Yesterday, on Twitter, the global crypto exchange Bithumb announced that it will list MIXMARVEL (MIX). As per the announcement, the launch date is …
Yesterday, on Twitter, the global crypto exchange Bithumb announced that it will list MIXMARVEL (MIX). As per the announcement, the launch date is 10th May 2019 at “2:00 in the afternoon (KST).” Bithumb is a South Korean blockchain platform where you can purchase, sell, exchange, or trade cryptocurrency. The platform offers a number of cryptocurrencies to choose from.
In the official blog announcement about the launch, there is another exciting revelation that might interest Bithumb users. The blog says that the crypto exchange will conduct “10 million airdrop event” as a mark of celebration of the listing of MIXMARVEL (MIX.) Those who are interested in learning more about the event can go through the official blog of the crypto exchange, and for those who wish to go into even deeper into the details can check out the Mixmarvel’s Foundation page.
[New Coin Listing🔔] MIXMARVEL (#MIX) is listed on Bithumb!
■ Timeline for the listing : May 10, 2019 (Fri) in the afternoon (KST)
■ Open date of Deposit address : May 10, 2019 (Fri) at 2:00 PM (KST)
In the blog, one can find information regarding the processing time for deposit as well as withdrawals. According to the announcement, the withdrawal time is decided for the coming Monday to Saturday, and the timings for it are 09:00 ~ 21:00. Please note that these days do not include Sundays and other official holidays. For withdrawals, the channel which has been made available includes “PC Web, Mobile, and API.”
The 10 million Airdrop event:
The crypto exchange has revealed the timeline for the event. It will span for three consecutive days. It will be conducted from 10th of May, 2019 till 12th May 2019 (midnight.).
Distribution of MIX:
The daily contribution rate is the key factor which will decide how many MIX tokens will get distributed. Ideally, as per the blog, an amount of 2,500,000 MIX has been decided for every three days.
Additionally, there is a special distribution plan for the users who will manage to gather the largest amount of transactions in these three days. The first three users will be then awarded extra MIX. The number of MIX tokens as per ascending order are- 200K MIX, 500K MIX, and 800K MIX tokens. Further, there is a mention of how the contribution rate will be calculated as well as how the accumulation of the transaction (KRW) will be figured out
On the other hand, the deposit for the airdrop event will take place only on the 10th of May. The airdrop is made available for those who will deposit MIX tokens externally during the mentioned timeline. The airdrop will also be awarded to the top three participants. The first user with highest deposit amount needs to fulfil the distribution amount of 150K MIX tokens, the second one with 90K MIX Tokens, and the third one with 60K MIX tokens. The minimum amount of deposit to be qualified for the event is 1500 MIX.
When will the winner get the payment after Airdrop?
As per the blog, the lucky date is 22nd May 2019. As a caution, it is advised by the exchange that the transaction should not smell of any illegal activity or any kind of abnormality. The entire responsibility of the right kind of transaction is laid on the shoulders of the user, by the crypto exchange.
Issuing a blanket ban on commerce in merchant currencies, however, punishes … It explicitly forbids advertising digital currency exchanges, ICOs, and …
Advertising is a special challenge for cryptocurrency startups because so many of the largest ad networks prohibit cryptocurrency in their advertising policies.
When the crypto bubble reached its height in 2017 and popped, Google, Facebook, and others issued blanket cryptocurrency bans the following years.
It’s understandable that these companies want to protect their users from scams and unrealistic promises on their ad platforms.
Issuing a blanket ban on commerce in merchant currencies, however, punishes an entire industry instead of removing individual actors for specific violations.
This kind of policy is blatantly anti-commercial and anti-industrial. It’s also an admission of defeat in the face of a specific, technical problem: How to make as much ad revenue as possible by having as many legitimate and professional advertisers on your platform as you can while weeding out whatever makes it a bad experience for the user.
That problem is on the face of it not nearly as overwhelming as the myriad challenges and edge cases that have been sorted out by a can do Silicon Valley attitude and some engineering. And the rewards are certainly worth it. The crypto industry is massive.
Double Standards for Crypto Advertising
There is also no shortage of scammy, ridiculous ads for all kinds of other industries’ absolute junk products on these platforms.
Google “penis enlargement” and you’ll find Google allows merchants to place ads for their business selling penis enlargement products. Google even serves ads for healing crystals. Yet the company banned all ICOs from Google Adwords in 2018.
So it’s clear enough that the wildly disruptive cryptocurrency industry has to play by a different set of rules than everyone else.
Entrepreneurs working to offer goods and services in this promising technical revolution are guilty until proven innocent, scams until proven professionals.
They’ll also have to dig deeper, find more creative ways to reach prospects, and work harder on optimizing their product and their sales offering to maximize opportunities.
The following is a review of ad policies on major advertising networks where cryptocurrency businesses can’t advertise, can advertise with no special permission, and can advertise only with a special permit from the ad platform.
The ad policies are linked, and the commentary about them is all current as of the date of publication, but note these policies can change quickly.
