Category: Cryptocurrency

A Glimpse into the Future with KuCoin at VTIS 2024

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HANOI, Vietnam, Dec. 4, 2024 /PRNewswire/ — KuCoin, a leading global exchange, has proudly hosted an enlightening substage session at the prestigious VTIS event on December 3rd, drawing a crowd of over 300 participants to Stage C with 4 insightful panels and 2 inspiring speeches. The session, themed “Next-Gen Consumer Apps and the Digital Economy,” offered a profound exploration into the transformative potential of digital assets.

During this pivotal event, visionaries, industry leaders, and enthusiasts gathered to delve into how digital assets revolutionize consumer experiences and the broader economic landscape. The session presented an array of discussions ranging from payments to blockchain’s role in consumer applications, focusing on the immense opportunities within the ASEAN market.

A panel on the “Next Generation of Payment” kicked things off, featuring innovators like Hieu Do (Head of Partnership of Holdstation), Cody Li (Founder of Terminus.network), and Cem Arcan (Head of Ecosystem of Next Generation). This was followed by a panel discussion on “Building Digital Markets with RWA,” where Mary Tran (CEO of Orochi Network), Wynn Le (Manager Director of SSI Digital), and CK Ong (COO of SBI Digital Market) shared their expertise.

Raymond Chu, Director of Thailand International Digital Business & Finance Center (TIDC), sharing expertise on Southeast Asian Digital Growth

Raymond Chu, Director of Thailand International Digital Business & Finance Center (TIDC), then delivered a keynote on “A Gateway to Southeast Asian Digital Growth,” highlighting the region’s unique market dynamics. The afternoon sessions also included a deep dive into “Future Innovation and Security in Blockchain,” with contributions from Celine Chong (Sales Engineer of Figment), Vi Vi (Co-Founder of ZKP Labs), and Will Huang (Ecosystem Lead of TONX). Yuki Zhou (HK Hub Lead of TON Society), Jenny Nguyen (COO of Kyros Ventures), Son Ho (MD and Head of Investment of k300 ventures) and Vanny Ha (Head of Vietnam of Kaia LTD Foundation) then took the stage to discuss Web3 Consumer App in ASEAN Market.

Trần Kim Duy Lân, Lecturer of HUTECH University, delivering insights on “Advancing Web3 Adoption in Education in Vietnam”

The event concluded with a keynote from Trần Kim Duy Lân, Lecturer of HUTECH University, focusing on the future impact of technology on blockchain and AI. The “Blockchain & Fintech Fiesta” networking hour wrapped up the event, fostering connections and discussions among innovators, industry shapers, youngsters and enthusiasts.

“We are glad to have hosted the event at the prestigious Vietnam National Convention Center, together with leading financial and technology companies like SSI Securities Corporation (SSI) and FPT,” said Alicia Kao, Managing Director of KuCoin. “KuCoin will continue to support the AI and blockchain technology innovation in Vietnam and provide platform and resource to the local community in education, incubation and mentorship.”

KuCoin has also collaborated with volunteers from prestigious Vietnamese universities, including Diplomatic Academy of Vietnam, Foreign Trade University, Academy of Journalism and Communicationand etc, offering enriching experiences and learning opportunities for the younger generation interested in blockchain, AI, and fintech industries. This partnership highlights KuCoin’s commitment to educational development. It stands as a cornerstone of KuCoin’s global corporate social responsibility initiatives, aiming to foster a knowledgeable and skilled future workforce in the rapidly evolving tech landscape.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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Cristiano Ronaldo and Binance Announce Fifth Digital Collectibles ‘ForeverSkills’ Celebrating the GOAT’s Legendary Skills

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The ‘ForeverSkills’ Digital Collectibles provides all holders exclusive access to football skills tutorials featuring Cristiano Ronaldo and the opportunity to attend a masterclass hosted by the football legend himself

DUBAI, UAE, Dec. 2, 2024 /PRNewswire/ — Binance and Cristiano Ronaldo today announced its latest set of Digital Collectibles, “ForeverSkills,” celebrating the footballer’s legendary skills that have set the standard and shaped the game of football.


