Cryptocurrency

Nexo redesigns its innovative solutions for long-term digital wealth building with 24/7 advanced client care on Bitcoin Whitepaper Day. Nexo, a leading digital assets institution, today announced its major rebrand and platform redesign, marking its evolution from a crypto lending pioneer to the first comprehensive and compliant digital assets wealth platform. Unveiled on Bitcoin Whitepaper Day, this step reflects Nexo’s growth and broader strategic vision for empowering forward-thinking investors to grow, preserve, and utilize their wealth. Following 20 months of client research across 5,000 users in 23 countries, Nexo’s revamped platform – with a new logo, website, and enhanced user interface – responds to the growing demand for sophisticated, yet flexible digital asset solutions. This evolution aligns with the needs of those who recognize the power of cryptocurrencies to create long-term value, as Nexo continues on its mission to drive the next generation of wealth.Nexo evolves with the maturing crypto landscapeNexo has been at the forefront of this evolution. With a robust business model and diverse offerings, Nexo has earned the trust of both retail and institutional investors across more than 200 jurisdictions. Its impressive track record – over $320 billion in processed transactions, $8 billion in crypto credit issued, and $945 million in interest paid out – cements its new direction: shaping the next generation of wealth.A new look for a new eraNexo’s new brand and visual identity reflect its mature, focused direction, namely “Driving the next generation of wealth” – in line with the discerning nature of crypto holders.The revamped identity integrates movement and precision, symbolizing Nexo’s commitment to client prosperity and forward-thinking solutions. Central to the upward-flowing logo pattern are two key concepts: human resilience – represented by a spiral – nods to the perseverance and adaptability inherent in human DNA, and exponential growth – captured by mathematically precise diagonals – shows the boundless opportunities of digital assets.Inspired by the modern, active lifestyle of Nexo’s clients, the new identity blends soft greys and beiges with energetic greens to capture today’s opportunities. Flowing patterns and precise elements convey both flexibility and security, resonating with Nexo’s clientele which demands innovation and reliability in managing their wealth.Nexo’s 360° product suite aligns perfectly with these demands and offers:Looking ahead, Nexo is evolving its suite of digital asset wealth tools with a strong focus on compliance and security systems built for long-term stability. The company continues to pursue strategic partnerships and international expansion, solidifying its position as the world’s leading digital assets wealth platform.For more information about Nexo’s ‘Wealth Forward’ strategy, users can visit https://nexo.com/brand.About NexoNexo is a premier digital assets wealth platform empowering clients to grow, manage, and preserve their crypto holdings. Our mission is to drive the next generation of wealth by prioritizing customer prosperity and delivering tailored solutions for building long-term value, supported by 24/7 client care. Since 2018, Nexo has been delivering unmatched opportunities to forward-thinking clients across more than 200 jurisdictions. Our all-in-one platform combines cutting-edge technology with a client-centric approach, offering high yields on flexible and fixed-term savings, crypto-backed loans, advanced trading tools, and liquidity solutions through the first debit/credit crypto card. Backed by deep industry expertise, a sustainable business model, robust infrastructure, security, and global licensing, Nexo champions innovation and long-lasting prosperity.Official website: nexo.comNote: Some of the products and services are unavailable to citizens or residents of certain jurisdictions, including where restrictions may apply.ContactNexo Communications TeamNexopr@nexo.comThis article was originally published on Chainwire More

Mawari Network, a spatial computing DePIN (Decentralized Physical Infrastructure Network), has announced a limited node license sale. Already a pioneer in immersive content, the node sale will make Mawari’s 3D streaming technology more scalable and accessible for content creators and developers. This node sale will help create a global, decentralized spatial computing infrastructure as the market for extended reality devices like the Apple (NASDAQ:AAPL) Vision Pro, Meta (NASDAQ:META) Orion, and Meta Quest 3 is projected to reach more than 100 million units in the next five years. As demand for immersive experiences grows, Mawari is building a network that can grow with it. Mawari’s infrastructure is optimized for the demanding needs of immersive