Cryptocurrencies Archives

DogeBonk Announces the Launch of MemeTools, a New MemeCoin Listing Tool

NEW YORK – (ACN Newswire) – The DogeBonk development team has launched a new platform for listing and finding new MemeCoins, similar to sites like CoinMarketCap and CoinGecko. This new platform focuses solely on smaller, community-driven projects.

In the crypto world of small-cap MemeCoins and micro cap coins, communities spend their early stages of development fighting for exposure with thousands of competitors. MemeTools, the first official utility of the DogeBonk cryptocurrency, offers a MemeCoin launchpad platform for these smaller communities to gain recognition.

The listing site currently delivers real-time data pulled from the blockchain to show price, volume, liquidity, and more. In exchange for listing, the new project must burn $DOBO, which is DogeBonk’s deflationary community token.

The DogeBonk community is an exponentially growing swarm of mostly anonymous growth marketers, designers, and content creators, self-organizing into what is essentially a worldwide marketing/PR agency.

Everyone is welcome and encouraged to be involved. The creativity is off the charts and the rallying cry of: “WE ARE THE MARKETING TEAM” is increasing in volume.

MemeTools allows small-cap coins to tap into this well of spontaneous creativity and distinguish themselves from the crowd.

After launching their memecoin into the stratosphere, beating Elon Musk’s plans to make dogecoin the first memecoin in space, the DogeBonk Team continue to expand their community.

They have created a Telegram channel to provide a “free space” for new crypto communities to come and promote their coins. This provides a “free zone” where people are encouraged to come and share their favorite small-cap gems.

The first MemeTools contest is a meme competition, of course. The first group of projects listed on the site will submit their favorite memes and have the wider memecoin audience vote on the best submission.

Media Contact

DogeBonk Media Team

E: contact@DogeBonk.com

W: https://memetools.app

W: https://dogebonk.com

SOURCE: DogeBonk

Metapunks announces NFT Metaverse Avatars Public Sale

London, UK – (ACN Newswire) – The First 2000 metapunks were sold privately. Now, it is open to the general public.

What is interesting about this project?

Not just JPEGs

Unlike many other collections, Metapunks are full-fledged 3D models. Owners can see their NFTs in a 3D viewer on the website or use AR to integrate Metapunks in the real world. Avatars can be downloaded from the site, animated, and imported into various projects or Metaverses such as Webaverse. Additionally, each avatar has three stylish photos, which can be used, for example, on Twitter. The collection features eleven attributes that guarantee a lot of variety.

Ecosystem Matters

Metapunks is one of the first large NFT collections on Algorand. Despite being a top 20 coin with a 10B$+ market cap, Algorand is still not on the radar of many cryptocurrency investors. The Algorand ecosystem is young and rapidly developing. Original NFT projects on Algorand, such as Al Goanna, made their original owners by making them thousands of percent in average return. Despite being a new project, Metapunks is widely known in the Algorand community. The project was featured twice on the main page of Algorand.com ( https://algorand.com/ ).

Another example is an official collaboration with the Drone Racing League announced on the Decipher, the leading Algorand conference, which brought together around 400 participants in 2021.

The team behind Metapunks published an excellent competitive analysis article about Algorand blockchain. You can read it [here](https://bit.ly/why-algorand).

Lots of Potential

The project has an ambitious roadmap. At the beginning of 2021, they plan to introduce the META token, NFT Staking, NFT Swap, and other DeFi mechanics. But the main milestone in the roadmap is MetaDAO, one of the first DAO projects on Algorand. MetaDAO will invest in other projects Metaverse aligned projects “on Algorand and beyond.” Currently, 10% of sales are going directly to the MetaDAO treasury.

Metapanks sales are available now on their website:

https://app.metapunks.world/

There is more information about the project on the main page:

https://metapunks.world/?utm_source=yahoo

Media Contact
Brand: Metapunks
Contact: Media Team
Email: x@metapunks.world
Website: http://metapunks.world
Twitter: https://twitter.com/MetaPunksOG

SOURCE: Metapunks

What is TRX? Everything You Need to Know about TRON

Welcome to this edition of 101 article exploring one of the staking coins on Moonstake. This time, we’ll be looking at TRON Network and its native coin, Tronix (TRX).

A Brief Introduction to TRX and TRON Network
TRON is a market-leading blockchain well-known for its large and highly active community of users and developers from all over the world, dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain operating systems in the world, adopts an energy efficient dPoS consensus mechanism to provide high throughput, high scalability, and high availability for decentralized applications in the TRON ecosystem through collaboration with key business partners including global tech giant Samsung, Opera, Poloniex, Swisscom Blockchain, and many more. Currently, the TRON-based TRC20 protocol hosts the largest circulation of stablecoin globally with nearly 36 billion USDT. Its native coin Tronix (TRX) can be used by content consumers to pay creators for in-game assets, or use as currency in gaming or to reward creators directly for their entertainment content or to purchase additional access.

