Connect with us

Blockchain

Belfrics Resumes Trading In India

The post Belfrics Resumes Trading In India appeared first on Belfrics India.

Published

on


Image result for hibusinee.co

Belfrics announced on Tuesday that it has resume trading operations in India. It claims to be“India’s fastest growing cryptocurrency exchange and blockchain development platforms.” According to the exchange, it has added four new coins to its platform: bitcoin cash (BCH), ether (ETH), ripple (XRP), and litecoin (LTC). Before then, only BTC was available. The company plans to launch 20 new cryptocurrencies in the next 6 months.

The COO of Belfrics Group, Jabeer KM, said: “India is a key market for us when it comes to crypto trading. With the launch of these new coins, we are targeting a base of at least 2,500,000 new traders on our platform by December 2018.”

“A dedicated app for live order-book trading of various altcoins,” was also launched by the exchange. Santhosh Palavesh, the group’s Chief Innovation Officer, explained that “traders can now securely link their assets with our Belfrics wallet…The new app will be available for both Android and iOS users.”

Belfrics Group was founded in 2014 and its headquarters is in Kuala Lumpur, Malaysia. It operates crypto exchanges in Malaysia, Singapore, Bahrain, Kenya, Nigeria, Tanzania, and India. The company’s development center is in the Indian city of Bengaluru. Traders will be able to enjoy crypto-to-crypto trading on its platform from this month.

Inc42 described that Belfrics had to suspend its crypto exchange operations in India in early January after the banks stopped providing payments solutions to the company. Praveenkumar Vijayakumar, Belfrics Group’s founder and CEO, told the news outlet at the time that “Many payment service providers (PSP) [in India] have stopped giving services to [crypto] exchanges.”

The Reserve Bank of India (RBI) issued circular banning banks and financial institutions under its control from providing services to crypto companies. This was last April. The CEO told Indian news service that, “Before taking this decision, industry participants were not consulted, public debates were not initiated and public opinion polls were not undertaken. Even the findings of the committee were not published.” The central bank has admitted that the ban was issued without proper research.

Jabber KM elaborated on RBI’s ban in Tuesday’s announcement: “We understand that the RBI has reservations on trading in cryptocurrencies and digital currencies. But we are confident that they will be coming up with their own set of regulations for this industry. From our end, we are making sure that Belfrics Group is ready with multiple options for our Indian customers when crypto trading becomes regularized.”

Crypto industry participants have petitioned with the Supreme court to challenge the ban since it was issued.

The supreme court has agreed to hear the cases on July 3, earlier than the previously scheduled date: July 20. The ban is supposed to be effective as from July 5.

Source: https://india.belfrics.com/press-articles/belfrics-resumes-trading-in-india/

Blockchain

Blockchain Platform QANplatform to Provide Cloud Deployments

Published

on

The Quantum-resistant blockchain platform – QAN – will launch its cloud deployment service, via which developers can reach platforms like Amazon AWS and Microsoft Azure. The new option will be available from the end of 2021.

QANplatform Vows to Cut The Deployment Time

Through a new cloud deployment feature on its network, users of the Estonian-based blockchain platform – QANplatform – would be able to extend the QAN private DLT to cloud platforms such as Amazon AWS, Google Cloud Platform, Microsoft Azure, Linode, and DigitalOcean in no longer than 5 minutes.

Per the announcement shared with CryptoPotato, QANplatform would be the first in its field to automate this function to such major platforms. As a result, DevOps engineers and developers would be capable of building quantum-resistant smart contracts, DeFi solutions, tokens, DApps, and NFTs at a reduced deployment time by 80%.

Johann Polecsak – Co-Founder and CTO of QANplatform – praised the future initiative. He said his blockchain project aims to lower the entry barrier for the developer community so it can “build Proofs-of-Concept (PoC) and Minimum Viable Products (MVP) as fast as possible to reach mass adoption.”

“QAN blockchain platform solves this issue by building integrations to existing and widely used and loved programming languages (Rust, Go), DevOps technologies (Docker, Kubernetes) and Cloud Platforms like Amazon AWS or Microsoft Azure.” – Polecsak added.

The cloud platform deployment feature would start with the QANplatform TestNet release. It would be available for developers by the end of the ongoing year as they can pre-register for it.

