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BANKEX to Launch Token Trading Platform as a Key Part of its STO Framework

Vlad Poptamas

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BANKEX, the leading global fintech company, has launched its very own BANKEX Token Exchange. This new platform enables not only the trade of basic pairs of utility tokens, but will also allow the trade of complex security tokens connected to real-world assets in respect with the Maltese legislation. BANKEX Token Exchange will serve as a secondary market for security tokens and will support ERC-1400 and ST-20 token standards as well as ERC-888 security tokens from BANKEX that incorporate KYC verification methods. The trading platform stores crypto in BANKEX Custody Service, an eminently secure cold storage depository.

Crypto enthusiasts and security token owners all over the world have something to smile about thanks to BANKEX launching its all-in-one secure exchange platform

BANKEX, bolstered by its experience issuing security tokens as well as its familiarity with a diverse set of regulatory frameworks for tokenization, has launched the first complete STO framework that will offer services covering the entire life cycle of a security token. These services will include digitization via BANKEX Digital Deal, solutions to meet both KYC and AML requirements within the token’s issuance, secondary market trading, and burning.

Over the next year, BANKEX will make use of a license that its Virtual Financial Assets Act service provider is submitting to the Malta Financial Services Authority. This license is granted only to exchanges that have strong Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures in place.

But BANKEX acquiring a license to list security tokens in full accordance with Maltese legislation is only the first step. In conjunction with this initiative, BANKEX is also working towards getting licenses in Switzerland, South East Asia, the United States, and the Cayman Islands.

This announcement comes in the wake of other similar initiatives put in place over the last few months by popular crypto exchanges including Binance. However, none of the big market players can offer a turnkey STO framework supporting a security token throughout its full life cycle that includes the full suite of services described above. In addition, in order to ensure a token’s liquidity and mitigate risk, BANKEX offers the opportunity to securitize tokens by combining them. This functions in the same way that Brent Crude Oil Futures work.

This new platform enables not only the trade of BTC and ETH basic pairs, but is most of all designed for the further trade of real-world-asset-connected complex security tokens represented by standards such as ERC-1400, ST-20, and ERC-888. These tokens that will be supported by the new exchange will only be available to people who have gone through and been approved by KYC and AML procedures. The author of a token, i.e. the business or the developer that is responsible for the token offering, can create and monitor rules for both the KYC and AML procedures.

BANKEX Token Exchange will undergo a brief evaluation period over the next few weeks to ensure optimal operations for all customers. The platform will soon have Korean and Chinese interfaces.

Trading safely

The trading platform stores assets in BANKEX Custody Service. Keeping assets in the cold storage of Custody Service will ensure that assets won’t be stolen and will help prevent any business difficulties that could arise from insecure storage.

The BANKEX Custody Service database cannot be accessed or read by a human – everything is encrypted and handled within a machine environment. The server is removed from human interference and only BANKEX’s automated modules can access it. In addition, in Custody, to hack a wallet, one needs to hack a whole series of nested keys kept in a Hardware Security Module (HSM) within the Amazon cloud.

A New Exchange for Algotraders

BANKEX Token Exchange will allow high frequency trading (HFT), with up to 100 orders occurring in seconds, thus letting big algos spot trading opportunities. It will also permit the implementation of Application Programming Interfaces (API) that let users select their strategy, program their requirements, and execute broker plans.

Negotiations are currently underway with liquidity providers to make margin trading possible in BANKEX Token Exchange.

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There a many things that shape a man, but the carving is done by the hobbies and passions. I've pursued two main careers, professional photography and webdesign, while also keeping a passion for automobiles, technology and games. At PICANTE NEWS, I take care of news editing and press release publishing in se
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MaGIC with MBA has launched Blockchain Researcher Lab program in Malaysia

Alexandru Marginean

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10th Oct Cyberjaya: MaGIC in collaboration with Malaysia Blockchain Association has launched a new program for Blockchain enthusiasts who wants to learn the component of the technology from basic layer to the application layer. The objective of the program is to spread awareness and knowledge on applying blockchain technology into business component.

Dato Rayson Wong, Chairman of the Malaysian Blockchain Association , delivered a speech at the launching ceremony of the Blockchain Researcher Lab. He said that the development of the blockchain  requires the government’s strong support and promotion to succeed, so he is especially grateful to the Malaysian Entrepreneur Development Minister (MED). ) YB Datuk Seri Mohd Yusof Md Redzuan  traction, contributed to the MaGIC Malaysian global innovation and creativity Center jointly launched the scheme, so that Malaysia played a key role in the block chain economy, promote the development of industry 4.0.

 

The highlight of this program is its Exploration Lab, where participants or researchers are allowed to play around with different cryptography algorithm, consensus mechanism and even run their blockchain solution.

TriveAcademy founder Tan Ji-Sheng   explained the main purpose of the blockchain researcher lab program, hoping to cultivate more blockchain professionals, while also allowing more small and medium-sized enterprises and innovation teams to better understand the blockchain and embrace the blockchain. And the blockchain technology will be incorporated into the application and create more value gains.

