Moonstake will support the staking of Orb’s official token on Moonstake Wallet.

Moonstake has signed a memorandum of understanding with Orbs, a hybrid blockchain infrastructure with enterprise-grade scale, security, and support.

Through this collaboration, Moonstake will soon support the staking of ORBS, Orbs' official token, on Moonstake Wallet, as well as participate further in the Orbs blockchain ecosystem.

The parties will also host community building programs, research, training, events, and conferences with the goal to increase awareness and adoption of blockchain and distributed ledger technology in the banking and finance industry.

Moonstake started in the staking business last year with the aim to create the largest staking network in Asia. Since then, Moonstake has developed the most user-friendly wallets for both web wallet and mobile wallet (iOS/Android) that are compatible with over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach around $1.076b (US$800m) in staked assets in six months.

Meanwhile, Orbs is a prominent hybrid network with a focus on converting businesses to blockchain. The company has partnered with industry leaders from both traditional and decentralised technology sectors, such as IBM and Consensys respectively, to bring blockchain to the field of telecommunications.

"We are very pleased to be a partner with Orbs, the biggest blockchain company in Israel. Moonstake provides easy access for staking globally. Together, we can accelerate global awareness and adoption of blockchain technology for both users and businesses," said Mitsuru Tezuka, founder of Moonstake.  

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HomiEx will launch ORBS/USDT trading pair at 15:00:00, on 12 May 2021 (GMT+8). Please refer to the deposit and withdrawal schedule below:

Deposit opens: 15:00:00, 11 May 2021 (GMT+8)

Withdrawal opens: 15:00:00, 11 May 2021 (GMT+8)

Trading time: 15:00:00, 12 May 2021 (GMT+8)

About ORBS (Orbs Network)

Orbs is a public blockchain infrastructure designed for mass usage applications and providing a complete blockchain stack and committed to advance the process of decentralization by involving even more developers and teams in the development of the Orbs ecosystem. Orbs is more similar to the cloud computing providers like Alibaba cloud and AWS, but providing blockchain infrastructure services for decentralized APPs instead of centralized APPs.

Project Introduction: ORBS (Orbs Network)

Website: https://www.orbs.com/

Block >Risk Warning

Risk Warning: Investing in cryptocurrency is akin to be a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. HomiEx attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. HomiEx is not liable for investment gains or e

NewsBTC reports the Israeli ORBS token is getting added to the Binance smart chain (BSC) where previous operations on Ethereum, leaders say, resulted in high gas fees.

Binance smart chain has been hailed for its cheap transactions and scalability, NewsBTC reports. It’s been seen as a go-to for various parties looking to get connected to some of the biggest on-ramps in the cryptocurrency world. From the very beginning, the connection of national fiat currencies to a thriving crypto model has been part of what made the efforts of Changpeng Zhao and others successful in promoting Binance as a major player in fintech.

NewsBTC also notes that Binance coin has become the third largest crypto coin after Bitcoin and Ethereum. Up until this past year, that position had been held by Ripple with its XRP token. However, after SEC legal challenges, Ripple came under incredible downward pressure and XRP was delisted from various platforms. Although many analysts agree that Ripple now seems to be winning the war against the SEC, it seems that in the meantime, Binance has crept up to third place.

“Binance is the world’s most popular cryptocurrency exchange,” writes IB at Blocks Decoded. “Its rise has been meteoric; in less than two years, it went from being a tiny start-up to the largest exchange on the planet in terms of trading volume. The founder and CEO of Binance—Changpeng Zhao—is one of the most well-known faces in the crypto world. Given the organization he’s running, that’s no surprise. A delve into CZ’s past, however, reveal that he lived through a perfect set of experiences to ready him for the launch of Binance.”

Look out for BNB, BSC and the rest of the Binance infrastructure in emerging fintech plays.

[Blockchain Today Reporter Seung-won Jeong] On the 16th (local time), a new name rose to the top 100 in the market cap of cryptocurrency. Project Orbs (ORBS), a blockchain company that achieved a weekly growth rate of 700% after recording a 75% surge for a week, is the protagonist.

According to Cointelegraph reports, the day before Orbs was announced as Moonstake’s latest staking wallet. In an announcement on the 15th, Orbs and Moonsteak announced that “the partnership between the two companies will increase the adoption of blockchain technology in the banking and financial industries.”

According to CoinMarketCap’s data, ORBS token price rose 75% over 24 hours from the initial $0.168 range to a new all-time high of $0.295.

The Orbs broke their highs throughout the week, surpassing the previous high of $0.04, a 704% growth rate. On this day, three of the token’s five major markets came from trading pairs for the Korean won.

Orbs, headquartered in Israel in 2017, is focused on building a public decentralized blockchain infrastructure for use by businesses and enterprises. Daniel Peled, co-founder and CEO of Orbs, said, “The partnership with Moonsteak will bring more businesses to the blockchain in Southeast Asia and the Middle East.”

Moonstake is known to have paid proof-of-stake rewards to eight cryptocurrencies since its launch in the third quarter of 2020, and introduced a staked coin of $800 million.

Orbs (ORBS) is at the 104th place, down 18.94% from the previous day based on coin market cap as of 3 p.m. on the 17th (Korean time).

