Cryptocurrency

Assumptions and NotesAbout IRENIREN is a leading next-generation data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy.ContactsTo keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts.Forward-Looking StatementsThis press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. For example, forward-looking statements include but are not limited to the Company’s business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to be materially different from any future results performance or achievements expressed or implied by the forward looking statements, including, but not limited to: Bitcoin price and foreign currency exchange rate fluctuations; IREN’s ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet its capital needs and facilitate its expansion plans; the terms of any future financing or any refinancing, restructuring or modification to the terms of any future financing, which could require IREN to comply with onerous covenants or restrictions, and its ability to service its debt obligations; IREN’s ability to successfully execute on its growth strategies and operating plans, including its ability to continue to develop its existing data center sites and its ability to diversify into the market for AI Cloud Services (“AI Cloud”) solutions; IREN’s limited experience with respect to new markets it has entered or may seek to enter, including the market for AI Cloud solutions; expectations with respect to the ongoing profitability, viability, operability, security, popularity and public perceptions of the Bitcoin network; expectations with respect to the profitability, viability, operability, security, popularity and public perceptions of any AI Cloud solutions that IREN offers; IREN’s ability to secure and retain customers on commercially reasonable terms or at all, particularly as it relates to its strategy to expand into AI Cloud solutions; IREN’s ability to manage counterparty risk (including credit risk) associated with any current or future customers and other counterparties; IREN’s ability to secure renewable energy, renewable energy certificates, power capacity, facilities and sites on commercially reasonable terms or at all; the risk that any current or future customers or counterparties may terminate, default on or underperform their contractual obligations; Bitcoin global hashrate fluctuations; delays associated with, or failure to obtain or complete, permitting approvals, grid connections and other development activities customary for greenfield or brownfield infrastructure projects; IREN’s reliance on power utilities providers, third party mining pools, exchanges, banks, insurance providers and its ability to maintain relationships with such parties; expectations regarding availability and pricing of electricity; IREN’s participation and ability to successfully participate in demand response products and services and other load management programs run, operated or offered by electricity network operators, regulators or electricity market operators; the availability, reliability and/or cost of electricity supply, hardware and electrical and data center infrastructure, including with respect to any electricity outages and any laws and regulations that may restrict the electricity supply available to IREN; any variance between the actual operating performance of IREN’s hardware achieved compared to the nameplate performance including hashrate; IREN’s ability to curtail its electricity consumption and/or monetize electricity depending on market conditions, including changes in Bitcoin mining economics and prevailing electricity prices; actions undertaken by electricity network and market operators, regulators, governments or communities in the regions in which IREN operates; the availability, suitability, reliability and cost of internet connections at IREN’s facilities; IREN’s ability to secure additional hardware, including hardware for Bitcoin mining and AI Cloud solutions it may offer, on commercially reasonable terms or at all, and any delays or reductions in the supply of such hardware or increases in the cost of procuring such hardware; expectations with respect to the useful life and obsolescence of hardware (including hardware for Bitcoin mining as well as hardware for other applications, including AI Cloud solutions IREN may offer); delays, increases in costs or reductions in the supply of equipment used in IREN’s operations; IREN’s ability to operate in an evolving regulatory environment; IREN’s ability to successfully operate and maintain its property and infrastructure; reliability and performance of IREN’s infrastructure compared to expectations; malicious attacks on IREN’s property, infrastructure or IT systems; IREN’s ability to maintain in good standing the operating and other permits and licenses required for its operations and business; IREN ability to obtain, maintain, protect and enforce its intellectual property rights and other confidential information; whether the secular trends IREN expects to drive growth in its business materialize to the degree it expects them to, or at all; the occurrence of any environmental, health and safety incidents at IREN’s sites, and any material costs relating to environmental, health and safety requirements or liabilities; damage to its property and infrastructure and the risk that any insurance IREN maintains may not fully cover all potential exposures; ongoing proceedings