Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

Coinberry Tops $1 Billion in Crypto Traded

Published

on

Canada’s trusted crypto trading platform passes 215,000 accounts and now offers 29 different coins

Toronto, Ontario–(Newsfile Corp. – March 9, 2022) – Canadians’ growing interest in the blockchain economy has propelled Coinberry — one of Canada’s most trusted and secure crypto trading platforms — to surpass $1 Billion in crypto traded, the company confirmed today.

Helping Canadians on their Crypto Journeys
“Coinberry was founded in 2017 to make it easier and more secure for Canadians to buy, trade and sell Bitcoin and Ethereum. Over the past five years, we’ve grown tremendously to become one of Canada’s most trusted crypto trading platforms and one of the first to be fully regulated by the Ontario Securities Commission (OSC),” explains Coinberry CEO and Co-Founder Andrei Poliakov.

Building Canada’s Digital Financial Institution of the Future
“Coinberry was one of Canada’s first FINTRAC-registered crypto trading platforms, providing customers with a safe and secure platform to buy and sell cryptocurrencies. We again made news in 2019 with our innovative approach helping a Canadian municipality make history by offering secure cryptocurrency tax payment processing. The spirit behind Coinberry has always been to make it possible for everyone to participate in the blockchain economy. As our base of crypto investors has grown, we’ve expanded our offering to 29 cryptocurrencies, including many of the world’s top trending and most exciting Metaverse and Altcoins,” says Poliakov. Coinberry recently added 11 top trending coins to the platform, including: Fantom (FTM), Polygon (MATIC), Shibu Inu (SHIB) and Terra (LUNA).

More Coins, More Innovations, More Investor Opportunities
“Our long-term goal has always been to build and grow Coinberry to become one of the nation’s most trusted digital financial institutions of the future. Reaching the $1 Billion traded milestone is an important accomplishment for our team and for Coinberry’s 215,000 accounts,” says Poliakov, adding that Coinberry has plans to offer more coins, innovations and investor opportunities in 2022 — as well as potentially taking the company public in the near future.

About Coinberry
Coinberry makes it easy and secure for Canadians to buy, trade and sell a wide range of cryptocurrencies. As a OSC and FINTRAC-registered crypto trading platform, Coinberry is powered by the belief that the digital economy should be inclusive and accessible to everyone. Headquartered in Toronto, Canada, Coinberry currently offers more than 29 coins and has facilitated trades of over $1 Billion on its platform to date. To learn more about Coinberry and to open a free, secure account, visit www.coinberry.com

Contact
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116077

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Alpha Transform Holdings Releases March Report on ASC AI Index

Published

on

alpha-transform-holdings-releases-march-report-on-asc-ai-index
Continue Reading

Blockchain

Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins

Published

on

elizabeth-warren-urges-treasury-secretary-yellen-to-implement-strong-aml/cft-measures-for-stablecoins

In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.

Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.

Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.

Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.

Source: blockchain.news

The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests

Published

on

binance-launches-megadrop:-a-token-launch-platform-with-airdrops-and-web3-quests

Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.

The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).

To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.

The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.

Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.

Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.

Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.

Source: blockchain.news

The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE