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Singapore Announces New Cryptocurrency Regulations Set To Go Into Effect June 2020....

The Monetary Authority of Singapore (MAS) plans to regulate the trading of cryptocurrency derivatives, such as Bitcoin futures. It outlined the proposed changes in a consultation paper. The move aims to reduce the rising interest in cryptocurrencies from retail investors. MAS said the proposed regulations on the trading of payment token derivatives could soon be regulated under the Securities and Futures Act. The new measures are expected to kick in from June 2020.

Video Courtesy Of CNA

ABBC Launches Aladdin Pro Wallet, A Multi-Asset Secured Wallet...

Redefining cryptocurrency security, a new digital wallet – Aladdin Pro Wallet – has been released. The ABBC Foundation will now provide an outstanding crypto security solution.

Perfect for professional traders and long-term crypto users, Aladdin Pro Wallet is a secure and multi-asset blockchain wallet that provides the best crypto wallet security to its users. With multi-layered protection for crypto assets, users can be assured that their cryptocurrencies will be secured at all times.

The Aladdin Pro Wallet is designed to be a stable and reliable asset storage with its unique features such as unique mobile device identification, 6-digit transaction passcode, and biometric verification.

Upon registration, the mobile device used by the user will be detected to monitor any suspicious activities. Any login attempts made from a new device will be reviewed and subject for approval by the Aladdin Pro Wallet administrators.

Another modern security feature added within this wallet is voice verification. Users will be asked to make a voice recording in case of a manual verification process. Promoting transparency and reliability, the Aladdin Wallet Pro will also display transaction statuses to allow the users to monitor and track all of their transactions easily.

The Aladdin Pro Wallet also has extensive crypto asset support, allowing users to manage their portfolio without any hassle. Multi-currency transactions can be conducted within a short period of time, resulting in seamless peer-to-peer crypto transfers.

ABBC Coin holders who still have balances on their MC and Aladdin Wallet accounts are advised to migrate their funds through the Aladdin Pro Wallet. All migration requests to the new wallet will be accepted and processed starting on December 1, 2019.

More updates within the Aladdin Pro Wallet app will be released in the future. These include ERC-20 token transactions, additional list of supported cryptocurrencies, upgraded security features, and other modifications intended to give the best user experience.

Visit the official website, www.aladdinmc.com ,to get an overview of what Aladdin Pro Wallet can offer to the users. This website will be available in multiple languages including Korean, Chinese, Spanish, French, and Arabic.

The Aladdin Pro Wallet is now available on Google Play Store!

Information Provided via Press Release
Distributed by Global Crypto Press Association Press Release Distribution for industry.

After 3 Years Of Beta Testing, Brave Browser 1.0 Has Just Been Released! Hacked Version Of Chrome Pays Users Crypto...

The Brave Browser has grown in popularity at a steady pace since its inception in 2016, but there's still so much people don't seem to know when it comes to this privacy-focused alternative.

With multiple startups trying out the crypto reward model for browsing the web with their browser, let's take a look at who holds the top spot among them.

Released in 2016... but not officially, until now!

Okay, even I wasn't aware of this. But until a couple days ago, Brave wasn't officially 'released' - if you used it, you were technically helping them beta test it.

The fact it took 3 years for them to feel confident enough to consider it complete, means it's running smoothly and as intended for the vast majority of people.

I mean, 3 years of testing!? They better have worked out any bugs! Personally, we haven't experienced any.

Brave = Chrome... without the creepiness!

Possibly the biggest factor, and what actually convinced me to download it - if you like Google Chrome there's really no excuse not to use Brave instead - because it is Chrome!

How so? Well, Google releases Chrome as an open source project called Chromium, meaning developers can then download the code, and modify it as they wish.  In the case of Brave, they've stripped away every creepy tracking tool Google had built in.

So, unless you're saying "But I like knowing Google can see what i'm up to! In fact, I've always wanted a big brother - I actually find it comforting!" you should be using Brave by now.