relating to the default by two of IREN’s wholly-owned special purpose vehicles under limited recourse equipment financing facilities; ongoing securities litigation relating in part to the default; and any future litigation, claims and/or regulatory investigations, and the costs, expenses, use of resources, diversion of management time and efforts, liability and damages that may result therefrom; IREN’s failure to comply with any laws including the anti-corruption laws of the United States and various international jurisdictions; any failure of its compliance and risk management methods; any laws, regulations and ethical standards that may relate to IREN’s business, including those that relate to Bitcoin and the Bitcoin mining industry and those that relate to any other solutions we may offer (such as AI Cloud solutions), including regulations related to data privacy, cybersecurity and the storage, use or processing of information; any intellectual property infringement and product liability claims; IREN’s ability to attract, motivate and retain senior management and qualified employees; increased risks to its global operations including, but not limited to, political instability, acts of terrorism, theft and vandalism, cyberattacks and other cybersecurity incidents and unexpected regulatory and economic sanctions changes, among other things; climate change, severe weather conditions and natural and man-made disasters that may materially adversely affect its business, financial condition and results of operations; the ongoing effects of COVID-19 or any other outbreak of an infectious disease and any governmental or industry measures taken in response; IREN’s ability to remain competitive in dynamic and rapidly evolving industries; damage to its brand and reputation; expectations relating to Environmental, Social and Governance issues or reporting; the costs of being a public company; and other important factors discussed under the caption “Risk Factors” in IREN’s annual report on Form 20-F filed with the SEC on September 13, 2023 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of IREN’s website at https://investors.iren.com.These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that IREN makes in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/5bbd521b-f3b2-45fe-827f-9467bb7c79c5https://www.globenewswire.com/NewsRoom/AttachmentNg/1bc992e0-fb3f-4b23-8999-c7c21d081ea2 Source: IREN More

Merkle Trade, a decentralized trading platform that offers crypto, forex and commodities trading with leverage up to 1,000x, announced the close of a $2.1M seed round led by Hashed and Arrington Capital, with additional participation by Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital and Dorahacks.Merkle Trade aims to transform trading into an enjoyable and social activity accessible to all. The platform combines gaming elements and social trading to democratize the trading experience. This raise, coming on the heels of its launch at the end of 2023, will fuel the protocol’s growth initiatives as it continues to innovate as the leading decentralized perpetuals trading platform.The emphasis on gamified trading has proven to be transformative, leading to Merkle Trade’s substantial growth and success. With 90,000 traders and 5 billion of trading volume within just 4 months since inception, Merkle Trade has become a leading perp DEX on Aptos and ranks within top-10 across the whole decentralized derivatives ecosystem. As an omnichain platform, Merkle Trade currently works with Ethereum, Polygon, Arbitrum, Optimism, Binance Smart Chain, and Avalanche.Merkle Trade gamifies the trading experience through its unique level-up system, where active trading unlocks new levels, and rewards traders with loot boxes and exclusive NFT items with randomized trading benefits and point boosts. Additionally, traders can engage in weekly trading missions to earn points, with missions ranging from beginner to high-stakes levels, each offering corresponding rewards.About Merkle TradeMerkle Trade is a decentralized trading platform that offers crypto, forex and commodities trading with leverage up to 1,000x. With simplified trading UX and gamified trading features, the platform caters to both seasoned traders and newcomers alike, ensuring an unparalleled trading experience for all. On Merkle Trade, users not only benefit from exceptional perpetual DEX performance but also experience the excitement of competition and gaming. Traders can earn points, level up, and receive immediate rewards through loot boxes, all while trading on your own or alongside their peers.About HashedHashed is a team of blockchain experts and builders based in Seoul, Singapore, Bengaluru, and Silicon Valley. We believe that decentralization can transform not only the global economy but the very fabric of the internet. Our mission is to accelerate the mass adoption of blockchain by investing our resources and empowering a new wave of entrepreneurs and innovators to create this future. We participate as core technical contributors to global infrastructure, and we’ve built a network of projects and people that connect industry pioneers with the knowledge and resources necessary to unlock the potential of blockchain.About Arrington CapitalArrington Capital is a digital asset management firm primarily focused on blockchain-based capital markets. The firm, founded in 2017 by TechCrunch and CrunchBase founder Michael