Huobi Global releases details of crypto buying campaign and RUB withdrawals/deposits

Recent news from global cryptocurrency exchange Huobi has seen the platform announce user support for the Russian Ruble (RUB). This latest development will mean that Huobi users can now withdraw and deposit in Russian Rubles. This is, of course, great news for the long-term success of the exchange itself and also users there who have been waiting for RUB support on the platform.

This is not the only new announcement made by the company though. They have also released details of users now being eligible to buy top digital currencies, such as BTC, LTC, ETH, BCH and DASH with Rubles. These new innovations will work in conjunction with AdvCash, which is one of the most respected payment solutions around in the crypto world.

RUB deposits and withdrawals in Huobi – how does it work?

Huobi Global has confirmed that both crypto buying and RUB deposits/withdrawals will be conducted through AdvCash wallets moving forward. This will come with a minimum deposit/withdrawal limit of 200 RUB for users. There has also been a maximum limit introduced for deposits of 100,000 RUB and 50,000 RUB for withdrawals.

It seems that the process of making transactions in RUB via AdvCash wallets on Huobi will be pretty simple. Users will be asked to provide identification details first, which will then be verified by AdvCash. People will then simply log into their Huobi Global Account and find the ‘Deposit-Exchange’ option under ‘Balances’. Once there, you would just find ‘RUB’ on the list of eligible currencies to fund your account with them.

Verification of KYC also needed

At this point in the process, users will also have to complete and submit their KYC for verification, if not done already. When this is all sorted, you can then choose ‘AdvCash Balance’ as your method of payment and choose how much you want to deposit. You then choose ‘Pay’ and get sent to the AdvCash platform where you set up an account or log in to continue.

After this, the whole payment procedure can be finished by using any of the options in your wallet. Once the payment is completed, you will be sent back to the ‘Deposit’ page and be able to carry on using Huobi Global as usual. Security is assured as all transactions made to and from your Huobi account are recorded.

Special RUB promotion period

Those who decide to use RUB in the current promotion period can save 0.99% on deposit fees and 2.49% on fees for withdrawals. It is also expected that Huobi Global’s decision to bring RUB into their platform will pave the way for other FIAT currencies to follow.

Source: Pressat

Typerium: the app that aims to revolutionise content creation

UK-based blockchain start-up Typerium has revealed an app that it says will change the way content creation is done for everyone.

The app, available on the Apple App Store, is designed to enable users to create fantastic visual content that can be shared instantly on every digital platform.

Typerium will expand its offering in the future, but even v1 of the app offers the opportunity for creators to access sophisticated suites of photo and text editing options, more than 400 premium fonts from some of the best type foundries around and free access to more than half a million stock images.

There are also more than 40,000 professional-quality designed assets already available on the Typerium app, with more added every day.

Simplicity is also key to the Typerium platform: with it, you can share the assets you’ve created to every social media network with just one click.

Crucially, though, all this work is protected by Typerium using blockchain technology.

The app took more than two years of work to reach the point of a successful launch, but Alex Haigh, the founder of Typerium, feels the app could change the game completely for content creators.

“It’s been an extremely challenging 2 years,” he says, “however, I believe we now have a solid foundation to build on to compete with companies like Canva, who have concerned the market for too long.”

Ultimately, Typerium intends to facilitate the work of content creators with a whole blockchain-protected ecosystem where they can work and run their business. This means a social media network and marketplace as well as a distributed platform for content creation.

Alex Haigh again: “What we are ultimately setting out to build has never been done before. In these current times, it’s more important than ever to provide people with an opportunity to become self-sufficient without the need for reliance on huge corporations or marketplaces for their livelihood. This is the first crucial step towards creating a decentralised platform that has the potential to empower content-creators.”

With top-quality designs available, a look and feel that’s smooth and sophisticated, and an easy versatility and simplicity in its operation, the first iteration of the Typerium app looks to be off to a good start.

Huobi Futures Celebrates $2.6 Trillion in Trading Volume

Huobi Futures has just celebrated over $2.6 trillion in cumulative trading volumes since its launch just over two years ago.

