Research Company Says H1 of 2024 Saw Crypto Heists Double to $1.38B

July 15, 2024 08:05:00

According to a report by TRM Labs, a blockchain research organization, hackers were able to double their Bitcoin haul in the first half of 2024 compared to the previous year. The report highlights that hackers swiped $1.38 billion worth of crypto between January 1 and June 24, significantly more than the $657 million stolen in the same timeframe last year. This surge in stolen crypto was largely driven by a few major heists, with the top five attacks accounting for 70% of the total amount taken.

TRM Labs identified seed phrase compromises and private keys as the primary methods used by hackers in 2024. A seed phrase, or a string of random words, is crucial for accessing or recovering…

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German Government’s $2B in BTC Holdings Making Investors Jittery

July 12, 2024 08:05:00

For the past few weeks, the government of Germany has been offloading a significant amount of Bitcoin, contributing to the crypto’s recent downturn. In June, the Federal Criminal Police Office (BKA) started selling Bitcoin, originally seized from a defunct movie piracy website, from a wallet they control. The BKA sold 900 Bitcoins last month, valued at around $52 million. Additionally, last week, the government sold 3,000 Bitcoins worth approximately $172 million, and just this Monday, another 2,739 Bitcoins were sold for about $155 million.

The German government has been transferring its Bitcoin holdings to various exchanges such as…

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CryptoNewsBreaks – MicroStrategy Incorporated (NASDAQ: MSTR) Recognized by BARC Enterprise BI & Analytics Report as Market Leader

July 10, 2024 14:26:24

MicroStrategy (NASDAQ: MSTR), a pioneer in artificial-intelligence (“AI”)-powered business intelligence, was named a Market Leader in the Business Application Research Center (“BARC”) Score: Enterprise BI & Analytics Platforms 2024 report for 2024. In addition, BARC ranked MicroStrategy highest in Portfolio Capabilities for the second year in a row; Portfolio Capabilities is one of two dimensions every vendor is evaluated on. According to the announcement, the BARC report pointed to several key strengths for MicroStrategy, including its single integrated platform for formatted reports, dashboards, analysis and analytics application building with good performance in large environments; the new AI tool, Auto, which leverages MicroStrategy’s Semantic Graph to ensure data security and integrity; its HyperIntelligence(R), which enables users to access contextual information with zero clicks across existing applications, productivity tools and devices; and dashboard that provide modern responsive and interactive applications which organize information in a familiar book-oriented, chapter-and-page format. “We are excited to see BARC highlight several of our unique and powerful intelligence capabilities in this year’s score report, such as HyperIntelligence, Auto and the Semantic Graph, all of which give our customers extraordinary flexibility, reliability and convenience to deliver trusted data where and when it’s needed,” said MicroStrategy vice president and go-to-market strategy lead PeggySue Werthessen in the press release. “We’re proud of our long heritage as an innovator delivering so many industry firsts while remaining independent and building our tightly integrated, cloud-native platform from the ground up, and we’re extremely gratified with our recognition by BARC as a Market Leader.”

To view the full report, visit https://ibn.fm/RY6JV

To view the full press release, visit https://ibn.fm/f9ADu

About MicroStrategy Incorporated

MicroStrategy considers itself the world’s first Bitcoin development company. The MicroStrategy software business develops and provides industry-leading, AI-powered enterprise analytics software that promotes the company’s vision of Intelligence Everywhere(TM). Its flagship cloud-native platform, MicroStrategy ONE, is trusted by the most admired brands in the Fortune Global 500 to drive business agility, efficiency and revenue. MicroStrategy also uses its software-development capabilities to develop Bitcoin applications. The company believes the combination of its operating structure, Bitcoin strategy and focus on technology innovation provides a unique opportunity for value creation. For more information about the company, please visit www.MicroStrategy.com.

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Court Rules That BNB Sales, Cryptos Aren’t Securities in SEC Case Against Binance

July 10, 2024 08:05:00

Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia recently ruled that secondary BNB sales and crypto are not securities offerings. This ruling marks a notable victory for Binance.US as several claims from the U.S. Securities and Exchange Commission (SEC) were dismissed, according to Binance’s announcement on July 2, 2024.

Binance stated, “The court found that the SEC did not prove that buyers in secondary market sales obtained BNB with an anticipation of gain, which is necessary for meeting the Howey test criteria.” The Howey test, established by the Supreme Court, is used to decide if a transaction is an…

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Sony to Open Crypto Business in Japan

July 8, 2024 08:05:00

The world of cryptocurrency has been buzzing with activity, and several major companies have joined this digital gold rush. One of the most recent entrants is Sony, the renowned Japanese conglomerate, which has taken a significant step through its acquisition of Amber Japan, a notable cryptocurrency company. This acquisition marks Sony’s official entry into the cryptocurrency exchange market.

Initially, the crypto company was known as DeCurret, a Japanese exchange. It was acquired in 2022 by Amber Group’s Japanese arm. Later, in August 2023, Quetta Web Co., a Sony subsidiary, took over the…

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Riot Platforms Withdraws Interest in Taking Over Bitfarms

July 8, 2024 08:05:00

In a surprising turn of events, Riot Platforms, Inc. (NASDAQ: RIOT), a digital mining and digital infrastructure company, has withdrawn its proposed takeover offer of $950 million for rival Bitfarms. Apparently, this move wasn’t completely out of the blue. It came just after the rival cryptocurrency mining company rejected Riot’s offer without any dialogue and adopted defensive measures against the unwanted acquisition. This defensive tactic is aimed at making it extremely difficult for Riot Platforms to acquire Bitfarms completely by diluting the value of its shares.

Riot Platforms had to step down from the takeover, but not entirely. This major player in the Bitcoin mining industry is planning to reorganize the Bitfarms’ board of directors by installing three independent directors. These directors include John Delaney, Amy Freedman and Ralph Goehring, who could potentially revive the acquisition plan in the near future.  According to Riot Platforms’ press release, good faith negotiations with Bitfarms are unlikely unless there is a change in the Bitfarms boardroom.

Following these developments, Bitfarms shares fell by 6.2% on the Toronto Stock Exchange and 6.1% on Nasdaq.

Initially, Riot Platforms aimed to acquire Bitfarms by paying for each share at $2.30, a move perceived as a hostile takeover. However, since Bitfarms rejected the offer, Riot Platforms tried to purchase more of its shares to pressure the shareholders.

Why all this? Riot Platforms holds a substantial stake in the company, 15% to be precise, meaning it has an influence over Bitfarm’s future.

Once a reconstituted board is in place, Riot Platforms plans to continue the discussions regarding the acquisition. To achieve this, Riot Platforms has requested a special meeting with Bitfarms shareholders to vote on the removal of chair and interim CEO Nicolas Bonta, director Andres Finkielsztain and any new appointee filling the board vacancy left by cofounder Emiliano Grodzk. Riot Platforms aims to reshape the board of directors to better align Bitfarms with its own strategic goals, both in the near and distant future.

In response to this move, Bitfarms appointed Fanny Philip to the company’s board of directors as an independent board member. Following her appointment, Bitfarms’ board now consists of five members, with four of them being independent. This move suggests that the company is taking a proactive approach to strengthen its position in the industry and potentially fend off Riot Platforms’ unwarranted advances.

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FBI Alerts Public About Phony Entities Promising to Redeem Lost Crypto

July 3, 2024 08:05:00

The FBI recently released a warning about a new tactic that scammers are using to further deceive victims of crypto fraud. According to the agency, these fraudsters are pretending to be lawyers from nonexistent law companies. They contact victims through messaging apps and social media, offering services to help recover their lost funds, with the real aim of swindling more funds or personal information from them.

According to the FBI’s warning, the con artists frequently assert that they are approved by the Consumer Financial Protection Bureau (CFPB), the FBI or other governmental organizations. Victims find these fake lawyers through fraudulent websites designed to look authentic and seek help to recover their…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Article Talks Rise of Exchange Markets, Reflecting ‘Market Demand for Innovation’

July 1, 2024 11:19:03

Upstream, a MERJ Exchange stock market and global trading app, is noting “a push towards more efficient, transparent markets that offer greater access to the everyday investor” in its most recent article. The article notes that while capital markets have traditionally included stock markets such as the New York Stock Exchange, NASDAQ, London Stock Exchange and Tokyo Stock Exchange, there has been an increase in next-generation exchanges, including the TXSE Group, a new national stock exchange based in Dallas. According to the article, the newly formed TXSE Group has plans to file for registration with the U.S Securities and Exchange Commission this year and is the most well-capitalized exchange entrant to file with the SEC, with more than two dozen investors with $120 million in funding. The article notes that, while TXSE is making headlines in the United States, Upstream is making waves on the global stage by also providing key advantages that differentiate it from traditional markets. Those advantages include T+0 trades and settlement, streamlined onboarding, modern funding methods and blockchain technology. “The exchange supports issuers with a robust media package that comes with [an estimated] $100K of IR value, a comprehensive dual-listing guide, press-release templates, social media and email copy, and additional marketing packages to increase visibility and attract retail investors,” stated the article. “This holistic approach not only simplifies the listing process but also helps issuers engage with a broader audience. The emergence of exchanges like TXSE and Upstream signals a market demand for innovation that pushes the industry forward. It’s exciting to see new players entering the field, offering solutions that cater to the needs of today’s investors for more efficient and accessible trading environments. We believe next-generation exchanges are set to revolutionize the way we think about and engage with capital markets.”

To view the full article, visit https://ibn.fm/WmI2h

About Upstream

Upstream is a MERJ Exchange market. MERJ Exchange is a licensed securities exchange, an affiliate of the World Federation of Exchanges, a National Numbering Agency and a member of ANNA. MERJ is regulated in the Seychelles by the Financial Services Authority, an associate member of the International Association of Securities Commissions (“IOSCO”). MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. For more information about the company, visit www.Upstream.Exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Article Talks Rise of Exchange Markets, Reflecting ‘Market Demand for Innovation’

July 1, 2024 11:14:57

Upstream, a MERJ Exchange stock market and global trading app, is noting “a push towards more efficient, transparent markets that offer greater access to the everyday investor” in its most recent article. The article notes that while capital markets have traditionally included stock markets such as the New York Stock Exchange, NASDAQ, London Stock Exchange and Tokyo Stock Exchange, there has been an increase in next-generation exchanges, including the TXSE Group, a new national stock exchange based in Dallas. According to the article, the newly formed TXSE Group has plans to file for registration with the U.S Securities and Exchange Commission this year and is the most well-capitalized exchange entrant to file with the SEC, with more than two dozen investors with $120 million in funding. The article notes that, while TXSE is making headlines in the United States, Upstream is making waves on the global stage by also providing key advantages that differentiate it from traditional markets. Those advantages include T+0 trades and settlement, streamlined onboarding, modern funding methods and blockchain technology. “The exchange supports issuers with a robust media package that comes with [an estimated] $100K of IR value, a comprehensive dual-listing guide, press-release templates, social media and email copy, and additional marketing packages to increase visibility and attract retail investors,” stated the article. “This holistic approach not only simplifies the listing process but also helps issuers engage with a broader audience. The emergence of exchanges like TXSE and Upstream signals a market demand for innovation that pushes the industry forward. It’s exciting to see new players entering the field, offering solutions that cater to the needs of today’s investors for more efficient and accessible trading environments. We believe next-generation exchanges are set to revolutionize the way we think about and engage with capital markets.”

To view the full article, visit https://ibn.fm/WmI2h

About Upstream

Upstream is a MERJ Exchange market. MERJ Exchange is a licensed securities exchange, an affiliate of the World Federation of Exchanges, a National Numbering Agency and a member of ANNA. MERJ is regulated in the Seychelles by the Financial Services Authority, an associate member of the International Association of Securities Commissions (“IOSCO”). MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. For more information about the company, visit www.Upstream.Exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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EU Bans Cryptocurrency Providers Working with Defense-Industrial Complex in Russia

July 1, 2024 08:05:00

European legislators have approved a 14th set of sanctions aimed at key sectors within the Russian economy, such as trade, finance and energy. These sanctions are intended to make it significantly harder to bypass existing European Union (EU) restrictions.

In a press release dated June 24, 2024, the EU Council announced that the recent package includes restrictive measures against an additional 116 individuals and entities allegedly responsible for activities that compromise or jeopardize the independence, sovereignty and territorial integrity of…

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Winklevoss Twins Give Trump Campaign $2M for His Crypto-Friendly Stance

June 28, 2024 08:05:00

Prominent crypto figures, the Winklevoss twins, have each donated $1 million in Bitcoin to Donald Trump’s presidential campaign. They have pledged their support for Trump in the upcoming November election, citing their belief that the Biden administration is hostile toward cryptocurrency.

