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Category Archive Crypto Press Release

ByDavid Adamson

Tipitek is Expanding the Capabilities for Its Clients

Tipitek is a structural division of Cryptoves LLP with its own high-speed, reliable, and modern cryptocurrency platform. Since its launch, the entire Tipitek ecosystem has been continuously evolving, providing a reliable platform for working in the crypto industry. While there were previous announcements about expanding the range of tools, not all details were previously disclosed. As of today, Tipitek offers the opportunity to work not only with cryptocurrencies but also with tokenized stocks, indices, precious metals, commodities, and energy assets.

About Tipitek: Analyzing Tipitek’s operations, it can confidently be said that its creators have successfully combined the best elements: innovation, style, comfort, security, multifunctionality, stability, high speed, and more. Both beginners and experienced traders enjoy working here, as each sees benefits for themselves.

Tipitek offers several types of trading accounts, and the use of margin trading conditions allows for trading on growth.

Expansion of the Instrument List: This management decision now allows Tipitek clients to work with cryptocurrencies and other tokenized assets, stocks, indices, precious metals, commodities, and energy assets on a single platform. This significantly simplifies the life of an active trader and saves time. And we know that time plays a very important role in the lives of our clients.

So, Tipitek users can now trade:

  • Cryptocurrency pairs (crypto-USDT, crypto-crypto): Over 30 directions for trading bitcoins, stablecoins, altcoins. Flexible leverage.
  • Tokenized stocks: Over 150 positions of well-known global companies. Short-term and long-term strategies are available.
  • Tokenized indices: Availability of the most popular global trends. Compliance with underlying assets. Market turnover of over 1 trillion dollars per day.
  • Tokenized precious metals: Agreed, the inclusion of tokenized metals into operation is an excellent solution, as investments in precious metals are a classic for every investor.
  • Tokenized commodities: An impressive list of available tokenized goods (corn, wheat, beans, etc.). Compliance with all Chicago Mercantile Exchange quotations.
  • Tokenized energy assets: A rather bold decision, as tokenized energy assets are mainly dealt with by bold and experienced traders who know how to take risks. However, at the same time, it is an excellent way to earn effectively.

Thus, the development of Tipitek’s trading division is moving in the right direction. And against the backdrop of similar projects that started their activities around the same time as Tipitek, competitive advantages are clearly visible. Expanding the list of instruments is an excellent solution for further advancement, which will help attract new users and increase the opportunities for each active client, offering 6 types of trading accounts.

Tipitek represents a revolutionary milestone in the cryptocurrency industry. The company seamlessly integrates all the essential elements required for convenient and profitable cryptocurrency trading.

Discover the unparalleled advantages, features, and account options that Tipitek offers. This is the first thing that catches the attention of prospective users of any platform. They are interested in the minimum investment amount, fees, availability of leverage, savings accounts, or other perks.

Cryptoves LLP has chosen not to limit Tipitek to one or two types of trading accounts and has provided its clients with a total of six unique account types, each offering new opportunities for users.

What do they offer you?

All six types of client accounts at Tipitek differ in the deposit amount and the set of useful services. The company explains the variety of account types by noting that platform users work not only with cryptocurrencies but also with other digital assets, making it an excellent decision.

  1. MINI Account: A trading account with a minimum deposit of $500 and a minimum investment period of 180 days. Clients get the opportunity to use leverage up to 1:5, receive daily email newsletters, request consultations with the company analyst, and access educational materials.
  2. EASY START Account: A trading account with a minimum deposit of $5,000 and a minimum investment period of 180 days. Clients can use leverage up to 1:5, receive weekly email newsletters, weekly consultations with an analyst, one trading signal per week, and, upon request, get a personal manager and educational materials.
  3. START+ Account: A trading account with a minimum deposit of $25,000 and an investment period starting from 180 days. It offers leverage up to 1:5, daily email newsletters with transaction history analysis, weekly consultations with an analyst, two trading signals per week, two risk-free trades, one built-in robot, and 1.5% interest on savings accounts. A personal manager and educational materials are available upon request.
  4. PRO Account: A trading account with a minimum deposit of $100,000 and a minimum investment period of 90 days. Clients can work with leverage up to 1:10, receive weekly email newsletters, have four consultations per month with the company analyst, full support from a personal manager, up to five trading signals per week, and two built-in trading robots. Educational materials are available upon request, and savings accounts earn 2% interest.
  5. PRO+ Account: Another trading account with a minimum deposit of $500,000 and a minimum investment period of 90 days. It offers leverage up to 1:10, six consultations per month with the company analyst, full support from a personal manager, up to ten trading signals per week, four risk-free trades, and two built-in trading bots. Educational materials can be requested. This account type includes a 2% interest rate on savings accounts.
  6. EXTRA Account: A trading account with a minimum deposit of $1,000,000 and a minimum investment period of 90 days. Clients have unlimited possibilities, including leverage up to 1:20, weekly email newsletters, full support from the company analyst and a personal manager, an unlimited number of trading signals, access to automated trading, and six risk-free trades. Individual educational materials are available upon request, and savings accounts earn 4% interest.

What do they have in common?

All six trading accounts share the absence of commissions from Tipitek’s side and are denominated in cryptocurrency (BTC, USDT). When your deposit reaches the level corresponding to another account type, the opportunity to enjoy the benefits of that higher level opens up.

Tipitek goes beyond simple cryptocurrency exchange; it is the perfect comprehensive solution for traders, investors, and partners. Cryptoves LLP openly declares the advantages of Tipitek, attracting an increasing number of active clients. The new division is already quite popular among traders due to its multifunctionality and modernity.

