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  • AscendEX Lists Sentinel Token (DVPN)

    AscendEX Lists Sentinel Token (DVPN)

    AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, will be announcing the listing of Sentinel token (DVPN) under the pair USDT/DVPN on July 13 at 1 p.m. UTC.

    Sentinel is a network of nodes that share their bandwidth, on which Decentralized VPNs (dVPNs) and other similar services are built. The Sentinel ecosystem aims to empower universal access to the internet in a trusted and provable manner. This will be done by allowing organizations and individuals around the world to construct cost-effective, scalable, distributed, and decentralized networking solutions on Sentinel’s Cosmos-based blockchain.

    The underlying utility of the Sentinel native token revolves around a few core functions; It operates as a governance and staking token, it can also be used as a payment medium for dVPN subscriptions and Advanced dVPN Services.

    Sentinel has several upcoming development milestones in 2021 to highlight. These include the launch of a new desktop client, the launch of the latest android and iOS clients, the launch of their hardware node, the monetization of the network, and the launch of their white-label SDK. These are critical milestones  because they will create a robust environment for the network to expand and diversify users’ opportunities to participate in the network.

    The Sentinel team is comprised of a diverse group of highly qualified, dedicated individuals with technical, financial, economic, and social expertise from many different countries. The team brings rich experience from working in the crypto industry and is prepared to handle any roadblocks or obstacles that surface to ensure the project’s success.

    About AscendEX 

    AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

    AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. 

    To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

    For more information and updates, please visit:

    Website: https://ascendex.com
    Twitter: https://twitter.com/AscendEX_Global
    Telegram: https://t.me/AscendEXEnglish
    Medium: https://medium.com/ascendex

    About Sentinel

    Sentinel is a network of nodes that share their bandwidth, on which Decentralized VPNs and other such services are built. The purpose of the Sentinel ecosystem is to empower universal access to the internet in a trusted and provable manner. This will be done by allowing organizations and individuals around the world to construct cost-effective, scalable, distributed and decentralized networking solutions on Sentinel’s Cosmos-based blockchain.

    For more information and updates, please visit:

    Website: https://sentinel.co/   
    Twitter: https://twitter.com/Sentinel_co
    Telegram: https://t.me/sentinel_co
    Medium: https://medium.com/Sentinel

  • While Most Coins Trade Sideways, Two Crypto Outliers Rally Over 300% in the Span of a Month

    While Most Coins Trade Sideways, Two Crypto Outliers Rally Over 300% in the Span of a Month

    Key takeaways:

    • While most crypto assets trade sideways or even negatively over the last two months, Axie infinity (AXS) and Constellation (DAG) have their most successful months to date
    • Both coins had stellar performances, but keep in mind that quick rallies can often lead to even quicker corrections

    During the slow bear market of the last two months, most digital currencies have been slowly losing value or trading sideways. However, two coins have completely defied the latest trend and rallied towards their respective all-time highs.

    Axie Infinity (AXS) grows by leaps and bounds, up 422% over the last 30 days

    Axie Infinity is blockchain-powered trading and battling NFT-based online video game, developed by Vietnamese gaming studio Sky Mavis. The game makes use of Ethereum issued tokens AXS and SLP. As of June 2021, it has recorded $42 million in NFT sales, making it one of the most expensive NFTs collections.

    The price of AXS has exploded from $3.9 on June 14th, to ATH of $21.38 on July 12th. The price surge corresponds to Axie Infinity’s high DApp activity as the game generated $49.1 million in the last 30 days, making it more than three times as high as second-placed PancakeSwap (CAKE), according to Token Terminal data.

    Image source: Token Terminal

    Constellation (DAG) up by 322% following the launch of automated market maker Lattice Exchange

    To make a quick price recap, DAG traded at $0.0429 on June 14th. In less than a month it managed to achieve its ATH of $0.2442. Since then, the token has retreated by almost 30%, but still up more than 3x for the month.

    Constellation is a distributed network built to facilitate fast and scalable solutions for organizations that need secure data transfers and interoperability between devices. Constellation’s DAG token owes its meteoric month mostly to the rollout of the automated market maker Lattice Exchange that was built on Constellation’s network.

