Mitrade, the Melbourne-based Forex and OTC derivatives online trading broker, has received four exalted Forex awards by the International Business Magazine at International Business Awards 2022 (Asia).
Mitrade was named the Best Forex Trading Platform Australia 2022, the Most Transparent Forex Broker Global 2022, the Best Forex Educational Resources Global 2022, and the Most Trusted Forex Broker Asia 2022.
International Business Magazine recognizes better risk management, rapid growth, cross-platform compatibility, and transparency in the execution of transactions along with other elements of the ecosystem of Forex trading. International Business Magazine champions best performing Forex brands on the regional and global levels.
They reward performers for pioneering technology, super-responsive customer support, market research tools, tiered approach to trading education, and a user-friendly interface.
This award is a yardstick of success for Mitrade as award winners are nominated and selected by a team of unbiased, dynamic, and well-trained field experts. The award process is supervised by expert panelists who are experts in key subject matters, judging panelists who make up the research team, and an editor. The team carries out in-depth analysis and declares as winners the best performers among Forex trading service providers.
“We feel privileged and profoundly humbled upon receiving these awards for providing devoted trading services to our worldwide customers. These prizes reflect our commitment to consistently innovate and upgrade our trading platform. In this moment of elation and pride, we extend our gratitude to our customers who embraced our self-developed trading platform and valued our technology. We strive to supply an intuitive trading platform to traders in Australia and around the world. This achievement encouraged our team to further improve our services for our users and be an inspiring leader in Forex trading,” said a representative of Mitrade.
Mitrade witnessed brisk growth since it went through the restructuring process in 2019. Key reasons behind its massive and generous acceptance by the global trading community are low threshold trading, extensive market research tools, and a straightforward trading platform.
Mitrade has a user-friendly app for Android and iOS users, and an innovative WebTrader, which respond to users to different platforms. Mitrade has also broadened its platform offerings to 400 products including commodities such as gold, Forex, US shares like Tesla, crypto currencies, and indices.
The founders of Mitrade are experts in technology and finance veterans. Their iron will to achieve excellence and innovation has made possible for Mitrade to win illustrious awards and the trust of the global trading community. The founding team has first-hand intelligence of the specific needs of swing traders and savvy investors. Keeping this in consideration, the founders came up with inventive solutions to streamline trading procedures. On top of this, the founding team has maintained a customer-first strategy.
Mitrade lowers the cost of trading by offering zero commissions. It provides educational programs that suit beginner, intermediate, and advanced level traders. Mitrade furnishes its mobile and web apps with live support. The self-developed platform administers dynamic charting and real-time email and SMS push notifications as well. On top of this, Mitrade regularly updates its systems to ensure that users enjoy an excellent trading experience.
Mitrade’s mobile app has hit 1 million downloads on Google Play. The company also has amassed 1,100,000 active users in less than two years. Its transparent transaction execution and user-friendly interfaces have been the key factors in attracting new users from around the world.
For continuous innovation and service delivery, Mitrade has won the Most Innovative Forex financial technology Broker 2021 award by Global Brands Magazine. Mitrade has also won the Best Forex Broker Asia 2021 award by FxDailyInfo. Mitrade has a decorated collection of awards to its credit. View the collection at https://www.mitrade.com/about-us/awards.
For media inquiry, please contact Ms Belle Toh at belle.toh@mitrade.com.
Mitrade’s OTC derivatives trading carry high leverage and may lead to the loss of your whole capital.
About Mitrade
Mitrade is an innovative financial technology group and a leading service provider of Forex trading, crypto currency trading, and CFD trading. The company’s functions are strictly regulated by the Mauritius Financial Services Commission (FSC), Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). Mitrade has set up its offices across all continents, and it caters to investors and traders across the world. Mitrade is firmly and conscientiously pursuing its mission to bring innovation and simplification in trading, and to ensure transparent transactions. Explore Mitrade at https://www.mitrade.com.
Media contact
Belle Toh, Mitrade Holding Ltd
Email: belle.toh@mitrade.com
Website: https://www.mitrade.com/
Category: Exchanges & Software
Singapore-Headquartered Cake DeFi Launches US$100 Million Venture Capital Arm
Looks to Invest in Global Web3, Gaming and Fintech Startups
- Cake DeFi has launched Cake DeFi Ventures, its US$100 million venture arm committed to accelerating growth of tech firms, with a focus on investing in Web3, gaming and fintech startups.
