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BitFrontier Capital Holdings, Inc. (OTC: BFCH) Provides a Shareholder Update

Fredericksburg, VA, Sept. 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BitFrontier Capital Holdings, Inc. (OTC:BFCH) is excited to provide a shareholder update as the Company nears completion of its first Cryptomining facility. With the exterior shell of the Cryptomining facility already complete, the Company has been working on the interior of the first facility to begin mining as soon as possible. We are on track to be mining by the fourth quarter of 2019. All interior framing has now been completed with insulation and drywall commencing later this week. The Company has met with several electrical contractors and will be having the facility wired in the coming days to accommodate the miners that have already been ordered. Aside from the electrician wiring the first facility, the only remaining tasks to be completed before mining commences is the installation of the doors, intake fans, and exhaust fans, all of which are onsite. Construction has been progressing smoothly and the Company is very pleased with progress made thus far. Mining operations are right around the corner. Pictures will be posted to our Twitter account in the coming days. The Company would also like to recap on several major highlights from 2019:  1/31/19: The Company acquired all of the issued and outstanding shares in TelesisIT, LLC. TelesisIT produced annual revenue of $550,797.97 in 2016 and $542,181.11 in 2017 while producing a net profit annually.  3/29/19: The Company received ...Full story available on Benzinga.com
Benzinga

Fed Coin, NSA Coin, Binance US Launch, Paxos Gold & Gemini OTC

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The Modern Investor

Gemini Has Launched a New Service to Make OTC Trading Available for Everyone

Coinspeaker Gemini Has Launched a New Service to Make OTC Trading Available for EveryoneCryptocurrency exchange Gemini has come up with a new digital clearing and settlement solution. Named Gemini Clearing, the new service allows traders to negotiate off-exchange or over-the-counter (OTC) crypto trades using Gemini accounts..@Gemini is continuing to expand its institutional offering with Gemini Clearing™, a fully-electronic clearing and settlement solution for off-exchange or over-the-counter (OTC) crypto trades. https://t.co/iR7bP8qk2f— Tyler Winklevoss (@tylerwinklevoss) September 5, 2019According to the company’s blog post, off-exchange or OTC trades on the Gemini Clearing platform can be carried out both between two parties or through third-party brokers.Jeanine Hightower-Sellitto, Managing Director of Operations at Gemini, said:“Such trades can either be arranged bilaterally between two parties or brokered via a third party. Gemini Clearing provides regulated clearing and settlement services for such pre-arranged trades, which helps to ensure timely settlement and mitigate counterparty risk.”It is notable that Gemini does not have an OTC desk, but with the new product, it supports OTC desk trades. Among other benefits of Gemini Clearing are privacy (trade details are known only to the parties involved and are not published via Gemini’s market data feed), counterparty risk (transfer of funds between Gemini accounts takes place only after both parties of the trade are fully funded), and regulatory/compliance (as each party is subject to Gemini’s robust KYC and BSA/AML program).As the company has noted, the new service will be available to anyone, including both institutional and retail traders, which makes it different from other exchanges including Huobi and Coinbase that have launched their OTC services exclusively for professional and institutional clients.Gemini Pushes Further Adoption of Digital MoneyGemini is a licensed digital asset exchange and custodian built for both individuals and institutions and regulated by the New York State Department of Financial Services (NYSDFS). Founded in 2014 by Cameron and Tyler Winklevoss, Gemini operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore.In July this year, Gemini founders were considering joining the Libra Association, the consortium behind Facebook’s cryptocurrency project Libra. The news surprised the crypto community, as previously Winklevoss brothers had disagreements with Mark Zuckerberg about the idea behind Facebook.In August, Gemini announced its partnership with Silvergate Exchange Network (SEN), a USD payments platform. Within the agreement, SEN allowed Gemini’s institutional customers to deposit and withdraw U.S. Dollars from their accounts in real-time. With such an integration, the Gemini exchange can also establish counterplay relationships with other members on the network thereby making instantaneous transfers.Recently, Gemini welcomed a new member to its team. The company hired Noah Perlman, the former Global Head of Financial Crimes at Morgan Stanley, as its new Chief Compliance Officer.#TeamGemini Update – Noah Perlman will be joining us as Chief Compliance Officer!Compliance is one of Gemini’s four pillars and we are excited for Noah to continue to build on this tradition.Read more about Noah on our blog: https://t.co/Y6iANzERno— Gemini (@Gemini) September 4, 2019Moreover, the company has expanded to Australia and allowed its citizens download the Gemini Mobile App and use it to buy, sell, and store cryptocurrencies as are Bitcoin (BCH), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Zcash (ZEC). However, their own stable coin Gemini dollar (GUSD) will not be supported in Australia.The Gemini team believes that cryptocurrencies will definitely replace traditional money, changing the sphere of finance. And the company will do its best to facilitate this process of transfer from fiat to digital money and introduce benefits of blockchain to the entire world.Gemini Has Launched a New Service to Make OTC Trading Available for Everyone
Coinspeaker

Gemini launches settlement solution for OTC crypto trades

Gemini launches settlement solution for OTC crypto trades - CryptoNinjas Gemini, the New York registered bitcoin exchange company, today announced the launch of Gemini Clearing, a fully-electronic clearing and settlement solution for off-exchange or over-the-counter (OTC) crypto trades. Gemini Clearing allows trades that are negotiated off-exchange or OTC to settle between Gemini accounts. Such trades can be arranged bilaterally between two parties or brokered via […] Gemini launches settlement solution for OTC crypto trades - CryptoNinjas
CryptoNinjas
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OTC news by Finrazor

DIGEST

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos

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ESSENTIAL

OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news

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DIGEST

Warren Buffett invests $600M, Coinbase is worth $8B, StarkWare acquires $30M, USD issues over $125M in investments, NXMH obtains Bitstamp, Algorand receives $62M, Thailand alerts against investments in ICOs, Ripple confirms the institutional investments growing, Kevin O’Leary invests $100M, Nouvive provides an investment observation, OK Blockchain Capital conducts an Investment Sentiment Survey, Steve Wozniak discusses his BTC investment

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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
CoinGape

Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
Bitcoin Exchange Guide

Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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