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MINDEX, GMEX Group and HYBSE join forces to launch the first blockchain securities exchange in Mauritius

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We are pleased to announce the launch of the HYBSE International Marketplace; a joint venture between MINDEX Holdings Limited (MINDEX), GMEX Group Limited (GMEX) and Hybrid Stock Exchange Corporation Limited (HYBSE); that will bring to market a revolutionary blockchain exchange platform, based in Mauritius.

MINDEX; a complete exchange, post-trade, and physical infrastructure, facilitating a variety of asset classes to be traded in Mauritius, supported by GMEX; a world leader in digital business and technology solutions for exchange and post-trade operators, will partner with HYBSE; a global online marketplace based on blockchain technology that is part of the DIM-Ecosystem.

The HYBSE International Marketplace will integrate blockchain solutions and technology with traditional financial industries providing a complete and governed ecosystem that digitalizes assets onto the blockchain. This partnership will for the first time, enable institutional investors to access to cryptocurrency ETF’s and other crypto-instruments.

The following asset classes will be facilitated for trade in a digital tokenized format:

  • Cryptonized Shares
  • Cryptonized Currencies
  • Commodities
  • Indices
  • Forex
  • ETC’s (Exchange-Traded Commodities)
  • ETF’s (Exchange-Traded Funds)
  • CETF’s (Crypto Exchange Traded Funds)

SMEs will be able to use the HYBSE International Marketplace to seek capital by launching an Initial Blockshare Offering (IBO); a time-limited offer to purchase cryptonized-equities and other cryptonized-instruments, such as blockshares, from businesses registered on the HYBSE International Marketplace at special discounted rates. This will provide opportunities for the unbanked (more than 1.7 billion worldwide) to participate in the listing and trading of stocks.

The parties have chosen to set up the HYBSE International Marketplace in Mauritius further to the recent announcement that the Financial Services Commission (FSC), the local regulator, will create new licensable activities for the Custodian of Digital Assets and Digital Asset Marketplace and provide a regulated environment for the exchange and safe custody of digital assets. The regulator in Mauritius has also issued guidelines on investment in cryptocurrency as a digital asset.

Hirander Misra, Chairman of MINDEX and CEO of GMEX Group commented:“I am delighted to announce this exciting joint venture, where HYBSE will bring its vast domain knowledge, securities to be tokenised and its blockchain-based digital exchange technology and MINDEX, supported by GMEX, will provide scalable institutional grade digital trading platforms and business and operational expertise to set up the new marketplace.”

He added,“We welcome the new regulatory framework for digital assets in Mauritius and we are thrilled to be at the forefront of market development as one of the first ventures to set up under the new regime. We are firmly convinced that there is a massive opportunity for Mauritius to position itself as a major global hub in this dynamic space underpinned by strong governance and regulation to ensure trust.”

Daniel Liu of Hybrid Stock Exchange Corporation Limited (HYBSE) commented“The new venture between the three companies will bring about an exciting new development, not only for the crypto sphere, but global capital markets as a whole. As we embark on a journey to pave a previous uncharted way forward, this will inevitably create an ideal prospect to move the evolution of all financial systems, light-years ahead. We must also maintain a conscious belief of the power of this evolutionary step, as not to disrupt current global markets, but to rather bolster a new way of thinking that encompasses a decentralised and truly free market entity.”

HYBSE International Marketplace will apply for a Digital Marketplace license and operations are due to commence in Q1 2019 subject to regulatory approval.

For MINDEX:

For GMEX Group:

For HYBSE:

About MINDEX

MINDEX Holdings Limited – The holding company for the MINDEX ecosystem

MINDEX Clearing Limited – Will operate as the central counterparty (CCP) clearinghouse regulated by the Mauritius Financial Services Commission (FSC) to clear all trades executed on MINDEX Limited.

MINDEX Limited – Will operate a multi-asset Derivatives Exchange regulated by the Mauritius Financial Services Commission (FSC).

MINDEX Spot Limited – The marketplace for the electronic trading of standardized physical and digital spot commodity contracts for gold, precious metals, and other commodities.

MINDEX Vault Limited – The proposed secured storage depository solution for gold and other precious metals.

MINDEX Refinery Limited – The proposed world-class smelting, refining and recovery of gold and other precious metals to the highest standards.

For more information, visit their official website

Follow on Twitter @MindexHoldings

About GMEX Group

GMEX Group (GMEX) comprises a set of companies that offer leading-edge innovative solutions for a new era of global financial markets, providing business expertise, the latest technology, connectivity, and operational excellence delivered through an aligned partnership-driven approach. GMEX uses extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries, and warehouse receipt platforms. GMEX also offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity.  GMEX Technologies is a wholly owned subsidiary of GMEX Group.

For more information, visit their official website

Follow on Twitter @GMEX_Group

About HYBSE

The Hybrid Stock Exchange (HYBSE) is an online blockchain based exchange platform. It permits the buying and selling of cryptonized-equity in the new era of cryptocurrencies. The use of blockchain technology allows participants to cut out many of the intermediaries that are associated with traditional exchanges. While traditional exchanges serve participants from specific geographical locations, the HYBSE is open to all participants globally.

For more information, visit their official website

Follow on Twitter

About the DIM Foundation

The DIM Foundation is a non-profit organization that is responsible for the marketing, public relations, customer care and oversight of the DIM brands (DIMCOIN, DIM Currencies, DIM Cryptocurrencies, and future DIM denominated coins). DIM X is a cryptocurrency converting platform. The DIM Foundation is registered in Singapore.

