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Bitget Launches Fund Custody Service With Dedicated Wallet To Elevate Safety

11 Jan 2023

As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that threshold.

The value of FTX’s exchange token, FTT, has seen a marked increase over the past two days. On Jan. 9, 2023, the coin reached $1.36 per unit. While some of those gains have been lost, FTT is currently holding above the $1 range at $1.22 per coin as of 9:30 a.m. Eastern Time on Jan. 11, 2023. The reason for this surge in value is uncertain, as FTT’s tokenomics are tied to the now-defunct FTX exchange and its potential future growth.

FTT’s levels of ownership concentration are extremely high, with a single address controlling 59.55% of the entire FTT supply. Additionally, an unknown hacker holds 45.85 million FTT tokens, comprising 13.94% of the circulating supply. Another unknown address holds 10 million FTT, or 3.04% of the total supply. FTT’s value fell below the $1 range on Dec. 19, 2022, and remained below that threshold until a spike on Jan. 9, 2023.

The most active crypto exchanges trading FTT currently include Binance, Mexc Global, Kucoin, Gate.io, and Sushiswap. On Sushiswap alone, there is roughly $104,496 in FTT trades paired against wrapped ethereum (WETH). The overall global trading volume for FTT is approximately $23.81 million among all exchanges worldwide. Since the FTT token’s all-time low 12 days ago on Dec. 30, 2022, when it reached $0.827 per unit, it has risen 45.8%. However, it remains 98.6% down from its all-time high of $84.18 per unit reached on Sept. 09, 2021.

With Sam Bankman-Fried (SBF) facing charges of financial fraud and FTX filing for bankruptcy, the future of FTT is uncertain. Despite this, the token has not experienced the same sharp decline as Terra’s LUNA did last May. FTT’s tokenomics were closely tied to those of FTX, including providing traders with reduced fees on the now-defunct crypto exchange, and now the coin’s tokenomics are in disarray.

FTT is among many crypto assets that have managed to survive despite a lack of development or clear tokenomics. It has now become something for traders to speculate on as a hobby, and in light of the ongoing scandal involving SBF and FTX, it is difficult to view it seriously.

What do you think about FTT’s market performance amid FTX’s bankruptcy case and the fraud charges against FTX’s co-founder Sam Bankman-Fried? Let us know what you think about this subject in the comments section 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.

As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that threshold.

The value of FTX’s exchange token, FTT, has seen a marked increase over the past two days. On Jan. 9, 2023, the coin reached $1.36 per unit. While some of those gains have been lost, FTT is currently holding above the $1 range at $1.22 per coin as of 9:30 a.m. Eastern Time on Jan. 11, 2023. The reason for this surge in value is uncertain, as FTT’s tokenomics are tied to the now-defunct FTX exchange and its potential future growth.

FTT’s levels of ownership concentration are extremely high, with a single address controlling 59.55% of the entire FTT supply. Additionally, an unknown hacker holds 45.85 million FTT tokens, comprising 13.94% of the circulating supply. Another unknown address holds 10 million FTT, or 3.04% of the total supply. FTT’s value fell below the $1 range on Dec. 19, 2022, and remained below that threshold until a spike on Jan. 9, 2023.

The most active crypto exchanges trading FTT currently include Binance, Mexc Global, Kucoin, Gate.io, and Sushiswap. On Sushiswap alone, there is roughly $104,496 in FTT trades paired against wrapped ethereum (WETH). The overall global trading volume for FTT is approximately $23.81 million among all exchanges worldwide. Since the FTT token’s all-time low 12 days ago on Dec. 30, 2022, when it reached $0.827 per unit, it has risen 45.8%. However, it remains 98.6% down from its all-time high of $84.18 per unit reached on Sept. 09, 2021.

With Sam Bankman-Fried (SBF) facing charges of financial fraud and FTX filing for bankruptcy, the future of FTT is uncertain. Despite this, the token has not experienced the same sharp decline as Terra’s LUNA did last May. FTT’s tokenomics were closely tied to those of FTX, including providing traders with reduced fees on the now-defunct crypto exchange, and now the coin’s tokenomics are in disarray.

