Seychelles, Seychelles, December 16th, 2024, Chainwire
On November 27, 2024, BYDFi announced its official membership in South Korea’s CODE VASP Alliance. The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Korea’s regulatory standards for crypto transactions. CODE formally welcomed BYDFi’s participation at the same time as a post. This important moment reflects BYDFi’s great attention to compliance and determined action and marks the crypto industry’s gradual progress toward a more transparent, secure, and trustworthy future.
CODE VASP: A Core Force for Compliance in Korea
The CODE VASP, founded by Korea’s top three crypto exchanges, Bithumb, Coinone, and Korbit, is Korea’s only industry platform focused on “Travel Rules” compliance. The Alliance aims to provide technical support to Virtual Asset Service Providers (VASPs) to fully comply with the Global Travel Rules requirements set by the Financial Action Task Force (FATF), thereby meeting stringent Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) standards.
Integrating the compliance services of VerifyVASP, BYDFi moved in step with strict regulations set by South Korea under the Act on Reporting and Using Specific Financial Transaction Information. The move will improve safety and transparency for cross-platform asset transfers and establish BYDFi as a secure and compliant platform.
BYDFi Official Insights: Why Joining the CODE Alliance Matters
Michael, Co-founder of BYDFi, emphasized the importance of this partnership: “After a year of dedicated effort, we are thrilled to announce our successful integration with CODE VASP’s compliance solution. This milestone ensures that BYDFi fully complies with South Korea’s latest AML regulations, marking significant progress in our global compliance strategy. This collaboration not only strengthens our platform but also enhances user security, underscoring our commitment to delivering a world-class crypto trading experience.”
This is an important milestone for BYDFi in its proactive approach toward compliance and innovation. The exchange is going to provide a secure and transparent home for trading with a view to cater to the demands of the South Korean market.
About BYDFi
Forbes-recognized among the top 10 global crypto exchanges, BYDFi offers access to over 600 tokens and supports leverage trading up to 1:200x. The integration with popular payment providers like Banxa, Transak, and Mercuryo facilitates buying cryptocurrencies, making it seamless and cost-effective for users of all backgrounds to purchase cryptocurrencies.
The “BYDFi Copy Trading” function, soon to be launched, enables users to follow and reproduce the strategy of a top trader with just one click in order to optimize investments for maximum results. Continuing to develop innovative functions and always upholding the user-oriented philosophy, BYDFi is reaching the front line among the global leaders of safe, reliable, and intelligent crypto trading solutions.
BYDFi Contacts
For inquiries and support, users can reach BYDFi via the following:
Website: https://www.bydfi.com
Support Email: CS@bydfi.com
Business Partnerships: BD@bydfi.com
Media Inquiries: media@bydfi.com
To stay connected with BYDFi through social media platforms:
Twitter( X )| LinkedIn| Facebook | Telegram| YouTube
Contact
Senior Media Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com
Victoria, Seychelles, December 16th, 2024, Chainwire
Bitget is excited to announce that AI Rig Complex (ARC) will be listed in the Innovation, AI, and Meme Zone.
Users can check out the details below:
- Deposit Available: Opened
- Trading Available: 14 December 2024, 14:00 (UTC)
- Withdrawal Available: 16 December 2024, 12:00 (UTC)
- Spot Trading Link: ARC/USDT
Introduction
Arc is an emerging AI open-source framework developed by Playgrounds Analytics Inc. It is used to build modular and scalable artificial intelligence applications, deploy AI agents, and is developed using the Rust programming language. The ARC token is the native currency of the Arc framework.
Contract Address(SOL):
61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget
Disclaimer
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Contact
Public Relations
Media
Bitget
media@bitget.com
Victoria, Seychelles, December 16th, 2024, Chainwire
In order to provide a better trading experience, Bitget has suspended EZSWAP-Manta NetWork deposit services starting from December 15, 2024 (UTC) until a later announcement is made.