Its launch date was December 10, 2018 and ever since then, the trading platform has gone from strength to strength, now being considered one of the go-to places for derivitace product options.

A constant look towards the future and a aim to expand its product options have helped its growth. For instance, USDT-margined Swaps, Coin-margined swaps and futures are among the services that are central to Huobi’s offering currently.

This is demonstrated by USDT-margined Swaps accounting for almost 23 percent of the trading volume of all units as of December 3rd. Huobi’s coin-margined futures trading, which includes 13 major crypto assets, also has had a unilateral turnover of $1,907bn since its launch.

Not only that, but Huobi’s coin-margined swaps is the no.1 coin-margined swaps market globally.

Its trading volume of USDT margined perpetual swaps is also growing, with a cumulative total of over $60.5 billion as of December 4th, 2020. Earlier this year, Huobi further demonstrated their ability to offer an excellent service, by launching USDT-quoted options whereby users could trade without worrying about the risk of liquidation.

A statement from Huobi aimed to explain their success, citing the following: “The fact that Huobi Futures has achieved this success in just two years is largely due to its continuous efforts to launch innovative products that continuously enhance the user experience while ensuring that users can trade securely, consistently, and at a low cost.

This has a profound impact on two aspects for users. Since Huobi Futures started the operation in 2018, it has been able to provide users with a safe, stable and low-cost trading experience.”

Huobi Launches USDT-Margined Swaps at the End of October

Huobi Futures has announced its latest offering that looks to take advantage of the ever-growing and popularizing stablecoin market with USDT-Margined Swaps on Oct. 26. Ten popular currencies including BTC, ETH, BCH, BSV, LINK, DOT, UNI, FIL, YFI, and BNB are listed in its first batch. Based on Huobi’s announcement, currently only Web and API are available; trading on APP will be supported around one week later.

The total market capitalization of stablecoins has grown from $2.6 billion at the start of 2019 to $20 billion by late September of 2020. Tether (USDT), at $16 billion, leads the way. The data indicates a clear desire and hunger to use stablecoins for the transfer of value across the cryptocurrency space, and offering a stablecoin-margined swap at this time can provide new benefits to traders. In Huobi USDT-margined swaps trading, users can trade various perpetual swaps with only USDT.

Huobi USDT-margined swaps are quoted in USDT and use USDT to calculate profit and loss. USDT-margined swaps have a linear payoff and have no delivery date; therefore users could hold positions no matter how long they want as long as no liquidation occurs. USDT-margined swaps are settled every 8 hours and are executed at 00:00, 8:00 and 16:00(GMT+8). In addition to gaining profits in a rising or falling market by opening a long or a short position, users could also use it for hedging. The following part analyzes the main features and advantages of Huobi USDT-margined swaps.

Low-par value and up to 125x leverage

Compared with coin-margined swaps, the contract face value of USDT-margined swaps is relatively low. For example, the face value of each BTC/USDT swaps contract is 0.001 BTC, the converted value of which is around 12 USDT; while for coin-margined swaps, the face value of each BTC/USD swaps contract is 100 USD. Besides, the platform provides 1x to125x leverage to lower the threshold for traders, users could adjust the leverage based on their actual needs.

Preferential fee rate

The fee rate structure on Huobi Futures is transparent. The platform only charges transaction fees for opening and closing positions. During the promotion period, the lowest transaction fee rate for Maker is -0.025% and for Taker is 0.026%. Huobi will continue to execute its VIP sharing program for USDT-margined swaps.

A good news is that, for users who are a VIP client or a market maker of both Huobi futures and coin-margined swaps, the platform will take the higher one as their VIP level of Huobi USDT-margined swaps during the promotionn period. Assume a user’s level on Huobi futures is VIP 3 while on Huobi coin-margined swaps is VIP5, the system will take VIP 5 as his level on Huobi USDT-margined swaps.

Diversified functions

In terms of trading functions, Huobi USDT-margined Swaps supports multiple order types including Limit Order, Trigger Order, IOC and FOK. There are also many functions like Flash Close, Follow a Maker & Taker available.

