BITOZZ is a decentralized platform created to facilitate a crypto derivative market on which traders can access various trading and investment instruments such as the futures and options. This further creates room for a strategic, highly liberating, low risk, and seamless trading experience.

The use of smart contract and blockchain technologies allows the platform to have a network that makes any type of trading less complex and even more diversified in offerings. Users of the platform have the freedom of hedging, speculating, and diversifying their portfolio all because of the availability of an array of derivative instruments.

All types of traders can find any product they like on the platform that simplifies their whole experience and gives them a chance to maintain control over the customization of that experience. Through the expansion of the choices for the users, the platform’s ecosystem helps the user in making the decision on the most suitable strategy for trading and investing their assets.

How Bitozz Crypto Trading Exchange For Futures & Options Works?

Products offered by the platform include the spot trading, margin trading, and options trading in American options that are very advantageous to the investor since their execution is any time before they expire.

The final product that the platform offers is the advanced APIs and financial integration that gives users a trading experience that is hassle-free while allowing them to be connected to rest, fix, binary, as well as third-party custom APIs. The architectural design also enables its integration with the banking, settlement, and payment gateways.

The Bitozz Solution

The platform has generated the most advanced order types that facilitate algorithm trading for every type of user. The platform aims at eliminating the carrying cost by replacing it with one-time fees just as it happens in spot trading. The BITOZZ exchange is not limited to just the derivatives products but also offers a one-stop shop solution.

The platform’s tokens called the BITOZZ tokens to operate on the Ethereum blockchain. The token features include 10% of the profits accrued being shared monthly as the dividend to token holders and 10% used to buy back and then burn the BITOZZ tokens. The tokens can also be used as collateral on the platform for fiat loans. Token holders get discounted fees structure upon using the BITOZZ tokens.

Bitozz Benefits

Advanced Order Types

The platform entails advanced order types that quickly and efficiently enable algorithm trading on the platform. The trading can be in cover order, multiple orders, or bracket order.

Hedging

The platform allows its users to easily speculate and diversify their portfolio through the various product offerings that are available for use.

Quick Trade Execution

Users can quickly and precisely execute trades through the platform’s exclusive ‘Point-and-Click’ trading interface that is ladder based and highly effective.

No Carrying Costs

The platform allows its users to leverage up to twenty five times more without them having to incur carrying or funding costs. This makes it very affordable and easily sought after.

The International Monetary Fund (IMF) has warned the “rapid growth” of bitcoin and cryptocurrency assets could create “new vulnerabilities in the international financial system,” as the world’s banks adjust to the recent bitcoin and blockchain boom.

Bitcoin and cryptocurrencies, including Ripple Lab’s XRP token, ethereum, litecoin, EOS, and stellar, are being examined by the traditional financial system to gauge how they might be integrated as both investment tools and ways to move money across borders more quickly and cheaply.

The excitement around how bitcoin and cryptocurrency technologies, based on the blockchain distributed ledger, has propelled the price of many major cryptocurrencies to stratospheric highs over the last 12 months. Last year, the bitcoin price ballooned from less than $1,000 at the beginning of 2017 to almost $20,000 in December.

The bitcoin price has since fallen sharply back, currently trading at around $6,500, and dragging many of the biggest cryptocurrencies with it — many of them recording 80% declines from their peaks.

Financial regulators around the world are trying, with mixed success, to get a handle on the bitcoin and blockchain phenomenon.

Last month the UK government branded the world of cryptocurrency a “wild west” and suggested oversight of the burgeoning industry be handed over to its primary financial services industry, the Financial Services Authority.

In February the IMF chief Christine Lagarde said international regulatory action on cryptocurrencies is “inevitable” and that the IMF’s concerns over cryptocurrencies stem largely from their potential use in illicit financial activities.

“An indiscriminate rollback of post-crisis regulatory reform and oversight—both domestically and internationally—could encourage excessive risk-taking, leading to a further buildup of financial vulnerabilities,” the latest IMF October report also warned.

Some banks are considering implementing Ripple Labs new xRapid service, which handles cross-border transfers using the digital XRP token and is designed to work as a bridge between different currencies around the world, allowing payment providers and banks to process faster cross-border transactions. Earlier this year Ripple Lab’s chief executive Brad Garlinghouse boasted there would be “dozens” of banks using xRapid by the end of 2019.

