Blockchain
Young Platform is Presenting its Exchange for Cryptocurrency Trading at the Lisbon Web Summit
Young Platform, an Italian fintech startup that has recently successfully completed its equity crowdfunding campaign on Seedrs, is presenting its exchange, which will make it possible to buy and sell bitcoins and other major cryptocurrencies, at the Lisbon Web Summit.
“With more than 70,000 visitors expected, including 1,500 investors and 2,000 journalists, we decided that the Web Summit would be the perfect event to officially present our flagship product, the cryptocurrency exchange,” said Diego D’Aquilio, CMO and Head of International Expansion of Young Platform.
Only one year after its foundation, Young Platform has opened 3 offices, has grown the team from 6 to 18 full-time employees, and has successfully completed three fundraising rounds.
The most recent fundraising round was carried out through an equity crowdfunding campaign on the UK platform Seedrs, thanks to which the Italian startup raised 787,000 Euros from 751 Italian and international investors, bringing the company to an overall valuation of over 9 million of Euros.
Thanks to the raised funds and the closure of the technological partnership with Modulus, an American company that has such clients as Goldman Sachs and J.P.Morgan – Young Platform has been able to accelerate the development of the exchange in the recent months.
“The partnership signed with Modulus was a decisive step for us, as Modulus has actually provided us with the basic infrastructure on which to develop our exchange, guaranteeing the highest level of performance and safety,” explained Samuele Raimondo, CTO and Co-Founder.
“We are committed to guaranteeing to our users the same level of privacy and security as that of any financial institution, relying on the best market partners,” said COO and Co-Founder Alexandru Stefan Gheban. “We are also working on making Young Platform the first fully regulated Italian cryptocurrency exchange.”
“Over 40% of the adult population and more than two billion people are not served by the banking system,” said CEO and Co-Founder Andrea Ferrero. “Many live in poverty, and after the 2008 economic crisis, cryptocurrencies and the blockchain have opened up a new chapter in the financial history.”
“Thanks to Young Platform, it will finally be possible to invest in these new digital assets in a simple and intuitive way,” concluded Ferrero, “To allow anyone to take part in the technological revolution that will lead to the democratization of access to economic resources.”
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.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
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.
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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