XanPool Concludes US$4.3 Million Series Pre-A Financing

XanPool Concludes US$4.3 Million Series Pre-A Financing

Accelerates Expansion Plans Into Asia, and Onboards ex-SWIFT Executive Into Team. XanPool Concludes US$4.3 Million Series Pre-A Financing Jeffery Liu, CEO, on Left, and Artem Ibragimov, CTO, on rightHONG KONG, Sept. 11, 2020 (GLOBE NEWSWIRE) — Hong Kong-based fintech startup XanPool (the “Company There are two sides to every coin and to every argument, and the same goes for Bitcoin. Some argue that without manipulation, the crypto bubble may never Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies.

Accelerates Expansion Plans Into Asia, and Onboards ex-SWIFT Executive Into Team.

Jeffery Liu, CEO, on Left, and Artem Ibragimov, CTO, on right

HONG KONG, Sept. 11, 2020 (GLOBE NEWSWIRE) — Hong Kong-based fintech startup XanPool (the “Company”) is pleased to announce it has raised US$4.3 million in a Pre-A financing round led by blockchain technology and service provider OK Group, alongside Hashkey and Gumi Cryptos, to spearhead its infrastructure expansion into the eastern hemisphere.

XanPool’s payment infrastructure allows instant processing of traditional and cryptocurrencies without custody risk. Conventional crypto exchanges require long waiting times – several hours to days – to clear deposits and withdrawals. Several high-profile exit scams in the space have led users to be wary of keeping substantial amounts of crypto-currency on an exchange.

XanPool C2C software enables users to settles their crypto-currency to local-currency trades in seconds instead of hours, without taking custody of customer funds throughout the entire process. This is done by having users run the Company’s custom APIs, which are built into local payment solutions such as FPS in Hong Kong, IBFT in Pakistan, and InstaPay in the Philippines.

Essentially, the C2C technology allows individuals and businesses to participate in their marketing-making of cryptocurrencies and local currency; by “plugging” their financial infrastructure (such as bank accounts and e-wallets) into the XanPool network. They will then join an extensive C2C network of over 500 liquidity providers across the Asia Pacific region.

The Company currently has over 75,000 transacting users in over 8 South East Asian countries, and has plans to expand into Pakistan, Bangladesh, Russia, Japan, Korea, Australia, and New Zealand in the coming two quarters.

Commenting on the successful funding round, Estrella Du, a representative from OK Group’s Investment Department, said: “The Eastern Hemisphere has seen massive adoption of digital payments; we think XanPool’s first-principles reconsideration of crypto on and offboarding infrastructure can drive massive efficiency in the Asian ecosystem. OK Group is excited to partner with XanPool in building the next generation payment infrastructure.”

Jeffery Liu, Chief Executive Officer at XanPool, said, “Our aim is to build the most affordable infrastructure for the processing of cryptocurrency, and routing of local currency; the money raised will allow us to expand beyond Southeast Asia and reach out to a wider group of users on the Eastern Hemisphere.”

Mr Liu noted that XanPool’s architecture could have applications in cross-border payments: “Besides our geographical expansion, one of the focus areas for our next few quarters will be in the traditional-online merchant payment space. Merchants in Asia are encumbered by legacy payments routing institutions, intermediaries, and infrastructure. However, cryptocurrencies can enable instant, peer-to-peer cross-border routing and settlement, cutting out a lot of the middle man. Imagine a Pakistan merchant accepting Hong Kong dollars with FPS and receiving Rupees through IBFT within a few minutes.” 

Daniel De Weyer, former Global Director at SWIFT, after having worked for over 20 years at SWIFT, has also joined the XanPool team as a Director. As such, Daniel will assist in and lead some of XanPool’s geographic, and product expansion effort westwards.

Jeffery Liu, Chief Executive Officer at XanPool, is available for interviews.

About XanPool

XanPool software allows anyone to seamlessly enable Crypto to Fiat on or offboarding. 

Instantly executing and settling transactions without taking custody of customer funds. Our unique C2C software solution and liquidity network makes the onboarding and offboarding infrastructure in crypto much more user friendly, and resilient against single existing infrastructure dependency (such as over-reliance on banking partners). We allow institutions and retail to on and off board regardless of their infrastructural limitations.

XanPool analogizes its collective technology to a “SWIFT-like Network”, but instead of taking days or weeks to settle, XanPool, using only more modern payment solutions with less overhead and risk, can settle similar transactions with a fraction of the cost, and speeds which are magnitudes faster, within seconds.

