Kategorie: Crypto Business

• Ledger has partnered with regulated crypto network HAYVN to bring a robust off-ramping service to customers.
• The partnership will benefit Ledger Live users, who will safely convert their crypto to fiat.
• Among HAYVN clients are businesses, corporates, governments, family offices, and Individuals.

Crypto hardware maker Ledger has teamed up with HAYVN, a regulated financial institution focused on crypto in a strategic partnership that will see Ledger Live customers benefit from safe and robust access to off-ramping rails.

With this collaboration, Ledger clients will be able to securely convert crypto to fiat, the companies said in a press release shared with CoinJournal.

Ledger Live customers to access safe off-ramping

HAYVN, which is regulated in multiple countries and jurisdictions, including Australia, Lithuania, the Cayman Islands and Abu Dhabi, delivers services across payments, trading, custody, and asset management among others.

Businesses, corporates and other institutional customers have access to multi-currency fiat transactions, available via the platform’s global banking infrastructure. Governments, family offices and individuals also tap into HAYVN’s services. Meanwhile, Ledger Live offers customers the possibility to buy crypto with fiat as well as direct crypto deposits to their hardware wallet.

“This partnership with Ledger allows thousands of Ledger Live clients to safely convert to fiat. Such scale will increase confidence across the entire digital asset industry,” Christopher Flinos, the CEO of HAYVN, said.

According to details in the press release, HAYVN’s partnership with Ledger will also include the onboarding of the Ledger Enterprise solution. The company plans to leverage the solution to manage client assets and to boast its security and governance.

Ledger’s Sebastian Badault, VP of Enterprise Revenue, noted that the wallet maker’s objective for Ledger Live is to deliver a platform that allows users to “access the services they want in the manner they want.”

HAYVN’s strong compliance record is crucial to that goal, the Ledger exec noted. Other than adding to the off-ramp options available to users, the partnership increases access to self-custody. Tapping into Ledger Enterprise shows HAYVN’s commitment to strong governance and security, Badault added.

Crypto payments support for merchants on HAYVN Pay launched in November last year following a partnership with WooCommerce. In August this year, HAYVN Pay inked a deal with Gayo Aviation to bring crypto payments to the luxury travel company.

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• Google previously disallowed blockchain-based NFT gaming ads.
• The development is likely linked to the NFT and Blockchain gaming boom.
• Gambling NFT games will be required to comply with the gambling and games policy and receive the appropriate Google Ads certification.

Google has revised its cryptocurrency advertising policy to permit blockchain-based NFT gaming ads as long as they don’t advocate gambling or gambling services.

Under the new regulation, advertisements for games that allow players to stake or wager NFTs against other players or for incentives like cryptocurrency and other NFTS will still be prohibited. Any social betting paradigm that permits users to gamble or play for real-world prizes like NFTs, cash, or cryptocurrencies would likewise be illegal, as would NFT casino games.

The new changes will go into effect starting September 15 and will only apply to games that meet certain criteria. While announcing the new updates, Google stated:

“NFT games that allow players to purchase in-game items, like virtual apparel for a player’s characters, weaponry, or armor with better stats, consumed or used in a game to enhance a user’s experience or aid users in advancing the game.”

Gambling Ads allowed but under a different category

Crypto gambling sites’ developers and publishers will need to “comply with the Gambling and games policy and receive the appropriate Google Ads certification” in order to run advertisements promoting gambling-related material that incorporates NFTs.

Google previously forbade any cryptocurrency-related advertising across its platforms. Google made no mention of whether the prohibition would be indefinite or subject to reconsideration at a later time.

At the time, Google’s Director of Sustainable Ads, Scott Spencer, declared that the business would continue to treat cryptocurrency-related ads with “extreme caution” since it had “seen enough consumer harm or potential for consumer harm.”

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• Casio is partnering with Polygon Labs to launch a virtual G-SHOCK watch project.
• 15,000 G-SHOCK creator pass NFTs will be distributed beginning September 23.

Casio is set to debut a virtual version of its G-SHOCK watch on Ethereum scaling platform Polygon, a development that will bring the iconic watch to the metaverse.

The Japanese electronics maker is teaming up with Polygon Labs on this endevour, according to a news release and comes just weeks after Casio filed for a trademark application with the US Patent and Trademark Office.

