Connect with us

Business

Fang Launches Genetic Designer Cannabis Brand With Sold-Out Diamond Fruit Seeds

Published

on

Michael Fang, an innovative breeder known within the cannabis industry as FANG, has presented a new brand called Genetic Designer with a focus on boutique cannabis genetics. After a tragic falling out with his partner, FANG and the Gage Green Group team have carried forward into the new year with eight sold-out seed releases.

FANG and Genetic Designer will focus on releasing artisanal cannabis genetics. FANG’s recently-announced Diamond Fruit project, featuring two heirloom Kush lineages, has a retail price of $2,000 per pack of ten seeds from Authorized Dealers.

Diamond Fruit is FANG and Genetic Designer’s first release. Only twenty hand-selected packs of seeds were made available. As of January 8, the Diamond Fruit release has sold-out at Authoried Dealers.

Genetic Designer’s next release, Tiger’s Eye, slated for Chinese New Year, is limited to only thirteen packs. The company focused on connoisseurs who value the artistry behind cannabis—specifically those who care about the process and demand the finest quality.

Michael Fang is a breeder of multiple High Times Cannabis Cup winners. Genetics produced by FANG can be seen in the work of many famous seed companies and grown in world-class boutique gardens across the industry.

“We don’t skip any steps. In fact, our process ensures genetic potency and quality,” stated FANG, founder of Genetic Designer and Green Gage Group. “Our team has the insight, attention to detail, and passion that is required to put superior cannabis into the market. Because of our hard work and dedication to our craft, our seeds have become internationally-recognized for providing superior results.”

FANG will continue his prolific breeding style under his own personal brand, using the same focus on boutique and craft that made Gage Green Group a worldwide phenomenon. In addition to continuing his success in the cannabis industry, Fang has delved into the realm of non-fungible tokens (NFTs). Last year, FANG pioneered the first cannabis genetics-based NFT deal which sold for just under $20,000 USD.

FANG will operate the Genetic Designer team while simultaneously managing the Gage Green Group. With two brands to manage, FANG will use his creative focus and cannabis knowledge to explore the depths of cannabis design and innovation.

To learn more about Michael Fang, visit https://www.fangjieshen.com.

Advertisement

Business

Circle Brings Crypto Literacy Curriculum to HBCUs with Circle U

Published

on

Today, at Converge22, Circle Internet Financial, LLC, launched a pilot initiative for Circle U, a free crypto literacy program helping to promote digital financial literacy and financial well-being. The program is a component of Circle Impact’s digital financial literacy pillar aimed at promoting digital and financial literacy for traditionally underserved populations in an effort to make education around and access to the digital financial revolution more universally accessible. The pilot program rolling out in October 2022 includes students enrolled at several U.S. Historically Black Colleges and Universities (HBCUs).

Circle U is a repository of knowledge that provides a comprehensive overview of blockchain-based financial services, and subsequent e-learnings and micro-learnings that tackle timely topics. Featuring seven modules and assessments, the curriculum tackles fundamental concepts including the evolution of money, Bitcoin and blockchain technology, Ethereum and tokenization, layers and interoperability, Web3 and applications, policy and regulation, and a Web3 tutorial. Students who complete the Circle U curriculum and achieve a high benchmark will have access to early opportunities to apply for Circle internships and employment.

“Expanding access to digital financial literacy is a key element of our mission to realize a financial future that is more inclusive than the past,” said Mercina Tillemann Perez, VP of Circle Impact at Circle. “Launching Circle U in partnership with these esteemed academic institutions is a step toward helping to provide equitable access to education that can equip students with the necessary knowledge to become sophisticated actors and builders in this industry.”

Partnering HBCUs are electing to roll out Circle U as either a mandated or extracurricular part of their Fall 2022 curriculum depending on their existing programming. A wider rollout to more academic institutions and partner organizations is slated for Spring 2023.

About Circle

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of value. Learn more at https://circle.com.

Continue Reading

Business

‘WADE F&F’ price shoots up 150-fold, demonstrating power of CRIPCO’s next set of NFTs through strategic partnerships

Published

on

Global blockchain NFT company CRIPCO has successfully minted its first NFT project ‘WADE Friends & Family’ (WADE F&F), which has generated a tremendous response from the global NFT community. The company’s second project with IPX and upcoming partnership with global fashion labels are now raising expectations for CRIPCO’s next IP 3.0 business.

