SEC - Page 89

3455 result(s) found.

Binance Returns to India After 7-Month Absence

/

Crypto exchange Binance has made a comeback on India’s Google Play Store and Apple App Store after a seven-month absence due to noncompliance with local regulations.

On August 15, Binance’s website and Android and iOS apps became accessible to crypto investors in India once again. Binance confirmed to Cointelegraph that it has now registered as a reporting entity with India’s Financial Intelligence Unit (FIU-IND), a legal requirement for all crypto exchanges operating in India to combat money laundering.

India had previously banned Binance for failing to comply with these regulations. The FIU-IND, a government agency focused on financial intelligence and combating financial offenses, had blocked the URLs and mobile apps of Binance and eight other crypto exchanges in January for not registering with law enforcement.

In April, an unconfirmed report suggested that Binance intended to pay a $2.25 million fine imposed by the FIU for noncompliance as part of its plan to reenter the Indian market. While Binance has now registered with the Indian authorities, it did not confirm whether it paid the previously reported fine.

Commenting on Binance’s return to India, Binance CEO Richard Teng stated, “Recognizing the vitality and potential of the Indian virtual digital asset market, this alignment with Indian regulations allows us to tailor our services for Indian users.”

Binance announced that its registration with Indian authorities marks its “19th global regulatory milestone,” noting that India is among the top five countries by estimated transaction volume across all crypto ecosystems.

By registering with the Indian government, Binance will implement Anti-Money Laundering (AML) policies and a framework for Combating the Financing of Terrorism (CFT) in the Indian market. Teng added, “Our commitment to stringent regulation forms a fundamental part of our business strategy. It’s about fostering a secure, transparent, and efficient environment.”

Before its reentry into India, Binance obtained a crypto license in Dubai in April. The exchange secured its virtual asset service provider (VASP) license after co-founder Changpeng Zhao relinquished his voting power in the exchange’s local entity, according to a Bloomberg report.

Aave Launches on Era Mainnet Powered by ZKsync

London, United Kingdom, August 21st, 2024, Chainwire

Expansion Enables Greater Access to Liquidity and New Institutional Use Cases

Aave, the leading DeFi protocol governed by the Aave DAO, today announced the launch of Aave V3 on Era Mainnet powered by ZKsync. With efficient and secure transactions provided by ZKsync technology, the launch of Aave V3 on Era is poised to bring liquidity and yield generation capabilities to the Elastic Chain ecosystem. Users of Aave will gain access to advanced zero-knowledge (ZK) technology that provides low-cost transactions while deriving security from Ethereum using cryptographic validity proofs. As part of the integration, Chainlink will provide secure and reliable price feeds.

“This integration marks a pivotal moment for both the Aave and ZKsync communities, providing opportunities for increased access, collaboration, and innovation,” said Aave Labs Founder and CEO Stani Kulechov. “By combining ZK-proofs and the unified Elastic Chain ecosystem, Aave can unlock unprecedented scalability, privacy, and security, expanding the DeFi user base and new institutional use cases.”

Alex Gluchowski, Co-Inventor of ZKsync, commented, “Aave has established itself as one of the leading DeFi protocols and has played a core role in the growth and adoption of crypto since its launch. As ZKsync’s Elastic Chain keeps building momentum, it is important that it become a place where both retail and institutional users can leverage a secure access point for the digital asset ecosystem across all ZK Chains ZKsync is the most advanced and future-proof scaling solution powered by ZK-proof technology, and with the deployment of Aave on Era, a greater audience will be able to leverage ZKsync to its fullest potential.”

“I’ve been working with the Aave team since 2019, and ZKSync since early 2022,” said Johann Eid, Chief Business Officer at Chainlink Labs. “In a short amount of time, both projects have had a profound impact on DeFi and the blockchain industry as a whole, helping to drive interest, secure transactions, and bring a large amount of value and innovation into this space. Aave V3’s deployment on Era Mainnet brings together a foundational DeFi protocol and a pioneer that is pushing the zero knowledge space forward, which is a major step forward for our industry, and Chainlink Price Feeds are playing a key role in ensuring that the market data powering the protocol is ultra-reliable and accessible. This launch is an important milestone in terms of DeFi scalability, and its potential to increase institutional usage is an exciting development for onchain finance at large.”

