Category: Cryptocurrency

Lil Pump Joins Forces with BC.GAME to Elevate the Future of Online Gaming

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WILLEMSTAD, Curacao, Sept. 23, 2024 /PRNewswire/ — BC.GAME, the leading crypto igaming and sports betting platform, has partnered with chart-topping rapper Lil Pump to revolutionize online gaming. This exciting cooperation follows BC.GAME’s recent signing of music sensation Jason Derulo, solidifying the platform’s position as an entertainment and gaming powerhouse.

BC.GAME welcomes Lil Pump, the flamboyant singer of “Gucci Gang” and “I Love It,” with his big social media following. His hiring fits the platform’s bold and inventive attitude. “I’m hyped to team up with BC.GAME!” Pump enthusiasm was evident. “Their online casino innovations are exciting, and I can’t wait to show my followers what we’ll do together.”

This new alliance follows Jason Derulo’s BC.GAME agreement earlier this year. The “Savage Love” singer has created special events, gaming themes, and exclusive music for BC.gaming gamers. With Lil Pump joining BC.GAME, star power is astronomical.

What Sets BC.GAME Apart?

BC.GAME stands out in the digital gaming world not just for its celebrity partnerships but also for its innovative features:

A crypto-friendly blockchain platform ensuring fairness and security

A diverse game library offering everything from slots to poker

A community-driven experience, allowing players to socialize while they play

Some of the biggest jackpots in the online casino space

BC.GAME CEO Jack Dorset expressed his excitement about the new collaboration. “Lil Pump brings an incredible energy that aligns perfectly with our brand,” Dorset said. “With both Jason Derulo and Lil Pump as part of our team, BC.GAME is ready to elevate the gaming experience to new levels.”

What Can Players Expect?

BC.GAME players can look forward to exciting Lil Pump-themed content, including exclusive games, tournaments, and music. Fans will also have access to live streaming events and VIP experiences featuring Lil Pump. Jason Derulo, meanwhile, continues to contribute with dance competitions, special game modes, and music-themed slots that blend entertainment and gaming seamlessly.

BC.GAME’s vision goes beyond being just a casino. By partnering with Lil Pump and Jason Derulo, the platform is pushing the boundaries of online gaming, merging it with music and social media to create an all-encompassing entertainment experience. “Our goal is to blur the lines between gaming, music, and social media,” said Dorset. “We’re building a platform where players can game, groove, and connect in one place.”

Looking Ahead

As BC.GAME continues to redefine online gaming, the future promises even more excitement. Players can anticipate massive online concerts, new game releases inspired by the artists, and exclusive collaborations with other major industry names. The platform is also committed to promoting responsible gaming, offering tools such as deposit limits and self-assessment quizzes to help players stay in control.

With Lil Pump and Jason Derulo leading the way, BC.GAME is at the forefront of an evolving entertainment landscape. The fusion of music, gaming, and social networking is just the beginning of BC.GAME’s exciting journey—stay tuned for more groundbreaking announcements!


(PRNewsfoto/BC.GAME)

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SOURCE BC.GAME

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Donald Trump’s Crypto Portfolio Surges by Over $800K in September

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency. Leave a Comment

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Donald Trump, the former U.S. president, has been making headlines in the world of cryptocurrency with his substantial portfolio. In September, Trump’s crypto holdings surged by over $800,000, bringing his total portfolio value to $5.91 million. This growth has been fueled by the rise in Ethereum (ETH) and Wrapped Ethereum (WETH), alongside a variety of altcoins. In this article, we will explore the details of Donald Trump’s crypto portfolio and examine the key factors behind its significant gains.

Ethereum Leads Donald Trump’s Crypto Surge

Donald Trump’s crypto portfolio has seen a remarkable increase, with Ethereum (ETH) taking center stage. As of September 23, Trump holds 493.777 ETH, which is currently valued at $1.33 million. This marks a gain of over $52,000 in just a few weeks, as Ethereum has surged in value. Trading at $2,680, Ethereum has risen by approximately 15% over the past two weeks, making it a major contributor to the overall growth of Trump’s portfolio.

In addition to Ethereum, Trump holds 478.107 Wrapped Ethereum (WETH), a derivative of Ethereum, which has similarly appreciated. WETH is valued at $1.28 million, reflecting a $49,870 increase. Together, Ethereum and Wrapped Ethereum account for a substantial portion of Trump’s cryptocurrency gains this month.

