How has Blockchain Technology Influenced Online Trading? –

How has Blockchain Technology Influenced Online Trading? -

Buying and selling has at all times been probably the most go-to profit-making strategy of enterprise fanatics, and it has labored pretty nicely for them. Property constructing and finance managing isn’t a straightforward idea for a businessman, as they search to make enormous earnings out of it and safe long run monetary independence. One of the crucial obvious prospects for adopting on-line buying and selling as a medium of funding and transaction is the decrease transaction prices. Many of the merchants get profit from the standard brokerage companies because it requires solely $5 to $10 to enter into the buying and selling market. On-line buying and selling has turned the monetary world into an adaptable platform by enhancing the convenience of investments and transactions.

The cryptocurrency was launched to the financial world simply over a decade in the past. Since then, it has been in a position to entice potential traders and merchants to hold out their transactions and put money into these digital currencies. With the potential of producing hefty earnings, the affect of cryptocurrency has been continuously rising, not solely within the enterprise world but in addition over most people in numerous areas. It has confirmed itself through the years and has risen to success by means of a definitive and safe mechanism that’s nicely fitted to the trendy world order.

Investing Your Time and Sources in On-line Buying and selling

On-line buying and selling has made it straightforward for merchants to make all their selections independently. Many people at the moment are investing in numerous shares and cryptocurrencies all by themselves, they usually have additionally began utilizing cryptocurrency as a mode of transaction and fee. Moreover, now there are completely different brokers that present their providers at an inexpensive worth and are extra dependable for getting shares and shares.

Platforms like Bitcoin Prime, supply flexibility and comfort to their customers, they usually execute trades effectively and successfully. and it’s a extremely user-friendly platform with elevated accessibility and ease-of-use dealing with. Little question a number of the brokers want particular appointments for transactions, however apart from this, a median investor or dealer can instantly execute a commerce.

Automation and Use of AI Know-how

The world of on-line buying and selling can also be considerably difficult, as there are fluctuating market tendencies, which reciprocate to worldwide political, and socio-economic circumstances. These fluctuations can both account for enormous earnings or end in a big quantity of loss as nicely. Nonetheless, buying and selling platforms have simplified the buying and selling course of by supporting merchants and traders by means of their AI-powered software program that launch market predictions and indicators upon thorough analysis, and reduce the danger of loss. Merchants may also apply on demo accounts to get an perception into the world of on-line buying and selling and may convert their account to a traditional one every time they’re prepared.

Moreover, Blockchain Know-how has confirmed to be a revolutionizing idea on the earth of on-line buying and selling. It’s principally a digital ledger of transactions which can be saved in a pc, as every block of the chain carries the knowledge of quite a few transactions. Blockchain know-how secures the whole mechanism of on-line crypto buying and selling, because it eliminates the danger of hacking and theft. Moreover, the recorded ledger additionally supplies a greater perception into the market and proves important in releasing extra dependable market predictions. Subsequently, platforms that use Blockchain know-how are anticipated to carry out even higher within the buying and selling world.

Source: topcryptonews.info


Colombia's Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks – Finance Bitcoin News

Colombia’s Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks – Finance Bitcoin News

In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges. So far, Colombia’s financial department has approved nine partnerships between exchanges and national banks in order to make cryptocurrency operations more accessible to citizens.

The Republic of Colombia in South America has been friendly toward crypto assets like bitcoin (BTC) and other digital currencies over the years. More recently, during the first week of January 2021, the Superintendence of Corporations in Colombia explained in an official circular that local firms can leverage capital to purchase bitcoin.

Now the Financial Superintendence of Colombia (Superfinanciera) or FSC has revealed a trial between regulated financial institutions in the country and digital currency exchanges.

The organization tied to Colombia’s Ministry of Finance and Public Credit shared a tweet on January 29, 2021, that informed the public about the alliance between a number of national banks and a select group of crypto exchanges. The mission is to enable more cryptocurrency operations to make the crypto economy in Colombia more accessible.

The initiative started in 2020, and a number of exchanges had to get approval from the FSC in order to participate. To date, the financial watchdog approved nine digital currency exchanges so far, and the platforms Movii and Panda Exchange were included.

“The Evaluation and Monitoring Committee of the government pilot that will enable cash-in and cash-out operations in financial products of deposit on behalf of crypto asset exchange platforms selected nine out of fourteen initiatives that applied for tests,” the FSC explained. Essentially, the Colombian government’s crypto sandbox was created to enhance new technologies and financial products.

The Colombian Superintendence further said:

The pilot project does not have an impact on the current regulatory framework suitable for crypto assets, that is to say, it does not change the allocation of responsibilities in the information and risk management of this kind of transactions nor it could be understood as an authorization for the financial system to use the public’s savings to perform these operations or for the exchange platforms to be under the supervision of Superfinanciera.

News.Bitcoin.com has reported on the expansion of Panda Exchange during the last few years. In 2018, Panda expanded its crypto-to-fiat trading markets, in 2019 the company launched a number of hybrid point-of-sale (PoS) crypto ATMs in Bogota and Venezuela.

