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Bitcoin.com Exchange Announces Public Sale of the Atari Token on October 29, 2020

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  • Price per Atari Token: $0.25
  • IEO platform has been enabled for prospective purchasers to pass KYC before public sale

NEW YORK/ PARIS – October 16, 2020 – Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the details of the upcoming public sale of the Atari Token (ATRI).

Atari is evolving and envisioning a new mission to conquer the crypto space by creating a token to power the videogame industry, enabling access to as many platforms and users as possible via atarichain.com, the Atari wallet and more generally the creation of a blockchain-based ecosystem around the Atari brand.

Atari’s objective is to progressively develop the adoption and the use cases of the Atari Token throughout the ecosystem. The Atari Group has recently entered into many partnership agreements to progressively develop the adoption and the use cases of the Atari Token. The first use cases are in the domains where the Group is already active: video games or blockchain games, with objectives to expand into DeFi for game financing. The list of such partnerships is available at www.atarichain.com.

The Atari Token is issued by Atari Chain, Ltd (Gibraltar). For more information about the Atri Token, please visit www.atarichain.com.

Prospective purchasers of the Atari Token can already register and proceed with KYC/AML procedures, using the registration page set up on the Bitcoin.com Exchange IEO platform here.

Details of the Upcoming Public Sale

  • Token Name: Atari Token (ATRI)
  • Token Type: ERC-20
  • Public Sale Date: October 29, 2020
  • Offered Price for 1 ATRI: $0.25
  • Hard Cap: $1,000,000 (one million US dollars)
  • Circulating Supply before the public sale: 68.7 million ATRI Tokens
  • Valuation of the Circulating Supply before the public sale, based on the Offered Price for 1 ATRI: $17.2 million

For more information, please visit the Bitcoin.com IEO platform here.

With the upcoming IEO, Atari and Bitcoin.com Exchange will coordinate educational and mass awareness campaigns via AMAs, direct interviews, guides, media casts and all other applicable means or direct, and indirect marketing.

“Teaming up with Bitcoin.com was a natural choice for Atari” said Frédéric Chesnais, CEO of Atari Chain. “Both teams are working hand in hand to reach mass adoption of the Atari Token, with a goal of delivering the ultimate experience in the video game and interactive entertainment industry”.

“The upcoming launch of Atari Token’s public sale has got the team and I ecstatic” said Danish Chaudhry, Head of Bitcoin.com Exchange. “The launch of the IEO platform supplies both teams with a foundation to push marketing efforts across the industry. The platform provides all the necessary details for our community to understand more about the Atari Token, while also giving traders the ability to pass KYC before the public sale, for a speedier process once live.”

Be Part of the Progress

Bitcoin.com Exchange has initiated the process by opening a portal where users will be able to go through KYC/AML verification before the token sale to take place in November. Kindly click the link below to start your journey with Atarichain’s public sale, and pass through all the necessary requirements to get your account ready for the IEO.

Access our platform here.

What is a public sale/IEO?

In brief, an Initial Exchange Offering, commonly referred to as an IEO, is a fundraising event that is administered by an exchange. In contrast to an Initial Coin Offering (ICO) where the project team themselves conduct the fundraising, an Initial Exchange Offering means that the fundraising will be conducted on a well-known exchange’s fundraising platform, similar to the upcoming Bitcoin.com Exchange Launchpad, where users can purchase tokens with funds directly from their own exchange wallet.

About Bitcoin.com Exchange

The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.

About Atari

Atari, composed of Atari SA and its subsidiaries, is a global interactive entertainment and multiplatform licensing group. The true innovator of the video game, founded in 1972, Atari owns and/or manages a portfolio of more than 200 games and franchises, including globally known brands such as Asteroids®, Centipede®, Missile Command® and Pong®. From this important portfolio of intellectual properties, Atari delivers attractive online games for smartphones, tablets, and other connected devices. Atari also develops and distributes interactive entertainment for Microsoft, Sony and Nintendo game consoles. Atari also leverages its brand and franchises with licensing agreements through other media, derivative products and publishing.