- Cake DeFi Ventures has earmarked US$100 million for investments over the next two years.
- Deploys first investment in US-based media startup, The Edge Of Company, Inc.
Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible for everyone, has launched Cake DeFi Ventures (CDV), its venture capital arm with US$100 million in earmarked capital.
Cake DeFi Ventures (CDV) is looking to invest in technology startups in Web3, gaming and fintech – especially those in the metaverse, NFT, blockchain and esports industries – that will bring synergistic value to Cake DeFi’s core business. Based in Singapore, CDV will look for global investment opportunities in startups around the world.
CDV is led by Cake DeFi’s Co-founders Dr Julian Hosp (Chief Executive Officer) and U-Zyn Chua (Chief Technology Officer) along with newly appointed Investment Partner Nicholas Khoo:
- Dr Julian Hosp is a seasoned blockchain entrepreneur, widely regarded as a leading influencer in the crypto and blockchain space. His vision is to bring blockchain awareness and understanding to a billion people by 2025.
- U-Zyn Chua, a blockchain engineer, enthusiast and investor for over a decade, was a Smart Nation Fellow on blockchain for the Singapore government. He was also the Lead Architect for the world’s first Central Bank Digital Currency (CDBC) – the Sand Dollar in the Bahamas.
- Nicholas Khoo brings over 20 years in the tech sector with diversified experience in startups and multinationals such as Visa. For more than ten years, Nicholas has invested in a number of successful and fast-growing tech startups and has also served on the investment committees of investors such as the Global Fund.
Portfolio companies of CDV will receive strong support from Cake DeFi’s global and experienced leadership team, and the opportunity to access Cake DeFi’s connections, resources and expertise within the global blockchain industry.
“By launching Cake DeFi Ventures, we want to bring cryptocurrency and blockchain capabilities to the world. Cake DeFi is one of Southeast Asia’s fastest-growing fintech platforms. The projects that we invest in can expect to receive strong support scaling globally,” said Dr. Julian Hosp, Co-founder and CEO of Cake DeFi.
Deploys First Strategic Investment into US-Based ‘The Edge Of Company, Inc.’
At the time of CDV’s launch, the firm was in early to late-stage discussions with a number of global startups, including those in Southeast Asia, the U.S. and Europe. For its first strategic investment, Cake DeFi has selected tech, media and events startup, The Edge Of Company, which has been building the community and ecosystem for the NFT and Web3 space.
“The entire team at The Edge Of Company is honored to have Cake DeFi Ventures as part of the Edge family. Their know-how, relationships, and strategic insights will help propel this Web3 rocketship to new heights across our platform of tech, media, and events,” said Jeff Kelley, Co-Founder, The Edge Of Company, Inc.
“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability, investing in companies that bring synergies to Cake DeFi’s core business will allow us to enhance and broaden our Web3 offerings,” said U-Zyn Chua, Co-founder and CTO of Cake DeFi.
To apply for funding from CDV, please email contact@cakedefi.vc with the project details. CDV will be in touch with shortlisted projects. Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships may also reach out for further discussion.
ABOUT CAKE DEFI
Cake DeFi is a fully transparent, highly innovative and regulated fintech platform dedicated to providing access to decentralised financial services and applications by enabling users to generate returns from their crypto and digital assets. It is operated and registered in Singapore and is fully compliant with all regulatory requirements of the Monetary Authority of Singapore (MAS).
By enabling and empowering its users to harness the potential of decentralised finance (DeFi), Cake DeFi aims to educate and inform people around the world on crypto and DeFi in a simple, easy to understand and hassle-free manner.
In 2021, Cake DeFi saw a tenfold growth in its registered customer base, with over US$1bn customer assets. In the same year, Cake DeFi’s customers received over US$230 million in rewards.
ABOUT THE EDGE OF COMPANY, INC.
A media, events, and tech venture, The Edge of Company launched in 2021 with the Edge of NFT Podcast and has since created the NFT LA conference. NFT LA hosted March 28-31, 2022 will be the largest NFT & Web3 gathering in Southern California, and at over 100 episodes the podcast continues to feature “the top 1% in NFTs today and what will stand the test of time.” Believers in economic structures that value the attention of every participant, the company leverages its three founders’ experiences in various domains including blockchain, fashion, real estate, music, neuroscience, foodtech and high-growth startups to catalyze co-creation in the Web3 and NFT space.
