Tag: Cryptocurrency

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news Investment News

AIBC European Summit kicks off with full featured agenda

In November, the AIBC European Summit returns to awaken Malta from its autumn stupor. By prioritizing quality over quantity, extra care has been taken to ensure delegates get the most for their investment; from top-notch networking opportunities to KOL-led keynotes and panels for maximized visibility for all startups. Read the highlights not to

I want to miss AIBC Summit Malta Week 2022.

Schedule

A lot of effort went into putting together the event agenda. It was calibrated to be as strategic and fluid as possible.

Day 1 will begin with the VNTR Capital Breakfast, where delegates will have the opportunity to network and

discuss the latest technology trends with active Venture Capital investors, business angels and HNWIs. The day’s conference is scheduled to start early and is packed with important information on recent 2022/2023 bull and bear market trends. The best VCs will take over from 10:40 am to cover the best market and investment strategies. The AIBC Startup Pitch will follow immediately, ensuring maximum VC visibility for emerging entrepreneurs.

The lectures will take place in two stages over the two days and have been structured to cover a wide range of

topics at any time. From Crypto and Blockchain technologies to GameFi and Web3 education, delegates will benefit from keynotes and panels featuring the brightest minds in the industry.

The launch of AIBC Europe

More than keynotes and panels, the AIBC Summit is about envisioning and building an exciting future for innovative technology. The SiGMA Group is all about honoring the vision, courage and determination required to elevate any company from a localized idea to a global phenomenon. It does this by providing startups with a stage to showcase their exciting ideas, ensuring maximum visibility from high-priority investors.

We put out the call and over 100 startups responded, now ready to take advantage of a highly coveted spot at the AIBC Summit! The best start-ups will also compete on stage in front of a panel of judges, hand-picked to ensure the highest quality and diversity of backgrounds and experiences.

The judging panel comprises Scott Stornetta, Marianna Tavella, Efrem Borg, Johan Zammit, David Orban and Saeed Aldarmaki, bringing together decades of experience in Cryptocurrencies, Blockchain, BizDev and regulation. Our key launch competitors include Arena Games, Farcana, Encore Fans and Nanit Robot, covering SocialFi, GameFi, EdTech, Robotics, Crypto, Blockchain and Web3 infrastructure innovation.

Launch of AIBC Startup | AIBC United Arab Emirates 2022

Join us: 14th to 18th November for Malta Week

One of the first European countries to regulate the gaming industry, Malta is a global business hub. The island is an obvious choice for AIBC’s presence in Europe and a solid base for the future of the sector. With a wealth of perspectives for investors and entrepreneurs looking to shape the future of this multibillion-dollar business, Malta Week will bring together industry giants across gaming affiliates, operators and providers.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency news

Has the FTX Exchange finally reopened withdrawals for clients?

According to on-chain data provider Nansen, the indebted FTX has finally reopened withdrawals for its clients. According to the data, one user was able to withdraw $2.6 million worth of ETH, while another was able to withdraw $1.3 million worth of USDC from the exchange.

Strangely, the data also shows that a user deposited $21,000 on the exchange to try to arbitrage odd prices on FTX and withdraw to some other niche asset.

Hearing rumors FTX reopened withdrawals and it seems to be true: one address got just over $2 million

Follow him here: https://t.co/YnE8gJPyvo pic.twitter.com/lp1Arag5vk

— Andrew T (@Blockanalia) November 10, 2022

FTX stopped withdrawals earlier this week due to liquidity issues with its sister company Alameda Research. Rival exchange Binance stepped in and signed a non-binding letter of intent to buy FTX only to pull out of the transaction 24 hours later.

FTX CEO Sam Bankman-Fried said in a tweet on Thursday:

“We spent the week doing everything possible to increase liquidity”
Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Investment News Metaverse

Flipkart, the Indian commerce giant, will allow customers to buy items in the metaverse

Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot program to let its customers experience shopping in a metaverse environment. The company announced the launch of its own metaverse, called Flipverse, in which different brands will be able to offer their own shopping experiences.

Flipkart to Launch Flipverse: A Shopping Metaverse

Flipkart, one of the largest e-commerce companies based in India, has announced that it will test its own shopping experience in the metaverse. Called Flipverse, this metaverse will allow customers to experience shopping as if they were physically present in an online store through their smartphone.

According to the company, the experience wants to bring gamification and loyalty points to the shopping experience, allowing customers to accumulate supercoins and digital collectibles from different brands that are already accredited to be part of this pilot program.

