2 days ago • cryptodaily
Pomerium Secures $20 Million Angel Investment and got listed on Bitget
Singapore, Singapore, May 25th, 2023, ChainwirePomerium Pte. Ltd., a leading Web3 gaming studio, is proud to announce that it has secured a $20 million angel investment from an undisclosed investor. The funding will allow the company to expand its portfolio of blockchain-based games and drive innovation in the rapidly growing Web3 gaming industry."We are thrilled to have secured this significant investment from an undisclosed investor," said Kim CEO of Pomerium Pte. Ltd. "It demonstrates a strong belief in our team, our vision, and the potential of blockchain-based gaming to revolutionise the gaming industry. With this investment, we can accelerate our development, attract top talent, and bring new and exciting games to our users."Pomerium Pte. Ltd., founded in February 2022, has established itself as a leading innovator in the Web3 gaming space, with a portfolio of casual P2E games that leverage the security and transparency of blockchain technology. The company's games provide users with a unique and immersive experience, with ownership and control over their in-game assets including NFTs and utility tokens."We are proud of the progress we have made so far, and we are excited about the opportunities ahead. Our mission is to create the best Web3 gaming experiences for our users, and this investment will help us achieve that." said Kim.Pomerium is committed to advancing the Web3 gaming industry by delivering high-quality, innovative, and fun casual games that engage and delight users.Meanwhile, Pomerium has listed $PMG (Pomerium Ecosystem Token) on Bitget, a leading global cryptocurrency exchange. The listing, which occurred on May 4, 2023 marks a significant milestone for Pomerium as it seeks to expand its influence in the fast-growing blockchain gaming industry.Bitget, an exchange that adopted Proof of Reserve (PoR), has recently launched a $100 million Web3 fund to support promising Web3 projects in Asia. Pomerium's selection for listing on Bitget underscores the platform's strong reputation and potential for growth.About PomeriumPomerium is a Web3 multi-game platform that focuses on mobile games. Its unique token economy is designed to create a sustainable mobile gaming ecosystem, and its platform enables gamers to play games on mobile devices instead of being limited to PC or web browsers. Pomerium plans to expand its services and influence in the GameFi market in the coming years.For more information: Official website | Twitter | Telegram | Discord | DocsContactAllen [email protected]
4 days ago • cryptodaily
Bitget gets regulatory licence in Poland following impressive Q1
Cryptocurrency exchange Bitget continues to make strides towards becoming an industry leader by securing a regulatory licence in Poland. Adding to the Bitget momentum is its reserve fund growth which surged by $80 million during Q1 this year.
Bitget performs well in many areas
With a recent regulatory licence acquisition, Bitget has set new standards for compliance across the crypto landscape while assuring users of a commitment to transparency about their finances.
Bitget is also exceling with its remarkable reserve fund growth, which is testament to its strong financial management practices and user loyalty. This achievement signifies that the platform is financially stable while providing traders and investors with a sense of security they deserve when dealing with cryptocurrencies.
These moves should promote greater confidence among participants who seek out secure trading spaces. Bitget's emphasis on regulatory compliance speaks volumes about a dedication to providing secure trading options within the crypto market.
According to a report by CoinTelegraph, Bitget is also outperforming in other areas. Its futures trading volume grew by 27% over Q1 to reach $658 billion. In addition, the exchange now has 8 million registered users across more than 100 countries. Staff numbers grew over the same period from 1000, to 1300, with a further 300 openings currently advertised.
Driving Crypto Innovation
Bitget's achievement underscores the growing recognition and acceptance of cryptocurrencies within the traditional financial landscape, and its commitment to compliance and financial transparency sets an example for the industry, fostering a more secure and regulated environment for all participants.
User-Centric Approach
One of the key factors contributing to Bitget's success is its unwavering dedication to its users. The platform's continuous efforts to enhance the trading experience, provide top-notch security measures, and foster transparent communication have earned it a loyal and rapidly expanding user base. With this recent milestone, Bitget further solidifies its reputation as a user-centric platform that prioritises trust, reliability, and innovation.
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.
8 days ago • cryptodaily
Hong Kong crypto exchange seeks valuation of $1 billion
Hashkey Group, a prominent player in the cryptocurrency investment landscape, is embarking on an ambitious funding drive for a valuation of $1 billion.
