Bitstamp to Add Support for GBP

Bitstamp to Add Support for GBP

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Yesterday 22:35

Bitstamp cryptocurrency exchange has announced it will add support for the pound sterling next week.

According to an official announcement, all the exchange’s fiat and cryptocurrencies will get an additional GBP pair, with zero trading fees through 1 September 2020, including USD, EUR and BTC.

The addition of the pound sterling will be implemented in four stages: transfer-only mode, post-only mode, limit-only mode and full trading.

GBP trading pairs will reportedly be available worldwide, except in certain US states.

Previously iHodl reported that a Canadian crypto investor Salim Satir filed a lawsuit with the High Court of England and Wales against the London exchanges Gatehub and Bitstamp.

According to him, the platforms provided deliberately false information, because of which he incurred $4.9 million in losses.

In March, the UK Financial Supervisory Authority (FCA) notified investors that the BitMEX cryptocurrency exchange did not receive a license to operate in the country and could potentially conduct fraudulent activities.

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Source: ihodl.com

Author: Pexels.com/Suzy


Bitbuy, Knox And Insured Custody for Bitcoin Exchange – Bitcoin...

Bitbuy, Knox And Insured Custody for Bitcoin Exchange – Bitcoin…

Today, insured bitcoin custody provider Knox has announced its partnership with Canadian cryptocurrency exchange Bitbuy in a sign of growing interest for offline and insurable third-party storage solutions.

“Bitbuy is partnering with Knox … allowing its clients to have their bitcoin stored in an offline vault with insurance up to the full value of holdings,” according to a press release shared with Bitcoin Magazine. “This is a significant development for the burgeoning cryptocurrency industry, and makes Bitbuy the world’s first platform to find a way to keep the full value of its bitcoin cold storage holdings insured, which usually represents the vast majority of a platform’s client holdings.”

For Bitcoin, custody is critical. A fundamental tenet of the technology is its power to free users from the third parties that control the traditional financial system — the banks that can withhold funds and policymakers who can bar access. “Not your keys, not your coins” has become shorthand for this philosophy that BTC custody should not be trusted to middlemen.

But personally holding private keys is a solution that doesn’t make sense for institutions or groups of more than a few individuals. It’s not viable for organizations to join the Bitcoin ecosystem without some form of third-party custody.

As Alex Daskalov, founder of Knox, explained to Bitcoin Magazine upon its launch in September 2019, “Second best thing you can do if you’re not going to hold your private keys is that you should have the right to have the full value of the assets insured.”

Daskalov explained that, upon its launch, Knox’s insurance broker matches it with insurance based on a sliding scale of how much it’s willing to cover. These insurance companies issue written attestations that they are willing to cover deposits up to certain thresholds and these attestations can serve as some added confidence for customers.

This latest partnership is targeted at an avenue where Bitcoin custody could use a new solution: for holdings left on cryptocurrency exchanges.

“Many cryptocurrency users leave their bitcoin on-platform to make them readily available,” per the Knox release. “Platforms typically rely on internal storage systems for their offline holdings — typically 95 percent — that they secure on behalf of their clients. Custodial exchanges are not financially compensated for this service and treat it as the cost of doing businesses.”

As the Bitcoin community has learned repeatedly, cryptocurrency exchanges are decidedly unsafe places to leave your funds. That fact may have affected many Bitbuy users after the Canadian exchange QuadrigaCX went bankrupt while owing $190 million in clients’ digital assets last year.

“Bitbuy … will be moving all its bitcoin holdings over to Knox, which will securely store Bitbuy clients’ bitcoin in a fully segregated and insured custody account,” the release states. “The Knox insurance policy covers the risk of theft and loss, including internal theft such as collusion, up to the value of the holdings held in cold storage subject to the full policy terms, conditions and exclusions.”

Bitbuy clients will not be required to pay any additional fees for this protection, as the exchange decided to absorb the costs itself.

“Deep liquidity and asset security shouldn’t be mutually exclusive,” said Adam Goldman, president and founder of Bitbuy, according to the release. “We’re excited to be pushing forward the limits of the experience for Bitcoin.”

Peter Chawaga is a senior editor at Bitcoin Magazine. He HODLs BTC.

Source: bitcoinmagazine.com

Author: Peter Chawaga


CrypChain to Offer a Variety of Purchase Solutions for Cryptocurrencies

CrypChain to Offer a Variety of Purchase Solutions for Cryptocurrencies

News Image

The cryptocurrency market continues to remain volatile in 2020, attracting an increasing number of people. With more retail investment funds pouring into the industry, the need for state-of-the-art crypto exchange services became a crucial need. CrypChain is a solid brand now providing access to the fastest and easiest way to buy or sell Bitcoin, as well as other highly demanded cryptocurrencies.

Raising the bar for cryptocurrency exchanges

For the past two years, the world of cryptocurrencies had been changing at a fast pace, and it’s exactly what emphasizes the need for more regulation. Regulatory framework is first and foremost what will sustain the honest trust people have in the ability to change the financial world. The need for trusted exchanges becomes imperative to ensure that changing fiat into crypto is done in both a secure and trusted environment.