Cameron Winklevoss expressed his support on X, praising Donald Trump as a probusiness, procrypto, and pro-Bitcoin candidate who would put an end to the Biden administration’s crackdown on cryptocurrency. Additionally, Tyler Winklevoss shared a long critique of President Joe Biden’s crypto policies and…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – BlockQuarry Corp. (BLQC), Hawkeye Industrial Services Partner to Deliver Unparalleled AI Solutions

June 27, 2024 14:10:20

BlockQuarry (OTC: BLQC), a leading Texas-based energy and infrastructure company, has announced a transformative strategic partnership with Hawkeye Industrial Services, a technology and engineering firm specializing in artificial (“AI”) computing and data processing. BlockQuarry and Hawkeye Industrial Services are partnering to convert the Missouri data processing site into a state-of-the-art AI computing facility, poised to lead the industry in high-performance AI operations and localized data processing solutions. According to the announcement, this partnership marks a significant expansion into AI computing for BlockQuarry, leveraging Hawkeye Industrial Services’ specialization in data center management and infrastructure optimization. “This strategic partnership with Hawkeye Industrial Services represents a pivotal moment for BlockQuarry. By combining our strengths and transforming the Missouri data processing site, we are set to deliver unparalleled AI solutions that will drive significant value for our stakeholders,” said Alonzo Pierce, President and Chair of BlockQuarry.

To view the full press release, visit https://ibn.fm/MMIG1

About BlockQuarry Corp.

BlockQuarry Corp. stands at the forefront of innovation in the U.S. energy and infrastructure sectors, passionately committed to advancing the implementation of carbon-negative industrial energy on a global scale. Specializing in the provision of green, sustainable, and economically viable energy solutions, BlockQuarry caters to industries with substantial power requirements, including data storage hubs, manufacturing, cryptocurrency mining and AI. Visit www.blockquarry.io to learn more about the company.

NOTE TO INVESTORS: The latest news and updates relating to BLQC are available in the company’s newsroom at http://ibn.fm/BLQC

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StanChart to Open BTC, ETH Trading Desk

June 26, 2024 08:05:00

StanChart is set to launch a spot crypto trading platform for Ethereum and Bitcoin, according to sources cited by Bloomberg. The multinational financial institution intends to launch a spot crypto trading desk that will oversee Ethereum (ETH) and Bitcoin (BTC) transactions.

The move is anticipated to serve the growing number of institutional clients that are interested in Ether and Bitcoin, and will function under the bank’s foreign exchange (FX) unit. StanChart mentioned in an email to Bloomberg that it has been collaborating closely with regulators to meet the demands of…

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Consensys Reveals SEC Ending Investigation of Ether

June 24, 2024 08:05:00

The U.S. Securities and Exchange Commission (SEC) is ending its investigation into whether Ether should be classified as a security. On June 19, 2024, Ether developer ConsenSys shared on social media that the commission’s Enforcement Division has closed its probe into Ether 2.0.

This decision implies that the commission will not pursue any legal actions that would categorize Ether transactions as securities deals. ConsenSys celebrated this development as a significant victory for the Ethereum community, including technology providers, developers and other…

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WEEX Partners with K9 Finance DAO to Launch Premium Projects on Shibarium Blockchain

June 17, 2024 11:50:00

WEEX, a leading cryptocurrency exchange platform, has announced a strategic partnership with K9 Finance DAO to launch projects on Shibarium, an Ethereum Layer 2 blockchain.

WEEX selects premium projects from the thousands available on the Shibarium chain for its Launchpad and will list them on WEEX, supporting the Shiba Inu (SHIB) community. Shiba Inu development advocates have identified WEEX as the primary platform for all new qualified projects emerging from…

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Claim your free ticket with the Shib Army at futuristconference.com/shibarmy

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Lykke Confirms Platform Was Breached, $22M in Crypto Assets Stolen

June 17, 2024 08:05:00

Crypto exchange Lykke announced on June 10, 2024,that it had experienced a security breach, leading to the theft of digital assets worth $22 million. Lykke assured its users that despite the breach, their funds were safe, and the compromised systems were immediately shut down to prevent further damage.

The UK-based exchange disclosed that the attack took place on June 4. It emphasized that client funds were secure and that efforts were underway to recover the stolen assets. Lykke communicated via the social media platform X, explaining that it had shut down the affected systems to minimize the…

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Trump Reaffirms His Support for Crypto at a Fundraising Event

June 14, 2024 08:05:00

Former President Donald Trump is ramping up his advocacy for cryptocurrency as a key element of his 2024 presidential campaign, expressing his ambition to become the “cryptocurrency president.” According to reports, Trump declared his plan to be the cryptocurrency president on June 7, 2024, during a San Francisco fundraiser organized by David Sacks, a general partner at Craft Ventures, along with Chamath Palihapitiya, a tech billionaire.

The event raised $12 million to bolster Trump’s campaign efforts ahead of the…

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Tumble in Cryptocurrency Market Is Minor Correction, Bullish Action Expected

June 12, 2024 08:05:59

On June 7, 2024, the cryptocurrency market, including Ether, Bitcoin and various altcoins, saw a decline following better-than-expected employment data released in the United States. Despite this drop, traders are optimistic that this is merely a temporary setback before the market resumes its upward trend.

Renowned cryptocurrency trader il Capo of Crypto expressed its opinions to its more than 848,000 followers on X, characterizing the state of affairs as a robust sell-off consolidating support levels, with altcoins bearing the brunt of the losses. The trader suggested that this event appears to be a…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Mining Disrupt Brings the World’s Largest Bitcoin Mining Conference & Expo to Miami

June 11, 2024 08:50:00

Mining professionals, enthusiasts, businesses, traders, vendors, and investors, are invited to attend the Mining Disrupt Bitcoin Mining Conference (the world’s largest) on June 24-26, 2024, at the Miami Airport Convention Center in Miami. Mining Disrupt has been serving the Bitcoin Mining Industry for years, and their conferences attract attendees worldwide, offering critical education and networking at a global scale.

Bitcoin mining professionals will showcase their latest equipment, hardware, products, and services at the Expo. The event offers a larger-than-life platform for mining enthusiasts, newcomers, and startups, to make the world aware of their unique offerings and get viable investors and…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Proof Of Talk to Open World-Class Avenues For Web3 Startups And Professionals

June 10, 2024 08:05:00

The Bitcoin halving, which cuts the reward miners receive for adding new coins to the blockchain by one-half, is a crucial aspect of BTC’s deflationary design and affects the broader cryptocurrency market, presenting both opportunities and challenges. The latest halving, which happened in April, reduced the reward from 6.25 to 3.125 BTC.

Following the halving, miners experienced a decrease in profit margins. Given the current price of Bitcoin at approximately $68,800, the value of the block reward is around $215,000. This is slightly higher than the value before the halving, when Bitcoin traded closer to $60,000, making the reward worth under…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Ethereum ETF Approval Results in $3B Withdrawals from Centralized Exchanges

June 7, 2024 08:05:00

Ether worth more than $3 billion has been drawn from cryptocurrency exchanges following the U.S. Security Exchange Commission’s approval of Ether spot ETFs last month, signaling an impending supply shortfall. Just prior to the announcement, the regulator initiated talks with possible issuers and later granted approval for multiple 19b-4 forms to list the ETFs.

The ETFs weren’t immediately ready for trading, as issuers are required to file their S-1 registration statements weeks before the ETFs can be launched. Analysts predict that the first batch of these…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Biden Vetoes Bill Seeking to Overturn SEC Guidance on Crypto Reporting

June 5, 2024 08:05:00

President Joe Biden has vetoed a measure aimed at overturning a contentious directive from the U.S. Securities and Exchange Commission (SEC) regarding the accounting practices for companies handling cryptocurrency assets.

In a letter addressed to the House of Reps and published on the White House website, President Biden stressed his administration’s commitment to protecting investors and consumers, stating that appropriate safeguards are essential to leveraging the opportunities and benefits of…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Now Accepting Ether, Bitcoin Applications for ETFs to List 

June 3, 2024 14:57:45

Upstream, a MERJ Exchange stock market and global trading app, is accepting applications for both Ether and Bitcoin Exchange-Traded Funds (“ETFs”) to list. This move comes after the U.S. Securities and Exchange Commission (“SEC”) approved the first eight applications for spot Ether ETFs, marking a significant milestone in the crypto and greater blockchain community as well as recognizing growing demand for exposure to cryptocurrencies in mainstream financial markets. According to the article, the approval implies that Ether, like Bitcoin, is a commodity. The SEC approved the following ETFs: Blackrock’s iShares Ethereum Trust, VanEck Ethereum Trust, Fidelity Ethereum Fund, ARK 21Shares Ethereum ETF, Franklin Ethereum ETF, Bitwise Ethereum ETF, Grayscale Ethereum Trust and Invesco Galaxy Ethereum ETF. While Upstream is not a cryptocurrency market and does not allow account funding via Bitcoin, Ether or crypto trading, the exchange noted that this industry milestone “is special, and we look forward to meeting the demand for international investors seeking to gain exposure to Ether and Bitcoin from a streamlined account, and without directly owning the cryptocurrency. Just as ether ETFs aim to provide streamlined access to crypto for investors, Upstream strives to offer international investors streamlined access to securities from exchanges worldwide.”

To view the full article, visit https://ibn.fm/x80SV

About Upstream

Upstream, a MERJ exchange market, is a fully regulated global stock exchange. Powered by Horizon Fintex’s proprietary matching-engine technology, the exchange enables investors to trade shares in dual-listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. and international equities, and celebrity ventures directly from the app. For more information about the company, visit www.Upstream.Exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Fake Google Chrome Extension Leaves Crypto Users Vulnerable

June 3, 2024 08:05:00

In February, a Binance trader by the handle “doomxbt” uncovered a significant issue when they observed losses amounting to $70,000 due to suspicious activity. The attacker had deposited these stolen funds into SideShift, a crypto exchange driven by artificial intelligence.

It was revealed this week that the culprit might be identified, thanks to a phony Aggr app extension that was sold on the Google Chrome store. The fake Aggr software was made to collect all website cookies from users, in contrast to the real Aggr app, which provides expert trading tools, including on-chain liquidation trackers. This made it possible for hackers to recover access keys and passwords, especially for accounts on Binance.

Following its listing on the Chrome Store, the hackers launched a vigorous social media campaign to drive downloads of this fake Aggr app. They used a network of influencers, a strategy known as “shilling,” to advertise the dangerous software. The influencers convinced consumers that the product was necessary by flooding social-media feeds with trading lingo.

In this situation, the influencers seemingly disregarded the well-known crypto mantra “do your own research” (DYOR). It remains unclear whether the promoters were aware that the fake Aggr app compromised user security or if they were simply profiting from the attack.

The recent episode is part of a broader pattern of comparable attacks that make use of Chrome extensions. For example, another trader lost more than $800,000 in crypto last month as a result of utilizing two rogue Chrome browser extensions. The extensions, named Simple Game and Sync test BETA (colorful), were suspected to contain keyloggers intended to target wallet extension apps. A keylogger is a kind of malicious software that tracks every keystroke a user makes so the person who installed it may access the data.

The problem arose after a Chrome update forced the user to log out of all their tabs and extensions. After a Windows update caused the system to restart, the user unintentionally exposed their data by reentering their credentials, which included seed phrases for crypto wallets.

Afterward, funds were transmitted to the Gate.io and MEXC exchanges using the malicious extension. Investigations showed that Simple Game monitored tab activity, while Sync test BETA (colorful) was the keylogger that transferred data to an external PHP script. The harmful nature of the extensions was eventually detected by the user, despite the browser appearing to be functioning normally.

These incidents highlight the persistent threat posed by rogue Chrome extensions in the digital asset world. Users are strongly advised to practice DYOR and thoroughly verify any application before downloading it to better protect themselves from such cyber threats.

Major entities such as Coinbase Global Inc. (NASDAQ: COIN) in the crypto industry are likely to keep monitoring how hackers evolve and also update their security systems to adapt to those evolving threats.

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Analysts Say Approval of Ethereum ETFs Could Trigger More Momentum for Cryptos

May 31, 2024 08:05:00

The U.S. Securities and Exchange Commission (SEC) recently announced that it had approved a regulation change allowing ether spot ETFs to be traded in the United States. Following the news, both Bitcoin and Ethereum prices saw a modest increase, with crypto-related stocks experiencing a notable rise.