The DIM-Ecosystem is a blockchain-based financial ecosystem. It includes DIM Currencies, an offering of various stable digital currencies, backed by precious metals. DIM Currencies are a medium for day-to-day commerce and merchant payment solutions. The currency stability will be further enhanced by the swift and efficient purchase of precious metals through MINDEX Spot Limited (Gold Spot Exchange), and storage of the wealth in secured MINDEX Vaults.
The regional DIM Foundation will be responsible for:

  • Collecting donations for the DIM Ecosystem
  • Creating events for the DIM Ecosystem and attending blockchain events
  • Launch marketing campaigns for the DIM Foundation
  • Attract businesses into the DIM Ecosystem
  • Becoming a central meeting point for ambassadors and promoters.

For more information, visit their official website

Source:ambcrypto

0x [ZRX]

Mike Novogratz: Bitcoin will reach all-time high by year-end thanks to Libra

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Novogratz believes that Facebook’s Libra will help push Bitcoin’s price up.
He also observed that there has been a renewed interest in Bitcoin since the Libra announcement.
During an insightful interview with Bloomberg TV, Galaxy Digital CEO, Mike Novogratz, said that Facebook’s Libra will help push Bitcoin’s price up and will bring new users into the crypto space.

“Facebook’s got two billion-plus consumers. Why it’s such an exciting experiment is if it gets turned on, and I think there’s a probability it does and a probability it doesn’t, but assuming it gets turned on you, now have up to two billion consumers that get to actually experiment and use it….So before Facebook launches, we’re going to have a real view at an experiment called Telegram where they also have a userbase. These projects, if it’s Bitcoin or Ethereum, it’s converting new users. It’s not offering new product to existing users. So I think the chances of adoption in these existing platforms is pretty high and that will spill over into the broader crypto community.”

Novogratz also revealed that there is a renewed interest in crypto since the Libra announcement as Galaxy Digital has been getting a lot more calls than usual:

“From the moment the Facebook Libra project got announced, the phones started heating up again. Crypto had been quiet. Bitcoin had a monster correction. Crypto had a 95% correction in 2018. And when Bitcoin started moving back up again, when people start making money, people get interested. And the price went up for a few reasons.

It went up because of the China trade war. It went up because we’ve got political instability all over the world. It went up because people started talking about easing rates again. And the debasement of fiat currency argument got involved. And then mostly Facebook. Institutions are investing in funds out in San Francisco and they’re getting much closer to making either their first or major investments in the space.”

For his 2019 Bitcoin prediction, Novogratz feels that Bitcoin is going to consolidate in the short term with a drop to $8,500, but will spike up to its all-time high:

“So we had a big move from $4,000 to almost $13,500. And I think we’re going to consolidate. I originally said $10,000 to $14,000 – $8,500 should be the low that holds. I’m hoping it doesn’t get down there, but if it does, it wouldn’t surprise me. And then I think, as these institutions that have gotten excited again, maybe towards the end of the year, hopefully sooner, we push out of that range and we go back to the old highs at $20,000.”

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0x [ZRX]

OX Price Prediction: Long-term (ZRX) Value Forecast – July 14

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  • ZRX/USD market’s attempt to the up on July 8, has now reversed being a slightly bearish trend.
  • Investors may now venture into the crypto-market, but traders going short should be wary of further violent price move to the south.

ZRX/USD Long-term Trend – Bearish

  • Distribution territories: $0.35, $0.40, $0.45
  • Accumulation territories: $0.20, $0.15, $0.10

On July 8, the ZRX market made a futile price move against the SMA trading indicators to average its last $0.35 upper range point. The move has now reversed being a slightly bearish trend to the south below the two indicators.

The 50-day SMA is located over the 14-day SMA. And, they appear pointing to the south direction. Price has been trading at a low value of around $0.25 mark. The Stochastic oscillators have closed the hairs tightly at range 20. That could lead to a consolidation movement.

Without doubt, the ZRX/USD market has been in depressions quite a while. And, the bears have almost driven the crypto’s value beyond one of its lowest trading zone at $0.25 point. Presently, it seems that it would take a while before this crypto-market sees a decent buy signal. Reason being that it would be necessary for the pair to find a foundation that price spot of the market. At this point of trading, traders should be wary of further violent price move to the south. But, investors may now decide to venture into it.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source. bitcoinexchangeguide.

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0x [ZRX]

0x [ZRX]’s price ascends by 7.2% while other cryptocurrencies struggle to stay afloat in the massacre

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0x is ranked 26 largest cryptocurrencies by volume and has been gaining a lot of traction due to the active and responsive team behind the project.

At the time of writing 0x was soaring by 7.2% with a total market cap of $324.1 million, while cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], XRP are struggling to climb out of the enchanted bear-urn. The cryptocurrency is currentlytrading at $0.5932 with trading volume at $15.29 million.

Source: CoinMarketCap

0x is steadily gaining momentum as it keeps hitting higher highs. The price peaked at two points [$0.5975 and $0.5980] on November 16.

0x is an open protocol that provides a peer-to-peer exchange of digital assets on the Ethereum blockchain. In a recent blog post published by 0x team updates the development happening in the project. The Counterfactual project received an update, as the 0x teams [L4] have collaborated with teams from Prototypal, Celer, and Magmo.

Counterfactual is an open-source project that moves blockchain applications off-chain using “State Channels”. They aim to increase performance and scalability by moving it off-chain. The team wants to set a standard in the community for the foreseeable future for all Dapp developers to use the existing framework provided by Counterfactual to quickly build scalable apps on Ethereum.

Source.ambcrypto

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