Majic Signs LOI to Acquire Majority Interest in PCEX Crypto Exchange

Houston, Texas, October 14, 2021 – McapMediaWire – Majic Wheels Corp. (OTC Pink: MJWL) (“Majic” or the “Company”), a Delaware corporation, that is positioning itself as a player in the disruptive industries of fintech and software development by means of acquisitions, announces it has signed a letter of Intent (“LOI”) to acquire, through its fully owned Subsidiary CGCX, a majority interest in PCEX, a Cryptocurrency Exchange & Trading Platform.

Launched by Panaesha Capital, PCEX (https://www.pcex.io) is a cryptocurrency exchange that brings a novel approach to the digital currency market. PCEX is the first crypto broker in India to introduce the B2B Franchise Model in the cryptocurrency market. PCEX has succeeded in creating a network of 250+ franchises and 40+ satellite offices in different regions of India.

PCEX’s unique Business Model allows interested applicants to complete a simple yet mandatory KYC process to become a PCEX Trading Member with unparalleled benefits such as:

  • Higher Liquidity
  • Unmatched % of revenue share
  • Design & Development of Web and Mobile Platform
  • IT & Technical Support
  • Server Setup
  • Wallet Integration
  • Marketing Assistance

“Cryptocurrencies are not just an innovation; they represent a revolution and, in our opinion, a catalyst to the global fintech industry. We envisioned a business model within an industry that is growing exponentially but also caters to entrepreneurs and businesses looking to establish a footprint in the crypto space. Our franchise model is the culmination of that vision.”  said Sandeep Phogat, CEO & Founder of Panaesha Capital Exchange.

“The combination of Majic’s CGCX expertise and PCEX novel approach and scalable model will further Majic’s ambition to firmly establish itself as a Fintech & Technology leader in India.” said David Chong, Chief Executive Officer of Majic Wheels, Corp.

About Majic Wheels Corp.

Majic Wheels Corp., a Delaware corporation, intends to position itself as a player in the disruptive industries of Fintech and software development by means of acquisitions and mergers. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market under the trading symbol “MJWL”.

For more information about the Company visit:

Our OTC Markets Profile: https://www.otcmarkets.com/stock/mjwl/overview

Our website is: https://majiccorp.co/

Our Twitter account is: https://twitter.com/MajicCorp

Our Discord: https://discord.gg/apolloassets

About Panaesha Capital Exchange

PCEX is a high calibre crypto exchange with numerous promising features that helps trading members create a seamless user experience by joining PCEX’s secure trading exchange. PCEX takes pride in being one of the safest bitcoin and altcoin exchanges in the world.

For more information on PCEX, visit the website: https://www.pcex.io

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

SOURCE: Majic Wheels Corp.

FOR MORE INFORMATION, PLEASE CONTACT:

Contact: David Chong
Email: [email protected]

Want To Start Trading Crypto? Here Are Some Useful Tips

As the number of people using cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. continues to increase, more and more online exchanges are opening up where you can buy and sell these digital currencies. If you’re interested in trading cryptocurrencies, there are some really useful tips that will help get you started in the right direction.

1. Alternative Platforms

When it comes to buying and selling cryptocurrencies, there are a number of things that you need to take into account. For instance, is there a large enough market for the crypto coin that you’re interested in trading?

In addition, what kind of fees will you have to pay when moving your capital from one exchange to the next? Another thing that you’ll need to do is research what alternative platforms are available. A lot of people that are just starting out might not know that it’s possible to trade with no fees, which as you can imagine is a huge advantage. In other words, there might be a better platform for your crypto-trading needs than those which are the most popular.

While you shouldn’t go to just any site offering benefits, it’s always a good video to look at what people are saying online about different platforms, and make an informed decision from there.

2. Location And Regulations

The legislation that surrounds cryptocurrency is constantly evolving. In some countries, there are next to no regulations when it comes to cryptos, while in other countries there are a number of restrictions.

