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| July 18, 2019

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Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update

July 14, 2019 |

Businesses around the world continue to adopt bitcoin cash as a payment method and an exchange adds support for trading BCH. Watch these and other developments discussed in this week’s video update hosted by Roger Ver on Bitcoin.com’s Youtube channel.

Also Read: Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com

Bitcoin Cash Adoption Grows Around the World

In the weekly video update, Bitcoin.com CEO Roger Ver talks about some of the work that is happening to onboard new merchants to BCH around the world, from Venezuela to Japan. He also discusses technological developments happening in the Bitcoin Cash ecosystem and planned celebrations for the August 1 anniversary. Plus, watch the video to the end to see Roger’s response to U.S. President Donald Trump’s crypto tweetstorm.

There are currently over 1,250 merchants accepting BCH listed on Marco Coino and about 2,000 ATMs around the world. For Japan, www.bitcoin.jp/merchants has a list of BCH-accepting merchants with location details, contact info, pictures and more.

Singapore-based cryptocurrency trading platform Liquid has announced the addition of a new BCH/USDC trading pair, allowing its users to accept bitcoin cash or to trade it for the stablecoin. Exchange users will also soon be able to connect their accounts to the Bitcoin Cash Register app and receive USDC directly. This is a simple point-of-sale (PoS) app from Bitcoin.com that allows any business to accept BCH payments.

Bitcoin Cash Register lets merchants choose from over 150 fiat currencies, and cash out customers wanting to pay in BCH in a non-custodial manner, without any registration. The app is available for iOS and Android devices and has surpassed 10,000 installs on the Google Play store.

Local.Bitcoin.com Referral Competition

Bitcoin.com is giving you the chance to win $ 1,500 to spend on flight tickets to the destination of your choice, $ 500 to spend on the mobile phone of your choice, and one of eight $ 100 Amazon gift vouchers. Sign up at Local.Bitcoin.com and share your unique referral code for a chance to win. The more referrals you make, the higher your chances of winning. Follow our Twitter channel @BitcoinCom for more details.

Since its launch on June 4, Local.Bitcoin.com has grown to over 27,000 users and facilitated the trading of more than $ 300,000 in total volume. The peer-to-peer marketplace allows users to trade bitcoin cash anonymously and without any KYC. It lets traders choose from a range of payment methods, with the most popular being bank transfer at 35%, Paypal 11%, Alipay 12%, Venmo 6%, cash in person 6%, UPI (India) 5%, cash deposit 5% and gift cards at 5%.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update appeared first on Bitcoin News.

Bitcoin News

PR: Matrix Exchange Receives Approval From Abu Dhabi Global Market

July 14, 2019 |

PR: Matrix Exchange Receives Approval From Abu Dhabi Global Market

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset exchange and custodian in ADGM.

The United Arab Emirates keeps embracing and regulating blockchain & crypto assets into its financial system. ADGM was first in the Middle East and Africa region to establish and launch a fully operational and regulated crypto-asset framework and regime in June 2018. The ADGM business friendly and well-regulated ecosystem continues to attract more and global digital assets investors, blockchain technology companies and other related financial institutions to the UAE.

With digital assets becoming popular alternative investments, compliance is increasingly significant for investors and customers. “The IPA is an important milestone. Subject to regulatory approvals by the FSRA, Matrix Exchange aims to be a recognized regulated crypto asset exchange in the Middle East. It gives us the legitimacy to provide compliant, secure and reliable digital asset transactions for users when we are fully operational.” Matrix Exchange Chairman James Wo said.

With a particular focus on the UAE market, Matrix Exchange is also dedicated to establishing a world-class regulated exchange for international investors.

Matrix Exchange is sponsored by Digital Finance Group (DFG), which operates investments in both primary and secondary markets. DFG’s blockchain private equity fund has invested in excellent companies including Circle, LedgerX and more. DFG also provides support for ETC & ETH infrastructure projects, manages AToken (light wallet), BIKA (cryptocurrency market & info platform) and more.

Contact Email Address
baoqiqi@ifensi.com

Supporting Link
https://matrix.co/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Matrix Exchange Receives Approval From Abu Dhabi Global Market appeared first on Bitcoin News.

