Major Agriculture Companies Partner to Use Blockchain in Grain Trading

The world’s four largest agriculture companies, commonly known as ABCD, have partnered to digitize international grain trading by using blockchain and artificial intelligence (AI) technologies, Reuters reports Thursday, Oct. 25.

ABCD, composed of Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., and Louis Dreyfus Co., states that blockchain implementation could make trading more efficient and transparent, as well as reduce costs. The conglomerate aims to digitize the system that has previously relied on paper contracts, invoices, and manual payments.

According to grain industry news outlet World-Grain.com, blockchain and AI will be initially used to automate grain and oilseed post-trade execution processes, which are a highly manual and costly part of the supply chain.

In the long run, ABCD plans to integrate blockchain technology on different levels of the supply chain, including shipping, storage, and customer experience.

As cited by World-Grain.com, CEO of Louis Dreyfus Co. Ian McIntosh explained how blockchain could help develop the agriculture industry, noting the technology’s “capacity to generate efficiencies and reduce the time usually spent on manual document and data processing.”

Major food giants across the world have been testing blockchain to improve the efficiency of the supply chain. Louis Dreyfus Co., along with four other parties, conducted its first blockchain-based shipment back in January 2018, sending soybeans from America to China using the Easy Trading Connect (ETC) blockchain platform.

U.S. national milk marketing cooperative Dairy Farmers of America also piloted decentralized solutions among its farmer-members in 48 states, while major Dutch supermarket chain Albert Heijn used blockchain to track orange juice production.

As per a recent study by Reportlinker, blockchain use in agriculture and food supply chains market will be worth over $400 million in the next five years.

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Japan: Messaging Giant LINE Launches Trading of Its LINK Token on Native Exchange

Japanese messaging app provider LINE Corporation announced that its newly-developed LINK (LN) token is now tradeable on its native BITBOX cryptocurrency exchange in a press release Tuesday, October 16.

LINE, which launched BITBOX in July, will offer trading against three cryptocurrency assets – Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) – out of a total of thirty currently available on the exchange. BITBOX does not offer fiat trading.

In future, LN holders will be able to spend their holdings in LINE’s decentralized application (DApp) system, also currently under development, the press release notes.

“We’re very pleased that users are now able to trade LN on BITBOX, which is a major step forward in our plans for creating a token economy,” LINE CEO Takeshi Idezawa commented in the release, continuing:

“We think it is important to promote co-creation and mutual growth with LINK, while ensuring BITBOX continues to develop as a user-friendly platform that adds value to those who use it and contribute to our services.”

Along with promotional activities such as an airdrop of TRON (TRX) tokens for LN holders, the move marks the latest step in the company’s continued efforts to embrace the crypto economy.

As Cointelegraph reported in August, LINE’s Hong Kong-based subsidiary Unblock launched a $10 million “corporate token fund” with the aim of “boosting the development and adoption of cryptocurrencies and blockchain technology.”

Separately, internet conglomerate GMO Internet Co. Ltd revealed plans earlier this month to launch a cryptocurrency stablecoin pegged to the Japanese yen.

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Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs, Says Report

Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8.

According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and exiting cryptocurrency markets.

Combined with a VPN, two traders can use an exchange platform notionally registered outside China as an intermediary to swap cryptocurrency for fiat currency and vice versa.

“[T]wo individuals who have both completed a ‘know-your-customer’ procedure with an exchange would swap ‘fiat’ currencies […] to tether,” the publication reports:

“The exchange plays the role of an overseer of such trades, and stands ready to adjudicate in cases of failed trades, or transactions that are not honoured.”

A Beijing district stepped up the general ban on cryptocurrency exchanges last month, seeking on a local level to ban over 120 websites of platforms attempting to serve would-be domestic consumers.

This, Hong Kong and Taiwan exchange TideBit CEO Terence Tsang told SCMP, is “targeted at a batch of smaller exchanges that had claimed to be foreign entities, but are in fact operating in China claiming they have outsourced their operations to a Chinese company.”

At the same time, the Post notes, there is currently no successful scheme in operation to block VPNs, allowing smarter traders to maintain access to forbidden online resources.

Chinese traders have pursued various means of crypto trading since authorities first began cracking down on the practice in September 2017, Cointelegraph has reported.

These have taken the form of using Hong Kong as a home from home for platforms themselves, while traders have resorted to peer-to-peer options, something the Chinese government has now also sought to shut down.