The Role of GUA in Trump’s Portfolio Growth

Another notable asset in Trump’s cryptocurrency portfolio is GUA (GUA/USD), which has experienced a dramatic rise in value throughout September. At the beginning of the month, Trump’s GUA holdings were valued at $175.9K, but by September 23, their value had skyrocketed to $1.38 million. This sharp increase in the price of GUA tokens contributed significantly to the overall growth of Trump’s portfolio.

While Ethereum and WETH are widely known for their stability and market presence, GUA’s rise highlights the potential for significant gains from lesser-known altcoins. GUA’s performance has caught the attention of many in the crypto world, adding to the speculation about the future direction of Trump’s portfolio.

Diverse Altcoin Holdings

In addition to Ethereum and GUA, Trump’s portfolio includes a diverse range of altcoins. One notable asset is his 579,290 TRUMP (TRUMP/USD) tokens, which are valued at $1.05 million. These tokens, which carry Trump’s name, are a unique addition to his holdings, and their value has contributed to his overall portfolio growth.

Furthermore, Trump holds 137,390 USD Coin (USDC/USD) stablecoins, providing a stable component to his portfolio amid the volatility of the cryptocurrency market. Stablecoins like USDC are pegged to the U.S. dollar, offering a reliable store of value that can help balance out the riskier altcoin investments.

Beyond these holdings, Trump’s portfolio also includes 10 million FIGHT (FIGHT/USD) tokens and 29,960 CONAN (CONAN/USD) tokens. While these assets have not contributed as significantly to the recent growth of his portfolio, they demonstrate Trump’s diversified approach to cryptocurrency investing.

What’s Next for Trump’s Crypto Portfolio?

The ongoing success of Donald Trump’s cryptocurrency portfolio has generated significant attention, and many are eager to see how it will evolve in the coming months. With substantial holdings in Ethereum, GUA, and a variety of altcoins, Trump has positioned himself to benefit from the continued growth of the cryptocurrency market.

One event that is expected to shed light on the future of digital currencies and Trump’s portfolio is Benzinga’s Future of Digital Assets conference, scheduled for November 19. Industry leaders and experts will gather to discuss the future of digital currencies, blockchain technology, and their role in shaping global financial markets. As cryptocurrency continues to gain mainstream attention, events like these are critical for understanding market trends and investment opportunities.

Conclusion: A Strong Month for Trump’s Crypto Holdings

In September, Donald Trump’s cryptocurrency portfolio surged by over $800,000, driven by gains in Ethereum, Wrapped Ethereum, and GUA. With a portfolio now valued at $5.91 million, Trump has demonstrated a keen interest in the potential of digital assets. His diversified holdings, ranging from stablecoins to altcoins, reflect a strategy designed to capitalize on both stability and growth in the rapidly changing cryptocurrency market. As the year progresses, all eyes will be on Trump’s crypto investments, especially as the market continues to evolve.

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Riot Platforms Takeover of Bitfarms Still a Possibility After Truce

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency. Leave a Comment

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The world of Bitcoin mining has been buzzing with speculation following the months-long takeover attempt by Riot Platforms Inc. (NASDAQ:RIOT) of smaller rival Bitfarms Ltd. Despite a truce between the two cryptocurrency miners, the agreement leaves room for future takeover discussions. This article examines the details of the Riot Platforms takeover bid, the strategic moves by both companies, and what lies ahead for the two major players in the Bitcoin mining sector.

Riot Platforms Takeover Bid: The Background

In April, Riot Platforms made an unsolicited $950 million offer to acquire Bitfarms, a Toronto-based Bitcoin mining company. However, the offer was rejected, and Bitfarms quickly adopted a “poison pill” defense to prevent the hostile takeover. This defensive strategy was aimed at limiting Riot’s influence by restricting its ability to purchase a controlling interest in Bitfarms.

Despite Bitfarms’ resistance, Riot continued buying shares, keeping the door open for future takeover possibilities. As part of a truce unveiled on Monday, both companies agreed on certain terms that could pave the way for renewed discussions down the line. Notably, Riot agreed to refrain from acquiring more than 20% of Bitfarms without board approval, unless it is related to making a formal takeover bid. This leaves the possibility of a Riot Platforms takeover on the table, should market conditions become more favorable.

