onomiblock

Binance is making efforts to reduce counterparty risk and improve safety. The headache of dealing with inherent risks, particularly counterparty risk, in the crypto industry has intensified since the collapse of the FTX exchange. When traders encounter counterparties who do not deliver the agreed-upon assets or funds or fail to fulfill their obligations, traders can face significant losses. A Solution to Mitigate Counterparty Risk To address this issue, Binance is considering allowing select professional customers to store their collateral funds in banks, as reported by Bloomberg. By adopting this proactive approach, there is potential for a substantial reduction in counterparty risk, consequently augmenting the overall safety of cryptocurrency trading as other changes may follow suit. Sooner or later, the leading crypto exchange will emerge as a frontrunner in addressing counterparty risk. Binance is reportedly considering working with banks to enable professional traders to ...

Mahe,, Seychelles, May 30th, 2023, Chainwire DigiFinex , one of the leading cryptocurrency exchanges in the world, has been granted a Pre-Registration Undertaking (“PRU”) exemption-based approval by the Canadian regulator (at the provincial level, Alberta Securities Commission and other provinces providing reciprocal recognition). This license allows DigiFinex to operate in Canada in accordance with the terms of the PRU agreed with the regulator, and provides a unique opportunity for Canadian clients to buy and sell cryptocurrencies on DigiFinex’s platform. The PRU agreed upon is the result of a lengthy and prudent discussion with the regulator, and is a crucial regulatory requirement for cryptocurrency participants wanting to operate a dealer platform in Canada. To comply with the PRU, DigiFinex needs to put in place stringent measures to prevent money laundering and terrorist financing. The regulator also demands adequate security systems be established and maintained to protect i...

Seven banks are at the crossroads as the CBDC race heats up. Rapid digitalization has prompted global central banks to explore the potential of Central Bank Digital Currency (CBDC) to ensure financial inclusion. Several countries have already initiated CBDC pilots or launched their digital currencies, putting pressure on banks worldwide to keep up with this trend . In this context, a group of seven major central banks finds themselves at a crucial juncture, contemplating their response to this emerging landscape. A Complex Path Forward for CBDCs Major central banks, including the Federal Reserve, Bank of Japan, European Central Bank, and Bank of England, have collaborated on a comprehensive paper that delves into central bank digital currencies (CBDCs). This paper builds upon previous reports dating back to 2020 and explores the potential implementation and policy implications of CBDCs. According to the recently published 10-paper report in May, some members of this group are ...

Hong Kong emerges as a crypto exchange magnet, exemplifying the East’s progressive approach to crypto regulation. Known for its dynamic market environment, Hong Kong has recently garnered the attention of several crypto companies aiming to establish a regional presence. Leading cryptocurrency exchange Huobi has unveiled its plan to launch a new trading platform in Hong Kong on May 26. The platform is set to provide users with cryptocurrency trading services, including popular digital assets such as Bitcoin (BTC) and Ethereum (ETH). Innovative Approach Gate Group is also joining the scene. The company behind the Gate.io exchange has registered in Switzerland and introduced Gate.HK as part of its expansion strategy. Currently undergoing licensing, Gate.HK aims to offer crypto services to cater to the local market. Another notable player considering a move to Hong Kong is Amber Group, a Singapore-based financial services provider specializing in cryptocurrencies. Reports suggest th...

Merkeleon, a leading provider of innovative cryptocurrency solutions, is proud to announce the launch of their highly anticipated white label products for a crypto exchange and wallet. These cross-functional solutions render it possible for businesses to establish their own branded platforms, revolutionizing the way users trade, store, manage digital assets. The white label crypto exchange software offers a turnkey solution that empowers businesses to create robust and secure trading platforms. The software has been on the market for 10 years. Its improved frontend and backend functionality allows users to enjoy a smooth trading experience across a wide range of cryptocurrencies. For businesses, it has become easier to authorize an exchange. Apart from flawless software, the white label solution offers assistance in license acquisition and opening a bank account. Merkeleon’s white label software for a crypto wallet , on the other hand, is a brand-new product that allows businesses ...

Frustration intensifies among European nations as the continent’s biggest economy shrinks. But will this news impact the crypto market? Opinions are split. Since the beginning of the year, economists had predicted that Europe’s powerhouse couldn’t escape a financial crisis. Today’s data officially confirmed that. The Deutschland slid into recession following the negative GDP growth in the first quarter of 2023. Recession Hits Germans All news cited – Germany’s GPD dropped by 0.3% in the first quarter of the year. The figure, coupled with the 0.5% decrease in GDP in the fourth quarter last year, is a clear indicator: Europe’s leading economy has entered a recession. It’s the country’s first recession since 2020. The energy crisis is said to be the root cause. Germany has endured a long period of power shortage since the Russia-Ukraine conflict. Efforts to seek alternatives for Russia’s gas didn’t pay off and high-interest rates dropped the final straw. People were cautious about ...

Labuan, Malaysia, May 26th, 2023, Chainwire Cerus Markets is thrilled to announce an exciting update to its leverage options for non-crypto instruments. Effective immediately, Cerus Markets clients can enjoy leverage of up to 400:1 for Forex, Commodities, Indices, and Single Stocks trading. This increase in leverage options allows traders to make the most of their investments, providing greater market exposure and the potential for higher returns. By offering increased leverage options for non-crypto instruments, Cerus Markets aims to provide clients with even more opportunities to capitalize on market movements. At Cerus Markets, the company prides itself on its commitment to providing clients with the best possible trading experience. This update is just one example of the company’s dedication to ensuring that clients have access to the best tools and trading conditions. About Cerus Markets Established in 2022, Cerus Markets Limited is a multi-asset broker authorized and regul...

As one of the most significant innovations in the crypto market today, Lama is a user-friendly platform allowing crypto lovers to pay and receive payments in fiat and cryptocurrencies easily and instantly. Established to bring innovative blockchain financial services to the mass market in a way that is easy, uncomplicated, friendly, and trustworthy, the platform offers various financial features to save, store, earn, and manage digital currencies through one app. The cryptocurrency industry has been growing over the past decade since its humble beginnings with Bitcoin in 2009. To date, the innovation industry has grown with thousands of different digital assets ranging from altcoins, stablecoins, and utility tokens to NFTs. There has been a significant increase in the adoption of cryptocurrency, and people are using it for everything. More companies are accepting cryptocurrencies as payment. More individuals are using digital assets for peer-to-peer transactions. Also, investors...

The ongoing tense negotiation has shown no ending sign as the US debt deadline looms. The world’s economic powerhouse could lose its capability to pay bills as early as June, and the fallout could impact global assets, including cryptos. Unresolved Issues June 1 emerges as a pivotal date, signaling potential financial turmoil as the United States grapples with the looming threat of running out of cash and more than $31.4 trillion in debt. The US Treasury Secretary Janet Yellen previously warned that the US would likely run out of cash by early June. The common resolution is to lift the debt ceiling; otherwise, President Biden would go down in history as the first President to default on the US. Amidst strained discussions, significant differences persist as parties strive to bridge the gap. The US House Speaker Kevin McCarthy acknowledges the lack of substantial progress yet maintains a glimmer of hope, emphasizing the remaining time to avert a catastrophic financial breakdown. ...

Mahe, Seychelles, May 24th, 2023, Chainwire Tenet , a layer-1 ecosystem for creating yield and utility for liquid staking derivatives (LSD), is expanding its presence on the Cmarket through two key partnerships with QTUM , a Proof of Stake network combining the benefits of Ethereum and Bitcoin, and Conflux , a layer-1 network operating on a hybrid Proof of Stake and Proof of Work consensus mechanism called Tree-Graph. Thanks to the partnerships, CFX and QTUM stakers will be able to bring their assets to the Tenet blockchain and “restake” them to unlock more yield for their assets. LSDs allow holders to reap the full benefits of staking on the original network, while having full control over their assets through a liquid token representing the underlying staked tokens. The LSD token can be used in DeFi to earn more yield, provide liquidity or swap it using decentralized protocols. Tenet offers a unique layer-1 ecosystem whose security is derived partially from all the partner tokens...

Zug, Switzerland, May 24th, 2023, Chainwire Tulipart.com is a collection of 10,000 unique tulip NFTs. Over a period of 7 years, 4 Tulip NFTs will be minted every day until the goal of 10,000 is reached. Each Tulip NFT consists of six different components, which range from common to exclusive, making them more or less rare. New Tulip NFTs aren’t available for direct purchase; they are solely distributed to $LAND token holders via a lottery system. Participation involves holding and staking $LAND tokens. Staking a higher amount of $LAND tokens elevates the chances of acquiring a Tulip NFT each day. $LAND tokens may be procured at no cost via the ongoing airdrop at Tulipart.com . Any Ethereum address holder can verify their participation eligibility. Ineligibility for the airdrop doesn’t impede the opportunity to procure $LAND on Uniswap, effectively enhancing the probability of winning a Tulip NFT. About Tulipart Tulipart.com is a cutting-edge platform fostering the innovation an...