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Yahoo Finance Integrates Bitcoin, Ethereum and Litecoin Trading

Yahoo Finance has integrated trading with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on its platform.

While statistics are available on the platform for other digital currencies like Bitcoin Cash (BCH), Ethereum Classic (ETC) or EOS, they currently do not have buy and sell options.

The development has led some in the crypto community to say that it is an important step forward for crypto adoption. Crypto enthusiast and founder of Morgan Creek Digital, Anthony Pompliano tweeted:

BTC continues to trade near the $7,000 price point, according to Cointelegraph’s Bitcoin price index, after it broke through the $7,000 threshold on August 28. At press time, the leading cryptocurrency is trading around $7,043.

ETH is trading around $290 at press time, down 1.36 percent over the last 24 hours, seeing negligible price change on the day. Yesterday, August 28, ETH saw the first major upswing in price performance after a faltering week range bound between $270-280.

LTC is currently trading around $62, down 1.74 percent on the day, according to CoinMarketCap. The total market capitalization of the altcoin is nearly $3.6 billion, while its trading volume over the past 24 hours totalled around $222 million.

In March, the Japanese arm of internet giant Yahoo said it will open a cryptocurrency exchange “in April 2019 or later.”  Yahoo Japan was going to buy 40 percent of BitARG Exchange Tokyo in April, and immediately dispatch executives to lay the foundations for the exchange to launch a year later.

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Korea’s Financial Watchdog Calls for Stock Trading on a Blockchain


South Korea’s primary financial watchdog has backed the use of blockchain technology as the core infrastructure for trading stocks in the country.

First reported by domestic news publication Korea Joongang Daily, the Financial Supervisory Service (FSS) has advocated the use of blockchain for stock trading in a report focused on the subject released on Thursday. In a significant backing of the technology, the FSS called on the country’s regulatory agencies and firms to jointly work and develop an integrated blockchain system that negates the use of a conventional centralized ledger and system to track transaction.

Blockchain technology offers the promise of safer and tamper-proof transactions, the FSS report said, suggesting that conventional transaction systems with an overseer or centralized record-keeper is riddled with inefficiencies and vulnerable to hacking attacks.

The FSS also researched the use of blockchain technology among stock exchange transactions in several countries including Japan, the United States and Australia.

As reported by CCN, the Australian Securities Exchange (ASX) – Australia’s largest stock exchange – will become the world’s first major exchange operator to implement blockchain technology for its clearing and settlement system with a planned rollout in 2020. In doing so, the ASX is replacing its existing post-trade system that has been operational for the last 25 years.

In the United States, Nasdaq – the world’s second-largest stock exchange by market capitalization – has already launched Linq, a blockchain platform that enables private companies to trade their shares on the platform. The Japan Exchange Group (JPX), Asia’s largest stock exchange operator, has also established a consortium to specifically research blockchain applications in late 2016 and has since received a regulatory green-light from Japan’s financial regulator to use the decentralized technology as the code driver for its trading infrastructure.

Urging regulators, authorities and the financial industry to come together in developing a blockchain stock trading platform, an excerpt from the FSS report added:

There should be no barrier between public institutions and private companies in developing a blockchain system.

The FSS report went on to add that Korea’s embrace of blockchain is still in a preliminary stage, despite the notable successes of major trails including a 7-month pilot of imports and exports from Korean shipping ports tapping a blockchain developed by Samsung SDS, the IT subsidiary of electronics giant Samsung.

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India Turns to Discreet Trading Methods to Circumvent Cryptocurrency Ban


The Indian government’s crackdown on cryptocurrencies has not deterred the populace from employing new ways to purchase and trade digital assets. While exchanges have launched peer-to-peer models, a small fraction is resorting to “Dabba trading.”

Banning Not Enough

As reported on July 30, 2018, by local outlet Business Today, Dabba trading refers to making trades outside the order books, usually in an illegal setting different to a formal OTC market.

While used since decades by Indian stock trades, the method has since an upsurge after India’s crackdown on cryptocurrencies, especially after April 2018’s decision of ceasing banking activities for the country’s vibrant crypto market.

The Dabba process is similar to the hawala network, an underground logistics framework used mainly by criminals for transporting goods and money around the world. However, instead of exchanging chits at the destination, Dabba traders execute trades on a platform connected with a foreign bank, usually based in Dubai, Europe, and the U.K.

