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WireUp
  • Messages
  • Groups
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Tag: Crypto

bybit-and-dmcc-crypto-centre-announce-top-ten-finalists-for-the-web3-unleashed:-crypto-innovation-challenge

Bybit and DMCC Crypto Centre Announce Top Ten Finalists for the Web3 Unleashed: Crypto Innovation Challenge

November 9, 2023 Published by TheBlockchainExaminer.com

 

Bybit, in collaboration with the Dubai Multi Commodities Centre (DMCC) Crypto Centre, is proud to announce the top ten finalists for the hackathon: “Web3 Unleashed: Crypto Innovation Challenge.” This showcases innovative Web3 startups and aspiring businesses in the UAE, showcasing their contributions to the digital asset market.

From the 100 teams who applied, ten have been selected for their groundbreaking work across various sectors of the blockchain industry, including GameFi, decentralized finance (DeFi), NFTs, and sustainable blockchain solutions. These teams will present their entries at the event showcase on Nov. 22.

Team EVA.IO is pioneering a decentralized Supervised Machine Learning rating system for Crypto, DeFi, and NFTs, while Cyborg Network redefines cloud computing within the Polkadot Ecosystem. Copin empowers users to leverage insights from top on-chain traders, and Pravica pioneers peer-to-peer Web3 messaging and value transfer infrastructure.

Top Ledger introduces an enterprise-level blockchain analytics solution, as Edu3Labs merges education with blockchain for a more rewarding learning experience, and iTeller is a profitable fintech/crypto OTC business. Meanwhile, Timeswap breaks new ground with its fully decentralized lending and borrowing protocol.

Akka brings AI-powered efficiency to cross-chain asset movement, and DRIFE, dubbed “Taxi 3.0,” aims to overhaul the traditional ride-hailing industry. These ten teams stand to win from a prize pool of up to 100,000 USDT, including a cash prize equivalent to 50,000 USDT and additional prizes worth 50,000 USDT, such as access to Brinc’s accelerator, a complementary DMCC license, and a Hacken smart contract audit.

“The ‘Web3 Unleashed: Crypto Innovation Challenge’ is more than a competition; it’s a testament to the transformative power of collaboration in the era of blockchain technology,” said Ben Zhou, co-founder and CEO. “Fostering an environment where innovation thrives is one of our top priorities on our mission to become the world’s Crypto Ark.”

Category: Uncategorized
Tags: Blockchain, Bybit, Crypto, EVA.IO, Latest News
concordium-and-frontier-multi-chain-wallet-announce-partnership-to-expose-the-concordium-blockchain-to-frontier’s-massive-trader-base

Concordium and Frontier multi-chain Wallet announce partnership to expose the Concordium blockchain to Frontier’s massive trader base

February 2, 2023 Published by TheBlockchainExaminer.com

 

Concordium blockchain announces that it will be integrated with advanced non-custodial wallet Frontier, enabling the staking and delegation of Concordium’s native token, CCD, on the platform.

Available on mobile across both Android and iOS, and on web as a browser extension, Frontier is a multi-chain crypto & NFT wallet with DeFi aggregation capabilities on a mission to make DeFi, simple, secure, and mobile.

Frontier’s mission is to make DeFi simple, secure and mobile. Hence it allows users to seamlessly view, track and manage multiple wallets and DeFi portfolios across all platforms from a single interface, empowering them to buy, stake, earn, lend, borrow, swap, and bridge crypto assets across chains and dApps.

With NFTs, protocols, DeFi primitives, and support for 35+ chains –including Ethereum, Solana, Cosmos, Polkadot, Avalanche, the Binance Smart Chain ecosystem and all leading L2 scaling solutions, EVM and non-EVM chains, users no longer need to constantly switch between multiple apps and browser extensions to manage their multi-chain portfolios.

Other than performing typical wallet functions like send, receive, store, swap, and buy cryptos & NFTs, the Concordium users will now be able to stake tokens on multiple chains across various validators, bridge tokens across chains, lend & earn, participate in liquidity pools, create CDPs and trade on token derivatives all in-app acting as a one-stop wallet for all DeFi needs. Additionally, Frontier integrates dApps into various ecosystems to maximize potential for growth from interoperability, and also offers hardware wallet support for Ledger and Trezor.

