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Impossible Cloud Network Launches ICNT: The Token Set to Disrupt the Future of the Cloud

Hamburg, Germany, September 30th, 2024, Chainwire

Impossible Cloud Network (ICN), the frontrunner in decentralized cloud infrastructure, announces the forthcoming launch of the Impossible Cloud Network Token (ICNT). The token will fuel ICN’s mission to reshape the global cloud landscape by empowering users to leverage enterprise-grade hardware through a decentralized, accessible ecosystem.

Impossible Cloud’s enterprise platform is exponentially growing and recently surpassed 2 billion client operations generated by 800+ active business accounts. These milestones demonstrate the foundation on which Impossible Cloud Network (ICN) is building its decentralized cloud services, driving an ever-growing demand for the ICNT token and setting new standards for the industry.

Breaking Barriers in Cloud Services

ICN is designed to merge the power of decentralized web3 technology with the demands of web2 enterprises, making it the first true web3-based cloud solution with mass adoption from business customers. 

ICNT will be the driving force behind the protocol, enabling secure transactions, rewarding participants, and providing governance capabilities. This isn’t just about decentralizing the cloud – it’s about delivering a faster, more scalable, and more secure solution than ever before.

Dr. Kai Wawrzinek, CEO and Co-Founder of Impossible Cloud, explains: “With ICNT, we’re not only revolutionizing cloud infrastructure – we’re creating a vibrant ecosystem where every participant has a stake in its success. This is the future of the cloud, and the community will play a vital role in its growth and development.”

ICN’s Approach to Building a Decentralized Cloud Protocol

ICN decentralized protocol connects hardware providers and cloud service users in a seamless platform. Whether you’re a business needing on-demand infrastructure or a hardware provider, ICNT facilitates all interactions on the network. SLA oracles play a crucial role in monitoring and ensuring network performance, guaranteeing that service-level agreements are met. The Impossible Cloud Network Protocol (ICNP) serves as the backbone, coordinating between hardware nodes, service providers, and SLA oracles to ensure the cloud is always secure, efficient, and cost-effective.

A Thriving Ecosystem Backed by Real Demand

Building on Impossible Cloud’s exponential growth of over 1 billion client file uploads & downloads in Q3/2024 already (and counting), the launch of Impossible Cloud Network (ICN) marks the next phase in expanding this proven demand into the decentralized cloud space. By using ICNT, participants not only access critical services but actively contribute to expanding the network, earning rewards and potentially influencing key decisions to shape its direction.

ICNT: The Currency of a Decentralized Cloud Revolution

ICNT is more than just a token – it’s the core of ICN’s decentralized cloud economy. From securing network resources to rewarding contributors and facilitating transactions, ICNT is designed to ensure the network’s continuous growth and security. Holders will also be given a voice through governance features, empowering them to shape the future of ICN.

Early adopters and contributors can look forward to exciting incentives, including airdrops and token rewards, further integrating them into the platform – Users cam join ICN’s Discord to learn more.

Users can visit icn.global and get a full understanding of the ICNT token distribution.

The Future of ICN: Community, Milestones, and Strategic Partnerships 

ICN’s roadmap is packed with game-changing developments that are set to accelerate its growth and industry impact. Earlier this month, ICN announced a partnership with Aethir, a major player in decentralized GPU compute services. This collaboration enhances ICN’s existing object storage offering, creating a strong synergy that will propel both networks forward, driving innovation and adoption in the space.

“This collaboration with ICN marks a pivotal moment in decentralized infrastructure,” says Mark Rydon, Co-Founder and CSO at Aethir. “By integrating our GPU compute services with ICN’s innovative cloud platform, we’re creating a seamless, scalable solution that will unlock new possibilities for enterprises and developers. Together, we’re pushing the boundaries of what decentralized technology can achieve.” 

With a growing community of over 25,000 followers across social platforms, ICN is building strong momentum as it prepares for upcoming milestones, including the launch of testnets, node drops, and token fairdrops. 

The launch of ICNT is just the beginning. ICN is committed to expanding its service offerings, building new partnerships, and making decentralized cloud services the go-to solution for enterprises and developers alike. With $18 million raised, ICN is set to become the #1 cloud provider, competing head-to-head with AWS and other centralized giants.

For more information about ICNT and the Impossible Cloud Network, users can visit www.icn.global or join our ICNT’s on X and Discord.