experiences, positioning Mawari as a key actor in the emerging multibillion-dollar spatial computing market. Called “a sleeping lion” by Samsung (KS:005930) Next, Mawari is redefining and building the future of spatial computing. Its solution comprises the Spatial Streaming SDK and the Mawari Network. The SDK, supporting the Unity and Unreal engines, empowers developers to create seamless, immersive experiences. The Mawari Network, working in parallel, leverages a globally distributed network of GPU nodes to ensure low latency and optimal performance. The node license sale’s objective is to help scale the network, optimize its global performance, and ensure its resiliency.Node Sale DetailsThe node sale is scheduled for Q4 2024, building out the Mawari Network’s ability to perform compute-intensive tasks and efficiently deliver immersive 3D content on a global scale. The Mawari Network will be leveraging specialized GPUs around the world for advanced computation and streaming tasks, but a set of Guardian Nodes are needed to verify their work and the performance of the network overall as it serves multiple simultaneous immersive experiences. The node sale is for licenses to operate these critical Guardian Nodes.More specifically, Guardian Nodes’ responsibilities include assessing critical performance indicators like latency, bandwidth, and content quality to maintain the high standards necessary for immersive, real-time experiences. By monitoring the Mawari network, the community-run Guardian Nodes will make it more performant and more resilient, ensuring it can scale securely as it grows.Details of the node license sale will be announced soon.About MawariMawari is setting the standard for decentralized spatial computing and immersive content delivery. The Mawari Network powers real-time streaming of immersive content through a global network of compute nodes. Mawari is optimizing XR for awe, creating unforgettable experiences and revolutionizing how creators engage audiences at scale.Mawari Network built the foundational technologies to power the next generation of interactive media, fully realizing the possibilities of virtual worlds existing seamlessly alongside our physical reality. Its core technology, the Mawari Engine and Spatial Streaming SDK, runs on the Mawari Network — the world’s first and only DePIN (Decentralized Physical Infrastructure Network) that orchestrates storage, bandwidth, and rendering in real-time for spatial computing.Bypassing the rendering limitations of existing mobile devices and content delivery networks, Mawari’s global network of compute nodes has already powered activations from digital fashion shows to concert visualizations. The Mawari Network’s peer-to-peer architecture was purpose-built to scale spatial media streaming requirements with a community-centered ethos.Website: https://mawari.net/X (Twitter): https://x.com/mawariXRDiscord: https://discord.gg/mawariContactWill Haskinswill@serotonin.coThis article was originally published on Chainwire More

On Oct. 31, 2008, Nakamoto released the nine-page whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System,” which introduced a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without the use of a financial institution. This document would go on to outline the framework for a decentralized, digital currency powered by blockchain technology, marking a pivotal moment in the history of cryptocurrencies. Bitcoin historian Pete Rizzo spotlighted the 16th anniversary of the Bitcoin white paper in a recent tweet, referring to it as “the perfect day to start the next bull run,” a sentiment that coincides with Bitcoin’s recent rise beyond $73,000. Since its publication, the whitepaper has not only aided Bitcoin’s prominence but has also laid the groundwork for an entire ecosystem of cryptocurrencies and blockchain applications. The paper continues to inspire innovation in a variety of domains, including decentralized banking and digital identity verification.The Bitcoin white paper proposed a solution to the double-spending problem using a peer-to-peer network. Building on ideas like Adam Back’s “Hashcash,” Satoshi adapted the preexisting proof-of-work concept in order to address the double-spending problem.At the time of writing, Bitcoin’s price fell by 0.15% in the last 24 hours to around $72,302, according to CoinMarketCap. Bitcoin reached $73,624 on Tuesday, its highest level since March 14, when it set a record.Bitcoin has been trading in a restricted range of $55,000 to $70,000, so the price climb remains significant. It has flirted with the $70,000 mark numerous times this year, and previous attempts over that level have proven to be only blips.Bitcoin has benefited from the market’s larger risk-on sentiment, with stocks reaching record highs this month amid rising interest rates, the return of demand for Bitcoin ETFs and another Federal Reserve rate policy announcement on Nov. 7.Bitcoin’s price has grown by over 9% in the last week. The digital asset is on track to close October up 14%, its biggest month since March.This article was originally published on U.Today More

