The collaboration team would utilize the cloud technology and Artificial Intelligence (AI) to introduce data management and identity securing platform with the goal of being the cheapest and most integratable to lower the barrier to entry for businesses of any size.

 “ShareRing is extremely pleased to work with Tencent Cloud in developing a world-first identity and document management platform.

We have strong confidence in Tencent Cloud’s capability as one of the most reliable, high-performance, and globally recognized cloud services providers in the world.” Tim Bos, CEO of ShareRing

The new project would first be launched in Southeast Asia, a region that has been heavily affected by the Corona Virus through travel restrictions. Both companies plan on combining technological resources together such as the combination of ShareRings distributed ledger technology (DLT) with Tencent cloud optical character recognition (OCR). This converts characters into text, helping improve the efficiency and accuracy of data entry. Tencent and shareRing plans on helping Southeast Asians with the developments they plan on building.

The ShareRing App

The ShareRing app is a travel platform that will allow users to have access to practically everything concerning travels ranging from hotel reservations, flights, insurance policies, car rentals and tour packages. To add all these, they are also working on an open World passport, the first anonymous contact tracing passport that can be integrated with e-visa on arrival system (eVOA), travel insurance companies, airlines, hotels and retail shops.

The app has already gotten large interest from leaders in the Association of Southeast Asian Nations (ASEAN) region and they are closely working with Thailand to introduce it in the country.

Both projects hope to solve the issue of projects competing over liquidity across all exchanges. It says that crypto assets today are distributed over 200+ exchanges and all projects are competing for a finite amount of liquidity. They plan to solve this by developing a decentralized platform where all liquidity from the entire crypto market will be aggregated into one platform. They would aggregate the order book, depth and price price discovery from all centralized and decentralized digital asset markets.

The product is called Orion Terminal, a decentralized gateway to the entire digital asset market.

Bonded Finance plans on developing an algorithm that will help aggregate, derisk and unlock 50 million in dormant value distributed amongst untapped digital assets. They would also allow altcoin projects that are qualified to borrow against their assets, or pool them and start earning.

The collaboration allows for locked and staked ORN tokens to be made available for yield generation via the Bonded Finance Smart Contracts.  Holders of ORN will have access to Ionic, Bondeds lending / borrowing product. This access will allow them to loan and borrow ORN, Access capital resources, earn as they hold and to also earn from the liquidity incentives.

Alexey Koloskov, CEO + Co-Founder of Orion Protocol states “With a shared mission of bringing greater liquidity, accessibility, and value to open finance, we’re proud to be partnering with Bonded Finance. This will enable ORN holders to further monetize their assets by unlocking even deeper yield generation opportunities, earn liquidity incentives, and loan and borrow ORN – all while furthering ORN’s utility within Bonded’s growing ecosystem.”

Orion protocol would help Bonded Finance by providing them with their protocol’s liquidity API which would allow for streamlined Liquidation of assets available on the Bonded platform thereby allowing it to perform a wide market sweep across all exchanges in the market to efficiently handle potential liquidations. The provision of the API by Orion protocol would allow Bonded finance to transact large quantities of assets strategically without risks associated with it.

Paul Mak, CEO of Bonded Finance, states, “To have a single-source liquidity provider amidst this fragmentation is a small miracle. As we move forward, Orion’s solution will allow us to list more assets and provide smaller projects with needed support. It’s a win for the space.”

Orion Protocol

It is built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire digital asset market. In doing so, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.

Bonded Finance

The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.

The collaboration would allow individuals in the African regions to directly access the lending platform through the mobile money system. Such partnerships would allow users to deposit local currencies from their accounts straight into the lending DeFi protocol such as Compound, Dydx,Curve, YFI and other non-lending protocols existing on the DeFi platform. Partnerships that would allow this to happen would include MTN Nigeria and other top 10 MTN mobile money providers in Africa, they also partnered with the Nigeria Inter-Bank Settlement System PLC.

ADD.xyz is built with the aim of creating bridges between centralized and decentralized finance, to do this they aim at partnering with centralized platforms with users who are very well interested in the decentralized finance (DeFi) space. They partnered with major banking providers in Kenya back in August ,2020 thereby exposing their product to over 5 million population in Kenya. The partnership with MTN Nigeria and Nigeria’s Inter-Bank Settlement System PLC also helps them expose their DeFi protocol to over 201 million Nigerians. The lending platform will be able to accept the Nigerian Naira and Kenyan shilling for the first phase of the launch.