  • Ethereum Gas Prices Drop To Record Low

    Ethereum Gas Prices Drop To Record Low

    Key takeaways:

    • Ethereum fees drop to levels not seen since March 2020, the average gwei used for a single transaction is in the 15-30 range
    • The reason for low gas prices is not directly related to lower user activity, as arbitrage bots activity is getting moved off the main chain and the gas limit per block was raised

    During the bullish period, during the second half of last year and at the beginning of 2021, Ethereum gas prices were pushed to new highs. Since then, with the bearish market momentum at play, the transaction fees of the second-largest digital asset have reduced drastically.

    It costs 15-30 gwei to process a transaction on the network

    In a new report published by market research firm Coin Metrics, transaction fees on the Ethereum blockchain are now at their lowest. According to Coin Metric’s analysis, gas prices have broken below the level witnessed in March 2020, when gas prices were the cheapest previously.

    The gas fee is a phenomenon used to describe the amount paid for a transaction to be processed, which is usually expressed in gwei. Gwei refers to the cost expressed in ETH of making a transaction on the Ethereum network. Additionally, gwei is the smallest unit of Ethereum like what cents are to the dollar and satoshi are to Bitcoin.

    Image source: CoinMetrics

    According to recent details, the average amount of gwei required to process a transaction on Ethereum is in the 15-30 gwei range. This is significantly lower when compared to the gwei amounts during the bull period. Despite the fact that the fees have dropped considerably, some traders are still baffled as to why it costs as much as $8.15 to process a transaction on the blockchain compared to a $2.31 charged on June 26.

    The gas fees dropped even before the price of Ethereum took a tumble

    To determine the transaction fee, the total gas used is multiplied by gas price. It takes various amounts of gas to perform different activities on the Ethereum blockchain. The reason for vastly different gas prices is twofold. 

    The first factor is that sending Ethereum to a wallet address, making a transaction on a decentralized finance protocol, or bidding for an NFT on the network can require vastly different amounts of gas as these actions are very different in their complexity. Another factor is that the gas fees are not stationary as they increase and decrease depending on factors such as the number of people on the network. 

    Additionally, arbitrage bots, which have been responsible for high transaction fees in the past, have been moved off of the main chain. In April the gas limit per block was also raised, meaning more available transactions per block.

  • Nexo Wraps Up Strategic Investment in Yield Inc, Signals Vocal Support for DeFi Ecosystem

    Nexo Wraps Up Strategic Investment in Yield Inc, Signals Vocal Support for DeFi Ecosystem

    London, United Kingdom, 12th July, 2021,

    Nexo, the leading regulated institution for digital assets, has completed a strategic investment in Yield Inc, a company leading efforts to build the Yield Protocol – an Ethereum protocol that enables fixed-rate borrowing and lending by fostering the nascent DeFi bond market – as part of the company’s $10-million Series A funding round. Nexo aims to not only provide necessary funding but also to help Yield’s efforts to build DeFi native versions of traditional finance products.

    Nexo’s investment represents another important milestone on its strategic agenda. As the largest, retail-oriented lender in the digital asset space, Nexo pursues optimal operating and investment returns, but of equal importance to the company is the responsibility to invest in young and prospective Blockchain projects in order to help shape the ecosystem of tomorrow and influence the future generation of crypto visionaries. 

    The raised funding will further bolster Yield’s mission to make fixed-rate borrowing and lending a fundamental building block of decentralized finance. Yield recently began sharing details regarding version 2 of Yield Protocol’s core borrowing and lending platform, slated for release later this year. Nexo’s seasoned team of financial professionals and technology experts will be available to support Yield’s growth and development, and both teams will join efforts to contribute new standards of professionalism and institutionalization to the nascent DeFi industry.

    “Nexo and Yield could form the perfect symbiosis in the industry’s efforts to transform digital assets into a new asset class. While Nexo is a dominant factor in the traditional crypto-backed CeFi space, new business niches could be unlocked by Yield’s zero-coupon fixed-income instruments, dynamic interest rate determination across maturities, and innovative risk management” commented Tatiana Metodieva, CFA, Head of Corporate Finance at Nexo, who led the buy-side mandate. 

    “Nexo brings a unique perspective to Yield’s incredible team of investors and advisors. Nexo understands both traditional crypto-backed CeFi, but also understands what it means to be a DeFi power user. We are thrilled to have their help as we launch version 2 of the Yield Protocol and begin to build a community around fixed-rate, fixed-term borrowing and lending products,” commented Allan Niemerg, CEO of Yield, Inc. 