Benefiting from Frontier’s integration with Concordium Blockchain, the only layer-1 blockchain with a built-in self-sovereign ID framework, the updated account creation will include ID verification and seed phrase integration. The integration will ease and enhance the attractiveness of Concordium for its users.

DeFi users will benefit by creating new Concordium wallets or importing their existing Concordium wallets into Frontier. They will also be able to stake their Concordium tokens seamlessly in a non-custodial way. Apart from this, they will also have access to the upcoming Concordium DeFi ecosystem launching later this year like the Concordordex.

“With regulatory authorities across the globe contemplating ways and means to regulate decentralized finance and cryptos, an ID-verified blockchain network like Concordium can help unlock a significant value in the mass Web3 adoption. Frontier Wallet is beyond excited to partner with Concordium as their Wallet partner and help them build a secured, non-custodial Crypto and NFT wallet with seamless access to DeFi and CCD staking,” says Ravindra Kumar, Founder & CEO, Frontier Wallet.

“At Concordium we believe in a future where Web3 goes hand in hand with both existing and new businesses to create exciting new offerings. To succeed we want our community to have access to the best non-custodial wallets possible. Frontier’s ability to unify multiple blockchain-based offerings in a clean user experience. Concordium’s delegated proof-of-stake design fits naturally into Frontier’s strong, built-in, DeFi offering, and we look forward to working with the team on supporting future compliance needs of projects through Concordiums Web3 ID framework,” says Mikael Breinholst, Concordium’s Director of Product.

Category: Uncategorized
Tags: Blockchain, Crypto, Frontier Wallet, Latest News, NFT, Ravindra Kumar
koinly-announces-extended-nft-support

Koinly Announces Extended NFT Support

August 18, 2022 Published by TheBlockchainExaminer.com

 

Crypto tax software, Koinly is embracing the popularity of  Non-Fungible Tokens (NFTs) after their incredible rise to prominence within the crypto space in 2021.

The Financial Times and Chainalysis estimate that as of 2022, over 300,000 people now own an NFT. Many are in the dark about their tax obligations with such a large influx of new participants into the crypto and NFT spaces.

Koinly already has one of the most comprehensive platforms available to crypto investors to help with their NFT taxes and recently announced additional NFT support on their platform.

From adding Solana NFTs through to supporting ERC-1155 tokens and NFTs, Koinly has been busy adding functionality over the past few months.

Danny Talwar, the Australian Head of Tax at crypto tax platform, Koinly, said of the new integrations, “Koinly users will now be able to find more of their NFTs automatically, without having to add them or spend hours scouring through their wallets manually or on the Koinly platform.”

“One of the biggest challenges for those invested in the crypto space is understanding their tax obligations for NFTs. Many crypto investors might not even realise the taxable events associated with buying and selling NFTs. Koinly’s new NFT integrations help take the hassle out of doing crypto taxes,” he said.

Category: Uncategorized
Tags: Blockchain, Crypto, Latest News
asosiasi-blockchain-indonesia:-what’s-up-with-crypto-in-indonesia?

Asosiasi Blockchain Indonesia: What’s Up with Crypto in Indonesia?

August 18, 2022 Published by TheBlockchainExaminer.com

 

The global crypto market is currently experiencing a complete decline. If people consider the increase in the last few years, the total market capitalization of crypto assets has reached more than 3 trillion US dollars, but currently, the overall capitalization value has been observed to fall below 1 trillion US dollars or around 901 million US dollars on Wednesday (29/6). This figure is the lowest achievement for the first time since February 2021. This phenomenon of falling market prices for crypto assets is known as a bear market, a cycle that is currently being faced by crypto markets globally. Unlike other asset markets, the cycle of the crypto asset market moves much faster.

