Category Archives: Press Releases

Coinbase (COIN) Becomes the Official Crypto Platform of the NBA

Coinbase Global, Inc. (Coinbase) and the National Basketball Association (NBA) today announced a multi-year partnership that makes Coinbase the exclusive cryptocurrency platform partner of the NBA, Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League and USA Basketball.

The deal, which marks the first cryptocurrency platform partnership for each league, will consist of unique content, innovations, activations and experiences from Coinbase to educate fans on the increasing advancements happening across the cryptoeconomy. Beginning with tonight’s tip-off of the NBA’s 75th Anniversary season, Coinbase will have a brand presence featured during nationally televised games. The company will also become the presenting partner of the WNBA Commissioner’s Cup and the USA Basketball men’s and women’s national team exhibition tours, as well as a partner of NBA G League Ignite.

SEBA Bank Launches SEBA Earn to Enable Institutional Access to Crypto Earning Economy

SEBA Bank, a a fully integrated, FINMA licenced digital assets banking platform, today announced the launch of SEBA Earn, an institutional-grade solution enabling clients to earn yield on their crypto holdings.

The launch of SEBA Earn caters to growing demand from institutions to manage a range of digital asset yield use cases from staking to decentralized finance (DeFi), and centralized lending and borrowing. SEBA Earn’s comprehensive staking management platform will enable institutions and individuals to generate rewards from their crypto investment on networks including Tezos, Polkadot, and Cardano; with more protocols coming in the coming months.

As the DeFi industry has rapidly grown to reach a total value locked of over USD 80 billion, institutional investors are seeking trusted and regulated counterparties to provide services in the space. SEBA Bank will be the first regulated bank to offer a FINMA licenced gateway that will enable professional and institutional investors to access yields in permissioned DeFi protocols.

SEBA Earn will also provide support for centralized lending and borrowing services, enabling investors to generate yield by lending Bitcoin and Ethereum directly with SEBA Bank. As part of the ongoing development of SEBA Earn, SEBA Bank will continue integrating support for additional coins.

Guido Buehler, CEO of SEBA Bank, commented, “It is clear that as institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services like staking, DeFi and centralized crypto borrowing and lending. SEBA Earn, our comprehensive digital asset earning offering, provides professional and institutional players with a flexible platform and a trusted, regulated provider to securely enter the space. Innovation is a core tenet of our philosophy at SEBA Bank and I am excited to demonstrate our industry-leading innovation in delivering our clients the cutting-edge technology that they need to stay apace with the rapidly evolving digital assets industry.”

Bitwage raises $1.5mm in 55 hours in recent funding round

Bitwage – the leading provider of Bitcoin and cryptocurrency payroll, invoicing, and benefits – announced this week that they closed $1.5MM in a funding round with online investment platform, BnkToTheFuture. The round oversubscribed to 125% of the company’s target in the first few days. BnkToTheFuture has over 150K qualifying investors and has had over $1bn invested in funding rounds since inception.

Bitwage was founded in 2014 by Jonathan Chester and John Lindsay when they foresaw the opportunity to combine payroll services with cryptocurrency and bitcoin.

Since its founding, the company has reached a number of notable milestones:

$120MM transactions processed

50k registered users

2k registered companies

US business doubled in 2021

Key Latin American market grew 20x since the beginning of Covid

While accomplishing these unique milestones, Bitwage raised over $1MM from acclaimed investors and blockchain visionaries, including Draper Associates and Max Keiser’s Heisenberg Capital.

Bitwage experienced exponential growth in the last two years, catalyzed by the COVID-19 pandemic, the global remote work trend, and the rapid adoption of blockchain based assets. As a result of these trends, Bitcoin, cryptocurrency and stablecoin payroll services are poised to accelerate in growth for the foreseeable future

Bitwage is set to be the leader of this new market. Staking an early advantage with their 2014 launch, the company has dedicated much of its existence to perfecting the payroll process for cryptocurrency and Bitcoin. The company has outpaced its competitors by maximizing years of product development, extensive transaction history, and deep relationships within the cryptocurrency and banking worlds to navigate the emerging blockchain consumer and regulatory environments.

Bitwage is set to become a large part of the infrastructure that will power domestic and international deposits into consumers accounts everywhere, whether it be their hardware wallets, their favorite exchanges, or their bank accounts.