It’s worth mentioning that Huobi is a pioneer in the industry that uses a locked margin optimization function. With this function, users who hold both long and short positions for the same asset could enjoy a position margin reduction and therefore lower liquidation risks than that in other derivatives platforms.

Moreover, Huobi USDT-margined Swaps offers “Take profit & Stop loss” functions. Users could set in advance not only based on price, but also on profit rate.

Excellent Liquidity and Zero Clawback Record

The USDT-margined Swaps is designed by the original team of Huobi Futures whose core members were all from top investment banks. Huobi Futures has rich experience in derivative product modeling and system construction, at which users could enjoy the best liquidity and the highest trading volume.

The platform has various methods to protect users’ assets, such as cold and hot wallets separation, multi-signatures, anti-DDOS protection systems, and 20,000 BTC security funds preparation, which makes the company holding a record of zero clawbacks since the launch in December of 2018.

User-friendly liquidation mechanism

Huobi Futures is the first digital asset derivatives exchange in the industry that supports a three-phase liquidation protection mechanism; no transaction fees will be charged in partial liquidation. The platform uses Exponential Moving Average (EMA) as a second reference for forced liquidation and the clawback mechanism will not be triggered as long as the insurance fund is positive.

USDT-margined swaps are the latest product offered by Huobi, following on from the extremely successful launch of Coin-margined Swaps in March this year, and Options a few months later. Huobi’s Futures team has ingrained itself as one of the leaders in the space as the team leans on previous experience at investment banks.

“We are well aware of the growth in the stablecoin market and the amount of money that has been added to the ecosystem and want people to be able to make use of that. In countering the risk of USDT price fluctuations, we also offer USDT/USD swaps with leverage up to 1000x. In this one-stop digital asset derivatives platform, we provide USDT-margined swaps, coin-margined swaps, coin-margined futures and USDT-quoted options to satisfy the diverse needs of individual and institutional traders.” said Ciara Sun, Head of Global Business and Markets and Vice President Huobi.

Source (pressat)

The Upfiring Dapp: Full-Scale Project Launch, Upfiring 1.2.2 Dapp Release & Upcoming Events for 2020

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With Upfiring 1.2.2, seamless decentralized P2P file-sharing is now possible on the Ethereum blockchain. With our product ready for user adoption, the project’s focus will be shifting towards towards community growth and marketing for the second half of 2020.

Upfiring 1.2.2 Release — August 24th, 2020

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Important Link Updates:

  • ufr.chat links to our forums, which have been relaunched and will be further updated this week
  • upfiring.com homepage will be updated this week with new links/information as well

Marketing

  • Upcoming AMAS
  • Influencer Marketing
  • The Upfiring Blog, Press Releases, & SEO campaign
  • Expansion of the Upfiring Dapp Documentation
  • File-Sharing website outreach
  • Community-run marketing group and community contributions
  • Paid advertisements

EVENTS

Upfiring Dapp Stress Tests (3)

Stress Test 1: 500 UFR Total — Sunday, September 20th, 2020 at 5 PM EST

  • We will decrypt the files one by one, rewarding all participating seeders with a share of the UFR equal to 100/# of seeders for each file

Stress Test 2: 2,000 UFR Total — Sunday, October 4th, 2020 at 5 PM EST

  • 10 .ufr files, each worth 150–250 UFR, will be created by our team and distributed via our social media pages one week prior to the stress test (September 27th to October 4th)
  • Files will be decrypted as with Stress Test 1

Stress Test 3: 5,000 UFR Total — Sunday, October 18th, 2020 at 5 PM EST


Upfiring’s Upcoming AMAS (Ask-Me-Anything) & Appearances

  • GosuTV, Korean audience — set for Wednesday, September 9th at 9 PM EST
  • TheGemHunters, a 2500+ Telegram group — set for Sunday, September 20th at 2 PM EST
  • @cryptowindonesia, an Indonesian audience of over 7500+ people, translator will be used — date pending

In addition, we plan to appear on several Influencer’s Channels in September and October including:

  • CryptoWendy (date set)
  • Several other major appearances are set, and we cannot disclose them until the air date!

