четвъртък, 3 май 2018 г.
сряда, 2 май 2018 г.
Qompass Connects the Realms of Artificial Intelligence, Neural Networks and Financial Markets
Users interact with the platform through the mobile app and their Qompass card. The multifunctional debit card and hardware wallet system, allows users to transfer and withdraw funds from their debit card using the mobile app.
Qompass has a rich ecosystem of Application Programming Interface (API) protocols that ensure the safety of user financial and capital market operations globally.
[embed]https://youtu.be/K6Z8VWQCeOs[/embed]
By utilizing blockchain fully distributed ledger functionality to make every transaction tamper-proof and corruption free, Qompass aims to restore traders` trust in the 294 trillion dollars global financial market.
The platform is a self-aware blockchain supported by Artificial Intelligence (AI) that has proven itself to be considerably faster than Ethereum or Bitcoin. Qompass supports more than 30,000 transactions per second. The platform has been built to support financial transactions and high frequency trading at the lowest cost.
The cross-chain smart contract functionality of Qompass allows smart contracts to work on multiple blockchains which further enhances the flexibilty and dynamics of the platform.
Roadmap
What Qompass has to offer?
Crypto Payment Cards
Crypto Peer-To-Peer (P2P) Exchange
Open API Platform
Qompass Trader
Blockchain-Based Financing
The Qompass ICO (QPS Token) Sale
The Qompass platform provides cryptocurrency enthusiasts and investors with an unlimited access to funding pools within the established global financial network. Qompass is revolutionary blockchain technology that has the enormous potential to disrupt global financial markets by conveniently combining, optimizing and securing multiple types of financial activity.
Binance Cryptocurrency Exchange to Invest $15 Million in Bermuda
Premier David Burt said: “The Binance Group is the world’s largest cryptocurrency exchange and an international leader in digital exchange development and fintech, with a market capitalization of US$1.3B. Through the Binance Charity Foundation, the Group is committed to improving education, creating awareness in the development through the use of blockchain technology. Binance Labs are incubators to encourage greater innovation and scope for future investment in a variety of projects.”
Bermuda, a Blockchain Hub?
The announcement comes two week’s after Bermuda sent a clear message to the world that it wants to become a hub of blockchain innovation, embrace the digital future of cryptocurrencies and attract fintech entrepreneurs. Next month, the Virtual Currency Business Act is scheduled for discussion, covering areas such as ICOs, virtual currency exchanges, wallets and virtual currency services vendors. The legislation aims to address the intersection of cryptocurrency and fiat, overcoming issues of fraud and market manipulation.
Following the launch of a Blockchain Task Force last year, Bermuda is also moving forward with ICO legislation as it plans to become the first country to regulate ICOs.
During the meeting, Premier David Burt commented that the partnership was a meeting of goals and objectives: “Binance has decided that their goals align with our aims and objectives to provide a leading, well regulated jurisdiction, ideally suited to the growth of the FinTech industry.”
Bermuda is an international business and offshore financial hub already attractive to international business due to the fact that it has no corporate income tax. Burt’s progressive attitude towards cryptocurrency and blockchain should come as no surprise. The youngest ever Bermudian Premier started up his own IT consulting company before entering politics.
The announcement follows news that Binance surpassed one of Europe’s largest banks in profitability this year. In the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million.
вторник, 1 май 2018 г.
Fintech Firm Revolut Reaches $1.7 Billion Valuation After Integrating Cryptocurrency
Earlier this week, Nasdaq CEO Adena Friedman said that the second biggest stock exchange in the US and one of the world’s leading markets, is open to becoming a cryptocurrency exchange. On CNBC’s Squawk Box, she said:
“Certainly Nasdaq would consider becoming a crypto exchange over time. If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors. I believe that digital currencies will continue to persist it’s just a matter of how long it will take for that space to mature. Once you look at it and say, ‘do we want to provide a regulated market for this?’ Certainly Nasdaq would consider it.”
The cryptocurrency is market is still relatively small and is valued at $400 billion. But, it is also one of the fastest growing industries internationally. Recently, as CCN reported, a major cryptocurrency exchange Binance surpassed the profits of Deutsche Bank, Germany’s largest financial institution. Startups within the cryptocurrency sector are directly competing with banks and leading financial service providers.
Revolut, a London-based fintech company, was valued at less than a billion dollars last year and its user base was not comparable to its rival company TransferWise. In late 2017, Revolut integrated cryptocurrency trading, allowing users to purchase and sell cryptocurrencies like bitcoin. In addition, Revolut also revealed a debit card which users can utilize to spend cryptocurrencies at any Visa-accepting merchant.
Within a year, the valuation of Revolut surged to $1.7 billion and it beat Transferwise in market cap. According to Quartz, TransferWise is currently valued at $1.6 billion, $100 million less than Revolut.
The new $1.7 billion valuation of Revolut reflects the rapid increase of the company’s user base, which increased by more than 70 percent following its cryptocurrency integration. Apart from Coinbase, Revolut remains as the only bank-like network in Europe that allows users to spend, store, send, and receive payments from both bank accounts and cryptocurrencies.
Adopt or Become Isolated
South Korea, the US, and Japan have taken the approach of adopting the cryptocurrency industry and businesses within it. This month, South Korea’s deputy minister of Ministry of Strategy and Finance stated that central banks should be concerned about the rapid rise of alternative payment methods like cryptocurrencies and the threat they pose against the fiat system.
“Cryptocurrencies like Bitcoin and Ethereum, which led an investment and speculative bubble earlier this year, have stabilized and are leading both the authorities and investors to question the foundation of the fiat system. The central bank should consider the emergence of alternative payment methods such as cryptocurrencies as a threat to the existence of the traditional fiat system,” said Minister Kim.