Truce Details and Governance Changes

One of the critical components of the truce is the reshuffling of Bitfarms’ board. Andrés Finkielsztain stepped down from his position, and Riot successfully nominated Amy Freedman to join the board. Freedman’s addition marks a victory for Riot, as it secures a seat at the decision-making table, furthering its influence over Bitfarms’ governance. Additionally, Bitfarms will elect an independent director later this year at a special shareholder meeting, adding another layer of oversight.

Matthew Kimmell, a digital asset analyst at CoinShares, noted that the agreement is a balanced solution for both parties. Riot can claim victory with its board nomination, while Bitfarms maintains control of its overall strategy by preventing a full-scale takeover for now.

“This looks like a mutually beneficial resolution, allowing both parties to move forward without the appearance of a loss,” said Kimmell. “Riot’s influence on Bitfarms’ governance is undeniable, but Bitfarms has also successfully resisted a complete takeover.”

The Future of Bitcoin Mining and Consolidation

The Bitcoin mining sector has been facing increased consolidation, driven by the challenging economics of mining operations. The process is energy-intensive, requiring companies to invest billions in specialized computers and electricity to validate transactions on the Bitcoin blockchain. The recent Bitcoin “halving” event, which reduces miners’ rewards by 50%, has only added to these challenges. As a result, the sector is ripe for mergers and acquisitions as smaller players look to survive amidst shrinking profit margins.

Riot Platforms operates one of the world’s largest Bitcoin mining facilities in Texas, while Bitfarms has expanded its global reach with operations in Canada and South America. Both companies are strategically positioned to weather the current downturn in mining profitability, but their differing strategies highlight the push and pull between independence and consolidation. Riot’s interest in Bitfarms may stem from a desire to diversify its mining locations and increase its market share, while Bitfarms is focused on maintaining autonomy.

Stock Performance and Market Outlook

While Bitcoin has surged 50% this year, both Riot Platforms and Bitfarms have struggled on the stock market. Riot’s shares have dropped roughly 50%, while Bitfarms has seen a 30% decline. This divergence between Bitcoin’s price increase and the miners’ stock performance is partly due to rising energy costs and the impact of Bitcoin halving, which has significantly reduced mining revenue.

Despite these setbacks, analysts believe the sector still has room for growth, especially as demand for Bitcoin remains strong and more institutional investors enter the cryptocurrency space. A potential Riot Platforms takeover of Bitfarms could create a more robust company better equipped to handle the fluctuations in Bitcoin mining profitability.

Conclusion: What’s Next for Riot and Bitfarms?

The Riot Platforms takeover of Bitfarms remains a possibility, as the current agreement leaves the door open for future acquisition talks. While the recent truce allows both companies to move forward without immediate conflict, it’s clear that Riot still has an interest in expanding its control over Bitfarms. The evolving dynamics of the Bitcoin mining industry, coupled with governance changes at Bitfarms, suggest that the landscape could shift again in the near future.

For investors, the prospect of consolidation in the cryptocurrency mining sector remains an exciting development to watch. Both Riot and Bitfarms could stand to benefit from a merger, allowing them to pool resources and strengthen their market positions in the face of growing challenges.

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INX and Backed Expand On-Chain Tokenized Stock Trading with New Listings on Polygon

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TORONTO and ZUG, Switzerland, Sept. 23, 2024 /CNW/ – The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (the “Company” or “INX”), the regulated marketplace for trading security tokens and tokenized real-world assets, and Backed, a pioneer in real-world asset tokenization, today announced the listing of additional tokenized stocks on the INX platform for eligible users (excluding North American users). Following the successful launch of tokenized Nvidia, INX and Backed are now expanding their offerings with the listing of tokenized Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME) stocks. Apple (bAAPL), as well as tokenized S&P 500 (bCSPX) and Blackrock’s iShares Treasury (bIB01) ETFs will follow and list shortly after in the coming month. These assets, created under EU securities laws, and tokenized on the Polygon Proof of Stake (PoS) network, are backed one-to-one by their corresponding underlying stocks, with the blockchain ledger conveying ownership.

The Future of Investing

This expansion marks another significant milestone in democratizing access to traditional financial assets and merging them with the 24/7 liquidity and accessibility of the digital asset space. Non-U.S. eligible investors will have the ability to gain exposure to a variety of traditional securities, outside of standard stock market hours, with the option to fund their accounts with cryptocurrency. Self-custodied securities continue to open new possibilities for traders, enhancing the flexibility and efficiency of their portfolios. As part of our mission to bridge traditional and on-chain finance, INX is continually working to expand the range of real-world assets (RWAs) available for on-chain trading.

