Panaesha Capital Exchange (PCEX) Benefites

The cryptocurrency market boomed in 2017-2018; the total market cap of cryptocurrencies reached $700 Billion USD last year. With the immense market potential offered by cryptocurrencies, digital currency trade is flourishing and several crypto-exchanges were launched within the span of an year and still more are under development. Crypto-exchanges are platforms where traders can exchange cryptocurrencies for other cryptocurrencies or fiat money.Panaesha Capital Exchange (PCEX) is a cryptocurrency trading platform set to be launched in Quarter 3 of 2018. PCEX is secure, fast, provides high liquidity and employs a broker channel for extra security. The platform is a one-stop trading solution; offering both cryptocurrency to cryptocurrency exchange and cryptocurrency to fiat currency trades.Benefits of PCEXMulti-functional Exchange PlatformMany crypto-exchanges, even prominent platforms, support just crypto-to-crypto trades, forcing traders to conduct their activities on multiple exchanges. Crypto-traders first buy cryptocurrencies for fiat money on a particular platform and then distribute the currencies over several trading platforms to ensure liquidity and profit. In order to convert the digital currencies to fiat, the traders have the choice of just a handful of platforms. PCEX is a comprehensive solution offering high liquidity; the crypto-traders can conduct all their trades on a single platform and will also be ensured of significant returns.High LiquidityTo promote the liquidity of digital assets on PCEX, the platform embodies all the key attributes for a fast-moving exchange;
An easy user interface to simplify the transaction process. PCEX is built similar to the National Stock Exchange format for familiarity.
Low transaction fees (PCEX insists on very few fees for trading on the platform).
A sophisticated buy-sell procedure through a superior matching engine. Trade orders will be matched fast on the platform.High-Caliber Order MatchingUsers on PCEX are offered the limit trading procedure so that they can buy or sell assets at a price they set; the matching engine will try to enhance the sale by matching the users’ trade with a better price in a limited time. The limit time will be set by the traders after which the trade order will be removed from the platform. PCEX has the ability to match orders fast through a superior order-matching engine.Affordable FeesTo conduct trade on PCEX, crypto-traders will incur just two fees: transaction fees and withdrawal fees. The transaction fee on PCEX is much lower than the fees on other platforms offering similar services. A significant portion of the transaction fees go to brokers and sub-brokers of PCEX; the platform will receive a smaller portion of the cut.Broker and Sub-Broker ChannelsBrokers and sub-brokers for crypto-trade is a unique feature of the PCEX trading platform. Traders on crypto-exchange platforms usually face poor customer support and slow reaction time. PCEX remedies this drawback by employing a fleet of brokers and sub-brokers to assist traders personally on each trade. A single point of contact will be assigned to traders on PCEX whom they can contact at any time for assistance. No dark period of unresponsiveness will ever be associated with PCEX.Through the broker channel and exceptional services, PCEX aims to build long-term relationships with users. The broker channel also adds a layer of security to the platform.High SecurityIncidentally, PCEX has several layers of security. The platform has a Clark-Wilson Model of security architecture to ensure data integrity. The security system will verify the acceptance of information on PCEX so that data breaches can be prevented all together. Secure operations on the platform require the auditors to collaborate; devices and identities are in place to protect the website. PCEX provides crypto-traders a level of security that is impenetrable and keeps the traders’ identity and digital assets safe from hackers and accidental loss.All users, brokers and sub-brokers on PCEX have to complete a KYC/AML protocol; PCEX is preparing ahead for any regulations that may arise in future. Traders can also be assured of legal conduct on the platform.ConclusionCryptocurrency trading is a volatile atmosphere with prices peaking and dipping almost daily. The volatility of prices depends on country or state regulations, security, vendor acceptance of digital currencies, big players, etc. Cryptocurrency trade provides a much higher Return-of-Investment than traditional stock exchange; early investors in cryptocurrencies made profits in millions in 2017-2018.To support the growing demand of digital currencies and digital currency trade platforms, PCEX adopts an advanced framework with full-service tools. Everything a crypto-trader will require to conduct smooth and effortless trade is available on PCEX. In fact, PCEX goes the extra mile.Explore the new and exceptional crypto-exchange on http://www.pcex.io.

Is It Time To Revisit Holding Cryptocurrencies?

