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  • BigoMex Review: A Beginner-Friendly Contracts Trading Exchange

    BigoMex Review: A Beginner-Friendly Contracts Trading Exchange

    Cryptocurrency derivatives trading has exploded in popularity among crypto traders. Crypto contract trading platforms give traders the potential to turn a profit regardless of which direction the market is going – if they predict correctly, of course.

    In this article, we will be checking out BigoMex, a crypto contracts platform based in Singapore. BigoMex is designed with a focus on providing a user-friendly experience, and requires no personal information from traders. Before we continue and take a closer look at everything that BigoMex has to offer, let’s quickly run through some of the exchange’s main features:

    Key BigoMex features:

    • 23 supported cryptocurrencies
    • Demo trading and tutorial
    • Friendly user interface
    • Up to 100x leverage on certain coins
    • Referral program

    BigoMex features review

    As we’ve mentioned above, BigoMex is a crypto contracts exchange. Users can speculate on 23 different cryptocurrencies through CFDs, which allow for high leverage of between 10x and 100x. When trading with leverage, users can enter a large position while only providing a small amount of capital as margin. This has the potential to amplify both gains and losses, so traders have to be careful and set stop loss and take profit levels. Now that we know the very basics of what BigoMex is about, let’s take a closer look at the platform.

    User interface and trading

    It’s pretty clear that BigoMex is primarily designed to provide an effortless trading experience for users of all experience levels. The registration process is extremely quick, as BigoMex requires no KYC and offers 3 different ways of registering an account – phone number, email and Facebook.

    After creating an account and logging in, users are greeted with a very straightforward interface. Users can select which cryptocurrency they want to trade, and whether they want to go long (they think the coin will increase in price) or short (they think the coin will decrease in price).

    Then, users have to select how much margin they want to use, which is the amount of capital they want to commit to the trade. Of course, since BigoMex is a leverage trading platform, the next step is to select the leverage. The leverage limits on BigoMex are set at 10x on the low end and 100x at the high end. However, 100x leverage is not supported on all the cryptocurrencies listed on the platform.

    Before entering the position, users have to select their stop loss and take profit levels, which is very important when trading with leverage. Successful trades will be closed at the take profit in order to secure profits, while unsuccessful trades will be closed at the stop loss level in order to prevent further losses.

    Overall, BigoMex provides a very familiar experience for anyone who’s ever used a cryptocurrency exchange, and will also be easy to learn for completely new users.

    Supported cryptocurrencies

    On BigoMex, users can trade 23 different cryptocurrencies, which is a very solid number for a cryptocurrency derivatives platform. Of course there’s Bitcoin and Ethereum, but the platform also supports practically all of the most relevant altcoins – Cardano, XRP, Polkadot, Chainlink and similar coins can also be traded. Among the most popular cryptocurrencies, Binance Coin is a notable omission.

    All contracts listed by BigoMex are denominated in the USDT stablecoin. However, it would be nice to also have some popular crypto/crypto pairs, for example BTC/ETH.

    BigoMex fees and limits

    It’s possible to trade on BigoMex with a margin as low as 2 USDT, which means that the platform is accessible for both beginners and advanced users.

    BigoMex does not charge a fee for opening a trading position. Instead, a 0.1% fee is charged when a position is closed.

    After entering a trading position, users need to pay a fee in order to continue holding the position overnight. In the case of BigoMex, this overnight fee is charged at midnight (Singapore time). When entering a position, users can select whether they want to hold the position overnight or not.

    For up-to-date information about the fees on BigoMex, make sure to check the exchange’s fee schedule.

    Deposits and withdrawals

    Users can deposit Bitcoin, Ethereum, XRP, TRX or the USDT stablecoin to fund their BigoMex accounts. If depositing cryptocurrencies other than USDT, the funds are automatically converted to USDT. BigoMex does not charge fees on deposits.

    At the moment, BigoMex only supports withdrawals in the USDT stablecoin, with the minimum withdrawal being set at 30 USDT. BigoMex charges no withdrawal fees on USDT when using the TRON blockchain. However, users do have to pay a withdrawal fee if they want to withdraw USDT on the Omni or Ethereum networks.