Bitcoin News

Binance Adds Margin as Exchange Competition Heats Up

July 13, 2019 |

Binance Adds Margin as Exchange Competition Heats Up

This week, the world’s largest exchange by trading volume, Binance, launched margin trading. In doing so, it made the elite group of exchanges that offer crypto derivatives less exclusive than it once was. Binance, Kucoin, and Bitmax have all rolled out margin products this year, in a bid to give market leaders Bitmex and Deribit a run for their money.

Also read: Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

Binance Leverages Margin to Woo the Bitmex Brigade

To celebrate its second birthday, Binance has been rolling out a flurry of new products and announcements this week. Chairman CZ has been even more active on Twitter than usual, providing teasers of what’s to come and revealing events such as the introduction of fiat-crypto pairs for Binance Singapore. Today, the exchange launched its margin trading platform, allowing it to go head to head with Bitmex, the home of 100x leverage on BTC and other leading crypto assets.

Binance Adds Margin as Exchange Competition Heats Up

“With margin trading being one of the most requested services from our community, this is a testament to the large market demand from retail and institutional traders alike and its promising possibilities in the future,” said Binance co-founder Yi He. CZ echoed this sentiment, speaking of it as being “another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof.”

Binance launched as a retail-focused cryptocurrency exchange, but as the broader industry narrative has shifted towards onboarding institutional clients, companies have adjusted their strategy accordingly. Bitmex, registered in the Seychelles, requires no KYC and is thus unsuited to institutional clients, who require greater regulatory and custodial assurances. Binance is hoping to not only capture a share of the retail market for margin trading, but to establish itself as a leading institutional exchange for derivatives. It will face stiff competition on both fronts, however, with the retail market having become particularly crowded.

Everyone’s on Margin

Kucoin beat Binance to the punch for margin trading by three days, launching its Kumex platform on July 8. It is still in public beta, however, and offers leveraged perpetual BTC contracts with up to 20x leverage. Its XBT perpetual contract takes a volume-weighted average price for BTC from six exchanges. During the three-week beta launch period, demo BTC is available for trading to allow users to familiarize themselves with the platform. To stimulate trading activity during this period, 10,000 KCS – Kucoin’s native token – will be given away. Thereafter, 50% of the net revenue from Kumex will be distributed to KCS token holders.

Binance Adds Margin as Exchange Competition Heats Up

Okex is also trying to gain a share of the lucrative margin market. In February, it expanded its margin products by adding four new pairs, allowing traders to long or short BSV, QTUM, DASH, and NEO against BTC or USDT with up to 3x leverage, with BCH, ETC, ETH, and XRP already supported. The exchange also offers a BTC perpetual swap with up to 100x leverage.

Other exchanges that offer margin trading include Etoro, Prime XBT, and Kraken. They’ll soon be joined by forthcoming BTC and ETH futures exchange Digitex, which promises to deliver up to 100x leverage and onchain settlement.

The High Cost of Margin Trading

Margin trading on Binance was already available in beta, but is now fully rolled out, with a dedicated margin wallet that supports BTC, ETH, XRP, BNB, TRX, and USDT. Traders simply transfer assets from their main account to their margin account to get started. The exchange has been at pains to emphasize the need for careful risk management when trading with leverage, however, since sudden and extreme price swings, which are synonymous with crypto assets, can result in liquidation.

Bitmex CEO Arthur Hayes is known for his unsympathetic attitude, which is all part of the experience when you’re trading on one of the world’s most unforgiving exchanges. “Man of the people” CZ is obliged to cut a more compassionate figure, however, and won’t be caught gloating at rekt traders. In an AMA on July 11, CZ revealed that 10,000 traders signed up for Binance margin in the first day and $ 15M in trades was placed.

With margin trading now just a couple of clicks away, a wave of Binance users will be exposed to its high octane thrills and perils in the weeks to come. The odds of institutional investors onboarding in their droves seems remote at this time though. In addition to its huge user base, Binance boasts a more stable trading engine than Bitmex, which is prone to crashing at peak times, and Binance’s user-friendly interface is more attractive to beginners. But with $ 3.6 billion of derivatives traded on Bitmex in the last 24 hours, it remains the runaway market leader by some distance. Binance, in comparison, reported a volume of $ 1.6 billion in the same period. Binance has already beaten Coinbase and Bitstamp to become the world’s leading cryptocurrency exchange. Bitmex is now next on its hit list, as it seeks to claim the derivatives crown.