The Upfiring Blog, Press Releases, and SEO campaign

The Upfiring Blog, to be located as a subset of the upfiring.com website, will be a major contributor to the growth and promotion of Upfiring. We will be publishing content dealing with issues surrounding file-sharing, file storage, decentralization, and various other relevant topics to our project.

In addition, the dapp’s documentation will be improved to include more important information for new users, such as several potential use cases for Upfiring and how to maximize usage and earnings as a content creator.

File-Sharing Website Outreach

We will also be spending time over the next few weeks reaching out to existing file-sharing websites to help them integrate .ufr files into their sites.


Community-run marketing groups and community contributions


Development

Upfiring Dapp Uniswap Integration

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Preliminary model of Uniswap integration into the Upfiring dapp

Funding your Upfiring wallet, obtaining UFR to use within the dapp, or converting your UFR earnings to Ethereum/other tokens is going to become a smooth experience that users will be able to do using their Upfiring wallet in the dapp. In another effort to further decentralize the dapp and remove the power that centralized exchanges have over this project, Uniswap (a decentralized exchange) will be integrated directly into the dappThis is another huge step towards the immutability of the Upfiring network — if the Uniswap.org website goes down for any reason, you will still be able to use the smart contracts within the Upfiring dapp to convert to and from UFR with 100% uptime.


The Upfiring Blockchain — moving to our own smart contract network with a bridge to the Ethereum network


Upfiring Web Browser Dapp


This is an exciting time for this project. We have a ton of events planned in the coming months and would love to have you, the reader, join our communities and be a part of our project’s growth. You can get UFR on Uniswap here. Check out our social media pages: TelegramUpfiring ForumsRedditTwitterBitcointalk, and Discord as we continue our mission to change the future of P2P file-sharing.

Crypto Behemoth Huobi to Launch Bitcoin Options Trading

Huobi Futures to launch Bitcoin Options Trading in Q3 of 2020. 

Following the successful launch of Perpetual Swaps in Q2 of this year, Huobi Futures now has its sights on a Q3 launch for its Bitcoin Options.

Bitcoin Options are a form of financial derivatives that provide traders with the right, but not the obligation, to buy or sell Bitcoin at a specific price at a certain date of expiry.

Alpha testing is already in full swing as the Huobi team looks to iron out and streamline the Options trading offering. Once complete, Huobi Futures will announce the official launch on the Web and API. The options will also then be expanded to the Huobi Trading App.

The contracts will be offered in the European style meaning that buyer of the Option can only be exercised at the expiration. The Options contracts will, at first, only be available for Bitcoin.

Options have long been a popular derivatives trading tool in the traditional space, but this type of trading has also permeated the cryptocurrency space recently. A Bitcoin Options contract is similar to a futures contract with the main difference being that the trader has an option, rather than an obligation, to buy or sell on a fixed date at an agreed upon price.

The crypto behemoth’s entry into the derivatives market has been incredibly successful so far and continues to be bolstered. The company has been sitting at the top of many metrics regarding trading volume and has rocketed to the top in Perpetual Swaps in just a few months.

Mining provider Xive has broadened the scope of services, rolled out a rebranding and announced the launch of a free educational platform on mining and cryptocurrencies

Kazakhstan-based mining provider Xive announced mining capacities empowerment and the launch of an updated site on the 9th of July. On xive.io website you can buy a fast mining contract starting from $4.55, pre-order mining powers or even become a partner of the company by filling out an application for the equity purchase.

Besides hashpower sharing, Xive offers its clients mining hardware accommodation starting from $0.042 per kWh.

For its clients Xive offers low upkeep costs, customer support and real-time hardware monitoring. Also, company claims to have the most transparent legal conditions on the market.

“We work legally and value our reputation. Therefore, we provide the highest level of service to our customers.” – stated Didar Bekbauov, founder of Xive.

Learning platform Xive Academy includes a set of educational articles on the company website and a series of free webinars, dedicated to the basics of mining and cryptocurrencies. The first webinar is intended for beginners, but it will also be useful for more experienced users to systematize knowledge and look at mining and cryptocurrencies from a different point of view.

14th of July at 4 PM UTC – “Mining secrets 2020” online webinar will take place. More information and a registration form can be found by link.

