Rokkex Exchange To Enhance Crypto Asset Security By Using Ledger Vault

Rokkex, a crypto exchange based in Estonia, has recently started a new partnership with the French Ledger wallet, which is known for its popular hardware wallets. The company will now integrate its services with Ledger’s wallet for enterprises: Ledger Vault.

The vault will be used to secure the assets of the company with highly advanced security measures.

The Estonian company was created last year as a fully regulated platform, so it will have wealthy clients that will want to protect their assets. According to the founder and CEO of Rokkex, Lukas Krikstaponis, the first tests with the technology were very successful. The head of Ledger Vault, Demetrios Skalkotos, has affirmed that they can provide full transparency and protection from attacks.

By using this product, the clients will retain full access but they will have additional protections such as cold storage and other guarantees. This is important because several exchanges have been hacked recently, meaning that security is now more important than ever. Many exchanges try to secure the assets themselves and

Ledger Wallet was first launched in May 2018 to be used as a security tool that could target institutional investors.

The product has a structure that helps most companies because it works with multiple authorizations, meaning that its governance infrastructure can be used by institutions that share the assets with different investors.

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Author: Gabriel Machado

Luxembourg Financial Firm, Black Manta Capital, Receives BaFin License For STO

Black Manta Capital Partners, a financial company based in Luxembourg, has recently received the license from the German regulator BaFin (Federal Financial Supervisory Authority). With the license, the company will now be able to start offering Security Token Offering (STO).

The company first filed the order for the license nine months ago. Now, it is legally able to offer regulated blockchain-based brokerage services to its clients, which was the plan since the start.

According to the reports, the company is set to manage the tokens of the clients using the blockchain. The idea is to offer more access to smaller and medium companies via the STOs. This way, they will get an innovative new way to raise capital from investors.

Part of the reason why the company wanted to get the license from the regulator was in order to reach a more global audience. The Black Manta Capital Partners project is very ambitious and the company wants to set many international bases. Berlin will be one of these places, as well as Vienna and Malta.

There are also some plans to open up shop in Singapore, which would expose the company to Asian markets. Because of this, the company has already applied for a license in Singapore a well. At the moment, they are awaiting their approval.

According to the spokesman of the company, Black Manta wants to hold only great STOs, but they want to be the link between Europe and Asia, so having investments in both companies is a great start.

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Author: Gabriel Machado

Poloniex Will Delist Over 20 Individual Trading Pairs Due to Low Volume and Demand

The crypto exchange Poloniex, which is owned by Circle and based in San Francisco, is about to remove the total of 23 trading pairs from its list of assets. The reason for the change is that the crypto exchange has deemed that these trading pairs have a very low volume, so it is not worth to keep them around.

Curiously, none of the trading pairs is paired against Bitcoin. They are all traded against Monero (XMR), Ethereum (ETH), Tether (USDT) and only one with USD Coin (USDC). You can check the complete list of assets here.

Not The First Time Assets Are Delisted

This is not the first time that the Circle-owned exchange decides to delist assets. The last time this happened, on May 29, several assets have been completely removed from the platform, not only trading pairs. The assets were Bytecoin (BCN), GameCredits (GAME), Lisk (LSK), Augur (REP), Ardor (ARDR), Decred (DCR), Gas (GAS), Omni Layer (OMNI) and Nxt (NXT).

You may have heard of these assets. The main reason for delisting was not really low volume but regulatory uncertainty. The company is U. S.-based and most of the assets were created via Initial Coin Offerings (ICOs), which are not fully legal in the country. This meant that even somewhat famous tokens such as Augur ended up being kicked from the platform.

In related news, Coinbase Pro has also started to limit some assets this month. XTZ/BTC and XTZ/USD are set to enter transfer-only mode soon, even in the supported regions of these assets. At the moment, however, no orders can be placed on the order books of the platform.

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Author: Gabriel Machado

60 Latin American Banks To Start Using Bitcoin For Cross-Border Payments via Bitex Crypto Exchange

Bantotal, a banking service based in Uruguay with over 60 banking clients, has recently started a partnership with Bitex, a crypto exchange. With this partnership, the bank will help banking institutions to make cross-border payments using the Bitcoin network.

According to Bitex’s CMO Manuel Beaudroit, the integration will be a major step for banking in the region and will help to connect these institutions in a way that is more efficient than traditional methods such as SWIFT.

With this new tech, the banks will be able to access Bitex’s API and transmit money quickly to banks in the region. According to the company, these payments are five times cheaper and much faster than other methods. Before now, payments can take up to 96 hours, Bitex cuts that time in more than half.

Bitex is basically the middleman of the transactions. The banks route the payments via the company and do not have to worry about most of the specifics. This can also be interesting for banking companies because they no longer need to acquire foreign fiat currency. They can just use Bitcoin instead.

This initiative is seen by local investors as a great way to expose the market to the benefits of the blockchain. While Europe, the U. S. and Asia are already using the technology extensively, some countries are still behind the times and this solution can help to modernize their business model.