What are your thoughts on Binance introducing margin trading? Let us know in the comments section below.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Binance Adds Margin as Exchange Competition Heats Up appeared first on Bitcoin News.

Bitcoin News

PR: Crypto Exchange Bithoven.com Enables Margin Trading

July 11, 2019 |

PR: Crypto Exchange Bithoven.com Enables Margin Trading

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Bithoven.com a progressive and high-tech cryptocurrency trading platform, has reported on the launch of advanced Margin Trading services on multifunctional MetaTrader 5, with maximum leverage 1:20 and BTC as margin nominal currency for more scalable and convenient buy and sell operations.

Registered platform users are able to open either Demo or Live margin accounts. By trading on Demo conditions, crypto traders can build up and refine successful trading strategies with zero risks, and by doing so, learn to effectively analyze market movements, support and resistance lines etc. Going Live opens up a rich and diverse trading environment with real market conditions. Here, traders are allowed to use trading robots/expert advisors, subscribe to trading signals and use copy-trading. Leveraged trading is fully compatible on all devices (web, mobile and desktop).

Built on the first-class practices of blockchain security and development, Bithoven.com facilitates the use of the latest and all-in-one trading platform MetaTrader 5, which features a great number of trading charts, timeframes, market depth, economic calendar, order-hedging etc. Registered users can maximize their potential return on investment by using the following margin tools ꟷ BTC/USD, ETH/USD, LTC/USD, XMR/USD, BCH/USD, ZEC/USD, DASH/USD, XRP/USD, EOS/USD, BCH/BTC, DASH/BTC, ETH/BTC, XMR/BTC and ZEC/BTC.

Further, there are no trading limits for margin trading accounts. Traders are free to trade either manually or apply algorithmic trading for large-scale data analysis, auto take profit and stop loss. What is more, the option of virtual hosting ensures round-the-clock connection to a trade server and an uninterrupted power supply.

Ever since its launch, crypto exchange Bithoven.com has progressed exponentially and has gained a reputation among many traders for its quality services. High liquidity portfolio in the order book guarantees instant trading and flawless order execution, thereby rendering precision and effectiveness. The platform renders professional online trading services and is widely recognized for its intuitive interface, cryptocurrency transaction speed, professional and dedicated customer care services and quality products. It has gained further momentum and received the Certificate for BEST CRYPTO START OF THE YEAR.

Contact Email Address
customercare@bithoven.com

Supporting Link
https://bithoven.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Crypto Exchange Bithoven.com Enables Margin Trading appeared first on Bitcoin News.

Bitcoin News

Liquid Exchange Launches BCH/USDC Trading Pairs

July 10, 2019 |

Liquid Exchange Launches BCH/USDC Trading Pairs

The global cryptocurrency trading platform Liquid has announced the release of its new BCH/USDC trading pairs allowing anyone to swap bitcoin cash for the popular stablecoin USDC. Moreover, Liquid users will soon be able to connect their accounts to Bitcoin.com’s new Bitcoin Cash Register app and receive USDC directly.

Also read: A Complete A-Z of Stablecoins

Liquid Exchange Adds BCH/USDC Trading Pairs Plus Bitcoin Cash Register Integration

This week the digital asset exchange Liquid revealed the launch of its new BCH/USDC pairs and the upcoming support for the Bitcoin Cash Register platform. Liquid users can now trade bitcoin cash (BCH) against Circle’s USD-pegged coin USDC. Founded in 2014 by Mike Kayamori and Mario Gomez Lozada, Liquid (a subsidy of Quoine) has been a popular exchange for quite some time. In a 12-month period up until May 2019, Liquid has processed more than $ 50 billion in transactions. The BCH/USDC trading pair support is coupled with the effort to integrate Liquid into Bitcoin.com’s new Bitcoin Cash Register application. Soon after the integration, users will be able to accept BCH payments and quickly settle into USDC via Liquid.

Liquid Exchange Launches BCH/USDC Trading Pairs

This year Bitcoin.com launched the Bitcoin Cash Register platform for iOS and Android devices. The application gives anyone the ability to accept BCH at any physical location by simply tethering the app to a public address or an extended public key. When the app feature is ready connecting the Bitcoin Cash Register app to the Liquid exchange will be able to be completed in just a few steps:

  1. Sign up for a Liquid account.
  2. Link the Bitcoin Cash Register app to the Liquid account.
  3. Accept BCH payments from anyone, and receive USDC directly into your Liquid account.

