Day: May 5, 2018

Bitcoin press release: Holdvest, the new platform that will aggregate order books from many exchanges, offer trading for crypto index funds, enable investment in token events and support user-launched token sales.

30th April 2018, Moscow, Russia: HOLDVEST is a new form of blockchain investment platform that combines the best features of exchanges, brokerages, and instant trading apps. The centrepiece of the platform is a liquidity aggregator connected to all major crypto exchanges, enabling users to gain the best price for their trades from a single portal. This will power a wide range of user-friendly trading activities, making crypto investing more accessible than ever before.

The HOLDVEST platform will be monetised by means of the HDL token, which is hosted on the Waves blockchain. Tokens equivalent to 50% of all ongoing HOLDVEST revenues will be burned to decrease supply and deliver value to holders. The HOLDVEST pre-sale begins on 8 May with a discount of 35% and will last for one month or until the hard cap of $5 million is reached. The main token sale will be held towards the end of June, if required.

In addition to offering the best prices available on the market for any trade, HOLDVEST will enable the creation and trading on cryptocurrency index funds, allowing users to buy and sell diversified portfolios of cryptos with a single click.

The platform will also enable investment in popular token events, with tokens delivered directly to the user’s wallet, to be traded on HOLDVEST’s internal exchange or withdraw to an external account. It will additionally be possible for a user to launch their own token event from the portal, with all of the technical overheads managed automatically.

HOLDVEST therefore offers exceptional security, convenience and flexibility, and is suitable for experienced traders, institutional investors and newcomers alike.

The beta platform has already been launched. Users can register and test out the portal at beta.HOLDVEST.com.

Website: www.HOLDVEST.com
White paper: https://holdvest.com/Whitepaper0.1.pdf
Medium: https://medium.com/@holdvest
Twitter: https://twitter.com/holdvest
Telegram: https://t.me/holdvest

Media Contact: CEO
Name: Igor Pletenev
Location: Russia
Email: [email protected]

Holdvest is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Holdvest token sale is closed to US participants and participants of all countries in which ICOs are illegal.

The post PR: HOLDVEST Launch Universal Crypto Trading Portal appeared first on BitcoinNews.com.

It’s the combination of internal and external rules that ultimately dictates how blockchain-based platforms will operate, says Primavera De Filippi.

Singapore startup Tangem released its own version of a physical bitcoin banknote at a shopping centre in the city yesterday.

The banknotes are available in denominations of 0.01 BTC ($98) and 0.05 BTC ($485) at launch. Each note is a Samsung Semiconductor S3D350A chip which reportedly cost the Tangen $2 to manufacture. according to Cision PR Newswire, the Tangem Note is the first hardware storage solution with certification for its entire electronics and cryptography to Common Criteria EAL6+ and EMVCo security standards

Tangem co-founder Andre Pantyukhin is confident that the new notes are completely safe, maintaining that the chip, ‘addresses all known attack vectors on hardware and software levels” and the accompanying wallet is uncopiable.

The company’s headquarters are in Zug, Switzerland’s answer to Silicon Valley, home to over 200 blockchain companies and a global hub for cryptocurrency. Tangen says it has now has plans to distribute its notes globally, beginning with a first shipment of 10,000 production notes to prospective partners and distributors around the world for commercial pilots.

Pantyukhin comments that the notes have real advantages for the user and transfer of ownership is exactly like a fiat note in that as soon as the note is handed over, so is ownership, “Physically hand over the whole wallet together with the blockchain private key. No transaction fees, no need to await confirmation blockchain.” Each note will allow a user to instantly verify the validity of the assets by NFC via smartphone. He adds the company is continuing production with goal facilitating, “immediate, free and anonymous,” transactions for users.

According to Tangem’s press release the concept behind the notes was make the spending of crypto easier, “to radically improve the simplicity and security of acquiring, owning, and circulating cryptocurrencies for both sophisticated and incoming users.”

Although based in Switzerland and Singapore, Tangem manufactures in centres in South Korea and Southern China, Taiwan, Russia, and Israel.

 

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It has been a tumultuous week for San Francisco based Ripple Labs which now finds itself embroiled in another law suit. This time a disgruntled investor has taken up legal action claiming the blockchain firm has violated federal securities laws.

Digital Coins Created ‘Out of Thin Air’

According to Thursday’s class action suit which is currently being discussed on Reddit, the company failed to register with the Securities and Exchange Commission (SEC) before offering its digital tokens up for sale. James Taylor-Copeland, the San Diego attorney representing plaintiff Ryan Coffey, filed the suit to the California State court with a list of complaints regarding securities law violations.

It goes on to call out Ripple Labs, CEO Brad Garlinghouse, and a subsidiary company called XRP II as defendants and seeks unspecified damages on behalf of all investors that purchased the digital tokens. The allegations include the creation of virtual tokens ‘out of thin air’ from which the company profited by selling them to the public in an ‘endless initial coin offering’.

“A scheme by Defendants to raise hundreds of millions of dollars through the unregistered sale of XRP to retail investors in violation of the registration provisions of state and federal securities laws …”

The SEC has yet to officially announce whether cryptocurrencies such as XRP are considered securities. However, according to reports a former top regulator thinks two of the most popular cryptocurrencies, Ethereum and XRP, are “noncompliant securities” operating outside U.S. laws. It will be up to the courts to decide but Tom Channick, Ripple’s corporate communications boss told media;

“Like any civil proceeding, we’ll assess the merit or lack of merit to the allegations at the appropriate time. Whether or not XRP is a security is for the SEC to decide. We continue to believe XRP should not be classified as a security.”

Some are already questioning the sanity of the case which is likely to cost tens of thousands of dollars over the loss of just $551.89 by the plaintiff.

Binance Lists XRP/USDT

In related news, Binance announced the listing of XRP/USDT trading options yesterday which widens the reach of the company’s digital coins. The world’s third largest cryptocurrency has traded marginally higher today in Asia with a 1.4% gain to $0.90. Over the week XRP is up almost 10% and in the past month it has climbed 80% from $0.50 as the market recovering continues. It will reach a dollar once again if current crypto momentum continues.

 

Image from Shutterstock

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