Author: CryptoCurrencyNews

Grexie Signchain Launches on November 1st, 2024: Enabling Smart Contract Developers to Bring Off-Chain Data On-Chain with Seamless Gas-Paid Signing

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Grexie Signchain enables developers to sign off-chain data into smart contracts, with self-hosted or secure vault signer wallet management.

MANCHESTER, England, Oct. 17, 2024 /PRNewswire/ — Grexie Limited proudly announces the launch of its innovative smart contract solution, Signchain, on November 1st, 2024. Designed specifically for developers, Signchain introduces a powerful way to bring off-chain data on-chain through user-paid gas fees and secure signing of data into smart contract methods using its extendable smart contract, Signable.

Signchain Data Flow

In the growing landscape of blockchain technology, securely managing off-chain data and integrating it into on-chain smart contracts has posed significant challenges for developers. Signchain eliminates these hurdles by offering a robust, gas-efficient system for signing and authenticating data in real-time.

Key Features of Signchain:

1. Seamless Off-Chain to On-Chain Data Integration
Signchain enables developers to securely bring off-chain data on-chain by signing it directly into smart contract methods through user-paid gas fees. This integration ensures that data authenticity is preserved, and its entry into the blockchain remains tamper-proof, streamlining processes for industries relying on real-world data verification. Signchain also supports integration with Google Sheets, AWS, and Firebase, making it easy to pull data from popular off-chain data sources.

2. Extendable Smart Contract – Signable
The core of Signchain’s technology is its extendable smart contract, Signable, which allows developers to customize and build upon existing smart contracts. With Signable, developers can easily implement contract signatures for any data type, offering flexibility across industries from finance to logistics and beyond.

3. Signer Wallet Management
Signchain offers comprehensive signer wallet management as part of its service, empowering developers to manage and authenticate signers effectively. Wallets can either be self-hosted using Signchain’s Docker container for those who prefer their own infrastructure, or they can leverage Signchain’s network of secure vaults for maximum security.

4. Self-Hosted or Managed Service
For developers who want full control of their infrastructure, Signchain provides a self-hosted option via Docker containers, allowing them to deploy the platform on their own servers. Alternatively, developers can opt to use Signchain’s secure vault network, offering a hassle-free solution with enterprise-grade security and wallet management.

5. User-Paid Gas Fees
By integrating a user-paid gas fee model, Signchain allows users to cover the costs of signing and authenticating their data, ensuring the signing process is efficient and doesn’t overburden developers with additional expenses. This makes Signchain an ideal solution for dApps and platforms handling high transaction volumes.

6. Google Sheets, AWS, Firebase Integration with Serverless Model
Signchain supports integration with Google Sheets, AWS, and Firebase in a serverless model, powered by a hosted Sign In With Ethereum (SIWE) implementation provided by Signchain’s API. Developers can simply connect their Google Sheets and configure the contract parameters associated with each column. Signchain will automatically look up the user’s wallet address in the spreadsheet, sign the transaction data, and execute it in the blockchain along with any user-supplied parameters. This creates an easy, efficient way to manage data inputs from off-chain sources without heavy infrastructure setup.

Revolutionizing Smart Contract Workflows

With Signchain, developers now have the tools to handle the complexities of integrating off-chain data into smart contracts. The extendable nature of Signable offers flexibility, allowing developers to cater to various use cases, whether it’s automating financial transactions, supply chain data, or verifying legal agreements.

Tim Behrsin, CEO of Grexie Limited, said, “Signchain is more than just a signing solution—it’s a platform that empowers developers to securely integrate off-chain data into their smart contracts with minimal effort. The flexibility of Signable and our focus on signer wallet management offers developers control and security at every stage of the process.”

Why Signchain Matters

Signchain addresses critical challenges faced by developers, particularly those dealing with off-chain data. By signing data into smart contracts and enabling user-paid gas fees, the platform significantly reduces friction in managing secure, scalable smart contracts. Whether developers need to manage high volumes of data transactions or create bespoke smart contracts, Signchain offers a scalable and secure solution.

