Blockchain Press Releases
iPeakoin Expands Global Presence with New Office in Singapore
SINGAPORE, April 24, 2024 /PRNewswire/ — iPeakoin, a leading enterprise-level cash management platform at the forefront of technology, was this week pleased to celebrate the opening of its new office in Singapore, further extending its international reach.
iPeakoin Chief Executive Officer Michael Wu and other senior company executives hosted a reception on April 23rd in the City of Singapore to welcome guests from across the Asia financial and business community. The move comes as part of the fintech firm’s strategy to tap into new revenue streams worldwide and to foster a long-term partnership with local businesses, finance institutions and government.
Since its establishment in 2019, iPeakoin has consistently achieved profitability, marking a significant milestone in 2022. Additionally, this year witnessed a remarkable 350% increase in total transaction volume for iPeakoin, complemented by substantial growth in its customer base and profit margin.
As an emerging fintech, iPeakoin has focused on building a seamless infrastructure to bridge the traditional finance and cryptocurrencies. With its wallets, cards and accounts, iPeakoin has helped startups and traditional financial institutions move forward by removing the barriers that prevent them from realizing the benefits of cryptocurrencies.
Singapore, renowned for its robust regulatory framework, technological infrastructure, and thriving fintech ecosystem, presents an ideal location for iPeakoin to further enhance its innovative offerings. By establishing a local presence, iPeakoin aims to leverage its expertise and experience to address the unique needs and challenges of the Asian market.
“We are thrilled to locate our Singapore headquarters to this prestigious location,” said Michael Wu, the CEO of iPeakoin. “The new office space will not only accommodate our growing team but also provide an ideal setting for fostering creativity and driving forward our mission to revolutionize the financial technology industry. We look forward to cementing our presence in Asia to support the needs and business growth of our customers and partners.”
The expansion into Singapore builds upon iPeakoin’s continued growth and success in revolutionizing the financial services landscape worldwide. With its proven track record of success and dedication to innovation, iPeakoin is poised to play a pivotal role in driving forward the future of finance in the region and beyond.
About iPeakoin
iPeakoin is a licensed FinTech platform that drives the innovation of crypto payments. It has now expanded its business to over 180 countries/regions, serving more than 15,000 companies.
Aiming to build a unified financial infrastructure of both fiat and cryptocurrency, iPeakoin creates a scalable Card-as-a-Service to bring crypto further into mainstream financial services and helps crypto businesses build stronger connections with end users.
iPeakoin also completed a series A funding round in 2023 for its global expansion plans and products and solutions development. The funding round was led by Zhenfund.
In addition to its headquarters in Singapore, iPeakoin has offices in the US, Hong Kong, and Luxembourg, as well as partnerships with top-tier banks & financial institutions worldwide.
For more details visit: https://www.ipeakoin.com
Contact: [email protected]
Photo – https://mma.prnewswire.com/media/2395899/20240424_122234.jpg
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
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