“Financial inclusion in East Africa has been significantly impacted by the wide adoption of mobile money services — led by Kenya — but the uptake has been slow in Africa’s two largest economies, Nigeria and South Africa. While South Africa’s more advanced economy often treats mobile money as a “nice to have”, the situation in Nigeria is quite different. There, just 40% of people have bank accounts, so the economy would likely get a boost from the expansion of mobile money services.”

How To Do It

Users will be able to deposit local currencies into ADD.XYZ local MTN approved accounts through the main platform. They then get assigned to the protocol and the amount of currency they wish to deposit into the DeFi lending protocol. Interest will also be paid back to the users mobile money account in a fully decentralized and instant solution.

Nexo’s internal exchange would allow its users to switch and exchange between different asset classes from their Nexo wallet, and also to change the collateral. The crypto lending platform plans on having a Mastercard which would allow users to take loans against their crypto holdings in real-time. The Nexo Mastercard is currently only available in Europe but they plan on expanding it to the United States and Asia as well.

Antoni Trenchev, Cofounder and managing partner of Nexo stated that the amount of registered users had crossed 1 million and that about half of that number are earning on fiat currencies while the other half are earning on their cryptocurrencies. He added that the company has processed more than $3 billion for their users in over 200 jurisdictions.

The company is also looking at ways to work with the Decentralized products and decentralized finance or protocol so as to build some products in the future on.

“But right now, we are focused on generating the highest possible yield for our clients and investors in a manner that we are fairly certain is very safe for them,” Trenchev said, adding that decentralization of their services is coming, “as soon as there are sustainable solutions” that will enable safety.

The crypto lending platform has had a long-standing relationship with the Litecoin community and founder, Charlee Lee. Trenchev noted that an announcement of their partnership had caused a 40% spike in the amount of deposit on the platform.

“And what we saw is a spike in deposits of litecoin. I think it went up to something like 40% the week after announcing it, so these were tangible results out of this partnership,” he said.

The company is looking to expand its business geographically and to enter into the United States with an office in San Francisco irrespective of the fact that their digital asset Nexo would most likely be regarded as a Security under the US SEC jurisdiction. Plans for expansion of offices have been put on hold because o f the global pandemic, CoronaVirus.

Today, a partnership between Crypto banking platform cashaa and the United Multi-state Credit Co-operative Society has made it possible for 22 banks branches in India who are interested in Crypto banking services. The citizens of India who are interested in Cryptocurrency will soon be able to go to their local bank branches to get Cryptocurrency and to also learn about investing in them.

Cashaa stated that “initially account holders will be able to buy and sell bitcoin (BTC), Cashaa(CAS), Ethereum (ETH) , Binance coin(BNB), Bitcoin Cash(BCH), EOS, Litecoin(LTC) and Ripple (XRP) with cash or the amount balance in rupees”. The 22 branches will be ready to start operations by December, Cashaa’s spokesperson reportedly said.

Lounges For Crypto Customers At The Bank

Cashaa plans on making available Crypto Lounges in all 22 branches where customers can walk into and get educated about cryptocurrencies along with other banking services.

“The United’s existing branches will be transformed and modernized as Crypto Lounges,” Cashaa described, noting that “Members can walk into any of these branches and get educated about cryptocurrencies along with other banking services.”

Cashaa plans on educating members who visit the lounges about investment opportunities, utilities of bitcoin and other cryptocurrency , how to use and to store crypto etc.

The immediate plan is to open these Crypto Lounges in Delhi, Gujarat, and Rajasthan covering a population of 150 million Indians living in these states.

Account holders with the bank will also be able to use their Cryptocurrencies as collateral to take loans in the bank Just like any other traditional loan given by banks.

They are UK based and operate under the UK regulatory laws, this helps them achieve a lot as a recognized body added to the fact they comply with the European 5th Anti-money laundry directive.

Eco Systems / Products

Electronuem has a wide range of products that make them stand out, in some cases they are first to achieve them. Let’s check them out :

1. Any Task
2. Task School
3. ETN Donate
4. M1 Mobile
5. ETN Everywhere

Those are the ones we will review in this article right now.

