Victoria, Mahe, Seychelles / ACCESSWIRE / JUNE 12, 2020 / A crypto exchange called Nominex provides everyone with up to 3 BTC per day no-KYC operations and up to $2,000 for trusted trading for everyone who left Coinbase after the recent privacy controversies.
As temperatures rise, the crypto market is trading crypto more and more intensely.
- Russia offering prison time for crypto fans,
- Heated debates about 66.6% (interesting number) of Coinbase users ready to leave because of privacy concerns,
- Predictions of $200 000+ Bitcoin price,
- Grayscale Investments buying massive amounts of crypto,
- And 12 hacked crypto exchanges in 2019 all throwing sparks at the same time in the crypto niche
are fuelling users’ fervent desire to find safe exchanges with strong security protocols and total privacy and follow in the steps of substantial investors and attain crypto assets.
Is there rising interest in Bitcoins? Definitely.
“On January 21, 2020, Grayscale became an SEC reporting company, registering its shares with the Commission and designating the Bitcoin Trust as the first digital currency investment vehicle to attain the status of a reporting company by the SEC….till the end of May, Grayscale Bitcoin Trust Fund had a total of 343,954 BTC under management, and the portfolio has soared to $3.37 billion.” – Investopedia.com.
It’s becoming obvious that Bitcoin has a spectacular future. Simultaneously, centralized exchanges suffer inversely proportional fate: with Coinbase accumulating dramatic losses with millions leaking out as we speak according to users, Bitfinex and Bittrex going to court, and Binance already having experienced a serious breach, there is much more of a fervent need to invest in crypto and much fewer exchanges to do that on.
Nominex provides unrivaled security from the world’s cybersecurity capital Estonia and some of the lowest commissions in the business, which can be overclocked to the point of negative commissions (profits, not losses overall).
Nominex’s flagship invention, however, is its lack of KYC on operations of under 3BTC. Having effected this mechanism, Nominex avoided going down the same trainwreck scenario as Coinbase, who received derisive feedback from its users for collecting dozens of items of personal information and selling it plus providing investigative agencies such as the DEA and the IRS with better crypto tracking tools.
“A number of different publications lambasted the company for associating itself with the ethically questionable employees. The publicity storm intensified into the Twitter campaign #DeleteCoinbase, with users calling for a boycott of the service.“
According to Jesse Powell, CEO of competing cryptocurrency exchange Kraken:
“Coinbase have been known to pass information with Kaspersky Lab, GroupIB, and other Russian firms closely linked with FSB [Federal Security Service of the Russian Federation].” – Cryptoslate.
Nominex made a turn in the direction of Satoshi’s Nakamoto’s principles of anonymity just in time, and used to opportunity to invite the 66% of Coinbase users over to their platform where full anonymity comes by default:
“We will give a cool bonus to that 66 % and generally everyone who decides to leave Coinbase: +20% of your deposit sum on Nominex is to be added to trusted trading, but no more than $2,000. Feel free to trade and withdraw all your profit.
How to get the bonus?
- Choose your favorite social media: Facebook, VK, or Twitter, and follow Nominex
- Find a similar post with a hashtag #DeleteCoinbase on a social media of your choice and share it
- Add to the repost “ #DeleteCoinbase and go to @Nominex” and screenshot proving that you deleted your account on Coinbase
- Join Nominex Telegram chat, send us your post link and #DeleteCoinbase
Our community will guide you in receiving your bonus.”
What’s to come of heated battles between fans of crypto and fans of regulations? “Freedom to the people” is the very reason why crypto was created, meaning anonymity should remain the cornerstone of the crypto community, allowing everyone to have complete control over their finances.
At the same, illegal=immoral, which is why licensing and compliance with the law is a priority. Nominex believes in flexible solutions that leave all parties satisfied and gaining maximum from their experience, which is why the above-mentioned solution was implemented as well as a strong emphasis on security. Why?
Nominex sheds a tear for the fallen comrades, but they would want us to learn from their mistakes, so getting licensed in Tallinn, where cybersecurity demands are some of the highest in the industry, was a must for these mistakes not to be repeated.