Arrington, TechCrunch CEO Heather Harde and Geoffrey Arone, has invested in hundreds of startups around the world. Arrington Capital is a seasoned, international team composed of Silicon Valley veterans and operators with deep venture capital experience and crypto native roots. Arrington Capital’s first fund was Arrington XRP Capital, and has expanded to multiple funds over time. For more information on Arrington Capital, visit https://www.arringtoncapital.com.About Aptos LabsAptos Labs, co-founded by Mo Shaikh and Avery Ching, is dedicated to creating better network tooling and seamless usability to bring the benefits of decentralization to the masses. Having now raised over $400M, Aptos Labs is backed by top-flight investors, including a16z, Jump Crypto, Binance Labs, Dragonfly, PayPal (NASDAQ:PYPL) Ventures, Andreessen Horowitz and Franklin Templeton Investments.The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/[email protected] article was originally published on Chainwire More

Maitreja, a trailblazing technology non-profit, is poised to revolutionize social networking and application development with its emphasis on user empowerment, authentic connections, and blockchain technology integration. At the heart of its initiative is Mait.me, a pioneering social network platform, accompanied by a dynamic suite of mobile applications, all designed to promote genuine interactions, mutual respect, and secure transactions within a blockchain-secured ecosystem.Innovative Social Networking and Strategic ExpansionMaitreja’s flagship platform, Mait.me, stands out as the first network to offer users the ability to customize their algorithm preferences, thereby enhancing the authenticity and relevance of social interactions. With an expected user base exceeding 100,000 by this summer, Mait.me is ambitiously targeting a substantial global audience. The platform is accessible for free, with a subscription model to ensure ongoing growth and sustainability. An innovative airdrop program is also set to reward creators with MAIT tokens in April, further encouraging high-quality content creation.The expansion continues beyond Mait.me. Maitreja is introducing mobile applications such as Tellmee, Mait Chat, and Mait Play (expected to launch in the second quarter of 2024), each designed for a unique purpose—from secure messaging and genuine video creation to educational content distribution. These apps will facilitate both cryptocurrency and fiat transactions, showcasing Maitreja’s flexible approach to financial operations.Maitreja has eight more apps waiting in the wings, including the revolutionary Mait Vote for blockchain-based voting or Mait Market for the sale of goods and services between users.Robust Financial Framework and TokenomicsMaitreja’s strategic financial planning includes securing a $1 million investment and launching an initial ICO of the MAIT token to back product development. The ICO provides financial support and involves the community in governance through voting rights. A forthcoming staking program promises profit sharing with token holders, aiming to enhance the token’s value and encourage community participation.The MAIT token, built on the Ethereum network and capped at 720 million units, is set to become more valuable after March 31, 2024, with its price increasing from $1 USDT to 1.2 USDT. Maitreja has put forward additional incentives for long-term token commitments, including a 10% bonus for a two-year lock-in period, underlining the project’s dedication to longevity and financial health. The team aims for the MAIT token to be open for public trading by the turn of 2025/2026.Unlocking Potential: Maitreja’s Strategy for Community and Investor GrowthMaitreja’s approach is deeply rooted in innovation, user empowerment, and a structured financial model that offers a compelling proposition for both investors and community members. The project emphasizes tangible product development and strategic financial incentives to foster engagement and investment in a manner that eschews speculative behavior.As Maitreja continues to build its comprehensive suite of applications, leveraging blockchain for enhanced security and transparency, it invites individuals and investors alike to explore the possibilities within its growing ecosystem.For more information or to engage with Maitreja’s visionary projects, interested parties can visit the official websites, www.mait.me and www.maitcoin.com.About Maitreja OrganisationMaitreja organisation is a technological non-profit organisation focused on connecting everyday applications to the world of crypto with the intention of improving the positive impact of technology on today’s society. Our team is transparent and traceable and we have been working on our mission since 2014.ContactLadislav KocianMAITREJA [email protected] article was originally published on Chainwire More