[email protected]

Moonstake Partners with Hybrid Enterprise-Grade Blockchain Orbs to Soon Provide Full-Scale Support for Orbs Universe ACN Newswire   {{following ? "Following" : "Follow"}} March 16, 2021 2:30am   Comments Share: SINGAPORE, Mar 16, 2021 - (ACN Newswire) - Moonstake announces today that it has signed an MOU with Orbs, a hybrid blockchain infrastructure with enterprise-grade scale, security, and support.Through this collaboration, Moonstake will soon support the staking of ORBS, Orbs' official token, on Moonstake Wallet, as well as participate further in the Orbs blockchain ecosystem. The two parties will also host community building programs, research, training, events, and conferences with the goal to increase awareness and adoption of Blockchain and Distributed Ledger Technology in the Banking and Finance Industry. Moonstake and Orbs will discuss further potential provision of consulting services to financial institutions in the regions of Southeast Asia and Middle East.Moonstake started in the staking business last year with the aim to create the largest staking network in Asia. Since then, Moonstake has developed the most user-friendly wallets for both Web Wallet and Mobile Wallet (iOS/Android) that are compatible with over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach USD 800 Million in staked assets in 6 months. Within a year of its founding, Moonstake became ranked in the top 10 of the world's staking service providers and it continues to expand its business strongly.Meanwhile, Orbs is a prominent hybrid network with a focus on converting businesses to blockchain. The company has partnered with industry leaders from both traditional and decentralized technology sectors, such as IBM and Consensys respectively, to bring blockchain to the field of telecommunications. ORBS, the native token that fuels all activities on the Orbs blockchain including smart contracts, transaction fees, and consensus-based storage is currently ranked #5 in the Top 10 trending crypto coins by CryptoCrunchApp. Orbs' vision is to build digital trust at scale by turning the trust-enabling technology of blockchain into a viable competitive strategy for businesses worldwide. By entering into a strategic partnership with Moonstake, the two companies can collaborate to accelerate global awareness and adoption of blockchain and distributed ledger technologies in the field of finance together.Mitsuru Tezuka, Founder at Moonstake says: "We are very pleased to be a partner with Orbs, the biggest blockchain company in Israel. Moonstake provides easy access for staking globally. Together, we can accelerate global awareness and adoption of blockchain technology for both users and businesses."Daniel Peled, Co-founder and CEO at Orbs says: "Orbs is thrilled to be partnered with Moonstake, one of the top 10 staking providers in the world. Through this partnership, we will accelerate the adoption of decentralized technologies and services in the field of finance for the Southeast Asia and the Middle Eastern market."About MoonstakeMoonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies. Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 800 Million. https://www.moonstake.io/About OrbsOrbs is a free, open-source, public blockchain infrastructure designed for mass usage applications, providing enterprise-grade scale, security and support. Orbs blockchain network expands the offerings of public blockchains by supporting permissioned applications developed by existing for-profit businesses, while also supporting purely decentralized apps and being a prime platform for launching decentralized finance applications. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, London, UK, Singapore, and Seoul, South Korea. Orbs was named Gartner's "Cool Vendor in Blockchain Technology" for 2018. https://www.orbs.com/Source: MoonstakeCopyright 2021 ACN Newswire. All rights reserved. View Comments and Join the Discussion!   View the discussion thread.

[PRESS RELEASE – Tel Aviv, Israel, 13th May 2021]

Orbs, the project at the nexus of enterprise and DeFi, is integrating with tamper-proof Chainlink Price Feeds oracles to secure its unique single-sided exposure yield generation protocol, the Liquidity Nexus.

Liquidity Nexus is the DeFi protocol that lets different counterparties split the potential rewards, as well as the risks from impermanent loss when providing liquidity on Automated Market Maker (AMM) exchanges like Uniswap. Normally, most farming incentives rely on pool tokens, which require users to divide their capital into two separate assets, for example, Ether and USDC. Such exposure profiles force ETH holders to sell a portion of their assets to enter the pool, thus potentially missing out on more than half of the gains they would have if they simply held onto the Ether. At the same time, many asset managers prefer remaining exposed only to USD and collect a safe and predictable yield, but the pool token mechanism leaves them unable to do so.

The Liquidity Nexus matches crypto bulls with USD holders to clearly separate the risks. Crypto holders remain fully exposed to their assets, while USD liquidity providers do not take undesirable crypto exposure. The combined pool of funds is then sent into the AMM pools to earn yield by facilitating cryptocurrency swaps.

Due to the mechanism of impermanent loss, there could be situations in which one party’s crypto exposure changes as the price of the asset moves. Since this is an expected phenomenon, Liquidity Nexus is set up so that cryptocurrency holders bear the brunt of the impermanent loss while collecting a larger portion of the yield. Due to the benefits of single-sided exposure, impermanent loss is unlikely to make a deeper cut into their profits than the alternative of splitting their assets before providing liquidity.

Price manipulation attacks can nonetheless create serious issues for the Liquidity Nexus system, creating situations where one side of the pool may be drained due to very sudden and sharp drops or rises of an asset’s price. These types of attacks have resulted in tens of millions of dollars in losses for DeFi protocols relying on single-source oracles. Facilitated by flash loans, an unlimited instant loan, malicious actors easily manipulated some individual markets that oracles relied on to find pricing data on assets to steal funds.

Chainlink is the leading oracle provider that effectively protects against market manipulation by aggregating from hundreds of data sources. Attacks on a particular DEX do not affect Chainlink, as it has countless other CEXs and DEXs to read accurate data from. No protocol using Chainlink has seen a flash loan-based exploit so far.