In industries like DeFi, real estate, and supply chain management, data integrity and security are paramount. Signchain’s secure vault network and customizable signing workflows allow businesses to handle sensitive information with confidence.

Launch Event and Future Developments

The official launch of Signchain will take place on November 1st, 2024, alongside a virtual event. The event will showcase live demonstrations of Signable, with detailed walkthroughs of the Docker-based self-hosted solution and signer wallet management features. Attendees will also get an exclusive preview of future enhancements, including multi-signature workflows and advanced blockchain network integrations.

About Signchain

Signchain is a cutting-edge platform developed by Grexie Limited, based in Manchester, Cheshire, United Kingdom. Signchain simplifies smart contract development by offering a secure, scalable, and customizable solution for signing and authenticating off-chain data on-chain. Developers can either self-host the solution using Signchain’s Docker container or rely on the network’s secure vault infrastructure. With an emphasis on security, flexibility, and developer experience, Signchain is set to transform how smart contracts handle off-chain data.

For more information, visit signchain.net.

Signchain_Logo

Logo – https://megastockalert.com/wp-content/uploads/2024/10/Signchain_Logo.jpg
Photo – https://megastockalert.com/wp-content/uploads/2024/10/Signchain_flow.jpg
PDF – https://mma.prnewswire.com/media/2533539/Signchain_Whitepaper.pdf

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SOURCE Grexie Limited

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CoinDesk bolsters information services offering with strategic acquisition of CCData and CryptoCompare

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NEW YORK and LONDON, Oct. 16, 2024 /PRNewswire/ — CoinDesk, one of the most trusted media, events, indices, and data companies for the global crypto economy, today announced that it has acquired CCData, a U.K. FCA-regulated benchmark administrator and one of the leading providers of digital asset data and index solutions, including its trusted retail site, CryptoCompare, which serves over 300,000 active users. The acquisition significantly scales CoinDesk’s information services and data products, while offering enhanced cross-sell opportunities to CCData and CryptoCompare’s extensive number of institutional and retail clients.

For over a decade, CCData has been providing its institutional-grade data solutions, digital asset index suite, and award-winning research to government, institutional, and retail clients navigating the digital asset ecosystem. The acquisition of CCData’s robust data platform and retail platform CryptoCompare further strengthens CoinDesk’s data offerings, immediately increases subscription revenues, and complements the existing suite of solutions offered by CoinDesk Indices and CoinDesk Media.

“Over the past ten years, CCData has become one of the most respected and reliable data platforms for digital assets, earning the trust of numerous users seeking to understand and leverage their potential,” said Sara Stratoberdha, CoinDesk CEO. “We are thrilled to begin integrating CCData’s high-quality, robust, and trusted data platform and retail suite across CoinDesk’s existing products and services to unlock greater opportunities for our customers.”

“We are incredibly excited to join forces with CoinDesk as we embark on the next chapter of CCData’s journey,” said Charles Hayter, CEO and Co-Founder of CCData. “CoinDesk is an integral pillar of the digital asset sector, from its award-winning journalism to flourishing index business. I am deeply proud of what CCData and CryptoCompare have accomplished over the past decade, and with CoinDesk as our partner, I’m confident that we will continue to build a legacy that supports and empowers our clients and the broader crypto industry.”

CoinDesk business update

Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally with tens of billions of dollars in benchmarked assets. Flagships such as the CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. Since launching in January 2024, the CoinDesk 20 perpetual futures contract has attracted substantial institutional interest, driving a trading volume of over $8 billion.

CoinDesk Media provides news, analysis and real-time insights on digital assets and blockchain technology and holds large-scale conferences for industry professionals. CoinDesk Media’s products and services reached an estimated audience of 45.5 million people during the first half of 2024. The Consensus conference, one of the world’s largest and longest-running digital asset events, attracted over 15,000 registrations in 2024. Consensus Hong Kong and Consensus Toronto will take place on February 18-20 and May 14-16 in 2025, respectively.