“We are excited to broaden our collaboration with Backed by adding these new tokenized stocks to our trading platform,” said Shy Datika, CEO of INX. “This expansion is another step forward in our mission to enable the trading of real-world asset tokens. We aim to list additional tokenized RWAs through other strategic partnerships. We remain committed to advancing the accessibility and efficiency of the tokenized asset market, expanding the boundaries of global finance.”

Adam Levi, Co-Founder of Backed, added, “The launch of bNVDA was just the beginning. By adding Microsoft, Tesla, S&P 500 ETF and others, we are offering investors an even wider range of tokenized assets to build their portfolios. We believe this is the future of finance, where traditional assets and digital markets converge seamlessly on the blockchain.”

Colin Butler, Global Head of Institutional Capital at Polygon Labs, added, “At the core of public, open-source blockchains is the democratization of financial assets. This groundbreaking initiative, built on Polygon PoS, enables individuals who previously lacked access to basic investment and savings vehicles to finally participate in foundational aspects of the global financial system. With Polygon PoS as a scalable, low-cost, and secure foundation, this expansion ensures accessibility for everyone, no matter where they are on their financial journey.”

INX provides a marketplace for tokenized assets, and this partnership with Backed brings additional assets in the form of tokenized shares to this market. These new listings allow traders to benefit from 24/7 availability, fractional ownership, and the security of blockchain technology.

Backed’s tokenized assets, including these new listings, are issued under an EU prospectus, offering eligible investors full transparency. Holders of these bTokens have primary claims to the collateral value, which is held with a licensed custodian under an account control agreement. The distributed ledger (blockchain) defines ownership, providing unparalleled security and transparency.

The key features of this offering include self-custody, allowing investors to hold securities directly in their own wallets, maintaining full control over their assets. The platform offers 24/7 trading, enabling transactions beyond traditional market hours and providing greater flexibility. Integration with decentralized finance (DeFi) allows investors to use their tokenized stocks as collateral for loans or other DeFi applications. The use of blockchain technology ensures enhanced security and transparency. Additionally, this offering is available to non-US residents and approved customers on the INX platform, with the convenience of on-chain transactions, where accounts can be funded with cryptocurrency to invest in these tokenized stocks. To get started, investors simply need to create an account on the INX platform and complete the necessary verification process.

About INX

INX provides regulated trading platforms for digital securities and cryptocurrencies. Combining traditional markets expertise with a disruptive fintech approach, INX offers state-of-the-art solutions to modern financial challenges. The company is led by a dedicated team of business, finance, and technology veterans with a shared vision of redefining capital markets through blockchain technology and a disciplined regulatory approach.

LinkedIn: https://www.linkedin.com/company/theinxdigitalcompany/
X/Twitter: https://x.com/INX_Group
Website: https://www.inx.co/

About Backed

Backed brings real-world assets on-chain, issuing permissionless tokens that track the value of fully collateralized real-world assets, such as stocks or ETFs. Tokens are issued under an approved EU prospectus, bridging the gap between TradFi and DeFi for institutional clients.

LinkedIn: https://www.linkedin.com/company/backed-finance/
X / Twitter: https://twitter.com/backedfi
Website: https://backed.fi/

This expanded collaboration between INX and Backed solidifies their commitment to bringing traditional financial assets into the digital realm, offering innovative investment opportunities to a global audience.

About The INX Digital Company, Inc.: The INX Digital Company, Inc. is the holding company for INX Group, which operates regulated trading platforms for digital securities and cryptocurrencies. INX Group’s mission is to bring communities together and empower them with financial innovation. With a vision to be the preferred global regulated hub for digital assets, INX raised US$84 million through the first SEC-registered initial public offering of a security token with the IPO of the INX Token. INX operates in a regulated environment under the oversight of the SEC, FINRA, FinCen, and U.S. state licensing authorities. For more information, visit the INX Group website here.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information“) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Forward-looking information includes predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance and often uses phrases such as “expects”, “anticipates”, “plans”, “believes”, or variations of such words and phrases.

INX has made certain assumptions in disclosing the forward-looking information contained in this press release, including the continuous development of the INX trading platform, listing additional tokenized RWAs through other strategic partnerships, and the completion of described transactions. While INX believes the expectations reflected in such forward-looking information are reasonable, no assurance can be given that these expectations will prove correct. Known and unknown risks, uncertainties, and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors include regulatory developments, market conditions for digital securities and cryptocurrencies, and general economic conditions. Readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise forward-looking information to reflect actual results or new information.