    About Nexo

    Nexo is the world’s leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn on Crypto & Fiat suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $30+ billion for 1,500,000+ users across more than 200 jurisdictions.

    Official website: https://nexo.io

    About Yield

    Yield is on a mission to make fixed-rate borrowing and lending a fundamental building block of decentralized finance. Yield was the first to launch fixed-rate, fixed-term borrowing and lending on Ethereum, and has pushed forward the state of the art in on-chain financial products and automated market makers. Founded in 2020, Yield is a global, remote-first team committed to building decentralized protocols that empower users to control their financial future.  

    Official website: https://yield.is

    Contacts

    Nexo PR

    • PR Team
    • Nexo
    • pr@nexo.com
  • Top 3 Coins to Watch – Week 28

    Top 3 Coins to Watch – Week 28

    Comparing the total cryptocurrency market valuation of $1.42 trillion at the end of Week 27 to the one at the start of the week ($1.5 trillion) shows that there were on average no bigger moves throughout the week. Bitcoin, the barometer of the cryptocurrency space behaved in a similar manner, ending the week at an almost the same valuation as it has started the week – $34.500. Do you think that we will see bigger moves in Week 28? If this is the case, which coins or tokens are more likely to appreciate? Find out more in this week’s selection of top 3 coins to watch.

    1. Crypto.com (CRO)

    Crypto.com is a Hong Kong-based crypto debit card issuer and cryptocurrency exchange, which aims to increase the usage of cryptocurrency as a payment method for everyday purchases. The company started out under another name – Monaco. Monaco conducted a token sale between May and June of 2017, which raised a total of $26.7 million. The platform’s native CRO token offers discounted fees on the exchange, higher earnings on Crypto Earn, loans with low annual interest as well as 100% rebates on streaming services (Spotify, Netflix, Amazon Prime) for the Crypto.com’s card subscribers.

    Buy/Sell CRO

    Crypto.com Signs a $175 Million Sponsorship Deal with the UFC

    Cryptocurrency platform Crypto.com revealed on July 7 that they have established an important partnership with the UFC (Ultimate Fighting Championship). According to sources familiar with the deal, Crypto.com cashed out $175 million, for being featured on fighter kits, canvases and in the octagon. In addition, Crypto.com will become the UFC’s official “Cryptocurrency Platform Partner”. The deal was signed for 10 years. UFC debuted the Crypto.com-themed clothing at the UFC 264 Poirier vs. McGregor ceremonial Weigh-Ins.

    Besides that, Crypt.com is present in pretty much all sectors of the cryptocurrency industry. It offers a cryptocurrency exchange, has crypto payment processor, an NFT platform and issues Visa cards for spending cryptocurrency balances with an up to 8% cashback in CRO token on credit card purchases (for comparison American Express only offers 1% cashback). The CRO token is currently trading at $0.128 and is up by more than 8% in the last 7 days and 9.5% in last 1 month. Throughout both periods CRO outperformed both ETH and BTC. Crypto.com platform userbase exceeded 10 million in February and with the UFC deal, the userbase is poised to grow further. We believe that CRO could easily climb back above $0.20.

    2. Cardano (ADA)

    Cardano is a decentralized blockchain platform focused at creating a smart contract-enabled environment, on which developers can build decentralized applications. Cardano utilizes a Proof-of-Stake consensus model and aims to provide a more sustainable, scalable, and transparent operation compared to other smart contract blockchains. The project was started by Charles Hoskinson, a mathematician, who was once part of the Ethereum developer team, in 2017. The team raised $62.2 million for project’s development through an ICO. The development of the project is now overseen by three main organizations, the IOHK, Cardano Foundation and Emurgo. Hoskinson and IOHK stive to follow the principles of academic peer review in the project’s development process. The native asset of the Cardano blockchain is called ADA, but previously this year, the project rolled-out an update, which enabled support for other Cardano-native tokens as well.

    Buy/Sell ADA

    Grayscale Investments adds ADA to its Digital Large Cap Fund

    The developers of Cardano, one of the most actively developed cryptocurrency projects, are not resting even during the summer. The global blockchain development company that stands behind the project Input Output Hong Kong (IOHK) keeps announcing strategic partnerships by which Cardano is increasing its presence in different sectors of the cryptocurrency industry as well as increasing ADA’s utility. Last week, IOHK announced a partnership with a cryptocurrency lending platform Nexo, that will allow ADA holders to trade, borrow, and lend crypto on the Nexo Exchange. Perhaps another confirmation that Cardano is on the right path is that the major crypto asset management firm Grayscale Investments has included ADA in its Digital Large Cap Fund. The famous asset manager has reduced the share of Bitcoin in the Digital Large Cap Fund from 79.8% to 67.47% to add ADA, which now represents 4.26% of the fund, as well as increase its ETH exposure. The readjusmtents were part of the regular qarterly rebalancing.

