Author: CryptoCurrencyNews

LONDON, Nov. 19, 2024 /PRNewswire/ — DeFinity Markets®, the first full-stack institutional digital asset matching and settlement platform for fiat and digital assets, is thrilled to announce their integration of Chainalysis, the blockchain data platform. This marks a pivotal moment for DeFinity Markets’ risk management and compliance capabilities.

Chainalysis enjoys international acclaim for its blockchain analytics and data offerings, software, and services. Serving a diverse clientele spanning government agencies, cryptocurrency exchanges, financial institutions, insurance providers, and cybersecurity firms across more than 70 countries, Chainalysis has been instrumental in solving high-profile criminal cases and enhancing secure consumer access to digital assets.

By seamlessly integrating KYT, the real-time transaction monitoring solution by Chainalysis, into its platform, DeFinity Markets is committed to equipping its compliance team with robust risk management tools. This integration is set to bolster transparency and fortify security within the digital asset landscape, aligning with DeFinity’s unwavering dedication to fostering equitable and transparent trading practices.

DeFinity clients have the privilege of utilising Chainalysis’ compliance solutions, enabling real-time monitoring and assessment of digital asset transactions to ensure strict adherence to regulatory protocols.

Chainalysis’ cutting-edge technology augments DeFinity’s security architecture, which provides a fortified shield for user data and assets against potential threats and vulnerabilities.

DeFinity’s unwavering commitment to nurturing trust and transparency in the digital asset realm is an imperative facet for institutional investors.

In expressing enthusiasm about this collaboration, Chris Park, Chief Risk Officer at DeFinity Markets, remarked, “We are thrilled to bring cutting-edge compliance solutions to our users operating within the dynamic digital asset market. This integration seamlessly aligns with our mission to provide transparency and security to our esteemed institutional clients. With the wealth of expertise that Chainalysis brings to the table, we are poised to strengthen our position as the preeminent venue for institutional Digital Asset traders.”

Alex Cable, VP North EMEA, Chainalysis: “In today’s dynamic cryptocurrency landscape, trust and security are paramount. DeFinity Markets is on a mission to uphold high standards of compliance and risk management. By leveraging blockchain’s inherent transparency, they are able to provide a secure and reliable platform for their clients.”

About Chainalysis
Chainalysis is the blockchain data platform, making it easy to connect the movement of digital assets to real-world services. Organizations can investigate illicit activity, manage risk exposure, and develop innovative market solutions with deep blockchain data insights. Our mission is to build trust in blockchains, blending safety and security with an unwavering commitment to growth and innovation.

For more information, visit www.chainalysis.com.

About DeFinity Markets
DeFinity Markets® is the Institutional Standard in Digital Assets Trading and fiat rails. DeFinity is built on institutional-grade technology offering unprecedented digital assets market access to globally leading Financial Institutions seeking to diversify their portfolio. The DeFinity management team has applied decades of knowledge of traditional financial markets to create the DeFinity ECN with direct market access. Platform participants can transact fiat FX trades with the digital asset’s component completed on the DeFinity ECN. The ECN is custody-agnostic and provides FIX API access, a standardized rulebook powered by an embedded AML/KYC framework. We aggregate quotes from market makers on which qualified clients can transact digital assets. DeFinity offers access to liquidity across all major digital assets, including stable coins. The DeFinity ECN supports fiat currencies including GBP, EUR, USD crosses supported by an integrated fiat on and off-ramp gateway.

For further information, please visit: www.DeFinitymarkets.com.

Contact
Media Room DeFinity Markets
media@DeFinityMarkets.com 

View original content:https://www.prnewswire.com/news-releases/definity-markets-enhances-digital-asset-security-with-chainalysis-kyt-302308865.html

SOURCE DeFinity Markets

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Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether

UTRECHT, The Netherlands, Nov. 18, 2024 /PRNewswire/ — Quantoz Payments B.V. (Quantoz), the Netherlands headquartered payments technology company, is pleased to announce that it will start issuing two stablecoins EURQ and USDQ, designed to be MiCAR Compliant, on Monday 18th November.

EURQ and USDQ are respectively euro and US dollar-referenced E-Money Tokens (EMTs), issued on the Ethereum blockchain by Quantoz, an Electronic Money Institution (EMI) authorised and supervised by De Nederlandsche Bank (DNB), the Dutch Central Bank.