A Layer 2 scaling solution that leverages ZK technology, ZKsync offers low-cost, faster transactions in a secure and decentralized environment. The addition of Aave is set to attract a wider user base, improve the user experience, and establish Aave as a leading DeFi protocol within the rapidly growing Elastic Chain ecosystem.

DeFi Gateway for Institutional Finance

The Aave deployment will also set the stage for privacy-focused DeFi applications. These applications will leverage Aave’s competitive liquidity, flexibility and conservative risk management to meet the increasing demand for enhanced privacy in DeFi. Additionally, this deployment is expected to unlock new institutional use cases, ranging from private networks to networks tailored for specific asset classes, risk profiles, and user segments. This integration also unlocks new opportunities for the Aave-native overcollateralized stablecoin GHO and future products, such as fast, cost-efficient payments.

After positive technical evaluation done by BGD Labs and positive risk analysis by Chaos Labs and asset/parameters recommendations by the risk service providers, BGD had deployed the integration and the Aave DAO has approved USDC, USDT, WETH and wstETH as the initial assets available on Era. The initial risk parameters for each asset can be found here.

The Aave DAO is committed to redistributing any airdrops received from the ZKsync ecosystem via liquidity mining towards Aave users. The distribution will include GHO secondary liquidity incentives, safety module deployments, and merit programs. Aave Chan Initiative (ACI), one of Aave DAO’s service providers, will coordinate any liquidity mining campaign on the ZKsync Aave V3 deployment, on behalf of the Aave DAO.

The deployment governance proposals can be found here and here.

Contact

M Group Strategic Communications
ppadovano@mgroupsc.com

El Salvador’s National Bitcoin Office Announces Bitcoin Certification

//

El Salvador’s National Bitcoin Office (ONBTC) has initiated a comprehensive training program to educate and certify 80,000 government employees on Bitcoin. The Bitcoin-friendly nation aims to equip public servants with essential knowledge on the strategic management and public policies surrounding Bitcoin.

This extensive 160-hour virtual and asynchronous training, known as Certification in Public Administration 1, is structured into seven modules. Each module covers various concepts, laws, skills, and management techniques related to the use of Bitcoin as legal tender.

Stacy Herbert, director of ONBTC, anticipates that educating civil servants will have a “compounding effect” on El Salvador’s Bitcoin-driven economy. She plans to introduce more educational initiatives, emphasizing the importance of these long-term commitments to the country’s success. “These education projects are very low time preference commitments to the long-term success of El Salvador and its Bitcoin (and tech) policy,” Herbert stated.

The Bitcoin certification program is conducted by the Higher School of Innovation in Public Administration (ESIAP), an institution inaugurated by President Nayib Bukele in August 2021. According to ONBTC, also known as “The Bitcoin Office,” the curriculum is specifically designed “to strengthen the standard of excellence in governance and public administration in El Salvador.”

El Salvador’s success with Bitcoin adoption has attracted the attention of other nations, particularly those grappling with hyperinflation. In May, Argentina began collaborating with El Salvador to learn from its experience with Bitcoin adoption and other cryptocurrency activities.

Argentina’s securities regulator, the National Securities Commission (CNV), met with El Salvador’s National Commission of Digital Assets (CNAD) to discuss strategies for crypto adoption and regulation in both countries.

Binance Returns to Indian Market After 7-Month Absence

/

Crypto exchange Binance has made a comeback on India’s Google Play Store and Apple App Store after a seven-month absence due to noncompliance with local regulations.

On August 15, Binance’s website and Android and iOS apps became accessible to crypto investors in India once again. Binance confirmed to Cointelegraph that it has now registered as a reporting entity with India’s Financial Intelligence Unit (FIU-IND), a legal requirement for all crypto exchanges operating in India to combat money laundering.

India had previously banned Binance for failing to comply with these regulations. The FIU-IND, a government agency focused on financial intelligence and combating financial offenses, had blocked the URLs and mobile apps of Binance and eight other crypto exchanges in January for not registering with law enforcement.