Advisor

Morgan, Lewis & Bockius LLP served as legal advisor to CoinDesk on the transaction.

Media contacts

CoinDesk

press@coindesk.com  

CCData

press@ccdata.io

About CCData

CCData is an FCA-regulated benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analyzing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social, and blockchain data.

To learn more about CCData, go to: www.ccdata.io.

About CoinDesk

CoinDesk is one of the most trusted media, events, indices, and data companies for the global crypto economy. CoinDesk Indices offers expertise in digital asset indices, data, and research to educate and empower investors. Since 2013, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it. Our award-winning team of journalists delivers news and unparalleled insights that bring transparency, comprehension, and context. CoinDesk Events gathers the global crypto, blockchain, and Web3 communities at annual events such as Consensus, the world’s largest and longest-running crypto festival.

Logo – https://mma.prnewswire.com/media/1766903/CoinDesk1_Logo.jpg

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Introducing GameOn TON Hackathon Co-host: Gate.io Drives Investment and Innovation

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SINGAPORE, Oct. 15, 2024 /PRNewswire/ — AEON, the next-generation modular payment protocol, is thrilled to partner with Gate.io and present the GameOn TON Hackathon together, an exciting opportunity to revolutionize the gaming landscape!

With a substantial $6M prize pool up for grabs, this event aims to empower developers and creators to innovate in the world of Web3 gaming and the Open Network (TON), fostering collaboration and creativity. Participants can look forward to expert mentorship, workshops, and invaluable access to industry leaders, ensuring a comprehensive development experience.

Gate.io‘s Involvement in the Hackathon

As a prominent co-host, Gate.io will contribute a total of $1M to the hackathon, with $850K allocated for investments in winning projects and $150K designated for grants to incentivize participation. The investment decisions will be determined through Gate.io’s internal meetings, ensuring that selected projects receive the necessary funding and support to thrive.

In addition to their financial contributions, Gate.io representatives will actively participate in offline events and serve as judges, providing valuable insights and feedback during the evaluation process. They are committed to identifying high-quality projects and offering comprehensive support, including investment, listing on their exchange, and connecting projects with essential resources.

This partnership with Gate.io underscores AEON’s dedication to creating a dynamic and supportive environment for developers, helping to elevate innovative ideas within the blockchain ecosystem.

Introducing Our Esteemed Hosts and Co-Hosts

Distinguished hosts and co-hosts will guide the GameOn TON Hackathon. The event is hosted by AEON, The Open Network Foundation (TON Foundation), Nomad Capital, and TOP, alongside co-hosts including Oak Grove Ventures, Gate.io, MEXC Ventures, Alibaba Cloud, Gam3Girl Ventures, OKX Wallet, Draper Associates and Winking Studios. This impressive lineup ensures robust support for all participants.

Partners in Innovation Shaping the Future

The GameOn TON Hackathon brings together key industry players to enhance the participant experience. AEON is partnering with notable organizations such as TON Society, TonBit, Alchemy Pay, DoraHacks and OnePiece Labs, all dedicated to providing valuable resources and insights. Community collaborators like BeWater, BlockBooster, TinTinLand, HackQuest and Builder DAO will facilitate networking and collaboration opportunities, while media partners including Bitcoin.comForesight News, ChainCatcher, TechFlow, CoinPost, BlockMedia, CoinTurk, Coinvestasi, Blogtienao and so on will help amplify the event’s reach and visibility.

Be Part of the Future and Make Your Mark

Join us in this groundbreaking opportunity to shape the future of gaming! Don’t miss your chance to showcase your talent and creativity.

For more information and resources, check out the following important links:

Join us and be a part of the exciting journey at the GameOn TON Hackathon!