Elsewhere, many big investment banks, including the likes of New York-banking giant Goldman Sachs, are experimenting with bitcoin products to allow clients to participate in the cryptocurrency market without having to deal with often clunky and relatively unregulated bitcoin and cryptocurrency exchanges.

Meanwhile, a report out last month from cybersecurity firm McAfee found that cybercriminals are ratcheting up efforts to target devices with cryptocurrency malware. Christiaan Beek, the lead scientist and senior principal engineer with McAfee Advanced Threat Research, said that in the past few years devices like internet routers have emerged as possible targets for so-called cryptomining.

Approximately $1.5 billion worth of cryptocurrency has been stolen in the past two years, according to McAfee.

This isn’t the first time the IMF has warned over risks from bitcoin and cryptocurrencies. The IMF’s stability report last week said:

Despite its potential benefits, our knowledge of its potential risks and how they might play out is still developing. Increased cybersecurity risks pose challenges for financial institutions, financial infrastructure, and supervisors. These developments should act as a reminder that the financial system is permanently evolving, and regulators and supervisors must remain vigilant to this evolution and ready to act if needed.

Hong Kong investment firm Summer Capital has taken a stake in start-up SEBA Crypto AG, which aspires to be the first cryptocurrency investment bank, pending approval of its license application before Swiss authorities.

Summer Capital spokesman Jack Chung said he expects SEBA, which is headquartered in the affluent Swiss municipality of Zug, to receive approval as a banking and securities dealer by the Swiss Financial Market Supervisory Authority.

Approval by regulators will support the development of cryptocurrency banking services, enabling SEBA to subsequently extend its services to Asian blockchain companies struggling to access the traditional banking system.

The investment is the first by Summer Capital in the areas of blockchain and cryptocurrency. Summer Capital, which manages more than US$1 billion, may also invest in an initial coin offering by SEBA, slated for 2019.

“We believe we could support SEBA’s plan to expand into Asia, a region where cryptocurrency trading and blockchain projects have been flourishing,” said Chung. Summer Capital also invests in fintech, logistics and consumer technology companies.

Another institutional investor in the series-A funding round, worth 100 million Swiss francs (US$100.8 million) is US investment manager Black River Asset Management. Chung declined to say how much his firm had invested.

SEBA chief executive Guido Buhler, a former head of asset servicing at UBS, said the firm expects to receive regulatory approval in the second quarter of 2019. SEBA will initially focus on offering transaction banking, an area which many blockchain companies are dissatisfied with current services on offer.

“It has been tough for blockchain start-ups to grow their businesses as they are unable to access the traditional banking system. We are building infrastructure to allow companies to pay salaries in cryptocurrencies, and bridging the disconnect between fiat and cryptocurrency payment,” he said.

The company says it will build out its technology infrastructure, and more than double its headcount to 55, from 20 currently, by the end of the first quarter of 2019.

Apart from banking services, it will also provide digital asset custody services to institutional clients.

Zug, which is located 25 kilometres south of Zurich, is dubbed Crypto Valley due to its openness to blockchain innovations and start-ups. The city accepts bitcoin payments for government services, underlining its openness towards cryptocurrencies as a means of payment. There are over 400 blockchain and cryptocurrency companies active in Switzerland, according to the Crypto Valley Association.

Buhler said going forward, SEBA will also provide liquidity services to various cryptocurrency- exchanges, including those that operate in Asia.

Andreas Amschwand, SEBA chairman, was a former UBS global head of foreign exchange.

Blockchain Company FHM (Pty) Ltd has launched the Initial Coin Offering (ICO) for SAFCOIN, an exclusive African cryptocurrency that aims to make digital currency investment easy and understandable for everyone in Africa. Around lakhs of SAFCOIN tokens are available to the country of South Africa. It is offered in the initial coin offering. It is offering the local people of South Africa to invest in SAFCOIN during the startup itself. Tokens are even get brought to the initial coin offering which can migrate to coins. This is going to end on this month ending that is 31st of October.

Co-founder of SAFCOIN, Neil Ferreira is saying that the Blockchain Cryptocurrency is very confusing and it is unfamiliar to the local people, so this can prevent widespread adoption. And they are hoping that they can educate the people about the advantages of the cryptocurrency and it can help them to understand how to trade and why to trade. Even they can learn and can be a piece of the digital currency world revolution.