CRIPCO’s ‘WADE F&F’ NFT sold all of the minted 2,100 NFTs on the day of launch through Magic Eden’s Launchpad on Sep. 15. A social media shoutout by SOLANA’s co-founders and the announcement of the WADE X PEACEMINUSONE partnership increased the project’s popularity ahead of minting; a whitelist competition on the Discord community recorded a whopping 280:1 ratio, and the provision of whitelist spots for IP3 token holders listed on FTX also received enthusiastic responses from users.

Due to competitive minting, the project sold out almost instantly and ranked first in 24-hour trading volume on OpenSea(Solana NFT) and first on Magic Eden marketplace. In particular, the secondary market floor price reached over 75 SOL, a 150-fold increase over the minting price of 0.5 SOL, demonstrating a potential for growth as a blue chip NFT. The membership NFT uses the virtual artist WADE’s IP created by IPX (formerly LINE FRIENDS) and KB LEE, and offers not only the charm of IP, but also competitiveness and a range of exclusive holder benefits, including fashion brand raffles in collaboration with CRIPCO DAO members.

‘WADE F&F’ holders, who have become friends and family of the virtual IP WADE, will own Web3 membership passes, and will benefit from CRIPCO’s diverse portfolio of IP assets and partnerships with its DAO members made up of global brands and creators. WADE PFP, which is scheduled to release later this year, will provide a 1:1 airdrop, a whitelist of upcoming projects, and guaranteed raffle tickets to extremely rare and limited fashion collaboration NFT projects.

CRIPCO set the minting price of ‘WADE F&F’ at 0.5 SOL (USD 17) or 21 IP3 (USD 11), a reasonable price considered by the community. Furthermore, creator royalty is set at 0%, providing a user-friendly environment, reducing secondary sales cost. With its close network with various IP business partners, CRIPCO has the ability and competitiveness to stably carry out projects by presenting an IP NFT portfolio with solid planning and growth potential.

Following the successful sell-out of ‘WADE F&F’, CRIPCO has also announced to drop OOZ & mates PFP, the company’s second NFT project with IPX. Designed as the first Web 3.0 original character IP launched by IPX, OOZ & mates debuted as an NFT project, and started as a born-to-be digital IP business breaking away from the traditional character or IP launch formula of product merchandises or animations. OOZ & mates will be released as 9,999 unique NFTs, featuring nine different Super Deformation (SD) animal characters with unique personalities and charms.

WADE, the IP that powers ‘WADE F&F’, made waves after the recent announcement of its partnership with PEACEMINUSONE, a fashion label established by fashion and culture muse G-Dragon in 2016. There is now growing excitement about how both WADE and PEACEMINUSONE will bring together their respective values of diversity and freedom through the NFT platform. Global trendsetters and brands in fashion, music, and IP will complete the IP 3.0 ecosystem together, lowering entry barriers into the NFT market, and providing a glimpse into CRIPCO’s goal to popularize IP-based NFT.

A CRIPCO official thanked users for their overwhelming response to ‘WADE F&F’ and said the company would continue to collaborate with partners in global subculture, fashion, and music to promote creative inspiration, and make more users experience the company’s vision of popularizing NFT.

CRIPCO started its business by listing IP3 tokens on FTX in July, and successfully launched its first membership NFT project in just three months. CRIPCO is now rapidly expanding by leading Web2 users familiar with existing IPs to a variety of IP-based NFTs and the new Web3 through partnerships with creators and fashion brands loved by street fashion enthusiasts worldwide.

