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LBank Exchange Will List Zirve Coin (ZIRVE) on March 30, 2022

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Internet City, Dubai–(Newsfile Corp. – March 28, 2022) – LBank Exchange, a global digital asset trading platform, will list Zirve Coin (ZIRVE) on March 30, 2022. For all users of LBank Exchange, the ZIRVE/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on March 30, 2022.

Figure 1: LBank Exchange Will List Zirve Coin (ZIRVE) on March 30, 2022

As a joint project of Zirve Group, Zirve Coin (ZIRVE) was created to integrate companies into the metaverse, with features including reserve fund, governance, staking, crowdsourcing and more. The ZIRVE token will be listed on LBank Exchange at 14:00 (UTC+8) on March 30, 2022, to further expand its global reach and help it achieve its vision.

Introducing Zirve Coin

Zirve Coin is a joint project of the Zirve Group and its founding members. Since 2015, Zirve Group has been transacting in many fields, especially in dried nuts, in Turkey and in many countries of the world. Zirve Group consists of a group of companies with offices and branches in many provinces of Turkey with over 500 employees.

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With a mission of integrating Zirve group employees into the Metaverse, Zirve Coin will ensure the work efficiency, ease of communication in meetings, and time saving. After the Zirve group Metaverse integration, the integration process will be commenced in structured companies like Zirve group.

The services of Zirve Coin include Decentralized Finance (DeFi) reserve fund with governance for global missions, outlet for societal transparency, utilizing the power of crowdsourcing for on-demand investigations, peer to peer voting enabling delegative democracy, staking and node hosting to enable a fully decentralized platform.

About ZIRVE Token

Based on BSC, ZIRVE has a total supply of 100 million (i.e. 100,000,000) tokens, of which 5% is provided for seed sale, 8% is provided for private sale, 20% is provided for public sale, 24% is provided for liquidity, 12% is allocated to the team, 16% is provided for ecosystem, and the rest 15% will be used for marketing.

ZIRVE will be listed on LBank Exchange at 14:00 (UTC+8) on March 30, 2022, investors who are interested in Zirve Coin investment can easily buy and sell ZIRVE token on LBank Exchange by then. The listing of ZIRVE on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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Learn More about ZIRVE Token:

Official Website: https://www.zirvecoin.com
Telegram: https://t.me/ZirveCoinCommunity
Twitter: https://twitter.com/zirvecoin
Instagram: https://www.instagram.com/zirvecointr/

About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.

Start Trading Now: lbank.info

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Community & Social Media:

l Telegram
l Twitter
l Facebook
l Linkedin

Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]

PR Contact:
ZEXPRWIRE
[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118413

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

PayPal receives New York crypto trust charter

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The New York State Department of Financial Services (NYDFS) has granted PayPal Digital a limited purpose trust charter, a designation typically held by digital asset custodians and some stablecoin issuers.

Last August, PayPal launched its PYUSD stablecoin, marking the first stablecoin from a BigTech company. Paxos Trust Company, which also holds an NYDFS limited trust charter, currently issues the PYUSD stablecoin. Paxos has been PayPal’s partner for its cryptocurrency services since inception. Consequently, the new trust charter may signal PayPal’s intention to take over the custody of its clients’ crypto-assets and potentially move the issuance of PYUSD in-house.

Despite reaching out to PayPal for clarification on the purpose of the trust charter, no response was received before publication.

The PYUSD stablecoin is still in its early stages, with its recent integration for cross-border payments via PayPal’s Xoom app. The stablecoin’s market capitalization has grown to nearly $400 million, up from $190 million in early April. Notably, wallets associated with the issuer Paxos hold over $125 million, possibly on behalf of PayPal. The top five wallets constitute 71% of the stablecoin balance, with 17 wallets holding $1 million or more, accounting for 97% of the total holdings.

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The largest holders include Paxos, Crypto.com, Curve (DeFi), Defiance Capital, and Frax (DeFi). Among these, Crypto.com holds a balance of $103 million and Bullish holds $23 million.

