BITVO Will Provide 24 Hours Customer Support Via Crypto-Exchange Platform In Canada

Bitvo, a private company with international coverage, founded by experienced financial services, payment and banking entrepreneurs, which offers a modern trading platform for the exchange of cryptocurrencies, is glad to declare about the launch of its crypto exchange platform in Canada, originally offering Bitcoin, Bitcoin Cash, Ether, Litecoin, Dash and Canadian dollars. Cash on the account of users  will always be accessible on your Cash Card which will enable quick and easy funding and withdrawal.

Bitvo has a purpose  to become Canada’s leading crypto-currency platform through buying, selling and trading of cryptocurrencies as easy as possible. Bitvo guarantees instant account setup, processing of deposit transactions and withdrawal of funds on the same day, as well as 24 hours customer support.

It is important to mention that the platform will have an automated user registration and identification systems, with free funding options. Transactions on this exchange will be processed instantly, meaning that users will have access to their funds throughout.

Bitvo offers its services for the exchange of crypto-currencies at low fees: deposits are free of charge, the commission for withdrawing funds from the account is 1%, and the commission for trade is 0.25%. In addition, Bitvo offers a Bitvo bank card that allows customers to make purchases and access cash on their Bitvo account in more than 2 million ATMs in 200 countries. The  card as well  has built in EMV security as well as access to Visa®’s Tap and Pay network, making it one of the most secure, feature-rich cards available today.

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Participants Of Blockchain ​​And Bitcoin Conference In Stockholm

On September 11th, 2018 Sweden will host the conference named “Blockchain & Bitcoin Conference Stockholm”, organized by Smile-Expo – international coordinator of business events. During the  conference will be presented different themes and questions related to the blockchain, and will be drawn special attention to the largest topical problems of the crypto currency market today.

The professional expert got to be the co-founder of the revolutionary technological organization Warp Institute and joined the financial company Goobit. During the event, the speaker will analyze and study the power of decentralized systems, evaluating  their lasting strength.

Head of “Digital & Innovation at Landshypotek Bank” Merete Salmeling is also invited to the conference. She will explain how you can integrate DLT into real estate, and what benefits it brings.

Regulatory and legal issues related to innovation will also be discussed by the speaker-lawyer, venture investor, banking specialist Guenther Dobrauz-Saldapenna (partner and leader of PwC Legal Switzerland). He provides business advice and has already written 10 books on innovative processes, money and technology. He is also a VC investor and an exponential technologies enthusiast.

Blockchain & Bitcoin Conference Stockholm is the second cryptographic event in Sweden conducted by Smile-Expo. The companies have already conducted 40 successful crypto conferences in 25 countries.

 

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Smart Dubai & DIFC Collaborate To Create “The First Blockchain-Court”

The Dubai International financial centre (DIFC) courts, a specialized court system that copes with commercial and trade disputes, has notified about the effort to create what will be “the first blockchain court.” The project is part of the Smart Dubai initiative, where partners use technology to “empower, deliver and promote an effective and safe experience for urban residents and guests .”

In the announcement of the project, Executive Director of the court of Dubai International financial center (DIFC) Amna Al Owais said that in the process of using  blockchain technology, Dubai will be firmly positioned in the front of legal technology and judicial innovation, setting standards for countries and the judiciary.

This kind of  cooperation  is the first and most important step in developing a future for a blockchain-based judicial system that will have ambitious advantages, such as  improving litigation, eliminating document duplication, and improving efficiency across the legal ecosystem.

This upcoming research will join experience and resources to investigate disputes arising from private and public blockchain with regulation and contractual terms encoded in the smart contract. Currently, transactions of blockchain-based smart contracts are irrevocable, and there is no technical means for unwinding the transaction.

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BINANCE Will Interact With Dapp Via Mobile Wallet ‘TRUST WALLET’

Binance, the world’s most popular cryptocurrency exchange, announced today that it has purchased a secure Ethereum mobile wallet-the ‘Trust Wallet’, which supports Ethereum and ERC20, ERC223, ERC721 tokens. It ensures entirely tested security framework sending, receiving and storing digital assets. Due to the ‘Trust Wallet’ you have entire control over your private keys that are stored only on your device. Trust Browser is a full Web3 browser that enables you to interact with decentralized applications (DApp).

