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Blockchain Press Releases

Coins.ph Joins Forces with Licensed Exchanges in Southeast Asia, Advancing Compliant Services in the Region’s Digital Asset Industry

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MANILA, Philippines, Dec. 15, 2023 /PRNewswire/ — Coins.ph, the leading cryptocurrency exchange in the Philippines, has established the Digital Asset Exchange Alliance (DAEA) together with other prominent licensed exchanges in Southeast Asia (SEA), namely Coinhako (Singapore), Indodax (Indonesia) and Bitkub (Thailand).

“Coins.ph is excited to work with our Southeast Asian counterparts in advancing the responsible and secure use of cryptocurrencies, and promoting the development of user-friendly and compliant products for users,” said Wei Zhou, CEO of Coins.ph. “We believe that the combined efforts of this Alliance will contribute to building a stronger, more resilient cryptocurrency ecosystem in Southeast Asia,” he added.

The Alliance stands as a strategic partnership, signifying a notable advancement in unifying licensed exchanges across SEA. It aims to enhance regulatory advocacy by harnessing the collective expertise and experience of the four founding exchanges. Additionally, it seeks to foster collaboration by sharing protocols and best practices, thereby elevating service quality and bolstering security measures.

Furthermore, the Alliance is committed to educating users about the benefits of trading on licensed exchanges and the importance of following regulatory guidelines. This extends to promoting financial literacy, consumer protection and responsible trading practices in the crypto space.

“This Alliance is a significant milestone for Coinhako and the entire cryptocurrency industry. We believe that licensed exchanges have a vital role to play in fostering trust and growth in the crypto space. By collaborating with Coins.ph, Indodax, and Bitkub, we are taking a monumental step towards building a safer and more transparent ecosystem for users in the region,” stated Coinhako CEO Yusho Liu. 

The blockchain space continues to evolve, with a growing emphasis on regulatory compliance and a commitment to providing secure and trustworthy platforms. Coins.ph along with Coinhako, Indodax, and Bitkub have distinguished themselves by placing great emphasis on security and trust through obtaining licenses from their respective regulatory bodies.

“Bitkub is committed to providing a secure and compliant trading platform for our users. This Alliance is a significant step toward ensuring that the cryptocurrency industry in our region continues to evolve responsibly,” said Bitkub CEO Atthakit Chimphalapibul. “By working closely, we can create a significant impact on shaping the regulatory framework and fostering trust,” he added.

Bringing together these leading exchanges, the Alliance will embark on a collective mission to promote and advance digital asset adoption while adhering to the highest industry standards.

“We are thrilled to be a part of this initiative and we look forward to sharing our experiences in navigating the regulatory landscape in Indonesia. Together with Coins.ph, Coinhako and Bitkub, we aim to create a collaborative network of licensed exchanges that sets the industry standard for compliance and user safety,” shared Willam Susanto, CTO of Indodax.

The partnership between Coins.ph, Coinhako, Indodax, and Bitkub highlights the pivotal role of licensed exchanges in the global cryptocurrency landscape. By combining strengths, expertise, and commitment to regulatory compliance, these exchanges are well-positioned to take the lead in shaping the future of cryptocurrency adoption..

About Coins.ph

Coins.ph is on a mission to power the new internet with easy access to digital assets and web3 products. Launched in 2014, Coins.ph is the most established crypto brand in the Philippines and has gained the trust of more than 18 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services.

Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

Photo – https://mma.prnewswire.com/media/2301997/image_5025879_31379816.jpg

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Blockchain Press Releases

Flash News: OKX Hosts ‘Manta Trading Campaign’ Featuring USD20,000 Manta Token Prize Pool

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SINGAPORE, Feb. 26, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 24, 2024.

OKX Hosts ‘Manta Trading Campaign’ Featuring USD20,000 Manta Token Prize Pool

OKX today announced the launch of its ‘Manta Trading Campaign,’ giving users who complete tasks such as following OKX Web3 on social media, swapping and bridging tokens the opportunity to claim a share in a USD20,000 Manta token prize pool.

To have a chance to win a portion of the Manta token prize pool, users must trade tokens worth more than USD10 on the Manta Pacific chain. In addition, they must bridge tokens valued over USD10 to the Manta Pacific chain through OKX DEX. Participants are also required to engage in several social media tasks, including following OKX Web3 on X. All campaign details can be found here.

OKX announced that it has integrated Manta, an innovative Layer 2 privacy protocol, into its DEX offerings on January 27, 2024. This integration allows OKX DEX users to easily conduct on-chain swaps and cross-chain transactions via the Manta network.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

Logo – https://mma.prnewswire.com/media/2346768/image_5001747_39221740.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/flash-news-okx-hosts-manta-trading-campaign-featuring-usd20-000-manta-token-prize-pool-302070549.html

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Blockchain Press Releases

Flash News: OKX DEX Aggregator Now Supports Metis, a Layer 2 Scaling Solution for Ethereum

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SINGAPORE, Feb. 25, 2024 PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 25, 2024.