About Impossible Cloud Network

Impossible Cloud Network (ICN) is a decentralized cloud platform that connects enterprise-grade hardware with cloud service providers, leveraging cutting-edge web3 technologies. Founded by successful serial entrepreneurs with a history of major achievements, ICN is already working with real clients and projects, aiming to deliver a new standard in cloud services by ensuring data security, integrity, and availability while reducing costs and enhancing performance for its users.

Contact

web3 Marketing Executive
Sara Teixeira
Impossible Cloud Network
steixeira@impossiblecloud.com

FTX’s FTT Token Rallies 70% Ahead of Bankruptcy Distributions

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FTX Token (FTT), the native cryptocurrency of the bankrupt crypto exchange FTX, has experienced bullish momentum amid anticipated bankruptcy distributions.

On September 29, FTT surged over 70%, reaching multimonth highs and briefly touching $2.70 for the first time since March 2024, according to CoinGecko data.

FTT had been trading around $1.40 for most of the past month before this dramatic spike in daily returns. However, after the surge, it tumbled in price, trading at approximately $2.10 as of September 30, which still reflects an increase of around 30% over the previous 24 hours, based on data from CoinGecko.

The rally in FTT was fueled by rumors circulating on social media that the FTX bankruptcy estate would begin distributing reimbursement funds to creditors and customers on September 30.

Despite the excitement, the official Chapter 11 filing indicates that the bankruptcy plan has yet to receive approval. A court hearing for the approval of this plan is scheduled for October 7.

If the plan receives the green light, the FTX trustee will initiate payments to creditors with claims under $50,000 by the end of 2024. Conversely, creditors with larger claims may have to wait until the first or second quarter of 2025 to receive their distributions.

This potential timeline for distributions has led to increased speculation and interest in FTT, as investors look to capitalize on any positive developments related to the bankruptcy proceedings.

As the situation unfolds, many will be watching closely to see how the upcoming court decisions will impact FTT and its future prospects in the market.

BC.GAME Announces Launch of $BC Mining Rush Event with 1 Billion $BC Token Prize Pool

WILLEMSTAD, Curacao, September 30th, 2024, Chainwire

BC.GAME, a leading crypto igaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the chance to win daily rewards simply by placing bets of $1 or more.

This event aims to offer participants an easy entry into the crypto space, providing opportunities for daily wins while keeping participation straightforward and accessible.

Key Highlights of the $BC Mining Rush

The $BC Mining Rush boasts a daily prize pool of 50 million $BC tokens. Players can enter the prize draw with a minimum wager of $1. Larger wagers can increase a participant’s share of the daily rewards. This format enables both new and experienced players to compete for a portion of the overall 1 billion $BC prize pool.

Pre-Registration for Early Access

Pre-registration begins on September 24, 2024, and will remain open until the end of the event on October 20, 2024. Early registrants can maximize their chances of winning by participating from the start. While late registration is possible, opportunities decrease as the event progresses.

Easy and Accessible Participation

The event is designed to be user-friendly, requiring no complex procedures or technical expertise. Participants need only place their wagers daily, with rewards distributed the following day. This straightforward approach ensures players of all experience levels can engage easily and transparently.

Daily Rewards Based on Wagers

Each day of the event offers new chances to win a portion of the 50 million $BC daily prize pool. A participant’s rewards will correspond to their percentage of total wagers for that day, with higher wagers increasing the potential for larger returns.

How to Participate:

  • Step 1: Users should register for the $BC Mining Rush on the BC.GAME website, starting September 24, 2024.
  • Step 2: Users should place a wager of at least $1 every day from October 1 to October 20, 2024.
  • Step 3: Users will receive daily prize distributions based on their participation in the event.

A New Era of Crypto Gaming and Rewards

BC.GAME continues to lead the crypto gaming sector with initiatives like the $BC Mining Rush. The event underscores the platform’s dedication to providing engaging and rewarding opportunities for its community, while introducing new users to the expanding world of crypto gaming.

“We are thrilled to bring the $BC Mining Rush to our community,” said Jack Dorset, CEO of BC.GAME. “This event is our way of rewarding loyal players while introducing new users to the thrill of crypto gaming with the chance to win big.”

The $BC Mining Rush promises to be a landmark event in the crypto world, offering an unparalleled opportunity for participants to increase their portfolios with rewards.

For more information, users can visit BC.GAME’s official website and follow them on social media to stay updated on all the latest developments.

