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Blockchain

Web3 Wallet Omni Raises $11 Million USD with MEXC Ventures’ Partnership

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Toronto, Ontario–(Newsfile Corp. – September 17, 2022) – According to media sources, Web3 wallet Omni announced that it had completed an equity financing of $11 million USD at a valuation of $50 million USD in May this year. The investors included MEXC Ventures, a fund under MEXC, as well as the Spartan Group, GSR Markets, Eden Block, OP Crypto, and more.

MEXC X Omni

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What is Omni?

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Omni used to be called Steakwallet and was founded by Serafin Lion Engel, Alex Harley and James Stackhouse. It has built-in liquidity and staking functions, and supports users to transfer tokens across chains.

At present, Omni has built smart contract middleware, which supports users to stake tokens through more than 20 protocols, and displays NFTs based on different blockchains on their mobile application. In the future, Omni will integrate into zkSync and StarkNet and more L2 networks.

“The primary hurdle that stands between users gaining access to the future of the internet, is ease of use. That’s why we built Omni: an incredibly easy-to-use Web 3 application that can do it all without sacrificing even a fraction of self-sovereignty,” Engel said in the announcement. “Especially after seeing the CeFi meltdown, we wanted to give users something that was as easy to use as CeFi, but 100% self-custodial and DeFi. And that’s what we’ve done with Omni.”

MEXC Partnership

MEXC Ventures, affiliated to the cryptocurrency trading platform MEXC, is a diversified fund dedicated to digital assets, cryptocurrency and blockchain and other technology industries. It is committed to helping entrepreneurs and teams in their long-term development and success in the blockchain industry by providing professional consulting services, technical and financial support.

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The investment manager of MEXC Ventures said: “The future of blockchain is an organic ecosystem where multiple L1s and L2s intertwine. The wallet is the first step in the user’s web3 experience, and it is like a transportation hub. Thus, its ability to interoperate with each chain and layer smoothly is very important. Omni caters to the needs of the market and makes up for the shortcomings of current competing products. From a user experience point of view, it allows users to manage assets and interoperate contracts on each chain more conveniently.”

At present, MEXC Ventures has invested in blockchain infrastructure, DeFi, NFT, GameFi and other sectors. It has invested in more than 50 blockchain projects including Avalanche, Mina, Qredo, Polkadot, Manta, Dorafactory, Raydium, and many more.

Contact:

Company: MEXC Exchange

Name: Jenny Sun

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Contact: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137494

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

DYOR Partners with Ava Labs, Announces Major Developments With Matt Dyor Joining as Advisor Plus Acquisition of DYOR.com

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DYOR, the innovative cryptocurrency research and analytics platform, has announced a listing partnership with Ava Labs, the company behind the Avalanche blockchain and AVAX coin, to launch on January 25th. The collaboration coincides with Ava Labs’ decision to reduce gas fees on Avalanche by one-twenty-fifth, a 96% decrease and a significant move to further drive blockchain adoption and accessibility.

The announcement also marks a series of exciting developments for DYOR, including the acquisition of the premium domain DYOR.com and the appointment of Matt Dyor as an advisor. Dyor, who has held key roles at Google, Amazon, Microsoft and other leading tech companies, brings a wealth of expertise in scaling technology platforms and user-focused innovation.

“What excites me the most is DYOR’s focus on bringing new users into crypto,” said Matt Dyor. “The most exciting aspect is how DYOR addresses real-world financial needs—going beyond just buying and holding crypto. By enabling smart contracts, decentralized trust, and seamless, automated payments, DYOR is bridging the gap between Web3 and traditional finance in a truly impactful way.”

The partnership with Ava Labs underscores DYOR’s mission to empower crypto enthusiasts and institutional users with transparent tools to make informed decisions. Avery Bartlett, Head of Business Development at Ava Labs, expressed enthusiasm about the collaboration: “Avalanche has some of the smartest devs building some of the most forward thinking applications in crypto. What we’ve been needing more of is cutting edge trader tooling for the on-chain degens that make this industry so exciting. DYOR is moving at the speed of light to deliver on some of the tooling this chain deserves. Excited for them.”