Media Contact Info

Bitcoin.com Exchange

Contact Name: Antonio Bileci

Contact Email: [email protected]

Atari Chain, Ltd

The Transform Group

Contact Name: Transform Group

Contact Email: [email protected]

Internal:

Contact Name: Peter Dao

Contact Email: [email protected]

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post Bitcoin.com Exchange Announces Public Sale of the Atari Token on October 29, 2020 appeared first on Bitcoin News.

The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live

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From late March 2020, when the global pandemic Covid-19 paralysed many economies, the appeal of cryptocurrencies has grown. Several statistics show increased interest from downloaded wallet apps to peer-to-peer traded volumes. In many ways, this interest in bitcoin and altcoins is evidence that the policies of central banks are failing. Many professional investors, as well as ordinary people, are losing confidence in fiat currency systems.

However, many that are exploring the idea of investing in crypto alternatives are falling victim to scams. It seems more scam crypto sites are roaming the space than bonafide cryptocurrency businesses.

It turns out that criminals also appreciate the shifting dynamics and are aware that investing in bitcoin is the new in-thing. In fact, the FBI issued an alert in April warning potential investors to be on the lookout for cryptocurrency-related scams.

The start of the severe lockdown measures meant homebound individuals suddenly had more time to explore and experiment with different investment propositions. The challenge now is how to tell if a crypto-related website is genuine or not?

For the most part, it appears bitcoin-related scams employ similar tactics used by organised criminal syndicates to entice victims. There are some tale-tell signs that expose potentially scammy crypto websites which investors need to look out for.

The Lure of Passive Income

Any scam website would not be interesting if it fails to promise a healthy rate of return to investors for doing almost nothing. A typical scam starts by telling an investor that with just a small deposit, they will be guaranteed returns of 10% and above per month. As an extra inducement, the investor is told the interest earned will be compounded on a monthly basis.

Still, the mere mention of guaranteed passive incomes may not be enough to lure many investors. So in order to get even more people interested, the scam website must also promise investors a quick path to becoming the next crypto millionaire. Oftentimes, prominent individuals and businesspeople that became wealthy after investing in bitcoin are displayed on these types of schemes. The chance to become the next millionaire is enough to obscure any concerns about the volatility of the cryptocurrency market that the potential investor might have.

The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live
The typical overblown promises of scammers, exemplified by the scam site bitcoin-up.live.

Criminals are also aware that some in their target market might be hesitant to invest with an unknown entity. To get around this problem, criminal websites often display logos of reputable organisations. The objective is to gain the confidence of the more circumspect investors.

Therefore, when a site displays the logo of Visa or Mastercard, gullible investors will believe this to be an endorsement. Such perceptions usually erase any lingering doubts an inexperienced investor might have. The infamous Plustoken crypto scam had pictures of Prince Charles of the U.K. taken together with one of the masterminds displayed. The scam managed to steal billions from thousands of unsuspecting investors.

Next, testimonials by other investors that have already made unrealistic returns are also used to convince gullible investors to part with their funds. Tales of real people that turned a $250 investment to more than $10,000 in less a month helps to convince new investors to come on board. It does not matter that there is no way of verifying this because criminals also know that many people want easy money.

A Lax Registration Process

If an investor takes the bait, (and many do) they are asked to register or open an account for “free.” To complete the process, investors are asked to deposit funds that are needed to activate the trading account. After this, the funds may be converted to bitcoin or any other cryptocurrency.

However, once the transfer is made, the investor actually loses control of the funds to the virtual investing platform. At that point, the investor is at the mercy of the investment company. If the company decides to exit scam there will be no recourse for investors.

Meanwhile, when discussing the usual signs of fraudulent crypto sites in a Whatsapp group, one user says scammers’ registration processes sometimes fail to generate the confirmation email. Even more bizarre is getting an account verified without any form of KYC. Another user says other signs include promises of “super high returns of $120 in less than 24-48hrs usually 120% 150%.”

However, all scam websites have one thing in common, promises of riskless investing which is not possible. Every form of investment carries risks, the higher the anticipated return the higher the risk of losing everything. Every potential investor must be aware of this fact lest they get conned.