    Demo trading

    BigoMex has implemented a demo trading mode, which is a very good feature and will help clear up some of the confusion users have when trading crypto contracts. Through the demo mode, users can perform virtual trades at zero risk, and get familiar with the platform’s functionality. Demo trading is a feature that’s not implemented by many cryptocurrency contract trading platforms, so this is definitely a point in BigoMex’s favor.

    bonus

    Bonus package

    BigoMex has set up a bonus package where users can earn a trading bonus of up to 268 USDT. After the bonus is earned, it can be used to effectively deduct the margin when opening a position. Users can get a small bonus if they connect their phone or email to their BigoMex account, but the bonus package is primarily designed to reward active traders. As users reach more trading volume on BigoMex, they earn progressively bigger bonuses, and can earn up to 268 USDT  in total.

    The exchange also features a mini-game called Captain Miner, where users can “mine” small amounts of USDT 4 times per day. Users with higher deposits and trading volume will be able to earn more rewards through the Captain Miner game.

    Referral program

    BigoMex offers a referral program where users can earn some extra money by inviting new users to the platform. Users who join through a referral link get a bonus of 5 USDT. If you successfully invite a user, you also get a 5 USDT bonus as well as a portion of the trading fees that they pay when trading on BigoMex. This rebate starts at 10% at the lowest tier and goes up to 70% at the highest tier.

    Mobile app

    These days, a mobile app is a must-have for a cryptocurrency exchange, and BigoMex has its users covered on this front. The platform offers a mobile application for Android as well as iOS. BigoMex is a relatively straightforward trading platform, and the mobile app covers most of the features that are present in the desktop version. The mobile version features the same cryptocurrencies and leverage as the desktop BigoMex platform.

    The bottom line

    BigoMex delivers a clean user interface and a nice range of cryptocurrencies available for trading – combined with the built-in demo mode, BigoMex is a solid choice for traders of all experience levels. Most cryptocurrency fans also value their privacy, so the ability to trade without KYC will certainly be attractive for some users. For those that enjoy trading on BigoMex and use the platform actively, the referral program and bonus package will also be welcome perks.

    However, BigoMex can still make some improvements to take the platform to the next level – we would like to see the option to trade crypto/crypto pairs, as well as the ability to use less leverage than 10x.

    Sign up HERE for 5 USDT !

  • Zeitgeist Emerges from Stealth and Closes $1.5M Seed Round to Build Prediction Markets on Kusama and Polkadot

    Zeitgeist Emerges from Stealth and Closes $1.5M Seed Round to Build Prediction Markets on Kusama and Polkadot

    Berlin, Germany, 25th March, 2021,

    Industry Veterans Team Up to Develop Prediction Market Ecosystem

    Zeitgeist, the company developing a prediction market platform launching exclusively on the Kusama network, announced the completion of a $1.5M seed round. Included in the round were D1 Ventures, Genblock Capital, AU21 Capital, Digital Renaissance, A195 Capital, Four Seasons Ventures, Brilliance Ventures, BlockSync Ventures, co-founders of Acala, and an individual from Web3 Foundation. The funding will be used to accelerate the development of the Zeitgeist network, a hub and ecosystem for Web3 prediction markets.

    “Prediction markets are powerful mechanisms for aggregating information and improving decision making, and Zeitgeist puts that power into the hands of more people to drive mainstream adoption,” says Logan Saether, Zeitgeist’s Founder and CEO. “We have an experienced team who understands how to deliver on the promise of prediction markets, and we’re thrilled to have such an amazing group of investors backing Zeitgeist.” 

    Along with the core function of prediction markets, Zeitgeist is also innovating in the realm of on-chain governance. Specifically, Zeitgeist will implement a form of governance based on prediction markets called futarchy. Futarchy uses the signals gained from the data aggregation property of prediction markets to make better decisions over the evolution of the network.

    “The concept of Futarchy goes hand in hand with the ethos and on-chain governance capabilities of the Kusama ecosystem,” said Tamara Frankel, founding partner of D1 Ventures. “I’m an avid user of prediction markets on Ethereum, and it’s exciting to imagine the possibilities within the Kusama and greater Polkadot ecosystems.”