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The acquisition of DYOR.com further cements the platform’s position as a trusted resource for crypto research and education, making it more discoverable and user-friendly for audiences worldwide.

DYOR Labs is redefining DeFi with a cutting-edge platform that empowers traders and developers alike. Offering real-time insights, advanced token data, and customizable workflows, users benefit from unmatched speed and cost efficiency. With features like fiat on/off ramps, cross-chain swaps, a native DEX, and Team Dashboards for transparency and project management, DYOR ensures seamless trading and trust-building across blockchains. Looking ahead, DYOR is set to launch AI-powered insights, gamified user engagement, on-chain ad auctions, and integrated social feeds, solidifying its position as a leader in DeFi innovation.

As DYOR continues to expand its capabilities and partnerships, this collaboration sets the stage for a new era of transparency, accessibility, and utility in the cryptocurrency space.

The post DYOR Partners with Ava Labs, Announces Major Developments With Matt Dyor Joining as Advisor Plus Acquisition of DYOR.com appeared first on News, Events, Advertising Options.

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Blocks & Headlines: Today in Blockchain – January 24, 2025 (IBM, SAP, Oracle, Bitfury Group, Auxesis Services Technologies, Binance, European Central Bank)

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The blockchain and cryptocurrency industry continues to evolve at breakneck speed, reshaping global finance, technology, and governance. From central bank digital currencies (CBDCs) to cutting-edge tools simplifying blockchain development, today’s updates offer a glimpse into how blockchain technology is transforming industries. Here’s your daily briefing on the latest news in blockchain, crypto, and Web3.


Blockchain in Retail: Competitive Intelligence and Trends

A new report analyzing blockchain adoption in the retail sector forecasts significant growth between 2025 and 2034, with major players like IBM, SAP, Oracle, Bitfury Group, and Auxesis Services Technologies leading the charge. The report highlights blockchain’s role in enhancing supply chain transparency, combating counterfeit goods, and enabling seamless loyalty programs.

Why This Matters:

Blockchain’s ability to enhance traceability and trust in supply chains makes it an ideal solution for the retail industry. With consumer demand for transparency growing, retailers are under pressure to provide verifiable data about the origins of their products—a gap blockchain is poised to fill.

Commentary:

Retailers that fail to adopt blockchain solutions risk falling behind as industry leaders use this technology to build trust and customer loyalty. As adoption grows, smaller players may also turn to blockchain-powered SaaS platforms to stay competitive.

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Source: GlobeNewswire


ECB’s Digital Euro Pitch in Response to Growing Crypto Adoption

The European Central Bank (ECB) has pitched the idea of a digital euro, citing the growing influence of cryptocurrencies and global pushes toward digital currencies. The ECB framed the digital euro as a stable, secure alternative to decentralized crypto assets, addressing the region’s need for innovation while preserving monetary sovereignty.

Why This Matters:

CBDCs like the digital euro could redefine global finance, providing a government-backed alternative to private cryptocurrencies. For the EU, this initiative represents both a competitive response to projects like China’s digital yuan and a hedge against the risks posed by unregulated crypto markets.

Commentary:

The digital euro has the potential to address inefficiencies in cross-border payments and financial inclusion. However, its success will depend on balancing innovation with privacy—a concern central to public trust in government-backed digital currencies.

Source: Reuters

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Simplifying Blockchain Development with Enso

Enso, a new development tool, promises to revolutionize blockchain coding by making the process more intuitive and accessible. Dubbed the “Intent Revolution,” Enso eliminates the need for complex, code-heavy development by allowing developers to articulate “intentions” that the platform then translates into blockchain logic.

Why This Matters:

The barrier to entry for blockchain development has long been its technical complexity. Enso’s approach could significantly lower this barrier, enabling a broader range of developers—and potentially businesses—to participate in blockchain innovation.

Commentary:

Simplifying blockchain development is a critical step in driving adoption. Tools like Enso are not just about ease; they democratize access to blockchain innovation, allowing smaller players to compete with industry giants.

