Connect with us

Business

Alibaba Payments App to Step Up Scrutiny Over Crypto OTC Trading

Published

on

Alibaba

Ant Financial, the payments affiliate of Alibaba, is cooperating with Chinese regulators to scrutinize peer-to-peer cryptocurrency trading using its Alipay mobile app. Beijing News, a media outlet administrated by the Communist Party, reported on Friday Ant Financial is now beefing up efforts to monitor both merchant and customer accounts as well as notable sites that integrate the Alipay gateway to facilitate over-the-counter (OTC) crypto trading.

A spokesperson from Ant Financial told CoinDesk that “Alipay adheres to the principle of not providing services for virtual currency transactions,” adding:

“We have been and will continue to closely monitor over-the-counter trading activities. If we find any transactions that we suspect are related to virtual currencies, we take appropriate measures including, but not limited to suspension of related fund transfers and permanently restricting payment collection functions of accounts involved.”

However, the company did not offer details on whether or how many accounts it had already found with crypto trading involvement. Following the notable ban on crypto trading and initial coin offerings from People’s Bank of China in September 2017, major Chinese exchanges all shifted their businesses overseas but continued to offer crypto-to-fiat OTC trading. Alipay, WeChat Pay and bank transfer have since been used as ways for Chinese residents to purchase cryptocurrency assets.

Business

Etherland To Launch Tecra Space Funding Round

Published

on

Etherland will be launching a funding round on the blockchain investment platform Tecra Space on April 9.

This campaign will support the continued development of Etherland’s technology, addressing practical challenges within the global real estate industry. The solutions focus on streamlining processes, improving security, and creating greater efficiency for B2B transactions.

The Tecra Space campaign offers investors the chance to participate in this project with a range of investment tiers. Funds raised will directly fuel the expansion of Etherland’s technology and its real-world applications.

Tecra Space: Community-Focused Fundraising

Etherland’s decision to launch its fundraising campaign on Tecra Space aligns perfectly with the company’s goals. Tecra Space specializes in supporting early-stage blockchain projects. Unlike traditional fundraising models, it allows Etherland to raise capital without sacrificing ownership or control of its technology. This approach resonates with Etherland’s commitment to innovation and desire to maintain autonomy.

“Tecra Space shares our vision for decentralized innovation. Their model allows us to accelerate Etherland’s growth while ensuring our technology remains in the hands of our team and the community it serves,” stated Alexis Brand, the CEO of Etherland.

Here are the features Tecra Space offers for early participants:

  • Early Access: Investing early allows users to support cutting-edge blockchain solutions with the potential for growth.
  • Community-Driven: Tecra Space encourages a strong investor community, fostering collaboration and knowledge-sharing around promising blockchain projects.

Tecra Space: Participation Tiers and Rewards

The Tecra Space campaign offers a range of participation tiers, each with unique benefits and rewards. These include:

  • NFT Investment Certificates: Distinctive INVCERT NFTs granting special community status, investor communication channels, and voting power within Etherland’s DAO.
  • Top 15 Rewards: The top 15 contributors receive exclusive NFTs, including those from the “LANDAO” and “Lost Worlds” collections, and the opportunity to mint custom LANDIDs.
  • NFT Lottery: All participants are entered into a lottery with the chance to win valuable NFTs, supporting heritage preservation and unlocking potential future benefits.

A step-by-step guide to participating in the Tecra Space fundraising round:

  1. Starting Out: Interested Users can create a free account on the Tecra Space website.
  2. Choosing Funding Method: Users can select a preferred way to deposit funds – options typically include bank transfer, PayPal, debit/credit cards, or cryptocurrency.
  3. Finding the Etherland Campaign: Users browse through active campaigns on Tecra Space and locate the Etherland project page, of which will be live in the near future.
  4. Exploring the Tiers: Users should carefully review the available investment tiers and their associated rewards to find the best fit.
  5. Making Contribution: Users are to selected the desired tier, enter the amount, and complete the transaction using the Tecra Space wallet.

Etherland: Disrupting the Real Estate Industry with Blockchain Tech

The global real estate industry faces significant challenges, including slow processes, security vulnerabilities, and limited transparency. Etherland aims to address these issues head-on by leveraging the power of blockchain technology.

Here’s how Etherland’s approach offers tangible solutions:

  • Streamlining Transactions: Etherland’s ProApp employs decentralized identifiers, secure document management, and efficient workflows to accelerate the transaction process.
  • Bolstering Security: Blockchain’s inherent encryption and distributed ledger system provide superior protection for sensitive real estate data.
  • Promoting Transparency: NFTs generate tamper-proof records of ownership and property history, enhancing trust between all parties involved.
  • Powering the Ecosystem: The ELAND token plays a crucial role within Etherland’s network, enabling transactions, incentivizing participation, and offering governance rights.

