Home / Dashcoin News /Yield Farming Is Live On Bitcoin․com’s Verse DEX With ~80% APY

Yield Farming Is Live On Bitcoin․com’s Verse DEX With ~80% APY

10 Feb 2023

Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or use portfolio margin with claims against bankrupt cryptocurrency firms.

Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), stated on Thursday that June-July 2022 was a “total darkness” for him and his partner, Kyle Davies. “It was a dark period, and we were not perfect in how we handled the fallout, but we were determined to do all we could,” Zhu tweeted.

He went on to emphasize that “words and liquidations can only go so far,” and the duo wants to build something that “takes all the pain, lessons, and uses it to advance crypto.”

“It is with humility that we announce the claims waitlist is now open, with site UI/UX beta testing coming very soon [at] opnx.com,” Zhu added. The news of Zhu and Davies starting a new venture with two executives from Coinflex exchange was reported in mid-January 2023.

The exchange plans to allow traders to trade a bankruptcy claim from a defunct crypto platform and hold it as portfolio margin. Currently, the exchange is not operational and has a waitlist. Zhu further noted that “FLEX will be the primary token of the new exchange.”

The website displays logos of failed platforms such as Genesis, Celsius, FTX, Blockfi, Voyager, Hodlnaut, Mt Gox, Vauld, and Zipmex, as well as the 3AC logo. The website’s manifesto states that a “$20 billion market of claimants is desperately seeking a solution.”

Zhu’s announcement was not well received on social media, as some members of the crypto community expressed disgust. “Yeah, you lost all rights to work in this industry again,” wrote Magdalena Gronowska. “Instead of launching new scams, you should focus on talking to your lawyers,” she added. “Shut the hell up loser,” responded Nic Carter to Zhu’s tweet.

What are your thoughts on the new bankruptcy-focused crypto exchange and its mission to monetize and trade claims? Share your opinions in the comments below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or use portfolio margin with claims against bankrupt cryptocurrency firms.

Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), stated on Thursday that June-July 2022 was a “total darkness” for him and his partner, Kyle Davies. “It was a dark period, and we were not perfect in how we handled the fallout, but we were determined to do all we could,” Zhu tweeted.

He went on to emphasize that “words and liquidations can only go so far,” and the duo wants to build something that “takes all the pain, lessons, and uses it to advance crypto.”

“It is with humility that we announce the claims waitlist is now open, with site UI/UX beta testing coming very soon [at] opnx.com,” Zhu added. The news of Zhu and Davies starting a new venture with two executives from Coinflex exchange was reported in mid-January 2023.

The exchange plans to allow traders to trade a bankruptcy claim from a defunct crypto platform and hold it as portfolio margin. Currently, the exchange is not operational and has a waitlist. Zhu further noted that “FLEX will be the primary token of the new exchange.”

The website displays logos of failed platforms such as Genesis, Celsius, FTX, Blockfi, Voyager, Hodlnaut, Mt Gox, Vauld, and Zipmex, as well as the 3AC logo. The website’s manifesto states that a “$20 billion market of claimants is desperately seeking a solution.”

Zhu’s announcement was not well received on social media, as some members of the crypto community expressed disgust. “Yeah, you lost all rights to work in this industry again,” wrote Magdalena Gronowska. “Instead of launching new scams, you should focus on talking to your lawyers,” she added. “Shut the hell up loser,” responded Nic Carter to Zhu’s tweet.

What are your thoughts on the new bankruptcy-focused crypto exchange and its mission to monetize and trade claims? Share your opinions in the comments below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today.

Solana (SOL) prices plunged during today’s session, which comes as bears have seemingly recaptured market sentiment.

Following a high of $22.90 on Thursday, SOL/USD moved to an intraday low at $20.20 earlier in the session.

This drop resulted in the token hitting its lowest point since January 19, when solana last collided with a floor at $20.00.

Since hitting a peak of 87.67 on the 14-day relative strength index (RSI) back on January 13, price strength has consistently declined.

As a result of this, the index is now tracking at 44.21, which is its weakest point since January 2 when SOL was under $10.00.

Ultimately, this has its positives, as longer-term bulls may see this as a sign that prices are gradually moving in the right direction.