Since at it's core it is Chrome, most plug-ins and extensions made for Chrome will work on Brave!

An entirely new monetization model...

"Today's Internet is broken" says Brave co-founder and CEO Brendan Eich, that's why they set out to replace it "with something better that works for everyone".

Also recently launched, Brave's advertising network. Unlike any of the top advertising platforms, the revenue is shared between Brave and the person viewing the ad (you).  You'll also earn tokens just for being a user, some of which are then distributed to the websites you've visited. 

Own a website? YouTube channel? You can register it with Brave, and when people using the browser visit your site, you'll receive some of the funds they're distributing automatically.  The more time people spend on your site, the larger your share. 

The numbers are pretty impressive so far too - at the time of publishing there are 35889 websites participating, but keep in mind 1 site be home to multiple creators.  So, YouTube counts as just 1 of those sites, but Brave says there's already 220,000+ YouTubers signed up.

This feature has expanded from YouTube and now allows users of Twitch, Reddit, Vimeo, GitHub, SoundCloud and Twitter to register their usernames with Brave, and start to recieve tokens from their followers.

The Token...

A couple of times now, people I've spoken with knew of their "Basic Attention Token" which trades under 'BAT', but didn't know it was the token for the Brave Browser.

It began the year at $0.13 USD, but currently is treading at $0.25 USD, so things have gone well for those who got involved so far.

You also won't have any problems turning that token into cash when the time comes, it's listed at many major exchanges, like Binance, Coinbase Pro, Kraken, etc.

The Crypto Press Association team agrees that Brave Browser gets an "absolutely worth trying" endorsement from us - so give it a shot! You can download it free here!

Author: Ryan Stewart
Northern California News Desk

Leaders Of International Central Banking Remain Unimpressed On Facebook's Libra - "They Need To Make a Better Case"...

The Basel-based Bank for International Settlements is the bank of central banks.

General manager Agustín Carstens sits down to discuss central bank digital currencies and why there’s no “clear case” for an e-franc in Switzerland. 

Then, discussing Facebook's Libra, Carsten calls it a “provocative proposition” - but it still needs to build a better case to convince them.

[Video Courtesy Of CNN Money Switzerland]

BUSTED: 6-Month Manhunt Ends As Police Arrest... An Instagram Influencer?! Meet The Serial Sh*tcoin Peddler...

One after another, Aziz "Com" Mirza pushed any scam or ponzi scheme with a referral program, as long as he thought it would make him a profit.

Aziz's verified Instagram account is still online, and served as the primary platform to scam his 800,000+ followers.

But posting commission-earning affiliate links to other people's scams started getting old - he knew how much the owners of these scams were keeping, compared to his small cut.

While he is a Canadian citizen, he's also Arab, and claimed to be a Muslim. What seemed like a smart move at the time, he used this to target rich middle easterners - a move that will come to backfire on him.

With an established audience, and plenty of practice - he just couldn't resist starting a scam of his own...

Aziz proudly introduced what he called "Habibi Coin" claiming it somehow was the only cryptocurrency compliant with the strict Muslim Sharia guidelines. 

Ironically, the Twitter profile for Habibi Coin, which hasn't been updated since 2018, still has a pinned tweet that warns their followers to avoid getting scammed - cautioning them that "Scammers are impersonating official @HabibiCoin..."

Aziz pushed his coin with a boldness he hadn't shown previously.  Instagram posts weren't enough, so he then talked his way into a business club called the 'Muslim Entrepreneur Network', where was able to give his pitch on stage and in person to large audiences.

With promises that investors will profit or he would pay their losses out of his own pocket, he brought in a wave of 1500+ new investors with a $2000 minimum - but most invested much more.  $25,000+ investments were common, with the highest known so far from a single person being $500,000.

Aziz gives his pitch for Habibi Coin.

"Com deluded us into believing that he was an immensely successful businessman in Dubai. We were dazzled by his upholstered lifestyle and thought he could be a value addition to the network"
says the group's founder Harun Rashid.