About BC.GAME

BC.GAME is a leading online gaming platform offering a wide range of games and sports betting opportunities. Known for its user-friendly interface, robust security, and commitment to innovation, BC.GAME continues to be a top choice for crypto enthusiasts worldwide. With exciting events like the $BC Mining Rush, BC.GAME provides unparalleled opportunities for both gaming and earning within the crypto ecosystem.

For more information, users can follow BC.GAME on Twitter.

Contact

Olivia Dixon
BC.GAME
oliviadi@bcgame.com

Binance Founder Released From US Prison After 4-Month Sentence

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Binance founder and former CEO Changpeng “CZ” Zhao was released from a United States federal prison on Sept. 27 after serving a four-month sentence for Anti-Money Laundering (AML) violations, according to a spokesperson for the United States Federal Bureau of Prisons who spoke to Cointelegraph.

CZ pled guilty in November to federal charges related to the failure to implement adequate AML controls at Binance, which is recognized as the world’s largest cryptocurrency exchange by daily trading volumes. This was stated in a Nov. 21 announcement from the US Department of Justice. Following his guilty plea, he also resigned from his position as CEO of Binance.

With a net worth estimated at around $60 billion, CZ is now the wealthiest individual to serve a prison sentence in the United States.

In April, CZ agreed to return to the US from Dubai to fulfill his four-month sentence. He spent the initial two months in a minimum-security prison in Southern California before moving to a halfway house in Long Beach, where he was allowed supervised daytime outings, as reported by Fortune on Sept. 26.

“We are delighted that CZ will be home with his family,” a spokesperson for Binance remarked, adding, “While he is not managing or operating Binance, we are excited to see what he does next. Since last year, Binance has continued to thrive under the leadership of our current team, surpassing 230 million users globally.”

CZ’s four-month sentence was a substantial reduction from the 36 months originally sought by the DOJ to reflect the seriousness of the offenses.

The US Department of Justice stated that CZ’s guilty plea encompassed not just AML violations but also unlicensed money transmitting and sanctions violations. Prosecutors indicated that CZ was aware that his decision not to implement an effective AML program would allow Binance to facilitate transactions between US users and those in sanctioned countries.

As part of the settlement, CZ agreed to pay a $50 million fine, while Binance itself incurred penalties totaling $4.3 billion for violations of US AML laws. Nonetheless, CZ’s personal fortune remains intact, and he retains a majority stake in Binance, estimated at 90%.

Nevada Gaming Control Board Next to be Targeted by Cybercrime; Here’s Why Leading Cyber Attack Groups Target Gaming and iGaming Sites

The iGaming industry, a common term for websites offering real-money gambling services such as online casinos, poker sites, online sportsbooks/bookmakers, bingo and lottery sites, is one of several primary targets for cybercriminals. In recent months, we have seen the industry receive more than its fair share of attention from cybercrime organizations and syndicates, with the Nevada Gaming Control Board being among the worst hit – a poignant reminder of the cyber attacks of 2023 that impacted big names in the ‘offline’ casino world like MGM Resorts International.

Here is a closer look at why some of the world’s leading cyber attack groups often target leading iGaming businesses.

Why do hackers, fraudsters, scammers, cybercriminals, and other bad actors target iGaming businesses?

Since the iGaming industry first emerged in the mid-1990s, it has always been an attractive target for cybercriminals. Hackers can make millions from their nefarious activities with simple tools, the right software, and the know-how.

It’s a global multi-billion-dollar industry, and the hackers will do everything they can to get their piece of the pie, targeting anything from the lesser-known iGaming business with little or no protection to the globally renowned companies that everyone has heard of at some point with the best security.

If someone attempted to steal from a land-based casino in the past, it would often involve a robbery/heist, tampering with the slot machines, card-counting at the blackjack tables, or using counterfeit money. Today, things have changed.

When cybercriminals target well-established, market-leading iGaming, they try to use tactics such as DDoS (Dedicated Denial of Service) attacks and look to gain access to the website’s back end or individual players’ accounts to steal personally identifiable information (PII), preferred online payment method details, and other sensitive data.

All iGaming sites want to ensure their players’ data are secure and safe. This is true for all niches. Take the crypto niche, for instance – an emerging iGaming niche that’s attracting the attention of crypto users and iGaming players. The platforms aggregated on https://bitedge.com/, for instance, boast the same SSL encryption, robust payment methods, as well as licence and regulation.

