers can efficiently code self-enforcing programs utilising their existing development tools and existing knowledge of a rich and versatile programming language. Stratis is also working on facilitating cross-chain communication between contracts running within Stratis’ ecosystem and those deployed on the Ethereum blockchain, hence increasing their suitability for today’s interconnected world.

STRAX Swap on Binance

In September 2020, the team introduced STRAX, a more powerful protocol designed to flawlessly integrate within the platform’s existing business model. Previously-minted STRAT tokens have been swapped to STRAX tokens on a 1:1 basis via Binance. Following the shift, Stratis will introduce a series of other advanced features, such as the STRAX SideChain, Stratis InterFlux, SegWit support, cold-staking, the DeFi app library, IoT development tools, and many others.

Since STRAX is based on the proof-of-stake consensus mechanism, network participants can receive token-based rewards in exchange for staking their STRAX tokens. Stratis is well-aware of the security risks posed by hot wallet storage, so the team has decided to use cold-staking for ideal token security.

2021 – The Year for Stratis & BaaS

In Q1 2021, Stratis will launch the Unity Development Kit (allowing the integration of NFTs and decentralized identities within the gaming ecosystem), the DeFi Software Library (a catalogue of C# standardized smart contracts), the Stratis DAO (a means of funding next-gen developments via voting), the Stratis System Contracts (introducing on-chain logic and simplifying user-driven processes), and the mobile wallet featuring token support (supporting tokens issued on the Cirrus Sidechain).

In Q2 2021, Stratis will launch the Python Development Kit (allowing Python coders to build on Stratis), the IoT Development Kit (meant to introduce Stratis solutions to IoT hardware), a new version of Proof-of-Stake (boasting improved security and additional features), Stratis Oracles (a distributed means of accessing off-chain data), and Dex Mobile Support (allowing mobile trading of SRC20 tokens).

In Q4 2021, Stratis will launch Ethereum Interoperability (known as InterFlux, this will enable usage of wrapped STRAX tokens on the Ethereum chain), alongside the STO & Digital Asset Platform (providing the tools needed to manage token offerings).

Kim Dotcom’s Next-Generation Content-Monetization Service K.IM Announces Bitcoin Cash Integration 3679

Dotcom, whose website Megaupload was once the 13th most popular site on the Internet and responsible for 4% of all Internet traffic, said K.IM turns “digital files into file shops. Users can use our service to package a file that they want to sell into an encrypted container file and then they can place it anywhere on the Internet. Customers who want to access the content inside the encrypted container can make a payment using cryptocurrency like Bitcoin Cash.”

Asked why he was excited about K.IM and Bitcoin Cash in particular, Dotcom said that while Bitcoin (BTC) has been a great tool for asset storage, Bitcoin Cash is “great for payments” for services like K.IM and offers new financial opportunities for consumers, vendors and investors. Kim had the following to say about the crypto market:

“My opinion is that crypto use is on the rise and BCH is in a good position to accumulate market share. For me it’s simple: The more users you have the more value you have.”

“The winners in the crypto race will be decided by vendors and users. Focus on the fundamental question: What do vendors and users want? Low fees, fast transactions, high security and ease of use.”

He went on to say that Bitcoin Cash was currently “undervalued” and that the “upside potential for those who missed the BTC train” is enormous. Bitcoin.com Founder and friend of Dotcom, Roger Ver, said that Dotcom has “always been ahead of the rest of the market and that people should pay attention to his predictions.” He went on further to say:

“When you look at interest in BTC these days, a lot of it comes in trying to chase its historic investment gains. As long as the price keeps going up, there is going to be a lot of interest. But what happens when people want to start actually using it to pay for things? They will discover the limitations of Bitcoin and look for an asset that can be both an investment and a true peer-to-peer payment system like Bitcoin was originally meant to be. That’s what Bitcoin Cash is.”

MEG Announces Purchase Agreement for 2,000 Units of D1, BYD’s Custom Electric Ride-hailing Vehicle 6227

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) announces that its Mobile Energy Global (“MEG”) and its contracting entity Qingdao Chengyang Medici have signed an agreement with Meihao Chuxing, a joint venture between BYD and Didi, to purchase an initial 2,000 units of model BYD D1. The ride-hailing vehicles are intended for deployment in multiple cities within China, with deliveries expected to begin in H1 2021.