Cardano (ADA) extended its own recent sell-off on Friday, with prices falling for a third straight session.

ADA/USD dropped to an intraday low of $0.3558 earlier today, which comes after prices peaked at $0.3896 on Thursday.

As a result of this drop, ADA slipped to its weakest point since January 25, breaking out of a floor at $0.3590 in the process.

Since falling from this point of support, ADA has somewhat rallied, with bulls moving to buy the dip in price.

This took place as the RSI leveled out at a floor of 46.70, with cardano currently at $0.3611.

If this floor on the indicator continues to hold firm, there could be a rally over the week, with bulls re-entering the market.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
ada, Analysis, Cardano, SOL, Solana

Do you expect cardano rally once today’s sell-off has ceased? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'

Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.

Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today.

Solana (SOL) prices plunged during today’s session, which comes as bears have seemingly recaptured market sentiment.

Following a high of $22.90 on Thursday, SOL/USD moved to an intraday low at $20.20 earlier in the session.

This drop resulted in the token hitting its lowest point since January 19, when solana last collided with a floor at $20.00.

Since hitting a peak of 87.67 on the 14-day relative strength index (RSI) back on January 13, price strength has consistently declined.

As a result of this, the index is now tracking at 44.21, which is its weakest point since January 2 when SOL was under $10.00.

Ultimately, this has its positives, as longer-term bulls may see this as a sign that prices are gradually moving in the right direction.

Cardano (ADA) extended its own recent sell-off on Friday, with prices falling for a third straight session.

ADA/USD dropped to an intraday low of $0.3558 earlier today, which comes after prices peaked at $0.3896 on Thursday.

As a result of this drop, ADA slipped to its weakest point since January 25, breaking out of a floor at $0.3590 in the process.

Since falling from this point of support, ADA has somewhat rallied, with bulls moving to buy the dip in price.

This took place as the RSI leveled out at a floor of 46.70, with cardano currently at $0.3611.

If this floor on the indicator continues to hold firm, there could be a rally over the week, with bulls re-entering the market.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
ada, Analysis, Cardano, SOL, Solana

Do you expect cardano rally once today’s sell-off has ceased? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'

Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.

PRESS RELEASE. Ankr, one of the world’s leading Web3 infrastructure providers, has become one of the first enterprise-level RPC (Remote Procedure Call) providers for Secret Network. Secret Network is the first mainnet blockchain with privacy-preserving smart contracts, enabling developers to build apps that are decentralized and permissionless, while also making use of encrypted inputs, outputs, and state. Secret Network is the first chain from the Cosmos ecosystem to be supported by Ankr.

Ankr’s Secret Network RPC endpoints provide a convenient way for developers to access the network. By using these endpoints, developers can communicate with Secret Network without having to set up their own nodes or run a full client. This enables easy and remote interaction with the blockchain, allowing developers to send requests, receive responses, and access features like sending transactions, querying state, and retrieving event logs. This will include supported request methods from both Secret Network and Cosmos. With the use of RPC endpoints, developers can efficiently build and deploy decentralized applications on the Secret Network.

Guy Zyskind, SCRT Labs CEO said “Ankr’s Secret Network RPC endpoints will bridge the gap between developers and blockchain, empowering them to build and deploy innovative, private and decentralized applications with ease and efficiency.”

Josh Neuroth, Ankr’s Head of Product, added, “Secret’s privacy technology, paired with Ankr’s easy connection to global, high-performance Secret Network nodes, will create a building environment that is faster and more secure than ever before.”

Ankr’s Secret Network RPC will include additional docs, features, and tools available on the platform to help Web3 developers streamline building. Ankr delivers time-tested and high-performance RPC node infrastructure to handle any request load, massively expanding Secret’s public RPC resources. To strengthen the global Secret network, Ankr is providing a geo-distributed and decentralized Secret RPC composed of many independent blockchain nodes running worldwide for low-latency and reliable connections.