Tony Vejseli, Figure Markets Holdings Inc., and GXD Labs, LLC (collectively “the Group”) today issued a statement to address recent developments following a meeting held on October 28 at White & Case’s Midtown Manhattan offices, where the Group met with the board of directors (the “Board”) and management team of Ionic Digital, Inc. (the “Company” or “Ionic”). The Group thanked White & Case for hosting the discussion but noted a need for clarification following the Company’s summary of the meeting in a press release, which they believe misrepresented several key points.In response to Ionic’s statement regarding its affirmation of “strong momentum” and its “laser-focus” on implementing its strategic initiatives, the Group raised concerns over the Board’s apparent lack of knowledge of core operating metrics. They highlighted that the Board appeared unprepared to discuss any aspects of its financial or operational performance, including by answering any of Mr. Vejseli’s questions as described in his post on X, leading to questions about the Company’s competitive position and valuation. The Group also expressed skepticism about Ionic’s ability to complete its audit, initially expected in early 2024 and now anticipated by Q1 2025 according to the Company, within the announced timeframe due to the apparent lack of available financial information, including the Company’s EBITDA and expenses.The Group indicated that alternative liquidity options for shareholders were discussed, yet they felt these options had not been fully explored or evaluated by the Board. The Group also raised concerns over Ionic’s contract with Hut 8, noting that, although it had presented a proposed solution, no alternative path forward was discussed by the Board or management.During the meeting, the Group outlined a proposed plan for refreshment of the Board, specifically suggesting the resignation of three current board members—Scott Duffy, Tom DiFiore, and Emmanuel Aidoo – to be replaced by three new, independent directors with the requisite experience and skill sets. The proposal, supported by a detailed presentation, emphasized the need for strategic and experienced leadership to better align the company’s actions with shareholder interests.Shareholders are encouraged to review the proposal and consider supporting a special meeting to vote on board changes.About Figure MarketsFigure Markets is democratizing finance through blockchain. We’re building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. We’re bringing best-in-class leverage, margining, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts our members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.Users can learn more at www.figuremarkets.com.ContactDirector, MarketingPaula Machado JacklerFigure Marketspress@figuremarkets.comThis article was originally published on Chainwire More

Bybit Powered by SATOS acknowledges the decision by De Nederlandsche Bank (DNB) to impose a fine of EUR 2,250,000 for providing services without registration between October 2, 2020, and September 15, 2023. Bybit respects the DNB’s decision.As the first exchange that embraced the regulation in the Netherlands since the announcement from the regulator, Bybit began its remediation efforts as early as 2022 by facilitating the transfer of our customers in the Netherlands to SATOS B.V. to minimize potential financial damage and impact on our consumers. Throughout this process, Bybit kept the DNB fully informed and successfully completed the transfer of our Dutch customers on September 15, 2023.Since September 2023, Bybit has operated under Bybit Powered by SATOS, leveraging SATOS’s Virtual Asset Service Provider (VASP) license accredited by the DNB. This strategic partnership underscores Bybit’s dedication to offering secure, compliant, and innovative crypto services. Bybit has recently opened a local office in Amsterdam, a major milestone on our journey to serve crypto enthusiasts of the Netherlands even better.#Bybit / #TheCryptoArkAbout Bybit Powered by SATOSIn June 2023, Bybit formed a strategic alliance with SATOS, one of the oldest crypto service providers operating in the Netherlands and Belgium since 2013. This partnership is a testament to our commitment to providing the best services to our users in line with regulatory guidelines, and ensuring the delivery of high-quality services to our users.ContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

