Bitpanda goes global: Announcing the Bitpanda Global Exchange and the IEO for the ecosystem token BEST

Vienna, 5th of June 2019 – Vienna-based fintech Bitpanda will launch the Bitpanda Global Exchange, a global cryptocurrency exchange for experienced traders, professionals and institutions. The Bitpanda platform will also get its own ecosystem token through an Initial Exchange Offering (IEO).  BEST (Bitpanda Ecosystem Token) will offer a range of benefits and incentives to nearly 1 million Bitpanda users.

• The Bitpanda Global Exchange allows global crypto-to-crypto and fiat-to-crypto trading
• Popular trading pairs including BTC/EUR, BTC/USDT, ETH/EUR, XRP/EUR, MIOTA/EUR, ETH/BTC, XRP/BTC, MIOTA/BTC, PAN/BTC, BEST/BTC, BEST/EUR and BEST/USDT.
• Fiat deposits (Euro, Swiss Franc and British Pound) in the majority of European countries; withdrawals available globally
• Bitpanda Ecosystem Token (BEST) IEO launches on July 9th, 2019
• BEST offers up to 25% trading fee discount plus additional rewards and perks
• Growing list of popular trading pairs and funding options
• Competitive fee structure
• State-of-the-art API
• Highest security standards
• BEST trading will start on August 7th, 2019

Bitpanda, the Viennese fintech with around 1 million users and more than 100 employees is launching the Bitpanda Global Exchange, a digital asset exchange for experienced traders, professionals and institutions. Bitpanda Global Exchange (Bitpanda GE) builds upon the popular, easy-to-use Bitpanda platform, which is the go-to-place to buy, sell and store digital assets like Bitcoin, Ethereum, digitised gold and more in Europe.

Bitpanda GE is available globally for crypto-to-crypto trading. Verified Bitpanda users within the majority of European countries can also deposit Euro, Swiss Franc and British Pound. Bitpanda GE is closely connected to the Bitpanda platform, which means that users can move funds easily between them. Bitpanda GE launches with popular trading pairs such as BTC/EUR, BTC/USDT, ETH/EUR, XRP/EUR, MIOTA/EUR, ETH/BTC, XRP/BTC, MIOTA/BTC, PAN/BTC, BEST/BTC, BEST/EUR and BEST/USDT and many more to come.

“Offering experienced users, a way to trade digital assets and building the largest Euro exchange is the next logical step for us. Bitpanda has been around since 2014 and we are a key player in Europe. We can build on a lot of synergies and experience,” says Bitpanda CEO Eric Demuth.

As part of the Bitpanda Global Exchange launch, Bitpanda is also launching its first Initial Exchange Offering (IEO). The Bitpanda Ecosystem Token (BEST) is the coin of the Bitpanda ecosystem that offers users a wide range of benefits and perks within the Bitpanda ecosystem. The growing community of around 1 million Bitpanda users will be able to benefit from a wide range of rewards and perks. For example, they will get a reduction of up to 25% on Bitpanda trading fees, gain priority access to the upcoming Bitpanda Launchpad, which will be available later and allow the launch of third party IEOs.

“BEST will play a vital role in Bitpanda’s global expansion and in making our vision of democratising personal finance and investing. BEST is the fuel of the Bitpanda ecosystem, which means that the Bitpanda platform, the Bitpanda Global Exchange and future products like the Bitpanda Launchpad will make heavy use of incorporating BEST”, says Bitpanda CEO Eric Demuth.

About Bitpanda

Bitpanda is a fintech based in Vienna, Austria founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. The company is a firm believer in the innovative power of cryptocurrencies, digitised assets and blockchain technology. Bitpanda’s mission is to tear down the barriers to investing and bring traditional financial products to the 21st century. Today, Bitpanda has around 1 million users and more than 100 team members. With a PSD2 payment service provider license, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. Users can currently trade Bitcoin, Ethereum, gold and over 20 other digital assets.

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BENEFICA ACCEPTS CRYPTO PAYMENTS

S.L. Benfica, a Portuguese professional football team, and UTRUST, an international cryptocurreny payment gateway, partnered in order to allow Benefica supporters to buy tickets as well as merch using crypto coins on the club’s website.

Now, S.L. Benfica is the first large football club in Europe that accepts crypto asset payments.