About Gate.io

Gate.io is a centralized cryptocurrency exchange where users can find a large number of crypto coins and tokens to trade. The platform supports over 1400 cryptocurrencies with over 2500 trading pairs. The project occupies one of the leading positions in terms of trading volume (more than 12 billion dollars in trading volume daily) and supports spot and margin trading. It also expanded services to other markets, including options, futures, and derivatives for investors.

Launched in 2013, the platform claims to be “steady and reliable,” offering a user-friendly platform with 24/7 customer support and a robust mobile app. However, the exchange is not highly regulated, and does not offer the option to withdraw fiat. In order to withdraw funds from accounts or deposit cryptocurrencies, users go through a mandatory KYC or “Know Your Customer” process.

About AEON

AEON is a next-generation modular payment protocol designed to unify the standard of crypto payments and enable real-world connectivity. By simplifying the integration, processing, and settlement of crypto payments, AEON offers low-cost, verifiable, and secure payment processing.   

Developing a robust crypto payment standard akin to Visa, AEON aims to connect web3 infrastructures with mass adoption use cases, ensuring adaptability, liquidity, and efficiency and supporting on-chain payment methods such as subscriptions, global fiat rails, and tips.
Website X Telegram Discord 

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SOURCE AEON

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CoinEx September 2024 Market Insight: Bitcoin Breaks Out Amid Fed Easing, Meme Tokens Resurge

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HONG KONG, Oct. 15, 2024 /PRNewswire/ — CoinEx Research has released its comprehensive report on the cryptocurrency market for September 2024. This month marked a pivotal month for remarkable rebound fueled by significant policy shifts and technological advancements.

Federal Reserve’s 50 Basis Point Rate Cut
The Federal Reserve’s decision to implement a 50 basis point rate cut set the stage for a surge in cryptocurrencies. This dovish stance, mirrored by similar actions from the European Central Bank and Bank of England, reversed earlier market downturns and injected optimism into the crypto market.

Bitcoin Bounded Back

Bitcoin started the month at $52,700, it experienced a dramatic surge following the Fed’s announcement, reaching heights of $66,000 before settling at $63,300 by month’s end. This impressive gain of over 20% has positioned Bitcoin to challenge the critical $70,000 resistance level.

Recession Risks 

The Federal Reserve projected a higher unemployment rate and maintained its GDP growth estimates of 2% for both 2025 and 2026. The inflation outlook remained manageable, contributing to a sense of stability that bolstered investor confidence. Market analysts are keeping a close eye on the USD/JPY currency pair, as a key indicator of global liquidity flows that could impact crypto markets.

Launch of Fractal Bitcoin Mainnet

Technological innovations played a crucial role in September’s crypto narrative. The launch of the Fractal Bitcoin Mainnet on September 9th marked a significant advancement in Bitcoin‘s ecosystem. The support from ViaBTC mining pool made CoinEx the first to list the native FB token further underscored the potential of this innovation.

Ton Ecosystem Faced Challenges 

However, not all developments in the crypto space were positive. The TON ecosystem faced challenges as new tokens like CATI and HMSTR underperformed post-launch, raising concerns about the sustainability of certain blockchain-based economic models.

Meme Token Fever

September also saw a revival of meme tokens, driven largely by viral trends on social media platforms. Animal-themed tokens, like Moo Deng, PESTO (penguins), and OMOCI (frogs) captured the eyes of traders especially on the Solana blockchain.

Market Optimism 

Despite these fluctuations, the overall market sentiment remained positive, as evidenced by the substantial inflow of $2.9 billion into stablecoins by the end of September. Looking ahead, the crypto community is bracing for an eventful October, with economic data releases and the U.S. elections looming as potential catalysts for the next wave of market activity.

Conclusion

In conclusion, The combination of favorable macroeconomic policies, groundbreaking technological innovations, and evolving market trends made September an important month for the crypto market in 2024.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making crypto trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions.

CoinEx Research remains committed to providing in-depth analyses and insights into the evolving cryptocurrency market, helping investors navigate through the complexities and opportunities that lie ahead.