“The D1 is a very thoughtfully designed ride-hailing EV and is a culmination of the latest design and technology to bring drivers and their customers an enjoyable travel experience. We are very pleased to work with Meihao Chuxing and BYD to promote the sales of the D1,” said Alf Poor, Ideanomics CEO. “Supported by a viable government subsidy program, the proliferation of EVs in China is a testament to the value that public and private partnerships can bring to large scale global challenges. We look forward to developing these types of partnerships and the rollout of more innovative vehicles like the D1 to our taxi and ride-hailing customers.”

Meihao Chuxing (Hangzhou) Automobile Technology Co., Ltd. was established in 2019, though a 65/35 joint venture between BYD and Didi with BYD having controlling interest. Launched in November 2020, model BYD D1 was jointly developed by BYD and Didi as the world’s first custom-built, all electric car for ride-hailing. The vehicles feature L2 Assisted Driving system, are linked with a fleet management system that helps large fleet operators track and optimize operational status, real-time energy management, as well as a myriad of other safety and comfort features. BYD D1 is equipped with its latest Blade Battery (LFP chemistry) with a range of 418 km (260 miles) and can reach top speeds of 130 km/h (81 mph). Didi Chuxing is deploying and promoting the ride-hailing service in a number of Chinese cities. Passengers can order the customized ride-sharing service via the Didi app.

Bitcoin SV support introduced at Beaxy Exchange in partnership with Fabriik Markets 9562

Beaxy Exchange, the popular Chicago-based digital asset exchange, today announces that it has introduced trading support for Bitcoin SV [BSV] on its platform. With immediate effect, BSV/USD and BSV/BTC trading pairs are listed and available for use. The introduction of Bitcoin SV comes as a result of a partnership between Beaxy Exchange and Fabriik Markets, a leading digital asset market-maker and liquidity provider. Fabriik Markets will provide market-making services to Beaxy Exchange for BSV-based trading pairs.

The move to launch BSV-based trading on Beaxy Exchange comes as demand for the digital asset continues to grow globally, with the utility of its massively scaling blockchain driving expansion of data use cases across many industry sectors. BSV also functions as a powerful payments network for both businesses and consumers, with its fast transaction times, low fees (sending a BSV payment costs less than 1/100 of a U.S. cent), and regulation-friendly approach providing an ideal payments platform.

As a U.S. Money Services Business [MSB] registered with the Financial Crimes Enforcement Network [FinCEN], Beaxy Exchange offers a safe, compliant, and protected service for its customers. All digital assets on Beaxy Exchange are secured by Curv Institutional Custody, with USD deposits insured by the Federal Deposit Insurance Corporation [FDIC] up to $250,000.

Beaxy Exchange services customers in 42 U.S. states, in addition to serving an active global customer base in many international markets. Fiat currency on-ramps are offered by wire transfer in USD, EUR, GBP, JPY, CAD and AUD, as well as credit/debit card on-ramps offered through Simplex in USD, EUR, GBP, ILS, TRY, CAD, CHF, KRW, JPY, RUB, AUD, CZK, NOK, DKK, NZD, SEK, ZAR, HUF, and PLN.

Speaking on today’s announcement, Bay Abbott, Director and Co-President of Beaxy Exchange, said:

“There have been very limited options for those in the United States to buy or sell BSV safely and with convenience. For that reason, along with all of the interest we’ve seen from our community, Beaxy Exchange is thrilled to offer new markets for BSV that were otherwise inaccessible to a large portion of the total crypto market. This is a great opportunity for the global audience as well, as Beaxy will provide fiat on and off-ramps for traders using the USD, EUR, GBP, JPT, CAD, and AUD.”

Also commenting, Steven Walt, General Manager of Fabriik Markets, said:

“We are excited to partner with Beaxy to support their customers’ needs around BSV liquidity. Beaxy is an established and well-respected brand within the digital asset space, and we look forward to leveraging our technology and liquidity to support their growth.”

Also speaking on today’s announcement, Jimmy Nguyen, Founding President of Bitcoin Association, the Switzerland-based global industry organisation that supports Bitcoin SV, commented:

“Bitcoin Association welcomes the addition of BSV support by digital asset businesses that comply with applicable regulations and prioritise operating in a transparent manner, demonstrable qualities of both Beaxy Exchange and Fabriik Markets. With a U.S. base of operations and a strong international reach, Beaxy Exchange are an ideal partner to work with Fabriik Markets to expand the fiat on-ramps for and accessibility of BSV in the U.S. and around the world. I wish both businesses well for the future of their partnership and look forward to their contributions to the ongoing Bitcoin SV growth story and to advancing a more lawful digital currency industry.”

PrimeXBT: A bitcoin-based margin trading platform with a lot to offer (2020 review) 9261

PrimeXBT

PrimeXBT is a Bitcoin-based multi-asset margin trading platform that, while built on the foundations of the traditional market, is geared towards diversifying advanced trading tools, instruments and products. The platform allows its users to operate with more than 50 trading pairs, with leverages that can reach 100x in Cryptocurrencies and up to 1000x in other trading instruments, 24 hours a day.

This large number of trading instruments, as well as its high leverage, makes it stand out from many similar platforms with more time in the market such as Binance or Bitmex. It is important to note that, when choosing a trading platform like this, there are many variables that we must take into account, since not only the variety or quantity of products and instruments guarantee their quality and effectiveness.

Next, we will review this platform and discuss the advantages and disadvantages of trading with it.

PrimeXBT Overview

PrimeXBT is a margin trading and trading platform, founded in 2018 in the Seychelles Islands, which also has offices in Saint Vincent and the Grenadines and Switzerland. It enables its users to trade with leverage in Bitcoin, other cryptocurrencies, and a wide variety of traditional financial instruments ranging from currency markets to precious metals.

In addition, it offers its users other elements including its friendly interface, a simple registration process (not KYC) that only requires an email, multiple languages ​​(including Spanish), high levels of security, very low commissions and a great liquidity.

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Recently PrimeXBT was voted the best Bitcoin margin trading platform in the ADVFN International Financial Awards 2020, it was also awarded as the best cryptocurrency trading application and the best Forex and Cryptocurrency broker.

Trading tools

PrimeXBT has a set of trading tools and features that make it a high-level and competitive option, supported by elements such as high leverage, risk management tools, and much more.

The platform offers 100X leverage on Cryptocurrency trading pairs such as Bitcoin, Ethereum, Litecoin, Ripple, and EOS, as well as up to 1000X leverage for the currency markets (Forex), stock indices, and commodities.

Additionally, the platform allows you to place advanced Stop Loss, Take Profit and OCO orders, to adjust our trading strategies and at the same time manage risks without neglecting profits.

It also features charting tools such as trend lines, support, and resistance, multiple technical analysis indicators such as the Relative Strength Index, Ichimoku Cloud, MACD, and Williams Alligator, and integrated charting software.

The fact that the platform allows the opening of both long and short positions makes it possible for its users to obtain profits regardless of whether the market is high or low.

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Instruments

While the central focus of the platform is Cryptocurrency trading, it also offers its users the ability to trade a varied list of traditional assets such as currencies, commodities, and stock indices.

These are the instruments and trading pairs that can be traded on PrimeXBT:

Cryptocurrencies
Bitcoin, Ethereum, Waves, Litecoin, EOS, and Ripple.

Pairs: BTC / USD, ETH / USD, ETH / BTC, LTC / USD, LTC / BTC, XRP / USD, XRP / BTC, EOS / USD, EOS / BTC

Currency markets
US Dollar, Euro, Gold, Silver, Australian Dollar, Canadian Dollar, British Pound, Japanese Yen, Turkish Lira, New Zealand Dollar, Singapore Dollar and Russian Ruble.

Pairs: AUD / CAD, AUD / CHF, AUD / JPY, AUD / NZD, AUD / USD, CAD / CHF, CAD / JPY, CHF / JPY, EUR / AUD, EUR / CAD, EUR / CHF, EUR / GBP, EUR / JPY, EUR / NZD, EUR / SGD, EUR / USD, GBP / AUD, GBP / CAD, GBP / CHF, GBP / JPY, GBP / NZD, GBP / SGD, GBP / USD, NZD / CAD, NZD / CHF, NZD / JPY, NZD / SGD, NZD / USD, USD / CAD, USD / CHF, USD / JPY, USD / RUB, USD / SGD, USD / TRY, XAG / USD, XAU / USD

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Commodities
WTI Crude Oil, Brent Oil and Natural Gas.