TRON network was founded in 2017 by Justin Sun. As one of the most influential KOLs in the blockchain industry, Justin is a serial entrepreneur and served as CEO of the world’s most popular P2P communication protocol, BitTorrent, from 2018 to 2021. He also founded one of China’s most popular voice streaming social Apps, Peiwo. Tron is also one of the fastest growing DeFi ecosystems on the market, boasting more than 56 million global user accounts and over 2 billion cumulative transactions.

TRON’s Technical Milestones and Why Moonstake Supports TRX?

The TRON MainNet was publicly launched in June 2018 achieving independence from the Ethereum blockchain it was originally
In just a little over six months of its MainNet going live, TRON gained over 1 million registered users, boasting more transactions than Ethereum and more accounts than EOS, giving it a place in the list of 10 largest cryptocurrencies of 2018.
TRON’s DApp ecosystem reached more than 80 Dapps in 60 days of the TRON Virtual Machine (TVM) launch.
In March 2019, Tether announced a new TRON-based stablecoin, USDT TRC20.
In October 2019, TRON officially partnered with Samsung to offer its DApps on the Samsung Galaxy Store and the TRON section on the Samsung app store was launched in April 2020.
In May 2020, BitTorrent File System (BTFS) went live, creating the world’s largest P2P storage network with 100 million user-controlled nodes and more than 1,000 TRON full nodes.
In June 2021, Circle’s USDC stablecoin was made available on the TRON network.
In September 2021, TRON joined a short list of leading crypto tokens (namely Bitcoin and Ether) with its successful listing of VanEck TRX ETP (VTRX) on the Deutsche Boerse, providing investor access in 14 EU markets.

Based on these significant milestones, we can see that TRX is a highly promising coin and further more, the Tron Network is a leading open-source blockchain project globally. This makes TRX an attractive and strategic addition to the lineup of PoS coins available on Moonstake, and Moonstake has been supporting TRX staking since October 2021 after forming an official partnership in June 2021.

How does TRX staking and unstaking work?
As with any PoS coin, you can stake your idle TRX assets to earn passive income. Staking with the TRON network is to participate in the network’s operations (validating blocks) by becoming a nominator who chooses the network’s validators.

Every account in TRON’s network can vote for the Super Representatives/Super Partners they support. Voting requires TRON Power (TP), which is determined by the users’ frozen balance. Freezing (staking) TRX tokens results in energy and bandwidth required to interact smoothly with the network as well as the increase in voting power of voting for Super Representatives/Super Partners.

To vote for a Super Representative/Super Partner, you will need to make sure that your TRX is frozen. This will create “Tron Power” and give you power to vote. This does not cost you TRX, it will only lock them for a period of 3 days. During these three days, your TRX cannot be traded or unstaked. Moonstake wallet combines the freeze/unfreeze action along with stake/unstake for your convenience so you do not need to perform the freeze/unfreeze action separately.

There’s virtually no minimum staking amount required, as the smallest amount you must stake is simply 1 TRX. TRON network also has no lock period when unstaking and practically zero transaction fees, making it a popular blockchain for many users.

How to get rewards for TRX staking
The annual reward (APY) is about 5.46%. You can claim your TRX rewards once every 24 hours directly from the TRON network via Moonstake Wallet.

How to stake TRX on Moonstake Wallet
Here’s a simple 3-step process to stake TRX with Moonstake Wallet:
1. Register your Moonstake Wallet via Web or mobile (iOS / Android)
2. Select TRX from the “Wallets” screen and click the “Add Asset” button.
3. Access the TRX screen to check your staking information. From the Staking tab, click the “Stake” button and enter your wallet password to complete staking.

Check out our full official manual on how to use TRX on Moonstake.
(https://drive.google.com/file/d/1I5XL2pG9XY9SrBeyLgE1svhm17SVfUuJ/view)

References:
https://coingape.com/justin-sun-tron-success-2018/
https://hyperblog.de/hoergen/2020/03/01/tron-milestones-in-2019
https://coingape.com/tron-a-year-of-new-milestones-and-achievements/
https://tronspark.com/tron-midyear/

About Moonstake
As a world-leading staking service provider, Moonstake develops and operates decentralized wallet services for enterprises and end users.

Our full-scale staking business started in August 2020. With the support of users all over the world, our total staking assets has risen to 1.8 billion dollars. In June 2021, we ranked third among 15,000 staking providers globally.