To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram  | YouTube

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SOURCE CoinEx Global

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iSHANG and 3Business Collaborate on Web3 Coupon Enterprise Solution under Cyberport Web3 Proof-of-Concept Subsidy Scheme

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HONG KONG, Oct. 13, 2024 /PRNewswire/ — iSHANG Technology Limited (“iSHANG”), a leading technology company specializing in Web3 enterprise solutions, is delighted to announce its collaboration with 3Business, the corporate brand of Hutchison Telecommunications (Hong Kong) Limited, under the Cyberport Web3 Proof-of-Concept Subsidy Scheme to implement the Web3 Coupon Enterprise Solution (Web3-Coupon) leveraging 5G.  This new collaboration represents a major leap forward in enhancing customer engagement and rewards. For more information, please visit – https://ishang.com/web3-coupon-enterprise-solution/

iSHANG and 3Business Collaborate on the Web3 Coupon Enterprise Solution under the Cyberport Web3 Proof-of-Concept Subsidy Scheme

The Web3 Coupon Enterprise solution enables customers to earn unique high-valuable rewards through the Web3 Coupon platform. By introducing personalized, exclusive rewards, it has the potential to transform customer acquisition and reward programs.

The solution will also add a new dimension to 3Business current mobile advertising services for enterprises by revolutionizing the way businesses manage customer engagement and loyalty campaigns. Leveraging Web3 technologies, the solution can ensure secure and traceable transactions, instilling trust and confidence in customers.  

By integrating 5G, artificial intelligence (AI), blockchain technologies and smart contracts, iSHANG Web3-Coupon provides an innovative, secure and transparent platform to simplify coupon management processes such as creation, distribution, redemption and tracking. This streamlines operations and enhances overall efficiency. It addresses the limitations of traditional mass promotion messages by offering a comprehensive solution for merchants to manage and analyze promotion results, conversion rates, and customer consumption data.

The transparency and immutability of the Web3 Coupon System, powered by blockchain technology, establish a trustworthy environment for customers. They can easily verify the authenticity and validity of coupons.

“Web3 seeks to transform various aspects of our digital lives, including how businesses incentivize and reward customers,” said Samson Lee, Co-founder and CEO of iSHANG. “We are thrilled to collaborate with 3Business in implementing the Web3-Coupon. This collaboration represents a significant step towards revolutionizing the customer incentives and loyalty programs. Leveraging the power of Web3 technologies, 5G and the support from the Cyberport Web3 Proof-of-Concept Subsidy Scheme, the solution will provide business customers with a secure, transparent, and efficient coupon system that drives customer engagement and enhances their overall experience.”

The Cyberport Web3 Proof-of-Concept Subsidy Scheme plays a vital role in fostering innovation and adoption of Web3 technologies across various industries. By providing financial support, the scheme empowers businesses to explore the potential of emerging technologies and accelerate the commercial adoption of Web3 in different industry sectors.

Blockchain technology ensures the transparency and security of commercial transactions and enhances the trust of merchants and consumers. Web3-Coupon revolutionizes traditional coupons by introducing an element of uniqueness and exclusivity. The model shifts from general points accumulation to earning unique digital assets, potentially transforming customer loyalty. It adds a layer of personalization and value, enhancing customer engagement and fostering a deeper connection with the brand. Web3-Coupon represents a major leap forward in customer engagement and loyalty programs, providing customers with a more dynamic, engaging and rewarding experience.

About iSHANG Technology Limited (iSHANG)

iSHANG operates a “Web3-as-a-Service” (W3aaS) platform that provides the infrastructure and a gateway for brands & enterprises to enter into the Web3 market. iSHANG W3aaS platform developed 10 x Web3 Solutions that are built on Ethereum and Polygon blockchain using IPFS (Inter Planetary Filing System) decentralized storage system. In addition, iSHANG provides Campaign Driven Launchpad & Marketplace, designed for brands & enterprises to launch their web3 marketing campaigns & facilitates the promotion, customer acquisition, retention programs and also secondary exchange of NFTs. Ultimately, iSHANG also offers one-stop consulting campaign management which develop tailor-made Web3 marketing campaigns empowering brands and enterprises to transform their businesses in various use-cases to capitalize new market opportunities.