Any inconvenience caused is sincerely regretted, and understanding is greatly appreciated. Updates will continue to be provided through official channels.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget
Disclaimer
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Contact
Public Relations
Media
Bitget
media@bitget.com
Victoria, Seychelles, December 16th, 2024, Chainwire
Bitget is pleased to announce that they have resumed EZSWAP-Manta NetWork withdrawal services. They apologize for any inconvenience caused during the suspension of these services, and thank the users for their patience and support!
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget
Disclaimer
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Contact
Public Relations
Media
Bitget
media@bitget.com
Victoria, Seychelles, December 15th, 2024, Chainwire
Bitget is excited to announce the listing of the LaunchX project Fuel Network (FUEL).
Bitget LaunchX is an innovative token distribution platform designed for the Web3 community. It enables users to discover promising projects early and gain access to project tokens during their launch stage.
About the project
Fuel combines several innovative features in order to bring new capabilities to the Ethereum ecosystem, without making any compromises. Fuel rollups have parallelized transaction execution, native account abstraction, and support for wallets of all networks.
Fuel Ignition delivers high throughput (>600 TPS) and cost efficiency (minimum cost of <$0.0002 per transaction), making it a leading Optimistic rollup on Ethereum. Since launch, Fuel Ignition has surpassed $400 million in total value locked (TVL).
Fuel Network LaunchX details
● Coin name: Fuel Network (FUEL)
● Total supply: 10,000,000,000 FUEL
● LaunchX volume: 275,000,000 FUEL (2.75% of total supply)
● Exchange rate: 1 FUEL = 0.02 USDT
● Commitment method: USDT
● Individual hard cap (USDT): 5000
● Individual min. commitment (USDT): 20
● Individual subscription cap (FUEL): 250,000
How LaunchX works
1. LaunchX adopts a commitment-subscription model. The more committed, the larger the subscription share!
2. Bitget LaunchX participants can calculate their new coin allocation according to the following formula: new coin allocation for a user = (user’s commitment amount ÷ total commitment amount of all users) × total tokens sold in the current LaunchX promotion.
3. The commitment amount for each user cannot exceed the individual commitment limit, and the allocation of new coins to each user cannot exceed the individual subscription limit.
How to participate:
1. Logging in to Bitget account.
2. Web: Clicking on Launchhub in the navigation bar, and selecting LaunchX from the dropdown menu, or visiting here for quick access. App: Opening the Bitget app, tapping LaunchX in the quick access section, or finding LaunchX under More.
3. Visiting the project’s details page. If the project is in the subscription phase, tap Subscribe Now and enter a commitment amount in the pop-up window, and tap Confirm. If the subscription period hasn’t begun, please check back later.
4. After the subscription is complete, the coins will become viewable in the spot account following the distribution. If the amount of new coins received from the subscription is less than the actual commitment amount, any excess funds will be unlocked and returned to the spot account after the distribution period ends.
Fuel Network (FUEL) LaunchX timeline
Subscription phase: December 17, 02:00 – December 19, 02:00 (UTC)
FUEL distribution phase: December 19, 02:00 – December 19, 10:00 (UTC)
FUEL/USDT spot trading listing time: December 19, 10:00 (UTC)
Notes:
1. What are the requirements to participate in LaunchX?
To ensure a safe and compliant environment, Bitget LaunchX requires all users to complete identity verification. Sub-accounts and restricted accounts are not eligible to participate.
2. How much can users commit in LaunchX and how many new coins can users subscribe to?
Each LaunchX public sale has an individual commitment limit, which cannot be exceeded. Additionally, there may be an individual subscription limit, specifying the maximum number of new coins one can acquire in each public sale.
3. When can the new coins be expected after committing?
The new coins will be calculated and distributed before the distribution period ends. Due to batch processing of data, there may be a delay in the distribution. Bitget appreciates the users’ patience. LaunchX income and expenses can be tracked in Assets > Spot Account > Spot Records.
4. Can users withdraw committed funds at any time?
No, once committed, the funds cannot be withdrawn at any time. After the new coins are distributed, if the number of new coins received is less than the actual committed amount, any excess funds will be unlocked after distribution.