The South Africans lost many of the chance to invest in Cryptocurrencies like LiteCoin, BitCoin, and the ethereum when this gone rush in 2010.

SAFCOIN’s goal is to make the payment entire Africa and get the trading online. They want to boost up the trading in Africa. And they want to simplify the cross-border payment process in the counties by removing large transactions and red tapes.

They are thinking to increase the knowledge and education levels regarding the Crypto world in the African people.

5 lakh SAFCOIN tokens are available to the investors only for just R70 per token. It is with a South African bank account.

Registration procedure

● Visit the website https://safcoin.co.za
● Select ‘Buy tokens now’ option
● Read the terms and conditions carefully
● Select the tokens how many you want to purchase
● Then choose a verification method. Like email or text message. Because you need to enter a one- time password.
● Then pay by cash deposit/ EFT

By this way, uers can register yourself and can be an investor. Tokens can be migrated to the SAFCOIN cryptocurrency exchange world.

Ferreira is also saying that cryptocurrency is a store of wealth and it is payment processing system to facilitate affordable payments.

They have opened a call center for getting assistance and support to the local people of South Africa. Support is provided in different languages to reach the people to understand. More than 400 e-commerce businesses have indicated that they will accept SAFCOIN as payment, while FHM continues to engage with other retailers.

Buda.com is the leading cryptocurrency exchange which is in Colombia. The head is Alejandro Beltran. The private banks in the Columbia shuttered it. Banks are refusing to do business with the Buda.com. Beltran has written a letter which was open to Colombia’s president in having a hope of winning a reversal. Initially, he worked as an administrator for ten years in the finance department. Now, he is giving importance to run a business of crypto firm in Columbia.

The letter is saying that they have received interest promise in promoting the development of a new type of technologies in the country. It is by being a FinTech company named Buda.com. They don’t want to ask special exceptions from the banks. For getting new technologies, there will be the pressure of the government on the banks led the company to close their bank accounts. They forced the company to stop their operation and by taking away for almost 40,000 clients of buying large cryptocurrencies healthily and safely.

By the letter, the action of refusing by the banking sectors is confirmed. They closed the deal of the digital currency account without explaining a single word to the Beltran. According to the banking institutions, they are facing technical issues regarding crypto. Banks not only with Buda.com, they even had decided not to involve or not to work with any world.
Beltran stated that the firm just asked to get an entrance to banking institutions to start operations. Buda.com is helping people of the country to raise the importance of their new technologies. By this, the technology can be helped to have the safe crypto market.

A few months ago, the President of Colombia Ivan showed the latest technologies and had promised to reduce the taxes on the rent of digital crypto firms. Ivan also stated that if there is an increase of state of the art technologies, then it might help the nation in fighting the corruption. And also it might help injustice and medicine.
By Ivan’s statements, all the people supported him. This made him explore the implementation of blockchain new technologies. It is only to improve main sectors like health, corruption and safety and security. It used as the tracking device of the funds of the public. And that firm can provide employment services to the unemployed people.

Riot Blockchain has announced that it is partnering with Canada-based crypto exchange operator Coinsquare, which lets it to get an exclusive license for the US market. Riot Blockchain, a blockchain oriented company, listed on the NASDAQ exchange, claimed that it had secured a deal with cryptocurrency exchange Coinsquare that will allow its subsidiary RiotX to launch a cryptocurrency exchange in the US.

The company behind Coinsquare will be soon providing a RiotX branded version of the Coinsquare platform with customized integration and associated transaction processing services. RiotX has received an exclusive license to operate in the US market and offers the solution to selected customers.

RiotX has been searching for legal ways to launch a cryptocurrency exchange in the US since the beginning of this year. The partnership with Coinsquare helps it achieve its target.

Coinsquare is one of the leading crypto exchange services in Canada started in 2015 which raised over CAD$50 million in the past year including reputable investors.

According to the sources RiotX Blockchain is a former biotech firm called Bioptix. It is not one of those firms which include the blockchain term in its name for marketing purposes only. The company has made several steps which proves its strategy real. The company was accused of violating specific federal securities laws after allegedly promoting false claims.

To find out the ways of adapting conventional security laws to blockchain in order to deliver the new rules that will help to promote the investors, Consensys has called on Philippine market regulators and policymakers.