The new EMTs will facilitate euro and US dollar transfers and payments in secondary markets as well as transfers across digital asset and crypto exchanges. Fiat-referencing stablecoins on blockchains can enable digital and decentralised payments that are faster, more transparent, secure and cheaper when compared to existing payment infrastructure.

Bitfinex and Kraken, two of the world’s longest standing and most secure crypto-asset exchanges, plan to be the first to list EURQ and USDQ for trading to eligible clients on Thursday 21st November. 

Arnoud Star Busmann, CEO of Quantoz Payments, said:

“We are thrilled to bring to market truly European-native stablecoins, available on respected venues for European consumers and corporations, issued by a company with its roots in the Netherlands, one of Europe’s leading fintech jurisdictions. The MiCA regulation brings a new level of trust to digital assets markets, not least through its prudential requirements on the issuers of stablecoins. As the world of payments becomes more digital, having well-regulated, transparent and fully backed stablecoins is critical to enabling faster, cheaper and more secure settlement within the world’s largest single market.”

A group of investors including Fabric Ventures, Kraken and Tether are underlining their support for Quantoz by investing in the company.

Anil Hansjee, General Partner at Fabric Ventures, said:

“Europeans speak loudly about MICAR making stablecoin issuance seamless in Europe and whilst there are clearer rules, there are very few players that can pull it off at scale. Think regulatory licenses, tier 1 banking partners with adequate liquidity ratios and balance sheets, blockchain expertise, state of the art and scalable compliance onboarding, on chain transaction monitoring, treasury and risk management, security DNA, let alone an ability to convince major European exchanges to list you and market makers to provide liquidity, as well as dApps to build use cases around you. Quantoz Payments have achieved all this and brought all the right components to the table to succeed. Fabric Ventures are delighted to be participating in this partnership and in an investment thesis that sits firmly at the intersection of our expertise in payments and crypto.”

Mark Greenberg, VP of Product & GM of Consumer at Kraken, said:

“Stablecoins are the backbone of crypto, reshaping the way people connect traditional finance with the decentralized world. We’re pumped to join this investment round and team up with industry partners to push the mission of crypto adoption forward.” 

Paolo Ardoino, CEO of Tether said:

“Our support for Quantoz highlights Tether’s commitment to fostering innovative and regulated solutions within the digital asset landscape. By supporting Quantoz and bringing technology solutions like Hadron by Tether, we reinforce our dedication to expanding reliable, compliant financial tools that empower users and build trust across the digital ecosystem.”

Arnoud Star Busmann, CEO at Quantoz Payments, added:

“Quantoz is an established digital payments technology company in the heart of the European Union and started issuing EURD earlier this year, another euro-backed stablecoin focused on e-money solutions for consumer payment ecosystems as well as treasury management for corporates.

“The support through this investment round from some of the best businesses in digital assets will enable us to provide a timely solution for digital asset markets as well as unlock the benefits of blockchain based money for more traditional use cases. We are excited to be partnering with them on this journey.”

The amount of EURQ and USDQ in circulation is fully backed 1-to-1 by fiat reserves and highly liquid financial instruments such as government bonds. These reserves are managed by an independent foundation, subject to strict DNB oversight and are placed in segregated accounts with Tier 1 banks. In addition to the requirement of maintaining 100% reserves to fully back all circulating assets, Quantoz is also required to hold an additional 2% on its own balance sheet as part of its obligations under MiCAR.

About Quantoz Payments

Founded in 2015, Quantoz N.V. is a financial technology company. Its subsidiary, Quantoz Payments, was founded in 2021 and issues USDQ, a US dollar backed E-Money Token (EMT) and two euro-backed EMTs, EURQ and EURD, within the European Economic Area. These EMTs facilitate fast, cheap, transparent and secure blockchain technology based payments.

Incorporated in the Netherlands, the Company holds an Electronic Money Institution (EMI) license from the Dutch supervisory authority, the Dutch Central Bank. The funds received in exchange for the e-money tokens are held by Stichting Quantoz, a bankruptcy remote entity, which ensures that these funds are safeguarded following the requirements of MiCAR. The e-money tokens in circulation are fully backed 1-to-1 with fiat and highly liquid financial instruments. In addition, the Company is required to hold at least an additional 2% of reserves on its balance sheet. Quantoz Payments and Stichting Quantoz are subject to prudential supervision by DNB.

