Blockport BPS STO news

Blockport is an Amsterdam-based, fiat-to-cryptocurrency trading platform that strongly focuses on usability and social trading features to provide a secure, efficient and enjoyable experience to its users. On the 15th of April 2019, Blockport is launching a Security Token Offering (STO) to raise capital that will fuel the platform’s growth and international expansion.
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Blockport Partners with Tokeny on STO

The hybrid decentralized exchange Blockport announced the official start of its highly anticipated STO. According to a recent press release, Blockport will commence the first stage of its STO on April 5th.  The firm seeks to raise €5 million in funding from both US and European investors. If successful, Blockport will continue their fundraising campaign across three stages. These stages will range from private, to public STOs. The firm has set a total goal of €30 million for the campaign. Investors from both the US and the EU can invest in the STO with one exception. Only accredited US-investors may participate in the event. Blockport Securities Blockport investors will receive security tokens called Blockport Securities. These tokens are fully compliant and directly linked to company shares. Consequently, token holders receive economic rights and dividends from their investment. These tokens remain fully compliant throughout its life cycle. Consequently, Blockport Securities tokens cannot be transferred without first meeting the current securities regulatory requirements. Tokeny Blockport partnered with the token launch platform Tokeny to ensure token compliant. Tokeny will issue these security tokens using its native T-REX standard. T-REX tokens are similar to ERC-20 tokens but with additional regulatory requirements integrated directly into the tokens protocol. Tokeny via Homepage 2 T-REX The T-REX token standard entered the market in December 2017. T-REX tokens utilize a specific set of optimized tools to allow for the interoperable, frictionless and compliant transfer of tokenized securities. Speaking on the decision to utilize Tokeny, Blockport’s CEO, Kai Bennink explained why Tokeny was the perfect fit. Bennink pointed out Tokeny’s proven record of success in the market. He took a moment to praise the platform. During his interview, he called Tokeny a “renowned institution.” He described how Tokeny’s network and experience made the firm an easy choice. Now, Tokeny will oversee the entire Blockport STO utilizing a combination of systems including: Identity Management Validation Certificates Transfer Management Tokeny’s CEO, Luc Falempin, also spoke on the strategic partnership. He described how the new venture expands Tokeny’s reach further into the European market. Notably, he took a moment to explain why tokenized securities are better than their traditional counterparts. Falempin highlighted how tokenized securities offer more private opportunities to a wider pool of investors Blockport The Blockport exchange is licensed and regulated out of Amsterdam. This exchange allows European investors to purchase cryptocurrency directly using euros. The platform is available in both desktop and mobile versions. Blockport users are privy to a number of unique features including auto-pilot. In the auto-pilot mode, your account follows the professional investor of your choosing. Here, new investors can gain insight and profits as they learn how to further their trading strategies. A Pro-Crypto EU As one of the first, and only, fully-licensed EU crypto exchanges to offer fiat-to-crypto services, Blockport holds an important position in the market. Company officials now seek to expand the platform to better serve the growing number of European crypto investors emerging in the market. You can expect to see big things from this development team as the year progresses. The post Blockport Partners with Tokeny on STO appeared first on .
Securities.io

Blockport Launches First Security Token Offering Targeting Retail Investors in Europe