The commission approved eight Ethereum ETF applicants’ Form 19b-4, including those from major companies including Fidelity, BlackRock, Grayscale, VanEck, ARK Invest, Franklin Templeton and Invesco Galaxy. However, before these ETFs can officially launch, their S-1 registration declarations need to…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Trump’s Campaign to Start Accepting Crypto for Campaign Contributions

May 29, 2024 08:05:00

The presidential campaign of Donald Trump has announced that it will start accepting crypto donations as part of its strategy to create a “cryptocurrency army” in the lead-up to election day. The campaign has set up a fundraising platform that enables any legally permissible donor to contribute to its political committees using a variety of cryptocurrencies accepted by the Coinbase exchange.

This move not only emphasizes Trump’s position as a crypto-supportive candidate but also aims to attract a key demographic of young male voters that is increasingly engaged with digital currencies. The announcement coincided with the conclusion of Trump’s defense in…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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US Brothers Charged for Pulling Off a $25 Million Crypto Heist in 12 Seconds

May 22, 2024 08:05:00

Two brothers, Anton and James Peraire-Bueno, who attended one of the top U.S. universities, have been accused of stealing $25 million worth of crypto in a mere 12 seconds. They both face charges of money laundering and wire fraud. According to the U.S. Department of Justice (DOJ), this alleged theft is unprecedented.

The brothers, who reportedly studied at MIT, are said to have executed their scheme in April last year. Lisa Monaco, the U.S. Deputy AG, stated that the brothers used a sophisticated and cutting-edge method to steal $25 million in Ethereum, planning the operation for months but…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – RYVYL Inc. (NASDAQ: RVYL) Announces Agreement to Extend Repayment Date on Convertible Note

May 20, 2024 09:28:46

RYVYL (NASDAQ: RVYL), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for the diverse international markets, has entered into an agreement to extend the repayment date on an existing note. According to the announcement, the agreement is with a current noteholder of an 8% senior convertible note; the repayment date on the note was extended to April 5, 2026. In the agreement, the noteholder agrees to extend the repayment date one year, and in return, the company will pay $80,000 in cash now as an advance payment of the next interest payment due and payable under the note, which is scheduled for Oct. 1, 2024. The announcement noted that remaining terms of the note are unchanged, including the total in principal that remains outstanding — $19.1 million — which the company intends to pay in full on or before the new due date. “Extending our debt repayment obligation demonstrates the continued confidence and support of our noteholder and strengthens our financial flexibility as we continue driving growth in multiple verticals across diverse international markets,” said RYVYL Chairman Ben Errez in the press release. “Prepaying a portion of the scheduled interest payment underscores our commitment to maintaining strong relationships with our financial partners and our focus on investing in the Company’s long-term success.”

To view the full press release, visit https://ibn.fm/zVSyV

About RYVYL Inc.

RYVYL was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business and peer-to-peer payment transactions around the globe. By leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity-theft protection and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants and consumers around the globe. For more information about the company, please visit www.RYVYL.com.

NOTE TO INVESTORS: The latest news and updates relating to RVYL are available in the company’s newsroom at https://ibn.fm/RVYL

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

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Biden Bans China-Backed Cryptocurrency Mining Company from Owning Land Near Missile Base in Wyoming

May 20, 2024 08:05:00

President Joe Biden recently issued an executive order preventing a Chinese-sponsored crypto-mining company from possessing land close to a nuclear missile facility in Wyoming. The order, aiming to safeguard national security, mandates the disposal of the property currently utilized as a cryptocurrency mining facility close to the Francis E. Warren Air Force Base.

MineOne Partners Ltd., partially supported by Chinese investors, along with its associates, must also dismantle specific equipment on the…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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FTX Reveals It Has More Than Needed to Repay Victims After Collapse

May 15, 2024 08:05:00

The collapsed crypto exchange FTX claims to have surplus funds exceeding the amounts required for reimbursing its customers. The company states that it expects to have up to $16.3 billion after selling its remaining assets to pay down its debt, which is estimated to be approximately $11 billion.

The company’s new restructuring proposal assures nearly all of its clients will recover at least their entire losses incurred during FTX’s collapse in 2022. Earlier this year, Sam Bankman-Fried, one of FTX’s cofounders, received a 25-year prison sentence for deceiving investors and customers of the…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – DeFi Technologies Inc.’s (CBOE CA: DEFI) (GR: R9B) (OTCQB: DEFTF) Strong Growth Featured in Syndicated Broadcast

May 13, 2024 12:10:24

DeFi Technologies (CBOE CA: DEFI) (GR: R9B) (OTCQB: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance, was featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio news release covers DeFi’s announcement that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, “Valour”), a leading issuer of exchange traded products (“ETPs”), reported a 47.2% year-over-year increase of assets under management (“AUM”) to C$748 million as of May 7, 2024. “We are very encouraged by the strong year-on-year growth of our AUM, which reflects the sustained demand for our innovative ETP products and trust from our investors,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Our strategic expansions and the introduction of groundbreaking products this month underscore our commitment to providing secure, diversified and accessible digital asset investment options. We are excited about our future prospects and remain dedicated to advancing our position in the digital asset space.”

To view the full press release, visit https://ccw.fm/arxJJ

About DeFi Technologies Inc.

DeFi Technologies is a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance. With a dedicated focus on industry leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of professionals with extensive experience in financial markets and digital assets, the company is committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. For more information, visit the company’s website at www.DeFi.Tech.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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US SEC Serves Robinhood Crypto with Wells Notice, Signaling Possible Enforcement Action

May 13, 2024 08:05:00

Robinhood Markets, a retail-trading platform, revealed that it had recently been served with an enforcement action notice from the U.S. Securities and Exchange Commission (SEC) regarding the cryptocurrency tokens traded on its platform. The notice, known as a “Wells notice,” is typically issued by the SEC as a precursor to potential enforcement actions, though it does not imply wrongdoing.

The company’s chief legal, compliance and corporate affairs officer Dan Gallagher stressed the company’s confidence that the assets posted on its marketplace aren’t securities. He also noted that the company was ready to engage with the SEC to demonstrate the weakness of any…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Binance’s CZ’s Sentence Highlights Stark Differences with FTX’s Bankman-Fried

May 10, 2024 08:05:00

The long-standing feud between former crypto giants concluded recently in a federal courtroom in Seattle, where Changpeng Zhao (CZ), the founder of Binance, received a four-month prison sentence. Contrastingly, Sam Bankman-Fried of FTX was sentenced to 25 years in prison a month earlier in Manhattan.

The ruling marked the end of a prolonged rivalry between Bankman-Fried and Zhao, both renowned figures in the $2.2 trillion cryptocurrency industry. Initially, the duo championed the potential of decentralized digital assets, envisioning a world where virtual coins would disrupt…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – DeFi Technologies Inc.’s (CBOE CA: DEFI) (GR: R9B) (OTCQB: DEFTF) Subsidiary Valour Inc. Positioned to Capitalize on Opportunities in Digital Assets Space

May 8, 2024 14:09:18

DeFi Technologies (CBOE CA: DEFI) (GR: R9B) (OTCQB: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (“DeFi”), has announced that its subsidiary Valour Inc., a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has successfully repaid US$19.5 million in outstanding loans. According to the announcement, as of April 30, 2024, Valour has fully repaid balances of US$6 million and US$13.5 million, which were secured by BTC and ETH collateral, respectively. No further equity or debt was raised to repay the loans.

The announcement reads, “This development is a testament to Valour’s financial health and prudent capital management. By freeing up additional digital assets and reducing financial liabilities, Valour has continued its commitment to leveraging its financial agility to enhance its market position and capitalize on emerging opportunities within the digital assets space.”

To view the full press release, visit https://ccw.fm/Zjs1c

About DeFi Technologies Inc.

DeFi Technologies is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (“DeFi”). With a dedicated focus on industry leading Web3 technologies, the company aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, DeFi Technologies is committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies’ digital community on Linkedin and Twitter and, for more details, visit https://defi.tech/.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Latest US Labor Market Data Pushes Bitcoin Above $60K

May 8, 2024 08:05:00

Bitcoin maintained its position above the $60,000 mark after the release of the U.S. job market report on April 3, 2024. The new report altered predictions about when the Fed would cut its key interest rate, moving it to September instead of November.

Following the report’s publication, Bitcoin saw a rise of more than 4%, continuing its upward trend toward $62,000, as per data from CoinMarketCap. Bitcoin has seen substantial buying activity in recent hours, sending it above the $60K level. It did, however, run into some opposition at the…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Bernstein Analysts Predict Crypto Market Growth to $7.5 Trillion in 2025

May 6, 2024 08:05:00

Cryptocurrency appears to be gearing up for significant growth, according to a recent report. The report suggests that the collective value of crypto could triple to reach $7.5 trillion by the year 2025. Researchers Mahika Sapra and Gautam Chhugani from Bernstein highlighted several key factors in a note to their clients that could fuel this surge.

According to Bernstein’s analysis, Bitcoin might reach $150,000 by next year, buoyed by the unprecedented influx of funds into 10 newly launched Bitcoin spot ETFs earlier this year. While the pace of inflows has tapered off since the beginning of last month, Bernstein views this as a temporary…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Stagflation Fears Cause Crypto Market to Slide

May 3, 2024 08:05:00

Cryptocurrency markets are experiencing a downturn amid concerns over potential economic stagnation in the United States. According to data from CoinDesk Indices, Bitcoin, the largest digital currency by market capitalization, was trading at $62,400 on April 29, 2024, after declining 2.5% during the previous day. Ether was also down by 3%, trading at $3,200, while CoinDesk 20, an index tracking the most liquid cryptocurrencies, had dropped by 2.6% to 2,197 points.

The market sentiment seems to be at a critical juncture, with conflicting views on its future trajectory; analysts are weighing both…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – LQWD Technologies Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Releases Updated Info Regarding Bitcoin Lightning Network Operations

May 2, 2024 09:37:38

LQWD Technologies (TSX.V: LQWD) (OTCQB: LQWDF), a leading infrastructure and liquidity provider for the Bitcoin Lightning Network as well as a holder of Bitcoin as an operational asset, is reporting on its Bitcoin Lightning Network operations. According to the announcement, LQWD owns 115 Bitcoin, which provide the company with a Bitcoin-based core asset and which the company uses to operate its transaction infrastructure. The company reported that routing transactions are growing, with 64,678 in April 2024, an increase over March 20 24, which was also a record month. The company noted that the total routing volume through its infrastructure has reached approximately 500,000, routing more than 569 Bitcoin through LQWD’s infrastructure since launching in November 2021. The announcement explained that Bitcoin Lightning Network is a payment and transaction layer for the internet that leverages the power of Bitcoin’s supreme trust protocol, which facilitates instant peer-to-peer transactions faster than any other payment rail. “LQWD has developed and is operating a scalable revenue model for the Lightning Network that receives routing fees for each transaction on LQWD’s infrastructure,” stated the announcement. “These fees are paid in Bitcoin (Satoshi’s), which are nominal at present time. However, it is anticipated that the fees will increase in the future based on further adoption of the Lightning Network. Therefore, LQWD believes in the future potential of the network and is focused on continuing to build market share.”

To view the full press release, visit https://ibn.fm/ue1hJ

About LQWD Technologies Corp.

LQWD is a Canadian-based corporation which has a developed a scalable revenue generating model providing transaction infrastructure and liquidity for Bitcoin Lightning Network. LQWD also owns 115 Bitcoin and has no debt with approximately 13.2 million shares outstanding. For more information, please visit www.LQwDFintech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CryptoNewsBreaks – Bitcoin Events Presents Two Premier Events Set to Uniquely Showcase Africa’s Crypto and Web3 Ecosystems

May 1, 2024 14:21:09

Bitcoin Events recently announced two premier events in South Africa: the Crypto Fest 2024, a thrilling crypto extravaganza, and the Blockchain Africa Conference 2024, an event intended to unite the African Web3 community. The Crypto Fest 2024 is scheduled to take place at the renowned DHL Stadium in Green Point, Cape Town, from October 10 to 12, 2024. The event promises an unparalleled experience for crypto enthusiasts worldwide. It will span three action-packed days, featuring engaging networking activities, captivating workshops, vibrant exhibitions, and insightful discussions led by industry experts. Bitcoin Events’ second event, the highly anticipated 10th edition of the Blockchain Africa Conference, is set to take place at the prestigious CSIR International Convention Center in Pretoria (Tshwane) on November 20, 2024. The event will bring together industry leaders, investors, entrepreneurs, developers, innovators, and enthusiasts from across Africa and beyond for insightful discussions, ground-breaking innovations, and unparalleled networking opportunities. An extension of the conference, a networking event will be held in Cape Town on November 22, 2024, offering attendees the chance to connect with the vibrant Cape Town Web3 community. “Whether you’re a seasoned blockchain enthusiast well-versed in Africa’s crypto ecosystem or new to the space, the Crypto Fest and Blockchain Africa Conference provide a unique platform to learn, connect, and draw inspiration from the visionaries shaping Africa’s digital future,” reads the announcement.