According to Santiago Siri, an expert in digital governance who works as an advisor to Bitex, using Bitcoin to be connected internationally is still not something common in Latin America, but with initiatives such as this one, it may well be in the future.

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Author: Lorraine Mburu

Enterprise Ethereum Alliance (EEA) To Launch Its New Mainnet Initiative

Enterprise-Ethereum-Alliance-EEA-To-Launch-Its-Mainnet-Initiative

One of the main consortiums based on the Ethereum ecosystem, the Enterprise Ethereum Alliance, has just announced that a group of developers is being tasked to work on the collaboration between the mainnets of the members.

This group will be known as the EEA Mainnet Initiative and will have the goal of accelerating the cooperation between the companies that are a part of the consortium. They will get together to develop solutions that will make their work more interoperable than it is right now. According to the group, the initiative will help them to match the current requirements of the market, which include greater interoperability.

One of the board members of the EEA, Marley Gray, which also works on Microsoft, affirmed that Ethereum-based mainnets need to increase not only their interoperability but also the scalability of their projects in order to prepare for the future.

Joseph Lubin, one of the creators of Ethereum, founder of ConsenSys and part of the EEA, also talked about this. He affirmed that Ethereum technology is used today more than ever and that most major organizations are starting to get interested, so it is the time to upgrade the tech.

More about this project will be available on Devcon5, which is set to happen in October.

Aya Miyaguchi Will Be A New EEA Board Member

During the same time that the company announced about the new initiative, the role of Aya Miyaguchi was also revealed. She was welcomed as the new board member of the consortium. According to Miyaguchi, this is an exciting time to be a part of the industry.

At the moment, the EEA has over 450 members, being one of the most important blockchain consortiums in the market at the moment. Companies such as JP Morgan Chase, Accenture, Microsoft, Banco Santander, and Cisco are all a part of the project.

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Author: Bitcoin Exchange Guide News Team

Swissquote Bank Sees Noticeable Reduction in Net Profits Due to Exit of Crypto Trading Business

Swissquote-Bank-Sees-Declining-Net-Profits-In-Crypto-Trading-Business

An online bank based in Switzerland called Swissquote Bank has recently reported that its net profits went down 14.3% this year. The main reason for the decline, according to the executives, is that the year saw a significant drop in crypto trading. Other factors were also cited, but this one was one of the most relevant ones for the losses.

When comparing June 2019 to June 2018, the company affirmed that it was able to have a net profit of $22.55 million in the current years while it profited $26.34 million in the previous one.

It was also reported that crypto trading went down 17.9% during this timeframe, which affected commission income and net fees as well.

When looking at the data, it is important to remember that the crypto market was having a bear market last year. Even with volumes decreasing significantly, the company was still able to perform better in 2018, which can be seen as a very worrisome statistic. This year, the crypto market is doing considerably fine when compared to 2018, although not as well as it did in 2017.

Swissquote started its crypto services back in 2017. It offers its clients the chance to deal with five different tokens: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTX) and Ripple’s XRP.

The company has also recently announced a custody service for cryptocurrencies this year, which will be a partnership with another Swiss company called Crypto Storage AG.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Gabriel Machado

London-based Standard Chartered Will Start Using The Blockchain For Supply Chain Finance

London-based-Standard-Chartered-Will-Start-Using-The-Blockchain-For-Supply-Chain-Finance

Standard Chartered, a bank based in the U. K., has just made its first transaction using a new blockchain-based supply chain application. According to the bank, they did it with Linklogis, a supply chain company based in China.

The two companies signed the partnership back in February 2019. At the time, they agreed on collaborating in order to expand the visibility of the bank’s supply chain. The Linklogis’ platform called WeQChain was used for the new transaction. This platform is based on the technology from Tencent, the Chinese tech giant.

According to the official press release, the main idea is to boost the transparency of the bank at the same time that the processes are being optimized. Another goal is to optimize the way that people can access credit on Digital Guangdong.

In case you don’t know, Digital Guangdong is a joint company made by four giant ones: China Telecom, China Unicom, China Mobile, and Tencent. Since its creation, the project has been responsible for creating over 700 digital applications.

Xie Wen, who works like the Chinese head of commercial banking for Standard Chartered’s local division, believes that the partnership will be very important in order to help the company to remain competitive in a scenario in which several participants are starting to upgrade their technology.

Standard Chartered is an important bank that is headquartered in the U. K. but has a strong presence in several continents such as Asia and Africa.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Gabriel Machado

Crypto Banking Startup Bitwala Gets $14.5 Million USD Led by Sony Financial Ventures, NKB Group

Crypto Banking Startup Bitwala Gets $14.5 Million USD Led by Sony Financial Ventures, NKB Group

Bitwala, a Bitcoin bank based in Germany, has recently announced that it was able to get $13 million EUR during its most recent funding round.

The investments were led by Sony Financial Ventures, a Sony subsidiary, along with NKB GRoup and Global Brain.

According to the company, half of the money gathered was given by early investors Coparion and Earlybird Venture Capital.

What Is Bitwala?