Coinspeaker Blockport Launches First Security Token Offering Targeting Retail Investors in EuropeThe first round will take place on 15 April and they are aiming to raise EUR 5M from investors in Europe and the United States. The round is part of Blockport’s wider strategy to raise between EUR 15M and EUR 30M in multiple stages. The security token, Blockport Securities (BPS), represents a depositary receipt or certificate for a corresponding share and entitles holders to applicable dividends payments. It is the first compliant STO targeting retail investors in Europe. The tokens will be issued using Tokeny’s T-REX (Token for Regulated Exchanges) standard.Kai Bennink, Blockport Founder & Chief Strategy, talked about issuing the security with Tokeny,“We’re working with Tokeny since they’re one of the leading issuance platforms in the industry and one of the few that have helped multiple companies successfully issue security tokens. Besides the technical side, Tokeny has a strong partner network and they can connect us with all the necessary parties needed to issue a complaint STO.”Tokeny CEO, Luc Falempin commented,“One of the key benefits of tokenized securities is that when compared to traditional methods, they bring private opportunities to a significantly wider pool of investors. The Blockport offering is truly cross-jurisdictional, and will allow retail and qualified investors from the European Economic Area and accredited investors from the United States to participate. This opens up the opportunity for Blockport to access new investors and the potential for a worldwide investor base.”Blockport will issue their token in the United States under Rule 506(c) under Regulation D of the United States Securities Act of 1933 to accredited investors and a separate offering to investors in Europe and other participating countries. The STO symbolises Blockport’s ambitions to expand into the United States and further solidify its position in Europe.More information on the STO can be found by following this link:https://blockport.io/stoAbout TokenyThe Luxembourg based fintech company is the market-leader in delivering an institutional grade, secure end-to-end platform, allowing for the issuance and servicing management of digital assets.Tokeny utilizes the T-REX (Token for Regulated EXchanges) infrastructure to ensure compliance from the issuance of tokenized securities to their lifecycle management. Tokeny provides technical solutions to onboard investors, manage corporate actions such as dividends, voting, and announcements. Their solutions ensure continuity with regards to KYC and AML compliance checks, ensuring all participants are eligible for the investment.Tokeny’s solution leverages blockchain technology and couples it with decades of experience from the traditional securities world. Tokeny utilizes this background to make the participation of any contributor in a security token offering transparent, accessible, and completely secure.About BlockportBlockport is launching its first equity-based fundraising round through a Security Token Offering (STO), launching on the 15 of April 2019.Blockport is an Amsterdam-based, fiat-to-cryptocurrency trading platform that strongly focuses on usability and social trading features to provide a secure, efficient and enjoyable experience to its users.The Blockport platform is connected to external exchanges and aggregates liquidity through its smart-order-routing system to automatically offer the best prices to its users. In the coming year, Blockport is building on a hybrid-decentralized architecture that allows users to trade with high performance, whilst safely storing their funds on a blockchain wallet, meaning they own their private keysBlockport Launches First Security Token Offering Targeting Retail Investors in Europe
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Interview With Crypto Exchange Blockport About Their Business And STO

Blockport is the first social cryptocurrency exchange, bridging the traditional world of finance with the new digital economy The article Interview With Crypto Exchange Blockport About Their Business And STO was first published on Security Token Network.
Security Token Network

A Q&A with Blockport – The Crypto Exchange Running An STO

Blockport is an easy to use crypto exchange and eduction platform. The team are running an STO and we find out more. The article A Q&A with Blockport – The Crypto Exchange Running An STO was first published on Security Token Network.
Security Token Network

Blockport Announces Support for TrueUSD

Lowering the BarrierStablecoins have a broad appeal, as they allow for investors to escape market volatility, without cashing out their holdings to FIAT. Recognizing this appeal, Blockport has just announced a new partnership formed with TrustToken, and their stablecoins – TrueUSD.This partnership will see the ERC-20 based stablecoin supported on the BlockPort platform. It will act as a base trading pair, allowing for platform users to trade seamlessly between the stablecoin and other supported assets.With the company’s upcoming STO, they have also announced that their very own digital security will be the first token to support trading with TUSD upon launch. In addition to supporting TUSD as a base trading pair, this partnership also opens the door for Blockport to support eventual U.S deposits on the Blockport platform.By establishing support for TUSD, Blockport has just become a much more flexible platform, offering a lower barrier to entry, and an enticing suite of offered assets.StableCoins and SecuritiesBoth digital securities and stablecoins have been identified by various industry pundits as some of the biggest trends to follow in 2019 and beyond. While 2019 has only just started, these views seem to be spot-on, as various STOs have begun turning to stablecoin use.TUSDTrueUSD, or TUSD, is a stablecoin based off of the ERC-20 protocol. This stablecoin was released, and is managed by, TrustToken. This token, as its name would imply, is backed/pinned to the U.S Dollar. This means that that token mimics the activity of the world’s preeminent FIAT currency. In doing so, the asset functions with minimal volatility in comparison to most assets.CommentaryIn their press release, representatives from both Blockport and TrustToken took the time to discuss the partnership discussed here today.Sebastiaan Lichter, CPO of Blockport, stated,“Global metrics show that USD trading pairs have the highest trading volumes, and are the most used currency for trading Bitcoins…This is a huge step toward bringing Blockport to the US Market and the markets of over 150 other countries and jurisdictions worldwide.”Tory Reiss, Head of Partnerships and Business Development at TrustToken, stated,“Blockport and TrustToken have both set out to build solutions that seamlessly bridge the traditional world of finance with the new digital economy…We are excited to be working with Blockport to greatly advance this mission and bring the benefits of tokenized currencies to more people around the world.”BlockportBlockport is Dutch company launched in 2017 out of Amsterdam. Above all, Blockport strives to deliver a comprehensive trading platform to the industry. Their approach will see the company utilize both utility and security tokens to achieve their goals.The upcoming Blockport STO is scheduled to launch March 31st, 2019. To learn more about this event, check out the Blockport website HERE.In Other NewsIn anticipation of their upcoming security token offering, we were recently able to interview Blockport founder, Sebastiaan Lichter. Check out the articles below to learn more about this up-and-coming company, in addition to stablecoins and the future role they may play in the industry.Interview Series – Sebastiaan LichterCircle Identifies Stablecoins and Digital Securities as Emerging TrendsThe post Blockport Announces Support for TrueUSD appeared first on Securities.io.
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The second ICO as a Last Resort? Or Just Another Fundraising Round?