This time, Kusama responded to the founder of 1confirmation investment company and also a regular SHIB enthusiast, who claimed that Shiba Inu is likely to remain just a “chump change meme.”That list starts with Bitcoin and ends with stablecoin-based platform Bridge. In the middle, he placed Coinbase (NASDAQ:COIN), Ethereum, Maker DAO, OpenSea and Polymarket. They “all have faced endless FUD and used it as fuel,” Tomaino wrote.Shytoshi Kusama responded to that post, saying “Again, the disrespect… smh #SHIB.”This partly refers to his earlier comment on a post by user @Vivek4real_ X, who called Bitcoin “the best-performing asset in the last decade” which, according to the infographic he published, outperformed Tesla (NASDAQ:TSLA), Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN), along with other tech behemoths, as well as the S&P 500 industrial index and gold.Shytoshi Kusama replied to his tweet that SHIB has already done better than Bitcoin by 66x. “No disrespect, BTC is the GOAT, but I am just saiyan,” he added.In a tweet published later, Kusama said that since the all-time low hit by Shiba Inu in September 2020, it has already shown growth of 33,774,726.7%, outperforming rival top coins: DOGE has grown 202,583%, SOL has increased by 35,715.8% and BNB accelerated by 1,521,482.8%.Shytoshi Kusama responded to that critic, saying, “Top 10 isn’t chump change…Those who are wise give us respect…’Crypto Twitter’ just hasn’t DYOR.” However, today, after a roughly 4% decline, Shiba Inu is out of the top 10 crypto list, holding 12th place, according to CoinMarketCap.This article was originally published on U.Today More

Known as “the Treasury” and “the Troops,” these teams will work together, with BizDev focusing on partnerships and resources, and DevRel providing technical engagement and support for developers. The Eagle JAM initiative is in the process of securing funds from the Polkadot Treasury for a well-rounded U.S. expansion plan. Central to this strategy are “JAM Toasters,” which are specialized hardware that will operate as blockchain validators and collators. These machines will be key parts of Polkadot’s infrastructure in the U.S., tasked with generating staking and validator rewards that will go back into supporting BizDev and DevRel projects. BizDev’s main focus is to lay down a financial foundation and spot crucial opportunities in the U.S. market. This includes building connections with American businesses, Web3 startups, and prominent tech institutions to make Polkadot a top choice for interoperable blockchain solutions. At the same time, the DevRel team will focus on building a strong technical community to support Polkadot’s ecosystem. It also plans to engage U.S.-based developers through developing educational materials, organizing hackathons and workshops, and offering hands-on support. A key component of this initiative is the Core-Time Mercantile strategy, a system developed to buy and sell JAM core-time as needed. This approach allows for dynamic allocation of resources to new chains as demand shifts, optimizing both computational power and costs. The Eagle JAM initiative spans across four quarters, each stage marked by specific milestones. In the first quarter, BizDev will conduct market research, identify key partners, and establish core BizDev and DevRel teams. Quarter two targets developer engagement through events, expanding infrastructure with more JAM Toasters, and providing onboarding kits for U.S. developers. The third quarter will expand enterprise outreach and partnerships, while the final quarter focuses on scalability and optimizing resources to create a self-sustaining infrastructure for Polkadot’s U.S. growth. More

(Reuters) – The cryptocurrency industry has spent years clashing with Democratic President Joe Biden’s administration over regulatory issues, but executives expect an easier ride from Washington, regardless of who wins the White House next week.Crypto asset managers including Bitwise and Canary Capital are planning new products ahead of what many executives expect to be a more crypto-friendly administration, while others including Ripple are planning a fresh push for crypto legislation in the new Congress, said executives and lawyers. “Regardless who wins, there will be a new approach to how we move forward with crypto,” said Rebecca Rettig, chief legal and policy officer at crypto company Polygon Labs.Republican candidate Donald Trump has pledged to be a “crypto president,” and executives also expect Vice President Kamala Harris, the Democratic candidate, to take a softer stance than Biden. Harris has not yet detailed her crypto plans, but executives have been encouraged by her promise to promote digital asset innovation and protect crypto investors. Harris surrogate and billionaire entrepreneur Mark Cuban, a crypto enthusiast, has also criticized a crypto crackdown