Blockchain
MIRL and Bybit combine forces to push forth FashionFi
The MIRL Project has announced a partnership with one of the fastest growing cryptocurrency exchanges in the world, Bybit.
Through this joint step with MIRL into the Metaverse, Bybit will take on the role of presenting partner of the MIRL project and seek to encourage NFT innovation and the FashionFi movement by facilitating the coming-to-life of the MIRL Project at several momentous events such as Art Dubai, happening in March 2022.
A step into the Bybit ecosystem
This collaboration also enables MIRL to gain exposure to 6 million Bybit users as well as leverage the capabilities of the Bybit Exchange to provide credible, robust and dynamic utility to the MIRL Ecosystem.
The exchange is the first amongst centralized exchanges in the crypto market to offer true yield and competitive APY on this upcoming NFT collaboration, backed by Bybit’s trusted ByFi Center.
“Bybit is keen to support the FashionFi movement,” said Ben Zhou, CEO and co-founder at Bybit. “MIRL is a great partner for us because we share similar values such as ethical products like slow fashion to unify sustainability with ethics and creating next level NFT and metaverse projects.”
MIRL NFT holders will get exclusive access to 6.88% APY on Ether (ETH) via Flexible Staking for 30 days on Bybit. While NFTs in general have enjoyed several utilities within their ecosystem, a staking privilege of this type is the first among centralized exchanges.
Bybit has also acquired 1,111 out of the collection of 8,888 NFTs in the MIRL genesis collection launching March 10. These 1,111 NFTs will be carefully curated and distributed to esteemed individuals and VIPs of the Bybit ecosystem.
“We are thankful to Bybit for giving our NFT community exclusive privileges within their platform. The idea of NFTs enjoying staking pools on centralized exchanges has never been done before, and this shows Bybit’s commitment to the MIRL community and their out of the box thinking in terms of providing value to our community.” said Joanna Lim, founder of The MIRL Project.
Aligned values from Day One
There is more in common between MIRL and Bybit than meets the eye. MIRL is looking to help new-to-web3 creatives shine by giving them an international platform for their work.
Bybit is dedicated to helping the crypto-curious confidently and safely explore the rapidly evolving and complex crypto universe.
Both entities are dedicated to fostering a safe environment for their ecosystem and conducting their business in the highest level of trust and ethics.
The MIRL Project is also a proponent of “slow fashion”, which points to a shared interest in sustainability.
Shared experiences in the world of MIRL
MIRL will organize a series of offline activations in the form of pop-up stores and fashion showcase across the world – from Singapore to New York in 2022. MIRL holders and selected Bybit VIPs will enjoy equal privileges to attend these events.
“We are looking forward to meeting the MIRL x Bybit community in real life, and have already started work on architecting these experiences,” said Leslie, design lead of The MIRL Project.
“The MIRL Project aligns with Bybit’s interest and mission to be a supporter of meaningful NFT projects that champions the dreamers and weavers of the metaverse.” said Igneus Terrenus, head of communications at Bybit.
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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