ALPEX Weekly Newsletter (October Week 1)
Latest news and updates from ALPEX, a leader in digital asset trading!
Welcome to the ALPEX newsletter, your resource for the latest important updates from the leader in digital asset and derivatives trading!
ALPEX is dedicated to providing the world’s most secure, stable, and reliable digital asset trading platform, built around currency trading, over-the-counter (OTC) trading, perpetual contract trading, financial derivatives, and much more. ALPEX is the preferred digital asset trading platform for millions of users worldwide and the first choice for both professional and first-time traders in over 150 countries.
Our week was once again riveting, as TikTok launched its maker-led collection. US Positive’s announcement of a Universal Payment Channel and Visa’s search for cross-chain interoperability should be considered positive moves for the cryptocurrency industry, especially coming just days after Pennsylvania senator Pat Toomey expressed concern about China’s crackdown on crypto. Our weekly newsletter includes all this and much more.
A new collection of NFTs called TikTok Top Moments has been announced by TikTok that is inspired by its top creators and that the NFTs will be used to empower more creators. In TikTok’s announcement, creators will be rewarded and acknowledged for their content, and fans will own culturally significant moments through TikTok NFTs. Additionally, the NFTs will be issued on the Ethereum blockchain via Immutable X, a layer 2 for NFTs on Ethereum that allows for cheaper transactions. Six ‘culturally significant’ TikTok videos selected by the TikTok Top Moments will feature celebrities and creators such as Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Gary Vaynerchuck, and more.
As part of its crypto payments hub launch, Visa will provide interoperability between different blockchain networks and payment channels to make digital assets more accessible. A paper published by Visa outlines a universal hub for the integration of stablecoins and central bank digital currencies in the future. Various blockchains and digital currency platforms will be connected through the Universal Payment Channels (UPC) protocol, allowing users to exchange funds between them. The UPC aims to address one of the biggest challenges facing digital asset adoption: cross-chain interoperability. Also, Visa has begun testing the UPC on Ethereum’s Ropsten Testnet.
In an announcement on Twitter Tuesday, El Salvador’s President Nayib Bukele announced the country had taken steps towards getting its bitcoin volcano project up and running. Bukele announced the start of the project in a few words and released a video showing an energy factory surrounded by a forest near a volcano.
Coinbase will soon offer direct deposits of paychecks as cryptocurrencies to its customers so crypto traders can earn more income. It will offer users the option of depositing a percentage of their paychecks into their digital wallets by choosing USD or a cryptocurrency of their choice. As of now, Coinbase only offers the service to users in the United States, and there are no plans for it to be added globally. Besides allowing paycheck deposits, the company also announced it is expanding its crypto-trader Visa debit card. Later this fall, Coinbase customers in the U.S. will be able to get the card, which will enable you to spend USD and various cryptocurrencies and earn rewards in the latter. As of now, cardholders can earn 1% in ETH, BTC, and DOGE, or 4% in GRT or XLM, but they’ll soon also be able to earn 1% in DAI, or 4% in AMP and RLY.
The Chinese government intensified its crackdown on cryptocurrency-related activities, so Alibaba Group Holding no longer allows the sale of cryptocurrency mining equipment on its wholesale platforms. After October 15, any sellers who continue to offer the banned products will be penalized, according to the company. Accounts and stores will be blocked, and accounts may even be closed.
In contrast to China’s hostile stance against the cryptocurrency industry with outright bans, the United States seems to take a more open-minded stance. According to Fed Chair Jerome Powell, cryptocurrency will not be banned in the United States. Could we be in for even more favorable news? A US congressman asked whether cryptocurrencies could replace gold as the nation’s gold standard after Fed Chair Jerome Powell pledged no prohibition of the use of digital assets.
Stay tuned to our upcoming weekly newsletter for more interesting pivotal moments in the world of blockchain and cryptocurrencies.
Key developments this week included:
1. Added a module for the total daily profit of contract transactions.
2. The number of characters in the text for real-name authentication and payment methods has been increased to 64.
3. Fixed the BUG of the PC carousel deformation
Further developments planned for the next week:
1. To add the full-position mode to contract transactions.
2. To add the multiple audit functions for hot wallets for foreign currency withdrawals.
3. To add information about BFT redemption orders’ payment methods.
4. To FIX currency exchange transaction support.
In marketing news: A vulnerability in Compound, a decentralized lending protocol, could result in bad debts of up to $80 million. The Compound code protocol creates a vulnerability that could allow some users to obtain up to 280,000 COMP tokens with a maximum value of $80 million by implementing Update Proposal 062
Further, Twitter users can use bitcoin for the reward feature, and they will soon be able to choose NFT as their avatar. Bitcoin is still being promoted by Twitter as the social network’s token of choice over other token types like Ether.
