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Idaho’s Largest Credit Union Now Offers Buying and Selling Bitcoins

The functionality was made possible through a partnership between the credit union platform provider and NYDIG.

Idaho's largest credit union has integrated Bitcoin services into its platform.

Idaho Central Credit Union customers can now buy, sell and hold BTC in their bank accounts.

The largest credit union in Idaho, United States, has integrated Bitcoin services into its banking platform, allowing its customers to buy, sell and maintain BTC in their accounts. The new functionality was made possible through a partnership between digital banking solutions provider Idaho Central Credit Union (ICCU), Alkami Technology Inc. and institutional bitcoin broker NYDIG.

“ICCU’s focus on member expertise and providing a wide range of solutions has enabled it to build a reputation as one of the leading credit unions in the country, and its decision to implement bitcoin services implementation through NYDIG and NYDIG Alkami platform can drive this growth, “Patrick. Sells, director of innovation at NYDIG, said in a statement.

Alkami offers cloud-based banking solutions for banks and credit unions across the United States. In June, the company added NYDIG to its Gold Partner program to allow its institutional clients to easily add bitcoin buying and selling capabilities to its platform. ICCU is the last institution to benefit from the partnership and integrate Bitcoin services into its platform, allowing its customers to buy, sell and keep the asset.

NYDIG will provide back-end bitcoin trading and custody services, allowing ICCU customers to gain exposure to the dollar price of Bitcoin. Considering the resource retention aspect, ICCU customers will not be able to keep their purchased BTC, a major disadvantage for those who wish to benefit from the financial independence that Bitcoin allows. As custodian, NYDIG will effectively provide bitcoin promissory notes to ICCU account holders.

The new addition serves as a convenient ramp for reluctant customers looking to gain initial bitcoin exposure. However, over time, there is a natural incentive for investors to buy and hold bitcoin on their own, the only way to truly benefit from Bitcoin’s sovereignty and value proposition of freedom.

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Crypto Exchange Binance to End Singapore Operations in February 2022

The world’s largest cryptocurrency exchange, Binance, is set to withdraw its operations from Singapore. In the latter, Binance Asia Services Ltd., the Singapore crypto exchanger, said it withdrew its application for a license to operate a crypto exchange.

As a result, Binance should no longer seek further efforts to operate a regulated exchange crypto under the regulatory oversight of the Monetary Authority of Singapore (MAS). Binance.sg, the fiat to encrypt the trading platform, is expected to be delisted in February 2022, the exchange told Bloomberg.

Well, the decision also ends long-standing speculation about Singapore’s emergence as Binance’s global headquarters. The company also noted that the decision has taken into account “global strategic, commercial and development considerations.” Richard Teng, CEO of the Singapore entity, said:

“We always put our users first, so our decision to close Binance.sg was not taken lightly. I thank the Monetary Authority of Singapore for their continued assistance to Binance Asia Services and I look forward to future opportunities to work together. "

Instead, Binance Asia noted that it will redirect its operations to blockchain technology. Interestingly, the decision to exit Singapore comes just a week after Binance acquires an 18% stake in Singapore-based crypto exchange Hg.

Binance Global Plans

Having received a lot of regulatory criticism this year, Binance appears to be optimizing its global operations. The fact that the crypto exchange does not have a global headquarters has infuriated investors around the world.

During his latest interview, Binance CEO Changepeng Zhao stated that they are working to rebuild their business in the UK. “We are fully committed there. We are making a number of substantial changes to organizational structures, product offering, our internal processes, and the way we work with regulators. We want to continue to establish a presence in the UK and serve UK users in a fully licensed and compliant manner, ”he said.

Zhao, who has lived in Singapore for two years, is sending mixed signals about where Binance finally plans to move: Europe or the Middle East.

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Crypto 100x Investment – crypto100x.net

Welcome to Crypto 100x, a new way to invest your money in prominent markets where thanks to our expertise you don’t really need any professional knowledge to generate profits. Our team at Crypto 100x is in charge of doing so, and under analysis and studies of the markets we are able to develop and perfect 3 investment plans which offer everything an investor like you can wish, constant profits in an agreed period of time with capital return.
Crypto 100x is the new endeavour of the “Next Evolution of Economy Ltd” corporation, a company registered in the United Kingdom under the jurisdiction of “Companies House UK” with registration number 10053449. It is a company comprised by a team of 20 people including our traders and customer service professionals, in addition to programmers and IT security professionals. Our current important investments allow us to offer this new opportunity on a global level.

