Binance Acquires South Korean Crypto Exchange Gopax, Re-enters Market

• Binance, the largest provider of digital asset trading platforms, has acquired a majority stake in the South Korean crypto exchange Gopax.
• The acquisition was funded by BNB’s co-investment project, which pledged $1 billion for the purchase.
• The goal of this move is to provide customers with the means to withdraw their assets and strengthen South Korea’s crypto and blockchain industry.

Binance Re-enters South Korea

Binance, one of the world’s largest providers of digital asset trading platforms, has announced its return to South Korea by acquiring a majority stake in the country’s crypto exchange Gopax. The acquisition was funded by BNB’s co-investment project which allocated $1 billion for the purchase.

Terms of Agreement Remains Private

Though details remain confidential, Yibo Ling, chief business officer at Binance, confirmed that they have bought a significant stake in Gopax which stopped allowing withdrawals from certain goods in November last year. Streami Inc., Gopax’s parent company and one of ten biggest known creditors of insolvent lender Genesis Global is also said to be included in this agreement.

Funding For Customer Withdrawals And Interest Payments

The main purpose behind this move is to provide customers with adequate funding so that GoFi – GOPAX’s yield product – can be used for customer withdrawals and interest payments. This initiative is designed to help revive an industry that suffered due to market volatility and the demise of competitors like FTX last year.

Exit From South Korea In 2021

It should be noted that Binance had previously exited South Korea due to poor usage and volume back in 2021 but increased its presence elsewhere in Asia when it acquired Sakura Exchange BitCoin in Japan during late 2020. Moreover, TerraUSD algorithmic stablecoin ecosystem’s collapse along with Do Kwon’s wanted espionage status further damaged sentiment surrounding digital assets within South Korea hence making it essential for firms like Binance to step up and help restore confidence within the market again.

Changpeng CZ Zhao Statement

Changpeng CZ Zhao expressed his statement hoping that this move alongside GOPAX will help strengthen the Korean crypto and blockchain industry further thus providing customers with more options regarding their asset withdrawal needs as well as interest payment methods available on GoFi yield product from GOPAX

Polygon MATIC Surges 48% in Past Month, Reaches $1.09

• Polygon MATIC surged 16% in the past week, reaching a 48% surge since late December last year, with a current value of $1.09.
• The increase in daily active users was fostered by the recent partnerships announced over the past months, as well as launches such as the most recent one yesterday, via an AMA with Ovix Protocol.
• A Polygon crypto whale sold MATIC tokens worth $7.7 billion on 8 January, leaving tokens worth $23.7 million in the address.

The cryptocurrency market has been experiencing a surge in prices in the past few weeks, and Polygon MATIC has been no exception. In the past week, MATIC has surged by 16%, now priced at $1.09 at the time of writing. This marks a 48% surge since late December last year, making it the second-largest asset per daily active users, recording over 344,000 users trailing behind Binance’s BNB. The token has a $1.19 billion trading volume with a $9.4 billion market cap.

The increase in daily active users of MATIC was fostered by the recent partnerships announced over the past months. In addition, MATIC also did launches, such as the most recent one yesterday, via an AMA with Ovix Protocol. The AMA explored 2023’s largest DeFi natives, LSD, and zero-knowledge EVM (zk-EVM). Polygon DeFi Native projects such as GainsNetwork_io and Giddy DeFi are among Polygon’s top projects focused on making DeFi a priority in the current bear market. Giddy teamed up with GainsNetwork and brought the newly created $GNS staking pool.

However, despite the recent surge in activity, a Polygon crypto whale sold MATIC tokens worth $7.7 billion on 8 January, leaving tokens worth $23.7 million in the address. This has caused some investor concern, though it is unlikely to have a major impact on the coin’s price in the long run.

Overall, with the current market conditions, Polygon MATIC is well-positioned to continue its surge in the coming weeks and months. The token’s partnerships, launches, and DeFi focus should ensure that it is well-suited to benefit from the current market conditions. Investors should keep an eye on Polygon MATIC and its activity in the coming weeks and months as it may offer an interesting opportunity for investors who are looking for a promising blockchain investment.

Revolutionizing the Cannabis Industry: BudBlockz Empowers Users with Blockchain Technology

• BudBlockz is a crypto project running on the Ethereum blockchain that seeks to enhance operations in the cannabis markets.
• It has established the first-of-its-kind decentralized e-commerce platform that will bring together cannabis consumers and producers.
• Powered by its utility token, BLUNT, people can buy high-quality cannabis products and leverage the blockchain to enhance transaction processes for cannabis users.