About Secret

Secret Network is the first blockchain with data privacy by default for smart contracts, allowing you to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. First launched on mainnet in February 2020, the network is supported by dozens of independent development companies (including the SCRT Labs core development team), world-class “secret node” operators, and thousands of Secret Agents around the world helping to advance the cause of data privacy for the decentralized web. Secret Network was built with the Cosmos SDK, which allows it to provide interoperable privacy to the entire Cosmos ecosystem.

Media contact: info@scrtlabs.com

For more information, visit: Website | Twitter | Discord | Telegram | Blog

About Ankr

Ankr is building the future of decentralized Web3 infrastructure, servicing dozens of Proof-of-Stake chains with an industry-leading global node delivery system and RPC aggregator. Ankr currently serves over 2 trillion transactions a year across Web3 and is the leading infrastructure provider for BSC, Fantom, and Polygon chains as of 2023. Ankr also offers a full set of developer tools, including the Liquid Staking SDK, Web3 Gaming SDK, and AppChains as a Service, that empower dApp developers to build Web3 apps quickly and easily.

Media contact: Fabio Wehb Ferrari, fabio@ankr.com

For more information, visit: Website | Twitter | Telegram | Reddit | Discord | Medium

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

PRESS RELEASE. Ankr, one of the world’s leading Web3 infrastructure providers, has become one of the first enterprise-level RPC (Remote Procedure Call) providers for Secret Network. Secret Network is the first mainnet blockchain with privacy-preserving smart contracts, enabling developers to build apps that are decentralized and permissionless, while also making use of encrypted inputs, outputs, and state. Secret Network is the first chain from the Cosmos ecosystem to be supported by Ankr.

Ankr’s Secret Network RPC endpoints provide a convenient way for developers to access the network. By using these endpoints, developers can communicate with Secret Network without having to set up their own nodes or run a full client. This enables easy and remote interaction with the blockchain, allowing developers to send requests, receive responses, and access features like sending transactions, querying state, and retrieving event logs. This will include supported request methods from both Secret Network and Cosmos. With the use of RPC endpoints, developers can efficiently build and deploy decentralized applications on the Secret Network.

Guy Zyskind, SCRT Labs CEO said “Ankr’s Secret Network RPC endpoints will bridge the gap between developers and blockchain, empowering them to build and deploy innovative, private and decentralized applications with ease and efficiency.”

Josh Neuroth, Ankr’s Head of Product, added, “Secret’s privacy technology, paired with Ankr’s easy connection to global, high-performance Secret Network nodes, will create a building environment that is faster and more secure than ever before.”

Ankr’s Secret Network RPC will include additional docs, features, and tools available on the platform to help Web3 developers streamline building. Ankr delivers time-tested and high-performance RPC node infrastructure to handle any request load, massively expanding Secret’s public RPC resources. To strengthen the global Secret network, Ankr is providing a geo-distributed and decentralized Secret RPC composed of many independent blockchain nodes running worldwide for low-latency and reliable connections.

About Secret

Secret Network is the first blockchain with data privacy by default for smart contracts, allowing you to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. First launched on mainnet in February 2020, the network is supported by dozens of independent development companies (including the SCRT Labs core development team), world-class “secret node” operators, and thousands of Secret Agents around the world helping to advance the cause of data privacy for the decentralized web. Secret Network was built with the Cosmos SDK, which allows it to provide interoperable privacy to the entire Cosmos ecosystem.

Media contact: info@scrtlabs.com

For more information, visit: Website | Twitter | Discord | Telegram | Blog

About Ankr

Ankr is building the future of decentralized Web3 infrastructure, servicing dozens of Proof-of-Stake chains with an industry-leading global node delivery system and RPC aggregator. Ankr currently serves over 2 trillion transactions a year across Web3 and is the leading infrastructure provider for BSC, Fantom, and Polygon chains as of 2023. Ankr also offers a full set of developer tools, including the Liquid Staking SDK, Web3 Gaming SDK, and AppChains as a Service, that empower dApp developers to build Web3 apps quickly and easily.