Google and Facebook’s Previous Cryptocurrency Advertising Bans are Now Restrictions
Shortly after crypto winner started in early 2018, Facebook and Google banned all cryptocurrency related advertising on the two most massive online ad platforms.
A few months later the search and social media giants relaxed their bans, but Google says only regulated merchants with special permission can advertise on its platform.
“Ads may not promote cryptocurrency and related products and services without our prior written permission.”
So if you’re running a legitimate cryptocurrency business offering a real product, and if your business plan and marketing methods are all above board and white hat, then you can advertise crypto goods and services on Google and Facebook.
It will, however, take extra effort over more traditional businesses. But if your crypto business is doing something real that shouldn’t stand in anybody’s way.
“Even if legal in the applicable jurisdiction, LinkedIn does not allow ads related to gambling, sweepstakes or the sale of virtual currency or cryptocurrency.”
Too bad that’s what LinkedIn thinks of cryptocurrency, since it was founded by Reid Hoffman, one of the “PayPal” mafia. It could be said that Entrepreneur called cryptocurrency gambling too, when it said Hoffman is betting big on Bitcoin.
Microsoft Ad Policy Does Not Currently Permit Any Cryptocurrency Advertising
Although for some time Microsoft did allow cryptocurrency advertising on its ad platforms, crypto ads are now prohibited by Microsoft:
“Advertising for the following products and services is not permitted:
-Cryptocurrencies and cryptocurrency related products including, but not limited to initial coin offerings, cryptocurrency exchanges, and cryptocurrency wallets.”
So even a transaction as straightforward as a hardware wallet, an electronic device in exchange for a retail purchase price, is prohibited by Microsoft at this time.
“Ads for financial products and services must clearly and prominently disclose all applicable material terms and conditions to consumers prior to the submission of an application.”
“Cryptocurrency including: Wallets, Trading Platforms, and Initial Coin Offerings (ICOs) unless prior approval is obtained from Snap.”
Twitter Does Allow Limited Crypto Advertising to Some Crypto Businesses with Certain Restrictions
Initial Coin Offerings and any kind of cryptocurrency token sales are globally prohibited on Twitter, but currency exchange, trading, and related services, cryptocurrency exchanges, and cryptocurrency hot wallets provided by publicly traded companies are allowed with certain restrictions and a special permit from Twitter.
Taboola Prohibits Cryptocurrency Advertising
You would think an ad network with standards as low as Taboola’s would let anyone advertise anything on their third party ad platform.
Yet cryptocurrency advertising is currently not allowed on Taboola. But enjoy your “new sleeping pill ‘better than Ambien’ and no prescription.”
Outbrain Prohibits All Crypto Advertising Except Editorial
Another major third party ad network in the same league as Taboola, Outbrain also restricts cryptocurrency advertising. It explicitly forbids advertising digital currency exchanges, ICOs, and investment and trading advice. Outbrain does make an exception for “editorial content from premium publisher sites,” that discuss cryptocurrency.
Reddit Allows Crypto Advertising
Cryptocurrency entrepreneurs are allowed to advertise on Reddit, but they cannot advertise crypto payment cards, wallets, ICOs, or any individual currencies or tokens themselves. That still leaves a world of opportunities open.
Crypto Ads Are Fine on Tumblr
There is currently no ban on advertising cryptocurrency goods and services to Tumblr’s audience. In the past the Tumblr user base, while smaller than that of Facebook, has been shown to spend more money on average after being referred from an advertisement on Tumblr to a retail website.
Advertising on The Cryptosphere
While platforms like Google and Facebook have globally massive users bases, the audiences on niche cryptocurrency news and information websites are the most valuable prospects for cryptocurrency businesses.
These audiences are more educated than general audiences about merchant currencies and digital assets, more likely to already use or own cryptocurrency, and more likely to have problems related to crypto that they would pay to have solved.
However, throughout the last month, this difference became more and more visible when looking at Bitcoin price on Bitfinex and on other exchanges.
Historically, there has always been a slight difference in the trading price of Bitcoin on various exchanges. However, throughout the last month, this difference became more and more visible when looking at Bitcoin price on Bitfinex and on other exchanges. Following the latest Bitcoin leg up, nevertheless, this difference is now shrinking away.
Bitfinex Bitcoin Premium Down to About 1.5 Percent
As Cryptopotato reported earlier today, Bitcoin skyrocketed in price, reaching $6,300 throughout the day and is up over $1,000 in the last 7 days alone.
Following the latest surge, we can also see that the premium for buying Bitcoin on popular cryptocurrency exchange Bitfinex is shrinking and is already only around 1.5 percent.
For comparison, the premium was even high as 6% just two weeks ago after the cryptocurrency exchange was served with a court order from the New York Attorney General, alleging a cover-up of $850 million loss.
As seen on the chart above, after April 26th, there was a serious discrepancy between the price of Bitcoin on Bitfinex and on other major exchanges.
