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Security Token Offering. A type of fundraising via distributing tokens that act like equities and securities.

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BlockState Gains Clarity on STO Taxation Within Switzerland

No Tax. No Vat. BlockState, a Swiss digital securities issuance platform, has recently closed their very own STO. Upon doing so, multiple questions were raised with regard to how capital, brought in during this event, would be taxed. The STO hosted by BlockState represented the first of its kind in the region, making the young company a trailblazer within the digital securities sector. As stated by BlockState, confusion remains on the taxation of capital raised through STOs…until now. Clarity In an effort to gain clarity on the situation, and set a precedent moving forward, BlockState turned to PST Legal. This law firm was tasked with gaining clarity from Swiss regulators. Their efforts were successful, with recent rulings being doled out. It was ruled that capital raised through such means would NOT be subjected to either profit tax, nor value-added-tax (VAT). Rather, much like traditional capital raises, funds garnered through STOs structured in such as manner would only be subjected to ‘security issue tax’. By achieving this, BlockState has not only made their own path easier moving forward, but for others as well. This ruling provides future STOs with precedent and clarity on how their actions will be received by regulators. Commentary In their release, BlockState comments on the development. They state that it was concluded that the, “…issuance and the profit on the sale of own shares through a security token offering in this specific case does not trigger profit tax and added-value tax, but security issue tax. This is a unique tax clarification for the BlockState’s security token offering model and marks the first time that a Swiss tax authority has issued a ruling on the tax classification of an equity STO.” With this development, BlockState commented on what it means to them. It was stated, “We are excited to be part of the progress in this space, not only developing leading technology and legal frameworks, but being able to play an active role in the regulatory conversation around security tokenisation.” BlockState BlockState is a Switzerland based company, which was founded in 2018. Above all, Blockstate acts as an issuance platform for companies looking to tokenize assets. The company operates with a mission of unlocking trapped wealth, through the use of blockchain technologies. CEO, Paul Claudius, currently oversees company operations. Zug, Switzerland With their progressive approach to blockchain, and companies taking part within the industry, Switzerland is fast becoming a hub for the technology. This has led to the town of Zug being dubbed ‘Crypto Valley’. Companies involved with blockchain have been drawn to the area, as the Swiss government has taken the initiative to provide clarity on law and regulations governing the sector. Being afforded this clarity allows for these companies to operate efficiently, and without fear of repercussions for actions taken. In Other News In months past, we have detailed development pertaining to BlockState multiple times. From their migration of ERC tokens, to hosting STOs on behalf of others, BlockState has remained busy. The following articles dive deeper into each of these events BlockState Hosts First STO for Streetlife International BlockState to Add ERC Tokens to Corda The post BlockState Gains Clarity on STO Taxation Within Switzerland appeared first on Securities.io.
Securities.io

