Kategorie: Crypto Business

BingX has tapped into WOO Network’s deep liquidity to boost its trading platform via a better price execution and faster transactions.

BingX, an innovative social trading platform for digital assets, has partnered with crypto liquidity platform WOO Network to help boost price execution and transaction processing.

The partnership will see BingX users tap into Wootrade, WOO Network’s institutional-grade liquidity solution for liquidity support.

According to details shared via a press release on Thursday, Wootrade will be freely accessible to BingX users. With the integration, it’s now possible for customers to “plug into” the solution and benefit from its deep liquidity.

The liquidity pools are available for all the main pairs, the trading platform wrote in the release.

“WOO Network is excited to explore providing liquidity to  BingX, a platform that plays a very innovative role in bringing crypto-asset trading to the global stage,” said Ran Yi, WOO Network’s Chief of Ecosystem Development.

He added:

“BingX’s focus on compliance and security makes them an ideal partner to develop new markets and bring more volume to our network.”

Better price execution

The partnership is set to boost BingX’s status as a platform for investors seeking faster and better services.

Specifically, the deep liquidity is set to enhance customer confidence as order books increase. The overall trading experience will also improve with faster transactions and better price execution- something that will significantly cut trading costs.

BingX has added several coins in recent months as it looks to attract more customers and provide the best trading experiences for its users. Among coins added recently are Avalanche (AVAX), Algorand (ALGO), Sushi (SUSHI) and Solana (SOL).

These are among over 300 spot trading pairs on the platform, with earlier support including OmiseGo (OMG) and Stellar (XLM).

The post BingX integrates WOO Network’s deep liquidity solution Wootrade appeared first on Coin Journal.

Blockchain.com, one of the leading cryptocurrency companies that offer products such as crypto wallets, has partnered with Dallas Cowboys, an American football team based in Texas. This is the first time a crypto firm is partnering with an NFL team.

The partnership comes barely less than a month after Dallas Cowboys announced that it is open to blockchain partnerships meaning the club will be able to collaborate with crypto firms ranging from crypto exchanges, wallet providers, and NFT platforms.

What’s in for Blockchain.com in the partnership?

Following the partnership, Blockchain.com will get a space inside the AT&T stadium, which is the home ground for the Dallas Cowboys club. The digital asset firm will also get the right to social/digital integration with the club, get highly visible signage within the stadium bowl, and also get significant television, radio, and digital advertising.

Considerable branding, content, and advertising shall also be included in the agreement.

While announcing the partnership at a press conference this morning at Dallas Cowboys’ headquarters, the owner and president of the club, Jerry Jones, said:

“We take pride in being the first team in the NFL to sign an official cryptocurrency partnership, and are proud to venture into this innovative business with Blockchain.com.” 

Jones articulated pride for the club becoming the first NFL team to sign an official crypto partnership and expressed confidence that Blockchain.com will help the club connect with fans online and virtually.

On his side, Blockchain.com CEO, Peter Smith, believes the partnership is a major step towards increased crypto usage and knowledge, especially within the Dallas Cowboys community in Texas.

Blockchain.com to run a special promotion for Dallas Cowboys fans

Following the partnership, Blockchain.com plans to run a special promotion, and Dallas Cowboys fans who sign up on the Blockchain.com platform with their email addresses and make purchases of $100 or more in crypto during the next week shall get a $50 bonus in cryptocurrency.

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Tranglo, a cross-border payment gateway founded in 2008 and Ripple’s newest investment partner, has launched an all-in-one business payment solution called Tranglo Business to allow businesses receive and send their global payments in a faster way.

The payment solution will utilize Ripple’s on-demand liquidity (ODL) technology to allow Tranglo to use all its 25 payment corridors as well as allow remittance providers to conduct a real-time payment across the borders without pre-funding the transactions.

#Ripple investment and partner, Tranglo. https://t.co/cokDK4sxRW

— WrathofKahneman (@WKahneman) April 11, 2022

Ripple’s ODL uses XRP, its digital currency, as a bridge between two currencies and also runs on RippleNet, Ripple’s global financial network. Therefore, Tranglo users will be able to lower operating costs as well as save money by getting rid of destination account charges.