About CRIPCO

CRIPCO is a Singapore-based global blockchain and NFT company that aims to popularize NFTs based on various IPs and has listed its native token ‘IP3 token’ on the FTX exchange on July 8, 2022. Investors and partners include FTX Ventures and SOLANA Ventures. CRIPCO’s governance is based on a Decentralized Autonomous Organization (DAO), which oversees all business-critical decisions from IP screening to IP-based NFT projects. The CRIPCO DAO consists of corporations from various fields, renowned artists, and other influential members across industries, such as IPX (formerly LINE FRIENDS), NAVER Z (ZEPETO), PEACEMINUSONE, Marciano MMG, Fujiwara Hiroshi, Edison Chen, KB LEE (Kyubum Lee), and James Fauntleroy, etc. In addition to attracting investment from global blockchain venture capitals and a major fashion platform, CRIPCO has secured partnerships with companies in the blockchain industry and is building its ecosystem to realize its ‘IP 3.0 Hub’ vision. To learn more about CRIPCO, please visit https://cripco.com.

WADE Manifesto

Wade is a huge fan of all the free-spirited underground players who don’t always play by the rulebook. Likewise, he strives not to be stereotyped to a fixed figure; Wade values originality and diversity over everything. Wade’s nature to experiment and seek diversity lays the foundation of his highly fluid mindset. His flexible way of thinking sets ground for his creative work, which often twists the obvious or toss in hints of newness into existing things. These creative works are part of Wade’s effort to bring down barriers between the mainstream and subcultures, inspiring all people with creative minds and granting them with opportunities to explore their ideas freely. Wade’s iconic trait, ‘Water’, is the source of energy and elixir which fosters growth of all things. It symbolizes unlimited embracement, going beyond all skin color, race, class or gender. The eternally flowing nature of water represents the everlasting legacy of subcultures which has been along with us for countless generations.

Continue Reading

Business

PreIPO Corporation™ Executes Milestone Agreement with Umergence, a U.S.-based FINRA Broker-Dealer

Published

on

PreIPO Corporation™ has partnered with Umergence, a U.S.- based FINRA Broker Dealer to help guide roadmap execution of its proprietary PreIPO-as-as-Service platform at www.preipo.com.

Umergence is a premier broker dealer placement agent specializing in private placements and alternative investments. Their representatives focus on institutional capital placements, M&A advisory, early to late-stage direct investments, and late-stage strategic opportunities. The collective experience of the Umergence team has been instrumental in helping place capital domestically and abroad.

PreIPO.com™ is singularly dedicated to comprehensively disrupt, scale and democratize the Primary and Secondary Markets with its suite of proprietary platforms; including: PreIPO-as-a-Service™, Diligence-as-a-Service™ and PreIPO Intelli™, which are either powered by AI and ML or were developed to be powered by comprehensive Web3 technologies featuring Blockchain and the Tokenization of securities. “On behalf of the entire PreIPO Corp.™ company we are extremely proud to have achieved a major milestone event by partnering with Umergence, a prestigious broker/dealer, known for its broker/dealer-as-a-service platform, to lay a foundation for PreIPO Corp.™ to bring pre-IPO deal flow to our proprietary platform,” said David Grzan, Executive Chairman and CEO.

“This Agreement with PreIPO Corporation™ reflects our desire to collaborate with companies that share our vision of broadening access to alternative investments and doing so with conscientiousness and integrity. PreIPO’s technology is forward-thinking, and their innovative platform has immense potential for private market allocators,” said David Logan, CEO and Principal of Umergence.

About PreIPO Corporation™

PreIPO Corp.™ is a financial technology company specializing in actively participating in private market securities transactions for qualified investors, sellers, issuers, and financial institutions through its vertically integrated ecosystem of ‘licensable while-labeled’ SaaS offerings designed especially for broker/dealers. As a pioneer in digitally distributed financial systems, PreIPO™ is deploying its proprietary PreIPO-as-a-Service Platform™. We are also pleased to offer PreIPO INTELLI™, this program will condense hours and days of internal research into easily digestible and actionable insights for qualified investors. Visit our website www.preipo.com.

About UMERGENCE

Founded in 2015, UMERGENCE is a broker/dealer registered with FINRA/SIPC. UMERGENCE is trusted partner to accredited and institutional investors, helping them navigate the opacity of alternative investing and private capital markets. The company’s mission is to provide clients the highest quality deal flow and bespoke service to meet changing needs and mandates. For more information about UMERGENCE, please visit its website at www.Umergence.com.

Continue Reading

Business

ORIGIN Metaverse Announces Partnership with Latin American Inventory Group Vreal.mx

Published

on

ORIGIN Metaverse, a patent pending real estate technology company leveraging Web3, is pleased to announce the addition of affiliate partner, Vreal.mx.

