Binance advertising BTC at London bus stops in advance of UK launch

‘Money is evolving,’ Binance’s new ads across London state, showing four generations of coins ending with Bitcoin.

The world’s largest cryptocurrency exchange, Binance, has targeted London commuters with new ads featuring Bitcoin.

According to an Aug. 28 tweet from Binance.UK, the crypto exchange has placed new ads at 17 bus stops in London. The image shows two older generations of coins as well as a current two-pound coin used in the U.K, followed by the largest, Bitcoin.

“Money is evolving,” the ad states. “It’s time to adapt.”

Binance announced its expansion into the U.K. market in June, with a regulated exchange platform scheduled to launch this autumn. The exchange will purportedly be required to register with the country’s Financial Conduct Authority, and comply with Anti-Money Laundering and Know Your Customer practices and standards.

In advance of the launch, Binance’s British arm hasn’t limited itself to advertising. The crypto exchange recently announced it would be joining the self-regulating industry association CryptoUK as an executive member.

London has recently been the hotspot for crypto firms looking for new investors. Richard Heart’s controversial HEX token has ads plastered on London’s buses and newspapers, and was even featured during the English Premier League soccer games. Mike Novogratz’s Galaxy Digital bought a full-page ad in the U.K.-based international business newspaper Financial Times, in which Bitcoin (BTC) also appeared prominently

 

written by Turner Wright

https://cointelegraph.com/news/binance-advertising-btc-at-london-bus-stops-in-advance-of-uk-launch.

 

Heiko Closhen, Entrepreneur

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Ripple’s Garlinghouse forecasts further loss of US dollar value

The wild ride of 2020 continues.

After what has been a crazy year in almost every sense of the word, businesses are left wondering how to proceed, Ripple Labs CEO Brad Garlinghouse said.

"The pandemic is throwing so many playbooks out the window," he posited in an Aug. 28 tweet. "Yesterday's action flies in the face of decades of precedent," he said, pointing toward an Aug. 27 article from the Wall Street Journal on the U.S. Federal Reserve choosing to keep interest rates low at the possible expense of higher inflation.

"Signs point to further dollar debasement in the near term (leading to further diversification of assets which will certainly be good for crypto)," Garlinghouse added.

Since the beginning of COVID-19 fears and prevention measures in March, the U.S. economy has been flipped on its side. High jobless claims, money printing, business closures and a plethora of other factors have created a giant puzzle when it comes to uprighting the struggling scene.

Interest rates and inflation hold as two tools the U.S. government has fiddled with as part of its attempted solutions. Although problems remain, a possible outcome might be further Bitcoin adoption as a viable hedge, noted by a number of participants in the crypto industry.

Comparing the asset with gold, seen as long-time store of value hedge, Gemini crypto exchange co-founder Tyler Winklevoss mentioned a possible scenario in which Bitcoin hits $500,000.

 

written by Benjamin Pirus

https://cointelegraph.com/news/ripple-s-garlinghouse-forecasts-further-loss-of-u-s-dollar-value

Heiko Closhen, Entrepreneur

Who can explain in plain words what is woke ??

 
 
Who can explain in plain words what is “woke” ??
woke  ==> to always be awake, to be ever vigilant
First  result:

 

Woke (/ˈwoʊk/), as a political term of African American origin, refers to a perceived awareness of issues concerning social justice and racial justice. It derives from the African-American Vernacular English expression “stay woke“, whose grammatical aspect refers to a continuing awareness of these issues.

By the late 2010s, woke had been adopted as a more generic slang term broadly associated with left-wing politics, socially liberal and cultural issues (with the terms woke culture and woke politics also being used). It has been the subject of memes, ironic usage and criticism. Its widespread use since 2014 is a result of the Black Lives Matter movement.
Source Wikipedia: https://en.wikipedia.org/wiki/Woke

Klassismus, welches sich auf Vorurteile oder Diskriminierung aufgrund der sozialen Herkunft oder der sozialen Position bezieht.
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Heiko Closhen, Entrepreneur

Pompliano believes that bitcoin should be included in every pension system in the future

Pompliano believes that bitcoin should be included in every pension system in the future

  • This year has been quite mental for everyone and anyone. 

  • The pandemic has taken a massive toll on our day-to-day lives and even though we are coming towards the end of harsh lockdown restrictions, the repercussions of this pandemic and recession will echo for the years to come. 

This year has been quite mental for everyone and anyone. The pandemic has taken a massive toll on our day-to-day lives and even though we are coming towards the end of harsh lockdown restrictions, the repercussions of this pandemic and recession will echo for the years to come. Specifically looking at the bitcoin and the S & P 500 index, the two have gone through a massive amount of correlation, albeit short-lived. In March, both traditional and crypto markets went to record low levels.