“The Liquidity Nexus is a revolutionary idea for DeFi, creating a platform of risk tranching that clearly divides risks between USD and crypto holders,” said Daniel Peled, founder of Orbs. “We wanted to mitigate the vulnerability to oracle attacks, which wreaked havoc to the DeFi ecosystem. We are excited to announce the integration with Chainlink, a proven oracle network, to eliminate this dangerous attack pathway for the Liquidity Nexus.”

Orbs is a public blockchain infrastructure designed for mass usage applications – offering developers a proper mix of performance, cost, security, and ease of use. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, Singapore, Tokyo Japan, and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018 Orbs has been particularly active in the DeFi space and is heavily involved in funding and supporting upstart DeFi projects, both through an in-house Grants program and the DeFi.org accelerator, launched in 2021 as the result of a collaboration with Binance, with its latest push into DeFi space being launch of the Liquidity Nexus, has been launch of the Liquidity Nexus.

Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts.

Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others. Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds.

Source

Production ready environment, built entirely from new code, is the first to leverage requirement driven approach to enable real business value on the blockchainOrbs, the hybrid blockchain, announced today that the Orbs token (ORBS) has been listed on Bittrex International.The listing follows the release of the project’s enterprise-grade public blockchain in late March. The project is the first blockchain to address fundamental issues of performance and interoperability alongside the needs for true decentralization.“Following the launch of our production ready environment, we are excited to take this next step in bringing the project forward,” said Daniel Peled, Orbs President and Co-Founder. “Partnering with Bittrex International will help us better bring developers and businesses the support and product to fulfill the potential of the technology.”Bittrex International operates a secure, reliable and advanced digital asset platform built on Bittrex’s cutting-edge trading technology. Our mission is to be a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world. This international trading platform operates within the regulatory framework established by the European Union and Maltese Government, including the Malta Virtual Financial Assets Act. The company will apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange. Learn more at https://International.Bittrex.com.Sign up for the Orbs newsletter to get project updates.Get the latest developments straight to your inbox.Get the news that matters to blockchain businesses. Curated, analyzed & in your inbox.

Liquidity Nexus is the DeFi protocol that lets different counterparties split the potential rewards, as well as the risks from impermanent loss, when providing liquidity on automated market maker (AMM) exchanges like Uniswap. Normally, most farming incentives rely on pool tokens, which require users to divide their capital into two separate assets –  for example, Ether and USDC.

Such exposure profiles force ETH holders to sell a portion of their assets to enter the pool, thus potentially missing out on more than half of the gains they would have if they simply held onto the Ether. At the same time, many asset managers prefer remaining exposed only to USD and collect a safe and predictable yield, but the pool token mechanism leaves them unable to do so.

The Liquidity Nexus matches crypto bulls with USD holders to clearly separate the risks. Crypto holders remain fully exposed to their asset, while USD liquidity providers do not take undesirable crypto exposure. The combined pool of funds is then sent into the AMM pools to earn yield by facilitating cryptocurrency swaps.

Due to the mechanism of impermanent loss, there could be situations in which one party’s crypto exposure changes as the price of the asset moves. Since this is an expected phenomenon, Liquidity Nexus is set up so that cryptocurrency holders bear the brunt of the impermanent loss while collecting a larger portion of the yield. Due to the benefits of single-sided exposure, impermanent loss is unlikely to make a deeper cut into their profits than the alternative of splitting their assets before providing liquidity.

Price manipulation attacks can nonetheless cause serious issues for the Liquidity Nexus system, creating situations where one side of the pool may be drained due to very sudden and sharp drops or rises of an asset’s price. These types of attacks have resulted in tens of millions of dollars in losses for DeFi protocols relying on single-source oracles. Facilitated by flash loans, an unlimited instant loan, malicious actors easily manipulated some individual markets that oracles relied on to find pricing data on assets to steal funds.

Chainlink is the leading oracle provider that effectively protects against market manipulation by aggregating from hundreds of data sources. Attacks on a particular DEX do not affect Chainlink as it has countless other CEXs and DEXs to read accurate data from. No protocol using Chainlink has seen a flash loan-based exploit so far.

Daniel Peled, founder of Orbs, said,

“The Liquidity Nexus is a revolutionary idea for DeFi, creating a platform of risk tranching that clearly divides risks between USD and crypto holders. We wanted to mitigate the vulnerability to oracle attacks, which wreaked havoc on the DeFi ecosystem. We are excited to announce the integration with Chainlink, a proven oracle network, to eliminate this dangerous attack pathway for the Liquidity Nexus.”

Orbs is a public blockchain infrastructure designed for mass usage applications –  offering developers a proper mix of performance, cost, security and ease-of-use. The Orbs protocol is decentralized and executed by a public network of permissionless validators using proof-of-stake (PoS) consensus. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, Singapore, Tokyo, Japan and Seoul, South Korea. Orbs was named Gartner’s “cool vendor in blockchain technology” for 2018.

Orbs has been particularly active in the DeFi space and is heavily involved in funding and supporting upstart DeFi projects, both through an in-house grants program and the DeFi.org accelerator, launched in 2021 as the result of a collaboration with Binance, with its latest push into the DeFi space being the launch of the Liquidity Nexus.

For more information, please visit us here or join our communities below.

Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.

Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit here, subscribe to the Chainlink newsletter and follow along on Twitter.

