News - Page 8

Kyiv, Ukraine, 13th October, 2022, Chainwire

---

Primex Finance, the first-ever cross-chain prime brokerage protocol, launches the Primex Beta on the Ethereum Goerli testnet. The Beta version allows users to experiment with the protocol’s cross-DEX spot margin trading. With the Beta launch, Primex also introduces the new Referral Program for early users, offering benefits to early registrants and referral-based rewards.

DeFi holds the potential to financially empower investors and traders in ways that were previously unimaginable in the traditional financial world. Despite that, most of the existing DEXs with margin trading features still use centralized trade execution mechanisms and feature a limited number of assets available for margin trading as derivatives.

Primex decentralizes the trade-execution mechanism to enable a wider variety of actions on DEXs. Instead of centralized order books, all automated trade executions on Primex are carried out by a network of Keepers. Consequently, decentralization can be maintained throughout the entire trading process, from creating an order to closing the position.

The Beta version of Primex’s protocol introduces key features, such as:

• Spot trading without leverage: Primex Traders will now be able to use different types of orders—stop loss, take profit, and limit orders—for non-leveraged spot trades in a decentralized manner, facilitating the trade of cryptocurrency pairs without leverage.
• Primex Splitter: A new mechanism that functions as an aggregation solution that splits up swaps across multiple DEXs and helps users make their trades more efficiently by reducing slippage and finding the best swap rates, without any additional fees.
• Open Position and Order Modification: Introducing the ability for users to modify the deposit, Take Profit/Stop Loss (TP/SL), limit price, and leverage of open orders.
• Partial Position Close: Traders now have the ability to partially close an open position. When a position is partially closed, the returned funds are distributed between the Credit Bucket and the Trader, depending on debt size.
• Spot Orders and Positions Data: Expanded data display to include information about each Trader’s spot orders and positions.
• WalletConnect Integration: In addition to MetaMask, users can now use WalletConnect, widening the variety of crypto wallets connected to Primex.
• New DEX Integrations: Primex Beta supports two new DEXs (Curve and Balancer), as well as Uniswap v3 pools with different fees.
• Bucket Reserves: A new mechanism that automatically moves part of the traders’ fees to the Reserve Pool of each Credit Bucket to insure them against potential losses.
• Multi-Language Support: The Primex platform is now available in seven more languages to provide access to a more localized and user-friendly experience.

In addition to the new mechanisms introduced with Primex Beta, the Referral Program offers rewards in exchange for inviting new users to the platform. Connections and referral contributions are automatically tracked utilizing smart contracts to store the data transparently on-chain. Furthermore, the Early User Program grants participation in private challenges for a chance to earn exclusive prizes and access to the Primex private Discord channels. Ultimately, early users can also participate in the Ambassador Program to earn exclusive ambassador-only rewards.

“We are right on track to fulfilling our mission of defragmenting the DeFi markets via the new prime brokerage protocol that offers users open access to a truly decentralized spot margin trading experience across numerous DEXs and blockchains,” says Vlad Kostanda, Co-Founder and CEO of Primex. ”This new upgrade will enhance how the protocol works while bringing our team one step closer to Primex’s mainnet launch.”

About Primex Finance
Ukrainian-led Primex Finance is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms. Lenders will have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies. For more information visit https://primex.finance/, or visit the Primex blog.

Contact

CMO
Anton Demenko
PrimexLabs OÜ
info@primex.finance

---

Cryptocurrency platform Crypto.com will set up its European regional headquarters in Paris, the Singapore-based company said on Wednesday.

The firm will invest 150 million euros ($145.7 million) in France to support the establishment of its market operations, it said in a statement, adding it will hire local talent in the fields of compliance, business development and product.

The cryptocurrency exchange platform, which has more than 50 million users worldwide, received regulatory approval by the French market authority last month, allowing it to offer products and services to customers in France.

Crypto.com also got regulatory approval in the United Kingdom and Italy earlier this year.

In May, cryptocurrency exchange Binance said it had registered with France’s market regulator, with Binance France’s general manager David Prinçay adding it was now seeking a formal licence to open a regional headquarters in France.

