Former Singapore Parliamentarian’s Swiss Digital Assets Company Receives Regulatory Approval

indie 10 2 月

3 minutes

Calvin Cheng's Damoon Technologies has obtained membership status from the Swiss Financial Services Standard Association (‘VQF'), which is officially recognised by the Federal Financial Market Supervisory Authority (‘FINMA')This comes on the back of Cheng's Web3 Company obtaining the Virtual Asset License from the Dubai Virtual Asset Regulatory Authority (VARA)Damoon will offer crypto-fiat-crypto payment services, as well as a digital assets custodianZURICH, SWITZERLAND, Feb 10, 2023 - (ACN Newswire via SEAPRWire.com) - Singapore investor and former parliamentarian Calvin Cheng's Swiss company, Damoon Technologies (‘Damoon') has been granted membership in the Swiss VQF, joining the ranks of some of the world's leading digital assets businesses.The latest development officially opens the door for Damoon to establish a presence in Switzerland. Thedigital assets company is building a platform for users to engage in crypto- to-fiat payments and vice versa, as well as a digital assets custody service.VQF is the largest and oldest cross-industry Self-Regulatory Organisation (SRO) in the country and is officially recognised by FINMA, Switzerland's financial services watchdog.Damoon must n...

ACN Newswire

FTX Trading Bankruptcy: Protecting Your Company’s Interests

indie 2 2 月

4 minutes

NEW YORK, NY, Feb 2, 2023 - (ACN Newswire via SEAPRWire.com) - Zuber Lawler is representing entities who received investments from Alameda Research and FTX Ventures. Alameda Research and several other FTX-related entities have filed bankruptcy proceedings in Delaware. These multiple filings are all being administered under one matter, In re FTX Trading, USBC Case No. 22-11068. Most first and second day motions have been heard and either have been granted or are currently pending. Things are moving forward.On January 18, 2023, FTX debtors moved for an order authorizing and approving procedures for a sale or transfer of what they have termed as "de minimis assets." FTX debtors define "de minimis assets" as investments and/or interests held by FTX debtors, including Alameda Research, in privately held companies, which (according to FTX debtors) can be easily separated from the debtors' core operations, will not disrupt the core operations, and will generate less value to the estate than other assets. FTX debtors state that the de minimis category includes approximately 185 investments made for $1 million and below, approximately 75 investments made between $1 million and $5 million ea...

ACN Newswire

Coinbase and GenTwo Digital announce partnership for custody and execution

indie 17 1 月

4 minutes

ZURICH, SWITZERLAND, Jan 16, 2023 - (ACN Newswire via SEAPRWire.com) - GenTwo Digital, the Zug-based subsidiary of GenTwo AG, today announces a partnership with Coinbase, the publicly-listed cryptocurrency platform. GenTwo Digital, the leading provider of innovative securitization platforms is herewith extending the investment universe on digital assets for professional investors. This allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue innovative certificates such AMC's (Actively Management Certificates). Any financial intermediary can create white labelled investment products in collaboration with GenTwo Digital and execute via Coinbase's platform. Lucas A. Ereth, Managing Partner, GenTwo DigitalLucas A. Ereth, Managing Partner GenTwo Digital, says: "Through this partnership, GenTwo and Coinbase are not only providing a secure institutional gateway to crypto assets, but also helping GenTwo to fulfil our mission of expanding the investment universe, while creating a more open financial system for the world."Coinbase is the leading online platform for buying, selling, transferring, and storing crypt...

ACN Newswire

GMEX Group Wins Best Development in FinTech of the Year

indie 28 11 月

3 minutes

LONDON, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - GMEX Group ('GMEX'), a leader in digital business and technology solutions for capital markets, is proud to announce that it has been awarded Best Development in FinTech of the Year by Crypto AM for its GMEX Pyctor institutional-grade digital assets technology. These coveted awards are judged by an independent, expert panel of industry leaders. GMEX competed with other finalists including Revolut to win.GMEX Pyctor ('Pyctor') was acquired earlier this year by GMEX after being successfully incubated in ING Neo's innovation lab. It has been jointly developed in collaboration with multiple blue-chip financial institutions (both asset managers and banks) and regulators. This leading fintech provides regulatory compliant digital assets network and digital custody technology, and is designed for firms operating in regulated environments. It offers highly secure digital custody and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains.GMEX Group is in its tenth anniversary year. While its business started in traditional finance, develop...

