TokenPayTokenPay TPAY* news

TokenPay is a decentralized and self-verifying payment platform.
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TokenPay Supported Price Through Market Makers: Is That A Problem?

Market making is part of life in the cryptocurrency sphere – but while traditional markets are able to protect investors through a ‘separation-of-powers’ rule, crypto markets have no clear guidelines that define and enforce restrictions on how market makers operate. Take the case of TokenPay, an ambitious blockchain project that aims to bring crypto into mainstream use among retailers. The project’s team has recently hit back at a website purporting to have identified a number of operational wrongdoings. The defense is lengthy and detailed. But they may have inadvertently exposed themselves to further questions, by revealing that they engaged the services of a market maker in a manner that might not find favor with regulators in the U.S., to take one jurisdiction as an example. TokenPay Rejects Accusations TokenPay released a Medium post outlining their defense to a number of allegations made on a website they do not name. It is fair to assume they are referring to tokenpayexposed.com. TokenPay Exposed has accused TokenPay of a number of questionable practices – from selling securities to Americans during their ICO, to not having a registered business during their ICO, and mismanaging money after the token raise. The accusations go on to include allegations that TokenPay uses Twitter to engage in pump and dump schemes as well as engaging in a range of dubious deals in relation to domains and spending TPAY tokens that were supposed to have remained locked. TokenPay emphatically rejected all the accusations and followed with detailed explanations in their responses to them. The purpose of this article is not to take sides in this debate, but to bring attention to a fairly unusual admission. Market Makers In Crypto The Blockchain Transparency Institute’s April 2019 report found that a staggering sixty percent “of all exchanges ranked on popular data sites have little to no volume and were found to be over 96% fake each.” The least affected major exchanges were Huobi, with 45 percent real volume, and Binance with 87 percent. Kraken was the cleanest, with virtually all volume found to be legitimate. TokenPay’s impassioned defense of the accusations leveled at it, which it argues are “false and defamatory” and were accompanied by an attempted extortion of “several hundred thousand dollars”, revealed that it created liquidity for the TPAY community in the wake of a domain deal that took place on the market by hiring the services of market makers: “We have since, at our own expense, added professional market makers and several new exchanges to the TPAY market. This has the effect of calming volatility.”TokenPay The company reiterated that later: “As mentioned previously, we are committed to enhancing liquidity and have engaged professional market makers to tighten the bid and ask spread of TPAY ahead of the imminent TokenPay Merchant Platform launch.”TokenPay The Role Of Market Makers Market makers play a legitimate role in most markets. But in regulated traditional markets, they are licensed and their activities are monitored. In the U.S., for example, market makers are only permitted to contract with exchanges. Pursuant to the Financial Industry Regulatory Authority (FINRA) Rule 5250, they cannot enter agreements with issuers and have not been able to since 1975: “(a) No member or person associated with a member shall accept any payment or other consideration, directly or indirectly, from an issuer of a security, or any affiliate or promoter thereof, for publishing a quotation, acting as market maker in a security, or submitting an application in connection therewith.”FINRA The purpose of the rule is self-evident. What kinds of incentives might a market maker have if the issuer is, for example, looking for a certain price for their security? Market makers are in a position to manipulate the market for less liquid or smaller cap securities, so they are not permitted any relationship whatsoever with issuers in regulated markets. Market makers work with exchanges to create liquidity, ensuring a buyer or seller of a security isn’t left with an illiquid asset they bought in good faith or left trying to get one that isn’t trading. Their job is to set fair prices by matching orders, providing liquidity when there otherwise isn’t any. As the BTI has found, crypto markets suffer from liquidity problems. Market makers have a useful role to play in the industry. And there are plenty of them around. Many are likely to offer liquidity only services, but it is well-known that many also offer services that help move a token’s prices. That could easily lead to manipulation. And that’s why it is a tightly regulated service in traditional markets, where they may only have a relationship with an exchange. Bleeding Edge Tech Needs A Steady Hand Crypto markets may represent the bleeding edge of a better future. But there are valuable lessons to be learned from how traditional markets have been regulated. Separating market makers from issuers is one of them, as it is a relationship that begs to be abused. Market makers are presently necessary for crypto markets because of the extremely low liquidity levels of many new tokens and on many smaller exchanges. Pragmatism and idealism are not bedfellows in this situation. The industry needs market makers. But hopefully, as liquidity enters the sector, token issuers find they are able to sever their relationships with them, allowing exchanges to employ their services instead. Only that way will the industry move ahead and mature.   The post TokenPay Supported Price Through Market Makers: Is That A Problem? appeared first on Crypto Briefing.
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TokenPay Sues Prominent Bitcoin Trader Tone Vays For Libel And Defamation