Is it safe to play on iGaming sites, and how do operators protect themselves and their registered members from cyber criminals in 2024?

In 2024, playing on an iGaming site is perfectly safe, provided that a reputable operator controls the site and that it’s fully licensed and regulated by at least one or more mid- to top-tier licensing authorities.

The worst kind of iGaming sites that must be avoided at all costs are either completely unlicensed and regulated or have obtained their operating license from a bottom-tier authority that carries out little or no checks into an operator before handing them a license, unlike the top tier licensing authorities such as the UK Gambling Commission or the Isle of Man Gambling Supervision Commission.

Some rogue iGaming sites have also been known to use the logo of a mid—or top-tier licensing authority on their website to make it appear as though they are licensed there when, in fact, they aren’t licensed there at all.

The easiest way for players to check that an online casino is licensed where it says it is, in this case, by the Isle of Man Gambling Supervision Commission, is to go directly to the official licensing authority website to view a list of their current licensees.

Today’s most trusted operators also use 128-bit or higher Secure Socket Layer (SSL) encryption to protect the websites, and they will have various other security measures in place to protect the website and each fully registered member’s account.

For example, the website URL address will always start with https://, and you can view more security information and certifications by clicking or tapping on the padlock icon (or similar icon) in your web browser when you visit the site.

How else do today’s most trusted iGaming website operators protect players?

Today’s most trusted operators also protect players in many other ways. For example, some sites use 2FA (two-factor authentication) as an added security measure or will have facial/voice recognition login features, which stops others from gaining unauthorised access to accounts.

They will only accept secure online payment processing gateways to ensure deposits and withdrawals cannot be hijacked or intercepted by cybercriminals. They will also comply with local and international data protection, Anti-Money Laundering (AML), and fair play policies.

Most sites also expect you to complete the Know Your Customer (KYC) account verification process, which prevents underage gambling and requires customers to prove they are who they say they are.

The KYC process also prevents multiple accounts from being opened on the same site by the same player and, therefore, eliminates things like bonus misuse. They will never send you correspondence (voice mails, emails, SMS text messages, etc.) asking for your password.

Final thoughts

There has never been a safer time than now to be an online casino player. Still, cybercriminals will always try to find a way into systems to steal highly sensitive data and people’s money, which is why cyber security measures are a top priority for leading iGaming operators worldwide.

They come under constant attack and must always be looking to use the latest cyber security tools and innovations to ensure no breaches occur on their websites.

Players should always think before signing up anywhere and stick to playing on well-established sites that have been around for ten or more years. These sites know how to protect their registered members.

Spot Bitcoin ETFs Record Largest Daily Inflows in Over Two Months

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Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced their largest daily inflow in over two months as the asset surpassed $65,000 in late trading on Sept. 26.

The total aggregate inflow for the eleven spot Bitcoin ETFs in the U.S. reached $365.7 million on that day, according to preliminary data from Farside Investors.

This substantial ETF inflow is the highest since July 22, when there was an inflow of $486 million. It also marks the sixth consecutive trading day of inflows for these institutional investment products.

The ARK 21Shares Bitcoin ETF (ARKB) led the charge with an inflow of $113.8 million, closely followed by the BlackRock iShares Bitcoin Trust (IBIT) with $93.4 million.

On Sept. 25, BlackRock recorded its largest inflow day in a month, totaling $184.4 million.

The Fidelity Wise Origin Bitcoin Fund (FBTC) attracted inflows of $74 million, while the Bitwise Bitcoin ETF (BITB) saw $50.4 million in inflows. The VanEck Bitcoin ETF (HODL) recorded $22.1 million for the day.

Meanwhile, minor inflows were noted for the Invesco, Franklin, and Valkyrie ETFs, which had inflows of $6.5 million, $5.7 million, and $4.6 million, respectively.

The Grayscale Bitcoin Trust (GBTC) was the only fund to see outflows, losing $7.7 million, which brings its total outflow to $20.1 billion since converting to a spot ETF in January.

The latest capital injection increases the aggregate inflow since inception for all eleven spot ETFs to $18.3 billion.

ETF Store President Nate Geraci commented on the significant inflow in a post on X on Sept. 27, stating, “For context, out of 500 ETFs launched in 2024, less than 25 have taken this amount in for the entire year.”

