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Trade.io’s Native Token to Be Accepted as Payment Method by Leading Forex Broker FXPRIMUS


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Trade.io Announces Deal with FXPRIMUS

Trade.io, a blockchain-enabled finance platform, is announcing that a leading forex broker will be officially accepting its native token, TIO, as a payment method. This is huge for the community surrounding the project as it gives them access to over 120 tradable Instruments.
The broker, FXPRIMUS, will offer Instruments such as forex pairs, commodities, stocks and indices that will significantly increase the utility of the token for token holders. Indeed, the acceptance of TIO will surely act as an added value service by helping to bridge the gap between traditional finance and crypto in general.
CEO of trade.io Jim Preissler commented on the deal with FXPRIMUS, explaining the impact it will have on the TIO community :

“One of our many initiatives is to continue to bring utility to TIO. By offering it as a method of deposit to such an industry leader as FXPRIMUS, will allow TIO Holders to experience the excitement of FX & CFD trading. This development also has the potential to significantly increase the size of the TIO community, as we’re exposing TIO to an entirely different asset class.”

This move doesn’t just benefit the loyal TIO holders as it will also act as an entry point to cryptocurrencies to the traditional investor trading on FXPRIMUS. These benefits were clear to the trading community who put pressure on the broker to accept the TIO token in the first place.

It is part of TIO’s nature to allow for frictionless trading given that it is a cryptocurrency fueled by blockchain tech. Thus, it will necessarily allow for relatively cheap transaction fees and instant payment settlements — acting as an automatic clearing house.

Announcement follows Integration of BTV DApp

This announcement follows successful integration of trade.io’s BTV DApp (Blockchain Trade Verifier) to FXPRIMUS in January of this year.
This particular feature of Trade.io allows users to verify every transaction executed on a broker trading platform via a blockchain. In simple terms, BTV offers a method for clients to ensure the data being displayed by your broker has not been tampered with and is 100% transparent.

Thus, it is a solution to asymmetric information that gives users an improved ability to keep their broker platforms accountable and keep a close eye on prices and price discovery.
Furthermore, BTV has a user-friendly interface that helps people to quickly assess their trades and delve into the nitty gritty details of each one ever performed. This obviously improves the current situation as this degree of transparency is unprecedented among Forex brokers.

About Trade.io

Trade.io is a financial institution fueled by blockchain technology that uses its native token, TOI, to pay for services on the network. Along with TIO, it also offers an exchange platform, the Trade.io Exchange — which is the startup’s flagship product.

Additionally, it also offers other services such as token sale consulting services and an angel investment program, with the former being highly demanded according to the startup’s official press release.

Furthermore, Trade.io successfully completed its token sale in January 2018 and raised over 31 million USD from loyal participants and community members who want greater transparency in the financial markets.

Visit the Website: https://trade.io/

Chat on Telegram: https://t.me/TradeToken

Connect on Twitter: https://twitter.com/tradetoken?lang=en

Connect on Facebook: https://www.facebook.com/trade.io/?_rdc=2&_rdr

Meet the team: https://www.linkedin.com/company/trade-io/

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FBI: “Call of Duty” Players Remotely Stole $3.3 Million in Cryptocurrencies

A group of “Call of Duty” players from Indiana are accused of stealing more than $3 million in cryptocurrencies after coercing an Illinois man to aid them in remotely hacking unsecured crypto wallets on more than 100 cell phones. Man Coerced Into Hack After SWATing Incident The episode began in Bloomington, Illinois, where a local man told the FBI he met the members of the would-be group of cybercriminals online playing Call of Duty. In the simulated warfare game, players are able to communicate with each other in real-time and with relative privacy. The group, based out of Dolton, Indiana, allegedly coerced the man from Bloomington into working for them using an intimidation tactic called “SWATing,” a nefarious, illegal, and dangerous phenomenon that has become increasingly popular in online gaming communities. SWATing is when police are called with a false report of a violent crime at someone’s home, which prompts a response from a SWAT team — oftentimes leading to door breaches, gunfire, and even the accidental deaths of unknowing victims. It’s often used as a decidedly dark method of payback, or, as in this case, to intimidate or threaten an individual. Afraid of further retaliation the man succumbed to the hacker’s requests, to which they handed over names, phone numbers, and other information that permitted him to remotely access the cell phones of their victims. According to the FBI affidavit, the man admitted to taking over the cell phones of more than 100 people. Once the group took over a phone, they were able to hack into a victim’s cryptocurrency account and drain their funds. The group is suspected of stealing at least $3.3 million in various cryptocurrency, including about $805,000 in Augur’s Reputation Tokens, according to the FBI. The suspects then allegedly moved stolen tokens through cryptocurrency networks, such as Ether or Bitcoin, to their own digital wallets. As of yet, the Chicago Sun-Times isn’t naming the suspects identified in the affidavit because they don’t appear to have been charged with any crimes. In an online interview the Bloomington man proclaimed his innocence — even going as far as to say that considers himself a victim: “I have done nothing but cooperate with Augur and the FBI,” he said. “I have never once profited from anyone [by] crypto-hacking, ever.” Crypto Thefts in First Half of 2018 Total Over $1.1 Billion According to recent study from cybersecurity firm Carbon Black, the total amount of cryptocurrency that has been stolen through cybercrime this year alone is over $1.1 billion — primarily through ransomware and exchange hacks. The firm’s report claims that many criminals are using the dark web to appropriate cryptocurrency from their victims, estimating that there are over 12,000 marketplaces with almost three times that number of crypto theft listings between them. Rick McElroy, security strategist at Carbon Black, spoke on the trend, noting how easy it is for cybercriminals to operate these days: “It’s surprising just how easy it is without any tech skill to commit cybercrimes like ransomware… It’s not always these large nefarious groups, it’s in anybody’s hands.” Part of the reason for this is the accessibility and user-friendliness of the tools of the trade. McElroy said that certain pieces of malware even come with customer service to aid would-be cybercriminals, adding that the malicious software costs an average of $224 but can be picked up for as little as $1.04. Many of the attacks against crypto users, companies, and exchanges originate from an organized group of criminals like those out of Indiana, however, McElroy says, they’re just as likely to be the product of a trained engineer who is out of work: “You have nations that are teaching coding, but there’s no jobs… It could just be two people in Romania needing to pay rent.” Image from Shutterstock The post FBI: “Call of Duty” Players Remotely Stole $3.3 Million in Cryptocurrencies appeared first on NewsBTC.

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