NASSAU, Bahamas, May 2, 2024 /PRNewswire/ — Deltec Bank and Trust Limited (“Deltec Bank”), a leading private and corporate bank, announced today that it has successfully completed and passed the American Institute of Certified Public Accountants (AICPA) System and Organization Controls (SOC 2) Type 1 certification, demonstrating the strong security posture of the bank. 

“Deltec Bank is deeply committed to robust security measures and data protection,” said Odetta Morton, CEO of Deltec Bank. “Our pursuit and receipt of this certification from an independent auditor is a signal to all stakeholders and the marketplace of Deltec’s vigilance and strong security.”   

The audit evaluated Deltec’s service commitments and system requirements under a set of trust services criteria, which are described in the auditor’s report as follows:

Security: Information and systems are protected against unauthorized access, unauthorized disclosure of information, and damage to systems that could compromise the confidentiality of information or systems and affect the entity’s ability to meet its objectives.

Confidentiality: Information designed as confidential is protected to meet the entity’s objectives.

Availability: Information and systems are available for operation and use to meet the entity’s objectives. 

About Deltec Bank and Trust

Founded in 1946, Deltec Bank and Trust Limited (Deltec Bank) is a leading private and corporate bank, specializing in forward-thinking financial and wealth planning solutions for high-net-worth individuals.

In addition to having the highest financial expertise, Deltec Bank is dedicated to accelerating the growth of global innovation, leveraging an expanded ecosystem of regulated financial services covering multi-currency and digital banking, investment management supported by institutional-grade trading and payments.

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VICTORIA, Seychelles, May 2, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, reaffirms its commitment to transparency and demonstrates continuous user asset growth with its latest April 2024 Proof of Reserves (PoR) update. The update showcases Bitget’s unwavering dedication to maintaining robust reserves, ensuring the security of user assets amidst the dynamic crypto landscape.

The April 2024 PoR report reveals a total reserve ratio of 176%, with ratio for BTC and ETH reaching 335% and 229% respectively. The latest update also unveils a significant increase in the user assets of USDT and ETH, as both figures grew as much as 51% and 46% since January 2024, showing strong momentum in user confidence and growth.

Gracy Chen, Managing Director at Bitget, emphasized the significance of the latest PoR update, stating, “Bitget is unwavering in its commitment to transparency and financial stability. Our latest PoR update reinforces our dedication to safeguarding user assets and upholding the highest standards of accountability. With a total reserve ratio of 176%, Bitget continues to lead by example in the cryptocurrency exchange industry.”

The regularly updated reserve ratios for prominent cryptocurrencies, including BTC, ETH, USDT, and USDC, underscore Bitget’s commitment to providing users with a secure and transparent trading environment. Bitget’s dedication to transparency extends beyond PoR disclosures. The exchange has also established a Protection Fund and publishes monthly valuations to further enhance user protection and mitigate potential risks.

As of April 22, 2024, Coinmarketcap reports that Bitget’s total reserves exceed $2.7 billion, consolidating Bitget’s position as a reliable and trustworthy cryptocurrency exchange. By conducting routine audits, Bitget ensures continuous visibility and upholds its responsibility to openness and accountability.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord | Bitget Wallet

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• Undisclosed Investment From Binance Labs Follows Movement’s $38M Series A Funding Round

SAN FRANCISCO, May 1, 2024 /PRNewswire/ — Movement Labs, a San Francisco-based blockchain development team, today announced an investment from Binance Labs. These investments closely follow Movement Labs’ successful $38m Series A funding round as the company continues to gain momentum in its mission to bring ‘Move Everywhere.’

Founded in 2022, Movement is building an ecosystem of Modular Move-based blockchains, starting with M2, the first Move Virtual Machine L2 for Ethereum. Movement will use the funds to expand its suite of open-source tooling, frameworks, and protocols to facilitate the adoption of the Move programming language across broader blockchain ecosystems. With Movement, developers can launch secure, performant, and high-throughput Move VM rollups as easily as they do smart contracts.

As part of its global expansion strategy, Movement Labs is placing a strong emphasis on the Asia-Pacific (APAC) region, recognizing the immense potential and talent within the Move development community. The company is committed to championing and supporting Asian Move developers, providing them with the resources, education, and opportunities needed to showcase their exceptional work and contribute to the growth of the Move ecosystem.

“We are thrilled to welcome Binance Labs as an investor,” said Rushi Manche, Co-Founder of Movement Labs. “Their support and expertise will be invaluable as we continue to execute our ‘Move Everywhere’ strategy, starting with a focus on the vibrant and innovative APAC market. By empowering and collaborating with the talented Move developers in the region, we aim to accelerate the adoption of Move and unlock new possibilities for the entire ecosystem.”

For more information about Movement Labs and a guide to participate in its devnet, please visit: movementlabs.xyz and follow on X @movementlabsxyz and on Discord. Connect with us at movementlabs.xyz  to discuss global business opportunities.

About Movement Labs:
Co-founders, Rushi Manche and Cooper Scanlon, early builders in the Move ecosystem, founded Movement Labs in 2022 as the first integrated blockchain network, powering the fastest and most secure Layer 2 on Ethereum. Designed to pair smart contract security and parallelization with EVM liquidity and user bases, Movement is bringing the MoveVM to Ethereum through its flagship L2 and connected rollups with the Move Stack.

About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

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