The Singapore dollar-denominated stablecoin (XSGD), launched in October 2020, has gained rapid adoption, boasting SGD 4.8 billion in on-chain transactions and becoming one of the largest non-USD stablecoins by market capital today. The Indonesian Rupiah-denominated stablecoin (XIDR), launched in November 2021, has also gained significant traction, joining XSGD among the largest Southeast Asian stablecoins.
The actual number of bars underpinning the enormous volume of paper silver trading has been in steep decline since early 2021. #SilverSqueeze may be out of the headlines, but investors are still stacking.
The inventory situation for the exchanges gets even more dire when accounting for how much of the reported stock is not immediately available for delivery because the metal is held by ETFs and private investors.
Phore kicked off in September 2017.Phore is a digital privacy cryptocurrency, an update and rebrand of KryptKoin (KTK) which was pre‑announced in May 2014, and whose distribution started on May 21 st , 2014.
Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named "Best in the USA" by an independent global ratings group. This includes writing extensively on the bullion markets and their intersection with policy and crypto world affairs. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach.
The channels enable the creation of peer-to-peer payment channels between two parties. Eventually, when the two parties decide to finish transacting, they can close the channel. (b) Payment channels: Payment channels are similar to state channels, but they deal with payments only. The final state of the transaction is then recorded on Blockchain layer 1. The two parties can transfer funds between themselves indefinitely without the involvement of layer 1. For instance, the payment channel used by Bitcoin
Blockchain is the Lighting network, and the payment channel used by the Ethereum Blockchain is Raiden.
It also features staking which provides discounts to FTT holders in the range from 3% to 60%. A nice thing about the exchange is that it doe not have any deposit, withdrawal, and futures settlement fees.
Given their large stake in Phore, Masternode owners have an even larger incentive to maintain the integrity and security of the Phore blockchain, and to help guide the growth and value of Phore over time.
A Layer 2 solution, Polygon runs decentralized applications (dApps) built for Ethereum, enabling developers to quickly scale dApps to run on faster, BNB more efficient infrastructure and accelerate access to Web3, decentralized finance (DeFi) and NFT markets. XSGD & XIDR (Polygon) feature fast and efficient transactions, significantly more cost-effective than on the Ethereum network. Polygon becomes StraitsX's third officially supported blockchain, after Ethereum and Zilliqa.
We look forward to providing the infrastructure that allows the project to flourish in the coming months and BNB
years." Hamzah Khan, Head of DeFi and Labs at Polygon, said: "StraitsX's stablecoins are some of the most-utilized in the cryptocurrency
space, particularly outside the U.S. We're delighted to welcome StraitsX to the Polygon ecosystem and recognize the immense utility they'll bring -- particularly within Polygon's expanding DeFi ecosystem.
They appear to have little interest in holding the actual businesses that drive these corrupt trading schemes accountable. At present, regulators don’t seem to care much about cleaning up the markets.
David Meister served as Director of Enforcement at the CFTC from 2010 to 2013. In September of 2013, his agency ended its 5-year investigation into price manipulation at JPMorgan and declared there was no basis for action.
The bank may continue trading as usual regardless of the outcome of the trial now underway. JPMorgan, the institution, got a "Deferred Prosecution Agreement" from the Department of Justice and paid a modest fine in 2020.
In other words, anyone can verify that the data existed, even if they don’t have access to the data itself. SNARKs are also called Zero-Knowledge Proofs or ZK Proofs because they allow anyone to verify that the transactions are valid without revealing any information about the transaction.
Continued Team Recruitment – Further specialists will be recruited to Phore, focusing on skills in developing and implementing Smart Contracts, as well as Micro-Lending and investment expert for Phore Labs.
StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS). We enable fast and safe access to digital assets markets and decentralised finance applications through StraitsX APIs and stablecoins for individuals and businesses. StraitsX stablecoins XSGD & XIDR are pegged to the SGD & IDR and run on Ethereum, Polygon & Zilliqa blockchains.