So far, we have expanded our business and ecosystem through about 30 strategic partnerships, including major blockchains such as Emurgo which is a constituent organization of Cardano, TRON, and NEO. In May 2021, we became a wholly owned subsidiary of the listed company “OIO Holdings Limited” on the Singapore Stock Exchange and we are working to further expand Moonstake’s business and improve our credibility. https://www.moonstake.io/

SMI signs MOU with The9 for the development of a cryptocurrency cloud-mining platform

The Board of Singapore Myanmar Investco Limited (“SMI”) is pleased to announce that it has entered a comprehensive non-binding memorandum of understanding (“MOU”) yesterday with NASDAQ-listed Internet company The9 Limited, to launch a cryptocurrency cloud mining business.

Focusing initially on three types of cryptocurrencies – Bitcoin (BTC), Filecoin (FIL) and Chia (XCH) – the mining business will be hosted in a range of facilities across Canada, US, Central Asia and the ASEAN region to serve customers. This business is expected to commence in Q4 2021 and will be subject to regulatory approval.

Following the MOU, SMI has also entered into a cooperation and support agreement yesterday, which includes a range of technical support services to be provided by NHASH (Hang Zhou Suan Li Technology Co Ltd), a cryptocurrency cloud mining Software-as-a-Service (“SaaS”) company, for an initial five year term, and with an option to extend for another five years, subject to mutual agreement.

This agreement also presents SMI with the option to purchase up to 4,000 crypto mining machines, including models such as the Antminer S19j, and the Whatsminer M31S+, for a consideration to be further agreed on by both parties. Any payment through shares will be subject to the approval of SMI’s shareholders at an extraordinary general meeting to be convened in the later part of the year.

SMI, The9 and NHASH are committed to best practices in reducing the environmental impact of cryptocurrency cloud mining operations.

“SMI is delighted to embark on this initial range of mining products and services, making it easier for customers in our region to participate in cryptocurrency mining. We will continue to work with The9 and other partners to bring a range of other leading digital products and services to market, as we pivot SMI away from its traditional businesses,” said Mark Bedingham, President and CEO of SMI.

This latest move follows SMI’s entering into a subscription agreement with The9 for new shares in SMI, as announced by SMI on 21 June 2021.

About Singapore Myanmar Investco

Singapore Myanmar Investco Limited (“SMI”) is an investment and management company focused on the high-growth emerging economy of Myanmar. SMI adopts a diversified business model to capitalize on the strong trends in consumer spending, international tourism and infrastructure investment.

On June 30 2021, SMI announced its intention to pivot the company in a new direction encompassing cryptocurrency, SaaS and other high technology platforms subject to approval of SGX-ST, and SMI’s shareholders at a general meeting to be convened in the later part of the year (“EGM”), for a diversification of SMI’s core business. SMI is also looking to work with other partners in the areas of gaming, digital entertainment and robotics.

Listed on the Main Board of the Singapore Stock Exchange, SMI has a highly capable and experienced management team with proven track record in finance, business development and emerging markets.

For media queries, please reach out to:
Ashley Tan
Financial PR
E: ashley@financialpr.com.sg
T: (+65) 6438-2990

Coinfluence Announces ICO to Empower the Next Generation of Influencer Marketing

The crypto industry has a unique marketing environment – being a cutting-edge industry, traditional (even digital-traditional) marketing strategies have proven to be ineffective at capturing the attention and interest of today’s crypto consumers. Heavy users of social media, the younger crowd relies more on word of mouth than ads or news. According to recent research, the influencer market will reach nearly $14 billion this year, and it is no wonder that this shift in paradigm will be felt in the crypto sphere.

Take the example of Elon’s Musk’s infamous support for Dogecoin. The latest tweet recovered the 10% drop it witnessed a day earlier. One tweet can be the difference between the life and death of the next breakthrough in the digital asset space. Such is the power of influencers in crypto.

Coinfluence: The Crypto Influencer Platform of the Future

Coinfluence solves the crypto influencer marketing problem by connecting upcoming projects with a wealth of high-level influencers. The outcome is an environment where projects get access to high-quality social media influencers that can attract the right crowd and increase the chances of a successful launch while the influencers get to be a part of the next breakthrough in crypto, creating fantastic win-win situations. And of course, a good project doesn’t necessarily translate into a successful one if it remains under the radar. Access to a wide range of influencers means that it will get the right exposure, putting it on the map where it truly belongs.

Coinfluence achieves this with a tight-knit set of strategies. First, any project that wishes to be listed must go through a stringent quality check that is based on a multitude of factors, allowing only thoroughly vetted projects to be listed. This creates a cleaner and better option for investors, whilst protecting the market from scams, rug pulls, and bad actors.