HomepageFollowSign inGet startedBook of OrbsBlockedUnblockFollowFollowingYour blockchain digital asset collection book. Available on iOS: http://apple.co/2dz3uIR + Google Play: http://bit.ly/2dCUj 6jDec 13, 2016Project ORB update(Dec 13, 2016)We deliver to you the latest update for Project ORB. Even after the WILLCOIN sale started, we have been working hard to improve our service and add important features. We are also grateful for our users’ patience and continued support for the project.WILLCOIN sale progress so farSince the start of the WILLCOIN sale on Nov 28, we have sold more than 11,500 out of 20,000 WILLCOIN for sale. The sale continues until Dec 22nd and this is your chance to get Season 1 FoW cards early until the next FoW Season starts. Be sure to check the sale details here first if you are interested in buying some WILLCOIN.ORB fountain(ORB drawing) developmentFailed transactions and FWCFCCHARLOC card drawing bugEven though it is still in closed beta, we are amazed by the number of tester signups and the volume of transactions so far. There are constantly more than 300 drawings per day and FoW ORB trading on BoO has been very active as well.However, we still receive a lot of unreturned card transaction reports from our testers at the same time. Since the feature is still beta, this was somewhat expected but we are working to fix the root cause at this moment and plan to move it to public beta by the end of the year. Meanwhile, be assured all your reports are accounted for and you will receive your ORBs eventually although it may take up to 3 days or so.We have also noticed there was 1 FoW card (FWCFCCHARLOC) that had not been drawn at all from the fountain. We identified the issue and have already fixed it however we’d like to apologize for the confusion and frustration this error has caused for early testers.We have considered different ways to compensate for it but since no particular person benefited from this and also early testers ended up with a slightly better chance of drawing SoG compatible ORBs (elaborated later in this update), we decided not to take any action about it at this time. We apologize about the bug again and if you have any concerns or questions about it, please feel free to reach out to us anytime.Updating the UIIn order to better reflect the one confirmation wait time for WILLCOIN burn transactions, we have updated the ORB fountain UI. The next update to the BoO app will adopt ORB “egg” system where you have to wait for ORBs to transform(or “hatch”) into random FoW cards after your transactions get 1 confirmation on the blockchain.What’s new in the next BoO update?The update is expected to be rolled out sometime this week. This update includes changes such as followingToken fountain UI changeAs described above. New fountain UI to reflect the wait time better.Environment list viewNow you can select from different environments upon installation or from the menu. As we are likely adding more titles on BoO, users can choose and add their desired environments and customize the app. (The current titles available are SoG, FoW and rarepepe)Other bug fixes and improvementsWe have made a lot of small improvements to improve stability and user experience.Coming features for Project ORBHere are some of the features we are looking to add in the near future. We cannot set specific delivery dates for each but we hope this will give our users an idea of what to expect in the coming weeks.Force of Will Battle Simulator integrationThis feature has already been built and will become available when the FBS gets updated in the near future. You will be able to connect Book of Orbs with Battle Simulator with an easy QR code authentication scheme.Batch drawing featureCurrently, you can only draw one card from the ORB fountain each time. But we are going to add a batch drawing feature to enable drawing of 10 cards at one time. This way, you can save a lot in transaction fees as well as time.Better notification systemWe have already implemented a notification system to notify you when your dex orders have been matched. The feature is still a bit rough but in the coming weeks it will be improved and stabilized.Ledger Wallet Nano S integrationSecurity is the most important feature in the crypto space and we want to ensure the best security for our users. We are currently looking to integrate Ledger Wallet Nano S(hardware wallet) in our platform so that our users can secure their ORBs at the same time enjoy using our platform.UI improvementAlthough we have been receiving many positive reviews about the Book of Orbs interface and experience so far, there is still a lot of room for improvements. Especially, we are planning to overhaul the market page as well as other details to make it more intuitive and ready for mainstream users. We have been interviewing some users to get direct feedback in order to achieve this goal. If you are willing to help us improve the app, please reach out to us on email, slack(SoG or Counterparty official slack) or in any other channels.Takara campaignThe popular bitcoin and token geocaching app “takara” has released its Android version recently. It’s still beta according to the creator Mandelduck, but Project ORB is likely taking advantage of it and distribute some WILLCOIN and ORBs in the coming days. Look out for more information on Twitter about our special campaign!FoW and SoG ORB collaborationAs announced in the WILLCOIN sale details, some of the FoW ORBs will be playable in SoG as well. The compatible ORBs are as re details of this collaboration will be revealed by the SoG team later.Media coverageBitcoin Magazine covered Project ORB in these two articles e hope you will look forward to the exciting new features coming to Book of Orbs and we thank you again for your cooperation and support.BitcoinBlockchainCounterpartyOne clap, two clap, three clap, forty?By clapping more or less, you can signal to us which stories really stand out.BlockedUnblockFollowFollowingBook of OrbsYour blockchain digital asset collection book. Available on iOS: http://apple.co/2dz3uIR + Google Play: http://bit.ly/2dCUj 6jFollowProject ORB Official BlogLatest news and updates about Project ORBNever miss a story from Project ORB Official Blog, when you sign up for Medium. Learn moreNever miss a story from Project ORB Official BlogGet updatesGet updates .u-tintSpectrum .u-baseColor--placeholderNormal ::-webkit-input-placeholder {color: #93BCFF;} .u-tintSpectrum .u-baseColor--placeholderNormal ::-moz-placeholder {color: #93BCFF;} .u-tintSpectrum .u-baseColor--placeholderNormal :-ms-input-placeholder {color: #93BCFF;} .u-resetSpectrum .u-baseColor--placeholderNormal ::-webkit-input-placeholder {color: rgba(0, 0, 0, 0.2980392156862745);} .u-resetSpectrum .u-baseColor--placeholderNormal ::-moz-placeholder {color: rgba(0, 0, 0, 0.2980392156862745);} .u-resetSpectrum .u-baseColor--placeholderNormal :-ms-input-placeholder {color: rgba(0, 0, 0, 0.2980392156862745);}