In an update from the marketing department, ALPEX is proud to welcome Berna to its editorial department. She has experience in blockchain media editing and has contributed to the compilation of five white papers. Berna is a content specialist who manages all types of content including whitepapers, social media posts, technical analysis, and crypto price prediction. Her unique expertise will help ALPEX produce more high-quality English content.
Lastly, several aspects of the ALPEX training plan have been developed. As part of Mr. Pekka’s internal training program, he has also extended external training resources and introduced Vesa, an NFT artist, to ALPEX’s popular science program.
Social Media Updates:
Twitter:4,498 followers: 27 likes
Facebook:11,596 followers: 11,097 likes
LinkedIn: 10,776 followers: 291 likes
Instagram:11,275 followers :25 likes
EN and CN Telegram Community: EN followers:2,050 , CN followers:9,901
EN and CN Telegram Announcement: EN followers:1,565 , CN followers: 2,008
News from ALPEX members:
ALPEX customer service staff communicates effectively with customers and handles difficult problems efficiently. These are some of the questions users asked this week:
1. How do I apply to become one of your agencies?
RE: Dear ALPEX User, A “contract agency” cooperation plan has not been launched by the exchange. We encourage you to keep an eye on our official website. If there are any updates, it will be announced on our website. Our official website is as follows:
2. Why hasn’t the deposit been credited to my account yet?
RE: Dear ALPEX User, By providing your UID, we can track the progress of your withdrawal. Thank you for your cooperation.
3. Why are my contract orders automatically closed before my take profit point is reached?
RE: Dear ALPEX User, Our platform determines the mark price at the opening, closing, and liquidation points. In the current market, the marked price is generally recognized as being stable. It is a price that prevents users from inserting pins caused by short-term transaction depth in the market and resulting in user losses.
4. What is the payment method setup process?
RE: Dear ALPEX User, When you click the [Fiat currency transaction] button on the APP homepage to enter the fiat currency transaction page, click […] (three dots button) on the upper right, and select [Receive payment in the drop-down box Method] Submit application settings.
5. Are margin credits available?
RE: Dear ALPEX User, Currently, the margin credit mechanisms of our platform have been disabled, but you can still access the official website by clicking the link below:
Please subscribe to the official ALPEX announcement and learn more about the reward mechanisms.
6. Is there a time limit for withdrawals?
RE: Dear ALPEX User, Every day, between 2pm and 8pm Beijing time, we cannot withdraw for 6 hours.
7. How do I deposit in a fiat currency transaction?
RE: Dear ALPEX User, You can complete your deposit by logging in to our official platform, clicking [Fiat currency transaction], entering the currency quantity or amount, and following the pop-up instructions.
8. Is your platform secure and compliant?
RE: Dear ALPEX User, As one of the world’s leading companies, ALPEX has been actively cooperating with national legislation in various countries, promoting global compliance development, as well as developing blockchain technology innovation and digital technology development. Our company has obtained financial service licenses from Canada, the Philippines, and St. Vincent. Feel free to register.
9. What is the official website?
RE: Dear ALPEX User, ALPEX’s official website is https://www.alpexmax.com/
10. How do I check the revenue from a contract?
RE: Dear ALPEX User, You can check it by clicking the [contract] icon in the upper right corner of the platform.
Lastly, users with other questions can log into the ALPEX official website and mobile app to find answers in the “Help Center” section. Please send us an email at firstname.lastname@example.org if your questions are not answered on the page to consult our customer service staff.
ALPEX Team Update
Our strategy for growth and talent acquisition continues. In the last week, we have again been busy on-boarding new team members, although we still have many more vacancies to fill.
If you would like to be part of the future of digital asset trading, then we would love to hear from you. Just send your CV, along with a covering letter to:
Thank you for reading our latest newsletter and for continuing to be a part of the ALPEX family. We look forward to bringing you more important updates again next week!
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