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Showing posts from June, 2021

The Basic Margin Trading with Cryptocurrency for Leverage

Margin Trading with cryptocurrency allows users to borrow money against the current funds to trade cryptocurrency on “ margin” to exchange. The users can leverage their existing cryptocurrency or dollars by borrowing funds to increase their buying power that pays interest on the amount borrowed. Leverage tokens are an innovative trading product that emulates the benefits of trading on margin without the risk of liquidation. Whereas the traditional margin trading requires to deposit collateral, leveraged tokens are bought and sold in the same way as spot positions.  

How Blockchain Creates Systematic Value

Over the last few years there has been a big research surge on Blockchain Technologies and simultaneously there have been many attempts at integrating them for a myriad of business applications. Almost a decade ago Satoshi Nakamoto, the popular name behind the bitcoin development, bitcoin white paper author, and creation and deployment of bitcoin's original reference implementation described how blockchain technology could be utilized to resolve the problem of maintaining the order of transactions and to escape the double-spending problem, and privacy issues. According to a report by Grand View Research, Inc. The global blockchain technology market size is expected to reach USD 394.60 billion by 2028. A survey on eight banks by Accenture Consulting shows that the potential savings on a cost base of $30 billion are more than $8 billion. According to another blockchain statistics for business benefits of a blockchain shows that 23% of respondents cite value chain and new business mod

Tanzanian to have their own digital currency in the future

  The President of Tanzanian, Samia Suluhu said in a speech that “The Central Bank should be ready for the changes and not be caught unprepared,”. If ever this will push through Tanzanian would be the first country in Africa to have a digital currency regulation. Though they haven’t revealed if they would be using the existing digital currencies like Bitcoin, Ethereum, etc. or their own Central Bank Digital Currency. The Bank of Tanzanian took note and will start to move in making the president’s speech in reality.

Crowdfunding and the JOBS Act: What Investors Should Know

  "Crowdfunding" generally refers to the use of the Internet by small businesses to raise capital through limited investments from a large number of investors. Under SEC rules, the general public can invest in capital rising by start-up companies. This advisory is designed to help the public understand the crowdfunding rules and processes so they can make informed decisions about the risks and rewards of investing in these early-stage businesses.

China’s Digital Currency has big impact in the world

China's progress in releasing a central bank digital currency (CBDC) will have a huge impact on how quickly advanced economies follow suit. Central banks have been developing digital currencies to make financial system modern. China was the leading country after launching trials in digital currency, while Japan just started developing CBDC projects. Japan and other advanced nations will face the tough question of how quickly they should follow.  

Equity Token Offering

  Equity Financing is a common practice to share to raise the capital. The traditional method involves the existing shareholders diluting the company for the new investors to raise the capital in several rounds. There are two stages in equity token based finance; Private Locked up Stage and public Liquidity Stage.  These tokens are available for the investors through Equity Token Offering (ETOs). @USFCX Community Center

Seven benefits of Implementing Blockchain Technology

Blockchain is a secure, accessible and tamper proof system. Because of its digital signature and encryption, it's considered to be a very secure system. The technical community is also exploring other possible uses for technology using the technology. Here are seven benefits of implementing blockchain technology. 1. Transparency 2. Speed 3. Security 4. Fraud control 5. Access levels 6. Account reconciliation 7. No hidden fees @USFCX Community Center

Malaysia’s Central Bank to issue their own digital currency

  When China launched their own digital currency, interest in digital currency worldwide intensified as it had a big impact in other countries. But not all were astounded by the retail approach of China. Malaysia’s Central Bank will be experimenting with their own CBDC instead of using China’s retail digital yuan and Sweden’s e-krona. They didn’t share the initial timeframe of the experiment as they don’t have any immediate plans to issue the digital currency in their country. Director of Financial Development and Innovation of Bank Negara Malaysia, Mr. Suhaimi Ali said “Malaysia’s central bank will be running a proof-of-concept (PoC) project to gauge the merits of a central bank digital currency (CBDC) with an initial focus on wholesale CBDCs.” @USFCX Community Center