Fervent Push for Regulatory Approval by STO Issuers

The crypto industry is making great strides in establishing Security Token Offerings (STOs) as a secure fundraising method. With the market’s attention diverted to the first-ever SEC-supported STO, and the U.S. Securities and Exchange Commission (SEC) pledging “plain English” directives on ICOs, 2019 could finally see security tokens used as fundraising tools. In 2018, the digital market registered significant drops in ICO numbers. Although investors saw great potential in the fundraising system at the beginning of the year, financial analysts exposed 80% of ICOs as scams by March 2018. A research conducted by Bitmex observed a 97% slump in ICO markets in Quarter 1 of 2019. While utility tokens only give access to protocols, STOs allow an investor to own a company’s assets much like stocks and bonds. This gives investors the right to vote, as well as share profits, interests, and dividends. Although utility tokens are not direct investments, some companies cling to them with the hope that they will increase in value. However, there is no assurance that the prices will rise in the future. Not only that, utility tokens involve uncontrolled token sales. STOs, on the other hand, enjoy regulatory oversight which ensures investors` interests are protected. On the whole, it is possible to organize security tokens according to securities laws so that the rights of token custodians match the ones provided when buying shares with a publicly listed company. STOs in Figures The total number of STOs launched worldwide in 2018 exceeded 1200. In spite of the SEC’s failure to approve any STO, launches increased by a margin of 60% in the United States. With only 174 STOs in 2017, the number was just shy of 300 in Q4 of 2018. Interestingly, STOs rose beyond 130% in Q1 2019. This surge did not come as a surprise considering the efforts by regulators to make sure security norms are observed. Even so, this pressure made it difficult to establish public token offerings. Besides, numerous STO service providers are joining the digital market, therefore, setting the pace for organizations to launch STOs. It is imperative to note that security tokens are not limited to only trading STOs or investments. It is possible to fractionalize security tokens kept on the blockchain. Therefore, retail investors can inject small sums into venture capital initiatives like gaming and medical care. Building a Credible Asset Class and Regulation Industry players are keen on ensuring security tokens together with their supporting infrastructure conform to regulatory stipulations. As long as the underlying infrastructure is in good condition, security tokens are capable of providing numerous investment opportunities to entrepreneurs with likely secondary market liquidity. Within the United States, security tokens fall under different regulations. They include:       Regulation S This offers an SEC-compliant procedure for both US-based and non-US investors to raise funds outside of the United States. In this case, security offerings can accommodate both Equity as well as debt securities. Although Regulation S offerings do not need SEC registration, an investor should ensure to sell their non-US tokens in line with US laws. Even so, the sale proposal might encounter limitations when the investor is an American organization. As such, it is prudent to combine two regulations. Since their concurrent use is legal, an investor can fuse Regulation S with D. The only variation between these two rules is that Regulation S allows an investor to raise cash from overseas without investor accreditation. So to say, Regulation D enables an investor to raise funds from US financiers while Regulation S guides contributions from outside the U.S.       Regulation D It allows the provision of securities to both US and foreign organizations alike. Moreover, it neither has limits on the maximum fundraising nor the size of a single participant’s investment. Thus, it is appropriate for all securities types. Even so, the regulation only allows certified American investors to participate. According to SEC’s section 506B, around 35 unapproved players can take part. Furthermore, Section 506C urges investors to get verified and only provide truthful information during their solicitation.       Regulation A+ This allows creators to present non-accredited investors with SEC-approved securities. The highest investment for this option is a $50 million sum or $20 million in the case of Tier 1. Tier 2, on the other hand, bars investors from committing above 10% of their annual income alone or together with their spouse. Regulation A+ issuance can take longer than other alternatives and is usually more complex and expensive. However, it is reliable because it does not have restrictions for prospective entrepreneurs (excluding US citizenship). What Does the Industry Have in Store? Despite the crypto industry being a budding market, it has shown tremendous growth in the recent past. This is evidenced by the increasing SEC applications for security tokens. Furthermore, organizations are now building their own digital commodities. The industry has high expectations that the SEC will release additional guidelines on STOs. There is mounting pressure to align regulations with vibrant markets like Switzerland. Overall, security tokens are a valuable instrument for accessing substitute investment openings in global markets amidst a secondary market liquidity chance. Featured image via BigStock.
Crypto-News.net

RISE Founder and CEO Talks about AI for Investing and Their Aim to Issue the Largest STO in Europe