For Media Enquiries, Please Contact:
cakedefi@preciouscomms.com
ServiceNow Customers Empowered to Drive Better Risk-Informed Decisions across the Enterprise with the Latest Release of CadencyDirect
- CadencyDirect Extends Digital Workflows for the Office of the CFO with Journal Entry Automation Further Strengthening Companies’ Digital Transformation, IRM, GRC and ESG Initiatives
Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with journal entry automation. This provides key stakeholders across the business with visibility and transparency into historically siloed disciplines to create a more connected organization that opens the door to enterprise-wide digital transformation.
“With this release, we are helping to make work flow more seamlessly for CFOs and their financial teams by helping them achieve enhanced visibility and control of critical financial data in order to handle risk with confidence,” said Michael Ross, Chief Product Officer of Trintech. “By supporting a fully configurable end-to-end workflow, CadencyDirect eliminates common challenges found in manual approaches when creating financial data by delivering real-time visibility, control and validation across the financial close process and a better employee experience.”
A key capability delivered with this release includes the ability for critical journal entry tasks and issues to trigger notifications and workflows throughout the entire enterprise, regardless of function, within the Now Platform(R). Examples include:
- Topside Journal Visibility: A real-time trigger will generate a workflow task and tracked notifications for specific Disclosure & Reporting team members
- High-Risk Journal Posting Visibility: A real-time trigger will generate a workflow task and tracked notifications for specific senior finance leadership that a high-risk journal has posted
- Internal Audit Journal Entry Rejection Visibility: A real-time trigger will generate a workflow task and tracked notifications for journal rejections while also mapping to controls framework, such as Sarbanes-Oxley, managed within SerivceNow GRC to ensure real-time visibility to compromised controls
CadencyDirect is certified as part of the ServiceNow Built on Now(TM) program that complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – helping to reduce complexity and risk, accelerating the overall process, and driving a greater experience for the entire enterprise. The platform combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance and provides a connected, collaborative ecosystem by leveraging a mature and very robust set of financial controls, along with deep automation and integration capabilities that seamlessly connects with leading ERPs such as SAP(R), Oracle(R), and NetSuite(R).
Whether you’re an experienced ServiceNow user looking to synchronize your mature or in-progress digital transformation, or just starting your transformation journey, CadencyDirect is where Financial Transformation meets Digital Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.
About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.
Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.
ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.
Media Contact:
Kelli Shoevlin
214-957-5009
kelli.shoevlin@trintech.com
SOURCE: Trintech, Inc.
Online Brokerage Tiger Brokers Kicks off Green Sustainability Efforts Through WWF-SINGAPORE Partnership
Tiger Brokers (Singapore) Pte. Ltd. (Tiger Brokers Singapore) today announced a partnership with World Wide Fund for Nature Singapore (WWF-Singapore) to promote green sustainability efforts in Singapore. Tiger Brokers, as the lead sponsor with WWF-Singapore, will be launching the first AR-mazing Tiger Trail at Gardens by the Bay on 26 February, to kickstart the company’s sustainability agenda in 2022.
WWF-Singapore’s AR-mazing Tiger Trail will feature a 3-part island-wide trail that focuses on tiger conservation and other key environmental causes impacting the planet today, using art as a vehicle to educate, spark discussion and action. Today, there are approximately 3,900 tigers left in the wild. According to WWF-Singapore, the overall tiger populations are declining and many are still at risk. In some areas of Southeast Asia such as Cambodia, Lao PDR and Vietnam within the last 25 years, tigers have completely disappeared.
Eng Thiam Choon, Chief Executive Officer, Tiger Brokers (Singapore), shared “Together with WWF-Singapore, we aim to raise global awareness of the importance of tiger conservation efforts globally and across Asia. Celebrating Tiger Brokers’ 8th anniversary this year, the year of the tiger and this initiative relates well with our brand identity and Tiger Mascot. More importantly, it kickstarts our journey as a force for good for the environment, society, and community at large.
