BHD Submits Application for Digital Token Offering to Coinbase

SINGAPORE, May 11, 2020 – (ACN Newswire) – BHD has submitted a listing application to Coinbase. BHD's STO application with the U.S. Securities and Exchange Commission (SEC) was approved on March 30th. The application to Coinbase is the first SEC-approved STO (security token offering) project to be submitted, which may accelerate BHD's entry onto the Coinbase Exchange.





Coinbase provides varying levels of support for various assets. It supports around 20 cryptocurrencies and provides market information for around 300 cryptocurrencies, determined by market cap. BitcoinHD (BHD) appears in the latter group, which is not supported by Coinbase. Support for new assets follows the company's Digital Asset Framework.

BHD uses a new Conditional Proof-of-Capacity (CPOC) mining mechanism with a perfect economic model and optimal consensus algorithm. BHD uses hard disk as consensus participant, reducing power consumption, and favors decentralization. BHD lowers the barrier to entry and creates safety and trust so everyone can participate in mining.

Compared with POW mining, CPOC mining is characterized by eco-friendliness. It consumes much less power, has lower noise, no heat, and is anti-ASIC. CPOC-based BHD fulfills the original intention of Satoshi Nakamoto: everyone can become a miner.

Coinbase is among the largest and most trusted companies in the digital currency space. It is the largest Bitcoin broker and established US digital currency exchange, with access to GDAX, 30 million registered users, and US$1 billion crypto under management. If BHD receives support from Coinbase Exchange, it will be a significant milestone for the BHD ecosystem.

Contact: Master L, master@btchd.org, www.btchd.org. BHD Community is now BHD Global Autonomy Foundation.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BHD Submits Application for Digital Token Offering to Coinbase

SINGAPORE, May 11, 2020 – (ACN Newswire) – BHD has submitted a listing application to Coinbase. BHD's STO application with the U.S. Securities and Exchange Commission (SEC) was approved on March 30th. The application to Coinbase is the first SEC-approved STO (security token offering) project to be submitted, which may accelerate BHD's entry onto the Coinbase Exchange.

Coinbase provides varying levels of support for various assets. It supports around 20 cryptocurrencies and provides market information for around 300 cryptocurrencies, determined by market cap. BitcoinHD (BHD) appears in the latter group, which is not supported by Coinbase. Support for new assets follows the company's Digital Asset Framework.

BHD uses a new Conditional Proof-of-Capacity (CPOC) mining mechanism with a perfect economic model and optimal consensus algorithm. BHD uses hard disk as consensus participant, reducing power consumption, and favors decentralization. BHD lowers the barrier to entry and creates safety and trust so everyone can participate in mining.

Compared with POW mining, CPOC mining is characterized by eco-friendliness. It consumes much less power, has lower noise, no heat, and is anti-ASIC. CPOC-based BHD fulfills the original intention of Satoshi Nakamoto: everyone can become a miner.

Coinbase is among the largest and most trusted companies in the digital currency space. It is the largest Bitcoin broker and established US digital currency exchange, with access to GDAX, 30 million registered users, and US$1 billion crypto under management. If BHD receives support from Coinbase Exchange, it will be a significant milestone for the BHD ecosystem.

Contact: Master L, master@btchd.org, www.btchd.org. BHD Community is now BHD Global Autonomy Foundation.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Infinito and Paxful Form Strategic Partnership for Safe, Feeless Access to Cryptocurrencies Globally

Infinito and Paxful have partnered up to bring Infinito Wallet users a safe, feeless, and fully peer-to-peer way to buy Bitcoin with 167 fiat currencies through over 300 payment methods at great prices. The two are also working together on a unique “investment competition game” for both new and experienced crypto investors in Vietnam, a key market that both platforms are setting their sights on at the moment.