Cboe Canada is not responsible for the adequacy or accuracy of this press release.

This news release does not constitute an offer to sell or solicit an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE The INX Digital Company, Inc.

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Bybit Becomes First Exchange to Complete $CATI Airdrop Distribution

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DUBAI, UAE, Sept. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces the successful listing of Catizen ($CATI), which went live at 10 AM Dubai time today. Bybit is the first exchange to complete the distribution of the $CATI airdrop to its users, further demonstrating the platform’s exceptional reliability and leadership in the digital asset space.

With Bybit’s industry-leading platform stability and security, the exchange ensured a seamless trading experience for its users. The opening price of CATI has shown impressive performance, remaining steady at $0.97.

Key Highlights:

  • Bybit Leads the Way: Bybit became the first exchange to successfully complete the airdrop distribution of CATI tokens to its users, reinforcing its standing as a pioneer in the digital asset industry.
  • Significant Airdrop Scale: Data from the TON blockchain explorer indicates that an estimated 17,665,517.64 CATI tokens were transferred from what is believed to be the official CATI address to Bybit for the airdrop.
  • Secure and Stable Trading Environment: Bybit’s cutting-edge technical infrastructure ensured the smooth completion of the listing and airdrop, offering users a safe and reliable environment for trading.

The listing of $CATI reflects Bybit’s ability to swiftly react to market opportunities while maintaining high standards of security and performance. This achievement further cements Bybit’s reputation as a trusted platform in the global crypto community.

Bybit Becomes First Exchange to Complete $CATI Airdrop Distribution

For more information, visit here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: media@bybit.com

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

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Bit Digital, Inc. Announces Key Hires for Its HPC Business; Appoints Benjamin Lamson as Head of Revenue and Tom Sanfilippo as CTO

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York, announced today that the Company has appointed Benjamin Lamson as Head of Revenue and Tom Sanfilippo as Chief Technology Officer (“CTO”). Both executives will report directly to CEO Sam Tabar and play critical roles in the growth and development of Bit Digital’s high-performance computing (“HPC”) business. The Company has also added additional headcount across sales and AI/ML engineering roles in an effort to scale its HPC business.


(PRNewsfoto/Bit Digital, Inc.)

Benjamin Lamson joins Bit Digital as Head of Revenue, bringing a proven track record in scaling revenue and driving growth. Most recently, he served as Head of Paperspace Revenue at DigitalOcean from July 2023 to August 2024, following DigitalOcean’s acquisition of Paperspace. As Chief Revenue Officer at Paperspace, he led a transformative go-to-market strategy that resulted in a 350% increase in topline revenue over 18 months. Prior to Paperspace, Benjamin co-founded WeDidIt, which was later acquired by Allegiance Group, where he continued to lead as Vice President of Sales. His entrepreneurial mindset, combined with leadership roles in sales and customer success, positions him to drive significant impact as Bit Digital expands into high-performance computing. He holds a BA in Communications from American University.

Tom Sanfilippo brings decades of experience in systems programming and software development to Bit Digital. Before joining the Company, he was with DigitalOcean, following its acquisition of Paperspace in 2023. At Paperspace, where he served as Chief Technology Officer from 2016 to 2023, Mr. Sanfilippo led the development of the Core GPU Compute Cloud and Gradient AI/ML Platform. His extensive expertise also includes a nearly a decade at Microsoft, where he led one of the largest development teams in the Microsoft Office group working on the precursor to OneDrive. He also held senior technical roles at Groove Networks and was a Research Scientist at the OSF Research Institute. Earlier in his career, Mr. Sanfilippo was the Chief Technology Officer at The Ohio State University, where he directed technology initiatives across the campus, and in collaboration with the Big Ten, after holding various technical positions since 1985. Mr. Sanfilippo also studied Physics, Mathematics, and Philosophy at The Ohio State University. His deep expertise in cloud computing, AI/ML platforms, and software development will be pivotal in advancing Bit Digital’s high-performance computing initiatives.

Benjamin Lamson, Head of Revenue at Bit Digital, added: “I’m excited to lead Bit Digital’s new HPC division as we enter the AI/ML space with a fresh approach. With no legacy constraints, we’re focused on delivering high-performance, reliable, and affordable solutions that truly meet customer needs. I look forward to building a go-to-market team that drives meaningful impact.”

