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Zilliqa integrates Ramp, furthering global accessibility of ZIL token

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On-ramp integration widens payment options and reduces time to purchase ZIL to just moments

London, UK: 28 March 2022 – Payments infrastructure provider Ramp has partnered with Zilliqa to facilitate fast, secure and frictionless fiat-to-crypto payments of its token, ZIL.

Zilliqa, a high-performance, high-security, and low fee layer-1 blockchain protocol, has built a reputation for its secure-by-design network and high scalability, which enable developers to design and build powerful user-friendly dApps with ease. Zilliqa’s ZIL token is used within an active ecosystem of dApps which enable P2P commerce and the sale of digital assets and collectibles such as NFTs, tokenised goods, or DeFi tools.

Following the Ramp integration, users interested in purchasing ZIL are able to do so in under five minutes and without the complex wallet mechanics on Ramp. All they need is a credit card, and in just a few clicks, the process is complete! With Ramp’s instant verification, users can enter or exit their ZIL crypto position almost instantaneously!

Dr. Ben Livshits, CEO, Zilliqa said: “Ramp helps people acquire crypto easily and intuitively, without lengthy or complex KYC processes. This is sure to welcome and onboard more people into the world of crypto, and turn skeptics into active users. With Zilliqa diving into the world of Web3, this integration is timely. Making ZIL more accessible will play an important role as we take-to-market game-changing metaverse and NFT platforms like Metapolis and Rialto.”

Ramp has partnered with over 400 tech entities including Mozilla, Dapper Labs (the company behind NBA Top Shot), and top crypto and DeFi apps like Aave, Argent, Trust Wallet, and Zerion, and popular games including Axie Infinity, DeFi Kingdoms and Axie Infinity.

“Partnering with Zilliqa is something we’re particularly pleased with because it’s a platform which, like us, is centered on better user experience and increasing accessibility to Web 3. Zilliqa has impressive capabilities when it comes to throughput on its network and a very active ecosystem which includes some of the most innovative projects across DeFi, NFTs and dApps,” said Paulina Jóśków, Head of Partnerships at Ramp.

Zilliqa’s integration of Ramp is live and users can make fiat-to-crypto payments today. Developers building on Zilliqa who would like to explore on-ramping can contact [email protected]

Ends

About Zilliqa:
Zilliqa provides highly-performant, scalable, and secure blockchain solutions for enterprises and decentralised applications. Founded in 2017, Zilliqa was developed by a team of global business and industry experts, experienced scientists, leading engineers, financial services specialists, and venture creators. Committed to developing innovative and scalable blockchain solutions with a user-centric approach, Zilliqa is driven by the mission to catalyse and transform digital infrastructures across global communities and industries. Zilliqa’s technology has served as the backbone for use cases across the arts, asset securitisation, content creators and the influencer economy, decentralised and open finance, digital advertising, financial services, incentivised marketing, and sports.

To date, the Zilliqa blockchain has processed over 30 million transactions since launching its main net and is home to a flourishing decentralised application ecosystem of over 250 projects. For more information, visit: zilliqa.com

Source: RealWire

RealWire is an award-winning online press release distribution service with over 15 years of experience, and is first choice for many of the UK’s top agency, freelance and in-house PR professionals. RealWire’s service can increase your story’s coverage and improve your online visibility. The UK’s leading innovator in press release distribution, RealWire introduced the Social Media News Release in 2007 and relevance targeting system PRFilter in 2010.

Blockchain

Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing

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Global Supply Chain Finance Market

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Blockchain

Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest

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Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.

Source: cryptonews.com

The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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ASIC cracks down on blockchain mining firms

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Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.

Source: iclg.com

The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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