At the same time, privacy is everything, which is why, as there are fewer and fewer reputable exchanges that maintain the No-KYC-up-to-3BTC rule, Nominex sees itself as the sound consequence of natural selection.
Nominex is the next step in the evolution of exchanges around the world. It features a simple and intuitive trading platform both for new and advanced traders, registered in Seychelles and founded in 2019.
Company Name: Nominex Limited
Media contact: Natalie Prokhorova
SOURCE: Nominex Limited.
Disclosure/Disclaimer: This press release is sponsored and provided by a third-party source and should not be viewed as an endorsement by ZyCrypto. Readers should do their own research before having anything to do with the company, goods, and/or services mentioned in the above article.
How Does the Future Look for Cryptocurrencies in the Financial Market?
The trading share of cryptocurrencies in the financial markets is getting bigger by the day, as professional and occasional investors redirect their funds from traditional assets to crypto coins. Billions of dollars, euros, pounds, and of other fiat currencies are used by traders, for the opening of new crypto trading positions, increasing crypto coin values, reputation, and market share. This is also one of the reasons, why new cryptocurrencies are regularly being launched. However, the supply of investment funds is not without limit, and on many occasions, it feels like a number of these new crypto coins are doomed for failure.
Today, cryptocurrency development stretches beyond its original creational limits, as even regulated institutions are investing in the creation of digital coins. These coins are generated to achieve collective wallet digitalization and consequently to gradually eliminate the need for cash. This, of course, is not something for which traders and investors care about, as their primary concern is how these assets will perform in the financial market. That being said, if a crypto asset is trusted and respected in the real world, then this will reflect on its performance in the world of finance. The problem is that for a cryptocurrency to earn the respect of the real economy, it will need to have enough time to mature.
Crypto Trading and Investment Challenges
Trading cryptocurrencies is not an easy task. There is a lot of research required, and there is a lot of work that needs to be done before opening a trading position. Experienced traders know that it is not something as fun and as easy as taking a spin on penny roulette, but those with less experience in crypto trading can end up facing heavy losses, just because they have not invested enough time to prepare for the worst-case scenario. Even though we have not seen any signs of a new cryptocurrency bubble burst for a long time, it does not mean that the threat is not there. This applies both to new cryptocurrencies as well as to those which the market categorizes as established.
Where Do We Go from There?
With a higher demand for digital monetary alternatives, it is only natural that countries, unions of nations, and Central Banks are looking towards finally regulating the crypto market. The regulation of such assets will set new standards for commerce and revolutionize the flow of money. It will, however, limit the profit potential of crypto coins, as it will no longer be possible for a cryptocurrency – whether it is new or old – to go from being worth peanuts to being worth as much as gold in a matter of hours.
👉Not being able to become rich overnight is bad news for those who dream of becoming wealthy through cryptocurrency trading, but it also comes with benefits. A regulated cryptocurrency market will discourage “dodgy trader” activity and reduce the risk of seeing toxicity forming in the crypto market. This will allow for the growth of crypto assets in a positively-charged environment, which will give them the time and stability they need to get to the same level of trust as that of traditional trading assets.
How Blockchain Can Help Your Business Grow
Ever since the introduction of Bitcoin in 2009, the world has changed the way it views fiat currencies and digital security. People were excited that they could finally transfer digital currency anywhere in the world without exaggerated banking fees or long hours.
The technology, however, proved so versatile that it has found its way into other uses as well. In 2020, there are so many businesses that use blockchain that we simply don’t have the time to enumerate them all in a single short article. But we will do our best to give you examples of ways the blockchain could potentially help you.
Hackers rarely sleep. That’s one statement that Sony forgot back in 2011. While it is unclear whether they now use the blockchain or not, many other companies have started implementing it with great results.
The encryption technology that the blockchain employs requires transactions and other processes to go through multiple nodes connected to the blockchain to get approval. This way, if a hacker attempts to do something malicious, the multiple nodes will eventually realize that fraud’s at stake and stop the transaction in its tracks.
More Payment Methods
People often think that the blockchain is meant solely for cryptocurrencies. That’s not true, at least not anymore. Banks all over the world have started implementing this tech to ease transaction times and lower processing fees.