Tom Sanfilippo, Bit Digital’s CTO, remarked: “Bit Digital understands the intersection of HPC technology and the needs of AI innovators and customers with new accelerated compute applications. These innovators need the latest advances in HPC in a production-ready form, at scale, as quickly as possible. I am thrilled to be joining a team that shares this insight and a company that is so well is equipped to deliver on it.”

Sam Tabar, Bit Digital’s CEO, commented: “We are thrilled to welcome Benjamin Lamson and Tom Sanfilippo to Bit Digital. Their combined expertise in technology and go-to-market strategy will be instrumental in accelerating the growth of our HPC business. Tom’s deep experience in cloud computing and AI/ML platforms, alongside Ben’s proven track record in driving revenue and market expansion, will enable us to unlock new opportunities and enhance our service offerings. Their leadership comes at a pivotal time as we position Bit Digital as a major player in the HPC industry.”

About Bit Digital

Bit Digital, Inc. is a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City. Our bitcoin mining operations are located in the US, Canada, and Iceland. The Company has established a business line, Bit Digital AI, that offers infrastructure services for artificial intelligence applications. For additional information, please contact ir@bit-digital.com or visit our website at www.bit-digital.com.

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 3.D of our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2023. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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SOURCE Bit Digital, Inc.

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

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Binance Sees 40% Surge in Institutional Investment in 2024

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

Binance, one of the largest cryptocurrency exchanges in the world, has experienced a significant 40% surge in institutional and corporate investment during 2024, according to CEO Richard Teng. This boost marks a pivotal year for the platform, which has maintained its growth trajectory despite challenges in 2023, including a leadership change and financial penalties. Binance’s ability to attract large-scale investors signals growing confidence in its future, even as the cryptocurrency market continues to experience volatility.

Binance’s Resilience After Leadership Change

Richard Teng, who took over as CEO after Binance’s founder Changpeng Zhao stepped down in late 2023, has been a key figure in steering the company toward success. Teng’s leadership began during a turbulent time for Binance, as the company faced a $4 billion penalty from the U.S. Department of Justice. However, despite these setbacks, Binance has continued to thrive, particularly in attracting institutional investors.

Speaking at the Token2049 Conference in Singapore, Teng emphasized the growing participation of institutional investors in the crypto space. “Allocation into crypto by institutions is just at the tip of the iceberg,” Teng said. He went on to explain that many institutions are still conducting due diligence, but the momentum is clear. “We have seen a 40% increase in onboarding in that category throughout the course of this year alone.”

Surge in Institutional Investment: A Promising Trend

Institutional investment in Binance has risen sharply in 2024, signaling increased interest in the cryptocurrency market from large-scale players such as hedge funds, corporations, and financial institutions. This surge is particularly noteworthy given the broader market conditions and recent challenges faced by the crypto industry.

The uptick in institutional interest is closely tied to the performance of key cryptocurrencies like Bitcoin (BTC). Bitcoin saw a major breakthrough earlier this year, becoming the first cryptocurrency to have an exchange-traded fund (ETF) approved in the United States. This milestone further solidified Bitcoin’s position as a legitimate asset in the financial world. In 2024, Bitcoin reached a record high of $73,000, which helped fuel the surge in institutional investment across the crypto market.

Teng attributes Binance’s strong performance in part to Bitcoin’s continued success, noting that its rise has encouraged more institutional players to enter the crypto space. While Bitcoin’s volatility has posed challenges, its overall upward trajectory in 2024 has strengthened investor confidence.

Why Institutional Investors Are Turning to Binance

Binance’s growth in institutional investment is no accident. The exchange has consistently innovated and expanded its offerings to attract large investors. One of the key factors drawing institutions to Binance is the platform’s robust infrastructure, which includes advanced trading features, liquidity pools, and a wide range of digital assets.

Additionally, Binance’s global reach and compliance efforts have played a role in enhancing its appeal to institutional investors. Despite facing regulatory scrutiny, Binance has taken steps to strengthen its regulatory framework, making it a safer option for large-scale investors who are looking for transparency and reliability in the crypto space.

Moreover, institutional investors are increasingly recognizing the potential of cryptocurrencies in their portfolios. As Richard Teng pointed out, institutional allocation into crypto is only just beginning. As these investors complete their due diligence, many are expected to increase their exposure to digital assets, with Binance positioned to benefit from this trend.