In April, an unconfirmed report suggested that Binance intended to pay a $2.25 million fine imposed by the FIU for noncompliance as part of its plan to reenter the Indian market. While Binance has now registered with the Indian authorities, it did not confirm whether it paid the previously reported fine.

Commenting on Binance’s return to India, Binance CEO Richard Teng stated, “Recognizing the vitality and potential of the Indian virtual digital asset market, this alignment with Indian regulations allows us to tailor our services for Indian users.”

Binance announced that its registration with Indian authorities marks its “19th global regulatory milestone,” noting that India is among the top five countries by estimated transaction volume across all crypto ecosystems.

By registering with the Indian government, Binance will implement Anti-Money Laundering (AML) policies and a framework for Combating the Financing of Terrorism (CFT) in the Indian market. Teng added, “Our commitment to stringent regulation forms a fundamental part of our business strategy. It’s about fostering a secure, transparent, and efficient environment.”

Before its reentry into India, Binance obtained a crypto license in Dubai in April. The exchange secured its virtual asset service provider (VASP) license after co-founder Changpeng Zhao relinquished his voting power in the exchange’s local entity, according to a Bloomberg report.

ETHWarsaw 2024 Conference and Hackathon returns for its third edition

London, United Kingdom, August 21st, 2024, Chainwire

  • Event to coincide with Warsaw Blockchain Week, Poland’s largest blockchain gathering for the second year running
  • Amidst bull market hype, the conference highlights the importance of responsible innovation and building
  • 48-hour hackathon offers $50,000 in prizes for pioneering blockchain solutions

ETHWarsaw, web3 conference and hackathon organized by Ethereum enthusiasts, is set to return for its highly anticipated third edition. Scheduled to take place from September 5th to 8th, 2024, in Warsaw, Poland, the event will once again bring together a global community of builders, founders, and educators in the web3 space.

Building on the success of previous years, ETHWarsaw 2023 attracted over 1,000 participants and hosted more than 200 hackers competing for nearly $70,000 in prizes. The event also introduced Warsaw Blockchain Week, Poland’s largest blockchain gathering, and EthWarsawVC, a one-day program connecting venture funds with promising blockchain projects. Due to strong community support, both events will return for the 2024 edition.

“After two successful editions, we’ve found a formula that works and grows organically each year. That’s why we’re maintaining the same format and keeping the audience size intimate, especially since recent feedback suggests that as events grow in size, the quality can suffer,” said Paulina Joskow, co-founder of ETHWarsaw.

She continued, “That said, the third edition will bring some changes. With the potential onset of a bull market, we anticipate rapid growth, attracting investors, customers, and significant capital. However, this also brings the risk of subpar products and scams. It’s crucial to differentiate between the good and the harmful, understand the risks, and always build responsibly. This is the core message we want to emphasize at this year’s conference.”

Monika Zajac, co-founder of ETHWarsaw, added, “We also want to challenge the stereotype that only developers and ‘crypto-bros’ are interested in blockchain. Our goal is to showcase the diverse faces and backgrounds within the community and ultimately lower the barriers to entry. This includes highlighting efforts to simplify onboarding, clearly communicate product values, provide supportive infrastructure, and offer quality education to accelerate progress.”

ETHWarsaw is designed to cater to both seasoned professionals and newcomers to the web3 space, offering valuable insights for developers, non-technical talent, and students alike. The conference will feature two days of content, including talks, panels, and workshops, organized into four key tracks:

  • Infrastructure and Scalability — Exploring ways to build and expand blockchain networks to handle more users and transactions efficiently. This includes innovations in blockchain layers, advanced data storage solutions, and integrating AI with blockchain technology.
  • Security and Resilience — Focusing on how to keep blockchain systems safe and private. Topics will include the latest in cybersecurity practices, how different blockchain systems maintain trust, and the role of ethical hackers in identifying vulnerabilities.
  • Decentralized Finance (DeFi) Innovations — Delving into decentralized finance (DeFi) and related topics like digital wallets, decentralized exchanges (DEX), and new ways to invest using blockchain. It also covers the legal and regulatory aspects of this evolving financial landscape.
  • Mass Adoption — Discussing how to make blockchain and web3 technologies more user-friendly and accessible to everyone. This track will cover user experience, building communities, marketing in the web3 space, and opportunities in the web3 job market.