Liquid Exchange Launches BCH/USDC Trading Pairs

The Benefits of Bitcoin Cash and Fast Settlement

By giving merchants the ability to accept both BCH and USDC it will provide retailers with diversification through a simple point-of-sale solution that takes less than two minutes to set up. During the launch, the Liquid team detailed that the upcoming integration with the Bitcoin Cash Register app will be harnessed through Liquid’s Quick Exchange API that allows traders to quickly swap one asset for another.

“We have long been a supporter of the Bitcoin Cash ecosystem, with bitcoin cash traded on Liquid and also used as a funding currency for our initial exchange offering (IEO) platform,” Liquid CEO Mike Kayamori said during the launch. Kayamori continued by adding:

We firmly believe in making cryptocurrency accessible for all and so we welcome the opportunity to help merchants around the world accept payments in bitcoin cash and get fast settlement in a regulated stablecoin like USDC.

Liquid Exchange Launches BCH/USDC Trading Pairs

The USD-backed stablecoin developed by the open-source cryptocurrency organization Centre (Circle and Coinbase) has been a popular investment vehicle for trade and hedging since it launched in September 2018. USDC is also supported by other crypto infrastructure providers, wallets and software applications that support tokens through the open ERC-20 standard. A month later after the USDC launch, Liquid listed the coin to “meet the growing demand for reliable, regulated stablecoins that can be transferred quickly and used by traders to protect against market volatility.”

Bitcoin.com’s CEO Roger Ver is thrilled to see Liquid add the decentralized digital asset bitcoin cash paired with USDC on the exchange. Speaking on the announcement Ver further emphasized:

Bitcoin Cash is peer to peer electronic cash that is cheap, fast and reliable — We are very pleased with Liquid’s decision to add the BCH/USDC trading pair.

Users can sign up for the Liquid trading platform today and trade BCH against USDC at any time. People can also test out Bitcoin.com’s Bitcoin Cash Register app and sign up for Liquid to get updated on when the integration will be complete. Meanwhile, test out the merchant application with a public BCH address and accept crypto at your retail location. With another bitcoin cash market added to the cryptoconomy, Liquid’s new BCH/USDC pair adds more liquidity to the BCH ecosystem as a whole providing more accessible ways to trade.

What do you think about Liquid adding a BCH/USDC market? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Bitcoin Cash Register, and Liquid


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The post Liquid Exchange Launches BCH/USDC Trading Pairs appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange

July 5, 2019 |

Cryptocurrency tracking instruments traded on established equity exchanges allow institutional and retail investors to gain exposure to digital assets. Now there is a new option to invest in bitcoin cash (BCH) with an exchange traded product in one of the most advanced markets in the world. Under the ticker ABCH, bitcoin cash is the sixth Amun crypto-asset tracker listed on the Swiss stock exchange Six.

Also Read: Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com

Bitcoin Cash Exchange Traded Product

Amun AG, a Swiss fintech company aiming to facilitate access to crypto asset investments, announced on Friday, July 5 that it has listed the first exchange traded product (ETP) tracking the performance of bitcoin cash (BCH). Founded in 1850, Six is Switzerland’s principal stock exchange. It offers traders securities including Swiss government bonds as well as derivatives such as stock options.

The Amun Bitcoin Cash ETP is a fully collateralized product that is denominated in US dollars and has an annual investor fee of 2.5% that includes custody, insurance, and re-balancing fees. This new crypto investment instrument is seeded by Roger Ver with 25,000 BCH, worth more than $ 10 million as of today.

The flow of institutional money into digital assets of all kinds over the past few years has helped the new market mature, granting it similar status to investment categories such as stocks and other equities. By giving investors another option to profit from the success of bitcoin cash, this new tool will also support cryptocurrency becoming mainstream as more people are exposed to it financially.

Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange
SIX Swiss Exchange building, Zurich, Switzerland

Headquartered in Zurich, Amun was established in 2018 and is led by a team of serial entrepreneurs and experienced professionals from the asset management industry. It employs an institutional grade security and custody solution using a variety of safety measures including cold storage, multiple private keys, whitelisting and audit trails to hold the underlying crypto assets.

