Blockchain Press Releases
Born for Initial Launches: Coinstore’s Brand Launch Conference Comes to a Successful Conclusion
SINGAPORE, Sept. 13, 2023 /PRNewswire/ — On September 12, the crypto field ushered in an exciting moment. Serving emerging markets, Coinstore’s Brand Launch Conference 2023 successfully concludes at Singapore’s Fullerton Hotel. After more than two years of development, Coinstore makes its global brand debut.
As one of the fastest growing trading platforms in 2022, Coinstore unites high-quality premium assets to empower global project launches. Coinstore strives to make transactions easier, make assets safer, and make cryptocurrency accessible to every corner of the world.
Coinstore Reaches A New Milestone in This Global Debut
As the brand’s debut, Coinstore announced its new brand revelation, product upgrades and future strategies for the outside world. The venue was packed and the press conference saw many industry experts. More than 100 venture investors, over 50 well-known companies, and a total of more than 400 crypto enthusiasts gathered to witness Coinstore’s brand milestone.
James, Coinstore’s Global Head of Business Development, introduced the brand’s development history as well as its future brand strategy and vision. Since Coinstore launched its spot trading system, it has served more than 500 global projects and provided transactions for 3.6 million crypto enthusiasts in 175 countries and regions.
In order to announce the Coinstore brand to the world, Coinstore’s Business Development Associate Director, Manfred Chew, introduced new brands and products. Coinstore represents the future of cryptocurrency trading. Named the Best Exchange in Asia by Crypto 306 and the Best Rising Star by Crypto Expo, Coinstore is revolutionizing the world of crypto finance. Coinstore uses innovative products to provide crypto enthusiasts with a one-stop solution for cryptocurrency trading, protect the security of users’ assets, screen high-quality assets for users, and allow more high-quality assets to be launched on Coinstore.
Regarding the discussion of cryptocurrency infrastructure, Jide Fashola from Cardano delivered a keynote speech and believed that cryptocurrency represents the future of currency and ensures secure and fast direct transfers through blockchain technology. Advancing the construction of public digital infrastructure, cryptocurrency serves as a practical tool in financial and social systems. It provides facilities for fair financial services to everyone, thereby fostering greater financial inclusivity.
In the impassioned discussion titled “The Evolution of Web3 Gaming and Upcoming Trends to Look Out For” roundtable session, guests discussed the evolution of Web3 games, communicated about the current situation of Web3 games, and shared solutions for the transition of games from Web2 to Web3. They also analyzed upcoming trends in Web3 gaming and delved into the evolution of its tokenomics, all aimed at collectively driving the development of Web3 gaming.
To explore the functioning of decentralized gaming, Daniel Oon, the head of My Neighbour Alice, delivered a keynote speech titled “The Decentralized Game.” In it, he shared insights into the logic of decentralized gaming and discussed the importance of focusing on user self-expression and collaboration when building fully decentralized games. Targeting Web3 users, the ability to create NFTs for self-expression was emphasized, ultimately paving the way for users to build their own Web3 worlds.
In another roundtable discussion titled “With The Integration of AI With Blockchain, How Will This Impact The Trend of The Crypto Market and How Do We Expect It To Evolve”, the guests discussed how artificial intelligence brings more possibilities to cryptocurrency, further increasing the use value and popularity of cryptocurrency.
Discussing the trends of artificial intelligence’s impact on cryptocurrency, the event provided crypto enthusiasts with deeper insights into digital currencies and Web3 considerations.
As Web3 becomes a trend and asset security emerges as a pressing issue in the crypto sphere, Liu Yang, the head of MetaTrust Labs, delivered a talk titled “Builder-first Web3 Security.” Noting the increasing number of crypto-related hacks, Liu Yang addressed the unique characteristics of Web3—its unregulated, irreversible, transparent, and open nature—which make assets vulnerable to attacks. He provided the crypto enthusiasts in attendance with valuable insights into Web3 security considerations.
Facing the bear market in the crypto circle, Joey Cheah, head of NoahSwap, said in her speech that the cryptocurrency market is facing growing challenges, with 70% of holders suffering capital losses in the bear market in 2022. NoahSwap aims to accept the challenges of crypto investment and assist Global users reduce investment losses.
The successful execution of Coinstore’s brand launch event marks the emerging brand’s challenge to industry giants, offering more choices to crypto users. Coinstore’s global brand debut also accelerates its positioning in the crypto and Web3 landscapes.