If you want to do anything with cryptos, it’s important to make sure that you’re not breaking any rules by trading where you live. For instance, as of recently, there are reports that China has banned all crypto transactions – mining and trading included! Because it’s still a relatively new thing, it’s important to stay up to date with the latest regulations if you want to stay on the right side of the law.

A good idea is to check the news daily concerning cryptocurrency and see what’s been going on in countries all over the world. If you keep an eye on everything, you’ll have a lot more of an advantage over those who don’t.

3. Bitcoin And Altcoin

There’s a pretty good reason why Bitcoin is such as hot topic at the moment. It has the highest market capitalisation (the total value of all tokens on circulation), and it drives everything else on the market. That being said, if you’re going to be trading any cryptocurrency, make sure that you’ve figured out which one will be most profitable before you get started.

Even though Bitcoin has the highest market cap, it’s still not something that everyone can get involved with because of how expensive it is to buy. The best thing to do when you’re starting out for cryptocurrency trading is to study coins like Ethereum, Ripple, Dash, and Stellar – in addition to Bitcoin- and the currencies in general. By doing this, you’ll have the best chance of making the most money in the shortest possible time frame. Having a more diverse portfolio is a good way to hedge your bets and increase the potential gains of any trade. Because if you put all of your money into one thing, and it goes down, then it’s going to take even more out of your wallet than if you had diversified earlier on.

If you’re looking at the cryptocurrency market, then it’s important that you’re careful when it comes to altcoins. While some people are trying to make money on them, there are others who want to get their hands on your money. A lot of the time, these cryptocurrencies will simply disappear with your money – and there’s nothing that you can do about it. However, if you want to make the most out of trading altcoins then you need to find high-quality coins that are likely to go up in value over time. The reason for this is that there are thousands of different altcoins out there, but only a few of them will stand the test of time.

4. Blockchain And Mining

When it comes to mining Bitcoin and other cryptocurrencies, there are a number of factors that will impact how much money you’re able to make when you set up your own mining rig.

One of the biggest factors is location, as you’ll need a lot of cooling if you don’t want to burn your house down. In addition, it’s important to note that the cost of electricity will have an impact on how much money you’re able to make from mining. Furthermore, there are a lot of other costs that people simply forget about, like software and hardware costs. It’s important to keep this in mind when you’re looking at the profitability of mining any cryptocurrency.

However, if you invest in mining hardware and cloud storage, then this is one of the most profitable things you can do at the moment. The reason for that is that it’s not like any other business – which usually involves a lot of upfront costs before the business itself becomes profitable enough to run.

5. Security

Not everyone is in the same boat when it comes to security, but no matter how good your security is there are always going to be risks when you’re trading cryptocurrency.

Because of this, it’s important that you understand what the threats are before deciding whether or not you want to get started with trading cryptocurrencies. One of the biggest threats out there is the risk of losing your private keys – so make sure that you keep them as safe as possible. One thing that you can do to help with this is to always double-check that your computer and web browser are protected and updated with the latest security patches. If they aren’t, then hackers will be able to steal everything from you in no time at all.

However, the biggest threat is still the fact that crypto exchanges are vulnerable to attacks. For example, if you’re exchanging Bitcoin for another cryptocurrency through your web wallet or Ethereum in digital currency exchange, then you have to be wary of hackers getting access to your account. One way in which you can try and stop this from happening is to use multi-factor authentication on your account, as well as encrypting your private keys.

In a lot of ways, trading cryptocurrency isn’t all that different from any other industry where you have to be wary of things going wrong. However, unlike traditional businesses which rely on physical assets and people working for them, cryptocurrencies rely on technology and the internet. However, if you’re careful then it’s possible to trade cryptocurrency without having to worry about things going wrong. The best way to do this is by investing in the right equipment and keeping your private keys as safe as possible. Then you can use a trading platform to increase your chances of success even more, which makes cryptocurrency trading a very attractive proposition!

China bans all crypto transactions

China has officially banned all cryptocurrency transactions and vowed to stop crypto mining, delivering the toughest blow yet to the industry.