“As Bitcoin Cash is becoming a game changer in the crypto space and beyond, I believe Amun has the credential to carry out our objective, a global adoption of Bitcoin Cash. We are confident that our investment in the new Amun BCH ETP will set the example and drive more investors to join the growing community which believes in the success of Bitcoin Cash,” explained Bitcoin.com CEO Roger Ver.

Six Swiss Exchange Leads With Crypto ETPs

This launch of the BCH exchange traded product follows the listing in the past nine months of five ETPs by Amun for trading on Six. These cover the top 10 cryptocurrencies with the Amun Bitwise Select 10 Large Cap Crypto Index ETP (KEYS), the top five cryptocurrencies with the Amun Crypto Basket Index ETP (HODL), as well as three individual asset trackers on bitcoin (ABTC), ethereum (AETH) and ripple (AXRP).

Hany Rashwan, Amun Co-Founder and CEO, commented: “We are delivering our strategy, which is to provide investors with the wider product suite in the crypto-assets space, easily available on one of the most reputable market place, the Swiss Exchange. Thanks to this product, investors can now easily add Bitcoin Cash (BCH) to their portfolio.”

Given the occasional confusion between ETPs and ETFs (exchange traded funds), it is important to note that while the two instruments have technical similarities, they are legally two different products, and are listed under different categories on Six Swiss Exchange. When the matter popped up last year the exchange clarified that: ”ETPs are collateralized, noninterest-earning bearer debt securities which replicate an underlying [asset] (generally from the commodities sector), either on a regular or leveraged basis. Like ETFs, they trade in a multi market-making segment, but in legal terms they are not funds.”

Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange

Not satisfied with merely serving as a hub for investing in crypto assets tracking products, Six is also looking for additional ways to benefit from the innovation underpinning cryptocurrency. Earlier this year the chairman of the exchange, Romeo Lacher, announced Six’s intention to launch a new market powered by blockchain technology during the second half of 2019. The venue, to be called the SIX Digital Exchange (SDX), is expected to initially run parallel to Six’s legacy exchange platform.

By incorporating distributed ledger technology, transactions on SDX will only require a single step and can be completed in less than a second, whereas the legacy platform requires three processes that can take up to several days to finish. Lacher also stated at the time that the exchange is hoping to conduct a security token offering.

The Swiss Advantage

The launch of this bitcoin cash exchange traded product is the latest example of how Switzerland is well ahead of most other countries in terms of crypto finance. For centuries the country was known around the world for its tradition of banking secrecy, but now the cryptocurrency industry has taken root in the country.

Cryptocurrency foundations, community organizations and entrepreneurs have all helped put the lightly populated Swiss canton of Zug on the business world’s map as ‘Crypto Valley’. This is mainly because the local administration has created one of the most welcoming environments for the industry, in contrast to much more restrictive jurisdictions such as the U.S. where many businesses complain innovation is discouraged by heavy-handed regulations.

The latest example of this trend is of course Facebook establishing the foundation for managing its Libra coin in Switzerland, which American politicians see as a possible threat to the hegemony of the U.S. dollar.

What do you think about a bitcoin cash ETP listing on the Swiss stock exchange? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange appeared first on Bitcoin News.

Bitcoin News

PR: Pbet IEO Launches on P2PB2B Exchange

July 2, 2019 |

PR: Pbet IEO Launches on P2PB2B Exchange

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

PBET’s IEO on P2PB2B has rolled out recently and the token promises immediate demand that eventually translates to higher value and strong ROI for investors.

Cyprus, July 2nd 2019: Great news for aspiring crypto investors looking for a prospective token. Rising crypto gaming platform Pbet will finally launch its IEO on P2PB2B exchange today for its signature token Pbet that holds strong potential for excellent ROI in near future. PBET will launch its IEO on 2 additional exchanges during this month only.

PBET is a state of the art platform that represents the unique unification of physical casinos, players and its own crypto portal to form a unified Omni-channel Crypto gaming platform. It’s aimed to create a seamless convergence between online and physical gaming via its unified gaming portal. The Pbet token is designed to generate a strong synergy in between these two channels whilst integrating cryptocurrency-based instant payment as well as combining partners in a token-based Reward Club.