Although this was a short-lived Bear market as crypto assets quickly began to spike as both retail and institutional investors started to move funds away from the risk of hyperinflation due to always happening (still is happening) with the US dollar in America. The well-known bitcoin advocate and co-founder of Morgan Creek Digital, Anthony Pompliano has highlighted at the quantitative easing continuing throughout the world has left the United States in a 26 trillion debt which can play a massive role in the artificial performance of the stock markets, according to him.

He further said:

“There was an all-time high of quantitative easing announced earlier this year. Today the S&P 500 hit an all-time high. This isn’t a coincidence.”

The pension system gained less than 2% despite the growing stock market. Pompliano believes that the Fiat industry is on its way out and blues at pension systems should diversify their portfolios by holding some of the funds in crypto, specifically bitcoin.

He added:

“Every pension system should have 1-5% of their assets in bitcoin. If yours doesn’t, call them and ask why not.”

Article Produced By
Robert Johnson

Robert is a keen investor with a particular interest in cryptocurrencies. He has been involved in the industry for many years, and because of this, has gathered a lot of knowledge surrounding this area. He studied English at university level and has a passion for writing. He loves being able to combine his two mains interests on a daily basis.

https://cryptodaily.co.uk/2020/08/pompliano-believes-that-bitcoin-should-be-included

Heiko Closhen, Entrepreneur

Ministers used influence to pilfer millions in alleged Ponzi Scheme

They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated.

A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims.

"From 2017 to May 2019, Jali, Frimpong, and Johnson, directly and through two entities created to perpetrate the scheme, Smart Partners and 1st Million (the 'Companies'), fraudulently raised more than $27 million from approximately 1,200 investors, many of them African immigrants," an Aug. 28 legal filing states.

The allegations claim the three individuals used their influence in churches and health care, preying on commonalities and beliefs of those around them for financial gain. Johnson claimed to be a minister, while Jali reportedly pastored at seven church locations, as noted in the legal document. Leading investors to believe they would make profit on crypto and Forex on their behalf, the accused parties allegedly claimed themselves as experts, promising to give back initial invested capital one year later.

The filing states the defendants spent this money on themselves instead of using it as advertised.

"From 2017 to May 2019, Defendants offered and sold to investors in Maryland and several other states, including Georgia, Florida, and Texas, among others, contracts with the Companies in which they falsely promised, among other things, to generate profits for investors by trading Forex and cryptocurrency," the filing sates.

The document notes a $5,000 minimum investment as their common requirement, advertising gains between 6% and 42% per month or financial quarter. The accused allegedly paid out some of the earlier investors at times to ward off suspicion.

 

written by Benjamin Pirus

https://cointelegraph.com/news/ministers-used-influence-to-pilfer-millions-in-alleged-ponzi-scheme

Heiko Closhen, Entrepreneur

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Heiko Closhen, Entrepreneur

Visa exec says buy Bitcoin as dollar index nears 125K BTC trigger

A key bull trigger for Bitcoin reemerges as even a Visa executive pours scorn on the Fed and calls on consumers to “opt out with Bitcoin.”

Bitcoin (BTC) is inches away from getting the same boost that helped it hit $12,500 earlier this month, data shows.

On Aug. 28, the U.S. dollar currency index (DXY), fresh from losses caused by a speech from the Federal Reserve, returned to crucial low levels.

Bitcoin’s $12,000 trigger reappears
At press time on Friday, DXY measured 92.28 — its lowest since Aug. 19. At that time, the index had seen years of decline, with 92.17 marking the floor which challenged precious lows from April 2018.

Safe havens, including Bitcoin, appeared to benefit throughout the summer as DXY fell — gold hit highs of $2,075, while BTC/USD topped out at $12,500 two weeks ago.

As Cointelegraph Markets analyst filbfilb noted on Friday, a repeat performance was now on the cards. Thursday’s speech from Fed chair Jerome Powell sent DXY tumbling after days of gains.

The impact on the U.S. dollar may in fact be the only meaningful takeaway from a “non-event” policy shift for Bitcoin which many had already expected.

Nonetheless, the implications for the rigidity of the fiat economy thanks to the Fed were much more severe — to the extent even fiat business voices were now plugging Bitcoin.

“Jerome Powell’s speech today will be for the history books,” Andy Yee, senior director of public policy at Visa tweeted.

“Never in the history of mankind was so much stolen from so many by so few. Opt out with Bitcoin.”