At the centre of this whole ecosystem is the CFLU token, designed to assist projects and influencers to achieve mutually beneficial outcomes. Approved projects get to hold their token sales through the launchpad, where the community can acquire their tokens using CFLU. Each transaction gets taxed, with the amount being distributed for liquidity, staking rewards and marketing. At the same time, the deflationary token model should push the CFLU price upwards.

CFLU Token Sale Event

Driving the economics behind Confluence’s ecosystem is the Binance Smart Chain-based BEP-20 compliant CFLU token. Based on the principles of deflation, there are a total of 1 billion CFLU, of which 650 million are already available in the currently ongoing token sale. The event is phase-based, with each of the 100 successful phases making the CFLU progressively more expensive (currently phase 1 has a price of 0.0056 USD per 1 CFLU).

Out of the 650 million CFLU, 100 million have been set aside for financing the platform developers. To give confidence to projects, influencers and users of CFLU, a vesting schedule will allow the team access to 20% of the funds, with the rest being released periodically. This ensures that rugpulls are guaranteed against.

An innovative tax system is also a unique approach, by which 10% of all transactions are deducted, with 4% going to the liquidity pools, 4% to token holders and 2% for marketing and expansion. Along with this, every 10th transaction in the first 1000 transactions will receive 5000 bonus tokens as a reward. Visit the Coinfluence ICO platform to get your CFLU tokens today.

The Present and the Future

The Coinfluence concept materialized at the start of 2021. Alongside this, the Coinfluence team has achieved onboarding a large number of influencers and it has set a target of 100,000 top influencers under its Enrolment Program. Coinfluence is also building towards global collaborations and getting CFLU listed on major exchanges, to provide increased liquidity and access for the everyday user to the CFLU ecosystem. Confluence is also looking to list CFLU on major coin monitoring platforms such as CoinMarketCap and CoinGecko, plus portfolio tracker Blockfolio, to raise awareness and increase information transparency.

Further down the road, Coinfluence will be launching its mobile app for access on the go. Confluence will be also roll out their own launchpad, giving projects a one-stop solution to top influencers and the many intricacies involved in project setup and launch, all at the same time. Finally, Coinfluence will create its own news platform, the Coinfluence News Network to inform its users and the public on the latest happenings in the industry.

Visit the Coinfluence ICO platform to get your CFLU tokens today. https://buy.coinfluence.org/

Connect via Twitter: https://twitter.com/TheCoinfluence
Join the official Telegram group: https://t.me/coinfluence
Follow on Instagram: https://www.instagram.com/thecoinfluence/
Catch Coinfluence on Reddit: https://www.reddit.com/user/theCoinfluence

Media Contact
Contact Email: Harshita@coinfluence.org

Market Selloff Presents Good Opportunity to Accumulate ETH While It is Undervalued Says PrimeXBT Analyst Kim Chua

News flows the past week has centred around BTC’s big flash dip and about how long-term investors are taking the chance to accumulate more BTC. However, no one seems to be talking about the second largest coin, ETH. Is ETH a good buy at these levels?

The rise in DeFi is the single largest contributor towards the demand for ETH in this bull run as ETH is used both as a collateral as well as a fuel to use the ETH blockchain for yield-farming. While other developments like NFTs also contribute to the popularity of ETH, by and large, 90% of the demand for ETH has been for DeFi usage so far. Thus, to study if ETH is a worthwhile investment now, our focus should still be on DeFi, specifically, the trend about DeFi going forward.

ETH, while being the undisputed leader in DeFi, has seen some competition from other blockchains like Binance Smart Chain (BSC) and Polygon (MATIC). Part of the argument against ETH in DeFi use has been its high gas fee and slow speed, which has caused both yield-farmers and protocols to migrate to other cheaper blockchains like BSC and Polygon (MATIC). This resulted in some value from the ETH blockchain moving to other blockchains.
However, as the market started to turn downwards in May, exploits on DeFi projects were getting one too many with projects on other blockchains, while none were observed with those on ETH. BSC, the largest contender, saw the community of its top protocols, Venus (XVS) and Bunny (BUNNY), lose billions of staked funds due to exploits. This trend soon started happening to projects on MATIC as well, with the fastest and largest ever rug-pull (developer running away with yield-farmers’ money) happening to Iron Finance, a project that even sophisticated investor Mark Cuban was openly bullish about. Iron Finance totally collapsed, wiping out billions of investor funds. It is appearing that the very reasons why these projects were successful became the very reason of their failure to take-off. Being cheap and fast allows bad actors to take advantage because it costs a scammer close to nothing to create a new protocol and they are able to get funds out of the protocol before being detected because the blockchain is fast. Perhaps ETH’s higher gas fee and slower speed may be the very reason why exploits there are rare. Because it is more expensive to interact with ETH, projects and users there tend to think more long-term and could be less “degenerate”.

