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Crypto Derivatives Exchange LXDX Launches Referral Contest

Exchange allocating 150,000 shares of company stock to contest winners who refer the most users Birkirkara, Malta, November 26, 2018 – LXDX, a cryptocurrency derivatives exchange, announced that it has begun a unique referral contest. For a limited time, any participant will be able to win up to 100,000 shares in LXDX stock, with a total of 150,000 shares being allocated to the contest. The exchange is set to launch live trading next month, but has recently opened early access to the platform for users to register trading accounts. All registrants are given a referral code that they can share

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Exchange allocating 150,000 shares of company stock to contest winners who refer the most users

Birkirkara, Malta, November 26, 2018 – LXDX, a cryptocurrency derivatives exchange, announced that it has begun a unique referral contest. For a limited time, any participant will be able to win up to 100,000 shares in LXDX stock, with a total of 150,000 shares being allocated to the contest.

The exchange is set to launch live trading next month, but has recently opened early access to the platform for users to register trading accounts. All registrants are given a referral code that they can share with their network to participate in the contest. When new users use that unique code to sign up the referring user will receive the credit for that account.

The top six individuals who refer the most users will win actual stock ownership of LXDX in the form of company issued shares from the exchange. The grand prize winner will receive 100,000 shares, while the next five runners-up will receive 10,000 shares each.

Joshua Greenwald, CEO of LXDX, had this to say about the contest, “We want to provide every member of the crypto community the opportunity to be an owner in LXDX. That’s why we launched an STO and that’s also why we structured our referral program around shares in LXDX stock. We started the contest ahead of our exchange going live next month to give the community a head start before the flood gates open.”

LXDX is currently accepting investors through a unique Security Token Offering that also provides ownership in the LXDX exchange with a minimum investment of 5,000€. The contest lowers the barrier of entrance allowing almost anyone to become an owner in the exchange.

More information on the LXDX referral contest, include terms, conditions, and restrictions can be found on the contest website: https://lxdx.co/contest.

About LXDX

LXDX is the crypto derivatives exchange. We give you access to institutional liquidity with fundamentally better products you can’t get anywhere else.

Leadership

Joshua Greenwald, CEO

Will Roman, COO

Steven Thomas, CTO

John Hazen, CFO

Connect with LXDX

Press: https://lxdx.co/press

Telegram: http://t.me/LXDXchat

Website: https://lxdx.co

Media Contact: Cody Solomon, LXDX

cody@lxdx.co

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Source: https://bitcoinsinireland.com/crypto-derivatives-exchange-lxdx-launches-referral-contest/

News

Shiba Inu Token Is Up 25% Following Coinbase Listing

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/shiba-inu-token-is-up-25-following-coinbase-listing/?utm_source=main_feed&utm_medium=rss

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Rising Inflation Could “Destabilize” Stablecoins And Bring Crypto Industry Down — Coinbase CEO In Search Of Solution

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Rising Inflation Could Destabilize Stablecoins And Bring Crypto Industry Down — Coinbase CEO In Search Of Solution

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In the US, inflation has been on the rise throughout the entire year. Just last month, the consumer price index (CPI) rose by 0.3%. While this has been quite a decline compared to April and May when prices rose by 0.6% on a seasonally adjusted basis, it is still a nerve-racking high.

It has been perceived that rising inflation would benefit crypto since more people would consider acquiring digital assets to hedge fiat depreciation. However, if the US dollar loses value significantly and becomes unstable, it will also adversely impact US-pegged stablecoins, which would infect the entire crypto ecosystem.

In a recent tweet, Brian Armstrong, CEO at Coinbase, has pointed out this issue and asked for possible solutions. 

Crypto Needs to Adapt

Stablecoins are known as the backbone of the crypto ecosystem. They are the safe zone for when the industry goes wild and plummets by double-digit percentages in a matter of hours. Further, they have taken the cross-border payments by storm, so much so that regulators from across the globe warn stablecoins could disrupt banking systems. 

However, these alleged “stablecoins” have a less-known issue: they are hyper reliant on the US dollar. Almost all major stablecoins are pegged to the US dollar. This means if the US dollar loses value significantly, then stablecoins would also lose value. In turn, this would drag the entire crypto ecosystem down.

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Mentioning this, Coinbase CEO has recently commented that stablecoins could very easily become inflation coins. “If fiat-backed stablecoins really become inflation coins (not so stable), then how will we get a coin that is truly stable?” Armstrong tweeted.

Proposing a vague solution, Armstrong added: “Perhaps something that tracks a basket of real-world goods (purchasing power parity) using oracles?”

Armstrong is not the first person who has raised this crucial subject. Previously, Balaji Srinivasan, former CTO of Coinbase, had explained that there are two types of stablecoins. First, there are fiatcoins, which “are pegged to an external fiat currency like USD, directly or indirectly.” Second, there is this newer form of stablecoin, which Srinivasan calls “flatcoins.” 

Srinivasan explains that if “fiat itself starts to inflate, it isn’t really “stable”. So a flatcoin optimizes instead for price flatness vs an on-chain basket of goods.” In simple terms, a so-called “flatcoin” is not pegged to a fiat currency, rather it is pegged to the purchasing power of an asset at a certain period of time. 

Considering the importance of the issue, we should see more projects developing alleged “flatcoins” in the near future — which is also crucial for “de-dollarizing” the crypto ecosystem.

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Source: https://zycrypto.com/rising-inflation-could-destabilize-stablecoins-and-bring-crypto-industry-down-coinbase-ceo-in-search-of-solution/

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Pacific Union Appoints Mohamed Elsergany as Its Head of MENA Service Center

The new PUG’s hiring has over 12 years of experience in the financial services industry.

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Pacific Union Group (PUG), an Australia-based forex and CFD broker, has tapped Mohamed Elsergany as its new Head of Service Center for the MENA region. Prior to his new role at the company, Mohamed spent over one year working as MENA Regional Director at CJC Markets.

Furthermore, according to his LinkedIn profile, the new PUG’s Head of Service Center for the MENA region worked for around four years as Business Development Partner at Tickmill, another forex and CFD broker headquartered in Cyprus.

In fact, most of his professional background lies in working in the Business Development field in the financial sector. Before his job at Tickmill, Mohamed worked in FX Solutions as Business Development Partner. Based on Egypt, the new PUG employee also had tenures in Swissquote, MIG Bank, Forex.com, and BMFN Prime, with approximately a career in the financial markets of over 12 years.

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Mohamed’s educational profile notes that he earned a bachelor’s degree in e-Commerce.

Recent Major Banks Executive Moves

In the last few months, the financial services landscape had been quite moved in the MENA region, specifically from major banks. For example, Saxo Bank recently announced that the company had appointed Damian Hitchen, a former Regional Manager at HSBC, as the company’s new CEO of the MENA region.

The newly appointed CEO of the MENA region will report directly to the company’s Chief Sales Officer, Stig Christensen. Hitchen will be based at Saxo Bank’s regional office in Dubai. He will facilitate Saxo Bank’s growth in the region. Furthermore, Barclays Plc announced in August that it appointed Davide Sala as its new Managing Director and Head of Industrials M&A for Europe, Middle East, and Africa (EMEA). Sala has vast experience within the financial industry, having worked for over 22 years at Credit Suisse in London and New York. He focused his career on providing advice on M&A and financing to clients across industrials space.

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Source: https://www.financemagnates.com/executives/moves/pacific-union-appoints-mohamed-elsergany-as-its-head-of-mena-service-center/

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