Bitcoin Enthusiast Tone Vays Is Sued For Libel And Defamation An important figure in the Bitcoin world, Tone Vays, has recently received a letter of cease and desist from a legal firm hired by TokenPay because of his “defamation attacks” against the company. The attacks cited in the order are from “defamatory attacks” that he […]
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CryptoScam #12 - Scam Token Lawyers & TokenPay $TPAY

http://understandingbtc.com/ by @ToneVays https://twitter.com/ToneVays Website: https://ToneVays.com Audio Podcast: https://itunes.apple.com/us/podcast/the-tone-vays-podcast/id1390209454?mt=2 Please Support via Affiliate Codes: Trading View: http://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=4905&url_id=3 TorGuard VPN 50% off code & link = tone50: https://torguard.net/aff.php?aff=3782 See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Useful Bitcoin Sites: Full Node Set Up: https://bitcoin.org/en/full-node Lightning Node Set Up: https://medium.com/lightning-power-users/windows-macos-lightning-network-284bd5034340 Mempool: https://dedi.jochen-hoenicke.de/queue/#1w Useful Charts: http://charts.woobull.com/ State Regulations: See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email Tone@protonmail.ch for additional info.
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Tokenpay Wants to Lure More Women to Crypto, with Heidi Klum’s Lingerie

As empty as the phrase may be, most people agree that we need more women in blockchain. “You can’t have a revolution and leave out half of the population,” insists Celsius Network’s Alex Mashinsky, also the inventor of VOIP. Yet, while most people look to education, user experience, the learning curve, or how to foster the female talent pipeline, Swiss payment app TokenPay believes it’s found the way to raise awareness in women. Why the move into lingerie? $NAKD management has expressed interest in exploring blockchain technology. It also operates iconic fashion brands w $100m in sales, mostly to women. The post Tokenpay Wants to Lure More Women to Crypto, with Heidi Klum’s Lingerie appeared first on CCN
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Derek Capo on TokenPay, Partnering with the Litecoin Foundation and Spearheading Crypto Adoption

Derek Capo is CEO of TokenPay, the company behind the TPAY blockchain. Capo and TokenPay have been gaining significant attention due to their partnership with the Litecoin Foundation. They notably transferred a stake that they bought in WEG Bank AG to the Foundation in exchange for technical and strategic assistance. Given the Foundation’s recent exciting announcements on improving the privacy and fungibility of Litecoin, Capo hopes that TokenPay can learn from these moves. Derek Capo kindly sat down with us to answer our questions ranging from the vision of TPAY, the relationship with the Foundation, TokenPay’s plans for boosting crypto adoption and the promising developments in regards to their eFin decentralized exchange. Aside from integration with the Lightning Network, what other technical and development areas do you hope the Litecoin Foundation can help TokenPay with? Our relationships with both the Litecoin Foundation and Charlie Lee has already proven invaluable to us. For one, it provides a lot of credibilities and shows that we’re dedicated and committed to following through and realizing our primary goal, which is to increase everyday mainstream adoption of crypto. The Litecoin Foundation is a marketing and technical partner that assists TokenPay. For example, the foundation provides direct insights regarding technical difficulties that we can avoid in our development, to trying out new technologies, sharing knowledge and facilitating direct contact with developers. We are currently collaborating on and discussing confidential transactions, fungible coins and exchanging information regarding our future blockchain upgrades. In light of the Litecoin development team’s plans for improving the fungibility and privacy of Litecoin, is TokenPay looking to integrate similar upgrades? Yes, we are. The Litecoin Foundation’s recent announcements related to Mimblewimble is something that also raises our interest. We are both learning more about the advantages, limitations and possibilities this technology can bring, especially with confidential transactions and fungible coins. When TPAY was initially released in 2018, it incorporated the latest in privacy-focused technological advancements. It still boasts incredible 2-second transaction times and is currently being updated to a new codebase. Privacy is our primary focus on TPAY. The upcoming EFIN coin takes it a step further by adding in a bridge functionality that will eventually let users instantly trade coins cross-chain via Atomic Swaps. Specifically what kind of zero-knowledge proof setup does TokenPay utilize? ZKPs are used in TokenPay’s privacy-focused stealth addresses feature. Essentially, with the DKSAP (Dual-Key Stealth Address Protocol) that we use for sending anonymous transactions, the blockchain guarantees that transactions are valid; although, information about the sender, the recipient or their history remains hidden, hence the zero-knowledge proof. Do you see TokenPay as competition to Litecoin as a crypto asset focused on payments, and if so, how are you avoiding any consequential conflicts of interest in your partnership? Litecoin and TokenPay have different angles to solve the same problem – adoption. While we are building an ecosystem, which provides a gateway for merchant and users to enter the crypto market, Litecoin focuses on being complementary to Bitcoin and integrated into the blockchain ecosystems. Our focus is more on consumer-facing products, and this is the reason why we find ourselves in a partnership in which we share learnings, vision as well as trying to solve adoption and reduce the complexities of the current technology. When do you think we could see debit and/or credit cards powered by WEG Bank for Litecoin? The CEO of WEG bank is able to provide a more accurate timeline. However, the last estimate he gave us was late 2019 or 2020. There is a lot of work that needs to be done to make this solution sustainable. Could you describe the exact arrangement between TokenPay, TokenSuisse and the eFin decentralized exchange? TokenPay is a decentralized self-verifying merchant payment platform that works on the TPAY blockchain. TokenSuisse is a digital assets manager that primarily caters to institutions, and also provides a crypto-to-fiat exchange solution. eFIN is a decentralized cross-chain DEX that enables users to trade cryptos safely and securely because users maintain custody of both their private keys and coins. These three work together symbiotically to provide an end-to-end solution for merchants, institutions and users alike to be able to transact in crypto and purchase related financial products. TokenPay directly benefits from our partnership with TokenSuisse because by introducing crypto-based financial products to institutions and retail investors, this helps to further the adoption of TokenPay. An example of this is the Privacy Coins Certificate and TPAY Tracker Certificate that TokenSuisse offers, both of which hold TPAY. When an institution or investor diversifies their portfolio and invests in either of these certificates, TokenSuisse has to buy TPAY on the open market. This provides additional liquidity and trading volume that users and merchants need to see. In addition, after the TokenPay Merchant Platform launches, TokenSuisse will be able to provide a crypto-to-fiat exchange solution that merchants require. Lastly, TokenPay owns the eFIN DEX. Custody and security of one’s digital assets are critical concerns for the blockchain community, even more so with financial institutions and retail investors. The DEX lets you trade securely and confidently, knowing that your transactions are completely protected. You hold your keys, you hold your coins. The entire TokenPay ecosystem is an interconnected network that relies upon each other. For example, the EFIN coin is exclusively paired with the TPAY coin on the DEX, which further adds more trading volume and liquidity. The interface of the eFin DEX Specifically, what is unique about the eFin DEX versus other DEXs that are currently live? eFIN is a true decentralized cross-chain DEX. It doesn’t really have any competition. Most existing DEXs exist in-name-only. They essentially function on an IOU basis, or they’re limited to single-chain trades. eFIN DEX technology allows users to maintain control over their private keys and coins. Users never have to trust a third party or move digitals assets from their wallets to centralized exchange wallets (and hoping that their security is adequate; something that we unfortunately know isn’t the case, as evidenced by the billions of dollars worth of crypto that has been hacked and stolen). This way, you’re always in control of your keys and your coins. We believe this kind of peer to peer trading represents the future and is a technological vision of what the blockchain and the current market can offer in terms of security and possibilities. Future implementations such as Atomic Swaps and the Lightning Network integration will bring even more unique characteristics to our DEX. With eFIN, our vision is to always stay at the edge of technology, learn about them, see what user issues they solve, test and integrate them in our product. Aside from debit/credit cards and merchant processing, what other FinTech products do you hope to bring to market in the next 12 months? We are currently working on several products that are part of the TokenPay ecosystem. The Merchant Payment Platform is 90 percent completed, and it ties into the multi-currency wallet that we’re working on that will eventually integrate with the bank. You’ll see an updated UX design for the blockchain explorer, as well. Something that we’ve recently announced is BLAST, which is an IEO Launchpad platform that will be released soon. IEOs (Initial Exchange Offerings) are the hottest thing in blockchain right now, and we saw this coming nearly a year ago. With BLAST, companies can launch their own blockchain project, connect it with eFIN and generate funds in TPAY. The post Derek Capo on TokenPay, Partnering with the Litecoin Foundation and Spearheading Crypto Adoption appeared first on CoinCentral.
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Twitter Spoof: BitConnect 2.0 to Return in July; BCC Token to Rise from the Crypto Graveyard?

