Blockchain
WonderFi Comments on Recent Promotional Activity Pursuant to OTC Markets Request
Toronto, Ontario–(Newsfile Corp. – November 8, 2022) – WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (FTX: WNDR) (the “Company” or “WonderFi”) has received a request from OTC Markets Group Inc. (“OTC Markets”) to issue a statement about recent promotional activity regarding its common shares (the “Common Shares”).
On November 3, 2022, OTC Markets informed the Company that it became aware of certain promotional activities related to the Company and the Common Shares traded on the OTCQB Venture Market, including the distribution of sponsored content published by Native Ads Inc. (“Native Ads”) and its associated partners (including Market Jar Media Inc.) discussing the Company, its business and operations, and other digital asset and technology companies generally, including those that are publicly traded. The publications also contained summaries of recent news releases issued by the Company. OTC Markets provided an example of the promotional material for the Company’s reference.
The Company understands this promotional activity did not result in any increased or unusual trading activity in the Common Shares.
After an inquiry by management, none of the Company’s executive officers or directors have sold or purchased shares of the Company within the past 90 days. To the knowledge of the Company, no third-party service providers referred to herein have sold or purchased shares of the Company within the past 90 days. There are no controlling shareholders of the Company. The Company has not issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.
Native Ads is a third-party marketing firm retained by the Company to provide communications and media services. The sponsored content produced presented factual statements regarding the Company, its business, operations and industry. The Company provided Native Ads with publicly available source information for the sponsored content and retained editorial control over the wording in the materials, including reviewing the materials for factual accuracy prior to their dissemination. The Company does not believe the statements in the sponsored content were false or misleading. The appointment of Native Ads, the nature of the relationship between the Company and Native Ads, as well as compensation to be paid to Native Ads was publicly disclosed in a Company news release on September 7, 2021, which can be found under the Company’s public profile on SEDAR and on the Company’s website, as well as in the sponsored content. Native Ads owns and controls securities of the Company representing less than 1% of the total issued and outstanding Common Shares.
In the last 12 months, the Company has worked with Native Ads, as well as Digital Panda Consulting Inc., Rich TV Live Inc., Hybrid Financial Ltd., The Dales Report Inc., Departure Capital Inc. and Digitonic Limited (details of which have been publicly disclosed in a news release of the Company dated April 18, 2022) to provide the Company marketing, investor relations, public relations, or other related services (the “Service Providers”). To the knowledge of the Company, none of the Service Providers own or control, directly or indirectly, any securities of the Company.
Additional Information
General Counsel and Chief Legal Officer:
Adam Garetson
[email protected]
Media / Investor Relations Contact:
Binu Koshy, Communications Director
[email protected]
ABOUT WONDERFI
WonderFi is a leading technology company with the mission of creating better, unified access to digital assets through centralized and decentralized platforms. WonderFi’s executive team and Board of Directors have an established track record in finance and crypto. WonderFi’s core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access finance in a simple, smart and secure way. For more information, visit www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. A more fulsome description of risk factors that may impact our business, financial condition and results of operation is set out in our management’s discussion and analysis and financial statements for the for the period ended June 30, 2022, as well as our annual information form, available on SEDAR.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
The Toronto Stock Exchange has not approved or disapproved of the information contained in this release.
DYOR Labs, a leading decentralized finance (DeFi) research and trading platform, has unveiled a groundbreaking suite of blockchain-powered advanced analytics & trading tools aimed at breaking down barriers for retail & institutional investors.
Under the leadership of former Hollywood actor turned tech entrepreneur and blockchain advocate Ben Kurland, DYOR labs is one of the rare platforms fully integrating blockchain technology across its entire suite of tools. DYOR Labs has quickly solidified its position as a leader in decentralized finance (DeFi) innovation by seamlessly integrating with major blockchain networks, including Base, Ethereum, Polygon, and Solana. These integrations ensure the platform’s scalability, security, and interoperability across the DeFi ecosystem. Within its first month of launch, DYOR Labs has evaluated over 1 million blockchain projects and attracted nearly 50,000 new users, demonstrating its rapid adoption and impact.