Etherland’s focus on real-world applications of blockchain technology has the potential to streamline operations and create new opportunities within the real estate sector.

Beyond B2B: The Estatepedia and Heritage Preservation

Etherland’s ambitions extend beyond revolutionizing business transactions. The Estatepedia is a decentralized, blockchain-based encyclopedia of the world’s iconic landmarks. The Tecra Space funding round will allow the team to improve the technology behind Estatepedia, which relies on NFTs acting as secure digital vaults capable of storing vast amounts of historical data, images, and even 3D models associated with specific locations.

The Estatepedia has the potential to:

  • Preserve History: Create immutable records of cultural heritage sites, ensuring their stories endure.
  • Foster Global Collaboration: Enable communities worldwide to contribute knowledge and enrich the understanding of their local landmarks.
  • Safeguard Knowledge: Protect precious historical information from potential loss or alteration.
  • Impressive Track Record: The landmarks Etherland NFT collection has documented some of the most important landmarks on the planet and has a floor price of over ETH 1 ($3,200), with some sales exceeding $10,000.

The Tecra Space campaign is crucial for making the Estatepedia a reality. The development of secure storage, intuitive document management, and interactive community features directly supports this initiative. Tecra Space participants are early backers of a leading web3 real estate venture that champions the global effort to safeguard our shared human history.

About Etherland

Etherland’s blockchain-powered solutions address tangible problems, offering the promise of streamlined processes, greater security, and a more accessible market. The project’s ProApp has already been used to improve the documentation of real estate and landmarks, but now the team is looking to take the next step.

The Tecra Space campaign allows users to join this journey into real-estate innovation and be part of Etherland’s larger vision to preserve cultural heritage through Estatepedia.

A dedicated Etherland landing page will be published on Tecra in the coming days, where users can take part in the raise.

Continue Reading

Business

FusionLots Easily Adapts to the Current Crypto Revolution

Published

on

FusionLots has recently expanded its services to cater to the increasing demand for secure, user-friendly digital asset management solutions. The company has developed a robust platform that offers a comprehensive range of cryptocurrency solutions to simplify transactions for crypto enthusiasts worldwide.

Amid the ongoing cryptocurrency revolution, FusionLots aims to be at the forefront by providing a highly secure and welcoming platform that prioritizes user security and accessibility. The company is committed to offering a seamless experience to users looking to engage with digital assets. FusionLots is dedicated to fostering confidence and convenience in cryptocurrency dealings by embracing innovation in the industry.

FusionLots’s expansion into the cryptocurrency market is a significant milestone in its growth trajectory, indicating its readiness to embrace emerging technologies and adapt to the financial landscape. By offering a comprehensive suite of cryptocurrency solutions, the company remains committed to empowering users with the tools and resources they need to navigate the world of digital assets efficiently. With its focus on innovation and user satisfaction, FusionLots continues to be a trusted and forward-thinking financial services provider.

About FusionLots

FusionLots is a global brokerage firm that caters to traders across various financial markets. The platform offers access to multiple assets, including cryptocurrencies, stocks, indices, commodities, and currencies. This ensures seamless trading experiences across various devices. The company prioritizes compliance with regulatory standards and is dedicated to providing traders with valuable insights and personalized assistance to help them improve their skills and achieve desirable outcomes.

FusionLots strives to help traders achieve their financial goals by providing personalized services and dependable support. The platform offers various account types and analytical tools to encourage diverse trading strategies. FusionLots prioritizes customer satisfaction and security, making it a reliable partner for traders seeking success in the financial markets.

Company Details

Company Name: FusionLots
Company Address: Walbrook, EC4N 8AF, London, United Kingdom
Company Website: https://fusionlots.com/

Continue Reading

Business

Stablecoin Standard and Aleph Zero Announce Strategic Partnership to Facilitate the Future of On-Chain Commerce

Published

on

Stablecoins pegged to fiat currencies are key for mainstream blockchain adoption, but only if transactions remain private.

Stablecoin Standard, the industry body for stablecoin issuers globally, and Aleph Zero, a privacy-enhancing layer 1 blockchain announce their strategic partnership aimed at stimulating commerce on chain.

By partnering with Stablecoin Standard, Aleph Zero is engaging with most of the top stablecoin issuers around the world, currently representing 17 differently denominated currencies, including CAD, CHF, EUR, GBP, HKD, JPY and USD. The objective is to enable users of the Aleph Zero ecosystem to have multiple safe harbors on-chain that they can settle in, no matter where they are based. As Stablecoin Standard aggregates more fiat-backed stablecoin issuers, Aleph Zero users will have greater access to on-ramp and settlement options denominated in their domestic currencies.