Colombia's Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks

Panda is partnered with Movii and in order to become registered and a verified Panda Exchange user, all an individual needs is a valid Movii account.

“Our platform has been working on this initiative and subsequent approval since last quarter of 2020 in order to be included in that important and innovative ruling,” the company explained during the announcement.

Panda further added:

Now it is easier than ever to take part of the cryptocurrency world, thanks to this ruling, crypto assets trading could be part of your everyday life. [Panda Exchange] meets all the legal and financial requirements set to be authorized to enable operations in crypto-assets for Colombians through our partnership with Movii.

Speaking with news.Bitcoin.com, Panda Exchange founder Arley Lozano said his team was thrilled to make crypto assets more accessible to his Colombian brothers and sisters. “This is an opportunity that our team was waiting for and finally the government has opened the door to the real crypto adoption,” Lozano stressed. “We are extremely happy to be one of the crypto platforms that was chosen by Colombia’s financial authorities,” the exchange founder concluded.

What do you think about the Superfinanciera approving nine crypto platforms for this initiative? Let us know what you think about this subject in the comments section below.

Arley Lozano, BCH, Bitcoin, bitcoin cash, BTC, colombia, colombian, Colombian Government, Colombian National Banks, crypto assets, Cryptocurrency, Finance, financial products, Financial Superintendence of Colombia, Movii, National banks, Panda Exchange, Panda Founder, Superfinanciera

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.

Source: news.bitcoin.com

Author: Finance

by
Jamie Redman


Blockchain Firm Asks Nevada State for Permission to Build a Crypto 'Smart City' in Storey County – Blockchain Bitcoin News

Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County – Blockchain Bitcoin News

A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County.

According to a report published by the Associated Press, Blockchains LLC wants to build the crypto city within its 67,000 acres of land located in Reno’s east. But the application is not limited to Blockchains LLC.

The firm’s CEO, Jeffrey Berns, wants that local authorities grant other companies the green light to do similar projects in the state.

Per the company’s CEO, if they get the approval, the firm will establish its own laws, as they’ll be granted power on building schools and even law enforcement.

The crypto city also expects to deploy an economy based on digital currencies, where residents could purchase goods and pay for services via crypto assets.

However, they don’t want to limit the project to an economy’s digitalization. In fact, the smart city aims to record financial statements, medical records, and personal data on the blockchain.

What future awaits cryptocurrencies?
GOODBAD

The city will be located 12 miles east of Reno. The proposal also aims to build 15,000 homes starting from 2022, if the firm gets the approval.

For the long term, precisely within 75 years, Blockchains LLC would like to build 33 million square feet of commercial and industrial space.

Berns commented on the idea that Nevada changes its legal framework to allow “innovation zones” in the state:

We bought 70,000 acres of land in the county. What did they think we were going to do? (…) For us to be able to take risks and be limber, nimble and figure things out like you do when you’re designing new products, that’s not how government works. So why not let us just create a government that lets us do those things?

Although, Ben Kieckhefer, a blockchain-friendly Nevada Republican senator didn’t go into in-depth details on Blockchains LLC proposal, he said the following:

I don’t know enough yet to say whether I’m comfortable with this as the next step or not. But, look, it’s a big idea, and Nevada has been built on big ideas, so let’s hear it out.

The “innovation zones” mentioned by Berns are not a new concept in Nevada, at least within the local political sphere. The state’s governor Steve Sisolak highlighted the idea during his State of the State address on January 19, 2021, to “diversify the economy” in a post-pandemic era.

What do you think about the concept of a crypto “smart city”? Let us know in the comments section below.

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.

Source: news.bitcoin.com

Author: Blockchain

by
Felipe Erazo


Illicit Crypto Transactions Fell in 2020: Chainalysis Report

Illicit Crypto Transactions Fell in 2020: Chainalysis Report

Criminals have always sought out ways to make a killing in any economic climate, and crypto has gradually grown into their playground. Crypto’s recent emergence and rise have seen cybercriminals coming into the nascent tech space.

Many financial regulators are pointing to the semi-pseudonymity of BTC as a viable ground for criminals to thrive, but data from blockchain intelligence firm Chainalysis suggests otherwise.

According to data released yesterday by blockchain and crypto watchdog Chainalysis, there have been improvements in fighting crypto-related crimes in 2020 than the year before. 

The document pointed to a fall in illicit transactions volume of cryptocurrency assets from $21.4 billion to $10 billion in 2020. These transfers were pinned at 2.1% in 2019 but fell to 0.34% in 2020. 

Mapping out the illicit transfer of crypto funds that made up the 0.34% in 2020, Chainalysis pointed to ransomware attacks as the most viable of the eight categories underlined. These premeditated malicious attacks replaced scams like the infamous PlusToken Ponzi Scheme of 2019. 