Headquartered in Querétaro Mexico, Vreal.mx, formerly known as Virket Real Estate, boasts a portfolio of over $500 million dollars in luxury real-estate in Latin America. With a team of experts in digital marketing along with dedicated real estate agents, Vreal.mx uses state of the art technology and artificial intelligence to increase visibility while exceeding expected sales projections and return on investment for its users.

Vreal.mx as a Spinoff Virket has also won top multinational awards in marketing technology and innovation and are a leading partner for Google and Facebook.

By providing a singular virtual real estate marketplace for users to buy, sell, and rent metaverse land as well as transact conventional real estate as NFTs safely and securely, Vreal.mx will lead the Latin American market using ORIGIN’s simplified platform while making digital real estate accessible to everyone, fulfilling their goal of mass adoption with Latin America as a first step.

This partnership further gives Vreal.mx an edge to provide technology driven solutions to the luxury real estate market with first in class service at the forefront of their offerings.

“We are excited to partner with Vreal.mx particularly as our first global inventory partner”, says ORIGIN founder Fred Greene. “Their portfolio is an exciting stepping stone to the international market solidifying our goal to expand internationally”.

ORIGIN has also added Yued EL Jeitani, founder of Vreal.mx to their advisory board as Head of International Real Estate.

Jeitani is also the founder of eComining.io, a crypto mining service, in addition to having more than 20 years of professional experience in international residential real estate as well as blockchain technology.

About ORIGIN Metaverse

ORIGIN Metaverse is a real estate technology company leveraging Web3 to provide users the ability to buy, sell, rent, and fractionalize metaverse land and to transact physical real estate as NFTs. ORIGIN’s virtual real estate marketplace unifies various metaverse platforms into a simple, secure, and streamlined marketplace. ORIGIN’s mission is to be the bridge between worlds and the catalyst for mass adoption for real estate in the metaverse and as NFTs. To learn more about ORIGIN Metaverse visit www.originmv.com

Continue Reading

Business

Cboe Global Markets Announces Planned Equity Partners for Cboe Digital Business

Published

on

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, announced the initial group of firms that intend to become equity investors in the Cboe Digital business.

Cboe’s advanced discussions with potential equity partners involve a broad and diverse range of market participants, including leading retail and institutional intermediaries, liquidity providers and brokers. These firms include B2C2, DRW, GSR, Hidden Road, IMC, Interactive Brokers, Jane Street, Jump Crypto, Optiver, Robinhood, tastytrade and Virtu Financial. Through their equity ownership, each firm will directly benefit from the growth of ErisX and Cboe Digital and the close strategic and commercial alignment from day one.

The soon to be formalized group of equity partners join a roster of planned commercial partner firms supporting the ErisX business, which is expected to be renamed Cboe Digital, including Fidelity Digital AssetsSM, Galaxy Digital, NYDIG and Webull among others. Together, subject to the execution of definitive documents, these firms have committed to ongoing engagement with the business and building of Cboe Digital markets.

As part of its operation of ErisX and the Cboe Digital business, Cboe plans to form a Digital Advisory Committee comprised of a cross-section of equity and commercial partner firms. The committee will be tasked with advising Cboe on the ongoing development of the ErisX spot and derivatives markets, and more broadly, Cboe Digital and the digital asset space. Cboe plans to leverage the engagement and collaboration with these market participants to help accelerate growth of ErisX as a resilient, trusted and transparent digital asset venue.

“ErisX was founded with the mission of bringing transparent, well-regulated markets for digital assets and we are excited to further accelerate on this vision with growing support from our partner firms,” said Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets. “Building trusted markets has always been a part of Cboe’s DNA, and we look forward to leveraging the combined expertise of our partner firms to help bring Cboe’s regulatory framework, transparency, infrastructure and data solutions to further grow the digital asset market on a global scale.”

“We are gratified to have the support of such a tremendous group of industry leaders, which we believe is further validation of our vision for the Cboe Digital business,” said John Palmer, President of ErisX. “Our partner firms share our deep commitment to bringing Cboe’s trusted, transparent, regulatory-first approach to the digital asset space and we are excited to work together as a collective force to shape and define this asset class now, and for the future, to benefit all market participants.”