To view the full press release, visit https://ibn.fm/VPSPw

About Bitcoin Events

Over a span of a decade, Bitcoin Events has proudly stood as Africa’s pioneering events company dedicated solely to the realms of crypto, blockchain, and Web3 technologies. Welcoming over 17,500 attendees from 165 countries, Bitcoin Events has fostered connections with esteemed individuals and reputable companies leading the charge in the blockchain space. With its far-reaching influence, Bitcoin Events remains committed to empowering Africa through its world-class events, driving forward the region’s blockchain ecosystem. Learn more at https://www.bitcoinevents.co.za.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CryptoNewsBreaks – Proof of Pitch Promises to Provide Unique Transformative Platform to Showcase Web3 Innovation

May 1, 2024 13:41:38

Proof of Pitch represents a ground-breaking shift from traditional pitch competitions, emerging as a transformative platform that uniquely combines artificial intelligence (AI) insights with the strategic acumen of the world’s leading Web3 venture capitalists. Proof of Pitch calls upon startups at the cutting edge of Web3 innovation to dazzle the industry’s titans, venture through the vanguard of technology, and stake a claim in the digital future. It promises to provide an unmatched opportunity for innovators to present their visionary ideas, drive their startups forward, make a lasting imprint in the realm of digital innovation, and transcend traditional pitch norms. The Proof of Pitch participants will showcase their presentations to an exclusive audience of speakers and VCs, including CEOs, founders of leading blockchain companies, and top Web3 VC partners. The Proof of Pitch winner will receive a first-place grand prize valued at 1M€. Proof of Pitch is part of Proof of Talk, where all global leaders in Web 3 meet. Proof of Talk is set to take place at the Museum of Decorative Arts (“MAD”) in the Louvre Palace, Paris, from June 10 to 11, 2024. “Unlike conventional pitch competitions, Proof of Pitch enables global businesses and leadership to intelligently tap into the power of Web3, providing valuable and sustainable insights for investors and the startup community at large instead of having just another light-touch startup competition with glittering prices which ultimately do not add any real business value,” said Zohair Dehnadi, co-founder, Proof of Talk and partner, X-Ventures.

To view the full press release, visit https://ccw.fm/CxEdM

About Proof of Talk

Proof of Talk is setting a new standard in the Web3 conference landscape, positioning itself not just as another Web3 conference but as a pivotal forum where the promise of decentralization comes to life. The summit uniquely combines the essence of traditional economic forums with the dynamic, decentralized Web3 community, fostering an innovative ecosystem of dialogue and action. It stands as a platform for change, where every voice, from the seasoned economist to the radial Web3 founder, contributes to a collective vision of a decentralized economic future. By facilitating engaging discussions and unparalleled networking, participants shape this new landscape. Learn more at www.proofoftalk.io.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 888-902-4192 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

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Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

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Proposed IRS Crypto Tax Form Raises Concerns About Wallet Address Exposure

May 1, 2024 08:05:00

Concerns rippled through the cryptocurrency sector last week as an early version of an IRS document surfaced, sparking anxiety and confusion. Portions of the document hinted at the possibility that individuals engaged in American decentralized finance (DeFi) might soon need to disclose their self-managed wallet details to the federal government.

By 2025, the document, titled Form 1099-DA, is set to become obligatory for any crypto transaction that the U.S. Internal Revenue Service (IRS) deems to have originated from a brokerage. However, the exact implications of this requirement remain murky. While it’s widely expected that crypto exchanges will…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.CryptoCurrencyWire.com/Disclaimer

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Venezuela to Ramp Up Use of Crypto to Counter Oil Sanctions

April 29, 2024 08:05:00

Venezuela’s state-owned oil company, PDVSA, is gearing up to ramp up digital currency use in its exports of fuel and crude oil amid renewed oil sanctions imposed by the United States, according to three individuals aware of the strategy. Recently, the U.S. Department of Treasury set a deadline of May 31, 2024, for PDVSA suppliers and clients to conclude transactions under the nonrenewed general license, citing the absence of electoral reforms. This action makes it more difficult for Venezuela to increase oil production and exports since it now requires specific U.S. licenses for companies to do business with the nation.

PDVSA had already been gradually transitioning its oil transactions to USDT, whose worth is tethered to the U.S. dollar (USD), thus maintaining stability. This shift has been expedited by the reinstatement of sanctions, which are intended to reduce the possibility that sales revenues may be blocked from…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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BRICS Consider Replacing USD with Crypto for International Trade

April 26, 2024 08:05:00

In a recent statement, Anatoly Aksakov, the Russian State Duma Committee on Financial Market’s chair, noted there’s a push within the BRICS bloc to transition from the U.S. dollar to cryptocurrency for trade purposes. Aksakov emphasized the alliance’s efforts to leverage digital assets instead of traditional fiat currency for international commerce.

The BRICS economic alliance, initially comprised of Russia, Brazil, India, South Africa and China, has long been committed to reducing reliance on the U.S. dollar, advocating for the use of local currencies. Consequently, the creation of digital currency transaction solutions has become a focal point, notably…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CoinGecko Reveals Bitcoin Halving Occurred

April 24, 2024 08:05:00

Bitcoin (BTC), the largest digital currency globally, recently underwent its “halving” event, which occurs approximately every four years, as reported by CoinGecko, a company specializing in crypto analysis and data. Following the event, Bitcoin experienced relative stability, slightly declining to $63,747.

Crypto enthusiasts had been anticipating the “halving”— an alteration to the fundamental technology of the crypto aimed at reducing the pace at which new Bitcoins are created. Satoshi Nakamoto, the pseudonym of Bitcoin’s creator, included the halving setting in the currency’s code at the time of its inception.

Chris Gannatti, chief of global research at WisdomTree, an asset management company that supports BTC exchange-traded funds (ETFs), labeled the event as among the most significant events in the cryptocurrency world this year. The halving, according to supporters, strengthens Bitcoin’s status as a more scarce asset. On the other hand, detractors see the halving as nothing more than a technical maneuver used by traders to inflate Bitcoin’s value.

The halving process involves reducing miners’ rewards for creating new Bitcoin tokens, thereby increasing the cost associated with introducing new coins into circulation. This event comes on the heels of Bitcoin reaching a new peak record of $73,803 last month, following a slow recovery from a significant downturn in 2022. The surge in Bitcoin’s price has been buoyed by the approval of Bitcoin spot ETFs by the U.S. Securities Exchange Commission in January. Additionally, there is anticipation that central banks may lower interest rates.

Previous Bitcoin halvings took place in 2020, 2016 and 2012, with some fans citing subsequent price surges as evidence that the next halving will elevate Bitcoin’s value. However, many crypto analysts are doubtful.

Analysts at JP Morgan expressed skepticism, asserting that they do not expect further price increases post-halving because they believe the event has already impacted the recent surge. Instead, they anticipate a decline in Bitcoin’s price after the halving due to it being “overbought,” in addition to a lack of venture capital for the cryptocurrency market this year.

Regulators have repeatedly issued warnings about the highly volatile nature of Bitcoin and its lack of practical use. However, there has been a growing trend toward accepting Bitcoin-related trading products. S&P Global’s crypto analyst Andrew O’Neill cautioned against drawing conclusions about future pricing based only on past halving occasions, pointing out that several factors affect Bitcoin values.

Bitcoin has faced uncertainty since reaching its peak in March, experiencing declines in the last fortnight amid geopolitical concerns and anticipations of extended central banks’ higher interest rates, which has caused market trepidation worldwide.

The activity on major exchanges such as Coinbase Global Inc. (NASDAQ: COIN) over the coming weeks and months will reveal a clearer picture of how the halving event is impacting the crypto market.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.CryptoCurrencyWire.com/Disclaimer

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CryptoNewsBreaks – Upstream Featured in Recent Article Discussing Increasing Shareholder Engagement

April 22, 2024 11:22:32

Upstream, the revolutionary retail trading app for stocks and NFTs powered by Horizon Fintex and MERJ Exchange Limited, offers a unique platform designed to empower issuers to not only reach a global investor base but also build deeper connections with both new and existing shareholders. The company was spotlighted in an article discussing how to leverage digital communication; the article also stated that shareholder engagement is more important than ever. Methods of communicating with shareholders include the traditional email, meetings and press releases; however, forward-thinking issuers are looking to modern digital communications to engage more meaningfully with investors. These methods can include a dedicated IR webpage, a stronger social media presence and real-time chat opportunities. Focused on marketing and investor relations, Upstream offers a strong issuer user guide that includes sample email, social and shareholder engagement material that amplifies visibility as well a comprehensive media package featuring more than $100,000 of IR value. Upstream also offers shareholder engagement tools powered by smart-contract technology, including a digital coupon strategy as well as digital collectibles. “By joining Upstream, you gain access to a powerful platform that fosters deeper connections with your shareholders, drives revenue growth, and sets you on the path to long-term success,” the article concludes.

To view the full article, visit https://ccw.fm/iv1ET

About Upstream

Upstream, a MERJ exchange market, is a fully regulated global stock exchange. Powered by Horizon Fintex’s proprietary matching-engine technology, the exchange enables investors to trade shares in dual-listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. and international equities, and celebrity ventures directly from the app. For more information about the company, visit www.Upstream.Exchange.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 888-902-4192 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

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Arkham Data Suggests US Government Has Significant BTC Holdings

April 22, 2024 08:05:00

The U.S. government, along with Germany and the United Kingdom, rank among the major holders of cryptocurrency worldwide, according to Arkham, a platform specializing in decrypting blockchain entitie. Arkham recently released a dashboard highlighting governments with significant cryptocurrency holdings. Through the new tracking feature, users can obtain up-to-date information about governments’ crypto balances and transaction histories.

The announcement came on April 12, 2024,  highlighting the United States, the UK and Germany as the top three nations, respectively, in terms of…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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Markets Climb as Hong Kong Approves Cryptocurrency ETFs

April 19, 2024 08:05:00

Hong Kong has approved its inaugural exchange-traded funds (ETFs) monitoring digital currencies Ether and Bitcoin, marking a significant milestone for the region. This move positions Hong Kong as the first country in Asia to offer such products following the United States’ introduction of the pioneering Bitcoin spot ETFs in January.

According to different social-media platforms, several investment managers revealed they received preliminary consent from Hong Kong’s Securities and Futures Commission (SFC) to commence…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Proof of Talk 2024 Looks to Shape the Agenda of the Future

April 18, 2024 14:09:42

Proof of Talk, heralded as the Davos of Web3, is returning to Paris, France, for its second year. The event, Proof of Talk 2024, is scheduled for June 10-11, 2024, at the historic Museum of Decorative Arts in the Louvre Palace at the heart of Paris. The summit, which brings together thought leaders, Web3 visionaries, investors, CEOs, founders, exchanges, digital asset managers, and regulatory authorities, seeks to welcome more than 2,500 participants. Proof of Talk 2024 aims to deliver a unique event with a highly curated audience dedicated to shaping the future of blockchain and global policy. It features a speaker lineup showcasing CEOs, founders and leaders of the Web3 and digital assets industry. It also features impact-focused networking sessions and a refined agenda with over 20 panels, 10+ workshops, and over five keynotes and firesides on key topics shaping Web3’s future, including real-world asset tokenization, AI-blockchain integration, gaming evolution, and smart contract security. “Right now, the industry is on the brink of a new era, and we’ve harnessed this enthusiasm to curate an event with the most influential people from Web3, digital assets and traditional finance to shape the agenda of the future,” said Zohair Dehnadi, co-founder, Proof of Talk and partner, X-Ventures, a Germany-based digital assets investment fund.

To view the full press release, visit https://ccw.fm/VZs8V

About Proof of Talk

Proof of Talk is setting a new standard in the Web3 conference landscape, positioning itself not just as another Web3 conference but as a pivotal forum where the promise of decentralization comes to life. The summit uniquely combines the essence of traditional economic forums with the dynamic, decentralized Web3 community, fostering an innovative ecosystem of dialogue and action. It stands as a platform for change, where every voice, from the seasoned economist to the radical Web3 founder, contributes to a collective vision of a decentralized economic future. By facilitating engaging discussions and unparalleled networking, participants shape this new landscape. Learn more at www.proofoftalk.io.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 888-902-4192 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

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Analyzing the Recent Flash Crypto Crash

April 17, 2024 08:05:00

The cryptocurrency market experienced a significant downturn on April 12, 2024, coinciding with the opening of the stock market. Bitcoin (BTC) saw a considerable drop in value, plummeting by more than $4,000 to $66,440. Similarly, Ethereum witnessed a decline of 9% during the same period, reaching $3,216, while Dogecoin experienced a sharp decline of 14.2%.

