Blockchain Press Releases
KryptoGO Launches AI-Powered One-Stop Web3 Cloud Solution
KryptoGO Studio Addresses the Three Major Challenges of Web2 Businesses Upgrading to Web3
TAIPEI, Sept. 1, 2023 /PRNewswire/ — Today, KryptoGO announces the launch of its new AI-powered cloud solution for diverse Web3 enterprise scenarios – KryptoGO Studio (hereinafter referred to as KG Studio). The solution offers a one-stop, secure, and compliant peer-to-peer marketplace application. It addresses the three key challenges faced by global Web2 businesses entering the Web3 domain: identity interoperability, technical security, and user experience, by providing intelligent solutions.
KryptoGO is one of the few industry players that drive innovation with a core focus on regulatory technology. Having gained support from the National Development Fund and launched a cross-chain wallet last year, the company is now upgrading its brand services to accelerate enterprise enablement. With KG Studio, KryptoGO aims to provide the customer journey and user experience required for entry into the Web3 market. The enterprise-level application offers rapid, secure multi-chain wallets, compliance technology, encrypted financial management, innovative NFT marketing tools, user management, and intelligent analytics. All these features aim to empower businesses to succeed in the era of Web3+AI.
Founder and CEO Kordan Ou stated: “Utilizing AI can accelerate the resolution of the pain points Web2 businesses encounter when entering the Web3 realm, serving as a powerful tool. KG Studio is not just a technical solution but also a strategic partner. It helps businesses take the lead in entering the Web3 era, reducing costs and accelerating market entry. The platform offers a user-centric design, robust security and privacy measures, and flexible cryptocurrency fund management, ensuring businesses maintain a competitive edge in the rapidly evolving Web3 world.”
AI-Enabled Solutions for Overcoming the Challenges of Transitioning from Web2 to Web3
During the launch event, KryptoGO identified three significant challenges that have deterred Web2 businesses from entering the Web3 domain: First, the issue of identity and data interoperability between Web3 on-chain and Web2 off-chain, a problem KryptoGO has been addressing through its KYC/AML compliant technology. Second, the high technical barriers around cryptocurrency management for Web2 businesses interested in transitioning to Web3. Third, the necessity for a better user experience in Web3 compared to Web2, which sets higher challenges for brand owners facing user retention and acquisition. These challenges have held back some Web2 businesses from entering the Web3 metaverse.
Kordan Ou believes that AI and the applications based on large language models (AIGC) are accelerating the digital transformation of all enterprises. The fusion of AI and blockchain grants new generational capabilities to various applications, leveraging unprecedented productivity growth brought by AI while combining the security and transparency provided by blockchain. This synthesis can offer stronger efficiency, trust, and management across different industries, from traditional financial investment and cross-border payment CeFi and DeFi applications to various GameFi scenarios based on game ecosystems, IP, P2E, social, NFT, etc.
According to data from Emergen Research, the global Web 3.0 market reached $3.2 billion in 2021 and is expected to grow rapidly, possibly reaching $81.5 billion by 2030. The rapid growth is mainly due to advancements in AI and blockchain technologies, increased usage of cryptocurrencies, and a demand for more secure transaction methods across various industries. By 2030, the market combining blockchain and AI could reach $9.807 billion. Companies pioneering new business models using these two technologies have the opportunity for rapid growth.
Primarily in technological transformation, AI accelerates learning and adaptation to new blockchain technologies, aiding developers in quickly mastering the required knowledge. In the security domain, AI can identify abnormal transaction patterns and potential security risks, enhancing the security of blockchain systems. In compliance, AI can automatically verify identities and data, reducing human errors and non-compliance, particularly important under blockchain industry regulations. Additionally, AI can analyze large volumes of data, provide insights, and assist operators in adjusting business models to align better with market demands.
KG Studio’s Five Key Features Addressing Three Major Challenges in Enterprise Transformation and Upgradation
KryptoGO is taking the lead in launching this one-stop service against such trends. KG Studio has formulated five major modules for front-end, middle-end, and back-end enterprise scenarios. The application of AI runs through each service, resolving the longstanding three major challenges and pain points. These modules and features include:
- User 360: Focused on user understanding and analysis, offering customizable analytics charts for enterprises to conduct deep data analysis and insights. Advanced analytics features help enterprises better comprehend user behavior and market trends, enabling precise market and user demand positioning.
- AssetPro: Tackling the complexity of asset management and operations, AssetPro simplifies on-chain fee (e.g., Gas Fee) management and provides financial scheduling for NFT and token airdrops. This enables businesses to operate assets in the Web3 world more flexibly and conveniently.
- Compliance: Resolves concerns around compliance and security by integrating KYC verification and providing identity and personal data management, especially for KYC requirements in On-ramp and Off-ramp financial flows. This ensures transactional compliance and security.