The original purpose of Initial Coin Offerings (ICOs) was to take away the monopoly of fundraising from stock exchanges and brokerage firms. It is ‘relatively easy’ to set up an ICO funding round, as there is no extensive regulatory framework to abide by as opposed to launching an Initial Public Offering (IPO). ICOs often include individual investors as well as larger institutional investors.In the past, companies have emerged that pretended a blockchain-use-case in order to be able to justify the launch an ICO or financially gain by blockchain-association. ICO investors take on high-risks when investing in ICOs and they are sometimes left emptyhanded because of scam-ICOs, the inability to provide a working product or by mismanaging ICO funds.Lately, we see projects emerge that are conducting a second ICO (or STO). Investing in an ICO is highly speculative, especially in a bear market. ICO investors usually do not have (m)any rights in getting the project accountable for their actions.Recently, I received a message on LinkedIn, from a member of the Blockport team. Blockport is initiating a second ICO in the form of a Security Token Offering (STO) for a new security token, called BPS. Raising money in an STO and offering investors shares and profit sharing seems like a good thing to me, at least better than buying a token based on potential future utility, without any further rights whatsoever.What strikes me about this ‘second ICO’ is the fact that not that long ago (January 2018), Blockport launched their first ICO, in which they raised $15 million. Were these ICO investors just an easy way to generate capital, to get the project started? Or is this strategy comparable to the traditional system, where multiple funding rounds are not unusual?I have asked Blockport some questions on LinkedIn addressing my concerns, but I have not received a response yet.Blockport isn’t the only one adopting this approach. Over the previous months, we saw DeepBrainChain, Polkadot and Substratum, among others, stating they were initiating a second ICO/STO.Blockchain-based POS payment solution provider, Pundi X, initiated a vote in which community members could state whether or not the company should initiate an ICO for their new blockchain smartphone project Function X. Over 90% of the voters were against the idea of launching a ‘second’ ICO. The Pundi X team listened to the community and decided not to launch an ICO for Function X.This article intends to elaborate on blockchain-based projects that announced the launch of a second ICO.BlockportBlockport aims to create a social digital asset exchange based on a hybrid-decentralized architecture. In January of 2018, they raised the equivalent of $15 million in ETH tokens via an ICO in which they issued their utility token BPT. BPT can be used to pay for transaction fees (with a discount) on the platform, you can pay BPT to follow someone’s trading portfolio and members can earn BPT, when someone follows their trading portfolio.Recently, Blockport announced the launch of an STO, in which they intend to sell Blockport Securities (BPS). BPS token holders are given the right to receive dividends.Blockport states to be fully compliant, only not in The Netherlands, the country where the company is based. Blockport chose STO launchpad Tokeny in Luxembourg to initiate their STO.While this new STO is different in terms than their first ICO, it makes me wonder why they decided to initiate a new funding round this quickly after just having completed the previous funding round a little over a year ago. How long of a runway does the project have left? According to the website, Blockport employs 30 people and they are based in an expensive city (Amsterdam), I would assume they have a high burn rate. Did they convert their ETH raised during the ICO for fiat currency, right away?PolkadotPolkadot aims to create a multi-chain network fueled by blockchain technology. In their ICO, back in November of 2017, they raised $145 million, of which $98 million worth in Ethereum (ETH) funds are permanently locked due to a Parity wallet bug. Initially, the team stated they would still finish the project without the need for the lost funds.According to the risk factors in their FAQ section on the website, it clearly states that ICO investors should calculate a risk that they lose their ICO investment. If the Genesis block will not be deployed, participants may lose their investment. Also, investors need to understand that the Web3 Foundation, might need a lot more funds to further develop and launch their project. If those funds will not be raised, investors cannot ask for a refund and they may lose their investment.Polkadot is planning another fundraising round, according to a source close to CoinDesk. The Polkadot network is projected to launch in Q3 of 2019.SubstratumSubstratum aims to disrupt the centralized and controlled internet by creating a foundation for a decentralized web. According to data provided by Icodrops.com they raised almost $14 million in their ICO conducted in September of 2017. In 2018 they announced their second ICO for a decentralized exchange project called Amplify (AMPX). Initially, they received $1 million for R&D. On the 1st of October 2018, the ICO started.According to Substratum CEO Justin Tabb, Amplify is not a second ICO held by Substratum, but a stand-alone company. If that’s the case, then why does the Amplify website state conflicting information. For instance, Amplify employs the same people as Substratum. It is part of the Substratum project and it will be used within the Substratum ecosystem.After listening to the Substratum community concerns on conducting an ICO for Amplify, the team decided to cancel the public sale and refund ICO participants. The private sale funds will be used to develop the decentralized exchange, that is projected to be launched somewhere in 2019.DeepBrainChainDeepBrainChain’s founders launched a new ICO and they refer to it as a separate project. DeepToken aimed to raise $5 million for 10% of the tokens.Not much information, about the actual ICO, has been made public, but the beta version of the exchange they wanted to launch is still a beta version (since September 2018) with no actual trading taking place. The interface looks exactly like the interface of Huobi, because they use Huobi Cloud services. This way they do not have to build their own asset exchange, but they can use an already existing interface. The userbase is kept separate according to the Huobi Cloud website.The token distribution of DeepToken (DPT) is postponed from before the end of 2018, to just after NYE, to who knows when. There are no details about the amount of money raised in the DPT token sale.COSS.ioDigital asset exchange, COSS.io launched their first ICO in which they sold COSS Tokens. COSS tokens will generate revenue based on trading fees on the digital asset exchange platform. The ICO raised the equivalent of $3 million dollars.Recently, COSS announced issuing a new token, called CFT. It is the COSS FEE token and it can be used exclusively on COSS.io for paying the exchange trading fees. COSS initiated a second ICO for these CFT tokens.According to their Reddit Q & A about the launch of CFT, the team stated they did not initiate the second ICO, because they ran out of money.ConclusionAs I see it, projects that were able to conduct an ICO during the ICO gold rush should be very lucky, a lot of successful projects needed to start with fewer funds. After raising millions in an ICO, based solely on a whitepaper, the best way to move forward is to start building a product. In my opinion, you should not be thinking about initiating another funding round unless you need additional funding to continue building your product.Initiating a second ICO also doesn’t bode well with a project’s supporters and investors, research shows.If the bear market has told us one thing, it is that projects should work harder, and spend less money on immaterial things. They should continue to build if they believe in blockchain technology and they want to help the industry grow towards a mature market.During 2019, and continuing into 2020, I believe we will see a lot of blockchain projects that will not make it because they ran out of funds.Aion announced near the end of 2018, they have around 18 months of runway left. One of the main Ethereum Classic development teams, announced they are shutting down, because of insufficient funds. Decentralized content platform Steem, announced late last year, they are letting go 70% of its staff to cut expenses in an effort to survive crypto winter.Making these difficult decisions and letting people go, isn’t necessarily a bad thing. Shifting or anticipating in advance can also be a very strong move in an attempt to stay afloat.Solid projects, with an innovative and achievable business idea, responsible financial management, a professional team of motivated developers have the best chances of survival.What is your opinion, do you think these project’s conducting a second ICO are doing it for the right reasons, or are they looking for alternative ways to get funding for their initial project?Disclaimer: This article is not intended as investment advice. You should always do your own research. I am not being rewarded for writing this article. All the information provided in this article is based on my own personal opinion. During these challenging market conditions, I strongly urge everyone to thoroughly research projects to potentially invest in. If you do decide you want to invest, only invest money you can afford to lose.If you like my content about blockchain and cryptocurrencies, you can give me a follow. I also have an account on Steemit and Twitter. You are welcome to follow me there as well. On my LinkedIn page you will find a bit more personal information. You can ask me questions on Telegram: @LindaCrypto.I hope you have enjoyed this article, and please comment in the allocated section below if you have any further questions.Thank you!Linda WillemseThe second ICO as a Last Resort? Or Just Another Fundraising Round? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Blockport Social Crypto Trading Platform Aims to Raise 15 Million EUR with Its BPS Security Token (STO)

