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Blockchain Press Releases

Bitget Partners with Upland to Launch Its Metaverse Headquarters with 888 Exclusive Properties

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VICTORIA, Seychelles, July 23, 2024 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, and Upland, the leading immersive Layer1 gaming platform, are excited to announce a strategic partnership centered around the launch of the utility token SPARKLET on Ethereum. This collaboration will include the establishment of Bitget’s virtual headquarters in the metaverse built by Upland, with extensive token airdrops and rewards for both Upland and Bitget communities.

The partnership signifies Bitget’s entrance into the metaverse, offering an immersive experience to its users. Bitget will establish the “Traders’ Hub” on Treasure Island, featuring the Bitget Headquarters and a captivating café with educational content. As part of this initiative, Bitget has purchased Treasure Island, the last unminted neighborhood in Upland’s San Francisco, comprising 888 properties. These virtual properties will be distributed as rewards in this exclusive location. This marks the final opportunity to receive unminted properties in the last unminted neighborhood of San Francisco, which was fully sold out two years ago.

To celebrate the partnership, a series of giveaway campaigns will be hosted, including:

  • Bitget Launchpool to Farm SPARKLET: Details on this will be announced soon.
  • Increased Rewards for SPARKLET Holders: Participants in the Launchpool will qualify for airdrops inside Upland.
  • Utility of SPARKLET in Upland: Users can stake SPARKLET for UPX rewards, build structures, or create no-code NFTs to increase their rewards.
  • Leaderboard for Additional Rewards: Bitget launchpool participants and other holders who bridge their SPARKLET to Upland will have a chance to win additional rewards, including properties on Treasure Island and an exclusive Bitget car replica NFT which can be used for racing and traveling within the Upland platform.

Additionally, eligible Upland users who owned SPARKLET prior to the Token Generation Event (TGE) will be rewarded with a special 3.5 million SPARKLET pool of tokens over the next six months. Bitget will further reward these users with a drop from a pool of $50,000 worth of Bitget Token (BGB).

“At Bitget, our support for crypto gems goes beyond a simple listing. We are dedicated to helping promising projects gain more visibility, users, and partners through our Launchpool, Launchpad, and various educational and reward initiatives. Our collaboration with Upland to create a Bitget-themed metaverse is a mutually beneficial and exciting endeavor. We aim to become the top choice for more emerging projects in the future, aiding them in creating a greater real-life impact.” says Gracy Chen, CEO at Bitget.

Upland’s co-founder and co-CEO, Dirk Lueth, captures the excitement: “At Upland, we love innovating with partners. Our initial discussions with Bitget made it evident that this would be a fantastic collaboration. Building out Treasure Island together and transforming it into a ‘Trader’s Hub’ using SPARKLET is a truly groundbreaking example of partnership-driven product development. This project showcases the power of collaboration to strengthen community bonds and propel Upland forward.”

About Bitget

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Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

About Upland

Unveiled in 2019, Upland is the leading immersive Web3 gaming platform for mobile, mapped to planet Earth with a mission to build the world’s largest digital open economy. Through strategic alliances with FIFA, the NFLPA, Stock Car Pro Series, UNICEF, The SANDBOX Bitget and others, Upland offers diverse activities, including virtual property trading, world-building, car racing, virtual shops, and rich, immersive social experiences. Upland has a strong creator and developer focus with a platform that connects to both Web2 and Web3 applications. $SPARKLET is Upland’s native utility token powering world building and value creation.

For more information, visit www.upland.me or download the mobile app on Google Play and the Apple Store.

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Blockchain

Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker

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Welcome to Blocks & Headlines, your daily op-ed–style briefing on the most significant developments in blockchain technology and the cryptocurrency industry. Today’s dispatch spotlights landmark privacy guidelines from the European Data Protection Board, Malaysia’s engagement with Binance’s founder to turbocharge digital finance, a groundbreaking blockchain reconstruction solution from MicroCloud Hologram, the impending launch of Nile Coin on Solana by Hyperscale Data’s subsidiary BitNile.com, and Trua’s AI-driven TruaBroker compliance platform. These stories underscore how regulation, infrastructure innovation, token launches, and compliance automation are shaping Web3’s next chapter.


1. EU’s Privacy Guardrails: EDPB Proposes Blockchain Data Access Guidelines

Source: Decrypt

The European Data Protection Board (EDPB) has published draft guidelines aimed at reconciling blockchain’s immutable architecture with GDPR’s privacy mandates. Key directives include avoiding on-chain storage of personal data when it conflicts with Data Protection by Design and by Default, conducting Data Protection Impact Assessments (DPIAs) for high-risk processing, and implementing organizational and technical measures to limit default data access to an “indefinite number of persons” Decrypt.

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Op-Ed Insight:These guidelines mark a pivotal moment. By mandating privacy-by-design and off-chain anchoring of sensitive information, the EDPB effectively pressures projects to adopt hybrid architectures—where on-chain transparency coexists with off-chain confidentiality. While defenders of pure decentralization decry potential censorship, privacy advocates hail these guardrails as essential to prevent authoritarian misuse of immutable ledgers. Ultimately, projects that bake data protection into their smart contracts and storage layers will secure both regulatory compliance and user trust.


2. Malaysia Taps Binance’s CZ for a Blockchain Finance Overhaul

Source: Bitcoin News

Malaysian Prime Minister Anwar Ibrahim has initiated high-level discussions with Changpeng Zhao (CZ), Binance’s founder and former CEO, to position Malaysia as Southeast Asia’s preeminent hub for tokenization and digital finance. The dialogue focuses on leveraging blockchain to modernize capital markets, streamline cross-border payments, and foster regulatory sandboxes that attract global Web3 startups Beamstart.

Op-Ed Insight: Engaging CZ signals Malaysia’s ambition to leapfrog legacy financial architectures by importing Binance’s exchange expertise and compliance playbooks. Yet success hinges on crafting balanced regulations that encourage innovation without compromising investor protection. If Malaysia can marry CZ’s technical insights with proactive oversight—such as clear licensing pathways for decentralized exchanges—it could catalyze a shift in regional capital flows from traditional finance hubs like Singapore to Kuala Lumpur.


3. MicroCloud Hologram’s VSS-Powered Blockchain Reconstruction Solution

Source: PR Newswire

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MicroCloud Hologram Inc. (NASDAQ: HOLO) unveiled an innovative blockchain reconstruction solution that employs Verifiable Secret Sharing (VSS) technology to split and distribute private key shares across distributed nodes. Four core components—VSS-based key sharding, redundant node storage, dynamic participant verification, and incentive-driven reward/penalty mechanisms—enable rapid, trustless restoration of blockchain data integrity following attacks or node failures PR Newswire.

Op-Ed Insight: As DeFi and on-chain finance proliferate, uninterrupted availability and data consistency have become paramount. MicroCloud’s VSS approach transforms reconstruction from a centralized recovery process into a decentralized protocol, minimizing reliance on any single custodian. This paradigm could redefine disaster-recovery benchmarks: imagine an exploited smart contract whose state is instantly rebuilt through pre-sharded secrets, preserving transactional continuity without manual key escrow.


4. BitNile.com to Launch Nile Coin on Solana Blockchain

Source: GlobeNewswire

Hyperscale Data, Inc. (NYSE American: GPUS) announced that its social gaming subsidiary BitNile.com will launch Nile Coin on Solana on May 1, 2025. Solana’s high throughput and low fees position it as an optimal platform for BitNile’s gaming ecosystems, where Nile Coin will fuel in-game economies, reward completions, and facilitate peer-to-peer transactions. Further details on tokenomics and utility are expected in the coming weeks GlobeNewswire.

Op-Ed Insight: While new token launches are ubiquitous, Nile Coin’s Solana-native design leverages one of the fastest blockchains for scalable micro-transactions—a critical requirement for social gaming. Success will depend on robust token utility, partnership integrations, and community incentives. If BitNile.com can embed Nile Coin across multiple entertainment verticals (e-sports, virtual concerts, NFTs), it could ignite a network-effect flywheel, bolstering both user engagement and on-chain liquidity.

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5. TruaBroker: Automating Compliance with AI-Powered Trust Credentials

Source: PR Newswire (via Benzinga)

Trua, a leader in digital trust credentials, launched TruaBroker™, a cloud-based platform that automates compliance for broker-dealers and Registered Investment Advisors. Built on Trua’s patented Continuous Evaluation engine, TruaBroker delivers real-time monitoring of FINRA, SEC, and NFA records; identity verification; and continuous credential checks—all without IT integration. Its AI algorithms flag licensing gaps, disciplinary histories, and civil actions, enabling firms to maintain audit readiness and mitigate risk proactively Benzinga.

Op-Ed Insight: In an era when on-chain transactions intersect with regulated financial activities, seamless compliance is non-negotiable. TruaBroker’s model—issuing reusable, verifiable digital credentials anchored by blockchain—offers a blueprint for how KYC/AML processes can evolve into dynamic, trustless workflows. As DeFi platforms eye tokenized securities and on-ramps, integrating similar continuous-evaluation mechanics could become a competitive differentiator, blending self-sovereign identity with regulatory assurance.


Conclusion
Today’s headlines illustrate blockchain’s multifaceted evolution: from regulatory frameworks enforcing privacy and consumer rights, to infrastructure innovations that ensure resilience; from national strategies enlisting industry titans to drive tokenization, to platform launches forging new digital economies; and from compliance automation transforming institutional trust to AI-powered credentialing.

As the space matures, successful projects will be those that:

  1. Embed privacy and compliance by design—aligning with GDPR and global regulations.

  2. Invest in self-healing architectures—leveraging cryptographic primitives like VSS.

  3. Cultivate vibrant token ecosystems—anchored on high-performance chains.

  4. Adopt continuous, AI-driven governance—bridging the gap between Web3 innovation and traditional financial oversight.

Stay tuned to Blocks & Headlines for incisive commentary and daily updates on the blockchain stories that shape tomorrow’s decentralized future.

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Blockchain Press Releases

Compass Mining Partners with NiceHash to Provide Discounted Pool Fees to Customers

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WILMINGTON, Del., April 23, 2025 /PRNewswire/ — Compass Mining, a leading provider of Bitcoin mining hardware, hosting, and operational solutions, today announced a new partnership with NiceHash, one of the world’s most popular hashpower marketplaces, to offer special discounted mining pool fees to Compass Mining customers.

This collaboration marks the beginning of Compass Mining’s broader initiative to bring added value to its community by securing competitive advantages in pool partnerships—starting with NiceHash. Through the agreement with NiceHash, Compass Mining users will gain access to specially negotiated pool fee rates, enhancing their mining profitability and overall operational efficiency. This partnership leverages Compass Mining’s substantial hash rate, offering NiceHash increased activity, while in return, Compass Mining customers benefit from reduced fees.

“Our mission is to make Bitcoin mining accessible and cost-effective for everyone,” said Kris Bakker, Head of Account Management at Compass Mining. “By partnering with NiceHash, we’re helping miners not only access top-tier infrastructure but also unlock better economics at the pool level by leveraging our significant hash rate to secure more favorable fee structures. This mutually beneficial collaboration empowers our customers while deepening collaboration across the mining ecosystem.”

As part of the partnership, NiceHash will list Compass Mining as a preferred hosting partner, increasing visibility among miners seeking reliable hosting options. The collaboration is mutually beneficial: Compass Mining customers enjoy lower costs, while NiceHash attracts new miners through greater exposure.

“You are who you surround yourself with. At NiceHash we want to surround ourselves with reputable companies, such as Compass Mining,” said Marko Tarman, Lead Mining Manager at NiceHash. “This partnership is a win for NiceHash, Compass Mining and most importantly, a win for our shared users.”

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Compass Mining is committed to exploring further partnerships to enhance customer profitability and operational efficiency. To stay informed on new partnerships for Compass Mining customers, follow Compass Mining’s newsletter, podcast, and social media channels.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

About NiceHash

NiceHash is more than a mining pool – It is the world’s largest hashrate marketplace, connecting buyers and miners. Based and fully regulated in Switzerland, NiceHash has been at the forefront of crypto mining since 2014. With a full suite of software and tools for optimizing big mining operations, custom firmware, lightning network support, and automated payouts, NiceHash is home to many miners that sell their hashrate. Follow NiceHash on X for the latest news and updates @NiceHashMining. Contact a representative at [email protected]. Website: www.nicehash.com.

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Blockchain Press Releases

MEXC Strengthens Reserve Backing with $390M Asset Increase

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VICTORIA, Seychelles, April 23, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has significantly bolstered its reserve holdings, reporting an increase of approximately $389 million in total asset value over the past two months (as of April 21, 2025). The latest audit of MEXC’s Proof of Reserves confirms that all major cryptocurrencies are backed by reserves exceeding 100%, underscoring the exchange’s strong liquidity position and commitment to financial transparency.

Reserve Ratio Update Reflects Strong Growth

As of April 2025, MEXC’s reserve ratios continue to demonstrate solid coverage across all major cryptocurrencies:

graph 1

The updated reserve ratios highlight consistent over-collateralization, reinforcing user confidence in the platform’s ability to meet withdrawal demands at any time.

Substantial Asset Growth Over Two Months

A comparison between February and April 2025 reveals a notable surge in MEXC’s asset holdings, with total on-chain reserves increasing by approximately $389.1 million:

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graph 2

The sharp rise signals robust capital inflows during this two-month period.

Strong Capital Inflow Signals Growing Market Confidence

The substantial increase in our reserves over the past two months reflects growing confidence in MEXC’s platform during recent market conditions,” said Tracy Jin, COO of MEXC. “With nearly $390 million in added value to our reserves, we’re not just maintaining our commitment to user security — we’re strengthening it.”

The latest data shows notable growth in Bitcoin and Ethereum holdings, with reserves increasing by 1,649.72 BTC and 21,264.46 ETH, respectively. At current market prices, these additions represent over $179 million in combined value, underscoring rising user activity and capital inflow.

Commitment to Transparency and Security

MEXC continues to conduct bi-monthly Proof of Reserve audits as part of its broader commitment to transparency and user trust. These regular reports allow users to independently verify that their assets are fully backed on-chain, with the latest audit confirming near-zero discrepancies between public blockchain data and platform records.

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“Transparency isn’t just a policy at MEXC — it’s a fundamental principle guiding our operations,” added Tracy Jin. “By publishing these comprehensive reserve reports every two months, we ensure our users have full visibility into the security of their assets.

Multi-layered Security Framework

MEXC safeguards user assets through a comprehensive security architecture that includes:

  1. 100%+ Reserve Backing: All user assets are fully backed with reserves exceeding total deposits
  2. Insurance Fund: Provides protection against extreme market volatility
  3. Regular Audits: Bi-monthly verification ensures continued compliance and transparency
  4. Cold Wallet Storage: The majority of user funds are held in offline, secure cold wallets to prevent unauthorized access

The Go-To Platform for Seamless Crypto Trading

In addition to implementing robust safety measures to ensure a secure trading environment, the platform offers a variety of features and services designed to enhance the user experience. These features help traders minimize costs and maximize returns. MEXC is committed to empowering traders by enabling investments across the widest range of assets, ensuring safe and seamless transactions regardless of market conditions.

  • M – Most Trending Tokens: MEXC is known for its rapid token listings and diverse selection of popular tokens, helping users capitalize on emerging opportunities. To date, over 3,000 tokens have been listed on the platform.
  • E – Everyday Airdrops: MEXC makes it easy for users to engage in daily airdrop events and receive substantial rewards without complex procedures. In 2024, the platform completed 2,293 airdrop events, distributing over $136 million in rewards.
  • X – Xtremely Low Fees: MEXC offers highly competitive trading fees, helping users reduce costs and maximize their growth potential.
  • C – Comprehensive Liquidity: Backed by strong liquidity and market depth, MEXC ensures the efficient and seamless execution of every transaction, minimizing slippage even during volatile conditions.

These features have helped MEXC attract over 36 million users, establishing it as the platform of choice for an increasing number of traders around the world.

About MEXC

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Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

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