The report noted several Dabba brokers are present in the Indian cities of Surat, Kolkata, Ahmedabad, and Mumbai, all known for their financial prominence and thriving industries.

The Process

The brokers typically accept trades from the investor in cash and buy bitcoins using an overseas trading account they have access to. When the investor decides to cash out, the broker simply pays out the difference in cash, while selling his bitcoins in the foreign trading account and routing money via hawala.

However, some brokers have international bank accounts and conduct cross-border transfers to avoid the need of using the risky hawala channel. Trades are settled once per day, but reports suggest some settlements could take a week.

While the Indian government has a maximum annual remittance limit of $250,000, brokers circumvent this stoppage and continue their business in cash or cheque.

To converse, traders and brokers use Telegram instead of WhatsApp or Facebook, presumably to take advantage of the encryption services and protecting identity.

P2P Proving Popular

For Indian cryptocurrency users, not Dabba trading due to choice or risk-aversion, peer-to-peer exchanges like Koinex Loop and WazirX prove to be saviors. The P2P model avoids the use of international banks accounts entirely, instead of using a smart contract escrow to release funds after all conditions are met.

Meanwhile, India awaits its September 2018 judgment on the cryptocurrencies, including trading, regulation, and future use cases, as reported by CCN.

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Media: Crypto Exchange Huobi’s OTC Trading Platform to Support India Rupee Transactions

Huobi, currently the world’s third largest crypto exchange by daily trading volumes, is set to support Indian rupee (INR) transactions on its proprietary peer-to-peer trading platform, according to an email cited by Crypto News India July 26.

Huobi, whose over-the-counter (OTC) service will reportedly offer Indian users zero-fee trading on Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) using rupees, noted in the email that:

“We do think it’s time that we provide a solution of buying/selling digital assets with INR for all Indian users…every registered Indian user of Huobi can log in to https://otc.huobi.com to trade digital assets with INR.”

The email reportedly goes on to advise customers that they can transfer to Huobi Global if they want to trade more cryptocurrencies with “high liquidity.”

The OTC option for Indian traders has yet to be confirmed in an official announcement beyond Crypto News’ cited correspondence, although the platform did reach out to a spokesperson who has allegedly confirmed that INR trading will be supported.

Huobi has not responded to Cointelegraph’s request for confirmation by press time.

News of Huobi OTC’s reported support for rupee transactions is especially significant for the Indian crypto space in light of the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related businesses and persons, which came into force July 5.

On July 4, one day prior to the deadline for the ban’s implementation, local crypto exchange WazirX revealed it would itself be transforming into a peer-to-peer platform so as to avoid in-house crypto-fiat conversion.

The central bank’s crypto dealings ban — first announced in April 2018 — has prompted both public and industry-led petitions, with some appealing to the courts on the grounds that the decision is unconstitutional.

Ongoing hearings on the ban at the Supreme Court have seen the judiciary refuse to grant interim relief to those that purport to be affected. Ten days ago, the court deferred the final hearing on the ban — originally scheduled for July 20 — until September 2018.

Alongside this most recent bid to reach out to an Indian user base, Singapore-headquartered Huobi has been rapidly expanding overseas throughout 2018. Trading has recently opened on its new “strategic partner” platform in the U.S., having launched a South Korean subsidiary this spring as well as unveiling a London-based operation, with OTC trading tests for the U.K. market expected to begin in the third quarter of this year.

Huobi has seen $968.7 million in trades over the 24-hour period to press time, according to CoinMarketCap.

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Huobi Informs Users on Decision to Launch P2P Trading in India

Exchanges

Following several announcements of plans for global expansion, this week crypto exchange Huobi has reportedly informed Indian users of its intentions to present them with a P2P platform that allows trading in Indian rupee. The email notice published by local media promises zero transaction fees for exchanging BTC, ETH, and USDT.

Also read: 3 Million Brits Invested in Crypto via Exchanges, Few Sought Advice

Reports: Huobi to Launch P2P Platform for Indians

Cryptocurrency exchange Huobi has announced in an email to Indian users its decision to offer peer-to-peer trading services in their country, local crypto media reported. The notice states that they will be entitled to zero transaction fees for trades in bitcoin core (BTC), ethereum (ETH), and tether (USDT). Users will be able to buy and sell these cryptocurrencies with support for transactions in Indian rupees (INR), according to a copy of the correspondence published by Crypto News, India.