At the time of writing, Bitcoin was approaching a new high of $20,000 USD per bitcoin. What has changed since the last time this high was reached?Covid CrazyThe Covid19 situation has changed the way people do many things. Technology has been thrust into the forefront of everyday living. Things that used to be done physically are now being pushed into the virtual world – schooling, eating in restaurants, entertainment, work and the purchasing of many goods and services. The natural fit to this kind of agenda is using cryptocurrencies. Why? They are an extension of the technologically driven world. They also can be used for competition to the existing financial system at a potentially lower cost.AcceptanceThe last time Bitcoin reached its record high, many institutions were demonizing cryptocurrencies as methods of payment used by criminals for terrorism, money laundering and illicit drug sales. At this time, Mastercard and Visa are linking cryptocurrencies to their credit cards, and Paypal is now accepting Bitcoin to be used on its platform. Many governments are talking about issuing cryptocurrency versions of their traditional currencies. There was also a push from Facebook partnered with major banks and other institutions to issue a cryptocurrency called Libra which did not go very far but the intention is there. Cryptocurrencies are not for criminals any more unless the aforementioned institutions are doing the crimes.AdoptionThe key for any technology is widespread or mass adoption. The more people use something, the more demand there is for its use and the more important it will become. With widespread adoption, the systems working in conjunction with the product also begin to change. Look at the Apple iPod, Microsoft Windows, providers of the internet, and electric cars as examples. With new demand will come new industries and piggy back products that were not very useful without the adoption of the original product.Vulnerability of Traditional InvestmentsDue to the Covid scenario and the depression that is unfolding, investment in stocks and bonds is becoming quite expensive and carries higher risk since the underlying economy is disconnected from the performance of these markets. The high debt level makes real estate investment riskier than in the past as well as the volatility of rental income and people’s ability to pay for their mortgages. Cash is a safe haven but rising debt and inflation prospects mean that cash has risk as well. The concept of diversification means that these investments should be held to some extent, but there is now a yearning for an asset that complements these products. This new asset is cryptocurrencies. This product allows for diversification from excessive debt, currency debasement, and high inflation.

