Aurelia Butler

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  • 75 Shares99 Views

    in Cryptocurrency

    Binance Launches Payments Technology Company, Bifinity

    The announcement comes as Bifinity also announced that it has entered into a strategic partnership with EQONEX Limited (NASDAQ: EQOS). As the first digital asset firm with an exchange to be publicly listed in the U.S., EQONEX offers regulatory-focused trading services centred around the EQONEX crypto exchange, institutional-grade digital asset investment solutions, including an asset manager together with the pending launch of exchange-traded products and structured products, and Digivault, an FCA-regulated high-security crypto and digital asset custody solution.Under the terms of the strategic partnership, Bifinity will advance a US$36 million convertible loan to EQONEX and will work together to maximize business synergies created by this new strategic relationship and capitalize on opportunities to cooperate and further expand their businesses.In addition, Bifinity announced that it has partnered with leading specialized payments platform, Paysafe and leading global payments processor, Checkout.com, to grow the Web3 economy by expanding cryptocurrency access globally and enabling users to buy and sell crypto safely. From launch, users will be able to buy and sell more than 50+ cryptocurrencies through fiat on- and off-ramps in a fast, simple and secure way.”As the crypto and the Web3 economies continue to grow, we see greater demand to build improved fiat-to-crypto on- and off-ramps to bridge the gap between the traditional finance industry and the decentralized and centralized crypto economy. Binance’s vision is to increase the freedom of money globally and through the launch of Bifinity, and with these strategic partnerships with EQONEX, Paysafe and Checkout.com, we aim to accelerate mass crypto adoption,”
    said Helen Hai, President of Bifinity.Chi-Won Yoon, Chairman of EQONEX said today,”We are extremely pleased to team up with Bifinity in a partnership that is likely to be transformational for both companies and for the industry at large. Bifinity shares our strong belief in helping to bridge the world of traditional finance with cryptocurrencies, as well as our conviction to operate to the highest standards of investor protection, regulatory oversight, security and governance. This transaction marks the next logical step in our company’s evolution, representing an important opportunity to grow our footprint and expand our regulated offerings for the benefit of our customers and shareholders.”
    Bifinity’s payments infrastructure connects businesses, merchants and consumers to the world of crypto and blockchain – including buy/sell crypto services and API crypto payments integrations. By providing straightforward APIs that require minimal expertise, merchants and businesses, regardless of experience, can integrate Bifinity’s intuitive services and provide accessible crypto for their customers.”We expect global e-commerce to continue outpacing the growth of traditional commerce—especially with the adoption of cryptocurrencies and NFTs,”
    said Max Rothman, VP of Crypto at Checkout.com.”Our payment rails already power the world’s leading crypto exchanges, representing almost 80% of the global trading volume. And that’s why our foundational partnership with Bifinity and the Binance platform is so important. Together we are lowering the barrier to entry for merchants to accept and make their first cryptocurrency transactions, and enabling them to seize the great Web3 opportunity that lies ahead.”
    Through these partnerships, Bifinity will upgrade its on-ramp payments processing infrastructure, with future plans to integrate enhanced fraud detection. Paysafe will bring to Bifinity deep regulatory know-how of fiat-to-crypto payments. Paysafe’s embedded finance solution, which acts like a white label Bifinity digital wallet, has strengthened it’s on- and off-ramp capabilities and already enabled Bifinity to reactivate SEPA bank transfers and Faster Payments. Moving forward, through Paysafe, Bifinity will look to expand into Latin America where it has a market leading real-time payments offering and is in plans to integrate Paysafe’s card processing service in the UK and Europe over the next few months.Philip McHugh, CEO, Paysafe, said: “Binance is a true leader in crypto, NFTs and the fast-emerging Web3 through innovative products and services that customers truly love. With the launch of Bifinity, they are now taking their growth to the next level. Paysafe is proud to partner with Bifinity providing a full range of payment solutions, as well as leveraging our deep regulatory and compliance capabilities. Starting with digital wallets and real-time banking solutions, we look forward to expanding the relationship with more products and geographies as we help the team achieve their growth ambitions.”
    Bifinity was established in 2021 and has been powering Binance’s fiat-to-crypto on- and off-ramps, processing millions in transactions globally for Binance.com users and charging low payment processing fees to its merchants.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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  • 175 Shares159 Views

    in Economy

    Thai GDP growth may miss forecast this year over Ukraine crisis – Finance Minister