SINGAPORE, May 11, 2020 – (ACN Newswire) – Infinito, the leading multi-crypto wallet for users to easily start investing and earning more with digital assets, today announces its strategic partnership with Paxful, a peer-to-peer bitcoin (BTC) marketplace that aims to provide financial inclusion around the globe. From now, users of Infinito Wallet can directly purchase Bitcoin at the best prices from other crypto users around the world safely without having to pay any transaction fees. This is made possible thanks to the seamless integration of Paxful’s web-based Virtual Bitcoin Kiosk on the Infinito Wallet platform. From 11th May 2020, there is also a limited-time 3% rebate in ETH for all purchases made via Paxful service on the wallet.

The strategic integration between Infinito and Paxful unlocks convenient payment methods for Infinito Wallet users to buy Bitcoin (BTC) with 167+ fiat currencies including USD, VND, GBP, CNY, CAD, and more. The most in-demand payment methods supported by Paxful are bank transfer, gift cards, online wallets, domestic wire transfer, and many more.

To simplify and fully optimize the in-wallet crypto purchasing experience, buyers are instantly matched with sellers who are offering the best price on Paxful’s platform based on the currency and payment method chosen. Purchased funds are seamlessly sent to the buyer’s wallet address, removing the hassle of transferring funds between different platforms.

A Strategic Partnership to Penetrate New Regional Markets

Additionally, both Infinito and Paxful are looking to penetrate Vietnam, a highly potential market with a rapidly growing Bitcoin investor community of 6 million people and counting. The two platforms are reportedly working on a unique “crypto investment competition” type game that will allow newcomers to try their hands at crypto before investing in the real thing, while the user community at large can take part in fun trading competitions, with prizes, to discover the best crypto traders.

“We’re extremely pleased to be Paxful’s first-ever crypto wallet partner to enable Bitcoin ownership for even more people all over the world and penetrate the Vietnam market. This shared vision between Paxful and Infinito for a simple, fair, and secure economy for all empowered by cryptocurrencies has driven us to build a safe and accessible platform to purchase Bitcoin,” shared Jack Nguyen, Director of Infinito. “We hope that our joint efforts will bring about greater accessibility to Bitcoin for the masses, especially for people still foreign to the concept of digital assets.”

“As we continue our work in emerging markets, this unique partnership with Infinito aims to bring bitcoin to the masses and promote the usability of cryptocurrency,” said Ray Youssef, CEO, and co-founder of Paxful. “Together, we enable people everywhere to directly purchase Bitcoin at the best prices without having to pay any transaction fees. We’re excited to see how this will drive financial access and more opportunities for people worldwide.”

Amidst the global financial crisis caused by the Covid-19 pandemic, BTC and cryptocurrency have been gaining great traction as more people ferret for different means to diversify their income streams. Bitcoin ownership globally is growing fast and both Infinito and Paxful have reported sharp increases in crypto purchasing volume on their respective platforms, especially from Vietnamese users.

In Q1 of 2020, Paxful saw over a 43% increase in new user signups in Vietnam compared to Q4 of 2019, with a massive 262% increase in trading volume. Vietnamese seller volume also grew by 69% while the volume of buyers rose by more than 115% on the platform, both with bank transfer as the leading payment method. Similarly, Infinito has reported a colossal 710% increase in buying amount from January to February 2020 for Vietnamese users alone and over 107% increase for global users.

About Infinito
Infinito Wallet is a secure multi-crypto wallet that lets users easily start investing and earning more with digital assets. It supports over 2,000 top-ranking coins and tokens as well as decentralized applications. Infinito Wallet is frequently ranked amongst the best wallets for crypto communities. Learn more about Infinito: https://www.infinitowallet.io/

– Official website: https://www.infinitowallet.io/
– Telegram: https://t.me/infinitowallet

About Paxful
Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company, founded in 2015, has over 3 million customers globally who you can instantly buy and sell bitcoin with – using over 300 different payment methods. As part of their mission Paxful also launched #BuiltWithBitcoin, a social good initiative with the goal of building 100 schools funded entirely by bitcoin all across emerging markets.