Briefly about Tipitek: It is a structural division of Cryptoves LLP, whose activities began in 2017, initially specializing in cloud cryptocurrency mining. The company is legally registered in Singapore. The company’s leadership and team work closely together, resulting in rapid development and the creation of the Tipitek trading division with its own platform. Is Tipitek currently at the peak of its development? It’s challenging to say, as Cryptoves LLP has not stopped evolving since its inception.

What makes Tipitek notable? Tipitek offers advanced charts and several types of orders to active platform users. Cryptoves LLP’s management and team emphasize that Tipitek is characterized by:

  1. High Speed and Stability: Users frequently note that transactions can be executed in microseconds, saving them time.
  2. Security: Cryptoves LLP applies only verified and modern tools to ensure customer security, emphasizing that security and customer trust are always their top priorities.
  3. Ability to Implement Trading Strategies: Developers have created a user-friendly interface, allowing both beginners and experienced traders and investors to implement trading strategies. Tipitek also provides a detailed order book overview and a choice of trading pairs.
  4. Mobility: Cryptoves LLP acknowledges the need for traders to work from anywhere in the world at any time. Tipitek Trade is available for all mobile devices.

As we can see, Cryptoves LLP boldly emphasizes the advantages of its new product, as the company has taken into account the most critical aspects: price and time priority, simultaneous use of multiple order types, a dynamic maker-taker fee schedule based on trading volume.

Cryptocurrency platform Tipitek introduces an affiliate program as another way to earn

People interested in digital assets are likely familiar with the functionality, security, reliability, and modernity of Tipitek. It’s worth noting that Cryptoves LLP is rapidly progressing toward its goal, attracting more and more clients, including company founders and professional traders. The news of the affiliate program being introduced is already widely spreading on the Internet, so Tipitek can expect a new wave of interest in the platform.

What sparks interest in Tipitek? Primarily, clients can work not only with cryptocurrencies but also with other digital assets: tokenized stocks, indices, precious metals, commodities, and energy assets. This simplifies the work of traders, saving them time as there is no need to use multiple platforms simultaneously.

Despite the relatively recent emergence of the new division, it is safe to say that Tipitek is already a reliable, stable, and secure means of achieving the goals of traders and investors. Working with Tipitek is genuinely simple and comfortable.

Investors and traders can not only buy and trade digital assets but also store them. The Tipitek security system is at the highest level. Since the launch of Tipitek, Cryptoves LLP’s leadership has repeatedly stated in interviews that the company does not plan to stop here and will continue to develop and improve Tipitek. Based on the events happening in the company, it’s hard to argue with that. Tipitek is ahead in development compared to its peers and even many “veterans.”

How to earn with Tipitek? For Tipitek clients, there are classic ways to earn:

  1. Profit from Trading: The trading platform’s uniqueness is characterized by highly favorable trading conditions, a wide variety of the most liquid financial instruments, the use of trading signals, and trading bots. Analytical and educational materials are also available to Tipitek clients.
  2. Passive Income: This is a savings investment account service with an interest rate significantly exceeding that of banks. Interest payments can be made weekly. Depending on the chosen account type, Tipitek clients can earn up to 48% annually.

What does launching the Tipitek affiliate program give clients? It expands earning opportunities for Tipitek clients. The Tipitek affiliate program is a three-tier referral program that allows you to earn 3-7% of each deposit made by your referrals. To do this, you only need to register and obtain a referral link, which can be posted on social networks, thematic forums, etc.

The affiliate program can also be combined with passive income and trading, significantly increasing your earnings. Thus, joining the affiliate program on the platform is another additional opportunity to earn with Tipitek.

ByDavid Adamson

How Cryptocurrency Wallets Function: Unlocking the Secrets with Coinsdrom

This article and its content are tailored for an audience beyond the borders of the United Kingdom. The information provided is not intended to be directly distributed or utilised by any individuals or entities within the UK. The financial products and services alluded to within this piece are not suitable for usage in the United Kingdom. Within the UK, cryptoassets are categorised as High-Risk Mass Market Investments, making them ill-suited for most retail investors.

Cryptocurrency wallets serve as the cornerstone of the digital currency ecosystem, empowering users to safeguard and manage their digital assets. Despite their critical role, understanding how cryptocurrency wallets work can be mystifying for many. In this article, the experts of Coinsdrom, the trusted online crypto exchange, demystify the inner workings of cryptocurrency wallets and unveil the core principles behind their operation.

Public and Private Keys: The Heart of the Matter

Cryptocurrency wallets are not conventional wallets that store coins or bills. Instead, they are digital tools that manage and control access to your cryptocurrency holdings. The key to this management lies in using two critical elements: public and private keys.

Public Key

Think of your public key as your digital address. It’s a lengthy alphanumeric string that can be freely shared with others. This key serves as the destination for receiving cryptocurrencies. Sharing your public key is akin to providing someone with your bank account number so they can transfer funds to you.

Private Key

In contrast, your private key is a closely guarded secret. It’s a unique, encrypted code that should be kept confidential, similar to a PIN or password for your bank account. Your private key grants access to and control over your cryptocurrency holdings. Losing your private key can result in the irrevocable loss of your assets.

The Role of Cryptocurrency Wallets

Cryptocurrency wallets, whether software-based or hardware-based, are primarily designed to manage and protect your keys. Here’s how they accomplish this:

  • Software Wallets: These digital applications or software programs generate and store your keys on your computer or mobile device. They offer a user-friendly way to access and conduct transactions with your cryptocurrencies daily.
  • Hardware Wallets: On the other hand, hardware wallets are physical devices purpose-built for secure key storage. They keep your private keys offline, making them highly resistant to online threats. This makes them an ideal choice for long-term storage of digital assets.