The problems surrounding DeFi exploits caused a market-wide exodus of funds in DeFi projects on both BSC and MATIC in the past two months. The USD Total Value Locked (TVL) in BSC fell from a peak of $30 billion to a low of $10 billion, a loss of 67%, while the BNB token saw a loss in value of 69%. TVL on MATIC fell from a high of $11 billion to $4.3 billion, a 63% loss, while the MATIC token lost 65% at its lowest point during the selloff. Both projects have seen TVL rise back, with BSC clocking around $13 billion and MATIC $5 billion currently. To give a better perspective, lets quote in percentage terms. The TVL for BSC is still 60% lower, while the BNB token price has recovered to $290, a 60% loss from its ATH. As for MATIC, the token price is now around $1.10, which is 55% off from its peak, also a rather good reflection of its 55% TVL loss.

Contrast this with ETH, which saw its price fall 61% from a high of $4,373 to a low of $1,700, when the TVL on protocols run on ETH only fell 42%. At its peak, ETH projects took in an aggregate $117 billion, while they dropped to $67 billion at the lowest point in May, a fall of 42%. However, the price of ETH was hammered down by 61% during that time, falling 20% more than the drop in TVL.

Even though ETH price has recovered from its low, it is still 55% lower than its high, while its TVL has recovered to around $77 billion, around 35% lower than its peak, with the 20% discrepancy is still manifesting. This reveals that unlike the other two competitors, the fall in ETH price is more drastic in proportion to its fall in TVL, which could suggest that the selling in ETH is overdone. ETH, a leader in the smart contract blockchain place, which ought to give it a price premium, is now seemingly trading at a disproportionate price discount to TVL as compared with its peers. This could thus mean that either ETH is undervalued, or that the other two blockchains are overvalued.

To ascertain if the few DeFi-blockchains are likely overvalued or undervalued, let us examine the DeFi adoption in the past year. DeFi adoption has been taking off in a gradual way since the early part of 2021, as can be seen in the below chart. The month-on-month growth of DeFi users had been consistent, with 292,000 new users registered every month since Jan 2021. In June, despite the market fallout, the number of new DeFi users did not drop, in fact that number actually went up to 300,000. This suggests that growth in DeFi adoption has not only not receded, but it actually picked up pace, which shows an aggressive growth trajectory. Valuation in an industry which is growing aggressively should have a premium, which means they ought to command premium valuation. Hence, this in no way suggests that a lower valuation estimate should be warranted for blockchains doing DeFi. In this regard, ETH is not overvalued. ETH is in fact, rather undervalued, since ETH is now also on track with some major upgrades as imminent as July.

The massive fall in ETH then could be due to greedy investors taking on high leverage positions during the hype of the impending upgrade, only to suffer from huge liquidations when the market turned, which started a spiralling effect as margin liquidations sent prices lower which then resulted in more margin liquidations on other investors which started a cascade of price fall. With price settling into consolidation after the bulk of the liquidation done, investors looking for value may do well accumulating ETH when its price is still currently undervalued.

The key risk event for ETH of course could be the failure of ETH2.0. However, with ETH founder, Vitalik Buterin, already having issued a pre-emptive warning to not expect a smooth transition until year 2022, investors have been mentally prepared and reaction towards any implementation delay will not be drastic.

It thus seems that there is more room for upside surprise should the key upgrade manage to yield better-than-expected results in fee reduction as well as in reducing the supply of ETH in the market. ETH looks to me a good buy at current level of around $2,000.

About Kim Chua, PrimeXBT Market Analyst:

Kim Chua is an institutional trading specialist with a track record of success that extends across leading banks including Deutsche Bank, China Merchants Bank, and more. Chua later launched a hedge fund that consistently achieved triple-digit returns for seven years. Chua is also an educator at heart who developed her own proprietary trading curriculum to pass her knowledge down to a new generation of analysts. Kim Chua actively follows both traditional and cryptocurrency markets closely and is eager to find future investment and trading opportunities as the two vastly different asset classes begin to converge.

Online Brokerage Tiger Brokers Adopts Alibaba Cloud Technologies to Provide Superior Trading Experience to Its Online Investors

Xiaomi-backed online brokerage Tiger Brokers today announced their technology collaboration with Alibaba Cloud, the digital technology and intellectual backbone of Alibaba Group. Alibaba Cloud provides Tiger Brokers with end-to-end technology support to its trading platform, Tiger Trade, to meet the secure and low latency trading demands of its investors on the platform.