ANY TASK : This is a freelance platform where you can sell digital tasks (skills online). Sellers do not need a bank to receive payment or operate on Any task, they also don’t get charged for using the platform.

No bank??, so how do they receive payments for services offered.

Any task has a third party remittance provider that aids a customer to buy or pay for any tasks using the local currency through his credit or debit cards. Sellers of those tasks receive ETN worth the amount of cash that was paid. ETN gotten can then be exchanged to local fiat or used for airtime top etc.

TASK SCHOOL : This is a free multi-language online educational platform set up to help individuals learn different basic skills that would earn them some income.

Skills taught will range from simple (photo editing) to more higher skills like logo branding and design.

Skills/tasks taught in the school will also be those in demand from the Any tasks platform.

ETN DONATE : There are not a handful of crypto projects out there that actually cares about charity. 

ETN does the opposite, through the platform you can donate to NGOs (Non Governmental Organization) selected by the ETN team themselves.

ETN allows this Organization’s own Nodes as validators of the blockchain, ETN gotten as block rewards are then used to finance their charitable initiatives.

Through the ETN platform, you can also donate funds to the Ubuntu Pathways, a non profit organization that supports health, education and provides social support in South Africa. They provide children with everything they deserve – from cradle to career.

Another platform you can donate to through the ETN platform is Wonder Foundation, they work with local partners and projects to provide support to females and help them transform their lives.

You can check out more on the official site.

M1 Mobile : This is an android device developed by the ETN team. You can get it for as low as $80. It comes with 8gb internal space, 1GB Ram, a 4G Lte network and a 1,600 mAh powered battery. More specs on the site.

ETN Everywhere :  ETN Everywhere is a global platform or network that allows businesses that accept ETN as a means of payment to get their business listed on the map, this will allow users around the globe locate business within their community and enable them to locate those merchants. 

Utilities

ETN can be used for mobile Top up and data subscriptions in over 140 countries.

ETN is used within the locality as a means of payments for services. Local entrepreneurs and business are accepting ETN as payments , some of this services are taxi fees, hair cut fees and other small stores too accept ETN.

They plan on making the Token available to be used as payment for  electricity bills this 2020.

Exchanges

Electroneum is listed on a good amount of Exchanges. 

1. BIKI
2. Kucoin
3. Liquid
4. Sistemkoin
5. Houbi
6. HitBTC
7. Bitbns
8. Coinbene etc

There is a lot of projects out there with nice ideas and compatible team, we will be looking into Reviewing them. just let us know what project you think is worth looking out for.

Bitwise Investments, an asset management team in a recent study of trading volumes, had urged to rank exchanges without including any wash trading. The recent study conducted by them suggested that 95% of volume on exchanges was fake. The report singled out these 10 exchanges as those with real volume, the exchanges include: Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase pro, Gemini, itBit, Taken and Poloneix. 

How it’s Done. 

Messari uses up to 10 third-party statistics in order to determine the true trading volume of an exchange, this includes: exchange rankings, ratings, and liquidity estimates from CoinGecko, CoinMarketCap, CryptoCompare, CryptoWatch (Kraken), Nomics, and FTX’s volume monitor, plus on-chain transaction data from Chainalysis and other on-chain data providers, and anecdotal data from top traders.

When this methodology change was applied, Messaris’s result had Houbi, OKEx, Liquid, Bithump and UPBit in top 10 by Real Volume. On their blog it’s stated that Binance tops the list with real volume across  most listed assets.

How accurate is this method?

Commenting on how accurate this methodology is, Messari CEO Ryan Selkis said 

This is a necessary change, but one that may seem counterintuitive at first glance. I can assure you, though, that it is more accurate, if less precise, than alternatives.

He also said that it’d be reviewed quarterly…

Importantly, we will review our methodology quarterly in order to add or remove constituent exchanges, and tweak volume adjustment parameters.

It seems all cryptocurrency data display and research platforms are interested in hunting down wash trading for good, at this rate it’s only a matter of time before they’re all wiped out.

WHAT TO EXPECT

MeconCash offers a wide range of uses. They have a payment system, digital content (Games and apps), and e-commerce among other services.