This year’s lineup of speakers includes notable figures such as Marek Olszewski from Celo, Anastasia Melachrinos from Kaiko, Kevin Jones from BuidlGuidl, and Omar Espejel from Starknet.

Following the conference, the overnight hackathon will kick off on Friday evening, offering a 48-hour marathon of non-stop building. Teams and individuals will have the opportunity to gain hands-on experience with cutting-edge applications and advanced tools, with prizes totaling approximately $50,000.

Returning sponsors for ETHWarsaw 2024 include AlephZero, Golem, Arweave, Optimism, RedStone, Starknet, Celo, Request Network and Scroll among others.

ETHWarsaw 2024 will be hosted at a new venue, Browary Warszawskie, located in the vibrant Wola district of Warsaw. Known for its mix of contemporary residential and office spaces, this area is also home to a thriving scene of cafes and restaurants. 

For more details about the event and to purchase tickets for the conference and hackathon, users can visit https://www.ethwarsaw.dev.

About ETHWarsaw

ETHWarsaw is a community-led, grassroots conference and hackathon organized by active members of the web3 community working in blockchain-focused companies around the world. ETHWarsaw is the biggest web3 conference and hackathon in the CEE region and it aims to bring together developers, researchers and enthusiasts of the Ethereum ecosystem to exchange ideas, drive adoption and drive decentralized and privacy-led future.

Users can stay connected with ETHWarsaw:

Contact

Head of Comms
Martyna Borys-Liszka
ETHWarsaw
martynambl@ethwarsaw.dev

Conflux and China Mobile’s Migu Debut World’s First Blockchain-Based Video Ringtone

New York, United States, August 21st, 2024, Chainwire

Conflux Network, China’s only regulatory-compliant public blockchain, is teaming up with China Mobile, the nation’s largest telecom provider boasting over 1 billion monthly users. This strategic alliance aims to revolutionize digital collections via Migu, China Mobile’s digital content division. Conflux Network and China Mobile will introduce cutting-edge digital collectibles like video RBTs (Ringback Tones), digital identities (DIDs), and blockchain communication hardware, all driven by the Conflux TreeGraph public blockchain.

The first release from this partnership is set to make history as the world’s first public blockchain-based digital collectible video ringtone. Titled the “MIGO and His Friend ConFi” series, it will launch on August 23, 2024, at 10:00 AM Beijing Time and will be available for purchase through the “Digital Collectibles” section of the Migu Music App.

This collection features characters from Conflux’s mascot, “ConFi,” alongside “MIGO,” China Mobile Migu’s pioneering NFT product. The series integrates real-life landmarks from Hong Kong to tell a story of friendship through captivating visual storytelling. The “MIGO and His Friend ConFi” video ringtones will be sold as mystery boxes, with 5,000 units available at 13.9 RMB (~2 USD) each. Of these, 500 units are rare editions, representing just 1% of the total. These video ringtone mystery boxes offer a cutting-edge 5G experience, combining personalization, social interaction, and interactivity. Users can view the corresponding video ringtone directly on their phone screens during calls without needing to install additional software.

Since 2021, Migu has been one of China Mobile’s fastest growing verticals as a leader in immersive media technologies. Migu has driven digital content innovation with a strategic focus on ultra-high-definition video, video ringtones, cloud gaming, cloud VR, and cloud AR, all as part of their Metaverse evolution strategy. The partnership with Conflux marks Migu’s first venture into Metaverse and digital collectible applications on a public blockchain network, bringing this technology to Migu’s 120 million monthly active customers.

About Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced.