– Official website: https://paxful.com/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Infinito and Paxful Form Strategic Partnership for Safe, Feeless Access to Cryptocurrencies Globally

SINGAPORE, May 11, 2020 – (ACN Newswire) – Infinito, the leading multi-crypto wallet for users to easily start investing and earning more with digital assets, today announces its strategic partnership with Paxful, a peer-to-peer bitcoin (BTC) marketplace that aims to provide financial inclusion around the globe.





From now, users of Infinito Wallet can directly purchase Bitcoin at best prices from other crypto users around the world safely, without having to pay any transaction fees. This is made possible thanks to the seamless integration of Paxful's web-based Virtual Bitcoin Kiosk on the Infinito Wallet platform. From 11th May 2020, there is also a limited-time 3% rebate in ETH for all purchases made via Paxful service on the wallet.

The strategic integration between Infinito and Paxful unlocks convenient payment methods for Infinito Wallet users to buy Bitcoin (BTC) with 167+ fiat currencies including USD, VND, GBP, CNY, CAD, and more. The most in-demand payment methods supported by Paxful are bank transfer, gift cards, online wallets, domestic wire transfer, and many more.

To simplify and fully optimize the in-wallet crypto purchasing experience, buyers are instantly matched with sellers who are offering the best price on Paxful's platform based on the currency and payment method chosen. Purchased funds are seamlessly sent to the buyer's wallet address, removing the hassle of transferring funds between different platforms.

A Strategic Partnership to Penetrate New Regional Markets

Additionally, both Infinito and Paxful are looking to penetrate Vietnam, a highly potential market with a rapidly growing Bitcoin investor community of 6 million people and counting. The two platforms are reportedly working on a unique "crypto investment competition" type game that will allow newcomers to try their hands at crypto before investing in the real thing, while the user community at large can take part in fun trading competitions, with prizes, to discover the best crypto traders.

"We're extremely pleased to be Paxful's first-ever crypto wallet partner to enable Bitcoin ownership for even more people all over the world and penetrate the Vietnam market. This shared vision between Paxful and Infinito for a simple, fair, and secure economy for all empowered by cryptocurrencies has driven us to build a safe and accessible platform to purchase Bitcoin," shared Jack Nguyen, Director of Infinito. "We hope that our joint efforts will bring about greater accessibility to Bitcoin for the masses, especially for people still foreign to the concept of digital assets."

"As we continue our work in emerging markets, this unique partnership with Infinito aims to bring bitcoin to the masses and promote the usability of cryptocurrency," said Ray Youssef, CEO, and co-founder of Paxful. "Together, we enable people everywhere to directly purchase Bitcoin at the best prices without having to pay any transaction fees. We're excited to see how this will drive financial access and more opportunities for people worldwide."

Amidst the global financial crisis caused by the Covid-19 pandemic, BTC and cryptocurrency have been gaining great traction as more people ferret for different means to diversify their income streams. Bitcoin ownership globally is growing fast and both Infinito and Paxful have reported sharp increases in crypto purchasing volume on their respective platforms, especially from Vietnamese users.

In Q1 of 2020, Paxful saw over a 43% increase in new user signups in Vietnam compared to Q4 of 2019, with a massive 262% increase in trading volume. Vietnamese seller volume also grew by 69% while the volume of buyers rose by more than 115% on the platform, both with bank transfer as the leading payment method. Similarly, Infinito has reported a colossal 710% increase in buying amount from January to February 2020 for Vietnamese users alone and over 107% increase for global users.

About Infinito
Infinito Wallet is a secure multi-crypto wallet that lets users easily start investing and earning more with digital assets. It supports over 2,000 top-ranking coins and tokens as well as decentralized applications. Infinito Wallet is frequently ranked amongst the best wallets for crypto communities.