Cryptocurrency transactions are now considered illicit financial activity in China, including services provided by offshore exchanges, the People’s Bank of China has said. The PBC added that crypto, including Bitcoin and Ethereum, are not fiat currency and cannot be circulated.

Bitcoin slumped in the wake of the news, falling 8% to about £30000.

Chinese officials are going further to stamp out cryptocurrency trading for its ties to fraud, money laundering and excessive energy usage. China already has rules that stops banks from offering cryptocurrency related services. To get around such rules, traders have moved to digital platforms and offshore exchanges.

Cryptocurrency mining’s massive energy consumption is another reason why the industry is coming under attack. In a separate statement, China’s economic planning agency said it’s an urgent task to stop cryptocurrency mining and the crackdown is important to meet carbon goals.

China is facing a power crisis that’s already curbed commodities from aluminium to steel, and several industries have seen their power supplies restrained in recent weeks.

China is home to a large concentration of cryptocurrency miners and as recently as April had a 46% share of the global hash rate, a measure of computing power used in mining and processing, according to the Cambridge Bitcoin Electricity Consumption Index.

China’s crackdown against cryptocurrency mining and trading activity started in May 2021. That was the first time they had singled out cryptocurrency mining at the national level since dropping it in 2019 from a proposed list of dirty industries to be eliminated.

The announcement caused a collapse in cryptocurrency prices, with Bitcoin losing about half its value between April and July this year. While the market has since gained stability, it’s still far below the all-time high of £46000.

NSAV Announces Launch of Premium OTC Crypto Trading Desk

London, England, September 17, 2021 – Net Savings Link Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced the launch of its Premium OTC Crypto Trading Desk https://nsavholdinginc.com/otc-desk/. NSAV’s OTC Desk offers private and personalised service to institutions and high net-worth individuals that trade large blocks of cryptocurrency. OTC Crypto Trading Desks offer increased liquidity (without slippage), price protection, anonymity, Fiat support, unlimited purchases and the purchase of rare tokens, which are not available on exchanges. NSAV’s OTC Desk provides its clients with execution and settlement services that are secure, competitive and discreet. Today, nearly all major crypto exchanges have their own OTC Desk. Kraken https://www.kraken.com/, in 2019, acquired major OTC Crypto Trading Desk, Circle Trade, and is now one of the world’s leading OTC Crypto Trading Desks. The Company’s management believes that having its own OTC Crypto Trading Desk will be a huge benefit to NSAV and all of its shareholders, as it ascends to the next level.

On Wednesday, NSAV Director, Mr. Yuen Wong, gave a presentation at the Emerging Growth Conference. Please see the link below to view Mr. Wong’s presentation.

Joining Mr. Wong at the conference was Ms. Aidaa Wong, founder and CEO of LuxFi, a real-world luxury asset-backed NFT (non-fungible token) marketplace https://luxfi.io/. In August, NSAV announced a collaboration with LuxFi.

In addition to his position with NSAV, Mr. Wong is also a Managing Partner at Bitmart Cryptocurrency Exchange https://www.bitmart.com. BitMart is a premier global digital asset trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. Bitmart’s platform supports over 220 cryptocurrencies and has a 24 hour trading volume of approximately $2 Billion.

Mr. Wong is also the CEO of LABS Group Limited https://labsgroup.io, the world’s first end to end Blockchain powered real estate investment ecosystem and powered by the LABS ecosystem token through decentralised finance (DeFi) and governance, as well as a partner at leading investment banking firm, Silverbear Capital Inc.

Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchanges and OTC Crypto Trading Desk. Silverbear will also help guide NSAV in ensuring that its exchanges and OTC Desk are continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.

Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

Mr. Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “We are thrilled to have our OTC Desk in operation, and this will allow us to enter this lucrative industry from a high volume trader’s perspective. With major crypto exchanges such as Binance and Coinbase opening their own OTC Desks, this indicates a significate demand among institutional for these types of transactions. I want to thank all of our shareholders for their support and our OTC Desk team for getting the job done.”

NSAV’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.