The Pbet token is fast becoming a sought-after name in the crypto scene which eventually indicates a steady rise in the token value in near future. The token already commands a presence in 20 venues, including both online and offline casinos.

“We are delighted to launch the PBET IEO on our platform. The token shows high potential for growth and is backed by a committed team which is going to bring a revolution in the casino and crypto scene”. PBET’s physical casino management system is running in full bloom in land-based casinos and company is soon to witness a heightened demand. The immediate demand of the token will enhance its value drastically and we are a confident of a bright future of the token. Investors who have been in quest of boosted ROI in crypto sphere can have count on PBET.

“It feels amazing to start our IEO on P2PB2B today. It offers us a fantastic opportunity to roll out our token before the vast crypto community of such a leading exchange. We are positive about rising value of Pbet and we promise strong yields for investors who will put their faith in us. The IEO is for a limited time only and we invite contributors to grab quickly the chance before it’s too late”, added Frederick Vachon, founder of PBET.

PBET is on the mission to enable physical casinos enter the online world with a convenient turnkey, zero fee and revenue-sharing model. It will also help players to play online with instant payments and zero/minimal transaction fees.

The IEO will commence on July 2nd and conclude on July 14, 2019.

For more information or PR Enquiries contact.
PLC. Player Loyalty LTD. (PBET)
info@pbet.io

Supporting Link
https://pbet.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Pbet IEO Launches on P2PB2B Exchange appeared first on Bitcoin News.

Bitcoin News

Dennis Kucinich says Harris-Biden exchange bad for Democrats: ‘You divide, Trump conquers’

June 29, 2019 |

The decision by Sen. Kamala Harris to attack former Vice President Joe Biden over school busing during Thursday’s Democratic Party debate could hurt the party heading into 2020, according to Dennis Kucinich.
FOX News

Koinex Exchange Shuts Down Ahead of Crypto Regulation

June 28, 2019 |

Koinex Exchange Shuts Down Ahead of Crypto Regulation

Another Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies.

Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms

Koinex Shuts Down

Indian cryptocurrency exchange Koinex announced its shutdown Thursday. CEO Rahul Raj explained that “After months of uncertainty and disruption, we have regretfully decided to shut down all digital assets exchange services and operations today,” adding:

The digital assets trading services will be permanently disabled on all our platforms at 2:00 PM IST on Thursday, June 27, 2019. All open orders after this deadline will be automatically cancelled and the funds will be returned to corresponding wallets.

Koinex Exchange Shuts Down Ahead of Crypto Regulation

The exchange’s wallet service will continue to be functional but users are required to withdraw all funds from the platform by July 15. “Failing to do so may result in forfeiture of their funds, in case we are unable to keep the wallet function alive post the aforementioned timeline,” the exchange warned.

Koinex explained that a snapshot of users’ wallet balances will be taken for record and its “effort to disburse INR balances will begin immediately.” The company explained that in the next five weeks, it will attempt to release all user deposits to their registered bank accounts. A convenience fee of between INR 10 ($ 0.14) and INR 2,000 ($ 29) will be levied based on the user’s INR wallet balance. The exchange clarified:

Since the bank accounts with user funds are still frozen and the capital is held up, we have made arrangements for funds from our own resources … This is a voluntary move and is being undertaken even though it is not our legal obligation.

Koinex began service on Aug. 25, 2017. Within four months of launch, it recorded $ 265 million in trading volume and, at peak in December, it onboarded over 40,000 new users in 24 hours, the CEO claims. On its website, Koinex claims to have more than 1 million registered users and executed over 20,000 orders worth over $ 3 billion.

RBI Ban and Supreme Court Hearing

Raj also revealed that Koinex has been impacted by the crypto banking ban imposed by the central bank, the Reserve Bank of India (RBI).

Koinex Exchange Shuts Down Ahead of Crypto Regulation

In April last year, the central bank issued a circular banning regulated financial institutions from providing services to crypto businesses, giving them three months to exit relationships with companies and individuals dealing in cryptocurrencies. They also “block all such crypto-related transactions,” the CEO emphasized. While the RBI circular has been challenged in the country’s supreme court, nothing has changed so far and the banking restriction continues. Raj elaborated:

The last 14 months have been tough to operate a digital assets trading business in India, on account of the closure of bank accounts holding user deposits … Multiple delays by the government agencies in clarifying the regulatory framework for cryptocurrencies despite our pending writ petition in the Supreme Court of India.