(PRNewsfoto/Binance)

This collection features a “Proof of Skills” challenge where football fans will be able to show off their football skills to Cristiano Ronaldo through TikTok or Instagram. Seventy-seven handpicked participants of the challenge will be provided with a “Proof of Skill” Digital Collectible. One out of the chosen seventy-seven “Proof Of Skill” holders will be selected by Binance and Cristiano to get a once-in-a-lifetime opportunity to attend the masterclass with him in person, joined by one winner out of the 777 premium holders.

All holders of the Free and Premium Digital Collectibles will be given access to skill video tutorials where Cristiano breaks down his skills. Premium Digital Collectibles will be available for purchase at $77 with only 777 available where holders are able to access all seven skills video tutorials and digitally attend the video masterclass hosted by the GOAT. Premium holders also have the chance to win a pool of seven signed jerseys and seven WHOOP bands signed by Cristiano which will include the WHOOP device and full WHOOP app access for a year, and the grand prize to meet Cristiano Ronaldo in person at his masterclass.

“Through the ForeverSkills Digital Collectibles, Cristiano Ronaldo fans and Binance users will be able to connect with the football legend on a level that is only possible through our efforts bridging digital and physical worlds, including being able to duet with Cristiano Ronaldo for the first time through social media,” Binance Head of Global Partnerships Sarah Dale. “We are excited to allow his fans to participate in a skill challenge with him, learn the iconic skills that fans admire Cristiano for, while bringing them closer to him with exclusive access, content and merchandise.” 

“I am happy to have the opportunity to share and celebrate my skills with my fans, through my partnership with Binance where we are elevating the fan experience through Web3 and bringing real-world experiences from digital to physical,” said Cristiano. “This latest collection is all about skills, inviting the next generation of players and amateur footballers to take their skills to the next level while imparting my skills and sharing my legacy.”

The “Proof of Skill” challenge will take place from December 1 to 6, 2024 where participants will create a video duet on TikTok or Instagram recording their best football moves alongside Cristiano Ronaldo—winners will be chosen on December 8, 2024. Top entries will be picked by both Binance and Cristiano and given the exclusive “Proof of Skill” collectible, with only 77 in existence. One “Proof Of Skill” and one Premium holder will have the opportunity to attend a Cristiano Ronaldo masterclass in person.

Free Digital Collectibles of the collection will be available after registering for a Binance account and completion of KYC from December 9, 2024 till December 18,2024. Premium Collectibles will be available for purchase on December 12, 2024 till sell out or December 18, 2024. Learn all about the “ForeverSkills” drop here: The CR7 ForeverZone.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 240 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com

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SOURCE Binance

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Bybit Card Accepts Pre-Registration for Physical Cards in Brazil, Simplifying Global Spending with Crypto

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DUBAI, UAE, Dec. 2, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, steps up its commitment to the Brazilian market with the physical Bybit Card. Starting now, users in Brazil may pre-register their interest in the physical Bybit Card and enjoy free card issuance for a limited time only. The evolution of the Bybit Card reaffirms Bybit’s mission to deliver accessible and innovative financial solutions to its growing user base globally.

Bybit users in Brazil may unlock early access to the physical card before the general release in two simple steps:

  1. Apply for a virtual card and wait for approval; and
  2. Sign in and pre-register to secure the physical card for free.

Applications received during the pre-registration stage are entitled to extra perks, as the physical card will be offered at zero cost. Additionally, from now until the end of 2024, new users may also benefit from a generous welcome offer: successful applicants may unlock a 150 BRL reward simply by depositing 100 USDT and spending with the card.

Bybit Card Accepts Pre-Registration for Physical Cards in Brazil, Simplifying Global Spending with Crypto

Available virtually since Sep. 2024, the Bybit Card helped remove barriers to everyday crypto spending for more than 28 thousand users in Brazil. A strategic market in Latin America, Brazil has shown increasing demands for crypto assets in the private as well as public sectors, making reliable and convenient off-ramp solutions a necessity as crypto adoption rate rises.

“We are pleased to bring the Bybit Card experience in physical form for our customers in Brazil,” said Joan Han, Sales and Marketing Director of Bybit. “The Bybit Card has seen exponential growth this year and it would not have been possible without the support and trust of our users across four continents. We hope the physical card will accompany them on their journey when they make daily purchases and travel the world,” she said.

