Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of the Bahrain regulators,” said the exchange. Binance Now Licensed in Bahrain Cryptocurrency exchange Binance announced […]

Central Bank of Bahrain (CBB) has granted Binance a crypto-asset service provider license.

The crypto-asset service provider license from the Central Bank of Bahrain marks Binance's first regulatory approval in the Middle East.

The post Binance receives green light to operate in the Kingdom of Bahrain appeared first on The Block.

Leading crypto exchange Binance, announced today that it has been granted a crypto-asset service provider license from the Central Bank of Bahrain (CBB). Further, this license for Binance represents its first approval as a crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC). “I would like to thank Team Bahrain, […]

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As we venture into the year 2022, Proof of Reserves is emerging from a niche concept into a fledgling industry standard.

Sygnum, the digital asset technology group based in Singapore and Switzerland, has received in-principle approvals from the Monetary Authority of Singapore to expand its digital asset product offerings. The company

The post Sygnum Singapore Gets In-Principle Approvals to Expand Digital Asset Offerings appeared first on Fintech Singapore.

Hex Trust, an Asia-based crypto-asset custodian, today announced that it has completed its SOC 2 – SOC for Service Organizations: Trust Services Criteria assessment, conducted by Deloitte. An auditing standard developed by the American Institute of Certified Public Accounts (AICPA), SOC 2 compliance affirms that Hex Trust’s information security policies, procedures, and operations meet rigorous […]

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Federal authorities tracked down and seized more than 94,000 bitcoin allegedly stolen from Bitfinex. But how did they get their hands on the pseudonymous funds?

A bill passed in the Virginian Senate allows banks to offer custodial services for bitcoin in either a fiduciary or non-fiduciary capacity once signed into law.

The project also has a launchpad, which is an IDO platform for launching new tokens and coins. Furthermore, users can create initial token sales with reflections and profit-sharing mechanisms.

Ezillion's mission is to solve the problems currently hindering public access to crypto custodial services. It will achieve these goals by integrating security, simplicity, and accessibility cryptos into one platform.

The Ezillion Ecosystem

Ezillion strives to put "cryptocurrency in every portfolio." The platform establishes a break in the ecosystem to attract more people into digital assets to achieve this. By holding the Ezillion tokens for a long time, users may generate passive income while maintaining their privacy, authority, security, and autonomy. 

Notably, the ecosystem is based on reasonable monetary regulations and a robust decentralized foundation, and it is divided into a launchpad, staking platform, NFT marketplace, and BEP-20 token.

Ezilion Staking 

Ezillion is launching a staking platform that will allow investors, even newbies in blockchain, to stake Ezillion tokens. The platform offers a double rewards staking system that is profit-sharing utilities and token reflections.

Ezillion integrates on the Binance Smart Chain. Binance holding ensures the protection of its customers' funds by deploying unique security techniques and providing a Secure Asset Fund for Users (SAFU). The platform's staking method is arguably one of the safest and most environmentally friendly ways to generate passive revenue.

Ezillion NFT Marketplace

Ezillion NFT is a critical component of the NFT ecosystem. Ezillion Non-fungible Tokens (NFTs) are one-of-a-kind, non-transferable assets created on-chain. These tokens can be associated with anything, including digital EZI.

The crypto business has struggled with transparency, verification, ownership, provenance, copyright, and forgery for a long time. Furthermore, the sector has traditionally been confined to the privileged who can afford to invest millions of dollars in a single work of art.

Ezillion NFT marketplace can create, mint, sell, buy with multichain options. Users can select their preferred chain such as Ethereum or Binance Smart Chain. Meanwhile, Ezillion NFTs cannot be replicated and transferred without the user's permission, hence secure. 

Ezillion Token

EZI is a BEP-20 decentralized cryptocurrency based on the Binance Smart Chain. EZI is the currency needed to transact on the various distribution modules associated with the Ezillion decentralized application. Token owners have the option of staking their tokens in the Ezillion wallet to receive special rights and rewards within the network.

Tokenomics

The EZI token has a total supply of 1,000,000,000,000,000. Ezillion will burn 50% of the tokens to reduce the supply of the tokens to increase demand. Another 20% will go into liquidity to keep the tokens in supply. 

The presale will use up to 20% of the tokens. Furthermore, the unlock will use up 10% of the tokens, with a private sale taking up 3%, the airdrop 0.5%, team vesting 5% (Locked for 365 days) and CEX listing 1.5%.

About Ezillion

Ezillion is a protocol established and designed to directly reward holders while increasing value and liquidity on the Binance Smart Chain. Dubbed 'The People' s Launchpad', its objective is providing investors with innovative, user-friendly one-stop-solutions. They can find everything they need to buy, sell, and hold and make a more informed choice about whether or not to invest in Ezillion.

Ezillion's smart contract will be audited by Spywolf.co, and its KYC and private doxxing overseen by Pinksale finance. The project's presale will take place in April. 

 For more information, visit : Website | Twitter | Telegram

As regulators and politicians aim to prevent cryptocurrency usage by sanctioned individuals, Bitcoin alternatives display a lack of resistance.

Singaporean fintech Hydra X announced that it has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The CMS license will allow Hydra X

The post Hydra X Graduates MAS’ Sandbox, Secures Capital Markets Services License appeared first on Fintech Singapore.