Stefan Tittel, CEO and co-founder of RISE Wealth Technologies is a Serial entrepreneur with an impeccable track record. He has led several* companies throughout their complete business life cycle. He talked to Fintechnews about his company RISE Wealth Technologies, their plans and the current STO, which aims to be the largest in Europe. Stefan Tittel, CEO RISE 1. What is RISE Wealth Technologies and what does it do? RISE is a Germany-based software company developing sophisticated algorithmic trading technology using artificial intelligence (AI) and machine learning (ML) systems which have successfully traded on traditional financial markets for years. The patent-pending AI Machine Learning platform will fundamentally change the way that funds, investors and asset managers make investments. The RISE methodology enables investors to continuously discover, validate and implement new trading opportunities in both highly liquid and illiquid financial markets across the globe. The RISE technology-based financial solutions have outperformed competitive products since 2016. The company’s next step is to scale into the $80 trillion global asset management market. With the current STO, RISE aims for the largest European STO with $120 million target volume, to grow the business and expand globally and to extend their product offering for retail investors. At present, the company is financed with US$ 11 million and employs a workforce of around 20 experts in branches located in Munich, New York and Paris. 2. How did the idea come up? Originally, after my first company was sold (for more than USD200m to SAP) I asked myself where to effectively place and invest my earned money in the financial markets without the risk of losing it. Since I couldn’t find a convincing solution in private banking and funds, I looked deeper and identified a core problem in the market and decided to build an AI software to solve it. That was pretty much the starting point. 3. What is the company’s competitive advantage? What differentiates RISE from competitors? We are changing the way how funds, investors and asset managers invest. Human trading is being replaced at a staggering speed by automated, data-driven algorithms. In global financial markets, as in all other spheres of life, using computers that beat the human „computing capacity“ by billions, simply produces better results. In the future, the most successful asset managers will be technology companies. RISE is part of this exact group and has a massive technological edge. Our team of experienced serial entrepreneurs has built RISE over the last 7 years with the ultimate vision to be the „next big thing“ in the asset management world. We’ve recruited an all-star team and invested millions to build a set of self-learning, continuously improving trading software utilizing artificial intelligence and machine learning that will change the way how funds and investors trade. This technology, patent-pending, is the future of asset management. RISE is financed with a $8 million pre-STO investment round by all-star investors and is led by an experienced team of FinTech serial founders who have successfully built and exited several companies before RISE. We’re now ready to scale. 4. What is unique about the STO and the RSE token? RISE offers a 50% discount on the dollar in Phase 1 (volume limited) to accredited and professional investors. Apart from that, the token /participation right is valuable in itself; it comes with repayment of 8% p.a. plus dividend plus a non-dilutable exit participation. With our Secure Token Offering we offer a model to invest in our enterprise success. The RSE token pays out quarterly dividends from all profits that RISE generates. It allows regular investors to benefit from the massive potential and wealth generation of the unparalleled shift towards AI-powered investment management. RSE holders get quarterly profit payouts from RISE’s main drivers of profits – the strategy licensing revenues from institutions and revenues from its retail platform. Furthermore, RSE token holders are entitled to a $0.04 annual payback per token for 25 years up to a full repayment of $1.00 / token. For phase 1 investors, this is an 8% p.a. extra payback (on top of profit payouts). Last but not least, RSE holders participate in a potential IPO or Sale. Which means, should RISE be listed on an official exchange or be acquired, token holders will receive a share of the proceeds. 5. What are you looking to accomplish during 2019? This year, 2019, is of course dominated by our STO. With a target issue volume of $120 million, we aim at completing the largest European STO to date. This is our main focus at the moment, to achieve this goal. The first phase for professional and accredited investors is still open till September 15, 2019 – the second phase of the RISE STO will be opened to all investors pending regulatory approval and jurisdiction. But also, on a product level, we have exciting launches planned for this year with the release of the RISE Autopilot as well as the planned release of the RISE Crypto Trading Hub. 6. Does RISE have early customer validation? How many downloads and/or registered users have you recorded so far? RISE has several products on the market. With RISE Pro we are servicing an institutional customer base who are able to utilize our software to more effectively manage capital. The RISE Retail products include several brands such as the RISE App and the RISE Crypto Scanner with more products in the pipeline. While multiple institutional clients use RISE Pro, over 100,000 users have access to the RISE App from our previous UpTick brand, as well as currently over 2,000 early adopters are using the RISE Crypto Scanner. 7. Why AI is needed in investing? What’s the next step in AI/ML Investing? Machines work more efficiently than humans and, above all, without emotions. Artificial Intelligence and Big Data analysis can identify trading signals that are impossible for humans to recognize. Machines process information better, so algorithms are also perfect for Crypto and coping with a high degree of volatilities. Therefore, they will help the investor avoid all of the risk and inefficiencies that inevitably arise with human-influenced trading especially in the crypto market with overheated markets or markets depressed by blind pessimism. AI/ ML based investing replace gut instinct and intuition with facts and artificial and data-based powerful intelligence. Our patent-pending AI platform uses a combination of statistical methods and machine learning to search for promising new trading strategies and then validate and optimize them using an ongoing iterative process. Machine learning algorithms are able to scan and process vast amounts of data and distinguish real patterns, connections hidden to human logic, from random events also avoiding subjective human interpretations and thus derive suitable trading strategies. This allows us to basically feed our platform with data of stocks, futures, cryptocurrencies, etc. from which the platform then generates multiple valid trading strategies based on this data. 8. Your team has been focusing for some time on AI/ML-based trading algorithms. Are we approaching some sort of mainstream adoption, in your opinion? Elite investors are already using artificial intelligence and machine learning in investing to gain a competitive advantage. However, we are still far away from mainstream adoption. Today the largest asset managers are still traditional finance companies, which will change in our opinion. The largest asset manager in the future will be a technology company – not a bank. So we are just at the beginning of the disruption of the financial industry as we know it today. 9. What is Rise’s revenue model? How are you going to be making money? Banks and hedge funds pay license fees to trade assets using customized strategies developed with Rise’s proprietary trading software. The licensing fee structure is based on the standard of the industry – a management fee and a performance fee. Retail clients will also pay fees to use retail trading products available via Rise’s trading platform and mobile app. These fees form the basis of Rise’s revenue model.   *These companies, with total investments of more than $90m, generated substantial value for their investors. These companies previously have been founded or co-founded by Stefan Tittel: CROSSGATE AG (a B2B SaaS platform, market leader, sold in 2011 to SAP), TRAXPAY AG (a B2B real-time, blockchain-based payments platform, became a strategic investment by Commerz Bank and Software AG in 2013), Masterpayment AG (an online payments and working capital finance provider, sold in 2016 to NASDAQ-listed Net1 group), QUANTUMROCK Capital (a licensed asset manager), SINUS CULTUR (a property development company). Featured image credit: screengrab from Youtube The post RISE Founder and CEO Talks about AI for Investing and Their Aim to Issue the Largest STO in Europe appeared first on Fintech Singapore.
Fintech Singapore