Additionally, in November, the SEC’s enforcement division issued a subpoena requesting documents related to the issuance of the PYUSD stablecoin.

Source: ledgerinsights.com

The post PayPal receives New York crypto trust charter appeared first on HIPTHER Alerts.

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Blockchain

Hong Kong SFC to conduct compliance checks on crypto firms

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The Hong Kong Securities and Futures Commission (SFC) has announced that it will conduct on-site compliance checks on local virtual asset trading platforms (VATPs) that are still completing their regulatory applications following the June 1 licensing deadline.

In a notice issued on May 28, the SFC emphasized that all local crypto trading platforms must be either licensed or “deemed-to-be-licensed” by the regulatory body before the June 1 deadline. Operating an unlicensed VATP in Hong Kong after this date will be considered a criminal offense, and the SFC will actively pursue non-compliant companies.

In the coming months, the SFC will perform on-site inspections of deemed-to-be-licensed VATP applicants to evaluate their compliance with regulatory requirements. These inspections will focus on how firms safeguard client assets and implement Know Your Customer (KYC) processes.

The SFC urged investors to trade cryptocurrencies only on SFC-licensed platforms to ensure their protection. It also cautioned companies seeking licenses against actively marketing their services or onboarding new retail clients until they are formally licensed. Additionally, firms must prevent mainland Chinese residents from accessing their services, adhering to China’s ban on cryptocurrency trading.

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Earlier this month, it was reported that the number of crypto exchanges seeking operational licenses in Hong Kong had been decreasing. Eleven crypto companies and exchanges, including well-known platforms like OKX and Huobi’s local arm, withdrew their applications ahead of the deadline. Currently, only 18 applications remain pending approval.

In response to the upcoming licensing requirements, some crypto firms have proactively taken steps to ensure compliance. For example, Gate.HK, a crypto exchange, halted all activities related to acquiring new users and marketing, prevented existing users from making deposits, and began delisting tokens on May 23. The exchange plans to relaunch its services after restructuring its platform to comply with Hong Kong’s regulatory requirements.

According to the SFC, only two companies, OSL Digital Securities Limited and Hash Blockchain Limited, have been granted licenses to operate in Hong Kong so far.

Source: tradingview.com

The post Hong Kong SFC to conduct compliance checks on crypto firms appeared first on HIPTHER Alerts.

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Blockchain

Argentina crypto group plans to set up a blockchain valley in Buenos Aires

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The crypto community in Argentina is planning to establish a “blockchain valley” in Buenos Aires as part of the Crecimiento movement, which has a following of 500 individuals.

This group includes prominent figures in the country’s crypto ecosystem, such as Diego Guitérrez, co-founder of Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, a general partner at Ripio Ventures.

Significantly, Crecimiento’s core team has the support of advisors to Argentina’s new libertarian president, Javier Milei.

Crecimiento aims to create a hub for crypto and technology-oriented business founders in the capital, offering a comprehensive three-dimensional plan. This includes bringing 5 to 10 million people on-chain by offering exclusive items, boosting the number of tech-related startups, and providing necessary support.

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The group’s mission is to work with Argentina’s newly crypto-friendly government to bolster the cryptocurrency sector through initiatives like tax rebates, industry investment, and simplified regulations.

During his campaign, President Milei highlighted the benefits of Bitcoin, associating it with a sense of freedom, though no formal statements have been made on the subject. Nonetheless, the group has been actively collaborating with officials to establish their crypto center in Buenos Aires.

Maria Milagros Santamaria, a Web3 lawyer, noted that regulators are showing a high level of positivity toward their proposals and are requesting specific plans regarding the crypto sector to move forward. She mentioned that there are only a few individuals opposed to the initiative, and fortunately, their numbers are minimal.

Source: cryptonewsz.com

The post Argentina crypto group plans to set up a blockchain valley in Buenos Aires appeared first on HIPTHER Alerts.

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