For further information please contact NSAV at [email protected]

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech

The NSAV corporate website can be accessed at http://nsavholdinginc.com

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.

Contact

Net Savings Link, Inc.

Email: [email protected]

NSAV Announces Launch of Cryptocurrency Exchange

London, England, August 9, 2021 – McapMediaWire – Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced the launch of its wholly owned Cryptocurrency Exchange, which carries the NSAV brand name. The NSAV Exchange www.nsavexchange.com makes NSAV only the second U.S. publicly traded company to own a Cryptocurrency Exchange, following the Coinbase https://www.coinbase.com/ IPO in April, which valued Coinbase at over $85 billion. The launch officially marks the Company’s entrance into the $2 trillion global cryptocurrency market. The NSAV Exchange is fully functional.

The Company slightly delayed its timeline to become fully operational. NSAV is in the process of strengthening its KYC (Know Your Client) protocols and other compliance related items, in order ensure that it doesn’t fall victim to the same legal and regulatory problems that have recently plagued Coinbase and Binance. The Company believes that it possesses the expertise and skill set to be fully compliant in all jurisdictions in which it conducts business. The management believes this delay will be in the best interest of all NSAV shareholders, in order to ensure shareholder value is being protected.

In related news, NSAV announced plans launch a governance token, which management believes will be a huge benefit for its NSAV Exchange. Uniswap’s governance token, UNI https://uniswap.org/ was launched in 2020 at a price of around $1.00 and is currently trading at over $26.00 due to the utility of governance tokens, which allow them to appreciate rapidly.

Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchange. Silverbear will also help guide NSAV in ensuring that its exchange is continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.

Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

The management of NSAV believes that the Company can capture a significant share of the massive Chinese cryptocurrency market, given the expertise of its management and strategic partners. Presently, the Huobi Cryptocurrency Exchange https://www.huobi.com/en-us/ has a 24-hour trading volume of over $6 billion and 40% of its users are from China. Huobi is number 3 globally in daily revenue at $2.29 million, behind only Upbit https://sg.upbit.com/home $3.42 and industry leader, Binance https://www.binance.com/en at $3.48 million.

The management of NSAV and its partners are pioneers in the Digital Asset and Blockchain industry. The team is led by NSAV Director, Mr. Yuen Wong. Mr. Wong is also the CEO of LABS Group Limited https://labsgroup.io, the world’s first end to end Blockchain powered real estate investment ecosystem and powered by the LABS ecosystem token through decentralised finance (DeFi) and governance.

As one of the founders of Bitmart Cryptocurrency Exchange, Mr. Wong helped guide BitMart in becoming a premier global digital asset trading platform, with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. Bitmart’s platform supports over 220 cryptocurrencies and has a 24 hour trading volume of approximately $2 Billion. Mr. Wong is also a partner at Silverbear Capital.

Danny Lau, NSAV Director and Silverbear Capital partner stated, “We are extremely pleased to see a major media network in U.S. reporting our Company’s progress. This means the NSAV brand is being recognised internationally. We’d like to sincerely thank SBC Investor Relations for their dedicated and professional work.”

Mr. Dato’ Sri Desmond Lim, Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “This is an exciting milestone for NSAV. I am thrilled to see the company introducing the planned launch of an NSAV governance token, which will act as a native token to our exchange as well. I believe the decentralised direction is a very good strategy and will bring more democracy to our ecosystem.”

Mr. Lim is also Co-Founder of the world-renowned World Glove City Project in Malaysia https://worldglovescity.com.

NSAV’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, eCommerce, advisory services, financial services and information technology.

For further information please contact NSAV at [email protected]

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech

The NSAV corporate website can be accessed at http://nsavholdinginc.com

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.

Contact
Net Savings Link, Inc.
[email protected]

How developers are helping traditional banks modernise

Bitcoin and blockchain tend to grab headlines in the world of banking. Cryptocurrency is the poster child of “disruptive technology” in the traditionally slow-moving finance industry. But, there are other areas where developers and software engineers must update business-as-usual in banking in order to survive.