FTT is among many crypto assets that have managed to survive despite a lack of development or clear tokenomics. It has now become something for traders to speculate on as a hobby, and in light of the ongoing scandal involving SBF and FTX, it is difficult to view it seriously.

What do you think about FTT’s market performance amid FTX’s bankruptcy case and the fraud charges against FTX’s co-founder Sam Bankman-Fried? Let us know what you think about this subject in the comments section 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.

Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday’s decline. Xrp was also mostly in the green in today’s session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing.

Cosmos (ATOM) raced to a two-month high on Wednesday, as the token climbed to its strongest point since November.

Following a low of $11.10, ATOM/USD raced to a peak of $11.44 earlier in today’s session.

As a result of this latest surge in price, cosmos moved to its highest point since Nov. 12.

Looking at the chart, today’s rally occurred as the 14-day relative strength index (RSI) ventured deeper into overbought territory.

In addition to this, the 10-day (red) moving average (MA), continued its upward ascent versus the 25-day (blue) MA.

However, sentiment could soon be shifting, with bears looking to re-enter the market as the RSI is now tracking at a level not seen since last January.

XRP (formerly ripple) was another big mover in today’s session, extending recent gains to a fourth consecutive day.

So far on Thursday, XRP/USD has risen to an intraday high of $0.3691, which comes less than a day after hitting a bottom of $0.348.

Following this rally, xrp neared a four-week high, as prices moved to their highest point since December 16.

This latest price surge comes as the RSI moved beyond a resistance point at 57.00, and it is currently tracking at 59.41.

As a result of this move, the 10-day (red) moving average is now close to a crossover with its 25-day (blue) counterpart.

Should this upwards cross occur, it is likely that XRP will continue to move towards its long-term target of $0.40.

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

Tags in this story
Analysis, atom, Cosmos, Ripple, XRP

Do you expect xrp to move closer to $0.40 this week? 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.

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.

Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday’s decline. Xrp was also mostly in the green in today’s session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing.

Cosmos (ATOM) raced to a two-month high on Wednesday, as the token climbed to its strongest point since November.

Following a low of $11.10, ATOM/USD raced to a peak of $11.44 earlier in today’s session.

As a result of this latest surge in price, cosmos moved to its highest point since Nov. 12.

Looking at the chart, today’s rally occurred as the 14-day relative strength index (RSI) ventured deeper into overbought territory.

In addition to this, the 10-day (red) moving average (MA), continued its upward ascent versus the 25-day (blue) MA.

However, sentiment could soon be shifting, with bears looking to re-enter the market as the RSI is now tracking at a level not seen since last January.

XRP (formerly ripple) was another big mover in today’s session, extending recent gains to a fourth consecutive day.

So far on Thursday, XRP/USD has risen to an intraday high of $0.3691, which comes less than a day after hitting a bottom of $0.348.

Following this rally, xrp neared a four-week high, as prices moved to their highest point since December 16.

This latest price surge comes as the RSI moved beyond a resistance point at 57.00, and it is currently tracking at 59.41.

As a result of this move, the 10-day (red) moving average is now close to a crossover with its 25-day (blue) counterpart.

Should this upwards cross occur, it is likely that XRP will continue to move towards its long-term target of $0.40.

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

Tags in this story
Analysis, atom, Cosmos, Ripple, XRP

Do you expect xrp to move closer to $0.40 this week? 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.

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.

PRESS RELEASE. Taunt Battleworld, a digital collectible competitive fighting game for the metaverse, will launch its next NFT collection, the Black Magic Collection, on January 14, 2023, exclusively on Magic Eden. These NFTs are ideal for gamers and enthusiasts interested in the fighting game genre featuring player-owned assets and various live tournaments. In addition, all fighters will also come with a decentralized artificial intelligence Brain from Altered State Machine. The ASM Brains are AI NFTs, which will power future utility in the game such as training, personality, and breeding. Besides gamers and enthusiasts, the Black Magic Collection also targets native crypto fans looking to actively support nascent, advanced, and innovative projects.