Companies are taking notice of these business benefits and embracing blockchain technology for its wide-reaching possibilities. From manufacturing to healthcare to supply chain and beyond, blockchain has much to offer. Therefore, they encouraged many industries to come and have the hands-on of the technology which will be exposed by expert only.

 

About MaGIC

At MaGIC , we believe in inspiring movement. Our mission is to build a Sustainable Entrepreneurship Ecosystem by catalysing Innovation & Creativity for driving Long – term nation impact.

About Malaysia Blockchain Association

Malaysian Blockchain Association [MBA] is an international Non-Profit social enterprise established with a global vision to build a sustainable blockchain community through Malaysia cooperation

 

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B2B Press Releases

Why NOT to attend ChainPoint 19!

Alexandru Marginean

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Networking is boring and meeting the industry leaders seems not cool.

Who wants to travel to a city in the middle of nowhere, get to the venue of the conference in a traffic jam, meet these new people, try all that armenian unknown dishes? And there will definitely be need to reprint the business cards. Yeah, this is reasonable enough not to join the conference.

But listen, nobody wants to miss the chance to rub shoulders with the thought-leaders and experts of blockchain space for more than 20 hours, and have the unique opportunity to listen to so many  insightful and inspirational speeches from the top-notch experts and visionaries from the space.

The Minister of Economy of Armenia, Tigran Khachatryan, will present the main principles of the attractive crypto regulation law to be put in force soon, the CEO of Bitcoin.com Stefan Rust will give a keynote speech on the recent developments of the platform, Henri Arslanian, the Global Crypto and FinTech Leader at PwC and the Chairman of Fintech Association of Hong Kong will uncover exclusive insights about the fintech and crypto industry, Toufi Saliba, the CEO of TODA.network will tell about the new protocol, Marc Taverner, the Global Ambassador of Bitfury will show how governments are utilizing the DLT technology, we will go deep into use cases of digital transformation with Dr. Ramadan AlBlooshi, and will spread light on the hottest topics on the agenda of digital economies and much more.

We are hosting more than 25 blockchain communities with the presence of most active players who will be showcasing their products and services, proving us that this industry is going to disrupt the perception of the future we are all looking into.

ChainPoint 19 has the vision of bringing light to the most significant initiatives that are taking place in the space and providing a platform for all the players to grab as much value as possible.

 

Who cares about all that startup competitions?!

If your startup doesn’t need funding, or if you are not thrilled to discover the next big thing in its early stage, you can miss the CP19 Startup Battle.

Startups are the ones who fuel the development of the technology by proposing more and more real world use cases. This teams and ideas have to be noticed and ChainPoint 19 is the exact platform to bring all this fascinating projects onstage. Meet VCs, investors, experts, the ones who have built the startup ecosystem from scratch and they are here to share their experiences and maybe fund some of the lucky projects.

Why ChainPoint 19 Startup Battle?

  • Build strategic partnerships
  • Gain valuable and targeted media exposure
  • Get invaluable expert feedback
  • $350k prize fund, benefits and perks

The Startup Battle is supported by InnMind, aeternity ventures, CV labs and SmartGateVC, who have contributed to form the prize fund. They provided the opportunity to join the top incubation and acceleration programs, take the development of the project to the next level and close a funding round at the end.

 

Your workload is way too busy for you to take two days off and visit the next blockchain hub

Nice point, you can stay at your comfort zone, but here we have lots of stuff happening, that you definitely do not want to miss.

The Nooor Blockchain Armenia has introduced a draft law on crypto regulation and you can find out why the country is another option during ChainPoint 19. We talk about Malta, Switzerland as the jurisdictions with the most favorable conditions to operate a blockchain company, we go to Estonia for better opportunities and address service-providers from Singapore, etc. Each and every state is in hustle to put themselves on a map and attract as much international players as possible. And here we are, stating that we can count as one of the best options to choose. This is not only about the jurisdiction and fast growing tech industry, it is the creativity and the innovative approach we got and ChainPoint is one of the platforms to showcase all the opportunities that we have in our country.

We have taken the road of becoming one of the countries which will be advocating the development of the technology and the ecosystem as a whole.

Putting aside the blockchain, are you sure you want to miss your chance to touch the thousands-year-old history, see the outstanding cultural sights and taste the unique cuisine? Consult with your travel agent, she will show you the right way!

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Blockchain

The power of cryptocurrency education

Alexandru Marginean

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Source: Pexels.com
Reading Time: 5 minutes

If mass adoption of cryptocurrency is ever going to happen, we need widely-available cryptocurrency education to happen first.

People won’t use what they don’t understand. We saw this with initial resistance to the internet, social media, and smartphones. In the case of these three technologies, there wasn’t a lot of education needed to get people to eventually get on board: the tech just had to become more accessible, more useful, or cool enough that suddenly everybody wanted it.