Stablecoin Standard and Aleph Zero recognize that true privacy is not about hiding all information, but rather, empowering people to choose selectively what they share. Privacy means giving individuals control over their personal information, just as they have in traditional finance and the real world.

Consumers expect their transactions to be private by default, so the adoption of stablecoins on privacy-focused blockchains is set to shape the future of web3 commerce. However, Aleph Zero’s privacy also actively addresses anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements. By combining price-stable cryptocurrencies with inherent on-chain anonymity, these networks allow for private, legally-compliant, and censorship-resistant transactions ideal for e-commerce and payments.

“Historically, we talk about fast speeds, low costs and transparency when showcasing the benefits of the next generation of blockchains. However, if we expect private businesses to conduct business on-chain, there will need to be a higher degree of confidentiality to protect sensitive information. Aleph Zero is solving this problem and will unlock the true potential of commerce on chain” states Christian Walker, Chairman & Co-Founder of Stablecoin Standard.

Aside from reconciling in local currencies for businesses on-chain, other exciting use cases that will be explored include on-chain FX and instantaneous international remittance.

Matthew Niemerg, co-founder of Aleph Zero, said: “As one of the fastest layer 1 blockchains, we envision many real-world use cases for Aleph Zero. Our partnership with Stablecoin Standard opens up multiple possibilities and will provide vital services for users who want to transact with stablecoins. With inherent compliant-privacy features like shielded transactions and assets, Aleph Zero can offer the anonymity expected from traditional payments – setting the stage to bring commerce on-chain. By combining speed, safe havens, and transaction privacy, we aim to provide ideal infrastructure for the next generation of web3 adoption.”

Representatives from Stablecoin Standard and Aleph Zero are available for interviews to discuss this release.

About Stablecoin Standard

Stablecoin standard the industry body for stablecoin issuers globally, focused on real world applications for stablecoins. We share international best practices, business development use cases, industry led working groups, define what a high quality liquid stablecoin should look like, and engage with policymakers domestically & internationally.

About Aleph Zero

Aleph Zero is a layer 1 blockchain engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via ZKP and MPC, and offers a comprehensive toolset for WASM-based web3 development in Rust. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.

For more information about Stablecoin Standard and Aleph Zero, please visit their respective websites at stablecoinstandard.com and alephzero.org.

Continue Reading

Business

Banxa Drives Growth With Strategic Partnerships & Product Enhancements and Engages a Market Maker

Published

on

Banxa Holdings Inc. (“Banxa” or the “Company”) is pleased to provide a business update and announce the engagement of a market maker.

STRATEGIC PARTNERSHIPS

Banxa continues to expand its partner network, bolstering transaction volumes with key industry leaders. Highlighting a select few partners below:

  • SUI – A major Layer 1 blockchain and smart contract platform with over 8 million wallets and 218k daily active users, providing fast, private, and secure digital asset ownership
  • Coinmama – A leading cryptocurrency exchange with 4 million users across 188 countries, facilitating seamless crypto trading
  • Backpack – A non-custodial wallet based on the Solana and Ethereum blockchains, offering exclusive xNFT support
  • Meld.io – empowering developers to build a Multi Vendor Fintech stack, facilitating diverse financial solutions

PRODUCT ENHANCEMENTS

Banxa has made significant advancements across various aspects of its product offering, aimed at providing more value to its partners – creating deeper partnerships and improving the end user experience – translating to increased transaction volumes and profitability.

Partner-driven order pricing
Partners can now set and manage differentiated pricing for their users on a per-transaction basis in order to compete for new users or reward existing ones. Providing partners flexibility to take control of their user acquisition and retention goals

Advanced webhook statuses
Banxa now returns more granular and frequent updates to the status of orders via its webhooks feature. Partners can get a deeper picture of what’s happening with the order of their users, allowing them to create more specific and customisable user communications and experiences

Intelligent payment orchestration
Banxa has rebuilt its fiat payment management engine from the ground up, now with the ability to automatically route payment requests between acquirers, retry attempts, and providing users with pre-submission validation, significantly enhancing the percentage of successful transactions

Embedded Crypto Strategy
Banxa has furthered its exploration into an embedded crypto future and how it can revolutionize global commerce and exchange of value by leveraging its payments and compliance infrastructure. The Company is currently working with select partners on a product rollout plan

Overall, these advancements demonstrate Banxa’s commitment to innovation and addressing the evolving needs of its partners and users in the crypto payments landscape.