Bitcoin’s Role in Driving Institutional Adoption

Bitcoin has played a pivotal role in the growing institutional interest in Binance. The cryptocurrency has seen impressive gains in 2024, and its inclusion in mainstream financial products like ETFs has made it more accessible to institutional investors. The approval of the first Bitcoin ETF in the U.S. has been a game-changer for the crypto industry, providing a bridge between traditional financial markets and digital assets.

The impact of Bitcoin’s record price surge to $73,000 cannot be understated. Its rising value has drawn the attention of institutional investors looking to diversify their portfolios and hedge against inflation. As a result, platforms like Binance have benefited from the influx of capital flowing into the crypto market.

The Future of Binance and Institutional Investment

As institutional investment in Binance continues to rise, the future looks bright for both the platform and the broader cryptocurrency market. Richard Teng’s leadership has guided Binance through a challenging period, and the exchange’s ability to attract institutional investors demonstrates its resilience and growth potential.

Looking ahead, the role of cryptocurrencies in global finance is expected to expand, with Bitcoin leading the charge. Binance, as one of the largest and most well-established exchanges, is well-positioned to capitalize on this trend. As more institutional investors complete their due diligence and enter the crypto space, Binance’s growth trajectory is likely to continue well into 2024 and beyond.

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Why Bitgert Could Be the Best Crypto Buy of 2024

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency. Leave a Comment

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Bitgert (BRISE) is emerging as a promising cryptocurrency, poised to become the best buy of 2024. With its unique features, innovative ecosystem, and increasing market adoption, Bitgert has gained the attention of investors and crypto enthusiasts alike. Despite the competition in the highly volatile crypto market, Bitgert’s distinct advantages have positioned it as a strong contender for those looking to invest in digital assets in the coming year.

Bitgert’s Growth Potential and Market Performance

Bitgert’s success since its launch is largely attributed to its ambitious goals and impressive market performance. Its innovative utilities and solutions within the crypto space have driven significant growth, resulting in strong returns for investors. Bitgert’s ecosystem, which offers a variety of tools and services for digital asset ownership, has made it a standout project in the competitive cryptocurrency landscape.

Among the most appealing aspects of Bitgert is its zero-fee trading platform, the Bitgert Centralized Crypto Exchange. By eliminating transaction fees, the exchange offers a more cost-effective solution for users compared to other crypto exchanges. Additionally, the Bitgert Chain, which processes over 100,000 transactions per second, ensures rapid transaction speeds, making it an attractive option for users looking for efficiency.

These features have contributed to Bitgert’s growing popularity and adoption, with demand for the coin continuing to rise in 2024. Experts predict that this trend will continue as Bitgert attracts more investors and developers to its ecosystem, further enhancing its value and market position.

What Makes Bitgert the Best Buy for 2024?

Several factors make Bitgert a top contender for the best crypto buy of 2024. One key factor is the continuous development of its ecosystem. The Bitgert Startup Studio is a notable initiative that brings in developers to create innovative projects on the Bitgert Chain. By fostering a community of developers and innovators, Bitgert ensures that its ecosystem remains dynamic and relevant, with new use cases being introduced regularly.

This forward-thinking approach not only drives the utility of the Bitgert coin but also increases its value over time. As more projects are built on the Bitgert Chain, the coin’s use case expands, creating a positive feedback loop that benefits both investors and users.

Additionally, Bitgert’s ability to consistently deliver on its promises has earned it a loyal following. The project team continues to impress with new features and solutions that make transactions smoother and more efficient. Investors are particularly excited about upcoming developments, which could further propel Bitgert into the spotlight in 2024.

How Investors Can Get Involved

For those looking to capitalize on Bitgert’s growth, staying informed and engaged with the project’s developments is crucial. By following the progress of Bitgert’s ecosystem and participating in its community, investors can position themselves to take advantage of the opportunities that arise.

Bitgert has an active and growing community, with regular updates and announcements regarding new features, partnerships, and innovations. Investors who closely follow these updates are better positioned to make informed decisions about their investments and maximize their returns.

In particular, keeping an eye on Bitgert’s expanding ecosystem and upcoming releases is essential. As the team continues to roll out new features, including enhancements to the Bitgert Chain and its exchange platform, the coin’s utility and value are expected to increase. This makes Bitgert an attractive option for investors seeking long-term growth.