Strategic partnerships with industry leaders such as Alchemy, Debridge, UNCX, Solidproof, and Moralis have laid a strong foundation for the platform’s continued growth. Financial backing from renowned investors like Ghaff Capital, IBC, and OZARU further validates DYOR Labs’ credibility. Additionally, endorsements from over 75 influential figures—including Altcoin Daily, Crypto Banter, Mario Nawfal, Carl from the Moon, and Crypto Lark—have amplified its reach, reinforcing its role as a transformative force in DeFi.
This positions it as a leader in fostering transparency and trust in a market often plagued by complexity and lack of accountability. By combining cutting-edge analytics, real-time data, and robust customization features, DYOR labs is redefining how traders, developers and investors engage with the blockchain ecosystem.
Speaking on the platform’s growth, Ben Kurland, CEO of DYOR Labs, said, “Crypto tools shouldn’t feel like they require a PhD to use or trust, At DYOR, we’ve created a platform so intuitive it feels like second nature—whether you’re a trader looking for your edge or a project team trying to scale professionally. It’s time for Web3 to offer the same world-class usability that Web2 has delivered for decades.”
He further added, “Our mission is to simplify DeFi while addressing its biggest challenges. Traders deserve a seamless, user-first platform, and project teams need professional-grade tools to run their tokens and businesses effectively. DYOR Labs is here to bridge that gap, empowering the entire crypto community to thrive.”
Key platform features include:
Offering a cutting-edge suite of features designed to empower both traders and developers in the decentralized finance space, DYOR users gain real-time advanced insights with instant access to comprehensive token data and market activity. The platform’s unparalleled trading tools deliver unmatched speed and cost efficiency, whilst customizable dashboards allow users of all experience levels to personalize workflows with saved presets, multi-chart tabs, and tailored features. For developers, the Team Dashboards provide a powerful solution to create and edit project pages, showcase metrics, and build community trust through transparency. With fiat on/off ramp integration, cross-chain swaps, and a native DEX and aggregator, DYOR Labs ensures seamless trading across blockchains, delivering the fastest and most cost-effective transactions in DeFi.
What’s Next?
DYOR Labs continues to innovate, with upcoming features that include AI-Powered Insights, Missions and Quests to gamify user engagement, the first ever onchain ad auctions, enhanced team dashboards for token project management, live social media feeds integrated directly into token pages and cross-chain swaps, putting the platform at the forefront of DeFi innovation, creating a seamless and transparent ecosystem for users and developers alike.
The post DYOR Labs Unveils Advanced Blockchain-Powered Analytics and Trading Tools appeared first on News, Events, Advertising Options.
Blockchain
Former MD of SUI Foundation, Greg Siourounis, Joins xMoney Global as Co-Founder and CEO to build MiCA-Regulated Stablecoin Platform
xMoney Global, the global, inter-bank and cross crypto/fiat integrated payments platform has appointed award-winning economist Dr. Greg Siourounis as Co-Founder and CEO. The company is a Mastercard principal member, with strategic European licenses, such as e-Money and VASP.
As the digital landscape continues to evolve with the coming MiCA regulation, xMoney Global intends to lead Europe into this new transformative EU regulated stablecoin era. Greg Siourounis will lead the integration of xMoney’s advanced blockchain-enabled payments infrastructure with its upcoming stablecoin program. Stablecoins are a key driver of blockchain adoption in today’s market, now surpassing Bitcoin, remittances, and PayPal in annual transaction volume. As such, xMoney’s Global reputation positions it to bridge Web3 innovation with traditional finance, leading Europe into a new transformative EU regulated stablecoin era.
Dr. Greg, who has played a pioneering role in the growth of Sui Foundation as its former Managing Director and who previously founded Everypay, will drive xMoney Global’s next wave of growth. Beyond the standard reference of his academic work in 2024’s Nobel Prize in Economics, Dr. Greg’s career is also decorated with awards such as the 2005 Young Economist Award from The European Economic Association and the 2008 Austin Robinson Prize from The Royal Economic Society. His immediate target will be to focus on partnerships, regulatory alignment and market expansion, as xMoney Global looks to build a comprehensive payments platform that bridges legacy financial systems with the potential of decentralized finance.
Commenting on his appointment, Dr. Greg Siourounis, CEO of xMoney Global, said, “As Europe prepares to embrace MiCA regulation, xMoney Global is positioned to redefine what compliant, secure, and seamless digital payments can be. Our goal is to deliver a solid and trusted ecosystem that combines the strengths of traditional finance with the flexibility of blockchain technology to create a future-ready payment experience.”