MARKET MAKER ENGAGEMENT

Banxa has engaged Generation IACP Inc. (“IACP”) to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange (“TSXV”). The objective of the engagement is to maintain a reasonable market and improve the liquidity of Banxa’s common shares on the TSXV.

IACP will receive a fee of C$7,500 plus applicable taxes per month. The agreement between Banxa and IACP is for an initial term of six (6) months and shall be automatically renewed for subsequent six (6) month periods (collectively, the “Term”) unless Banxa provides written notice of termination to IACP at least 30 days prior to the end of the Term or IACP provides a written notice of termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3%.

No stock options or other compensation are being granted in connection with the engagement. IACP does not currently own any securities of Banxa, however, IACP and its clients may acquire an interest in the securities of Banxa in the future. IACP is an arm’s length party to Banxa. IACP will be responsible for the costs it incurs in buying and selling of Banxa’s common shares, and no third party will be providing funds or securities for the market making activities.

IACP is a Toronto-based, independently owned investment dealer and a member of the Canadian Investment Regulatory Organization and a member firm of the Toronto Stock Exchange and the TSXV.

ABOUT BANXA HOLDINGS INC.

Banxa’s mission is to accelerate the world to Web3 with its leading global on-and-off ramp solution. Through its extensive network of local payment solutions paired with the required crypto licenses. Banxa provides its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives with operating headquarters in the USA, Europe and APAC regions. For further information go to www.banxa.com.

Continue Reading

Business

Apraemio and Biconomy Forge Strategic Partnership to Elevate Web3 Accessibility and Real-World Asset Integration

Published

on

Apraemio is excited to announce a strategic partnership with Biconomy, a leading infrastructure provider which is setting standards for seamless web3 transactions. This collaboration marks a pivotal step towards integrating Biconomy’s Account Abstraction SDK into Apraemio’s platform, enhancing the accessibility of the $APRA token and paving the way for the simplified integration of real-world assets into the digital economy.

Biconomy is renowned for its commitment to empowering web3 developers to onboard and retain users on decentralised ecosystems easily, making it an ideal ally for Apraemio’s mission to make cryptocurrency investments more accessible to a broader audience. This partnership aims to eliminate the traditional barriers faced by investors, thereby democratising access to digital and real-world asset investments.

Aniket Jindal, Co-founder and COO of Biconomy, noted “We’re thrilled to be able to partner Apraemio to create a more equitable and inclusive ecosystem for users of digital tokens and assets. We admire what the Apraemio team is doing and we’re positive that this collaborative push will further simplify the blockchain experience for the next 100M users and investors.”

Gergo Szoke, Marketing Director at Apraemio, shared his thoughts on the collaboration: “Our strategic partnership with Biconomy is a landmark achievement for Apraemio and the broader community. By leveraging Biconomy’s innovative solutions, we’re enhancing the user experience significantly, but more importantly, we’re bridging the gap between the digital and physical worlds. This collaboration will undoubtedly make the $APRA token a pivotal element in the investment portfolios of people around the globe, marking a new era in how we perceive and invest in physical gold.”

This partnership underscores both companies’ dedication to innovation, user satisfaction, and the broader adoption of digital assets. With a common vision for a simplified, more accessible Web3 ecosystem, Apraemio and Biconomy are setting new benchmarks for the integration of blockchain technology with real-world assets.

For further details on Apraemio and the forthcoming enhancements through Biconomy’s technology, please visit https://www.apraemio.com/.

About Apraemio

Apraemio is a gold-backed cryptocurrency project combining the best of both worlds – the heritage, stability and popularity of gold and blockchain technology’s innovation and financial freedom. The company holds exclusive rights to mine one of the largest gold reserves in Mali, Africa, and is committed to using blockchain technology to provide investors with a secure and transparent way to invest in gold.

About Biconomy

Biconomy is setting UX standards for seamless web3 transactions. An Account Abstraction-compliant developer toolkit that enables developers to deliver web2-like experiences in their dApps, Biconomy has on-boarded over 4M unique users across 400+ dApps while partnering companies such as JP Morgan, dYdX, The Sandbox, and Farcana.

Website: https://www.apraemio.com/
Website: https://www.biconomy.io/

Continue Reading

Business

Ronet Cyber Security launches a Solution-Oriented Service in the Crypto Industry

Published

on

Ronet Cyber Security uses computer forensic science to assist clients in recovering their cryptocurrency. The organization works with essential suppliers of skilled blockchain methods, such as trades, on-chain analysis, and research procedures. It employs broad strategies and recovers digital currency from the FX exchange.

It is known as computer forensic science in this sense, and it uses investigative and analytical methods to obtain evidence that is acceptable in a court of law. The company provides round-the-clock security services and training to financial managers, traders, digital currency reserves, block chain organizations, and other people who are exposed to or concerned about security.