BudBlockz is a revolutionary blockchain-based project that is set to revolutionize the multi-billion cannabis industry. Through its innovative blockchain technology, the project seeks to onboard a billion users to web3 by 2025. BudBlockz has established the first-of-its-kind decentralized e-commerce platform that will bring together cannabis consumers and producers. This platform will enable easy, global access to the cannabis market in a secure and decentralized way.

The BudBlockz platform is powered by its utility token, BLUNT, which acts as a means of exchange between cannabis companies and consumers. BLUNT facilitates transactions at dispensaries, farms, factories, and other cannabis-related businesses. The total number of BLUNT that will enter circulation is limited to 420m. This token not only helps with transactions, but also allows users to buy high-quality cannabis products.

The BudBlockz platform also features a Non-Fungible Token (NFT) platform that enables users to access an array of high-quality cannabis products securely and transparently. This platform is expected to improve the supply and logistics of the cannabis industry.

By leveraging the power of blockchain technology, BudBlockz is on a mission to revolutionize the cannabis industry and enhance operations. Through the integration of the BLUNT token, the project is looking to onboard over one billion users to web3 by 2025. This will be a game-changer for the cannabis industry and will provide a secure, transparent and decentralized platform for users.

Tezos India Partners With Graviton to Accelerate Blockchain Adoption in India

• Tezos India has partnered with Graviton to promote blockchain technology in India.
• The partnership will give access to the Tezos blockchain ecosystem and support the development of dApps.
• This is particularly beneficial for developing countries like India, where DeFi can provide financial services without the need for traditional intermediaries.

Tezos India, a leading blockchain adoption entity in India, has recently announced a partnership with Graviton, an India-focused web3 accelerator program, to further propel the acceptance of blockchain technology in the country. This partnership will give access to the Tezos blockchain ecosystem and provide active support to cohort groups in several areas.

The partnership is especially beneficial for developing countries like India, where the implementation of decentralized finance (DeFi) is gaining traction. DeFi is a form of financial services that is powered by blockchain technology and eliminates the need for traditional intermediaries like banks and financial institutions. This makes DeFi services more secure, transparent, and resistant to censorship, as there is no single point of failure.

Through this partnership, Graviton will help to expose users to the Tezos blockchain ecosystem and support the development of dApps, or decentralized applications. A dApp is a type of software that runs on a blockchain network and is secured by a distributed system of computers. This makes dApps more secure, transparent, and resistant to censorship since there is no single point of failure.

Amanjot Malhotra, head of growth at Tezos India, expressed his excitement about this upcoming partnership and the potential of Web-3 innovation in India. “We are extremely excited about the Web-3 innovation taking off in India, and we look forward to extending our support of the Indian crypto/Web-3 ecosystem. With the project with Graviton, we demonstrate our dedication to fostering this talent, and the Web-3 community in India is rapidly becoming a global force,” Malhotra said.

This partnership between Tezos India and Graviton will open up new opportunities for blockchain technology in India and further the acceptance of DeFi services. This will provide more secure, transparent, and censorship-resistant financial services to unbanked and underbanked people in India, thus providing them with access to financial services that were previously unavailable. Additionally, this partnership will create more exposure to the Tezos blockchain ecosystem, which will result in the development of more dApps and the growth of the Web-3 space in India.

Secure Your Crypto: Get Maximum Privacy with Crypto Mixers

• Cryptocurrency mixers are services designed to help users maintain their privacy and anonymity when making cryptocurrency transactions.
• Crypto mixers break up large amounts of coins into smaller ones and mix them with other users‘ coins to make it difficult for anyone to track who owns what.
• Using a crypto mixer, users can keep their identities and transaction history safe from prying eyes, improving both privacy and security in cryptocurrency.

Cryptocurrency mixers have become increasingly popular for users who want to keep their digital currencies anonymous and secure. These services can help users obscure their transactions by utilizing special algorithms, making them virtually untraceable by governments or hackers. This article will explore the benefits of using cryptocurrency mixers and why they are essential for anyone looking to use digital currencies securely and anonymously.

Crypto mixers are a technical service designed to help users maintain their privacy and anonymity when making cryptocurrency transactions. The concept of crypto mixing has been around for a rather long time, but has only recently become more widely accepted due to the increasing popularity of cryptocurrency. Crypto mixers break up large amounts of coins into smaller ones and mix them with other users‘ coins. In this way, they make it extremely difficult for anyone to track who owns what. The result is enhanced security and privacy for users who want to remain anonymous when making cryptocurrency transactions.