In the crypto industry, bear markets are commonplace and only temporary. From this bear market phenomenon, according to Asih Karnengsih, Chairwoman of the Indonesian Blockchain Association (A-B-I) that “bear markets have become commonplace in the crypto space, lastly happened in 2018, and we all know what happened after that, this momentum is a natural process of eliminating players who enter this industry only because of valuation or numbers alone, while the real players are increasingly focusing on building and developing.” In addition, there are several factors that have influenced the condition of the crypto asset market in recent months, namely:

  • Bitcoin (BTC) showed its worst price movement in more than a decade in the second quarter of 2022, with the price of BTC touching $17,600 on June 18.
  • The fall in the value of Terra and its two assets (LUNA and UST) which were previously crypto assets with a market capitalization of 40 billion US dollars in April, was in the top 10 according to Coin Market Cap. In July, its market capitalization value was only 800 million US dollars. The LUNA coin is down 99% and the stablecoin UST lost its peg value against the US dollar (depeg).
  • Solana’s crypto asset ecosystem, which was in trouble after the discovery of thousands of Solana-based wallets, has been hacked. According to Bloomberg, Elliptic, a blockchain forensics company, said that more than 7,900 of Solana’s wallets had been stolen and the loss was estimated at more than 5.2 million US dollars. Meanwhile, PeckShield as one of the security companies said that due to the Solana-based wallet hacking, the victim had suffered a loss of about 8 million US dollars.
  • Several crypto asset service providers who are in financial trouble due to the current bear market conditions have gone bankrupt, as happened in:
  1. Three Arrows Capital (3AC) was unable to meet its liquidity on June 29 due to a default on crypto loan payments of more than US$650 million.
  2. Celsius Network announced the termination of all drawdowns due to the bankruptcy of illiquid assets. However, Celsius is currently proposing another solution to restructure the company by mining BTC on Monday (18/7).
  3. Vault has also suspended withdrawals for its more than 800,000 customers.
  4. Babel Finance has temporarily suspended the withdrawal and redemption of crypto assets because according to the management, Babel Finance is facing high liquidity pressure.

The existence of financial problems that led to the issue of bankruptcy in the midst of bear market conditions caused several companies that deposited their digital assets in these companies to experience a direct impact. One of them is the Prospective Crypto Asset Physical Trader/Exchange registered with Bappebti/CoFTRA, Zipmex. In its official release, Zipmex explained that it had deposited assets with Babel Finance and Celsius since the beginning of ZipUp+’s operations and had announced a temporary suspension to the process of withdrawing funds and crypto assets. Zipmex has made various efforts to overcome these problems, including fundraising, legal action, and restructuring, and now Zipmex has reactivated the withdrawal of funds and digital assets on Trade Wallet. In addition, since August 2, 2022, Zipmex has also released Solana, Ripple, Cardano, and Ethereum crypto assets from Z Wallet to users’ Trade Wallet on a regular basis. Zipmex through its official communication channel also announced that the management has signed three Memorandums of Understanding (MoU) which are part of the restructuring plan by introducing fresh funding to the company through an investor group led by Zipmex’s shareholders to keep the company’s operations running and maintained their integrity.

Then, what will happen to the future of the crypto market industry? Asih said, “Actually, even from a valuation point of view, 2 years ago the value of bitcoin was around $8000, currently even though it’s a bear market, the value of bitcoin reaches $20,000 so it can be seen from a long-term perspective, crypto is here to stay.” Oscar Darmawan, as CEO of Indodax also shared his opinion that “at a time of bearish market like this, it is the right moment for investors to collect crypto portfolios”.

With the challenges faced by the crypto industry, the regulation from Bappebti/CoFTRA has been very accommodating in terms of consumer security with the necessity of a Crypto Futures Exchange. Malikulkusno Utomo, who is often called Dimas, General Counsel of PINTU, participated in giving his views on the formation of a crypto exchange, according to Dimas “the establishment of a crypto futures exchange can be immediately realized to encourage the advancement of the crypto industry in Indonesia, increase public trust, provide information distribution, and protect the investors, PINTU believes “it is more appropriate if the futures exchange is an exchange that has gone through a series of strict processes and complies with the requirements according to applicable regulations”. Oscar also added that he hopes that the relevant government “can soon inaugurate the Digital Future Exchange (DFX) crypto futures exchange which will later serve to help oversee crypto transactions to be more secure and protect crypto asset traders. I am optimistic that the establishment of this futures exchange can advance the crypto ecosystem in Indonesia to be even better”.

