Kategorie: Crypto Business

• OKX has become the first global sponsor and Web3 partner of Majesticks GC.
• The partnership will see OKX and the golf team collaborate on fan engagement projects meant to improve experiences.
• OKX has struck some key partnerships in the sports industry, including with the McLaren F1 Team and European soccer giants Manchester City.

OKX, one of the largest cryptocurrency exchanges in the market and a leading Web3 company, has announced a sponsorship deal with Majesticks GC, one of the teams in the new LIV Golf League.

As part of the partnership, OKX becomes Majesticks GC’s first global and Web3 sponsor. The crypto echange and the golf team will collaborate on efforts to increase fan engagement and experiences, according to a press release published on Wednesday.

“Having been an OKX Ambassador, I know that the company brings passion, technological expertise and creative thinking to everything it does. That’s why I’m so excited to welcome OKX as the first official global sponsor for Majesticks GC,” Majesticks Team co-captain Ian Poulter said in a statement.

The partnership with the golf team adds to OKX’s partnership forays into the sporting ecosystem. The crypto platform already boasts major deals with the McLaren F1 Team and Manchester City, the current EPL and Champions League winners.

“Golf captivates people around the world,” Haider Rafique, Chief Marketing Officer at OKX, said. “However, its reach can be magnified if we dare to think big about fan engagement, inclusivity and truly unique partnership activations that use Web3 to amaze and inspire. This is what we’re shooting for with Majesticks GC, a top-tier team in the LIV Golf League that exemplifies our values and ambitions.”

OKX will work with Majesticks on a number of exciting developments aimed at achieving the above goals, Rafique added.

The post OKX partners with LIV Golf League team Majesticks GC appeared first on CoinJournal.

Key takeaways

• Binance users interested in Bitcoin mining can now subscribe to Binance’s cloud mining services starting today.

• The new service comes despite Binance currently facing regulatory pressure in the United States. 

Binance launches its Bitcoin mining cloud services

The world’s largest cryptocurrency exchange by daily trading volume, Binance, has launched new Bitcoin subscription-based cloud mining products. 

#Binance is launching a new batch of Cloud Mining products for #BTC mining.

Complete your subscription to Cloud Mining products and start accumulating rewards!

Find out more 👇https://t.co/lH2jTwOxKs

— Binance (@binance) June 15, 2023

Starting today, June 15, Binance users interested in Bitcoin mining but who don’t have the hardware can subscribe to the cryptocurrency exchange’s cloud mining services and purchase hashrates.

At the moment, the cryptocurrency exchange is selling 1 Terahash per second (Th/s) at $10.7280. As a user purchases more hashrate. The probability of higher income in terms of the Bitcoin earned through mining increases.

Binance revealed that its BTC mining subscription service would be active for six months. For each TH/s purchased, users stand a chance to earn 0.0004338 BTC during the 180-day period. 

The product is currently available on the Binance global website, which means that it is not available to its users in the United States.

Binance continues to face regulatory pressure

This latest development comes at a time when Binance is facing regulatory pressure in the United States. 

The United States Securities and Exchange Commission (SEC) sued Binance earlier this month for allegedly breaking securities laws. The regulatory agency has also filed for a temporary restraining order to freeze Binance.US’s assets. 

Binance.US has already hired former SEC enforcement co-director George Canellos as part of its legal team as it defends itself against the regulatory agency’s allegations. 

Last week, Binance.US announced the suspension of USD deposits on its platform as it transitions into an all-crypto exchange. 

The SEC also sued rival cryptocurrency exchange Coinbase for failing to register as a broker, national securities exchange or clearing agency.

The post Binance introduces Bitcoin mining cloud services amid regulatory pressure appeared first on CoinJournal.

Key takeaways

• Bit2Me is set to expand its presence in Spain and Latin American countries.

• This comes after the crypto exchange raised $15 million in its latest funding round. 

Bit2Me to expand its services in Spain and Latin America

Bit2Me, a leading Spanish crypto exchange, has revealed that it would be expanding its services in Spain and Latin America.

This latest cryptocurrency news comes after the crypto exchange raised $15 million in a funding round led by Investcorp.

According to the company, the investment round also saw participation from Telefónica Ventures, the investment arm of Spain’s largest telecommunications company Telefónica, Stratminds VC, Cardano and YGG Fund. 

Bit2Me will use the funds to grow its presence in Space and also accelerate its expansion in certain Latin American countries. 

Leif Ferreira, co-founder and CEO of Bit2Me commented that;

“This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America.”

Bit2Me is building a presence in Latin America

Bit2Me is becoming an important cryptocurrency exchange in Latin America. In May last year, the company established a new office in Brazil that will tackle compliance tasks.

Two months later, the cryptocurrency exchange acquired a majority stake in the Peruvian peer Fluyez as it looked to expand its presence in some Latin American countries, including Chile, Uruguay, and Colombia. 

In February 2023, the cryptocurrency exchange also received approval from the Bank of Spain to be the first provider of virtual currency services and the custody of digital wallets. 

Bit2Me’s expansion plans come at a time when leading cryptocurrency exchanges Binance and Coinbase are facing regulatory challenges. The two exchanges were recently sued by the US SEC for allegedly violating securities laws in the country.