Blockport is issuing a security token offering (STO) to raise capital for company expansion and further development of their platform. The STO is set to start next month, March 2019 and is set to raise 15 million EUR for the blockchain company. The company will issue the participants in the STO a certificate or depositary receipt of the Blockport Securities (BPS). This certificate represents a share of the company and offers the holder ownership of the company. The benefits extend to dividends that will be paid out to investors once announced by the board of directors of Blockport. While the social crypto trading firm shares offer muli benefits to the investors, it will not include voting rights as the management and corporate strategy is left to the intermediary issuing BPS. Speaking on the announcement, the founder and chief strategist at Blockport, Kai Bennink said the STO will allow investors to gain profits from the company’s growth in both a transparent and standardized method. He further commented, “As a company operating in the blockchain industry, we are very excited to be one of the first exchanges in Europe to be launching a security token offering.” The Blockport Security Token Offering The STO is set to be offered on the Tokeny security issuance platform and will begin in March with the company expecting a total of 5 million EUR during the sale. The STO will first be offered to accredited U.S customers and further extended to other investors in Europe and other crypto friendly jurisdictions. Once the first round is concluded successfully, Blockport will start planning for the second rise in June. The second round is expected to complete the 15 million EUR target for the company. One further round will be raised by Blockport in effect to their total growth during the year. The total amount expected to be raised by the end of the STO capital raises is 30 million EUR. The STO is playing within the laws as the will offer accredited U.S investors under Rule 506 (©) under Regulation D under the Securities Act of 1933 and Regulation S under the Securities Act to participants in Europe and other countries. The STO is set to increase the investors’ interest in Blockport as well as offering them a chance to indirectly own part of the company. Blockport on its part will be able to pursue its goals to completion while expanding its operations in the U.S and Europe. Notwithstanding, the company aims at obtaining the licensing to open up fiat-crypto banking services.
Bitcoin Exchange Guide