Deputy Minister of Trade, Jerry Sambuaga said that the establishment of the Indonesian Crypto Exchange is almost complete, “the point is that it is close, hopefully as soon as this year,” Jerry said on Thursday (28/7). In terms of the readiness of the DFX consortium, Alex Kim as CEO of Upbit APAC who is part of the consortium said “risk mitigation to institutions regulated and supervised by Bappebti/CoFTRA, when market conditions are bad, business actors and consumers’ funds can be protected by this ecosystem. DFX as a prospective crypto exchange is ready to operate and contribute to the Indonesian crypto asset industry ecosystem, in accordance with the mandate of government regulations, especially Bappebti/CoFTRA. This is why we really welcome and look forward to the finalization of the DFX”.

SOURCE Asosiasi Blockchain Indonesia

Category: Uncategorized
Tags: Asosiasi Blockchain, Blockchain, Crypto, Latest News
asia’s-first-physical-metaverse-themed-web3,-nft-and-crypto-conference-happening-in-singapore

Asia’s First Physical Metaverse-Themed Web3, NFT and Crypto Conference Happening In Singapore

July 22, 2022 Published by TheBlockchainExaminer.com

 

The first ever metaverse-themed blockchain & web3 conference will be held on 28th July 2022 in one of Asia’s most prominent club; Zouk Singapore. The conference titled THE WEB3 CON will showcase and feature promising start-ups, established organisations and investors within the Blockchain, Crypto, NFT and Metaverse industry under one roof in a futuristic neon-lights and glitz set up. The conference event is organised by Asia’s leading blockchain accelerator AsiaTokenFund Group and its partners Morpheus Labs, Block Tides, AC Capital, and Reactify all of which are leading web3 players in Asia and the US.

For the first time in Asia, the blockchain event will be housed in a two-floor, three club-hall venues all under one roof in the iconic Zouk building located in Clarke Quay, Singapore. The location was carefully selected to fully embody the meaning of metaverse and web3 – futuristic, innovative and ground breaking.

“We want to move away from the traditional and dull conferences done in ballrooms as it doesn’t really bring out the true definition of metaverse. At this venue, attendees can relax, enjoy the lights, do some work, have fun and learn something new with superb light show and entertainment lined up. It’s truly going to be a conference like no other,” said Ken Nizam – Founder if Asia Token Fund Group, Organiser of The Web3 Con 2022.

“We’ve been waiting for the right event to speak at just before Coinweb ships it’s first product in a bid to prove the platform is not just another science project that doesn’t leave the lab, and Web3 Conference is the right fit for us to join at, being held in the epicentre of South East Asia’s tech hub,” said Toby Gilbert, CEO of Coinweb, one of the key speakers of the event.

Other prominent Key Speakers, exhibitors and partners includes Huawei, Binance, Chainalysis, Kucoin Labs, ChainUp, GEMS, Sleep Future, Anotoys Collectiverse, PLAYGROUND and many more.

Category: Uncategorized
Tags: Blockchain, Coinweb, Crypto, Latest News, Metaverse, NFT, Toby Gilbert, Web3
coins.ph-becomes-the-exclusive-crypto-partner-of-the-pba

Coins.ph Becomes the Exclusive Crypto Partner of the PBA

June 3, 2022 Published by TheFintechBuzz.com

 

Coins.ph (the “Company”), the Philippines’ leading fully-regulated fiat and crypto wallet services provider, today announced a partnership with the Philippine Basketball Association (“PBA”) that makes Coins.ph the official crypto partner for the PBA’s 47th season.

