Dear Ternion Exchange Customer,

We are informing you that starting with 21/11/2020 the deposits and withdrawals using fiat payment systems will be disabled (Sepa and Swift). We are expecting to receive your deposits and withdrawal requests before 20/11/2020 in order to process it and avoid delays.

Ternion Team

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Two rival Brazilian indigenous tribes from Northern Brazil have joined forces to create a cryptocurrency to guarantee the native people’s minimal income amid government negligence during COVID-19 pandemic. They also hope the token will help indigenous rights amid the hostile crackdown of the government forces, as well as fighting corruption. 100 million OYX (Oyxabaten) tokens will be issued at a starting price of 10 reals per coin, with the proceeds benefiting the tribes to acquire the implements they need for living.
We in Ternion find this initiative an inspiring example of how blockchain and cryptocurrency could be used for improving people’s lives, and even uniting unlikely allies in sake of common good.

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On Thursday, Bitcoin surpassed the $16000 mark for the first time since January 2018. Following a week-long consolidation between $14000 and $16000, Bitcoin has now gathered around 50% in price this past quarter alone. Besides, altcoins, such as Ethereum or Litecoin, are also gaining in price.
As private and institutional investors are expected to double down on Bitcoin and crypto due to uncertainty on the markets of others’ assets, we in Ternion stay working to provide our customers fastest services to buy BTC and other coins with lowest fees.

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The government of Lebanon is planning to launch CBDC in 2021, Central Bank’s Governor Riad Salameh confirmed. Such a move would hopefully restore confidence in the banking sector after widespread protests against corruption that led to massive bank closures last year. The Central Bank also believes CBDC would also help the transition to cashless payments.
We in Ternion believe that Lebanon will serve as an interesting example of how adoption of digital currency might help the local economy in context of the broad and deep challenges to the financial sector, as a bid to restore compliance and customers’ trust.

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The government of Iran has recently issued a legislation that provides a legal basis to redirect cryptocurrency, supplied from miners through taxation, for foreign import funding. The taxation would be defined by the level of electricity being used by a mining company.
As under US sanctions Iran cannot use US Dollars as a currency for foreign operations, the move looks rational and expected. Moreover, the government of Venezuela has also previously expressed plans to use privately issued cryptocurrencies on state level. We in Ternion assume such practice of using cryptocurrency in order to negate possible economic obstacles on the highest levels will only expand in the future.

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This Thursday, Bitcoin has surged above the $15000 mark for the first time since January 2018. About $1000 in price was added just within a day. Ethereum and a range of other altcoins have also grown.
We in Ternion are hoping that positive tendencies on markets continue; meanwhile, our team is always working to provide fastest services to safely trade cryptos with lowest fees.

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A latest research by “Grayscale Investments” discovered that 55% of the US investors expressed their willingness to invest in Bitcoin.This is a surge since last year, when 36% of respondents rated Bitcoin positively. Besides, 83% of people who showed interest in Bitcoin already invested this year, citing COVID-19 pandemic as one of the defining factors. The share of respondents acquainted to Bitcoin also grew, reaching 62% this summer.
This is a definite expression of the currently present trend we in Ternion have covered earlier on multiple occasions, including the fact that potential investors reasonably rate Bitcoin and cryptocurrencies as a “safe haven” asset during a financial crisis.

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“Villanova University College of Engineering”, in partnership with “Teachers in Space”, has announced the “Serenity” educational satellite. It will be the first to use Ethereum-based blockchain for inter-satellite communication on Earth orbit without ground stations’ involvement. The first ever blockchain-based communication is set to happen after the “Firefly Aerospace Alpha” launch on November 20th, and the vehicle is booked for 30 days of experiment.
We in Ternion are enthusiastically awaiting the result. The potential of blockchain in space appears to be huge, and it might open a whole new chapter in space exploration.

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The Central Bank of Kenya (CBK) has started discussions regarding possible CBDC with other central banks, the CBK Governor Patrick Njoroge recently shared. Due to a variety of private coins already existing, the government feels “left out” already, thus needing to catch up on CBDC, he explained. As CBDC would require further research with risk concerns in mind, technology behind private cryptocurrencies, Bitcoin in particular, is “inspirational” for them while approaching the project.
As lots of African users already invest in cryptocurrency, we in Ternion assume it was only a matter of time when local governments pay attention to crypto and start developing their own CBDCs.

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Ternion Exchange

Ternion Exchange

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Ternion is a Comprehensive Trading Solution for the Individual Cryptocurrency Trader, Providing Crypto-to-Fiat, Fiat-to-Crypto, and Crypto-to-Crypto Trading