Fear Not, China Is Not Banning Cryptocurrency

In 2008 following the financial crisis, a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published, detailing the concepts of a payment system. Bitcoin was born. Bitcoin gained the attention of the world for its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the internet, blockchain offered solutions to issues we have failed to address, or ignored over the past few decades. I will not delve into the technical aspect of it but here are some articles and videos that I recommend:How Bitcoin Works Under the HoodA gentle introduction to blockchain technologyEver wonder how Bitcoin (and other cryptocurrencies) actually work?Fast forward to today, 5th February to be exact, authorities in China have just unveiled a new set of regulations to ban cryptocurrency. The Chinese government have already done so last year, but many have circumvented through foreign exchanges. It has now enlisted the almighty ‘Great Firewall of China’ to block access to foreign exchanges in a bid to stop its citizens from carrying out any cryptocurrency transactions.To know more about the Chinese government stance, let’s backtrack a couple years back to 2013 when Bitcoin was gaining popularity among the Chinese citizens and prices were soaring. Concerned with the price volatility and speculations, the People’s Bank of China and five other government ministries published an official notice on December 2013 titled “Notice on Preventing Financial Risk of Bitcoin” (Link is in Mandarin). Several points were highlighted:1. Due to various factors such as limited supply, anonymity and lack of a centralized issuer, Bitcoin is not a official currency but a virtual commodity that cannot be used in the open market.2. All banks and financial organizations are not allowed to offer Bitcoin-related financial services or engage in trading activity related to Bitcoin.3. All companies and websites that offer Bitcoin-related services are to register with the necessary government ministries.4. Due to the anonymity and cross-border features of Bitcoin, organizations providing Bitcoin-related services ought to implement preventive measures such as KYC to prevent money laundering. Any suspicious activity including fraud, gambling and money laundering should to be reported to the authorities.5. Organizations providing Bitcoin-related services ought to educate the public about Bitcoin and the technology behind it and not mislead the public with misinformation.In layman’s term, Bitcoin is categorized as a virtual commodity (e.g in-game credits,) that can be bought or sold in its original form and not to be exchanged with fiat currency. It cannot be defined as money- something that serves as a medium of exchange, a unit of accounting, and a store of value.Despite the notice being dated in 2013, it is still relevant with regards to the Chinese government stance on Bitcoin and as mentioned, there is no indication of the banning Bitcoin and cryptocurrency. Rather, regulation and education about Bitcoin and blockchain will play a role in the Chinese crypto-market.A similar notice was issued on Jan 2017, again emphasizing that Bitcoin is a virtual commodity and not a currency. In September 2017, the boom of initial coin offerings (ICOs) led to the publishing of a separate notice titled “Notice on Preventing Financial Risk of Issued Tokens”. Soon after, ICOs were banned and Chinese exchanges were investigated and eventually closed. (Hindsight is 20/20, they have made the right decision to ban ICOs and stop senseless gambling). Another blow was dealt to China’s cryptocurrency community in January 2018 when mining operations faced serious crackdowns, citing excessive electricity consumption.While there is no official explanation on the crackdown of cryptocurrencies, capital controls, illegal activities and protection of its citizens from financial risk are some of the main reasons cited by experts. Indeed, Chinese regulators have implemented stricter controls such as overseas withdrawal cap and regulating foreign direct investment to limit capital outflow and ensure domestic investments. The anonymity and ease of cross-border transactions have also made cryptocurrency a favorite means for money laundering and fraudulent activities.Since 2011, China has played a crucial role in the meteoric rise and fall of Bitcoin. At its peak, China accounted for over 95% of the global Bitcoin trading volume and three quarters of the mining operations. With regulators stepping in to control trading and mining operations, China’s dominance has shrunk significantly in exchange for stability.With countries like Korea and India following suit in the crackdown, a shadow is now casted over the future of cryptocurrency. (I shall reiterate my point here: countries are regulating cryptocurrency, not banning it). Without a doubt, we will see more nations join in in the coming months to rein in the tumultuous crypto-market. Indeed, some kind of order was long overdue. Over the past year, cryptocurrencies are experiencing price volatility unheard of and ICOs are happening literally every other day. In 2017, the total market capitalization rose from 18 billion USD in January to an all-time high of 828 billion USD.Nonetheless, the Chinese community are in surprisingly good spirits despite crackdowns. Online and offline communities are flourishing (I personally have attended quite a few events and visited some of the firms) and blockchain startups are sprouting all over China.Major blockchain firms such as NEO, QTUM and VeChain are getting huge attention in the country. Startups like Nebulas, High Performance Blockchain (HPB) and Bibox are also gaining a fair amount of traction. Even giants such as Alibaba and Tencent are also exploring the capabilities of blockchain to enhance their platform. The list goes on and on but you get me; it’s going to be HUGGEE!The Chinese government have also been embracing blockchain technology and have stepped up efforts in recent years to support the creation of a blockchain ecosystem.In China’s 13th Five-Year Plan (2016-2020), it called for the development of promising technologies including blockchain and artificial intelligence. It also plans to strengthen research on the application of fintech in regulation, cloud computing and big data. Even the People’s Bank of China is also testing a prototype blockchain-based digital currency; however, with it likely to be a centralized digital currency slapped with some encryption technology, its adoption by the Chinese citizens remains to be seen.The launch of the Trusted Blockchain Open Lab as well as the China Blockchain Technology and Industry Development Forum by the Ministry of Industry and Information Technology are some of the other initiatives by the Chinese government to support the development of blockchain in China.A recent report titled ” China Blockchain Development Report 2018″ (English version in the link) by China Blockchain Research Center detailed the development of the blockchain industry in China in 2017 including the various measures taken to regulate cryptocurrency in the mainland. In a separate section, the report highlighted the optimistic outlook of the blockchain industry and the massive attention it has received from VCs and the Chinese government in 2017.In summary, the Chinese government have shown a positive attitude towards blockchain technology despite its enforcement on cryptocurrency and mining operations. China wants to control cryptocurrency, and China will get control. The repeated enforcements by the regulators were meant to protect its citizens from the financial risk of cryptocurrencies and limit capital outflow. As of now, it is legal for Chinese citizens to hold cryptocurrencies but they are not allowed to carry out any form of transaction; hence the ban of exchanges. As the market stabilizes in the coming months (or years), we will see undoubtedly see a revival of the Chinese crypto-market. Blockchain and cryptocurrency come hand-in-hand (with the exception of private chain where a token is unnecessary). Countries thus cannot ban cryptocurrency without banning blockchain the awesome technology!One thing we can all agree on is that blockchain is still at its infancy. Many exciting developments awaits us and right now is definitely the best time to lay the foundation for a blockchain-enabled world.Last but not least, HODL!

Are You Choosing the Right Stock Market Advisory Company

What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.

If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:

How much assistance do you actually require?

Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.

Choose a top ranked advisory company

It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.

Asking for a sample financial plan initially makes sense

When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.

Conclusion

The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.

Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.

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