The downward trend began early in the day but intensified around noon, with minor decreases escalating into double-digit declines across several cryptos. Although no major developments were reported in the crypto sphere on that day, such volatility often occurs toward the weekend, as was the…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Binance Official Pleads Not Guilty to Money Laundering Charges in Nigeria

April 15, 2024 08:05:00

A Binance executive has entered a plea of innocence regarding allegations of money laundering in a Nigerian court. Tigran Gambaryan, a United States citizen, was apprehended in February alongside his coworker Nadeem Anjarwalla, who holds dual British-Kenyan nationality. Anjarwalla escaped custody two weeks ago, and his current location remains unknown.

Gambaryan, during his court appearance on April 8, 2024, refuted the five charges of money laundering brought forth by Nigeria’s Economic and Financial Crimes Commission (EFCC). Subsequently, he was transferred to the Kuje Correctional Center in Abuja, Nigeria’s capital. The correctional center has…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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New Brazil Bill Seeks to Modify Crypto Taxes

April 12, 2024 08:05:00

Brazil is gearing up for a significant shift in its approach to taxing cryptocurrencies. A fresh bill drafted by the Ministry of Finance is set to alter the taxation landscape for individual crypto investors. It aims to reclassify cryptocurrencies, subjecting them to taxation akin to capital instrument shares, considering their fluctuating exchange rates.

Under the forthcoming measure slated for presentation to the National Congress, cryptocurrency investors would be required to pay 15% of their earnings from cryptocurrency transactions as…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Federal Court Ruling on Secondary Market Sales Forestalls SEC Appeal Against Ripple

April 10, 2024 08:05:00

In a recent ruling on a legal battle involving Coinbase, the U.S. Second Circuit Court of Appeals made significant strides in bringing clarity to the regulation of crypto transactions. This decision serves as an important precedent, notably impacting the ongoing case between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs regarding XRP.

John Reed Stark, a former SEC official, highlighted the significance of Judge Katherine Failla’s decision in rejecting the notion that secondary sales of crypto could be considered securities, noting that the prior judgment by Torres had dealt a blow to both Ripple and Coinbase. However, the latest ruling brought…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.CryptoCurrencyWire.com/Disclaimer

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Research Report Upbeat about Q2 Crypto Prospects

April 8, 2024 08:05:00

The cryptocurrency market is poised for a promising second quarter, according to a recent report by Coinbase, with many of the obstacles that were previously experienced now behind the industry, setting the stage for positive developments in the coming months. The analysis identifies several variables that support this optimistic forecast.

The market’s history of negative downside pressures is one of the important factors. Furthermore, macroeconomic changes and prospective rate reductions may foster a climate that is favorable to…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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The SEC Notches Significant Victory in Case Against Coinbase

April 3, 2024 08:05:00

recent court ruling in the lawsuit between the United States Securities and Exchange Commission (SEC) and Coinbase Global Inc. (NASDAQ: COIN) marks a significant development, allowing the SEC’s claim of unregistered securities sales against the crypto exchange to proceed to a jury trial. Following the decision by a Manhattan federal judge on March 27, 2024, Coinbase experienced a decline of approximately 2.5% in its share price.

The SEC initiated legal action against the exchange in June, alleging that the entity operated as an unregistered exchange and broker. Additionally, the SEC sought to permanently restrain Coinbase from…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Highlights Ability of Airdrops to Unlock Potential for Brands, Companies and Audiences

April 2, 2024 12:03:01

Upstream, a MERJ Exchange market and trading app, has published a blog article that discusses the exciting possibilities in the world of digital collectibles. Among these is the ability for airdrops to unlock potential for brands, companies and their audiences. The piece reads, “Airdrops serve as not just a gateway to the exciting world of Web3, but a way to interact with your fans… Build Your Online Presence: Reward your biggest fans with digital rewards or collectibles tied to specific events, locations, milestones, content, etc. These collectibles introduce digital ownership and can decorate your online persona and your fans’ online personas. Unlock Revenue Potential: Start with free collectibles, then lead into collectibles available for purchase to further your initiatives and increase the tangible benefits associated with digital collectibles. Access Real-Time Insights: Drive meaningful user journeys and track audience interactions with timestamped loyalty rewards, enabling you to tailor your offerings effectively.”

To view the full blog, visit https://ibn.fm/Qz92Q

About Upstream

Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading app. Powered by a proprietary, transparency first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 888-902-4192 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

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Experts Discuss How Public Trust, Transparency Can Be Bolstered in Cryptocurrency Markets

April 1, 2024 08:05:00

Recent disclosures about money laundering, dishonesty and fraudulent activity by Binance, FTX and other organizations have seriously damaged public trust in the crypto asset market, especially concerning trading platforms. Rebuilding trust demands a firm commitment to safeguarding investors’ interests and transparency. Bruce Tupper, president and creator of CoinRegTech, and Tyler Williams, Galaxy’s head of legislative and regulatory affairs, offer insights on how these can be achieved in cryptocurrency markets.

They propose two key measures — Off-Chain Transaction Reporting and Proof of Reserves (PoR) Reporting — as essential steps for trading sites to adopt. These measures would enhance…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CryptoNewsBreaks – Diamond Lake Minerals Inc. (DLMI) Positioned ‘Ahead of the Curve’ in Tokenization

March 28, 2024 14:49:05

Diamond Lake Minerals (OTC: DLMI) is a leading multi-strategy operating company specializing in developing and supporting digital assets and SEC-registered security tokens. The company was featured in a new Benzinga Crypto article that discussed DLMI’s favorable positioning in tokenization attributed to its innovative technology, infrastructure and leadership. “DLMI has spent a substantial amount of time and resources under the leadership of its CEO Brian J. Esposito working on the program of converting real estate assets into blockchain-based digital tokens in its ecosystem… A big part of DLMI’s strategy was its recent acquisition of Avrio Worldwide PBC, a registered market infrastructure provider with a full technology stack. Avrio will deploy its registered digital financial market infrastructure (‘dFMI’) for the tokenization of digital assets across the DLMI network of companies in spaces like financial services, real estate, media, entertainment, gambling and more. This interoperability is key to the mass adoption of digital assets and tokenization,” the article reads. “While DLMI is working to create a strong infrastructure, it is also investing in its leadership. The company just announced it is bringing in Douglas Borthwick as advisor and chief token strategist. With over 30 years of experience in the finance industry, he has held significant positions at INX Limited and INX Digital Company (OTCQB: INXDF).”

To view the full article, visit https://ccw.fm/s1pq6

About Diamond Lake Minerals Inc.

Founded in Utah in 1954, Diamond Lake Minerals is a multi-strategy operating company that specializes in the development and support of digital assets and SEC-registered security tokens. Its goal is to responsibly innovate and develop valuable traditional businesses and successfully combine them with the future of money and digital assets. The company’s mission is to bring back to the public markets timeless business principles that are focused on healthy sustainable growth and strong earnings that generate yields combined in a modern digital world creating value for its stakeholders. DLMI is positioning itself as an industry-agnostic leader in the digital asset and security token space. For more information, visit the company’s website at www.DiamondLakeMinerals.com.

NOTE TO INVESTORS: The latest news and updates relating to DLMI are available in the company’s newsroom at https://ibn.fm/DLMI

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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EU Begins Implementing Ban on Unverified Cryptocurrency Wallets

March 27, 2024 08:05:00

The European Union has put forth a new guideline barring cryptocurrency transactions done via noncustodial wallets lacking verification as part of its broader Anti-Money Laundering (AML) regulations aimed at tackling financial crimes. The majority of the European Union Parliament’s primary commission approved the move on March 19, 2024, showcasing a united front against undisclosed transactions.

The measure specifically targets transactions routed via self-custody wallets lacking proper identification, including those made using internet applications, mobile phones or desktops. The directive seeks to close the gap exploited for anonymous fund transfers, a method commonly associated with…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CryptoNewsBreaks – Crypto Assets Conference 2024 (CAC24A) Agenda Features Talks, Debates, Presentations to ‘Illuminate Digital Assets Landscape’

March 26, 2024 10:01:00

Crypto Assets Conference 2024 (CAC24A), presented by the Frankfurt School Blockchain Center, is gearing up “illuminate the digital assets landscape; the global event is scheduled for April 16, 2024, in Frankfurt. This year’s gathering, the 10th annual conference, is designed to attract sector specialists, corporate pioneers and trailblazing entrepreneurs, who all come together to discuss and explore the cutting-edge of DLT, blockchain and crypto assets. This year’s CAC agenda will include insightful talks, interactive debates and presentations from industry thought leaders focused on digital assets and securities, tokenization of assets, Web3 and carbon tokens, Bitcoin and much more. The in-person and virtual event is expected to draw more than 450 on-site participants with more than 4,500 joining online. “During the current surge of Bitcoin, the tokenization of digital assets, and the creative use of blockchain technology, cryptocurrencies are reshaping the financial industry by questioning traditional norms,” the announcement stated. “The CAC24A is paving the way for a future characterized by innovation and exploration.”

To view the full press release, visit https://ibn.fm/8VrA8

About Crypto Assets Conference 2024

Crypto Assets Conference 2024 is focused on the dynamic landscape of digital currencies, where Bitcoin and Ethereum challenge traditional monetary constructs and the integration of DeFi into mainstream banking becomes an inescapable reality. In this setting, the world is witnessing the transformation of the digital assets realm in ways never seen before. With the power of Web3 poised to reshape societal engagements and tokenization, redefining the perception of ownership, the applications of blockchain technology are broader and more varied than ever. More and more, incumbent industries are adapting to these developments, making a future devoid of digital assets an unimaginable concept. Bringing together sector specialists, corporate visionaries, and innovative entrepreneurs, the Crypto Assets Conference in Frankfurt (#CAC24A) will take place on April 16, 2024, to explore the most current trends in DLT, blockchain and crypto assets. For more information, please visit www.Crypto-Assets-Conference.de.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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How Crypto, AI are Influencing Future of Finance

March 25, 2024 08:05:00

In recent years, the landscape of cryptocurrency has witnessed significant transformations. In addition to the stimulus-fueled boom of 2021, venture capital (VC) companies invested an astounding $33 billion in blockchain and cryptocurrency startups.

However, subsequent events such as the Federal Reserve’s interest rate hikes triggered a series of bankruptcies and collapses within the crypto market, including Terra (LUNA) and FTX. Further, despite initial optimism, the concept of Decentralized Finance (DeFi) encountered setbacks, including more than…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks — Bitop Exchange Enters Marks Milestone in Cryptocurrency Trading with Official Listing on CoinMarketCap!

March 22, 2024 14:34:06

Bitop Exchange, a global cryptocurrency exchange and financial services platform, is now officially listed on CoinMarketCap, the globally authoritative cryptocurrency market data provider. According to the announcement, CoinMarketCap offers a leading comprehensive data platform in the cryptocurrency market that provides traders with real-time and accurate market data and information. Being listed “marks the global recognition of Bitop Exchange’s strength in the field of digital currencies,” the company noted. Since its inception in 2018, Bitop Exchange has gained the trust of more than 100,000 users in more than 80 and regions. Recognized for its commitment to security, efficiency and innovation, Bitop Exchange has become a leading player in the competitive landscape of cryptocurrency exchanges. The listing on CoinMarketCap enables Bitop Exchange to connect with global cryptocurrency traders and begin a new chapter in the realm of digital asset trading. “This is a crucial milestone for Bitop in the cryptocurrency trading landscape, a testament to our ongoing efforts and innovation,” said Bitop Exchange CEO Ronnel Genova in the press release. “We are committed to providing users with a more secure, convenient and innovative cryptocurrency trading service, contributing significantly to the development of the cryptocurrency market.”