Described as the “ultimate digital collectible fighting game for the metaverse,” Taunt Battleworld is also a fascinating platform that allows players to participate in esports and free-to-play tournaments while enjoying, in its entirety, the unique advantages of player-owned, in-game assets. Gamers can play as their favorite web 3.0 characters, combat sports legends, or lethal Acolyte Warriors.

Taunt Battleworld players train, strategize, ft, watch, predict, and play as their favorite characters in the game.

The Black Magic Collection

The Black Magic Collection was selected as one of the first 7 gaming launch projects for the Polygon launch of Magic Eden—the leading cross-chain NFT platform—on January 14, 2023. The NFT collection comprises 1500 unique digital collectibles, all playable characters in the Taunt Battleworld gaming universe.

Designed to bring the thrills and excitement of UFC to the metaverse, the Black Magic NFT warriors consist of renowned combat sports athletes such as Andy Ruiz Jr, Cris Cyborg, and undefeated boxing champion Floyd Mayweather Jr. Other warriors include warriors from NFT communities like Super Yeti, Mad Rabbits Riot Club, and Decentral Games Ice Poker.

Taunt Battleworld plans to launch a native in-game utility token, $TAUNT. This token will power the ecosystem’s gaming experience within the confines of blockchain gaming and web 3.0. $TAUNT will launch in Q1 of 2023, allowing players to fully experience the Taunt Battleworld ecosystem.

Crypto native audiences will be able to vote for Taunt Battleword to be listed on top decentralized launchpad DAOmaker from January 11th through January 18th while also earning a free airdrop of $TAUNT.

Join the whitelist for the Black Magic Collection for free and mint on the release date, January 14, 2023. Learn more about the $TAUNT token and its capacity to power this advanced gaming ecosystem. Visit and play for free here.

About Taunt Battleworld

Taunt Battleworld is the ultimate digital collectible fighting game for the metaverse. With an immersive social platform – Taunt Live, Taunt Battleworld allows players to engage in free-to-play and esports competitions while also enjoying the benefits of player-owned assets. Play as combat sports legends, your favorite web3 characters, or deadly Acolyte Warriors to defeat your opponent. Play. Watch. Fight.

Taunt Battleworld is founded by industry veterans from EA, Amazon, and THQ.

Media Contact

Company Name: Taunt Battleworld

Company Website: https://www.playtaunt.io/

Company Email: hello@turntgaming.com

Social Contact

Discord: https://discord.com/invite/playtaunt

Twitter: https://twitter.com/playtaunt

Telegram: https://t.me/TauntBattleworld

Instagram: https://www.instagram.com/playtaunt/?igshid=YmMyMTA2M2Y=

Whitepaper: https://taunt-battleworld.gitbook.io/taunt-battleworld/

 

 

 

 

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. Taunt Battleworld, a digital collectible competitive fighting game for the metaverse, will launch its next NFT collection, the Black Magic Collection, on January 14, 2023, exclusively on Magic Eden. These NFTs are ideal for gamers and enthusiasts interested in the fighting game genre featuring player-owned assets and various live tournaments. In addition, all fighters will also come with a decentralized artificial intelligence Brain from Altered State Machine. The ASM Brains are AI NFTs, which will power future utility in the game such as training, personality, and breeding. Besides gamers and enthusiasts, the Black Magic Collection also targets native crypto fans looking to actively support nascent, advanced, and innovative projects.

Described as the “ultimate digital collectible fighting game for the metaverse,” Taunt Battleworld is also a fascinating platform that allows players to participate in esports and free-to-play tournaments while enjoying, in its entirety, the unique advantages of player-owned, in-game assets. Gamers can play as their favorite web 3.0 characters, combat sports legends, or lethal Acolyte Warriors.

Taunt Battleworld players train, strategize, ft, watch, predict, and play as their favorite characters in the game.