Beniamin Mincu, Co-founder of MultiversX, said, “xMoney Global’s mission aligns perfectly with the vision of MultiversX to bring scalable and secure blockchain solutions to mainstream finance. This appointment marks a significant step toward building a more inclusive and resilient financial system.”
The launch of xMoney Global aims to offer a next-gen blockchain-as-a-service module backed by its native stablecoin, with key white-labeled services including acquiring, issuing, onramps/offramps and a sticky loyalty program, all backed by MultiversX’s state-of-the-art sharding technology. Following the surge in crypto markets after Trump’s pro-crypto Presidential win, xMoney will be ideally placed to accelerate real-world adoption as the easiest way for everyone (consumers, retail and e-commerce) to seamlessly access fiat and crypto currencies in an app, card or payment gateway.
The post Former MD of SUI Foundation, Greg Siourounis, Joins xMoney Global as Co-Founder and CEO to build MiCA-Regulated Stablecoin Platform appeared first on News, Events, Advertising Options.
By Mike Romanenko, CVO and Co-Founder of Kyrrex.
Bitcoin’s recent surge in value has several reasons behind this growth that reflect the broader dynamics of the cryptocurrency market.
Firstly, the global economy plays a huge role. Inflation is still a concern in many parts of the world, and ongoing geopolitical tensions have pushed investors to look for alternatives to traditional assets. Bitcoin, often called “digital gold,” is once again being seen as a hedge against these uncertainties.
The current Bitcoin rally is also influenced by shifting U.S. policy dynamics under Trump’s leadership. Discussions about potentially adopting Bitcoin as a strategic reserve asset for the U.S., along with the appointment of pro-crypto advocates to key regulatory roles, signal a more crypto-friendly environment. Notably, Gary Gensler’s resignation as SEC Chair was followed by significant optimism in the market, with Bitcoin reaching record highs amid speculation about potential successors with more balanced crypto approaches.
Another factor is institutional adoption. We’re seeing more financial giants, including those pursuing Bitcoin ETFs, signaling their confidence in the asset. This kind of backing adds legitimacy to the market and inspires trust among retail investors as well. Bitcoin funds have seen significant inflows recently, with token holdings reaching their highest levels since April 2022. In the past month alone, funds added approximately 22,100 Bitcoin, driven by optimism around Bitcoin ETF approvals and the ongoing rally in the asset. Huge companies like MicroStrategy lead the charge as well. As of November 2024, MicroStrategy holds approximately 331,200 BTC, underscoring their long-term confidence in the asset. Other major players, such as Tesla and Block (formerly Square), also maintain significant Bitcoin holdings on their balance sheets.
Lastly, there’s Bitcoin’s natural rhythm. Its price historically rises in anticipation of the four-year halving cycle, where the reward for mining new blocks is cut in half.
Bitcoin’s growth isn’t just about price increases; it’s about a growing recognition of its role in the financial system. Over time, Bitcoin has proven to be a resilient, decentralized alternative to traditional money. Its success is also a sign of how blockchain technology is pushing innovation in areas like decentralized finance and tokenization.
The role of regulation: connecting Bitcoin’s growth to MiCA
This boom also highlights the importance of clear and fair regulations. Without a solid framework, the market risks instability. That’s where MiCA steps in.
MiCA is a game-changer for the European crypto space. It aims to bring consistency and transparency to the industry, offering much-needed clarity for both companies and investors. This is crucial not just for Bitcoin’s growth but also for the broader adoption of cryptocurrencies.
What’s exciting is that MiCA can help bridge the gap between traditional finance and the crypto world. With clearer rules, more institutional players are likely to join the market, bringing additional credibility to cryptocurrencies like Bitcoin. At the same time, the standardization of regulations across Europe could make the region a global hub for crypto innovation.
Bitcoin’s current boom is a sign of its staying power. But as the market grows, it’s equally important for the industry to evolve responsibly. Regulation, like what MiCA offers, will play a key role in shaping this future by creating a safer and more inclusive environment for everyone.
At Kyrrex, we believe that by balancing innovation with responsible practices, we can help build a financial ecosystem that benefits everyone and contributes to the development of the legal market.
The post Bitcoin’s rise and the role of regulation: what is the MiCA’s impact appeared first on News, Events, Advertising Options.
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