1inch(1INCH)

American-based Web3 companies and cryptocurrency exchanges could be pushed to move offshore following enforcement actions against Coinbase and Binance.US.

At some point in every trader’s journey, the concept of portfolio diversification becomes a mainstay. It’s a mandatory lesson for life if you’re interested in having the best shot at success and having that elusive result only a small portion of traders end up having – more profits than losses. In today’s world of high inflation, increasing interest rates and strained geopolitical tension, opening positions across a variety of different asset classes is more important than ever. The Exness Trade App makes this task seamless and convenient. As a one-stop-shop platform, the app offers the entire A-Z trading journey, from sign-up to withdrawal. More importantly, it offers a diverse range of instruments, including a bountiful selection of cryptocurrency CFDs alongside the more traditional markets. Unlike some other trading apps on the market, Exness Trade provides a comprehensive trading experience for anyone looking to put their eggs in as many baskets as possible. Why having the crypto trading option matters Exness opens the door to the next level of portfolio diversification – the ability to spread your capital across a very wide range of crypto prices against the USD, Gold, the Aussie Dollar, and more. Exness Trade App gives access to all of the broker’s cryptocurrency products through its MT5 trading accounts. That means you can trade the price of 25+ crypto CFDs on offer against the US Dollar – from the biggest market players in Bitcoin, Ripple, and Ethereum to the lesser-known 1inch, Polkadot, and Elon Musk’s favorite Dogecoin. Exness is also one of the very few brokers who offer you the opportunity to trade Bitcoin’s price against metals like Gold and Silver. Beyond having access to such an impressive portfolio of cryptos, trading with Exness Trade App comes with a whole slew of features that can propel your crypto trading to new heights. Features for an immersive crypto trading experience What makes the Exness Trade App really stand out is the way it allows users to monitor and analyze their trading performance, as well as its customization capabilities. Since there is such a large collection of cryptocurrencies on offer, you have options to tailor your app experience so that you keep quick track of the cryptos you care about. For example, in the Performance section, you can analyze your overall trading history for instruments like BTCXAU, BTCUSD, DOTUSD, DOGEUSD, and ETHUSD in terms of profit and loss by looking at different time periods and time categories. Four different time periods – 7, 30, 90, or 365 days – and three different time categories – General period, Time intervals, or Data slices – help you perform a deep dive into your profitable and non-profitable historical crypto orders. Sifting through all the instruments in the app is made much easier by the three different ways you can view them: Favorites – you can tag any crypto instrument you’d like as a favorite, such as BTCXAU, DOTUSD, or DOGEUSD, and it will be grouped here. Popular – a category that is automatically updated based on the overall number of orders from all Exness traders. See how popular crypto trading is with other traders and adjust your strategy accordingly. Top movers – a list that is refreshed every time the app is loaded, featuring 10 instruments with the highest percentage of daily price changes (top five bullish and top five bearish). Keep an eye out for any big movers in the crypto market here. For the ultimate personalized experience, crypto traders can set up personalized push notifications on the Exness Trade App, as well as bid and ask price alerts, for specific cryptocurrency CFD instruments or events. Multiple alerts can be set up for a single instrument, such as BTCUSD or ETHUSD, and the app stores a history of your alerts until you decide to clear it. This way, you’ll never miss a minute of the crypto market action that you care about the most. Beyond these stand-out features, the Exness Trade App also offers more standard, but extremely useful, tools to help you navigate the crypto markets. Things like margin, swap, and spread calculators, economic calendars, trading signals, and the latest news help you hone your trading strategies, while different chart layouts, popular indicators, and the ease of setting up take profit and stop loss orders help to sharpen the technical side of your trades. Trading the more traditional markets for next-level diversification Besides cryptocurrency CFDs, the Exness Trade App also caters to traders interested in more traditional markets, or those looking to diversify their portfolio beyond just crypto assets. Users can access a vast array of CFDs in forex, metals, indices, energies, and stocks. Metals, for example, include a range from the most popular Gold vs. USD (XAUUSDm) with an extended swap-free option, to the rare Palladium (XPDUSDm) that you won’t find with many other brokers. This kind of versatility applies to all the other asset classes, allowing traders to capitalize on a multitude of opportunities across different market sectors and adapt their strategies according to changing market conditions. Exness has built an app that ensures a comprehensive trading experience, whether you’re a seasoned crypto trader, a beginning trader, or anyone in between. To learn more, visit https://www.exness.com/exness-trader-app/ and get all of the app’s specifics in the Apple App Store or Google Play Store. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Amsterdam, Netherlands, May 24th, 2023, ChainwireThe organizers of The Web3.Conference are celebrating a successful day-long event that brought together the industry’s leading lights. Held in Amsterdam on May 19th, the annual event from the AroundB team discussed hot topics and gathered industry insights from Web3 experts.With more than 20 speakers, four panel discussions, and six startup pitch sessions during seven hours, the agenda contained something to suit every guest. Mark Eid from Qlindo, the main sponsor of the event, spoke about green real estate and renewable energy investment opportunities. The subject of how to invest in Web3 was continued by a lively panel discussion between Rachel Pipan (Maneuvre), Nick van der Heiden (Hodl), Sofia Chikara (4wrdtech), and Sandro Potenza (Global Coin Research).Nirmala Shome’s (The Fabricant) speech was dedicated to Web3 fashion and its possibilities. The future of Web3 identity and social networks was covered bySharon Sciammas (W3B Lab) as well as panel participants Gijs Ertemann (Secret Network), Joonatan Lintala, (Phaver), Sharon Sciammas (W3B Lab), Nico Gallardo (Troop Labs), and Sara Anna Mamel (KILT Protocol).An intense panel discussion titled “The Role of NFTs and the Metaverse in Web3” was conducted by Nishera Sachdev from Luna PR, Lianna Adams (Web3/NFT GTM Advisor), Cosmin Gafta (YOM), and Mickelle Weber (House of Peregrine). The topic “Metaverses as Jurisdictions” was led by James Haft (DLTX), while the section “Web3 Infrastructure: Building DAOs” was supported by Philippe Honigman (Mangrove DAO), Jamie Holmes (Perpetual Protocol), Soumaya Erradi (Scaling Parrots), Vincent Plaisier (The Graph AdvocatesDAO), and Ben Hoelzl (FTW DAO).One of the special panels was dedicated to startups that presented their future-proofed vision: TrueBlocks, Rail, Ping, Tribal.market, Tide, Aidonic, and 1inch hardware wallet.Natalie Gavrilenko, AroundB CEO, said: “Thank you to everyone who attended. The AroundB team is grateful for every participant at The Web3.Conference. The goal of the event was to bring together people from different countries, with their own vision of the Web3 future, to share their thoughts with the audience, and make our own impact on the Web3 development industry.”The Web3.Conference was held in Felix Meritis, known for its winning design by the architect Jacob Otten Husly. He built it for a new society called Felix Meritis that was established in 1776 for Music, Drawing, Physics, Commerce and Literature in the modern neo-classical style.AroundB thanks the main sponsor of the event Qlindo that bridges the gap between blockchain and green real estate investment opportunities, paving the way to a sustainable future, and thanks all the participants, speakers, and media partners for making this event happen.ContactPR ManagerMaria [email protected]

Financial infrastructure firm Stripe has announced expanded access to its crypto on-ramp by introducing a new hosted option for Web3 companies, making it easier for US-based customers to purchase cryptocurrencies. The fintech firm has been actively expanding its initiatives in the crypto and Web3 space to provide better financial infrastructure for businesses and facilitate the adoption of cryptocurrencies and blockchain-enabled experiences. The fiat-to-crypto on-ramp service is designed to address the "cold start problem" faced by Web3 companies, which refers to the initial barrier faced by companies offering cryptocurrency and blockchain-enabled services when their customers do not have the required cryptocurrencies in their wallets to carry out transactions. Such an issue often arises because many potential users are unfamiliar with cryptocurrencies or do not possess any at the time they want to engage with Web3 services. Consequently, these users may find it challenging to start using the services, which in turn, hinders the adoption and growth of the Web3 ecosystem. The new hosted fiat-to-crypto on-ramp addresses this challenge by allowing customers to purchase cryptocurrencies at the exact moment they need them, streamlining the process of acquiring and using cryptocurrencies for Web3 services. This on-ramp allows U.S. customers to purchase crypto at the exact moment they need it, with two implementation options: an embeddable on-ramp that can be integrated into a website or app, and a Stripe-hosted on-ramp at crypto.link.com, available to all Web3 users. Stripe's on-ramp is designed to optimize conversion and authorization rates while ensuring compliance with KYC and regulatory requirements. The platform includes built-in fraud tools and identity verification to support companies in meeting these requirements. Stripe's infrastructure simplifies growth for businesses by enabling them to accept fiat globally, facilitate easy payouts with crypto (USDC), lower fraud, and