Source: DL News


French Crypto Co-Founder Freed After Kidnapping Incident

In an alarming story, a co-founder of a prominent French cryptocurrency company was kidnapped but has since been freed after a swift operation by French authorities. While the specifics of the case remain under wraps, reports suggest that the incident stemmed from disputes related to crypto investments.

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Why This Matters:

This incident underscores the risks associated with the crypto industry, particularly for high-profile figures. With cryptocurrencies often linked to high-value transactions, individuals in the sector may face heightened personal security threats.

Commentary:

As the crypto industry matures, security—both digital and physical—must become a priority for individuals and organizations. Expect to see increased demand for personal security services tailored to crypto executives.

Source: France24


Ex-Visa CFO Joins Blockchain Firm Amid Trump’s Crypto Push

Former Visa CFO, Charlotte Hogg, has joined the board of a leading blockchain firm, signaling increasing alignment between traditional finance and blockchain. The move comes as Trump’s administration accelerates its crypto-related policies, placing blockchain at the forefront of financial innovation.

Why This Matters:

Hogg’s appointment highlights the growing convergence of traditional finance and blockchain technology. The expertise of seasoned financial executives could lend credibility to blockchain firms, making the sector more appealing to institutional investors.

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Commentary:

Bringing in talent from established financial institutions is a strategic move that positions blockchain companies for mainstream adoption. With figures like Hogg on board, the narrative of blockchain as a speculative industry is shifting toward one of legitimacy and innovation.

Source: CFO Dive


CZ, Crypto’s Wealthiest Man, Focuses on Philanthropy

Changpeng Zhao (CZ), the CEO of Binance and one of the wealthiest figures in crypto, has announced a renewed focus on philanthropy. CZ’s latest initiative involves leveraging blockchain technology to increase transparency and efficiency in charitable giving, with an emphasis on combating poverty and improving global education.

Why This Matters:

Blockchain-based philanthropy offers a unique opportunity to ensure donations are used effectively, addressing long-standing concerns about corruption and mismanagement in the charity sector. CZ’s initiative could set a new standard for transparency in philanthropy.

Commentary:

CZ’s pivot toward philanthropy not only reflects the growing maturity of the crypto industry but also highlights blockchain’s potential to solve real-world problems. As trust becomes a cornerstone of crypto adoption, initiatives like this can have a far-reaching impact.

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Source: Yahoo Finance


Key Trends Shaping Blockchain and Crypto Today

Today’s stories illustrate several key trends in blockchain and crypto:

  1. Institutional Alignment: From the ECB’s digital euro to Charlotte Hogg’s new role, traditional finance is increasingly embracing blockchain technologies.
  2. Simplifying Innovation: Tools like Enso reflect a push to make blockchain development more accessible, which will drive adoption across industries.
  3. Security Concerns: The kidnapping of a French crypto executive serves as a stark reminder of the risks faced by industry leaders.
  4. Social Impact: CZ’s philanthropic efforts demonstrate how blockchain can drive social good, particularly in areas like education and poverty alleviation.

Looking Ahead

As blockchain and cryptocurrency continue to evolve, the industry is moving beyond speculative trading toward meaningful applications. Whether it’s through enhancing supply chain transparency, driving financial inclusion, or simplifying development, blockchain’s potential remains immense. However, challenges like regulation, security, and public trust must be navigated carefully to ensure sustained growth.


This concludes Blocks & Headlines: Today in Blockchain for January 24, 2025. Stay tuned for tomorrow’s briefing as we continue to track the trends and innovations shaping the future of blockchain and cryptocurrency.

The post Blocks & Headlines: Today in Blockchain – January 24, 2025 (IBM, SAP, Oracle, Bitfury Group, Auxesis Services Technologies, Binance, European Central Bank) appeared first on News, Events, Advertising Options.

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Blockchain

Simplifying Crypto Payments: Introducing Bybit Pay

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Simplifying Crypto Payments: Introducing Bybit Pay

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