The Bybit Card comes with copious rewards for loyal users. With over 90 million merchants worldwide in the Mastercard network, the Bybit Card plugs the gap between crypto holdings and global spending with added benefits:

  • Zero fees for card issuance and delivery
  • Zero annual or hidden fees
  • 2% cashback in USDT, BTC and ETH on eligible purchases
  • Up to 8% APY
  • Instant virtual card for immediate access to funds

Users may learn more about how to Live the Crypto Life With Bybit Card.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 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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CleanSpark Executives to Discuss Fiscal Full Year 2024 Financial Results Via Webcast

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LAS VEGAS, Nov. 29, 2024 /PRNewswire/ — CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner®, will discuss its fiscal full year 2024 financial results via a live webcast beginning at 4:30 p.m. EST/ 1:30 p.m. PST on Monday, December 2, 2024. Results will be released after the close of regular trading on December 2, 2024.


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Webcast Information: To view the webcast, please click here.

Downloadable files, including transcripts, will be available on the company website 48 hours after the event.

About CleanSpark

CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading, pure play Bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.

Investor Relations Contact
Brittany Moore
702-989-7693
ir@cleanspark.com

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

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SOURCE CleanSpark, Inc.

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Tetherball Memecoin ($TBALL) Launches Athena.tball: AI-Powered Bot Empowering Community Engagement

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$TBALL: The Super Utility Coin—A Hybrid Meme-Utility Cryptocurrency for Payments

CHEYENNE, Wyo., Nov. 29, 2024 /PRNewswire/ — Tetherball Memecoin ($TBALL), a women-led and women-backed cryptocurrency, has launched Athena.tball, an innovative AI-driven bot designed to enhance community engagement and education within the cryptocurrency ecosystem.

As The Super Utility Coin, $TBALL bridges the gap between memecoins and utility tokens by offering real-world payment applications, scalable blockchain solutions, and a robust ecosystem designed for long-term innovation. Combining the fun and cultural appeal of meme tokens with practical functionality, $TBALL positions itself as a hybrid cryptocurrency that exceeds traditional expectations. With the launch of Athena.tball, Tetherball continues its mission to integrate cutting-edge AI with blockchain technology, enhancing user interactions and fostering active community engagement.

“$TBALL represents a unique blend of blockchain utility and AI-driven community innovation,” said Jenny Q. Ta, venture capitalist and backer of Tetherball Memecoin. “Athena.tball demonstrates how AI can enhance blockchain ecosystems by fostering engagement and education. As an AI-powered bot, it transforms how we connect with our community and educate $TBALL holders and the broader crypto world.”

Athena.tball: Enhancing Community Engagement
Athena.tball is a powerful tool for fostering deeper connections within the $TBALL ecosystem by supporting social media interactions and generating engaging content. Developed under the leadership of Zack Adams, Machine Learning Automation Specialist, Athena.tball’s key features include:

  • Autonomous Social Media Engagement: Generates tweets independently and responds to community interactions.
  • Meme Sharing: Utilizes a curated meme library, with plans to credit contributors.
  • Sentiment Analysis: Adjusts tone based on positive, neutral, or negative sentiments.
  • Contextual Awareness: Engages in relevant and meaningful conversations with users.
  • Self-Recognition: Maintains awareness of her identity in most interactions.

While other tools, such as Truth Terminal’s bot for $GOAT, have gained attention, Athena.tball distinguishes itself by integrating humor, education, and self-awareness. These unique qualities make it a dynamic resource for the $TBALL ecosystem.

“These capabilities allow Athena.tball to foster an informed and engaged community while promoting $TBALL’s values of education and innovation,” said Zack Adams, Machine Learning Automation Specialist. “She doesn’t just interact—she learns, educates, and entertains. If you’re not learning, you’re laughing; if you’re not laughing, you’re learning.”

Jennifer Strout, AI Ecosystem Strategist, commented: “Athena.tball is a bridge between blockchain innovation and meaningful community interactions. She’s designed to engage and educate, creating a solid foundation for the future of $TBALL.”
Jennifer brings extensive experience integrating AI into client-facing and backend systems. Her work has been featured on CNBC and Amazon Prime and has ranked in the top 10 lists on the Apple iOS Store. From computer vision to natural language processing, Jennifer continues to implement sustainable growth solutions for evolving industries.

