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Homegrown Canadian Crypto Startup, Steam Exchange, Takes on Binance and Other Major Players, in an Effort to Obtain Complete Compliancy and Offer a Safe Space for New Investors in the Crypto Ecosphere

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Toronto, Ontario–(Newsfile Corp. – August 19, 2021) – Steam Exchange, a new and upcoming Canadian Cryptocurrency Exchange is on track to set the new standard for major players in the market. Having access to a feature-packed Centralized Exchange has been an issue in Canada. With major brands exiting the market due to regulations, it leaves opportunity for homegrown talent and local organizations to soak up some significant market share.

Steam Exchange’s ‘built from scratch’ approach enables features to be built out with longevity and complete compliancy in mind. Steam Exchange is currently being developed in Canada, by Canadian Engineers. Partnered with top Canadian Universities, the platform is truly “Made in Canada”.

Neville Divecha, one of the Co-founders and developers of Steam Exchange, shares what they are doing to differentiate themselves from some of the major players –

“We definitely see Steam Exchange operating as a Global Initiative with a Canadian core. We’re currently working with the best legal minds in the regulatory and compliancy sector. Steam Exchange believes that the user experience directly relates to the success of a platform, and will be applying that principle to their development strategy. We are working towards being 100% compliant with OSC regulations, and regulations around the world. With first of its kind features, the platform will truly be your one stop shop for all things crypto. We aim to provide services and functions that allow you to trade confidently and freely.

To view an enhanced version of this graphic, please visit:
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“Keep in mind that this is not an idea or solely a concept. We’ve been hard at work, behind the scenes for more than 6 months, and are well on our way to completion of Stage 2 – which is our mobile integration and user interface optimization. We crushed our deadlines with Stage 1 and were able to show our community the fully functional and operational exchange platform; live nodes, active trading pairs, KYC integration, you name it.

“Steam Exchange views itself as much more than just an exchange, we aim to make a difference in the crypto ecosphere by providing a safe space for individuals to foster, and groom their own crypto journeys through the power of learning. This will be facilitated by our physical locations across Canada, as well as online resources; offering exposure and training for all things crypto.”

The team behind Steam Exchange is currently focusing efforts on marketing, ahead of their SteamXchange Token launch, working closely and diligently with strategic partners and preparing a range of targeted content and informational material. By preparing and engaging in their marketing initiatives now, rather than post-launch, the team is confident that they will be positioning Steam Exchange in great stead, for their holders and strategic partners.

Designed with early investors & visionaries in mind, the SteamXchange Token, built on the Binance smart chain, enables early adoption of the native SteamX Coin that would be based on their own proprietary Blockchain.

Neville mentions, “Upon completion of Stage 3 and once our Exchange is ready to be released to the world, we will engage in a swap of SteamXchange Tokens for our native SteamX Coin. This native SteamX Coin will be used as the main liquidity pair for all cryptocurrencies offered on the platform. It will work as a base token for the platform where all trading to, and from other cryptocurrencies begin and end with SteamX Coin.

“In addition to trading, SteamX Coin will unlock tiers within the platform. The more SteamX Coin you hold, the higher the tier. The higher the tier, the more benefits you unlock. Think of this as an incentive to trade on and support the platform.

“All of this is not possible without being powered by our state-of-the-art SteamX Blockchain! Built with speed and cost in mind, trading on the SteamX Blockchain will be fast and affordable. Gone are the days of slow trades and high fees.”

More information about the project can be found on their Website, Telegram group, and Twitter below:

https://steamexchange.ca

https://t.me/SteamXchangeOfficial

https://twitter.com/steam_exchange

Client and Media contact:
[email protected]

Steam Exchange believes that they can make a difference in the crypto ecosphere by providing a safe, well-informed space for new and experienced investors alike. The physical locations will encourage more exposure, trust, and allow for Steam Exchange to bridge the gap through the power of learning. The core team has worked for multiple Fortune 500 companies in the past and is ever willing to deliver; they constantly provide the community with updates and organize forums of discussion. All aboard as Steam Exchange is poised to emerge as a credible, long-term player in the crypto ecosphere.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93779

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety

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The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.

The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.

Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.

Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.

Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.

Source: blockchain.news

The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.

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Blockchain

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

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Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.

The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.

Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.

The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.

In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.

Source: blockchain.news

The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.

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Blockchain

Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development

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The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.

Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.

By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.

Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.

The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.

Source: cryptonews.com

The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.

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