Its legal counsel Patrick Berarducci explained that the company agrees that securities laws, including registration regimes, should apply to securities in form. However, as these assets mature, regulators and policymakers should remain open to see how these laws should be updated. It is still unknown if the available USDT is used to support its price. In some cases, USDT pairings account for many trading volumes for many large coins. The content of these documents should be understandable to consumers an investors to ensure their protection.

The government of South Korea’s steps towards excluding crypto exchanges from the list in which they were classified as venture firms has incited anger amongst industries. According to the Korea Blockchain Association, Korea Blockchain Startup Association and Korea Blockchain Industry Promotion Association they criticized the decision of the government saying that, “The measure will discourage the industry as a whole.”

The major resentment has been observed especially when the Ministry of SMEs and Startups prevented cryptocurrencies trading form the ventures that the ministry designated them earlier. However, the list does not contain certain businesses like gambling businesses, amusement and drinking set-up, etc. Because the virtual currency trading based on blockchain will be treated like gambling and alcohol businesses as stated by the lobby groups in the recent press release here in the country. Further commenting on the matter, they said, “If the revision is legislated in the National Assembly, a number of blockchain firms won’t be eligible for various tax benefits. It will discourage their investment and R&D. They will eventually move their base to foreign countries.”

Just after the announcement made by the government, the world’s renowned cryptocurrency Bitcoin declined by 7.3 % to $6018.5 on Tuesday as per the valid source of investing.com. However, eventually, it recovered by 4% and reached at $6294 at 2.30 pm on Wednesday.

Alex Park, marketing manager of one of the renowned blockchain firms, FANTOM Foundation, said, “It will be a huge loss if the government excludes the blockchain industry from its economic policy”.

Further, he commented that “Korea can be an ideal incubator to promote the cryptocurrency and blockchain-related industries. High-speed internet infrastructure is already here, unparalleled to any other country in the world. And the Korean people are very adoptive of technology. Now it is the government’s role to establish a favorable environment for virtual coins and their blockchains. However, if the government imposes more regulations instead of helping them, firms will move their bases abroad to find a better business environment.”

Besides this, the Financial Services Commission (FSC) as opposed to the Government’s step said that there have to be proper regulations in place that govern the cryptocurrency and blockchain technology in a well efficient manner.

The Financial Services Commission (FSC) has acquired to set-up Financial Innovation Bureau as a part of its restructuring exercise that leads financial innovation in the next Fourth Industrial Revolution modern era. The whole decision was taken especially when the top financial regulator’s cabinet meeting held in the presence of Ministry of the Interior and Safety.

No matter whether the nations or industries would like the blockchain technology in place, eventually how one use it always matters!! The new age technology must be welcomed to the extent that it can be used ethically as well as it must add value to the nations and the entire community!!

The world largest economy the U.S. may overhaul its money supply containing paper currency, cheques, and coins if crypto-based bull market accelerates its speed. According to the UBS – a global banking giant advises the crypto bull rally that they have to trade patiently while keeping in mind the real facts about the U.S. money supply. The crypto major Bitcoin must trade at  $213000 precisely if it really adds value to the US economy.

Because in the present scenario where Bitcoin is unstable and limited and cannot be feasible through which that can be used as a means of payment for any global transactions. Nor does it gets accommodated in any asset class as said by UBS.  When we compare Bitcoin with other payment methods like VISA, Mastercard, the Bitcoin can be recognized as payment options only if it adds its network capabilities that it currently lacks the processing power in order to handle multiple transactions at once.

The crypto major will struggle until it fixes this problem in place. Only then it will widely be accepted by everyone and thereby fuelling its growth. With this, the major concerns with the Bitcoin are its extreme volatility that creates a complex situation for its growth and wider recognition as per the valid source by UBS. Additionally, the unusual demand and fixed supply of the crypto major make the system vulnerable to higher price volatility thereby making it difficult for Bitcoin to be considered a new asset class. Needless to say that the year 2018 has been frustrated for Bitcoin as it has lost more than half of its value approximately $20,000 since December last year.

Amongst all these complexities, the Bitcoin initiated a rally by rising above $8000. This is a good signal amongst all those cryptocurrencies that are traded on worldwide exchanges.

Let us not forget that there are more than 1750 cryptocurrencies (as per CoinMarketCap) are traded currently. Now that the blockchain technology and the crypto concept have started gaining its footprints amongst the worldwide investors and entrepreneurs community, there is a variety of mechanism requires to be in place for the perspective to gain a competitive advantage against the traditional payment methods in place!!