On May 2, 2022, Eris Digital Holdings, LLC (ErisX), an operator of a U.S. based digital asset spot market, a regulated futures exchange and a regulated clearinghouse, was acquired by Cboe. ErisX operates as a subsidiary of Cboe Global Markets and serves as the cornerstone of the new Cboe Digital business. As part of Cboe Digital, Cboe is operating the existing spot, derivative and clearing platforms of ErisX, and has plans to develop and distribute a range of digital asset data products, subject to regulatory approval. Using market data based fundamentally on actionable bid and offer prices from the spot crypto market, Cboe Digital plans to develop a benchmark data stream to help market participants evaluate the appropriateness of crypto execution prices.

With Cboe, ErisX aims to provide a digital asset market rooted in the exchange principles of transparency and regulatory compliance, supported by a network of intermediaries, providing client-driven solutions that help institutions fully embrace this emerging asset class. Digital assets are globally recognized and are expected to continue to benefit from a regulated derivatives market and central clearing to help mitigate counterparty risk — providing more efficient price formation, additional hedging tools, enhanced transparency, and deeper liquidity. Cboe believes meeting the demand for trading digital assets with the advantages of exchange trading is beneficial for all investors, and intermediaries have a key role to play in the ongoing development of Cboe Digital spot and derivatives markets.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.

About ErisX

ErisX Futures are offered through Eris Exchange, LLC, a Commodity Futures Trading Commission (CFTC) registered Designated Contract Market (DCM) and Eris Clearing, LLC, a registered Derivatives Clearing Organization (DCO). The CFTC does not have regulatory oversight authority over virtual currency products including spot market trading of virtual currencies. ErisX Spot Market is not licensed, approved or registered with the CFTC and transactions on the ErisX Spot Market are not subject to CFTC rules, regulations or regulatory oversight. ErisX Spot Market is offered through Eris Clearing, LLC, which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services and holds licenses in other U.S. states and territories. https://www.Erisx.com/disclaimer/.

ErisX offers individuals and institutions a single, innovative platform to access crypto spot and futures markets. By combining professional tools, advanced technology, sophisticated regulatory oversight, and a diverse product set, ErisX offers compliant, capital markets friendly workflows to digital market participants. Backed by some of the world’s largest trading firms and financial institutions, ErisX brings transparency and reliability to the digital asset class.

Continue Reading

Business

Gate.io Group Enters Hong Kong with Compliant, Secure, and Comprehensive Custody Services

Published

on

Gate.io Group’s Hong Kong-based company, Hippo Financial Services Limited (Hippo FS), has obtained the Trust or Company Service Provider (TCSP) Licence. As a result, Hippo FS is now permitted to provide virtual asset custodial services to global users.

The TCSP Licence is required for any entity that carries on or wishes to carry on a trust or company service business in Hong Kong.

“Obtaining the TCSP Licence in Hong Kong enables us to deepen our relationship with global crypto investors as an industry leader. Next, we will be building localized operations to bring our products and services to users in Hong Kong,” said Tom Yang, EVP of Gate.io Group.

With an initial focus on virtual asset custody services, Hippo FS is dedicating resources towards establishing teams to manage local operations, including the security of its services infrastructure and client’s assets.

Dr. Han Lin, Founder and CEO of Gate.io Group, said, “Establishing a custody business in Hong Kong is a global strategic milestone of Gate.io Group, not only because Hong Kong is the hub for many financial institutions and investors, but more importantly, the industry-leading regulatory regime of Hong Kong provides additional confidence for investors that place assets in Hippo FS’s custody.”

Obtaining the TCSP licence is a crucial part of the global expansion strategy of Gate.io Group, as this affirms the Group’s position as a global virtual asset service leader in the industry. A vital component of the strategy is establishing regulatory-compliant operations in newly entered regions and forming teams dedicated to tailoring services that meet the needs of investors and regulators’ expectations.

About Gate.io Group

Established in 2013, Gate.io Group is one of the pioneers in the crypto industry. It has established a comprehensive ecosystem, which includes a cryptocurrency exchange, public blockchain, decentralized finance, research and analysis, venture capital investing, wallet services, startup incubator labs and more.