QAN Raised Over $2M to Build DeFi Ecosystem

In May this year, QANplatform caught the attention of the crypto community with another initiative. Back then, the blockchain project announced a fundraise of $2.1M from companies like Fairum Ventures, BlackDragon, DeltaHub Capital, and Insignius Capital. With it, QANplatform aimed to develop an ecosystem where users would be capable of building various software applications within DeFi quicker.

Max Mucko – Partner at BlackDragon – commented on the move:

“We are glad to contribute to this investment round and support QANplatform’s future growth. We see a lot of potentials not only because of the quantum-resistant cybersecurity but also for QAN’s other IPs like Proof-of-Randomness (PoR) consensus algorithm, rapid cloud platform deployment, or the upcoming multi-language smart contract development feature.”

The funding focused on three strategic areas: product development, liquidity providing on exchanges, and marketing.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/blockchain-platform-qanplatform-to-provide-cloud-deployments/

Continue Reading

Blockchain

Busta Rhymes, Dungeon Dragon “Rawring” Again With The HUSL

Published

on

[PRESS RELEASE  Gros-Islet, Saint Lucia – 28th September 2021]

NFTs have become a safe space for artists all over the world because of their unparalleled distribution capabilities and direct connection between the fans and artists. The HUSL aims to use this capability of NFTs to remove the intermediaries from the music industry and connect artists directly to their fans.

The HUSL has partnered with Busta Rhymes, a world-renowned rapper who is ready to launch his first NFT collection called Dungeon Dragon.

Dungeon Dragon holds a special place in Busta’s life and personal meaning. Busta Rhymes became popular as Dungeon Dragon from East Flatbush once separated from his band 16 bars. This name brought Busta a lot of success and helped him grow as an artist to become the soulful legend is today.

“Its an honor to launch Busta’s 1st ever NFT collection, especially one with that pertains to an image which holds such deep meaning to him”, said founder and CEO of The HUSL, Varun Bajaj.

The Dungeon Dragon NFT collection is a tribute to his journey and will be launched exclusively on The HUSL. The HUSL is a disruptive NFT platform designed to break the existing monotonous and unfair industry standards of the music industry. The HUSL aims to create a symbiotic relationship between creators and consumers and bring exclusive and rare NFT collectibles to the fans.

About The Dungeon Dragon NFT Collection

Busta Rhymes is launching an exclusive Dungeon Dragon NFT collection on The HUSL on Thursday, September 30th, 2021. Before the launch, on Wednesday, Busta will participate in a live Twitter Space with The HUSL to announce the collection and the significance behind the collection.

The Dungeon Dragon collection will include three NFTs – Red, Silver, and Gold. All of these three NFTs are priced differently and hold several exciting hidden rewards. About 10% of each Tier collector will be selected to be rewarded with exclusive perks that involve Busta such as private and group zoom calls and autographed memorabilia.

The price of the NFTs are as follow,

Gold – .20 ETH
Silver – .10 ETH
Red – .05 ETH

All three NFTs hold special meaning to Busta Rhymes and celebrate his journey of becoming the star he is today. Busta took to Twitter to announce the impending launch of the NFTs.

About Busta Rhymes

Trevor George Smith Jr. professionally known as Busta Rhymes is an American record producer and Rapper. The 49-year-old artist has several laurels to his name with his hit songs such as Touch it (2006), I Know What You Want (2002), and Break Ya Neck (2001).

Busta Rhymes has been an active part of the NFT community and will be releasing a Dungeon Dragon NFT collection soon on The HUSL.

About The HUSL

The HUSL is a revolutionary music-based NFT platform designed to empower artists and creators by connecting them directly with their fans. The platform aims to disrupt the existing music industry distribution model which is rigged to help distributors and other intermediaries and give complete control to the artists.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/busta-rhymes-dungeon-dragon-rawring-again-with-the-husl/

Continue Reading

Blockchain

Assessing an investment in Bitcoin post-China’s latest ‘ban’

Published

on

The sky is blue. Water is wet. China is banning Bitcoin. 

While some new investors were petrified, as can be inferred from the minor dip in prices, a majority of the community remained unscathed by the development.

It isn’t the first time China has banned Bitcoin, and it probably won’t be the last. However, speculations suggest that this time China might be more serious than before. However, will it really matter in the long run for Bitcoin and co.?

A quick recap of the Bitcoin-China tussle of 2021

China threw the first sign of caution back in March. Reports stated that there is an ongoing crackdown on Bitcoin mining firms and there was an extended ban on mining projects in Inner Mongolia. At that time, the Chinese provinces of Xinjiang were the highest contributors to the hash rate. And yet, Bitcoin continued to rally and recorded new highs in April, consolidating in that range till May 2021.