The Black Magic Collection

The Black Magic Collection was selected as one of the first 7 gaming launch projects for the Polygon launch of Magic Eden—the leading cross-chain NFT platform—on January 14, 2023. The NFT collection comprises 1500 unique digital collectibles, all playable characters in the Taunt Battleworld gaming universe.

Designed to bring the thrills and excitement of UFC to the metaverse, the Black Magic NFT warriors consist of renowned combat sports athletes such as Andy Ruiz Jr, Cris Cyborg, and undefeated boxing champion Floyd Mayweather Jr. Other warriors include warriors from NFT communities like Super Yeti, Mad Rabbits Riot Club, and Decentral Games Ice Poker.

Taunt Battleworld plans to launch a native in-game utility token, $TAUNT. This token will power the ecosystem’s gaming experience within the confines of blockchain gaming and web 3.0. $TAUNT will launch in Q1 of 2023, allowing players to fully experience the Taunt Battleworld ecosystem.

Crypto native audiences will be able to vote for Taunt Battleword to be listed on top decentralized launchpad DAOmaker from January 11th through January 18th while also earning a free airdrop of $TAUNT.

Join the whitelist for the Black Magic Collection for free and mint on the release date, January 14, 2023. Learn more about the $TAUNT token and its capacity to power this advanced gaming ecosystem. Visit and play for free here.

About Taunt Battleworld

Taunt Battleworld is the ultimate digital collectible fighting game for the metaverse. With an immersive social platform – Taunt Live, Taunt Battleworld allows players to engage in free-to-play and esports competitions while also enjoying the benefits of player-owned assets. Play as combat sports legends, your favorite web3 characters, or deadly Acolyte Warriors to defeat your opponent. Play. Watch. Fight.

Taunt Battleworld is founded by industry veterans from EA, Amazon, and THQ.

Media Contact

Company Name: Taunt Battleworld

Company Website: https://www.playtaunt.io/

Company Email: hello@turntgaming.com

Social Contact

Discord: https://discord.com/invite/playtaunt

Twitter: https://twitter.com/playtaunt

Telegram: https://t.me/TauntBattleworld

Instagram: https://www.instagram.com/playtaunt/?igshid=YmMyMTA2M2Y=

Whitepaper: https://taunt-battleworld.gitbook.io/taunt-battleworld/

 

 

 

 

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

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.

PRESS RELEASE. New York, United States, 11th January, 2023, Chainwire. Reap, the global fintech company powering expense management through the industry’s first Reap Visa Corporate Card (“Reap Card”) platform, launches industry-leading innovation by including cryptocurrency repayments functionality for the Web3 industry. Together with the Reap Card, Reap is offering expense management software that will enable web3 companies to settle their fiat payments with cryptocurrencies.

Daren Guo, Reap Co-Founder, said: “We noticed a gap in the payments market involving web3 projects that face challenges for settling corporate expenses with non-fiat currencies like cryptocurrency. A seamless and scalable solution to convert crypto into fiat currently does not exist as traditional banks have not been able to settle on an industry standard for these web3 businesses. Reap is now able to bridge the gap between web3 businesses and the web2 fiat economy.”

Security and stability are at the forefront of customers’ minds who leverage Web3 technologies. To build out a trusted ecosystem, Reap has integrated with Fireblocks, an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations.

Stephen Richardson, SVP of Financial Markets at Fireblocks, added: “The security of digital assets is of paramount importance when it comes to building customer trust, which is why we are delighted to be working with Reap to power secure, frictionless payments for web3 creators. Reap’s solution stands to improve operational efficiency for web3 projects, allowing founders and project owners to focus on building innovative products with greater peace of mind. We’re proud to work with innovative companies like Reap that will enable the next generation of digital assets.”

The Reap Card simplifies the process of settling global payments in fiat by using USDC, USDT, BTC, and ETH seamlessly to resolve the problem of costly handling fees that include multiple off-ramp parties. Digital provider Gnosis has already used this service to see firsthand how the Reap Card streamlines complicated currency conversion processes and billing issues, freeing up executive time to focus on core business operations.