Tiger Brokers has been seeing a consistent increase in the number of investors onboarding the trading platform. Alibaba Cloud solution will help to ensure the speed of data flow on the app is not compromised. Its Big Data analytics will also provide relevant insights into Tiger Brokers’ investors trading behavior, allowing them the chance to offer better service offerings and trading opportunities to meet the demands of their investors.

Kelvin Liu, Vice President, Engineering of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, shared, “At Tiger Brokers, we are all about bringing the superior user experience to our investors, from customer service, trading experience to up-to-date market insights. With Alibaba Cloud’s service, we will be able to provide high performance and low latency trading experience on the platform, as well as foresight into our business planning and expansion within the region.”

“With Alibaba Cloud’s robust presence across the Asia Pacific region, Tiger Brokers will be able to scale up our online platform across markets with ease when the opportunity arises,” added Kelvin.

UP Fintech’s first-quarter earnings showed positive momentum with total revenues at US$81.3 million, a 255.5% increase from the first quarter of 2020. Total trading volume also surged past US$123.8 billion dollars, nearly triple the same period in 2020. The total number of customers with deposits increased by 180.4% year-over-year to 376.0K. Tiger Brokers will continue to enhance the functionality of its platform, augmenting its comprehensive capability to serve corporate clients, as well as the execution of its global expansion strategy.

“Alibaba Cloud is committed to bringing the best technology solutions to the financial industry and support Tiger Brokers’ digitalization journey,” said Dr Derek Wang, Singapore General Manager, Alibaba Cloud Intelligence. “We are confident that together with Tiger Brokers, we can bring better user experiences to the platform’s investors, helping them to gain a stronger foothold in the competitive trading industry.”

The technology collaboration with Alibaba Cloud is Tiger Brokers’ latest effort when it comes to strengthening their online platform, allowing investors to gain better access to best-in-class and up-to-date financial information for a seamless trading experience.

Eng Thiam Choon, CEO of Tiger Brokers Singapore also commented, “Singapore is known as the fintech hub of Asia and a mobile-savvy nation. Today, online trading has become part of the lifestyle of many people as we see 30% of Singapore investors being Gen Zs, also known as the internet generation. We hope to be the go-to trading platform for our investors to make the best, objective trading decisions when it comes to online investing – be it whether they are seasoned or new investors.”

Tiger Trade officially launched in Singapore in February 2020, offering retail investors trading opportunities such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), US-listed over the counter (OTC) equities and Fund Mall. Investors also have the opportunity to trade on six different exchanges – New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

The Tiger Trade mobile application is available for download on Apple App store and Google Play store.
– Apple App store
– Google Play store

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), US-listed over the counter (OTC) equities and Fund Mall on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on the US, China, Hong Kong, Singapore and Australian stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1.4 million customers worldwide currently, with a total trading volume exceeding USD123.8 billion in Q1 2021. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit our website.

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile-first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearing houses. For more information on the Company, please visit our website.

For media inquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
E: Tiger@preciouscomms.com

This article has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

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Opimas estimates that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping

Safekeeping of cryptocurrencies presents a challenge for institutions holding cryptocurrencies on their clients’ behalf. Cryptocurrency transactions are irreversible and anyone with full access to a wallet’s private key controls the cryptocurrencies that reside within it. Frighteningly, a number of institutional participants and even some large cryptocurrency exchanges rely on subpar custody approaches, leading Opimas to estimate that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping.

Figure 1: Custody Methods Utilized by Institutional Investors

Figure 2: A Comparison of HSM and MPC Technology Providers

Figure 3: The Market for Crypto Custody & Prime Brokerage Services Is Growing

Figure 4: Institutional Cryptocurrency Holdings Over Time

Luckily, a number of companies have emerged to address this problem. A new research report from Opimas–Crypto Custody: No More Excuses (http://www.opimas.com/research/653/detail/), authored by analysts Suzannah Balluffi and Anne-Laure Foubert–looks at the landscape of cryptocurrency custody-enabling technology providers and institutional-grade cryptocurrency custodians as well as the size of the market for cryptocurrency custody and brokerage services.

Some key findings in the report include:

Many of even the largest holders of Bitcoin and other digital assets continue to rely on storage devices meant for individual investors. Although some of these self-custody devices and wallets are secure and reputable, the operational risk posed by this approach is significant for institutional investors. Furthermore, a chunk of institutionals’ cryptocurrency holdings sit in hot wallets on exchanges. In total, about 22% of institutional cryptocurrency holdings are safeguarded in these relatively risky manners (Figure 1).