The deal marks the first crypto partnership for the PBA. Coins.ph will have brand presence featured throughout the Philippine Cup, the PBA’s premier tournament, where it will offer interactive experiences to engage fans and promote awareness of all things crypto. This PBA season marks the return of a full in-arena experience, with fans able to watch live games at 100% capacity in stadiums for the first time since 2019. Coins.ph will make use of the interactive games on selected matches to allow fans to win free crypto. At the same time, Coins.ph will also be featured on television ads throughout the season.

The PBA and Coins.ph both aim to provide economic benefits and promote professional growth opportunities to basketball fans through crypto education and engagement. Coins.ph will use its brand presence to increase public awareness of crypto and explain concepts such as blockchain, NFTs, and Web3 to basketball fans across the nation. The PBA is an ideal platform for these educational efforts, with some prominent players already involved in the crypto space. This partnership will extend that empowerment to fans as well.

“Basketball plays a very important part in the Filipino culture and that makes it a perfect match for Coins.ph, a proudly home-grown fintech brand in the Philippines. We are very excited to be the exclusive crypto partner of the PBA and look forward to bringing together exciting basketball games with the latest crypto trends. We have seen a surge in engagement with Web3 in the Philippines and we believe that more and more Filipinos are joining the crypto community. The PBA is a great platform to educate Filipinos on the crypto-economy and we value this opportunity to expand crypto market adoption,” said Wei Zhou, CEO of Coins.ph.

“The PBA is the 1st professional basketball league in Asia and is already an institution in the country. It is still unparalleled when it comes to professional sports entertainment. And partnering with Coins.ph will surely take the PBA a step further as it continues to improve and strengthen its position as one of the best leagues in the region. Furhterm the PBA is all about growth and improvement. Having Coins.ph will give fans the opportunity to engage in a new way and at the same time learn about the crypto community. We are thankful for Coins.ph for choosing us to be their partner, I am sure they will introduce new venues for fun and exciting activities, ” said Willie O. Marcial, PBA Commissioner.

The basketball community can expect more exciting details and activities as the season kicks off on June 5, 2022 at the Smart-Araneta Coliseum.

Category: Uncategorized
Tags: Coins.ph, Crypto, Fintech, Latest News, Wei Zhou
crypto-adoption-on-way-to-mainstream,-says-new-checkout.com-report

Crypto adoption on way to mainstream, says new Checkout.com report

April 6, 2022 Published by TheBlockchainExaminer.com

 

At the Bitcoin 2022 conference in Miami today, leading global payments provider Checkout.com debuted its Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022 report, pointing to increasingly positive trends in the adoption of and appetite for using digital currencies for eCommerce.

The comprehensive report independently surveyed a total of 30,000 consumers and 3,000 merchants in 11 countries*, looking at behaviors and sentiments regarding commercial activity using cryptocurrencies. The first chapter of the report hones in on the specific trends in the 18-35 year old age bracket, of which there were 16,000 participants.

According to the findings, crypto is rapidly gaining in appeal among younger demographics in particular, with 40% of 18-35 year old consumers wanting and planning to use cryptocurrencies to pay for goods or services within the next year. That’s up from less than 30% last year, and marks a substantial shift in attitude from digital currencies being seen as solely an investment vehicle to a means of doing business on a regular basis. It also sees consumers pacing ahead of online businesses, only 23% of which say they are planning to offer crypto payment as a method of payment by 2024.

This increased consumer openness to cryptocurrency is driven by a broader appetite for more convenient, safer payment methods. That is then matched by more merchants and third parties providing the underlying infrastructure to support those methods.

As a result, crypto is already having a material impact on merchants and the market overall. More than $2.5 billion worth of payments were made through Visa’s crypto-backed card in the first fiscal quarter of 2022 alone[1]. And those merchants that embraced cryptocurrency payments experienced net-new growth, with 82% saying those options allowed them to rapidly attract new customers and reach new demographics.

Almost 70% of the merchants surveyed believe that the speed with which crypto payments can be made and settled has the potential to revolutionize their business models—with over 80% of merchants with existing crypto-payment options saying it was easier to settle than using fiat currencies.