As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom, Little Red Book (China’s “Instagram”), McDonald’s China, and Oreo. Users can learn more: https://confluxnetwork.org/

About China Mobile Migu 

China Mobile Migu is a specialized subsidiary of China Mobile focused on the mobile internet sector. The company is dedicated to the core principle of “digital content platform,” integrating the characteristics of both telecom operators and internet companies. Supported by advanced technologies, Migu continues to build its core capabilities in content technology, platform technology, and cloud network technology. Migu is actively exploring innovative “Internet + digital content” operations, combining content incubation with channel partnerships, and is working to develop platforms for new media integration, digital content aggregation, copyright transactions, and content entrepreneurship. Migu is committed to transforming the way users experience entertainment and culture. Migu boasts 400 million video ringtone users, 25 million digital smart users, over 60 million e-books, and 130+ published books. Migu also offers 2,300 cloud games with 120 million active users, making it a top culture-tech brand and new media platform.

Contact

Melissa Tirey
melissa@shift6studios.com

Omnichain BTC Asset FBTC Crosses $100M in TVL, Ignition Unveils “Sparkle” Campaign”

Singapore, Singapore, August 21st, 2024, Chainwire

The landmark milestone marks the start of a new era for Bitcoin’s utility

Following the launch of FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, Ignition today announced that FBTC has crossed $100M in Total Value Locked (TVL) according to Dune. Also announced is the “Sparkle” campaign, where early FBTC holders will receive points-inspired “Sparks” for future rewards. FBTC is supported by core contributors Mantle, a burgeoning DAO-led blockchain ecosystem built around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol mETH Protocol, and Antalpha Prime, a reliable digital asset technology platform for institutions. 

As tokenized bitcoin assets pave the way for Bitcoin’s resurgence in DeFi, FBTC’s significant milestone ushers in a new era of Bitcoin’s evolving utility and velocity — transforming the original cryptocurrency from a simple store of value into a dynamic asset that offers the potential for various yield-generating possibilities. 

Incubated by Ignition, FBTC is an omnichain BTC asset that is liquid and easily composable in various yield enhancement strategies. FBTC aims to liberate the growth potential of Bitcoin by becoming the standard for Bitcoin transactions, essentially rendering all other blockchains into a Bitcoin L2. FBTC is currently deployed on Ethereum, Mantle Network and BNB Smart Chain, with more supported blockchains to come. 

“The remarkable achievement of $100M in TVL for FBTC in such a short time is not just a significant milestone for this nascent BTC asset, but a testament to the evolving landscape of Bitcoin utility. FBTC’s rapid adoption, supported by Ignition’s diverse ecosystem of partners, signals a new chapter in decentralized finance (DeFi) where Bitcoin’s potential is being fully realized across multiple blockchains. As Ignition continues to innovate and expand FBTC’s capabilities, we’re not just creating opportunities for yield — we’re reimagining how Bitcoin interacts with the broader DeFi ecosystem,” said Igneus Terrenus, Paramount Pyromancer at Ignition. 

FBTC’s rapid adoption is supported by dozens launch partners, including heavyweights such as Avalon Labs, Bybit Web3, Cobo, Ethena Labs, OKX Wallet, Pendle and Solv Protocol, reflecting FBTC’s credibility and the industry’s evolving interest in innovative Bitcoin solutions. 

With FBTC, Ignition aims to create a seamless, multi-chain environment for users to efficiently explore DeFi yields. The ability to swap and bridge FBTC between Ethereum, Mantle Network and BNB Chain further enhances its utility, making it accessible for a majority of blockchain users. Today, holders of FBTC are able to leverage their idle Bitcoin holdings across several yield-generating opportunities on Ethereum, Mantle Network and BNB Chain, enabling a wider range of use cases on various L1s and L2s that will be unveiled soon. 

Ignition also unveiled its plans for an upcoming “Sparkle” campaign. Participants will receive points-inspired “Sparks” for their engagement with and contributions to the FBTC ecosystem. Running from Aug. 21 to Sept. 21, eligible protocols for the Sparkle campaign include PumpBTC, Bedrock, Mezo Network, Avalon Labs, Fuel Network, Pell Network and Solv Protocol. Throughout the Sparkle campaign, Ignition will continue to integrate new protocols, launch side campaigns, and offer external incentives to enhance the user experience and reward system. Find out more at https://fbtc.com/ongoing-campaign. 