As indicated by the announcement, the Binance team features the nature and quality of the ‘Trust Wallet’ software, making it the ideal platform for their mobile development.

This news came a week after Binance Labs, the venture division of the mainstream exchange Binance, uncovered that it had put resources into Libra Credit (LBA), a decentralized financial services platform for digital assets.

Binance was launched in 2017 and became the largest cryptocurrency exchange in the world in just six months. Its best-in-class technology, special attention to security and loyal user base have made Binance one of the favorite trading platforms of casual and professional traders. More recently, Binance has launched the Binance laboratory, the Binance Charitable Foundation, and Uganda’s first Fiat crypto exchange.

While the amount for which ‘Trust Wallet’ was purchased is currently not disclosed, Binance notes that the team will retain its autonomy and freedom to develop the core product.

 

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Banks Join With Technological Companies For Testing The Applications Based On Blockchain

Several of the world’s largest banks and technology companies are joining to test blockchain-based applications.

On Monday, Barclays, Citigroup and IBM announced that they will participate in the conceptual version of LedgerConnect interface. Reuters reports that Barclays and Citigroup are founding members and IBM is a software partner.

LedgerConnect blockchain app store will permit banks to address applications easier and faster by concentrating on making it less complicated.

Blockchains are more commonly used in cryptocurrencies such as Bitcoin, but they can also be used in other transactions such as contracts, records, and as well as in other data preservation operations.

They work as follows: the user makes a transaction request; this request is processed in a personal computer network called “nodes”; the nodes then check the transaction; after the transaction is verified, the network creates a new “block” that joins all other transactions; and then the transaction is completed.

The uniqueness of the block chain is their nodes and blocks. The network is fully decentralized through the use of nodes and blocks, and since each node has the same transaction record, this makes fraud much more difficult.

According to Reuters, many banks have started testing applications based on blockchain, but few have launched production.

 

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SBI Is Going To Launch The Cryptocurrency Market Derivatives

SBI Crypto Investment, a subsidiary of SBI Holdings,a financial services company group based in Tokyo, Japan,  yesterday (30 July 2018), purchased a 12 percent stake in the Clear Markets, a leading innovator, developer, and operator of electronic marketplaces and trading technologies. Although the details of the deal were not published, the deal, according to the reports, cost $ 9 million (1 billion yen).

Clear Markets, located in Charlotte, North Carolina, USA, is engaged in the development and operation of electronic trading platforms, as well as trading technologies. Through making the investments in the company, SBI Crypto Investment expects to establish a derivative trading platform that should draw the attention of the institutional investors.

The fact that virtual currencies are one of the most interesting assets in the current market cannot be argued. Nevertheless, their variability is an important deterrent and impedes their spread. In June and July 2018, Bitcoin fell by 30 and grew by another 30 percent.

Tokyo Financial company makes a significant investment in cryptocurrency with a market share of Bitflyer and CoolBitX. The first is a well-known platform for the exchange of cryptocurrencies, and the second-the developer of wallets. In addition to its stake in Bitflyer, SBI also owns a cryptocurrency exchange platform-the virtual currencies of SBI.

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The First Blockchain Loan In The Amount Of $ 300,000 Is Issued By The Agricultural Bank Of China

According to the recent announcement of  Financialnews.com the Agricultural Bank of China, also known as AgBank, one of the “Big Four” banks in the People’s Republic of China and the third in China in terms of assets, issued a loan in the amount of $ 300,000 in the Chinese province of Guizhou. The technology has been tested for the first time and this became the first blockchain loan issued by the Agricultural Bank of China.

Pursuant to the Bank, blockchain technology is a Tamper-Resistant Security Module (TRSM) that increases the manual approvals workflow activity

of loan applications and also settles the problem of double costs or the borrowers applying the identical real estate as a pledge to secure multiple loans from different credit organizations.

The Agricultural Bank of China indicated that it would like to ensure the farmers and the businesses with higher and more serious access to financial facilities, particularly those who possess agricultural lands or holdings in rural China.

Not only the Agricultural Bank of China uses blockchain technology in lending. Last month, Spain’s largest Bank, BBVA, signed a long-term joint corporate loan of 100 million euros with the construction company ACS using blockchain technology.

At present, 12 banks of China (26 publicly listed banks) have already initiated working on blockchain technology.

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