Although the 2019 racket brought in over $2 billion+ outstripping ransomware attacks at $350 million, the intelligence firm pointed out that these attacks accounted for 311% of the illicit crypto transaction volume in 2020.

Chainalysis said its estimates on ransomware attacks’ impact were modest as many attacks were not reported to the authorities. Experts are quoted as saying crimeware figures run as high as $20 billion in 2020 alone.

Even with the crypto space’s dire outlook, Chainalysis believes the tide is changing for the nascent industry due to regulators demanding more from crypto-facing companies. 

The financial agencies’ efforts have seen crypto criminals having to rely on a small number of service providers in the industry to exchange their ill-gotten wealth for fiat. In ranking the crypto businesses that most serviced crypto-related crimes, crypto exchanges made up the criminals’ favorite spot due to some providing money-laundering services or having lax customer-recognition programs.

Certain countries were ear-marked as likely destinations for illicit crypto funds. Russia saw many darknet funds coming in through illicit wallet addresses in 2020 through its Hydra darknet services.

The U.S, South Africa, China, United Kingdom, France, Vietnam also saw questionable funds flowing into their economies. China seems to have a dedicated ransomware attack firm called the Lazarus Group, which contributed a whopping 35% to the crimeware rise in 2020. 

The data presented by Chainalysis shows a lot of effort and government intervention in the crypto space is urgently needed. Financial regulators are also stepping up to the task with crypto exchanges mandated to institute a Know-Your-Customer (KYC) protocol as part of its customer onboarding program.

Lax compliance programs have seen exchanges have the United States Securities and Exchange Commission (SEC) knocking on their door, and Chainalysis believes in the end, criminals may end up leaving cryptocurrencies alone.

“In the long run, (compliance) efforts by exchanges will also remove some of the incentive to use cryptocurrency in criminal activity, as it will become much harder for cybercriminals to convert cryptocurrency into cash if they can’t use exchanges.”

Chainalysis has been at the fore-front of tracking criminal activities in the cryptocurrency space for some time now. In partnership with U.S authorities over the years, the crypto analytics firm has been able to bring cybercriminals to justice. The Department of Justice has repeatedly used its investigative tools to uncover criminal activities otherwise hidden from the public’s eyes.

Crypto exchanges like BitMEX have also partnered with Chainalysis to track and stop illicit transactions on their platform. This was in a bid to appeal to U.S authorities after the brainchild of the 100x Group was accused of aiding money laundering. The embattled exchange also made certain organizational restructuring and brought a new team to help out with its compliance programs.

Source: insidebitcoins.com

Author: FOLLOW ON


‘Fair Launch’ tokens outshine the average coin's performance

‘Fair Launch’ tokens outshine the average coin’s performance

So-called ‘Truthful Launch’ tokens are outperforming most tasks launched by way of centralized token distribution occasions, in response to crypto market information aggregator Messari, 

Messari defines Truthful Launch tokens as having a publicly introduced launch with none type of pre-mine. These embrace older prime 10 crypto belongings Bitcoin and Litecoin, newer DeFi tasks equivalent to Yearn.Finance and SushiSwap, and veteran 2013 altcoin Peercoin.

Truthful Launch tokens (no pre-mine, introduced publicly) outperforming.
Consists of $BTC, $SUSHI, $DOGE, $HNT, $SFI, $YFI, $FARM, $CVP

We now have pre-set screeners right here –> https://t.co/17N2KGDPRF pic.twitter.com/F4StV12N5Q

— Mira Christanto (@asiahodl) February 16, 2021

Truthful Launch tokens seem like outperforming the broader crypto markets by greater than double over the previous three months. 

The highest 1,026 crypto markets gained a median of 9.56% this previous week, in comparison with the 31.44% common acquire seen by Truthful Launch tasks over the identical interval.

Over the previous 30 days, Truthful Launch tokens are up 145.33% in comparison with the collective crypto common of 49.50%, whereas the final 90 days have seen Truthful Launch tasks acquire 296.46% in comparison with 112.41%.

Truthful Launch tokens are additionally outperforming the averages of Ethereum-based belongings, which gained 1.90%, 43.82%, and 248.45% over the previous seven, 30, and 90 days respectively.

The info reveals that each one however one of many prime 20 Truthful Launch tokens have posted positive factors this week, with solely DOGE sliding by 20%.

Nevertheless, DOGE is the top-performing Truthful Launch asset of each the previous 30 and 90 days, gaining 515% and 1,815% respectively after being pumped by the infamous subreddit r/Wallstreetbets on the finish of January.

After a vicious dump, DOGE once more rallied after its hypothetical CEO, Tesla chief government Elon Musk, tweeted in regards to the meme-coin in early February.

The efficiency of Truthful Launch tokens has additionally been bolstered by Bitcoin’s meteoric run into all-time highs since breaking above $20,000 for the primary time in December. The consolidation of the Yearn Finance ecosystem has additionally contributed to the robust performances from Yearn and SushiSwap just lately.

Source: topcryptonews.info


How has Blockchain Technology Influenced Online Trading? -

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