    “There will be some impact… it’s possible that growth may come off the lower end of the forecast a little,” Arkhom Termpittayapaisith told a news conference, referring to Russia’s invasion of Ukraine. Foreign tourist arrivals in the Southeast Asian country could also miss the ministry’s forecast of 7 million this year, Arkhom said.The high price of goods driven by rising energy prices has slowed domestic consumption, he said.The finance ministry, the central bank and the state planning agency were reassessing the impacts of the conflict on Thailand’s economy, he added. The government is considering measures to help reduce people’s living costs, including utility subsidies, Arkhom said, without giving further details.The cabinet on Tuesday approved a six-month excise tax cut on diesel and fuel oil for power generating to help reduce the impact of high fuel prices, Arkhom said.($1 = 33.17 baht) More

  • 113 Shares119 Views

    in Cryptocurrency

    DecentWorld – Creating the Metaverse Reality with Swiss Precision

    The platform recently launched on March 1st, and enthusiastic users have already started buying virtual real estate in the metaverse, with entire blocks, and even cities of streets being snapped up. The creators of the highly anticipated platform say that DecentWorld will revolutionize the blockchain industry step by step, and provide real-world value to virtual real estate. Quality is one of many things the Swiss are known for. They have held this reputation and its bragging rights for a very long time, so much so that any product that comes out of Switzerland almost instantly carries the emblem of trust. Building on the Swiss legacy, DecentWorld is one of the several blockchain projects to debut in the country, with the idea of creating a solid blockchain-based metaverse platform being born within Switzerland itself. The owners of DecentWorld, Swiss Asset Management AG, are also a part of the broader Swiss financial product ecosystem.While Switzerland is one of the smallest countries in Europe, it has been making history in the fintech and innovation sectors. Being practically synonymous with quality and the tech movement, Switzerland is referred to as the next Silicon Valley for crypto and blockchain and is one of the most innovative countries, claiming numerous awards and accolades for innovation, all while being lauded for its craftsmanship and quality for an even longer time. DecentWorld’s creators have already garnered attention for their elegant, neat, and functional designs. Inspired by the Swiss approach to designing the future, the development team of the DecentWorld metaverse platform introduced a unique user interface with an artsy touch. The team of industry professionals placed particular emphasis on building a carefully thought out user experience featuring a fresh approach to design that makes DecentWorld easy, intuitive, and entertaining to use.Security and quality are an essential part of Swiss culture and their approach to finances. That is why DecentWorld has integrated Swiss quality security features into the platform, such as KYC and user verification processes, two-factor authentication, and data privacy measures to ensure the validity and transparency of transactions and data handling. The reliability of the metaverse platform is further secured through carefully structured and sustainable tokenomics.About DecentWorldDecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation Web3 experience. The platform allows members to purchase and trade virtual NFT streets, which can then be combined into collections. Completed collections automatically start generating yield which is accumulated and distributed on regular intervals. Using state of the art security features, DecentWorld also stands for trust and transparency in the blockchain industry.To fully explore our metaverse, please visit www.decentworld.com.Follow our latest updates on Twitter (NYSE:TWTR), Telegram, Instagram, and Facebook (NASDAQ:FB).For further inquiries & talent outreach, please message [email protected] NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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  • 125 Shares169 Views

    in Cryptocurrency

    TNC, Jim Rogers Holdings Officials Discuss ‘Next Generation Blockchain Business’

    This important affair undersigned TNC’s role in uniting the cryptocurrency world, heavily investing in blockchain companies rich in potential. Moreover, the meeting further solidifies TNC’s position as a champion for blockchain technology integration.“While we actively look for and help promising blockchain companies, we also go all out in developing many new ways blockchain technology and cryptocurrency can be used to improve people’s lives,” said TNC Chief Strategic Officer Lee Geun-woo.This meeting with a highly reputed company such as Rogers Holdings forwards the blockchain integration cause, wherein some experts believe blockchain technology will mostly impact the world.Lee added to the gravity of …Continue reading on CoinQuora More

  • 150 Shares179 Views

    in Cryptocurrency

    VanEck files for new ETF to track crypto and gold mining companies

    According to the SEC document filed on Thursday, the fund will focus on securities in an index that reflects the performance of gold mining and digital assets mining firms. It would not invest in cryptocurrencies directly or through derivatives. However, there was no ticker or cost ratio mentioned in the document.Continue Reading on Coin Telegraph More

  • 150 Shares139 Views

    in Economy

    Exclusive-EU to sanction more Russian oligarchs, Belarus banks over Ukraine invasion -sources