Mysterious blockchain Sophon has successfully raised $10 million led by Paper Ventures and Maven11. The funding round attracted contributions from prominent firms such as Spartan, SevenX, OKX Ventures and Huobi Ventures.With nothing more than a handful of tweets thus far, the details of exactly what Sophon entails remain largely unknown. The project’s enigmatic X bio merely states that it is a “modular blockchain powered by [BLANK] and [BLANK] on [BLANK], leading us all to a brighter future.”“Our investment in Sophon aligns with our vision to support projects which are not just technologically advanced but also have the potential to make a profound impact on their communities,” said Danish Chaudhry, General Partner of Paper Ventures.“Sophon’s unique and innovative approach to blockchain building presents a new frontier in the industry. We are thrilled to be part of this journey and entirely confident in Sophon’s ability to make a huge impact on not just web3 but beyond.”Leading figures from multiple industries have been liaising with Sophon for additional strategic collaborations, with details to be revealed by the team in due course and several projects rumored to be building on Sophon in the gaming and AI space. With its robust network, strategic collaborations and fierce commitment to innovation, Sophon has already made a considerable impact on the VCs and angel investors that have decided to support its secretive vision. The pioneers behind the project are excited to share more details very soon.About Sophon:Sophon is a blockchain backed by a consortium of leading investors. Despite its value proposition remaining largely secretive, the project has already raised $10 million from a slew of prominent investors and sealed several meaningful strategic partnerships.ContactItai [email protected] article was originally published on Chainwire More

This surge comes as the broader crypto market shows little movement ahead of extended holiday weekends in the U.S., Europe, and parts of Asia. Bitcoin price hovered around $70,000 during Friday’s Asian morning hours with minimal change over the past 24 hours. Meanwhile, major tokens such as Ether, Solana’s SOL, and Cardano’s ADA saw a slight decrease of 1%, whereas Bitcoin Cash rose by 4% to continue its rally from Thursday.However, meme coins outperformed other categories, including decentralized finance (DeFi), yield farms, and exchange tokens, with an average surge of 8%, according to CoinGecko.The rise in meme tokens began early Thursday amid rumors of Dogecoin being integrated into a new payment service by the social application X. Despite the lack of official confirmation, futures tracking DOGE soared to a record $2 billion.Launched in November, Dogwifhat has rapidly ascended in the meme coin sector thanks to its unique proposition. The coin started the day trading at $3.21, and following a period of sideways movement, it surged to reach an all-time high of $3.90 by the late afternoon, trading at $3.81 at the last check.The strong performance marks Dogwifhat’s best day since its launch, pushing it past the popular meme coin Pepe in the market capitalization rankings. According to data from Coingecko, Dogwifhat now ranks 38th among the top 100 cryptocurrencies, with a market cap of $3.8 billion, compared to Pepe’s $3.37 billion at 43rd place.Meme coins are typically known for their massive volatility and funny origins, making them highly sensitive to swift changes in investor mood. Dogwifhat, which is founded on the simple concept of “literally just a dog with a hat,” embodies the speculative essence of these assets. Their value is influenced more by shifts in market sentiment than by the traditional fundamentals that usually drive investment decisions.The surge in Dogwifhat coincides with gains across other meme coins, highlighting a broader interest in this category within the cryptocurrency space. Dog-themed tokens like floki (FLOKI), dogwifhat and Dogecoin were among the best performers, while Shiba Inu and Pepe also posted strong gains as investors are seeking opportunities beyond the mainstream crypto assets. More

Building on Plasma Next would make the DEX as convenient as CEX for trading with low fees, slippage, and waiting periodINTMAX, developer of the open-source Ethereum scalability solution Plasma Next that offers near-zero gas fees to enable nano-transactions, has announced that IdeaSoft, a member of Sigma Software Group that specializes in building fintech blockchain applications, is building a perpetual decentralized exchange on Plasma Next. This strategic partnership leverages IdeaSoft’s vast expertise in WEB3 development across various sectors, signaling a significant leap forward in the Plasma Next ecosystem.The perpetual DEX, called JIBx, will offer zero transaction fees, restaking, leverage of up to 250X, and boasts an on-chain matching engine with off-chain private settlement and account layers powered by Plasma Next. Users will get the cheapest transaction cost and highest performance with programmability while retaining the security and stability of Ethereum. INTMAX Plasma Next is the complete version of the Plasma, the Ethereum scalability solution presented by Joseph Poon and Vitalik Buterin in 2017. Plasma Next solved the main problem with the fund exit (difficult online requirements and on-chain verification costs) using zero-knowledge proofs. By ensuring constant state growth per block without individual liquidity preparations and removing the need for constant online vigilance, Plasma Next offers a practical solution to the long-standing challenge of achieving statelessness in blockchain systems. Recently, INTMAX Plasma Next teamed up with ETH Samba to empower Brazil’s vibrant Ethereum developer community and introduced the innovative nanoMoney.js, a groundbreaking JS library that aims to reward website users for engaging actions like reading, liking, or creating content. Through this collaboration, Plasma Next demonstrated