According to one survey, 80% of bankers agreed that their institution “needs to complete an assessment over the next three years, but only 15% expected that to lead to a modernisation effort.” Security threats, the demand for mobile banking, and outdated core banking systems are all driving banks to consider massive overhauls to their IT systems. These are the biggest modernisation challenges facing financial institutions – areas where developers and remote software teams can play a significant role in keeping banks competitive.

Making updates to “legacy structures”

In the same survey, 60% of bankers reported that at least one of their major technology challenges is directly tied to aging core systems. “Maintaining legacy systems accounts for 78% of a bank’s IT budget, and 70% of bankers feel their core processes cannot quickly adapt to change,” reports Ripple.

Over time, banks have resisted major changes to their core banking system, the backend system responsible for processing transactions, updates to accounts, and maintaining other financial records. Core banking systems are in charge of processing deposits, loans, and posting credits, as well as updating other reporting and ledger tools.

As consumer-driven capabilities like mobile deposit and peer-to-peer transfer have grown, these core banking systems have had ad hoc updates – but no complete transformation. Core deposit systems were built in the 1970s, written in “old, inflexible programming languages” like Cobalt and PL/I. Oracle’s analysis also found that these “decades-old legacy core systems are inflexible, and each time a bank wants to launch a new product, they must ‘hard-code’ the system, which can take 12 months or more.”

There’s no simple solution to updating a bank’s core system: it’s a massive technological undertaking, but one that banks must invest in to serve its customers well. Engineers can help banks develop an agile, consumer-centric approach to core banking. There are multiple approaches to solving the problem of archaic core systems, and software teams can phase in iterative changes that evolve a bank’s core infrastructure without too much service interruption.

Modernising Fraud Protection

Fraud prevention remains one of the most difficult technological challenges facing banks as cybercriminals get more sophisticated in targeting consumers. To illustrate the challenge banks face in keeping consumer account information safe, Kasperky Lab hacked a “large, publicly-traded financial company in less than 15 minutes.”

The traditional approaches many banks have taken do not work. Authentication requirements and verification processes fail to prevent fraud and provide a negative customer experience. Instead, writes one security expert, “banks should focus on creating better systems and techniques to collect and analyse internal and external data, develop more meaningful algorithms and profiles, execute penetration testing against current strategies, detect changes in transaction patterns and develop more effective solutions.”

To protect consumers from malware and fraud attacks, banks must shift from a reactive to a preventative operations approach. Developers can help banks prepare by modernising the systems that store user data, moving information onto an encrypted cloud. IBM’s AI tool, for example, is said to offer a faster analysis of advanced persistent threats and attacks. Developers must integrate the latest technology into banks’ security systems to modernise.

Digital account opening

Developers will play a critical role in helping traditional banks keep up with the demands of customers on-the-go. Digital account opening is one process where developers and software engineers can have an immediate impact.

Digital account opening (DAO) is the process of opening a bank account without ever stepping foot inside a bank. DAO involves taking the following steps:

  • Collect a customer’s personal identification information
  • Evaluate and approve (or reject) a customer from a risk/fraud perspective
  • Verify the customer’s identity
  • Accept funds digitally and immediately, either through a debit/credit card or with mobile deposit
  • Sync with the core banking system

Many banks are capable of letting customers open an account online through a web browser. Yet, mobile-optimised account opening is an area where the industry has lagged behind. There are some very good reasons why this process is so difficult. Application fraud and strict anti-money laundering laws make it difficult for banks to meet regulatory requirements. An, there are significant security risks: in 2018, banks faced a more than $31 billion in global fraud loss.

But developers who help banks modernise to provide DAO will have an immediate financial impact. One report found that 69% of those surveyed wish to perform all their banking through online and mobile channels. BAI found that around 75% of millennials and more than 65% of Gen Xers prefer to use a digital channel to open a deposit account. The core consumer of the future will expect to be able to open an account, take out personal loans, and transfer funds from any device at any moment. Developers must find a way to build the infrastructure to allow banks to offer DAO.

This article was originally published at https://www.indexcode.io/