According to Bitwage CEO Jonathan Chester, “When we first started in 2014, Bitcoin payroll was just a niche for cypherpunks and crypto anarchists. Covid-19 has acted as a catalyst for both the cryptocurrency and remote work industries. Bitwage, Bitcoin and cryptocurrency payroll sit at the intersection of these two movements. The tailwinds are picking up for Bitcoin and cryptocurrency payroll to become a massive multi-billion dollar industry and Bitwage is poised to become the global leader.”

You can check out Bitwage funding round on Online Investment Platform here: https://app.bnktothefuture.com/pitches/bitwage-inc/landing

Now get your paycheck deposited into Coinbase

By Prakash Hariramani, Sr Director, Product, Coinbase

Over the next few weeks, we’re rolling out the ability for customers in the US to deposit their paycheck into Coinbase to more easily make regular crypto trades, spend on Coinbase Card, earn crypto rewards¹, and more. Get paid in crypto² or in US dollars and deposit as much³ or as little of your paycheck as you want. The future of payroll is coming.

Get easy and zero-fee access to crypto

There are many reasons why customers make frequent transfers into Coinbase: to make short or long-term investments, to earn interest on yield-generating assets, and to fund everyday purchases with Coinbase Card. However, customers tell us that making frequent transfers is time-consuming and inconvenient.

Now, you’ll save time on the extra steps it takes to move money so you can immediately earn interest on your income or earn crypto rewards with your Coinbase Card. Plus, you’ll pay zero transaction fees on direct deposit funds⁴ so you have instant and free access to the cryptoeconomy.

Maintain full control

Stay in control of your money by depositing as little or as much of your paycheck as you want. Get paid in any of the 100+ crypto available on Coinbase or in US Dollars. Choose to get paid in crypto so you can make recurring buys or earn interest on your income (by getting paid in USDC, DAI, or other interest-yielding assets), or choose to get paid in US Dollars to be ready for any trade or to spend with your Coinbase Card.

Set up just once

You can set up direct deposit in just a few steps without leaving the Coinbase app. Tap direct deposit in the settings, follow the instructions, and find your current payroll company or employer, and we’ll automatically update your paycheck allocation. If you’d prefer to set up direct deposit manually, we’ll provide instructions on what to share with your HR department or employer payroll website. You can modify your direct deposit preferences at any time within your Settings.

Enter the future of payroll

As you begin to do more with your crypto from staking to spending to sending, we’re also making it easier for businesses to pay their employees in crypto. We’ve partnered with a number of companies, including Fortress Investment Group, M31 Capital, Nansen, and SuperRare Labs, to allow employees throughout the creator economy and financial services to enter the future of payroll.

Stay tuned for announcements in the coming months as we make it easier for more businesses to pay employees in crypto.

¹Crypto rewards is an optional offer.

²If you choose to be paid in crypto, Coinbase will automatically convert your paycheck from US dollars to crypto with no transaction fees.

³Limits apply, see terms.

No Coinbase transaction fees but a spread applies when we buy, sell, or trade cryptocurrencies. Other standard fees may apply, and will be shared during Coinbase Card sign-up.

The Coinbase Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Coinbase Card is powered by Marqeta.

The9 Limited, Polygon, and Protocol Labs Announced Ecosystem Collaboration on NFTSTAR and GameFi Play-to-earn Projects

The9 Limited (Nasdaq: NCTY) (“The9”), an established internet company, Polygon, an Ethereum scaling platform, and Protocol Labs, Inc. (“Protocol Labs”), a major contributor of open-source projects including InterPlanetary File System, or IPFS, and Filecoin, today announced that they are forming an ecosystem collaboration on The9’s Non-Fungible Token (NFT) platform NFTSTAR and GameFi Play-to-Earn projects.

The9 announced NFTSTAR as one of its core businesses in August 2021. NFTSTAR is a NFT trading and community platform that provides users with purchase, trade, and interactive activities. The platform will feature NFT collections created by global stars’ licensed IPs. Users can purchase and own stars’ limited NFT collections. Each NFT collectible has a unique record on the blockchain, and the users will obtain the ownership of the unique NFT collectibles through purchase on the platform, or through trading on NFTSTAR’s marketplace. NFTSTAR will accept general payment methods, such as credit cards, to make it easy for mainstream consumers to participate. NFTSTAR (www.nftstar.com) is expected to be officially launched in the fourth quarter of this year.