    “The world hasn’t yet seen a base layer blockchain that focuses on prediction market primitives. We’re really so excited to help create the platform for thousands of new prediction markets and fun experiments on Kusama to happen.” said Chris Hutchinson, Chief Marketing Officer at Zeitgeist. Ruitao Su, co-founder of Acala and an individual investor in Zeitgeist, shares his enthusiasm, “I am super excited to back another specialized network in the Kusama and Polkadot ecosystem. Zeitgeist is a network purposely built for prediction markets. I can’t wait to explore the new possibilities enabled by Zeitgeist – low transaction costs, seamless access to parachain assets such as the Karura Dollar (kUSD) or Acala Dollar (aUSD), forkless upgrades, and so much more.”

    The company, which has been in active development for several months while in stealth, was officially unveiled earlier this month.

    Anson Lau, who previously worked with members of the Zeitgeist team at the Web3 Foundation, and is assisting Zeitgeist with its China strategy, said, “Backing the brightest people that I worked with in the past is a no-brainer. Zeitgeist enables many use-cases that no one is working on in the Kusama and Polkadot ecosystem. I am looking forward to helping drive their mission into reality.”

    Bilal Junaid, Founder of Genblock Capital, says “We have followed or invested in the prediction market space for a long time, from Augur, Gnosis, Polymarket and others. Zeitgeist aims to be the leader in this space in the Kusama and Polkadot ecosystem, and we are excited to back this talented team to build out this vision.” Yin Cao, Co-Founder of Digital Renaissance agrees, “As an active user of various prediction markets and a deep participant in lots of DAOs, I am extremely pleased to see that the Zeitgeist team can apply the prediction market to enable a true decentralized governance, which is even beyond my previous imagination of the DeFi boundary.”

    “I’ve been building and deploying prediction markets for 15 years,” says David Perry, Chief Information Officer at Zeitgeist, “and I am overjoyed to be collaborating with this incredible group of investors to grow the Zeitgeist team, build amazing products, and launch the prediction market ecosystem on the Zeitgeist network.”

    Interested in supporting Zeitgeist in the future, or following along for updates? Subscribe to the newsletter to be kept in the loop.

    About Zeitgeist

    Zeitgeist is an evolving blockchain for prediction markets and futarchy, the future of governance. Zeitgeist is built for the Polkadot and Kusama ecosystem and envisions itself as a hub and ecosystem for prediction markets on Web3. At the core of Zeitgeist is an open platform that is built with Polkadot’s blockchain framework, Substrate. Zeitgeist’s goal is to deploy as a parachain on Kusama in late 2021. Stay on the watch for the upcoming announcement and public release of our testnet, Battery Park, with an incentivized testnet program. The best way to stay informed is by subscribing to our newsletter, joining our Discord server and following our socials.

    Visit the Zeitgeist website for more information and updates.

    About Prediction Markets

    Prediction markets are speculative markets intentionally constructed to be information machines. They work by collecting information from participants and producing accurate predictions about future events. For a given event, investors purchase ‘yes’ or ‘no’ contracts depending on their belief about that event, and the price represents the probability of the event taking place. When compared with methods like opinion polls, focus groups, and expert opinions, prediction markets have demonstrated that they produce estimates which are at least as good, if not substantially better than, these alternative mechanisms.

    Contacts
    • Marketing
    • info@marketacross.com
  • Bitcoin Breaks Key Resistance As Ethereum Market Reaction Balance Out

    Bitcoin Breaks Key Resistance As Ethereum Market Reaction Balance Out

    Konstantin Anissimov, Executive Director at CEX.IO

    Bitcoin (BTC) and Ethereum (ETH) are both paring off losses from the frightening dips experienced yesterday, as the market received a new rejuvenation. Bitcoin that traded as low as $53,827 in the past 24 hours is now up by 4.4% to $56770 per data adapted from CEX.IO. Ethereum’s surge though notable has lagged behind that of BTC, showing a much limited upward volatility. Ethereum is exchanging hands $1716.54 after seeing a 1.57% growth in the past 24 hours.

    The general volatility in the market has perhaps compounded the show of indecision by the market bulls, some of whom temporarily turn into bears in a profit-taking spree. The actions of these market determiners have an encompassing impact on the global market, except for some crypto projects that choose to chart their own course irrespective of the occurrences in the market.