The co-founder of Bitwala, a man named Jan Goslicki, affirmed that the reason to create this company was to connect Bitcoin to the more traditional financial world. This, he affirmed, is something that most people simply do not believe to be possible, especially because the German regulation is pretty strict.

However, he believes that the company is succeeding in creating this bridge between the innovative world of Bitcoin and the more traditional and established financial-banking market.

So far, the company already has clients on the 31 countries from the European Economic Area. All clients of the bank are able to get a Bitcoin wallet as soon as they start up their accounts without having to pay any special fee. Also, insurance covers up to $100,000 EUR of the clients in case something happens to the money.

The team affirmed that this money will be used mostly in an effort to get new clients and to expand the current number of employees. Another use of the money will be to create a new service in which the bank will offer BTC accounts for businesses.

At the moment, the bank only has accounts for retail clients. Its fast growth, however, is proving that other types of accounts will be important as well. The Chief Growth Officer of the company, Philipp Beer, has affirmed that the company is looking to grow in all sectors and to be a part of the future of finance in Europe.

Bitwala has been around for a while now and has reached a degree of success. In spite of this, the company was very negatively affected at the beginning of the year when several crypto debit cards backed by Visa ceased to function.

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Author: Gabriel Machado

Kraken Enables New Options To Fund 5 Top Fiat Currencies; USD, EUR, GBP, CAD and JPY

Kraken Enables New Options To Fund 5 Top Fiat Currencies; USD, EUR, GBP, CAD and JPY

Kraken, a crypto exchange based in the U. S., has recently started a new partnership with Etana Custody. This new partnership will enable the company to offer deposits and withdrawal for five major fiat currencies: U. S. dollars (USD), euro (EUR), Canadian dollar (CAD), British pound (GBP) and the Japanese yen (JPY).

The company announced that starting this week, the new partnership will enable the clients to use these options. However, the standard “Starter” accounts. Only “Intermediate” and “Pro” accounts will receive the benefit.

In order to use this new feature, the traders will have to use the integrated Etana Custody Wallet and to register a bank account that will wire the money to buy the new tokens. Unfortunately, it may take up from one to five business days in order to receive your tokens since wire transfers are notoriously slow.

The customers of the company will also be able to convert their money between all the five fiat currency options, according to the announcement.

It was also revealed that because of this integration the users can also access the market via Meta Trader platforms without issues.

Etana Custody is a company based in Auckland that provides crypto custodial solutions for its clients. Kraken is considerably more famous and it is one of the most important crypto exchanges in the world. It has 24 crypto tokens listed that form 74 unique trading pairs.

Several Crypto Exchange Are Starting to Support Fiat

The crypto world definitely does not live in isolation anymore. As crypto trading started to get really prominent, several companies are following the same trend that Kraken is following just now: they are starting to offer fiat options.

Bitstamp, for instanceiss a major European exchange that has finally started to accept GBP. This is very important, especially now that Brexit is about to happen because it will connect the U. K. to European crypto markets.

Smart Valor, too, is a Swiss platform that is considerably interested in creating a bridge between the crypto world and fiat currencies. It seems that integration is the way for the future.

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Author: Gabriel Machado

ITAM Games Review: Blockchain Solution Where You Play to Earn

ITAM Games Review: Blockchain Solution Where You Play to Earn

ITAM Games is a solution based on blockchain technology where players get to do what they love, while at the same time earning. Thanks to the blockchain ecosystem, they now get to ensure that games are not only entertaining but that the games in question also remain transparent.

Game developers in different parts of the world are always in search of ways that they can entertain their legion of fans. Players, on the other hand, believe that they ought to have access to their gaming data.

ITAM Games has a mission to support the broad array of games developers in existence today do what they love most. They have provided a platform that developers can easily use to integrate the games already present in their catalogs. Gamers can now make sure that their games are available in the blockchain ecosystem using this solution.

For users, they get to create value through the efforts they apply when playing online.

The Gaming Experience Offered by ITAM Games

ITAM Games is providing games and game developers with an opportunity to experience a whole new world powered by the blockchain ecosystem. It is an eco-system designed to provide a gaming environment like no other.

Benefits of Using ITAM Games

As mentioned earlier, ITAM Games seeks to provide a solution that will wow both developers and their gaming fans. These benefits include:

  • Earning in-game crypto assets that get stored on a digital wallet as opposed to having them stored in centrally located game servers.
  • Gamers get to retail complete ownership of their crypto assets
  • Platform users can easily trade their assets with other gaming fans on the platform
  • Fair gaming powered by the blockchain ecosystem
  • Public transparency when it comes to displaying achievements made by each user. The transparency extends to game ranking, high scores, and in the leaderboards.
  • Users have complete access to the gaming history allowing them to track all their movements from the time they sign up on the platform.

For the developers, they get to:

  • Create games based on the blockchain system without having to learn how it works
  • Receive full node EOS.IO support
  • Receive in-game payments in their digital wallets after every two weeks

Importantly, ITAM Games will provide support for as many cryptocurrencies as possible to ensure that they do not lock out any player.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team