The exchange says that “[…] we do think it’s time that we provide a solution of buying/selling digital assets with INR for all Indian users: Huobi OTC – a proprietary peer-to-peer (P2P) platform that allow[s] users and merchants to trade digital assets with your local currencies.” The crypto company also notes that “every registered Indian user of Huobi can log in to https://otc.huobi.com to trade digital assets with INR.” Customers are also advised to transfer to Huobi Global if they want to trade more cryptocurrencies with high liquidity.

Huobi Informs Users on Decision to Launch P2P Trading in India

The announcement was made after Huobi recently sent a questionnaire to its Indian users. In another email, the exchange also invited them to become “Global Merchants”. The message read, “After becoming a global merchant of Huobi OTC, you will be entitled to: post-fiat-to-token advertisements to gain more earnings during “Buy & Sell” processes; enjoy zero transaction fee and obtain 24/7 customer support.”

The launch of the Indian P2P platform has yet to be officially announced by Huobi with a release expected on its social media channels. However, the authenticity of the emailed message has been confirmed already by a spokesperson reached by Crypto News: “For OTC supports INR currency. Yes. It’s legit,” the representative is quoted as saying.

Peer-To-Peer Trading Expands After Ban, Before Regulation

Huobi’s announcement comes in difficult times for the Indian crypto community. In recent months, Indian companies and individuals working with cryptocurrencies had to deal with a bank crackdown that followed a ban imposed by the Reserve Bank of India, the country’s central bank. The measure came into force on July 5, after the Supreme Court upheld it in a hearing on July 3, when it did not grant a stay before the compliance deadline, and then in another one on the 20th, when it did not overturn the ban. The final hearing on the matter was scheduled for September 11.

In April, the RBI ordered regulated financial institutions to quit providing services to entities and citizens dealing in cryptocurrency. The restrictions have since forced Indian crypto exchanges to suspend fiat transactions and offer crypto-to-crypto trading options. Comprehensive regulatory guidelines are expected in September, as news.Bitcoin.com reported earlier this week. A draft has been prepared already and consultations are underway to finalize the framework.

Huobi Informs Users on Decision to Launch P2P Trading in India

Until the important decisions are made this fall, P2P platforms are offering a viable option for Indian traders who want to exchange cryptos with rupees. Cryptocurrency exchanges, Koinex and Wazirx, are already offering peer-to-peer trading services.

If Huobi fulfills its promise to Indian users, the launch of its P2P platform will become the latest in a series of moves aimed at expanding its global reach. Huobi’s plans include Europe, Asia, America, and Australia. In June, the Singapore-based exchange confirmed its intentions to open an office in London. In early July, the third largest crypto trading platform launched a platform in Australia with 10 pairs against the AUD. Huobi is also eyeing opportunities in Toronto, San Francisco, and São Paulo.

Do you trade cryptocurrencies on P2P exchanges? Share your thoughts on the subject in the comments section below.


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Digital Asset Trading Platform Unveils Plan to Share Revenue With Users

A digital asset trading platform says its “superior circulation capabilities” can help tokens thrive in the crypto world, through financial-level services that enable tokens to be issued more quickly.

BitForex claims that many of its rivals lack transparency when launching currencies — and their desire to maximize profits can act as a major obstacle when entrepreneurs are attempting to launch new digital currencies.

The company hopes to integrate the token economy into the real world quickly, as it believes this would “promote economic and social innovation.”

One stop shop for crypto users

BitForex says that its suite of services has already gained popularity in the crypto world, with an emphasis on customer service, strong security and a resilient technical infrastructure, as well as internationalization. At present, it offers transaction services for more than 100 types of cryptocurrency and plans to launch an ecosystem for digital asset derivatives, including option contracts and futures contracts.

It is also unveiling the BF Token, which is designed to allow revenue to be shared among BitForex users who trade on the platform. When the token goes live, the company says that this will be the main payment method for trading fees and any other costs that traders incur. It is hoped that this distribution system could see traders cover some — or even all — of their costs.

Although listing the BF Token on exchanges is described as a possibility in the future, BitForex is currently planning to list it exclusively on its platform, and the token is going to become available as soon as its Initial Coin Offering concludes.

Plans to become a market leader

BitForex has the ambition of becoming the world’s number one crypto asset exchange by December 2018, with CNBC recently estimating that the cryptocurrency market is going to be worth $1 trillion by the end of the year.