Media contact

Name: Fred Tan

Title: Marketing & PR Manager

Email: Fred@XanPool.com & Support@XanPool.com

Phone: +852 5334 3110 (Whatsapp Only)

Source: finance.yahoo.com

Author: XanPool


Financial Advisory Group: Bitcoin Would Be 40% More Valuable Without Manipulation

Financial Advisory Group: Bitcoin Would Be 40% More Valuable Without Manipulation

There are two sides to every coin and to every argument, and the same goes for Bitcoin. Some argue that without manipulation, the crypto bubble may never have taken place, and the asset would still be trading at much lower prices.  However, a new theory from a financial advisory group estimates that if the crypto market was free of any manipulation, Bitcoin would be roughly 40% more valuable, or at a price of over $14,000 per BTC.

One of the first major blows dealt to the crypto market that in hindsight may have prompted the bear market, was a claim that the entire Bitcoin bull run was due to manipulation involving the stablecoin Tether.

An investigation was launched by the United States Department of Justice, but nothing conclusive came to be. Researchers also claim this to be true and have attempted to back up the theory with data.

Tether’s parent company hasn’t helped their case at all, by constantly finding themselves on the wrong side of the legal system. Thus far, the company has only been proven innocent, but crypto traders still often speak out against manipulation in the market.

Large-sized Bitcoin whales often use their size to move the market to fill orders. It is for these reasons why Bart moves, Darth Mauls, and all the other bizarre shakeout-type moves are commonplace throughout the space. Beyond these other well-known characters, an entity referred to as “spoofy” was regularly discussed during the 2017 run-up.

Without all the manipulation, wild price patterns, and other weirdness of the crypto space, would the industry really be this fun? Perhaps not, but one thing one firm says is certain, manipulation is real in crypto, and it knocks a full 40% off of Bitcoin’s value as a result.

 bitcoin btcusd manipulation

BTCUSD Weekly Price Chart Spotlight On Manipulation Rallies | Source: TradingView

According to a report penned by Timothy Peterson from Cane Island Alternative Advisors dubbed To the Moon: A History of Bitcoin Price Manipulation, he claims with “near 100% confidence” that Bitcoin’s price has been “fraudulently manipulation at some point in its lifespan.”

“We can say with 95% confidence that bitcoin was manipulated in 2013; 95% confidence that bitcoin was manipulated in 2017; and 98% confidence that bitcoin was manipulated in 2019,” the report continues.

Digging deeper inside the paper, Peterson and his team of experts reveal that Bitcoin price could be as much as 40% more valuable without this manipulation running rampant in the industry.

“To the Moon: A History of #Bitcoin Price Manipulation” is available at https://t.co/XipWk1vGCs
We conducted an analysis from July 2010 through May 2020. We can say with near 100% confidence that bitcoin’s price has been fraudulently manipulated at some point in its lifespan. pic.twitter.com/O9csfJXKwX

— Timothy Peterson (@nsquaredcrypto) September 2, 2020

40% higher prices in Bitcoin, would make the first-ever cryptocurrency’s actual value closer to $14,400 without puppeteers playing with market participants and moving prices with their large capital allocation.

However, if like Peterson claims, Bitcoin was manipulation in 2013, 2017, and 2019 – some of the largest bull runs – would the asset’s price even be this high in the first place?

Until the crypto market sees serious and strict regulation, this wild west will likely rage on, and we’ll never know Bitcoin’s true value without it.