ensure smooth onboarding. The company has partnered with various Web3 companies, including Brave, Safe, 1inch, and Lens Protocol, to integrate its fiat-to-crypto on-ramp, allowing them to focus on their core offerings while Stripe handles critical tasks. Guillaume Poncin, head of engineering for crypto at Stripe, stated that the on-ramp would handle various compliance-related tasks, such as conversion and authorization optimization, identity verification, and fraud prevention. Poncin claims that this will help customers use Web3 services quickly and safely by providing built-in fraud detection and identity verification tools have also been implemented to support companies in meeting Know Your Customer (KYC) and compliance requirements. The new fiat-to-crypto on-ramp offers a seamless and efficient solution for Web3 companies, allowing platforms to integrate for free while users cover the fees. With just a few lines of code, the on-ramp provides real-time quotes, automated KYC, and multi-chain support. It also features an embeddable widget that can be customized to match a company's brand. The on-ramp supports various payment methods, such as credit, debit, ACH, and Google Pay, and offers an array of cryptocurrencies like ETH, SOL, MATIC, BTC, and USDC on different networks. Notably, platforms have no fraud liability as Stripe handles all disputes and offers webhook generation for every status change within a session. Returning users may benefit from a 1-click checkout with Link, Stripe's consumer account infrastructure. This innovative solution is currently available in the US, excluding Hawaii, with certain limitations on specific currencies in New York and live mode only for MATIC, USDC (Solana), and USDC (Polygon). Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The decentralized-exchange (DEX) aggregator, which nabbed $175 million in a 2021 series B funding round, is one of the biggest protocols yet to launch on a zero-knowledge EVM (zkEVM).

1inch Network is the latest decentralized Finance protocol to deploy on Ethereum layer-2 scaling platform zkSync Era.

PostFinance Bank, a financial services firm owned by the Swiss Government, has stated that it would offer its customers various regulated crypto services. These services will be delivered thanks to a partnership with Sygnum Bank. Bitcoin And Ethereum Services For Clients According to the announcement by PostFinance Bank, the partnership with digital assets bank Sygnum will allow customers to access, purchase, and store cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). PostFinance Bank is Switzerland’s fifth-largest financial services company, with an estimated 2.5 million users. Speaking about the partnership, Sygnum Bank’s chief B2B officer Josh Fritz stated, “This partnership illustrates how digital assets are now an integral part of the financial landscape in Switzerland. In this sense, the PostFinance and Sygnum partnership represents an important and fully regulated step towards increased asset class adoption. Switzerland as an investment ecosystem offers a number of strategic advantages, including regulatory clarity for cryptocurrencies and off-balance sheet segregation of crypto assets, which eliminates credit risks.” PostFinance’s Chief Investment Officer Philip Merkt, releasing a statement about the partnership, stated, “Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank. A reputable and established partner like Sygnum Bank with an excellent service offering is more important than ever.” Sygnum Bank also separately announced the news of the partnership on its Twitter handle. Institutional Grade Staking The partnership between PostFinance and Sygnum also allows the former to provide other revenue-generating services, such as crypto staking. Staking refers to a process in which a user’s assets are locked for a specified duration to secure a blockchain and receive rewards in return. Currently, Sygnum’s staking services include Ethereum, Cardano (ADA), Tezos (XTZ), and Internet Computer (ICP). Fritz added, “Our continually expanding B2B offering, which currently includes 25 leading cryptocurrencies, including DeFi-focused, 60+ trading pairs, and four leading fiat currencies, is available for deployment by PostFinance on a flexible basis. Additional details about the token and staking offering roadmap will be communicated by PostFinance in the lead-up to launch,” Sygnum also launched custody and trading services for USDC and a number of decentralized finance (DeFi) projects and tokens. These include Aragon (ANT), Aave (AAVE), Maker (MKR), Synthetic (SNX), Curve (CRV), 1inch (1INCH), and Uniswap (UNI). Customers Demand Access To Crypto With cryptocurrencies and non-fungible tokens (NFTs) growing in popularity, customers of various banks have been demanding more exposure to these emerging asset classes. Customers at PostFinance have been no different. According to a spokesperson for PostFinance, the institution’s customers have long been demanding access to the crypto ecosystem. “Our analyses show that our customers want access to the crypto market. The past few months have shown that customers want more security, regulation, and trust. We can offer this. Our top priority is to offer