To view the full press release, visit https://ccw.fm/UeFJ3

About Bitop Exchange

Bitop is a global cryptocurrency exchange and financial services platform headquartered in Singapore. Bitop aims to provide users access to fast, secure and comprehensive digital asset transactions and management. The exchange supports spot trading and derivatives across 100-plus coin and 300-plus trading pairs including major cryptocurrencies such as Bitcoin, Ethereum, stablecoins, DeFi tokens, equity tokens and more. Bitop offers up to 100-times leverage for perpetual swaps and futures, as well as crypto options trading. Bitop focuses on robust security measures including industry-standard SSL encryption, two-factor authentication and antiphishing notifications. It has also implemented Know Your Customer identity verification in cooperation with blockchain analytics firm Coinsdo. More than half a year since Bitop was established, its global users now number more than 100,000 and are located in more than 80 countries and covering regions in mainstream regions such as North America, Europe and Asia-Pacific. Moving forward, Bitop plans to continue expanding its suite of investment products while adhering to compliance standards across jurisdictions. It aims to provide both professional and novice traders a transparent, efficient platform to access cryptocurrency financial services. With a commitment to security, compliance and customer support, Bitop seeks to drive mainstream crypto adoption worldwide. For more information about the company, please visit www.Bitop.com/en.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Crypto Funds Notch $2.9B Record in Weekly Inflows

March 22, 2024 08:05:00

Digital-asset investment products attracted a substantial $2.9 billion in funds during the week spanning March 11–15, 2024, surpassing the prior record of $2.7 billion, as reported by CoinShares. Year-to-date, these inflows have reached $13.2 billion, outpacing the total inflows seen in 2021, which amounted to $10.6 billion.

Throughout this period, trading volumes hit $43 billion, marking a record for the previous week and accounting for more than 47% of all Bitcoin volumes worldwide. Additionally, blockchain investments saw a notable turnaround, with inflows of $19 million after six consecutive weeks of…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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El Salvador Could Join List of Wealthiest Nations Because of BTC Holdings

March 20, 2024 08:05:00

El Salvador, a small yet densely populated nation in Central America, is poised to potentially emerge as one of the world’s wealthiest countries, thanks to its Bitcoin reserves. In September 2021, El Salvador made history by becoming the first country to embrace Bitcoin as legal tender. Subsequently, in November 2022, President Nayib Bukele announced the government’s decision to purchase a Bitcoin daily.

Despite facing criticism, President Bukele’s move has proven fruitful, with the government now holding more than 2,000 Bitcoins, valued at more than $150 million. The head of state also noted that there were no intentions to sell the substantial Bitcoin reserves. The nation stands to gain even more from the…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – SUIC Worldwide Holdings Ltd. (OTC: SUIC) Announces I.Hart Group Will Host Upcoming Event, Receives Role Model Status

March 19, 2024 10:52:33

SUIC Worldwide Holdings Ltd. (OTC: SUIC), a publicly traded technology company, announced that the Taiwan government has acknowledged its I.Hart Group as an exclusive catering group to host top franchise groups from 18 countries; the I.Hart Group has also been awarded the Role Model status, which reflects its excellence and innovation to global clients and partners. The company noted that the distinction will “advance I.Hart Group’s joint ventures that will bring together world-class business leaders” and further its initiatives in the U.S. and in global markets. During the upcoming event, I.Hart will be presenting its award-winning central kitchen, restaurant and product, along with awards won by its chefs and culinary teams in the past years, including the National Yushan Award received for three years in a row in the categories of Most Outstanding Enterprise, Outstanding Enterprise Leader and the Best Product special awards. SUIC’s I.Hart Group operates 150 franchised locations around the world and is focused on integrating more successful brands while also targeting 25 different brands to enter the U.S. franchise market.

SUIC is the biggest investor, shareholder and major operating partner of Beneway USA. “Our vision and passion seek and create viable solutions using our new-generation technologies will empower our partner merchants, franchisees and suppliers and make a difference for our customers around the world, forming our global technology hub in the process,” said SUIC CEO Hang Wang in the press release. “This is how SUIC applies innovation power to bring about enduring value to our shareholders and to the society. We are committed to building on this legacy as SUIC and Beneway move forward together.”

To view the full press release, visit https://ccw.fm/Big16

About SUIC Worldwide Holdings Ltd.

SUIC Worldwide Holdings provides research and development along with venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, blockchain and artificial intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from the company’s diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. For more information, please visit www.SINOUnitedco.com.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Thailand OKs Bitcoin ETFs as Restrictions on Listed Cryptos Ease Globally

March 18, 2024 08:05:00

Thai authorities have announced a shift in their approach to digital asset investment, permitting money managers to introduce private funds dedicated to U.S. Bitcoin spot exchange-traded funds (ETFs). However, this allowance extends solely to institutional investors and high-net-worth individuals.

Though its usage is still restricted, retail cryptocurrency trading is nonetheless widespread in the nation. In 2022, the government prohibited the use of cryptos for payments, and in July last year, it prohibited…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Empowering Issuers with Access to Global Investor Base, Suite of Innovative Tools

March 15, 2024 12:02:52

Upstream, a MERJ Exchange market and trading app, has published a blog article discussing how it empowers companies to engage with their shareholders and enhance investor relations (“IR”) through dual listing. The article, by Anastasia Samaras, notes that Upstream puts marketing at the forefront of dual listings, offering issuers a media package with ~$100k of IR value, featuring interviews, PRs, videos, and other collateral to amplify visibility and introduce companies to a global investor base who can access their shares on Upstream. “Upstream goes beyond traditional IR by providing smart-contract-powered shareholder engagement tools. Issuers are taking advantage of Upstream’s web3 technology with digital coupon campaigns to engage with shareholders and drive awareness or sales,” writes Samaras. “By joining Upstream, you gain access to a global community and a suite of innovative tools to build deeper connections, drive revenue and achieve long-term success.”

To view the full blog, visit https://ccw.fm/H6jnS

About Upstream

Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading app. Powered by a proprietary, transparency first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Bitcoin Crosses $72,000 as UK Opens Door to Crypto Products

March 15, 2024 08:05:00

Bitcoin surged again, hitting another all-time high. According to Coin Metrics, the leading cryptocurrency’s price soared 3% to $72,022.16, reaching a peak of $72,750.16. The digital currency experienced a volatile surge, marking new records for the first time since November 2021, followed by relatively calmer trading during the weekend.

The influx of investments into U.S. Bitcoin spot ETFs continues to be a significant driving force behind the crypto’s price momentum. CoinShares reported a record-breaking $2.7 billion inflow into digital assets last week, bringing the total investment to $10.3 billion, approaching the 2021 record of…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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BBB Says Crypto Fraud Is Riskiest Con Consumers Face

March 13, 2024 08:05:00

Crypto and investment frauds rank as the most perilous schemes in the United States presently, according to the Better Business Bureau (BBB). These fraudsters often deceive their victims, resulting in substantial financial losses, as revealed in the BBB’s annual report on the prevalent scams of 2023, compiled from approximately 67,000 reported incidents.

Last year, around 80% of U.S. citizens targeted by crypto fraud experienced monetary losses, with the median amount being $3,800. However, the losses incurred in crypto scams frequently exceed this figure significantly, according to CBS News’ Anna Werner, who specializes in…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Understanding the Why Behind Bitcoin’s Latest Surge

March 11, 2024 08:05:00

Bitcoin recently surged to an all-time high, surpassing its previous peak set more than two years ago. The digital currency exceeded its November 2021 high of nearly $69,000, although it retraced slightly later to hover around $64,000. Currently, Bitcoin boasts a market capitalization of about $1.3 trillion, constituting a significant portion of the overall $2.6 trillion crypto market.

One significant catalyst driving Bitcoin’s ascent since the beginning of the year has been the ETFs’ approval by the U.S. Securities and Exchange Commission (SEC) in January. ETFs are a collection of…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Bitcoin Soars to Highest Price Ever as More Money Invested in ETFs

March 8, 2024 09:00:00

Monday, March 4, 2024, saw Bitcoin soar to its highest price ever, ending a more than two-year period of stagnation that had many questioning the viability of the entire cryptocurrency industry. The trailblazing digital currency surpassed its previous high of $68,789 on Nov. 10, 2021, with a remarkable $68,791 in trading.

In recent months, the surge in Bitcoin’s value has been significantly boosted by the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC). This provided a gateway for traditional investors to add Bitcoin to their investment portfolios. The road to approval was lengthy, marked by…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – R.AI.SE Summit to Showcase First-Hand Insights, Latest Advancements in Generative AI

March 7, 2024 14:35:31

The R.AI.SE Summit, a gathering of 1,500 global leaders and generative AI pioneers, is heading to the prestigious Westin Paris Vendôme in Paris, France. Set for April 8, 2024, the landmark conference will bring together the corporate world and the top artificial intelligence builders to share first-hand insights on using generative AI to address essential business and societal challenges. The full-day Summit will feature over 90 expert speakers and 100 partners. It looks to welcome attendees with an array of keynotes, panels and workshops delving into the latest advancements and applications of generative AI. “AVEVA is committed to harnessing the power of all types of artificial intelligence, machine learning, advanced analytics and generative capabilities to build comprehensive digital ecosystems that boost collaboration, enable higher efficiency and drive competitive advantage,” Caspar Herzberg, CEO of AVEVA and board member of Schneider Electric, said of the event. “At R.AI.SE, we are pleased to share how leading companies are using such technologies, including generative AI, to shape a more sustainable future for global industries.”

To view the full press release, visit https://ccw.fm/ui2GB

About The R.AI.SE Summit

The R.AI.SE Summit is a cutting-edge gathering of 1,500+ global leaders dedicated to exploring the transformative power of generative AI on businesses. Organized by the company behind Paris Blockchain Week, the full-day conference features a buzzing agenda, workshops, exhibitions and networking to bring together some of the brightest minds in the artificial intelligence industry in person in Paris, France. Learn more at https://www.raisesummit.com.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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UK Regulations Easing Crypto Asset Seizures to Take Effect Soon

March 6, 2024 08:05:00

The United Kingdom government has released statutory instrument material that represents a major advancement in the field of cryptocurrency law enforcement. As per the provided material, authorities will have the right to freeze cryptocurrency assets linked to illicit activity as of April 26, 2024, even in the absence of an official conviction.

The announcement made public on Feb. 29, 2024, delineates the revisions introduced to the “Economic Crime and Corporate Transparency Act 2023.” These revisions extend authority to the UK’s crime agency, empowering it to confiscate and take cryptocurrency assets suspected of being involved in…

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CryptoNewsBreaks – Upstream Spotlights Its Dual Listing Program, Designed to Bridge the Gap Between International Investors and Companies

March 4, 2024 12:24:36

Upstream, a MERJ Exchange market and trading app, recently posted a blog article discussing the 12th episode of its “Upstream Up Close” series on Twitter Spaces. The series features 10–15 minute discussions on the exciting world of digital collectibles, Web3 and trading on the Upstream platform. Episode 12 delved into the Upstream Dual Listing Program. “[The program] is a key initiative offering companies that are listed on global stock exchanges such as NASDAQ, NYSE, OTC, Euronext, ASX, NSX, TSX, CSE etc., to dual list on Upstream and access a global investor base who can trade their shares from anywhere in the world. Upstream is only available to international investors. No U.S. investors may trade on Upstream,” reads the blog. “As it stands today, it is very difficult for global retail investors to access U.S., Canadian and other securities without going through a cumbersome process… There are hurdles typically involved for issuers trying to access a global investor base and for investors attempting to access these securities. Upstream addresses these hurdles by giving retail investors direct access to dual-listed equities from all over the world right from their smartphones. Most trading apps offer windows into exchanges but Upstream offers direct access to the exchange and the dual-listed equities, democratizing trading for all.”

To view the full blog, visit https://ccw.fm/rTZ3p

About Upstream

Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading app. Powered by a proprietary, transparency first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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US Judge Orders Government to Halt Attempts to Audit Crypto Miners’ Energy Use

March 4, 2024 08:05:00

The United States government has halted its efforts to monitor crypto mining operations due to concerns about increasing energy consumption, following a lawsuit by a sector accused of exacerbating the climate crisis by environmental organizations. A Texas federal judge has ordered a temporary injunction to stop the imposition of new regulations aimed at evaluating the energy use of cryptocurrency miners. According to the judge, if these restrictions were made mandatory, the crypto sector would be severely harmed.

An emergency initiative was launched last month by the U.S. Energy Department to assess how much energy mining activities used. These activities make use of a significant amount of processing power to solve intricate mathematical puzzles, making it easier to facilitate the addition of new tokens to a…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Bybit Research Shows Ether Overtook Bitcoin as Favorite Investment for Institutions

March 1, 2024 08:05:00

According to a recent report released by Bybit, institutional investors are favoring Ethereum (ETH) over Bitcoin (BTC) in their investment portfolios, in contrast to retail investors, who show more enthusiasm toward the latter digital currency. Bybit’s analysis, which polled traders who are active on the platform, revealed that institutions have boosted their allocation to Ether and Bitcoin, making up 80% of their portfolio. This shift is notably influenced by the awaited Dencun upgrade, particularly driving the significant bet on ETH.

