PR: Roger Ver Joins Azbit Crypto Exchange Advisory Board

Roger Ver Joins Azbit Crypto Exchange Advisory Board

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

We are elated to announce that Roger Ver, CEO of Bitcoin.com and Mate Tokay, COO of Bitcoin.com joined Azbit as our Advisors!

Apparently the subject on everyone’s mind today is “Roger Ver is planning to open his own cryptocurrency exchange”. The global crypto community of course took his statement seriously since “Bitcoin Jesus” has a good eye for the major upcoming industry trends.

This is an approach that Azbit fully supports: we firmly believe that the world needs a truly multi-functional, reliable, and functioning exchange. And that is what we are working on right now. We are sure that people should be able to get all the financial services they need in a single place. This is why Azbit is building blockchain banking together with an in-built multi-exchange and investment platform.

Azbit’s multi-cryptocurrency exchange is currently 80 percent ready. It is based on the Bitsane crypto exchange, which has been successfully operating since 2016 with more than $8,000,000 in daily transaction volume.

The official announcement of the partnership between Azbit and Bitcoin.com was made right on board at Blockchain Cruise 2018. After signing a document Roger Ver, CEO of Bitcoin.com, said: “We’re gonna to promote all Azbit products at Bitcoin.com so the whole world gets to know the great project that Azbit is building. They build platform, we promote it, the users come and everybody is happy!”

“Bitcoin Jesus” Roger Ver is billionaire, crypto enthusiast, investor, businessman, and one of the most influential people in the world of crypto and blockchain. He has recently participated in at least four ICOs as an advisor. All these projects have successfully raised the planned hard cap – from 15 to 50 million USD.

Roger Ver and Mate Tokay are always on top of things – сertainly, this was the beginning of our significant cooperation. Our advisors’ boundless knowledge about cryptocurrencies and blockchain will raise Azbit project to the new level and offer our customers a truly great product.

The strongest aspects of the Azbit project:
Truly new idea of combining the most popular and in-demand financial services that currently exist separately.

Azbit AG (a joint-stock company) has been registered in Switzerland and thereby authorized to issue shares. It gives us the brilliant opportunity to issue tokenized shares during the crowdfunding campaign. AZ token holders will receive the dividends in this connection. Azbit will share 75% of the total platform’s fee; all payments (in AZ tokens) via airdrop will be made monthly. Income statements and audits will be published regularly on Azbit.com.

Azbit has obtained a securities exemption from the U.S. Securities and Exchange Commission (SEC) under Rule 506(c) of Regulation D. The project also has a Payment Institution license in the Czech Republic (in the E.U.)

Azbit had successfully finished Private sale and moved to the next level – Pre-ICO campaign is underway. Early investors can get the maximum bonus – up to 30%.

Website: https://azbit.com/
Page on Bitcointalk: https://bitcointalk.org/index.php?topic=4382120.0
Telegram: https://t.me/azbit_com
Facebook: https://www.facebook.com/azbit.news/
Instagram: https://www.instagram.com/azbit.news/
Twitter: https://twitter.com/azbit_news
Medium: https://medium.com/@Azbit_news

Contact Email Address
info@azbit.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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What Is the Level01 Exchange?

Another day, another cryptocurrency exchange. So, what makes Level01 any different from the rest? In a sea of competition from established centralized exchanges and rapidly appearing decentralized ones, what value prop does Level01 offer and how does the

Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund

Research: 1 out of 5 Hedge Funds Launched This Year Is a Crypto Fund

New research shows that one out of five hedge funds launched thus far this year has been a cryptocurrency-focused hedge fund. This is a surprising statistic in light of the 2018 bear market, but it may indicate that managers and investors are still optimistic about the long-term outlook and want to capitalize on current low prices.

Also Read: Report: Barclays Drops Plan for Cryptocurrency Trading Desk

Rapid Expansion by Segment

A total of 90 cryptocurrency hedge funds were launched in the first three quarters of 2018, according to data from Crypto Fund Research. Extrapolating a similar rate for the final quarter of the fiscal year, 120 crypto hedge funds will likely be launched in 2018, or exactly 20 percent of the 600 hedge funds that will probably start operating by the end of this year.

This is a rapid expansion of relative market share by segment, as crypto hedge funds accounted for just 16 percent of launches in 2017 and less than 3 percent of new hedge funds in 2016. And as the report notes, two-thirds of all currently operational crypto funds have been launched within the past seven quarters (January 2017 to September 2018).

Research: 1 out of 5 Hedge Funds Launched This Year Is a Crypto Fund

The research also shows that about half of the crypto hedge funds launched this year were based in the U.S. However, Australia, China, Malta, Switzerland, the Netherlands and the U.K have all seen multiple cryptocurrency hedge fund launches in 2018, too.

Drop in the Bucket

Research: 1 out of 5 Hedge Funds Launched This Year Is a Crypto FundIt is also important to remember that while crypto funds are growing quickly, they still account for a small fraction of the overall industry. There are currently only 303 crypto hedge funds in operation, accounting for just 3 percent of more than 9,000 hedge funds that exist around the world. Crypto hedge funds also have less than $4 billion in assets under management, which is a drop in the bucket compared to the wider hedge fund industry, which manages more than $3 trillion in assets.

