Regulated Swiss Crypto Bank SEBA Opens Doors

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Ho Chi Minh City to Develop Blockchain Regulations for Smart Cities

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Bithumb Global Announces Bithumb Coin (BT)

Bithumb Global Announces Bithumb Coin (BT)

Bithumb Global has officially announced the launch of Bithumb Coin, the token that will be the fuel of the Bithumb Chain. The initial supply will be of 300 million units but, through a burn program, the exchange aims to destroy 50 percent of the total supply. The news was published by Financemagnates on November 12.

Native Token for Bithumb Chain

The token will be launched under the “BT” ticker and will work as a medium of exchange for the Bithumb Chain ecosystem which will probably be launched during Q1 2020.

As already discussed by BTCManager, the Bithumb Chain is part of the Bithumb Family, a digital platform that aims to connect individuals, institutions, and companies both in the blockchain and classic financial sectors.

The Bithumb Coin will serve this purpose. Built with a model similar to that of competitor Binance Coin, BT will be used to carry out transactions within the Bithumb Chain and create a system of incentives that will drive the Bithumb Family.

The initial supply will be 300 million units. However, the exchange aims to use its revenue to buy back some of its tokens and burn them. The goal is to reduce the offer by 50 percent, thus bringing the number of units available to 150 million.

The token holders will also be involved in the Bithumb Chain governance model. This includes both the formulation and direction of network development and also the investment decisions of the Bithumb Chain. The Korean giant specifies that the token distribution will be based on the user incentive pool for a total of 30 percent while another 30 percent will be allocated for trading incentives.

Bithumb is Pushing its Offering

Bithumb Global is continuously pushing to expand its offerings and is eying to make a mark on the global map. Its daily trading volume accounts for almost all the bitcoin markets in South Korea as well as 15 percent of the global bitcoin market. Moreover, the creation of the Bithumb Token could be excellent to increase the engagement of Bithumb Family users, which are already around 8 million.

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AlphaPoint’s White Label Tech Now Lets Crypto Exchanges Offer Margin Trading

Crypto software firm AlphaPoint is bringing margin trading to its client exchanges.

Announced Tuesday at CoinDesk’s Invest NYC conference, the technology provider is adding support for margin trading, with a raft of trading options and controls for crypto brokerages and exchanges utilizing its software. 

AlphaPoint’s platform is customizable, to better serve clients operating in different markets and regulatory regimes, spokesman Patrick Shields told CoinDesk:

“Rather than creating a one-size fits all model, we focused on creating a platform that is highly configurable,” he said. “Some examples include requiring approval workflow for end users, and configurable minimum deposit size, leverage and liquidation levels, fees and other settings.”

At launch, the company said that no clients were immediately implementing AlphaPoint margin trading, but “several firms” are beta testing the platform, including the Canadian cryptocurrency trader National Digital Asset Exchange (NDAX), according to a press release.

Bilal Hammoud, NDAX founder and CEO, said in a statement that he looked forward to the partnership:

“We will bring BTC to CAD margin trading to Cryptocurrency and allow traders to enjoy a secure, compliant, and technologically advanced platform.”

Margin trading – when one buys a security (or in this case a cryptocurrency) using borrowed funds – is becoming increasingly prevalent in the crypto space as many popular exchanges continue implementing the feature. Binance rolled out margin trading in July, and Bakkt, Coinbase’s professional trading platform and Kraken all have the option.

But that increase has not come without pushback. Certain countries around the world have discouraged crypto margin trades and placed tight controls on the practice, as in Japan

Trading image via Shutterstock

Huobi’s ‘Regulator-Friendly’ Blockchain Goes Open Source

Huobi Chain, the regulator-facing public blockchain of exchange Huobi Group, is now open source and publicly available to all developers on GitHub, the firm said Tuesday.

Nervos, a blockchain development startup, is providing part of the technical infrastructure for the project.

The firms are developing pluggable components for the network that could enable regulators to supervise contract deployments, asset holdings and transfers, as well as the enforcement of anti money laundering regulations, Bo Wang, a Nervos researcher, told CoinDesk.

The components will also allow financial institutions, such as banks and regulatory agencies, to freeze assets and accounts in case of emergencies via sidechains, according to Wang.

“Supervision nodes will enable regulators to independently run and maintain nodes, extract data, and participate in the ecosystem’s supervision,” he said, noting Huobi Chain will also provide tools for pre-deployment audits and continuous tracking.

Huobi Chain unveiled the public blockchain in July in partnership with blockchain startup Nervos. It can be used for financial services and applications, including lending, debit services, stablecoins, security token offerings, exchanges and payment services, the company said.

The firm has touted the network as the first financial public chain to support nodes that let regulators contribute to the network as validators.

Huobi Group founder and CEO Leon Li said in today’s announcement:

“If major banks and financial institutions are to fully embrace and adopt permissionless blockchain technology, we need to create a safe and secure environment that makes it easier for them to transition their products and services to the blockchain.”

Nervos is also working with financial giant China Merchants Bank to develop its decentralized finance applications. The blockchain firm completed its $72 million token sale last week, and will launch its Lina mainnet on Nov. 16.

Huobi image via CoinDesk archives

Algo Affiliates Is Making Referral Marketing Easier Than Ever

Algo Affiliates, a world-leading marketing affiliate network specializing in crypto and forex, is looking to onboard partners and publishers for their technology-focused platform.

Do Affiliate Programs work?

A study into the prevalence of affiliate schemes conducted by Forrester Consulting found that a massive 81% of brands and 84% of publishers harness a referral marketing strategy.

Incredibly, over half of the publishers surveyed attributed 20% of their annual revenues to affiliate programs.