Empowering high-quality premium assets for its global debut
Born in a bull market and steadfast in a bear market, Coinstore has rapidly risen to become one of the fastest-growing trading platforms in the past two years. Since launching its spot trading system on June 11, 2021, Coinstore has provided trading services to crypto enthusiasts in 175 countries or regions, with Indonesia, India, and Nigeria emerging as the top three countries in terms of registered users.
Focusing on emerging markets and empowering high-quality assets, Coinstore has built itself into the world’s leading exclusive premium listing platform. The slogan is “The First Choice For the Initial Launch”. Through meticulous screening and expert evaluation, Coinstore lists quality premium assets for its users.
Coinstore provides VIP services for online projects, and has a dedicated delivery department to provide one-to-one services for projects and assist in the overall listing, marketing and operation of the project. This is also the basis for Coinstore to select high-quality projects for its users.
Coinstore remains committed to simplifying trading, securing assets, and unearthing quality assets for its users, leading to the inception of Coinstore Launchpad. As of September 5, 2023, Launchpad projects have seen an average oversubscription rate of 227% this year, with the best-performing project, SOIT. As of June, projects launched on Prime have seen an average value increase of 1071%. Launchpad has become one of Coinstore’s most popular and successful products.
To disseminate knowledge about blockchain and Web3 and to bring cryptocurrency understanding to a broader audience, Coinstore has launched two major offline events: “CS Connect” and “Cryptalk.” In 2023, Coinstore aims to expand its reach by hosting over 30 Cryptalk events and 50 CS Connect events, covering more than 20 countries.
Coinstore continuously rolls out financial innovations with the aim to offer more inclusive digital financial services to its global user base. In March 2022, Coinstore launched Web 3.0, utilizing wallets as a gateway to bridge the gap between centralized and decentralized exchanges, thereby offering users a one-stop solution for digital asset management.
Coinstore will continue to build a Web3 security ecosystem, adhere to technological product innovation under the premise of legal compliance and controllable risks, create a new secure digital world, and promote the application of Web3 and other technological innovations.
In the name of blockchain technology, the power of Web3 technology for good is unleashed. Coinstore firmly believes in the power of crypto to bring cryptocurrency ownership to more people and make it universally accessible in every corner of the world.
Since its inception, Coinstore has been quietly contributing to empowering the emerging world with crypto strength. With the global launch of Coinstore’s brand event, it proclaims the magical power of crypto to the world. One small step for the crypto community, one giant leap for Coinstore. Together, we witness the alternating bull and bear markets and the transformative impact of the crypto world.
TAIPEI, Oct. 2, 2023 /PRNewswire/ — Base’s new killer DApp, the decentralized social network Friend.tech, is breaking transaction records with record adoption, but is being targeted by hackers and scammers through phishing attacks.To raise awareness of the importance of hardware wallet protection and promote its powerful Web3 SmartScan transaction screener, CoolWallet has launched a Web3 Guardian competition.
Coinbase’s new Ethereum layer-2 chain, Base, has become a favorite for DApp developers and early investors due to its outstanding performance and the innovative projects it attracts. One DApp in particular, the decentralized social media platform Friend.tech, has driven the bulk of its growth in recent weeks. helping Base repeatedly reach new transaction volume highs despite difficult market conditions.
Friend.tech’s rapid rise has garnered widespread attention- according to the latest data, the daily active user (DAU) count of friend.tech have surpassed the million mark, with its transaction volume consistently hitting new records and its total value locked (TVL) now surpassing $35 million.
However, with any crypto trends comes new security risks, in this case a familiar foe, phishing attacks. This type of social engineering attacks dominate crypto thefts, which by June 2023 had already hit the $650 million mark across the Web3 sector. This month alone has already seen successful attacks targeting high-profile victims Mark Cuban and Vitalik Buterin and stealing millions in the process.
As a result, Base and Friend.tech users are urged to use a reputable hardware wallet to secure their tech digital assets by protecting their private keys and screening transactions.
In response, hardware wallet maker CoolWallet, which natively supports the Base ecosystem, has launched an anti-phishing campaign titled Web3 Guardian Competition to create awareness and promote its unique defense capabilities such as CoolWallet SmartScan, which proactively screens all Web3 transactions and flags malicious behavior or smart contract vulnerabilities before users are exploited.
How Friend.tech works
Friend.tech has garnered a cult following among crypto enthusiasts as one of the first decentralized social networks to be built on the Base blockchain. It’s powered by blockchain and smart contracts, where users must buy “shares” of another person in order to chat with them. Its tagline is “Your network is your net worth”.