- NFT Boost: By offering NFT collection management and multi-chain support, businesses can easily create, manage, and sell their own NFT projects, breaking down barriers in establishing and promoting the NFT market.
- Wallet: Addresses the complexity and inconvenience of multi-chain wallets by offering a one-stop multi-chain wallet solution. Features include community marketplaces for NFT trading, enriched user experiences through social chat interaction, and enterprise-level wallet management mechanisms.
Bundled Solutions for GameFi and DeFi
KryptoGO introduces bundled solutions for both GameFi and DeFi industries. The KG Studio Lite offers a lightweight, modular design for rapid deployment, aiding businesses in quickly setting up branded wallets, NFT activities, customer management, and providing visual data reporting. KG Studio Pro offers a comprehensive one-stop solution from customer journey to internal operations, including custom solutions based on diverse client needs.
Brand Upgrade and Comprehensive Empowerment
KryptoGO’s Founder and CEO stated: “KryptoGO has gained deep insights into the challenges faced in entering the Web3 space from long-term mutual growth with Taiwan and global users. Supported by national development and venture funds, we actively collaborate with industry partners, associations, governments, and regulatory bodies to drive innovation in compliance technology and AI research. Through KG Studio, we have achieved on-chain and off-chain integration, aligning with our vision for a decentralized omnichannel. In 2023, our collaboration with YGG Japan led to the launch of a GameFi asset management system, not only enhancing user control and asset security but also facilitating the rapid entry of new users into Web3.”
After its brand upgrade, KryptoGO focuses on three core businesses: First, continuing to offer KYC/AML compliant tech services for the financial and banking sectors to improve efficiency and ensure compliance; second, providing a one-stop solution for businesses transitioning from Web2 to Web3, helping them overcome market entry and technical barriers while offering the best Web3 experience to their brand users; and lastly, offering wallet services to end Web3 users to solve issues related to security and interconnectivity. KryptoGO has also comprehensively integrated AI technology into its workflow and products to efficiently assist clients in resolving issues encountered during their growth stages.
About KryptoGO
KryptoGO is a leading brand advocating for the construction of a secure, transparent, and trustworthy Web3 world. Founded in 2019, KryptoGO utilizes blockchain technology, artificial intelligence, and regulatory technology to create a secure, reliable, and fully transparent decentralized virtual asset management platform for Web3 individuals and businesses. It serves as a robust bridge connecting on-chain assets with offline applications. The core engineering team has an average of over 10 years of development experience and hails from globally renowned internet companies and champions of Olympiad-level programming contests. They bring rich experience in open-source project development (with Github projects totaling over 25,000 stars), over 6 years of blockchain development experience, and hold more than 10 patents in artificial intelligence and blockchain. KryptoGO has not only achieved ISO 27001 and 27701 international certifications but also has attracted significant investment from capital sources like the National Development Fund, pushing its valuation over a hundred million. Current clients include banks, venture capital firms, and numerous virtual asset service providers. Its strategic partners are located both domestically and internationally, including the largest Web3 gaming guild YGG’s Japanese gaming guild, YGGJ.
Official Website: https://kryptogo.com
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Blockchain Press Releases
Bybit x Block Scholes Report: BTC Options Steady with Call-Put Parity, ETH Braces for Short-Term Volatility
DUBAI, UAE, Jan. 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report in collaboration with Block Scholes. The report sheds light on key trends in open interest and market behavior during the significant year-end options expiration for Bitcoin (BTC) and Ethereum (ETH).
Key highlights:
Open Interest Solid Amid Year-End Options Expiration
Although open interest in BTC and ETH perpetual swaps has not returned to the early December 2024 highs, it remained stable during the critical year-end options expiration. This stability suggests that traders did not heavily rely on perpetual contracts to hedge the delta of expiring options, which contributed to the muted volatility observed during this period. Trading volumes dipped during the winter holiday season, aligning with a collapse in realized volatility, which reached its lowest levels of December.
BTC Option Curve Remains Steep During Call-Put Parity
Contrary to expectations, the expiration of December’s options did not spark a surge in volatility. Instead, realized volatility declined to the lower end of its recent range. The implied volatility term structure for BTC options remains steep, with longer-dated implied volatility hovering around 57% and 1-week at-the-money options trading approximately five points lower. Most of the expired open interest has not been reinvested, maintaining a neutral call-put balance. As a result, BTC’s options market shows limited leverage compared to its position at the beginning of December 2024, reflecting a cautious sentiment.
