Categories
Bitcoin Bitcoin ETF Bitcoin Investment Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news HYIPs Investment News NFT Investment

Digital bank FV Bank integrates USDC stablecoin for direct deposits

In addition to USDC support, FV Bank also plans to launch an escrow service in Q4 2022, targeting major currencies like Bitcoin and Ethereum.

Global digital bank FV Bank is the latest financial platform to allow deposits into the Circle-backed USD Coin (USDC) stablecoin.

FV Bank on Wednesday announced the launch of a new service that allows account holders to make direct USDC deposits to bank accounts in US dollars. The new feature allows customers to receive USDC into their accounts in a similar way to traditional deposits such as wire transfers or the automated clearing network.

Per the announcement, received USDC funds are instantly and automatically converted to United States Dollars (USD) at the time of deposit. This new solution allows FV Bank users to issue invoices to their international customers in USDC, enabling faster and cheaper transactions and conversions, the company said.

“We believe this feature will greatly improve the user experience and open up smoother trading,” FV Bank CEO Miles Paschini told Cointelegraph.

Paschini noted that USDC will be the first stablecoin accepted for USD deposit at the moment, but FV Bank may consider more stablecoins in the future.

“We chose USDC because of its license, reserve certifications, and real-time 1:1 liquidity,” noted the CEO.

In addition to integrating USDC, FV Bank also plans to launch its own escrow service in Q4 2022, which will allow customers to hold digital assets in a escrow account alongside their escrow account. According to Paschini, FV Bank custody will support major cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and other currencies “based on our supported asset criteria.”

FV Bank is a cryptographic digital bank regulated by the Office of the Financial Institutions Commissioner of Puerto Rico. The company originally planned to launch cryptocurrency custody services in 2021, following the lead of major US banks such as Standard Chartered.

According to the CEO, the company’s cryptocurrency roadmap has not suffered any issues despite the ongoing crypto winter.

“Overall, the bear market has not affected our business as we continue to grow and expand our services responsibly,” said Paschini.

FV Bank is not the only financial institution to join the USDC recently. On Tuesday, cryptocurrency-compatible stock trading app Robinhood announced the USDC listing. The stablecoin will be available for transfer on the Polygon and Ethereum networks today.

Categories
Bitcoin Bitcoin Investment Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news Ethereum HYIPs Investment News NFT Investment

Crypto Exchange Zipmex resumes certain Altcoin withdrawals

Cryptocurrency exchange Zipmex has resumed withdrawals of some altcoins in addition to Bitcoin and Ethereum. So far, there are no updates on Bitcoin and Ethereum withdrawals. The withdrawal of withdrawals on Zipmex came after the other two exchanges Babel and Celsius froze withdrawals.

The cryptocurrency exchange has now started allowing users to withdraw some tokens from their trading accounts. Zipmex also mentioned a schedule for withdrawals of Solana, XRP and Cardano from merchant wallets. Market movers like Bitcoin and Ethereum still remain blocked.

The cryptocurrency exchange operates in Thailand, Singapore, Indonesia as well as Australia and has stopped withdrawals stating:

Volatile market conditions and resulting financial difficulties for our key business partners.

Sometime last week, the Securities and Exchange Commission of Thailand issued an order to the Zipmex Thailand unit asking them to resume withdrawals in some digital currencies. As per the schedule, Solana tokens will be delivered on Tuesday, while XRP withdrawals are expected to wait until Thursday; however, Cardano will be available for withdrawals on the same day as Solana.

Crypto Exchange Zipmex is working to recover deposits

Zipmex has a link to Celsius and Babel and mentioned that both companies have respectable status due to financial support. It also stated that due diligence was ensured in this case.

At the moment, the company continues with the recovery of deposits from Babel Finance. Along with that, the cryptocurrency exchange also assured that the bankruptcy rumors are false. He clarified that he requested a moratorium before the Singapore court.