The Transaction Process

Understanding how cryptocurrency transactions work within the framework of a wallet is crucial:

  • Transaction Initiation: When you want to send cryptocurrency to someone, you use your wallet to create a transaction. This transaction includes the recipient’s public key (wallet address) and the amount you want to send.
  • Digital Signature: To validate the transaction, your wallet uses your private key to create a digital signature. This signature proves that you are the rightful owner of the cryptocurrency and have initiated the transaction.
  • Blockchain Verification: Your wallet broadcasts the transaction to the cryptocurrency network. Miners on the network verify the transaction and add it to the blockchain, which is the public ledger containing all transaction records.
  • Confirmation: Depending on the cryptocurrency network, your transaction may take some time to be confirmed. Once confirmed, the recipient’s wallet reflects the updated balance, and the transaction is considered complete.

The Crucial Distinction: Hot vs. Cold Wallets

Cryptocurrency wallets can be broadly categorised into hot and cold wallets.

  • Hot Wallets: These wallets are connected to the internet and are ideal for everyday transactions due to their accessibility. However, their online nature makes them susceptible to hacking and other threats.
  • Cold Wallets: Cold wallets are entirely offline, offering high security but making them less convenient for daily use. They are often preferred for long-term storage due to their enhanced protection against online threats.

Cryptocurrency wallets are the guardians of your digital wealth, ensuring the safety and integrity of your holdings. By understanding how they function, you can confidently navigate the world of cryptocurrencies. Whether you opt for a software, hardware, hot or cold wallet, always prioritise security and take the necessary precautions to safeguard your private keys. Start your crypto journey with a reliable online exchange – Coinsdrom – that lets you buy cryptocurrency safely and securely!

ByDavid Adamson

How Did the Wallex Exchange Enter the World of Blockchain?

Creative minds look for a solution in the face of needs. The emergence of Wallex exchange is no exception to this rule. In recent years, cryptocurrencies have become an important part of our economic and social life.

For some it is a platform for investment, for others it is a platform to cross the usual borders and make economic and social connections with people from all over the world, but for everyone who wants to enter this world, whether it is for profit and investment or for art and games, the world of cryptocurrencies is an opportunity for the future.

An Opportunity for Growth and Investment

In Iran, bitcoin fever, mining, etc., a special and unique opportunity for growth and investment, has been widely spreading, and day by day more people are becoming aware of it and more users are entering different areas of this world.

Nowadays, it seems easy to enter this world or buy a cryptocurrency from an Iranian online exchange and have a wallet, but three or four years ago, this was not possible in such a wide, professional and reliable way.

Then, a group of students from Sharif University of Technology and Tehran University thought of establishing an Iranian digital currency exchange to meet the needs of the Iranian clinets.

Wallex and the World of Cryptocurrencies

From the anonymous Satoshi Nakumoto to Vitaly Buterin, cryptocurrency creators have aimed to create growth and development opportunities for all.

However, in Iran, various issues such as sanctions, lack of access to the global banking network, and lack of service by non-Iranian digital currency exchanges have left many Iranians unable to take advantage of these opportunities.

Wallex and the World of Cryptocurrencies

On the other hand, profiteers also have always exploited these conditions. As a result, the use of cryptocurrencies in previous years was limited to either those with highly specialised information or the ability to access a digital currency exchange outside Iran’s borders, which meant high risk for them.

However, Valx has entered this market to fulfil the same promise of the crypto world, which is “opportunity for all.”

The History of Wallex

In 2017, a group of students from Sharif College of Technology and Tehran College took the first step towards establishing a digital currency trading platform, or rather, a secure Iranian exchange. They intended to provide all the necessary facilities for all Iranians, whether they are professional traders and consider this a permanent economic activity, or those who want to enter this world for savings and investing or for discovery and education.

According to Wallex’s founders, such a platform could help its users operate in an official, legal, and secure market where everything is clear, rather than in an informal market. The original core of the Wallex digital currency exchange was formed by a small group of several people, but building and expanding an Iranian online exchange is a large and extensive project that is constantly growing.

It did not take long for this Iranian exchange to become a team of several hundred people, a team composed of smaller teams, each of which specializes in different areas and is on the cutting edge of addressing three important aspects: recognizing the changes and the emergence of new opportunities in this field, recognizing the needs of the Iranian clients at different trading levels, and creating appropriate and sustainable solutions to meet those needs.

In this way, Wallex will always be recognized as one of the top players in this industry and a safe Iranian exchange.

On the list of best digital currency exchanges in the Middle East

Although Wallex was established only about four years ago, its continuous movement has allowed it to come a long way in a short period of time, placing it alongside the top digital currency exchanges in the Middle East and even beyond Iran.

Wallex is one of the leading Iranian exchanges that have been able to multiply the number of its users during its operation. This growth is not only limited to the number of users, this digital currency exchange has also seen a significant increase in the number of transactions and working capital.

Wallex: an Advanced and Secure Exchange

Security and speed are two important features in blockchain-based activities. With this in mind, Wallex is continuously adding new tools and services to its product portfolio, in addition to updating its infrastructure. Every digital currency exchange starts by adding multiple markets, a secure wallet, and a platform for trading.

The emergence of the Wallex exchange was also associated with such approaches, but it was not limited to them. By identifying new events, new markets and new projects, Wallex has expanded its markets during these years on the one hand, and on the other hand, by adding professional facilities and tools, it has tried to provide clients with a modern and secure experience at different levels.

Perhaps this is the reason why Wallex is always among the top exchanges on the market and popular among users. Moreover, with the emergence of new features based on the blockchain, such as the emergence of NFT, DeFi projects, and income-generating games, this digital exchange has sought to provide Iranians with the necessary areas and facilities, such as access to the needed tokens .

By this, Wallex has enabled Iranian clients to take advantage of these opportunities to develop their businesses and individual and collective capital, along with other crypto clients in advanced countries.