Swiss National Bank, no plan in introducing digital currency

  The Swiss National Bank is not planning to introduce a central bank digital currency (CBDC), according to a report. The government has been researching the possibility of a CBDC since at least 2019, when the Swiss parliament asked the government to examine the potential of creating one. SNB's chief economist Carlos Lenz said, “This is not about implementation on a productive level,” Lenz stated. “There are currently no plans to introduce digital bank money. This also applies to the wholesale area.” @USFCX Community Center

New FinCEN Guidance Shows Decentralized Apps (Dapps) and Exchanges (DEXs) are Next Target

 The Finacial Crimes Enforcement released new regulations. This regulation titled Application of FinCEN's Regulation to Certain Business Models involves convertible virtual currencies. This regulation enable to determine whether they are acting as of money transmitter it provides insight on how the new regulation applicable to cryptocurrency users.  @USFCX Community Center

Forkast Decodes China's Ambition Behind Asia'a Blockchain Boom.

  Forkast.News announces today a groundbreaking three-part series, Asia Powers Up: How the region, led by China, is embracing blockchain and what that means for the world, that dives into China's determination to lead the future of digital technology and its effects on geopolitics and the global financial system. The multimedia production, supported by the Judith Neilson Institute's Asian Stories project, is simultaneously published by several partners, including Newsweek and South Morning China Post for three consecutive days starting June 28. Many Asian nations are moving quickly to embrace their own central bank-backed digital currency. and China has invested deeply in the world's biggest blockchain ecosystem. The series describes how China is influencing the region, and its impact on the future of the internet. It shines a light on the erosion of privacy as a result of the use of digital money. @USFCX Community Center

EPFR Joins FinTech Sandbox as Data Partner to Promote Innovation in Financial Technology and Services

  FinTech Sandbox, is  a nonprofit that drives global FinTech innovation and collaboration, announces today’s partnership with EPFR, a subsidiary of Informa plc and worldwide industry leader providing fund flows and allocation data to financial institutions. EPFR will make the data available to FinTech Sandbox to help fuel the future of financial innovation. Informa Financial Intelligence serves the world’s largest investment managers, investment banks and consumer retail banks by providing competitive benchmarking, market sentiment and specialty data that powers better investment decisions and product development. Datasets made available to FinTech Sandbox residents will include institutional fund flows for equity and fixed income funds on a daily, weekly and monthly frequency, along with monthly fund allocations at a country, sector, industry and stock level. FinTech Sandbox facilitates innovation in the financial sector by making data and infrastructure available to well-qualified F

How blockchain technology can disrupt financial services

 At least from a financial standpoint, blockchain technology has the potential to revolutionize the world. Horváth experts outline the technology's disruptive potential as well as some potential dangers. Simply explained, blockchain is a decentralized, secure, and transparent mechanism for recording financial transactions in a massive, distributed ledger.  Blockchain could eliminate data privacy, inefficiency and cost efficiencies. It could also open up investments and securities trading to anyone in the world. But barriers persist to edging out the mainstream - most notably regulators, financial institutions and consumers' buy-in. @USFCX Community Center

Palestine Central Bank to consider launching a CBDC in their country

Palestine's central bank says they are studying the development of a digital currency in their country. They conduct two studies for the cryptocurrencies for domestic and international payments. Palestinians haven't had an individual currency for 70 years, and their economy relies on Israeli shekel for every transaction. Analysts expressed uncertainty with the study of Palestinian digital currency. Raja Khalidi, the director of the Palestine Economic Policy research said “The macroeconomic conditions don’t exist to allow a Palestinian currency – digital or otherwise – to exist as a means of exchange,”  @USFCX Community Center

How to get Gemini Earn & Gemini Custody

  Gemini Custody provides a solution to store the digital assets to regulated, secure, and compliant manner the secured offline proprietary Cold Storage System. Gemini Custody is the ideal individual customers seeking the highest levels of security and institutional customers like hedge funds, mutual funds, and exchange-traded funds, who may require by law to store their digital assets with a qualified custodian like Gemini. In the Gemini Custody Account, customer’s digital assets are segregated using the unique digital asset address which is independently verifiable and auditable for respective blockchain. @USFCX Community Center