Using a crypto mixer, users can keep their identities and transaction history safe from prying eyes. Mixers also help people who don’t want anyone to know where their funds came from or where they are going. There are multiple reasons why crypto mixers are becoming increasingly popular, all of which benefit users who want to keep their identities and transactions secure.

For one, crypto mixers are a great way to protect personal data from hackers. With a crypto mixer, users can easily obscure their transactions and make them virtually untraceable. This makes it much harder for hackers to access personal information or take advantage of users who are making cryptocurrency transactions.

Crypto mixers also offer users a great way to remain anonymous when making transactions. By using a crypto mixer, users can easily hide their identities and transactions from government agencies and other third parties. This means that users can remain anonymous when making digital currency transactions, which many people find appealing.

Finally, crypto mixers are a great way to reduce fees associated with cryptocurrency transactions. By mixing large amounts of coins, users can reduce the fees associated with transactions since they do not need to pay fees for each individual transaction. This makes it much more cost-effective for users to make transactions in digital currencies.

Overall, cryptocurrency mixers provide a number of benefits for users who want to stay anonymous and secure when making digital currency transactions. These mixers can help users obscure their transactions, making them virtually untraceable by governments or hackers. They also allow users to remain anonymous when making transactions, which many people find appealing. Finally, they help users save money by reducing the fees associated with digital currency transactions. For these reasons, cryptocurrency mixers are becoming increasingly popular for users looking to securely and anonymously use digital currencies.

BAS Opposes Singapore’s Proposed Ban on Token Lending to Retailers

• The Blockchain Association of Singapore (BAS) has opposed the Monetary Authority of Singapore’s (MAS) proposal to ban token lending by cryptocurrency companies to retail customers.
• The BAS argued that such incentives should be regulated rather than banned and proposed that they could be designed as „gifts that are not linked to financial purchases.“
• Singapore has also called for restrictions on cryptocurrency companies lending or using their coins to generate yield.

The Blockchain Association of Singapore (BAS) has recently pushed back on the proposed prohibition by the Central Bank of Singapore, the Monetary Authority of Singapore (MAS), on token lending by cryptocurrency companies to retail customers. The BAS argued that such incentives should be regulated rather than banned, and proposed that they could be designed as „gifts that are not linked to financial purchases“.

The MAS had proposed to ban token lending by cryptocurrency companies to retail customers as part of an effort to ensure consumer protection. The BAS, a significant cryptocurrency lobby group, however, believes that the decision would be overly restrictive and would require retailers to obtain funding from unregulated cryptocurrency firms. It also argued that lending tokens could provide funds for customers and pointed out that the interest rates on digital payment tokens can be attractive.

In addition to the proposed prohibition on token lending, Singapore has also called for restrictions on cryptocurrency companies lending or using their coins to generate yield. This would mean that individuals would not be able to take out loans to purchase tokens. The BAS agreed that there should be some limitations on individuals borrowing money from companies to buy cryptocurrency, but it opposed the complete ban on lending.

The Blockchain Association of Singapore has therefore urged the MAS to consider their alternative proposals and to ensure that their regulations are not overly restrictive. They believe that the proposed regulations should be designed to protect consumers from the potential risks associated with cryptocurrency trading, but should also take into account the potential benefits that the technology can provide.

Overall, the MAS’s proposed regulations are aimed at protecting consumers from fraudulent activities, but the BAS believes that its proposed alternatives could also provide consumer protection without overly restricting the cryptocurrency industry. It will be interesting to see what the MAS’s final decision will be and how it will impact the cryptocurrency industry in Singapore.

Bitcoin Profit Erfahrungen – Ethereum überholt Bitcoin Cash in Price

Zum ersten Mal seit Dezember 2018 ist der Preis von Ethereum über Bitcoin Cash (BCH) gestiegen, das mit rund 18 Millionen Münzen ein weitaus geringeres Angebot auf 111 Millionen Eths aufweist.

Bitcoin Profit Erfahrungen – Darüber hinaus hat BCH das Ethereum bei der Marktkapitalisierung einmal überholt, aber jetzt ist sogar sein Preis knapp unter eth, wie oben zu sehen ist

Der Grund ist wahrscheinlich eine Kombination aus BCH-Schwäche und einem Wiederaufleben von Eth, da die Codierer, die in den letzten zwei Jahren mit dem Bitcoin Profit beschäftigt waren, nun beginnen, Dinge auf Ethereum zu starten.

An der BCH-Front hat die Münze wohl nie den Wechsel von Bitcoin Profit oder seiner eingeschränkten Kapazität zu Bitcoin vollzogen, wie sie es nach dem Kettenspalt vom 1. August 2017 behauptet hatten und immer noch behaupten.