Meanwhile, retail investors display a different pattern, demonstrating a lower concentration on Ether and Bitcoin while showing a stronger inclination toward alternative cryptocurrencies, or altcoins. Ether has surpassed Bitcoin with a 33% year-to-date rise, currently trading above $3,100. The surge is due to…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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How the Upcoming Bitcoin Halving Could Affect the Crypto Industry

February 28, 2024 08:05:00

Every few years, a significant event captivates the crypto world: Bitcoin halving. This eagerly anticipated occurrence slashes the rewards for Bitcoin miners in half, directly impacting the rate of production and the available supply. With the upcoming halving scheduled for 2024, speculation is mounting about its potential effects on the wider crypto market.

The looming question is: Will prices soar due to the reduction in new coin supply, or will the dwindling rewards undermine the crypto’s mining infrastructure? While the exact outcomes are uncertain, one thing is certain—this year’s halving will reverberate throughout the…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Coinbase Removes UTXO, Bitcoin from Merchant Platform

February 26, 2024 08:05:00

Leading cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) has made a decision to discontinue its support for Unspent Transaction Output (UTXO) and native Bitcoin from its merchant platform, Coinbase Commerce. For years, Coinbase Commerce has been a go-to choice for merchants interested in accepting payments in various cryptocurrencies, including Bitcoin. The platform has provided merchants with user-friendly tools such as hosted checkout, eCommerce options, payment buttons and invoicing via its API.

Coinbase head of product Lauren Dowling announced the decision on X on Feb. 18, 2024, noting that the move was prompted by difficulties faced while trying to integrate new updates into the…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks — Upstream Offers Dual-Listing Issues Global Exposure Opportunity

February 23, 2024 14:52:13

Upstream, the revolutionary retail trading app for stocks and NFTs powered by Horizon Fintex and MERJ Exchange Limited, is dedicated to becoming a pivotal trading venue that reaches out to new international investors while also leveraging its media community to increase visibility around an issuer’s Upstream listing. A recent article looks at how the trading app provides a distinctive blend of services and tools designed for issuers to meet the needs of today’s investors. Specifically, the article discusses Upstream’s global exposure process, which opens doors to international shareholders for increased liquidity potential while at the same time leveraging its strong media community and offering direct access for new global investors. Other benefits that Upstream offers when dual listing include a single global trading app, direct access to market, no short selling or other market manipulations, expanded hours and enhanced transparency, and spinoff share distributions. The app also accepts modern payment methods, which means issuers can access a global, retail investor-base that trades Canadian, U.S. and international dual-listed equities using credit or debit cards, PayPal, USD or USDC.

To view the full article, visit https://ibn.fm/d7GAX

About Upstream

Upstream, a MERJ exchange market, is a fully regulated global stock exchange. Powered by Horizon Fintex’s proprietary matching-engine technology, the exchange enables investors to trade shares in dual-listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. and international equities, and celebrity ventures directly from the app. For more information about the company, visit www.Upstream.Exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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BlackRock CEO Hints at XRP ETF Feasibility

February 23, 2024 08:05:00

BlackRock has sparked curiosity within the crypto community by suggesting the possibility of introducing an exchange-traded fund (ETF) based on XRP. Although there’s no official confirmation of immediate plans for an XRP spot ETF filing, speculations have surged after enigmatic remarks from BlackRock CEO Larry Fink along with its association with other crypto ETF proposals.

Fink’s reticent answer in a recent interview — “I cannot discuss that” —  in response to questions about an XRP ETF, was taken by XRP investors as a possible sign that BlackRock is thinking about the idea, which might boost the XRP market. However, the ongoing legal confrontation between the Securities and…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Providing Traders with Greater Trading Opportunities, Reduced Cuts from Intermediaries

February 16, 2024 13:05:14

Upstream, a MERJ Exchange market and trading app, today published a blog article discussing its introduction of trading without all the intermediaries that may eat into investors’ returns. Tiled “Trading without all the middlemen on Upstream,” the piece notes that most financial services are controlled by middlemen and central parties that facilitate trading, money transfers or asset purchases for commissions or fees. The article discusses the fallacious narrative surrounding 0% trading fees and the secretive stock lending of shareholders’ shares between broker-dealers. On its part, Upstream, a revolutionary exchange and user-friendly trading app giving U.S., Canadian and other global issuers access to a digital-first investor base who can trade company shares from anywhere, is differentiated from traditional apps thanks to its direct access and connection to the market and transparent orderbooks. Upstream removes stockbroker middlemen and market maker “members,” thus allowing traders to trade peer-to-peer.

“This allows users to trade without all of the intermediaries that may eat into investors’ returns, leading to greater trading opportunities and reduced cuts from middlemen,” reads the article. A smart-contract-powered market, Upstream has a transparent orderbook that is publicly accessible and cannot be altered. Moreover, the article explains, trades are executed and settled in real time, reducing the risk of market manipulation. “Our transparent order book leverages Ethereum smart contract technology, which allows for the automation of trading and settlement processes based on pre-defined rules and conditions,” the article continues. The blog piece lists Upsteam’s other advantages, which include a low one-price trading fee, no short selling or other market manipulation, direct access to the market 20 hours a day, 5 days a week, and one global trading app for investors around the world (non-U.S.).

To view the full blog, visit https://ccw.fm/4mMhu

About Upstream

Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading app. Powered by a proprietary, transparency first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Bitfarms Ltd. (NASDAQ: BITF) (TSX: BITF) Provides January 2024 Update

February 16, 2024 11:53:33

Bitfarms (NASDAQ: BITF) (TSX: BITF), a global vertically integrated Bitcoin mining company, recently provided an update for the month ended Jan. 31, 2024. The update covered Bitfarms’ mining operations, select operating and January 2024 financial highlights. According to the company, January mining operations generated 357 BTC compared to 446 BTC in December, which, according to Ben Gagnon, chief mining officer of Bitfarms, “reflects the typical higher curtailment during the coldest months and a return to more normal transaction fees as compared to the temporary spike experienced in December 2023.” The update pointed out that Bitfarms sold 357 BTC of the 357 BTC earned, generating total proceeds of $15.3 million. Per the January financial highlights, the company maintained BTC held in treasury at 804, representing approximately $34.6 million based on a BTC price of $43,000 at Jan. 31, 2024.

The update also noted that Bitfarms purchased land for the development of up to 100 MW production facility at Yguazu, Paraguay, and that its shipment of an 80 MW main transformer for the Paso Pe, Paraguay farm remains on schedule. “In 2024, we are embarking on an aggressive growth plan, targeting hashrates of 12 EH/s in 1H 2024 and 21 EH/s in 2H 2024,” said Geoff Morphy, president and CEO of Bitfarms. “The new farm development in Paraguay is expected to drive much of this growth. With land purchased for our 100 MW facility in Yguazu and shipment of the main transformer for Paso Pe, our expansion projects continued on schedule in January. This transformative fleet upgrade and growth plan are being undertaken to position Bitfarms to gain market share and be among the lowest cost producers during this Halving year, which is anticipated to be an inflection point for the industry.”

To view the full press release, visit https://ccw.fm/3kX71

About Bitfarms Ltd.

Founded in 2017, Bitfarms is a global, publicly traded Bitcoin mining company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service and multiple onsite technical repair centers. The company’s proprietary data analytics system delivers best-in-class operational performance and uptime. Bitfarms currently has 11 farms in production, one in expansion, one under construction, and one in development, in four countries: Canada, the United States, Paraguay, and Argentina. Powered by predominantly environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable, locally based and often underutilized energy infrastructure. To learn more about Bitfarms’ events, developments and online communities, visit www.Bitfarms.com.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Bitcoin Breaches $50,000 Level as Bull Run Continues

February 16, 2024 08:05:00

Bitcoin surged above the $50,000 mark on Monday, Feb. 12, 2024, reaching its highest point in more than two years. According to data from Coin Metrics, the price of the leading crypto rose by 4% to $50,168.36. Earlier in the day, it peaked at $50,334.00, marking its highest point since December 2021.

Meanwhile, ether also experienced gains, rising by more than 5.5% to $2,643.80, reaching its highest point since…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Reports Suggest Cryptocurrency Unit at SEC Could See Attorney Exodus

February 14, 2024 08:05:00

A Feb. 9, 2024, report by Charles Gasparino, a Fox Business contributor, has hinted at the imminent departure of experienced legal professionals from the United States Securities and Exchange Commission’s (SEC) digital assets and cyber unit. According to Gasparino, there has been a rise in resumes circulating among current SEC employees, suggesting a desire to explore other opportunities.

This comes amid growing dissatisfaction within the cryptocurrency industry regarding the perceived stringent approach of Gary Gensler, the commission’s chair, toward companies operating in the…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks — Upstream Offers Solutions to Hurdles for International Investors, Launches Exchange Dual Listing Program

February 12, 2024 11:47:45

Upstream, the revolutionary retail trading app for stocks and NFTs powered by Horizon Fintex and MERJ Exchange Limited, is working to create economic development for foreign exchanges and their issuers. As part of that focus, the company has announced its Exchange Dual Listing Program for 2024. “As it stands today, it is difficult for international investors to buy U.S.- and Canadian-listed securities,” a recent Upstream article stated. “Retail investors outside the U.S. and Canada don’t typically have streamlined access to purchase NASDAQ, NYSE, OTC, TSX, TSX.V, CSE or shares from smaller exchanges around the world without going through a cumbersome process. This may be limiting issuers’ ability to raise capital, increase liquidity and access new investors.” To meet this need, Upstream is offering companies that are already listed on stock exchanges such as NASDAQ, NYSE, OTC, EURONEXT, ASX, NSX, TSX, CSE, LSE, etc., to dual list on Upstream, resulting in the ability to access a global, digital-first investor base that can trade their shares using an app from anywhere in the world.

To view the full article, visit https://ccw.fm/PT9oC

About Upstream

Upstream, a MERJ exchange market, is a fully regulated global stock exchange. Powered by Horizon Fintex’s proprietary matching-engine technology, the exchange enables investors to trade shares in dual-listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. and international equities, and celebrity ventures directly from the app. For more information about the company, visit www.Upstream.Exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Report Shows Crypto Hacks Reduced by 98% in 2023

February 9, 2024 08:50:00

Last year, blockchain security was significantly developed, marked by a considerable $50 billion decrease in lost cryptocurrency assets. The decline reflects an evolution toward more robust security measures and the maturity of the decentralized finance (defi) network.

According to the year-end report released by the cryptocurrency security company Hacken, the money lost to scams and hacks decreased significantly, totaling $1.9 billion. This decline differs from prior years, suggesting that the sector has made significant progress in fortifying security procedures and effectively…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Thailand Announces VAT Exemption to Lure Crypto Traders

February 9, 2024 08:05:00

Thailand’s finance ministry recently announced plans to waive value-added tax, or VAT, on transactions involving digital assets, demonstrating the country’s efforts to become a major player in the market. The move intends to support the Thai digital asset sector and promote the use of digital assets for fundraising, as reported in a recent Bangkok Post article.

To facilitate this, the ministry has lifted the 7% VAT requirement on income from digital tokens and crypto trading, effective Jan. 1, 2024. The VAT exemption has no set expiration date, offering dealers and…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Cboe Canada Welcomes Fidelity with Expanded EFT Lineup

February 7, 2024 14:14:33

Cboe Canada has announced the return of Fidelity Investments Canada ULC (“Fidelity”) for the launch of seven new ETFs and ETF series. The new products join ten Fidelity ETFs and ETF series already listed on Cboe Canada and are now trading under the names and symbols as detailed in the announcement. Investors can trade units of all Fidelity ETFs and ETF series through their usual channels, including discount brokerage platforms and full-service dealers. “We’re incredibly excited to welcome Fidelity back to Cboe Canada today as they continue to expand their ETF lineup,” said Erik Sloane, chief revenue officer of Cboe Canada. “Fidelity’s new fund launches are timely, providing investors with additional strategies to manage current market conditions and future portfolio needs.”

To view the full press release, visit https://ccw.fm/yN1Ca

About Cboe Canada

Cboe Canada is Canada’s Tier 1 stock exchange for the purpose-driven innovation economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity and broad awareness including unfettered access to market data. Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future. Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.  For more information about Cboe Canada, visit www.Cboe.ca/en/home.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks — Paris Blockchain Week Hosts Press Event to Provide Sneak Peek of April’s Main Event

February 6, 2024 14:24:41

Paris Blockchain Week (“PBW”) hosted a press event in London last month in anticipation of April’s planned Paris Blockchain Week. Held Jan. 24, the press event was titled “Paris Blockchain Week Presents: A Taste of 2024 with Our Press Community.” The event was designed to give the media a peak at the planned agenda for the Upcoming blockchain week, including the cutting-edge discussions, industry leaders and innovative projects. The main Paris Blockchain Week event is scheduled for April 9–11, 2024. During the press event, three panels were held, discussing key topics in the ever-evolving blockchain and Web3 landscape, including the state of the industry and its growth potential; the future of transformative technologies; and the ever-shifting regulatory landscape surrounding blockchain and Web3. “The London press event was a resounding success,” said Paris Blockchain Week cofounder Michael Amar in the press release. “The enthusiasm in the room was palpable, and we’re thrilled to have offered a taste of what’s to come.”