The three parties have formed an ecosystem collaboration on NFTSTAR and GameFi Projects including but not limited to the following areas:

  1. The9’s NFTSTAR platform and the GameFi projects developed by The9 will consider Polygon as the first priority of public blockchain to support the technical operation and maintenance.
  2. NFT collectibles on NFTSTAR platform will be stored on IPFS and Filecoin network through leveraging the decentralized systems to enhance NFT products’ security.
  3. The three parties will initiate discussions to form a GameFi fund, which will seek promising GameFi projects to invest in and provide financial and technical support to them. The three parties will also collaborate to identify new partners for the fund and continue to explore potential investment opportunities globally.

Seeking to contribute resources and experience to stimulate the development of NFT and GameFi businesses, The9 welcomes relevant project teams or organizations to join this alliance, for a better growth of the NFT and GameFi ecosystem.

About The9 Limited

The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 aims to become a global diversified high-tech Internet company.

About Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 500+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

About Protocol Labs

Protocol Labs is an open-source research, development, and deployment laboratory. Our projects include IPFS, Filecoin, libp2p, and many more. We aim to make human existence orders of magnitude better through technology.

We are a fully distributed company. Our team of more than 100 members works remotely and in the open to improve the internet — humanity’s most important technology — as we explore new advances in computing and related fields.

76ers Announce Crypto.com as Official Jersey Patch Partner

Sixers to Launch First-Ever NFT with Crypto.com

The Philadelphia 76ers announced today a new partnership with Crypto.com the fastest-growing crypto platform with more than 10 million users worldwide, designating the crypto company as the team’s official jersey patch partner. The partnership is also Crypto.com’s first in the NBA. To tip off the partnership, the 76ers will be launching their first-ever non-fungible token (NFT), available for fans to purchase through Crypto.com NFT.  

“We are thrilled to launch a long-term partnership with such a progressive team at Crypto.com, a company that shares our drive for greatness,” said Chris Heck, 76ers President of Business Operations. “Crypto.com will be woven into the fabric of our identity, and together, we will change the landscape for how crypto is integrated in sports. We will also leverage Crypto.com’s forward-thinking, global expertise to unveil our first-ever NFT program. These are the types of creative, innovative partnerships that we crave, and we’re thrilled to share this with our fans in Philadelphia and around the world for years to come.” 

Crypto.com has partnered with world-class organizations and brands including Formula 1, UFC, Paris Saint-Germain, and the National Hockey League’s Montreal Canadiens among others. Crypto.com recently launched Crypto.com NFT, the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment, and sports. 

Media may download still images and videos featuring the 76ers new Crypto.com jersey patch

“We’re extremely excited to announce our partnership with the 76ers” said Kris Marszalek, co-founder & CEO of Crypto.com. “The NBA is one of the most popular leagues in the world, and the 76ers were an obvious choice. Together we’re going to create integrated experiences for fans everywhere; our patch and court integrations are just the beginning.” 

All four versions of the 76ers uniform this upcoming season will feature the Crypto.com patch on the left shoulder of the jersey. Jerseys featuring the new Crypto.com patch will be available for purchase via SixersShop.com at the Official Team Store at the Center in Philadelphia.  

The patch will make its official team uniform debut at the start of the preseason when the 76ers face the Toronto Raptors on Oct. 4.  

As part of the jersey patch partnership, the 76ers will be unveiling their new City Edition uniform in November that commemorates an iconic time in 76ers history. This launch will also inspire another series of unique NFTs that will be available for 76ers fans to purchase throughout the year. 

Crypto.com will also appear in-arena on the baseline apron and courtside LED screens, be present within the 76ers Fan Hub, sponsor rewards for fans and present a Crypto.com school to educate fans on cryptocurrency. In addition, the deal includes a substantial presence across all platforms including regional  [television broadcasts, digital channels such as Sixers.com, Facebook, Instagram, Twitter and YouTube, player branding (uniforms) across digital, print and out-of-home advertising, team websites, team collateral and all team publications and photos. Crypto.com will also have rights to the 76ers’ name and marks in marketing and advertising as well as be an official international marketing partner of the team.  