On Sept. 25, Bloomberg ETF analyst Eric Balchunas noted that spot Bitcoin ETFs are “92% of the way to owning 1 million Bitcoin and 83% of the way to passing Satoshi as the top holder.”

Spot prices for Bitcoin have gained nearly 13% over the past fortnight following the Fed’s interest rate cut.

In contrast, spot Ethereum ETFs have not seen the same momentum, with nine funds registering an outflow of $100,000 on Sept. 26, despite BlackRock and Fidelity receiving more than $15 million in inflows for their respective spot Ether funds. Grayscale’s high-fee Ethereum Trust (ETHE) continues to lose assets, shedding an additional $36 million on Thursday.

Tornado Cash Developer to Face Trial After Judge Refuses Dismissal

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Roman Storm, a developer and co-founder of Tornado Cash, will face a criminal trial regarding his creation of the crypto-mixing platform after a judge denied his motion to dismiss the case brought by the United States government.

In a telephone conference on Sept. 26, New York district court judge Katherine Polk Failla rejected Storm’s bid to dismiss three federal charges, stating that government prosecutors had presented plausible allegations against him.

Storm and fellow co-founder Roman Semenov were charged in August with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business.

Judge Failla remarked that at this stage, she “cannot simply accept Mr. Storm’s narrative that he is being prosecuted merely for writing code,” adding that she was convinced Tornado Cash was distinct from other financial services or money-transmitting firms.

She further stated that based on the charges, the platform “was not an altruistic venture.” The judge highlighted the Justice Department’s claim that Tornado Cash received nearly $1 million in funding from a venture capital firm with the expectation of sharing in the profits.

Jake Chervinsky, the chief legal officer of crypto venture firm Variant, expressed on X that Judge Failla’s ruling was “an assault on the freedom of software developers everywhere.”

“This will go down in history as a perversion of law and a travesty of justice,” he added. “It will go down on appeal, if that’s what it takes.”

Storm, who has pleaded not guilty, argued in his March dismissal request that Tornado Cash was open-source and beyond his control. He characterized himself as a developer who created software “to provide financial privacy to legitimate cryptocurrency users.”

Prosecutors disputed this characterization, claiming that Storm “reaped millions of dollars in profits” while being aware that the platform was used for illicit money laundering.

Storm’s trial is set for Dec. 2, and he could face a maximum sentence of 45 years in prison if convicted on all charges.

Tornado Cash’s third co-founder, Alexey Pertsev, was found guilty of laundering $1.2 billion through the platform and sentenced to five years and four months in prison in May. He is currently preparing an appeal against his conviction.

Exploring the Role of Decentralized Exchanges in the Crypto Economy

Hey there, crypto curious! Are you wondering about decentralized exchanges (DEXs) in the cryptocurrency space? It can be confusing at first. But here’s the thing – DEXs have seen a huge surge in popularity.

There was an incredible increase from 90,000 users to over 6.6 million by the end of 2022. It’s quite remarkable!

In this post, I’m going to explain how DEXs work and why they’re becoming increasingly popular in crypto trading. You’ll learn about their main advantages and how they’re changing the crypto landscape.

Get ready to explore the future of crypto exchanges. It’s going to be an exciting journey!

Key Takeaways

  • DEXs grew from 90,000 users in early 2020 to over 6.6 million by the end of 2022, showing huge growth in popularity.
  • DEXs offer better security by letting users keep control of their own funds, protecting against hacks like the KuCoin breach in September 2020.
  • These platforms allow direct peer-to-peer trading without middlemen, using smart contracts on blockchains like Ethereum.
  • Uniswap, a top DEX, handled $681.1 billion in trades in 2021, with $238.4 billion just in Q4.
  • DEXs increase access to crypto trading for anyone with internet, without needing bank accounts or long verification processes.

Key Benefits of Decentralized Exchanges (DEXs)

Decentralized exchanges offer key benefits in the crypto economy. They provide enhanced security, reduce reliance on middlemen, and increase access for users worldwide.

Enhanced security and privacy

I’ve seen firsthand how decentralized exchanges (DEXs) boost security and privacy for crypto traders. DEXs don’t hold my funds, letting me keep control of my assets in my own wallet.

This non-custodial approach shields me from exchange hacks, like the KuCoin breach in September 2020. After that incident, more traders flocked to DEXs for safety.

DEXs also offer more privacy than traditional exchanges. I don’t need to share personal info or go through KYC checks to trade. This anonymity appeals to many users, helping drive DEX growth.