There was even a brief period before everything came crashing down where Aziz attempted to break into US/Canadian markets, as seen in a video and podcast from US 'get rich quick' personality Tai Lopez. Surprisingly, these can still be viewed.

We attempted to reach out to Tai for a comment, and have not yet received a response.

Tai's disclaimer does warn that he "may receive compensation for products and services recommended to you" - so perhaps Aziz just paid for the right to play 'expert investor' on camera.

But in reality, Aziz couldn't even scam right.

Okay, there's no 'right way' to scam, but some scammers are smarter than others - and Aziz is far from genius.

Habbibi Coin was never listed on any exchanges, there was an ICO, followed by an announcement that they were extending the ICO dates to raise even more... and well, that's it.

Having covered so many scams, I've noticed many are smart enough to spent at least some of the funds raised on getting the coin listed on exchanges, and doing some post-ICO marketing - this way they're doing something besides just raising funds.

Sure, the scammer was never qualified to launch a real product or service, so the ending is the same - a worthless coin and a rich 'founder.  But at least that founder can blame everyone else by shrugging their shoulders and pointing to "the market" as the reason their coin lost 99% of it's value.  Then, just hope playing dumb works in your favor - unfortunately, sometimes it does.

Then, it all caught up with him...

Aziz has just been arrested in Dubai, after a resident of the nation told authorities he was a victim. Unknown to Aziz, for the last 6 months UAE authorities had been waiting for his next visit.

He is currently being held in Al Awir prison, Gulf News confirmed, with only the general charge of "fraud" given publicly thus far.

While I can't imagine what his defense would be regardless of where he was apprehended, there's not many worse places to be under arrest than in Dubai.  It's not the kind of country where you can hire a high profile lawyer to find some technicality/loophole to get off on.

So while he hasn't gone to trial yet, I feel comfortable breaking one of journalism's rules and jumping to conclusions - we won't be hearing from Aziz for awhile.

When released, he'll likely have charges in other countries to face, with the US, Canada, and Greece all saying he's under investigation as well. After serving his sentence, the UAE would then release him straight into custody of one of these countries when the time comes.

Any current and potential future scammers reading this - learn from Aziz's mistakes.  You can't be a successful scammer without making so many enemies, that you end up getting caught anyway.

For everyone else - I wish I knew what to tell you, some predictable advice like 'if it sounds too good to be true, it probably is'?  The problem is, every honest scam victim I've talked to will admit they already knew this.

Ever try to warn people they're involved in a crypto ponzi scheme, while it's profitable and paying? Try it sometime and watch them tell you how you're just mad that you missed out, while they argue to defend the people who will disappear with all their money the following week.

So - there is no advice to give people who already know better, and do it anyway.  That's why instead, I would just like to kindly request that you don't overplay your 'victim' status if you fall for one of these - you're really owed 50% of the blame.

Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM

San Francisco News Desk

Bispex Token (BPX) to be Listed on 10 Exchanges...

Prediction market platform Bispex announces that eight of the most popular digital asset exchanges will be listing its Bispex Token (BPX). These are IDAX, DigiFinex, BW, LBank, CoinAll, DragonEx, TopBtc, and Coineal, with two more expected to confirm shortly. IDAX is the first exchange to approve of our Bispex Token listing. It will begin deposit on November 11, and by November 12, trading will be opened. There will be two trading pairs available on the said exchange: BPX/USDT and BPX/ETH. All of the other exchanges are also expected to open trading of BPX on the same day as IDAX. This would allow BPX to be listed on 10 exchanges in a single day — an incredible feat any crypto company would welcome and celebrate at any given time. BPX is an ERC-20 token created to become the chief asset in the Bispex platform. The team has purposed it to be compatible with the ERC-20 standard so that users will be able to comfortably store it on various crypto wallets. Bispex crypto prediction platform aims to become the one-stop prediction arena for cryptocurrency price. Due to the fact that cryptocurrencies are decentralized, and are volatile in nature, it is very difficult for anyone to manipulate their price. The platform explains that it is the exact reason why they are only focusing on cryptocurrency price predictions. Other topics, like politics, weather, and others, can have arbitrary or disputable results which could delay the handing out of payments and thus besmirch the reputation of the platform. Users can make their predictions on the platform through the use of BPX. This is due to the intention of the platform to make trades and payouts more liquid. Moreover, it is also mulling over the creation of an exchange service in the future to better serve its users. Bispex is led by CEO Ashish Babar, along with CTO Mike Kwon, CSO Desiree Yoo, and CMO Patrick Chun. They are based in Hong Kong, and they are working with a team of blockchain and web developers. Users are encouraged to follow Bispex’s social media accounts to get updated with the latest developments in their platform, as well as with the most recent news about its exchange listings. Bispex’s official social media handles: Facebook, Twitter, Instagram, LinkedIn, Telegram, and Medium