Blockport Plans for Expansion – Announces Security Token Offering

Announces STOJust today, blockchain based crypto exchange, Blockport, has announced their intention to host an upcoming security token offering.This offering is expected to take place beginning in March, and to be held on the Tokeny platform. The team’s goal is to raise a minimum of $30 million EUR. This endeavour will take place in multiple stages, with the first stage expected to bring in the first $5 of a desired $30 million EUR.Plans for the funds involve the continued growth of the company. More specifically, the team at Blockport wants to expand into the United States and beyond. In addition, the company indicates that they intend on applying for the appropriate licencing to allow fiat-crypto services.BlockportBlockport maintains headquarters in Amsterdam. The company was founded in 2017 by a trio of forward thinking individuals.Sebastiaan Lichter – Founder & Chief of ProductKai Bennink – Founder & Chief of StrategyZowie Langdon – Founder & Chief of TechnologyToday, Blockport strives to deliver the most comprehensive crypto trading platform for beginners and pros alike. Their unique approach includes features such as copy-trading, and more.It should be noted that Blockport previously hosted a successful ICO as well. Those tokens, known as Blockport Token (BPT), should not be confused with the upcoming sale of digital securities. While the BPT is key to the day-to-day community utilizing the platform, they do not represent equity within Blockport. The to-be-released digital securities, however, known as Blockport Securities (BPS), will be sold under Regulation D, and represent equity shares in the company.CommentarySebastiaan Lichter took the time to speak with us here at Securities.io regarding the upcoming STO. The following is what he had to say.Why was Tokeny chosen to host the upcoming STO?“We’re working with Tokeny since they’re one of the leading issuance platforms in the industry, and one of the few that have helped multiple companies successfully issue security tokens. Besides the technical side, Tokeny is a strong partner on legal and provides us with the right knowledge to offer our STO in multiple jurisdictions.” Sebastiaan Lichter added, “Additionally, we see Tokeny as a trustworthy partner who is a member of ABBL (The Luxembourg Bankers’ Association), EU Blockchain observatory forum, EEA (Enterprise Ethereum Alliance) and the Bitcoin Foundation. Their platform has facilitated over 18 token sales across five continents, and has been used by more than 50000 investors.”Why has Blockport chosen to raise funds through an STO, rather than more conventional means?“In line with the growing trend towards digital marketplaces, we’ll be tokenizing a portion of our company’s shares – granting the public an opportunity to become shareholders of the Blockport company through a STO. Tokenization allows for easier access but above all, it makes it easier for investors to buy, sell or trade them in a later stage. Furthermore, security tokens provide liquidity to investors, access to compliance features to issuers, and a framework for oversight to regulators.” Lichter finished by stating, “Blockport has always been a crowd and community-focused platform, and we’re now applying the latest in technology to issue shares in a way that lowers barriers to entry. This strategy of tokenization allows us to distribute ownership of Blockport amongst the stakeholders in our ecosystem that share our vision – also helping us to better match the demand we’ve received for a profit share model in the Blockport ecosystem.”TokenyTokeny maintains headquarters in Luxembourg. The company was founded in 2017, and identifies within the FinTech sector. Above all, Tokeny is working to develop and offer a comprehensive platform to facilitate companies in the process of tokenization.In Other NewsTokeny has become a popular company in our news feed. In recent months, we have detailed their developments numerous times. With Blockport hosting an upcoming STO, there is no doubt that they will be repeat visitors in our headlines as well. Here is a looks at a few of the articles we have written on developments pertaining to Tokeny:Tokeny releases TREX – A Public Framework for Security TokensIssuance and Tokeny partner with an eye on interconnectivityTokeny Partners with BlocktradeThe post Blockport Plans for Expansion – Announces Security Token Offering appeared first on Securities.io.
Securities.io