Hashkey attempts to secure large funding
According to Bloomberg, sources familiar with the matter have disclosed that Hashkey is currently engaged in preliminary discussions to secure a substantial funding round ranging from $100 million to $200 million.
While the deal is steadily progressing, the specific details, including size and valuation, are yet to be finalised and remain subject to potential adjustments.
With a diversified portfolio spanning venture funding, asset management, and trading, Hashkey is among the many local firms striving to expand their customer base within Hong Kong's rapidly liberalising environment.
Hong Kong - a new financial hub
The government of Hong Kong has been diligently fostering the development of the digital asset sector as part of a broader endeavour to restore the city's reputation as a pioneering financial hub. As part of these efforts, the city is poised to enable retail trading of major cryptocurrencies on licensed exchanges like Hashkey, ultimately rejuvenating the local economy and reversing the previous talent exodus triggered by Covid-related restrictions.
At present, Hashkey and BC Technology Group Co.'s OSL bourse are the sole licensed operators in the field. However, prominent exchanges such as OKX and Bitget have expressed their intent to seek licensure under Hong Kong's new regulatory framework.
Hong Kong’s new found commitment to crypto businesses running out of the islands perhaps stems from the Chinese government’s rethinking of its strategy towards crypto. It might appear that China will use Hong Kong as a ring fenced testing ground for cryptocurrency technology, while keeping crypto out of the Chinese mainland, at least for now.
From next month, Hong Kong will initiate its new licensing regime which will allow retail investors to trade certain major cryptocurrencies such as Bitcoin and Ethereum.
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.
9 days ago • cryptopotato
Bitget Joins ‘Shark Tank of Web3’ Killer Whales as an Official Search Partner
[PRESS RELEASE – Please Read Disclaimer] As a search partner, the exchange will host a global campaign to procure talent for Killer Whales. Today, Bitget, a leading crypto derivatives and copy trading platform, is thrilled to announce its partnership with HELLO Labs, a web3 entertainment company, as the Search Partner for the highly anticipated show, […]
10 days ago • cryptodaily
Meme Coins For 100X ROI In 2023: Big Eyes Coin, Cage Beasts Shine Bright
Meme coins have gained attention as a distinctive phenomenon in the cryptocurrency realm, captivating audiences with their viral nature and community-oriented approach. Two meme coins, namely Big Eyes Coin (BIG) and Caged Beasts (BST), are generating significant interest in 2023. Big Eyes Coin's impressive presale success has created anticipation for its imminent launch on a reputable exchange. On the other hand, Caged Beasts stand out by using the metaphor of "Caged Beasts" to represent "Caged Liquidity," offering transparency and a firm commitment to security. Both Big Eyes Coin and Caged Beasts exemplify the potential and ingenuity that meme coins bring to the crypto space, captivating investors and enthusiasts alike.
Big Eyes Coin’s Big Launch
Big Eyes Coin has generated substantial buzz in the cryptocurrency realm, amassing an impressive $38.5 million during its presale. As the presale deadline of June 3rd approaches, the team is diligently preparing for the highly anticipated launch of $BIG on a renowned CEX. While the specific exchange remains unconfirmed, speculation within the crypto community suggests possibilities such as Binance, Kucoin, and OKX.
The ambitious six-month exchange roadmap of Big Eyes Coin includes listings on various platforms like Gate.io, Bitget, BKEX, MEXC, and more. Demonstrating the team's unwavering commitment to growth and progress, this roadmap provides investors with compelling reasons to participate before the launch.
Beyond establishing a presence in the cryptocurrency market, Big Eyes Coin is also venturing into the realm of non-fungible tokens (NFTs). Currently in development is their exclusive NFT collection, SushiCrew, featuring iconic cat characters synonymous with the project. These unique and highly collectible NFTs possess distinctive characteristics and traits, strengthening the project's brand and creating additional revenue streams for the community. Positioned to capitalize on the growing NFT market, Big Eyes Coin solidifies its position as a significant player in the crypto space.
The Cage Beasts Roadmap: Plot, Pre-sale, Release
Caged Beasts (BST) introduces a captivating metaphor of "Caged Beasts" to represent "Caged Liquidity," setting it apart from other community tokens. Beyond caged liquidity, Caged Beasts aims to revolutionize the finance industry through decentralization, liberating individuals from the feeling of being confined. With 75% of funds dedicated to liquidity, it embraces a decentralized system, empowering the community.