Conclusion: Bitgert’s Future in 2024

With its robust ecosystem, innovative features, and growing adoption, Bitgert is well-positioned to be one of the top crypto investments of 2024. The project’s focus on delivering zero-fee trading, rapid transaction processing, and continuous innovation makes it stand out in an increasingly crowded market. As Bitgert continues to evolve and introduce new solutions, it offers significant growth potential for investors looking to enter the crypto space.

In a market often dominated by well-known names like Bitcoin (BTC) and Ethereum (ETH), Bitgert is carving out its niche as a cost-effective and highly efficient platform. With the potential to offer substantial returns, Bitgert is a crypto asset worth watching closely in the coming year.

Investors should seriously consider adding Bitgert to their portfolios before its price rises further. The opportunity to invest in a rapidly growing project with strong fundamentals and a promising future is one that should not be overlooked.

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NAGA Breaks New Ground: Unveils First-Ever Trading App Integrated into Telegram Messenger

Written by CryptoCurrencyNews on . Posted in Cryptocurrency. Leave a Comment

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HAMBURG, Germany, Sept. 19, 2024 /PRNewswire/ — In a bold move that could redefine how retail investors engage with financial markets, NAGA has launched the world’s first fully integrated trading app within Telegram, tapping into the messaging platform’s 950 million-strong user base. This pioneering step positions NAGA as the first to offer seamless access to financial markets directly within Telegram’s App Center, setting the stage for substantial user growth and fresh revenue streams.

NAGA Breaks New Ground: Unveils First-Ever Trading App Integrated into Telegram Messenger

Branded as the “NAGA Everything Trading” app, the platform brings the full suite of NAGA’s SuperApp trading features into the heart of the Telegram ecosystem. Users can now onboard, complete KYC procedures, deposit funds, and trade over 4,000 assets — including Real Stocks and CFDs on Stocks, Crypto, Forex, Commodities, Indices — without ever leaving the app. The NAGA Everything App is available directly through Telegram at https://t.me/nagatrading_bot.

Telegram’s highly active monthly user base can now enjoy frictionless access to global markets, all from within their familiar messenger interface. For NAGA, this integration is more than just an innovative feature; it’s a gateway to a massive, previously untapped audience. What makes this even more appealing is the built-in access to both mobile and web versions of NAGA’s platform, offering users a fully interconnected experience across devices.

Looking ahead, NAGA is planning monthly updates for the Telegram version of the app, with an upcoming release set to feature its hugely popular Social Trading with AutoCopy, enabling users to replicate the trades of top investors in real-time.

To celebrate the launch, NAGA is introducing a new promotion for non-EU residents only – new users registering on Telegram NAGA App can claim a $35 trading bonus just for signing up and verifying their account—no deposit required. This exclusive, time-limited offer is designed to give first-time traders a head start in exploring the new Telegram Everything Trading App. With only 1,000 spots available and a 7-day window to claim, it’s a fast-track opportunity to dive into trading and explore the markets. Stay tuned for more exclusive offers! This $35 bonus is the first of many exciting promotions NAGA has in store to celebrate the launch of their groundbreaking new app.

“A Game-Changing Milestone”

Octavian Patrascu, CEO of The NAGA Group AG, underscored the strategic significance of this launch: “Bringing the first-ever integrated trading app to Telegram is not just a breakthrough for NAGA, it’s a transformational moment for our industry. With access to nearly one billion users, we now have an unprecedented opportunity to democratize financial markets on a scale that was once unimaginable. This is a crucial step in our mission to make trading accessible to everyone while accelerating our business growth.”

This move positions NAGA as an innovator in the rapidly evolving fintech space, with an eye firmly on global expansion. As traditional financial institutions grapple with digital transformation, NAGA is making bold strides toward capturing a new generation of traders who prefer intuitive, on-the-go access to financial markets — without the hassle of switching between apps.

About NAGA

NAGA is a forward-thinking fintech company revolutionising personal finance and trading with its all-in-one social trading platform. From Real Stocks and CFDs on Stocks, Crypto, Forex, Commodities, Indices and more to a physical VISA card, NAGA provides a complete, connected financial solution. With its innovative Autocopy features and a thriving community of traders, NAGA empowers users to trade, invest and collaborate and share ideas — making the markets accessible to all.

Ready to trade? Experience seamless trading like never before. Sign up and trade using the NAGA Everything Trading App now and take control of your investments in real-time https://t.me/nagatrading_bot .

Don’t miss out — trade smarter, trade faster, trade with NAGA.

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