The Idea of Forming Wallex Trading Platform

Another notable aspect of this brand since its inception has been its attention to education and awareness. The idea of establishing an Iranian trading platform was also born out of this education and awareness.

Beyond a digital currency exchange, Wallex has always tried not only to serve its clients, but also to inform and educate them about the dimensions of this new world and make them professional and effective players in the crypto world.

In addition to technical standards, Wallex as a brand has also strived to grow and evolve, maintaining effective and dynamic communication with its clients. After all, continuous growth and development depend on constant interaction with clients.

From this perspective, Wallex can identify its clients’ new needs or provide services that are compatible with and responsive to their current needs, and in other words, play the role of a secure Iranian exchange for genuine and legal clinents.

Concluding Remarks

Wallex is still in its infancy, and this Iranian digital currency exchange, while coming on the scene to respond to an internal need and realize Iranians’ access to the cryptocurrency market, has set itself other goals.

Wallex is now known in the Middle East as one of the successful examples of an Iranian online digital currency and blockchain exchange that is continuously expanding its boundaries to serve global citizens beyond its geographical borders. A global digital currency exchange for global citizens!

ByDavid Adamson

Is There Any Other Coin Like Bitcoin That Is Worth Investing in 2024?

To be honest, there hasn’t been any coin which has come close to the success and popularity of bitcoin. The success of bitcoin was like a dream which no one saw coming.

In the 14 years since its creation, the price of bitcoin increased from $0.000763 per BTC in 2009 to upto $30,000 per BTC in April 2024.

In other words, someone who had invested in buying 1 bitcoin in 2009 became multi-millionaire in 2024.

So, what I am trying to say here is that what happened with blockchain was an unrealistic thing and is not likely to happen again. But that doesn’t mean that no other coin will ever be able to repeat the success of bitcoin.

In fact, there are some highly potential cryptocurrencies in the market which are as prominent as BTC in 2024, if not more.

5 Coins Like Bitcoin That Is Worth Investing

Let’s find out about some of the Altcoins like Bitcoin that are worth your investment and can make you rich in 2024.

Litecoin (LTC)

Litecoin, which was launched in 2011, proved itself a worthy opponent to the success of bitcoin. It was, at the time, called silver to bitcoin’s gold.

LTC rose to popularity very soon and became one of the most trading digital currencies of its time. It follows the same concept of a global, public payment network which is decentralized and PoW based.

Dash (DASH)

DASH was originally launched as darkcoin to represent the dark side of bitcoin.

It was launched in 2014 and operates on a decentralized mastercode network which is even more secure and anonymous than bitcoin’s network.

The best thing about DASH is that it can facilitate nearly untraceable transactions.

Ether (ETH)

ETH is certainly one of the best altcoins for trading purpose.

The best thing about the Ethereum network is that it extended the application of the blockchain technology by enabling other crucial features like Smart Contracts and Decentralized Apps based on blockchain.

Ethereum is what made blockchain distinct from the bitcoin.

Ripple (XRP)

Ripple was founded in 2012 as a global, real-time payment network which can be used for performing instant, low-cost cross-border transactions.

The major difference between Ripple and most other altcoins is that this one doesn’t require mining.

Bitcoin Cash (BCH)

Bitcoin cash (BCH) was a product of discussions and arguments over bitcoin’s scalability. It was created mainly with the purpose to overcome the issues that limit bitcoin.

For instance, the block size in BCH is 8 MB, as opposed to BTC’s block size limit of 1 MB.

ByDavid Adamson

Will The Advent of OpenFi Change the Current Landscape on Arbitrum?

About Arbitrum

Arbitrum is a technology suite designed to scale Ethereum. You can use Arbitrum chains to do all things you do on Ethereum — use Web3 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster. Our flagship product — Arbitrum Rollup — is an Optimistic rollup protocol that inherits Ethereum-level security.

About Open Fi

Open Fi Build a decentralized spot and perpetual exchange owned by DAOs.

Its core, is a solution for protocols on Arbitrum to properly incentivize liquidity for their own use cases. Building on top of the groundwork laid out by Solidly, our team has addressed that first iteration’s core issues to realize its full potential.

OPENFI is a decentralized spot and perpetual exchange that operates on a vast scale, providing traders with low swap fees and zero price impact trades. The platform’s trading capabilities are bolstered by a diverse multi-asset pool, which earns liquidity providers fees through market making, swap fees, and leverage trading.

The protocols of OPENFI offers two tokens, $OPEN and $NECTAR, both of which are ERC20 tokens based on the Arbtrium chain. The $OPEN token functions as an asset endorsement token as well as a certificate of ownership for treasury assets. On the other hand, $NECTAR tokens are used to manage contracts and represent a value contribution to the protocol.

The Potocol own the liquidity of the new generation dex.

Supports swaps and leverage trading.

$OPEN A token that endorses.

An asset and holds a warrant as a Treasury asset The NECTAR token acts as the protocol contribution token and is used to administer the contract.


Openfi belongs to a very new circuit with a very large market share and competitiveness. And the product has a very low threshold, making it ideal for the average investor. The project effectively hedges the risk and loss caused by the decline of stable coins and anchor assets in the bull market, which is equivalent to an insurance policy for these two types of assets, and is a product that is just needed in the bear market. I believe OpenFie can definitely drive the prosperity and development of Arbitrum ecology with its own strength and welcome the summer of Layer2.


View Docs:

ByDavid Adamson

Cryptocurrency Laws in India – Legal vs Illegal

The Indian government is considering a proposal to introduce cryptocurrency regulations. This article details what the government is thinking and which laws might be affected by the proposal. The Indian government has been thinking about regulating cryptocurrencies since early 2018, when it formed a committee to study how they were being used in the country.