    Nevertheless, some observers have exposed the fact that Cardano adoption is failing to meet the Charles Hoskinson’s optimistic predictions as the blockchain’s founder forecasted in 2020 that there will be 100s tokens and 1000s dApps running on Cardano blockchain in one year’s time. The reality is a bit different though, as the Cardano still has not deployed the smart contract functionality. Hoskinson responded to the criticizm saying that those who don’t see the progress since last year haven’t been paying attention. In addition, the Alonzo upgrade that will bring the smart contract functionality to the Cardano blockchain is set to start rolling out soon. From a technical standpoint, however, ADA is not doing great as it recently dipped below the ascending channel’s support line on the ADA/BTC graph. Will we have to wait for the Alonzo upgrade to reverse the downward trend?

    Cardano (ADA) dipped bellow the support line on the ADA/BTC trading pair. Therefore, technical analyst YokoCrypto believes ADA is headed to further lows. (Source: YokoCrypto)

    3. Band Protocol (BAND)

    Band Protocol is a cryptocurrency oracle solution that aims to establish a standard framework for the collective data curation. This reliable and trustless data sources (oracles) can then be used to feed the codes of various decentralized technology protocols and blockchain applications. 

    Buy/Sell BAND

    Band Mainnet Network to Upgrade to Phase 2 on July 13     

    Developers of the Band Protocol have announced that the Band protocol mainnet will be upgraded from Phase 1 (GuanYu) to Phase 2 (Laozi) at block 7486289. This is expected to occur at 11:00 am UTC on July 13. However, the Phase 2 (Laozi) chain will only go live 6 hours after the upgrade completes, meaning that the BandChain network will be down for around 6 hours. Most of the exchanges have opted to disable BandChain token deposits and withdrawals during this period. Nevertheless, the BAND ERC-20 token will function as normal. The highly anticipated upgrade will introduce streaming revenue for data providers, an Inter-Blockchain Communication Protocol (IBC protocol) to boost cross-chain compatibility and optimized network throughput. Once the Phase 2 is fully deployed, users will be able to access their holdings via the same wallets, private keys, and mnemonics. 

  • EU Will Create a New Regulatory Body to Oversee “Dirty Money” and Unlawful Crypto Transactions

    EU Will Create a New Regulatory Body to Oversee “Dirty Money” and Unlawful Crypto Transactions

    Key takeaways:

    • European Union plans on creating a new European-wide agency to combat money laundering and financing of terrorism activity
    • The new rules will encompass digital currencies and traditional money transfers
    • Crypto exchanges will be required to disclose their users’ information to relevant local authorities

    Bitcoin and other digital assets have always been seen as a good albeit a bit risky investment class. This is mostly because the amount of profit that the crypto assets can potentially generate trumps more conventional trading opportunities. Despite the crypto industry’s best effort to self-regulate and to cooperate with government officials, some experts and financial agencies remain skeptical about digital assets.

    Most of the blame for the current situation falls on various bad actors in the cryptocurrency sphere, who have taken advantage of the opportunity brought on by the quickly growing sector to spread false promises and employ predatory business models. To combat this and other potentially detrimental practices across the crypto industry, the European Union has announced that it is looking to set up a new body that will enforce stricter rules when overseeing crypto-related activities.

    The EU wants details on traders using crypto

    As per the EU’s statement, the new regulatory body will be checking for potential money laundering schemes and investigate suspicious dirty money activities. As reported by Reuters, the EU will eventually start instructing crypto exchanges to provide the relevant local authorities with details on individuals carrying out a transaction on their platform.

    According to the report, the new EU rules do not explicitly stipulate that transfers of digital assets should be reported. However, as shared by Reuters, the new document said that the absence of rules in the sector could open up crypto traders to the risk of being associated with money laundering and terrorism financing. 

    To put the plan into action, the executive arm of the EU, the European Commission, would see to it that the new Anti-Money Laundering Authority is created. The document also mentioned that the new authority would work hand in hand with national agencies to prevent crimes in the sector.

