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Coinsbit Exchange launches Global Marketplace and burns 10% of CNB tokens

Over the past few months, the team of the Coinsbit cryptocurrency exchange regularly published information about the marketplace for buying goods from world-famous trading platforms, such as Amazon, A

The post Coinsbit Exchange launches Global Marketplace and burns 10% of CNB tokens appeared first on AMBCrypto.

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Over the past few months, the team of the Coinsbit cryptocurrency exchange regularly published information about the marketplace for buying goods from world-famous trading platforms, such as Amazon, Alibaba, eBay, Aliexpress and others with cryptocurrency. More recently, information on the launch of the global Coinsbit Store, scheduled for March 31, 2020, has appeared in the official social channels of the Coinsbit ecosystem.

As the exchange team informed, each Coinsbit user will be able to choose any of the available products on the platform and pay for it from anywhere in the world with stablecoins USDT, USDN, PLC, as well as with the CNB exchange token, which is stored on the user’s exchange balance. A list of cryptocurrencies available for payment for goods will expand as the marketplace develops.

The main objective of the Store is to provide the crypto community with the opportunity to buy goods from world platforms with cryptocurrency, expanding the range of available goods or services by engaging new partners – both international and local. This solution will allow everyone to buy goods, for example, from eBay or Aliexpress in one click, without leaving the exchange, and using cryptocurrencies available on the user’s balance. The crypto community will no longer need to change their crypto assets to fiat funds and withdraw them to bank cards, as well as register on all these trading platforms – everything is available on one platform, and all purchases are made in “one-click”.

This solves many problems and gives new opportunities for the use of cryptocurrency. The Coinsbit cryptocurrency exchange team is always striving to create a unique ecosystem for the crypto community, so that users receive new and convenient tools for work, and also develops new vectors for implementing cryptocurrency as a payment instrument. Coinsbit Store is a vivid example because it is an unprecedented case, such solutions and products have not yet been implemented in the crypto industry.

To develop its Store, the Coinsbit team conducted an IEO, at which developers provided everyone with the opportunity to buy a new CMT token at a price of 0.0000001 BTC. The unique feature of this token consists in the opportunity to receive special discounts from affiliate platforms and getting access to promotional products that will be available only for token holders.

It is noteworthy that a few days after the IEO and the opening of trading on the token, the cost of CMT increased by 280%, which indicates the huge interest of the community in the new universal trading platform. The ability to buy goods in world-class online stores for the cryptocurrency is a truly historic moment for the entire industry, the importance of which cannot be overestimated.

The Coinsbit team also carried out a planned burning of the CNB exchange token for the first quarter of 2020. On March 30, 10% of the existing supply on the market was burned – 150 million tokens (total issue – 1.5 billion CNB). This is the number of tokens received by the exchange as a “disposal” for the services provided by the exchange – trading commissions (users can pay up to 50% of such commissions with CNB tokens), as well as other services and offers from Coinsbit, which can also be paid with CNB tokens.

This is great news not only for the exchange traders but also for the entire crypto community, since the burning of tokens in such quantity (for the first reporting period) has never occurred in the history of exchange tokens. For example: for the first reporting period, the Binance team burned less than 1% of the sold issue of its BNB token. Among other things, this is great news for CNB token holders, as the total issue of the token will become 10% less, which will affect the existing supply and increase the demand for the coin. Due to the rise in the token price, the commissions paid with CNB will become equivalently less. Recall that all users of the exchange received all CNB tokens for free by AirDrop.

The immediate plans of the developers are to conduct another IEO to raise funds for the development of Coinsbit’s OTC platform, which will work on the basis of B2P and will be launched in April this year. The platform team aims to connect 55 fiat currencies by the end of 2020, by attracting one exclusive local partner in each region to work with one fiat pair. All partners will be accredited and will perform all necessary verification procedures for the stable and safe operation of OTC Coinsbit. Users will be able to buy cryptocurrency on the OTC platform and get it on the exchange balance. Also, users will be able to sell cryptocurrency from their balance and receive fiat funds to a bank card in local currency. Transactions will be carried out according to the “escrow” principle, which will provide users with security and guarantee them the receipt of cryptocurrency or fiat money.

The platform team released Coinsbit OTC Token (ticker – OTC) to conduct the IEO. This token can be bought during the IEO at a price of 0.0000001 BTC. A total of 560 million OTC tokens will be issued. The token will enable users to save 15%, 25% or 50% on commissions when buying or selling cryptocurrency on the OTC platform. IEO will be held on April 3, 2020, at 11:00 GMT.

Disclaimer: This a paid post, and should not be treated as news/advice

Source: https://ambcrypto.com/coinsbit-exchange-launches-global-marketplace-and-burns-10-of-cnb-tokens

Blockchain

ConsenSys-Backed Virtue Poker to be Launched on Superstarter, SuperFarm’s Launchpad

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Virtue Poker, the decentralized poker platform built on top of the Ethereum blockchain, will hold an initial DEX offering (IDO) on SuperStarter. The announcement follows a successful round in which VP closed funding worth $5 million.

Virtue Poker to Hold an IDO

Founded in 2016 within ConsenSys, Virtue Poker is an Ethereum-based decentralized poker platform enabling peer-to-peer networking aiming to operate as an “online poker site that’s safe, honest, and fund.”

After a few years of development, the project announced the upcoming IDO in a press release shared with CryptoPotato earlier. The statement reads that VP has partnered with SuperFarm’s recently released launchpad SuperStarter.

Apart from handling the IDO procedures, SuperFarm will be involved in other initiatives following the event, such as integrating non-fungible tokens into Virtue Poker.