– Official website: https://www.infinitowallet.io/
– Telegram: https://t.me/infinitowallet

About Paxful
Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company, founded in 2015, has over 3 million customers globally who you can instantly buy and sell bitcoin with – using over 300 different payment methods. As part of their mission Paxful also launched #BuiltWithBitcoin, a social good initiative with the goal of building 100 schools funded entirely by bitcoin all across emerging markets.

– Official website: https://paxful.com/


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Bixin Global Announces 66 Million USD Global Fund of Funds for Cryptocurrency

HONG KONG, May 8, 2020 – (ACN Newswire) – Bixin Global, one of China's largest cryptocurrency custody and mining operators, has launched a proprietary Fund of Funds amounting to 6600 BTC, or approximately USD 66 million. This announcement comes alongside the anticipated BTC Halving, as different stakeholders make various preparations for its arrival. The 6600 BTC fund seeks to empower global crypto quant funds by providing additional resources for liquidity providers and market making activities.

Bixin's Fund of Funds is BTC denominated with the main goal of increasing BTC holdings by investing in global quant funds. The strategies that the quant funds can utilize will be based on arbitrage, CTA and trend analysis. Bixin Global also welcomes exploring mutually beneficial partnerships with other firms on mining management, cloud mining and mining fund sectors.

Bixin Global has an unwavering commitment to Bitcoin and provides robust financial services for the cryptocurrency industry such as OTC lending, exchange and escrow services. Bixin Global has had a major impact in growing the BTC industry to what it is today as they were early investors of leading cryptocurrency companies such as Whatsminers. Bixin Global was founded by veteran mining expert, Wu Gang, who began mining BTC during its infancy at the beginning of 2009.

Bixin Mining currently operates bitcoin mining facilities of about 300 megawatt-hour, roughly 3,000 petahashes per second (PH/s) of computing power that accounts for 2.5% of the Bitcoin network's total. This has been achieved under the leadership of Liu Fei. A seasoned veteran in the world of digital currency, Liu Fei cut his teeth at Huobi in 2016 where he served as Senior Operational Officer. During this time, he was in charge of building systematic approaches for market creation and liquidity management, and became connected with experienced miners. The company itself is a big operation with many moving parts that operates like a close-knit family business, and with its team of experienced professionals including former Director of Global Business Development at Huobi and Venture Partner at Amber Group, Mustafa Yilham, Bixin Global is poised to make a significant impact in the crypto landscape.

As one of the largest mining operators and cryptocurrency custody solutions in China boasting an extensive user base, Bixin Global is committed to actively growing the cryptocurrency industry by reinvesting back into quant funds globally. Spearheaded by Bixin Finance COO and Bixin Mining CEO, Liu Fei, he has led the company towards growth through the blending of different strategies and asset classes to deliver a more consistent return while minimizing risk during volatile times, with the end goal of accruing more Bitcoin. The fund has been primarily operated in house without outside investment and does not have plans for fundraising to date. Bixin Global also is steadily growing to become one of the largest prop cryptocurrency trading desks in Asia.

For further information on the 6600 BTC fund of Bixin Global and its development, please contact mustafa@bixin.com.

ABOUT Bixin Global

Bixin Global Co. Ltd. is one of the most influential blockchain companies in Asia. With its business covering both upstream, cryptocurrency mining, and downstream, bitcoin wallet, in the blockchain industry, the company has steadily diversified its service offerings as well as overall market capabilities over the past six years.

Bixin Global services are operated through Bixin.com, Bixin Capital, Bishin Cloud, Bixin CryptoLending, Bixin Financial Services, Bixin Investment, BixinIM, Bixin Mining and Bixin Software. For more information, please visit the official website at https://bixin.im.

