Kategorie: Crypto Business

• Gate Group says the Gate Visa debit card will allow users in Europe to spend their crypto at over 80 million merchant points globally.
• Users will also be able to track and manage their crypto spending using a Gate Card app.
• The partnership with Gate.io is Visa’s latest collaboration with a crypto-focused company.

Gate.io parent company the Gate Group has announced a planned launch of a new Visa debit card as it looks to promote further adoption of cryptocurrencies in Europe.

The new venture, Gate Visa debit card, will be run via the company’s Lithuania-based subsidiary Gate Global UAB, and will be open to users within the European Economic Area (EEA), the Gate Group said in a press release.

Gate Group announces Visa debit card

Gate plans to help crypto holders easily and seamlessly pay with cryptocurrencies, including in-store and online at more than 80 million merchant locations across the world.  

Apart from being able to easily spend their crypto assets, card holders will benefit from complete autonomy, with the capacity to track and manage spending via the Gate Card app.

Dr. Lin Han, the founder & CEO of Gate Group said in a statement that the launch of the Visa card is one way of bridging crypto with everyday life. The card will also be key to ensuring greater financial inclusion, Han added.

Cuy Sheffield, the head of crypto at Visa, also commented on the partnership between the payments giant and the cryptocurrency platform. According to him, the collaboration helps Visa in its goal of bringing crypto to its merchants and financial institutions.

Visa’s partnership with Gate.io comes a few weeks after the company’s strategic deal with crypto payments platform Wirex. However, this also follows news reports that Visa had decided to pause all crypto-related deals. 

As CoinJournal highlighted, Visa was ostensibly taking a break to assess the landscape amid the market uncertainty and increased regulatory pressure.

The same outlook was given by Mastercard, although both companies noted they would continue to pursue their respective blockchain strategies.

The post Gate.io announces plans for new Visa debit card in Europe appeared first on CoinJournal.

• The new NFT club will be called Club 3.
• The club will be launched by Animoca Brands in collaboration with Planet Hollywood Group and Meta Hollywood.
• Club 3 will join the league of exclusive clubs like the famous Bored Ape Yacht Club.

Hong Kong-based Digital entertainment firm Animoca Brands has announced plans for a new members-only NFT club in Los Angele in partnership with Planet Hollywood Group through a joint venture with Meta Hollywood. The move thrusts the longtime Las Vegas digital firm into Web3.

The new exclusive NFT club will be called CLUB 3 and members will hold CLUB 3 NFTs.

Exclusive NFT clubs

It is important to point out that exclusive clubs are now new to the cryptocurrency industry.

Yuga Labs, which recently launched its inaugural Bitcoin NFT auction, leads the space with the Bored Ape Yacht Club (BAYC) which was launched in April 2021 and has since become one of the most popular exclusive clubs in crypto.

CLUB 3 aims at replicating BAYC’s success in Hollywood and bridging the gap between real-world and virtual club memberships.

CLUB 3 membership

At the centre of the new CLUB 3 venture is ClubID, a new identity, Hollywood membership, and commerce platform scheduled to launch in beta in 2023. ClubID platform members will have access to amenities like community chat based on the membership type.

ClubID platform members and collectors will be required to mint a Club3 NFT to access the four tiers (Founding, Social, Global, and Corporate Memberships) of CLUB 3 membership. The one-time membership fee for a Founding membership is $7,500 and that of a social membership is $2,500.

According to the team behind the venture, CLUB 3 will also integrate web3 mechanics including community voting on promotions, perks and seasonal menus just in the case of a blockchain DAO.

Actual location of CLUB 3

Although Meta Hollywood has not revealed the details of the actual location of CLUB 3, it is confirmed that CLUB 3 will open at the iconic Sunset Boulevard later this year. The club will consist of a cocktail lounge, restaurant, karaoke rooms, bars, and meeting rooms.

After Hollywood, CLUB 3 intends to expand its reach around the globe with stations in New York, Miami, London, Hong Kong, Paris, and Tokyo.

The post Animoca Brands and Planet Hollywood announce members-only NFT club in LA appeared first on CoinJournal.