    The European Union wants to eliminate the potential of digital currencies to be used for money laundering

    The reason why the creation of the new body was proposed in the first place was because Danske Bank, one of Denmark’s biggest banks, popped up on the radar of European authorities for money laundering charges. The bank processed approximately $227 billion of suspicious transactions from 2007 to 2015 through one of its smallest branches located in Estonia.

    Even though the bank didn’t use digital assets, the EU nevertheless feels that the use of digital assets for such crimes is not far-fetched. Since the union currently lacks the European-wide authority to enforce the laws against the so-called dirty money, the officials came under pressure to create a new initiative to combat money laundering.

    “By directly supervising and taking decisions towards some of the riskiest cross-border financial sector obliged entities, the Authority will contribute directly to preventing incidents of money laundering/terrorist financing in the Union.”

    – Excerpt from the EU document.

    At the moment, the EU does not have direct power to stop the circulation of dirty money, instead, it relies on member states to do their part.

  • Hundreds Of Bitcoin Casinos Have Launched In The Last Two Years

    Hundreds Of Bitcoin Casinos Have Launched In The Last Two Years

    It’s fair to say that cryptocurrencies have had a strange year. At one point, Bitcoin increased to over $60,000 and then dropped to half of its value, and that’s before we consider the rollercoaster ride we have taken with Dogecoin and NFT.

    Throughout all of this uncertainty, there is an industry that has been on a steady ascent, one that is becoming more and more reliant on cryptocurrencies and the opportunities that it provides.

    That industry is online gambling, and it’s taking advantage of the increasing player familiarity with the wide range of alt coins being traded every day.

    The Rise of Bitcoin Casinos

    According to a major Bitcoin casinos review site, there are currently over 370 online casinos that accept Bitcoin. And that’s just scratching the surface, as it only includes the sites that are licensed by major regulators, and it overlooks the many Bitcoin casinos that have come and gone over the last decade or so.

    It’s quite an impressive number when you consider that some regulators, including those in the United Kingdom and Sweden, don’t look too fondly upon cryptocurrency casinos. 

    What’s even more impressive is that these numbers are beginning to outnumber non-cryptocurrency casinos outside of the UK and Sweden.

    It’s indicative of just how quickly these digital coins have been embraced in the online gambling industry and it bodes well for the future, one that could see every legitimate online casino accepting cryptocurrencies.

    The Benefits of Bitcoin Casinos

    Bitcoin casinos make life easier for players everywhere. It means that crypto investors can use their favourite digital assets to gamble on online slots and table games. In many cases, they can also be used to place sports bets. 

    From an investment standpoint, it’s something that could generate millions of dollars’ worth of daily Bitcoin transactions while also forcing more merchants to accept them.

    It has been estimated that the global online gambling industry is worth nearly $80 billion a year, and that’s just the beginning. It’s one of the fastest-growing industries in the world right now and it could be set to explode in the next few years.

    Latin America has recently taken huge strides towards accepting online gambling companies and it’s expected that the United States will follow suit in the next decade or so. It creates endless opportunities for Bitcoins and alt coins and could also facilitate the creation and growth of coins developed specifically for the online gambling sector.

    What’s more, as diehard fiat currency gamblers start learning about crypto gambling and the many benefits that it provides (faster payments, less verification), they could make the switch.

    The more people that invest in cryptocurrencies and use these coins to gamble with, the higher the price will climb, and that’s great news for everyone.

    The Downsides of Bitcoin Casinos

    There are a few issues with Bitcoin casinos, and it’s these issues that are keeping the UK Gambling Commission at arm’s length.

    Their biggest concern is that these coins can be used to launder money. They could also be used to gamble by people outside of legal gambling regions. It creates problems with fraud, problem gambling, and even underage gambling. As the industry moves to a faster and more convenient place, all of these requirements are being overlooked and that’s worrying the industry’s biggest regulators.

    From an investment point of view, however, none of these really matter. It’s not going to hurt Bitcoin’s price over the long-term, and it’s highly unlikely that regulators in Curacao and Malta (where the biggest crypto casinos are based) will turn their backs on these currencies. 

    After all, they do what the players want, and as proven by the statistics at the outset of this guide, players clearly have an appetite for Bitcoin casinos.