OKX DEX Aggregator Now Supports Metis, a Layer 2 Scaling Solution for Ethereum

OKX today announced that its DEX aggregator now supports the Metis network. This integration allows users swap tokens and conduct cross-chain transactions on the Metis network through OKX DEX.

By enabling on-chain swaps and cross-chain transactions on Metis Network directly through OKX DEX, user convenience is greatly enhanced. This latest addition also improves liquidity and offerings, as OKX DEX now connects with top DEXs on Metis, such as Hermes Protocol, NetSwap, Tethys, and Wagmi, covering 97% of the network’s liquidity.

Metis is a Layer 2 scaling solution for Ethereum, providing a more efficient and scalable platform for DApps and transactions. Unveiled in March 2023, Metis DAO’s hybrid rollup offers a range of benefits, including EVM equivalence, enhanced security, lightning-fast transaction confirmations and optimized capital efficiency. Metis’ native token, METIS, can be used for transaction fees, locking (staking) to become a sequencer and fraud challenge incentives.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit:  okx.com

Disclaimer

Logo – https://mma.prnewswire.com/media/2014295/OKX_Logo_Logo.jpg

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Blockchain Press Releases

AEVOLVE Labs: aelf’s New Incubator Spearheading Web3 Innovation

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Singapore-based aelf launches AEVOLVE Labs to nurture blockchain projects, bridging the gap between Web2 and Web3 with tailored support and mentorship

SINGAPORE, Feb. 23, 2024 /PRNewswire/ — aelf, a high-performance Layer 1, has launched AEVOLVE Labs, an incubator to identify and support promising blockchain projects. AEVOLVE Labs embraces a chain and vertical agnostic philosophy and is positioned to support diverse projects, ensuring meaningful reach and impact across various blockchain technologies and market sectors. Selected projects will be provided with bespoke mentorship, extensive networking opportunities, and funding support – all customised to meet their specific blockchain needs and enhance their innovative potential.

AEVOLVE Labs is strategically designed to identify and support early-stage blockchain projects building across any blockchain ecosystem, with the aim of realising a highly efficient and interoperable future. Through the incubator, projects will gain access to vital resources and support from aelf. The incubator also serves as a launchpad, enabling aspiring projects to become blockchain-enabled by overcoming common barriers to entry, such as limited domain knowledge, nascent infrastructure, and funding constraints.

AEVOLVE Labs adopts a tailored approach to support the unique requirements of each project, focusing primarily on three critical areas: product-market fit strategy, networking opportunities, and financial support:

  1. Product-Market Fit Analysis: Projects undergo a thorough assessment to ensure market alignment, with AEVOLVE Labs providing advice on marketing and operational strategy that is catered to each project’s success.
  2. Extensive Networking Community: The incubator facilitates connections between project founders and an extensive network of institutions, industry specialists, investment funds, communities and thought leaders in the Web3 space, which allows the exchange of valuable insights and the opportunities to collaborate or list their projects.
  3. Funding and Financial Strategy Support: Participants have the opportunity to seek funding from aelf Ventures’ $50 million Ecosystem Fund, the aelevate Gaming Grant, and external investors, opening the doors for projects to secure the necessary financial backing. Additionally, projects will receive comprehensive advice on revenue projection, fundraising strategies, and developing a sustainable tokenomics model, all aimed at building a strong financial foundation.

“Through AEVOLVE Labs, we want to provide a conducive avenue for projects to innovate within the blockchain space. This requires close collaboration between our team and the projects, and the incubator is structured to help these projects address specific pain points while providing strategic support. We are confident that AEVOLVE Labs will empower these projects to lead, enhance, and develop Web3 use cases that will benefit the entire ecosystem,” said Hazel Zhang, Head of Investment at aelf.

AEVOLVE Labs welcomes projects from diverse sectors, and applicants will be evaluated against predefined criteria to assess their potential value. Once selected, these projects will join aelf’s existing portfolio of incubation projects and participate in an incubation programme for a period ranging from 6 to 12 months.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/bgysa9xjvD 

About aelf

aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept. Incorporating key foundational components, including AEDPoS, aelf’s variation of a Delegated Proof-of-Stake (DPoS) consensus protocol; parallel processing; peer-to-peer (P2P) network communication; cross-chain bridges, and a dynamic side chain indexing mechanism, aelf delivers a highly efficient, safe, and modular ecosystem with high throughput, scalability, and interoperability.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of blockchain technology.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information or participation in aelevate. aelf reserves all rights not expressly granted in this press announcement.

Photo – https://mma.prnewswire.com/media/2346094/AEVOLVE_Labs_aelf_s_New_Incubator.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/aevolve-labs-aelfs-new-incubator-spearheading-web3-innovation-302069904.html

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