Additionally, 25% of funds are allocated to the marketing wallet, highlighting the importance of substantial investments for establishing a prominent presence. Active engagement within the community is encouraged, offering exciting activities, competitions, bonuses, events, voting mechanisms, and exclusive announcements, including NFT releases.
The Cage Beasts roadmap unfolds in three stages: The Plot, The Pre-sale, and The Release. In The Plot, social channels are established, a website is set up, a token audit is conducted, and KYC checks and locked wallets are verified. The Pre-sale stage includes launching the website and social channels, initiating PR activities, releasing NFTs, organizing engaging stunts, fostering an active community, and making charitable donations.
The Release stage will mark a significant leap in securing a listing on a reputable exchange, conducting final testing, holding an awareness event, releasing tokens, running advertising campaigns, adding liquidity, unveiling final NFTs, bridging to more chains, and seeking additional exchange listings. The roadmap aims to revolutionize the cryptocurrency industry by creating a decentralized ecosystem that challenges traditional finance norms.
While this may be the last chance to invest in Big Eyes Coin at the presale price, one must look forward to securing a spot in the upcoming Caged Beasts presale and receiving timely updates. All you have to do is sign up with your email at the bottom of the page. Don't miss out on these two limited-time opportunities that can turn your crypto journey around.
For All Things Caged BeastsWebsite: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
10 days ago • cryptodaily
Countdown For Big Eyes Coin Begins: Cryptocurrency Launch, BIG Things Are Coming
The cryptocurrency market has grown in leaps and bounds since it first began. With the induction of the first cryptocurrency, there was an atmosphere of innovation and advancement as it ushered in a pathway and a glimpse into the future of finance.
Since then, we have had many coins rise and fall, some being completely obliterated by the competitive nature of the market. However, the latest innovation in the market is that of meme-coins, like Dogecoin and Shiba Inu, which bring about a light-hearted nature to the normally serious demeanor of the industry.
Big Eyes Coin (BIG) has become a force to be reckoned with since last year with its speedy growth, sublime rewards system, and grand community of investors. The platform has shown great potential with everything they have done, and as they prepare to launch in less than a month, the next six months seem like an exciting time for the community.
Big Eyes Coin has a range of products and services in store for investors and loyal users, as well as easily accessible tokens which are to be listed on popular exchanges.
New Journey, New Rewards
Big Eyes Coin has worked diligently to deliver the best quality products and services to its community of users and investors. During the ongoing presale, the platform has a wide variety of profitable opportunities. From the loot boxes to NFTs to bonuses, Big Eyes Coin did not shy away from rewarding its clientele in the best of ways.
In the next six months, Big Eyes Coin community members can look forward to a Big Eyes Coin Casino, which will have over 4,000 games and a variety of Play-to-Earn (P2E) games that come with their rewards. The casino will be fully operational in August, and users can play using only $BIG, which will likely reduce the supply of tokens on exchanges.
Now is a fantastic chance to earn tokens during the current presale and build up your Casino Kitty. Buy your tokens now using the code END300 for a 300% bonus and avoid scarcity!
BIG Plans For Exchanges
When a cryptocurrency is listed on an exchange, it is the same as being picked up by a record label to being starred in a big movie - it brings about recognition and credibility to the brand. This is the next step for Big Eyes Coin because the platform wants to develop a larger community of investors through visibility, authenticity, and accessibility. The best way to do so is through exchanges.
Big Eyes Coin plans to launch on several exchanges, possibly starting with Tier 1 Exchange and Uniswap and including Bitget, CoinEx, BitMart, Deepcoin, and Gate.io, to name a few. This will ensure that Big Eyes Coin maintains a steady level of growth and can gain access to a wider and possibly global market.
Altogether, the months following the launch are bound to be some of the most exciting times for both Big Eyes Coin and the community. Although Big Eyes Coin is going to be now on the market, it is speculated to be a solid competitor for Dogecoin and Shiba Inu based on how well it performed during the presale. Once the launch happens, Big Eyes Coin will face an exhilarating phase of growth, one that will be most profitable for both the platform and its investors.