Perhaps one of the best explanations to this was the fact that people were buying Bitcoin as a means of getting out of the exchange following the turmoil after the NYAG court order. In other words, it’s easier for people to buy and withdraw Bitcoin compared to other currencies, hence driving its price higher.
Why Is The Premium Shrinking?
There can’t be a one-off answer to that question and there certainly are numerous reasons for it. First off, it’s only logical that the newfound price volatility which caused Bitcoin to surge over the past few days will eventually even up its cost throughout different exchanges because the increasing demand across the board is weighing in.
BitFinex Reports On Over $400M Gross Profits
On another note, it could also be the fact that people might feel more confident in Bitfinex and don’t urge to leave the exchange. Just yesterday, May 9th, Bloomberg reported that Bitfinex has managed to net a profit of $404 million on their $418.2 million gross profit, which suggests a 97 percent net profit margin, which is somewhat impressive, if true.
In any case, it’s worth noting that Bitcoin is performing splendidly throughout the entire year, almost doubling up in price. This has caused many, including prominent investor Mike Novogratz, to believe that we are already seeing 2019’s bull run.
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A malware attack on tax and accounting software giant Wolters Kluwer is sparking concerns regarding the security of sensitive information, such as tax return and financial information stored on its cloud computing servers. As technology in the financial world continues to develop, security will emerge as an important focus in fintech.
Wolters Kluwer provides software technology to the top 100 accounting firms in the U.S., as well as 90% of top global banks and 93% of Fortune 500 companies, according to the company web site. The attack left a number of its tax and accounting services in tatters since early Monday morning.
As a result, customers have been unable to access customer tax returns or personal informationvduring a busy filing period where taxes for non-profit organizations are due May 15.
“We have a really close relationship with our customers, and we understand that this situation impacted their day-to-day work,” Elizabeth Queen, vice president of risk management for Wolters Kluwer, told CNBC. “We’re working around the clock to restore service, and we want to provide them the assurance that we can restore service safely. We’ve made very good progress so far.” Queen said the company has contacted authorities and third-party forensic teams to investigate the incident.
ARKF invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology infrastructure platforms, ultimately revolutionizing financial services by creating simplicity and accessibility while driving down costs.
“Powered by innovations within mobile, artificial intelligence, and blockchain technology, companies within fintech are working to disintermediate or bypass incumbent financial players and challenge traditional institutions by offering new solutions that are better, cheaper, faster, and more novel and secure,” stated ARK’s Founder and Chief Executive Officer, Catherine Wood.
“Fintech reimagines the generation, transfer, and storage of value in today’s increasingly digital economy, and its impact will extend across every industry. Through facilitating peer-to-peer transfers, gifting, intermediary products, and other non-GDP related economic activity, the companies in ARKF, in our view, will touch more than the $80 trillion in GDP today,” Wood added.
Contactless payment systems typically fly under the radar, but more popular applications like Apple Pay are drawing more attention to the industry. Prior to the FIS purchase, Fiserv agreed to buy payment processor First Data for about $22 billion earlier this year.
The purchase of Worldpay would give FIS a large footprint in the e-commerce market given that the former is responsible for facilitating 40 billion transactions per year.
DAVINCI, as a practitioner of AI financial technology, is committed to the application and development of artificial intelligence consultant, and constantly explores strong alliances and promotes service upgrades. DAVINCI has made persistent efforts to reach a cooperation agreement with the world-renowned financial software service provider to launch MetaTrader5 (hereinafter referred to as MT5).At this point, in addition to its innovative AI smart investment platform “WAVE ROBO ADVISOR, there are more service platforms for independent trading, which can be said to be one step forward in the field of CFD online trading margin.
In CFD (margin trading), the most commonly used tools are MT5. As the main tool for autonomous trading, MT5 has more comprehensive functions, more varieties of trading and autonomous operations. The updated MT5 is easier to operate and more professional than the old version of MT4. This is also the original intention of DAVINCI to provide users with a better investment experience.
DAVINCI MT5, includes financial product transactions involving CFD, 21 time periods like 2 minutes chart and 3 hours chart, 70 technical indicators, and 5 order types and 4 execution modes , to increase the number of options. At the same time, EA test function is more powerful and hence programming is more convenient and faster.
DAVINCI has been studying in the field of smart investment consulting for several years, and the research and development achievements are outstanding: there are many trading systems in addition to the global trading market information ecosystem, intelligent EA system, big data risk management etc. In order to verify the effectiveness of the trading system on the real trading market,stemming from the technical team’s excellent strength,after the actual test, DAVINCI has launched the global order-operating software “WAVE ROBO ADVISOR”The software, designed for lazy users and green hands, has achieved universal popularity since launched Davinci.
Seeing users growing from not knowing the CFD transaction to making a small profit through WAVE ROBO ADVISOR , DAVINCI is more confident to continue to dig in the CFD market. Launching the software is the sincerity of Davinci’s initiative in the field of financial technology, and it is also an important upgrade of its own services: considering users who have various needs at all levels can it take root in the market firmly.