trading and safekeeping within a secure framework for our customers and to ensure the highest level of regulatory compliance.” Crypto Adoption On The Rise Again The pivot towards crypto once again is not just occurring in Switzerland. In fact, countries across Europe are embracing the asset class, with several major developments taking place. Liechtenstein’s VP Bank announced that it is partnering with Metaco as recently as Tuesday. The partnership will allow it to provide tokenization and digital asset custody services to customers. DekaBank and DZ Bank, two of Germany’s largest banks, have also partnered with Metaco to provide crypto custody services to institutional clients. The Neobank N26 has also expanded its services to provide crypto trading services in countries such as Switzerland, Ireland, Germany, Portugal, and Belgium. Meanwhile, Bitcoin’s price has jumped by over 70% since the beginning of the year. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Dragonfly Capital has announced a $10 million strategic investment in the derivatives exchange Bitget. Bitget has been looking to grow both its earn and spot products and currently facilitates cryptocurrency derivatives trading with an open interest of $2.4 billion. A Strategic Investment To Support Expansion The news of the investment could not have come at a better time for Bitget, which had recently acquired a controlling stake in wallet provider Bitkeep. The firm invested $30 million in BitKeep, adding millions of users to its platform. BitKeep is Asia’s largest crypto wallet, boasting around 9.5 million registered users. Bitget is a Seychelles-based exchange that was founded in 2018 and has around 8 million users. The derivatives exchange primarily focuses on customers that are based in Asia, Latin America, and Europe. The exchange is best known for futures trading and was ranked among the top three derivatives exchange in a report by Boston Consulting Group. Since its inception, Bitget has grown to over 80,000 traders and 380,000 copy traders. Copy traders are those traders who sync their trading positions with traders through the use of automation. In 2023, the firm plans to expand its launchpad, spot trading, and Bitget Earn products. Bitget’s Expansion Plans Bitget will be looking to expand its product portfolio and intends to use the strategic investment by Dragonfly Capital towards the expansion of its spot trading and yield-generating products. It will also look to use the funds to help fuel the growth of its launchpad initiative. Bitget’s launchpad is designed to help early-stage token projects get up and running. Additionally, the investment from Dragonfly Capital will also be used towards global initiatives aimed at getting more people into the crypto ecosystem. In line with this initiative, Bitget has already struck deals with soccer superstar Lionel Messi and one of the leading clubs in Italy, Juventus. There are also plans afoot to conduct educational campaigns to help boost adoption. Speaking about the Dragonfly Capital investment, Managing Director of Bitget, Gracy Chen, stated, “Except for the cash inflow, what will benefit us more from the Dragonfly partnership is their crypto savvy and insights. Together, we will be able to discover more growth opportunities and contribute more to the sustainable growth of our industry.” Dragonfly’s Investment Portfolio The Bitget strategic investment is not the only one made by Dragonfly in the crypto space. The firm has also invested in several other prominent blockchain firms, such as 1inch, Polygon, and Matter Labs. Dragonfly had around $3 billion in assets under management in 2022 and is one of the most active venture investors in the crypto space. The platform had raised $650 million for its third fund as recently as April 2022. Are The Markets Stabilizing? The FTX collapse had a substantial negative impact on cryptocurrency derivatives exchanges. At the time of its collapse, FTX had facilitated $6.6 billion in contracts in a single day in trading volume, with an open interest of $5.1 billion. However, the markets have shown signs of life and have recovered to around $68.5 billion at the time of writing. This is in stark contrast to the $60.1 billion in December 2022, when the markets were at their lowest, according to data from CoinMarketCap. While the markets may have found some sense of stability following the FTX collapse, there are still a lot of issues facing the crypto ecosystem. One such problem is the increased regulatory scrutiny of major players. One example of this is the lawsuit filed against Binance by the Commodity Futures Trading Commission (CFTC). The CFTC, in its lawsuit, alleges that Binance onboarded nearly 2.8 million customers without registering with the correct regulatory authority. Binance faces scrutiny because, under US laws, the onus of due diligence before onboarding users falls on the seller. This is why it is unlikely that the alleged users could face any consequences for registering on the platform, but Binance would. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A proposed governance shakeup would greatly reduce the amount of voting power accumulated by core contributors, investors and other insiders.