Looking ahead, Ignition is collaborating with Babylon, the self-custodial Bitcoin Staking Protocol that aims to build a Bitcoin-secured decentralized world, to launch a BTC vault that gives users exposure to Babylon native staking. This undertaking, along with other exciting events and collaborations, underscores Ignition’s unwavering commitment to building a vibrant, community-driven ecosystem around FBTC. The rapid adoption and strong security of FBTC signals a promising future for Bitcoin’s evolving role in the DeFi landscape, propelling it to fully unlock its immense potential within the broader decentralized finance ecosystem. 

About Ignition FBTC

Incubated by Ignition, FBTC is a secure, decentralized, and composable BTC asset aimed at liberating Bitcoin’s true power of growth. FBTC provides a liquid Bitcoin asset that adheres to a 1:1 peg with BTC to redefine its role across all blockchain platforms. By fostering DeFi composability, cross-chain interoperability, and promoting widespread adoption of BTC applications, FBTC represents the beacon of a high-speed, low-friction and interoperable future for all blockchains and every tokenized economy to flourish. FBTC is powered by core contributors Antalpha Prime and Mantle. 

For more information, users can visit

Website | X/Twitter | Discord | Telegram

Contact

FBTC
windrangerlabs@wachsman.com

A Strategic Shift! Jiritsu Signals New Era With Brian Johnson as CSO

//

The crypto industry is a dynamic landscape where blockchain technology constantly evolves. First, it has to be that way to stay relevant as the pioneering tech for the future of finance. 

Second, it’s an industry that embraces the philosophy of one of the greatest NASCAR drivers of all time: Ricky Bobby.

“If you aren’t first, you’re last.”

To be the best, strategic leadership makes all the difference. Jiritsu has appointed Brian Johnson as its new Chief Strategy Officer (CSO). This appointment is expected to influence both the company and the broader industry. Here is what it all means for Jiritsu and the crypto sector.

A New Chapter for Jiritsu

Jiritsu has carved a niche for itself as a leader in blockchain, AI, and real-world asset integration. The addition of Brian Johnson as CSO marks a pivotal moment for the company, indicating a seismic shift in its strategic direction. 

Known for his sharp acumen in crypto investments, Johnson’s leadership is anticipated to propel Jiritsu into new realms of innovation and growth.

Brian Johnson’s involvement with Jiritsu isn’t entirely new. His association dates back to Republic Capital’s seed investment in the company, where he played a crucial role as a strategic partner. 

That collaboration laid a strong foundation for Johnson’s transition into his current role. His past engagement with Jiritsu has created a seamless shift, providing a sense of continuity and optimism for future endeavors.

Who is Brian Johnson?

Brian Johnson is not just another executive in the crypto world. He’s a distinguished figure known for his strategic foresight and investment prowess. 

As Senior Director and Head of Crypto Investments at Republic Capital, he has shaped and executed successful investment strategies. His track record includes backing renowned ventures like Dapper, 1inch, and Avalanche, to name a few.

Johnson’s reputation as a visionary is underscored by his ability to connect people and ideas. 

Industry leaders have acknowledged his influential presence, including Jiritsu’s Co-Founder, Asher Gottesman, who describes Johnson as “the greatest connector the crypto space has ever seen.” Such endorsements highlight the impact Johnson is expected to have in his new role.

Johnson’s Role Within Jiritsu

The move is set to elevate Jiritsu’s capabilities. His experience steering over 40 crypto ventures positions him as a strategic asset for Jiritsu, particularly in integrating off-chain data with blockchain and AI technologies. 

His vision aligns with Jiritsu’s mission to lead in Layer 1 and Layer 2 solutions, decentralized AI, and real-world asset integration.

Johnson aims to make Jiritsu a standard-bearer for its ZK-MPC technology. He envisions protocols leveraging this tech to next-level their systems through superior compute, automation, and data integration. This ambitious vision has the potential to redefine industry standards and place Jiritsu at the forefront of technological innovation.