Media contact: Fabio Wehb Ferrari, fabio@ankr.com

For more information, visit: Website | Twitter | Telegram | Reddit | Discord | Medium

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

PRESS RELEASE. Victoria Seychelles, 2023 – Bitget, the leading global crypto derivative exchange, announces to add AI (Artificial Intelligence), Arbitrum, and NFT zone listings to its Innovation Zone for users who would like to expose their crypto portfolio to related tokens in an early stage. The newly listed tokens will need to be regularly reviewed to ensure that the token adheres to Bitget’s platform standards, including trading volume, liquidity, the team, project development, and other criteria to keep the listing status active. The expanded Innovation Zone listings aim to assist users to discover quality digital assets and sift out disqualified tokens at the same time.

All digital assets listed in Innovation Zone are under regular review to ensure the tokens are progressing upward in the long run. Based on requirements in trading volume and liquidity, network or smart contract stability, team involvement, activeness of the community, any misconduct or negligence record, and so on, the token will be assessed for a rolling 60-day valuation period, and those that fail to meet the criteria will be delisted.

Within this week, 21 tokens had already been listed in the Innovation Zone, including seven AI-related and six Arbitrum-related tokens. Most of these newly listed tokens witnessed overwhelming enthusiasm from investors, with the greatest gain of 1263% for Future (AI), followed by 646% for Botto(BOTTO), and thirdly 450% for ArbInu (ARBINU), according to the data over the past week. Various trending artificial intelligence start-up projects such as SingularityNET (AGIX), Image Generation AI (IMGNAI), Artificial Liquid Intelligence (ALI), Oraichain (ORAI), and Future AI (AI), are also trading on Bitget’s platform now. And Blur (BLUR), the native token of the NFT marketplace and aggregator for pro traders, will have its global initial listing on 14th Feb in the NFT Zone, another important category of the Innovation Zone of Bitget.

Gracy Chen, Managing Director of Bitget, comments, “At Bitget, we are always trying our best to support quality projects with potential and facilitate the development of the industry as a whole in the long run. By implementing a rigorous vetting process, the Innovation Zone was designed to help users in their research process to uncover hidden gems within the vast number of tokens launching every day, and users can then decide which token suits their own portfolio the most.”

Meanwhile, Bitget’s data has been included in the Coin360 Verified Exchange data dashboard, and plus connected its deposit and withdrawal data on the blockchain analytics platform, Nansen, allowing users to more easily verify the platform data, ensuring transparency and protection of the interests of both retail and institutional users.

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries around the world. The exchange is committed to providing a secure, one-stop trading solution to users and aims to increase crypto adoption through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the Italian leading football team Juventus, and official eSports events organizer PGL.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

PRESS RELEASE. Victoria Seychelles, 2023 – Bitget, the leading global crypto derivative exchange, announces to add AI (Artificial Intelligence), Arbitrum, and NFT zone listings to its Innovation Zone for users who would like to expose their crypto portfolio to related tokens in an early stage. The newly listed tokens will need to be regularly reviewed to ensure that the token adheres to Bitget’s platform standards, including trading volume, liquidity, the team, project development, and other criteria to keep the listing status active. The expanded Innovation Zone listings aim to assist users to discover quality digital assets and sift out disqualified tokens at the same time.

All digital assets listed in Innovation Zone are under regular review to ensure the tokens are progressing upward in the long run. Based on requirements in trading volume and liquidity, network or smart contract stability, team involvement, activeness of the community, any misconduct or negligence record, and so on, the token will be assessed for a rolling 60-day valuation period, and those that fail to meet the criteria will be delisted.

Within this week, 21 tokens had already been listed in the Innovation Zone, including seven AI-related and six Arbitrum-related tokens. Most of these newly listed tokens witnessed overwhelming enthusiasm from investors, with the greatest gain of 1263% for Future (AI), followed by 646% for Botto(BOTTO), and thirdly 450% for ArbInu (ARBINU), according to the data over the past week. Various trending artificial intelligence start-up projects such as SingularityNET (AGIX), Image Generation AI (IMGNAI), Artificial Liquid Intelligence (ALI), Oraichain (ORAI), and Future AI (AI), are also trading on Bitget’s platform now. And Blur (BLUR), the native token of the NFT marketplace and aggregator for pro traders, will have its global initial listing on 14th Feb in the NFT Zone, another important category of the Innovation Zone of Bitget.