Cryptocurrency is more complicated than a smartphone, however. Just as we educate children about fiat money in age-appropriate ways, through allowances and budgeting and savings accounts, we must also teach the mainstream audience about how to use and interact with cryptocurrency, to protect them from making foolish decisions.

A child who has not been educated about money might blow their allowance on candy rather than saving up for a new video. An adult who has not been educated about cryptocurrency, on the other hand, might share their private keys with a scammer or invest in a KaratBars-style scam.

 

Knowledge is power

When we teach people about cryptocurrency, we empower them to make smart decisions. A person who understands the importance of their private keys will keep them in a safe place and not share them with scammers. A person who has learned how to perform due diligence won’t invest in the first get-rich-quick scheme that lands in their inbox. A person who has learned how the blockchain works will understand whether or not blockchain implementation will improve their business’s operations.

We can’t just hand the world blockchain and cryptocurrency and expect them to know what to do with it. If mass adoption of cryptocurrency is ever going to happen, we need widely-available cryptocurrency education to happen first.

If you’re reading this, chances are you’re already a member of the crypto community and you have some understanding of the underlying technology and tokenomics. But if you’re relatively new yourself, you may have trouble properly explaining these concepts to the people in your life. It’s a frustrating experience, having just enough knowledge about something to be excited about it, but not enough to get other people to understand and be excited, too.

 

Invite people to learn alongside you

You are in the perfect position to serve as an ambassador for cryptocurrency and the blockchain. Your passion and excitement is probably contagious, and your curiosity is likely driving you to learn more. Harness that! Now is the time to ask your friends and family to join you on this exciting journey into the new frontier of cryptocurrency.

One good way to do this is to get people to join you for a class. You may be able to find an in-person workshop that’s open to the public. But another good option is to join an online class together — this offers a lot more flexibility, and also allows you to invite people to join you regardless of the geographical distance between you.

The great thing about learning alongside someone is that there’s a lot of opportunity for discussion. When you’re attending the same class, you’re on the same ground. You know what your friend has already learned, because you learned it alongside them. And because you have a little more experience than they do, you’ll be in a good position to help them, by clearing up something they didn’t quite understand in class, or pointing them to good resources for further learning.

 

Top tips for getting a good crypto education

  1. Whether you decide to sign up for an on-line course or educate yourself by reading articles and watching videos, make sure you’re learning from a reliable, up-to-date source.
  2. Learn how to do your own due diligence. Whether you’re considering a workshop, an exchange, or an investment opportunity, you should know how to perform the proper research.
  3. Be wary of anyone offering fast profits or guaranteed returns. If it seems too good to be true, it probably is.
  4. Never transfer your crypto funds to a teaching platform without being 100% confident that they are trustworthy. Actually, never transfer your crypto funds to anyone unless you’re confident in who you’re dealing with.
  5. Stay on top of news and developments in the industry by getting your news from trusted, crypto-centric sources.
  6. Look for high-quality subreddits, Telegram chats, and forums where people actually discuss cryptocurrency rather than hyping the next get-rich-quick scheme.

Mass adoption doesn’t just happen. It happens because people find something great, and they want to share it with others. You’ve learned how exciting cryptocurrency can be. How will you share that with the people in your life?

 

Online platforms for a crypto education

You have several options available if you’d like to pursue an online education in cryptocurrency and the blockchain:

  • Cointelligence Academy – If you’re looking for an online class suitable for everyone from crypto enthusiasts to total beginners, we’d like to invite you to Cointelligence Academy, a course series designed to cover everything from the basics of bitcoin and blockchain to how to perform due diligence on crypto projects. These classes are presented by Cointelligence staff who have years of experience in cryptocurrency and a passion for crypto education. 
  • Introduction to Digital Currencies at UNIC – Get a taste of the University of Nicosia experience by enrolling in the world’s first free MOOC (massive open online course) on cryptocurrencies and blockchain technology. This introductory course is taught by the CEO of UNIC and a Bitcoin entrepreneur, so students are sure to get an expert education.
  • BlockGeeks – Considered by many to be the leading crypto academy, this platform offers unlimited access to a variety of courses at a monthly fee. They also offer a “Blockdegree” in ETH. Much of their education is geared towards Ethereum, so those looking to get a job on an ERC-based project may do well to look into this platform for their professional development.

There’s an option out there for every student. Consider what your goals are, how much time and money you have to invest in your education, and how you like to learn, and get started on getting a great crypto education today. Every step you take to learn more is another step towards mass adoption.

 

About the author: On Yavin is the founder and CEO at Cointelligence, a company that conducts data research and analysis for the crypto economy. On has extensive experience as a serial entrepreneur and angel investor, as well as more than 20 years of experience in the tech industry. On uses his deep, hands-on experience and knowledge of online marketing to create winning strategies for crypto, and blockchain companies. Having earned the reputation of “crypto expert”, On continues to contribute to this industry in ways that advance cryptocurrencies and blockchain technologies. On has a law degree (LLB) and is also a certified Advocate by the Israeli Bar Association.

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