Bitcoin
Harnessing Sustainability and Compliance: An Inside Look at Bitcoin Additional and Quantum Exchange
Welcome to an exclusive interview with Doni and Ilmari, the minds behind two new entrants in the cryptocurrency space: Bitcoin Additional and Quantum Exchange. They believe in a future where sustainability, inclusivity, and decentralization go hand in hand with cryptocurrency technology.
Bitcoin Additional is not your regular Bitcoin spinoff. Although its price aligns with Bitcoin’s, the difference lies in its use of a proof-of-stake algorithm. This approach significantly reduces energy consumption and hardware requirements, distinguishing it as an eco-friendly option in the cryptocurrency mining landscape. The potential to mine Bitcoin Additional via master nodes or cloud mining makes it more accessible and affordable. In addition, the proprietary blockchain offers superior scalability, speedier transactions, and reduced costs compared to the conventional Bitcoin network.
The Quantum Exchange or the Halal Exchange as the creators fondly refer to it, extends the inclusivity ethos further. Respecting the Sharia law stipulations, this exchange does away with instruments of speculative trading and derivatives which are traditionally seen as unpermissible for Muslim investors. This thoughtful approach allows adherents of Sharia law to safely invest in the world of cryptocurrencies.
Discussing the environmentally-conscious mining technique, Doni explains that Bitcoin Additional coins can be mined by simply staking existing ones. The process can be carried out via their mobile wallet or PC application, even directly through their exchange. Notably, the entry barrier is kept minimal, requiring an investment as low as 0.001 Bitcoin, which equates to about $28. This accessibility, coupled with a promising annual return of up to 30 percent, opens doors for anyone to begin their cryptocurrency investment journey.
Bitcoin Additional’s innovative features extend to transactions as well. A noteworthy addition is a shake-to-pay feature, where cryptocurrency can be transferred simply by shaking your phone near your friend’s device. It’s a playful and user-friendly solution that diminishes the complexities usually associated with cryptocurrency transactions.
With headquarters based in Slovakia, the company primarily focuses on the markets of Turkey, Western Europe, and the CIS. However, the platform is open to investors from around the world.
Discussing Bitcoin’s future prospects, Doni and Ilmari predict an optimistic scenario driven by the upcoming halving event. They anticipate the price of Bitcoin potentially doubling or even touching the $100,000 mark in the following year.
On the topic of meme coins, their stance is firm. They regard the meme coin frenzy as a high-risk game, akin to a casino. While it may attract investors seeking quick and substantial returns, they caution that this type of investment often enriches founders and influencers who pump these coins. Their approach leans toward traditional, long-term investment strategies.
Finally, when queried about Central Bank Digital Currencies (CBDCs), they see it as a potential step towards mass adoption of cryptocurrency. Though CBDCs might bring about a level of centralization, they see the overall endeavor as governments and major corporations attempting to integrate their systems into the decentralized framework of Bitcoin.
With their unique offerings and approach, Bitcoin Additional and Quantum Exchange are aiming to make a lasting mark on the crypto world. They are committed to simplifying cryptocurrency investments while ensuring sustainability and inclusivity. This forward-thinking approach could very well make them the pioneers of the next generation of crypto-technology.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.
Bitcoin
Bitcoin exchange-traded products begin trading on the London Stock Exchange
The UK’s Financial Conduct Authority gave the go-ahead for the first bitcoin exchange-traded products (ETPs) to trade on the London Stock Exchange. WisdomTree and 21Shares, two asset managers, both put Bitcoin ETPs on the LSE today.
Just last week, the FCA said that Bitcoin ETNs could be added to the market. This allowed issuers who had been waiting for regulatory approval to bring Bitcoin ETNs to the LSE to start them today.
All of the ETNs give investors a way to bet on the price of bitcoin. At the moment, FCA rules say that only professional buyers can get to them. Alex Pollak, head of UK for 21Shares, said, “But the game-changer in the UK will be when the retail ban is lifted. Right now, there is a retail ban on trading bitcoin and ether ETNs.”
The launch today is a big step forward for both Bitcoin usage and London’s plans to become a centre for digital assets. There are already controlled bitcoin funds in the US, Europe, and Hong Kong, which puts pressure on the FCA to catch up.
Ophelia Snyder, co-founder of 21Shares, said, “The UK is one of the deepest and most liquid capital markets in the world.”
In order to open its market, the FCA is doing it in stages. Professional investors can now buy bitcoin ETNs on the London Stock Exchange (LSE), giving them their first controlled access to crypto assets.
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