Stock indices
Dow Jones, Germany 30, Europe 30, NASDAQ, France 40, Spain 35, S & p 500, Nikkei 225 and Australia 200.

This great diversity of instruments reflects a point in favor of PrimeXBT over its closest competitors such as ByBit or Binance, which despite managing multiple instruments do not have a variety of options to trade as diverse as this, despite the fact that in the section cryptocurrency exchange Binance has more pairs to trade.

Deposits and Withdrawals

The PrimeXBT platform is based on Bitcoin, so all deposits are made with this currency and can be from 0.001 BTC. This makes the deposit process much easier by only requiring you to send the funds to the platform’s wallet, where with two confirmations you will already credit the amount.

Likewise, the withdrawal process is quite simple due to the use of BTC and only the address of the wallet that will receive the funds must be entered. The platform allows you to make a withdrawal per day, which is processed from 12 to 01 pm GMT and its commission is 0.0005 BTC.

Any withdrawal requested before 12 pm GMT is processed that same day. Likewise, any withdrawal request made after 12pm GMT will be processed the next day.

Since PrimeXBT uses hot wallets for immediate withdrawals, withdrawals for large amounts may take some time, as they may not have the amount in them and must withdraw from their cold wallets to complete the operation.

Commissions, Fees and Limits

The platform handles only two types of commission, per operation and overnight financing. The latter is applicable to leveraged operations that are kept open at night. Thus, if a user opens and closes a position with leverage during the day, he would only have to pay the commission per operation.

The fees for operations with Cryptocurrencies are 0.05%. Those of other instruments such as stock indices, raw materials or metals are 0.01% and those of currency markets or FOREX are 0.001%. The daily financing interest rates for Long or Short position are shown in the following table.

Regarding the limit of operations, PrimeXBT establishes a restriction on the size of the positions that a user can open, depending on elements such as the liquidity of the instrument, its volatility and other market conditions. The platform will not allow users to place orders that exceed the limit if they are executed.

In margin trading, PrimeXBT will lower the leverage limits for those traders who have more exposure to the market. Leverage limits based on position size. As you can see, larger positions will require more margin and thus reduce your exposure and consequently risk.

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Privacy & Security

PrimeXBT has banking-level security protocols that guarantee the security of its users’ funds. It uses Cloudflare to protect against DDoS attacks, SSL encryption that encrypts all information sent to the platform, two-factor authentication, and address whitelisting.

To store user passwords, Prime XBT claims it uses the “Bcrypt” algorithm, which prevents reading them even if a hacker had access to the exchange’s servers.

The vast majority of the platform’s funds are stored in cold wallets, which because they are offline represent an additional security measure. The hot wallets used by PrimeXBT are used for withdrawal operations and immediate payments, so the funds in them are limited.

On the other hand, in case of moving funds from a cold portfolio to a hot one, the authorization of several people will be needed, since they have a multi-signature access system.

Because the platform is non-KYC and does not require detailed personal information in its registration process, there is no risk of exposing the identity of users of the platform.

PrimeXBT Turbo

Recently PrimeXBT launched a new trading option called PrimeXBT Turbo, a Bitcoin contract that offers a binary options-like experience with greater speed and simplicity.

This product allows users to choose between upload or download contracts, with durations of 30 seconds, one minute and five minutes. While this option allows the profits of its users to multiply quickly, it also offers a high potential risk of loss.

Users can try PrimeXBT Turbo through the use of a demo account with 1 BTC, to trade without any risk and put this new product to the test.

Covesting Module

Another of the most recent PrimeXBT innovations is its new Covesting module, a product that is the result of the partnership between the financial software company Covesting and PrimeXBT that allows copy trading.

Copy trading allows inexperienced users to connect with experienced traders as followers. Then, they can copy the strategies and operations carried out by the expert traders, creating a kind of beneficial synergy for both, since the expert trader will get a percentage of the profits from his followers.

Followers will be able to trade with any experienced trader and strategy of their choice, based on the statistics supplied daily by PrimeXBT and even get a percentage of the profits generated by the creator of the strategy.

It should be noted that even an expert trader can generate losses, so it is important to be careful and attentive to the use of risk management tools when trading.

Aplicación Móvil

For users who want to review and carry out their operations from anywhere without depending on their computer, PrimeXBT developed its mobile application for Android and IOS.