Terms and conditions
1. Users must complete identity verification to participate in the promotion.
2. All participants must strictly comply with Bitget’s terms and conditions.
3. Sub-accounts, institutional accounts, and market maker accounts are not eligible for the promotion.
4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found.
5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.
6. Bitget reserves the right of final interpretation of the promotion. Users may contact customer service if they have any questions.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget
Disclaimer
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Users can sign up on Budget Now >>>
Contact
Public Relations
Media
Bitget
media@bitget.com
London, united kingdom, December 15th, 2024, Chainwire
Pepeto is currently in its presale phase, with tokens priced at $0.000000098 per token.
Pepeto distinguishes itself with advanced features, including a zero-fee cross-chain bridge, an exchange tailored for the next generation of memecoins, and a staking platform aimed at rewarding participants for sustained engagement.
The official website for Pepeto is https://pepeto.io Users should exercise caution and not visit any unofficial platforms or google sponsored websites.
Pepeto’s Community Engagement through Thematic Storytelling
Pepeto sets itself apart with an engaging narrative, anchored by the God of Frogs’ quest to gather six sacred documents—P, E, P, E, T, and O. This storyline has generated interest across social media platforms, fostering interaction within its community and contributing to its visibility
Youtube: https://www.youtube.com/watch?v=xr9cEK6v9d0
Combining Utility and Innovation for the Future of Memecoins
As Pepeto’s presale progresses, the project emphasizes its combination of utility-focused technology and thematic storytelling. Its bridge and exchange technology works to provide offer practical solutions and value for the next generation of memecoins, meant to position Pepeto as a noteworthy player in the space. With its current presale price, Pepeto draws comparisons to the early trajectories of well-known memecoins.
Roadmap Progress Q1 2025 and Early Opportunities
Pepeto has completed its Q4 2024 roadmap and is actively advancing Q1 2025 milestones. The project highlights its exchange ecosystem as a central feature, designed to support user engagement. Currently priced at $0.000000098 and sharing the same total supply as Pepe (420T), The project highlights its focus on offering innovative features designed for the memecoin ecosystem.
Pepe Tokenomics: Total Supply, Price Action
Pepeto continues to make progress on its roadmap, emphasizing platform development to support bridge and exchange functionalities. The upcoming platform upgrade is designed to enhance utility and provide tools for emerging blockchain projects, aligning with its commitment to fostering community engagement
Interested users can find the roadmap here: https://pepeto.io/en#roadmap
Pepeto highlights its affordability and community-oriented features as it develops tools aimed at enhancing engagement within the blockchain ecosystem.
About Pepeto
Pepeto is a memecoin project designed to integrate cross-chain utility with community-driven development. Offering zero-fee trading, blockchain bridge functionality, and a staking rewards program, Pepeto seeks to combine accessibility with practical features. The project emphasizes interoperability and long-term value, fostering a dedicated user base through its ecosystem innovations and community-focused.
To learn more about Pepeto’s progress and upcoming features, visit https://pepeto.io/
Social Media:
- X (Twitter): https://x.com/Pepetocoin
- YouTube Channel: https://www.youtube.com/@Pepetocoin
- Telegram Channel: https://t.me/pepeto_channel
- Instagram: https://www.instagram.com/pepetocoin/
- TikTok: https://www.tiktok.com/@pepetocoin
Disclaimer
The official website for Pepeto is https://pepeto.io Be cautious of unofficial platforms and google sponsored websites attempting to exploit users. Always use the official site.
Pepeto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact
Pepeto team
contact@pepeto.io
Dubai, United Arab Emirates, December 13th, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, continues to reinforce its commitment to transparency and regulatory compliance. In response to evolving regulations, Bybit has made the difficult but necessary decision to temporarily adjust the availability of its products and services within the European Economic Area (EEA).
Paving the Way with MiCAR Compliance
Bybit is actively pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria, a cornerstone of its compliance-first approach. This effort underscores Bybit’s dedication to aligning with stringent European regulatory standards, enhancing user protection, and delivering a secure trading environment.