Huge ETH Option Expiring Doesn’t Cause Volatility
Despite the substantial expiration of ETH options in late December 2024, market dynamics remained stable. A spike in realized volatility during December failed to extend into the new year, with ETH’s spot price currently showing lower volatility compared to short-tenor implied volatility. Over the past week, the implied volatility term structure for ETH options has shifted, steepening briefly before flattening again, diverging from BTC’s consistently steep profile. This pattern suggests that ETH’s options market is bracing for potential short-term volatility in spot price movements.
Interestingly, despite the expiration, call options for ETH have gained momentum at the start of 2025, dominating the market and indicating an optimistic outlook among traders.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full Bybit x Block Scholes Crypto Derivatives Analytics Report.
#Bybit / #TheCryptoArk / #BybitLearn / #BybitResearch / #BTC100K
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
KuCoin Launches KuCoin Pay, a Merchant Solution Leading the Future of Crypto Payments
VICTORIA, Seychelles, Jan. 2, 2025 /PRNewswire/ — In a significant leap forward for digital commerce, KuCoin has unveiled KuCoin Pay, a pioneering merchant solution designed to catalyze business growth by integrating crypto payments into the retail sector. This innovative system bridges the gap between traditional retail and crypto, offering contactless and borderless transactions. Leveraging KuCoin’s robust infrastructure—trusted globally and serving over 37 million+ users – KuCoin Pay is poised to open new opportunities for merchants and users to thrive in the evolving digital economy.
KuCoin Pay is committed to reducing transaction fees and facilitating immediate settlement of crypto payments, simplifying the process for businesses to manage transactions efficiently. The platform supports an extensive range of cryptocurrencies and blockchain networks, significantly broadening the global reach of payments.
The process for merchants is straightforward: integrate KuCoin Pay into their payment systems, allowing customers to complete purchases through KuCoin by scanning a QR code or via the KuCoin app. This integration ensures a frictionless checkout experience, fostering greater consumer confidence and satisfaction.
Additionally, KuCoin Pay is integrated within the KuCoin app, enabling businesses to tap into KuCoin’s extensive user base while simplifying the buying process for everyday items for users. Daily requests such as gift cards and mobile top-ups can be done seamlessly, further promoting widespread crypto adoption.
KuCoin Pay represents a major milestone in driving the mainstream adoption of crypto and marks a pivotal step in KuCoin’s ongoing commitment to enriching the blockchain ecosystem. For more information on KuCoin Pay and how it can transform your business, please visit the KuCoin Pay website.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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Blockchain Press Releases
KuCoin Advances the “Menstrual Equity Project”, Benefiting 4,000 Women in the Bahamas
NASSAU, Bahamas, Jan. 2, 2025 /PRNewswire/ — On December 31, 2024, the “Menstrual Equity Project” , jointly initiated by KuCoin, Global CSR Foundation, and the American Medical Women’s Association (AMWA), has made new progress. The second batch of aid supplies has been successfully shipped to the Bahamas, providing urgently needed sanitary products for 4,000 local women and effectively improving their quality of life.
The “Menstrual Equity Project” aims to offer sustainable menstrual hygiene solutions to marginalized women and girls, aligning with the United Nations’ Sustainable Development Goals (SDGs). As the oldest multi-specialty medical organization promoting women’s advancement in the medical field and improving women’s health, AMWA’s mission is in perfect alignment with KuCoin’s commitment to social responsibility.
With the support of the Office of the First Lady of Commonwealth of Bahamas H. E. Ann Marie Davis, this round of donated materials focuses on disposable menstrual pads. This decision reflects the local challenges of water scarcity and high washing costs, while also providing essential emergency supplies for women during natural disasters such as hurricanes and typhoons.
Since KuCoin made a firm commitment to social welfare initiatives during the “KuCoin Green Future Gala” at the 28th United Nations Climate Change Conference (COP28) in 2023, the company has actively fulfilled its corporate social responsibilities. The “Menstrual Equity Project” has become a key initiative under this commitment.
In March 2024, the project’s first phase was implemented, distributing 1,000 menstrual kits—each containing 10 sanitary pads and 2 menstrual cups—to Suriname, St. Jude Children’s Research Hospital, and domestic violence shelters in New York and California.
The smooth delivery of the second batch of supplies to the Bahamas will benefit 4,000 women.
Jing Zhao Cesarone，President of Global CSR Foundation, commented:”KuCoin has set a remarkable example in addressing period poverty in underserved regions, demonstrating its enthusiasm and dedication to social responsibility.”
Nancy Cheung, KuCoin’s Chief Sustainability Officer (CSO), emphasized:”As a global leader in the digital economy, KuCoin is committed to advancing the UN’s Sustainable Development Goals (SDGs). Looking ahead, we will continue to focus on key areas such as climate change, health, and education, driving more philanthropic initiatives to fruition. We also plan to expand the scope of the ‘Menstrual Equity Project,’ collaborating with more international organizations to improve women’s living conditions and contribute to global sustainable development.”
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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