For More on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Opensea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days ago • cryptodaily
Exciting Future For Big Eyes Coin As Its Presale Nears An Enthralling Finish
The big development in cryptocurrency in 2023 seems increasingly likely to be the trajectory of Big Eyes Coin (BIG). As it closes out an impressive presale with one final special offer for investors not wanting to miss out, it’s outlined a six-month roadmap charting its course to the crypto stars as it looks to become the biggest meme coin of them all.
In this article, we will look at all the reasons to be excited about Big Eyes Coin and also discuss how it compares to Floki Inu (FLOKI) and ApeCoin (APE).
Big Eyes Coin’s Six-Month Roadmap Gives a Lot to be Excited About
Big Eyes Coin is making waves in the crypto world as it approaches the conclusion of its presale on June 3rd. The cat-themed meme coin has already generated an impressive $35 million in sales, leaving its rivals in awe. Offering a generous 300% bonus on all purchases with the code END300 until the end of its presale, Big Eyes Coin has utilised innovative methods to create and develop a strong community of investors.
The coin's success is due in part to its savvy use of social media, which has helped foster an inclusive atmosphere and promote its presale. Big Eyes Coin has employed a variety of strategies to boost earnings, such as offering loot boxes and time-limited bonus deals with bonus codes.
Looking ahead, Big Eyes Coin has already outlined its plans for the future with a six–month roadmap to becoming a major force in the meme coin market, allowing it to challenge bigger and more established coins. To kick things off, the coin will be listed on Uniswap's (UNI) DEX on June 15th, with a potential CEX launch on Binance BNB (BNB) also in the works.
Over the next half-year, Big Eyes Coin has plans to list on several other exchanges including Gate.io, Bitget, BKEX, LBank, Deepcoin, and more. These listings will provide greater accessibility and exposure to the coin, attracting new investors and bolstering its position in the market.
By pursuing a multi-pronged approach to listing, Big Eyes Coin is positioning itself for long-term success in the meme coin market. The coin's development team is confident that these strategic moves will allow it to compete with other popular meme coins and capture a significant share of the market.
As part of its roadmap, on August 29th, it will launch its Big Casino, a gaming platform where users can win using BIG tokens. This exciting development is expected to further fuel demand for the coin, which is already being touted as a potential market leader once it goes live.
As a young project with impressive presale numbers, Big Eyes Coin is poised to make a big impact in the world of meme coins. Its unique approach to community building and innovative use of social media makes it a compelling choice for investors looking to capitalise on the latest fintech trends.
How Will It Compare to ApeCoin?
ApeCoin is a decentralised cryptocurrency that aims to provide a safe and secure platform for its users and has implemented several features whilst operating on the Ethereum network.
Its community is known for being very active and supportive with its team providing regular updates and engaging with its users. ApeCoin’s ecosystem is widely regarded; its NFTs have been very successful and it has a reward system that innovatively encourages users to hold their tokens which can fuel demand for the APE currency.
Floki Inu is Powered by Its Incredible Community
If there is a coin that BIG can learn from it’s Floki Inu. As a fellow community-driven meme coin, it’s grown in popularity recently. It operates on the Ethereum network and has a fascinating ecosystem that includes a diverse range of fascinating features.
The ecosystem comprises its Valhalla Play 2 Earn metaverse, its hub for DeFi projects known as FlokiFi, an NFT and merchandise marketplace called Flokiplaces. In addition, it includes its University of Floki which offers a richly detailed crypto education platform. There is reportedly a total circulation of 8.9 trillion FLOKI tokens with a maximum supply of 20 trillion and a market capitalization of $335 million.
At the forefront of Floki Inu’s sharp ascent is its ardent community known as the Floki Vikings.
For more information on Big Eyes Coin (BIG), please see below:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days ago • cryptodaily
Big Eyes Coin Presale Ends Soon: Pur-ry Before 300% Bonus Of-fur Lapses!
Big Eyes Coin (BIG) and its presale campaign is nearly coming to an end. However, this doesn’t mean that their journey is finishing. In fact, things are just getting started! They’ve outlined an exchange roadmap, which includes exciting launches! It’s important to look back at what Big Eyes Coin represents, what it’s achieved in its journey, and what lies ahead for the six-month exchange roadmap!