Fed shift “good for hardest assets” gold and BTC
For Real Vision CEO Raoul Pal, Powell’s words were confirmation that Bitcoin and gold would remain strong in future — but Bitcoin would win out for investors.

“I think they both rise over time in inflation or deflation,” he told Twitter followers.

“Most people don't understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin. Powell WANTS inflation.”

Even before the speech, Bitcoin supporters were eyeing the long-term consequences of Fed policy.

For Saifedean Ammous, author of the popular book, “The Bitcoin Standard,” it was a question of “time will tell” for Bitcoin versus fiat.

“The reduction in the new supply of bitcoins clearly reduced the new selling onto the market, so probably has helped keep the price up or keep it from dropping further,” he told the Unchained Podcast on Aug. 25.

“The central banks’ quantitative easing and everybody helicopter money policy and giving everybody checks seems to have done the same for the stock market. Now, let’s wait and see for the long-run effects of the two approaches.”

 

written by William Suberg

https://cointelegraph.com/news/visa-exec-says-buy-bitcoin-as-dollar-index-nears-125k-btc-trigger

Heiko Closhen, Entrepreneur

Cash or Plastic? Countries Where Crypto Debit Cards Are Fair Game

Cash or Plastic? Countries Where Crypto Debit Cards Are Fair Game

Cointelegraph examines where crypto debit cards are available and what options they offer as wider adoption starts to take hold.

As a sector, plastic cryptocurrency cards have had a bumpy ride.

While for some they are the perfect way to spend those hard-stacked sats, it has evidently been a struggle for crypto companies to provide such a service. Wracked by regulation, supplier issues and the volatility of digital assets, crypto debit cards have had a rough start. Nonetheless, crypto debit card use is growing and is considered an important development for the growth in the adoption of crypto around the world. So, in which countries are most of the crypto cards available?

Wirex

Wirex is a London-based crypto debit card provider and is often seen in the wallets of many people involved in the industry. The firm offers over 13 traditional and cryptocurrency accounts and has crypto-to-crypto, fiat-to-crypto and crypto-to-fiat capabilities. The firm is also backed by Visa, meaning that anywhere Visa is accepted, crypto can be spent. Wirex launched its Russian service on May 19, offering customers fiat credit and debit cards. According to a press release from the company, it plans to offer customers the opportunity to buy crypto such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP, Dai and its native Wirex Token (WXT) via Visa and Mastercard.

Revolut 

Revolut is perhaps the best-known card provider to make forays into the crypto world. Based in London and headed by CEO Nikolay Storonsky, Revolut has 10 million customers, a third of which have traded crypto on its app, according to data released by the company. The company recently reported a 58% dip in the average size of crypto purchases from its United Kingdom customers, citing the effects of the lockdown measures imposed in March. Two months later, the average sum is climbing back up to previous levels, having increased by 57%.

Monolith

Monolith is based in Manchester, England. It is a company that seeks to bring self-sovereignty to finance through decentralization. Monolith’s CEO, Mel Gelderman, explained to Cointelegraph the philosophy behind the decentralized finance factor in its

crypto debit card offering: 

“We have complete faith in DeFi and its role in ushering in the next economy. Monolith’s purpose is to make DeFi a viable choice to manage your everyday finances with ease, just as you might do now on your banking app. The diverse nature of DeFi will allow users to maximise their wealth in ways they haven’t been able to before. We take this a step further by ensuring we have no access to your money as each user wallet is non-custodial.”

The coronavirus pandemic has had an unprecedented effect on businesses, decentralized or not. Despite this, Gelderman told Cointelegraph that the flexibility offered by DeFi and crypto is particularly appealing for customers that want to be in control of their finances during

the COVID-19 crisis: 

“The Crypto industry is evolving into an integrated piece of daily life in terms of financial management, and debit card services are part of that. The crypto-debit card is the next step in this evolution, giving the end user a non-custodial financial platform that interfaces in a way that is no different from the current account they use daily. This mix of timing, usability, and control of funds makes this new economy more viable than ever.”

Coinbase

Coinbase is a United States-based platform that provides a variety of functions, including exchange, wallet and trading services. The company’s crypto debit card, imaginatively dubbed Coinbase Card, was launched in 2019. At first, the card was only active in six European countries, but it has since been launched in a further 10 countries with a greater variety of crypto assets. The firm announced on Feb. 19 that it had become a principal member of Visa, meaning that it is now able to issue debit cards without the involvement of third parties, and it can now also issue cards to other crypto companies.