As an innovative FinTech company, there is more we can do beyond just finance. Being one of the leading online brokerage companies, our focus lies in creating a better shared future for everyone. Since our inception seven years ago, we have been actively seeking ways to support people’s global investing strategies through cutting-edge technologies. Similarly, our collaboration with WWF-Singapore leverages technology to raise awareness and engagement on the importance of maintaining biodiversity and a balanced ecosystem.
We hope that the WWF-Singapore’s AR-mazing Tiger Trail campaign, featuring exceptional art pieces, will inspire individuals to do the right thing and raise awareness to protect our ecosystem. Together, we can do more to reverse the decline of wildlife than we can alone. Let’s immerse ourselves in the fascinating art world and empower more people to get involved in WWF-Singapore’s conservation work.”
“WWF-Singapore is thankful for the support from our esteemed partners such as Tiger Brokers, who have made the WWF-Singapore’s AR-mazing Tiger Trail possible. We hope that individuals and businesses will learn from this artistic trail and be inspired to play a more active role in tackling the climate crisis and protecting our natural biodiversity,” said Mr. R. Raghunathan, CEO of WWF-Singapore.
Putting on a Green Lens
Sustainability will continue to be a key agenda in Tiger Broker’s long-term strategy. As a first step, Tiger Brokers Singapore, in line with MAS’ Green FinTech agenda, will be applying a “Green Lens” on all its business operations.
Since its inception in 2014, the company has been focusing on reducing its carbon footprint and actively promoting green and sustainable development by using artificial intelligence to develop its internet platform and online financial applications, going paperless and using energy-saving infrastructure.
This has a significant impact given that Tiger Brokers as of the end of third quarter of 2021 has over 1.767 million account opening customers worldwide and over 612,000 deposit clients worldwide, all of which are conducted in a paperless way, eliminating the need for users to go to prepare physical documents and reducing carbon emissions because of not having to visit a physical office.
At the group level, Tiger Brokers will be expanding its Environmental, Social and Corporate Governance (ESG) research team, combining its own technology and business advantages around ESG, the company hopes to use its own strength to help support sustainable issues such as carbon neutrality transition.
Promoting Green Investment for the Future
Amidst growing awareness of ESG and understanding of the role investors play in supporting a shift towards sustainable development, Tiger Brokers aims to empower them to go beyond managing the ESG risks in their portfolios, to also create positive and measurable environmental impact from their investment activities.
Today, retail investors can easily access and invest in over 60 sustainable funds that are on Tiger Broker Singapore’s platform. This includes widely traded funds such as United Smart Sustainable Singapore Bond Fund and Fidelity Sustainable Asia Equity Fund. The company also aims to increase the number of sustainable funds substantially by 2022 by working closely with its partners.
“Retail investors have increasingly been wanting to do their part for planet earth and make a positive difference by investing in companies with higher Environmental, Social and Governance (ESG) ratings and business practices,” said Mr Eng.
Recent studies have shown that young investors (millennials and Gen X) are more likely to consider social responsibility alongside their other investment strategies. In a research conducted on ESG and Socially Responsible Investing (SRI), the majority of the financial advisors (69%) surveyed felt that SRI will play a larger role in their practices.
According to financial data provider Morningstar, investors globally poured $142.5 billion into sustainable funds in the fourth quarter of last year, 12 per cent up on the previous quarter. ESG assets may hit $53 trillion by 2025, a third of global AUM based on estimation from Bloomberg.
Tiger Brokers continues to support equity financing and serve the real economy. The company continues to support the development of green companies and help green companies raise funds and go public. In 2021, Tiger Brokers served as the underwriter for ATRenew Inc. and helped it get listed on the New York Stock Exchange. ATRenew Inc. became the “first ESG stock” in China, and its integrated low-carbon circular economy platform has been welcomed by many users in China.
“We are seeing a growing interest among investors investing in sustainable funds. Tiger Brokers Singapore will continue to evolve to become more lifestyle-centric, appealing to the young investors, and aligning with their interest in social responsibility and sustainability investing,” added Mr Eng.
The Tiger Trade mobile application is available for download on the Apple App Store and Google Play Store.
For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: tiger@preciouscomms.com
This advertisement 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.
About Tiger Brokers (Singapore)
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
Moonstake Now Supports Staking of Everscale (EVER)
Moonstake is pleased to announce that our users can now earn interest from staking Everscale network’s EVER token on both the Web and Mobile Wallets! Hold, send, receive, and stake EVER to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, Shiden, and FIO, EVER became the 16th staking coin available on Moonstake.