About Tetherball Coin ($TBALL)
Tetherball Coin ($TBALL) is the first women-led and women-backed fixed supply cryptocurrency, designed as a hybrid meme-utility AI-powered digital asset. It focuses on education, innovation, and community-driven value. Powered by Solana‘s high-performance blockchain, $TBALL serves as a transactional coin for everyday services and subscriptions, offering a meaningful alternative in the cryptocurrency space.

For more information, visit TetherballCoin.com or follow @tetherballcoin on X (formerly Twitter).

Media Contact:
Kuan-Ning Tseng
Co-Founder
213-436-6467
386907@email4pr.com
www.tetherballcoin.com

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SOURCE Tetherball Memecoin

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Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

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DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 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

Bybit Logo

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Crypto Investment Trends: Why CYBRO is the Buzz

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The world of cryptocurrency is buzzing with excitement over CYBRO, a new decentralized finance (DeFi) platform gaining traction among large-scale investors and analysts. With the presale of CYBRO tokens surpassing $5.5 million, many are looking at this emerging asset as a unique opportunity within the ever-changing crypto investment trends. Let’s explore why this project has captured the attention of industry heavyweights and what it means for your crypto investment strategy.

CYBRO Presale Hits $5.5 Million: A Rare DeFi Opportunity

CYBRO’s presale success, with over $5.5 million raised, is making waves in the crypto world. Positioned as a multichain DeFi platform, CYBRO enables investors to maximize returns across multiple blockchains regardless of market fluctuations.

During the presale, CYBRO tokens are priced at $0.045, and experts predict a potential ROI of up to 1200%. This has led to significant interest from Solana (SOL) whales and other influential figures in the cryptocurrency space, reinforcing confidence in CYBRO’s potential.

Investors in CYBRO gain access to numerous exclusive benefits, including:

High staking rewards

Generous airdrops

Cashback on purchases

Discounted trading and lending fees

Robust insurance programs

With only 21% of tokens allocated for the presale and 100 million already claimed, CYBRO’s unique features set it apart in the crowded DeFi landscape. The project’s technological innovation and strong backing underscore its appeal to forward-thinking investors.

Solana’s Price Dip and Its Implications

While CYBRO gains momentum, Solana (SOL) has seen a recent dip in price, currently trading between $233.64 and $266.25. Over the past week, SOL’s value dropped by 6.88%, though it gained an impressive 30.92% in the last month. Analysts point to key indicators such as the Relative Strength Index (23.04) and Stochastic (13.75), both suggesting that Solana is oversold and could experience a rebound.

Resistance levels for Solana are set at $283.64 and $318.25, representing potential increases of 17% and 34%, respectively. On the downside, support levels at $214.41 and $179.81 provide a cushion against further declines. While Solana’s long-term potential remains intact, its recent volatility highlights the importance of diversification and strategic allocation.

Why CYBRO is a Game-Changer in Crypto Investment Trends

CYBRO stands out as a promising project within the DeFi space. Built on the Blast blockchain, it leverages AI-driven yield aggregation to optimize earnings for its users. This technological edge, combined with its transparent and compliant framework, ensures a superior experience for both new and seasoned investors.

The project’s focus on usability and security has attracted endorsements from crypto whales and influential market analysts. Features such as smooth deposits and withdrawals, coupled with a commitment to transparency, reinforce CYBRO’s standing as a reliable platform. For investors wary of market volatility, CYBRO’s diversified earning mechanisms offer a measure of stability in an unpredictable industry.

The Role of Major Players in CYBRO’S Growth Potential

The backing of major investors, including Solana whales, underscores CYBRO’s credibility and growth potential. Companies such as Coinbase (NASDAQ:COIN) and Riot Platforms (NASDAQ:RIOT) also demonstrate the increasing institutional interest in innovative blockchain solutions. While CYBRO is not yet publicly listed, its early success points to a bright future in the competitive crypto landscape.

Conclusion

The rise of CYBRO amid shifting crypto investment trends highlights the growing appetite for innovative DeFi solutions. With its successful presale, cutting-edge technology, and support from prominent investors, CYBRO has positioned itself as a standout opportunity in the crypto market.

Whether you’re diversifying your portfolio or exploring new opportunities, keeping an eye on projects like CYBRO could be a smart move. As always, remember to invest only what you can afford to lose and maintain a balanced approach to mitigate risks.

