Blockchain Press Releases
WSPN and Conflux Forge Strategic Partnership for a Brighter Path in Digital Finance
SINGAPORE, Sept. 27, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is excited to announce a groundbreaking partnership with Conflux, a leading high-performance public blockchain. This collaboration will see WSPN’s flagship stablecoin product, WUSD, on the Conflux blockchain, marking a significant milestone in both companies’ efforts to advance the DeFi space. WUSD is a stablecoin designed for worldwide payments and round-the-clock financial markets, always redeemable 1:1 for US dollars. Through this collaboration, users will not only enjoy higher staking rewards but also have the opportunity to participate in the growing DeFi ecosystem, offering stable returns while being part of the evolving financial landscape.
Key aspects of this partnership include:
1. Expanding Multi-Chain Ecosystem Globally
WSPN, committed to providing convenient payment experiences worldwide, recognizes Conflux’s high performance and low transaction costs as key advantages. This collaboration will expand WSPN’s multi-chain ecosystem, making WUSD more accessible to users with diverse preferences. Conflux’s technological strengths will effectively support WUSD’s global circulation, promoting broader adoption while attracting more users to the Conflux ecosystem.
2. Enhancing Liquidity with CFX/WUSD Trading Pair
To boost WUSD’s liquidity, WSPN is partnering with major exchanges like Bitget to introduce the CFX/WUSD trading pair and enable deposit and withdrawal functions on the Conflux eSpace network. This initiative aims to provide a smoother trading experience, lower entry barriers, and strengthen the ties between WUSD and the Conflux ecosystem. It’s expected to increase WUSD’s market trading volume, significantly reduce on-chain costs, and improve transaction speeds, while also enhancing its visibility on major exchanges.
3. Expanding On-Chain Use Cases for WUSD
The partnership will create more on-chain use cases for WUSD, further driving its issuance and trading volume. WUSD will be integrated across various DApps within the Conflux ecosystem, including trading, payments, lending, and cross-border transactions. These new applications will boost demand for WUSD and offer users more opportunities to engage with the WUSD ecosystem, enhancing market activity and liquidity.
Conclusion
This strategic alliance between WSPN and Conflux around the WUSD stablecoin marks a pivotal moment in the journey towards a more inclusive and efficient global financial system. Both parties are committed to working closely with the community to explore innovative applications and drive the sustained growth of the entire ecosystem. As we move forward, users can expect to see a series of new features, improved accessibility, and enhanced financial opportunities emerging from this collaboration.
About Conflux
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security. Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai government, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives.
Learn more at https://confluxnetwork.org
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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View original content:https://www.prnewswire.co.uk/news-releases/wspn-and-conflux-forge-strategic-partnership-for-a-brighter-path-in-digital-finance-302260800.html
Join us in our 10th-anniversary celebrations – special campaigns every week!
bitFlyer Europe S.A. is launching 17 new crypto-assets over the next four weeks to celebrate 10 successful years of the bitFlyer Group. Each week we will launch a new crypto-assets campaign and each week you can win exciting prizes! Our first campaign started September 26, 2024 with the launch of Axie Infinity (AXS), Decentraland (MANA), Immutable (IMX), and The Sandbox (SAND)!
Here is our campaign calendar** for the next three weeks:
- Week 2 (October 3, 2024: ApeCoin (APE), Chilliz (CHZ), Ripple (XRP), Palette Token (PLT).
- Week 3 (October 10, 2024): Avalanche (AVAX), Mask Network (MASK), The Graph (GRT), Chainlink (LINK).
- Week 4 (October 17, 2024): Flare (FLR), Symbol (XYM), Nem (XEM), Dogecoin (DOGE), and Shiba Inu (SHIB).
* Visit our 10th-anniversary site for more details. (https://bitflyer.com/en-eu/s/lp/10th-anniversary). Terms and conditions apply.
** The listing schedule is subject to change.
“These new crypto-assets not only allow customers to benefit from a more diverse environment for their investments but also gives them the opportunity to participate in cutting-edge web3 projects,” said Ms Ami Nagata, CEO of bitFlyer Europe.