According to a report by news agency Press Trust of India (PTI), the panel recommended that crypto assets should not be allowed for payments and settlements.

However, it acknowledged the benefits of blockchain technology, which is used in cryptocurrencies. Grains, gold, and even land records can be kept in blockchain form

Cryptocurrency exchange regulations in India have grown increasingly harsh.

While technically legal, in April 2018 the Reserve Bank of India banned banks and any regulated financial institutions from “dealing with or settling virtual currencies”.

The sweeping regulation prohibited trade of cryptocurrencies on domestic exchanges – and gave existing exchanges until 6 July 2018 to wind down.

India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. We have taken notes from the report and simplified it for you. Hope it will clarify your cryptocurrency knowledge and its operation.

While the Indian Government is working on drafting the legal framework specifically for cryptocurrency, several existing laws apply to crypto assets in addition to the infamous RBI circular that prohibits all regulated entities from providing services to crypto businesses.

For cryptocurrencies that are deemed securities, Securities Contracts Act 1956 may apply.

However, the report states that “Currently, there is regulatory uncertainty regarding applicability” of this law to tokens but some “may fall within its remit if, inter alia, they are issued by an identifiable issuer and backed by the underlying assets of the issuer.”

Companies Act and Payment Systems

The regulations under the Companies Act, 2013 and rules will be applicable on all token types cryptocurrency. On of the author of the report explained in detail, “These are primarily the Companies (Acceptance of Deposits) Rules, 2014 (Deposits Rules) which specify when the receipt of money, by way of deposit or loan or in any other form, by a company would be termed a deposit, and also provides certain exemptions from its applicability.”

“Payment tokens may also be subject to the Payments and Settlements Systems Act 2007 (PSSA). The Cambridge report claims that there is nothing in this act “to exclude virtual currency, since only the term payment is referred to, as opposed to currency, legal tender or money.”

“Therefore, if a cryptocurrency activity “were to constitute a ‘payment system’ or other regulated activity, the issuer would need payment system authorisation from the RBI under PSSA and would require compliance with KYC/AML norms.”

Money Laundering

The use of cryptocurrencies may further fall under the Prevention of Money Laundering Act 2002 (PMLA), which carries statutory penalties of up to 10 years imprisonment.

However, the report clarifies that it is unclear whether the reporting obligations prescribed under Chapter IV of the PMLA extend to wallet operators, crypto asset exchanges or third-party bitcoin services.

 It added, “A majority of crypto asset trading platforms are self-regulatory and follow extensive KYC/AML norms.”

Unregulated Deposit Schemes

There is also the Banning of Unregulated Deposit Schemes Bill 2018 which has been tabled in Parliament. It proposes to prohibit all unregulated deposits which could apply to initial coin offerings (ICOs).

The author explained that the bill “provides a schedule of regulated deposit schemes, and all unregulated deposit schemes are prohibited.”

Additionally, “The term deposit includes ‘an amount of money received by way of an advance or loan or in any other form, by any deposit taker with a promise to return whether after a specified period or otherwise, either in cash or in kind or in the form of a specified service, with or without any benefit in the form of interest, bonus, profit or in any other form, but doesn’t includecertain enumerated categories”

He elaborated, “An ICO might be regarded as an ‘unregulated deposit scheme.’ So, virtual currency token issuers would need to ensure, in order to be outside the purview of the Ordinance, that (A) the scheme is regulated and/or (B) there should be no liability of returning any money received.”

He added that this bill “was passed in the Lok Sabha (House of Commons) on Feb 13, 2019 but will lapse in the House of Representatives (Rajya Sabha) after the dissolution of the Lok Sabha due to elections in May this year.”

He further remarked, “Ordinances are usually required to be approved by the Parliament within 6 weeks or they lapse, in this case, no official confirmation about its approval by the Parliament has been made yet. Considering the elections, I am sure the 2019 Ordinance would take another few months (at least) to be made into a law.”

Hope our interpretation and explanations be some help to you.

ByDavid Adamson

Cryptocurrency Regulation in Singapore: TOP Points to Know

Singapore is widely known as one of the most popular countries for establishing a cryptocurrency business in the East. The great popularity of this business encouraged local legislative and regulatory authorities to implement separate legislation and regulations to make the market more transparent and safe for investors.

So, launching and running any crypto project in this region surely promises to be a highly profitable endeavor as the market is huge here thanks to the ensured transparency. 

At the same time, it is necessary to observe strictly regulatory requirements and get authorization to start a crypto business in Singapore. Prifinance Company helps with getting a Singapore crypto license by overcoming effectively possible bureaucratic formalities that may cause the rejection.

Entrepreneurs who are preliminarily interested in realizing the crypto business objectives in Singapore may need to be aware of the next highlights of crypto regulation in the jurisdiction. 

Basic Highlights about Crypto Regulation in Singapore

The legislation of Singapore may be characterized as one of the most crypto-friendly around the globe. It clearly regulates the operations associated with the circulation of crypto assets. The Monetary Authority of Singapore (MAS) makes a proactive effort towards adaptation of the local legislation to the market demands, including the need for investors’ protection.

From 2022, all traditional and token-based transactions are regulated by the separate Payment Services Act. Simultaneously with this Act, the MAS also adopted Notice PSN02 which is related to the prevention of money laundering and counters terrorism financing.

This legislation and regulations are aimed at implementing clear rules for closing crypto deals and preventing money laundering in any form. Such legal rules are proven to be effective for detecting and stopping possible illegal money flows through Singapore and are generally not considered to be too burdensome by a business. 

The scope of licensing activities is limited in this jurisdiction. In most cases, the need of getting a license is associated with the cases when crypto assets have features attributed to the securities.