This application offers functionality very similar to that offered in its traditional version of a web browser. It allows a comfortable management of the accounts and an easy execution of the operations. However, the first and most comfortable option to operate is the web version of the platform.

Support and Customer Service

PrimeXBT has a customer service and support system that is available 24 hours a day, 7 days a week. Here, users can access multiple options such as live chat, email, and help desk.

It also has an extensive library of tutorials, video tutorials and trading guides, an innovative Telegram Bot that allows its users to get up-to-date information without having to log into their accounts.

Referral program

PrimeXBT has a four-level referral system that allows its users to obtain additional income from the commissions generated by the trading of their referrals. In addition, it has created a CPA referral program where people with high influence and followers, youtubers, influencers or webmasters can obtain even greater benefits.

Interested users have an easy-to-share reference link and allusive material to promote the process.

Advantages and Disadvantages
Among the main advantages of using PrimeXBT are:

  • Wide range of financial instruments. Being able to trade both crypto and traditional markets with a wide variety of instruments is definitely PrimeXBT’s main distinction.
  • Anonymous accounts. The simple registration process without KYC protects the privacy of users.
  • Security of funds. The platform provides strong banking-level security procedures to its users.
  • 100x leverage in crypto. While leverage enhances profits, it also does so with losses, so caution in its use is highly recommended.
  • Tools for trading. A robust offering of graphical and risk management tools makes trading easy for newbies and professionals.The main disadvantages of the platform are:
  • Recent creation. Despite its good reputation in the market, it has only been in operation for two years.
  • No client for PC. This prevents your users from operating without using the web browser.
  • No API functionality. Prevents users from programming their own bots or algorithms for automated trading.
  • Restrictions on use. It cannot operate in some countries such as the United States, Canada, Israel, Japan, Algeria, Ecuador, Iran, North Korea, Sudan, and Syria.

Conclusion

PrimeXBT is a solid and very complete platform that offers a wide variety of instruments to trade. It allows its users to diversify their operations, hand in hand with an easy-to-use interface, offering advanced and even professional tools.

Its high leverage and competitive rates, added to its advantages outlined above, make it an excellent option for any user, whether novice or professional, and these in turn make it stand out from its closest competitors.

Bitwise 10 Crypto Index Fund Sees Record Trading Volume In Debut 9150

Bitwise Asset Management, a leading crypto fund manager, announced that the Bitwise 10 Crypto Index Fund (ticker: BITW) saw record initial trading volumes of its shares in the secondary market following its debut on OTCQX Best Market® on Wednesday, December 9. More than $67 million of shares traded in the first three days, making it the highest volume debut of a publicly-traded crypto fund in U.S. history.

The prior record holder, the Grayscale Ethereum Trust, saw just over $9M in trading volume during the first three days following its debut on OTCQX on June 25, 2019. The Grayscale Bitcoin Trust, the largest crypto fund, with more than $10 billion in assets under management today, joined OTCQX on May 5, 2015, and had under $1 million in trading volume in its first three days on the market.

“We are thrilled to see the market’s reception of BITW as the first publicly traded crypto index fund,” said Bitwise cofounder and CEO Hunter Horsley. “As more and more financial advisors and investment professionals look to establish an allocation to crypto in their portfolios, a professionally managed index fund is a familiar and important tool.”

BITW ended last week as the fourth most highly traded security on OTCQX Friday, behind GBTC, Roche Pharmaceuticals and Air Canada.

“We are pleased that a market developed so quickly in BITW last week, with multiple market makers and a wide variety of participants involved,” said Bitwise COO Teddy Fusaro. “All investors should carefully consider the risks associated with the Fund, including the fact that we anticipate BITW shares will trade at either significant premiums to or significant discounts to their underlying value. We encourage individuals to talk to their financial advisor prior to making any investment decision.”

The Bitwise 10 Crypto Index Fund had over $135 million in assets under management as of December 13, 2020. The fund tracks an index of the 10 largest cryptocurrencies, screened for certain risks and weighted by market capitalization. The index and the fund are rebalanced on a monthly basis. As of Nov. 30, 2020, the fund held approximately 75% Bitcoin and 13% Ethereum, with the remaining 12% allocated across XRP, Litecoin, Chainlink, Tezos, and other cryptocurrencies.