Gate.io is a leading global cryptocurrency exchange under Gate.io Group. Gate.io offers services related to the trading of multiple leading digital assets, and it has grown to serve over 10 million users around the world. It has been consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and has received a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021.

Continue Reading

Business

Standard Chartered-Backed Zodia Markets Receives FCA Crypto Registration, Launches Institutional Exchange and Brokerage in UK and EU

Published

on

Zodia Markets, a UK-based cryptoasset exchange and brokerage for institutional clients backed by Standard Chartered, today announced that it has received cryptoasset registration from the UK Financial Conduct Authority (FCA) and officially launched its institutional crypto exchange and brokerage business.

Zodia Markets’ registration marks the first time a crypto trading business backed by a leading international bank has been listed by the FCA on the UK’s Financial Services Register.

Zodia Markets CEO, Usman Ahmad said: “Whilst the digital asset markets have recently seen volatility and downward pressure, adoption continues unabated, with institutions entering the market at rapid pace. At Zodia Markets, our mission is to be the most trusted trading partner for institutional participants as they navigate this rapidly evolving asset class.”

“With our hugely experienced team of professionals from both digital asset and traditional finance backgrounds, and by providing the highest standards of security, risk and compliance integrated from inception, we meet the demands of institutions seeking a credible and reliable trading partner for cryptoassets. The FCA registration is a testament to our commitment to the highest standards of compliance.”

Zodia Markets was established in June 2021 as a partnership between SC Ventures, the innovation, fintech investment and ventures arm of Standard Chartered, and BC Technology Group (stock code: 863 HK), Asia’s leading digital asset company and parent of Hong Kong Securities and Futures Commission (SFC)-licensed digital-asset platform, OSL.

Head of SC Ventures, Alex Manson said: “Combining OSL’s deep expertise in operating regulatory compliant digital asset businesses and cutting-edge technology, with the bank’s governance, regulatory oversight, and frontier markets experience, Zodia Markets is in prime position to provide secure, reliable and compliant access to digital assets for its institutional client base.”

Zodia Markets’ exchange platform allows clients to connect to a high-throughput, low-latency matching engine through FIX API connectivity, leveraging the same standards as electronic trading for traditional equities, FX or fixed income.

Zodia Markets’ brokerage provides a bespoke institutional-level service through its deep bench of experienced traders, operations staff and through its industry-leading products, including the electronic intelligent request for quote (iRFQ) capability.

Zodia Markets partners with high-quality third-party custodians, including Standard Chartered-backed Zodia Custody, to support its trading activities, providing clearly segregated responsibilities.

Zodia Markets

Zodia Markets is an institutional grade trading venue and brokerage that enables expert navigation of digital asset markets. It is a partnership between SC Ventures, the innovation and ventures unit of Standard Chartered, and BC Technology Group (stock code: 863 HK), Asia’s leading digital asset company and parent of Hong Kong Securities and Futures Commission (SFC)-licensed digital-asset platform OSL.

Zodia Markets offers execution appropriate for institutional clients including broker-aided facilitation to execute large orders and a high throughput, low-latency trading venue. The company enables access to the major digital asset and fiat pairs while ensuring compliance and security. 

Standard Chartered

Standard Chartered is a leading international banking group, with a presence in 59 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

For more stories and expert opinions please visit Insights at sc.com.

BC Technology Group and OSL

BC Technology Group (stock code: HK 863) is Asia’s leading public fintech and digital asset company. It is the parent company of OSL, the region’s most comprehensive licensed digital asset platform.

OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing brokerage, custody, exchange and SaaS services for institutional clients and professional investors. The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest liquidity pools, as well as secure and insured wallets to ensure the safekeeping of digital assets with timely transaction settlement.

BC Group and the OSL platform are enabling institutional adoption of the digital asset class, setting standards for performance, security and compliance.

For more information: bc.group and osl.com.

Continue Reading

Business

Globant, YouGov Survey Reveals Metaverse Sentiment Among Gamers

Published

on

Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, revealed today its Metaverse Awareness Survey, conducted by YouGov, which reveals U.S. gamers’ thoughts, attitudes, and opinions on the metaverse. Conducted in May 2022, the survey includes responses from 1,000 adult PC, console, and/or mobile gamers in the United States.