Source: www.newsbtc.com

Author: Tony Spilotro


Cryptocurrencies archive news by date

Cryptocurrencies archive news by date

  • Bitcoin Cash short-term Price Analysis: 12 September
  • “DeFi will outperform Bitcoin in next five years”, says Pantera Capital CEO Dan Morehead
  • Law Decoded: Governments vs. blockchain privacy, Sept. 4-11
  • Price analysis 9/11: BTC, ETH, XRP, LINK, BCH, DOT, BNB, LTC, CRO, BSV
  • Big in China: TronFi, Justin Sun’s seemingly successful DeFi play
  • This Crypto Project Soared 220% Because of Ethereum’s High TX Fees
  • South Korean exchange traffic has risen sharply since June — Is this why?
  • SushiSwap Founder Chef Nomi Returns $13M in Hijacked Ethereum
  • Why This Investor Believes Ethereum Is In A Macro Bull Market That’s About To Take It Beyond $400
  • Bitcoin price ready to shoot out of compressed range to touch $11,000
  • Not Every Analyst Is Convinced That Bitcoin Is Bearish as of Late
  • Singapore man sentenced to prison & 12 strokes of the cane after robbing Bitcoin investor
  • Ethereum-based DeFi tokens average a 50% loss in September; Here are the winners and losers
  • XRP, Cardano, Ethereum Classic Price Analysis: 11 September
  • ‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
  • Russian Spies Used $1 Million in Crypto to Meddle in US Elections
  • Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates
  • Bitcoin miners made $368 million in revenue during August
  • Wrapped Bitcoin unwraps growth amid DeFi hype
  • DeFi oracles, explained
  • Apple will not feature Dapps on AppStore, forbids crypto transactions: Coinbase CEO
  • Bitcoin on Ethereum is Booming: Closing in on $1 Billion in Value
  • Rapper T.I. settles with SEC for promoting a fraudulent ICO
  • SushiSwap’s Users Voted for Changes, but the Protocol Can’t Deliver Without an Overhaul
  • D.C. man charged with running a Ponzi scheme that involved a diamond-backed token
  • Analyst Nicholas Merten Says One Altcoin Poised to Outperform Bitcoin As Crypto Markets Search for Direction
  • Ripple Accuses YouTube Of Wilfully Disregarding Warnings About XRP Scams Happening On Its Platform
  • Sushiswap Creator Returns $14 Million After Community Cries Exit Scam
  • A DeFi bull run might take $400 Ethereum options traders by surprise
  • EU Ministers Demand Stablecoin Rules That Could Stifle Libra
  • Argentina Is in a Fight with a Bitcoin Ransomware Group
  • Morgan Creek’s Pomp launches venture fund
  • Continued stock market turbulence puts Bitcoin’s stability in jeopardy
  • SEC Charges Actor, Rapper T.I. With Shilling Fraud ICO
  • Would Bitcoin suffer if the lead maintainers were kidnapped by aliens?
  • SEC Charges Rapper TI With Securities Violations for Promoting 2017 ICO
  • Cyberthieves hold Argentina to ransom
  • A Gov official in South Korea proposed the nation’s first blockchain voting platform
  • Growing Bitcoin Hashrate Points to Further BTC Gains
  • Crypto exchange firm hacked, loses $5.4 in Bitcoin
  • Bitcoin (BTC) ranks as world 6th largest currency
  • Crypto lender Cred joins Visa Fast Track program
  • EU Wants to Regulate and Ban Stablecoins
  • SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange
  • There Will Be Bitcoin: Oil, Gas and a Cash Cow Under Our Feet
  • U.S. SEC Fines Rapper T.I For Involvement in Fraudulent ICO Schemes
  • Bullish pennant hints at Bitcoin price breakout to $11,300
  • UW Announces Wyoming Blockchain Stampede Events Scheduled This Fall
  • Rapper T.I settles charges with the US SEC for promoting an Initial Coin Offering.
  • European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law
  • Bitcoin miners netted $368M in revenue last month
  • European countries seek strict regulations around stablecoins.
  • Sushiswap: a new DeFi trend in the making?
  • Bitcoin Struggles At $10,400: Binance Coin (BNB) Spikes To 7-Month High (Sat’s Market Watch)
  • Rumors of DeFi’s demise have been greatly exaggerated: weekly recap
  • Crypto Traders Track Massive $88,000,000 Bitcoin (BTC) Transaction As Ethereum Whale Moves 220,726 ETH
  • What the heck is Cream and why is the Ethereum coin up over 2,000% from its August lows?
  • Framework’s Michael Anderson: ‘Ethereum is where DeFi will continue to be’
  • Top Ripple Executive Says He Owns Bitcoin, XRP, Ethereum, and This Small-Cap Cryptocurrency
  • From 2-Man Team to The Leading Crypto Aggregator in 2020’s DeFi Craze: CoinGecko’s Story (Exclusive Interview)
  • Stellar Lumens, Cosmos, Crypto.com Coin Price Analysis: 12 September
  • The central bank of Philippines is preparing a new framework for digital banks.
  • Huobi Pool Partners with MXC to Sell M2 Pro Crypto Miner
  • Litecoin long-term Price Analysis: 12 September
  • Crypto whale: Whale Alert bot tracks massive crypto transactions
  • This Crypto Strategist Is Certain Bitcoin’s Defense Of The $10,000 Level Will Fuel Further Growth
  • Google Begins Tests for Stadia Streaming on Mobile Data
  • STEEM, Polkadot, Ethereum Price Analysis: 12 September
  • Why DeFi, in its current state, is destined to fail