These figures do not include crypto venture capital and crypto private equity funds. Adding those to the total, there are currently 622 crypto funds of all types now in operation, according to Crypto Fund Research.

“In the midst of 2018’s decline in traditional hedge fund launches, crypto hedge funds are a notable aberration. Cryptocurrency prices have been in a bear market for the better part of the year and regulatory uncertainty persists in much of the world,” said Joshua Gnaizda, founder of Crypto Fund Research. “Yet these seemingly unfavorable market conditions have not deterred managers from launching new crypto hedge funds at a record pace. While we don’t believe the rate of new launches is sustainable longer-term, there are currently few signs of a significant slowdown.”

Why are so many crypto hedge funds being launched in the current market? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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IMF, World Bank Set Framework Around Fintech Advances

IMF, World Bank Set Framework Around Fintech Advances

The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies.

The Bali Fintech Agenda, released at the conclusion of their annual meeting, distills the issues and concerns around disruptive technologies like distributed ledgers and smart contracts. The 12-point agenda intends to provide guidance to countries in their assessments of policy options around specific circumstances and priorities.

“Countries are demanding deeper access to financial markets,” World Bank Group President Jim Yong Kim said in statement on the agenda framework. “The Bali Fintech Agenda provides a framework to support the Sustainable Development Goals, particularly in low-income countries where access to financial services is low.”

IMF Managing Director Christine Lagarde echoed the sentiment. Pointing to the estimated 1.7 billion adults around the world without access to the financial services sector, she said, “Fintech can have a major social and economic impact for them and across the membership in general. All countries are trying to reap these benefits, while also mitigating the risks.”

As outlined in an IMF press release, the focus of the 189 member countries must include the following goals:

Embrace the Promise of Fintech

Especially for low-income countries, small states and the underserved, fintech can hasten access to financial services and financial inclusion, deepen financial markets and improve cross border payments and remittance transfer systems.

Enable New Technologies to Enhance Financial Services

By facilitating telecommunications and digital infrastructures, countries foster open and affordable access and ensure a conducive policy environment.

Reinforce Competition and Commitment to Open, Free and Contestable Markets

Enabling a policy framework addressing risks around market concentration and moving to foster standardization, interoperability and transparent access to key infrastructures ensures a level playing field while promoting innovation, consumer choice and access to high-quality financial services.

Foster Fintech to Promote Financial Inclusion and Develop Financial Markets

Enabling countries to leverage promising new pathways for economic and financial development supports growth and alleviates poverty. Achievement toward this end entails the inclusion of fintech in efforts toward financial and digital literacy “while fostering knowledge-sharing between public- and private-sector players, civil society, and other stakeholders.”

Monitor Developments Closely to Deepen Understanding of Evolving Financial Systems

Information-sharing and exchange supports improved monitoring and includes the maintenance of dialogue with current industry leaders and innovators as a means of identifying emerging opportunities and risks and to “facilitate the timely formation of policy responses.”

Adapt Regulatory Framework and Supervisory Practices for Orderly Development and Stability of the Financial System

As issues arise around emerging financial technologies, regulators and policymakers must be prepared to modify and adapt frameworks to a degree proportionate to risks. “Holistic policy responses may be needed at the national level, building on guidance provided by standard-setting bodies.”

Safeguard the Integrity of Financial Systems

Mitigate risk around criminal misuse of fintech through use of technologies that strengthen anti-money laundering compliance and combat financing of terrorism.

Modernize Legal Frameworks to Provide an Enabling Legal Landscape

Legal frameworks that fail to keep pace with fintech innovation and evolving global markets undermine the general trust and reliability of financial products and services. It’s important to enable a legal framework with clear and predictable rules.

Ensure the Stability of Domestic Monetary and Financial Systems

While fintech could help central banks improve services — including the potential issuance of digital currencies as well as expanding access to and improving the resilience of payments services — monetary policy must also safeguard financial stability and even expand social safety nets when necessary.

Develop Robust Financial and Data Infrastructure to Sustain Fintech Benefits

The integrity of the financial system must maintain resilience to cyber attacks and other disruptions. Robust infrastructure development includes implications that reach beyond the financial sector and move into the digital economy as a whole. Issues here include data ownership, protection and privacy, cybersecurity, operational and concentration risks, and consumer protection.

Encourage International Cooperation and Information-Sharing

International cooperation assists in ensuring effective policy responses to foster opportunities and to limit risks that could arise from divergence in regulatory frameworks. “The IMF and World Bank can help in facilitating the global dialogue and information-sharing” with an eye toward building a global consensus.

Enhance Collective Surveillance of the International Monetary and Financial System

As fintech continues to blur financial boundaries and amplifies interconnectedness, spillovers and capital flow volatility, the potential to affect the balance of risk in global financial security increases.”The IMF and World Bank could help in improving collective surveillance and assist member countries via capacity building, in collaboration with other international bodies.”


This article originally appeared on Bitcoin Magazine.

Tether Pulled $300 Million in Cryptocurrency out of Circulation Last Week

tether USD cryptocurrency stablecoinTether LLC, the issuer of the eponymous USD-backed cryptocurrency tether (USDT), pulled $300 million worth of the “stablecoin” out of circulation last week, just days before the token lost its dollar peg. Blockchain data from Omni, the second-layer protocol that operates on the Bitcoin blockchain and serves as the infrastructure for the tether token, reveals … Continued

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