“Through this survey, we see that although the development of the metaverse is still in its early stages, U.S. gamers already see the technology as capable of expanding the realm of possibility in gaming,” said Nicolas Avila, Chief Technology Officer for North America at Globant. “As knowledge of the metaverse and what it’s capable of becomes more common, we’re looking forward to seeing this sentiment spread to more people across industries.”

Key Findings

According to the survey, 35% of respondents said they were comfortable with advertising in a metaverse space, while 25% said they were undecided, and 40% were uncomfortable. When surveyed specifically about tracking of eye- and- head movements, nearly half (46%) of respondents reported they would feel uncomfortable with these measurements.

  • Does “free” make a difference? Maybe. Of those surveyed, just under half (44%) would accept advertising in the metaverse if it provides free access to apps, games, or places.

Play-to-Earn Surprisingly Resilient

The Metaverse Awareness Survey detailed other findings that will be of interest to companies considering play-and-earn models for metaverse games. According to the survey, about half of gamers are more interested in “playing” than “earning” within metaverse games, but a significant number of gamers see value in mixing playing and earning together. The numbers break down as follows:

  • 49% are more interested in playing
  • Only 11% are more interested in earning
  • Nearly 40% would like some mix of both playing and earning within metaverse games

Metaverse Change Afoot in the Video Game Industry

According to the survey, just over half (52%) of gamers believe the metaverse will change the video game industry and a plurality (41%) think that the metaverse will have a positive impact on the industry (vs. 25% who disagree). In fact, 40% say the buzz around metaverse gaming is warranted, though nearly one-third (30%) were undecided on that subject.

It could be a matter of familiarity. While a majority of gamers (60%) are confident in defining the metaverse, familiarity and interaction with the space still needs to mature among this population – just 39% think the gaming metaverse will mature in less than five years, though nearly the same number, 38%, believe it will take longer.

Other Findings

Who are the top five companies associated with the metaverse? Meta (73%), Epic Games / Fortnite (27%), Roblox (21%), The Sandbox (15%), and Niantic (10%).

Who has purchased NFTs? The vast majority (81%) of respondents have not purchased NFTs, with just 16% saying they have done so.

Who is interested in purchasing, trading, or earning cryptocurrencies within the metaverse? Slightly more than one-third (34%) of respondents expressed interest in completing cryptocurrency transactions while nearly half (45%) were not interested, leaving 20% undecided. Men (41%) and 18-44-year-olds (37%-47%) expressed higher levels of interest in these transactions.

About the Metaverse Awareness Survey

As originally envisioned in Neal Stephenson’s novel Snow Crash, the metaverse combines virtual spaces with socialization and transactions, including experiences in the form of video games. Sponsored by Globant and conducted by YouGov, the survey canvassed 1,000 U.S. adults – aged 18 or older – who played more than three hours of video games per week on PC, console, and/or mobile platforms. Mobile-only gamers were screened out of the survey, and data was weighted to be representative of the U.S. non-mobile-only gaming population.

About Globant

We are a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential. We are the place where innovation, design, and engineering meet scale.

  • We have more than 24,500 employees, and we are present in 19 countries working for companies like Google, Electronic Arts, and Santander, among others.
  • We were named a Worldwide Leader in CX Improvement Services by IDC MarketScape report.
  • We were also featured as a business case study at Harvard, MIT, and Stanford. 
  • We are a member of the Green Software Foundation (GSF) and the Cybersecurity Tech Accord.
Continue Reading

Business

New crypto options and futures exchange Thalex closes Series A funding round

Published

on

Thalex, a trading platform offering stablecoin-settled crypto options and futures, announced it had closed its Series A funding round of 7.5 million euros ($7.64 million). Among the participants are Bitfinex, Bitstamp, Flow Traders, i Money Crypto, QCP Capital and Wintermute. These strategic investors will support the company’s ambition to enable the on-exchange trading of crypto derivatives at scale by removing friction, ensuring platform reliability and partnering with liquidity providers and major exchanges.