Bitwala

Bitwala, a blockchain-based banking firm headquartered in Berlin, offers a service where customers can convert their crypto and pay with a Mastercard debit card. The card is linked to a Bitwala bank account and is available only to EU and Swiss citizens. Bitwala recently partnered with DeFi platform Celsius to offer an annual interest of up to 4% on Bitcoin holdings. The funds from customers using Bitcoin Interest Accounts are loaned to institutional borrowers via Celsius, earning weekly interest in BTC. Bitwala has said that DeFi is “a new way to generate wealth” and cited passive income generated from crypto holdings as an example.

Socios

Celebrity tokenization is one of the most innovative sectors in crypto finance. Socios runs a crypto sports-fan token ecosystem, offering tokenized voting platforms and a blockchain-based mobile app. The firm announced in late February that it would launch a crypto-to-fiat prepaid debit card. Alexandre Dreyfus, the CEO of Socios, explained to Cointelegraph how

the project works:

“Socios Debit Card, a Fiat Debit Card that will allow Socios.com users to get a card (VISA or MASTERCARD) that will trigger rewards every time they spend money. The idea is that if you are Juventus Fan and you spend FIAT into an Adidas shop, you'll get cashback and more Juventus Fan Tokens for example.”

Dreyfus also told Cointelegraph that tokens and payments could have an impact both for service users and sponsors in sports: “Sponsors will be able to track and generate campaigns with the teams they are sponsoring, and who have issued Fan Tokens with us.”

Binance 

Crypto industry titan Binance announced in March that it would release its own debit card, with the initial testing being carried out in Malaysia. Issued by Visa, the card will be available in Southeast Asia and will later be rolled out to other regions. The internal balance of the Binance Card will be in crypto, with Binance Coin (BNB) and Bitcoin. The card costs $15 but has no monthly or yearly maintenance fees. 

Paycent 

Paycent is a Singapore-based crypto debit card provider. A Paycent Card costs $49 and comes in three tiers. Ruby is powered by UnionPay and has a daily spending and withdrawal limit of $5,000. Sapphire is powered by Unified Payments Interface and has a daily spending limit of $5,600 and a withdrawal limit of $1,650. Solitaire is Paycent’s option for big spenders. Powered by Mastercard, it has a daily spending limit of $13,000 and a withdrawal limit of $10,000. Its supported currencies are Paycent’s native PYN token, Bitcoin, Verge (XVG), Dragon (DRGN), Ontology Coin (ONT), DigiByte (DBG), Groestlcoin (GRS), Binance Coin, Ether, Litecoin, XRP, Dash and Steem.

Becoming Visa principal partners

Coinbase is leading the charge in terms of becoming a bona fide principal partner of Visa. As reported by Cointelegraph, only three further firms have publicly considered putting themselves through the grueling vetting process of becoming a partner. If Cryptopay, Crypto.com and Crypterium are successful in their applications, the firms stand to set themselves apart from all other competitors in the sector. George Basiladze, the co-founder of Cryptopay, gave Cointelegraph an insight into the application process, saying that becoming a principal member is a long journey that requires obtaining an Electronic Money Institution license, having a Payment Card Industry Data Security Standard certification — and a lot of funding. Here’s what the firms are offering so far:

Crypto.com 

Crypto.com is a payments and crypto platform that offers five different cards. The most basic is free and offers spending rewards of 1% on all transactions, while the most expensive requires a Monaco (MCO) stake of 50,000 and offers spending rewards of 5% on transactions, airport lounge access, and Spotify, Netflix and Amazon Prime access. The company recently announced the launch of its MCO Visa card. Formerly known as Monaco Card, it will be available in 31 countries throughout the region. Crypto.com claims that this makes its card offering the most accessible worldwide. 

Cryptopay

Cryptopay’s C.Pay card is available to be ordered in the U.K. and Russia and can be used anywhere that Visa is supported. This means that customers can use it with the same support and security that they would normally expect from a Visa card. C.Pay customers can use cryptocurrencies to spend up to 30,000 euros in one transaction. Virtual cards are free and prices start at 5 euros for a physical card that offers a daily load of 8,000 euros and a daily ATM withdrawal limit of 400 euros. C.Pay cards incur a monthly 1 euro management fee, a 2.50 euro domestic ATM fee, a 3.50 euro international ATM fee and a 3% foreign exchange fee, as well as a loading and unloading fee of 1%. C.Pay customers can spend Bitcoin, Litecoin, XRP and Ether. 

Crypterium

Estonia-based firm Crypterium also purports to offer the most global card. Crypterium’s card gives access to over 50 million online and offline retailers, 2.5 million ATMs worldwide and is supported in 178 countries. Cards come with a spending limit of up to $13,000 per day or $60,000 per month, as well as a dedicated app. The cards cost $25 each but don’t incur monthly costs. Crypterium’s debit cards are processed by the Chinese financial services company UnionPay. Crypterium’s Chief Operating Officer, Austin Kimm, recently told Cointelegraph that UnionPay gives Crypterium greater global reach: “Both Visa and Mastercard allow you to develop cards for particular regions like the United States, South America, Europe, etc. UnionPay, on the contrary, divides the world in two regions.”