The new collaboration sets a significant milestone for both the Web3 gaming project and the tech giant. Web3-focused lifestyle project Stepn has announced today its integration of Apple Pay to enable in-app digital asset purchases. Users can now buy sneakers and other Stepn items directly on the Stepn application without connecting to a crypto wallet. Stepn Integrates Apple Pay The new feature allows users to add credit or debit cards to Apple Pay and acquire SPARK credits. Users can also explore and purchase items on the marketplace with $GMT. Customers will get $GMT when selling items, regardless of purchase options. The feature is exclusively accessible on Apple devices. As part of Apple’s policies, there’s an additional taxation fee on the price of Stepn’s digital items when users choose to buy with SPARK credits. Stepn alternatively guaranteed that the feature was secure and that Apple would protect users’ information. Apple Pay is one of the world’s most popular mobile ...

Today’s world is more connected than ever before and as such, communication infrastructure has become the lifeblood of the global economy. No matter if you are a small business owner, a multinational corporation, or an individual, your life wouldn’t be the same without the ability to communicate instantaneously across the globe. For this seamless flow of information and data to be possible, the world depends on many critical components, with telecom carriers playing a pivotal role. These unsung heroes of the digital age play a vital role in enabling the transmission of information, data, and voice across vast distances. Unfortunately, most people are not aware of the complexities involved in ensuring reliable and efficient communication networks. Telecom carriers invest significant resources in building and maintaining the infrastructure required to support global connectivity. Fortunately for everyone, Zeebu is looking to revolutionize the global telecom carrier landscape forever....

PassimPay revolutionizes business transactions by providing a secure and efficient payment system that utilizes cryptocurrencies. This article delves into the advantages of PassimPay for businesses, exploring its website overview, product offerings, and the benefits it brings to businesses. PassimPay PassimPay’s responsive website ensures a seamless experience on any device thanks to its user-friendly design. The platform prioritizes security, implementing measures like email confirmations, Authy 2FA, IP tracking, activity control, and regular independent security audits. PassimPa y Products PassimPay offers comprehensive services to meet businesses’ payment processing needs. Key features include: Acceptance of immediate payments in over 20 cryptocurrencies. A secure and simplified payment processing model, seamlessly transferring funds to the user’s business account. Low floating withdrawal fees (up to 3.5%) and free cryptocurrency receiving and storage. Flexible payment...

One of the leading global crypto PR agencies, FINPR, starts offering SEO services for Web3, NFT, crypto and fintech startups. The Dubai-based firm provides a variety of crypto SEO tariffs to fit companies with different expectations from organic traffic and different budgets. “If you intend to stay in the crypto market for years to come, SEO could serve as one of the most effective traffic generation tools in terms of cost per lead”, said Kirill Bezverhi, CEO of FINPR Agency. “Since 2017 we helped with PR hundreds of crypto and Web3 startups and to get organic traffic oftenly was one of the clients targets. In these cases SEO efforts are a much more suitable tool to hit the target. That’s why we’ve launched the crypto SEO service now”. With FINPR’s “SEO Audit Package” crypto companies will get technical SEO audit report, as well as backlinks profile analysis and Top-10 competitors comparison analysis. These needed to be done to figure out where we start from, and what targets co...

Bybit became the only crypto exchange to take multiple awards at the globally known International Forum (iF) Design Award 2023 . The UX tools it created gained it two awards this year, including awards for Bybit Copy Trading, which is an in-app crypto trading tool with a human touch to promote transparency and fairness in the new world of digital finance, and also Crypto Strategy Creation, which is a decision-making aid to help users strategize and personalize trading strategies and navigate the complex digital assets market. The awards were decided by 88 international independent design experts, and Bybit overtook numerous other crypto exchanges to stand out in the world of crypto exchange UX design. When it comes to making sure clients are happy, UX is a big part of the equation. A Culture of Clarity Bybit focuses on making its user experience as easy and straightforward as possible. In other words, the exchange wants to create clarity first for its clients. It uses a consis...

Miami, USA, May 17th, 2023, Chainwire IOVLabs, one of the global blockchain technology leaders, announced the launch of a $2.5 million strategic grants program to further enhance the development and adoption of Rootstock, the world’s first Bitcoin sidechain which has become a growing hub of DeFi activity on the Bitcoin network. The program was revealed today at the inaugural Bitcoin Builders Conference in Miami, a pioneering event focused on Bitcoin Layer 1 and Layer 2 developers. To discover eligible candidates for the grant program, IOVLabs also announced the launch of a Hackathon in partnership with HackerEarth , a global community of over 4 million developers.  The Hackathon will run from May to July, featuring an ideation stage, a development stage, and a final pitch to an esteemed panel of judges from the Bitcoin and Rootstock ecosystems. Blockchain developers from all over the world are invited to apply.  Given Rootstock’s compatibility with Ethereum Virtual Mach...