“Obtaining the MiCAR license will be a strategic milestone for Bybit,” said Ben Zhou, Co-founder and CEO of Bybit. “Our proactive stance ensures that we meet and exceed the expectations of both regulators and our users, as we work toward a future where innovation and compliance coexist seamlessly.”
Temporary Adjustments to EEA Operations
To ensure ongoing compliance with applicable regulatory laws, particularly regarding reverse solicitation, Bybit has made the difficult decision to generally cease all communication with the EEA region. This measure is intended to avoid any potential breach of the strict reverse solicitation principle. Existing customers’ access to their crypto assets remains uninterrupted.
Although this was a challenging decision, it was necessary for Bybit to maintain its compliance-first approach. Bybit is actively working towards obtaining a MiCAR license in Austria to become one of the first players in the EEA. Once the appropriate licensing is secured, Bybit will start engagement with its EEA clients in accordance with applicable laws.
Balancing Innovation with Compliance
“As cryptocurrency adoption continues to grow globally, it is Bybit’s mission to deliver secure and reliable trading experiences underpinned by robust regulatory framework to all crypto communities,” said Ben Zhou, Co-founder and CEO of Bybit. “To ensure we meet the highest standards and pave the way for a safer and more sustainable future for the industry, we’ve made the proactive decision to temporarily adjust our operations in the EEA. This allows us to focus on obtaining the necessary licenses and ensuring a fully compliant platform focused on serving EEA clients.”
Commitment to the EEA Market
Bybit will be deeply committed to serving its EEA clients once it receives a MiCAR license. The company is actively engaging with regulatory authorities to expedite the licensing process and start full operations in the region.
Bybit appreciates the support of its users as it navigates this pivotal regulatory journey. For questions or assistance, users are encouraged to contact Bybit’s Customer Support team via Live Chat.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For media inquiries, please contact: media@bybit.com
Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com
Dubai, United Arab Emirates, December 13th, 2024, Chainwire
Prosper, a decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA), today announced the acquisition of over 7,000 ASIC miners from BITMAIN along with the successful closing of its strategic funding round.
- Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and more, Prosper has procured the new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol
- Prosper aims to expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations & democratise access to institutional-grade mining
Following the announcement of Prosper’s long-term partnership and hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers, this landmark purchase marks an instrumental step in Prosper’s mission to provide institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN’s cutting-edge products, Prosper enhances the value delivered to its $PROS token holders, further distinguishing itself as the premier Web3 Bitcoin mining protocol backed by leading industry players.
“Bitcoin brought about a fundamental shift in finance by democratizing an economic system in its entirety with blockchain technology. Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-through blockchain technology. This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin’s status as the most recognized digital reserve currency. ” said Milton Lam, Prosper Advisory Council Member.
Prosper’s Latest Development
- 1 EH/s of hashrate procured and ready to fully go live (with 250 PH/s live on Prosper’s dApp already)
- Access to pipeline capacity of 170MW with the mid-term goal of adding another 5 EH/s
- More than 2 BTC rewards given out to $PROS holders since November
- Access to more than 200 BTC to be delegated by launch partners to the DAO to unlock TVL opportunities for $PROS holders
Strategic Round Closure: Strengthening the Bitcoin Ecosystem
In addition to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, which saw participation from prominent industry players and financial investors, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Brands also disclosed its intention to purchase $PROS tokens from the open market.
These investments demonstrate the strong confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining power on-chain and its innovative approach to Bitcoin liquidity farming. The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper’s operations as it scales.
Positioning Prosper for Growth
- Prosper’s tokenomics adopts a unique design to ensure hashrate-per-token will only increase and be accretive to $PROS holders.
- Prosper’s DAO leverages a unique flywheel model with both hashrate and Bitcoin treasury operations – all governed by and for the benefits of $PROS holders.
- Institutional-grade hashrate generates Bitcoin on an ongoing basis, part of which is rewarded to holders for their active participation, and remaining goes to the DAO treasury.
- DAO’s treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners such as Bitcoin L2 to generate benefits for $PROS holders and the DAO.