Gracy Chen, Managing Director of Bitget, comments, “At Bitget, we are always trying our best to support quality projects with potential and facilitate the development of the industry as a whole in the long run. By implementing a rigorous vetting process, the Innovation Zone was designed to help users in their research process to uncover hidden gems within the vast number of tokens launching every day, and users can then decide which token suits their own portfolio the most.”

Meanwhile, Bitget’s data has been included in the Coin360 Verified Exchange data dashboard, and plus connected its deposit and withdrawal data on the blockchain analytics platform, Nansen, allowing users to more easily verify the platform data, ensuring transparency and protection of the interests of both retail and institutional users.

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries around the world. The exchange is committed to providing a secure, one-stop trading solution to users and aims to increase crypto adoption through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the Italian leading football team Juventus, and official eSports events organizer PGL.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

PRESS RELEASE. Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM). The regulatory approval allows the exchange to offer a range of services and products to Italian users.

On the 1st of February 2023, LBank completed its registration with the OAM as a Virtual Asset Provider, as required by Italian legislation on crypto assets. The global crypto exchange with over 9 million users will now be able to offer services and products to Italian traders. The regulatory nod also allows LBank to open offices in Italy and expand its team.

By registering with the OAM, LBank joins a growing line-up of crypto exchanges who recently gained regulatory approval in Italy. After the official register of cryptocurrency traders was opened by the regulatory body on 18 May 2022, world’s largest crypto exchange Binance secured a spot just 9 days later. Other key industry players like Coinbase, Crypto.com, Bitstamp and BitMEX have also signed on since.

“We appreciate the efforts of the Ministry of Economy and Finance and the OAM in defining and enforcing industry standards in Italy to operate with full transparency. Which is an essential part of enforcing anti-money laundering rules and driving mainstream adoption of digital assets. This registration serves as a significant milestone in our journey to gain regulatory approval from jurisdictions around the globe,” said Eric He, co-founder and chairman of LBank.

LBank’s registration comes at a crucial time as European regulators prepare for the upcoming Markets in Crypto Assets (MiCA) regulatory framework. MiCA will define requirements for crypto issuers and service providers, such as exchanges like LBank. Bank of Italy Governor Ignazio Visco shared in a speech on the 4th of February that regulators in Italy are preparing a supervisory environment in anticipation of future EU crypto laws. Visco also added that the central bank found that about 2% of Italian households hold “modest amounts” of crypto.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM). The regulatory approval allows the exchange to offer a range of services and products to Italian users.

On the 1st of February 2023, LBank completed its registration with the OAM as a Virtual Asset Provider, as required by Italian legislation on crypto assets. The global crypto exchange with over 9 million users will now be able to offer services and products to Italian traders. The regulatory nod also allows LBank to open offices in Italy and expand its team.

By registering with the OAM, LBank joins a growing line-up of crypto exchanges who recently gained regulatory approval in Italy. After the official register of cryptocurrency traders was opened by the regulatory body on 18 May 2022, world’s largest crypto exchange Binance secured a spot just 9 days later. Other key industry players like Coinbase, Crypto.com, Bitstamp and BitMEX have also signed on since.

“We appreciate the efforts of the Ministry of Economy and Finance and the OAM in defining and enforcing industry standards in Italy to operate with full transparency. Which is an essential part of enforcing anti-money laundering rules and driving mainstream adoption of digital assets. This registration serves as a significant milestone in our journey to gain regulatory approval from jurisdictions around the globe,” said Eric He, co-founder and chairman of LBank.

LBank’s registration comes at a crucial time as European regulators prepare for the upcoming Markets in Crypto Assets (MiCA) regulatory framework. MiCA will define requirements for crypto issuers and service providers, such as exchanges like LBank. Bank of Italy Governor Ignazio Visco shared in a speech on the 4th of February that regulators in Italy are preparing a supervisory environment in anticipation of future EU crypto laws. Visco also added that the central bank found that about 2% of Italian households hold “modest amounts” of crypto.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. MEXC, the fastest-growing crypto exchange in Turkey, has teamed up with its local staff to support the people who have been injured, providing temporary meals for first responders and affected families, and distributing clean-up supplies with other assistance.

