Blockchain
IDCM Rebrands to Klickl After 5 Years as Innovative Features like Contract Trading and Bridge Market Aim to Impress
Hong Kong, Hong Kong–(Newsfile Corp. – May 16, 2022) – IDCM has decided to rebrand after 5 successful years in the blockchain sector, and supporters are being encouraged to keep an eye on future developments and on ‘Klickl’.
IDCM Rebrands To Klickl
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The significance behind ‘Klickl’
The team itself, founding IDCM in 2017, consists of former Wall Street executives, government officials and engineers. As a result, the logo embodies both the company’s beginnings and its ambition, which is to accelerate the adoption of blockchain technology for both everyday life and everyday business operations. Some impressive numbers involve the aforementioned 5 year legacy, 1,500,000 active users, 10 Alliance members, and 9 crypto licenses across the globe.
Klickl is a long-standing digital asset exchange platform that pioneered the notion of Alliance exchange. In a nutshell, it aims to enable retail investors to successfully and easily trade crypto assets in a safe and secure environment, with transparency and execution being the top priorities along with providing liquidity to businesses by listing their tokens, offering a full exchange framework or perhaps simply giving key modules to keep up with the ever-evolving blockchain space.
Alliance solution, contract trading module, and bridge market are important services for most enterprises. In fact, the Alliance solution is a one-of-a-kind franchise model which eliminates the liquidity shortage problem that is often associated with a traditional isolated exchange and thus enables firms to obtain a fully functional independent exchange endorsed by Klickl in just 5 days.
Contract trading
As the complexity of cryptocurrency trading grows, merely spot trading no longer meets the market’s ever-changing needs. As one of the exchanges that provides such a trading option, Klickl is actively identifying the trend and staying on top of any and all market movements and price action.
With such a trading audience in mind, and as traders themselves, Klickl team made a unique change to their contract trading module. When traders visit the site, they have the option of making a combined collateral deposit from a wide range of cryptocurrencies and can hence select what they want to trade in the crypto futures market. This way, investors would no longer need to give up their long-term holding positions in order to profit from short-term market chances in futures trading.
Bridge market
Presently, just 3.6% of the world’s population owns or utilizes cryptocurrencies, demonstrating the industry’s vast unrealized potential. From 2016 to 2017, there was a craze for Initial Coin Offerings and Initial Exchange Offerings, which drew the public’s attention to the potential of crypto as a viable substitute for fiat and other traditional financial instruments, when combined with blockchain technology, potentially disrupting all of the relevant industries.
Moreover, there existed DeFi in 2020, which used cryptocurrency and blockchain technology to conduct financial transactions, intending to democratize finance by replacing conventional centralized financial institutions with Peer-to-Peer (P2P) interactions. Most recently, gamification, the metaverse and NFTs have all become increasingly popular as well.
As a result, the basis of this sector is to recognize such potential usefulness, be the first to apply the technology, and capture the great commercial prospects that arise from such a practice. Bridge market, Klickl’s unique proprietary solution, permits traditional forex traders to utilize the most widely used trading program, MT4, to immediately trade in cryptocurrency futures trading without even knowing the exchange’s interface.
This is the ‘bridge’ that connects the massive forex trading community to crypto futures trading and as such, Klickl team believes this will be one of the main game changers in this market, and that Klickl will thus be among the first to provide this solution.
Past accomplishments
The exchange successfully built global exchange alliance partnerships with up to 15 countries with a combined total trading volume which resulted in ranking amongst the top 10 exchanges on CoinMarketCap. The team also launched the previously mentioned contract trading feature, and work on the bridge market offering is being carried out as we speak.
By completing the all-new futures trading and crypto wealth management product suite, the team was able to not only offer some innovative features and services, but also focus on the vast majority of crypto investors who are relatively new to the industry. The team is actively trying to make the industry increasingly accessible for these newcomers via the offering of the scalable and resilient Alliance solution, which will also culminate in the creation of numerous branches around the world. Finally, they experienced successful regulatory and compliance progress as their worldwide reach expanded with additional licenses in Singapore, the United Arab Emirates, and Lithuania.
Future goals
The team intends to achieve more market share by fully leveraging Klickl Alliance solution and launch new branches worldwide while steadily enhancing their new brand. They shall hence continue to drive product innovation in order to provide a great experience for their users and to nurture new business clients inside their ecosystem spanning areas like payments, wallet, exchange, and wealth management.
About IDCM
After 5 years in the blockchain sector, traveling through bull and bear markets and focusing on building their ecosystem infrastructure, IDCM team presents a whole new appearance and product suite, unifying their payment gateway, Alliance solution and exchange platform into Klickl.
By rebranding after a five year legacy, the team strives to underline that they are completely devoted to providing consumers with the best financial products, with innovative features and an entirely new and enhanced blockchain technology and product suite to meet the demands of Web 3.0 users, businesses and organizations.
For more information, visit the official website, Twitter and Telegram channels.
CoinMarketCap: https://coinmarketcap.com/exchanges/idcm/
CEO: Michael Zhao
Email: [email protected]
Company: Klickl
Country: Hong Kong
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124084
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
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.
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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