- Growth in DAO treasury value and $PROS adoption allows the protocol to further expand underlying hashrate and enhance protocol resilience.
By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals, and an extensive network of strategic partners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).
Contact
Prosper
contact@prosper-fi.com
Santa Monica, CA, December 12th, 2024, Chainwire
The deal brings together industry leaders and sets the stage for the next era of decentralized digital identity
Dentity is proud to announce the acquisition of Trinsic’s decentralized identity assets, setting the stage for a dramatic expansion of Web3 identity solutions. These assets represents advanced decentralized identity infrastructure in the world, having enabled thousands of developers to build user-controlled identity features into their applications. With this move, Dentity aims to strengthen its position as a global leader in decentralized identity.
“Trinsic’s platform revolutionizes how consumers control and share their personal data,” said Jeff Schwartz, Founder and CEO of Dentity. “This acquisition brings us one step closer to creating a safer, more secure digital future, where individuals are fully in charge of their identity — and can potentially earn from it, not Big Tech.”
Riley Hughes, co-founder of Trinsic, shared, “Dentity stands out as the most successful product built on our decentralized identity platform. Their consumer scale and impressive ecosystem of partners will allow Trinsic’s technology to touch millions more, making Dentity the perfect place for this platform to reach its potential.”
Dentity has joined Trinsic’s Identity Acceptance Network, which enables seamless identity verification through digital IDs in web3 wallets like Dentity, mobile driver’s licenses, and eID apps. Trinsic’s network gives 100 million consumers instant access to Dentity’s products and ecosystem partners.
The Need for Digital Identity
In a world where fraud, online scams, and identity theft are on the rise, digital identity offers a powerful solution. In fact, online grooming crimes have surged 89%, and romance scams are up 160%. This explosion of fraud highlights a major challenge — anonymity online is both a tool for bad actors and a barrier to trust.
Decentralized identity is the key to unlocking trust online. It empowers consumers to securely share only what’s necessary, whether they’re buying, selling, dating, or participating in the growing Web3 economy. For the first time, individuals — not third parties — control their data, cutting out the middlemen who earns from consumer information.
The Timing
Consumers are increasingly dissatisfied with how their data is controlled by large tech companies. Over 75% of people don’t trust Big Tech with their personal information, and they’re demanding more control over their digital lives. Gartner predicts that by 2026, 500 million smartphone users will regularly use a digital identity wallet — a testament to the growing need for decentralized digital identity solutions.
Combining Trinsic’s powerful identity technology with Dentity’s consumer apps and distribution channels accelerates the adoption of reusable, verified digital identities — helping to combat fraud, streamline online interactions, and give users the tools to manage their data.
“The convergence of rising online fraud and consumer demand for more privacy-driven solutions makes this the perfect time for Dentity to scale,” stated Schwartz
A Multi-Billion Dollar Opportunity
The market for digital identity is projected to reach $325 billion by 2027, and with this acquisition, Dentity is uniquely positioned to capture its share. The acquisition not only unlocks new growth opportunities but also helps Dentity and its partners scale faster and reach a wider range of developers looking to integrate decentralized identity into their platforms.
“The future of Web3 and digital identity is about empowering individuals, reducing online fraud, and making the internet a more trustworthy place. We’re building a future where digital trust is easy, secure, and owned by the individual.”
About Dentity
Dentity makes it easy for people to build and manage digital trust online. They empower individuals to create, control, and verify their identity credentials, allowing them to securely share private data with the people and organizations they interact with. Dentity powers one of the world’s most advanced decentralized identity infrastructure, enabling thousands of developers to integrate user-controlled identity features into their applications. Dentity gives millions of consumers full ownership and control over their digital identities. Users can visit www.dentity.com for more information.
About Trinsic
Trinsic is the first identity acceptance network, facilitating 10x faster identity verification for 95 million consumers. Its product acts as a gateway into dozens of identity networks, mobile driver’s licenses, and eID apps. Companies use Trinsic to check for a digital ID before asking users to upload a physical ID document for verification. Since founding in 2019, Trinsic has raised $9.4 million from Georgian, Kickstart Seed Fund, Osage Venture Partners and notable angel investors from the identity space. Users can visit trinsic.id to learn more.