In fact, DeFi users jumped from 90,000 in early 2020 to 4.28 million by late 2021. As a trader, I value the extra security and privacy DEXs provide in the fast-moving crypto world.

Reduced reliance on intermediaries

I’ve seen firsthand how decentralized exchanges (DEXs) cut out middlemen in crypto trading. These platforms use blockchain tech, mainly on Ethereum, to enable direct peer-to-peer transactions.

Smart contracts handle the trades, removing the need for third parties. This setup offers a more streamlined and cost-effective trading experience.

DEXs bring a new level of freedom to crypto trading. They allow users to trade directly from their wallets, keeping full control of their funds. This approach eliminates the risks associated with centralized exchanges holding large amounts of user assets.

Plus, DEXs make it easier for new tokens to enter the market, fostering innovation in the crypto space.

DEXs empower traders with true ownership of their assets and frictionless trading.

Increased access and inclusivity

I’ve seen firsthand how decentralized exchanges (DEXs) have opened doors for many crypto traders. These platforms allow anyone with an internet connection to trade cryptocurrencies without needing a bank account or going through lengthy verification processes.

This increased access has led to explosive growth in DeFi users, jumping from under 1 million at the start of 2021 to over 6.6 million by the end of 2022.

DEXs also promote inclusivity by removing geographical barriers. Traders from any country can participate in the global crypto market, accessing a wide range of tokens and financial products.

Uniswap, a leading DEX, processed an impressive $681.1 billion in trades in 2021, with $238.4 billion in Q4 alone. This surge in activity shows how DEXs are becoming a vital part of the crypto economy, giving more people the power to manage their finances on their own terms.

Conclusion

Decentralized exchanges are changing the crypto world fast. They offer better security and more freedom for traders. These platforms let people trade without middlemen, making things cheaper and easier.

As the crypto market grows, DEXs will likely play a bigger role. I’m excited to see how they shape the future of digital money.

Bitcoin Breaches $65,000 as Yellen Backs ‘Soft Landing’

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Bitcoin tapped $65,000 after the Sept. 26 Wall Street open as United States macro events fueled risk asset gains.

Data from Cointelegraph Markets Pro and TradingView indicated that BTC price momentum pushed it to $65,521 on Bitstamp — marking its highest point in nearly two months.

The continued upward movement was spurred by US Treasury Secretary Janet Yellen, who increased optimism that the Federal Reserve would achieve a “soft landing” for inflation.

Speaking to CNBC, Yellen portrayed a positive outlook for the US economy, a tone that Fed Chair Jerome Powell did not echo during his prepared remarks at the 2024 US Treasury Market Conference at the New York Fed.

“As I noted when I spoke at this event in 2015, our nation’s entire financial framework has been built around the ability to quickly and efficiently transform Treasury securities into cash liquidity,” he stated.

“I said then that ‘these markets need to keep functioning at a high level, and we all have a stake in making sure that they do.’ I remain wholly dedicated to that goal.”

Additionally, US Q2 gross domestic product data met expectations at 3.0%, while jobless claims fell slightly below anticipated levels.

The S&P 500 set a new intraday record high on the same day, continuing a rally that gained momentum after Powell announced the first interest rate cuts in four years on Sept. 18.

Commenting on the situation, trading resource The Kobeissi Letter attributed the latest gains to China, which announced various fiscal stimulus measures this week.

“This is only the beginning,” it stated in a dedicated thread on X, describing China as “panicking.”

Meanwhile, Bitcoin market participants recognized the need for consolidation around the recent highs before pursuing further upside.

“$65K ask liquidity taken. Next ask liquidity is $66K. Bid liquidity around $62K – $61K,” popular trader Skew informed X followers.

“So given the large gap now, would want to see more structure develop or a nice consolidation before continuation higher. The bad outcome would be a full retrace with weakness.”

Recent data from monitoring resource CoinGlass showed liquidity accumulating on either side of the spot price once more across exchange order books.

Uphold’s Topper Integrates with Ledger Live to Offer Seamless Fiat-to-Crypto Transactions and Disrupt Conventional Banking

San Francisco, California, September 26th, 2024, Chainwire

Uphold’s fiat-to-crypto on-ramp Topper integrates with Ledger, the gold standard in hardware wallets, to disrupt traditional banking and challenge the exclusivity of traditional banking services.

Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, has announced a partnership with Ledger, the world leader in digital asset security for consumers and enterprises. With this integration, Topper will be the newest onramp within the Ledger Live app, enabling users to manage over 200 digital assets directly through Topper and simplifying the process of buying crypto securely within the app. 

Since their launch in 2014, Ledger has sold 7 million devices and is widely regarded as the most trusted name in the crypto space. Supported by the Ledger Live app, which allows users to monitor, lend, stake, buy, and sell crypto, Ledger offers a comprehensive and secure platform for managing digital assets. 

Uphold is the most compliant by uniquely routing orders across 30 trading venues for optimal execution and superior liquidity, maintaining 100% reserved assets without lending them out, and leading radical transparency by publishing its assets and liabilities every 30 seconds on a public website.

This partnership signals the industry’s larger trend towards financial innovation, which is reshaping how people interact with money and financial services by offering more accessible, flexible, and secure alternatives to traditional banking.

Further aligning with Uphold’s mission to offer modern alternatives to traditional banking, just last year, Uphold launched Vault: an assisted self-custody wallet, combining the convenience of centralized financial applications with the security of self-custody, while also offering a key replacement feature to reduce the risk of irrecoverable fund loss.

“Ledger is the gold standard hardware crypto wallet in ease of use, flexibility, and security has set it apart in the crypto space,” said Robin O’Connell, CEO of Uphold Enterprise. “We’re extremely proud to integrate Topper with Ledger Live, combining our commitment to innovation with Ledger’s renowned reputation to offer users a seamless and secure digital asset management experience.” 

With support for over 5,500 coins and tokens, including NFTs, Ledger’s integration with Topper within the Ledger Live app further enhances its reputation as the go-to platform for secure, compliant, and versatile crypto asset management.

“We are thrilled to bring Topper onboard the Ledger Live ecosystem, strengthening our commitment enabling unparalleled ease of use in crypto,” said Jean François Rochet, Executive Vice-President of Consumer Services at Ledger. “With this partnership, anyone can make fiat-to-crypto transactions with convenience and with their private keys tightly secured in their Ledger devices.”

“We are thrilled to announce our partnership with Ledger Live, a secure way for our users to purchase a wide range of digital assets with multiple payment methods. This collaboration marks a significant step forward in providing seamless and secure user access globally.” — Frankie Picciano, Global Head of Topper Sales.

For more information on how users can use Topper as their seamless onramp directly through their Ledger Live App, users can visit www.ledger.com/ledger-live. 

About Ledger

Celebrating its 10 year anniversary in 2024, Ledger is the world leader in Digital Asset security for consumers and enterprises. Ledger offers connected devices and platforms, with more than 7M devices sold to consumers in 180 countries and 10+ languages, 100+ financial institutions and commercial brands. Over 20% of the world’s crypto assets are secured by Ledger. 

Ledger is the digital asset solution secure by design. The world’s most internationally respected offensive security team, Ledger Donjon, is relied upon as a crucial resource for securing the world of Digital Assets. With over $14 billion hacked, scammed or mismanaged in 2023 alone, Ledger’s security brings peace of mind and uncompromising self-custody to its community.

About Topper

Topper, the easy fiat on-ramp with higher approval rates, is a quick-to-implement web3 payment tool that lets crypto projects process more of their customers’ payments – supporting twice as many digital assets than its competitors. The Topper payment widget is built to simplify the payment process, accept more currencies and deliver higher approval rates, resulting in fewer declines and more revenue. Developed by Uphold, the web3 financial platform, Topper is a reliable, regulated and trusted payment system.

About Uphold 

Ranked #1 in the San Francisco Business Times Fast 100 List, Uphold is committed to making web3 easy. As a web3 financial platform, Uphold serves over 10 million customers in more than 140 countries. It provides businesses and consumers with easy access to digital assets and services. Uphold’s unique “Anything to Anything” interface gives end users seamless access to and between digital assets and national currencies and precious metals. Uniquely, Uphold smart routes orders across 30 trading venues delivering optimal execution and superior liquidity to customers. Uphold never loans out customer assets and is always 100% reserved. The company has pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).

Uphold is regulated in the U.S. by FinCen and State regulators. The company is registered in the UK and Canada with the FCA and FINTRAC respectively and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. To learn more about Uphold’s products and services, users can visit uphold.com.

Contact

PR Manager
Lauren Bukoskey
Serotonin
lauren@serotonin.co

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