Information Provided via Press Release
Distributed by Global Crypto Press Association Press Release Distribution for industry.

No-Fee Trading Of Over 25 Coins, With A $25 New User Bonus - Now Available on both iOS and Android!

The Voyager App
Crypto trading platform Voyager, created by former execs of E-Trade, Uber, and other giants, has been on a roll with one big announcement after another.

Android users are probably the happiest however, as iPhone users have had the app for months now - the Android version is finally available!

The list of supported coins is growing fast...

It seems like every month a couple more are added, the current list of supported assets is: BTC, XRP, ETH, BCH, LTC, EOS, BSV, XLM, TRX, ADA, XMR, IOT, XTZ, DASH, ATOM, ETC, NEO, BTT, ONT, DOGE, BAT, ZRX, ZEC, VET, QTUM, OMG, DGB, ICX, XVG, and ETHOS.

Ethos will soon re-brand as their native token Voyager after they acquired the digital wallet company earlier this year.

Claim $25 worth of any them, free...

If you haven't tried it out yet, you can still claim the $25 welcome credit, which comes in BTC but can instantly be traded for any of the coins the platform supports.

Not A Promotion: No trading fees, EVER...

This is why it would be worth getting the app even if they weren't giving the $25 bonus.

So, how are they staying in business without charging fees? Every time you want to buy or sell, they search multiple exchanges, instantly locking in the best price at the moment. 

Only after they find you a price below the market average, they can earn a fee by splitting any savings they find with you.  If they can't find you a better rate, you still get your coins and they eat the loss!

But supposedly, 90% of the time they're successfully finding below market deals.

Just announced: Earn interest!

Their most recent announcement allows you to earn from the crypto that you're saving!

The program will begin with 3% on Bitcoin and 5% on Ethos.

All you have to do is... nothing.  Just leave your coins sitting in the app, you'll get an interest payment every month.

Get $25 and open your free account here.

Author: Oliver Redding
Seattle News Desk

Stable Coins - From Completely Off Their Radar, To Regulators New Obsession...

It's always been one of the most discussed topics in crypto - regulations. That's because there's virtually infinite space to speculate on what may happen, and if and when it does, odds are it will effect you for better or worse.

It was in one of these recent conversation that it suddenly hit me - "do you realize how strange it is that every coin we've mentioned so far is a stable coin!?" I said.

For years we functioned under the belief that regulators were far too distracted with coins that could be pumped and dumped, and the launch of new ones (ICOs), to divert any resources to coins that will always be worth the same amount, give or take a couple cents.

Then, just about a year ago - the Tether controversy dominated headlines. 

The 'news' was really just the rumors the crypto world had been hearing for awhile, suddenly receiving a lot of mainstream press.  The accusation being that the USD reserves that 'backed' USDT's pegged $1 value were a lot smaller than the supply of USDT floating around the market.

It turned out true, and Bitfinex resorted to some creative crowdfunding to close the gap. I'm still unsure on what the final answer to 'how did this happen' was. Bitfinex blamed corrupt bankers in corrupt countries, and the fairly large group of traders who hate them insisted that wasn't enough to explain it all.