Then, in May and June 2021, China decided to ban banks and payments firms from providing services related to cryptocurrency transactions. The National Internet Finance Association of China, the Clearing Association of China, and the China Banking Association issued a warning that consumers would have no protection if they faced any losses during crypto-trading.

And now, the People’s Bank of China(PBoC) has announced that there would be tougher measures taken on crypto-trading. This applies to any institution involved in crypto-transactions, regardless of it being off-shore if services are provided in China.

So, is it time to buy Bitcoin?

Ironically, whenever China has made news with a major ‘ban’ announcement on Bitcoin, the digital asset has gone on to record all-time highs.

Source: Trading View

Beginning with the initial concern during Q4 of 2013, China’s central bank had revealed that it was worried about digital asset payments. At the time, Baidu, China’s biggest Internet service company, was served with a warning – Do not accept any form of digital payments. A few weeks later, it jumped by almost 6x, hitting $1242.

In September 2017, China announced that it was going to shut down all Bitcoin exchanges after the asset rallied towards the beginning of 2017. While the price momentarily dropped, end of Q4 2017, Bitcoin hit $20,000.

In terms of market structure, 2017 and 2021 have been largely similar. And now, they have another common entity with China’s ban. Speculators are suggesting that China’s restrictions are the perfect investment opportunity based on historical data.

However, only time will tell if the digital asset actually touches another ATH towards the end of the year.

Is there a hidden agenda?

Without sounding too dismissive about the current situation, it is important to identify the difference between China’s stance then and now. According to last Friday’s notice, 10 agencies are present. Previously, it was 7. Mainly, the Cyberspace Administration of China (CAC) is one of the new entrants, something that might underline the weight of the current ban.

The notice claimed that any individual or organization investing in virtual currencies and similar crypto-derivatives violates “public order and good customs.” There is a certain indirectness to this statement since it can be essentially taken as “trade with crypto at your own risk.”

Leading commentators have also speculated the idea of diminishing economic freedom and the fact that China is ready to establish its own Fed coin. One which will have similar crypto-characteristics. China remains secretive as ever, so while such announcements do affect the larger market sentiment for Bitcoin, the asset has been resilient over the past few months.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/assessing-an-investment-in-bitcoin-post-chinas-latest-ban

Continue Reading
News5 days ago

Axie Infinity: Pagbabago ng SLP at AXS Breeding Requirements

Blockchain4 days ago

Most expensive NFTs ever sold and the Non-Fungible Token’s expansion of expense.

Uncategorized5 days ago

How to identify items in Diablo 2: Resurrected

Blockchain5 days ago

QuadrigaCX Saga to Be Covered By Netflix Documentary

Uncategorized4 days ago

Hashrate beats the S&P 500 or A word on the benefits of hashrate rental.

Uncategorized5 days ago

Why is NFT art valuable? Understand why they are worth millions

Blockchain3 days ago

The Three Kingdoms: Bringing a New Era of Play-to-Earn Games to The Blockchain Industry

Blockchain2 days ago

BOOM Esports and NoPing e-sports claim the top spots in BTS Pro Series Season 8 SEA and Americas

Uncategorized3 days ago

NBA 2K22 City Spawn Locations: How to Unlock

Blockchain5 days ago

Cardano Launches dAppStore for Certified DeFi Apps

Blockchain4 days ago

Mars4 NFT Land Tokenomics

Blockchain5 days ago

Netflix Set to Premier Documentary About QuadrigaCX CEO in 2022

Blockchain5 days ago

With BlockFi, Celsius under the radar now, what next for crypto-regulations

News4 days ago

The World’s Top 10 Companies Could Be Interested in Cryptocurrencies

Blockchain5 days ago

Bitcoin’s LN packs a punch, but is it truly far from having security concerns 

Uncategorized3 days ago

Best Stats for the Barbarian in Diablo II: Resurrected

Uncategorized4 days ago

FTX Relocates From Hong Kong to Bitcoin-Friendly Bahamas

Blockchain4 days ago

Top 10 NFT Sales Of This Week: September 19-25

Uncategorized5 days ago

The Andy Milonakis NFT Show, EP. 5 – Sponsorships, Degen’s, And Cheeth

Blockchain5 days ago

Bitcoin’s Recovery Picks Up Steam Following Twitter’s Launch Of Crypto Tipping Globally

Trending