What are the other signs of a potential crypto scam website? Tell us what you think in the comments section below.

The post The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live appeared first on Bitcoin News.

CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories

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LONDON, the United Kingdom – CEX.IO, one of the largest international exchanges in the cryptocurrency market, is set to launch a digital asset-backed lending service in September. Available in 217 countries and territories – including Australia, the United Kingdom, the European Union, and most nations in Asia – CEX.IO LOAN will allow various cryptocurrency market participants to borrow funds against their digital asset holdings within a few minutes and without credit checks.

As part of a flexible lending service, CEX.IO customers can decide on the duration and size of a loan they take out. Loan durations range from a week to one year, while CEX.IO customers can borrow any amount between $500 and $500,000. Larger and longer duration loans will enjoy smaller interest rates.

The service will be facilitated by a multimillion dollar liquidity pool, a significant portion of which has already been committed by CEX.IO and its partners.

To borrow funds, users first have to deposit cryptocurrency, which serves as collateral for a loan, to their accounts. Currently, CEX.IO LOAN users can borrow funds against their Bitcoin (BTC) and Ethereum (ETH) holdings, with a 50% Loan-to-Value (LTV) ratio. Registered and verified customers receive the loans instantly. New clients will need to open an account at CEX.IO and complete a KYC procedure before sending a loan request.

Successfully issued USD or EUR loan gets credited to the borrower’s user account. The borrower can then withdraw the funds to a card or a bank account or use money to trade cryptocurrency on the platform. After the full repayment of the loan’s interest and principal, CEX.IO automatically releases the digital asset collateral back to the borrower.

Digital asset-backed loans provide use-cases for multiple participants of the cryptocurrency market. Borrowing fiat against digital assets, instead of selling these assets, becomes a practical alternative for those who need extra capital. A loan provides necessary funds without having to give up a potential upside from cryptocurrency appreciation. For traders and investors, this liquidity injection can fuel uninterrupted market activity. For startups and sole entrepreneurs, a loan can cover operational and growth expenses.

“Our clients are a vibrant and diverse group of market participants, whose needs evolve with the industry. We aspire to provide our clients with capital that helps them capture opportunities coming their way. Our loans offer that extra boost, which traders, investors, startups, and entrepreneurs in general, need, while they can still benefit from the potential appreciation of assets they own,”- Anton Chashchin, Commercial Director for the CEX.IO LOAN service, stated.

About CEX.IO

CEX.IO LOAN is a part of the CEX.IO Group. Founded in 2013, the London-based CEX.IO operates one of the largest international exchanges of the cryptocurrency market, which has been featured among Crypto Compare’s ten best exchange services and Coin Metrics’ trusted service providers. With a multi-functional digital asset exchange, CEX.IO serves over 3 million customers worldwide with a team of over 250 professionals and offices in the UK, USA, Ukraine, Cyprus, and Gibraltar. From entry-level cryptocurrency users to professional traders as well as institutions and businesses, CEX.IO suits the needs of various crypto market participants with a reliable, high-security digital asset service.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories appeared first on Bitcoin News.

Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

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Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

Chilean cryptocurrency exchange, Buda.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC), which must rule on the case.

The Itau Bank, which initially reported the complaint in February, reiterated its position on September 2 that Buda is perpetrating fraud by not adhering regulations.

According to a report in Criptonoticias, the bank is also accusing Buda of forgery and the use of a fake profile to facilitate the fraud.

During the last days of February 2020, using forged bank details, a false email account, and a digital copy identity card, Buda managed to transfer $26,000 (20 million pesos) from a client’s current account to Buda.com. A user profile had been created in the name of this person (victim) and this was used to illegally to acquire cryptocurrencies.

The report adds that on detecting alleged fraud, the client reportedly made a formal complaint with the “Public ministry” while the bank reignited the longstanding feud with the exchange by reporting that Buda.com does not have effective compliance systems.

In response, an official with the exchange regretted the identity theft but expressed surprised at Itau bank’s allegations.