    There are also plenty of ways around these issues. Casinos can implement verification procedures to confirm that the player is who they say they are and resides in a legal gambling territory. Such procedures are already being used by the biggest and best cryptocurrency casinos and they are helping to eliminate underage gambling, money laundering, and illegal gambling.

    It’s important to remember that the cryptocurrency gambling sector, like cryptocurrencies in general, is still in its infancy. It has a long way to go and a lot to learn, but it has come a very long way in the last few years and if that pace continues, it will have some exciting things in store for us in the next half-decade or so.

  • Now You Can Stake & Trade Your Ether Earning 8.55 APR

    Now You Can Stake & Trade Your Ether Earning 8.55 APR

    Are you tired of 0% interest on your fiat currency savings? Join the most significant cryptocurrency upgrade and earn up to 8.55% annualized reward rate (APR) for your deposit.

    Ethereum 2.0 upgrade is the next big thing in crypto. The second-largest cryptocurrency is migrating from the energy-consuming proof-of-work (PoW) to a much more efficient proof-of-stake (PoS). Under PoS, you lock funds used for validating transactions, and you earn interest rates as a reward.

    You can stake your ETH, become a validator, and earn high interest on your deposit. Holding ETH this year might be a good idea, as analysts expect the Ether price to soar in case of a successful upgrade. Staking is becoming more and more popular as validators can earn up to 8.55% APR. No wonder over $13 bln worth of ETH has been staked as ETH 2.0 already.

    However, not everyone can run a validator node. You need 32 ETH at minimum (over $71k), deep knowledge of the Ethereum network, and your infrastructure.

    It’s much easier to join SimpleFX Stake & Trade. It’s a unique staking pool service, where you can invest the frozen funds. Stake your ETH today. The earlier you do it, the higher the reward.

    Here’s what you get with SimpleFX Stake & Trade:

    • No fees and no minimum deposits
    • Stable Interest Earnings from your ETH deposit
    • ETH 2.0 offers a high APR
    • Profit from the rising Ethereum price
    • Use the staked funds for trading.

    Invest your staked coins. Trade stocks, forex, gold, crypto. Hedge your ETH 2.0 funds with bright leveraged shorts. Staking your Ether, you make a profit while helping the ETH community secure the network and run a historic cryptocurrency upgrade. 

    200-times cheaper than traditional Ethereum transfers

    Tired of paying high fees for your BTC or ETH transfers? We’ve got you covered! Our engineers have just integrated Binance Smart Chain (BSC) payments for ten new cryptocurrencies. 

    Open the following accounts and enjoy BSC payments that cost $0.25 per transaction instead of $50 using traditional Ethereum ETC20 tokens:

    BTC – Bitcoin

    ETH – Ethereum

    LINK – Chainlink

    LTC – Litecoin

    BCH – Bitcoin Cash

    ZEC – Zcash

    ETC – Ethereum Classic

    DAI – Dai

    DOT – Polkadot

    XRP – Ripple

    BAND – Band Protocol

    XTZ – Tezos

    ONT – Ontology

    ADA – Cardano

    ATOM – Cosmos

    YFII – yearn.finance

    EOS – Eos

    The transaction cost is very affordable. Here are the SimpleFX payments time and fees estimations for BSC and ETH Networks for May 2021:

    BEP-20ETC-20
    Depositfreefree
    USDT Withdrawal$0.25$50
    Deposit confirmation time1 min15 min

    Binance is one of the significant cryptocurrency exchanges, and they are developing their payments ecosystem to help their customers make cheaper and faster transfers. Read more about BSC and how to use it in our separate blog post.

    About SimpleFX

    SimpleFX is a renowned trading app that has been in business since 2014. Was one of the first brokers offering cryptocurrency accounts. You can sign up for Bitcoin, Ethereum, Binance Coin accounts with just an email. 

    The broker’s agile team is improving its tools constantly. Recently they have created a native HarmonyOS app for Huawei users.

    SimpleFX purpose is to provide the easiest way to trade globally. SimpleFX is mobile-first, but you can use the same app across all devices. Trade with SimpleFX WebTrader, native iOS, Android, or Huawei app or MetaTrader4.

    Their team is always up to date with the newest cryptocurrency trend. They offer the lowest transfer fees available; that’s why they have recently introduced Binance Coin, Binance USD, and the fastest and most economical Binance Smart Chain. 

    If you’d like to trade a stock or any other asset they still don’t have in their offer, give them a shout, and chances are they are already working on it; if not, they will include your proposition in the products roadmap.