    From the foregoing, Theta (THETA) became the new sensation as it got ranked amongst the top ten cryptocurrencies, surging by over 16% as both BTC and ETH strive to find liberation from the bears. While Theta comes off as a good performer in the past days, its longer-term survival still depends in part on the survival and growth of Bitcoin.

    Bitcoin Price Resurged As Tesla Redefines its Use Case

    The price of Bitcoin surged this morning and received a bullish redirection after Elon Musk, the Chief Executive Officer of electric automaker Tesla Inc, tweeted about the company’s acceptance of Bitcoin as payment for its Electric Vehicle brands.

    Though the company revealed it will be making provisions for Bitcoin payments when it purchased as much as $1.5 billion worth of the cryptocurrency back in February, the latest revelation helped detractors note the growing importance and possibilities that surround Bitcoin as an unofficial legal tender. Elon Musk even colored the news and revealed the company will be HODLing the BTC proceeds, a fundamentally bullish signal that investors appear to be hopping on.

    Per the BTC-USD 4-hour chart on TradingView.

    The chart shows the reversal from the bearish trend that commenced after a $58,000 top seen on March 22nd. With the Relative Strength Index pointing North of the neutral zone, and the MACD line making a bullish cross above the signal line, a new trend is obviously in the books for the price of the world’s largest cryptocurrency.

    The formation of candlestick trends that appear to be seeking a breakout from the signal band of the Donchain Channel toward the bullish upper band also confirms the power hijack from the bears. Sustainability now remains the core hurdle that BTC bulls have to fight. Should the Tesla-Elon Musk news continue to weigh in on the market, a further break above $58,000 resistance may lead to more massive buyings in the market. This imaginable FOMO may push the price up to a short-term price target of $62,000.

    Ethereum and the New Reward For Client Ecosystem

    One Ethereum as has been noted is worth $1716.5, a price level that many believe places the cryptocurrency as an undervalued gem. While many pro-ethereum investors or proponents align with the school of thought, the network’s high gas fees are remarkably a dent in the good work the blockchain has done over the years.

    The days of the gas fee challenge are however numbered with the plans to launch the Proof-of-Stake (PoS) consensus model as well as ongoing plans to implement the deflationary-focused EIP 1559 upgrade.

    Ahead of these plans, the Ethereum Foundation announced a boosted funding support for both its Proof-of-Work (PoW) client ecosystems as well as the PoS clients. While this multimillion funding support may not benefit the average Ethereum investor directly, it is significant as it shows the Foundation is committed to the ecosystem of developers that can help secure the future of the network. This investment is bullish and has its long-term indirect implication on Ethereum’s price.

    Though the technical indicators Awesome Oscillator and MACD are not bullish on the short-term price of the coin, the longer-term prospects are indisputable. Should the bulls sustain the push-over of the price, depicted by the potential breakout of the MACD line above the signal line, a slice through the $1,750 price range will be seen, and a new support at $1,850 may be achieved in the near term.

  • Linkflow Finance announces strategic and technical partnership with Soteria Finance and Titan

    Linkflow Finance announces strategic and technical partnership with Soteria Finance and Titan

    Hong Kong, Hong Kong, 25th March, 2021,

     This week Linkflow Finance (https://linkflow.finance) has announced partnerships with Soteria Finance (https://soteria.finance/) and Titan (https://titanswap.org/). 

    On March 22nd, Linkflow Finance has made a strategic collaboration agreement with Sorteria.

    Sorteria (https://soteria.finance/) is a decentralized alternative to insurance and is the first mutual (a risk-sharing pool) on Binance Smart Chain (BSC). Soteria uses blockchain technology to create a platform that returns the power of insurance to the people. It not only utilizes the fast transaction speeds and low cost of BSC, but it is also highly integrated with the BSC DeFi ecosystem. Soteria Launched IFO with great success, Setting a New Record of Total Fund Raised Reaching 2272.61%, breaking the previous highest record of 1400% in PancakeSwap history.

    The partnership between Linkflow Finance and Soteria is made to hedge the risks of prime brokerage and investments by using the insurance platform of Soteria.