Media Contact
Mustafa Yilham
Head of Business Development
mustafa@bixin.com


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blockpass, Tozex Collaborate on Fully KYC & AML Compliant Crypto Asset Trading

HONG KONG, May 7, 2020 – (ACN Newswire) – Blockpass and crypto asset platform Tozex have announced a strategic collaboration and partnership. One of Tozex' highest values is ensuring the safety and legality of each investment by the investor community and conducted by each company on the Tozex Platform. The strategic collaboration with BlockPass aims to simplify investor identification and KYC processes in the crypto asset industry, as well as ensure full compliance with 5AMLD and GDPR.





Blockpass provides a quick, seamless and comprehensive solution for businesses to conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) screening that is intuitive for end-users, providing them with a portable identity profile that they can control and re-use to onboard with any service instantly.

"Tozex will enable a fully legal and regulated investment process for both companies and investors to create a sustainable ecosystem for SMEs. This collaboration with one of the most innovative companies is an important milestone in this direction," said Remy Ozcan, CEO of Tozex. "Tozex cares much about the safety of its customers, and aims to create a congruous atmosphere for platform users. This functionality will serve for all the needs of our precious community."

"We are very excited about our partnership with Tozex, making compliance and digital identity quick, easy but comprehensive for such a solid crypto asset platform and its thousands of users," noted Blockpass CEO Adam Vaziri. "Blockpass is the ideal regtech platform for an increasingly remote world and regulated transaction environment, where there is a strong need to establish trust via reusable and verifiable digital identity."

About Blockpass

Blockpass is a unique, reusable digital identity (DID) solution for any organizations that participate in regulated industries and in the increasingly remote business environment where trust needs to be verified digitally. Blockpass offers an alternative process to cumbersome, repetitive and expensive Know Your Customer (KYC) and Anti-Money Laundering (AML) checks through a seamless merchant dashboard that is setup immediately with pay-as-you-go and no initial fee. Blockpass' KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly.

For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Tozex

Tozex is a crypto asset platform for token issuance, financing and trading that offers entrepreneurs the opportunity to tokenize their businesses and raise funds via Initial Token Offerings (ITOs). Tozex integrates a "Tokenpad" module, allowing set up of token-based crowdfunding campaigns dedicated to financing SME projects with an embedded trading marketplace within a few days without any specific skills and extra costs. With the help of blockchain technology, Tozex offers a unique trustable ecosystem for entrepreneurs, investors and traders, being a gateway between the primary and the secondary markets. Tozex's open source smart contract library lets entrepreneurs individually choose the most suitable fundraising mechanism, as well as a Blockchain network (Ethereum, Ethereum Classic, RSK…) to deploy the newly issued token.

For more information and updates, please visit and sign up to the following:
Website: https://tozex.io
Email: support@tozex.io


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BitHull Cryptocurrency Miners Buy 3 Get 1 Free

COPENHAGEN, May 4, 2020 – (ACN Newswire) – BH Miner and BH Miners Box, two recently launched cryptocurrency miners from BitHull S.A, are now available for a lucrative promotional offer. Anyone purchasing three of these extraordinarily profitable FPGA miners is now entitled to receive one more miner absolutely free of cost. This promotional offer will remain active until May 30.

BH Miner is the basic product from BitHull S.A that has been designed specifically for the newbies looking to try their hand in crypto mining. BH Miners Box, on other hand, is a combination of six BH Miner with serious profit making potential. Both these miners can be used for mining Bitcoin, Litecoin, Ethereum, and Monero.

Hash Rates:

BH Miner Hash Rates: Bitcoin: 360 TH/s, Litecoin: 60 GH/s, Ethereum: 15 GH/s, and Monero: 3 MH/s
BH Miners Box Hash Rates: Bitcoin: 2160 TH/s, Litecoin: 360 GH/s, Ethereum: 90 GH/s, and Monero: 18 MH/s

Profit (BH Miners Box):

Bitcoin: $7951.95 profit per month
Litecoin: $18.64k profit per month
Ethereum: $25.78k profit per month
Monero: $29.06k profit per month

Assuming power cost of $0.12/kWh, the monthly power expense for BH Miners Box comes to $285 only. Based on figures shared above, BH Miners Box users can break-even and start making profits within a month. To further enhance the profitability of its customers, BitHull S.A covers the delivery and custom fees for them.