 XT.com, the world’s first social-infused exchange, is thrilled to announce the listing of the BIVE token in its Main Zone. With the new token listing, users can trade BIVE seamlessly on the trading platform of XT. 

The BIVE token listing is expected to be open to trade at 08:00 UTC on Oct. 13, 2022. This, in turn, makes it beneficial for both the XT community as well the BIVE users. While the users of XT can trade better with newer tokens being listed, the BIVE community can trade on a global platform with a huge audience. BIVE’s initial decentralized exchange offering sold out in 20 seconds on XT Starter, which is a great sign for Bizverse on XT. 

BIVE is the main currency of the Bizverse ecosystem and is a utility token that can be used for several purposes, such as buying, selling or leasing properties in the form of vrMalls and renting or leasing the vrExpo event organization system. 

BIVE token staking benefits

The BIVE token runs on BNB Smart Chain and is open to expanding to multichain in the future. The token plays a central role in the Bizverese ecosystem, and in almost all the activities within the ecosystem, the token has its corresponding use cases. 

BIVE users also get the privilege of taking part in network governance. The tokenholders and users can participate in the system governance process through voting. They can also delegate the voting rights to another player if they don’t wish to participate directly. 

The contactless economy operates the whole trading, exchange, trading and mining business in Bizverse. This is a real economy, letting users bring trading activities in the real world into vrMalls, vrStores and exhibitions. With this new economic model, users can earn extra income by playing, watching, shopping, building and more. All are perfectly integrated into Bizverse, providing a full virtual universe for business operations based on virtual reality and the crypto world.

About Bizverse

Bizverse is a metaverse and digital twin world aiming toward a contactless economy, a project defined by the concept of meta economy, a combination between the metaverse and business worlds, to build a virtual reality environment, a real metaverse for business activities. 

With superior 3D and virtual reality 360 technologies, stores, booths, and billboards in the Bizverse world are presented as 3D models combined with VR360, giving users unique VR experiences as well as an objective picture of products. Users can even insert your sales pages and websites into the Bizverse environment or hire advertising billboards in the lobby, thereby reaching potential customers in both real and virtual markets.

Despite the crypto market slump, Bizverse has successfully raised $4.5 million in seed and private rounds by leading venture funds. The project has now reached 300,000 active users on Bizverse Social, 200 million+ posts and 28 million+ comments on social platforms. 

Bizverse, along with six other startups that are putting a lot of attention on the metaverse and blockchain, was honored to participate in the fourth accelerator program of Meta’s TTC Labs.

• Website: https://bizverse.io/ 
• Telegram: https://t.me/bizverseworld
• Twitter: https://twitter.com/BizverseWorld
• Discord: https://discord.com/invite/xUHHBCJx73

About XT.Com

By consistently expanding its ecosystem, XT.com is dedicated to providing users with the most secure, trusted and hassle-free digital asset trading services. Our exchange is built from a desire to give everyone access to digital assets regardless of where you are. 

Founded in 2018, XT.com now serves more than 6 million registered users, over 500,000+ monthly active users and 40+ million users in the ecosystem. Covering a rich variety of trading categories together with an NFT aggregated marketplace, our platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.

As the world’s first social-infused digital asset trading platform, XT.com also supports social networking platform-based transactions to make our crypto services more accessible to users all over the world. Furthermore, to ensure optimal data integrity and security, we see user security as our top priority at XT.com. 

• Website: https://www.xt.com/
• Telegram: https://t.me/XTsupport_EN
• Twitter: https://twitter.com/XTexchange

---

London, UK, 12th October, 2022, Chainwire

---

MetaFi platform Choise.com has launched a new Price Prediction Challenge for its CHO token with a total prize fund of $1,500,000. The goal of the challenge is to correctly guess what the price of CHO is going to be on March 24, 2024. The prize for taking first place will be $1,000,000. The remaining $500,000 will be distributed between the other winners. 

Choise.com is an ecosystem that combines all the advantages of centralised (CeFi) and decentralised (DeFi) financial services into a simple-to-use, reliable one-stop shop. The platform is designed for everyone, from crypto novices to experts, and allows users to take advantage of farming, decentralised exchanges, liquidity pools, interest accounts, and other features to earn on their digital assets with just a tap of a button.  