Unlicensed Bitcoin mining in China: Government takes firm steps.

Asian countries have to deal with a spectrum of issues when it comes to crypto currency. These issues include money laundering as well as illegal mining of virtual currencies. Even though measures are being taken by the governments of the different countries, there can still be noticed instances of greed taking over the actions of individuals who indulge in the trading of crypto currencies. For example, the major scam that took place last year in Japan has led to FSA tightening its laws for all the exchanges, thus sending the market in a frenzy regarding the firm regulations which it has chosen to put in place.

However, this is not just the case with Japan, China is also speculating the activities related to crypto currency and lately, it has warned Bitcoin mining organizations in one of its regions, Xinjiang Uyghur, to stop its activities. It was found that these companies were not registered and neither had they paid the taxes which have to be paid for the establishment of such an enterprise. Moreover, there was a lot of consumption of electricity on their part. Because of these suspicious activities, the regulation authorities have warned these local companies to stop their operation immediately.

The local authorities were told to inform the government about the prevention of operations of these companies, it is being heard lately that a prominent Bitcoin mining company was interested in establishing itself in the region of Xinjiang Uyghur, which is an autonomous region; however, not much has been heard about it since a long period of time. Moreover, the crackdown of authorities on these companies can be deemed as a strong step against various other such illegal activities going on in the country as well. China has a long history in the phenomenon of mining of Bitcoin.

It is necessary to recollect that China used to be a pioneer in Bitcoin mining in the past years. However, it has imposed considerable control on its mining activities since last September. As mentioned above, Bitmain is still associated with the role played by Bitcoin in China. However, the illegal activities related to Bitcoin mining are kept under control. China has seen to it that all the illegal activities related to Bitcoin are curbed as soon as possible, and these activities include a lot of illegitimate mining activities. Attempts have been made to wipe them out, but they continue to exist in several parts of China.

It has been clarified by the authorities that this region of China would not be open for further trading or mining of crypto currency. The consequences of measures taken by China will be far reaching in terms of the enhanced level of security, but it will take a while to completely remove these kinds of activities from the country.

12th July-Competition is not going anywhere as far as the field of crypto currency is concerned. Swarms of exchanges are hounding the world. It is necessary for every entity involved in this field to remain at its toes and crypto currency exchanges are no exceptions. It has become necessary for every crypto currency exchange to provide the best to the users and to take whatever measures have to be taken to ensure that an efficient system is in place ensuring these things. For these things to take place sometimes a few changes have to be made and one such significant change has been made by the Australian virtual currency exchange, Bitcoin.au.

A flying sparrow has made us aware of the change of the CEO for the Bitcoin.au which is the Australian crypto currency exchange. The new CEO of this exchange is Ben Ingram. As it turns out, this newly appointed CEO has had substantial experience in this field. Ben Ingram had formerly worked with the pioneer in the field of consultancy, Price water house coopers, which have often been abbreviated as PwC. Moreover, the functions assigned to Ben Ingram involved the formation of a strategy for digital realm. Ingram quit the company in March 2018.

It has been found that with Ingram on board, there are a series of goals that Bitcoin.au is looking to accomplish. It can be believed that the company is aiming at making things better around the place. For example, focusing on the way the company is carrying out its daily activities and functions. Moreover, the ultimate aim is making a place for the output of the virtual exchange in the previously unexplored markets.

Moreover, Ingram has also explicitly stated that the areas he wishes to explore are those which are not well organized and are in need for a breath of fresh air because of the lack of organization when it comes to the currency operated by the government. There are various such sectors where the entry of crypto currency can be welcomed.

The trading that Bitcoin.au offers includes the operations in Ethereum, Bitcoin and commenced the trading of ETH in the month of March. It can be expected, as stated by the newly appointed CEO of this trading platform that several other currencies will also be put up for the purpose of trading by this virtual currency exchange in the long run.

Ben Ingram, in a very insightful way, has stated that even though there are hurdles at this point in time, in dealing with this sort of technology, it can be believed that there is no “dead end” here.

To conclude, the “tomorrow” of digital currency looks better in Australia than many of the countries of the world because of the measures taken to indicate the ease of operation and the transformation in different dynamics and systems to make sure that there is a smoothness of operation for those willing to undertake crypto currency and its operations under the Australian threshold.