There are no more excuses for lackadaisical safekeeping – institutions can now choose from several reputable cryptocurrency custody-enabling technology providers and institutional-grade cryptocurrency custodians. Yet no custody solution is equal – there is still no best practice when it comes to security and governance relating to private keys. For example, some providers may rely on time-tested Hardware Security Modules (HSMs), while others use a newer technology known as Multi-Party Computation (MPC) – see Figure 2.

Some cryptocurrency custodians have followed in the footsteps of traditional capital markets by adding prime brokerage services to their offerings, including trading and settlement, lending, margin finance, staking, reporting, and capital introduction services. Opimas estimates that the current annual revenues generated by the institutional crypto brokerage and custody market are roughly US$2 billion and will grow to nearly US$8 billion by 2026 – a sizeable portion of this coming from brokerage services (Figure 3).

Regulations surrounding institutions’ ability to store cryptocurrency have become clearer (and in some cases more favorable) in numerous jurisdictions. Notably, the Office of the Comptroller of the Currency (OCC) ruling in the US has allowed banks to store cryptocurrencies for their customers. This regulatory clarity has led a number of financial institutions around the world to provide trading and custody for digital assets. With the advances in brokerage and custody solutions, Opimas expects institutional cryptocurrency holdings to grow from 20% of the cryptocurrency market cap to over 50% by 2026 (Figure 4).

Source: PlatoData Intelligence (bit.ly/3xXPK0r)

Moonstake Wallet Now Supports Staking of ORBS

Today, staking of Orbs’s native token, ORBS, is officially available on Moonstake‘s Web Wallet. ORBS fuel all activities on the Orbs blockchain including smart contracts, transaction fees, and consensus-based storage is currently ranked #5 in the Top 10 trending crypto coins by CryptoCrunchApp. Additionally, Moonstake is now officially a Guardian for Orbs Universe to help facilitate network security.

Now Moonstake’s wallet users can hold, send, receive, and stake their ORBS to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality and Orbs became the 11th available staking coin on Moonstake Wallet.

Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets has grown rapidly to reach $900 Million, allowing Moonstake to become one of the top 10 staking providers globally.

Moonstake and ORBS entered into a strategic partnership in March, 2021. Through this partnership, Moonstake actively developed support for the staking of ORBS, Orbs’ official token, on Moonstake Wallet, as well as participating further in the Orbs blockchain ecosystem. The two parties will also host community building programs, research, training, events, and conferences with the goal to increase awareness and adoption of Blockchain and Distributed Ledger Technology in the Banking and Finance Industry. Moonstake and Orbs will discuss further potential provision of consulting services to financial institutions in the regions of Southeast Asia and Middle East.

How to stake ORBS on Moonstake Wallet

Here’s a simple 3-step process to stake ORBS with Moonstake Wallet:
1. Register your Moonstake Web wallet (https://wallet.moonstake.io)
2. From the wallet screen, select ORBS and click the “Stake Now” button.
3. Confirm the staking information, then click the “Staking” button and enter your wallet password.

How ORBS Staking Works:
– Hold ORBS Token and no minimum amount for staking.
– Agree to lock in and stake ORBS.

What is Guardians Role:
Guardians play a central role in the Orbs PoS model – they are expected to be key participants within the Orbs Universe, who enforce the security of the network, align with the long term Orbs vision and actively work to make this vision a reality. A core role of the Guardians is to review the Validators, monitor their operations and ensure proper network operation and security by approving Validators that follow the protocol correctly.

How to get Rewards of ORBS staking:
Token holders that delegate to an active Guardian are rewarded in proportion to their stake. Annual reward is up to 8% of the Delegators staked tokens (subject to an 80M Orbs Token cap on total rewards).

* Delegators are ORBS token holders who assign their voting weight (stake) to Guardians, empowering them to maintain security and uphold the long term vision of the ecosystem.

How ORBS unstaking works:
If token holders want to send an asset that is currently staked, they will need to unstake it first. The unstaking of tokens will take a full 14 days before they become available, therefore you will not be able to send the tokens immediately. The period during which the tokens cannot be transferred is called the “lock period”.
Moonstake looks forward to deeper cooperation with Orbs to increase our market presence in the key regions of Japan, Southeast Asia, and the Middle East, as well as bring the diverse ecosystem of staking coins to user communities worldwide.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Catalist-Listed company. Industry’s reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 900 Million. https://www.moonstake.io/

About Orbs

Orbs is a free, open-source, public blockchain infrastructure designed for mass usage applications, providing enterprise-grade scale, security and support. Orbs blockchain network expands the offerings of public blockchains by supporting permissioned applications developed by existing for-profit businesses, while also supporting purely decentralized apps and being a prime platform for launching decentralized finance applications. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, London, UK, Singapore, and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018. https://www.orbs.com/

Media Publishares and VIDY announce partnership to develop NFT platform for fashion, arts and music community

Media Publishares, publishers of Vogue, Esquire, Robb Report and Buro in Singapore, announce a partnership with VIDY to launch and develop an NFT platform catering to the fashion, arts and music industry.