The company claims it has already soared through the ranks on CoinMarketCap — going from a ranking of 63 in May 2018 to being in the top 10 in July. BitForex claims it currently has more than 1.8 million users, with 15,000 new accounts being registered on a daily basis. Its team says the goal of becoming the market leader is “based on our proven growth history.”

When compared with other exchanges operating in this competitive market, BitForex claims it has amassed an “unfair advantage” through its staff — many of whom have previously worked for major organizations, including Microsoft, Tencent, Lenovo, the World Bank and Merrill Lynch. It says the pedigree of its workforce is what “explains such fast growth in such a short period of time.”

The company says all of its team members possess “deep experience” in blockchain and a passion to see the technology succeed. It claims that senior managers have more than 10 years’ experience in the financial sector, with at least seven years specifically related to the burgeoning blockchain sector.

A win-win ecosystem

BitForex says that its token holders will have the ability to participate in “exclusive airdrop activities,” and they will also enjoy voting rights.

The company’s headquarters is based in Singapore, and it is registered in the Republic of the Seychelles — with teams based in the Philippines, Germany, Estonia, Malaysia, Hong Kong and others.

Its white paper explained: “Currently, most digital asset trading platforms on the market have some problems, such as opaque currency mechanisms, single trading products, closed operations, etc. We believe that openness and co-governance will become the development direction for the digital asset trading platform industry.”

Bidding on BF Tokens is taking place from 12 p.m. to 5 p.m. Hong Kong time from July 27 to 30, with the final results being announced at 8 a.m. on July 31.

 

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Japanese Crypto Exchanges Push for Limit on Margin Trading Borrowing

A self-regulatory organization formed by cryptocurrency exchanges in Japan is proposing a limit on how much investors can borrow when margin trading.

According to a report from Jiji Press on Tuesday, the Japan Virtual Currency Exchange Association (JVCEA) has suggested domestic trading platforms enforce a restriction that investors can only borrow up to four times their deposit.

The JVCEA said the proposed plan aims to protect domestic investors because there are currently no market rules governing the upper limit of how much cryptocurrency investors can borrow in margin trading.

According to statistics released by Japan’s market watchdog the Financial Services Agency (FSA) in April, there were around 142,000 crypto traders focused on derivatives in 2017, comprising a small fraction of the total 3 million traders in Japan.

However, over 80 percent of the entire cryptocurrency trading volume in the country in 2017 came from derivatives trading, which recorded $543 billion last year. And more than 90 percent of that was from margin traders.

Formed by Japanese crypto exchanges in a response to a heist on the Coincheck platform early this year, the JVCEA seeks to impose self-regulatory rules in a bid to create a healthy cryptocurrency trading market. It is now planning to submit the proposal to the FSA to get the regulator’s endorsement for a potential wider implementation.

That said, the association indicated the new rule could lead to crypto investors’ departure from exchanges. As such, it aims to add measures gradually and would allow exchanges to independently set their own limits.

Japanese yen image via Shutterstock

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PR: Vaultbank to Bring Free Stock Trading with Margin, Top 20 Cryptos, 120+ Fiat Currencies

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

SAN FRANCISCO — Vaultbank announces the addition of free stock trading to its October Launch. This is in addition to crypto trading and issuance of security tokens. With all of these services on one platform, users will have a single platform solution to invest globally, trade digitally, and cash out locally.

The Vaultbank Platform is currently in beta testing. A tiered global rollout is scheduled to begin in October 2018. Prospective users are invited to join the waitlist on Vaultbank’s homepage at vaultbank.io.

Through this newly formed partnership, Vaultbank has built a solution for Retail and Hedge Fund investors allowing them to trade U.S. equity securities (NYSE, Nasdaq, OTC) that are priced greater than $1.00 per share. These customers will have the ability to trade on margin and access real-time market data, as well as the ability to short.

This partnership allows Vaultbank to utilize its existing broker dealer for equities trading. Vaultbank is in the process of obtaining its own licenses and approvals for the creation, sale, and trading of tokenized securities in addition to dozens of utility tokens.

Aaron Travis, COO of Vaultbank, shares: “The addition of traditional equity securities on our platform enables our customers to utilize a single platform solution for all of their investing needs. Whereas they would previously use 3-4 other platforms, the Vaultbank Platform will allow individuals from 120+ countries to fund their account with their native fiat, trade an array of digital assets, and cash out to their mobile wallet or bank account. This development is in line with our goal of being a leader in the convergence of traditional finance with the digital asset space through the use of blockchain technology.”