Crypto Industry to Hit Another Milestone with its First SEC-Registered Security Token Offering

Gibraltar-based cryptocurrency trading platform simply known as INX is planning a public offering registered with the Security and Exchange Commission(SEC). In the planned public offering in which INX aims to raise about $130 million dollars, the exchange will be the first SEC-approved crypto exchange to offer security tokens. On Monday, as per a draft sent to the SEC, INX had proposed to issue security tokens in a planned IPO through which it planned to raise funds through the sale of 130,000,000 INX tokens which are ERC-20 based. INX token holders will also be entitled to 40% of the company’s overall cash flow from operating activities, but not as equity holders. The exchange noted in the draft that the minimum offering requirement is $5,000,000. The Use Of INX Within The Exchange According to the exchange platform, the INX Token may be used as a form of payment for transaction fees on the INX Securities trading platform, the proposed platform for the trading of security tokens, and INX Tokens are entitled to, at a minimum, a 10% discount as compared to other forms of payment. However, INX Tokens may not be used as payment for transaction fees on the INX Digital trading platform. INX Warns Investors The exchange further maintained that, there is currently significant uncertainty with regards to the application of federal and state laws and regulations to the trading of security tokens, including regulations governing market intermediaries, and this uncertainty, according to INX, may cause significant delay or may prevent the trading platform from developing its INX Securities trading platform and utilizing the INX Token as currently envisioned. INX aims to run two trading platforms with distinctions between security and non-security tokens. It also plans to get relevant regulatory licenses and approvals including a U.S broker-deal license. According to the platform, “when fully operational, we expect to offer professional traders and institutional investors trading platforms with established practices common in other regulated financial services markets, such as customary trading, clearing, and settlement procedures, regulatory compliance, capital and liquidity reserves, and operational transparency,” The news of INX planning to offer security tokens under SEC regulations spells more than adoption for blockchain and cryptocurrencies in general. Before now, crypto firms have struggled to make it past the SEC in terms of regulatory compliance. However, a couple of projects had a breakthrough while performing tokens offerings which were basically utilities. Another milestone has now been recorded with news of INX joining the pack, but this time, being the first of its kind to offer securities. The post Crypto Industry to Hit Another Milestone with its First SEC-Registered Security Token Offering appeared first on Coingape.
CoinGape

INX Limited Crypto Exchange Looks To Secure $130 Million Through An IPO Via SEC-Registered STO

The United States is a regulatory nightmare for crypto exchanges and businesses. The country’s regulatory bodies have put in place a variety of rules regarding crypto trading and exchanges find it challenging to comply with these regulations. One of the practices which regulators found problematic is initial coin offerings (ICOs), and crypto exchanges have struggled […]
Bitcoin Exchange Guide