The new Price Prediction Challenge is one of the many earning options that Choise.com offers to its users. It is the first challenge of its kind, as the $1M it offers is quite possibly the largest grand prize ever set up in such a competition in the history of the crypto market. 

To participate in the challenge, users will need to make a Twitter post about what they think the price of the CHO token will be on March 24, 2024, and write out the reason why they think it will be so. Additionally, the user will have to include the hashtag #CHOprediction, tag @ChoiseCom, and attach a link to the Choise.com/million4cho website. 

Up to 1000 winners can receive prizes for winning the challenge. The top prize is $1,000,000, while the remaining $500,000 will be divided among the other 999 participants, depending on how close their predictions are to the real CHO market price. 

To increase the chances of winning, users can also complete tasks that Choise.com offers in Gleam in exchange for special points. If the price prediction turns out to be correct for several users at once, then the winner is selected between them by the number of points they scored. The details for the tasks are explained on the challenge website page. 

“There have been plenty of crypto projects before that offered rewards to users for completing tasks. But what sets our Challenge apart is that we are the first to offer a prize pool as large as $1.5 million in a competition. At Choise.com we encourage people who seek new ways to earn, and the current CHO price prediction challenge is one such earning avenue. So keeping in line with our core mission we chose to offer our users a chance to compete for fairly large sums”, – states Anastasia Kor, Chief Marketing Officer at Choise.com. 

The competition will be concluded on January 1, 2024. Following its completion, the CHO market price will become available at 00:00 GMT on March 24, 2024, on the Gate.io one-minute graph. Choise.com will also post the final price of the CHO token on its website. Additionally, a feedback form will be provided for participants who guessed the price. Participants will need to use said form to send their contact details, a link to their tweet with the correct prediction, as well as their user nickname in Gleam. 

Once the final list of winners is compiled, Choise.com will publish it on the company’s social networks on June 1, 2024. 

Contact

Alyona Akimova
Choise.com
pr@choise.com

---

Crypto investment products firm 21.co said on Wednesday its subsidiary 21Shares AG has listed a bitcoin exchange-traded product on Nasdaq Dubai, making it the Middle East’s first physically-backed bitcoin ETP.

The 21Shares Bitcoin ETP trades, under the ticker ABTC, in the same way as the 21Shares Bitcoin ETP in Europe, 21.co said in a statement.

Dubai has ambitions to become a global cryptocurrency hub and has attracted big industry players to set up shop like Binance, which went on a UAE hiring spree this year and is helping to shape the Middle East commercial hub’s virtual assets regulations.

Following the Dubai listing, 21Shares has 46 listed products in seven countries, 21.co added.

Swiss-based 21.co last month raised $25 million in a funding round that valued it at $2 billion, which it said made it “Switzerland’s largest crypto unicorn”.

The crypto market has suffered a rout that has forced some of its biggest players to lay off thousands of employees to cut costs.

But Sherif El-Haddad, appointed 21Shares head of Middle East in August, was upbeat, saying cryptocurrencies were “fast becoming the asset of the future for investors and wealth managers around the world”.

The Middle East and North Africa is the world’s fastest-growing cryptocurrency region, where the volume of crypto received jumped 48% in the year to June, blockchain researcher Chainalysis said in a report last week.

Hany Rashwan, CEO and co-founder of 21Shares, said in the statement the company “will continue to support the Middle East’s ambitions to become a global crypto hub”.

World Blockchain Summit (WBS), the largest global series of blockchain, crypto and Web3 events, is coming back to Dubai on Oct. 17 and 18 at Atlantis the Palm.

Held under the patronage of Sheikh Juma Ahmed Juma Al Maktoum, member of the ruling family of Dubai, WBS Dubai is hosting the most influential thought leaders on blockchain, crypto, NFTs, Web3 and the Metaverse to explore the market’s effects on commerce, banking, gaming, culture and community development.