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Crypto Risks Surge Under Trump: Why Caution Matters

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The value of cryptocurrencies like Bitcoin has been climbing significantly following Donald Trump’s return to the political spotlight. As of November 22, Bitcoin hit a historic peak of over $99,000. Despite this upward trajectory, financial experts caution investors against diving headfirst into the crypto market. Let’s explore the core reasons why crypto risks should not be overlooked.

The Volatility of Cryptocurrencies

Rachel Lawrence, CFP and head of advice at Monarch, warns that cryptocurrency’s volatility is a double-edged sword. She believes a Trump presidency could create favorable conditions for crypto, including reduced regulations and energy policies that lower operational costs for miners. However, Lawrence emphasizes the unpredictability of the market:

“The crypto universe changes so quickly in reaction to world events,” Lawrence said. “While values might initially climb, one negative policy shift or global incident could send prices plummeting.”

This volatility, combined with the lack of tangible assets backing cryptocurrencies, makes them inherently risky compared to traditional investments like stocks or real estate.

Regulatory Risks Persist

Cryptocurrencies remain largely unregulated, which adds another layer of uncertainty. Unlike stocks held through brokers protected by the Securities Investor Protection Corporation (SIPC), crypto investors have no such safety net. Lawrence points out:

“If your crypto account gets hacked or a transaction is fraudulent, there’s no recourse to recover your funds.”

Platforms offering crypto services may also operate in jurisdictions with weak consumer protections, making it difficult to resolve disputes or secure assistance when issues arise.

The Energy Debate

Energy policies under a Trump administration could influence crypto’s trajectory. Cryptocurrencies, particularly Bitcoin, consume vast amounts of energy for mining operations. Policies favoring expanded fossil fuel use might lower mining costs, but this reliance on energy also leaves crypto vulnerable to fluctuating energy prices or environmental regulations. A sudden shift could have dramatic effects on market stability.

Illiquidity and Market Manipulation

Investing in lesser-known cryptocurrencies amplifies the risk of illiquidity. If demand dries up, selling your holdings could become difficult or even impossible. Market manipulation also remains a concern, particularly in small-cap cryptocurrencies with lower trading volumes.

Protecting Yourself in a Risky Market

Although crypto risks are substantial, investors can adopt strategies to minimize exposure. Lawrence recommends:

Choose Reputable Custodians: Use a trusted company or hardware wallet to store your crypto.

Diversify: Limit crypto investments to 5% or less of your portfolio.

Stick to Major Cryptocurrencies: Established options like Bitcoin and Ethereum typically have higher liquidity and lower risks of obsolescence.

Utilize Dollar-Cost Averaging: Investing small amounts regularly reduces the impact of market timing.

Secure Recovery Options: Always set up password recovery mechanisms and store credentials securely.

The Long View on Cryptocurrency Investments

While Trump’s presidency might create favorable conditions for crypto, the inherent risks of this volatile asset class remain. Investing only what you can afford to lose and maintaining a diversified portfolio are essential safeguards.

Companies like Coinbase (NASDAQ:COIN) and Riot Platforms (NASDAQ:RIOT) may benefit from an uptick in crypto’s popularity, but the same caution applies to equities tied to the crypto market. Ultimately, understanding the volatile nature of crypto risks is key to navigating this complex investment landscape.By remaining vigilant and informed, investors can make safer choices in this high-risk, high-reward market. Avoid going all in—your portfolio will thank you.

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BGAMING AWARDED PERU SUPPLIER LICENCE

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GZIRA, Malta, Nov. 28, 2024 /PRNewswire/ — Popular iGaming content provider BGaming has secured a highly sought-after licence in Peru, marking a significant milestone in its expansion across LatAm.

BGAMING AWARDED PERU SUPPLIER LICENCE

BGaming’s technical system of gaming software and its engaging portfolio have been officially approved by the gambling regulator Mincetur, a national administrative authority which implements and oversees all aspects of online gaming and sports betting in Peru. By receiving the B2B certification, BGaming broadens its appeal with local licenced operators in the newly regulated market.

The licence also opens up more opportunities for BGaming to expand its business and strengthen its position in the wider LatAm region, where it has enjoyed significant attention in the last 12 months.

Marina Ostrovtsova, CEO at BGaming, said: “Securing the Peru licence marks a pivotal moment in BGaming’s global expansion. This certification not only strengthens our presence in Latin America but also underscores our commitment to bringing high-quality, immersive gaming experiences to new audiences.