Orbis is a company that aims to provide banking solutions based on Blockchain Technology to bring banking to the unbanked. Orbis is going to issue a price-stable coin, ORBS-utility coin, that will be used for transfers, payments, and savings and is going to be directly connected inside the digital wallet with Orbis security coins, coins backed by OrbisSolutions company shares. Also, Orbis will develop the mobile app, desktop software, Debit card, self-service ATM machines allowing their users to transfer, spend, withdraw, and invest fiat money or cryptocurrency in a fast way and without the middle man. Currently, there are more than 2 billion people that don’t have access to banks or don’t have enough money to deal with banks. However, among these 2 billion, there are a lot of them who owns mobile phones, and in 2009 when the first cryptocurrency Bitcoin has created, those people got an alternative way to send money all over the world using these digital coins. Although bitcoin and other similar cryptocurrency are solving the problem with unbanked people, still it is very hard to use it without previous knowledge. Orbis will develop a mobile app which will allow its users to transfer, invest and save their money, and receive credit or funding for their business without the need to go to the bank or other financial institution. Orbis AI VR customer service chat robot will help users by answering any question, allowing ordinary persons to use it. Orbis will make transaction extremely cheap and removes all entry barriers by removing third-party intermediary services. Also, Orbis aims to open physical branches all around the world and provide users with self-service ATM machines where they can make deposits, withdrawals, transfers, and payments. ORBIS decentralized Desktop/Mobile platform will allow users to save, transfer and invest their money or receive credit. Orbis Wallet – tokens have stored in a digital wallet that has built within the decentralized platform. It will allow their users to save, transfer, and invest their tokens. Orbis wallet will have a Transfer token account, an Investment token Account, an IBAN Fiat currencies Account and a Savings Account. Orbis Exchange – is a decentralized exchange that will be used for buying, selling Orbis coin and exchanging them to all FIAT currencies. ORBIS Token (ORBS) – is created in a limited supply of 8000.000.000.000 coins which price will start at 0.50€ ORBS token will be used to transfer funds safely not causing customers any money lost. ORBIS token that has used for transfers, payments, and savings has connected through the wallet with ORBISInvest token which is backed by companies shares. ORBIS Invest Token (ORBSi) has created in a limited supply of 240.000.000 tokens at a releasing price of 0.50€. ORBSi coin will be used by investors that want to earn from the coin appreciation on the cryptocurrency exchange market. It is going to be backed by the company shares. ORBIS debit card – Orbis will release an IBAN debit card that will be used by customers at Orbis Branches. Customers will be able to connect their own debit/credit card with a platform to make deposits and withdrawals to any bank account they want. ORBIS POS – Orbis will release wireless Point of Sale terminals which little businesses can use for their payments. ORBIS SAVINGS – Customers that want to save their money can do it by using virtual, anonymous, decentralized storage account that will give them 5% annual interest. Security – Platform will use blockchain World Identity Network system, ID card scanner, ID Verification, and debit/credit card check, SSL certificates, and 2FA authenticators. Customers deposits are going to be ensured by insurance companies. Mihail Tudoroiu is a CEO and founder of ORBIS. He holds a Master of Computer Applications at ESB Business School, Reutlingen University. Orsika Vitos is Operation director and project manager of ORBIS. Orsika is a marketing specialist, and she holds a Master’s degree in International Business at Babes-Bolyai University. Alexander Zamfiresku is a web developer in ORBIS. Currently, he is working as a lead web developer at la FAST. He has a Licentiate Degree in Management. For more information about the team and advisory board check here These are some of the competitors in Blockchain space: Humaniq is a startup that aims to build a secure transaction platform that will bring banking to unbanked people. They have built a mobile wallet for transacting and storing Humaniq Coins (HMQ). Bitwala is building a blockchain-driven bank. They will have some interesting features such as Bitwala debit card and a well-secured wallet. Also, all deposits up to 100,000 Euro has protected by the German Deposit Guarantee Scheme(DGS). BABB is a decentralized platform that aims to enable people to open a bank account and let them use peer to peer banking services. They will build a mobile app, secured wallet and decentralized payment card, Black Card, that is connecting directly to users BABB bank account. Bitcoin Diamond is a decentralized cryptocurrency that has a digital wallet BCD Pay where anyone can use to send or receive crypto payments in an easy and cheap way. It is designed to be easily accepted by merchants. The major competitors that are offering a centralized solution for transferring money are Western Union, Moneygram, and RiaMoney. Although Orbis has many competitors, none of them has such an original way of approaching service to its users as Orbis has. Orbis is building AI VR Customer service chat robots that will help everyone unfamiliar with cryptocurrencies to start using it. Also, they offer self-service Branches that will be franchised all over the world. Orbis is a people friendly project that intends to giveaway automatic produced QR codes from their future self-service machines to people from undeveloped countries. With these QR codes, they will be able to buy food and hygiene products from specific affiliated companies. In my opinion, this is a good way to attract people to start using cryptocurrency while helping them. Orbis has a solid team, but when I asked admins for the information that I need, I didn’t get any answers. Another complaint is that Orbis have not given a proper explanation of the application of the Blockchain technology, so I think they should have written the whitepaper in a more technical way. Lack of information in Whitepaper about Blockchain technology If you liked this articleplease click "Like!".ShareTweetFollow on Twetter ! 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JERUSALEM (Reuters) - Israeli blockchain startup Orbs said on Thursday it received an investment from Kakao Investment, the venture arm of South Korean internet conglomerate Kakao Corp. Orbs did not disclose the size of the investment. Kakao, South Korea’s largest messaging app operator, earlier this year said it would establish a unit focusing on blockchain technology. Orbs said the investment will help it further its development and growth and builds on its existing partnership with Kakao blockchain subsidiary Ground X, where the two companies have agreed to partner on blockchain applications and research and development projects. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.