Ripple bought a 40% share of Tranglo

Ripple purchased a 40% share of Tranglo and became one of the major enterprise providers of blockchain solutions payments across the borders. 

Tranglo ODL pilot began in September 2021, and in the first 100 days, it was able to complete 250,000 transactions of $48 million since then it paved way for the move.

Japan, Australia, Singapore, and the Philippines are one of the markets using RippleNet for their ODL transactions, however, more markets are joining the wagon.

Tranglo global network

Tranglo has established its offices in Singapore, Dubai, Kuala Lumpur, London, and Jakarta and its global network has 130,000 cash collection sites, 1,300 wallets/banks, and 2,500 mobile operators in over 100 countries.

Against all odds, Ripple has managed to spread its payments systems across the borders outside the United States despite the ongoing lawsuit in the state.

In the previous years, Ripple remittance technology’s popularity has continued to grow due to its fast transactions and low prices as compared to the traditional payment gateways.

According to the U.Today previous report, Ripple partner, Clearing House, and Wells Fargo talks are underway to create a SWIFT replacement.

The post Tranglo launches a new business payment solution in partnership with Ripple appeared first on Coin Journal.

UK-based Fabric Ventures supports both early-stage and later-stage projects, with Polkadot, Decentraland and Bitstamp among earlier beneficiaries.

Fabric Ventures, a London-based capital venture investment firm, is on the verge of closing to Web3 funds as it looks to bolster its wallet ahead of several investments.

Per a report in The Block, the company is set to raise a total of €225 million (roughly $245 million).

Fabric expects to close the first of the two funds, at €125 million (about $136 million), soon. This fund was significantly oversubscribed according to Fabric Ventures managing partner Richard Muirhead, the reason for the raising of the cap to €125.

Once closed, the company will use the funds to support early-stage projects.

Meanwhile, the company is set to close another €100 million ($109 million) fund later this April. As it has done over the past few years, Fabric Ventures will use the second fund to help projects scale as part of its goal of supporting later-stage investments.

The fund will be targeted for projects seeking series B funding or beyond.

The funds follow on from Fabric Ventures’ July 2021 raising of $130 million from various backers. A notable contributor to the fund was the European Investment Fund (EIF), which put in $30 million.

According to Muirhead, Fabric is eyeing fresh funds in 2023.

Projects in the digital assets space to receive investment backing from Fabric include crypto exchange Bitstamp, blockchain platform Polkadot (DOT) and metaverse linked protocol Decentraland (MANA). The VC firm has also contributed to Axie Infinity developer Sky Mavis.

The post Fabric Ventures is closing in on $245M in two Web3 funds: Report appeared first on Coin Journal.

• Toncoin Fund seeks to bring DeFi, NFTs and Metaverse projects onto the TON blockchain.

• Telegram abandoned TON (The Open Network) blockchain project in 2020 after the SEC sued it over the $1.7 billion ICO

Kucoin Ventures and Huobi Incubator have joined other top crypto-focused investments in backing a $250 million ecosystem fund for Toncoin.

Others to contribute to the fund are 3Commas Capital, MEXC Pioneer Fund, Orbs, Kilo Fund and TON Miners.

Toncoin is a blockchain and cryptocurrency project that arose out of the failed TON blockchain, a platform whose development had been spearheaded by Telegram.

But the messaging service halted its involvement in TON in 2020. This is after the US Securities and Exchange Commission (SEC) sued it. The agency had maintained Telegram’s $1.7 billion initial coin offering (ICO) involved the sale of unregistered securities.

TON (The Open Network) lost the case, with Telegram choosing to refund US investors. The TON community, however, continued to build on the blockchain, which now runs independently under the Ton Foundation.

TON Ecosystem fund targets Web3 development

In an announcement released Monday, the Foundation plans to use the funds to promote developer activity via incubation and grants. The fund will also provide investment and be used in the launch of hackathons to encourage further development.

The TON Foundation wants to use the ecosystem funds to bring Web3 to the blockchain. Projects will range from decentralised finance (DeFi), non-fungible tokens (NFTs), metaverse and data and infrastructure services, according to details on the TON protocol website.

Integration with Telegram is one other major development the Foundation is eyeing. If it happens, it will effectively make the cryptocurrency easily accessible to 600 million users currently making up the encrypted messaging app’s monthly user base.

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