Blockport plans token sale to fund expansion of its social trading crypto platform

CryptoNinjas Blockport, a social crypto trading platform, today announced that it plans to launch a multi-stage security token offering (STO) starting in March 2019. The company’s goal for the token offering is to raise at least 15 million... Blockport plans token sale to fund expansion of its social trading crypto platform
CryptoNinjas

Taking a Look at Top Altcoin Cryptocurrency Headlines for TRON, XRP & IOTA This Week

This week has been a disaster for crypto markets and investors in the crypto space are disheartened. This fall comes as a surprise to most people as the markets were stable for at least a couple of months prior. Even though a vast majority of cryptos took a harsh beating, some like TRON, XRP and IOTA held their own. TRON TRON is always in the news cycle for increasing their use cases. This week was no exception. The TRON Project was listed on two more exchanges; namely Blockport and Scatter. We’re excited to announce the listing of @Tronfoundation on our trading platform! Blockport users can now buy and sell Tron’s token, $TRX, directly through our Euro gateway. Learn more about #TRON and its listing here:https://t.co/V20wzFKgJX#BPT #tronfoundation #TRX — Blockport Official (@blockportio) November 8, 2018 #TRX is now supported by @Get_Scatter, a secure multi-blockchain signature, identity and reputation desktop application. #TRON $TRX pic.twitter.com/xjSkpa0BRs — Justin Sun (@justinsuntron) November 13, 2018 They even made headlines for NEOWorld. “Players will earn NASH by taking part in projects which require collaborative work such as helping build up a theatre where actors can perform or other services within a building that has already completed. Players can also buy NASH from crypto exchanges or from other players. Then you will be able to use NASH to buy more land or improve the land that the players are the owner of.” Additionally, Tron has already surpassed Ethereum in terms of network decentralized application volume. XRP XRP has had a huge week. They not only surpassed Ethereum to become the second biggest crypto by market size, but they also have more than $3.5 billion lead over it. Another big news for XRP this week was when CIMB Group, the fifth-biggest bank of Southeast Asia confirmed a partnership with Ripple. They stated: “Ripple’s blockchain-based solution has been deployed to enhance CIMB’s proprietary remittance product called SpeedSend. This service allows customers to send and receive money with direct account crediting and instant cash collection. The enhancement improves their access to cross-border remittances across the globe — both inbound into ASEAN and outbound to other countries. It is already enabling remittances to corridors such as Australia, USA, UK and Hong Kong. This innovative blockchain solution will revolutionize international cross-border remittances, and is a testament to CIMB’s ongoing efforts to enhance its digital banking proposition by providing speedy and cost-efficient solutions to our customers across ASEAN.” IOTA IOTA is the biggest Internet of Things project in the crypto ecosystem and they got even bigger with their partnership with Bosch. The companies will work together to integrate blockchain technology with physically manufactured hardware. “The use of the innovative IOTA Tangle technology results in higher scalability and becomes faster and even more secure the more activity there is. It is, therefore, a serious transaction settlement and data transfer layer for the Internet of Things. Connected devices & data drive the future of our world. A very promising development in this area is taking place right now!” Earlier they had partnered with Volkswagen too.
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BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
Ethereum World News

USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. Disclosure: This is a sponsored press release. The post USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on NullTX.
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