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ETERBASE Acquires Further Legitimacy with Liechtenstein FMA Regulatory Assessment

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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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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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Lost Money When BTC Plunged? Here is How I Earned Back!

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Bitcoin has keep downtrend for 13 months since the last bullish market in December 2017. Price has found support at the $3,600 area, though, and a pullback is taking place. Speculators, who want to make great profits on the BTC investment in a short period, have their funds locked up in the BTC spot market.

Investors worldwide are increasingly opting for BTC futures contract. Compared to the spot market, BTC futures trading can be an advantage for investors since it is a fast and cost-effective way to hedge BTC spot trades. With the price of BTC fluctuates repeatedly, BTC futures trading is much better for investors to profit from the price movements. And the leverage also allows investors to control a large contract value with a relatively small amount of BTC hold.

How to Trade Bitcoin Futures Perpetual Contract in Bexplus?

Bexplus is a promising Bitcoin futures exchange, providing BTC, ETH and LTC perpetual futures with up to 100x leverage. Different from the weekly or quarterly cycle which has expiration, perpetual futures enables traders to end the contract anytime at any price they want. And they can trade both sides of the market, i.e. getting long when they predict the BTC may rise or going short assuming the price may come down in short or medium-term in the future. 100x leverage can seem risky, but when used properly…

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Wirex adds WAVES to its Platform

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London UK, January 10th2018 – Wirex, the UK FCA-licenced digital money platform that facilitates the seamless conversion of cryptos and traditional currency, has joined forces with Waves to add the in-demand WAVES token to its platform. The WAVES token holds a unique place in the cryptocurrency spectrum because its underlying utility addresses some critical hurdles that hinder the mainstream adoption of blockchain technology, such as scaling, interoperability, and security.

Sasha Ivanov, CEO and Founder of Waves Platform, says, “We see Waves as the bridge that will facilitate the transition from web 2.0 to web 3.0. The goal of our team is to put tools in place that will allow both enterprise and individuals to easily implement their own blockchains while improving the UX of DApps and blockchain infrastructure.”

Like Wirex, the Waves Platform was purpose-built, and since its launch in 2016, Waves has become one of the fastest, most secure and user-friendly public blockchain platforms available.

In terms of its underlying protocol Waves is closer to Ethereum than Bitcoin. Ethereum is used to develop various DApps, but it can be expensive due to its Smart Contract language complexity and Gas fees that can grow dramatically over time. Waves Smart Contracts are simplified – they are a plug-and-play solution with fixed fees. Another improvement is the Waves-NG protocol with throughput of up to 1000 TX/s.

Pavel Matveev,…

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