“We are excited to be helping spread NFT adoption to new types of ecosystems and use cases. Virtue Poker makes for an excellent partner for our recently introduced SuperStarter platform, showcasing its enormous benefits to the SuperFam community and the high caliber of projects wishing to integrate NFTs in their stack.” – commented Elliot Wainmann – Founder of SuperFarm.

According to the announcement, VP will put a small portion of its native coin (VPP) for sale on SuperStarter. Future token holders can stake their assets to run Justice Nodes and earn 50% of the platform’s fees.

Additionally, they will access marketing initiatives, save on fees, and “shape the development of the Virtue Poker platform.”

Ryan Gittleson, Founder and CEO of VP, noted that his project was built on Ethereum because the latter enables the creation of a “provably fair and easy-to-access poker platform,” which could be “revolutionary for the multi-billion-dollar online poker industry.”

Securing $5M Funding

Before the IDO announcement, Virtue Poker completed a strategic investment round of $5 million in April 2021. Apart from Consensys, other prominent names that took part included Pantera Capital and DFG Group.

Furthermore, the statement highlighted that the Poker Hall of Famer Phil Ivey is a stakeholder and a spokesperson for the project.

Virtue Poker also touched upon the license it received from the Malta Gaming Authority. After working together for “nearly two years in establishing a regulatory framework,” VP became the “first and only blockchain-based company” to receive such a license from MGA.

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Source: https://cryptopotato.com/consensys-backed-virtue-poker-to-be-launched-on-superstarter-superfarms-launchpad/

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Blockchain

MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations

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In yet another move of further Bitcoin adoption, the American money transfer giant, MoneyGram, will allow users to buy and withdraw bitcoins from various brick-and-mortar locations.

  • Cryptocurrencies continue to occupy the center stage of the fintech industry following a massive rally in both prices and popularity.
  • Plenty of blue-chip and publicly traded companies have begun accepting bitcoins for their services, and some have even added it to their balance sheet, Tesla and MicroStrategy included.
  • Now, it appears that the latest company to jump on the bandwagon with a move towards serious mass adoption is MoneyGram.
  • The money transfer mogul has partnered up with the cryptocurrency exchange Coinme.
  • The fruit of this collaboration is a feature that allows people to buy bitcoin and withdraw it from brick-and-mortar locations within the US.
  • According to a CNBC report, in the coming weeks, existing and new Coinme users will be able to buy crypto with cash and withdraw it from MoneyGram’s conventional locations.
  • Speaking on the matter was Alex Holmes, MoneyGram’s CEO and Chairman, who said:

This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency.

  • The move comes soon after PayPal made its foray into the market, allowing millions of merchants to accept crypto for payments.
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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/moneygram-to-enable-users-to-buy-bitcoin-and-withdraw-it-from-birck-and-mortar-locations/

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Blockchain

Craig Wright Allowed to Serve 16 Bitcoin Developers Over $4B of Stolen BTC

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Craig Wright’s legal attempts to sue a dozen developers working on the networks of Bitcoin, Bitcoin Cash, Bitcoin Cash ABC, and Bitcoin SV have been approved. By tapping a law firm called ONTIER, the self-proclaimed Satoshi Nakamoto will go after the developers to make them recover over $4 billion of BTC supposedly stolen from his computer last year.

CSW Granted Permission to Go After Bitcoin Developers

CryptoPotato reported in late February when Wright and ONTIER announced plans to pursue legal action against the developers of Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Cash ABC (BCH ABC).

The firm acted on behalf of Tulip Trading Limited (TTL) – a Seychelles-based entity with Wright being the primary beneficial owner. In the statement, both parties claimed that Wright’s computer was hacked in 2020, and the perpetrators somehow stole his private keys to two addresses, which held over $4 billion in bitcoin.

Consequently, the law firm requested that the developers “enable TTL to regain access to and control of its bitcoins on the grounds that they owe Bitcoin owners both tortious and fiduciary duties under English law.”

Although their claims seemed a bit controversial, to say the least, the firm has been allowed to go forward and serve the developers, according to a statement made by ONTIER on May 12th.


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It reads that the firm has “commenced the process of serving legal proceedings on 16 Bitcoin developers.” The company was granted permission to serve them out of the jurisdiction by the Business and Property Courts of the High Court in London after 145-page application submission.

The statement highlighted once again that “Dr. Wright is the inventor of Bitcoin” and described TTL as the real victim in this case.

“Tulip Trading is, purely and simply, a victim of theft. The hacking was first reported to the police in February last year. TTL has not been granted permission to seek recovery of its access to and control of its digital assets from those in a position to remedy its loss. The fact that someone has stolen TTL’s digitally-held, encrypted private Bitcoin keys does not prevent developers from deploying code to enable the rightful owner to regain control of its bitcoin.”

To Help the Masses

As with the first statement in February, ONTIER and Wright asserted that if this case succeeds, it could help numerous others victims that have been hacked in the past.

“In what may prove to be a huge relief to many, a ruling in Tulip Trading’s favor would have considerable implications for those who have lost access to their Bitcoin or had coins stolen.”

This is far from being Wright’s first controversial legal endeavor related to the cryptocurrency industry. After claiming, without conclusive evidence, though, that he is indeed Satoshi Nakamoto, his lawyers recently warned two bitcoin-related websites to remove the asset’s whitepaper as he supposedly owns legal rights to the document and the Bitcoin name.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/craig-wright-allowed-to-serve-16-bitcoin-developers-over-4b-of-stolen-btc/

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