Their talents and knowledge have prevented numerous security calamities and counterfeits. Every cybercrime can be tracked with the company’s assistance. To guarantee that a person’s transactions are safe and secure, Ronet Cyber Security provides crypto forensic services to companies, law enforcement, regulators, and individuals.

The cryptocurrency market has been projected by increasingly well-known crypto firms to be worth billions of dollars. But even as people invest and create safe futures, they still have to deal with cybercrime challenges. Using millions of assets, the organization assists in investigating into specific crypto addresses, activities, and entities and connects them to real-world performers.

Ronet Cyber security makes specific network visualizations of wallets and the trades that occur inside them. Through its Exposure Trails, clients can explore new information and data and see their results in a visual way. The organization equips each client with comprehensive information on every aspect of the digital forensic industry and provides consultations on forensic computers on a range of themes.

Furthermore, the group of professionals collaborates directly with the customers to comprehend their needs in order to support and retrieve money from digital cryptocurrency resources. In addition, the group of skilled investigators, legal advisors, attorneys, and computer specialists has a strong grasp of technological and investigative elements to provide their clients excellent services and precise outcomes. The experts benefit their clients in a variety of specific sectors.

About Ronet Cyber security:

Founded in 2020, Ronet Cyber security Limited is a reputable business. Occasionally called “computer forensic science,” it offers crypto forensic services, forensic computer consulting, and cybercrime tracking. The investigation specialists collaborate closely with their clients to fully comprehend each need. In addition, it offers businesses and organizations services for monitoring digital assets and reacting to events, threats, or intrusions that affect victims of fraudulent activities. Additionally, by visiting their main website, potential clients can get in touch with the team.

Website: https://www.ronetcybersecurity.co.uk

Continue Reading

Business

20% Revenue Growth and Getting Ahead of the Curve in Global Industry Trends: dxFeed Celebrates Remarkable Business Achievements in 2023

Published

on

dxFeed, a leading data solutions and index management provider for the global financial industry, is proud to announce a range of significant accomplishments and milestones achieved in 2023. The firm has demonstrated steady growth, innovation, and fintech industry recognition across AI, DeFi, IaaS, Index Management, and other segments.

Financial success:

  • dxFeed achieved a remarkable YoY overall revenue growth exceeding 20%, continuing a strong 10-year growth trend.
  • The product portfolio witnessed substantial expansion, enhancing the company’s position in the market.

Geographical expansion:

  • dxFeed’s London office has been established, joining existing representatives in the USA, Europe, the Middle East, the Asia-Pacific region, North Africa, Georgia, and Canada. This marks a pivotal step in global market outreach.
  • Geographical market data coverage expanded to include Australia and new European exchanges.
  • dxFeed unveiled a groundbreaking 24/5 data feed for US Equities, offering dxFeed clients round-the-clock trading capability by providing licensed and indicative license-free access to after-hours market data.

Retail segment growth:

  • dxFeed’s retail segment experienced exponential growth, with annual revenue doubling.
  • Strategic partnerships were forged with key players in the prop trading segment.
  • A dedicated product for end-to-end management of market data terminals and subscriptions was developed, catering to a diverse range of customers, including banks.

Index management:

  • Bruce Traan, a seasoned professional within the index industry, became dxFeed’s new Global Head of Indices, bolstering the company’s leadership in Index Management and delivering the next frontier of index solutions for dxFeed clients.
  • dxFeed expanded a comprehensive list of industry leading solutions for Index Management services and index product lines, including the calculation of indices for two SEC- and CFTC-regulated exchanges.
  • dxFeed created the innovative “Faces of the Crypto Market” index family to define cryptocurrency market dynamics. A proprietary methodology developed by dxFeed, each index within the index family (FACEn) corresponds to an independent risk source, offering a novel holistic representation of the diverse crypto asset universe.
  • dxFeed expanded the portfolio of synthetic asset indices for a wide range of global brokers.
  • dxFeed’s comprehensive range of indices was integrated into the Refinitiv platform to improve distribution, accessibility, and insights for financial professionals and investors worldwide.

IaaS cloud services:

  • dxFeed’s IaaS offering was named the Best Infrastructure Provider by the Sell-Side Technology Awards 2023, highlighting the product’s leading position and quality.
  • Infrastructure management for Top Tier brokers was productized, with successful POC projects with major hyperscale cloud providers.
  • A number of market data products customizations were implemented natively in the IaaS platform and were delivered to customers.
  • The IaaS team defined its focus for 2024: refining provisioning automation, fostering a cloud-native approach, and adopting more flexible cloud billing, aiming to secure the leading industry position.