Photo: Bloomberg, LIBOR, FX and now ISDAfix manipulation cases continue damaging big banks' balance sheetsShare this articleTelegramFinance Magnates Telegram ChannelIn 2019, Bitwise Asset Management published a report that shocked much of the crypto industry.In a presentation to the SEC, Bitwise alleged that “95% of Bitcoin trading volume is fake and/or non-economic in nature,” and that cryptocurrency exchanges were purposely manipulating data in order to attract traders to their platforms.The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets InnovationTwo years later, and both exchanges and market data reporting entities have cracked down on this particular type of market manipulation. It is still present but to a much lesser degree.Indeed, Bitcoin markets are still subject to this and other kinds of manipulation – some that may be even more insidious.Ilan Sterk, the VP of Trading & Capital Markets at Orbs Group and VP Trading & Business Development at Alef Bit Technologies, recently undertook extensive research on Bitcoin market manipulation. His findings? “I have learned that there are players in the crypto markets who purposely impact the price in order to make money from this action,” he told Finance Magnates. ”There Are Many Cases That May Be Suspected as Manipulation.”In other words, while Bitcoin markets may be somewhat free of manipulation on the exchange side, traders who hold large amounts of BTC may be playing the markets to their advantage, and no one seems to be taking meaningful action to get in their way.Ilan Sterk, VP of Trading & Capital Markets at Orbs Group and VP Trading & Business Development at Alef Bit Technologies.“As evidenced in my analysis, there are many cases that may be suspected as manipulation,” Ilan told Finance Magnates, referencing an analytical report he published in September. What does this manipulation look like? Essentially, these manipulative traders leverage their positions across a number of exchanges and a number of trading products: “it seems that the Bitcoin price is manipulated by sophisticated traders who use several exchanges (regulated and unregulated) in parallel to impact the Bitcoin price by buying or selling huge amounts of Bitcoin in the spot market,” he said.“They use this manipulative activity to make huge profits in the derivatives markets of the Futures or Options.”Evidence of Manipulation Was Present on Both Regulated and Non-regulated Crypto ExchangesFor a six-month period earlier this year, Ilan says that he “collected volume data on BTC prices from Tier 1 exchanges (regulated and unregulated) and also Futures data from different exchanges.”What Ilan found is that that regulation does not seem to deter Bitcoin manipulation. There was evidence of manipulation on both kinds of exchange. Importantly, Ilan wrote in his analysis that “I must emphasize that I don’t suspect that any of the exchanges that I collected the data from participated directly in the price manipulative patterns.”Still, “in all of the cases that I have reviewed, thousands of Bitcoin were bought or sold within minutes, [even when there was] not enough liquidity in the exchanges to contain such volumes,” Ilan said.In each of these BTC ‘pump and dump’ events, Ilan says that spot volume was higher by “up to 10 times or more than the average volume in the exchange.” As a result, “the outcome was a sharp increase or decline in the price of BTC.”Ilan explained that the first red flag is the fact that such large trades are taking place on exchanges with such thin books: “the fact that huge amounts of BTC are executed in exchanges that have a scarcity of liquidity already implies that a manipulation of the market is happening, leading to a quick profit,” Ilan said.This is key in the manipulators’ playbook: “the manipulators exploit the fact that the order book is thin,” he said. “They sell massive amounts [of an asset] in the spot market, which has a huge impact on the underlying asset. The asset then fluctuates to the upside (if the manipulator buys huge amounts) or to the downside (if the manipulator sells huge amounts).”This is where the multi-exchange manipulation effect comes into play: “due to the fact that many times there is an increase in futures positions before the dump or the pump. My guess is that traders sell the BTC spot at a loss but on the other hand, make huge profits in options (long put) and futures (short position).”In other words, traders with large amounts of BTC may be throwing spot market prices in order to fulfill their bets on futures markets.And when Ilan says “huge profits”, he really means it: “some exchanges allow leverage of up to 125 times.”For Some Unlucky Traders, Manipulation Means Huge LiquidationsUnfortunately, in leveraged markets, huge profits for some mean huge losses for others: “the continued influence of Bitcoin manipulation means that many traders get liquidated and have a huge loss due to margin calls every time the manipulation has an impact on the Bitcoin price,” Ilan said, adding that “many traders use leverage when trading spot or Futures.”For example, “on 2.8.2020 Bitcoin declined 12% within 30 minutes and led to the liquidation of $1.1B worth of futures positions,” Ilan said. “More than 70,000 traders were liquidated across all exchanges. Nearly $400 million was liquidated on each OKEx and Huobi; followed by BitMEX ($164M) and Binance ($86M).“Another example occurred on 11.5.2020 when Bitcoin dropped by 8%. This led to the liquidation of $250 million in Bitmex futures (and we can assume that the numbers in the total market are much higher.)”Additionally, Ilan suggested that this kind of manipulative phenomenon could have taken place on March 12th, also known as “Crypto’s Black Thursday.“On 12.3.2020 Bitcoin was down 17% within minutes and a few hours later was down by another 40% on very high volumes,” he said. “The sharp decline led to the liquidation of $1.5 million in Bitmex futures alone.”“Suspicious cases found from the beginning of March until September” via Ilan’s analysis post on Medium. Futures data collected from “one of the leading future exchanges.” Anticipating a Drop around March 12th, Manipulators May Have Played up the Drama to Earn Higher Gains from Futures ContractsMoreover, Ilan noted that several days before Black Thursday, “inflows (deposits) into major exchanges began rising at a higher-than-usual rate beginning on March 8th.” Specifically, “the average inflow per transaction was about 1,000 BTC, and after that, inflows ranged from 1,500 to 6,000 BTC in the run-up to Thursday’s price drop.”