Through this partnership Verge will be accepted in all 13,000 ATMs powered by  MeconCash in Korea. Verge can also be withdrawn to Korean wons from any of the 13,000 ATMs in South Korea.

Verge can also be used for payments in games that accept M.Pay rewards, a reward system that allows coins to be used for payment, rewards and cash withdrawal both online and offline. Verge will be used for shopping and exchange on the Mecon mall, an online e-commerce platform. 

MeconCash is a top blockchain company in Korea and as such offers Verge a wide reach and exposure to the Korean Crypto community. Verge on the other hand offers MeconCash a wide range of new international users of the system. 

What’s to Come

Since it’s creation in 2014 as DogeCoinDark and later rebranded in 2016 as Verge, XVG has striven to create partnerships that will enable it’s everyday use and make it more liquid by creating different use cases. Verge also has partnerships with important international organizations such as Manny Pacquiao Foundation and Mindgeek.

Verge founder Justin Vendetta views the partnership with MeconCash as a fantastic new use case for XVG and hopes to get XVG on all ATMs on the planet. 

The core team views this as a small step forward. On the other hand, the community and investors view it as a large step for the future of payments and for XVG. 

The amount of ETH one should own will depend solely on that person’s personal preference and whether or not they plan to stake ETH.

32 ETH Minimum for Staking

To stake ETH, you will be required to maintain a minimum of 32 ETH to run a validator. Staking Ethereum is said to yield rewards of anywhere from 4.5% to 10.5% and these figures will vary depending on the total amount of ETH you’re staking. The more ETH you stake, the smaller the percent reward gets.

This is to level the playing field and allow those with smaller staking balances to yield a worthwhile reward.

Passive Income Earnings

How much ETH you should hold will highly depend on how much passive income you want to earn from staking. Using an ethereum staking calculator, you can determine the average earnings from how much you wish to stake.

If you stake 1000 ETH, you can expect to earn around 80 ETH for the 1st year. While that is less than $20k right now, by the time you receive those rewards, ETH can be much more valuable.

Watch this video to learn more about how much Ethereum you should hold and future ETH price predictions

High Demand, Low Supply

With Ethereum staking launching soon, demand is steadily increasing to own the minimum 32 ETH that’s required to run a validator. Many people are also increasing their ETH holding stacks in order to earn more passive income once staking is live.

Recently Paul Tudor Jones announced that he has invested in Crypto as a hedge against inflation. This may soon result in a surge of demand for Ethereum and other cryptocurrencies.

The surge in demand of new investors at the same time as Ethereum is launching staking can result in a bull run unlike anything we have seen.

I believe Ethereum will be the best performing digital asset for the next year.

Anyone with an account with them can earn this interest. All 80,000 users of the bank can earn this interest by purchasing Bitcoin for as low as 30€. The purchased Bitcoin will then be held or stored by the user in a Free Bitcoin Interest Account.These funds are then lent out to Trusted partners through the Celsius network partner. Funds invested in the free Bitcoin Interest Account can be withdrawn or changed back to euros at any point in time.

Bitwala is the first fiat bank to offer this kind of interest and is also more regulated compared to the other Decentralized Finance (DeFi) apps. Bitwala offers fiat and cryptocurrency services in over 32 European countries. The German Neobank acquired it’s license from Solari Bank AG, a leading bank in Germany.

Fiat in Trouble?? 

Recently due to the outbreak of the global pandemic, countries have had their economy affected negatively. To solve this issue, more fiat has been printed and this raises concern over a possible  hyperinflation. On the other hand, banks interest on deposits and savings is depreciating with time. This makes the saving of BTC with a fixed interest quite interesting and attractive. 

The printing of fiat over time also proves the fact that BTC has an upper hand to fiat, since it has a fixed Total supply and can never be printed more than that.  Speaking on the Bitcoin Halving, Ben Jones CEO of BITWALE said “that Bitcoin halving is a reminder that Bitcoin supply is limited and State money (fiat) cannot be inflated eternally”

He also added

“At this time, more and more people trust in Bitcoin. Bitwala is the everyday bridge to it. We are now partnering with Celsius Network, the world’s leading provider of crypto loans, so that our customers can leverage Bitcoin holdings wherever they are” – Ben Jones

Hopefully with time, we might have more Neo banks with licenses support this movement.