At the same time, an entrepreneur who is aiming at running a crypto exchange is obliged to get a license for this activity in advance. Mining is not forbidden in this jurisdiction but the costs for making it are higher compared with similar ones in other jurisdictions. 

How Prifinance Lawyers Are Ready to Help You 

If establishing your crypto project in Singapore appeared as a recent objective on your agenda, Prifiance lawyers are ready to facilitate the realization of this goal through applying these legal measures:

  • assessing the background of your case and business objectives – suggesting the best registration solutions in your existing case;
  • gathering must-have documents and particulars to launch the license application process;
  • starting a new legal entity that will serve as an authorized operator in the Singapore region;
  • supporting opening bank accounts and cooperation with EMI that may be necessary to run a future crypto project in Singapore and worldwide;
  • handling all registration-related and other negotiations with the local officials;
  • helping with closing deals and resolving other issues that may be in place during the operation of your newly formed crypto project. 

Share the details  of your business case and objectives with Prifinance lawyers to get instant and helpful solutions to the point.

ByDavid Adamson

The Complaints For $8 Are Raising for Twitter, Where Is This Leading?

Elon Musk after becoming the new owner of the microblogging site is definitely giving Twitter a facelift. All new scenarios are seen around Twitter and right now we all know that the personality of Mr. Musk and his humorous replies are full of drama. Since the news broke about his takeover, we can barely think a day about what is awaiting next.

Initially, Elon Musk fired the top four Twitter executives including the former CEO, ex-finance chief, and ex-legal affairs & policy chief. Later, he gave an estimate to the company’s employees having the time base till November 7 to forge Twitter’s verification. 

Some of the proven reports mention that verified users are advised to pay $20 monthly. In fact, after due consultations, the requisite fee was brought down to $8.

We can now relate that these two things are bound to happen. Firstly, the verification fee was sure to stay. Next, the monthly fee that employees need to pay is $8, and you cannot do anything about it. Regarding the recent mocks and discussions going on the web, Elon Musk is not bothered about the complaints raised by users.

Instead, he tweets an absurd expression “To all complainers, please continue complaining, but it will cost $8”. This already specifies anyone can complain about whatever things but the price isn’t changing. 

Earlier, Elon Musk also declared that he plans to launch an $8 Twitter subscription service to authenticate and authorise subscribers, enhance the visibility of their posts, and enable the subscribers to view fewer ads.

According to his tweets and thinking, at odds with what everyone thinks, the verification tick is not introduced only for celebrities, instead, it is also for firms or individuals. 

Following such a mindset are people having the tendency to attract and propose several followers. These individuals and firms usually accord fake accounts initiated by criminals. Lastly, the verification tick is a strategy to recognize and differentiate the official account from the parodies.

This resulted in charging fees 

As a result, the great Elon Musk switched his Twitter certification naming to “Twitter Complaint Hotline Operator”. Not only the name but he also changed his display image avatar into a little boy answering the phone. 

A series of improved measures after Musk joining Twitter has given rise to dissatisfaction among several users. At the moment, he is emotionless about user dissatisfaction.

Looking at the wavering situations of Twitter and employees, all should focus on how to gain upper hand on any platform you choose that will surely promise secure social media networking and a heads up. 

The Genesis of $8 Complaints

To understand the $8 complaints, it’s crucial to trace their origins. The first instances seem to have emerged spontaneously across diverse Twitter communities, ranging from tech enthusiasts to casual users. While the nature of the complaints varies, a common thread is the mention of the seemingly arbitrary figure of $8. Users have expressed frustration, curiosity, and even humor in response to this enigmatic trend.

Possible Interpretations

Symbolic Significance: Some speculate that the $8 figure holds symbolic meaning within certain online communities, possibly representing a meme, code, or cultural reference that has gained traction. Unraveling this symbolism may provide insights into the collective consciousness of these online spaces.

Digital Transactions: Considering the prevalence of digital transactions, the $8 complaints might be a subtle commentary on financial interactions on the platform. Users may be expressing dissatisfaction with payment-related issues or fees, drawing attention to the financial aspects of their Twitter experience.

Cryptocurrency Connection: Given the rising influence of cryptocurrencies, some users suggest a potential link between $8 and specific digital assets. It remains to be seen whether this is a form of decentralized digital expression or a coordinated effort within the crypto community.

Implications for Twitter

The surge in $8 complaints raises pertinent questions about the platform’s responsiveness, communication, and community management. Twitter’s role in addressing and understanding these emerging trends will undoubtedly shape user sentiment and influence the platform’s future trajectory. As users increasingly turn to social media for various purposes, Twitter’s ability to adapt and address community concerns becomes paramount.

Community Response

Twitter, known for its dynamic and engaged user base, has responded in diverse ways to the $8 trend. Some users have embraced it as a form of online culture, weaving $8 into their tweets and profiles, while others seek clarification and resolution from the platform. The trending hashtag #TwitterEightGate has become a focal point for discussions and memes surrounding this peculiar phenomenon.

The Initial holders of 49% equity will receive lifetime dividend from project profit of ads and other services.

Nowadays, it’s difficult to find such potential platforms that offer you a great deal. While other social media platforms like Twitter, Facebook, TikTok, and Instagram, are taking users and security for granted, you are indirectly treated as a product instead of an entity. In the other scenario, this is a decentralized social networking platform built with blockchain security layers and sophisticated smart contracts. Check out more details about this new project on its official page. 

ByDavid Adamson

Gagarin Crypto News – A Global Cryptocurrency News Portal

Welcome to the most user-oriented crypto trading website! Gagarin News is a global cryptocurrency news portal. The online platform, created for you by the creators of the world’s first entertainment show about cryptocurrencies Gagarin Show, is designed to popularize the new age of blockchain technology, which is changing our world.