“On 12.3.2020 Bitcoin was down 17% within minutes and a few hours later was down by another 40% on very high volumes. A few days before the flash crash coins movement from private wallets to exchanges was exponentially higher than usual.” (Ilan Sterk, via Medium)Therefore, manipulators anticipating a big price move may have focused many of their efforts around March 12th in particular: “the Bitcoin slide began with a near 10 percent drop on March 8th. In the following three days, BTC posted marginal losses – before plunging by a staggering 40 percent on Thursday.”In any case, Ilan explained that these three examples show “the magnitude of the impact of the suspected manipulation on traders’ positions.”Additionally, Ilan found that within several hours of many similar instances, “the open interest and the long/short ratio increased or decreased (before the pump or the dump) toward the side that the Bitcoin later moved toward.”Suggested articlesAre Alternative Payment Methods the New Banking King?Go to article >>Challenging Bitwise’s 2019 Findings on Market ManipulationThese findings challenge some of the points set forth by Bitwise in its 2019 report regarding how markets can be navigated to avoid the effects of manipulation.In the presentation, Bitwise claimed that “the use of a large number of exchanges makes market manipulation more difficult in a well-arbitraged and fractured market, as a malicious actor would need to manipulate multiple exchanges to impact the NAV. They also claimed that any manipulation attempt would have to involve a majority of global spot bitcoin volume in a five-minute window to have an effect.”via Bitwise’s report to the SEC (2019).Specifically, “the Bitwise presentation to the SEC mentioned that the Bitwise Bitcoin ETF Trust provides direct exposure to bitcoin priced off the equivalent of a crypto consolidated tape,” Ilan said.As such, Bitwise proposed that its ETF would “draw prices from 10 crypto exchanges, representing [essentially] all of the trading volume in the spot bitcoin market.” Bitwise alleged that “drawing on multiple exchanges…[allowed the firm] to calculate its net asset value (NAV) in a manner that significantly deters manipulation.”BTC Market Manipulators May Be Hiding in Plain SightThis multi-exchange method could be what makes the manipulation so difficult to detect.While well-respected, regulated cryptocurrency exchanges tend to have aniti-manipulation protocols in place, this kind of multi-exchange, multi-product manipulation means that market manipulators may be able to use top exchanges for illicit purposes without setting off any big alarms.In other words, BTC market manipulators may be hiding in plain sight. Ilan says that his findings are based on “volume data on BTC prices for six months from the major Tier-1 exchanges (regulated and unregulated) and also Futures from different exchanges.”Ilan added that the findings came from the analysis of 22 cases since March this year “in which Bitcoin moved up or down at least 2.5% within minutes on high volumes,” he said. These high-volume movements often resulted in quick price swings ranging from 2.5% to 24%.“In each case, I dug into the volumes, the trading pattern that led to the manipulation, open interest ratio, and long/short ratio in the futures market. In addition, I tracked BTC inflows into the exchanges from private wallets,” he said.While some of the movements seemed to be the result of organic trading, others showed evidence of foul play: “in some of the cases I reviewed, manipulators delivered huge amounts of BTC to exchanges several days before the dump,” he said.“My Findings May Challenge the Bitwise Theory.”However, because Ilan’s findings show that using multiple exchanges in tandem with one another to manipulate markets may indicate that drawing data from more than one exchange is not an effective way of deterring the effects of manipulation.“My findings may challenge the Bitwise theory, since although using a large number of exchanges makes market manipulation more difficult, it is still feasible, as manipulators [can] use several exchanges” for their illicit purposes, Ilan said.Moreover, Ilan’s findings challenge another part of the Bitwise presentation that described another method of deterring manipulation that Ilan refers to as the ‘five-minute effect’.Specifically, Bitwise’s presentation claimed that “the use of a Volume-Weighted Median Price means you must manipulate the majority of global spot bitcoin volume in a five-minute window to have any influence on the NAV.”However, Ilan’s research found “that the suspected manipulation activity can take between one minute to two hours, but most of the time it lasts 30-45 minutes.“This includes trading activity of 5000-20,000 BTC [across] several exchanges, regulated and unregulated, for purposes of manipulation,” Ilan said.New Trading Products May Have Provided New Avenues for ManipulationUnfortunately for most BTC holders and traders, Ilan believes that markets may be feeling the effects of manipulation for the time to come: “I don’t think that in the near term the manipulation will be eliminated,” he said.And in fact, some of the more advanced trading products that have recently entered into the crypto space may be exacerbating the problem.“Crypto markets are more mature than they were several years ago and there are more sophisticated products today such as leveraged spot and derivatives, including Futures and Options,” Ilan said. “The manipulators use them.”Indeed, “leveraged products can exaggerate price increase or decrease and traders use them for manipulation impacting the price even more significantly,” which may only encourage manipulators to crack on with their dirty deeds.However, crypto platforms that may be unwittingly part of these manipulative schemes are not powerless: “in order to prevent this there should be more surveillance tools in the exchanges that can help to detect market manipulation (i.e. spoofing),” Ilan said. “This can be done through tools such as real-time and historical analysis of trades and order books.”To Truly Stop Market Manipulation, Crypto Exchanges Would Need to Band Together like Never BeforeEssentially, “exchanges need to implement strict internal processes to prevent such manipulative activities.”“When they detect suspicious activity (such as sales of large amounts of Bitcoin), exchanges must conduct a deep review of the specific activity, and ask participants questions similar to the questions asked by regulators in traditional markets,” Ilan said, acknowledging that there are structural differences between traditional and crypto markets.“If a Crypto exchange finds evidence that a specific trade or trades were manipulative they should close the trader account and ban him from any future trade within the exchange.”Furthermore, Ilan suggested that exchanges work together to create a ‘blacklist’ to stop market manipulation across the board: “as the outcome of my research, I suggested building a blacklist on Blockchain and initiating a unified authority that will consist of representatives from all exchanges,” he said, adding that “I’m sure that this will not be easy.“Any trader participating in manipulative activity would then be added to the blacklist and could not open a new account with other Crypto exchanges,” he said.However, this is only possible if exchanges are capable of effectively collaborating which, due to the fragmented nature of the exchange space, may not be a realistic goal for some time.If and when this would be possible, exchanges could have more power than ever before: for example, “in traditional markets, one of the checks and balances is a circuit breaker that is used for halting trading in a stock exchange in order to curb panic selling,” Ilan said.“Since Crypto trades in many exchanges in order to apply a circuit breaker you would need all exchanges to cooperate to suspend trading together,” he said. “Otherwise even if some exchanges suspend trading it would continue in others.” Share this articleTelegramFinance Magnates Telegram ChannelTags: bitcoin / blockchain / cryptoGot a news tip? 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‍Meet Orbs — the largest blockchain company in Israel. The public blockchain presents a hybrid model that combines the scalability of a second layer for decentralized applications, with the security and stability of a base layer. This enables the design of mass usage applications — which makes the blockchain particularly well suited for enterprise and high volume use-cases.  