Crypto/Web3 initiatives:

  • Active partnerships were established with all Web3 oracles existing on the market so far to provide data on various asset classes and deploy the firm’s own nodes in their networks.
  • dxFeed’s data has been made available not only through various APIs, but also via analytical Historical Data Lake.

AI/Display innovations:

  • dxFeed Spotlight, an innovative new AI-powered data engine, news & analytics portal, and ChatGPT plugin, has been introduced to the market.
  • The prestigious Benzinga Global Fintech Awards named dxFeed Spotlight as a finalist in two categories: Best New Product and Most Innovative in Capital Markets.
  • HFM FI Operations and Services Awards shortlisted dxFeed Spotlight as the Best New Front-Office fintech solution in 2024.
  • A dedicated professional team has been assembled to work on this product.
  • AI research and development has been separated into a dedicated unit to provide insight and create experimental models, as well as further developing proven models and their corresponding software stack.

HDL (Historical Data Lake):

  • New product versions were released, supporting a full range of events and asset classes, including order book market depth and DeFi AMM protocols.
  • The product’s analytical capabilities allow for multi-petabyte ad hoc data analysis, extraction, aggregation, processing and manipulation of mixed datasets of market and reference data, with unprecedented ease and performance.
  • The product now provides an excellent basis for building both retail Data Shops and enterprise-grade analytical systems for surveillance and general analytics.

Calculated data enhancements:

  • The dxPrice option pricing engine’s models have been enhanced to provide more accurate assessment of IV, and implied dividends and rates in various calculation scenarios.
  • Numerous performance enhancements have been implemented to ensure timely calculation with ever-growing data volumes and data rates in the U.S. Options market.

Market search advancements:

  • dxFeed Real-time Options Screener improved its performance, increased the number of data points, and provided support for full OPRA options coverage.
  • New enterprise clients experienced dxFeed Unusual Options advantages in detecting abnormal events in the market as front-running indicators for the stock market.
  • Significant improvements were made to Options Analytics’ ability to calculate implied dividends and corresponding stock.

Compliance focus:

  • dxFeed’s dedication to compliance was marked with the SOC 2 Type 2 certification milestone.
  • dxFeed’s professional compliance team has been strengthened and reshaped to face new challenges in 2024.
  • The team has mapped out its efforts for 2024: it will focus on obtaining ISO 27001 certification for dxFeed in general, and a BMR license for Index Management business in the European Union.

Awards and recognitions:

  • dxFeed’s IaaS offering was named the Best Infrastructure Provider at the Sell-Side Technology Awards 2023.
  • dxFeed Spotlight was shortlisted as the Best New Product and Most Innovative at the Benzinga Global Fintech Awards 2023.
  • Tamara Magel, dxFeed’s Managing Director of Planning and Control, was shortlisted for the European Women in Finance Awards.
  • The HFM FI Operations and Services Awards 2024 shortlisted dxFeed in multiple categories, including Best New Front-Office Fintech Solution (Spotlight), Best Data Provider (dxFeed), and Best Cloud-Based Front-Office Solution (IaaS).

As dxFeed looks forward to a promising future, these achievements underscore the company’s commitment to excellence, innovation, and leadership in the financial market data industry.

About dxFeed

dxFeed is a leading market data and services provider and calculation agent for the capital markets industry. According to the WatersTechnology IMD & IRD awards honors, it is the “Most Innovative Market Data Project.” dxFeed focuses primarily on delivering financial information and services to buy- and sell-side institutions in global markets, both traditional and crypto. That includes brokerages, prop traders, exchanges, individuals (traders, quants, and portfolio managers), and academia (educational institutions and researchers).

Continue Reading

Business

OrangeX Unveils $5M Innovation Fund, Accelerating Support for Bitcoin Ecosystem Growth

Published

on

OrangeX, a global cryptocurrency exchange, is proud to unveil its $5 million Innovation Fund. Designed to bolster the Bitcoin ecosystem and propel blockchain innovation, the Fund’s core focus is on investing in promising projects within the Bitcoin ecosystem, including Ordinals Protocols and BRC-20 standard tokens.

In the dynamic landscape of the evolving Bitcoin ecosystem, various features and functionalities are continually reshaping its potential. Notably, the BRC-20 token standard has emerged as a key player, attracting significant attention.

Recognizing the surging demand and immense potential of BRC-20 standard token projects, OrangeX’s Innovation Fund stands ready to provide crucial capital and infrastructure support to empower the community in building a resilient and flourishing Bitcoin ecosystem.