Further research by the national retail federation revealed that 38% of marketers cite affiliate schemes as the single best method to acquire new customers.

Given the apparent efficacy of the approach, it’s no surprise that affiliate programs have become a multi-billion dollar enterprise. Since 2015 a combined $26.7 billion has been spent on affiliate marketing in the US alone, with a further 6.82 billion estimated in 2020.

What is an Affiliate Network?

Coinbase, Trezor, and Ledger – to name a few – are among the significant crypto-based businesses offering an affiliate program. For companies, these programs act as a perfect means to draw in new customers with minimal drain on resources. For affiliates, schemes work as a good source of income, enabling go-getters to reap what they sow. However, for both, negotiating multiple affiliate programs can create an awkward juggling act. Networks, such as Algo Affiliates, negate this issue, providing a platform on which to organize each affiliate program and pair the client with the best offers.

Taking lessons learned from the decentralized space, Algo Affiliates has a global reach connected to over 150 prominent multilingual brokers, in 25 countries worldwide. Moreover, the company cites over 200 multilingual offers, inclusive of high-converting mobile-friendly landing pages, with comprehensive creatives tailored for every type of traffic.

Algo’s Patented Algorithms

Combining a wealth of experience with their partiality towards technology, Algo-affiliates is a perfect fit within the fintech industry. Specializing in both crypto and forex affiliate schemes, Algo optimizes offers for customers worldwide in order to achieve a high level of efficacy.

Offers are connected to an automated trading system, with a fully serviced email and SMS conversion funnel optimized to convert prospective customers effectively. On top of this, Algo’s in-house smart algorithms ensure that offers are suitable for the incoming traffic, country of origin, and broker.

Algo Affiliates explains how these patented algorithms work to secure a result for their customers:

One of the keys to our success and our partners’ success is our proprietary, self-optimizing technology that makes sure the perfect offer reaches the optimal audience at the best time.

Catered for All

While Algo Affiliates places the utmost importance on their publisher’s satisfaction. They also pride themselves on supporting the growth of their promotors, prioritizing on-time payments, and ensuring that affiliates aren’t forever having to chase up rewards. The platform offers 24/7 support is provided, enabling peace of mind, ready to answer all queries.

Multiple settlement deals mean that including Revenue Share, Hybrid Deals, Referring Affiliates deals, and cost-per-acquisitions (CPA) deals. A CPA deal is an especially popular option, whereby the referring participants receive a one-off fee for every client referred to the affiliated merchant – the more clients converted, the more lucrative the CPA.

Affiliate marketing has become a strong contender to traditional advertising methods. The approach continues to prove its benefits time and time again, providing an efficient means of outreach and a valuable source of income for both publisher and affiliate.

Around The Block With Jeff And Dave – November 11, 2019

Around The Block With Jeff And Dave – November 11, 2019

Bitcoin is at 9,000 again … What does this mean for us?

China doesn’t ban bitcoin! China is actually adopting blockchain-based projects.

Mastercard launches a ‘getting started’ kit in Asia.

We interview Alejandro with Poolin – Find out what real mining is all about.

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Stellar (XLM) and Ripple (XRP) Head for Significant Losses in 2019

Third party services may advertise Spread bets and CFDs on Cryptovest, which are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when spread betting or trading CFDs. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.

Crypto Exchange Bithumb Global Officially Announces ‘Bithumb Coin’ (BT)


Crypto Exchange Bithumb Global Officially Announces ‘Bithumb Coin’ (BT)


On Tuesday (November 12), crypto exchange Bithumb Global officially announced “Bithumb Coin” (BT), the native token of “Bithumb Chain”, the custom blockchain being built by its parent, Bithumb Korea (which is one of South Korea’s largest exchanges).

Bithumb Korea announced Binance Chain at the Bithumb Family Conference in Seoul on November 6. Here is what was said about Binance Chain:

Bithumb Chain aims to enable the transfer of value, the flow of information, and vertical business integration within a shared blockchain ecosystem. Bithumb Chain is designed as a powerful supplement to existing products, services, and infrastructure. This, in turn, should help every product and platform of the Bithumb Family to capture value from both upstream and downstream of the trading business.

Some key members of the Bithumb family are:

  • Bithumb Korea (the crypto exchange serving customers in South Korea (this is also the new name of the main parent company of the various Bithumb subsidiaries)
  • Bithumb Singapore (the crypto exchange dealing with customers in Singapore)
  • Bithumb Global (the crypto exchange for customers outside of South Korea and Singapore)
  • Bithumb DEX
  • Bithumb Custody
  • Bithumb DEX

Back then, Bithumb told Coindesk that it is hoping that the Binance Chain testnet will be ready to go live before the end of 2019 and that the mainnet launch of Bithumb Chain was expected to take place in Q1 2020. Bithumb also said that Bithumb Chain would be using a “revolutionary consensus model.”

Today’s press release by Bithumb Global says that Bithumb Coin (BT) “enables transactions within Bithumb Chain and provides the necessary mechanism for facilitating true incentives and value within the protocol.”

30% of the allocation of Bithumb Coin is for the user incentive pool and another 30% is for “trading incentives with a point system.” 

Bithumb Global says here are some other use cases for Bithumb Coin:

“Utility within Bithumb Chain for handling fees, usage rights of the Bithumb chain system and paying the transaction fees of the Bithumb Global platform as well as payment procedures for new products in the future. Through the system lease contract, users can also lease their BT to obtain leasing rewards. Moreover, BT holders can vote and participate in the governance of Bithumb Chain which includes project listing nomination.”

Bithumb Coin’s total supply will be capped at 300 million. 

Featured Image Courtesy of Bithumb Global

Unilever, O2 and Sky Join Blockchain Pilot for Digital Ad Transparency

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