• The Web3 startup offers users access to diversified investment opportunities.
• nealthy says it will use the funds to boost the NFT and crypto investing space.
• neathy is incorporated in Dubai, an increasingly crypto-friendly jurisdiction.

nealthy, an Ethereum-based Web3 startup that provides diversified exposure to NFTs and cryptocurrency investing, secured $1.3 million in a pre-seed funding round backed by several top investors across the investment space.

The funding round closed in November 2022, the startup said in a press release sent to CoinJournal on Tuesday. Per the announcement, prominent Web3 investors that backed it include celebrity crypto investor ‘DonGeraldo.’  

The Dubai incorporated platform says it will use the capital injection to grow its team, hire new talent and seek greater adoption.

nealthy eyes further growth in Web3 investing

The interest in Web3 continues to gather pace and nealthy is looking to tap into this ecosystem by removing the barriers to the market. The startup achieves this via index tokens, which are investment assets that replicate traditional exchange-traded funds (ETFs).

Investors can leverage the index tokens to invest across the Web3 space – easily and quickly – as the product allows for on-chain storage of digital assets, with the portfolio seamlessly diversified in the event of sudden market shifts.

An example of an index token is nealthy’s $NFTS, which like other offerings, has value that is pegged nearly 1:1 to given blue-chip NFTs.

Ludwig Schroedl, the CEO of nealthy noted in a statement that interest in diversification within the crypto sector is rising, especially with the massive growth witnessed in the NFT trading markets.

“That’s even more true for first-time investors,” he said, adding “A blue-chip index token, like $NFTS, can provide superior investment opportunities at a reduced level of risk. And if we can do it with NFTs, we can do it with every asset on the blockchain.” 

The startup is looking to expand its reach with the release of multiple products ahead of its alpha launch.

The post Web3 startup nealthy raises $1.3M in pre-seed backed by top industry investors appeared first on CoinJournal.

• Binance has added 11 additional tokens to its proof-of-reserves (PoR) report.

• The world’s leading cryptocurrency exchange said it has over $63 billion across 24 assets.

• The results have not been audited by any external accounting firm at the moment.

Binance holds $63 billion in 24 assets

Binance, the world’s leading cryptocurrency exchange, published its latest PoR report on Tuesday, March 7th. 

According to the company’s announcement, it has added 11 tokens to its PoR report. The tokens include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. 

This latest cryptocurrency news means that Binance now holds over $63 billion across 24 assets in its proof of reserves system. Bitcoin, Ether, and Tether (USDT) are the top three assets on the exchange, accounting for $12.7 billion, $7.1 billion, and $16.3 billion in net customer balance.

Binance wrote that;

“With the addition of 11 assets to its PoR system, Binance, the world’s largest exchange by trading volume, now shows over 63B USD in reserves.”

Crypto exchanges have adopted PoR to promote transparency

Cryptocurrency exchanges, including Binance, OKX, and Bybit, adopted the PoR system following FTX’s collapse late last year. The PoR system is designed to promote greater transparency amongst cryptocurrency exchanges and assures users that their funds are safe. 

Following Binance’s PoR report on January 26, 2023, the cryptocurrency exchange implemented zk-SNARKs, zero-knowledge protocols that increase the privacy and security of user data during the verification process. 

According to Binance, its PoR leverages Merkle trees to add up on-chain data so that users can rest easy knowing that their assets are held for them 1:1 in our custody. 

In December last year, South African auditor Mazars removed Binance’s PoR audit from its website. The auditing firm also ceased providing services to Binance and other cryptocurrency exchanges. 

Binance remains the world’s largest cryptocurrency exchange. The crypto exchange accounts for over $12 billion in daily trading volume, higher than the $1.1 billion recorded by its closest rival, Coinbase.

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The world of online gambling has been dramatically changed by the integration of cryptocurrencies. Crypto casino games offer players a new level of excitement and the opportunity to win real value as they play. 

In this article, we take an in-depth look at the benefits of playing at a crypto casino and why now is a good time to start. From the ability to play anonymously to the security and fairness provided by blockchain technology, crypto casino games offer a unique and highly rewarding experience. 

Whether you’re a seasoned player or just looking for a new type of entertainment, this article provides a comprehensive overview of why you should start playing cryptocasino games in 2023 on the best crypto gambling in the US.