The realm of cryptocurrency is diverse and vast, with a plethora of coins in circulation. Meme coins are a particular type that has gained massive popularity and investment in recent times. One such meme coin is Big Eyes Coin, which stands out in the market due to its environmental focus. The coin has garnered a strong presence among investors as it follows a proof-of-stake consensus mechanism, which makes it eco-friendly, unlike other coins that require intensive mining processes.
Big Eyes Coin has a unique approach to environmental conservation, which has attracted many investors. The coin supports charitable causes, and a portion of its holdings goes towards organisations that aim to protect the ocean, which has become increasingly important in light of climate change. The emphasis on preserving the environment sets it apart from other meme coins and has led to high hopes and expectations from investors.
One of the reasons why Big Eyes Coin is gaining traction is because of its successful presale campaign. The presale campaign has raised an impressive $34.5 million, a cat-tastic achievement. Investors who are looking to be a part of Big Eyes Coin's community can also purchase the Sushi Crew series of Big Eyes NFTs. These NFTs feature adorable cats and offer early access to forthcoming events and product releases.
The Rewarding Offer and Upcoming Exchanges
To incentivise investors further, Big Eyes Coin is currently offering a 300% bonus on purchases until the presale expires on June 3rd. To avail of this incredible offer, investors can use the code ‘END300’. With all these exciting developments, it's no surprise that Big Eyes Coin has become a buzzword in the world of cryptocurrency. Its unique approach to environmentalism, coupled with its innovative features, make it a promising investment option for those who want to make a positive impact while also making a profit.
The six-month exchange roadmap looks to bring Big Eyes Coin to the top of the meme coin market, competing with the likes of Dogecoin (DOGE) and Shiba Inu (INU). The CEX is yet to be announced but Big Eyes Coin will be on Uniswap’s (UNI) DEX on June 15th! There’s a possibility that the CEX could be launched on Binance BNB (BNB)! Exciting things to come for Big Eyes Coin. Over the six months, they will be listed on exchanges such as Gate.io, Bitget, BKEX, LBank, Deepcoin and many more! Stick around for these next six months to not miss the launch of these excellent exchanges.
In conclusion, the upcoming six-month exchange roadmap promises exciting launches, including Uniswap's DEX and potentially Binance BNB's CEX. Investors can look forward to the development of Big Eyes Coin and its potential to compete with other meme coins. With all the exciting developments, it's clear that Big Eyes Coin is a promising investment option for those who want to make a positive impact while potentially making a profit.
For more on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
Medium: https://medium.com/@BigEyesOfficial/big-eyes-big-news-6-month-roadmap-for-exchanges-future-development-df49a24c06fe
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
30 days ago • cryptodaily
Bitget To Support AI Developer Fetch.ai With $10 Million Injection
Bitget — the largest global copy trading platform, ranked 8th on Coingecko by trading volume, is pledging up to $10 million to the development of the Fetch.ai blockchain-based artificial intelligence and machine-learning platform after signing a partnership agreement. The statement highlights that the funds will be directed at the future growth of the promising startup, with options for listing of promising projects launched within its ecosystem on the native Bitget Launchpad.
The blockchain sector is becoming the next arena for the deployment of AI-based solutions, which have stormed the global digital industry with the successful launch of OpenAI’s ChatGPT model. Among the leading companies in the blockchain space developing such neural network solutions is the Fetch.ai startup – an ecosystem comprising a number of modules leveraging decentralized AI agents.
The services Fetch.ai offers include AI-facilitated trading tools, decentralized machine-learning software, and an automated smart wallet supporting GPT model API integration. Other solutions provided within the Fetch.ai ecosystem include CLI tools, indexer services, and a client library, allowing it to act as an off-chain bridge for traditional layer 1 blockchain networks for facilitating P2P interactions in a decentralized environment.
The strategic partnership with Bitget and the $10 million pledge come as the exchange launched a fund dedicated to supporting promising startups that foster a positive approach towards blockchain on the part of global users. The Bitget team will be providing consultations on marketing to Fetch.ai in an effort to ensure higher exposure before potential partners. Projects deploying on the Fetch.ai infrastructure will also be eligible for listing on the Bitget Launchpad, with support for sales events and feature showcasing.