Stattdessen scheinen jetzt sogar die BCH-Entwicklerteams sehr gespalten zu sein, was sich diese relativ kleine Community nicht leisten kann, zumal sie bereits Ende 2018 einen eigenen Kettenspalt gesehen hat

Ob BCH nun ein Comeback erleben wird, ist nicht klar, aber eth sieht derzeit wohl eines mit diesem Raum, das wieder zu Recht den Titel des dynamischsten und innovativsten Umfelds beanspruchen kann .

Bitcoin Era Erfahrungen – Omise (OMG) Eltern SYNQA sammelt 80 Millionen US-Dollar, um seine Blockchain- und Fintech-Expertise zu stärken

Omise (Oh mein Gott) Die Muttergesellschaft Synqa sammelte 80 Millionen US-Dollar, um ihre Arbeit in digitalen Währungen und Finanzdienstleistungen zu verstärken, teilte das Unternehmen am 22. Juni mit.

Bitcoin Era Erfahrungen – Bereitstellung von Mitteln für Finanz-Apps

Wie per TechInAsiaSynqa sammelte die Mittel über Sparx über letztere Mirai Creation Fund II Das konzentriert sich ausschließlich auf Projekte mit einem innovativen Geschäftsmodell unter Verwendung „neuer“ Technologien.

An der Runde nahmen unter anderem Toyota Financial Services, die Sumitomo Mitsui Banking Corporation, SMBC Venture Capital und Aioi Nissay Dowa Insurance teil.

Synqa mit Sitz in Bangkok wurde 2015 gegründet und ist die Muttergesellschaft des Zahlungsantrags Omise. Letzteres fungiert als E-Wallet-, Akzeptanzschnittstellen-, E-Wallet- und grenzüberschreitendes Überweisungstool, ist jedoch möglicherweise am bekanntesten für sein blockchain-basiertes Geldtransfer-NetzwerkOMG-Netzwerk, früher bekannt als Bitcoin Era.

Derzeit werden die Mittel zur Erhöhung des Tech-Stacks von Synqa eingesetzt, vermutlich um das Protokoll für Endbenutzer robuster und attraktiver zu machen.

Ein Teil der Mittel wird für eine neue Einheit verwendet, die speziell zur Deckung der Bitcoin Era Nachfrage des Unternehmensmarktes nach Fintech-Transformation gegründet wurde.

Investitionsaufschlüsselung

Die Investition in Höhe von 80 Mio. USD folgt früheren Finanzierungsrunden, insgesamt 20 Mio. USD durch institutionelle Investitionen und 25 Mio. USD durch den ICO von OMG.

Das Unternehmen sammelte 2016 17,5 Millionen US-Dollar von SBI Ventures und anderen und 2019 einen nicht genannten Betrag von der japanischen Bank Nomura. Interessanterweise haben beide Unternehmen seitdem mit anderen Kryptofirmen zusammengearbeitet SBIs Ripple-Partnerschaft ein starkes Unternehmen und Nomura Starten ein Bitcoin-Depotdienst letzte Woche.

Ein Synqa-Sprecher sagte, die laufende Covid-19 habe das Unternehmen veranlasst, seine Arbeitsweise anzupassen, wobei Synqa „das Worst-Case-Szenario für alle Unternehmen modelliert und wir seine Strategien ändern“.

Der Sprecher fügte hinzu:

„Obwohl dies eine große Herausforderung für uns ist, sehen wir viele Möglichkeiten, in einer Welt nach COVID-19 zu einer bargeldlosen Gesellschaft überzugehen.“

Toyota Geldbörse

Inzwischen ist ein Produkt der Omise Das Team wird eng mit der Toyota Wallet-App zusammenarbeiten, die Teil eines umfassenderen Vorhabens ist, Unternehmen bei der Entwicklung von End-to-End-Fintech-Produkten zu unterstützen.

In einer Pressemitteilung sagte Synqa, dass das Toyota Wallet, das vollständig von der Toyota Motor Corporation für das Inlands- und Auslandsfinanzierungsgeschäft verwaltet wird, die Blockchain-Technologie von Omise verwendet, um die Erweiterung des Inhalts von TOYOTA Wallet-Diensten, das White-Label und die globale Expansion zu beschleunigen. Die Veröffentlichung fügte hinzu:

„Durch die Fortsetzung der SYNQA-Studie zur Nutzung der Kette möchten wir unsere Fähigkeit, Kunden, die Toyota-Fahrzeuge besitzen, Lösungen anzubieten, weiter stärken.“