Dubai is known for its welcoming stance on crypto and blockchain technology. This is evident in its eased regulations for crypto and blockchain technologies, making the city a great location for foreign companies looking to set up shop. This is further backed by the recent approval of the Dubai Virtual Asset Regulation Law providing for a more crypto-friendly structure that fosters investment and growth in blockchain adoption. With over 6,000 millionaire residents, the country’s private wealth has risen to over $40 billion, making it a hotspot for investments too.

“Dubai is the right place for innovation in the blockchain space. We are happy to be working with WBS to achieve the vision set by the government of Dubai on its Blockchain and Metaverse Strategy,” commented Furqan Rassul, CEO of Elite Partner Investment.

WBS will bring enlightening sessions discussing the blockchain and crypto space in response to some of today’s most pressing questions in the current industry. It will also feature panel discussions, industry highlights, use-case-studies, fireside chats and more.

Mohammed Saleem, founder and CEO of WBS, noted: “Dubai has positioned itself perfectly as one of the most crypto and blockchain friendly destinations in the world. With all the recent announcements around new crypto licenses being issued, Dubai Metaverse Strategy and more, we are super excited to be bringing WBS back to Dubai this October as we host some of the world’s leading experts to share their insights and showcase the latest innovations in the space.”

Speakers in focus include:

• Furqan Rassul — CEO of Elite partner Investment
• Marwan Alzarouni — CEO of Dubai Blockchain Center
• Ralf Glabischnig — founder of Crypto Oasis and CV VC
• Talal Tabbaa — CEO of CoinMENA
• Paul Veradittakit — partner at Pantera Capital
• Jemma Green — co-founder and executive chairman of Powerledger
• Sabinije von Gaffke — founder of Impactfulness Ventures and head of sustainability at Nibiru Software AB
• Sheraz Ahmed — co-executive director and head of business development at Crypto Valley Association

“The landscape of trust is changing and blockchain is arriving to fill the gaps,” added Jemma Green, co-founder and chairman of Powerledger.

Luna PR is WBS’ official PR partner, while some of the global blockchain and Web3 experts sponsoring the event include DIG (Decentralized Investment Group) as headline sponsor, Coinstore and Aura Dogs as silver sponsors and Dreamster as exhibitor. Crypto Oasis is the ecosystem partner, while media partners at the event include Bitcoin World, BinBits, Coinspeaker, CoinTelegraph MENA, Cointelegraph, Coinveestasi, Crypto Academy, Regtech Times, Security Middle East, The Cryptonomist and The Jordan Times. 

About Elite Partner Investment

Elite Partner Investment is a UAE-based investment management company with interests in technology, mining, energy and real estate, chaired by Sheikh Juma Ahmed Juma Al Maktoum. Areas of the group’s interest include early-stage technology and creating value through innovation and synergies. Al Maktoum enables the company and its partners to access and work at the highest level with government and leading multinationals around the globe, enabling them to grow, expand and access new markets.

About World Blockchain Summit

World Blockchain Summit (WBS) is a global series of blockchain, crypto, Web3 and Metaverse-focused events that has brought together over 20,000 industry influencers, investors, enterprise decision makers and government stakeholders through physical events hosted in over 16 countries. 

WBS is dedicated to fostering the growth of the decentralized economy through community development, boosting technological innovation with access to capital, and enabling enterprise and government adoption of Web3 technologies through deal facilitation. Each summit features enterprise and government use cases, inspirational keynotes, panel discussions, tech-talks, a blockchain exhibition, startup pitch competitions and a host of networking opportunities.

Other upcoming platforms organized by WBS Events in 2022 include the World Metaverse Show taking place on Oct. 5 and 6 in Dubai, the World Blockchain Summit Toronto taking place in November, and the World Blockchain Summit Bangkok in December. 

---

Kevin Kelly has been famous for his sense of the direction of all things technological since the 1980s. His books on the subject published over a span of decades are consistent best sellers. When something new comes over the technological horizon, such as artificial intelligence (AI) and blockchain, the world is eager for his opinions, and HistoryDAO has the privilege of having his opinions directly for the second time this year.

In the first interview, HistoryDAO spoke with Kelly on the subject of “what technology wants,” and a good deal of the conversation covered specifically “what blockchain technology wants,” and the role of nonfungible tokens (NFTs).