“We have consistently been facing denials in payment services from payment gateways, bank account closures and blocking of transactions for trading of digital assets,” the CEO continued to share. “Even for non-crypto transactions like payment of salary, rent and purchase of equipment, our team members, service providers and vendors have had to answer questions from their respective banks  —  just because of an association with a digital assets exchange operator.”

Koinex has become the fourth crypto exchange to fall victim to the banking restriction by the RBI. In September last year, Zebpay shut down all its exchange activities in India due to the banking problem. Coindelta announced its shutdown in March, and Coinome made a similar announcement in May.

Several writ petitions have been filed to lift the banking ban. The country’s supreme court is set to hear the case on July 23. The court may also hear about the regulatory framework for cryptocurrency from the government at that time.

Koinex Exchange Shuts Down Ahead of Crypto Regulation

Indian Crypto Regulation

India’s regulatory framework for cryptocurrency has been drafted by an interministerial committee headed by Subhash Chandra Garg, Secretary of the Department of Economic Affairs and Finance Secretary. He recently stated that the committee’s report with the recommended crypto regulation is ready to be submitted to the finance minister for approval.

While the content of the report has not been made public, a couple of local news outlets have claimed to have knowledge of a draft cryptocurrency bill called the “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019.” Bloombergquint has made a bold claim that the bill proposes a 10-year jail sentence for a number of crypto activities. News.Bitcoin.com recently provided a preliminary analysis of the leaked information of this bill. Further, four different government bodies have replied to Right to Information (RTI) requests about this bill.

While media reports are not confirmed, Raj said that the news of this bill “has created enough FUD in the Indian crypto trading community to result into a sharp decline in trading volumes” on his exchange.

What do you think of Koinex shutting down due to the banking problem and regulatory clarity? Let us know in the comments section below.


Images courtesy of Shutterstock.


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The post Koinex Exchange Shuts Down Ahead of Crypto Regulation appeared first on Bitcoin News.

Bitcoin News

PR: Decoin Exchange Launches Unique Revenue Sharing Protocol

June 19, 2019 |

Decoin Exchange Launches Unique Revenue Sharing Protocol

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Decoin is rejoicing increased numbers of user registrations in recent times and enhanced trading volumes with its exclusive revenue-sharing model and credible trading environment.

19.06.2019: Amid the gory reports of fake trading volumes claimed by crypto exchanges which have made many traders apprehensive of crypto trading, one rising exchange seems to be sailing on a high note of late. Titled “Decoin”, the exchange has reported of experiencing increasing registrations and more trading volume even in the midst of a conflicted and skeptical environment in the current crypto scene. The credit goes to its unique “revenue-sharing model” which has been able to earn the trust of aspiring traders through the establishment of a fair trading scenario.

Decoin is the first crypto exchange in the world which has announced to share its revenue with its token (DTEP token) holders. The exchange shares 20% of its revenue with its users.

“We are aware of the skeptical attitude towards crypto trading among many crypto traders today given the recent report on fake data on trading volume produced by several exchanges. But our exchange is strategically designed to bypass all such dubious schemes and ensure a safe and fair trading environ for our traders. We follow a revolutionary revenue-sharing approach and this very protocol prevents us from showing any kind of inflated data on trading volume”, stated a leading spokesperson from Decoin.

If Decoin produces any sort of inflated data on trading volume, the exchange will simultaneously have to share a spiked amount with its token holders as well.

“We are glad that our exclusive approach has been able to assure a reliable trading environ for crypto traders. And the increasing number of registrations we are gaining today duly stand testimony to this very fact. We are also witnessing a higher trading volume and we are grateful to our users for having faith in us.”

Decoin also stands among regular centralized crypto exchanges with its decentralized infrastructure. A decentralized environment assures transparency which further eliminates any possibility of producing fake data.

Added to establishing a credible trading environment, Decoin is also offering various perks for its token holders which are playing a key role in attracting increasing registrations towards the exchange. Running on PoS (Proof of Stake) blockchain structure, DTEP assures 6.2% annual staking rewards for the users. Besides, DTEP coin holders even enjoy discounted trading fees on the Decoin exchange.

For more, please visit https://www.decoin.io.

Contact Email Address
shay@decoin.io

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