“We believe this is the largest consumer survey of its kind, and the findings present a clear evolution of attitudes towards cryptocurrencies around the world. This is a legitimate transition from the early adoption phase to one that’s more practical, pragmatic and positive overall,” said Jess Houlgrave, head of strategy for crypto at Checkout.com.

“This transition means there’s a groundswell in demand for fintech companies that can provide easy-to-deploy solutions and services to get merchants up and running with crypto payment options—and then help them optimize the process over time. We expect that trend to only get stronger over the coming year as we bridge more services into Web3.”

Consumer attitudes and trust

Even with a solid technology foundation underpinning crypto, the momentum can still be volatile. To date, vendors and merchants have made a considerable effort to build trust in these services. And the rising acceptance of crypto at a consumer level has started to influence the way larger corporates are working with digital currencies.

According to the Checkout.com report, over a third of survey participants—including CFOs and corporate treasurers—are increasingly interested in holding stablecoins on their balance sheets. They see this as a way to use decentralized finance for treasury management.

Some are going as far as planning to pay vendors and employees in stablecoins—primarily in response to demand from those audiences, with 51% of companies reporting that at least some employees had expressed an interest in being paid in crypto.

More broadly, new communities of content creators, gamers, and gig workers are embracing crypto.  Almost half (46%) of online creatives say their fans and audiences have sent them digital currencies to support their work. These communities are stretch-testing what is possible when it comes to the use of tokens and crypto, a preview of what’s to come in the mainstream.

One other likely scenario held by 65% of C-level executives is that Web3 will materially change the B2C dynamic as consumers increasingly become producers. This market is expected to be significant, with the gaming economy forecasted to hit $260 billion by 2025[2], and the size of the creator economy hitting $104 billion[3]–and expected to rise.

“The cryptocurrency world is maturing and is increasingly being driven by utility, pragmatism and empowerment,” added Houlgrave. “Checkout.com sees the potential for cryptocurrency to not only transform the way people transact, but also to potentially reinvent the dynamics of the entire digital economy.”

The full report Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022 is now available for download at www.checkout.com/campaigns/demystifying-crypto. To learn more about Checkout.com’s solutions for the crypto community, visit checkout.com/crypto.

*Report Methodology

The Demystifying Crypto report draws from an independent survey of 30,000 consumers and 3,000 merchants based in the US, UK, France, Spain, Italy, Germany, The United Arab Emirates (UAE), The Kingdom of Saudi Arabia (KSA), Hong Kong (HK), Singapore and Australia. The research was fielded via market research platform Qualtrics between February 2 – March 1 2022.

The majority of our sample have not yet held a digital asset but 40% plan to do so in 2022. A quarter of the sample identifies as keen gamers and 1% as professional gamers. The survey was conducted online and is therefore highly skewed towards a population with internet access and 86% of respondents own a smartphone. The consumer data has been represented as statistics per total population in each country surveyed. Businesses surveyed are digital-first platforms and marketplaces, Saas, gaming and entertainment, fintech and eCommerce merchants. Job titles surveyed included CEOs, CFOs, COOs, Group Treasurers, heads of eCommerce, payments leaders and other senior finance leaders.

Category: Uncategorized
Tags: Bitcoin 2022, Blockchain, Crypto, Jess Houlgrave, Latest News
founding-partner-cryptocom-helps-kick-off-investopia-summit;-crypto.com-announces-regional-hub-in-dubai

Founding Partner Crypto.com Helps Kick Off Investopia Summit; Crypto.com Announces Regional Hub in Dubai

March 28, 2022 Published by TheBlockchainExaminer.com

 

Investopia and Crypto.com, the world’s fastest growing cryptocurrency platform, today hosted the inaugural press conference for the Investopia Summit and to formally launch Crypto.com’s Founding Partnership. Following a Memorandum of Understanding (MoU) signing between Investopia and Crypto.com last week, the two organizations gathered to discuss how they will collaborate on meaningful projects that will accelerate the development of future economies and financial innovation.