“As an early adopter of Reap Card, we have been able to take advantage of their innovative product suite and seamlessly settle payments in fiat currencies,” said Dosh, Communication and Marketing Team at Gnosis. “Reap’s solution has been particularly useful for bypassing the difficulties and hurdles that often come with trying to use cryptocurrency to navigate the traditional banking system.”

Reap envisions a future where every business, regardless of size and industry, has the opportunity to operate at its full potential by building and applying innovative financial solutions. Reap is committed to orchestrating success with all types of business to capture global opportunities, in an ever-changing competitive global marketplace.

About Reap

Reap is a financial platform that enables access and financial connectivity through innovation for companies of all sizes. Reap combines spend management software with a range of innovative payment products — including the flagship Reap Visa Corporate Credit Card. Reap is committed to helping businesses orchestrate success by providing the best financial tools that evolve with their customers and the market.

Reap is supported by industry-leading investors including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures and Payment Asia. Reap was founded in 2018 and has expanded to a team of over 40, working across offices in 7 countries.

Find out more here. Media Inquiries: Reap media@reap.global

Contact

Daniel Choy

daniel@reap.global

 

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

Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments

The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution, ... read more.

PRESS RELEASE. New York, United States, 11th January, 2023, Chainwire. Reap, the global fintech company powering expense management through the industry’s first Reap Visa Corporate Card (“Reap Card”) platform, launches industry-leading innovation by including cryptocurrency repayments functionality for the Web3 industry. Together with the Reap Card, Reap is offering expense management software that will enable web3 companies to settle their fiat payments with cryptocurrencies.

Daren Guo, Reap Co-Founder, said: “We noticed a gap in the payments market involving web3 projects that face challenges for settling corporate expenses with non-fiat currencies like cryptocurrency. A seamless and scalable solution to convert crypto into fiat currently does not exist as traditional banks have not been able to settle on an industry standard for these web3 businesses. Reap is now able to bridge the gap between web3 businesses and the web2 fiat economy.”

Security and stability are at the forefront of customers’ minds who leverage Web3 technologies. To build out a trusted ecosystem, Reap has integrated with Fireblocks, an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations.

Stephen Richardson, SVP of Financial Markets at Fireblocks, added: “The security of digital assets is of paramount importance when it comes to building customer trust, which is why we are delighted to be working with Reap to power secure, frictionless payments for web3 creators. Reap’s solution stands to improve operational efficiency for web3 projects, allowing founders and project owners to focus on building innovative products with greater peace of mind. We’re proud to work with innovative companies like Reap that will enable the next generation of digital assets.”

The Reap Card simplifies the process of settling global payments in fiat by using USDC, USDT, BTC, and ETH seamlessly to resolve the problem of costly handling fees that include multiple off-ramp parties. Digital provider Gnosis has already used this service to see firsthand how the Reap Card streamlines complicated currency conversion processes and billing issues, freeing up executive time to focus on core business operations.

“As an early adopter of Reap Card, we have been able to take advantage of their innovative product suite and seamlessly settle payments in fiat currencies,” said Dosh, Communication and Marketing Team at Gnosis. “Reap’s solution has been particularly useful for bypassing the difficulties and hurdles that often come with trying to use cryptocurrency to navigate the traditional banking system.”

Reap envisions a future where every business, regardless of size and industry, has the opportunity to operate at its full potential by building and applying innovative financial solutions. Reap is committed to orchestrating success with all types of business to capture global opportunities, in an ever-changing competitive global marketplace.

About Reap

Reap is a financial platform that enables access and financial connectivity through innovation for companies of all sizes. Reap combines spend management software with a range of innovative payment products — including the flagship Reap Visa Corporate Credit Card. Reap is committed to helping businesses orchestrate success by providing the best financial tools that evolve with their customers and the market.