"We are pleased to announce that anyone purchasing three or more miners from us will now receive one miner for no additional cost whatsoever. This promotion is specifically for the mining enthusiasts looking to build an extremely profitable home based mining business," said Matias Milet, Vice President of BitHull S.A.

For more details, please visit https://www.bithull.com/

About BitHull S.A

BitHull S.A is a technology company dedicated to developing next-generation hardware for cryptocurrency mining. The company is run by a team of experts with a track record of delivering world-class tech components such as FPGA chips to numerous industry heavyweights.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55322

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BitHull Announces Free Shipping for its Crypto Miners

Helsinki, Finland, May 2, 2020 – (ACN Newswire) – Following the recent announcement of custom fee waiver, BitHull S.A (www.BitHull.com) has just announced free shipping for its crypto miners BH Miner and BH Miners Box. Both these miners were developed by BitHull utilizing the latest FPGA technology, to deliver unprecedented hash rates with relatively low power consumption. The introduction of 100% custom-fee waiver and free shipping will significantly enhance the profitability of the products.

Both BH Miner and BH Miners Box are capable of mining Bitcoin, Litecoin, Ethereum, and Monero. While BH Miner is the company's basic mining rig ideally suited for the newbies, BH Miners Box offers tremendous profit potential by combing six BH Miner units. Both the products come pre-configured, and are equipped with silent fans that hold all the noise inside the case.

The larger of the two units from BitHull, BH Miners Box offers extraordinary hash rates of 2160 TH/s, 360 GH/s, 90 GH/s, and 18 MH/s for Bitcoin, Litecoin, Ethereum, and Monero respectively. Consuming power worth $285, it can generate monthly profits of around $8k, $19k, $26k, and $30k for the four coins in the same order as above.

"While designing our miners, it was our utmost priority to ensure profitability for our customers in whichever way we can," said Matias Milet, Vice President of BitHull S.A. "We are delighted to further enhance their profitability by eliminating the custom fee and shipping fee."

For more details, please visit https://www.bithull.com/

About BitHull

BitHull S.A is a technology company dedicated to developing next-generation hardware for cryptocurrency mining. The company is run by a team of experts with a track record of delivering world-class tech components such as FPGA chips to numerous industry heavyweights.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55299

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BHD Global STO application has been approved by SEC

SINGAPORE, May 1, 2020 – (ACN Newswire) – BHD's application for a security token offering (STO) has been approved by U.S. Securities and Exchange Commission (SEC). BHD, a new style of crypto currency with its unique Proof of Capacity (PoC) consensus and mining mechanism, generates its unique value through mathematics and code.





BHD established its CPoC (Conditional Proof of Capacity) with an original, next-generation consensus system, with an optimal economic model and consensus algorithm. BHD uses hard disk as consensus participant, significantly lowering the energy consumption, and the entry barrier, making mining of crypto currency safer, more decentralized, and for everyone.

Compared with Bitcoin POW mining, CPoC mining saves energy, consumes much less power, has lower noise, no heat, and is anti-ASIC. CPoC-mining-based BHD can realize the original intention of Satoshi Nakamoto, that everyone can become a miner. BHD's global network capacity has reached 1000 Pb, and the equipment value is 400 million USD.

BHD is a self-governing community project, like Bitcoin, which will allocate greater rewards and more support to miners who meet the mining conditions. All these changes have been realized by mathematical formulas and algorithms instead of manual operation. The performance of BHD has attracted much attention with some believing this dark horse may lead a revolution in the blockchain industry.