UN sees blockchain technology as tool to fight climate crisis

  The U.N. says Bitcoin's underlying technology has massive potential for fixing global issues such as climate change. It says it will keep exploring the uses of blockchain technology as a way to fight the climate crisis and help reach a more sustainable global economy. Cryptocurrency is still in its infancy, with many technological and political challenges. By providing a mechanism to develop clean energy markets, blockchain technology can also help to drive renewable energy sources like wind and solar power. “Because these sources are inherently intermittent and decentralized,” the study states, “new forms of energy markets are required.” The United Nations stressed that cryptocurrencies are still in their infancy and that many technological challenges remain. @USFCX Community Center

Central Bank Digital Currencies Blueprint

  European Central Bank executive Fabio Panetta said that a digital euro would protect consumer privacy. Central banks could have vast data repositories of nearly every transaction in an economy. Britain's choice of world war two codebreaker Alan Turing to feature on its new plastic £50 note is ironic. The Bank for International Settlements is right to call for a two-tier financial system. It advocates an account-based design with regulated private banks dealing with the public and the central bank maintaining digital currencies. But more radical steps such as handing more personal data to the central banks need more widespread consultation. @USFCX Community Center

Automated Crypto Trading

Automated crypto trading is a platform automated in software that trades the currency for the user. It is an automated system that can make it online in a trading bot and select the strategy to use. Once the user selects an automated trading bot , the program will buy or sell the crypto currency based on the parameter of the software.

Unlocking the potential of Blockchain Technology

The Marshall Islands is seeking to become the first country to issue a national digital currency. The new currency will be based on blockchain technology developed by MIT professor Silvio Micali. Officials hope the move will help citizens avoid high transaction fees and protect against inflation. Micali put off learning about blockchains for years after the creation of Bitcoin in 2008. In 2017, Micali started from scratch to build a better version of the technology. He credits MIT's ecosystem with helping him start Algorand, his new company. Algorand is a decentralized, secure, and decentralized cryptocurrency. The company has created smart contracts that can self-execute based on predefined conditions in their code. Algorand's community has also built a marketplace for small purchases of gold and investments in startups @USFCX Community Center

China Central Bank ordered the banks to cut their digital currency-related activities

  China's central bank has ordered commercial banks to cut off all digital currency-related activities. The People's Bank of China (PBoC) recently summoned the country's leading banks and payment providers as part of the fresh crackdown amid the bank's efforts to step up its CBDC pursuit.

"The CBDC created by Covid-19 that accelerated the digital economy"

  Since the COVID-19 crisis, credit cards and digital payments have increased worldwide, leading to a 'cashless society' approaching faster than expected. In other words, it can be said that it is a digital legal currency for each country. CBDC (Central Bank Digital Currency) is a digital currency issued by the central bank and is created based on blockchain technology. The monetary form is changed to digital rather than banknotes or coins, and the price is also fixed one-to-one with the existing legal currency, so there is little change in value. Central banks in each country say, "The use of cryptocurrencies such as Bitcoin as a means of payment is very limited and has no intrinsic value. @USFCX Community Center

The US central bank, "Digital dollar being prepared"

The US central bank, "Digital dollar being prepared" In the United States, each federal bank, including the Federal Reserve, has been conducting its own CBDC research. “The Fed has been working on CBDCs since before COVID-19,” said Cleveland Fed President Loretta Mester when revealing his digital dollar research in September last year. “We are building and testing various distributed ledger platforms to find the benefits and trade-offs of CBDCs.” The U.S. Monetary and Financial Services (OCC) is seeing a change in mood, such as opening the way for commercial banks to use block chains and stablecoins (dollar-linked virtual assets) in their payment systems, and Gary Gensler Securities and Exchange Commission (SEC) As a large number of virtual asset experts, including the chairman, have been put into key positions in the Biden government, the discussion on CBDC is also accelerating. @USFCX Community Center

Opening on August 15, 2021

On August 15, 2021, we take the first step towards a global opening. USFCX_Foundry Exchange is preparing to enable cryptocurrency, peer-to-peer. In the first half of 2022, "CBDC"_ Central Bank Digital Currency issued by country can be exchanged. @USFCX Community Center

We take the first step towards a global opening on August 15, 2021.