For more information about iSHANG, please visit – https://ishang.com/

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SOURCE iSHANG

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WSPN and dtcpay Introduce Zero-Fee On-Ramp for WUSD, Marking New Era for Stablecoins 2.0

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SINGAPORE, Oct. 10, 2024 /CNW/ — Worldwide Stablecoin Payment Network (WSPN), a leading provider of next-generation stablecoin infrastructure, and dtcpay, a leading regulated digital payment platform, are making history with a strategic partnership that will revolutionize access to stablecoins. For the first time ever, users will have the ability to on-ramp WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US dollar, through dtcpay with zero fees, marking a paradigm shift in the accessibility and affordability of digital assets.


(PRNewsfoto/WSPN)

This groundbreaking move marks a new era for stablecoins, breaking down barriers to entry and empowering individuals and businesses worldwide. Now, with a more inclusive and cost-effective way to utilize stablecoin solutions, WSPN and dtcpay are making WUSD a truly borderless and accessible digital currency. By eliminating fees, the partnership will save users significant amounts annually in transaction fees. WUSD will be gradually rolled out to the many merchants supported by dtcpay, including high-end establishments such as 35A Scotts Whisky Club and Capella Hotel Group’s flagship properties, Capella Singapore and Patina Maldives, Fari Islands. This practical implementation demonstrates the immediate impact and versatility of WUSD in everyday transactions, from luxury experiences to hospitality services.

“This zero-fee WUSD on-ramp with dtcpay is a game-changer for Stablecoin 2.0,” said Raymond Yuan, Founder & CEO of WSPN. “This partnership embodies our vision of making digital assets truly accessible to all, accelerating the adoption of stablecoins in the world. WSPN is proud to lead this financial revolution, reshaping the future of borderless transactions.”

“Partnering with WSPN to offer a zero-fee on-ramp for WUSD is a monumental step in making digital assets more accessible and affordable for dtcpay’s users. At dtcpay, we are excited to lead this charge toward a more i­nclusive financial future, breaking down barriers and creating new opportunities”,  said Anson Zeall, Chief Strategy Officer & Head of Compliance, dtcpay.

By eliminating fees for on-ramping WUSD, WSPN and dtcpay are democratizing access to stablecoins, fostering greater adoption and paving the way for a more efficient, transparent, and equitable financial system globally.

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

About dtcpay

dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA).

As a leading provider of digital payment solutions, we pioneer the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments. 
Learn more at dtcpay.com.

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SOURCE WSPN

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Fairdesk Cryptocurrency Exchange Announces Permanent Closure of Platform by November 30, 2024

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SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Since its official launch in 2021, Fairdesk Cryptocurrency Exchange has been committed to providing high-quality trading services to a global community of traders. Over the past few years, Fairdesk Cryptocurrency Exchange has played a positive role in enabling seamless cryptocurrency trades and futures transactions. However, due to evolving market conditions and regulatory changes, the company has made the difficult decision to permanently close its operations on November 30, 2024.

As part of this process, all futures and spot trading positions on the platform will be closed on October 17, 2024. From this date forward, the platform will only retain the withdrawal function. This function will be available until the final closure date of November 30, 2024. During this period, Fairdesk Cryptocurrency Exchange will remain fully operational to facilitate user withdrawals, and there customer service team will continue to offer professional support to assist users throughout this transition.

Fairdesk Cryptocurrency Exchange extends its sincere apologies for any inconvenience this may cause its users and appreciates the continued trust and support shown over the years. The team remains hopeful that will meet again in the future under better circumstances.

For further inquiries or assistance, users are encouraged to reach out to Fairdesk’s customer service team.