Moreover, businesses that implement blockchain can use this technology to offer their customers multiple payment methods with seemingly endless currency options. One non-banking company that has proved the efficiency of this method is BetConstruct, offering more than 400 payment methods.
Through the blockchain, you can set up a reliable network of chatbots that can help out your customers.
With the help of the blockchain, these AI bots can easily communicate with one another and learn from each other based on what users respond, how they rate their satisfaction with the chat, and how customer support agents respond to users once the chatbot sends them their way.
Hire Better Employees
Small companies often don’t have the time or necessary resources to double-check the information in a CV. But with the help of the blockchain, you won’t need any of that.
Even today, there are still a lot of people seeking a job who ungracefully lie in their resumes. The blockchain can process all the data in a resume and send you the verified information to see if it’s legitimate.
Not only does this save you time, but it also means you’ll have hired the right person for your future projects. And we all know what having the right person can mean if you want your company to be successful.
Improve Your Marketing Campaigns
You’re probably aware of the usual marketing techniques like social media, video ads, billboards, SEO, SEM, and more. Look, you won’t need the blockchain to implement those tactics.
However, Blockchain can be used by marketers to keep track of client information and consumer behavior. With this data, skilled marketers can craft clever campaigns that bring greater ROI. You can also use the blockchain to track any changes made to your campaigns. If only David Ogilvy has had this tech at his disposal, who knows what he would’ve been able to craft.
👉🔥The Bottom Line
The blockchain has revolutionized businesses all around the globe the same way it has revolutionized the way people view money.
Implementing this technology for your business will net you tons of long-term benefits for an otherwise small investment considering all the things you’ll be getting.
Report: Q3 2020 Was The Best Quarter For DeFi
This week, Belgium’s Financial Services and Markets Authority made a startling revelation. Cryptocurrency fraud victims have lost at least €10 million between May 2019 and September 2020, the financial regulator said.
Belgians Have Lost €10 Million In Cryptocurrency Fraud
Belgian citizens have lost almost 10 million euros to fraudulent crypto investment schemes. Belgium’s apex financial authority, the Financial Services and Markets Authority, said on Monday. According to the watchdog, this data is from May 2019 to September 2020. Speaking about the modus operandi adopted by the scammers and crypto robbers, the FSMA said:
These platforms often use very aggressive methods to try to persuade you to invest ever larger sums. They will also try to persuade you to let them take control of your computer remotely so as to be able to make certain payments.
Adding to its statement, the regulator pointed out ‘fake advertisements that typically use images of celebrities.’ Potential victims get beguiled by platforms displaying these adverts circulating on social media. When interested folks click on them, cryptocurrency shysters call them to ‘to discuss an investment offer.’
Apart from bitcoin and other cryptocurrencies, online robbers offer investment schemes in foreign exchange products and contracts for differences (CFDs) that can be traded in markets with commodities and shares.
The FSMA had already apprised users about potential cryptocurrency frauds and scam-filled activities in 2018. Since then, it has added fake credit letters to its list of unscrupulous investment offerings. These the regulator said claim ‘to offer loans on favorable terms but intend to steal money.’ Also, investors need to stay away from fraudulent wealth management and alternative investment scams, FSMA mentioned.
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Is This Why The UK FCA Banned Crypto Derivatives For Retail Customers?
As per the latest update from the cryptocurrency scene in the UK, the country’s top financial watchdog, the Financial Conduct Authority (FCA), has banned the sale, marketing, and distribution of cryptocurrency derivatives and ETNs to retail customers effective January 6th, 2021.
The FCA enumerated several reasons to justify it’s latest banning move. Volatility in crypto prices, the so-called ‘lack of inherent value,’ and inadequate understanding of cryptocurrency systems are others. But the financial regulator also specified that ‘prevalence of market abuse and financial crime in the secondary market’ is why retail players should stay away from crypto derivatives.
Also, there is no legitimate need for retail customers to invest in these products, the FCA added. The most crucial question now is: Will these measures actually block the propagation of crypto fraud and scams? Will such a ban actually protect users?
In a world where fiat and traditional market scams are dominant and much more widespread than digital currency fraud, an outright ban on different crypto investment opportunities will only do so much. What is required is tightening law enforcement on scammers and the bad actors, which will eventually make crypto investment safe for users.
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