Launched by the UAE Government in September 2021, Investopia brings together stakeholders from throughout global finance, technology and sustainability sectors to formulate innovative new platforms for economic progress, inclusion and diversity. As the exclusive global Cryptocurrency Trading Platform Founding Partner of the Investopia Summit, Crypto.com will play a prominent role in furthering the role of digital assets and their accompanying infrastructure by bringing sector-leading expertise and capability to such an important global platform.

“The United Arab Emirates is committed to championing the industries of the future and to developing an ecosystem that attracts pioneers, innovators and investors to bring them to fruition,” commented H.E. Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade and the Minister in Charge of Talent Attraction and Retention. “Cryptocurrencies, virtual assets and the blockchain are exciting new sectors that are already revolutionizing how money, information and value is stored and transferred. The UAE is now developing a robust governance and regulatory framework to ensure that we are providing a best-in-class environment for companies in this space to flourish – and to position the UAE as the ideal platform for disruptive ideas with global impact.”

“At a time of unprecedented change in the world, with new centres of growth and important financial markets emerging, there is ever greater demand for innovative cross-border investment mechanisms as well as long-term sustainable solutions,” said Eric Anziani, Chief Operating Officer of Crypto.com. “The role of technology, advanced AI, and quantum computing is driving the need for digital assets and cryptocurrencies, which also supporting greater financial inclusion. Our partnership with Investopia will enable us to progress these aims and on a global scale.”

Crypto.com further highlighted the event’s inaugural press conference by announcing its long-term commitment to the region with the establishment of its regional hub office in Dubai. Crypto.com is focused on establishing a significant presence in the market and will be launching a substantial recruitment drive in the coming months to achieve this goal.

For further inquiries please contact [email protected]

SOURCE Crypto.com

Category: Uncategorized
Tags: Blockchain, Crypto, cryptocurrencies, Dr. Thani Al Zeyoudi, Eric Anziani, Investopia, Latest News
huobi-tech-launches-crypto-market-integrity-coalition-to-counter-market-abuse-and-manipulation

Huobi Tech Launches Crypto Market Integrity Coalition to counter market abuse and manipulation

February 8, 2022 Published by TheBlockchainExaminer.com

 

Huobi Technology Holdings Limited (“Huobi Tech” or the “Company”, stock code: 1611.HK) is pleased to announce the launch of the Crypto Market Integrity Coalition (“CMIC”), an industry-defining collaboration of industry players focused on combating market abuse and manipulation to support the cultivation of a fair digital asset marketplace, jointly with other leading crypto firms like Coinbase. The coalition will also prioritize the building of public and regulatory confidence in virtual asset classes. Huobi Tech is one of the founding coalition members, and the only Asian one.

The coalition, which introduces a pledge of commitment to safer markets and working with regulators, is co-founded by 17 leading virtual asset institutions, including Coinbase, Solidus Labs, CryptoCompare, Global Digital Finance and The Chamber of Digital Commerce.

The group is currently inviting all industry members committed to advancing market integrity to join the coalition. Through the pledge, the coalition seeks to send an unequivocal message at this critical juncture in the evolution of digital assets: The virtual asset industry has made enormous strides to improve market integrity in the past few years and virtual asset firms are keenly aware of the concerns that still need to be addressed. They are committed to engaging with regulators to advance solutions to virtual-assets’ unique challenges.

“Compliant growth is our topmost priority, and we believe that the development of compliance in the virtual assets industry will not only be driven by regulatory agencies, but also be shaped by the internal demands of the leading industry players,” says Simon Wu, CEO and Executive Director of Huobi Tech. “This confluence of regulatory and industrial commitment will promote the adoption of higher security and compliance standards in the virtual asset industry.”

The market integrity pledge introduced by the coalition is focused on a commitment to continuously strive towards higher standards of market integrity, risk monitoring, consumer protection and compliance, in order to maintain fair and orderly digital asset markets and prevent market abuse. CMIC will continue to engage with more leaders in the digital asset community to encourage more firms to take the pledge and demonstrate commitment to market integrity.