“The fact that you know London is the capital of England is just a consensus,” said Kelly in the earlier interview. “The very thing itself is a consensus. Not just the representation of it.” This part of Kelly’s discussion brought to light the role of consensus in truth, implying that the Platonic ideal for truth may have been consensus all along. NFTs and blockchain, of course, are founded on the codification of consensus. 

Taking these insights from Kelly to heart, the HistoryDAO team came to realize how important consensus has always been considered all the way back to the founding of Western philosophy by Plato, who believed that while objective truth existed, it could only be revealed through “dialectic,” which bears significant analogy to the modern concept of consensus.

In the coming weeks, HistoryDAO, represented by founder and CEO Sky Harris, and Kelly will add a favorite and increasingly critical topic to the dialectic: AI. Does AI have a role to play, or will it soon have a role to play, as a participant in dialectic itself? Do blockchain and NFTs have a unique touchpoint with truth? The conversation will pursue such questions with reference to lessons from history and technology’s role in the future. Kelly’s perspective on AI will be explored as well in the context of another passion of his art as a universal and uniquely human endeavor.

Look for the conversation on HistoryDAO’s YouTube channel in the coming weeks!

About HistoryDAO 

HistoryDAO is where the world records history in Web3. The Web3 community comes together on the HistoryDAO platform to mint historic and current events immutably on the blockchain to be preserved — unchanged and indelible — as HistoryNFTs. The decentralization and democratization of history with blockchain and NFT technology are governed by you, the decentralized autonomous organization (DAO), the people. Write, record, analyze, adjudicate and mint our world as it unfolds across the globe every day with HistoryDAO and HistoryNFTs.

• Twitter: https://twitter.com/History_DAO
• Discord: https://discord.com/invite/MFCxaEp2Zn 
• YouTube: https://www.youtube.com/c/HistoryDAO
• Website: https://historydao.io

About Kevin Kelly

Kevin Kelly is renowned for his seminal role in the history of the internet. It can be said that he “was there from the beginning.” Kelly co-sponsored the first Hackers Conference in 1984 under the auspices of the publisher of the Whole Earth Catalog, which also supported the oldest digitally based community bulletin board, The Well, founded in 1985, and still operating today. In the early 90s, he became the founding editor and “Senior Maverick” of Wired Magazine. In his career as a chronicler observing the relationship between human beings and technology, he became famous for making dependable predictions about what that relationship would produce in the future.

Kelly has published several best-selling philosophical books on technology over the past decades, and his most recent work is a labor of love from the time he first arrived in an Asian country with a camera in hand. It’s called “Vanishing Asia,” an anthology of more than 9,000 photographs he took while traveling through Asia since the 1970s.

Hong Kong/Sydney, Oct. 10, 2022 — Catheon Gaming, ranked as the No. 1 blockchain gaming emerging giant in the “2022 KPMG & HSBC Emerging Giants in Asia Pacific report,” is pleased to announce the official launch of the Catheon Gaming ecosystem, the Catheon Gaming white paper and the Catheon token.

The Catheon ecosystem is expected to be one of the industry’s deepest and most comprehensive, with four key pillars:

1. An industry-leading blockchain gaming portfolio through our developing and publishing business.
2. The Catheon Gaming Center (CGC), a chain-agnostic game explorer and launcher.
3. Our Catheon Labs advisory and consulting arm for Web2 companies looking to transition to Web3.
4. Catheon metaverse, the single unifying hub for all Catheon games.

Catheon Gaming is growing beyond the single-title approach of many existing projects by creating an ecosystem that will endure beyond the life cycle of any one game. Based on a unified platform and token, the ecosystem will connect the experience of playing individual games in a way that is only possible with blockchain technology and drive significant synergies between the different segments of the ecosystem. More information about the Catheon Gaming ecosystem can be found in the presentation and white paper and via the CEO’s announcement.