Experiencing the Future of Online Gambling: The Benefits of Cryptocurrency

Cryptocurrency is changing the world of online gambling by allowing players to bet using digital currencies such as Bitcoin, Solana or Ethereum. This is made possible by the use of advanced blockchain technology. As more and more players become familiar with the benefits of using cryptocurrency for gambling, they are quickly gaining confidence in this innovative technology. 

Today, we’ll cover some of the key benefits of using cryptocurrency for online gambling, including increased security, anonymity and honesty. Join the future of online gambling and find out why using crypto currency is the way to play.

Anonymous Transactions in Online Casinos

Cryptocurrency transactions provide increased anonymity compared to traditional online casino payment methods. When using cryptocurrencies such as Bitcoin, players do not have to provide personal information such as name, address or credit card details. Instead, transactions are made through unique digital addresses, making it difficult for third parties to track the transaction. 

This anonymity is especially attractive to players who value their privacy or are concerned about the security of their personal information. In addition, anonymous transactions can help players avoid online gambling restrictions imposed by certain countries or regions. 

Overall, cryptocurrency offers a more secure and private option for online casino transactions.

Lower Transaction Fees

Another advantage of using cryptocurrencies in online casinos is the lower transaction fees compared to traditional payment methods. 

When using cryptocurrencies, transaction fees are usually only a fraction of the fees charged by traditional payment methods. This is because cryptocurrencies operate on a decentralized network, which eliminates the need for intermediaries and reduces transaction processing costs. 

In addition, some cryptocurrencies, such as bitcoin, have a fixed number of units that can be mined, resulting in less inflationary pressure and making the currency more stable. This stability, combined with lower transaction fees, makes cryptocurrencies an attractive option for players looking to minimize the costs associated with online gambling. 

Overall, lower transaction fees and the potential for increased financial stability make cryptocurrencies a worthy option for online casino players.

More Fair Games

Crypto Casinos offer a unique gaming experience that is much more attractive than traditional casinos. Unlike traditional casinos, crypto casinos use blockchain technology to offer provably fair games, where players can verify the fairness of each game result. This gives players more peace of mind and a higher level of trust in the games offered. 

In addition, cryptocurrency casinos often offer a wider variety of games, including games not typically found in traditional casinos. These games often feature innovative themes, graphics and game mechanics that are designed to provide a more exciting and engaging gaming experience. 

And as mentioned above, crypto-focused casinos often offer faster payouts, increased privacy and security, and the ability to play games from anywhere in the world. All of these factors contribute to a cooler gaming experience that traditional casinos don’t have. 

You can always choose your crypto slot on Coinplay and have some fun on our fair games!

Are all Casinos Switching to Crypto?

No, not all casinos accept cryptocurrency as a form of payment. While cryptocurrencies have become widespread in the gambling industry in recent years, there are still many casinos that only accept traditional payment methods such as credit cards, bank transfers and e-wallets.  

The decision to accept or not accept crypto payments often depends on various factors, including the jurisdiction in which the casino operates, the specific cryptocurrency in question, and the casino’s overall digital currency policy. 

However, given the growing popularity of cryptocurrencies and their potential for increased security and convenience for players, it is likely that more and more casinos will begin accepting cryptocurrencies in the near future.

Coinplay

Coinplay is the best choice for crypto gambling in 2023 for a number of reasons. Coinplay offers a wide range of games from leading providers, including a whole list of innovative games, as well as classics such as baccarat, poker, blackjack and roulette. Coinplay games ensure that players have access to the latest and greatest games in the industry. 

The platform also uses advanced blockchain technology to ensure the honesty and transparency of all games. This gives players the confidence that the platform is trustworthy. Additionally, Coinplay offers fast and secure transactions, as well as a user-friendly interface that makes it easy for players to start playing. 

Coinplay regularly offers players competitive bonuses and rewards, which further encourages them to try their luck on this platform. With its combination of top-notch games, cutting-edge technology and competitive bonuses, Coinplay is the top choice for crypto gambling in 2023.

The post Join the Fun: The Benefits of Playing Crypto Casino Games in 2023 appeared first on CoinJournal.