This ensures that Zipmex has enough time to analyze the issues and decide on an outcome acceptable to customers. To address the current liquidity crisis, it is working with Celsius and Zipmex to find a rescue package with investors.

quoted zipex,

We promise to resolve the Z Wallet situation and resume services. That is why, after stabilizing the situation, we are releasing unaffected digital assets namely: ADA, SOL and XRP into users’ trading wallets starting tomorrow, August 2, 2022.

The road to recovery

An anonymous Zipmex shareholder made an additional investment in the company’s native token. This was done to support the company, increasing investor confidence. It also ensures that token development stays on track.

While the cryptocurrency exchange has not said anything about Bitcoin and Ethereum withdrawals, the move to unfreeze a select number of cryptocurrencies is a positive step towards recovery. In the month of July, co-founder Akalarp Yimwilai in a YouTube video was allegedly in talks with interested investors.

Regarding the same, the company mentioned that negotiations are still ongoing, but potential investors have already signed a confidentiality agreement after having examined the exchange’s finances. There is still no official statement on the outcome of these negotiations.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news HYIPs Investment News NFT Investment

Kryptomon Launches Exclusive User Acquisition Campaign on TikTok

Leeuwarden, Netherlands, July 25, 2022, Chainwire

Despite the slowdown in market conditions, The Kryptomon Company shows no signs of slowing down. In their recent Series A funding round led by NFX, they successfully raised $10 million, bringing the company’s valuation to $50 million.

Now, just two months after the funding announcement, Kryptomon has marked another milestone in its expansion plan by launching a unique and exclusive user acquisition campaign under the “TikTok For Business” program.

The program supports companies like Kryptomon looking to reach new audiences by running creative video ads on the popular TikTok platform.

Kryptomon is one of the first blockchain gaming companies to be licensed to work and advertise through TikTok in Southeast Asian countries. With TikTok seeing over 1.2 billion monthly active users, this partnership will no doubt be a big step forward in Kryptomon’s journey to break into the mainstream gaming market.

Additionally, recognizing Kryptomon’s potential to become a market leader in the blockchain gaming space, the TikTok gaming advertising team has been working closely with the Kryptomon team. Kryptomon can now leverage TikTok’s deep industry experience in regulating and optimizing campaign ad sets to ensure its content reaches the widest possible audience.
The results speak for themselves: the ads are already active in several countries and have already accumulated millions of views. Based on the learnings from this first run of campaigns, Kryptomon’s advertising efforts will likely not stop there, but will continue to aggressively expand into other regions.

The expected growth of Kryptomon players due to this user acquisition campaign comes at a perfect time as Kryptomon will soon launch its official mobile app. Currently only available to closed beta testers on Android operating systems, it will soon be offered to the general public on iOS and Android.

about kryptomon

Kryptomon is a Blockchain NFT Play-and-Earn game where Pokémon meets Tamagotchi and CryptoKitties.

Breed, train and fight with your NFT Kryptomon. It’s a new world where trainers can live a new adventure on Blockchain.

Set in the Kryptomon metaverse, community members play as “Trainers” of their own individual monsters, Kryptomons, each of which is a completely unique digital asset connected to an NFT. Each has a unique but changeable genetic code, made up of 38 random parameters that determine every aspect, physical and behavioral, of the creature.

Not only does this ensure that each Kryptomon is unique, it also brings each Kryptomon to life as a digital companion in Kryptomon’s metaverse. Cryptomons are able to learn, get sick, go hungry, and protect their trainers when they are on an adventure in the physical world. In turn, trainers will have to care for, feed and train their Kryptomon companions to grow and prepare for the battles to come.

Kryptomon creates the next step in the evolution of crypto gaming using advanced blockchain, digital genetics and location-based technologies.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news HYIPs Investment News NFT Investment

Best Bitcoin Casino Sites: List of TOP BTC Gambling Sites

Cryptocurrency casinos are an increasingly popular way for many casino fans to play online. Sometimes called Bitcoin casinos after the most popular type of crypto of the same name, more and more crypto sites launch each year.