Founded by Singaporean tech-preneur Matthew Lim and Harvard University alumni Patrick Colangelo, VIDY is a blockchain-powered digital advertising tool that rewards viewers with native cryptocurrency, VIDYCOIN. Having implemented VIDY’s technology across Media Publishares’ titles, the partnership between the two companies grew organically given their shared ‘digital first’ approach and innovative thinking.

The NFT platform – slated to launch in Q3 of 2021 – celebrates arts and culture within a 360-degree navigable virtual environment showcasing digital fashion, art, music and design. Key features of the platform include minting, trading and auctioning of NFTs through a tokenised system along with the ability to host social interaction.

Focused on building virtual creativity as a skill set while promoting sustainable consumption, the platform will donate a percentage of NFT sales towards organisations tackling real-world problems to ensure a positive connection between the virtual and physical worlds.

“The NFT market grew over 229% since 2020 to reach over USD500 million. However, it’s still in early stages and has a long way to go with regards to infrastructure development. With the metaverse and rise of digital models, people will be able to live in a parallel virtual world where they can own a digital identity and purchase items not just in a digital file, but as any unique asset in their virtual land, similar to their physical world,” says Lim.

“For this new NFT platform, VIDY will lead the technology and blockchain development given our unique experience in dealing with traditional businesses and crypto. We are confident we will create the finest platform that will boost the NFT world by allowing seamless participation from the traditional fashion, art and music communities.”

The NFT platform will target a digitally savvy audience looking for luxury items with low environmental impact while also engaging creators exploring a virtual identity for their designs and new revenue streams for their craft.

“Media Publishares has always been ahead of the curve with its innovative approach to storytelling as lead by our anchor titles Vogue, Esquire, Robb Report and Buro Singapore”, says Michael von Schlippe, President of Media Publishares.

“What we see is a new creative renaissance where creativity and technology are driving change together. By creating an NFT platform, which essentially acts as a virtual marketplace between creatives and users, it allows us to provide a unique shoppable platform coupled with content for the community in the form of education, interaction and entertainment,” adds von Schlippe.

Titles under Media Publishares have gained global recognition for their approach to content creation. Notable projects include Esquire Singapore’s ‘Artificial Intelligence Issue’ that won Gold at the Native Advertising Awards in Berlin and Vogue Singapore’s digital-only launch in August 2020 with a 360-degree microsite ‘Vogue Studio’, amongst others.

About VIDY

Established in 2016, VIDY was a San Francisco based video web tech start-up company founded by Harvard Undergrad Patrick Colangelo and former Credit Suisse Investment Banker Matthew Lim. In 2018, VIDY started to incorporate blockchain technology into its product to allow a decentralized reward economy to exist seamlessly across its publishing partners. Today, Vidy’s technology is used by over 70 global media publishers such as the likes of CNN Indonesia, CNBC Indonesia, Vogue Singapore, Esquire Singapore among many others, with over 10bn of monthly page views of inventory, and a user exposure of over 150mn monthly. VIDY has two native cryptocurrency tokens; VIDY and VIDYX, both of which are integral to the Vidy Rewarding, E-Commerce and NFT Ecosystem. For more information on VIDY, please visit www.vidy.com.

About Media Publishares

Media Publishares is a dynamic media company that specialises in impactful storytelling characterised by creativity, captivating visuals and the engagement of innovative technology. Headquartered in Singapore, Media Publishares, previously Indochine Media, has over 10 year’s experience in digital communication, luxury print publishing, and events across Southeast Asia. A full-service publisher with over 80 employees in the region – from editorial and events to video and design production – Media Publishares operates in Singapore, Malaysia, Vietnam, Thailand and Philippines and is continuously expanding its portfolio to further strengthen its presence in the publishing industry. Anchor brands currently include Buro, Esquire, Robb Report, Luxury Guide and Vogue Singapore. For more information on Media Publishares, please visit www.mediapublishares.com.sg

Media contacts:

VIDY, Singapore
Matthew Lim
matthew@vidyasia.com
+65 9238 0988

Media Publishares, Singapore
Natasha Damodaran
n.damodaran@imv.com.sg
+65 8322 8851