ACN Newswire

Komainu Secures MVP Licence from Dubai’s Virtual Assets Regulatory Authority

indie 24 11 月

3 minutes

DUBAI, UAE, Nov 23, 2022 - (ACN Newswire via SEAPRWire.com) - Komainu (Custodian), a regulated digital asset custody provider built by institutions for institutions, has announced today that it has received the minimal viable product (MVP) licence from Dubai's Virtual Assets Regulatory Authority (VARA), following the issuance of its provisional approval in July 2022. The MVP licence means that Komainu can offer an approved range of virtual asset related services to institutional investors in Dubai within an internationally benchmarked legislative framework for virtual asset service providers (VASPs) following completion of its readiness requirements. The transition to an MVP licence, from a provisional approval received earlier this year, means Komainu can provide institutional clients in the UAE with: - Virtual Assets Custodial Services- Virtual Assets Management ServicesKomainu MEA FZE is the first 'dedicated" institutional digital asset custodian to receive its MVP licence approval from VARA.VARA is the world's first specialised regulator for the virtual assets sector. Established in March 2022, following the effect of Law No.4 of 2022, VARA is responsible by decree for licensin...

ACN Newswire

Moonstake Joins StakingRewards VPP as A Top 10 Provider Globally

indie 12 10 月

4 minutes

SINGAPORE, Oct 12, 2022 - (ACN Newswire via SEAPRWire.com) - Today, Moonstake is proud to announce that we are now officially a Verified Provider as part of StakingRewards' Verified Provider Program! We join the VPP family as a top 10 staking provider worldwide trusted by users and leading PoS blockchain projects across the globe.The Verified Provider Program (VPP) is an initiative by StakingRewards to increase trust, transparency, and reliability in the staking industry by verifying that Providers meet a set of criteria relating to risk management, longevity, and security measures. The program aims to help investors make confident decisions about Staking Providers by conducting rigorous due diligence on the provider's operations and security setup to determine if their service truly provides users with Reliability, Security, Accountability, Liability. Additionally, they also calculate a "Value-Added Score" that considers things like customer service, value-added services offered, decentralization ethos, and governance participation. As a Verified Provider, Moonstake is proven to provide an outstanding staking platform with exceptional user experience, be it in asset management and...

ACN Newswire

Moonstake Officially Supports The Ethereum Merge

indie 19 9 月

4 minutes

SINGAPORE, Sep 19, 2022 - (ACN Newswire via SEAPRWire.com) - Today, Moonstake is thrilled to announce that we will officially support the Ethereum Merge. This event marks the full transition of the Ethereum network to Proof-of-Stake and will finally enable users to stake and earn from their ETH assets. We are proud to be one of the first platforms in the world to officially support the new Proof-of-Stake ETH.The Ethereum Merge will undoubtedly bring about exciting developments for the market as well as many benefits to crypto users. We have an insight article on the impact of this event and why you should care here( https://moonstake.io/everything-about-ethereum-merge/) , so check it out if you're interested. Moonstake users do not need to take any action to access the new Proof-of-Stake ETH. All your ETH funds on Moonstake will remain secure when the Merge takes place.Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's ...

JCN Newswire

MC and InfraRed Named Preferred Bidders for UK Offshore Transmission Asset

ruth 9 9 月

2 minutes

TOKYO, Sep 9, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce that MC and InfraRed Capital Partners (InfraRed) have been selected as the preferred bidders for a new offshore electricity transmission link in the UK. MC's partnership with InfraRed comes via its UK-based, wholly owned subsidiary Diamond Transmission Corporation Limited (DTC). The acquisition of this link will make DTC the operator of ten offshore transmission assets in the UK with a combined total of 784 kms of cable, thus adding to its already largest share of the market. Valued at approximately 190 billion yen, the assets in question comprise subsea cables, land cables, offshore substations and an onshore substation that connect with the 1,386 MW capacity Hornsea Two offshore wind farm situated approximately 90 km off the UK's northeast coast. MC and InfraRed will operate this electricity transmission business for a 24-year period, following successful acquisition of the assets and the granting of an Offshore Transmission Owner license by the UK's Office of Gas and Electricity Markets (Ofgem). To operate the business efficiently, DTC will leverage its experience running i...