Contact
Founder and CEO
Jeff Schwartz
Dentity
jeffrey@dentity.com
818-481-9161
Panama City, Panama, December 12th, 2024, Chainwire
PoSciDonDAO, an emerging organization in the Decentralized Science (DeSci) domain, has announced the launch of a decentralized autonomous organization (DAO) dedicated to funding personalized medicine research. Leveraging blockchain technology, PoSciDonDAO aims to improve efficiencies and transparency in research funding while enabling global collaboration to address life-altering diseases such as cancer, multiple sclerosis, and Alzheimer’s disease.
A Vision for Advancing Patient Care
Personalized medicine, which tailors treatments to patients based on genetic and molecular profiles, offers a path toward more effective therapies and better patient outcomes. This field has been hindered by limited funding and systemic inefficiencies. PoSciDonDAO’s mission is to address these challenges by providing resources to explore novel approaches such as viro-immunotherapies and gene and cell therapies.
By funding early-stage, pre-patented research, PoSciDonDAO seeks to drive innovation from academic labs to commercial viability. This initiative is designed to improve healthcare outcomes for patients worldwide by advancing patient-tailored therapies and making innovative treatments more accessible.
Empowering Community Governance
PoSciDonDAO introduces incentive models to foster long-term engagement among scientists, innovators, and DeSci enthusiasts. Its governance framework enables community members to actively participate in DAO operations and funding decisions, ensuring resources are allocated to projects aligned with the shared goal of advancing personalized medicine.
Building Partnerships in Decentralized Science
Since its inception, PoSciDonDAO has been an active participant in Decentralized Science discussions and collaborations. Notably, it engages with other DeSci initiatives such as the Health Data Alliance, which includes projects like AxonDAO, DataLake, and Hippocrat, underscoring its commitment to advancing the DeSci movement. More partnerships and collaborations will be announced in the near future.
About PoSciDonDAO
By combining blockchain technology with scientific innovation, PoSciDonDAO is establishing a collaborative platform for research in personalized medicine. This approach aims to accelerate discoveries and democratize access to resulting treatments, benefiting patients and healthcare systems globally. The PoSciDonDAO team includes experts in virology, immunology, oncology, epidemiology, and Web3. With in-house expertise and contributions from its community members, the DAO can identify which projects have the most potential to impact the personalized medicine field.
The PoSciDonDAO token (SCI) is central to the DAO’s governance model, allowing community members to participate in decision-making processes. This decentralized and transparent mechanism ensures resources are directed toward impactful research projects.
For more information about PoSciDonDAO, users can visit the official PoSciDonDAO website.
Joining the Community
PoSciDonDAO offers scientists, innovators, and DeSci enthusiasts to become part of this transformative initiative. By advancing research in personalized medicine, PoSciDonDAO aims to contribute to improved therapies and better outcomes for patients worldwide.
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Disclaimer
The information provided herein is for informational or educational purposes only and does not constitute financial, legal, or tax advice. Any purchase, sale, or other transaction related to SCI tokens is undertaken at the sole discretion and risk of the participant. PoSciDonDAO does not assume responsibility for any loss, damages, or other consequences arising out of such transactions.
The SCI token is not and shall not be offered or sold to persons in the United States or individuals/entities on OFAC sanctioned lists. Further, this release does not constitute an offer to sell or a solicitation of an offer to buy any securities or financial instruments in any jurisdiction. Participants are strongly encouraged to conduct their own due diligence and seek independent advice from qualified legal, tax, or financial advisors before engaging with SCI tokens, blockchain technology, and digital assets generally. Participation in any token-related activities is subject to compliance with applicable laws, regulations, reporting, and eligibility requirements, including KYC/AML processes. PoSciDonDAO makes no guarantees or promises regarding the future performance, value, or regulatory compliance of the SCI tokens.
Contact
Marketing Representative
Ayat Abourashed
PoSciDonDAO Foundation
ayat@poscidon.com