Readers will get access to the latest news, events, analytics, opinions, videos, interviews and more from the world of cryptocurrency . Also, the media is aimed at both advanced crypto-adepts and those who are just starting their way in this sphere.

Nowadays more and more people are interested in blockchain technology. After all, the blockchain confidently entered the geopolitical arena and became a lever of global processes in the economy and society. However, for many, this modern technology still remains unknown.

Therefore, the mission of trading platform Gagarin news is to promote blockchain and popularize the technology, provide quality content and in-depth analytics that will be useful to both those who are new to the industry and those who have been in it for a long time.

We are glad to show you only up-to-date news and exchange rates. Here you can find a lot of cool features. This is the space where all who are interested in crypto are welcome.

We collected the most recent news about cryptocurrencies and the best exchange rates. There aren’t any restrictions. No matter if you are a beginner or a professional trader. Our crypto space has a lot of possibilities for all the people who come here.

There are two modes: beginner mode and professional mode. The first one offers you various useful articles about crypto trading for a good start. Here new users can learn about blockchain, trading principles, different kinds of currency and so on.

In the second mode users can find much important information for experienced crypto traders. There is a lot of interesting news specially for you. Users can choose what they would like to know about and dive deeply into the world of crypto trading.

Join us and see how we work! We are happy to see you. Gagarin News the most interesting news. All users – both new and experienced – are always welcome.

ByDavid Adamson

How Bitcoin Cloud Mining Changes Your Financial Future in 2024 and Beyond?

Bitcoin cloud mining aids people in mining Bitcoins without involving in managing the miners. Bitcoin mining or other crypto mining is not an easy task and does not always benefit the miners. Because problems such as high electricity tariffs, currency price fluctuations, network difficulties, as well as lack of skills, time, or money to invest, are facing the miners.

Bitcoin cloud mining not only has solved these problems but also has provided the opportunity to make a profit without having to buy hardware or set up mining systems. Simply put, Bitcoin cloud mining is the process by which you lease the processing power of other mining devices to participate in cryptocurrency mining.

In this method, you buy the processing power of interconnected devices that are located in a mining farm equipped with a certain amount. After the mining process is performed by these servers and devices, the obtained cryptocurrency will be transferred to your wallet.

The advantage of this system is that the user will not be involved in issues and costs of mining operations. It also receives a share of the mining profit as much as the processing power it rents.

What are the advantages and disadvantages of bitcoin cloud mining?

The benefits of Bitcoin cloud mining include:

  • You will not need to use noisy cryptocurrency mining equipment at home.
  • You do not need to buy expensive mining systems.
  • You will not pay for extra electricity.
  • You will not encounter problems operating the equipment ventilation system.
  • You will not encounter hardware and software problems with mining devices.
  • You will not have the hassle of buying or selling mining equipment.

    Disadvantages of Bitcoin cloud mining include:
  • There is a risk of fraud in the way the cloud mining company works and how much it earns.
  • You will earn less than the normal mining process.
  • If the price of digital currencies being mined changes, there is a possibility that mining operations will stop.
  • Subscribers who become members of Bitcoin cloud mining do not have control over their assets.
  • You will not learn the mining method.

To eliminate the disadvantages of this method, it is necessary to know the reputable cloud mining companies and become a member of one of the reliable companies.

What are the benefits of Bitcoin cloud mining over bitcoin mining?

You can experience the easiest, fastest, safest, and cheapest way to earn money from bitcoin mining by using the services that Bitcoin cloud mining offers.
There are several advantages for Bitcoin cloud mining:

  • No machine setup: There is no need to set up complex mining devices with Bitcoin cloud mining. You can participate in Bitcoin mining immediately after purchase.
  • Minor and transparent maintenance fee: For bitcoin cloud mining, a small and completely transparent monthly fee is charged for electricity, maintenance, and fixing hardware, and the salary of a specialist for device maintenance, from the Miner rental subscriber.
  • Full interest payment: In Bitcoin cloud mining, all the customer’s interest is paid to him in proportion to the amount he has invested.
  • High stability and security: Bitcoin cloud mining has a more stable income. Also, income security is more than personal mining.

What is the efficiency of cloud mining?

Mining cryptocurrencies always has a lot of risks that if you are aware of them and can make the right decisions, it will guarantee you a profit.

One of the important points in partnering with Bitcoin cloud mining companies is to calculate the amount of cloud mining profit. Cloud mining contracts at some service providers may be profitable in the first few months, but you may see a decline in profits for two reasons:

  • Increase mining difficulty,
  • Reduce the price of mined cryptocurrencies.

To solve this problem, the revenue from bitcoin mining can be reallocated to buy a new hash. You should buy more mining contracts from the cloud mining service.

A Bitcoin mining profitability calculator can be used to calculate the estimated profit. If you want to make sure that you do not lose money by participating in Bitcoin cloud mining, you should choose a company that manages to keep cloud mining away from risk and in the best position.

To choose the best sites that provide Bitcoin cloud mining services, you should first research your desired service on social networks and ask experts in this field. Because investing in cloud mining services and websites, like any other investment, requires time to scrutinize.

During its activity, Minerland Company has shown that it is one of the most reputable Bitcoin cloud mining systems. Minerland is without a doubt the safest and most reliable mining system.

By leasing hashing power to the cryptocurrency mining process, MinerLand offers one of the most profitable bitcoin cloud mining centers to its subscribers. By choosing a plan, each member can see a fundamental change in their financial future.

How to invest in Bitcoin cloud mining?

1.     First, the user must register in the registration system. When registering on the platform, the user must type information including their name, mobile number, email, and country.
After entering the user panel, the user can select his avatar. Then enter more information to complete your profile.