According to the exchange’s spokesperson, Diego Vera, “the reasons why they accuse (Buda) of promoting scams are unknown since the theft of the credentials was from the client’s bank account with Itaú, not from our platform.”

Vera further argues that it was not Buda’s fault that those behind the crime decided to purchase cryptocurrencies on its platform. Emphasizing the baselessness of the allegations, the spokesperson gives a “hypothetical case in which a thief robs a bank and with the money decides to go and buy a television.”

Vera asks rhetorically: “Is it the fault of the person who sells the television or the lack of bank security?”

Concerning allegations that the exchange platform does not fully adhere to regulatory requirements, Vera dismisses this by explaining that clients “use of dynamic keys when accessing the platform.” Furthermore, “know your customer (KYC) processes are undertaken before accounts are created while the use of an email to prohibit logging in from unregistered IP addresses is also enabled.”

Meanwhile, this case marks the second time the TDLC is asked to settle the feud involving Buda and Itau. In April 2018, Buda and another exchange, CryptoMKT complained to TDLC after Itau closed the pair’s checking accounts.

Ten months later, the TDLC ruled in favor of the exchanges.

What do you think of this haggling between the bank and the exchange? Share your thoughts in the comments section below.

The post Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint appeared first on Bitcoin News.

Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End

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Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End

Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies.

According to regional media reports, Brazilian firms that specialize in cryptocurrency custody services, brokerage services, and exchanges “will now have to incorporate measures to prevent crime and money laundering on their platforms.”

The country’s prominent cryptocurrency firms that signed the code include Foxbit, Ripio, Bitcoin Market, and Novadax. The association members say they are targetting a $100 billion cryptocurrency market by end of 2020.

According to Abcripto officials, who see the agreement as a significant milestone, “these exchange platforms account for up to 80% of the volume of cryptocurrency transactions in Brazil.”

The signing ceremony was broadcast live and the code will be “registered on a private platform based on blockchain created by Growthtech.” Growth Tech develops distributed ledger solutions for the notarial and real estate market and is backed by IBM cloud services.

The objective of the agreement is to establish operational practices and compliance standards that all members must adhere to.

Speaking after the signing, the executive director of Abcripto, Safiri Felix, says this is an important step for the fast-growing market. According to Felix, Brazil’s cryptocurrency market has grown by double-digit figures in each of the last three years.

Despite the phenomenal growth, “this ecosystem continues to face the regulatory vacuum, as four possible bills for cryptocurrencies are still being discussed in the nation’s congress.”

Explaining the objectives of the code, Felix says the “main goal of this self-regulation is to protect users ‘without impeding the free initiative’ of companies.” Abcripto members also committing to fight the negative perception cryptocurrencies in the country.

The code also attempts to align the Brazilian crypto market with global standards as it requires “all platforms to apply the basic requirements of know-your-customer (KYC).”

Furthermore, “members must increase their security parameters, strengthen their legal infrastructure, commit to respect free-market principles, and to respect users’ privacy.” The code also seeks to penalize members that fail to comply with these regulations.

For more than a year, representatives from the crypto market say “they have been investigating cases of self-regulation at the international level in order to adapt it to the Brazilian ecosystem.”

Still, Felix believes that “at some point, the Brazilian government will issue a regulatory framework for cryptocurrency companies.”

Shortly after the self-regulation code was signed, media reports surfaced suggesting that the Brazilian legislature is proposing another law that seeks to regulate bitcoin and cryptocurrencies in that country.

The reports say under the law proposed by Brazilian Senator Soraya Thronicke, Brazil wants the central bank and the Brazilian Securities and Exchange Commission to regulate cryptocurrencies.

Meanwhile, Felix reveals that the global pandemic, Covid-19 might have played a part in forcing Abcripto to hasten the move to self regulate.

“This health phenomenon has triggered the use of financial technologies worldwide including transactions based on bitcoin,” Felix explains.

The executive director adds that “this could be the opportune moment for the more than 30 Brazilian crypto exchanges to adopt protection measures for their users.”

What do you think of the self-regulation move by Brazilian crypto players? Share your thoughts in the comments section below

The post Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End appeared first on Bitcoin News.