Reap is supported by industry-leading investors including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures and Payment Asia. Reap was founded in 2018 and has expanded to a team of over 40, working across offices in 7 countries.

Find out more here. Media Inquiries: Reap media@reap.global

Contact

Daniel Choy

daniel@reap.global

 

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

Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments

The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution, ... read more.

PRESS RELEASE. Abu Dhabi, 11 January 2023 Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).

The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi. It aims to become the leading supporter of the next-generation digital technologies and entrepreneurs.

Venom Ventures Fund (VVF) will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network. Furthermore, it will assist the investee projects with marketing, exchange listing, technical, legal, and regulatory support.

The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region. Mustafa has served on the Board of Directors of several financial services and insurance companies in the Middle-east and Europe.

Operated by Iceberg Capital, the fund will be investing in projects and teams from pre-seed to Series A rounds. It will strive to accelerate the adoption of blockchain, DeFi, and Web3 while generating long-term value for investors.

Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said “We are thrilled to partner with Venom Foundation, launching their new $1 billion fund. Even though the blockchain industry is witnessing a steep correction in prices, we believe that builders will continue to build and innovate. With Venom Ventures, we will be providing financial, technical, and marketing support to the most promising teams and projects in Web3 space to help them bring their visions to life.

The Abu Dhabi Global Market (ADGM) is an international financial center and free zone that provides market participants with a world-class legal system and regulatory regime. Established and operated by ADGM regulated entities, Venom Ventures Fund (VVF) will be transparent and will adhere to the regulations.

Peter Knez, Chairman of Venom Ventures, said, “I am delighted to be a part of the launch of our new Venture Capital fund here in Abu Dhabi. I am excited to work with a team of experienced investment professionals and talented people from the crypto industry, and we are ready to allocate strategic investments in the most innovative web3 start-ups that are poised for mass adoption. Our mission is to transform digital asset management and make a lasting impact on the industry. Venom is the ideal platform for us to achieve this goal.”

Venom Ventures Fund (VVF) leads the $20 million funding in Nümi Metaverse

The fund has made its first investment, leading Nümi Metaverse’s $20 million funding round. Nümi Metaverse is a universal platform for creators, innovators, and followers. Nümi will launch its ‘Visual Novel’ in 2023, a mini-game experience with a range of special prizes for players.

Nümi will also launch VR metaverse by the end of this year, followed by a PC and mobile version in 2024. The Nümi investment showcases the fund’s investment strategy. Developers and builders working on innovative Web3 projects are invited to apply for funding through the Venom Ventures Fund website.

About Iceberg Capital

Iceberg Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. Iceberg Capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. Iceberg Capital also offers traditional asset management services such as investment portfolios in local and international markets, financial instruments (equities, ETFs, commodities, derivatives, etc), as well as specialized platforms for securities, and blockchain technology.

For more information about Iceberg Capital, visit: Website | LinkedIn

About Venom Foundation

Venom is the world’s first regulated blockchain. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.

For media inquiries, please contact: Adam Newton, pr@venom.ventures

For more information about Venom Ventures, visit: Website | Twitter

For more information about Venom Foundation, visit: Website | Twitter

 

 

 

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. Abu Dhabi, 11 January 2023 Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).

The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi. It aims to become the leading supporter of the next-generation digital technologies and entrepreneurs.

Venom Ventures Fund (VVF) will leverage Iceberg Capital’s network, expertise, and capabilities to offer incubation programs and access to an extensive industry network. Furthermore, it will assist the investee projects with marketing, exchange listing, technical, legal, and regulatory support.

The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region. Mustafa has served on the Board of Directors of several financial services and insurance companies in the Middle-east and Europe.

Operated by Iceberg Capital, the fund will be investing in projects and teams from pre-seed to Series A rounds. It will strive to accelerate the adoption of blockchain, DeFi, and Web3 while generating long-term value for investors.

Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said “We are thrilled to partner with Venom Foundation, launching their new $1 billion fund. Even though the blockchain industry is witnessing a steep correction in prices, we believe that builders will continue to build and innovate. With Venom Ventures, we will be providing financial, technical, and marketing support to the most promising teams and projects in Web3 space to help them bring their visions to life.