Article Produced
ByJoseph Birch

Joseph Birch is a freelance journalist. He’s interested in how blockchain has the potential to radically change the world we live in and the transformative power of crypto.

https://cointelegraph.com/news/cash-or-plastic-countries-where-crypto-debit-cards-are-fair-game

Heiko Closhen, Entrepreneur

Infinigold Integrates Coinfirm’s AML amp Analytics Platform Setting A New Compliance And Security Standard For Digitalised Commodities

Infinigold Integrates Coinfirm’s AML & Analytics Platform, Setting A New Compliance And Security Standard For Digitalised Commodities


Sydney, Australia – 29 July 2020 – Leading commodities digitisation company, InfiniGold, and Coinfirm, the blockchain analytics and AML company,

today announced a partnership to establish a new compliance and security standard for digitalised commodities, in anticipation of widening distribution of the commodities market via public blockchains or tokenised securities. InfiniGold, who provides a white-labelled PaaS solution for the commodities industry, has already successfully rolled out Perth Mint Gold Token, the first product implemented with their platform, and starting today, the InfiniGold platform will utilise Coinfirm’s transaction monitoring solution – enabling AML compliance and ensuring against suspicious and potentially fraudulent activity, setting a new security and compliance standard for its partners.

Typically, exchanges or banks are responsible for AML compliance and transaction disclosure. However, as the issuer of PMGT, and future tokenised commodities, Infinigold understands the importance of transparency and due diligence when it comes to protecting underlying assets, especially with the opaque reserve management of other asset-backed stablecoins coming under fire.Harnessing a range of automated risk assessments, Coinfirm’s platform continuously monitors all transactions and balances in the PMGT contract. This helps identify any suspicious transactions or excessive risk—preventing or otherwise detecting money laundering, terrorism financing, and any other unauthorised interactions with the PMGT smart contract. This not only allows for greater investor peace of mind but helps legitimize the commodities digitisation sector
 
even further.
 
Jon Deane, CEO of InfiniGold, said: “Integrating Coinfirm’s platform into PMGT isn’t solely a step forward for InfiniGold, but commodities digitisation in general. InfiniGold strives to set a standard in commodities digitisation—aiding legitimacy and complying with regulation is paramount to attain that goal.”
 
The Coinfirm collaboration will also kit out InfiniGold with the tools to investigate the complex web of interwoven blockchain transactions in the instance that it detects or suspects suspicious transactions. This will enable InfiniGold to flag any transactions it deems unusual, ensuring that due diligence is adhered to.With this year being tipped to be one of the worst years for cybercrime, the integration couldn’t have come at a more appropriate time. According to Coinfirm CEO, Pawel Kuskowski, an aggregate of over $10 billion has been appropriated in crypto thefts, hacks, and frauds in the crypto sector to date. As such, asset protection is more important than ever.Fortunately, with Coinfirm’s integration and The Perth Mint acting as custodian of the underlying assets, PMGT is protected by an unprecedented level of security.

About InfiniGold
InfiniGold is a leading precious metals digitisation company that has developed a platform for the digitisation of gold and other precious metals. A spinout from Rozetta Ventures and part of the RoZetta Group (www.rozetta.com.au, formerly Capital Markets CRC), the technology underpinning InfiniGold’s digital gold certificates is co-developed with other Rozetta Institute companies. It is also used to issue electronic cash and for the trading, clearing and settlement of unlisted securities. The core InfiniGold team previously developed SMARTS, the leading, global market surveillance business that was acquired by NASDAQ in 2010. For more information please visit: https://www.infinigold.com/

About Coinfirm
Coinfirm is a global leader in AML and regulatory technology for blockchain and cryptocurrencies. It offers the industry’s largest blockchain coverage, supporting over 1,400 cryptocurrencies and protocols including Bitcoin, Ethereum, Hyperledger, and many more. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions like PKO BP. The company’s services also include Reclaim Crypto in partnership with Kroll, as well as Trudatum, a standalone regtech platform that allows any file to be registered, signed, and verified with 100% accuracy. For more information, please visit: 

Article Produced By  
Guest of Crypto Mode

https://cryptomode.com/infinigold-integrates-coinfirms-aml-analytics-platform-setting-a-new-compliance-and-security-standard-for-digitalised-commodities/

Heiko Closhen, Entrepreneur