About Xive

Xive is an officially registered Kazakhstan-based mining provider that offers remote mining and hardware accommodation services. The company was founded in 2018 as a part of Astana Hub – government-supported international techno hub. Company owns and manages three datacenters and develops real-time hardware monitoring software. In the near future Xive plans to launch hashpower marketplace and own mining pool. Among company services there are hashpower pre-order, fast mining contracts purchase and hardware accommodation.

Blockchain Services Provider OKGroup Leads $2 Million Pre-IPO Investment Round in Banxa

Banxa, a full-service, internationally compliant digital banking infrastructure provider, announced it has completed its USD$2 million Pre-IPO investment round. The round was led by OK Group, a world-leading blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications..

The funding round will be used to support Banxa’s global expansion efforts as it enters new markets throughout Europe, Asia, and Africa. Other participating investors in the raise include Australian Securities Exchange (ASX), and listed Thorney Investment Group Australia, a multi-billion-dollar family office.

This Pre-IPO funding round supports further efforts of onboarding new customers as Banxa expands its global payment network all the while continuing its listing process on the Toronto Stock Exchange (TSX.V).

Representative from the Investment Department of OK Group Estrella Du said, “A blockchain-driven economy can enable everyone to access financial services without any intermediary, ultimately empowering people, regardless of social class and geographical location, with financial freedom and opportunities. To this end, building a bridge between fiat and crypto is of paramount importance. We sincerely hope our investment will be a catalyst for such development.”

Domenic Carosa, Founder and Chairman of Banxa said, “After almost six years in the blockchain industry, our goal remains the same––to champion a fairer, more open and more secure financial system for the benefit of consumers and businesses alike. We are currently in the final stages of a TSX.V listing which will make Banxa the first crypto Payment Service Provider (PSP) to be listed in the world, bringing well-needed transparency and governance to the crypto sector.”

Banxa offers a fully compliant fiat-to-crypto conversion service that provides regulatory compliance, fraud detection and mitigation. Accommodating a host of global payment options including leading global credit card providers, bank transfers in the European Union, Australia, and the United Kingdom, as well as cash payments, Banxa is able to offer high volume payment processing at low fees. Banxa’s B2B service launched in late 2019 and has already seen integrations with global crypto firms including OK Group entities , Binance, KuCoin, and EDGE Wallet, servicing a combined customer base of over 20 million users.

PaperTale blends technology with sustainability through the blockchain

Since the environment we buy our products from has become ever more global, it has become more and more difficult to keep track of where and these products are made, and if they’ve been manufactured in a way that adheres to our principles. Now, however, a new Swedish blockchain company looks set to change all that.

PaperTale is a new venture in which you’re able to trace a product from its inception using the blockchain, and it brings with it lots of new possibilities.

Let’s say you’re looking at a table, but you’re curious as to the worker’s living standards where it was made, and wish to see if they were paid a fair wage. You can scan the product with your smartphone, and check to see if the employee’s who made the table receive salaries fit for the acceptable living standards in their country.

Or perhaps you want to get verified information about the table’s supply chain and its environmental impact? Again, just scan the product with your phone and the information will be relayed to you on the screen. Using PaperTale, consumers can be much more ethical with their purchases, choosing products that benefit the workers or the environment most.

This traceability is made a reality through PaperTale by way of special protocols built on the blockchain. These enable you to see detailed facets regarding the methods and ethics used to produce the item. On top of that, through PaperTale and your smartphone, it’s possible to send tips directly to the worker who made your products, and have it verified so you can be assured your money has gone to the right people.

PaperTale has been two years in the making, and is finally ready to make its mark on the world. They already have a proof of concept, through the way of a textile company in Pakistan, where all of their new clothes are manufactured using this technology in mind. The tech isn’t limited to textiles though, with PaperTale the possibilities are almost endless.

papertale

If you’re one of the many people concerned about workers’ rights and the environment and want to ensure that what you buy is ethical and complements your principles, PaperTale is the technology that will get you where you want to be. To show your support, their crowdfunding campaign is about to go underway on Kickstarter on 13th November, where you’ll have the chance to be the first to use the new technology.