ABOUT VAULTBANK

Vaultbank
Vaultbank is a FinTech company innovating the convergence of two worlds – traditional investments and digital assets. Vaultbank utilizes blockchain technology to create, issue and trade financial instruments through a single platform. By providing the next generation suite of financial services, Vaultbank will allow for the buying, selling, and spending of cryptocurrencies, tokenized securities, and traditional equities on web-based and mobile platforms.

For more information visit: https://vaultbank.io

The Vaultbank Platform
The Vaultbank Platform intends to be one of the first platforms to compliantly facilitate the global trading of both utility and security tokens. Vaultbank has been working with regulatory agencies and other governmental bodies to acquire necessary licenses and comply with strict KYC/AML, FATCA and accreditation requirements in jurisdictions all over the world.

The VB Token
Vaultbank intends to generate profits and distribute dividends to VB Token holders. The VB Tokens represent partial ownership stakes in Vaultbank and its VB Fund and are backed by non-voting shares of Vaultbank held in equitable trust.

The Vaultbank Board of Directors
The Vaultbank Board of Directors includes former BlackRock CIO Ken Kroner, Chairman of the Board Austin Trombley, former Third Point Capital Partner Keri Findley, former MasterCard Head of Digital Commerce (MEA) Aaron Oliver, and Gyft co-founder CJ MacDonald.

MEDIA CONTACT: John Nahas – john.nahas@vaultbank.io – +1-818-438-9707

Disclaimer: Vaultbank refers to a group of companies that includes Vaultbanc Ltd., a Singapore public company limited by shares, and certain of its affiliates. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. Some of the statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include those relating to our expectations, estimates and intentions regarding our business and our industry, and are generally identified by the words “expects,” “intends,” “anticipates,” believes,” “plans,” “will be” and similar expressions. Readers are cautioned that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond our control. Other than as required by law, Vaultbank does not undertake any obligation to update or revise any forward-looking statements. Vaultbank is not a bank as defined under the Banking Act of 1933 or any other applicable law in the United States, Singapore or elsewhere.

Contact Email Address
alina.jais@vaultbank.io

Supporting Link
https://vaultbank.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Vaultbank to Bring Free Stock Trading with Margin, Top 20 Cryptos, 120+ Fiat Currencies


This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

SAN FRANCISCO — JULY 19, 2018  Vaultbank announces the addition of free stock trading to its October Launch.  This is in addition to crypto trading and issuance of security tokens. With all of these services on one platform, users will have a single platform solution to invest globally, trade digitally, and cash out locally.

The Vaultbank Platform is currently in beta testing. A tiered global rollout is scheduled to begin in October 2018. Prospective users are invited to join the waitlist on Vaultbank’s homepage at vaultbank.io.

Through this newly formed partnership, Vaultbank has built a solution for Retail and Hedge Fund investors allowing them to trade U.S. equity securities (NYSE, Nasdaq, OTC) that are priced greater than $1.00 per share. These customers will have the ability to trade on margin and access real-time market data, as well as the ability to short.

This partnership allows Vaultbank to utilize its existing broker-dealer for equities trading. Vaultbank is in the process of obtaining its own licenses and approvals for the creation, sale, and trading of tokenized securities in addition to dozens of utility tokens.

Aaron Travis, COO of Vaultbank, shares: “The addition of traditional equity securities on our platform enables our customers to utilize a single platform solution for all of their investing needs. Whereas they would previously use 3-4 other platforms, the Vaultbank Platform will allow individuals from 120+ countries to fund their account with their native fiat, trade an array of digital assets, and cash out to their mobile wallet or bank account. This development is in line with our goal of being a leader in the convergence of traditional finance with the digital asset space through the use of blockchain technology.”

ABOUT VAULTBANK

Vaultbank is a FinTech company innovating the convergence of two worlds – traditional investments and digital assets. Vaultbank utilizes blockchain technology to create, issue and trade financial instruments through a single platform. By providing the next generation suite of financial services, Vaultbank will allow for the buying, selling, and spending of cryptocurrencies tokenized securities and traditional equities on web-based and mobile platforms.