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 have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.
Meanwhile, Everscale Network is a blockchain made up of DAOs called sub-governance. Everscale is an SDK with Solidity and C ++ compilers, APIs, 13 programming languages, and client libraries for all popular platforms, local nodes for DApp testing, CLI tools, DeFi, NFT, tokenization, and governance. It has powerful developer tools such as a decentralized browser and a range of wallets that empower many applications. Everscale is a new and unique blockchain design that combines a scalable distributed world computer with the distributed operating system Ever OS.
EVER Reward Campaign
To celebrate the launch of the EVER staking feature on Moonstake through partnership with Everscale, Everscale Japan is launching an EVER Giveaway Campaign on February 24, 2022.
The first 2,000 people to open a Moonstake account through the Moonstake registration link below will receive an EVER token reward that is worth about $10. Details of the event will be announced on Everscale Japan’s Twitter, so please follow their channels to stay updated.
Moonstake account registration link for EVER reward campaign: https://wallet.moonstake.io/sign-up?ref=CYRHJWWH6Z
Everscale Japan Twitter: https://twitter.com/EverscaleJapan
How to stake EVER on Moonstake Wallet
Here’s a simple 3-step process to stake EVER with Moonstake Wallet:
1. Register your Moonstake Wallet via Web or mobile (iOS/Android)
2. Select EVER from the “Wallets” screen and click the “Add Asset” button.
3. Access the EVER screen to check your staking information. From the Staking tab, click the “Stake” button and enter your wallet password to complete staking.
How EVER staking works
Hold EVER, 10 EVER minimum staking amount.
Agree to lock in and stake EVER.
To get the maximum reward, split your stake into two parts and make sure to invest in both even and odd rounds. Currently, Everscale’s staking yields an annual interest rate of up to 6%.
How to get rewards of EVER staking
Rewards are paid by the Elector system contract after each validation cycle and are distributed by depools between stakeholders in proportion to their stake.
A small part of reward (typically 5%) goes to the validator node, the rest serves as a basis for distribution between all stakeholders.
How EVER unstaking works
If token holders want to send an asset that is currently staked, they will need to unstake it first. The staked coin is locked in the pool for the duration of the validation round (up to 54 hours) and cannot be withdrawn until then.
To withdraw your tokens from specific rounds, make sure to put the withdrawal request until the round ends. You can track validation rounds using network explorers tonscan.io or ever.live.
In case no withdrawal request is done before the validation cycle ends, the reward will be automatically added to your stake amount and participate in validation.
Moonstake is pleased to partner with Everscale to bring our users a satisfactory experience staking EVER. We look forward to further collaboration with the Everscale team to bring even more value to crypto users worldwide.
About Moonstake
Moonstake is the world’s leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano’s constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.
Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/
About Moonstake’s staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
About Everscale
Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system. The network is based on a platform called Ever OS, capable of processing millions of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.
Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.
Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains. https://everscale.network/
Cryptured.com: All about Crypto & Blockchain
Introducing Cryptured.com, a platform dedicated to familiarizing the general public with crypto and blockchain technology. Cryptured.com is a news and information site for crypto and blockchain with the objective to help the general public understand and successfully use these technologies.
Cryptocurrencies are forms of online payments used for purchasing goods and services. Moreover, the technology that navigates a cryptocurrency is known as a blockchain. It is a decentralizing technology that has its roots spread across numerous computers that manage and record transactions. In laymen’s terms, a blockchain is a distributed database powering cryptocurrencies.
Cryptured.com gives its users access to different blogs about various aspects of crypto and blockchain, educating the individual on everything about the field. Apart from that, the website has forums for crypto and blockchain, where the users can help each other out and share their views.
The platform also provides detailed market analysis, allowing its users to make a well-informed decision before investing. The website features details and prices of various cryptocurrencies as well, and offers trading solutions, making it a one-stop destination for all things crypto.
Cryptured.com has created a safe space for all crypto lovers, where they can share their views, write blogs, and even get their press releases featured. It is more than just a website. It is a community helping its users understand the basics of crypto and blockchain technology, preparing them for the digital currency revolution ahead.
