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Ziglu Receives e-Money License From UK’s FCA, Introduces P2P Payment Services

Ziglu has recently been certified as the Electronic Money Institution (EMI) by the UK’s FCA and introduces peer-to-peer payment (P2P) services.

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London-based crypto-friendly challenger bank, Ziglu, has recently been certified as the Electronic Money Institution (EMI) by the Financial Conduct Authority (FCA) of the UK. 

Also, the newest challenger bank has introduced the peer-to-peer payments option for its users to process transactions in fiat as well as in cryptocurrencies.

Ziglu Complies With AMLD5

The EMI license issued by the UK’s FCA on September 01, would allow the crypto-friendly bank to offer e-money and payment services to its customers. 

Recently, the founder and the CEO of Ziglu, Mark Hipperson, has mentioned that in May 2019, the bank initially applied for the certification in the FCA and almost after a year, it received that.

Hipperson considered this process to be very long and hard. He further stated, “I wouldn’t want it any other way because it shows the FCA selects companies that are going to take governance, compliance, risk management, and customer data really seriously.”

It is to be noted that the challenger Starling Bank submitted its application for cryptocurrencies too, therefore, the crypto team of the FCA also went through that. 

Hipperson has stated that in order to start its services, it was important for the crypto-friendly bank to comply with the fifth anti-money laundering directive.

Ziglu Offers Faster Payments Services

While introducing the P2P payments services on its platform, Ziglu app notified that it would support the payment of British pounds (GBP) and four other cryptocurrencies, which include Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). 

Further, it has been stated that Ziglu customers are allowed to process their transactions in GBP and cryptos using the Faster Payments Services. 

Ziglu in its notification has mentioned that the customers would have to pay a commission of 1.25 percent on all kinds of trading.

Hipperson has stated that presently, not many people are aware of this Ziglu app, in fact, its customer base is less than thousands, because the app was launched in June 2020. But the founder of Ziglu believes that in the coming six to seven years, the customer base of the app would reach around a hundred million. 

READ  Canada Stablecorp Inc Launches Canadian Stablecoin “QCAD”

#Bitcoin (BTC) #Bitcoin Cash (BCH) #British pounds (GBP) #CEO of Ziglu #Electronic Money Institution (EMI) #Ether (ETH) #Faster Payments Services #Financial Conduct Authority (FCA) #Litecoin LTC #London-based crypto-friendly challenger bank #Mark Hipperson #peer-to-peer payments #Ziglu

Source: https://www.cryptoknowmics.com/news/ziglu-receives-e-money-license-from-uks-fca-introduces-p2p-payment-services

Blockchain

By The Numbers: The Rate Bitcoin Must Climb To Reach $100K By July

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Bitcoin is a numbers game through and through. There are only 21 million BTC. The code and its consensus algorithm are both made up of complex math. The total coins are slashed in half every four years, and so on and so fourth.

Most important of all, here’s the growth rate Bitcoin price must hit steadily to reach $100K per BTC by July 2021 according to one crypto capital manager – as well as the one thing that could get in the way.

Bitcoin Price Growth Rate Should Take Crypto Valuation To $100K By July

Bitcoin’s growth from virtually worthless to more than $60,000 per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin today is nothing short of incredible. Even beyond ROI that is simply incomparable, the story of how the » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin came to be reads as if it was ripped from a sci-fi film: Mysterious person takes a shot at all money, and takes no credit for the monumental effort.

Related Reading | Crypto Analyst Expects “Escape Velocity” When Bitcoin Breaks $60K. Here’s Why

» Read more

” href=”https://www.newsbtc.com/dictionary/satoshi/” data-wpel-link=”internal”>Satoshi’s creation is now more than a decade old and has grown far beyond most people’s expectations. Over the last year alone, the leading cryptocurrency by market cap has grown at a daily average rate of 0.65% since April, resulting in a nearly a ten times climb in value.

At the current pace, according to crypto capital manager Timothy Peterson, Bitcoin price would reach $100K by June 30th.

bitcoin 100000 july

At only a daily growth rate of 0.64% the top crypto should hit $100K by July | Source: BTCUSD on TradingView.com

The One Factor That Could Cause BTC To Fall Short Of Target

Bitcoin price must maintain comparable momentum over the last year to keep climbing at a similar rate and reach more than $100K per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin. The number is now closer to the current price action than $10K is, and thus potentially more achievable.

Related Reading | Mathematical Mystery: Why Did The Bitcoin Rally Stop At The Golden Ratio?

Price predictions for the next cycle top reach as much as $400K, with estimates more steeped in reality ranging from $125,000 to $325,000 per BTC.

bitcoin btc pi cycle top indicator

The rally could really be over if the historically accurate signal is right again  | Source: BTCUSD on TradingView.com

There’s a chance, however, the cycle top is in, according to the Pi Cycle Top Indicator. If the historically accurate tool is right yet again, the leading cryptocurrency’s daily growth rate will begin to decline from here on out until another bull market breaks out.