“Faced with enormous opportunities introduced by the rise of virtual assets, Huobi Tech hopes to fulfill the role of a bridge between the traditional financial services world and the virtual asset industry,” says Simon Wu, CEO and Executive Director of Huobi Tech. “As the only Asian founding member in the Coalition, we will support the development of the coalition worldwide, and especially in Asia, including advancing training programs, sharing insights and research, engaging in dialogue  with regulators and promoting data-sharing and shared-surveillance frameworks.”

Huobi Tech will promote the establishment of a compliant and transparent market and high standards through our own endeavors, and assist in addressing virtual asset and decentralized finance’s unique cross-market supervision challenges, so as to build a gateway between traditional financial services and the world of virtual assets.

Category: Uncategorized
Tags: Blockchain, Crypto, Executive Director, Huobi Technology, Latest News
defiance-launches-the-first-etf-focused-on-nfts,-$nftz

Defiance Launches the First ETF Focused on NFTs, $NFTZ

December 2, 2021 Published by TheBlockchainExaminer.com

 

“NFTs could be bigger than the internet,” says Sylvia Jablonski, Co-founder and Chief Investment Officer of Defiance ETFs.

$NFTZ offers investors thematic exposure to the NFT (Non-Fungible Tokens), blockchain and cryptocurrency ecosystems, which include NFT marketplaces and issuers such as Coinbase and Playboy.

The NFT revolution will fundamentally change the economic model for artists, athletes, creators, and many more industries that we can’t even conceive of today. “In October, all time NFT trading volume surpassed $15 Billion,” says Jablonski.

About the Index: The BITA NFT and Blockchain Select Index aims to track the performance of a portfolio of publicly listed companies with relevant thematic exposure to the NFT (Non-Fungible Tokens), blockchain and cryptocurrency ecosystems. The index is rules-based and rebalanced on a quarterly basis.

Risk Disclosure
Investing involves risk. Principal loss is possible. As an ETF, the fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The Fund is not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index.

The Index, and consequently the Fund, is expected to concentrate its investments (i.e., hold more than 25% of its total assets) in the securities of Crypto and Blockchain Companies. As a result, the value of the Fund’s shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries.

The mechanics of using blockchain technology to transact in digital or other types of assets, such as securities or derivatives, is relatively new and untested. There is no assurance that widespread adoption will occur. A lack of expansion in the usage of blockchain technology could adversely affect Crypto and Blockchain Companies. Transacting on a blockchain depends in part specifically on the use of cryptographic keys that are required to access a user’s account (or “wallet”). The theft, loss, or destruction of these keys could adversely affect a user’s ownership claims over an asset or a company’s business or operations if it was dependent on the blockchain.

The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance.

Investments in non-U.S. securities involve certain risks that may not be present with investments in U.S. securities. For example, investments in non-U.S. securities may be subject to risk of loss due to foreign currency fluctuations or to political or economic instability. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer.

The BITA Next Gen NFT Index is a rules-based index that consists of the common stock (or depositary receipts) of companies that are building a platform or developing technology to use, or have at least one use or test case for using, NFT (Non-Fungible Token), cryptocurrency trading platforms, cryptocurrency mining, cryptocurrency banking or related services, or blockchain-related technology, as well as companies that have announced publicly that they intend to enter such space or have begun working on such products (collectively, “Crypto and Blockchain Companies”). The Index consists of companies listed on North American and European exchanges and aims to capture the potential upside generated by earnings related to the adoption of crypto- and blockchain-related technologies, including NFTs and cryptocurrency.

NFTZ is new with a limited operating history.

Go to defianceetfs.com/NFTZ to read more about NFT including current performance and holdings information. Fund holdings are subject to change and should not be considered recommendations to buy or sell any securities.

The Defiance ETFs are distributed by Foreside Fund Services, LLC.

The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contain this and other important information about the investment company. Please read carefully before investing. A hard copy of the prospectuses can be requested by calling 833.333.9383 or at defianceetfs.com.

SOURCE Defiance ETFs

Category: Uncategorized
Tags: Blockchain, Blockchain Companies, Crypto, Latest News

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