When it comes to Cryptured.com, your level of proficiency in the crypto field does not matter. If you are in the beginning stages, you can learn. If you are a pro, you can help others learn. So, if you found this read interesting, visit the website: www.cryptured.com, and have a wholesome experience of all things crypto.
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Visit us at https://www.cryptured.com, or Email: info@cryptured.com
Moonstake Now Supports FIO Staking
Moonstake is pleased to announce that our users can now earn interest from staking the FIO token of the FIO Protocol on our Web Wallet! Hold, send, receive, and stake FIO to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, and Shiden, FIO became the 15th staking coin available on Moonstake. Moonstake is now also one of the official Block Producers on FIO.
FIO staking activation is scheduled to take place on 22nd February 2022. Before this activation, each FIO token staked will begin accruing rewards at an early-access rate. Through this partnership, the Moonstake and FIO teams have worked together to bring you FIO staking feature before Staking Activation to start earning the early-access, proportional reward potential on Moonstake Wallet.
After Activation is achieved, and as more tokens are allocated to the Staking Rewards Pool moving forward, rewards accrued per FIO token staked will decrease over time. This means that, after Activation is achieved, those who still stake earlier will accrue greater proportional rewards than those who stake later.
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 have grown rapidly to reach $1.8 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.
Meanwhile, FIO (short for Foundation for Interwallet Operability) was founded in 2020 and aims to enable easier, safer and more joyful crypto transactions on any type of token or coin. The FIO Protocol is designed to ensure the cryptocurrency user experience is uncomplicated and lays the foundation for cryptocurrency mass adoption. Long complex addresses have been replaced with user-customized FIO Crypto Handles such as “user@fio” that enable decentralized sending, receiving and payment requests (invoices, order carts, etc.), as well as, cross-chain end-to-end encrypted metadata (the information for those invoices, order carts, etc.) that can work across all blockchains.
How to stake FIO on Moonstake Wallet
Here’s a simple 3-step process to stake FIO with Moonstake Wallet:
– Register your Moonstake Wallet via Web or mobile (iOS/Android)
– Select FIO from the “Wallets” screen and click the “Add Asset” button.
– Access the FIO screen to check your staking information. From the Staking tab, click the “Stake” button, input the amount to stake, and enter your wallet password to complete.
How FIO staking works
Hold FIO, no minimum staking amount.
Agree to lock in and stake FIO
While your FIO tokens are being staked, they remain in your wallet while you earn staking rewards. The Staking method ensures that stakers of FIO Tokens will always earn a positive return – meaning they receive more FIO Tokens back when they unstake than the number they staked.
How to get rewards for FIO staking
Rewards are given in FIO tokens and users will have to claim rewards. Please note that if you unstake your tokens prior to staking activation on 22nd February 2022, you will not receive any rewards.
How FIO unstaking works
If token holders want to send an asset that is currently staked, they will need to unstake it first. Unstaked tokens are locked and are unspendable for a period of 7 days. After that, they can be transferred as normal.
Moonstake is proud to deliver on our promise of bringing great value to users worldwide not only through enabling FIO staking, but also by integrating the feature before FIO staking officially launches on Mainnet, allowing our users to enjoy the greatest amount of earning potential per token staked.
About Moonstake
Moonstake is the world’s leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano’s constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.
Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/
About Moonstake’s staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.
About FIO Protocol
The Foundation for Interwallet Operability (FIO) is an industry consortium, consisting of leading wallets, exchanges, crypto payment processors, and various other entities and community members dedicated to the pursuit of blockchain usability through the FIO Protocol.
FIO’s vision is to operate as a Decentralized Autonomous Consortia (DAC), guided by the community and blockchain ecosystem. We encourage everyone to participate in helping define the FIO Protocol and to provide feedback on how to improve blockchain usability. Our Foundation values Openness and Transparency, Diversity in Community, and Fairness. https://fioprotocol.io/
OKLink launches Chainhub 2.0, providing brand new world-class crypto market intelligence services
OKLink, the leading blockchain big-data company from China, launches Chainhub 2.0, a crypto financial intelligence platform, to provide upgraded crypto market intelligence services for institutional and individual investors.
As one of the world’s earliest adopters of crypto, OKLink holds that conventional valuation metrics is far from sufficient for analyzing crypto markets. The crypto boom comes with a wealth of open, incorruptible blockchain data that enable people to access objective, precise and trustworthy measures of crypto market activity. By unlocking on-chain data, Chainhub is reshaping the way people measure market activities.
