Blockchain Press Releases
A New Era of $WUSD — Revolutionizing Stablecoins with Unmatched Security, Stability and Next-Gen Innovation
SINGAPORE, Dec. 13, 2024 /PRNewswire/ — WSPN is thrilled to announce the much-anticipated upgrade of the WUSD token from the ERC20 to ERC20F standard, set to launch on December 13, 2024. This transition introduces cutting-edge security, functionality, and scalability enhancements, powered by Fireblocks’ industry-hardened smart contracts. The upgrade reflects WSPN’s commitment to building a future-proof and secure ecosystem for its users, partners, and institutions.
What’s Changing?
The WUSD V2 token upgrade brings with it advanced features and robust architecture, leveraging Fireblocks’ ERC-20F standards. These token primitives ensure compatibility with the broader DeFi ecosystem while addressing critical customer needs, including token recovery, enhanced security, and extensibility for future innovations.
Why Upgrade to WUSD V2: Key Highlights of the Evolution
The transition to WUSD V2 is more than just a smart contract upgrade — it’s a transformative leap toward enhanced security, functionality, and future-proof scalability.
Here’s why the upgrade matters and how it reshapes the ecosystem:
1. Unmatched Security and Resilience
- Asset Recovery: Assets mistakenly sent to incorrect addresses can be salvaged or reclaimed via advanced recovery mechanisms.
- Role-Based Access Control: Enjoy peace of mind with managed permissions, enabling only authorized actions and bolstering operational security.
- Access Registry: Leverage institutional-grade ‘DenyList’ features, ensuring compliance and secure network interactions.
2. Next-Level Functionality
- Optimized DeFi Integration: Seamlessly interact with platforms, wallets, and custodial solutions, ensuring smooth and efficient token operations.
- Enhanced Scalability: Built to support multi-chain compatibility, this upgrade ensures $WUSD is ready to meet the demands of a growing DeFi ecosystem.
3. Future-Proof Innovation
- Extensible Architecture: Paves the way for advanced features like soulbound tokens, identity claims, and metadata-rich applications.
- Modular Design: Facilitates seamless updates to ensure secure, reliable and scalable token management, keeping WUSD at the forefront of stablecoin innovation
Migration Timeline
The WUSD V1 → V2 upgrade will occur from December 13 to December 31, 2024. During this period:
- Institutions and Platforms: Partners must migrate their integrations to the new contract. Detailed instructions will follow in subsequent communications.
- Users Holding $WUSD: No immediate action is required for those holding $WUSD on supported platforms and non-custodial wallets. However, users are encouraged to stay informed about the process and address updates.
- Full Migration Completion: All necessary migrations are expected to be finalized by the end of 2024, ensuring a seamless transition for the ecosystem as we step into 2025.
New Contract Addresses
- Old WUSD V1 Contract Address:
ETH: https://etherscan.io/token/0xb6667b04cb61aa16b59617f90ffa068722cf21daPOL: https://polygonscan.com/token/0xa04c86c411320444d4a99d44082e057772e8cf96
- New WUSD V2 Contract Address:
ETH: https://etherscan.io/token/0x7cd017ca5ddb86861fa983a34b5f495c6f898c41POL: https://polygonscan.com/token/0x7cd017ca5ddb86861fa983a34b5f495c6f898c41
- All WUSD token holders will have their tokens automatically converted to our V2 tokens at a 1:1 ratio before 31st Dec 2024. Users will not need to take any action beyond importing the new token address into their wallets.
Why It Matters for Users and Partners
The $WUSD upgrade marks a significant milestone in strengthening WSPN’s commitment to delivering a secure, scalable and innovative stablecoin ecosystem. By adopting a future-ready framework and industry-leading security features, this upgrade empowers users, institutions, and platforms with unparalleled trust and functionality.
Next Steps for Users and Partners
1. Update Contract Details: Partners and platforms should integrate the new WUSD V2 contract address.
2. Stay Informed: Keep an eye on communications from WSPN for the latest updates and instructions.
3. Explore Enhanced Features: Take advantage of improved security, functionality, and scalability.
The Future of WUSD Begins Now
The WUSD V2 upgrade isn’t just an enhancement — it’s a transformation. Thank you for being part of this journey. Let’s unlock the future together!
For further details and updates, follow WSPN on our official blog and social channels.
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 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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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
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.
Media Contact
BlocksBridge Consulting
[email protected]
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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