The company’s strength is built over three pillars. First is its long-term experience. Crypto 100x has a cadre of highly capable and motivated partners who are well trained and fully dedicated to the success of the investment business. Second is utilization of the latest technical and managerial innovations that will make out team a leader among its peers. Third is insuring that each of its associated companies is well capitalized and financially supported to overcome any future difficulties.

To support our objectives, we apply the latest advances in management and technology in its field. Our activities include the following: Capital Market Investments, Real Estate Investments, Projects & Business Development, Research & Development, Management Consultancy.

Crypto 100x applies a strict code of ethics upon all of its employees, directors and board members. The purpose of the ethic code is to promote: honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; Full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with, or submits to their stakeholders and public communications; Compliance with applicable international laws, rules and regulations;

At Crypto 100x Investment we have a team of professional investment managers using time-tested financial market investment strategies. Our investment philosophy is based on preservation of investors’ capital and a high level of current income. Investing with Crypto 100x Investment is a great opportunity to protect and to raise your capital.

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Virtue Gaming Launches Win-Win Cryptocurrency Gaming Model to Bring Online Poker to US Players.

The platform is supported by World Poker Tour champion and professional poker celebrity Phil Ivey.

On Friday, Virtue Gaming, a decentralized online poker platform built on the blockchain Ethereum (ETH), launched the first play-to-win digital poker casino in the United States.

In the US, only six states (Nevada, Delaware, New Jersey, Pennsylvania, West Virginia and Michigan) have legalized and regulated online poker. The country has been slow to act on the issue due to concerns that international poker platforms will steal revenue from domestic and land-based gambling. Furthermore, even in these states, poker platforms must obtain licenses from each individual jurisdiction to operate.

As a result, US residents are often unable to access popular online poker platforms such as PokerStars or 888 Poker available to players around the world. To address this issue, Virtue Gaming proposed a game-to-win configuration where the platform provides users with 500 Virtual Player Points, or VPPs, worth approximately $147.37 USD.

Players will receive them free of charge upon registration. Players who meet the minimum play time requirements in cash games and tournaments can withdraw their VPP to USDT. US players can compete with players from the rest of the world who transfer VPP, ETH or other encryption to Virtue Gaming’s locked sidechain smart contracts to play the game. To avoid cheating, the platform implements encrypted peer-to-peer scrambling for all decks.

Virtue Poker Casino User Interface | Source: Virtue Poker

According to the law, “the points or credits that the game or contest sponsor provides to participants free of charge and which can only be used or exchanged for participation in games or contests offered by the sponsor” are outside the legal scope of a bet or bet and could theoretically give the game model some regulatory space to gain. To date, there are currently over 25,000 non-US players on the platform.

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Central banks of France, Switzerland and BIS complete cross-border CBDC test

The Bank of France, the Swiss National Bank (SNB) and the Bank for International Settlements have successfully tested the application of the wholesale central bank’s digital currency to international payments. The project used distributed ratio technology and was carried out with the help of private companies.

France and Switzerland Explore Direct Wholesale Digital Currency Transfer in Euros and Swiss Francs

An experiment carried out by the monetary authorities of France, Switzerland and the Bank for International Settlements (BIS) indicated that central bank digital currencies (CBDC) can be used effectively for international agreements between financial institutions, announced the participants of the trial.

The Jura Project, which has just been completed, has focused on settling currency transactions in wholesale CBDCs in euros and Swiss francs, as well as the issuance, transfer and exchange of a euro-denominated French commercial paper in tokens between French financial institutions and Swiss, they explained. the banks.

The test involved the direct transfer of wholesale CBDCs in euros and Swiss francs between French and Swiss commercial banks on a single distributed accounting platform operated by a third party with real value transactions. It was carried out in collaboration with the private companies Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS.

According to the partners, issuing CBDCs in large quantities, providing regulated non-resident financial institutions with direct access to central bank money, raises certain policy issues. To address these issues, they have taken a new approach, employing subnets and dual notarial signatures that should give central banks the confidence to issue wholesale CBDCs on third-party platforms. Benoît Cœuré, who heads the BIS Innovation Center, commented:

Project Jura confirms that a well-designed wholesale CBDC can play a critical role as a safe and neutral settlement asset for international financial transactions. It also demonstrates how central banks and the private sector can work together across borders to promote innovation.

“Jura demonstrates how wholesale CBDCs can optimize international and international business, which is a key facet of international transactions,” added Sylvie Goulard, deputy governor of the Banque de France.

The wholesale CBDC experiment is part of a series of tests launched by the Bank of France last year and a continuation of tests carried out under the Helvetia SNB Project. It also contributes to the ongoing work on cross-border payments at the G20, noted central banks, noting that it should not be seen as a plan on their part to issue CBDCs en masse.