The Monthly Drop
 
 
Covering A to Z with Algoz
 
 
 
 

THE BIGGEST WAVES HITTING THE CRYPTO SHORE

MARCH 2020

 

HIGHLIGHTS
  • The 5th largest economy in the world has regained accessibility to cryptocurrencies. 
  • Amidst this COVID-19 pandemic, one of the biggest crypto mergers in history has just taken place.

SOME ALGOZ UPDATES

 

A MESSAGE FROM THE CEO
 
Dear friends and subscribers of The Monthly Drop,

I hope you are well and adjusting to the new normal.

The Corona virus has picked up speed and continued to worsen the situation over the last few weeks. The entire world is being effected and more restrictions being enforced by different countries every day.

At Algoz, we will proceed to conduct work as usual. We have made the necessary arrangements and implemented the necessary procedures, in line with new regulations, to make sure that we are able to continue to provide our clients with our liquidity and trading services in full operation through this pandemic.

I would like to send my thoughts and prayers to you and your on behalf of the Algoz team. We hope that this situation will end soon, and things will return to normal as quickly as possible.

Until then, stay safe, stay home.

Tal Teperberg
CEO, Algoz
 
OUR PERSPECTIVE WITH FORBES
 
forbes cover imageOur CMO, Alon Karniel, shares his insights with Forbes China on investing in the digital asset space and the important role technology plays in it!
 
 
 
 

30 DAYS IN 1

BIGGEST TRADING NEWS & MORE

 

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Welcome Back. Early 2018, the Reserve Bank of India had successfully banned all banks in the country from providing any banking services to cryptocurrency exchanges and firms. In March the Supreme Court has lifted this ban, reopening the opportunity for the 5th largest economy in the world to regain its crypto momentum.

 

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Writing History. Estimated to have costed a whopping $400 million, leading crypto exchange, Binance, and leading crypto-data provider, CoinMarketCap have secured one of the most inspired mergers in crypto history. Additionally, the timing adds to the 'wow' factor, considering the conditions the world economies are facing today, due to the pandemic that is COVID-19. 

 

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Scarcity. Ranked #2 by CoinMarketCap’s liquidity metric, cryptocurrency exchange, Bitfinex, is on a delisting spree. In an attempt to improve the platform’s liquidity, Bitfinex has delisted 87 trading pairs, having already delisted 46 pairs just earlier in the month.

Learn 'HOW MARKET MAKERS INJECT LIQUIDITY INTO THE CRYPTOCONOMY' 

 

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#CBDC. With COVID-19 spreading across the globe like wildfire, uncertainty has become the defining feature of the new decade. However, there is one thing nations around the world are becoming certain about: Central Bank Digital Currency.

“This is a period of significant change in money and payments. The use of banknotes – the Bank’s most accessible form of money – is declining, and use of privately issued money continues to increase, with technological changes driving innovation.”

The Bank of England has formally issued a discussion paper on digital currency. While the UK is still in very early stages, China seems to be inching closer and closer to the finish line.

 

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The Black AMEX of Crypto? Payments accepted by 46 million merchants. Functional in 200 regions. Binance is set to release its physical debit card, the BINANCECard, which will be issued by VISA, in the near future.

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Broadening the Appeal of Crypto. Insurance giant, Lloyd’s of London, is furthering its efforts in digital assets insurance. “Offering coverage with limits starting from £1,000 (US$1,280), the policy is designed to protect investors and traders against losses arising from the theft of crypto held in online, or "hot," wallets.”

 

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Black and White. The requirements are nothing out of the ordinary, however, the government of South Korea has issued an amendment which, from here on out, requires all crypto companies, “to comply with know-your-customer (KYC) and anti-money laundering (AML) requirements, verifying user identities and reporting transactions. Specifically, exchanges, wallet providers, blockchain projects that have conducted initial token offerings now need to partner with an approved South Korean bank to verify the real names of participants and bank account information.”

 

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Public engagement during a Pandemic. Cryptocurrency and blockchain events are becoming postponed due to the outbreak. However, in an age where technology is king, we can still hold gatherings for our community without the dangers of the pandemic that is the corona virus.

Find out how the Algoz team will be attending events this season in the Algoz-Cal 😬

 

 

THE ALGOZ-CAL

UPCOMING BLOCKCHAIN & CRYPTO EVENTS

 

BITCOIN HALVING | VIRTUAL | TBD

CRYPTO ASIA SUMMIT | VIRTUAL | May 18 - 23, 2020

| STAY HOME |

 

The Last Drop

 

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