“We are excited about the opportunities this will unlock, both in terms of growth and the reception of our slots in this new market.”

BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,000+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 100+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.

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NIP Group Expands Esports Portfolio Through Strategic Partnership with The9 Limited

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Partnership to Transform MIR M into Global Esports Title

WUHAN, China, Nov. 26, 2024 /PRNewswire/ — NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, and The9 Limited (“The9”) today announced that NIP Group has entered into a strategic partnership with China Crown Technology Limited (“China Crown“), a wholly owned subsidiary of The9, to develop “MIR M” into a competitive esports title. Together, both parties aim to create a game that embodies the characteristics of MIR M and is suitable for esports adoption.

China Crown secured the exclusive publishing license of “MIR M” from Wemade Co., Ltd. (“Wemade”) in Mainland China in May 2024. The game is the latest version of the classic game “MIR”, including both mobile and PC versions. China Crown’s parent company, The9, listed on Nasdaq in 2004 and is one of China’s earliest online game developers and operators, known for successfully introducing multiple globally renowned titles to China, such as World of Warcraft and MU Online.

Under the agreement, the parties will collaborate deeply across three key areas: in-game esports integration, esports tournament system development, and promotion and marketing. NIP Group will leverage its extensive esports experience, event production capabilities, and social media resources both domestically and internationally, in combination with the vast player base of the game soon to be released by The9, to expand the market jointly. In addition, they will build a highly commercialized tournament ecosystem centered around the game and provide extensive support for its global promotion. This includes creating a synchronized, comprehensive, and highly efficient esports marketing network that resonates with esports fans.

Mario Ho, Chairman and Co-CEO of NIP Group commented: “We are thrilled to partner with The9. The9 has been committed to providing users with the forefront of gaming experiences and technical support. Combining the global esports expertise and fan engagement capabilities of NIP Group, we’re well-positioned to transform MIR M into a compelling esports title. Our shared vision is to create an engaging esports experience that honors the game’s legacy while opening new possibilities for competitive play.”

Hicham Chahine, Co-CEO of NIP Group remarked: “We are intensely focused on expanding our business across key verticals in a way that will have a tremendous impact on the growth of the industry at large. Through innovative partnerships, like today’s with The9, NIP Group is able to push the boundaries of our vision for a digital entertainment ecosystem that will reimagine IPs, develop additional market opportunities, and engage fans with new, creative experiences.”

Jun Zhu, Chairman and CEO of The9 added: “We are delighted to enter into this agreement with NIP Group. As a global digital entertainment group, NIP Group brings unparalleled expertise and resources in the esports sector, which will play a critical role in advancing the esports component of MIR M. We look forward to making this game one of the world’s largest esports titles.”

This partnership represents a significant advance in NIP Group’s strategy of diversifying its revenue streams, expanding its fan base, enhancing brand influence, and strengthening market competitiveness. It also marks an important milestone in the Company’s efforts to develop its game publishing business.

NIP Group remains committed to exploring innovative opportunities, delving deeper into the potential of creating entire esports ecosystems around games from scratch, driving the prosperity of the esports industry, and delivering more extraordinary experiences to esports enthusiasts worldwide.

About NIP Group
NIP Group (NASDAQ: NIPG) is a digital entertainment company created for a growing global audience of gaming and esports fans. The business was formed in 2023 through a merger between legendary esports organization Ninjas in Pyjamas and digital sports group ESV5, which includes eStar Gaming, a world leader in mobile esports. Building on the success of its competitive teams with an innovative mix of business ventures, including talent management, event production, hospitality and game publishing, NIP Group is developing transformational experiences that entertain, inspire and connect fans worldwide, to expand its global footprint and engage digital-first gamers where they are. NIP Group currently has operations in Sweden, China, Abu Dhabi and Brazil, and its esports rosters participate across multiple game titles at the biggest events around the world.

About The9 Limited
The9 Limited (NASDAQ: NCTY) is an Internet company listed on Nasdaq in 2004. The9 is committed to become a global diversified high-tech Internet company, and is engaged in online games operation, Bitcoin mining and AI investment businesses in different industries.

Safe Harbor Statements
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Cision View original content:https://www.prnewswire.com/news-releases/nip-group-expands-esports-portfolio-through-strategic-partnership-with-the9-limited-302316264.html

SOURCE The9 Limited

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