“We know value when we see it. Fetch.ai already consists of a host of functioning and applicable technological AI solutions that can have a real impact on the way businesses and individuals interact. That is the main reason we have decided to pledge our support to this promising startup and will continue to do so as we identify others in need of assistance from our dedicated fund. Blockchain progress is unstoppable, but it can be accelerated if we lend it a helping hand, which is what we at Bitget intend to do,” as Gracy Chen, the Managing Director of Bitget, commented regarding the announcement of the pledge.
The rising wave of hype surrounding AI-based solutions has permeated blockchain space as well, making such partnerships as the one between Bitget and Fetch.ai essential for maintaining the traction of technological development in the industry and related areas. Bitget is also interested in supporting such initiatives and startups, as it goes in line with its new expansion strategy that has already seen the exchange engage in corporate social responsibility projects with global brands in an effort to promote blockchain adoption and education to attract new audiences of users.
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.
38 days ago • cryptodaily
Core DAO, Bitget, and MEXC Team Up To Launch $200m Ecosystem Fund
The three prominent crypto firms have teamed up to open possibilities for new blockchain layer-based liquidity and staking solutions.
Core DAO, which develops the Satoshi Plus ecosystem, announced details of the $200 million Ecosystem through a press release shared to leading crypto news and media organizations. According to the press release, the initiative is aimed at expediting the growth of decentralized applications (dApps) and protocols being built and designed on the Core layer-1 blockchain.
The Satoshi Plus consensus mechanism powers Core, a Turing-complete blockchain that makes use of both the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM). Satoshi Plus works by applying a protocol-driven validator election mechanism, combining features from both Proof of Work and Delegated Proof of Stake. The Core blockchain runs as an independent Web3 layer.
Core DAO's partnership with Bitget and MEXC entails provisions for supporting early-stage projects in key areas of blockchain research and development. The fund will also support growth initiatives in terms of recruitment, marketing, as well as community-building programs which are all essential to fostering a balanced blockchain-based ecosystem.
“Core DAO has always prioritized creating the highest quality technology in the blockchain industry versus being the ‘first’ or the ‘fastest’ to do something. That's why our Ecosystem Fund will incentivize projects for their ability to both deliver value and sustain success," shares Rich Rines, Initial Contributor at Core DAO.
Bitget, a crypto derivatives exchange and strategic partner of the Ecosystem Fund, has also recently launched a $100 million Web3 fund targeting crypto projects in Asia. The exchange aims to allocate funds to Web3-compatible venture firms and projects worldwide, with a primary focus on experienced Asian teams with clear roadmaps addressing real-world issues.
Gracy Chen, Bitget's managing director, highlighted the rapid evolution of the Web3 landscape during the Web3 fund launch. She emphasized the need to support promising projects that can drive its development and establish it as a global phenomenon akin to Web2.
"We have to keep in mind that the purpose of blockchain is to link the real world with Web3 space, and that is exactly what we are promoting with this partnership and our support to the ecological fund," Chen shared."
Chen underscored that the Bitget Web3 fund's primary goal is to identify projects with the most potential to advance this transformation. Bitget will be listing Core projects. The exchange will also be opening a new Core Trading Zone on Bitget, alongside a proposed (work-in-progress) integration for the BitKeep wallet. Bitget has also disclosed plans of becoming a node validator for the Core network, placing support for Core staking on its crypto exchange platform.
Unlike its industry counterparts that rely on grant-based systems, the Ecosystem Fund by Core DAO incentivizes each project to achieve pre-agreed, customized benchmarks offering tangible value to the Core community. This approach avoids the requirement for projects to commit to building on a specific protocol to receive financial support.
MEXC, the other strategic partner of the Ecosystem Fund of Core DAO, is a cryptocurrency trading platform offering users access to various digital assets and trading features, including spot and margin trading, derivatives trading, and staking services. The MEXC platform has over 10 million users across 170 countries. According to the latest details shared by Core DAO, MEXC will be enhancing Core's accessibility and security, providing a user-focused crypto experience through its native staking services, which will be made available for CORE tokens.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.