This announcement marks the official closure of Fairdesk Cryptocurrency Exchange.

About Fairdesk

Fairdesk Cryptocurrency Exchange was established in 2021 to provide traders worldwide with a secure and reliable platform for cryptocurrency trading. Since then, it has built a reputation for offering professional futures and spot trading services. The platform’s commitment to user experience, safety, and customer service has been at the core of its success.

For more information, please visit Fairdesk Cryptocurrency Exchange or contact there support team.

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SOURCE Fairdesk crypto exchange

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Jumpex Cryptocurrency Exchange Announces Permanent Closure of Platform by November 30, 2024

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SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Since its official launch in 2024, Jumpex Cryptocurrency Exchange has been committed to providing high-quality trading services to a global community of traders. Over the past few monthsJumpex Cryptocurrency Exchange has played a positive role in enabling seamless cryptocurrency trades and futures transactions. However, due to evolving market conditions and regulatory changes, the company has made the difficult decision to permanently close its operations on November 30, 2024.

As part of this process, all futures and spot trading positions on the platform will be closed on October 17, 2024. From this date forward, the platform will only retain the withdrawal function. This function will be available until the final closure date of November 30, 2024. During this period, Jumpex Cryptocurrency Exchange will remain fully operational to facilitate user withdrawals, and their customer service team will continue to offer professional support to assist users throughout this transition.

Jumpex Cryptocurrency Exchange extends its sincere apologies for any inconvenience this may cause its users and appreciates the continued trust and support shown over the years. The team remains hopeful that will meet again in the future under better circumstances.

For further inquiries or assistance, users are encouraged to reach out to Jumpex’s customer service team.

This announcement marks the official closure of Jumpex Cryptocurrency Exchange.

About Jumpex

Jumpex Cryptocurrency Exchange was established in 2024 to provide traders worldwide with a secure and reliable platform for cryptocurrency trading. Since then, it has built a reputation for offering professional futures and spot trading services. The platform’s commitment to user experience, safety, and customer service has been at the core of its success. Quickly gained recognition for its focus on high-leverage trading and innovative solutions, offering traders a secure platform with excellent customer service.

For more information, please visit Jumpex.com or contact their support team.

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SOURCE Jumpex

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Bybit x Block Scholes Derivatives Report Uncovers BTC Call Option Boom Amidst Election Uncertainty

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DUBAI, UAE, Oct. 11, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, is excited to unveil its latest crypto derivatives report. This insightful report explores the market’s response to recent price fluctuations and the backdrop of the upcoming U.S. election.

Bybit Logo (PRNewsfoto/Bybit)

Key Insights:

Decline in BTC Options Implied Volatility: Surprisingly, implied volatility for Bitcoin (BTC) options has dropped, despite the looming U.S. election. Traditionally, market uncertainty would lead to increased volatility ahead of major events, like the much-anticipated BTC Spot ETF launch, making this a noteworthy deviation.

Surge in Call Option Volumes: BTC call option trading volumes have surged significantly in recent weeks, potentially signaling a shift towards a bullish market sentiment.

Muted Futures Activity: While futures trading saw positive momentum with early October’s market volatility, open interest has remained relatively subdued compared to pre-September expiration levels.

Spike in BTC Perpetual Swap Volumes: Open interest in BTC perpetual swaps remained stable; however, trading volumes surged in response to early October’s volatility spike, marking an important market movement.

Cautious Sentiment in ETH Options: Ethereum (ETH) options also saw a decline in implied volatility. Put option volumes have surpassed call volumes over the past week, suggesting traders are taking a more cautious stance regarding ETH‘s future price movements.

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-oct-9-2024/

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

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Alpha Trading Cup 2024: The First Trading Arena Where 1,149 Traders Put Real Cash on the Line

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The First Trading Arena Where 1,149 Traders Put Real Cash on the Line

SINGAPORE, Oct. 10, 2024 /PRNewswire/ — The Alpha Trading Cup 2024 is a high-stakes, live trading competition in which traders worldwide showcase their skills and dominate the financial markets. Hosted by Next Level Academy, Ascension Profits, and Monaxa, the event runs from August 15 to September 30, 2024.