Key features of the Thalex trading platform include:

  • Linear Bitcoin (BTC) and Ether (ETH) contracts with multi-collateral support for BTC, ETH, Tether (USDT) and USD Coin (USDC)
  • Trading fees are anchored on one-basis-point maker-and-taker fees and fee advantages for multi-leg options and futures strategies with requests for quotes (RFQs).
  • Future rolls with dedicated order books
  • RFQs for multi-leg options and futures strategies, in any size
  • A market-maker scheme with competitive fee levels, market-maker protection and excellent connectivity to foster healthy competition among liquidity providers on a level playing field
  • Portfolio-based margins offering capital efficiency for delta and vega offsetting positions and adequate requirements for wing risks.
  • An efficient liquidation process involving automated delta-hedging to limit the market impact and liquidation auctions to enable an orderly reduction of complex risks

Thalex is partnering with Bitfinex and Bitstamp to enable their customers to access the full suite of Thalex derivatives from their own user interface. Positions on Thalex can be opened with collateral held with the partner exchange after an instant and free transfer to a dedicated Thalex margin account. The Bitfinex partnership is expected to be operational later this year.

Paolo Ardoino, chief technology officer of Bitfinex, said, “We are delighted to participate in this funding round with Thalex and see huge potential for the stablecoin-settled futures and options market.”

Jean-Baptiste Graftieaux, CEO of Bitstamp, said, “Thalex’s unique value proposition will enable Bitstamp to streamline our go-to market for derivatives and participate in the fast-growing crypto derivatives market. This investment marks the beginning of a close strategic partnership and plays an important role in Bitstamp’s corporate strategy.”

Michael Lie, head of digital assets trading for Europe, the Middle East and Africa at Flow Traders, said, “Flow Traders is excited to support Thalex via our dedicated corporate venture capital unit, Flow Traders Capital. Thalex’s ambition of creating a scalable infrastructure that enables on-exchange trading in crypto derivatives is another step forward in making trading digital assets more accessible and efficient. We are looking forward to working with Thalex and building a long-term strategic partnership.”

Darius Sit, founder of QCP Capital, said, “Crypto options are one of the fastest-growing segments of the space and have proven to be robust through multiple market cycles. We believe the next phase of growth will be exponential. The Thalex team has built a platform combining the best practices from both crypto and traditional finance. We look forward to supporting Thalex in its efforts to expand the fast-growing crypto-options ecosystem.”

About Thalex

Thalex is a crypto-native derivatives exchange founded by a multi-faceted team of experts in traditional brokerage, crypto and market-making. The trading platform is now available for public testing at thalex.com and will go live soon. Thalex is in the process of being authorized as a regulated distributed ledger technology provider by the Gibraltar Financial Services Commission.

To learn more about Thalex, please visit thalex.com.

Continue Reading

Business

Binance Celebrates 5th Anniversary with Zero Bitcoin Trading Fees

Published

on

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, is celebrating its 5th anniversary by eliminating trading fees on a wide range of bitcoin spot trading pairs. While Binance has long maintained one of the lowest spot trading fees in the industry, it is establishing itself as the global leader in pricing with this latest move.

From July 8, users will be able to enjoy fee-free trading on thirteen stablecoin and fiat combinations including BTC/USDT, BTC/BUSD, BTC/USDC, BTC/EUR, BTC/TRY, and more. The new trading fees will be in effect until further notice, allowing Binance users globally to enjoy the fee-free feeling beyond the two weeks of anniversary celebrations.

Binance Founder and CEO “CZ” (Changpeng Zhao) said: “In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. Eliminating the trading fees on selected BTC spot trading pairs is another move towards that direction.”

“Within the span of five years, Binance has amassed an amazing community that believes in us and supports our vision. Our growth and achievements would not have been possible without them. We hope to give back to the community by providing them with the world’s best products and services,” added CZ.

Binance launched in July 2017 as a crypto-to-crypto exchange and within six months, became the world’s largest crypto exchange. Today, Binance is a global blockchain ecosystem spanning across trading services, infrastructure solutions, educational resources, research, social good and charitable programs, investment and incubation initiatives, and more. By providing access to broad financial tools while maintaining one of the lowest fees in the business, Binance is making crypto accessible to everyone.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com.

Continue Reading

Trending