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ETERBASE Acquires Further Legitimacy with Liechtenstein FMA Regulatory Assessment

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ETERBASE
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The ETERBASE platform has made significant progress in its efforts to become one of Europe’s leading exchanges, with a regulatory assessment from Liechtenstein’s Financial Markets Authority (FMA). Exchanges that are not regulated or in violation of jurisdictional rules will find it more difficult to compete in the long-term.

The Liechtenstein FMA Regulatory Assessment

The Liechtenstein FMA’s declaration that they will not regulate the crypto-to-crypto ETERBASE business model is another positive move for the growing cryptocurrency exchange. Lichtenstein is known as a jurisdiction that is very friendly towards DLT and is something of a blockchain hub.

The FMA further asserted that the issuance of the ETERBASE token (“XBASE”)  in its Initial Coin Offering (ICO) was not an activity that was subsumed under a currency exchange. The FMA relied on the legal opinion submitted to the regulator in making its decision not to regulate the cryptocurrency exchange. According to the ETERBASE blog

“Liechtenstein has followed the legal opinion as submitted to the regulator and does not intend to regulate the crypto-to-crypto business of ETERBASE at this time…This is because ETERBASE will not exchange crypto-to-fiat pairs on its own account, and instead will be merely matching exchange orders”

Who are ETERBASE?

ETERBASE are seeking to become the world’s first fully regulated exchange, and are closer towards this accreditation than any other cryptocurrency exchange. Their KYC and AML procedures are more robust than their competitors, of which the majority are seeking on doing the minimum or else avoiding regulations altogether.

But ETERBASE are also offering much more than regulation of customers seeking crypto trading, and are potentially going to replace traditional banking services. They are currently in the process of acquiring an Electronic Money Institution (EMI) licence.

This licence will enable ETERBASE to clear payments in the Single Euro Payments Area (SEPA) and to distribute debit cards to users. Customers can be issued International Bank Account Numbers (IBANs) and avail of typical fiat financial services, along with all modern cryptocurrency services.

SEPA covers over 500 million people and over 20 million businesses, so ETERBASE could soon be the biggest crypto exchange on the globe. The exchange has few competitors, especially in Europe, and is breaking into a market that other cryptocurrency exchanges have yet to venture.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Ludos Protocol Makes a Strong Case for Investors in Blockchain Gaming

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As games migrate to the blockchain and become increasingly complex, Ludos Protocol is set to capture this new market. It’s creating a solid ecosystem of DApps and toolboxes that provide Blockchain as a Service for developers to build and maintain sidechains.

Ludos Protocol solves one of the biggest issues that has given investors qualms about blockchain gaming: scalability. An overcrowded mainchain is a perennial problem that has hindered the progress of even the best-funded blockchain gaming applications. Thanks to a hybrid of Proof-of-Work and Proof-of-Stake consensus algorithms, Ludos Protocol is able to implement a multi-sidechain system. This allows any populated game to deploy its own sidechain of transactions while keeping the mainchain throughput at a minimum.

This is why Ludos Protocol has attracted investment from fund behemoth Softbank, whose previous ventures include Uber and Alibaba. Ludos Protocol is the fund’s third-ever foray into blockchain.  

Industry trends attest to Softbank’s interest in Ludos Protocol. Gaming produced a global revenue of over $200 billion in 2017, according to the latest report by Digi-Capital. It is a figure that is expected to grow to $300 billion by 2021, making the industry one of the most lucrative in the digital economy. It is also one of the ripest for change by blockchain technology. The development of a comprehensive blockchain infrastructure that suits the evolving needs of the…

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Why Investors Should Closely Follow the Earnings Season

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The earnings season has arrived, and investors around the world are excited to see what reports are companies going to publish. This is important as these reports contain companies’ earnings for the current year, which can provide investors with some valuable insight.

No matter what announcements the company has made throughout the year, it is the earnings report that indicates the firm’s true performance. As such, it often has a significant impact on its public image, the price of its stocks, as well as investors’ interest.

Earnings reports can open up new opportunities

When it comes to the cryptocurrency markets, 2018 has brought both, volatility and stability. Most of the time, prices were relatively stable, but this state was only reached after a harsh drop in January 2018. Since then, several smaller price surges, followed by just as large price drops, hit the market once again.

As a result, crypto traders were prompted to look for alternative investments. Earnings seasons often present numerous opportunities for resourceful investors. Analysts claim that earning reports managed to significantly impact prices of shares (by over 5%) since 2001.

It is expected that a lot of companies will try to take advantage of the earnings season in order to make a comeback, especially after the hit that markets suffered back in October. Various firms will also likely show insight into how the market behavior affected their profits and business, in general.

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TokenPay Litecoin Verge
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Ever since the cryptocurrency sphere was met with the news of the partnership between Litecoin Foundation, TokenPay, and Verge (XVG), the idea of them coming together has been among the most controversial news to ever surface in the cryptocurrency world.

The collaboration managed to even draw the attention of one of the most renowned crypto-influencer and bitcoin campaigner, Tone Vays. In his usual style, Tone took to Twitter handle on hearing the news, tweeting and expressing his disapproval while criticizing the creators of the three cryptocurrencies for allowing such a move to occur.

In retaliation to the attacks from Tone, Charlie Lee, the MD, and founder of Litecoin (LTC) posted his clarification on Reddit on the 17th July in regards to the partnership. Litecoin’s CEO started by explaining the dissimilarities between Litecoin as a currency and Litecoin as a company.

In his remarks, he said that Litecoin as a blockchain and crypto network is a decentralized network, whereas Litecoin Foundation as a company is a centralized non-profit institution whose goal is to ensure Litecoin (LTC) is developed, adopted, and used. Charlie also mentioned that Litecoin’s cryptocurrency and blockchain technologies did not require his direct services at the moment hence his concentration on Litecoin Foundation.

Charlie Lee made his remarks known saying:

“If Litecoin Foundation (LF) is exposed to not doing a good job, nothing should prevent another organisation to step in and do a better job. This is…

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