Relative to an ICO, STOs are seen as lower risk, as the securities laws that regulate security tokens often enforce transparency and accountability. A security token will also be backed by a real-world asset, which makes it easier to assess whether or not the token is priced fairly in relation to the underlying asset. With pure utility tokens, it can be difficult to assess true value, and determine fair price.

The STO is good for BHD's adoption in the long-run. STOs are legally compliant, which means they are perceived to be of less risk, and will encourage institutional investors to come on board. BHD community registered as BHD-global autonomy foundation Ltd, applied to the Singapore Accounting and Corporate Regulatory Authority (ACRA), was approved by the
SEC on 03.30.20, was approved by the ACRA and became effective on 04.15.20.

Please visit the official website: www.btchd.org.

SEC approval: www.sec.gov/cgi-bin/browse-edgar?company=bhd-global

Contact: Master Bao, master@btchd.org. BHD Community is now BHD Global Autonomy Foundation.





Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hoo.com Founder Ruixi Wang: Dive into Blockchain with Great Ambition

BEIJING, Apr 30, 2020 – (ACN Newswire) – "We are counting down for Bitcoin halving 2020. But this time, the halving seems much more special compared to the previous two with the COVID-19 pandemic and its aftermaths. Bitcoin is facing its first real challenge as well as opportunity. The confidence the halving brings is more important than its actual market performance.

The COVID-19 pandemic might accelerate the downmarket, but it will also cause a quick reverse in the economy. From that perspective, the halving together with the pandemic will possibly have a positive influence on the crypto space. My prediction is that Bitcoin price will skyrocket to $100,000 by 2021."

That's how Ruixi Wang views Bitcoin's halving under the circumstances of the COVID-19 pandemic. What insights and cognitions does the 30-year-old entrepreneur have in the crypto and blockchain sphere? Why did he predict boldly that the price of Bitcoin would reach up to $100,000?

Blocklike had a conversation with Ruixi Wang, founder of Hoo.com, who shared his opinions on the blockchain industry and the 'evolutionary history' of Hoo.com.

The 30-Year-Old 'Veteran'

"Not being content with the status quo and always staying curious with new things were the two incentives that got me involved in blockchain. I have a technical background, so I've always been keen on technology and its progress, trends and development. I got to know cryptocurrency by chance years ago, and I was deeply attracted by its novel concept right away.

But I was in the wave of big data start-ups at the same time. I was a big fan of that too. So I got myself into a dilemma – which one should I pick? But after a few struggles, I turned to crypto in the end," Ruixi Wang recalled how he ended up in crypto.

Although he stepped into the space in its infancy, Wang's blockchain career was not always smooth.

Starting his blockchain trip by building a Bitcoin information navigator, Wang then worked for the mining team of a young talent Kaomao. He took over his mining machines and built his own company when Kaomao suddenly vanished. He also bought out PoW8.com, a cloud computing platform, and established an ICO investment platform before founding Hoo.com. The rapid changes forced Wang to challenge and to break himself. Now Wang has become a true 'veteran' with his 8 years' experience in the industry .

Looking back on the past, he summed up his experience with 'diving into blockchain with great ambition'. He said that inherent curiosity drove him forward, during which he had to face more challenges but also gained more opportunities than his fellow peers. At the same time, it was precisely his persistence and full confidence in the future of crypto that enabled him to adjust his positioning and quickly adapt a firm foothold in the rapidly changing industry.

Talking about his feeling towards 8 years in the sphere, Wang said: "What impressed me most were the volatile ups and downs of this industry. I withdrew from a stable job and quickly plunged into a new space. I've seen so many new faces pouring into the industry with so many old players leaving at the same time. Only those in my shoes would comprehend."

The 'get rich quick' myth is fading away, which leaves a bunch of outstanding companies and talents in the blockchain space. For that, Wang believes that perseverance and confidence are vital. "For the better development of the industry, we need companies and people with confidence in themselves but who are always willing to correct themselves at the same time."