“With a firm foundation in Japan and a strong regional presence in Luxembourg, bitFlyer serves a large loyal customer base that reflects its global reach. bitFlyer is truly glocal,” added Mr Yuzo Kano, founder and CEO of the bitFlyer Group.
How to Create an Account: If you are not already using our market
If you are not already using our market leading services, you can create an account and start your crypto journey with bitFlyer today. Visit our website or download the bitFlyer App on iOS and Android.
The post Join us in our 10th-anniversary celebrations – special campaigns every week! appeared first on HIPTHER Alerts.
Blockchain Press Releases
Crypto Derivatives Market Rebounds Amid Positive Sentiment, Bybit x Block Scholes Report Finds
DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, a renowned quantitative finance firm, has released its latest crypto derivatives analytics report. The report provides a comprehensive analysis of the crypto market’s response to the Federal Reserve’s recent rate cut and highlights key trends in futures, options, and perpetual contracts.
Following the 50 basis point rate cut on September 18, 2024, both spot and derivatives markets have exhibited positive sentiment. Bitcoin (BTC) and Ethereum (ETH) have seen price increases, while open interest in futures and perpetual swaps remains high. Funding rates have generally been positive, and BTC call open interest has gradually risen. Additionally, the volatility smile has expanded for both BTC and ETH calls, indicating increased investor optimism.
Key Findings from the Report:
- Futures Market: While futures trade volumes have declined, open interest remains resilient, suggesting traders are maintaining their positions.
- Perpetual Swaps: Perpetual swap open interest and trading volumes have remained relatively stable, indicating consistent trader activity.
- Options Market: BTC options activity has favored puts over calls, but open interest for calls is slowly recovering. Implied volatility for short-tenor options has fallen since the Fed’s rate cut, indicating growing bullish sentiment.
Bybit remains committed to providing its users with comprehensive market analysis and tools to help them make informed trading decisions.
For more information and to download the full report, please visit: https://learn.bybit.com/crypto-insights/bybit-x-block-scholescrypto-derivatives-analytics-report-sep-25-2024/
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/crypto-derivatives-market-rebounds-amid-positive-sentiment-bybit-x-block-scholes-report-finds-302261056.html
DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is excited to invite users in Argentina to unlock early-bird access to the physical Bybit Card. As part of its ongoing efforts to reach more retail consumers and investors, Bybit reaffirms its commitment to becoming the go-to crypto destination in South America’s second-largest economy by GDP.
Building on the resounding success of its virtual card launch in July, the issuer is seeking to benefit more users with the introduction of the physical, Bybit-branded Mastercard debit card. Eligible applicants will be among the first to get hold of the card before it becomes available to the general public in Argentina.
During the pre-registration period, the physical card will be issued free of charge for a limited time only. The new offer echoes the success of the virtual card, with over 75% of Bybit’s Argentinian users rushing to apply within the first two months. Users who have yet to sign up may apply for the virtual Bybit Card for a chance to enjoy 30,000 ARS in cashbacks for the first 100 USDT deposit.
“While consumers are no longer tied to traditional brick-and-mortar banks, we recognize many users’ preference for a physical card for the additional peace of mind. We are doing our best to meet the popular demands of our Argentinian community by offering better, faster, and more secure everyday solutions to help them off-ramp crypto assets, one step at a time,” said Joan Han, Sales and Marketing Director of Bybit.
The Bybit Card is available in select markets and has quickly become a preferred solution for users looking to safely expend their digital assets, including BTC, ETH, USDT, TON, and other tokens. It provides reliable and instant access to crypto, eliminating the hassle of complex on- and off-ramp processes. With just a swipe, Bybit Card holders can make payments and purchases at over 90 million merchants worldwide through the Mastercard network. The Bybit Card also comes loaded with benefits, regular and special rewards, with no annual fees or hidden charges.
Apply now to get ahead of the curve. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2517489/Pre_registration_Open_Physical_Bybit_Card_Argentina.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/pre-registration-open-for-physical-bybit-card-in-argentina-302261004.html
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