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LBank Exchange Will List Ari10 (ARI10) on June 29, 2022

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Internet City, Dubai–(Newsfile Corp. – June 26, 2022) –  LBank Exchange, a global digital asset trading platform, will list Ari10 (ARI10) on June 29, 2022. For all users of LBank Exchange, the ARI10/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on June 29, 2022.

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Building bridges to the new financial world, Ari10 (ARI10) provides the easiest crypto-fiat gateway for both individual (B2C) and business (B2B) clients, along with services including exchange, payment, cryptoterminal, cryptowidget, and more. Its native token ARI10 will be listed on LBank Exchange at 18:00 (UTC+8) on June 29, 2022, to further expand its global reach and help it achieve its vision.

Introducing Ari10

Ari10 is a project bringing together all cryptocurrency products under one, including exchange service, payment, cryptoterminal, cryptowidget, crypto-fiat gateway, and more. It provides the biggest and fastest-growing crypto exchange service in Poland with more than 100,000 business and individual clients, and has its own payment institution, a company licensed for providing financial services, including money transfers, managing virtual wallets, acquiring and issuing payment instruments.

The cryptoterminal service of Ari10 enables users to open their digital currency exchange and build a business resistant to the crypto market fluctuation. And the cryptowidget of Ari10 can be implemented as an element of any website, allowing users who visit the site to buy and sell cryptocurrencies. The site owner will receive a portion of the commission from each transaction.

Ari10 is currently building an app that will cover the needs of both individual (B2C) and business (B2B). With its tax and legal experts, Ari10 will take care of the vital parts of crypto investments so that no one would have to worry. As one of the few who provide such a business-friendly environment, Ari10 enables companies to solve unconventional issues right away.

In addition, Ari10 is also building an educational platform in order to help everyone get the crucial knowledge to dive into the crypto market. Furthermore, with the aim of helping users invest in a safe way, Ari10 has involved in many anti-fraud activities, warning and actively preventing fraud on a daily basis.

With a team of highly qualified specialists that has been delivering value since 2017, Ari10 will continue to create a comprehensive portfolio of crypto services that keeps growing in order to build bridges to the new financial world.

About ARI10 Token

ARI10 token is the utility token of Ari10 project that will be used as one of the payment method within Ari10 platform, a way to lower commissions, a way to lower miner fees, and bonuses for users of the DCA program. Users can also use it to participate in staking or farming, and access to Ari10 Academy (online and offline events), etc. ARI10 new staking not only allows users to receive airdrops from ARI10 crypt-fiat gateway, but also allows users to get allocations in private round sales + for biggest holders with over 777,777 tokens – get a mystery NFT, priority support, welcome pack and more.

Based on BSC network, ARI10 has a maximum supply of 880 million (i.e. 880,000,000) tokens but total supply is lower as long as more than 7 milions tokens has been already burnt. Additionally company will be doing burns every quarter.

It will be listed on LBank Exchange at 18:00 (UTC+8) on June 29, 2022, investors who are interested in Ari10 investment can easily buy and sell ARI10 on LBank Exchange by then. 

Learn More about ARI10 Token:

Official Website: https://ari10.com
Telegram: https://t.me/ari10_com
Twitter: https://twitter.com/ari10com
Instagram: https://www.instagram.com/ari10_com/
Medium: https://medium.com/ari10

About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world.

Start Trading Now: lbank.info

Community & Social Media:

l Telegram
l Twitter
l Facebook
l LinkedIn
l Instagram
l YouTube

Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129048

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

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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Blockchain

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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