Exciting Bitcoin Ecosystem Initiatives

OrangeX is proud to introduce a range of products and services tailored for the Bitcoin ecosystem and projects, catering to user preferences. Key offerings include:

  • Bitcoin-based Token Trading: Facilitating the listing and trading of Bitcoin-based tokens. ORDI, the largest BRC-20 token, is now available on both OrangeX Spot and Perpetual Contracts.
  • Bitcoin Ecosystem Information: Providing valuable insights and analytics on the Bitcoin ecosystem.
  • Bitcoin Ecosystem Token Launchpad: Offering a fair and efficient token distribution service for promising Bitcoin ecosystem projects with financial, technical, and marketing assistance. Share early ecosystem returns with a larger customer base.

OrangeX CEO, Alexandra K, expressed confidence in the potential of outstanding Bitcoin Ecosystem projects. He stated, “These projects not only stand to receive financial backing from OrangeX but also gain access to a suite of services, resources, and connections available through our platform. With these tools, we believe our supported projects will thrive, succeed, and have a positive impact on the world.”

Empowering the Bitcoin Ecosystem: OrangeX’s Pioneering Role

Bitcoin, the original cryptocurrency, remains the bedrock of blockchain finance. Every trading platform benefits from the development of Bitcoin. If there is no Bitcoin, cryptocurrency exchange will no longer exist. With 15 years since its inception, the Bitcoin revolution continues to unfold, presenting a dynamic and evolving ecosystem. Anticipate groundbreaking innovations that will redefine possibilities.

As a central figure in this domain, every cryptocurrency exchange is urged to actively contribute to the ongoing development of the Bitcoin ecosystem. OrangeX, as a trailblazer, introduces the Innovation Fund, a platform committed to integrating Bitcoin ecosystem products. This initiative aims to address user needs in exchanging, managing, and investing in Bitcoin-based projects.

OrangeX invites collaboration from institutions, communities, and projects to join forces in propelling the growth and diversification of the Bitcoin ecosystem. Together, let’s forge a future where Bitcoin is more accessible, versatile, and inclusive – ensuring its enduring significance in the ever-evolving landscape of blockchain-based finance.

About OrangeX

Founded in 2021 in Seychelles, OrangeX stands as a worldwide cryptocurrency trading platform renowned for its cutting-edge technology, proficient team, and seasoned financial knowledge. With more than 1 million active users, OrangeX has built a comprehensive product line, dedicated to empowering investors to make a better future. OrangeX futures trading offers 3 service options: USDT-M Perpetual Contracts, One-Click Copy Trading and Powerful API. According to Coinmarketcap(CMC) and CoinGecko, OrangeX Spot now supports over 100 coins with approximately 130 trading pairs.

Continue Reading

Business

Safe launches Safe{RecoveryHub}, joining forces with Sygnum Bank and Coincover to Set New Standard for Crypto Recovery

Published

on

Safe, the leading smart wallet infrastructure, is collaborating with Sygnum, a global digital asset banking group, and CoinCover, a UK-regulated recovery service provider, to launch Safe{RecoveryHub}, offering a curated suite of crypto recovery options. Built with Safe’s battle-tested smart account infrastructure at its core, this marketplace of solutions lays the technical groundwork for a tailored approach to smart account recovery.

It has been estimated that over 900K ETH (worth approximately $1.92 billion) is inaccessible to users, with significant losses due to forgotten keys. Despite self-custody being one of the original value propositions of web3, complex key management remains a significant barrier for users, with few recovery solutions available. Safe{RecoveryHub} offers a comprehensive range of recovery solutions for all digital asset holders, from large institutions to individual users. Users can recover access to their accounts through designated recoverers, which can be personal backup devices, family members, friends, and collaborators, in a process known as “social recovery.” In addition, trusted third-party service providers like Sygnum, a Swiss-regulated bank with over USD 4 billion assets held in institutional-grade custody, and CoinCover can also be designated as recoverers to facilitate recovery.

Importantly, even with a custodial recovery setup, Recoverers are given control by the user only in case of a recovery event and are trusted to recover access for users. In all other times, users retain full control through veto rights to cancel any recovery attempt. Users can also setup multiple recoverers and apply a threshold to further bolster security. This aligns with Vitalik Buterin’s advocacy for a holistic approach to recovery, where a flexible set of at least three recoverers or “guardians” can be designated, ranging from personal connections to institutions.

Lukas Schor, co-founder at Safe, commented, “With this solution, rather than face a binary choice between a self-custody or custodial experience, users are empowered to optimize a key recovery solution to fit their personal risk preferences. This user-driven module, where account holders dictate the terms of asset management themselves, is unprecedented both in the crypto industry and traditional finance, marking a new milestone in the path towards financial sovereignty.”

