Dallas, TX, April 29, 2021 – OTC PR WIRE — Alternet System’s (OTC Pink: ALYI) today announced that iQSTEL, Inc. (OTC Pink: IQST) CEO Leandro Iglesias has joined the advisory board for Revolt Token (RVLT).
RevoltTOKEN recently introduced the cryptocurrency, Revolt Token (RVLT), dedicated to backing Electric Vehicle (EV) Ecosystem. Revolt Tokens can be purchased now directly from the company and will soon be available to trade on an exchange like Coinbase (COIN).
ALYI has initiated its EV Ecosystem with the introduction of an electric motorcycle. iQSTEL has engaged with ALYI to build an IoT EV systems management package for ALYI’s electric motorcycle program. iQSTEL is also working to develop a long-range battery solution for ALYI’s electric motorcycle program.
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Leandro Iglesias is the Founder and CEO of iQSTEL, Inc. Mr. Iglesias is committed to iQSTEL’s continued growth into a NASDAQ listed company. Mr. Iglesisas founded Etelix (iQSTEL subsidiary) in 2008 drawing on his extensive experience as the International Business Manager at CANTV/Movilnet, a subsidiary of Verizon and the largest telecommunications services provider in Venezuela, Prior to his role at CANTV/Movilnet, Mr. Iglesias was an Executive Vice President at American Internet Communications (August 1998 – December 2002) responsible for the Latin America marketing division. Over a career in the telecommunications industry spanning more than 20 years, Leandro Iglesias has gained expertise with international long-distance traffic, submarine cables, satellite communications, and international roaming services. He is an Electronics Engineer graduate from Universidad Simon Bolivar and graduated from the Management Program at IESA Business School. He also holds an MBA from Universidad Nororiental Gran Mariscal de Ayacucho.
iQSTEL Inc. (OTC Pink: IQST) (www.iQSTEL.com) is a US-based publicly listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 13 countries. The company provides services to the Telecommunications, Electric Vehicle (EV), Liquid Fuel Distribution, Chemical and Financial Services Industries. iQSTEL has 4 Business Divisions: Telecom, Technology, Fintech and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, Global Money One and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Electric Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas Platform, IoT Smart Tank Platform, Visa Debit Card, Money Remittance, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement & Payments Marketplace (Blockchain Platform).
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FTX has become one of the world’s largest cryptocurrency exchanges after surpassing $400 billion in trading volume in April.
Last month, the exchange also saw $14 billion in average daily volume, with open interest peaking above $10 billion. This represents 25-fold year-on-year growth compared to April 2020. FTX is also the world’s fastest growing exchange in terms of market share and new products added. It currently has around one million registered users.
After a three-year stint at the quantitative-trading firm Jane Street Capital, and starting Alameda Research in late 2017, Sam Bankman-Fried started FTX two years ago. The digital-assets trading platform celebrated its two-year anniversary on May 8.
In a statement, Bankman-Friend noted how the firm began by identifying what appeared to be a niche in the market. “We took a look at the state of the world’s crypto exchanges and identified a gap in the marketplace for a reliable and secure platform robust enough to meet the needs of institutional traders and other power users,” he said. “Two years later, FTX has established itself as a leading crypto exchange offering innovative and industry-leading products.”
In one of the largest transactions of last year, the company acquired portfolio tracking app Blockfolio for $150 million. At the time, Bankman-Fried said FTX would not liquidate the company, but committed to making Blockfolio “massively bigger.” FTX also began offering its users a mobile app at the beginning of the year.
The announcement also noted the progress of the FTX Foundation, highlighting that Bankman-Fried is a supporter of “effective altruism.” FTX established its foundation in February 2021, with the mandate to direct 1% of FTX fee revenue “to organizations offering the greatest positive impact on the world.”
Since then, the foundation has donated $730,000 to organizations such as GiveDirectly, Clean Energy Innovation, and Oxygen for India. The foundation earmarked another $7.4 million to charitable endeavors since its inception. However, these funds predominantly came from users of the platform.
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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.
CME Group, which is one of the United States’ top derivatives exchanges, announced on Tuesday that the trading volume of recently launched micro Bitcoin futures surpassed 100,000 contracts within only the first six days of its launch.
“We are pleased to see strong customer adoption and support for our new Micro Bitcoin futures contract early on,” Tim McCourt, CME Group’s global head of equity index and alternative investment products, said in a statement.
CME launches the micro Bitcoin futures contracts on May 3 to generate demand for Bitcoin derivatives among small-time investors. According to the exchange, the micro contracts are ‘an efficient, cost-effective way for traders to fine-tune their bitcoin exposure and enhance their trading strategies.’
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The contract mimics the exchange’s other Bitcoin futures contract and is 1/10th of the size of a Bitcoin. The contracts are cash-settled and track the asset price from the CME CF Bitcoin Reference Rate that is the ‘once-a-day reference rate’ of the US dollar price of Bitcoin.
A Leader in Crypto Derivatives
CME first launched Bitcoin derivatives in December 2017, only a week after its rival Cboe launched the same. Though Cboe struggled with its Bitcoin product and eventually shut its offers, demand for CME’s Bitcoin futures contracts skyrocketed.
The Chicago-based derivatives exchange further expanded its cryptocurrency products with the launch of Bitcoin options and also Ethereum futures contracts.
“Together with our existing, full-sized Bitcoin futures, this new, smaller contract further strengthens our ability to help a broad array of clients – from institutions to sophisticated, active traders – to manage their bitcoin price risk,” McCourt added.
The US-based cryptocurrency exchange Gemini announced it will grant its customers the opportunity to earn interest on Dogecoin. They can realize as much as 2.25% annual percentage yield (APY) on the meme coin. With this innovation, Gemini Earn now accounts for more than $2 billion in loans for its customers.
DOGE Coming to Gemini
The massive craze around the meme coin keeps its invasion and reached the US trading venue Gemini. The official website of the crypto exchange founded by the Winklevoss brothers announced to its users that they can start earning interest on DOGE with Gemini Earn.
The company revealed its custody support to the meme coin and affirmed that Gemini is the only regulated platform in the US where trading and earning interest on DOGE is allowed in all 50 states. Furthermore, Gemini’s officials opined that Dogecoin is a true successor of Bitcoin:
”We listed Dogecoin because we believe it is the people’s money and continues Bitcoin’s tradition of giving the control of money back to the people.”
The Gemini team also confirmed that clients may begin earning interest on SushiSwap (SUSHI), Injective (INJ), and Polygon (MATIC).
Gemini Earn stated that users can earn up to 7.4% APY on their crypto held on the exchange. Additionally, interest is earned and aggregated daily and customers can claim their digital assets at any time. Another main advantage of the service is that there are no minimum balances and fees to transfer into or redeem from it.
Gemini Earn is accessible for every customer in the US and Singapore. With the addition of Dogecoin, there are now 32 digital assets that the service supports.
Another Innovation by Gemini
The founders of the cryptocurrency exchange – The Winklevoss twins – are well known for their support for the crypto industry and Bitcoin in particular. Their digital asset exchange is among the few regulated in the US and has made several notable partnerships as of late.
CryptoPotatoreported recently that Gemini collaborated with Mastercard to launch a crypto credit card with rewards paid in the form of the primary cryptocurrency. According to the statement, the card will offer up to 3% of bitcoin cashback to users.
Many investors embraced the announcement and the waiting list quickly surged to 140,000. Gemini promised the card will come with no annual fees, combined with 24/7 live customer support, which should ”deliver a superior cardholder experience.”
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