its ability to facilitate rewards as small as $0.000000001 in DAI, which is only possible when the gas fee is almost zero. Plasma Next makes Ethereum ultra-convenient for micro- and nano-transactions at scale.Andrey Lazorenko, the Co-founder and CEO of IdeaSoft, said, “Super excited to start using INTMAX Plasma Next with our team! It’s exactly what we need to make many of the projects faster, more convenient for users, and finally get overwhelming adoption. Can’t wait to see what we’ll build with this.”INTMAX Co-founder Leona Hioki commented, “The IdeaSoft team is highly talented and professional, with unmatched experience in financial trading in general and virtual currency in particular. I am confident that together we will be able to create a product of exceptional quality. It is a great honor to work with them.”JIBx leverages Plasma Next for both settlement and account layers, ensuring unmatched privacy, low trading fees, security, and scalability. Distinctively, it features a perpetual on-chain limit order book utilizing black-red tree sorting. This strategic choice significantly lowers transaction costs while simultaneously increasing transactions per second (TPS), setting a new standard for DEX technology.This DEX is poised to be the first of its kind that combines the convenience of centralized exchanges with the integrity and security of decentralized platforms. Among its novel features are:Plasma Next represents a groundbreaking evolution, promising to redefine blockchain scalability and privacy for the digital age. By addressing the need for constant online presence—a significant barrier to user adoption—Plasma Next marks a significant leap forward, giving developers a platform to build secure and highly scalable dApps.About IdeaSoftIdeaSoft is an EU-based custom software development company with over 7 years of experience and a track record of delivering 250+ projects. The company’s primary focus is on developing blockchain & web 3.0 solutions, with a particular emphasis on CeFi, DeFi, dApps, blockchain gaming, blockchain infrastructure, RWA tokenization, security tokens, custom blockchain solutions, and smart contract development. Additionally, the team possesses extensive experience in creating fintech and banking apps, ranging from neobanking, core banking, open banking, and embedded banking to BaaS. IdeaSoft is an official partner and member of Sigma Software Group since 2021.About INTMAXINTMAX is developer of the open-source Ethereum scalability solution Plasma Next that offers constant near-zero gas fees to enable nano-transactions. It is the Stateless Ethereum Layer built for mass adoption, offering a highly efficient, secure, and scalable solution for blockchain applications. INTMAX provides a ready-to-use solution to empower any applications and services with instant, the most secure, and near-zero cost crypto transactions. For more information, visit: Website | X | GitHub | DocsContactSergei [email protected] article was originally published on Chainwire More

Acura Capital, a leading Brazilian Web2 funds with $1.8 billion in assets under management and $3 billion under custody, announces a new product to be launched with its close Web3 ally — Patex, the largest blockchain ecosystem for Latin America. Acura Capital is excited to unveil its latest venture: a cutting-edge digital bank. This product promises to redefine banking with an innovative approach tailored to the digital age. The main focus is on security, efficiency, and inclusivity.This revolutionary digital bank is designed to meet the unique needs of the Latin American market. It offers a blend of traditional banking services with modern cryptocurrency features.The bank will offer a comprehensive suite of services, including digital and crypto banking solutions, tailored to meet the needs of over 670 million users across the region.It introduces a range of services:RWA TokenizationPatex embeds tokenized RWAs in the $6 trillion economy of Latin America. The bank facilitates the transformation of tangible assets into securities that are tradable on traditional stock exchanges. These securities then form the basis for the creation of tokenized assets, which will be issued through security token offerings and tradeable on a secondary market safeguarded by KYC/AML protocols. This particular feature is developed under strategic guidance from expert advisors from Brazil’s Ministry of Finance and Central Bank.Digital WalletThe digital wallet provides a secure and convenient way to store and manage digital currencies and financial assets thanks to the advanced encryption techniques integrated for safety and privacy. Its intuitive interface facilitates instant transactions (whether sending or receiving funds). The wallet supports multiple currencies, so users can manage their diverse portfolios in one place.Patex Tokens for PaymentsPix, the instant payment system introduced by the Central Bank of Brazil, has rapidly gained prominence for its efficiency and convenience. By leveraging blockchain technology, Pix transactions can now be facilitated using Patex tokens, representing digital assets securely stored within blockchain wallets. These tokens serve as cryptographic representations of value, enabling seamless transfers of funds without the need for traditional intermediaries.FloatingFloating services offer flexible interest rates on savings and loans. They adapt to market conditions to