Core DAO has shared the following disclaimer on the legal status of $CORE tokens:
"CORE tokens are only available to persons outside of the United States, Canada, and non-OFAC sanctioned countries. Each recipient shall determine which laws, rules and regulations are applicable and shall undertake all necessary efforts to comply with all such obligations. Core and its affiliates make no representation of the legal status of CORE under any jurisdiction."
48 days ago • cryptodaily
Crypto Weekly Roundup: Binance Denies Red Notice And More
It has been an exciting week in crypto, as the charts have been picking up. Dogecoin’s mid-week spike due to the temporary Twitter mascot change has affected other cryptos as well, boosting prices across the board. Let’s find out more.
Bitcoin
Russia’s crypto mining generating capacity rose to 1 gigawatt in Jan-Mar 2022, making it the second biggest crypto miner in the world, just behind the U.S.
Binance announced earlier this week that Argentinians can now buy crypto directly with the Argentine peso.
Swiss Government-owned PostFinance Bank has stated that it would offer its customers various regulated crypto services.
One of the world’s largest peer-to-peer cryptocurrency exchanges by trading volume, Paxful, has announced that it is shutting down its operations.
Ethereum
Leading blockchain security auditing firm DeDaub has uncovered a Solidity compiler bug that affects function equality and provides insight into its mechanics and planned resolution.
Ethereum re-staking protocol EigenLayer has initiated its testnet launch, aiming to establish a decentralized marketplace.
After huge backlash from the community and token holders, Ethereum Layer-2 solution provider Arbitrum has backtracked on its proposed governance voting system.
In a recent post, Ethereum co-founder Vitalik Buterin delved into the potential integration of zero-knowledge Ethereum Virtual Machines at Ethereum's base layer, which could expedite the verification process without sacrificing decentralization and security.
DeFi
In a big blow to Canadian users, dYdX announced that its decentralized derivatives exchange would no longer be accessible to users in Canada.
After an arguably arduous back and forth with the threat actors of its exploit, Euler Finance has revealed that the recoverable funds worth roughly $31 million have been returned safely.
Altcoins
Ultra has announced that its Ultra Games Store will go public on 25 April, resulting in a 40% spike in the price of its $UOS token.
The familiar Twitter mascot has been replaced for the time being, with the Dogecoin logo taking its place, resulting in a 20% hike in its price.
Technology
Solana has recently announced the introduction of state compression technology to significantly reduce the storage costs associated with NFTs on its network.
A new proposal attempts to introduce ZeroSync, a privacy implementation for the Bitcoin blockchain-based zero-knowledge proof (zk and/or ZKPs) stacks.
Business
China's only regulatory-compliant public blockchain, Conflux, has submitted a proposal to deploy Uniswap v3 on its network following the expiration of the Uniswap v3 code license.
Tech entrepreneur and serial crypto investor Evan Luthra has accused Bitget, a leading cryptocurrency exchange, of being involved in a widespread scam.
Dragonfly Capital has announced a $10 million strategic investment in the derivatives exchange Bitget.
The stablecoin provider, Tether, has been accused of accessing U.S. financial system through the Signature Bank.
Many crypto investors in the U.S. are struggling to figure out how to pay their taxes and, as a result giving up and failing to file.
Regulation
The Department of Justice announced that it seized $112 million worth of digital assets found to be related to cryptocurrency scams.
Binance's derivatives license has been revoked by ASIC, affecting the crypto exchange's operations in Australia.
The Binance crypto exchange has denied rumors of its CEO Changpeng Zhao (CZ) being served with the infamous Red Notice by Interpol.
Elon Musk is facing a staggering $258 billion racketeering lawsuit as Dogecoin investors accuse him of running a pyramid scheme to boost the cryptocurrency.
NFT
An unreleased song by the late iconic musician David Bowie has recently been transformed into a music NFT by Gala Music.
Former President Donald Trump’s arrest in New York City has resulted in renewed interest in his NFT collection, with sales quadrupling in volume.
OpenSea has announced the launch of OpenSea Pro, a marketplace with advanced features aimed at the growing market of professional NFT traders.
Security
Citing North Korea's "unlawful weapons program and "malicious cyber activities," Seoul, Washington, and Tokyo reiterated the 2017 UN resolution to send back North Koreans working abroad.
The attack that targeted the DeFi lending platform, Sentiment Protocol, has siphoned funds in the $500,000 to $1 million range.
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.