For more information visit: https://vaultbank.io

The Vaultbank Platform

The Vaultbank Platform intends to be one of the first platforms to compliantly facilitate the global trading of both utility and security tokens. Vaultbank has been working with regulatory agencies and other governmental bodies to acquire necessary licenses and comply with strict KYC/AML, FATCA and accreditation requirements in jurisdictions all over the world.

The VB Token

Vaultbank intends to generate profits and distribute dividends to VB Token holders. The VB Tokens represent partial ownership stakes in Vaultbank and its VB Fund and are backed by non-voting shares of Vaultbank held in equitable trust.

The Vaultbank Board of Directors

The Vaultbank Board of Directors includes former BlackRock CIO Ken Kroner, Chairman of the Board Austin Trombley, former Third Point Capital Partner Keri Findley, former MasterCard Head of Digital Commerce (MEA) Aaron Oliver, and Gyft co-founder CJ MacDonald.

MEDIA CONTACT: John Nahas –  [email protected] – +1-818-438-9707

Disclaimer:  Vaultbank refers to a group of companies that includes Vaultbanc Ltd., a Singapore public company limited by shares, and certain of its affiliates. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. Some of the statements in this press release may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended.  Forward-looking statements are statements that are not historical facts. These statements include those relating to our expectations, estimates and intentions regarding our business and our industry, and are generally identified by the words “expects,” “intends,” “anticipates,” believes,” “plans,” “will be” and similar expressions.  Readers are cautioned that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond our control. Other than as required by law, Vaultbank does not undertake any obligation to update or revise any forward-looking statements. Vaultbank is not a bank as defined under the Banking Act of 1933 or any other applicable law in the United States, Singapore or elsewhere.

 

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Kryll.io Automated Crypto Trading Strategies Platform Gets Listed on QRYPTOS


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Bitcoin Press Release: Kryll.io, the Automated strategies trading platform announced that its KRL token will be listed on popular cryptocurrency exchange QRYPTOS on the 18th of July 2018.

July 18th, 2018, Sophia Antipolis, France – Following a successful crowdsale in which the company raised over 3600 ETH. This news comes as the French startup is wiring up its product for a release in August 2018.

The Kryll.io token event recorded contributions of over 3600 ETH and over 24000 registrations.  Kryll will be listed on QRYPTOS on July 18th, 2018.

About QRYPTOS

QRYPTOS is QUOINE’s fully digital cryptocurrency exchange and trading platform launched in June, 2017.

QUOINE is a leading global fintech company that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Singapore, Japan, and Vietnam, QUOINE combines a strong network of local partners with over 250 years of combined team experience in fintech to deliver best in class financial services for its customers. QUOINE is the first global cryptocurrency exchange to be officially licensed by the Japan Financial Services Agency. More information is available at www.quoine.com

About KRYLL.IO

After a successful token sale early 2018, Kryll.io is completely focused on expanding the development team, launching Alpha version of its platform in August 2018, preparing for mobile apps in november and finally releasing a Beta version to the public by the end of the year.

Since 2009, Bitcoin and other cryptocurrencies enjoyed a phenomenal growth in terms of public interest and valuation. Holding investors, professional traders and hobbyists all beneted in their own ways from the amazing opportunities granted by this brave new world. Nevertheless, the trading game requires time, technical knowledge, analytical skills, discipline and proficiency using professional tools in order to achieve true success. Crypto traders without all of this missed opportunities or lost a chunk of their assets in the last few years.

Now that the Kryll.io platform enters the game, this is changing.

Kryll.io is the first intuitive platform to define powerful crypto trading strategies through a simple drag’n’drop editor. With our Wysiwyt™ (What You See Is What You Trade) flow-based technology Crypto traders are now able to build from basic to advanced automated trading systems in an intuitive way, no dev skills needed anymore!

Kryll.io provides logical operators, markets indicators, value triggers, enhanced technical analysis, media opinion mining and deep-learning predictions; all this will help your to create automated winning strategies. Benchmark your strategies through real-time sandboxes and massive Kryll.io back-testing capabilities, share with the community, enjoy user-generated content.

Visit the Kryll Official website – https://kryll.io
Find on Facebook – https://www.facebook.com/kryll.io
Join Telegram Channel – https://t.me/kryll_io
Follow on Twitter – https://twitter.com/kryll_io
Watch on YouTube: https://www.youtube.com/watch?v=M4aIXGM775I