Catheon Gaming also announced the release of its universal utility token, Catheon, which will be used across the entire ecosystem. This will be done by an effective rebrand and relaunch of the existing SolChicks CHICKS token. With the entire Catheon Gaming brand and portfolio behind it, Catheon is expected to be the ecosystem token with more utility and development compared to any of the other similar blockchain gaming ecosystems.

There are several compelling drivers behind the rebrand:

1. The first and only token of its kind for a gaming ecosystem on the Solana and Polygon blockchains, with down-the-line cross-bridging to other major chains.
2. The token will have the position as the universal governance and utility token of the largest and one of the highest-quality blockchain gaming portfolios in the industry.
3. Ecosystem utility beyond the game portfolio to the Catheon Gaming Center, the Catheon Labs advisory business and the Catheon metaverse.
4. An imminent use case is given the largely complete and ready-to-release nature of the game portfolio, the expected release of the Catheon Gaming Center and staking benefits.
5. Governance over the future of one of the most complete ecosystems in blockchain gaming. 

As the Catheon network, community and the number of titles continue to grow, Catheon Gaming expects significant network effects and synergies that will help continue to accelerate the quality of the portfolio and ecosystem. With Catheon Gaming’s high-quality team and track record of rapid execution, evident in the company’s growth over the last 11 months, the company expects to continue growing rapidly as it builds out the ecosystem in the coming years. 

William Wu, founder and co-CEO of Catheon Gaming, commented:

“Since we started this project, what has also become apparent is that this project, and our vision, has expanded to be so much more than just a single game. Today, we are extremely excited to announce our biggest update yet. We have been hard at work over the last 12 months to build the foundations required for this update and are finally in a position to do so. Our vision is to build one of the most comprehensive ecosystems in the industry to truly revolutionize the way we play, live and earn. We have a lot of work ahead to execute on our vision, but we are confident that we will be able to help to revolutionize blockchain gaming.” 

About Catheon Gaming

Catheon Gaming, ranked by KPMG and HSBC as the No. 1 emerging blockchain giant in Asia–Pacific, is one of the world’s fastest-growing integrated blockchain gaming and entertainment companies. Catheon Gaming is the only end-to-end platform providing world-class technical, publishing and partnership capabilities for the world’s leading game studios, companies and brands seeking to navigate their path into Web3. By being the partner of choice, Catheon Gaming has built the industry’s largest portfolio of blockchain games and one of the deepest ecosystems to achieve its goal of being able to revolutionize the way we play, live and earn.

---

Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore’s central bank to offer payment services in the city-state.

The in-principle approval, which the central bank started giving out to crypto firms last year, means individuals and institutions can use digital payment token services and the firms are regulated by the central bank under its Payment Services Act.

Calling it a “significant milestone”, Coinbase said in a statement that it has been building up its presence in Singapore and currently had nearly 100 employees in the Southeast Asian state, with product engineers forming the largest bulk of hires.

“We see Singapore as a strategic market and a global hub for Web3 innovation,” said Hassan Ahmed, Coinbase’s regional director for Southeast Asia.

About 180 crypto companies applied for a crypto payments licence to the Monetary Authority of Singapore in 2020 under a new regime. Singapore has handed out 17 in-principle approvals and licences after an elaborate due diligence process that is still ongoing.

Besides Coinbase, Crypto.com and DBS Vickers – the brokerage run by Singapore’s largest bank DBS (DBSM.SI) – are among those that have received licences.

Singapore’s welcoming approach has helped the financial hub attract digital asset services-related firms from China, India and elsewhere in the last few years, making it a major centre in Asia.

However, there have also been quite a few cases of crypto fall-outs taking place in the city state. Singapore-based crypto hedge fund Three Arrows Capital began liquidation in June after it was unable to meet hundreds of millions of dollars in obligations.

The hedge fund had taken a hit from the collapse of cryptocurrencies Luna and TerraUSD in May. Both coins were developed by Terraform Labs, which was incorporated in Singapore. Terraform Lab’s founder Do Kwon is currently wanted by the South Korean police.

The chief of the MAS has, however, sought to distance Singapore from these firms and said in July that companies like Three Arrows and Terraform Labs were “so-called Singapore-based” firms that had “little to do” with the city state’s crypto regulations.

Singapore plans to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies.