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Blockchain Press Releases

iPeakoin Expands Global Presence with New Office in Singapore

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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.

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“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.

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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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Cision View original content:https://www.prnewswire.co.uk/news-releases/ipeakoin-expands-global-presence-with-new-office-in-singapore-302125697.html

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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Blockchain

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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