BaFin Approves Germany based STO Platform by Black Manta Capital

Licence Approval In a process that took roughly 9 months, Luxembourg based, Black Manta Capital, was awarded licensure to operate an STO platform within Germany. This licensure was provided by regulatory body, BaFin. This development moves the company one step toward their self-described mission of setting “a global standard for Security Token Offerings (STO).” In their release, the company hinted towards a launch date, stating, “The operative start of the investment platform with the first Token Offerings is planned for early Q4/2019.” STO Platform The approval received allows for Black Manta Capital to offer clients services surrounding security token offerings. Black Manta Capital has indicated that they intend for this platform to function as a comprehensive offering – meaning that they will provide clients all the necessary services from start to finish, through the tokenization process. The act of tokenization involves selling, creating, and distributing digital securities which represent ownership of a variety of assets. These assets may range from cars, to art, to equity within a company, and anything in between. As these digital assets are securities, their creation and distribution is only possible when adhering to laws enforced by typical regulatory bodies, such as BaFin. The Competition The STO platform to be offered by Black Manta Capital is expected to face stiff competition, as Europe is quickly becoming a hot bed for companies with similar ambitions. The following are a few of those expected to fit this role. NeuFund Fintelum Tokeny Commentary Upon making their announcement, Managing Partner of Black Manta Capital, Christian Platzer, took the time to comment. The following is what he had to say on the matter. “Tokenization in the core financial field of securities will – for sure – bring paradigmatic change to the global financial markets.” – “While Black Manta Capital Partners want to be ‘boutique’ in its beginnings and run ‘handpicked’ STOs only, our strategy is global from day one: the first step is to link Europe and Asia on one blockchain-based investment platform. Therefore we look already today into Singapore.” Black Manta Capital Black Manta Capital is a young company which specializes in tokenization services. Operating out of Luxembourg since 2018, the company has plans for eventual expansion across various continents. Managing Partners, Christian Platzer and Alexander Rapatz, currently oversee company operations. BaFin BaFin is a leading financial supervising authority across Europe. With over 2,600 employees, this regulatory body oversees a variety of industries ranging from finance, to banking, insurance, and more. The organization has been operational since being founded in 2002. In Other News Today’s announcement is not the first time that BaFin has provided licencing to outfits partaking in the digital securities sector. The following articles demonstrate a pair of other companies that have also been successful in this respect. BitBond Gains Approval of BaFin to Host Security Token Offering Fundament Group to Issue €250 Million in Security Tokens backed by German Real Estate The post BaFin Approves Germany based STO Platform by Black Manta Capital appeared first on Securities.io.
Securities.io
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STO news by Finrazor

ESSENTIAL

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations

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DIGEST

Lithuania seeks becoming hub for security tokens, Thailand needs more crypto regulation, 'buy Petro before 2019' incentive, cease and desist order against 4 more ICOs, Bahama released discussion paper, British FCS warns against AsicTrader, VersaBank completes VersaVault, BBVA settles $170M loan over blockchain, fake news of ban upliftment in China, Thailand SEC to authorize the first ICO portal, Malaysia to use e-Scroll for degree certification, France considers lowering taxes on bitcoin gains

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OPINION

STO versus ICO: Not Just a Token Type But a Mindset

There are different ways of fundraising: venture capital, crowdfunding, ICO, IEO, STO with certain pros and cons. Finrazor and Monetizr, a project that preferred the STO campaign to an ICO, suggest to dive in the 'security token offering' concept and have a closer look at its features

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OPINION

What Is the Future of Stocks?

Brian Armstrong, Coinbase CEO, thinks that in five years one billion people will be using crypto. Also, he claims that in the near future Coinbase could list hundreds of tokens, or even millions in the more distant future, with proper regulations.

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OPINION

Ways of Raising Capital for Startup

There are many ways of raising capital for your startup. You must consider all options and choose the one that best suits your particular venture. Here we provide an overview of seven common ways of funding to help you weigh the pros and cons of each source and make an informed decision.

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TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019

TriveAcademy, a player in building the blockchain technology infrastructure which also conducts training classes and consultation processes was awarded for the “Bloconomic Excellence Award – Best Blockchain Technology Developer Award” at the  Bloconomic Expo 2019. The Bloconomic Expo 2019 is organized by the Malaysian Blockchain Association and Alphacap Sdn. Bhd. As a sponsor partner for Bloconomic event, TriveAcademy has presented their latest technology and applications of Trivechain 2.0 to the public at the expo. Trivechain just launched TRVC App which all the speakers’ and volunteers’ certificates is been blockchain in their TRVC app. After a successful fork on April 22, 2019, the new version of Trivechain 2.0 has been successfully forked, deployed and is running steadily. Trivechain 2.0 has include major changes such as adjustments to their Proof-of-Work algorithm from X11 to X16R and Proof-of-Stake collateral from 1,000 TRVC to 10,000 TRVC. The mining hash rate and the number of masternode needs to catch up slowly and be supported by a new community. The hash power and number of masternodes is increasing gradually every day indicating a significant increase from the date it was forked. In an interview with Tan, he said that “Trivechain 2.0, as a blockchain platform, will create a highly compatible community to attract developers and entrepreneurs around the world to become part of the Trivechain community. This community along with a number of open source products will offer and create a more conducive ecosystem for developers. This allows the chain to provide the most favorable conditions for its users to develop its application.” Trivechain 2.0 is offering another alternative open source platform for developers to develop their new blockchain base business ventures. The platform is ready for deployment and for those who are interested to catch new mining trend. Come and join the Trivechain community! You are invited to apply for the development fund through the DAO governance system to build a friendly and efficient development ecosystem in the blockchain environment. Visit the official website at www.trivechain.com for more details. About Trivechain (TRVC): Trivechain (TRVC) is a games and entertainment public blockchain protocol managed by Decentralized autonomous organization (DAO) which focuses on games and entertainment to enter the new era digital age with implementation of blockchain-based technology and DApps (decentralized applications). Facebook: https://www.facebook.com/trivechainMedium: https://medium.com/trivechainTwitter: https://twitter.com/trivechain_trvcReddit: https://www.reddit.com/user/TRVC-2Telegram: t.me/trivechain The post TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019 appeared first on Bitcoin Garden.
Bitcoin Garden

Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average

The Big Winners From Yesterday Over the past day, the top performing coin out of the 133 coins we are tracking was Wanchain, which offered a day-over-day return 90.53%. Rounding out the top four currencies for the day were Civic, Aion, and Tael, which provided holders with returns of 27.02%, 26.53%, and 22.7% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex The Crypto Big Picture Overall, the average change in coin price for the coins we’re tracking was up 3.1253%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 34 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves Here’s a list of the specific coins that crossed their key moving average level: Status, district0x, Loopring, 0x, SingularDTV, SONM, IOTA, Verge, AirSwap, Request, Viberate, Power Ledger, Ripio Credit Network, Agrello, BlockMason Credit Protocol, Aeron, Genesis Vision, Po.et, Tierion, Tael, Time New Bank, Waves, OST, NavCoin, Lunyr, AppCoins, VIBE, Nucleus Vision, POA Network, Groestlcoin, Skycoin, Civic, Streamr DATAcoin, Dock. Also of note is that 66 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally? Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average appeared first on DecentralPost.
DecentralPost

Futures trading platform Digitex prepares for public testnet, announces release date

Digitex, a trading platform for crypto futures contracts, announced today that it will be launching its public testnet on Nov. 30, 2019. The exchange plans to open their market starting with BTC/USD perpetual swap contracts. According to the exchange website, contracts for additional coins will be added based on user demand. For market makers and takers, Digitex won’t charge for any transactions. The project plans to cover all operational costs by creating value/demand around the Digitex Futures (DGTX) token. It will do this by minting a small number of tokens each year. The exchange will launch as a centralized exchange first but will continue to work on providing users with non-custodial (decentralized) accounts. This will allow users to have 100% ownership of their funds at all times while still able to make real-time trades and lightning speed. You know that Adam has been busy behind the scenes preparing to launch the game-changing, robust & rapid-fire #DigitexFutures #Exchange. But, our marketing efforts have been ramping up too & we’re pleased to announce that our community is growing globally! https://t.co/O8Ll6n9ot4 — Digitex (@DigitexFutures) August 21, 2019 Trading On The Testnet SmartDec, the development firm working with Digitex, is developing and vigorously testing the platform, preparing it for production. On the testnet, the firm says the exchange will be able to handle over 10,000 users trading concurrently and up to 50,000 transactions per second. A date has not been set for the Digitex platform’s mainnet launch yet, but the project team has said that testnet trading is anticipated to last for two months. After the testnet stage wraps up, Digitex plans to launch on the Ethereum mainnet. At that time, users can trade futures contracts in real-time using DGTX tokens. 2019: The Year of Crypto Futures Trading As it stands, 2019 is shaping up to be an important year for emerging futures trading platforms in crypto. The launch of Bakkt, another highly-anticipated trading platform, is scheduled for Sept. 23, 2019. Bakkt has garnered a lot of media attention thanks to the establishment of major partnerships and its focus on support for institutional investors. Digitex is aiming to appeal to a broader range of users and traders. According to the Digitex homepage, the platform has over 1.54 million signups on its waitlist. The post Futures trading platform Digitex prepares for public testnet, announces release date appeared first on CryptoSlate.
Cryptoslate

Blockchain.com integrates BitPay into its wallet

Blockchain, a cryptocurrency wallet and trading platform, has partnered with cryptocurrency payments processor, BitPay. According to a blog post by Blockchain, the firm has integrated BitPay into the Blockchain Wallet so users "can pay for products and services from an extensive network of merchants without ever giving up control of your private keys."  Blockchain is one of the largest cryptocurrency wallet providers in the world with approximately 41 million users to date. The firm recently announced the launch of a cryptocurrency exchange focused with a focus on fast trade execution.
The Block Crypto
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