Support worker’s rights by showing your support for PaperTale.

A Trading Revolution by 50x.com: Incredible Technology is Changing the Way We Think About Trading.

The world’s first and only cryptocurrency exchange with the Any2Any technology has successfully completed beta testing of the third version of the quantum trading core with a built-in liquidity flow that will completely change the notion of exchange trading.

Surprisingly, all modern exchanges, like hundreds of years ago, still use fixed trading pairs, which are in no way connected at the level of the trading core and the order matching system. Each orderbook only contains orders placed in a specific pair. Although hundreds of cryptocurrencies have emerged, you won’t be able to directly exchange one for another on an exchange, where prices are set by the users themselves – you will need to change it first into one of two or three “base currencies” supported by the exchange, and then transfer it to another, or use the services of exchangers, arbitrageurs, thus having to pay increased fees.

The result of three years of development by the 50x.com team was an innovative trading core based on cloud technology and quantum principles for combining orders: although the concepts of a trading pair are preserved at the user level and the interface is completely identical to a regular exchange, all orders inside the core exist in a single space and do not have a firm connection between a seller and a buyer, combining the maximum number of orders in all trading assets simultaneously.

According to the developers themselves, it is impossible to confidently predict the progress of execution after another order has been added, since any new order adds liquidity to a part of the system, thereby changing its state and topology. The same effect is observed in quantum physics, where the presence of an observer changes the results of an experiment. Users only benefit from this, as the system often finds more profitable options while executing another order.

The benefits of using the new Any2Any technology are immediately visible: one order in a trading pair immediately creates the same liquidity in all trading pairs containing this token. That is, one user can place an order to buy DASH for Bitcoins, while all others get the opportunity to sell DASH for any of the currencies listed on the exchange.

The old separated “markets” technology incessantly bumped into traditional problems that were noticeable even on national stock exchanges, i.e. a lack of liquidity in most instruments and its concentration in “blue chips”, which led to a decrease in trading opportunities. Cross-rate trading with more often observable strong movements on which one can quickly earn money, was reserved for advanced arbitrageurs boasting their own trading robots. There were also infrastructural restrictions, making it economically impossible to support a large number of orderbooks.

The 50x.com exchange offers a completely different approach to trading, where hundreds and thousands of cross-rates are available to every user right in the terminal. Thanks to the Any2Any liquidity overflow technology, you can choose any pair from the assets available on the exchange and trade in it. Whereas, orders placed, for example, in the DASH/QTUM orderbook, will automatically appear in all other DASH/* */DASH and QTUM/* */ QTUM orderbooks. And this will lead to the fact that even the most exotic orderbook will collect the entire liquidity for the coins of this trading pair.

How does it benefit trading?

The first and obvious benefit is the possibility of direct trading between coins, without paying double commissions. If you want to switch from DASH to QTUM, you simply place an order in an orderbook of DASH/QTUM. This is much faster than selling DASH first and then buying QTUM. And most importantly, you only make 1 order, and, therefore, pay the trading commission only once.

The second advantage is the ability to view orderbooks/charts in exotic pairs and, accordingly, a huge number of new trading tools, whose rates often go in wider channels than the main instruments. That means they have a greater profit potential.

The third advantage is a multiple increase in liquidity for each coin. Since the entire liquidity of the exchange is summed up across the coins, no matter what pair the orders are in, the liquidity will be available in other pairs as well. This makes manipulating rates much more difficult.

How is this possible?

The fact is that the 50x.com exchange has developed a trading core of a unique architecture that operates with entire transaction graphs, rather than with single orders. This allows you to reduce hundreds and thousands of cross-orders in different currencies within one transaction and create cross-orders.

Why is there no such thing on other exchanges?

The architecture of the Any2Any core is fundamentally different from standard trading cores and required numerous innovative solutions during its creation. Regular exchanges cannot switch to Any to Any technology without completely changing the very basis – the trading core.

Other major exchanges have also attempted to create Any2Any technology, but only one development team has managed to create a truly working product today.

You can try trading with the new technology at 50x.com now – no KYC required.