To create the new platform, Flipkart partnered with eDAO, a company incubated by Polygon, to prepare the metaverse experience for launch this month. The company has already signed up several key partners, including Puma, Noise, Nivea, Lavie, Tokyo Talkies, Campus, VIP, Ajmal Perfumes, and Himalaya, who will be able to offer their own custom booths and experiences in the Flipkart metaverse.

A Flipkart executive stated:

The idea is to get millions of users to experience Flipverse and open the door to the future of shopping. Fifteen years ago, we were the first Indian company to launch Web 2.0-based commerce. And I feel that today we are the first company to launch Web 3.0 commerce.

Retail and the metaverse

While metaverse retail experiences have been fairly limited so far, with video from 2017 resurfacing this year showing an example of how shopping would be done in a hypothetical Walmart-themed metaverse, Flipkart and Polygon believe there is a great opportunity in the future for that. type of virtual shopping experience.

Sandeep Narwal, co-founder of Polygon, stated:

While we're just beginning to scratch the surface of what's possible in the metaverse, we see e-commerce as one of the defining use cases. Combining top brands with Flipkart's eCommerce expertise in a virtual environment revolutionizes online retail as we know it.

Walmart, which owns 72% of Flipkart, already made its first metaverse move into the Roblox universe in September, launching two experiences called “Walmart Land” and “Walmart’s Universe of Play.”

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment

MinePlex Digital and Crypto Bank Secures $100M in GEM Funding

The funds will be used in new banking technologies, including a collaboration with Mastercard and Visa for cryptocurrency transactions.

In another round of investments in the cryptocurrency space, Singapore-based crypto bank MinePlex has secured $100 million from digital asset investment firm GEM Digital Limited (GEM) with the aim of bridging the gap between the digital assets and traditional banks.

According to an announcement on Oct. 11, MinePlex will use the funds to develop new banking technologies, including a collaboration with Mastercard and Visa for transactions that accept Tether (USDT), Bitcoin (BTC), Ether (ETH), and TRON (TRX). .

Uniting digital assets and traditional banking services is the great bet of MinePlex.

The platform offers fiat and crypto asset services within the same app, enabling transactions such as bill payments and crypto asset purchases.

Introducing CrossFi, MinePlex co-founder and CEO Aleksandr Mamasidikov explained to Cointelegraph:

“We created CrossFi, a new technology running on the LPoS (Liquid Proof of Stake) consensus algorithm and the innovative MinePlex blockchain, offering advantages such as simplicity, operational speed and low fees.”

According to MinePlex, its native MinePlex token (PLEX) will also be listed on the new exchanges as part of the fundraising efforts.

The company also plans to open new offices in South Africa, Australia, India and Brazil, in addition to those already established in Barcelona, ​​Dubai, Uruguay and Singapore. The company claims to have processed more than five million cards in 50 banks in Russia, Europe and Asia.

GEM is a $3.4 billion alternative investment group that has been a source of capital for other startups in the cryptocurrency space.

In September, ParallelChain Lab secured $50 million in funding from GEM following the launch of its parent XPLL token, while Sports Metaverse startup LootMogul secured a $200 million investment commitment from Gem Global Yield.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news Investment News

Visa Launches Bitcoin and Crypto Debit Cards in 40 Countries in Partnership with FTX

The partnership allows FTX Exchange users in 40 countries to easily spend their bitcoins and cryptocurrencies at any merchant that accepts Visa cards.

FTX is launching bitcoin and cryptocurrency-backed debit cards in 40 countries.

The exchange has partnered with Visa and will focus on Latin America, Asia and Europe.

Despite the bear market, Visa believes bitcoin holders still want to use BTC for payments.

Visa has partnered with one of the world’s leading cryptocurrency exchanges, FTX, to launch bitcoin and cryptocurrency debit cards, according to a CNBC report.

The offer will be available to FTX users in more than 40 countries, with a focus on Latin America, Asia and Europe.

Visa, along with its competitors in the market, continues to assert that bitcoin and cryptocurrency users still want to use their holdings as a medium of exchange, even amid a bear market downturn.

“While stocks are down, there is still a steady interest in cryptocurrencies,” said Visa Chief Financial Officer Vasant Prabhu, according to the report.

Debit cards, which are already available in the US, simply connect to the FTX platform, allowing users to spend digital assets in their wallets without the need to withdraw assets from the exchange platform.

“We don’t have a position as a company on what the value of cryptocurrency should be, or if it’s a good thing in the long run — as long as people have things they want to buy, we want to make it easy.” said Prabhu.

Visa’s main competitor, Mastercard, has also partnered with several different companies to offer debit cards that support bitcoin and cryptocurrencies. American Express has also expressed interest in offering a similar product, though its chief executive said it likely wouldn’t be “any time soon”.