    Wall Street has zero control over them. Sign up with an email address, make a deposit, and cash in profits.

    Using just your email address, you can also become a SimpleFX affiliate. You don’t need to deposit a single cent to start earning lifetime revenue share (up to 30%) from your referral links.

    Sign up to SimpleFX with an email, give it a try, and ride the ever-exciting global financial markets.

    Here’s why SFX is the best trading app:

    • no ID verification for cryptocurrency accounts. Sign up with e-mail
    • Invest Bitcoin, Ethereum, Tether, Binance Coin, and more (22 cryptocurrency accounts)
    • No minimum deposits
    • No fees
    • Up to 50x leverage on stocks $1,000 depo = $50,000
    • Up to 500x leverage on Forex $1,000 depo = $50,000
    • Reputable – over seven years in the market
    • Global reach – check out for your local currency (over 20 fiat currencies)
    • Great support English, Spanish, Portuguese and more (probably in your language)
    • SimpleFX is independent and not controlled by Wall Street
    • Active development team willing to add new features especially for you
    • Frequently updated WebTrader (working in every browser), native iOS and Android apps 
    • The most efficient cryptocurrency payments. Binance Smart Chain (BEP-20) fast transfers with super low fees (100 times lower than Ethereum ERC-20)
    • Stake & Trade – earn 8.55% annual interest on your ETH 2.0 deposit. Trade with your frozen money.
  • DeFi & CeFi full aggregator OpenOcean aggregates Polygon to expand its trading universe

    DeFi & CeFi full aggregator OpenOcean aggregates Polygon to expand its trading universe

    Tortola, British Virgin Islands, 9th July, 2021,

    OpenOcean, a pioneering DeFi & CeFi full aggregator that supports interoperability across multiple networks, is delighted to announce the aggregation of Polygon to expand its trading universe and offer users the best prices with low slippage.

    The decision to aggregate Polygon was influenced by the community. When OpenOcean asked its community which network they wanted to see aggregated next, a  staggering 48.7% of the 44K+ votes were for Polygon, far more than any other network.

    Commenting on Polygon aggregation, OpenOcean co-founder Cindy said: “We have come to learn that our DeFi users and traders have a strong preference for us to aggregate more open and powerful Ethereum-compatible blockchain networks that offer cheaper and faster transactions.”

    Polygon is a protocol and a framework that overcomes the inherent issues of Ethereum such as slow speeds and high gas fees without sacrificing on security. 

    OpenOcean’s aggregation protocol sources liquidity and optimizes trades on DeFi and CeFi across major public blockchains such as Ethereum, Binance Smart Chain, TRON, Solana, and more. 

    Following the Polygon aggregation, traders will be able to use OpenOcean’s one-stop trading platform to source liquidity from Polygon exchanges and trade assets at the best prices and low slippage.

    OpenOcean plans to organize trade mining to encourage users to transact on Polygon. It will be offering 100,000 of its native OOE tokens for those users who make transactions on Polygon via OpenOcean in the following 2 weeks.

    In the coming weeks, OpenOcean will release cross-chain aggregations that enable users to trade and transfer assets across different chains and pairs. The transfer of assets between different public chains is possible through bridges and cross-chain protocols, such as Matic Bridge V2.

    About OpenOcean

    OpenOcean is the world’s leading full aggregator that serves as a bridge connecting the isolated islands in the currently fragmented DeFi and CeFi markets. It finds the best price, no additional fees, and lowest slippage for traders on aggregated CeFi and DeFi using a deeply optimized intelligent routing algorithm. The platform also provides API and arbitrage tools for users to do arbitrage transactions automatically. 

    Besides the aggregation of swaps, OpenOcean will continue to aggregate derivative, yield, lending, and insurance products and launch its own combined margin products and intelligent wealth management service. 

    For more information, please visit: https://blog.openocean.finance/

    For media inquiries: contact@openocean.finance

    Stay Tuned:  Website   |   Twitter   |   Telegram   |   Discord

    About Polygon

    Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component Polygon SDK is a modular and flexible framework that supports building and connecting Secured Chains such as Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS. 

    Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~350M transactions and ~1.5M+ unique users.

    Stay Tuned:   Website   |   Twitter   |   Reddit   |   Discord   |   Telegram

    Contacts
    • Phoebe
    • contact@openocean.finance