The Abu Dhabi Global Market (ADGM) is an international financial center and free zone that provides market participants with a world-class legal system and regulatory regime. Established and operated by ADGM regulated entities, Venom Ventures Fund (VVF) will be transparent and will adhere to the regulations.

Peter Knez, Chairman of Venom Ventures, said, “I am delighted to be a part of the launch of our new Venture Capital fund here in Abu Dhabi. I am excited to work with a team of experienced investment professionals and talented people from the crypto industry, and we are ready to allocate strategic investments in the most innovative web3 start-ups that are poised for mass adoption. Our mission is to transform digital asset management and make a lasting impact on the industry. Venom is the ideal platform for us to achieve this goal.”

Venom Ventures Fund (VVF) leads the $20 million funding in Nümi Metaverse

The fund has made its first investment, leading Nümi Metaverse’s $20 million funding round. Nümi Metaverse is a universal platform for creators, innovators, and followers. Nümi will launch its ‘Visual Novel’ in 2023, a mini-game experience with a range of special prizes for players.

Nümi will also launch VR metaverse by the end of this year, followed by a PC and mobile version in 2024. The Nümi investment showcases the fund’s investment strategy. Developers and builders working on innovative Web3 projects are invited to apply for funding through the Venom Ventures Fund website.

About Iceberg Capital

Iceberg Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. Iceberg Capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. Iceberg Capital also offers traditional asset management services such as investment portfolios in local and international markets, financial instruments (equities, ETFs, commodities, derivatives, etc), as well as specialized platforms for securities, and blockchain technology.

For more information about Iceberg Capital, visit: Website | LinkedIn

About Venom Foundation

Venom is the world’s first regulated blockchain. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.

For media inquiries, please contact: Adam Newton, pr@venom.ventures

For more information about Venom Ventures, visit: Website | Twitter

For more information about Venom Foundation, visit: Website | Twitter

 

 

 

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. In the crypto world, 2022 was one of the most challenging years. In the wake of the FTX bankruptcy, users lost trust in centralized exchanges and began to question the security of client funds stored on centralized exchanges. Most of the top exchanges, including Binance, had been affected by a wave of mistrust.

There is a desire of the community to keep funds securely in their wallets, without interference from third parties. Moreover, they want to invest in a variety of tools with the same speed and commissions as centralized platforms. Perhaps now is the perfect time to start something new, since Uniswap and MakerDAO entered the market after a long crypto winter and changed the cryptocurrency industry forever.

About the project:

A decentralized ecosystem was introduced by Civilization Network at the end of 2022 that incorporated over 25 well-known cryptocurrencies in addition to stock market trading. The Civilization ecosystem differs from its main competitors, such as Revolut, in that it is decentralized and does not store customer funds. Additionally, Treasury liquidity is fully transparent.

Civilization Network has the lowest commissions in the world today – 0.01%, which is lower than any CeFi or DeFi exchange.

Marketing:

This project was developed in advance and deliberately selected for this time period. Since all products were ready beforehand and the application had already passed the AppStore test, it is now available for download on iOS devices. As per the founders, now is the appropriate time to introduce the replacement of centralized services, to challenge payment giants such as Visa and MasterCard, and to demonstrate rapid growth during the market reversal following a long crypto-winter. Within three days of the project’s launch, more than 35,000 people had registered. The audience is growing rapidly in many regions, including Asia, North and South America, Europe, and Africa.

As outlined in the plan, advertising will be displayed in all known locations around the globe in the coming days. The company also intends to purchase advertising at sports events, bus stickers in London, subway advertising, and other forms of advertising.

When the project starts:

As of January 23, 2023, tokens will be available on at least two exchanges, including Civilization Network’s own application. As the project continues to expand globally, it is estimated that it will reach a target audience of two million by the summer of 2023. As a result of the project, the problem of currency transfers and blocking could be solved, and SWIFT could be replaced.