The club was founded in 1904 and is currently the most popular football club in Portugal with over seven mln social media followers and fourteen mln fans all over the world.

Benefica appeared in the UEFA champions league 37 times and hold the European record for the most consecutive wins in the domestic league.

By partnering with a crypto project like UTRUST, S.L. Benefica transformed its online service strategy as well as reached new global markets.

This tactic would also help the club gain the attention of Portuguese crypto asset holders.

UTRUST revolutionized the financing and payment spheres by providing crypto investors the opportunity to make instant crypto-to-fiat transactions.

This partnership will also give Benfica the opportunity to access a larger customer base as the online experience of fans will be significantly better.

“We’re excited to announce that our website from now on will accept crypto coins as a payment method. We owe the club’s uniqueness to our fans and we understand that many of them use digital currencies. Because of this, we made the decision to adopt this novel and revolutionary technology that are crypto coins and to improve the online experience of our dedicated fans,” stated the chief executive officer of S.L. Benefica.

The club will now have a more secure payment system and the payments will settle into the club’s bank account in fiat the same day.

“Cooperating with Benefica, the best Portuguese football club, is a great achievement for UTRUST and, also the crypto community at large. Benefica is among the largest football clubs globally and it’s an honor to enable their fourteen mln supporters to make crypto payments worldwide,” expressed the co-founder of UTRUST, Nuno Correia.

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John De Mol sued Facebook over crypto-asset ads

Reuters reports that Dutch billionaire John De Mol sued Facebook over crypto-asset ads using his photo without any permission.

The Facebook ads promoted false related to crypto-asset companies or stimulated users to transfer money and buy BTC, stating that all the projects are baked by Mol or he is involved in them.

Therefore, Mol claims that it supposedly has negatively affected his reputation. His lawyers declare that ads resulted to $1.9 mln loss by consumers. Mol’s advocate Jacqueline Schaap mentioned that the social media giant should not allow this kind of incidents to happen and it should prevent them from occurring. Moreover, he added that the existing vetting method is not working properly. He noted:

“I don’t know in what reality Facebook lives, but that does not work.”

As stated, the social media platform director of product management Rob Leathern told reporters that Facebook takes the social media policy violating misleading and public figures featuring ads quite seriously. He also noted that John De Mol impacting ads is also included.

Facebook lawyer Jens van den Brink reported that the platform cannot be forced to check whole time all Facebook ads. In addition, he told that Facebook had removed the ads immediately after being aware of complaints.

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BINANCE WORKS ON GBP STABLECOIN

Stablecoin maintains a rapid increase in popularity and use as Binance shows support for it and adds a new one on their exchange.

Binance, one of the largest crypto exchanges worldwide, was established in 2017 in China but moved to Japan after the Chinese government announced crypto regulations in the same year. The exchange not long ago moved to Binance Chain, a blockchain software system developed by Binance itself.

It has been rumored that Binance is testing a stablecoin based on the British Pound (JBP). The reason is that a new listing “BGBP” arrived at the Binance platform.

One of the users observed this and questioned Changpeng Zhao, a Chinese-Canadian businessman and the CEO of Binance. Zhao clarified that the GBP stablecoin is currently being tested.

Many crypto enthusiasts believe that stablecoins are the solution to the problem of crypto asset adoption since they provide users with currencies that possess all of the positive characteristics of crypto assets with no major volatility issue.

This new tactic of Binance will open many opportunities for stablecoins.

The crypto exchange Binance has quickly become one of the leaders in the crypto sphere and it continues to grow and rapidly expand.

However, the relationship between Binance and the US is rocky. It has been declared that in July users of the Binance decentralized exchange from the US and twenty eight other countries will get blocked.

Right now, it is not clear what way cryptocurrencies will go. Many people consider that crypto assets should store a unique value, while others argue that they will be used only as payment methods.

The main differentiator between these perspectives is the volatile nature of decentralized assets such as cryptocurrencies. This is why many crypto investors believe that stablecoins are essential for mainstream adoption of crypto coins.

Stablcoins aren’t just less volatile than other cryptos, in fact, they are favored by governments and large business firms. On the other hand, they are linked to fiat currencies, which is opposite to one of the core principals of crypto.

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Justin Sun Pays $4.57M to Lunch With Warren Buffett

The founder and CEO of Tron, Justin Sun won a lunch with Buffett on eBay auction.