2.     Members can then invest in plans offered in Bitcoin Cloud Mining.  Each member can choose one or more plans to subscribe to cloud mining programs and include them in their shopping cart. Each cloud mining company has several payment methods for users. Members can pay with acceptable cryptocurrencies or other Fiat currencies. Most cloud mining companies now accept BTC and Visa Card or Mastercard.

3.     At this stage, mining for investors begins.
Bitcoin mining profitability calculator starts immediately after members subscribe and invest. Investors can monitor mining performance from the central panel of Bitcoin cloud mining.
People who join Minerland and invest in more valuable plans will make a significant difference in their financial future. They can add to their hash power to earn more money and have the best coins to mine in 2022.

4.     Finally, it is time to withdraw deposits.
When the amount of bitcoin those investors receive from Bitcoin cloud mining reaches the minimum amount required for withdrawal, they can transfer their bitcoin income to their bitcoin wallet.

What are the ways to earn income through Bitcoin cloud mining?

Investors are also advised to reinvest their profits in the Minerland cloud mining company. In this way, their income will increase and they can illuminate their financial future.

As the bitcoin network hash rate improves, it shows that the Chinese government has greatly reduced its strictures on the mining industry. Therefore, it is likely that by the end of 2022, the price of bitcoin will improve and reach above $ 49,000 and more.
As China lowers barriers to bitcoin mining, users will be able to enter the bitcoin mining space more easily, making it possible to take advantage of rising and falling markets.

Entering the bitcoin mining industry, investors can receive bitcoin as a mining bonus and do not need to buy it directly from the market. However, with the growth of this industry and the expansion of its field of work, individuals or companies that can provide the cost of electricity and maintenance of the required and expensive hardware for mining operations have set up bitcoin mining farms.

Another option that investors can use to store BTC and other cryptocurrencies, even with low capital, is to get more bitcoins by buying Bitcoin cloud mining contracts.

What are Bitcoin cloud mining contracts?

From the earliest days of Bitcoin, the cloud mining industry began to grow. Because users who were interested in bitcoin mining but did not have a place to start mining devices, or could not provide hardware mining equipment, or could not provide the power needed for the equipment, they came to Bitcoin cloud mining platforms.

Famous companies that were among the first companies to present cloud mining services include Genesis Mining and HashNest. Of course, the demand for users to partner with these companies and use their services has increased so much that it is beyond their ability. Even all their bitcoin cloud mining contracts have been purchased by users.

Minerland is a Georgia-based company that has been operating for several years and is connected to data centers in various locations.

Through the services provided by Minerland, users can rent mining equipment and pay for the equipment without having to go through the hard work of mining, while the mining company has tasks such as providing a physical location and providing the machine. Also, it is responsible for operations and maintenance.

Users can also purchase hash power by purchasing the contracts of Minerland. Once the contracts have been purchased, the proceeds from Bitcoin Cloud Mining will be credited to the Bitcoin wallets of the subscribers. The wallet has been specified by the users themselves. Users can withdraw these bitcoins or re-invest in mining by buying another contract to make more profit and secure their financial future.
Of course, keep in mind that all Bitcoin cloud mining corporations warn their members about the dangers that may arise in providing cloud mining services. Some of them may not guarantee any level of profit.

Various conditions can occur that cause these risks. These conditions include:

  • Electricity power price fluctuations,
  • Increases or decreases of the price of Bitcoin,
  • Promoting mining technology that increases the difficulty of the mining network,
  • Old equipment will lose its capability.

What plans can investors in Minerland use in 2022?

Minerland has 4 different plans with different amounts of investment at the cloud miner center, which are:

·        Soldier Minerland Plan: Members of this platform must pay $ 15.99 to participate in the Soldier Plan. The user can pay 50 points earned from different designs instead of buying this design. Investors who have purchased this plan can receive 150 Satoshi as a daily profit and 1 point. If an acquaintance introduced to Minerland buys this plan, they can earn 5 points. Of course, they can share in the mining of currencies generated by SHA-256 algorithms.

·         Major Minerland Plan: Investors of this platform must pay $ 49.99 to participate in the Major Plan. The previous fee that the user had to pay was $ 69.99. The user can pay 200 points earned from different designs instead of buying this design. Investors who have purchased this plan can receive 700 Satoshi as a daily profit and 5 points. If an acquaintance introduced to Minerland buys this plan, they can earn 20 points. Of course, they can share in the mining of currencies generated by SHA-256 / Ethash algorithms.

·        Captain Minerland Plan: The user must pay $ 444.9 or have 2000 points to participate in the Captain plan. They receive 6250 Satoshi Daily Profit and get 60 points. The affiliate person to the user of Minerland gets 200 points. The previous fee that the user had to pay was $ 599. 9. They can participate in mining currencies mined by SHA-256, Scrypt, and Ethash algorithms.

·        Lord Minerland Plan: Members of this platform must pay $ 1999 to participate in the Lord Plan. The previous fee that the user had to pay was $ 2499. The user can pay 8000 points earned from different designs instead of buying this design. Investors who have purchased this plan can receive 28000 Satoshi as a daily profit and 280 points. If an acquaintance introduced to Minerland buys this plan, they can earn 800 points. Of course, they can share in the mining of currencies generated by SHA-256 / Ethash / Scrypt algorithms.

Minerland members can earn more by participating in projects. This is possible if they use the following methods:

  • All Minerland contracts are for one year, but if users buy into any of the plans and invest in longer periods, they can earn more profit and points.
  • Minerland members can purchase any of the plans offered by the company. They can even have two or more designs at the same time. In this case, a person’s income is the sum of the income that a person will have from all programs.
  • Investors can use the profits they have earned again to buy Mainland projects, in which case they can make more profit.

For more information on the various Minerland apps, interested users can visit Miner-