    “We are expecting to minimize the risk of investment activities by partnering with one of the most successful insurance platform for the DeFi market.” Said Linkflow team.

    Linkflow Finance is planning to invest a portion of the investment assets to Soteria insurance products and also provide opportunities to Linkflow investors to invest in Soteria insurance products.

    Also on March 23rd, Linkflow Finance has made a technical collaboration agreement with DeFi project Titan.

    TITAN (https://titanswap.org/) is a blockchain-based decentralized financial center that provides optimal liquidity solutions for different digital asset categories by adaptive bonding curve. It not only provides a user-centered decentralized exchange but also it is an aggregated liquidity pool that supports order smart routing.

    Through this technical collaboration partnership, both parties will share knowledge and know-how of DEX and Liquidity Pool operation and eventually integrate into the core Titan services into the Prime Brokerage Service.

    “The partnership with Titan will give an opportunity to develop and enhance DeFi service of Linkflow” Said Chris Jung, president of Linkflow Finance.

    About LinkFlow

    Linkflow (https://linkflow.finance), a Hong Kong-based crypto prime brokerage and algorithm trading service, has launched a new digital asset-based services platform for providing seamless connectivity to the broader cryptocurrency ecosystem giving clients unprecedented access and management to a wide array of digital assets. 

    Contacts

    Head of PR

    • Jimmy Wong
    • Linkflow Finance
    • contact@linkflow.finance
  • 1inch partners with Ren and announces joint farming program

    1inch partners with Ren and announces joint farming program

    Continuing with a successful model for farming programs, the 1inch and Ren teams have formed what is expected to be a long lasting and fruitful relationship that will provide multiple advantages to users of both platforms.

    The 1inch Foundation is glad to announce that the 1inch’s partnership with Ren will let liquidity providers get additional benefits through another joint liquidity mining program that starts at 00.01 UTC on March 24 focusing on the newly launched 1INCH-renBTC pool.

    Buy/Sell 1INCH

    Under this farming program, an equivalent of 20k USD in 1INCH tokens together with an equivalent of 20k USD in renBTC will be distributed among providers of liquidity to the 1INCH-renBTC pool over a four-week period (ending April 21, 2021).

    Ren is an open protocol providing access to inter-blockchain liquidity for dApps and the aforementioned partnership will allow 1inch users to trade and provide liquidity for all Ren-based assets on the Binance Smart Chain (BSC), which has been gaining a lot of traction lately.

    The partnership with Ren will also allow users to trade and provide liquidity for all Ren-based BSC assets via 1inch and earn trading fee rewards for their liquidity provision services. These liquidity pools will be available through 1inch in the ‘Pools’ section and will feature the following pairs:

    1. renBTC-BTC
    2. renBCH-BCH
    3. renDGB-DGB
    4. renDOGE-DOGE
    5. renZEC-ZEC

    In the future, 1inch plans to add support for renFIL and renLUNA, but the partnership with the Ren team will extend way beyond liquidity provision and farming.

    This partnership will also have three main areas for potential collaborations which include: additional Layer 1 Ren and 1inch collabs in 2021; the possibility of a native RenVM integration into the 1inch Network; and further LP mining programs for assets such as renDBG and renZEC.

    About 1inch

    1inch (https://1inch.exchange/) is a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXes. Smart contract technology empowers this aggregator enabling users to optimize and customize their trades. Launched in May 2019 by co-founders Sergej Kunz and Anton Bukov, 1inch surpassed $27B in overall volume (live stats from Dune Analytics) in less than two years. In November 2020, 1inch was updated to version 2 (intro video) which major highlights are Pathfinder, an API that contains a new discovery and routing algorithm, and an intuitive, user-friendly UI. In December 2020, the 1inch team released its upgraded Liquidity Protocol – an AMM (automated market maker) with instant governance where LP (liquidity provider) earnings are dramatically increased by slowing down price changes to prevent arbitrage traders from earning up to 100% of the swap slippages. 1inch has already integrated support for 40+ top DEXes on Ethereum including Uniswap v1 and v2, Balancer, Curve, Kyber, SushiSwap, DODO, Oasis, and many more. In a move towards interoperability, in February 2021, 1inch Network expanded to Binance Smart Chain (BSC) and 1INCH governance token was deployed on BSC, offering users a chance to easily switch between Ethereum and BSC. All features of the 1inch Liquidity Protocol, the 1inch Aggregation Protocol and all 1INCH staking features became available to BSC users.