Bitcoin price wouldn’t make it to $100K by July, and a return to prices much lower would follow. If that’s the case, crypto investors would have to wait a while longer for the number one cryptocurrency by market cap to reach that ultimate target.

Featured image from Deposit Photos, Charts from TradingView.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/analysis/btc/rate-bitcoin-100k-by-july/

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Blockchain

Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet

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Institutional fund manager Grayscale has partnered with acclaimed New York-based magazine TIME to produce an educational video series on the subject of crypto assets.

The partnership was announced on April by Grayscale’s CEO, Michael Sonnenshein, with Sonnenshein revealing that TIME and its president, Keith Grossman, will receive payment in Bitcoin.

Further, TIME does not intend to convert the Bitcoin it receives through the deal into fiat, and will hold the crypto asset on its balance sheet. No further details of the partnership have been revealed so far.

TIME was first published on March 3, 1923, with the magazine and online publication having been active in the crypto space of late. In March, TIME cashed in on the NFT mania by dropping a set of tokenized magazine covers on NFT marketplace SuperRare, with the “TIME Space Exploration – January 19th, 1959” NFT fetching 135 ETH worth almost $250,000 on March 30.

The company also revealed they were seeking a crypto-friendly Chief Financial Officer in the same month after listing the position on Linkedin.

“The media industry is undergoing a rapid evolution. TIME is seeking a Chief Financial Officer who can help guide its transformation,” the listing said.

According to Bitcointreasuries.com, TIME will become the 33rd publicly traded company to hold Bitcoin on its balance sheet. TIME joins the ranks of top U.S. companies Microstrategy — who have invested billions into BTC from August 2020, Square — who added 4,709 BTC to their treasury in October, and Tesla — which purchased $1.5 billion worth of BTC in January. Multinational investment corporation Blackrock also began dabbling in crypto during February, profiting more than $360,000 from a small long using Bitcoin futures.

This deal marks a significant partnership between giants of the mainstream and crypto worlds. Grayscale was founded in 2013 and has $46 billion worth of crypto assets under management, including roughly 3% of Bitcoin’s total circulating supply.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/bitcoin-s-time-has-come-time-magazine-to-hold-btc-on-balance-sheet

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Moonstake integrates with Sylo to bring their staking protocol to the Sylo Smart Wallet

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Moonstake, a staking pool protocol and service provider, has announced a new partnership with Sylo, a decentralized software development firm and the creators of the Sylo Network and Sylo Smart Wallet.

Through this collaboration, Moonstake will connect Sylo with their robust API/SDK solution, thereby enabling staking functionalities in the Sylo Smart Wallet and allowing Sylo users to earn passive income from their idle crypto assets.

Founded in 2010, Sylo is committed to decentralization and has created an ecosystem consisting of digital consumer wallet software, applications, infrastructure, and developer tools in order to usher in a decentralized future worth looking forward to.

A unique wallet app that combines digital asset management with decentralized communication, the Sylo Smart Wallet is a savvy decentralized e-wallet that enables users to purchase, store, track, send, and receive crypto assets, explore the world of Ethereum dApps by means of a Web3 Browser, pay with cryptocurrency in the real world, and provides secure communications by chat or audio/video call.

“We’re pleased to offer our community of global users yet another way to access the benefits of crypto. As always, our user flow has been designed with simplicity in mind, and staking via Moonstake in the Sylo Smart Wallet will make earning from digital assets simple enough for people everywhere.”
– Dorian Johannink, Co-Founder and Business Director of Sylo

Born over a year ago with the aim to create the largest staking network in Asia, since its inception Moonstake has developed highly user-friendly wallets for both Web and Mobile (iOS/Android) that are compatible with over 2000 cryptocurrencies.

After a full-scale operational launch in August 2020, Moonstake’s total staking assets have grown rapidly to reach USD 800 million in staked assets over just six months. Within a year of its founding, Moonstake became ranked in the top 10 of the world’s premier staking service providers and it continues to strongly expand its business.

“The Sylo Smart Wallet is an interesting e-wallet that combines the functionality of a flexible digital asset management tool and a secure instant messaging app. We are happy to help proper crypto projects like Sylo enable staking in their wallet so that users can have more ways to earn with crypto. With a wide selection of PoS coins and attractive yield rates from our high-quality staking pools, we are confident that users will be pleased with their staking experience on Sylo powered by Moonstake.”
– Mitsuru Tezuka, Founder of Moonstake

Source: moonstake.io

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoninjas.net/2021/04/13/moonstake-integrates-with-sylo-to-bring-their-staking-protocol-to-the-sylo-smart-wallet/

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