Orbs was recently in the news for partnering with Binance to fund an accelerator for DeFi innovation, and before that for their open letter to French President Macron arguing for the use of blockchain technology to transform the deployment of financial aid to Lebanon. 

What’s perhaps been less in the news, however, is the fact that Orbs is most popular in South Korea. 

On-chain data shows most activity is happening on the South Korea-based exchange, Upbit. 

And Orbs’ largest validators, or “guardians” are located in Korea and Japan.

Guardians operate the Orbs network nodes and run the virtual chains for the subscribed applications. The top two in terms of total staked are in South Korea, and 12 out of the top 20 are from South Korea and Japan, which suggests that Orbs’ strongest communities are in these two countries. 

South Korea has always been a major force in technology, and their adoption of blockchain has been no exception. South Korea is now a major cryptocurrency market. Its top two crypto exchanges — Upbit and Bithumb — are among the top 10 exchanges in the world in terms of visits, and combine for a daily trading volume of over $9 billion. 

View more of Orbs’ on-chain data: orbs.flipsidecrypto.com

A new entrant climbed into the top 100 cryptocurrencies by market capitalization on Tuesday, after a 75% overnight surge compounded 700% weekly growth for blockchain enterprise project Orbs.

The day prior, the project's ORBS token had been announced as the latest addition to Moonstake’s staking wallet, which returns interest to users who stake their cryptocurrencies. The partnership between Orbs and Moonstake will also see the pair combine to increase the adoption of blockchain technology in the banking and finance industry, according to a Monday announcement.

From a starting price in the $0.168 range, the value of the Ethereum-based ORBS token increased 75% over 24 hours, briefly hitting a new all-time high of $0.295, according to data from CoinMarketCap.

Orbs struck new all-time highs all week, soaring past its previous top of $0.04 on the way to 704% growth over seven days. As of publication, three of the top five markets for the token came from trading pairs against the South Korean won.

Orbs was founded in 2017 with main offices in Israel and focuses on building public, decentralized blockchain infrastructure for use by businesses and enterprises. Orbs co-founder and CEO Daniel Peled said that the partnership with Moonstake would bring more businesses onto the blockchain in Southeast Asia and the Middle East.

Moonstake provides proof-of-stake rewards for eight cryptocurrencies, reportedly bringing in $800 million in staked coins since launching in the third quarter of 2020.