SeaPRwire

PlayEstates Launches First Gamified Platform with Real Estate Backed Assets

pandora 18 7 月

4 minutes

Los Angeles, CA, July 18, 2022 – (SEAPRWire) – PlayEstates is proud to announce the launch of its first gamified platform with real estate backed assets. Real estate is one of the best wealth-creating industries, and several efforts have been made to replicate the same business structure in the virtual gaming world. There are many play-to-earn games related to real estate, but they do not provide actual monetary returns for the players beyond the enjoyment of the games. To address this issue, PlayEstates has launched the first-of-its-kind Web3-based game to reward gamers on their platform. The company has developed an unique gamefi platform where gamers can monetize their gaming habits and build real-life passive income. “We want gamers not only to succeed and have a blast in contents they love, but also be able to earn like pros, and build real assets in the physical world,” the company’s CEO William Guo said. Using the PlayEstates platform, gamers can play blockchain-based games through a gamified model and, most importantly, create wealth and secure fractional ownership of IRL real estate assets. In short, PlayEstates is making owning property in the real world through the onlin...

ACN Newswire

ING spins out Pyctor digital assets technology to GMEX Group

indie 12 7 月

4 minutes

London and Amsterdam, Jul 12, 2022 - (ACN Newswire via SEAPRWire.com) - ING announced today that it has spun out Pyctor to GMEX Group ("GMEX"), a leader in digital business and technology solutions for exchanges and post-trade market infrastructure. Pyctor's digital post-trade market infrastructure technology is designed for firms operating in regulated environments. It provides highly secure digital custody and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains. Pyctor was incubated in ING Neo's Amsterdam innovation lab, in collaboration with major financial institutions and regulators.Pyctor is now a service offering within GMEX. Hirander Misra is appointed Chairman of Pyctor with other senior appointments to be announced in due course. ING will continue its relationship with Pyctor and collaborate through ING's digital assets team. Olivier Guillaumond, Global head of innovation Labs & Fintechs, ING commented: "After spinning out Stemly last year from ING Labs Singapore, Pyctor has been another innovation success story at ING Neo. ING Labs incubated Pyctor leveraging ING's DLT ...

SeaPRwire

PlayEstates Web3 Gaming Platform Launches Its Fractional Ownership Model where Gamers Own IRL Real Estate Assets

pandora 12 7 月

4 minutes

Los Angeles, CA, July 11, 2022 – (SEAPRWire) – PlayEstates, a Web3 gaming platform, has launched its fractional ownership model, which allows gamers to own real-world real estate assets. The team is riding on the rise of play-to-earn gaming to build a revolutionary project accessible to everyone around the world. With the launch of the fractional ownership model, PlayEstates became the first non-fungible token (NFT) gaming platform backed by real-world real estate assets. The real estate industry is the largest asset class globally, and there is currently a huge fear of missing out (FOMO), especially among the younger generation. As a GameFi platform, PlayEstates collateralized its ecosystem to real estate, proving to be one of the strongest investment vehicles in our world, enabling users to earn and build wealth while enjoying varieties of games and the fun that comes with it. Unlike most existing play-to-earn gaming platforms, PlayEstates enables its gamers to build wealth through gaming, and own real estate assets one piece at a time. Its mission is to help the vast majority of people gain financial independence as they seek to build generational wealth. The PlayEstates’ Fracti...