By providing over 10000 crypto market metrics and 7 thematic data including Hot Contract, DeFi, GameFi, NFT, Chainhub is providing comprehensive, precise and fast crypto market intelligence services for more than 5 million global crypto investors and is particularly popular among Chinese crypto investors.
The newly launched Chainhub 2.0 optimized the underlying blockchain technology framework and achieved 4 major innovations:
- Workbench: The new Workbench function brings a completely new user experience upgrade from read-only to read-write. Users could create their own indicators by performing function calculations on existing indicators and their own charts by comparing existing indicators.
- On-chain Data Broadcasting: With over 10 mainstream blockchains’ full-node data, Chianhub 2.0 7*24 continuously pushes on-chain data to help you better track industry hotspots and discover new on-chain opportunities.
- Custom Dashboard: With this function, customers could build data dashboards that fit their own data needs and analysis habits. Every time you open Custom Dashboard on Chainhub, you see the latest data that you need.
- Brand New Landing Page: By integrating hot thematic data, on-chain data metrics base, data broadcasting and market reports, the new landing page enables users access target data within the shortest time, providing convenient one-stop data services.
“Gathering data from multiple blockchains and generating meaningful information from it necessitates high operational costs and time commitments, as well as a comprehensive infrastructure of databases, tools, and skilled data scientists”, Zhang Chao, vice president of OKLink said.
“OKLink takes many efforts on the newly launched Chainhub 2.0, because we believe this product is beneficial for investors and will play an important role in improving access in this nascent crypto market. In the coming years, OKLink will boost product innovation and help professionals, builders, investors and communities build a more transparent and efficient industry by providing world-class tools and intelligence”.
About OKLink
OKLink is a world-leading blockchain big-data company from China, providing users with accurate on-chain data analysis, high-extensibility information solutions and blockchain science education services based on industry-leading blockchain big-data technology. Currently, OKLink has launched products including OKLink blockchain explorer, Chaintelligence, Chainhub and OKLink Academy. Visit www.oklink.com.
Media Contact
Jin Pengcheng, OKLink
Oukehudong Network Technology (Beijing) Co., Ltd.
E: pengcheng.jin@oklink.com
U: https://www.oklink.com
Online Brokerage Tiger Brokers (Singapore) Makes It Easy for Users to Fund Their Investment Portfolio
Tiger Brokers (Singapore) Teams Up with Wise to Offer Remittance Directly to Trading Account in Singapore
Tiger Brokers (Singapore) Pte. Ltd. (Tiger Brokers Singapore) today announced a partnership with Wise, the global technology company building the best way to move money around the world, to offer investors cheaper and faster international money transfers to their trading account at Tiger Brokers Singapore.
With the new offering, Singapore investors will now be able to seamlessly transfer funds from their overseas bank accounts to Singapore Dollar (SGD) in real-time and execute trades on Tiger Trade app within minutes. Through the Tiger Trade app, users will be able to get the real exchange rate and see the fees upfront with no hidden costs. Additionally, transfers are fast – 45% of all transfers globally sent on Wise are instant (less than 20 seconds). These features not only help reduce transfer fees but also shorten the time needed to move funds between their bank accounts and trading account at Tiger Brokers Singapore.
Eng Thiam Choon, Chief Executive Officer, Tiger Brokers Singapore, shared, “We are excited to partner with Wise to be the first to offer investors a faster, cheaper and more convenient way to transfer directly to their trading account held with Tiger Brokers Singapore. As we grow, we want to find ways to make it easier and more efficient for investors to trade a wide range of securities across major global markets and currencies on our investment platform. Tiger Brokers has always been focused on creating a superior and seamless trading experience for investors on our online and mobile trading platforms, and our partnership with Wise, a global leader in money movement, is yet another step in this direction.”
Digital investment continues to be on a rise in South East Asia (SEA) and last year alone the region saw an increase in the number of users on investment platforms from 9 million in 2020 to 12 million in 2021. The region is expected to see 25 million users on digital investment platforms by 2025.
Vinay Palathinkal, Regional Head, Wise Platform, said: “At Wise, our mission is to make moving money faster, cheaper and more transparent for everyone, everywhere. As a customer-obsessed company, Wise shares Tiger Brokers’ vision for creating new, frictionless experiences for their customers and we’re thrilled to build this feature with them to enable quick and low-cost transfers with no exchange rate markups to their customers.”