The 76ers hired Excel Sports Management’s Properties division to oversee the search for a new patch partner, and Mayflower Entertainment represented Crypto.com.  

ABOUT CRYPTO.COM 

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment, and sports.  

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.  

With over 2,600 people in offices across the Americas, Europe and Asia, Crypto.com is accelerating the world’s transition to cryptocurrency.

EY announces integration with Polygon protocol and framework on Ethereum scaling solutions

The EY organization today announced it is using the Polygon protocol and framework to deploy EY blockchain solutions on the public Ethereum blockchain ecosystem.

As more enterprises adopt blockchain technology, transaction volumes and costs on the main public Ethereum blockchain have risen. Adopting Polygon’s commit chain solutions allows the EY organization to offer enterprise users increased transaction volumes with predictable costs and settlement times and the option to move transactions onto the public Ethereum mainnet.

EY has connected the Polygon public, permissionless commit chain into EY flagship blockchain services including EY OpsChain and EY Blockchain Analyzer. EY clients can connect their business operations into Polygon networks with just a simple configuration change on blockchain.ey.com. The main Polygon systems network and the main Polygon test and development network are now both directly accessible from blockchain.ey.com.

In addition to integrating the main Polygon commit chain into blockchain.ey.com, the EY organization is working with Polygon to create permissioned, private industry chains leveraging new models for handling transaction verification to increase efficiency and reduce transaction costs known as an optimistic rollup1. These industry chains would offer enterprises the comfort and security of a closed system but retain the close alignment with the public Ethereum mainnet that would make a future transition to public networks faster and lower risk.

Paul Brody, EY Global Blockchain Leader, says:

“Working with Polygon provides EY teams with a powerful set of tools to scale transactions for clients and offers a faster roadmap to integration on the public Ethereum mainnet. We discovered our shared priorities around open system and networks and the Ethereum ecosystem would make collaboration in this area much easier.”

Sandeep Nailwal, Co-founder, Polygon, says:

“The EY commitment to the public Ethereum ecosystem and to open standards was a big driver in evolving shared approaches. No other organization has made the same scale of commitment to the ecosystem and to open systems, or brings the depth of technology that the EY organization has in this space.”

Both the EY organization and Polygon are working on common roadmaps that will help prioritize enterprise-friendly features into the ecosystem with a particular focus on privacy technologies that enable sophisticated use cases and support regulatory compliance.

Osprey Funds Continues Streak of Leading-Edge Product Launches with Opening of Solana Fund

The Osprey Solana Fund is the first investment product in the US to invest exclusively in SOL.

Osprey Funds, LLC, a premier digital asset management firm, today announced the launch of the Osprey Solana Trust for private placement. The Trust is the first investment vehicle to offer exposure to SOL, the native token used on the Solana blockchain, the fastest blockchain in the world.

Following a breakthrough in mobile communications, Solana Founder and CEO Anatoly Yakovenko introduced Proof of History to blockchain, an algorithmic solution for timestamping transactions. This enables the Solana network to operate at incredible speed, processing 65,000 transactions per second with sub-second block finality, which will only get faster as network bandwidth increases.

“The pedigree of the science and potential of the technology behind Solana is unique among current blockchains,” said Greg King, CEO of Osprey Funds. “Solana has the potential to become the rails of an integrated, decentralized financial network that establishes one global price for assets. With the debut of the Osprey Solana Trust, we are continuing to build onramps for investors to access what we believe are the most promising blockchain technologies.”

The Osprey Solana Trust is currently available to accredited investors for subscription with a $10,000 minimum investment. The sponsor intends to pursue listing the fund on the OTCQX market as soon as possible and has also agreed to waive the management fee for all investors until January 2023.

Osprey Funds continues to deepen its disruptive digital asset investment platform with the Osprey Solana Trust being the fourth product launched this year. The firm also offers the Osprey Bitcoin Trust (OBTC), the Osprey Polkadot Trust and the Osprey Algorand Trust.

About Osprey Funds

Osprey Funds is the premier boutique digital asset investment firm. Based in New York, Osprey offers secure, transparent and cost-effective access to select digital assets via traditional investment vehicles. Learn more by visiting https://ospreyfunds.io/.