SeaPRwire

VC Holdings Announces 2021 Annual Results

pandora 2 4 月

5 minutes

Achieves Profit for the Year attributable to the Owners of the Company of HK$15.2 millionBroadening Revenue Streams and Bringing New Impetus for Sustainable Growth HONG KONG, Mar 31, 2022 – (ACN Newswire) – Value Convergence Holdings Limited (“VC Holdings”, together with its subsidiaries, the “Group”; Stock Code: 0821.HK), a well-established and one-stop financial services institution in Hong Kong, is pleased to announce its annual results for the year ended 31 December 2021 ( the “Reporting Year”). During the Reporting Year, the Group delivered strong performance in its financial service business. Boosted by its promising business performance, revenue from continuing operations increased by approximately 32% to approximately HK$90.6 million during the Reporting Year (2020: HK$68.4 million). The Group successfully achieved a business turnaround with profit for the year attributable to the owners of the Company of approximately HK$15.2 million, against a loss of approximately HK$31.7 million in 2020. Basic earnings per share from continuing and discontinued operations were HK0.81 cents (2020: Basic loss per share of HK2.36 cents). Mr. Peter Fu, Chairman and Executive Director of Val...

SeaPRwire

Cylum Launches Highest APY Staking Reward in the Crypto Space

pandora 1 4 月

3 minutes

London, UK, April 1, 2022 – (SEAPRWire) – Cylum Finance, a DeFi 3.0 platform, has launched the highest APY staking reward in the crypto industry. Over the years, crypto investors and traders have staked their assets for relatively average returns. Although these investors earned interest on their staked crypto assets, there is huge room for improvement. Offering an increase in APY for staked assets will undoubtedly incentive more investors to enter the market. The mission of the Cylum project is to give crypto investors a more profitable reason to stake their assets on its platform. Cylum Highest APY Reward Cylum offers up to 395,677% APY within the first year for investors who hold the $CYM token. Since the history of crypto staking, no project has offered investors such high returns on their investment. The unique smart contract that powers Cylum’s APY leverages compound interest in its reward system. As a result, all investors earn rewards every minute of the day with Cylum. The team plans to increase the earnings of investors with the launch of the mainnet offering. The mainnet also has a multi-chain decentralized application (Dapp) developed to offer users more utility within ...

ACN Newswire

Moonstake to Establish Moonstake Gaming Guild (MSGG) to Enter GameFi Business

indie 15 3 月

5 minutes

SINGAPORE, Mar 15, 2022 - (ACN Newswire via SEAPRWire.com) - Moonstake today announces the formation of the Moonstake Gaming Guild (MSGG) as the staking provider makes its full-scale entry into the GameFi market.GameFi is a term combining the words "Game" and "Finance", referring to games where you can earn from playing. Specifically, in-game currency, tokens, characters, and items backed by blockchain technology can be bought and sold by players on crypto asset exchanges and marketplaces. GameFi is a market that has been growing rapidly, led by the "Axie Infinity" GameFi project which has been especially popular in Southeast Asia since 2021. The GameFi domain is expected to exceed $68 billion* and is attracting widespread attention even outside of the crypto asset industry.GameFi is creating new businesses with its innovative model and Moonstake will help create new jobs by establishing and operating gaming guilds. We will provide gaming know-how and lend strong characters and weapons through the global connections promoted by Moonstake. Moonstake hopes to address one of the major goals of the SDGs, "End Poverty," via the creation of new jobs.*What is a Gaming Guild?Gaming Guild i...

SeaPRwire

Private jets, superyachts, luxury homes: Seizing assets of Russian oligarchs trickier than sanctions

elean 4 3 月

0 min

ACN Newswire

Moonstake Collaborates with deBridge to Enable Cross-chain Bridge for Assets and NFTs

indie 14 2 月

4 minutes

SINGAPORE, Feb 14, 2022 - (ACN Newswire via SEAPRWire.com) - Today, Moonstake is happy to announce our collaboration with the innovative cross-chain interoperability and liquidity transfer project deBridge. Through this collaboration, Moonstake will become a validator for the deBridge network that facilitates seamless bridging of any arbitrary asset and data, and NFTs across a wide range of blockchains including Ethereum, Binance Smart Chain, HECO, Arbitrum, and Polygon initially, with many more to come. Their infrastructure is enabling interoperability not only for assets and data, but also for NFTs and Metaverses.Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. Currently, Moonstake supports 14 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, and Shiden. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1.8 Billion and by June 2021, Moonstake...