Pre-registration is possible at the website or via telegram messenger.

 

 

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

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. In the crypto world, 2022 was one of the most challenging years. In the wake of the FTX bankruptcy, users lost trust in centralized exchanges and began to question the security of client funds stored on centralized exchanges. Most of the top exchanges, including Binance, had been affected by a wave of mistrust.

There is a desire of the community to keep funds securely in their wallets, without interference from third parties. Moreover, they want to invest in a variety of tools with the same speed and commissions as centralized platforms. Perhaps now is the perfect time to start something new, since Uniswap and MakerDAO entered the market after a long crypto winter and changed the cryptocurrency industry forever.

About the project:

A decentralized ecosystem was introduced by Civilization Network at the end of 2022 that incorporated over 25 well-known cryptocurrencies in addition to stock market trading. The Civilization ecosystem differs from its main competitors, such as Revolut, in that it is decentralized and does not store customer funds. Additionally, Treasury liquidity is fully transparent.

Civilization Network has the lowest commissions in the world today – 0.01%, which is lower than any CeFi or DeFi exchange.

Marketing:

This project was developed in advance and deliberately selected for this time period. Since all products were ready beforehand and the application had already passed the AppStore test, it is now available for download on iOS devices. As per the founders, now is the appropriate time to introduce the replacement of centralized services, to challenge payment giants such as Visa and MasterCard, and to demonstrate rapid growth during the market reversal following a long crypto-winter. Within three days of the project’s launch, more than 35,000 people had registered. The audience is growing rapidly in many regions, including Asia, North and South America, Europe, and Africa.

As outlined in the plan, advertising will be displayed in all known locations around the globe in the coming days. The company also intends to purchase advertising at sports events, bus stickers in London, subway advertising, and other forms of advertising.

When the project starts:

As of January 23, 2023, tokens will be available on at least two exchanges, including Civilization Network’s own application. As the project continues to expand globally, it is estimated that it will reach a target audience of two million by the summer of 2023. As a result of the project, the problem of currency transfers and blocking could be solved, and SWIFT could be replaced.

Pre-registration is possible at the website or via telegram messenger.

 

 

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

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.

PRESS RELEASE. Victoria, Seychelles 11 Jan 2023 – Leading crypto exchange Bitget launches the Fund Custody service for professional investors and institutions. The service will provide dedicated wallets to qualified accounts to maximize protection of customers’ funds on the platform. The exchange also recently released the latest snapshot of its Merkle tree Proof of Reserves to reassure users that their assets are held in 1:1 reserves.

To be qualified for the Fund Custody service, users will have to store more than or equal to 100,000 USDT worth of combined assets (including spot, futures, Bitget Earn, fiat currency, and leverage) on the platform. Once the application is approved, the user will then be assigned a separate custodial wallet, with its own dedicated address to check and withdraw funds separated from the main reserve.

Storing the asset in a separate wallet prevents users’ funds from being affected in case of emergencies such as an exchange run, or other cybersecurity threats. The wallet assets will be rounded on a daily basis to make sure the user still meets the required conditions.

Additionally, Bitget has recently updated its Merkle tree snapshot as of December 31, 2022, and the latest reserve ratio of the most popular tokens are as follows:

The exchange is committed to be fully reserved holding customers’ assets on the platform at least on a 1:1 reserves ratio.

Gracy Chen, Managing Director of Bitget, remarks, “Protecting our customers’ assets is, and always will be, our top priority at Bitget. Ever since the collapse of some bad actors in the industry, we have taken a series of initiatives for heightened protection. In addition to the security offered with our US$300 million Bitget Protection Fund and Merkle tree Proof of Reserves, we are proud to announce our Fund Custody service. The new service, equipped with industry-grade security systems and dedicated wallet addresses for qualified users, shall further foster transparency and elevate safety for our users and their funds.”

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 by collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the Italian leading football team Juventus, and the official esports events organizer PGL.

To learn more about Bitget, please visit https://www.bitget.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.


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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