G-SHOCK NFTs on Polygon

With Casio, Polygon is now home to multiple NFT projects by leading mainstream companies, including Starbucks, Adidas and DraftKings.

The collaboration between Casio and the Ethereum scaling developer will begin with the launch of an NFT collection offering access passes. The company has highlighted an initial 15,000 G-SHOCK creator pass NFTs to be distributed starting September 23 to the community of participants in the VIRTUAL G-SHOCK community. NFT holders will have exclusive access to a Discord channel dedicated to the G-SHOCK NFT community.

Distribution via Polygon is initially planned for Japan, USA, Germany, Italy, Netherlands, Spain, UK, Portugal, Australia, India, Singapore, Indonesia, Malaysia, Thailand, Vietnam, Philippines

Polygon native token MATIC saw its price jump to an intraday high of $0.5634 on Tuesday morning. According to data from CoinGecko, MATIC traded around $0.5591 at 9am ET, up 3.4% in the past 24 hours.

The post Casio to launch virtual G-SHOCK watch via Polygon appeared first on CoinJournal.

• Binance Labs, the venture capital and incubator arm crypto exchange Binance, announced ColLabs today.
• The invite-only channel will bring together a Web3 investment and financing community for founders and investors.

Binance is stepping up its role as a leading player in the growth of Web3 by unveiling a new investment program aimed at builders, founders and investors in the sector.

A hub for Web3 venture community

On Thursday, Binance’s venture capital and incubator arm announced the launch of ColLabs, a Web3 investment and financing community that will be invite-only. Apart from bringing founders, builders and investors together and fostering connections, ColLabs is aimed at becoming the knowledge exchange hub for the Web3 venture capital community.

“The community is designed to facilitate the sharing of insights and investment opportunities sourced from the Binance Labs team and our portfolio companies,” the team at Binance’s VC arm noted.

With ColLabs members will be able to unlock exclusive content, select curricula from Binance Labs’ incubation programs and access deal-sourcing opportunities. The program will be the members’ gateway to VCs and institutional investors, the platform noted.

The community will also include a blog, a newsletter, and a Telegram channel – also invite-only.

The post Binance unveils ColLabs, an invite-only Web3 investment community appeared first on CoinJournal.

• HashKey and imToken announced a strategic partnership towards enhancing retail crypto adoption.
• imToken becomes HashKey’s official non-custodial wallet provider.

Hong Kong-licensed crypto platform HashKey Exchange and non-custodial crypto wallet provider imToken have partnered to promote crypto adoption across the retail market.

In a press release published on Wednesday, HashKey Exchange said the companies will look to leverage both Web2 and Web3 strengths to offer secure asset management for customers. The companies are looking to integrate non-custodial wallet services with compliant fiat deposits and withdrawals. 

Accordingly, HashKey will provide a trusted and compliant trading platform for imToken users. Meanwhile, mToken is now the exchange’s official non-custodial wallet partner, providing self-managed crypto services to HashKey Exchange users.

“We are excited to partner with imToken, a renowned name in the decentralised wallet space,” said Livio Weng, COO of HashKey Group. “By combining HashKey Exchange’s regulated trading platform with imToken’s secure and decentralised capabilities, we aim to bring virtual asset management experience to the next level.”

Creating a trusted fiat gateway

According to HashKey, collaboration with imToken will catalyse growth across the ecosystem by removing the barriers between fiat and digital assets and between custodial and non-custodial services. 

Building on strengths of a trustless platform and HashKey’s compliance is key to this goal, which should see users benefit from a secure fiat gateway, the companies said in the press release.

imToken CEO and founder Ben He, commented that the partnership with HashKey Exchange is a significant step in the quest to create a seamless and secure crypto ecosystem.

“Together, we empower users to take control of their assets while ensuring they have access to a trusted fiat gateway for a holistic Web3 experience,” He added.

HashKey officially launched its trading platform for retail users on August 28, offering support for Bitcoin, Ethereum and USDT trading pairs. The platform also offers direct bank deposits for USD and HKD.

The launch followed the exchange’s landmark approval and licensing by Hong Kong’s Securities and Futures Commission (SFC) as a virtual asset trading provider for retail. The SFC recently issued a warning to crypto exchanges purpoting to have secured approval to offer crypto trading to retailers.

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