SeaPRwire

IQeon Announces Its Expansion from a Gaming Project into a Fintech Project

pandora 26 1 月

5 minutes

Tallinn, Estonia, January 26, 2022 – (SEAPRWire) – IQeon, the PvP gaming platform which enables users to monetise their in-game achievements, has announced it is expanding from a gaming project into a fintech project. IQeon has developed IQEX – a line of new products and services that brings together fintech areas like personal finance, payments, transfers, security, AI and cryptocurrencies. Vadim Dovguchits, CEO and Founder of IQeon, said: “Our goal is to create a self-sufficient environment for businesses and users, from the gaming industry to e-Commerce, from crypto trading with tokenised assets to shopping with your crypto card. We aim to unite worlds, taking only the best from them.” The IQeon gaming platform provides gamers around the world the opportunity to monetise their gaming achievements without intermediaries. These gamers would also compete in over 20 browser games of various genres, including shooters, races, platformers, puzzles and others. Multiple game modes are available to players, such as single training, multiplayer free competitions, or matches for IQN token in which a player with the best result in a match receives the IQN reward. The IQeon ecosystem consist...

ACN Newswire

American Blockchain PAC Launches to Advance Blockchain and Cryptocurrency Innovation in America

indie 12 11 月

2 minutes

Washington, D.C., Nov 12, 2021 - (ACN Newswire via SEAPRWire.com) - The American Blockchain Political Action Committee (PAC) has officially launched its goal to raise $300 million dollars to advance and support present and future innovation of digital assets and blockchain in the United States. The American Blockchain PAC seeks to advance American innovation and dominance by challenging all proposed federal legislation, including the bipartisan Infrastructure Investment and Jobs Act (2021), that would place regressive taxation onto cryptocurrency exchanges, digital asset transfers, miners, node operators, Bitcoin ATM operators, and software developers. "As federal officials seek policy methodologies to navigate how public blockchain platforms and innovators should be regulated, the American Blockchain PAC will serve as a critical source of knowledge and information for donors and decision-makers on issues impacting this ecosystem," American Blockchain PAC Founder Todd White said. "There are several key initiatives the PAC will be steering, such as leading efforts to build a vanguard of new Congressional candidates and reelecting officials who believe in and support cryptocurrency-b...

SeaPRwire

How to trade in digital currencies and what are the risks

elean 16 10 月

1 minute

A: Digital assets are issued and transferred using blockchain technology. They include private cryptocurrencies, central bank digital currencies and non-fungible tokens. Private cryptocurrencies are digital assets that are not issued by any government and are not backed by any asset or issuer. They are secured by cryptography so they cannot be forged. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

ACN Newswire

StraitsX surpasses SGD 2 billion mark in digital assets-related transactions in 2021 and unveils new platform

indie 11 10 月

4 minutes

SINGAPORE, Oct 11, 2021 - (ACN Newswire via SEAPRWire.com) - StraitsX, Southeast Asia's pioneering digital assets platform developed by Xfers, a Singapore-based FinTech licensed by the Monetary Authority of Singapore (MAS) for e-money issuance, today announced that it has surpassed the SGD 2 billion mark in digital assets-related transactions on its payment platform in 2021 alone.Aymeric Salley, Head of StraitsX, said, "The growth in transactions shows that investors are increasingly exploring digital assets as an alternative form of investment that offers liquidity and returns. Meanwhile, central banks around the world are examining the potential benefits of digital and decentralised financial systems. Recently, we have been shortlisted in the MAS Global CBDC Challenge together with our partner SEBA Bank to explore innovative retail CBDC solutions to enhance payment efficiencies, and we intend to intensify our efforts working hand-in-hand with both regulators and digital assets market participants to enable such transformation."Rebranding and Transformation for better user experienceAdding on to this announcement is the unveiling of StraitsX's new platform and identity. The new St...

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