Bitcoinnect is known for its high yield investment platform Bitconnect.co. The company had a cryptocurrency Bitconnect Coin (BCC) which investors bought with Bitcoin to gain a 0,25% daily interest. The company also has a lending platform and exchange which closed due to warnings from Texas and North Carolina authorities. Some unknown person is however working […]
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MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-baseddecentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to […] Cet article MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% est apparu en premier sur Bitcoin Central.
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Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than the most have predicted from its historic prices. However, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus apparently spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted, “BTC on the move again… Asian market certainly doing their bit today.” This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction. BTC/USD 1-Day Chart on Bitstamp (TradingView) The other four performing coins Opening Price: $6968 Closing Price: $8109 The weekly gains: 11% Weekly High/Low: $8390/$6178 Binance [BNB] Coin Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain. BNB/USD 1-Day Chart on TradingView Opening Price: $20 Closing Price: $29.5 The weekly gains: 40.6% Weekly High/Low: $32.2/$19.9 Stellar [XLM] Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC. XLM/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $0.10 Closing Price: $0.14 The weekly gains: 46% Weekly High/Low: $0.16/$0.117 Ethereum [ETH] Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets. Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run ETH/USD 1-Day Chat on Coinbase (TradingView) Opening Price: $188 Closing Price: $259 The weekly gains: 38% Weekly High/Low: $281/$185 Tezos [XTZ] Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform. It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2. XTZ/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $1 Closing Price: $194 The weekly gains: 25.4% Weekly High/Low: $207/$157   XRP, Dash, IOTA, and Cosmos [ATOM] The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains. The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale. XRP/USD 1-Day Chart on Bitstamp (TradingView) *The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation. **The data is taken at around 11: 00 Hours UTC on 19th May 2019.  The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
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