    Official Medium: https://1inch.medium.com/

    Official Twitter: https://twitter.com/1inchExchange

    Official Discord: https://discord.gg/Xyxv2Yz

    Official Telegram: https://t.me/OneInchExchange

    About‌ ‌Ren‌ ‌

    Ren‌ (https://renproject.io/) is‌ ‌an‌ ‌open‌ ‌protocol‌ ‌that‌ ‌enables‌ ‌the‌ ‌movement‌ ‌of‌ ‌value‌ ‌between‌ ‌blockchains.‌ ‌

    Website‌‌ ‌|‌‌ Docs‌‌ ‌|‌‌ Telegram‌‌ ‌|‌‌ Announcements‌‌ ‌|‌‌ Twitter‌‌ ‌|‌‌ Reddit‌‌ ‌|‌‌ Github‌

  • DeFi AMLT Oracle Integrates World’s Most Secure Smart Contract Network RSK

    DeFi AMLT Oracle Integrates World’s Most Secure Smart Contract Network RSK

    London, UK, 24th March, 2021,

    RSK Bitcoin Smart Contract network and the RIF Platform have integrated the DeFi AMLT Oracle, created by global RegTech provider Coinfirm.

    All operations conducted on RSK’s protocol will be fully covered with automated proprietary risk assessments from Coinfirm’s C-score based on 270+ red flag algorithms. The use of the Oracle enables the RSK protocol to get a green light for wider adoption by institutional investors and the traditional financial sector looking to gain exposure to decentralized finance.

    “The RSK smart contract network has been able to make the digital gold of Bitcoin become a more impactful, viable currency. RIF’s DeFi stack aids the underbanked and with the support of Coinfirm’s DeFi AMLT Oracle, the network can counter malicious threats more efficiently and keep in compliance with regulators. The evolution of this partnership, how both firms are exploring the DeFi sphere, is a mirror image of the industry as a whole embracing decentralized finance.” – Paweł Kuskowski, Coinfirm CEO and co-founder

    RSK Infrastructure Framework (RIF), a suite of open and decentralized infrastructure protocols aimed at fostering Decentralized Sharing Economies, enables faster, easier and scalable development of distributed applications (dApps) within a unified environment. It’s native token, the RIF token is used to consume services built on top of RSK Infrastructure Layer. RSK will continue to keep the best-in-class security of their smart contract-based ecosystem and interoperability of applications whilst proactively addressing regulatory AML / KYC (Anti-Money Laundering / Know Your Customer) compliance requirements, implementing a fully institutional investor ready framework.

    RSK Cofounder and IOVlabs CEO Diego Gutierrez Zaldivar mentioned: “The integration of Coinfirm’s DeFi AMLT Oracle to the RSK platforms adds another important building block to the Open Financial Ecosystem on Bitcoin. DeFi for Bitcoin has been gaining momentum and this integration will enable this market to flourish in a secure and compliant manner protecting individual investors, institutions and other participants in the market”.

    Last year the DeFi AML Oracle was unveiled by Coinfirm and is the first regulatory technology solution for AML compliance in the decentralized finance space. By leveraging Anti-Money Laundering in DeFi, RSK’s network will have all the benefits the innovation brings whilst maintaining institutional-grade compliance. This announcement marks the first official commercial use case of the AMLT Oracle.

    This news further strengthens the collaboration between IOV Labs and Coinfirm, after Coinfirm provided the RSK and RIF platforms with the company’s state-of-the-art AML Platform in March 2020.

    About RSK

    RSK blockchain is the most secure smart contract platform in the world, secured by Bitcoin’s unparalleled hash power via merge-mining that adds value and functionality to the bitcoin ecosystem by enabling smart-contracts, near instant payments, and higher-scalability.

    The network scales to up to 100 transactions per second without sacrificing decentralization, and reduces storage and bandwidth using probabilistic verification, fraud detection, and more.