At the time the uncertainty brought Tether's growth to a grinding halt, but they've now picked up where they left off and Tether's popularity is on the rise again, and has been for several months now.

Tether actually plans to aggressively work to increase adoption of its USDT token, recently partnering with several e-commerce organizations. The Principal Technical Director of Tether, Paolo Ardoino, says "Merchants need to have a stable currency to protect their business from the volatility of other crypto assets such as Bitcoin . Tether is being widely used by merchants and e-commerce teams, but since this is a new trend we are still collecting and evaluating the data”.

Like it never even happened.

In retrospect, it's like night and day looking back on countless people making predictions of the impending doom of Tether and Bitfinex, compared with what actually happened.

The only lesson learned - it's impossible to predict what regulators will deem worthy of 'cracking down' on.  This uncertainty has motivated investors to do what they can to play it safe whenever possible, with many deciding to transfer assets to a regulated cryptocurrency exchange instead.

Just when you thought stable coins were out of the spotlight - along comes Facebook.

With the Tether fire still smoldering but no longer a ‘hot topic’, it felt like we were ready to move on, and potentially enter a period with no major controversies.  Instead, what came next was so controversial, news outlets that never cover crypto felt the need to jump in. 

The announcement that Facebook wants to create a cryptocurrency sent politicians into a frenzy.  The timing couldn't have been worse, following a string of non-crypto related scandals.

It's a dangerous mix - lawmakers who don't understand the tech, and with the belief they're stopping an evil company from some huge power grab.

On that note, we have the first ridiculous 'solution' to be proposed - Sylvia Garcia representing Texas 29th congressional district wants to classify stable coins as a security, proposed in what she's calling the "Stable Coins Act of 2019".

The one hope we have now as an industry is that finally there's a presence in Washington of lobbyists who can hopefully educate lawmakers and help insure attacks meant to stop Facebook specifically doesn't come with massive collateral damage.

So that's where things stand today, and really, literally anything can happen from here. So I will try my best to keep all of you updated!

Author: Ryan Stewart
Northern California News Desk

Facebook's Libra "In Serious Trouble"...

When Facebook first announced it was getting into the crypto business—with a basically unregulated currency called Libra—the reaction from Wall Street and government bankers was about as expected. Fast-foward a few months, and Libra is in trouble. The social media giant had lined up a long list of corporate backers for the initiative, including major players in the payments space. And in October 2019, several prominent backers began to back out.

Video Courtesy Of CNBC

Top Exchanges to List Yap Stone, Trading and Snapshot Events to Happen...

Eight of the most notable cryptocurrency exchanges are simultaneously going to list Yap Stone (YAP), the native asset of the Yap Chain Foundation, on Monday, November 4, 2019. To turn on the heat, these exchanges are holding events where users can win some rewards to celebrate this grand listing moment of Yap Stone.

Coinsuper will be having a YAP trading competition beginning at 12:00 (GMT +4) on November 5, 2019, and will conclude at 12:00 (GMT +4) on November 10, 2019. Competitors must have traded at least 15,000 YAP in the entirety of the event. Those belonging to the top 5 will share 10,000 YAP in proportion to their respective trading volume in the combined trading volume of the top 5 contenders.

Those who belong to the top 6 up to the 200 will share 90,000 YAP rewards according to the proportion of their respective trading volume in the total trading volumes of the said bracket. On the other hand, Mongolia-based IDAX will be having a snapshot event, wherein it will take pictures of its users’ YAP holdings daily, beginning from November 5, and will end on November 14, 2019. To qualify for the event, each user must have passed its Know-Your-Customer (KYC) process. Also, each must have a minimum of 1,000 YAP on his account.

Those who will satisfy IDAX’s requirements will have their share on the 30,000 YAP reward, with each rewarded based on their YAP holdings. Further information on Yap IDAX Giveaway is available here.

Coinall and DigiFinex also already published the events that will happen on their platform. Along with the said exchanges, 4 more exchanges are also going to list YAP on November 4. These are P2PB2B, Coinbene, BW, and DragonEx. These are notable names in the crypto industry that have proven their integrity and competence.