FSCA warns the public against BINANCE GROUP

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious and
vigilant when dealing with BINANCE GROUP as they are not authorised to give any
financial advice or render any intermediary services in terms of the Financial Advisory
and Intermediary Services Act, 2002 (FAIS Act) in South Africa.

The FSCA received information that BINANCE GROUP, an international company
situated in the Seychelles which has a telegram group that members of the South African
public can join to gain access to their cryptocurrency exchange platform. The FSCA
would like caution that in addition to this entity not being authorised to provide any
financial services or business, crypto-related investments are currently not regulated by
the FSCA or any other body in South Africa. As a result, if something goes wrong, you’re
unlikely to get your money back and will have no recourse against anyone.

Members of the public should always check that an entity or individual is registered with
the FSCA to provide Financial Advisory & Intermediary Services and what category of
advice it is that the entity is registered to provide. There are instances where persons are
registered to provide basic advisory services for a low-risk product and then offer services
of a far more complex and risky nature. The FSCA again reminds consumers who wish to
conduct financial services with an institution or person to check beforehand with the
FSCA on either the toll free number (0800 110 443) or on the website www.fsca.co.za as
to whether or not such institution or person is authorised to render financial services, and
in particular which financial products they are licensed for.

Europe’s First Bitcoin Futures, Based on ETC Group’s BTCetc Physical Bitcoin, to List on Eurex in September

  • First futures contract on a Crypto ETP in Europe launching 13 September 2021
  • BTCE is the world’s most heavily traded Crypto ETP
  • Eurex is the largest derivatives exchange in Europe

ETC Group ( www.etc-group.com ), Europe’s leading specialist provider of innovative, digital asset-backed securities, announces that Eurex, Europe’s largest derivatives exchange, will list Bitcoin ETN Futures on 13 September 2021 based on its flagship product BTCetc. This will be the first time futures contracts are available for investors on a Crypto ETP in Europe.

Bitcoin ETN Futures is based on ETC Group’s BTCetc™ – ETC Group Physical Bitcoin (ticker: BTCE), which launched on Deutsche Börse XETRA in June 2020. Since then it has been listed on multiple European exchanges, and is currently the world’s most heavily traded crypto ETP, with the narrowest spreads1. The new futures contract will be traded in Euros and physically delivered in BTCE, which is 100% backed by bitcoin and can be readily redeemed by any investor for the underlying bitcoin.

Bradley Duke, CEO of ETC Group said: “The announcement that Eurex will list a futures contract based on BTCE is a game changer, it firmly establishes BTCE as the benchmark Bitcoin ETP and go-to product for Bitcoin price discovery. We see the selection of BTCE by Europe’s largest derivatives exchange as recognition of the quality of the product and its world beating liquidity. Also, because BTCE is fully-fungible with the underlying bitcoin, it means physical settlement of the futures contract is enabled through BTCE’s standard creation/redemption mechanism.”

Randolf Roth, Member of the Eurex Executive Board said “Given the growing institutional demand for secure exposure to Bitcoin, we are delighted to begin listing these Bitcoin ETN futures on our regulated trading and clearing infrastructure at Eurex. This move will allow a greater number of market participants to trade and hedge Bitcoin, with this new future being treated in the same way as any other derivatives contract in terms of central clearing, netting, and risk management.”

This set-up allows investors to track the price development of Bitcoin in a fully regulated on-exchange environment and based on a transparent price discovery of the underlying BTCE. Structured in a similar way as physical Gold ETCs, with an equivalent physical redemption mechanism in place, BTCE’s primary listing trades on Deutsche Börse’s ETN trading segment since 18th June 2020. Bitcoin ETN futures are centrally cleared like any other derivatives traded on Eurex. Eurex’s standard clearing, netting, and risk management processes thereby come into effect, mitigating counterparty risk, and reducing operational costs for market participants.

Cryptocurrencies are highly volatile, and your capital is at risk.
Disclaimer: https://bit.ly/etcdisc

ETC Group ( www.etc-group.com ) is specialized in developing innovative digital asset-backed securities such as BTCetc (BTCE) and ETHetc (ZETH) which are currently listed on Deutsche Börse, Euronext, SIX, AQUIS UK and Wiener Börse. ETC Group is backed by a number of major London-based financial institutions. Shareholders include firms such as XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets. ETC Group’s securities are marketed by HANetf.