Wise is a global tech company building the best way to move money around the world. Globally, 12 million people and businesses use Wise, which processes over GBP6 billion in cross-border transactions every month, saving customers over GBP1 billion a year.
The Tiger Trade mobile application is available for download on the Apple App Store and Google Play Store.
– Apple App Store: https://apps.apple.com/sg/app/id1023600494
– Google Play Store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock
For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: tiger@preciouscomms.com
This advertisement 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.
About Tiger Brokers (Singapore)
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
About Wise
Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold more than 50 currencies, move money between countries and spend money abroad. Huge companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.
Co-founded by Taavet Hinrikus and Kristo Kaarmann, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.
12 million people and businesses use Wise, which processes over GBP6 billion in cross-border transactions every month, saving customers over GBP1 billion a year.
NextPlay Technologies’ NextBank Selected to Provide Deposit Accounts and Payment Cards for Alphabit’s ABCC Cryptocurrency Exchange
NextPlay Technologies, Inc. (Nasdaq: NXTP), announced that NextBank International, the international banking unit of its fintech division, has signed a Memorandum of Understanding (MOU) with Alphabit Consulting Pte. Ltd., to provide deposit accounts and payment cards for members of its ABCC cryptocurrency exchange.
The NextBank accounts will maintain ABCC users’ fiat (government issued) cash balances, permitting them to trade between fiat currency and cryptocurrency on ABCC exchange. Account holders will also be able to apply for payment cards that would allow them to make payments secured by their cryptocurrency balances.
Alphabit has built a broad global user base with ABCC. As a Singapore-based cryptocurrency exchange operator, Alphabit has submitted a license application under the Payment Service Act 2019 to provide account issuance services and digital payment token services as it continues to operate under a license exemption.
“ABCC is an exceptionally well-managed and fast-growing crypto exchange, making them the perfect partner to launch payment cards with,” stated Todd Bonner, chairman of NextPlay Technologies and head of the company’s fintech division. “We expect the regulatory licenses will further support trader and investor confidence, and further accelerate the growth of the ABCC platform. This new partnership also advances our efforts to expand the capabilities of our fintech division through the offering of products and services that appeal to companies within the digital asset industry.”
According to ABCC president, Calvin Ng: “We have teamed with NextBank to provide these financial services due to their highly experienced and capable management, as well as their positioning in the international online banking marketplace. We see this as just the beginning of a long-term partnership, as we together deliver increasing value and convenience to our ABCC members.”
The new joint offering from ABCC and NextBank is expected to benefit from the rapidly growing global financial technology market, which is projected to grow at a compound annual growth rate of 25% from 2022 to approximately US$324 billion by 2026, according to a Market Data Forecast.
About Alphabit and ABCC
Based in Singapore, Alphabit Consulting Pte. Ltd. operates the ABCC cryptocurrency exchange. ABCC is a leading crypto exchange that is exploring the future development of cryptocurrency projects for global users. It is working to create a world where cryptocurrency co-exists with traditional financial markets through robust Know-Your-Customers (KYC) processes. By engaging with reputable vendors, it seeks to deliver RegTech solutions that create a safe platform for its ABCC members. To learn more, visit abcc.com.
About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “intends,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties including, and not limited to, our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; current regulation governing digital currency activity is often unclear and is evolving; the future development and growth of digital currencies are subject to a variety of factors that are difficult to predict and evaluate, many of which are out of our control; the value of digital currency is volatile; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; our revenues and results of operations being subject to the ability of our distributors and partners to integrate our alternative lodging rental (ALR) properties with their websites, and the timing of such integrations; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; our travel business depends substantially on property owners and managers renewing their listings; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank International (formerly IFEB); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by NextPlay are detailed from time to time in NextPlay’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings “Risk Factors”. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
SOURCE: NextPlay Technologies, Inc.
Company Contacts:
NextPlay Technologies, Inc.
Richard Marshall
Director of Corporate Development
Tel: (954) 888-9779
Email: richard.marshall@nextplaytechnologies.com
Alphabit Consulting Pte. Ltd
Alan Li
Chief Executive Officer
Email: alan.li@abcc.global