under Securities and Exchange Commission Chair Gary Gensler, a Biden appointee.”Absolutely it will be friendlier under a Harris admin,” Cuban wrote in an email to Reuters, adding her promise to protect crypto users was “important.” Gensler has insisted that the crypto industry is a risk to investors, pointing to the collapse of FTX and multiple other bankruptcies and scams that triggered calls for tighter regulation. Since bitcoin debuted in 2009, the crypto market has been extremely volatile. Gensler’s SEC has brought dozens of enforcement actions against Coinbase (NASDAQ:COIN), Kraken and others, accusing them of flouting U.S. securities laws meant to inform investors about potential risks. The crypto players have denied the SEC’s allegations. They say cryptocurrencies, which have a global market value of around $2.5 trillion, should be regulated like commodities.Gensler, whose term ends in 2026, has not said his crypto views have changed. While Trump has said he will fire Gensler, Harris has not suggested she would seek to replace him. An SEC spokesperson declined to comment. Trump’s plan to promote bitcoin has won him several big crypto donors, including Gemini founders Cameron and Tyler Winklevoss. At least one industry boss, Ripple chairman Chris Larsen, cut Harris’ super PAC a big check and new Democratic-aligned crypto groups have raised funds for her.Ripple, Coinbase and others have spent more than $119 million backing pro-crypto congressional candidates, according to data from Public Citizen. Among those firms’ goals is advancing legislation that would propel stablecoins, crypto tokens pegged to the U.S. dollar, into the mainstream.”For the crypto industry, this election isn’t about choosing one party over another – this is about supporting candidates who recognize that the U.S. needs to support innovation,” Lauren Belive, Ripple’s head of U.S. policy, said in a statement.Coinbase, which announced an additional $25 million donation to a pro-crypto PAC on Wednesday, did not respond to a request for comment. Influential progressive lawmakers have also pressured Gensler to be tough on crypto, but some Democrats flagged concerns to the Democratic National Committee in July that some voters were alienated by that approach, Reuters previously reported.CRYPTO THAW?Crypto executives believe the SEC under Harris will review or even rescind guidance requiring public companies to account for crypto assets held on behalf of others as liabilities due to their riskiness. That “SAB 121” guidance is a top crypto industry bugbear. Because strict capital rules require banks to hold cash against liabilities, it has kept many lenders on the crypto sidelines. Cryptocurrencies would become more popular if consumers could store them with trusted lenders, executives say.Congress voted on a bipartisan basis in May to overturn SAB 121 but Biden vetoed the resolution. “With recent bipartisan support… I’d expect that regardless of who becomes the next president, SAB 121 is overturned,” said David Mercer (NASDAQ:MERC), CEO of LMAX Group, which operates a crypto exchange. “That should be an accelerant for the whole crypto market.”In August, State Street (NYSE:STT) announced plans to offer crypto custody, expecting the SEC to eventually revise that guidance, Reuters reported. Some executives already see a thaw. Last month, the SEC’s chief accountant said SAB 121 did not apply to some companies, provided they met certain conditions. Shortly after, the agency granted a “no objection” allowing BNY to custody cryptocurrencies held by exchange-traded products without having to account for them as liabilities. Speaking to Bloomberg, Gensler said other banks could replicate the model.”There’s clearly a recognition by both presidential candidates that digital assets can play a positive economic role,” said Sui Chung, CEO of Kraken subsidiary CF Benchmarks, who pointed to the BNY approval as a sign the political climate was shifting. After losing a court challenge, the SEC this year approved bitcoin and ether ETFs. Bitwise and Canary Capital this month filed SEC applications to launch similar products that would track Ripple’s XRP crypto token. “We do think that, whoever wins on Tuesday, crypto markets will be looking at a more favorable regulatory environment in a new administration in the new year,” a spokesperson for Bitwise said. Given the SEC has until mid-2025 to decide on those applications, they are likely a bet on a friendlier SEC, executives said. “These filings are effectively a down payment on that change in political environment,” said Chung. “Canary continues to see encouraging signs of a more progressive regulatory environment,” a spokesperson said in a statement, adding that was spurring investor demand for access to cryptocurrencies beyond bitcoin and ether. More