Thomas Eichenberger, Chief Product Officer, Sygnum Bank, added, “As the market for self-custody expands and new use cases emerge, there is a growing need for reliable institutional recovery solutions. For individuals holding valuable digital assets, complementing self-custody with additional safeguards provides a balance between the desire for financial sovereignty and the need for risk management. This partnership to build a dynamic and secure recovery solution reflects our commitment to meet the evolving needs of institutional investors.”

Morgan Williams, Head of Product at Coincover, added, “This collaboration serves a twofold purpose: first, to meet the complex needs of existing crypto users; second, to create a foundation for newcomers from diverse backgrounds. Our goal is to establish a flexible recovery solution that adapts to users’ changing values, enhancing the security and inclusivity of the digital asset environment.”

Safe{RecoveryHub} will be available to all Safe{Wallet} users from today, while solutions from partners will be launched in the first half of 2024.

About Safe

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$54 Billion in assets today. It is establishing a universal ‘smart account’ standard for secure custody of digital assets, data, and identity. With Safe{Wallet}, it’s flagship web and mobile wallet and Safe{Core} account abstraction infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3 including DAOs, enterprises, retail and institutional users.

About Sygnum

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation and B2B services.

In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg.

We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit www.sygnum.com

About Coincover

Blockchain technology is changing everything. However, it brings its own set of unique risks. Coincover exists to ensure everyone is protected, enabling them to innovate freely, without constraints.

Coincover provides a complete blockchain protection solution, addressing the most significant barrier to mainstream adoption: trust. Our protection solutions ensure that access and assets are never lost.

Founded in 2018 and backed by leading investors, Coincover protects over 350 of the biggest names in blockchain, keeping them and their customers safe from theft, hacking, and human error.

Visit www.coincover.com for more information.

Morgan Williams, a seasoned blockchain professional and current Web3 Product Director at Coincover. Holding an MBA specialized in adoption and innovation in Web3, he has over a decade of experience in the industry.

Continue Reading

Business

Curvance Raises $3.6M in Seed Round from Over 20 DAOs and DeFi Builders including Offchain Labs and Wormhole

Published

on

Curvance introduces a new, efficient approach for users to yield farm and maximize yield on their DeFi investments

Curvance, a full-service omnichain money market for yield-bearing, LSDfi, tokenized treasuries, and primitive assets, announces the close of a $3.6M seed round supported by Offchain Labs, Wormhole, prominent angel investors including Polygon Co-Founder Sandeep Nailwal, and core contributors from Scroll, Mantle, Eigenlayer, GMX, Curve Finance, Convex Finance, Balancer, Aura Finance, and Pendle Finance. Decentralized Autonomous Organizations (DAOs) such as Frax Finance and others also contributed to the round.

Founded in 2022, Curvance is the “everything app” for lending and borrowing, providing decentralized finance (DeFi) users with an all-encompassing way to manage any of their assets, eliminating fragmentation and barriers to entry in the ecosystem.

“Curvance will give users of any blockchain an easy route to participate in Polygon DeFi, with the potential to make onboarding easier than ever. As DeFi on Polygon zkEVM and Polygon CDK continue to gain momentum, reducing friction into DeFi opportunities is more powerful than ever,” says Sandeep Nailwal from Polygon.

By tapping into omnichain infrastructure, Curvance is able to support Ethereum, as well as numerous partner chains simultaneously such as Arbitrum, Optimism, Scroll, Base, and Polygon zkEVM. Curvance’s cross-functional omnichain design unlocks capital efficiency not possible prior, working in tandem with Decentralized Exchanges (DEXs) like Curve, Balancer, Velodrome, GMX, Pendle, and other assets such as Liquid Staking Derivatives (LSDs).

“With this funding round, Curvance will be able to expand on its value proposition of bringing forward a more approachable money market experience for both DeFi newcomers and experienced yield farmers and traders alike “ says Curvance Co-Founder, Chris Carapola. “We are excited to have attracted a group of investors who bring incredible experience and are ready to work with us toward our shared vision.”

Carapola says the raised capital will be used to continue Curvance’s operations costs, support continued security audits, as well as maintain and hire more in-house talent for the project.

“When we started looking for funding, we chose to talk to our partners first, instead of just going to venture capital firms,” commented Curvance Co-Founder Michael Butcher. “This way, we ended up with a group of investors who care about our long-term success. We’re happy with how it turned out and can’t wait to launch Curvance on testnet soon.”

About Curvance

Curvance is a full-service omnichain money market for yield-bearing assets. Users can collateralize, leverage, and boost asset rewards across DeFi, with optimal efficiency, and consolidate DeFi yield across various assets such as AMM LPs, Perpetual Exchange LPs, interest-bearing stablecoins, and more, in one user interface.

Continue Reading
Advertisement
Advertisement

Trending