To view the full press release, visit https://ccw.fm/Wq4ow

Paris Blockchain Week

Paris Blockchain Week is a leading organization in the blockchain/web3, dedicated to fostering innovation, collaboration, and knowledge sharing. As the premier event platform, we bring together thought leaders, industry experts, developers, entrepreneurs, investors, regulators, and enthusiasts from around the globe to explore the potential of blockchain technology and its transformative impact on various sectors. For more information about the event, please visit www.ParisBlockchainWeek.com

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Celebrates >12.5K Users

February 5, 2024 12:51:48

A recent blog written by Anastasia Samaras celebrates the achievement of a significant milestone for Upstream, a MERJ Exchange market and trading app, to amass a thriving community of over 12,500 users and counting, all eager to join the future of trading. “Upstream’s journey to 12,500 users has been two-fold. On one end, we have a pipeline of issuers interested in dual listing on Upstream to reach a global investor base seeking secure, fair and efficient trading experiences that can trade using credit cards, debit cards, PayPal, USD, or USDC, unlocking liquidity and enhancing price discovery,” Samaras writes. “As a smart contract-powered market, Upstream issuers are also taking advantage of our digital coupon (‘NFT’) strategy, turning engaged shareholders into customers and loyal customers into shareholders. Issuers may launch digital coupons to their shareholders to reward them, drive buzz towards initiatives, and bring new potential customers in.”

To view the full blog, visit https://ccw.fm/tMrwQ

About Upstream

Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading app. Powered by a proprietary, transparency first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Crypto Owners in 145 Nations Can Now Use Visa to Make Withdrawals

February 5, 2024 08:05:00

Leading global payment company Visa has introduced a new way to convert cryptocurrencies into fiat money without the need for centralized exchanges. In a major move announced on Jan. 30, 2024, Visa partnered with Web3 infrastructure vendor Transak to integrate crypto payments and withdrawals into its Visa Direct product.Users can now take out crypto straight from wallets such as MetaMask onto a Visa debit card.

The integration, which is already in effect, allows for frictionless crypto-to-fiat trades at any of the 130 million Visa merchant locations worldwide. Through the partnership, customers from 145 countries including the UAE, Cyprus, Singapore, Malta, Portugal and Turkey, can directly…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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The EU Proposes Regulations Tightening Controls on External Crypto Firms

February 2, 2024 09:35:00

Recently, the European Securities and Markets Authority (ESMA) put forth strict guidelines for cryptocurrency businesses located outside of the European Union (EU) that wish to provide direct customer service to EU clients. The action is in line with the EU’s MiCA regulatory framework for cryptocurrency markets, which was adopted last year and attempts to stop unfair competition. MiCA marks a major advancement in a sector where effective regulation has previously been hampered by national borders.

The most recent recommendations center on guiding regulators and cryptocurrency companies regarding the actual application of MiCA regulations to non-EU organizations that want to offer services to EU clients without having a physical presence within the EU. According to ESMA, MiCA restricts a…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Report Says Global Crypto Users Reached 580M Last Year

January 31, 2024 08:05:00

The global count of crypto owners experienced an upswing in 2023, surging by 34% to reach a massive 580 million by December, according to a recent Crypto.com report. Remarkably, the surge in crypto adoption occurred against the backdrop of various macrochallenges, including the pandemic’s aftereffects, changes in Western central banks’ monetary policies to control inflation, and geopolitical tensions in the Middle East and Europe.

According to the report, Bitcoin ownership experienced a 33% increase, rising from 222 million at the start of 2023 to a staggering 296 million by year-end, claiming 51% of the global crypto community. On the other hand, ethereum ownership grew from 89 million in January to 124 million in December, a 39%…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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CryptoNewsBreaks – Upstream Further Unlocking Opportunity in the Future of Blockchain-Powered Trading

January 29, 2024 12:24:30

A recent blog written by Fernanda De La Torre highlights opportunities in the future of trading with spot bitcoin exchange-traded-funds (“ETFs”) coupled with the power and capabilities of its market and app. “Following the SEC’s recent approval of the first U.S.-listed bitcoin ETFs on Jan. 10, 2024, aimed at tracking bitcoin’s performance, Upstream is excited to announce that we are accepting applications for bitcoin ETFs to list on our global market,” De La Torre writes. “Upstream, a regulated MERJ exchange market and global trading app, is actively accepting applications for bitcoin ETFs to list, giving applicants access to a global, digital-first investor base to access their ETF shares from anywhere using a trading app. Just as bitcoin ETFs aim to provide streamlined access to crypto for investors, Upstream strives to offer investors streamlined access to securities from exchanges worldwide. Upstream is designed to remove the barriers typically involved when opening a digital wallet. Users can simply download Upstream, create a password, which in turn establishes a digital wallet on the backend. All blockchain technology and digital wallet creation occur under the hood. Bitcoin ETFs are unlocking a whole new pool of investors. We believe Upstream can push that further, with its market being powered by the same technology that gives digital currencies their value.”

To view the full blog, visit https://ccw.fm/AUSlD

About Upstream

Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading app. Powered by a proprietary, transparency first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Despite Trading Ban, Underground Cryptocurrency Market Thrives in China

January 29, 2024 08:05:00

Despite the prohibition of cryptocurrency trading in 2021 by the Chinese government, reports indicate an active black market in the country. According to a Wall Street Journal (WSJ) article, investors are navigating the stringent regulations through informal networks, utilizing social media, VPNs and in-person trading.

China is a region that has some of the strictest regulations in the world regarding cryptocurrency trading, with authorities vigorously pursuing those involved in the sector. Perpetrators face the threat of arrest, penalties or jail time. But according to the WSJ, some Chinese dealers have not been deterred by these…

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CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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Crypto’s Presence at Davos Shows Industry Is Regaining Shine

January 26, 2024 09:35:00

The crypto sector is reviving in the Swiss Alps, but its presence at the World Economic Forum (WEF) this year is more muted than it was in the heyday of crypto fever after a series of substantial declines in pricing and the turbulent demise of the crypto exchange, FTX, in November 2022. Notwithstanding these obstacles, influential figures in the cryptocurrency space flocked to Davos recently, spurred on by a recent victory.

The U.S. Securities and Exchange Commission (SEC) approved the trading of Bitcoin-backed investment funds a few days prior to the event. The approval marked a substantial victory for the…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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New X Payment Account Spurs Speculation in Crypto Community

January 24, 2024 09:35:00

X (formerly known as Twitter) has recently established a dedicated account signaling the imminent integration of a payment feature, sparking curiosity within the cryptocurrency community regarding the potential inclusion of digital assets. There is widespread speculation that X’s upcoming application update, expected by mid-2024, will introduce in-app payment services. However, the details about whether this feature will support transactions beyond conventional fiat currencies remain unconfirmed.

While the newly created account has yet to share any posts, its verification status, indicated by the gold badge, confirms its legitimacy as an official organizational account. Furthermore, the presence of the…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CryptoNewsBreaks — Bitop Exchange Expands Global Business with Official Entry into the Brazilian Market

January 19, 2024 15:35:23

Bitop Exchange, a leading cryptocurrency exchange platform providing a secure, comfortable and equitable digital asset investment environment for users worldwide, today announced its official entry into the Brazilian market. Bitop Exchange officially launched in the Brazilian market earlier this month, giving digital asset traders in Brazil a richer array of trading options. The company noted that the entry solidifies its leading position in the South American market and marks a significant milestone in expanding its global business. The company also announced an exclusive promotion tailored to its Brazilian users set to run for three months, from Jan. 1 to March 30, 2024. In addition, Bitop Exchange has launched its official app on the Brazilian App Store to ensure users enjoy a top-notch trading experience. Android or iOS users can easily download the app either from Google Play or the App Store. Bitop Exchange fully supports Portuguese, which is Brazilian users’ native language, as well as direct purchases of digital currencies using the PIX platform, making fiat-to-crypto purchases a reality.

To view the full press release, visit https://ccw.fm/1Os9a

About Bitop Exchange

Bitop Exchange is one of the world’s leading cryptocurrency trading platforms, dedicated to offering users secure, stable and efficient digital asset trading services. Leveraging continuous innovation in technology and extensive market experience, Bitop Exchange not only creates additional value-added services for users but also propels the advancement and development of the entire industry. To learn more about Bitop, visit www.Bitop.com.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CryptoNewsBreaks – Upstream Eyes Opportunity in Future of Blockchain-Powered Trading

January 19, 2024 15:27:23

blog written by Vanessa Malone highlights the recent granting of approval by the U.S. Securities and Exchange Commission for the first-ever U.S.-listed exchange-traded funds (“ETFs”) designed to track the performance of bitcoin. The development is widely regarded within the industry as a significant and pivotal moment for the cryptocurrency and greater blockchain sector. The piece describes ETFs as publicly traded investment vehicles that track the value of an underlying asset. Spot bitcoin ETFs are described as investment vehicles that provide ordinary investors exposure to the price moves of bitcoin from their regular brokerage accounts. “The purpose of this kind of ETF is to mirror the price of bitcoins in the crypto market so investors can get exposure to bitcoin without going through the process of opening an account on a crypto exchange, creating a digital wallet, connecting the two, and holding their own crypto… The recent approval of bitcoin ETFs marks a significant milestone in the cryptocurrency landscape, ushering in a new era of more regulatory clarity… According to an interview from CNBC with Coinbase CEO, Brian Armstrong, 52 million Americans already use crypto. This is despite the barriers to entry, which include the complexities of crypto exchanges, digital wallets and private keys, which can be intimidating to some. A bitcoin ETF removes some of these barriers, bringing digital currency to both retail investors and institutions who can gain exposure to this asset class through traditional brokerage accounts. As also stated by Armstrong in the CNBC interview, this move is expected to inject significant liquidity into the sector,” Malone writes.

“As a smart-contract powered market and trading app, Upstream finds the news very promising. This development not only provides investors with a more accessible avenue to participate in the crypto market but also has broader implications for the adoption of blockchain technology. With clearer regulations in place, market participants may find themselves more comfortable exploring the benefits of smart-contract powered applications. The trust instilled by the approval of bitcoin ETFs could lead to increased confidence in utilizing blockchain-powered markets, such as Upstream, where the benefits of decentralized technology are harnessed to create a more seamless and secure securities trading experience for issuers and investors.”

To view the full blog, visit https://ccw.fm/ieXaN

About Upstream

Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading app. Powered by a proprietary, transparency first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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Bitcoin ETFs in the US See $4B-Plus in Inflows as Trading Starts

January 19, 2024 09:35:00

Bitcoin ETFs listed on U.S. exchanges witnessed a trading volume of more than $4.5 billion on Jan. 10, 2024, a day after the U.S. Securities and Exchange Commission (SEC) approved several Bitcoin spot ETFs, according to data from LSEG. The new products signify a crucial moment for the crypto industry, challenging the prevailing perception of digital assets as risky and exploring their potential as mainstream investments.

The long-awaited approval from the SEC arrived last week, concluding a long battle with the crypto sector. The commission had consistently rejected all Bitcoin spot ETFs on claims of investor safety. SEC chair Gary Gensler stated that the approvals did not amount to Bitcoin endorsement, characterizing it as…

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About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

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CryptoNewsBreaks – Nate’s Food Co. (NHMD) Secures $5B Jet Fuel Purchase Order

January 18, 2024 13:26:27

Nate’s Food Co. (OTC: NHMD) today announced that it has successfully secured a purchase order for 49,000,000 barrels of jet fuel, with an estimated value of nearly $5 billion based on current Platts pricing. The initial transaction was for 1,000,000 barrels with subsequent monthly deliveries of 4,000,000 barrels of jet fuel for a duration of 12 months. The order was driven by Nate’s recent joint venture (“JV”) partnership, announced last week, which has enabled the company to ensure a consistent and reliable supply of jet fuel from a reputable refinery. The JV streamlines the entire process between Nate’s JV partner and its buyers.

To view the full press release, visit https://ccw.fm/pEsxT

About Nate’s Food Co.

Nate’s is a dynamic and forward-thinking company dedicated to providing high-quality solutions to its clients, with a strong focus on the commodity business.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

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