Yap Chain is a decentralized blockchain-based ecosystem that aims to turn a smart city into a single mechanism that caters to its users by facilitating smart payments, contracts, voting, MOUs, to name a few, without the interference of any intermediary.

YAP will prove critical to the success of the Yap Chain’s vision, even calling it the “key currency of smart city.” In light of this, Yap Chain Foundation Advisor Perry Ha said that this recent milestone would create a “great opportunity for Yap Chain to become the representative coin of Korea.”

Given that all of these are willing to enlist YAP, with Coinsuper and IDAX even going the distance by holding the aforementioned events, the foundation feels truly honored to serve its users better. But this is just the beginning, there will be more events announced soon.

Official Website: http://yapstone.pro

Information Provided via Press Release
Distributed by Global Crypto Press Association Press Release Distribution for industry.

November Crypto Outlook: Will the New Bitcoin Rally Continue?

Welcome to the November 2019 Crypto Outlook with Contentworks, an agency specializing in content marketing for financial services, crypto and blockchain.

Cryptocurrencies have been the best-performing assets in the financial market this year. Litecoin, Bitcoin and Ethereum have gained by 138%, 77% and 26% respectively. Gold and S&P 500 in comparison have gained by 16% and 20% respectively this year. The gains seen this year are in contrast to the significant losses that happened in 2018. In October, the price of Bitcoin rose by 10% after the sharp declines experienced in the previous three months.

November will be a significant month for Bitcoin and other cryptocurrencies. The market will scrutinise the documents released by Canaan, as the company prepares for its IPO. Canaan is the second-biggest Bitcoin mining machine maker. The company has already filed papers with the SEC and is offering its size at $400 million. The company attempted going public in Hong Kong in 2018 but was rebuffed by the exchange, which considers crypto IPOs as being premature. In the latest SEC filing, the company said that it lost $48.2 million in the first half of the year.

The market will also focus on China, which is expected to launch its digital currency during the month. The People’s Bank of China (PBOC) has been building a digital currency as it hopes to ease cash transfers. The currency will be a digital version of the yuan. Critics say that the currency will lead to increased surveillance by the Chinese government. The country accelerated development of the currency after Facebook unveiled its desire to launch Libra. In a statement a week ago, President Xi Jinping hailed blockchain and suggested that China should seize the moment. This led to Bitcoin’s price to jump by 15%.

Traders will also focus on Libra, the cryptocurrency project that is being built by Facebook. In October, Libra was in the news as some of its biggest backers like Visa, Mastercard, and PayPal withdrew from the association. These companies are afraid of the spotlight that Libra has gained from global regulators and politicians. European leaders like the French finance minister have warned that they will not allow Libra to take over from the euro. In testimony to Congress, Mark Zuckerberg urged American politicians to support Libra because other countries like China would be winners if Libra was left to die.

The market will also be looking at the crypto-loan market. In a recent article, Bloomberg wrote that the loan market is worth more than $5 billion. The industry began less than two years ago and accelerated in 2018, during the big crash. Holders who were afraid of selling their Bitcoins loaned them out to people with the goal of earning interest. Other people borrowed money and used their coins as collateral. There are concerns that the new market could pose significant risks in the market.

There will be several major crypto events during November. In Athens, enthusiasts will gather for the Decentralized event on October 30 to November 1. This is one of the fastest-growing crypto-related events. Charlotte Day, the creative director of Contentworks will be a speaker at the event. In Mexico City, Meridian, the first Stellar Conference will take place. This event will target people interested in the Stellar industry. Other main events to watch will be Convergence in Spain, The Capital in Singapore, and Indonesia Blockchain Week.

At Contentworks, our team of financial professionals closely follows market movements for FX, Crypto and other tradable instruments. We are proud to serve some of the biggest crypto and fintech companies in the world by delivering high-impact articles, videos, PRs and white papers.

Information Provided via Press Release
Published By GCP Press Release Distribution Services For Industry.