This competition brings together top traders who compete in various asset classes, including crypto, forex, precious metals, indices, and stocks. With a prize pool of USD 44,000, participants also gain the unique opportunity to learn from seasoned professionals, test their strategies in real time, and potentially secure positions with hedge funds scouting for fresh talent.

“The purpose of the Alpha Trading Cup (ATC) is to discover the best traders and foster a culture of learning and collaboration,” says Sean Seah, Founder of Next Level Academy. “Our goal is to build a tribe of successful traders who are eager to share their knowledge and learn from one another. Throughout the competition, I’ve seen traders step up to share valuable lessons, strategies, and even their mistakes, while others have supported and guided newer participants. Together, we’ve helped over 1,000 traders progress, creating a thriving, supportive community.”

Over 1,149 traders from 22 countries have not only risked real money but also benefited from training by over a dozen world-class experts in diverse trading techniques, including algorithmic charting, crypto, forex, hedge fund strategies, and options. This is the first trading competition that combines high-stakes practical implementation with comprehensive education.

“While emotions may sway others, the quant trader focuses on data. The patterns are always there if you know how to find them, and that’s where the real opportunities lie,” says Alison Gan, AI Quant Trader at Next Level Academy.

Eric Ong, a Private Hedge Fund Advisor, adds, “The Alpha Trading Cup has enriched the trading community by fostering innovation, skill development, and collaboration. It provides a dynamic platform for traders of all levels to exchange knowledge and showcase their talents, driving the industry forward. The competition reinforces our commitment to integrity and sustainability by emphasizing ethical and responsible trading practices. As we celebrate this year’s participants, we recognize how the Alpha Trading Cup strengthens the entire trading ecosystem, creating a more informed, engaged, and resilient community. Together, we are shaping the future of trading.”

“When the Alpha Trading Cup (ATC) was first conceived, the idea was to create an enriching and informative environment for people from all walks of life to be able to learn and immerse themselves in the journey towards creating income in the financial markets. All too often, many people have the pre-conceived notion that being able to create income in the financial markets is only for proficient traders. Through this ATC and its related sharing sessions and tools and services provided, I’ve seen not just experienced traders profit but also beginner and novice participants alike.There has been tremendous growth in the community in terms of knowledge, financial gains, and breakthroughs. I sincerely wish that the vibrant ATC community continues their journey towards financial betterment through what they’ve learned and experienced in this ATC,” says Terence Tan, founder of Ascension Profits.

In the Alpha Trading Cup, participants invest their own capital, applying live strategies such as algorithmic trading and quantitative modeling, rather than relying on virtual capital or demo accounts. This ensures that every trader leaves the competition with actionable, practical techniques that can help them achieve financial independence.

About Next Level Academy

Next Level Academy is a premier educational platform offering comprehensive training and mentorship for investors and traders.

Known for its hands-on approach and expert-led events, Next Level empowers individuals to achieve financial freedom and transform their lives through effective wealth-building strategies.

About Monaxa

Monaxa is a leading online trading platform that empowers traders of all levels to achieve financial success. Through its educational resources, hands-on training, and cutting-edge technology, Monaxa enables individuals to trade a wide variety of assets and make informed financial decisions.

About Ascension Profits:

Ascension Profits empowers individuals to achieve financial freedom through strategic passive income generation and wealth compounding. We serve a diverse clientele—from busy professionals to entrepreneurs and retirees—all seeking to maximize their financial potential without additional time investment. Our proven methods enable clients to build wealth efficiently, allowing them to prioritize what truly matters: family, passions, and life experiences. At Ascension Profits, we don’t just build wealth; we pave the way for lives well-lived.

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SOURCE Next Level Academy

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