    RSK Infrastructure Framework (RIF) is is a suite of open and decentralized infrastructure protocols that enable faster, easier and scalable development of distributed applications (dApps) within a unified environment to enable mass adoption of Bitcoin and RSK. For more information visit https://www.rsk.co/

    About Coinfirm

    Coinfirm is the world leader in blockchain analytics and regulatory technology (‘RegTech’) solutions, creating the foundation for the safe and mass adoption of blockchain and cryptocurrencies. Coinfirm specializes in blockchain AML/KYC (‘Anti-Money laundering’ / ‘Know Your Customer’) services and fraud investigations. It offers the industry’s largest blockchain coverage, supporting over 1,500 cryptocurrencies and protocols including Bitcoin and the ERC-20 standard. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions and governments. Coinfirm is the first firm to offer an AML compliance solution to DeFi in the form of the AMLT Oracle. For more information please visit; https://www.coinfirm.com/

    About AMLT

    The fuel for the AMLT Oracle and the industry-leading Coinfirm AML Platform, AMLT tokens are the reward for stakers, liquidity and information providers who report nefarious cryptocurrency addresses related to ransomware, hacks, scams, and other crypto-based crime. AMLT allows for the transparency and democratization of the financial system by actively involving market participants in countering malicious actors. It allows network members to provide information, rate other market participants and determine the related risk to entities and counterparties using virtual currencies.

    Telegram Group | AMLT Website | AMLT Twitter | AMLT on Facebook | AMLT Network on CoinCheckup | AMLT 2.0

     

    Contacts
    • Gloria Vailati
    • IOV Labs
    • gloria@iovlabs.org
  • Ardor’s BridgeChamp Project Announces Launch Roadmap

    Ardor’s BridgeChamp Project Announces Launch Roadmap

    Lugano, Switzerland, 24th March, 2021,

    Jelurida Swiss SA is pleased to announce the publication of the launch roadmap for one of its flagship applications, BridgeChamp. BridgeChamp is a blockchain-based gaming platform centered around the popular game of contract bridge. The roadmap, which runs to the end of 2021, will see the project through all phases leading up to a full launch to the general public in Q4.

    BridgeChamp was conceived in 2020 by Jelurida, which operates the Ardor platform. It aims to overcome a key challenge facing bridge players worldwide – a severe lack of modern online gameplay options on the market. Bridge is generally a very social game, but as the 2020 global pandemic caused many people to resort to digital means for enjoying their favorite pastimes, the famously social bridge community has been left short.

    Therefore, BridgeChamp addresses this gap with a full-featured online gameplay platform for bridge players worldwide. The newly published roadmap provides a complete overview of all the features that players can expect when BridgeChamp is launched in beta in Q3, and to the public in Q4 2021.

    The roadmap shows  that a significant amount of development is already completed, including the infrastructure for setting up bridge tournaments, registering players, and making BridgeChamp available via mobile. During the first quarter of 2021, the development team has also worked on elements of the user interface.

    The next phase of development in Q2 will bring blockchain integration and token issuance, introducing the in-game economic elements. All game results will ultimately be recorded on the blockchain, ensuring no fraud or tampering. Additional tournament features will be added, along with social integrations for video, audio, and text-based chat, before the third quarter’s beta launch.

    The final version of BridgeChamp will also have an open API layer that will allow third-party developers to integrate with the platform. In a recent blog post, Jelurida co-founder and core developer Lior Yaffe stated that BridgeChamp will ultimately become a social network for bridge players, evolved around the game itself.

    Speaking of the roadmap publication, Barak Lieberman Bridge Champ’s founder and evangelist – We are excited to present the roadmap of the most innovative contract bridge online website and app launched in the last 20 years. Integrating modern UI, social elements, blockchain NFT, and utility tokens can disrupt the existing casual gaming ecosystem and revitalize this otherwise stagnant market.

    About Jelurida

    Founded in Switzerland in 2017, Jelurida is a software company that develops and maintains the Ardor and Nxt blockchains. Now a multinational organization with offices on three continents, Jelurida is focused on helping enterprises capitalize on the benefits of blockchain by making it easier to deploy applications connected to the open Ardor and Nxt networks. BridgeChamp is owned and developed by Jelurida on the Ardor blockchain platform.