"And it turns out true. Huobi, OKex and Binance merged immediately after BTCC, the first Chinese Bitcoin exchange, collapsed. These top exchanges made the industry bigger and better. On the other hand, crypto wallets like Bitpie have also made great contributions to the safe and sound development of the industry. I believe these people are persistent and confident in what they are doing and I also believe that they will have a bright long future," explained Wang.

The Road to Hoo.com

When it comes to his latest start-up Hoo.com, Wang feels lucky he seized the opportunity to do the right thing.

In 2017, Wang ran into the ICO heat when he was seeking for a transformation from the mining industry. With a technical background, he chased the wave and invested in quite many projects and tasted blood until ICOs were completely banned on September 4.

He had to seek another way out. Wang found that there were still gaps to be bridged in the asset management and financial system. He believed asset management would be the object of long-term inflexible demand in the industry. Therefore, Hoo Wallet was born. And that's the mission of Hoo – to solve the safety issue of asset management as a basic service.

Focusing on the mission, Hoo Wallet launched a co-management feature, Hoo Custody, Deposits and Lending services. In June 2019, Hoo.com was officially launched, along with two acquisitions, as a crypto exchange . It aims to be a one-stop blockchain assets service platform covering trading, savings, lending, asset custody and DEX, etc.

There are many more competitors in the exchange field than in wallets. How will Hoo stand out given the fact that Huobi, OKEx and Binance share almost all of the market? Wang explains that even though Hoo seemed to be a new player as an exchange, they have explored for two years in the savings and lending business as well as the node service for over 20 blockchains.

"The threshold for building an exchange is relatively low. There is too much propoganda and speculation. In fact, exchanges depend heavily on technology and marketing. It is hard to 'graduate' in the end. As for Hoo.com, we are well-equipped on the technical side. Apart from that, Hoo.com had a good start when it spent $10 million on the acquisition of Chaince and OAX and migrated their users directly," added Wang.

Besides, Wang is of the opinion that the top exchanges are greatly affected by the pandemic and the March 12 Black Swan event. All the exchanges are back at the starting point to some degree. What they will compete for next would be 'service'. It is true that the top players have taken much of the market, but from a perspective of the whole crypto financial market, there is still much space to explore, which means that there's still a lot of room to grow for top exchanges and there are huge opportunities for tier 2 and tier 3 exchanges.

The Ambitious Hoo.com

In Wang's opinion, there are often times when those who speak louder or make more noise seem to be more impressive. However, it's a matter of fact that a start-up cannot live without good products and services.
Calling himself an entrepreneur, Wang always has something in store for the business he built. From savings, lending to spot trading and perpetual contracts, the ambitious Hoo never stopped being just a wallet.

He points out: "So far, users seem to be satisfied with our savings, lending and derivatives products. But we still have a long way to go. We are aware of our problems. Anyway, facing up to your shortcomings is the first step to moving forward."

How does Hoo.com want to build its platform, and what kind of products and services will it provide?

Wang reveals to Blocklike that Hoo.com has two different goals in the medium and long term:
In the medium term, Hoo.com will focus on derivatives including futures, contracts and options. It will not be limited to the crypto space. They will build partnerships with well-known traditional financial organizations.

In the long term, the plan is to build a clearing system, which refers to the clearing between fiat and cryptocurrency. Hoo aims to bridge the gap between the traditional market and the crypto market.
The reason why Wang wants to build this clearing system is also based on his positive expectations for the blockchain industry.

He told Blocklike: "There is a lot of favorable news lately. The central bank accelerated its pace in DCEP adoption. BSN, the state level blockchain service network, is about to be commercialized. Ant Financial open chain was officially launched. Compared to the development of the Internet, blockchain technology welcomes a more competitive state involving companies, countries and the world for the next period, and it will prosper like the Internet."

Media contact:
Daniel Zhang
danielzhang@hoo.com
https://www.hoo.com


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