Simply put, A non-fungible token (NFT) is a one of a kind asset that is stored online and is managed in a digital ledger — called a blockchain. This certifies a digital asset to be unique and not interchangeable. So even though it exists online, the asset can’t easily and endlessly be duplicated.
A distributed ledger is a dynamic form of media, it enables us to secure and formalise new kinds of relationships in the digital world. There are several advantages to using DLTs, one being they have an immutable database, all information is stored and cannot be erased thanks to their use of blockchain technology. Read on to find out more about the history of distributed ledger technology and how they are currently used in the digital world as we know it.
Blockchain: you’ll come across this word a lot when you are reading anything about DLTs and digital assets. To understand…
Maxwell State Bank is a fintech bank and VISA Principal Member established circa 1943 in Iowa. With total assets of $29,655,000 and deposits of $25,058,000 Maxwell has been FDIC certified since 1943 for insured deposits. Maxwell was acquired by serial fintech entrepreneur Ronald Ingram, founder of multi-billion dollar fintech programs and companies. He has ambitious plans to make this bank the most secure and future-proof bank in America by expanding their services. He plans to achieve this by working with fintech leaders in cybersecurity, cryptography, tokenization and private/public key infrastructure companies.
Baanx has rapidly become a market leader in secure…
Plus, we’re giving away BXX rewards for best questions so get your thinking caps on!
Date and time: September 6 2021 @ 3pm BST
Where: Baanx BXX Telegram channel
Fav, Retweet and drop your Twitter questions in this twitter thread.
Or ask your questions Live in Telegram chat during the AMA.
$200 worth of BXX to give away in the session!
⚠️Total Reward pool: 500$
We will have the following structure:
Part 1️⃣: $100 /6 users — We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website — please submit your questions in the comments section of this post.
Part 2️⃣: $100/10 users — Open chat for 120 seconds. You can post Max 3 questions. Baanx Team will select 10 questions and answer them.
We have a double whammy of announcements today. Baanx is ecstatic to announce that BXX deposits and withdrawals are now available to anyone using the Baanx App. As well as this amazing news we have added the Staking feature to our app.
Before going into the details of the changes and additions let us tell you a bit about us at Baanx. Baanx is an ambitous fintech company working to develop a platform that bridges the worlds of fiat currency and digital assets that delivers lower costs, more flexibility, and a seamless customer experience. We work with global digital asset…
In 2013, the People’s Bank of China (PBOC) banned financial institutions from handling Bitcoin transactions. In 2017, they further banned initial coin offerings (ICO) and domestic digital asset exchanges. In an attempt to crack down on ICOs, the PBOC ordered exchange platforms that traded digital assets (or provided facilitation services) to shut down.
The reasoning behind these actions is that the PBOC described ICOs financing as public financing without approval, which is illegal in Chinese law.
In September 2017, government agencies came together and issued the notice regarding the prevention of risks of token offerings and financing. This notice banned…
If you’re looking into investing your money into online digital assets, you have come to the right place. Let’s discuss the top digital exchange services that allow you to change your currencies into digitised assets so you can invest, sell and exchange.
In 1971, the mass production of computers was just beginning; now we have online currencies that allow you to do everything you would at a bank but with online intermediaries. Online trading has become widely embraced within our current today society. …
Vitalik Buterin is a Russian-Canadian programmer from Toronto, he was introduced to the world of digital assets and Bitcoin in 2011. At first, he wasn’t interested in developing a competing digital asset. But, he decided to take a second look as he became interested in how decentralised payment systems work.
He co-founded the online news website Bitcoin Magazine in September 2011 whilst he attended college. It was during this time he became more of an expert in digital assets. In fact, he has written many articles on the matter.
In May 2013, Buterin attended a Bitcoin conference, after this he…
Well, R3CEV, a consortium effort financed by some of the world’s largest banks, is busy trying to answer this question. Many startups have produced white papers concerning their particular innovation or use of blockchain technology all harbouring the most frequently asked question among us “How will things change?”
Here are the six ways blockchain technology is revolutionising finance:
The digital age has not yet evolved to cross border transactions. Western Union, a big name, is running the same business they always have been. Banks continue to exercise a complex infrastructure for simple transactions, such as sending money abroad.