Driving Jiritsu’s Mission Forward

With Johnson at the helm of strategy, Jiritsu is poised to strengthen its position as a major player in the space. His leadership is expected to build new partnerships and open new pathways, driving the company’s mission forward. 

Johnson’s unparalleled connectivity and strategic acumen promise to unlock possibilities for Jiritsu and its stakeholders.

The company’s evolution under Johnson’s guidance is supported by its comprehensive end-to-end solutions and strategic partnerships. 

Collaborations with entities like Susquehanna and Brinks further bolster Jiritsu’s capabilities, ensuring compliance and flexibility in its offerings. Powered by the Avalanche Cloud, Jiritsu’s Unlimited Verified Compute (UVC) framework exemplifies its commitment to cutting-edge technology.

Always Building for the Future

Jiritsu is a pioneering Layer 1 blockchain platform that incorporates a native ZK-MPC oracle to support real-world assets. The protocol allows users to orchestrate and verify complex computational workflows secured by advanced computational engines and a workflow manager. 

With over 3.5 million proofs live, Jiritsu continues to empower its users and expand its influence in the blockchain space.

Meanwhile, Brian Johnson’s appointment as Chief Strategy Officer marks a transformative moment for the company, with implications for Jiritsu and the broader industry. 

His extensive experience in crypto investments and proven track record of connecting innovative ideas with strategic execution positions him to lead Jiritsu into a future defined by growth and technological advancement. 

As Jiritsu solidifies its role as a leader in integrating blockchain, AI, and real-world assets, Johnson’s vision promises to establish new industry standards and build new, meaningful collaborations.

Flipster Announces Collaboration with Tether

Warsaw, Poland, August 20th, 2024, Chainwire

Flipster, one of the leading crypto derivatives trading platforms, is listing Tether Gold (XAU₮) issued by TG Commodities Limited to its platform, providing users with new opportunities to deposit, withdraw, and convert the gold-backed digital asset. 

Flipster CEO Yongjin Kim commented: “Tether continues to lead the stablecoin market, maintaining the highest market cap among its peers. As blockchain technology evolves, there is growing interest in real-world assets like gold being brought on-chain. Tether is well-positioned to capitalize on this trend, offering products like Tether Gold that provide users with a way to gain exposure to the value and stability of gold.”

To celebrate the introduction of Tether Gold on its platform, Flipster has launched two exciting campaigns designed to reward users for engaging with this new offering:

1. Tether Gold Launchpool

  • Total prize pool: 60,000 USD₮
  • Daily rewards: Win up to 12,000 USD₮ daily by staking XAU₮ and converting crypto to XAU₮.
  • Campaign dates: 20 August 00:00 UTC to 25 August 00:00 UTC

2. Tether Conversion Campaign

  • Earning up to 24% APR: Converting staked XAU₮ to USD₮ and earning up to 24% APR, in addition to other ongoing campaigns, on the user’s entire USD₮ wallet balance.
  • Campaign dates: 25 August 00:00 UTC to 8 September 00:00 UTC

By adding Tether Gold to its platform, Flipster continues to build on its reputation as a forward-thinking platform that provides users with the tools they need to navigate the evolving digital asset landscape.

“At Flipster, we are thrilled to offer access to these innovative assets, empowering our users to explore real-world asset opportunities and enhancing our platform’s appeal as a comprehensive trading hub,” said Kim.

About Flipster

Flipster is among the fastest-growing crypto derivatives trading platforms, offering lightning-fast perpetual futures listings on the latest cryptocurrencies. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens with high liquidity and zero trading fees. For media enquiries or interview requests with the team, please reach out to pr@flipster.io. 

X | Facebook | Instagram | LinkedIn | Official Telegram | Announcements Telegram

About Tether and USD₮

Tether is a pioneer in stablecoin technology, driven to revolutionize the global financial landscape, its mission is to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion and communication resilience, fosters economic growth, and empowers individuals and businesses.

As the creator of the industry’s largest, most transparent, and liquid stablecoin, Tether is dedicated to building sustainable and resilient infrastructure to benefit underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.