    BRUSSELS (Reuters) – The European Commission has prepared a new package of sanctions against Russia and Belarus over the invasion of Ukraine that will hit additional Russian oligarchs and politicians and three Belarusian banks, three sources told Reuters on Tuesday.The draft sanctions were adopted by the EU executive on Tuesday morning and will be discussed by EU ambassadors at a meeting starting at 1400 GMT, one source said.The draft package will ban three Belarusian banks from the SWIFT banking system and add several more oligarchs and Russian lawmakers to the EU blacklist, the sources told Reuters.The package also bans exports from the EU of naval equipment and software to Russia and provides guidance on the monitoring of cryptocurrencies to avoid their use to circumvent EU sanctions, the sources said.Moscow describes its actions in Ukraine as a “special operation” to disarm its neighbour and arrest leaders it calls “neo-Nazis”. Ukraine and its Western allies call this a baseless pretext for an invasion to conquer a country of 44 million people.EU diplomats have so far approved sanctions proposed by the EU Commission against Russia and Belarus without any changes.The EU has already excluded seven Russian banks from SWIFT, but had not included Belarusian banks.The sources declined to name the new lenders to be sanctioned.One source said the package also listed oligarchs and members of Russia’s Federation Council, which is the upper house of the Russian Parliament.So far EU sanctions have hit hundreds of members of the lower house, the Duma, who voted in favour of Russia’s recognition of the self-proclaimed people’s republics of Donetsk and Luhansk in eastern Ukraine.The EU will also expand its ban on EU exports of advanced technology to Russia, mostly supporting the ban on the export of maritime technology, the sources said.The ban on the export of naval equipment and software to Russia is mainly meant to hit its shipping sector, one source said. More

  • 138 Shares159 Views

    in Economy

    Fines over cheaper 'posted workers' must be proportionate, EU court says

    BRUSSELS (Reuters) – Fines on companies that send workers from low-pay EU states to richer member states and fail to comply with the latter’s red-tape should be proportionate, Europe’s top court said on Tuesday.The issue of so-called ‘posted’ workers employed on contracts that need only guarantee the host country’s minimum wage has divided EU states for years. The case before the Luxembourg-based Court of Justice of the European Union (CJEU) arose after an Austrian court sought guidance on a 54,000 euro ($58,708.80) fine levied by an Austrian administrative authority on a Slovakian company that had sent workers to Austria.The administrative body said the Slovakian company had failed to comply with Austrian labour law obligations to retain wage and social security documents for the posted workers.CJEU judges said penalties should not be disproportionate.”Posting of workers: national courts must ensure that penalties for non-compliance with administrative obligations are proportionate,” the Court said.”National courts may apply a national system of penalties contrary to the directive concerning the posting of workers as long as it ensures proportionality of the penalties.”The case is C-205/20 Bezirkshauptmannschaft Hartberg-Fürstenfeld.A rich-poor divide over the issue of posted workers prompted the European Commission to adopt rules four years ago that limit the right of citizens from poorer member states to work in richer ones on a low salary.($1 = 0.9198 euros) More

  • 138 Shares159 Views

    in Cryptocurrency

    Huobi Global Launches Million Dollar Primebox Promotion to Celebrate Women’s Day

    International Women’s Day is an opportunity for people to celebrate and appreciate the advancements and successes of women throughout history. This particular promotion is designed to raise female engagement in the blockchain and cryptocurrency industries. A recent survey by Blockfi in the U.S. showed that while 24% of American women already own crypto, 75% have only engaged in simple spot trading, meaning that they have yet to take advantage of a full ecosystem that includes earning interest and rewards or engaging in mining and staking. Only one in 20 had reported purchasing NFTs.This promotion will leverage a unique, interactive user campaign to increase engagement. Users have the chance to win five types of cards, with each representing a different heroine and featuring a unique message. Users can complete a series of tasks to win heroine cards and open mystery boxes. A total prize pool of one million USDT will be divided up amongst the lucky winners.For the five heroine cards, Huobi Global selected Marie Curie, Cleopatra VII, Mother Teresa, Florence Nightingale, and the archetypal Mother. These figures were chosen for their contributions to society, and to inspire young women to realize their own dreams and aspirations in life.In addition to the million-dollar prize pool, surprise rewards will be given to ten top-performing female users during the final stage of this promotion. The ten top-performing female users will be invited to create and mint NFTs, and together with the five heroine card NFTs, the collection will be listed on Opensea for sale. Part of the revenue from the sale of NFTs will be used to reward the winners, and the rest of the proceeds will be added to Primebox’s existing prize pool of $1 million.Furthermore, Huobi Global will also launch a series of other events for Women’s Day, such as a Derivatives Trading Contest, a Back to Huobi Futures promotion, Huobi Earn Featured, Welcome Bonuses, and four other activities.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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