provide the best possible terms for customers. This maximizes savers’ returns and offers affordable borrowing costs. With rates that adjust automatically, Patex Digital Bank clients gain transparency, a much-needed feature in the financial market.ExchangeThe exchange platform facilitates the swift conversion of various currencies (fiat and cryptocurrencies) at competitive rates with low transaction fees. It operates around the clock to provide real-time market data, make users trade efficiently, and optimize their financial strategies by taking advantage of market movements.Instant Money TransferUsers can send and receive funds instantaneously, 24/7 — transactions are completed within seconds for top-notch convenience and decreased waiting times traditionally associated with bank transfers.Crypto CardsPatex Digital Bank incorporates extensive capabilities for operating with cryptocurrency cards in addition to its comprehensive suite of operations with traditional currency cards. These cryptocurrency cards are designed to offer equivalent functionality to their conventional counterparts. Thus, users can make a wide array of transactions, such as in-store payments and online subscription fees, among others, and they can be easily integrated into Apple (NASDAQ:AAPL) Pay and Google (NASDAQ:GOOGL) Pay.Online SalesThis feature integrates with e-commerce platforms to provide merchants with fast transaction capabilities. It includes tools for:The loans are prioritized for fast approval times and minimal documentation required.Wealth ManagementTake advantage of personalized financial planning and investment management tailored to the individual goals and risk profiles of clients. Utilizing cutting-edge analytical tools and market insights, the services designed by Acura Capital and Patex optimize asset growth and provide strategic advice for long-term financial health.”By combining our respective strengths, we’re creating a digital banking platform that pushes the boundaries of what’s possible with technology. Our teams also deeply understand how to cater to the needs of Latin American users,” he said. “We’re confident that our digital bank will deliver a secure, intuitive, and comprehensive banking experience that bridges the gap between traditional financial services and the digital economy in such a promising region like Latin America.”About Acura CapitalAcura Capital, with $1.8 billion under management, is a leading provider of investment, portfolio analysis, and risk management services, known for its commitment to excellence and innovation. Acura Capital is dedicated to delivering superior financial solutions to its clients.About PatexPatex is the largest blockchain ecosystem in Latin America. It is a key player in the blockchain sector, focused on the emerging crypto market of Latin America. With offerings like the Patex Network, C-Patex Exchange, and Patex Campus, the company is at the forefront of addressing the region’s financial challenges (lack of infrastructure for launching CBDCs, time-consuming dollar transfers for foreign trade, a complicated banking system, lack of transparency in government-individual interactions, low blockchain industry knowledge among the population, and absence of instruments for crypto industry taxation) through technology.ContactCEORicardo Da [email protected] article was originally published on Chainwire More

With over 1,800 weekly payouts, NiceHash is leveraging one of the oldest and highest-performing Lightning nodes globally, which holds 2.2% of the network’s total capacity.NiceHash’s marketplace facilitates the rental of mining power, connecting miners with users looking to mine specific cryptocurrencies. The introduction of Lightning payouts simplifies the payment process, upgrades infrastructure and offers a better experience for both miners and users.“A few weeks after introducing Lightning payouts, it’s clear that our users are loving this feature. We’re proud to be one of the top supporters of the network both in terms of operating nodes, and now in terms of driving usage as well. Lightning lends itself very well to making small and regular payments, and we will be pushing adoption even more in the future,” said Vladimir Hozjan, CEO of NiceHash.Since introducing Lightning mining payouts, users have been actively engaging with the feature, creating over 700 Lightning addresses each week and receiving an average of 1,800 payouts weekly. Additionally, the platform reported 1,136 deposit transactions amid a growing interest in using the Lightning network from both buyers and sellers in the marketplace. Since establishing its node, NiceHash has processed over 350,000 Lightning transactions and more than 1,500 BTC in transaction volume.While the private nature of the Lightning network precludes the total transaction count, initial comparisons suggest that NiceHash users are transacting nearly twice as much on a weekly basis compared to the early figures from Kraken’s Lightning integration in 2022.Looking ahead, NiceHash plans to launch NiceHash Pay, a payment solution for merchants to accept Bitcoin via the Lightning Network, drawing on its extensive operational experience.Founded in 2014, NiceHash bills itself as the largest hashpower marketplace worldwide, with over 250,000 daily active miners and more than 1 million users across 190 countries. The platform acts as an intermediary between sellers and buyers of hashpower. More