Operated by CrypWays Solutions OÜ, a company based in Tallinn, Estonia, CrypChain is regulated by the Financial Intelligence Unit (FIU) and is one of the few exchanges that operate under a solid regulatory framework. Nowdays, Most of the exchange platforms operate offshore and lack transparency. They are unable to provide the much-needed proof for their clients, who are unable to rest assured that no regulatory issue will be encountered.

Fully aware of what people need from an exchange in 2020, CrypChain had designed a comprehensive offer for clients wanting to exchange Bitcoin or Ethereum, guaranteeing fast transaction processing with the best market rates. Customers have a variety of purchase solutions, including credit card and wire transfer. For high volume purchases, the exchange had created an additional OTC desk to be able to close a rate in a short period. At the same time, with its well-connected Bitcoin miners and the world’s largest exchange platforms, CrypChain aims to be the first step into the cryptocurrency world for everyone.

Dealing with cryptocurrencies in 2020

What cryptocurrency will become the main one in a year?
BitcoinEthereum

Speaking about the integration of cryptocurrencies into the economy, the past two years had seen many new companies accepting payments in some of the most popular cryptocurrencies, mainly Bitcoin. Although at a governmental level, there’s still skepticism when it comes to embracing cryptocurrencies, countries like Japan had been pioneers for a new trend, regulating Bitcoin as a payment system.

Since people can use cryptocurrencies in many different ways, CrypChain wants to enable customers to buy or sell at some of the most competitive market rates, all in the safest and trusted exchange environment. Its ultimate goal is to show that an exchange platform can function smoothly when complying with regulatory requirements. Because of its solid work ethic, CrypChain looks set to be a trending exchanging in 2020, providing a safe solution for people wanting to deal with cryptocurrencies.

About CrypChain

CrypChain is all about Cryptocurrency transactions. As the leading Cryptocurrency exchange platform, the brand is buying and selling Cryptocurrencies at the best rates.

Share article on social media or email:

  • Source: www.prweb.com


    CrypChain to Offer a Variety of Purchase Solutions for Cryptocurrencies | 28.05.20

    CrypChain to Offer a Variety of Purchase Solutions for Cryptocurrencies | 28.05.20

    ZAGREB, Croatia, May 28, 2020 /PRNewswire-PRWeb/ – The cryptocurrency market continues to remain volatile in 2020, attracting an increasing number of people. With more retail investment funds pouring into the industry, the need for state-of-the-art crypto exchange services became a crucial need. CrypChain is a solid brand now providing access to the fastest and easiest way to buy or sell Bitcoin, as well as other highly demanded cryptocurrencies.

    Raising the bar for cryptocurrency exchanges

    For the past two years, the world of cryptocurrencies had been changing at a fast pace, and it’s exactly what emphasizes the need for more regulation. Regulatory framework is first and foremost what will sustain the honest trust people have in the ability to change the financial world. The need for trusted exchanges becomes imperative to ensure that changing fiat into crypto is done in both a secure and trusted environment.

    Operated by CrypWays Solutions OÜ, a company based in Tallinn, Estonia, CrypChain is regulated by the Financial Intelligence Unit (FIU) and is one of the few exchanges that operate under a solid regulatory framework. Nowdays, Most of the exchange platforms operate offshore and lack transparency. They are unable to provide the much-needed proof for their clients, who are unable to rest assured that no regulatory issue will be encountered.

    Fully aware of what people need from an exchange in 2020, CrypChain had designed a comprehensive offer for clients wanting to exchange Bitcoin or Ethereum, guaranteeing fast transaction processing with the best market rates. Customers have a variety of purchase solutions, including credit card and wire transfer. For high volume purchases, the exchange had created an additional OTC desk to be able to close a rate in a short period. At the same time, with its well-connected Bitcoin miners and the world’s largest exchange platforms, CrypChain aims to be the first step into the cryptocurrency world for everyone.

    Dealing with cryptocurrencies in 2020

    Speaking about the integration of cryptocurrencies into the economy, the past two years had seen many new companies accepting payments in some of the most popular cryptocurrencies, mainly Bitcoin. Although at a governmental level, there’s still skepticism when it comes to embracing cryptocurrencies, countries like Japan had been pioneers for a new trend, regulating Bitcoin as a payment system.

    Since people can use cryptocurrencies in many different ways, CrypChain wants to enable customers to buy or sell at some of the most competitive market rates, all in the safest and trusted exchange environment. Its ultimate goal is to show that an exchange platform can function smoothly when complying with regulatory requirements. Because of its solid work ethic, CrypChain looks set to be a trending exchanging in 2020, providing a safe solution for people wanting to deal with cryptocurrencies.

    About CrypChain

    CrypChain is all about Cryptocurrency transactions. As the leading Cryptocurrency exchange platform, the brand is buying and selling Cryptocurrencies at the best rates.

    In order to provide a great solution, Crypchain offer it’s customers a variety of purchase solutions including Credit Card and Wire Transfers. For high volume purchases, they have created an additional OTC desk in order to be able to close a rate in a short period of time. With well-connected Bitcoin miners and the world’s largest exchange platforms, Crypchain are your first step into the Cryptocurrency world.

     

    SOURCE CrypChain

    Source: www.finanzen.at


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