  • Глава ЕЦБ: мы продолжаем работу в области цифрового евро
  • «Проблема не решена». Крипторынок оценил предложения РСПП по налогам
  • Yearn Finance to Break Into a Bull Rally! YFI Price May Hit $100k
  • Анализ фьючерсных отчетов: киты стали массово закрывать позиции
  • Биткоин-майнеры заработали $368 млн в августе
  • yEarn Finance запустит децентрализованный протокол кредитования StableCredit
  • Криптобиржа Phemex разыграет 4 BTC в честь запуска брекет-ордеров
  • Tether’den 1 Milyon Dolarlık Müjde!
  • Binance’den 3,5 Milyon Adetlik Dev Transfer: Bu Altcoin Dibi Görecek Mi?
  • Wrapped BTC Nedir?
  • Merkezi Borsalar Hala Önemli: Bitcoin (BTC) İçin Ne Anlama Geliyor?
  • Bu Proje Daha Çok Konuşulur: SushiSwap’te Neler Oluyor?
  • CMC Launches CoinMarketCap Earn Campaign With Kava
  • Why DeFi, in its current state, is destined to fail
  • Framework’s Michael Anderson: ‘Ethereum is where DeFi will continue to be’
  • Rumors of DeFi’s demise have been greatly exaggerated: weekly recap
  • Bullish pennant hints at Bitcoin price breakout to $11,300
  • A Gov official in South Korea proposed the nation’s first blockchain voting platform
  • Would Bitcoin suffer if the lead maintainers were kidnapped by aliens?
  • A DeFi bull run might take $400 Ethereum options traders by surprise
  • Digital Assets Data CEO says mainstream finance still doesn’t trust Bitcoin
  • South Korean exchange traffic has risen sharply since June — Is this why?
  • ‘DeFi will outperform Bitcoin in next five years’, says Pantera Capital CEO Dan Morehead
  • Price analysis 9/11: BTC, ETH, XRP, LINK, BCH, DOT, BNB, LTC, CRO, BSV
  • SEC Charges Rapper TI With Securities Violations for Promoting 2017 ICO
  • SushiSwap’s Users Ordered Changes, but the Protocol Can’t Deliver Without an Overhaul
  • Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates
  • ‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
  • STEEM, Polkadot, Ethereum Price Analysis: 12 September
  • Litecoin long-term Price Analysis: 12 September
  • Stellar Lumens, Cosmos, Crypto.com Coin Price Analysis: 12 September
  • Apple will not feature Dapps on AppStore, forbids crypto transactions: Coinbase CEO
  • Morgan Creek’s Pomp launches venture fund
  • Wrapped Bitcoin unwraps growth amid DeFi hype
  • Singapore man sentenced to prison & 12 strokes of the cane after robbing Bitcoin investor 
  • XRP, Cardano, Ethereum Classic Price Analysis: 11 September
  • Ren Faces Pullback from an ATH And Loses Over 60% in 10 Days
  • Cameron Winklevoss On Why Bitcoin and Ethereum Are Organic Forms Of Money
  • SEC Charges Director Ryan Felton, Rapper T.I. for Shilling Fraudulent Crypto Offering
  • “What in Freaking Hell?!” Twitter Reacts to SushiSwap Scandal
  • Cardano Catalyst phase to improve decentralization and transparency
  • Bancor Corrected by Over 65% in a Month from 2-Year High
  • Twitter CEO Jack Dorsey believes bitcoin could be the native currency of the Internet.
  • SUSHI Holders Beware: The Token’s Fair Value Is 85% Below Current Price, Claims Glassnode
  • Status Reclaims Bearish Bias After Breaching 2-Year Resistance
  • Bitcoin’s Energy Consumption Grows, Now Comparable to Czech Republic
  • Energy consumption by bitcoin is now comparable to the Czech Republic.
  • SushiSwap’s ‘roadmap’ goes live as multiple proposals face vote
  • Stablecoins in Europe facing a possible ban?
  • Ethereum fees rise 70% to continue record-breaking streak
  • Working in the Cryptocurrency Industry as a Woman
  • Bitcoin: LN’s adoption rates well below expectations, thanks to exchanges
  • Huawei Cloud Blockchain Service Platform BCS 2.0 Was Released
  • Bitcoin SV, Algorand, BAT Price Analysis: 12 September
  • Report: Three to Five Countries Will Replace Their Currencies With CBDCs By 2030
  • Komodo Retrieves Gradually in the Intraday; Trades at $0.65
  • A by-the-minute look at Tether’s $1 billion swap from Bitfinex to Binance
  • Ethereum’s ETH2.0 Could Launch as Early as November 2020
  • Digital banks: Central Bank of Philippines set to publish framework
  • DeFi: A shrinking window of opportunity
  • Caught in two minds: DeFi meme coins spark debate over their intentions
  • The Alpha Wars: How DeFi Traders Can Copy Their Way to Millions
  • Binance Coin surges by ~22%; could it be the Burger talking?
  • Ether addresses with $369K to $3.69M crash to severe lows
  • Digital assets can be classified as progressive currencies – Winklevoss
  • Crypto trading volumes for August saw the biggest month-over-month increase since early 2018
  • Bitcoin can hit $16K but only if this resistance level finally breaks
  • Here’s why 2017 altcoin Aelf (ELF) has surged 100% in the past day
  • If the stock market is overvalued, where does that leave Bitcoin?
  • A Day in the Life of an Ethereum 2.0 Validator
  • Binace Coin (BNB) Could Be On a Path to Set a New ATH Thanks to DeFi

Source: coin-miners.info


XanPool Concludes US$4.3 Million Series Pre-A Financing


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