A great Bitcoin casino will offer:

Anonymous and secure online gambling, with little or no info required from the operator

Loads of different crypto options, from classic and popular coins like Bitcoin or Ethereum to stablecoins like Tether or meme coins like Doge

Exclusive Bitcoin or blockchain-based games, that can be provably fair

Larger welcome bonuses than online casinos from highly regulated markets
Best Bitcoin Casino Ranking

But how does a new crypto casino player get to know all that? Finding all the information, never mind the nuts-and-bolts clauses behind the scenes, can take a lot of time.

That’s why we assembled this list of top bitcoin casinos. Casinos come to us, and our expert reviewers look at every detail of the site before rating them. All, so you don’t have to. Easy!

So, what is the best bitcoin casino we’ve looked at then? Well, you can see below for our expertly assembled top list.

However – some things are not exactly quantifiable. The best Bitcoin casinos have unique aspects to them, so you can’t necessarily say which single ones are the best!

Generally, we tried to put our top list in order. But, for example, some sites will focus on exclusive Bitcoin casino games – while others will have more games from traditional providers. Others might have the biggest welcome bonus, but they don’t offer so many crypto casino games to use with.

Swings and roundabouts. Anyway, any casino on our top list is at least worth checking out for one reason or another!

Take a look today for a comprehensive list of the best bitcoin gambling sites available right now.

Wherever you are in the world, whether you’re looking for the best bitcoin casinos in Ghana or the best Ethereum casino in New Zealand – our international options have you covered.

Just take a look on the best bitcoin casinos overall:

  1. 7Bit Casino – over 1500 games from a very reputable operator
  2. Bitstarz – Hugely popular site with in-house crypto purchases
  3. WildTornado – Over 6000 games and a unique loyalty scheme
  4. mBit – Loads of games and bonuses with fair terms
  5. KatsuBet – Over 3000 slot games available
  6. Bitcoin Penguin – Try any and all games for free, no account needed
  7. Crypto Wild – Crypto-only casino with exclusive blockchain games
  8. Betplay – Unlicensed international option with lots of cryptos
  9. Cloudbet – Huge range of cryptos and a truly massive welcome bonus
  10. Betchain –  Very well-designed site from a highly-regarded owner
Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news HYIPs Investment News

Sudbury woman saved from Potential cryptocurrency scam

One woman was in the right place at the right time, which kept her from becoming the latest victim of a cryptocurrency scam.

How a woman was stopped from being the last victim

The elderly woman is believed to have withdrawn approximately $30,000 from her bank account. He then headed to a bitcoin ATM in the city of Sudbury. There, she was directed, over the phone, by someone claiming to be on the Microsoft support team. They were giving you instructions on how to transfer the money through the machine and send it to a specific address.

Area police say what most merchants probably already know… that the caller was not from Microsoft. They were actually a scammer looking to get some cryptocurrencies they didn’t earn. Sudbury Police Spokesperson Lieutenant John Perodeau explained in an interview:

She was hacked. Fortunately, we were able to intervene and she was able to deposit the money into her account.

Crypto scams have increased in volume in recent years as the prices of many assets, despite recent declines, have risen sharply from two years ago. Perodeau says the woman fell victim to ransomware that ended up causing all files on her computer to be encrypted and locked. They gave him a phone number that he thought was Microsoft support. He called the department for help without realizing that this was all part of the scam.

He was instructed over the phone to buy bitcoins through the machine and send the funds to “Microsoft”. Perodeau explained:

As soon as you provide the code, the money will disappear.

Bitcoin ATMs are becoming much more common. On the one hand this is not a bad thing as it contributes to the growing legitimacy and popular appeal of digital currencies, but it has also led to the resurgence of crypto crime as with so many ATMs it is much easier to scam people and steal your digital funds.

Seniors are often targets of these types of scams because they don’t realize the breadth of today’s new technology. They also tend to have limited knowledge of cryptocurrencies and digital finance.