The post Crypto exchange Bit2Me to expand its presence in Spain and Latin America after raising $15m appeared first on CoinJournal.

• Chancer is using blockchain technology for a social betting platform.
• The new platform allows users to set up their own P2P betting markets including setting their own odds.
• Chancer is currently in the development phase with the CHANCER token presale 3 days away.

Chancer is a new blockchain-based predictive markets platform that seeks to leverage blockchain technology to develop a social betting platform.

The platform is currently in the development phase with the presale of its native cryptocurrency, the CHANCER, scheduled to start on June 13^th, 2023. According to the whitepaper, the presale together with other key development elements is scheduled for completion in Q2, 2023.

Customized betting markets

Chancer offers users a decentralized platform that enables them to set up their own unique peer-to-peer (P2P) betting markets without being restricted by what bookmakers offer and their odds. It is crucial to understand that Chancer enables the user to become the house; it is not the house itself.

The platform allows users to not only bet friends but also set their own odds and compete with bets from around the world.

Unlike many betting platforms, Chancer allows betting on any event, including singing contests, friendly wagers between groups of friends (for example, users can wager that their friend will or will not complete a task with specific parameters in place), and even the day that a man will set foot on Mars. This indicates that there are many more things users can do with the platform, which should make it more appealing to users since it is more inclusive and multifunctional.

In addition, any user can set up a betting market, confirm their odds and a set resolution source (so it’s transparent how the outcome will be reviewed), and subsequently anyone can participate and take them up on their wager.

The user also has the choice of setting up the bet to only let friends participate in their market, or let anyone in the world join in and back either end.

The bets will be facilitated by the CHANCER token; meaning for anyone to participate on the platform. Interested parties will have the opportunity to buy the token during the presale that opens in three days’ time.

Is Chancer a good investment?

Well, there is a lot that an investor considers before settling on investing in a particular project. And one of the main factors is whether the project is legit or not.

To that extent, the Chancer team have subjected Chancer’s specifications, smart contract, and team to an audit by CertiK, a leading blockchain security firm that provides auditing and consulting services to enhance the security and trustworthiness of blockchain projects. The audit confirms that Chancer’s code and roadmap meet the high standards required in Web3.

Seeing that Chancer is Certik-verified, we can now move to the next factor which is the value of the CHANCER token which is built on Binance Smart Chain (BSC). 

Going by the presale schedule, the value of CHANCER is projected to rise from $0.010 in the first stage to $0.021 in the last stage. There will be 12 presale stages in total that will raise $15,000,000.

Those interested in the presale will be able to purchase CHANCER tokens only using BNB or BUSD (BEP20) tokens.

Chancer BETA launch date

Chancer plans to launch its BETA in Q3, 2023, which is after the conclusion of the presale and listing of CHANCER on Coingecko, Coinmarketcap, Uniswap, and at least two centralized crypto exchanges.

The mainnet launch is scheduled for Q1, 2023 after successful market-making testnet, virtual betting testnet, Initiate WebRTC-Live Streaming testnet, and deployment of Full Validator Nodes testnet launches.

The post People can set up custom P2P betting markets on Chancer’s new betting platform appeared first on CoinJournal.

• World Mobile successfully completed field tests of its DeWi technology in three African countries.
• The countries selected for the tests were Kenya, Mozambique, and Nigeria.
• The successful field tests follow the launch of World Mobile’s commercial network in Zanzibar.

Decentralized wireless network World Mobile, which also operates the World Mobile Token (WMT), has announced that field tests of its DeWi technology in three African nations were successful. The experiments carried out in Kenya, Mozambique, and Nigeria show the adaptability of World Mobile’s hybrid connectivity solution thus opening the door to a rollout throughout the African continent.

Rural areas that are typically underserved can now have access to reliable and affordable internet service thanks to World Mobile’s decentralized wireless network. World Mobile successfully tested TV White Space technology in Kenya and Mozambique, utilizing unused spectrum in the TV broadcast band to provide mobile network services.

The field test in Nigeria made use of SpaceX’s Starlink satellite internet constellation as a backhaul method. By combining TV White Space and Starlink, World Mobile is able to take advantage of the infrastructure and spectrum resources already in place and expand the reach of its network.

Expressing his excitement after the successful tests, World Mobile CEO Micky Watkins said:

 “We are thrilled to announce the successful completion of field tests in Kenya, Mozambique, and Nigeria, which mark a significant milestone in World Mobile’s mission to connect the unconnected. These tests validate the feasibility and scalability of our DeWi technology, bringing us one step closer to providing affordable and reliable internet access to both rural and underserved areas worldwide.”

World Mobile’s commercial network in Zanzibar

Prior to the tests in Kenya, Mozambique, and Nigeria, World Mobile had launched its commercial network in Zanzibar, where more than 300 AirNodes offer wireless connectivity to more than 16,000 users each day.

In order to build a global community-owned wireless network that can close the digital divide and promote social and economic inclusion, World Mobile intends to extend its network to more nations in Africa and other regions.

The goal is to establish a sharing economy that will provide funding for the construction of communications infrastructure throughout rural Africa and beyond. Its decentralized wireless (DeWi) solution offers connectivity for a lot less money than conventional mobile network providers.

The post Decentralized wireless network operator World Mobile to launch African expansion appeared first on CoinJournal.