    Contacts

    Marketing Specialist

    • Elisa Manzieri
    • elisa.manzieri@jelurida.com
  • Users Can Now Trade Cardano on Coinbase and Its Apps

    Users Can Now Trade Cardano on Coinbase and Its Apps

    Key highlights: 

    • Users can trade ADA on Coinbase and the exchange’s Android and iOS apps
    • Many users of the exchange demanded that ADA should be listed
    • Cardano is now on the list of assets in the Bloomberg Terminal

    Coinbase, the a major United States-based cryptocurrency exchange, officially announced that users can now trade Cardano (ADA) on its platform. After previously only listing ADA on Coinbase Pro, the company has now also added the coin to Coinbase.com and its Android and iOS applications. Users can purchase and sell ADA in and they can also store, transfer, or receive the asset. The feature can be used in all of Coinbase’s supported jurisdictions.

    What is Cardano? 

    Cardano is a blockchain project that’s known for its reliance on scientific methods of study and peer review. Its development started in 2015, and its presale was particularly popular in the Asian market, mostly in Japan. The presale lasted for two years, and the project raised around $62 million. The public trading of ADA started in October 2017. 

    The structure of Cardano’s team had basic changes in 2018, and many team members were replaced. Cardano has five different phases in its development, called Byron, Shelley, Goguen, Basho, and Voltaire.  Cardano is currently the leading staking crypto coin on the cryptocurrency market.

    Cardano currently has a market capitalization of $37.4 billion, and the coin is changing hands at about $1.19. There are over 31.4 billion ADA coins in circulation, with about 71% of the total supply being released.

    Many Coinbase users requested ADA to be on the list 

    Cardano has played a major role the cryptocurrency market lately, and many users were asking for the coin to be listed on Coinbase. Coinbase has finally responded to the demand of the users, and the move should keep existing users happy while potentially also attracting some new users that required ADA to be listed on the exchange.

    Recently, a description of Cardano was also added to the Bloomberg Terminal, although investors can’t yet track the ADA markets on the terminal.

  • Why Did MetaKovan Pay $69 million for Beeple’s Masterpiece?

    Why Did MetaKovan Pay $69 million for Beeple’s Masterpiece?

    Key Highlights:

    • MetaKovan believes NFTs are far better than physical arts because they are composable and accessible on the Ethereum blockchain
    • Beeple’s work is the third costliest artwork by a living artist. MetaKovan bought the piece for $69.3 million
    • NFTs can bring democracy to the field of art, and they will reduce intermediaries in the industry

    NFT collector MetaKovan spends $69.3 million on Beeple’s The First 5000 Days

    MetaKovan, the leading collector of NFTs, says that he prefers NFTs over physical artworks because they are composable and available on the blockchain. MetaKovan recently revealed that his real name is Vignesh Sundaresan. Here are some of the reasons that convinced him to pay this amount of money for The First 5000 Days, an artwork created by Beeple.

    Beeple (Mike Winkelmann) is a renowned digital artist. He compiled 5,000 of his pieces into a mosaic called The First 5000 Days, which he minted in the form of an NFT. After selling for $69.3 million, The First 5000 Days is the third most expensive artwork by a living person. 

    The masterwork is represented by an NFT, and it is available on ETH Blockchain. Beeple has made one piece per day for over 13 years, and the masterwork is a combination of his first 5000 works. NFTs are exploding right now, and Beeple’s piece has done a lot to legitimize the sector. However, NFTs are not only limited to art, and we can also find NFTs being used in other fields like sports. 

    NFTs are the most recent trend in the cryptocurrency space. Unlike normal crypto assets, each NFT contains unique information that can be used to identify it. Depending on the item that is associated with an NFT, some collectors are willing to pay a very high price. According to a report by CryptoSlate, Sundaresan, aka MetaKovan, bought a digital work made by Beeple for an unprecedented price of $69 million, making it the most expensive digital artwork in history. 

    Sundaresan thinks that NFTs are a similar movement to DeFi, and they can change the status quo of the economy. NFTs don’t need a physical location to keep them, and they can be shared between different users. These are the features that make them special and revolutionary.