He announced about the lunch on his official Twitter account.

I officially announce I’ve won the record-setting 20th-anniversary charity lunch hosted by @WarrenBuffett. I’ll also invite #blockchain industry leaders to meet with a titan of investment. I hope this benefits everyone. #TRON #TRX #BTT #BitTorrent pic.twitter.com/EMZ4TMhgpR

— Justin Sun (@justinsuntron) June 3, 2019

This news wasn’t left without feedbacks. ZenGo CEO Ouriel Ohayon, mentioned on Twitter: “Nice marketing coup. The irony is that this charity lunch was paid with crypto earned money that is so much hated by Buffet”.

Also Justin Wu did not stay away, “Warren Buffet was Tai Lopez’s mentor. Now he can be Justin Sun’s for $4.5m lunch date. I am jealous. Much value wow”.

It is reported that in order to win the auction Tron founder bid 4 567 888 USD. Buffett has been holding the auction for the previous twenty years.

Bloomberg notes that Sun can take out 7 people with him to the lunch.

The profits formed from the auction will be donated to GLIDE, which is a non-profit foundation. It is also reported that the wife of Buffett was a volunteer in GLIDE till 2004.

It is worth to note that the co-host of the auction was “eBay for Charity” that allows users of eBay to help charities of their choice by donating platform-earned profits and additionally contributing to diverse causes.

Recently, Sun made an offer to pay 7 000 Bitcoin to compensate previous month Binance financial loss. However, Binance CEO rejected the offer. He also declined offers from QKC and Coinbase.

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BITFINEX IS LAUNCHING A STABLECOIN

According to a crypto website, The Block, Bitfinex, a large crypto asset exchange, will be launching the Tether (USDT) stablecoin managed by Tether or the Lightning Network.

Bitfinex is a crypto exchange owned by iFinex Inc. and was founded in December 2012. Currently, the exchange is listed as the 40th crypto exchange by adjusted value in coinmarketcap.com.

As stated by The Block, Paolo Ardoino, the Chied Technology Officer (CTO) of Bitfinex, mentioned that the exchange has scheduled to release USDT on Lightning Network later in 2019. In order to further this goal, the company supposedly cooperated with the RGB project.

The RGB project, based on its GitHub repository, is an entirely free, non profit, open-source and community-oriented effort intended to develop standards for issuing, transmitting and storing crypto assets.

Ardoino also announced that the development was one of the best projects Bitfinex had participated in as of today.

He continued saying that Bitfinex has the intention to support the Lightning Network’s project. In April of 2017, Tether released a post demonstrating that the firm was already planning to launch a stablecoin at the time.

Tether, based on Cointelegraph’s report, has announced its up and coming partnership with Block.one, an open-source software publisher that began offering EOS tokens in June 2017. This partnership’s motive is to launch its stablecoin on the EOS blockchain.

Lately, it came out that the American social networking service Facebook held negotiations with large crypto exchanges from the United States about the launch of its stablecoin.

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Binance DEX To Block Users From 29 Countries

The decentralized exchange (Binance DEX) of the leading global crypto-asset exchange and ecosystem, Binance is planning to block access to users based in 29 countries by July 2019 (UTC 00:00).

Binance informs about the restriction with a pop-up appearing when a user accesses the platform from one of the countries. It is quite curious to note that among the countries is also the United States.

Below is the message appearing in the website.

Source: https://www.binance.org/

Further, the statement links to the Binance Chain supporting wallets list, offering them to the users as cryptocurrency holding and managing alternatives.

This statement got a strong response by the crypto-asset community, which described this decision as a sign that the Binance DEX is actually not decentralized. Whale Panda, one of the crypto enthusiasts, mentioned on Twitter:

“Reminder that it was never a DEX so stop calling it a DEX. It’s just a word they used to pump $BNB, it was never meant to be decentralized.”

Reminder that it was never a DEX so stop calling it a DEX. It’s just a word they used to pump $BNB, it was never meant to be decentralized.https://t.co/wh72aGeWqP

— WhalePanda (@WhalePanda) June 1, 2019

It is also worth to note that Binance lauched DEX on its native blockchain in the second half of April of this year. The main purpose was to enable community progress and foster long period vision of peer-to-peer trading of the industry.

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