The strong earthquake in south eastern Turkey near the Syrian border has tragically claimed the lives of at least 2,921 individuals. Countries around the world are sending support to help the rescue efforts, including specialist teams and equipment.

“More than 20,000 people have been affected by the powerful quake, some people had to face the pain of losing their families or friends,” said Andrew, VP of MEXC. “User First, MEXC’s changing for you” is not a commercially-slogan. At MEXC, we are always mindful of our responsibility to society, particularly to our users in the region here. We made quick responses to partner with our local staff, and ensure all donations will go to benefit people who need help. While we cannot replace what’s been lost, we hope to provide some relief during this challenging time.”

MEXC has been part of Turkey’s market since 2019 and has made incredible efforts into building local teams through its affiliate agents. Today, MEXC has become one of the most popular exchanges and reaching a user-favorable localization.

About MEXC

MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of “Users first, MEXC’s Changing for you”. Visit the website and blog for more information, and follow MEXC Global and M-Ventures.

Contact:

Company Name: MEXC

Name: Antonio

Email: media@mexc.com

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

PRESS RELEASE. MEXC, the fastest-growing crypto exchange in Turkey, has teamed up with its local staff to support the people who have been injured, providing temporary meals for first responders and affected families, and distributing clean-up supplies with other assistance.

The strong earthquake in south eastern Turkey near the Syrian border has tragically claimed the lives of at least 2,921 individuals. Countries around the world are sending support to help the rescue efforts, including specialist teams and equipment.

“More than 20,000 people have been affected by the powerful quake, some people had to face the pain of losing their families or friends,” said Andrew, VP of MEXC. “User First, MEXC’s changing for you” is not a commercially-slogan. At MEXC, we are always mindful of our responsibility to society, particularly to our users in the region here. We made quick responses to partner with our local staff, and ensure all donations will go to benefit people who need help. While we cannot replace what’s been lost, we hope to provide some relief during this challenging time.”

MEXC has been part of Turkey’s market since 2019 and has made incredible efforts into building local teams through its affiliate agents. Today, MEXC has become one of the most popular exchanges and reaching a user-favorable localization.

About MEXC

MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of “Users first, MEXC’s Changing for you”. Visit the website and blog for more information, and follow MEXC Global and M-Ventures.

Contact:

Company Name: MEXC

Name: Antonio

Email: media@mexc.com

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

Bitcoin.com is excited to announce that Verse Farms are live on the Verse DEX. Anyone can now deposit select Liquidity Pool (LP) tokens into Verse Farms to earn additional rewards on top of the trading fees already earned for providing liquidity.

The first Verse Farm is for the VERSE/ETH pool with a starting APY of ~80%. More Farms will be added soon.

“Yield farming for VERSE tokens helps grow liquidity on the Verse DEX, which improves the trading experience on this important piece of decentralized infrastructure,” said Bitcoin.com CEO Dennis Jarvis. “This is a critical early step towards providing VERSE with broad utility in the Bitcoin.com ecosystem.”

VERSE, which launched in December 2022, is Bitcoin.com’s rewards and utility token. VERSE is fueling the growth and expansion of Bitcoin.com’s ecosystem, which includes over 37 million self-custody wallets created in its multi-chain DeFi-ready mobile app, the Bitcoin.com Wallet. The ecosystem also includes the award-winning Bitcoin.com News portal with over 2.5 million monthly readers.

The VERSE token’s utility will include unlocking rewards along tiers, method of payment in the Bitcoin.com ecosystem and beyond, access to exclusive platform services, and more. Ultimately VERSE will help expand access to decentralized finance, enabling more people to benefit from the economic freedom and democratized finance it unlocks.

Visit https://verse.bitcoin.com/farms to deposit LP tokens and start earning ~80% APY.

VERSE tokens are utility tokens designed for use on Bitcoin.com. VERSE tokens are not shares, bonds, units in a collective investment scheme, securities, or other instruments commonly known as securities of any type. VERSE tokens are not being offered for sale to U.S. persons and are not available for purchase in the United States, Japan, or any other as may be specified by Bitcoin.com, from time to time.

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

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