About Tether Gold (USD₮)

Tether Gold (Gold) is a digital asset offered by TG Commodities Limited. One full USD₮ token represents one trou fine ounce of gold on a London Good Delivery bar. XAU₮ is available as an ERC-20 token on the Ethereum blockchain, The token can be traded or moved easily at any time, anywhere in the world, and can be transferred to any on-chain address from the purchaser’s Tether wallet where it is issued after purchase. The allocated gold is identifiable with a unique serial number, purity, and weight and is redeemable in the form of physical gold.

Important Note

This press announcement is not an offer to sell or the solicitation of an offer to buy Tether Gold (XAU₮). TG Commodities Limited will only sell or redeem XAU₮ pursuant to its gold token terms of sale and service available (as of the date of this press release) at gold.tether.to/legal. 

Contact

Brand Marketing Manager
Shirlyn Tan
Flipster
pr@flipster.io

Why Crypto Still Isn’t the Top Payment Option at Online Casinos?

/

Blockchain technology that facilitates cryptocurrency payments is typically much quicker than the average transaction times processed by most other online payment processing companies, and the higher levels of encryption used during crypto payments also make transactions more secure. 

However, hundreds of fully licensed and regulated iGaming sites still don’t accept cryptocurrencies, which means it is still not the top payment option at online casinos. Let’s dive in to find out why so many online casino operators still don’t accept crypto payments from fully registered members. 

Why do some sites still not accept crypto payments?

Online casino operators must obtain the necessary licenses to operate in certain markets/jurisdictions. To legally operate in the United Kingdom, businesses must be licensed and regulated by the UK Gambling Commission – the main governing body/gaming commission that oversees all legally permitted gambling activities in this region. 

The UK Gambling Commission has not ruled out using Bitcoin, Ethereum, Tether, DogeCoin, Litecoin, XRP, Stellar, Solano, or any other legitimate cryptocurrencies to play the best UK slots at UK-licensed online casinos. A page even states that they ‘can’ issue operating licenses to businesses that receive crypto funding. 

However, due to the very decentralised nature of cryptocurrencies and blockchain technology, it’s impossible for the casino operator to prove/verify where it receives its source of funding when cryptocurrency is involved, which contradicts the United Kingdom Gambling Commission’s policy of transparency of funding. 

Therefore, for the time being, we are unlikely to see this gaming commission granting licenses to crypto-accepting sites that allow players to deposit and withdraw via this method. 

In other words, if you want to play at trusted sites like Unibet, you will first need to convert your cryptocurrency into fiat currency, which, in this case, would be GP Pound Sterling (GBP). 

Which payment methods can UK online casino players use for deposits and withdrawals?

Each site is different in terms of which payment methods it accepts. However, UK-licensed casino site operators tend to cater to a wide audience by accepting several highly secure and popular online payment methods (traditional online payment methods and alternative payment methods. 

When you sign up to play online casino games in the real money mode, some of the most commonly accepted deposit and withdrawal options include the following:

  • Trustly and other instant/direct bank transfer options
  • Debit cards, such as Visa and Mastercard
  • Paysafecard prepaid card
  • eWallets, such as Neteller and Skrill
  • Mobile wallets, such as Apple Pay

The minimum deposit amount is typically either £10 or £20, depending on the casino and your deposit method. Deposits are processed instantly, and withdrawals usually take no longer than a couple of hours to be processed. 

To deposit on a UK-licensed site, you must be at least 18 years old and have an active account on that site. It takes less than a minute to sign up to most UK online casinos and to prove you are of legal age and who you say you are, you must also be prepared to complete the account verification process known as KYC (Know Your Customer).

Final thoughts

There may come a time when UK online casinos start accepting cryptocurrencies, but it won’t be any time soon. If you sign up to a UK online casino to play games in the real money mode, remember to gamble responsibly at all times. 

iGaming operators today provide a range of safer gambling tools that players are advised to use to ensure they remain within their budgets. For example, some of the most effective gambling controls used by UK players today are win/loss limits, session time reminders, and deposit limits. 

Gambling responsibly also means never playing while tired or intoxicated, learning game rules before playing, and never playing games or placing bets out of sheer necessity. 

1 … 87 88 89 90 91 … 346