To use Friend.tech, users must first sign up with their Twitter (X) account, create a profile and then start trading shares of other users who have also signed up. A user’s share price is determined by factors like their popularity, reputation, and overall demand.
Buying shares of another user gives you access to them, allowing you to message them directly and chat. The more shares you buy, the higher a priority your messages will be.
Friend.tech recommends hardware wallet protection
With crypto phishing attacks claiming even high-profile victims such as Vitalik Buterin and Mark Cuban as victims in recent weeks, it’s no surprise that Friend.tech also places great emphasis on asset security.
It therefore recommends that users utilize a hardware wallet for enhanced protection against threats like phishing sites. Storing assets offline makes them less accessible to online hackers, thus offering greater security.
CoolWallet’s SmartScan Flags Web3 Phishing Threats
CoolWallet (established in 2014) has since the launch of its CoolWallet Pro flagship model in 2021 pivoted strongly to securing Web3 assets, which requires users to interact with DeFi protocols that could potentially drain their accounts if they authorize the wrong transaction.
CoolWallet Pro in particular makes for an ideal Friend.tech hardware wallet as it’s one of the first cold wallets to support the Base network, and boasts several elite security features, such as:
- an EAL6+ secure element
- biometric verification (both on phone and device)
- tamper proof and waterproof design
Importantly, its CoolWallet App comes with real-time Web3 transaction analysis scanning called Web3 SmartScan.
While cold storage is as safe as can be, the biggest vulnerability remains human error or a lapse in judgment, where the user is tricked into authorizing a bad transaction or revealing their recovery seed or private key to a bad actor.
CoolWallet’s SmartScan, available on its CoolWallet App, provides Web3-native protection against phishing attempts. It automatically screens transactions and flags attempted phishing, suspicious transactions and smart contract vulnerabilities. This makes using cold storage even safer to use, and elevates CoolWallet above other hardware wallet brands.
Web3 Guardian Competition- Secure Your Crypto for the Next Bull Run!
To promote Web3 asset protection among blockchain users and help them safeguard their crypto portfolio with SmartScan until the next bull run, CoolWallet is launching a global new competition aimed at enhancing user security awareness with generous rewards to participating users.
For more details, please visit their website’s event page or X (Twitter) account
About Base:
Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users on chain.
About Friend.tech:
Friend.tech is an emerging DApp focused on social interactions and cryptographic asset management. It provides users with a secure and efficient blockchain platform. The platform currently operates on the Base chain and is continuously expanding its features and user base.
About CoolWallet
CoolWallet is a pioneering Web3 hardware wallet brand established in 2014 by CoolBitX that offers users the comfort of convenient and fully portable cold storage of all digital assets, including DeFi and NFT crypto assets.
CoolWallet Pro is a flagship Web3 hardware wallet that boasts a wafer-thin smart card form factor, an EAL6+ secure element, military-grade Bluetooth encryption, and a tamper proof and water-resistant exterior, while its custom CoolWallet App offers users a choice of DeFi marketplaces, DApp support and real-time transaction screening.
CONTACT: Domo Zhuang, [email protected]
Photo – https://mma.prnewswire.com/media/2234341/1600x900_EN__1.jpg
Blockchain Press Releases
Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.
About Webb
Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.
The Challenge and Our Solution
Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.
Why Tangle Network?
Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:
- Proof Generation: Delegate computational tasks to our validators.
- Trusted Setups: Tangle Network manages complex ceremonies for you.
- Secure Signing: Utilize our threshold signing for cross-chain operations.
By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.
Noteworthy Features
- Unparalleled speed, security, and scalability via Substrate.
- Decentralized control through Distributed Key Generation (DKG).
- Advanced protocols for zero-knowledge applications.
- Cross-chain compatibility with IBC and XCM.
- Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
- Smooth, forkless upgrades.
What’s Next?
The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.
Testnet Quick Links
- Whitepaper: Read here.
- Get Started: PolkadotApps for Tangle Network
- Documentation: docs.webb.tools
Get Involved
- Developers: Start building on Tangle today. Learn More
- Validators and Relayers: Help secure and maintain the network. Learn More
- Join the Community: Follow us on Twitter or join our Discord.
Contact Us
For media inquiries, partnerships, or more information, email us at [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/webb-unveils-tangle-network-testnet-pioneering-the-future-of-private-decentralized-applications-301940846.html
Blockchain Press Releases
ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”
The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).
Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.
Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.
Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges. ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.
For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article
About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.
CONTACT: Jacelynn Pang, [email protected]
Logo – https://mma.prnewswire.com/media/2190026/ChainUp_A_Full_Colour_V_Logo.jpg
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