W: https://quantozpay.com/
L: https://www.linkedin.com/company/quantoz/
X: https://x.com/Quantoz

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Margex integrates TradingView to simplify market analysis for users

VICTORIA, Seychelles, Nov. 16, 2024 /PRNewswire/ — Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce a charting partnership with TradingView to elevate user experience.

Margex is excited to integrate TradingView charts into its platform, enabling traders to benefit from the best-in-class visual analysis tools.

This partnership aims to provide Margex users with seamless access to TradingView’s advanced charting tools, enhancing the best trading experience and empowering well-informed decisions in the market.

Margex users can enjoy a TradingView-like trading experience through this product partnership, which includes 100+ technical indicators, 110+ drawing tools, and 17+ chart types without leaving the Margex platform.

This collaboration further solidifies Margex’s commitment to ensuring its users of all kinds have access to a secure, user-friendly trading experience.

Margex Adds DOGE as Withdrawal and Deposit Option
Marge has also included Dogecoin (DOGE) as an instant withdrawal and deposit option in addition to other existing options, such as KAS and TON to enable users to carry out transactions seamlessly.

About Margex

Margex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level. Users of all types can earn a return on their equity by replicating the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies.

With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry.

Follow Margex on Facebook, Twitter, Telegram, Discord, and YouTube, or join the Margex team.

About TradingView

TradingView is an acclaimed charting and trading platform used by a vibrant community of over 80 million traders worldwide who gather to chat, chart, and trade the international markets.

The platform ambitiously yet consistently empowers its users with best-in-class charting tools, live market data, a comprehensive market analysis suite, and a proprietary programming language.

Beyond premier user experience, TradingView provides solutions for businesses, including advertising, news partnerships, market widgets, charting libraries, and trading integrations with selected partners.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com. 

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SOURCE Margex

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SHANGHAI, Nov. 15, 2024 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that it has completed the previously announced acquisition of on-rack crypto mining machines with an aggregate hashrate of 32 Exahash per second (“EH”) for a total purchase price of US$256 million in cash (the “Cash-Settled Transaction”) from Bitmain Technologies Georgia Limited and Bitmain Development Limited (together, “Bitmain”), a leading manufacturer of digital currency mining servers. The Company announced the Cash-Settled Transaction on November 6, 2024, together with its proposed acquisition of on-rack crypto mining machines with an aggregate hashrate of 18 EH from Golden TechGen Limited and certain other sellers for a total purchase price of approximately US$144 million, which will be paid through issuance of shares to the sellers by the Company (the “Share-Settled Transactions” and together with the Cash-Settled Transaction, the “Proposed Transactions”).

The Cash-Settled Transaction was consummated after the relevant closing conditions are satisfied. Based on further due diligence with the sellers, the Company and the sellers have concluded that no related sellers will sell U.S. assets with an aggregate value of US$119.5 million or more to the Company in the Proposed Transactions, and therefore the anti-trust filing and clearance in the U.S. is not required for the Proposed Transactions and the relevant closing condition is deemed to have been satisfied. As such, the Company and Bitmain closed the Cash-Settled Transaction through assignment to the Company of all hash computing power of the mining machines to be delivered in the Cash-Settled Transaction, and transfer of these machines’ ownership to the Company is expected to occur at a later stage as agreed by the parties.

The closing of the Share-Settled Transactions is subject to certain closing conditions that are yet to be satisfied or waived and the Company is working with the relevant parties towards the closing of the Share-Settled Transactions.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China’s automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products centering on customer needs for auto transactions, auto financing and after-market services. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers’ car purchase service platform of choice. For more information, please visit: www.cangoonline.com. 

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the “Business Outlook” section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com 

Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: ir@cangoonline.com

View original content:https://www.prnewswire.com/news-releases/cango-inc-completes-cash-settled-acquisitions-of-crypto-mining-assets-302306894.html

SOURCE Cango Inc.

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• DIN Launches as an AVS at Devcon Bangkok 2024
• 50+ partners offering connectivity to 12+ networks are already handling 100 million requests daily
• New din.build website and DIN whitepaper now available

FORT WORTH, Texas, Nov. 14, 2024 /PRNewswire/ — A year after announcing its initial list of providers building the public infrastructure for an improved internet, Consensys and Infura’s Decentralized Infrastructure Network (DIN) is now handling requests across a dozen blockchain networks. Today at the 2024 Devcon conference in Bangkok, DIN unveiled its plan to also launch as an EigenLayer AVS, marking a new chapter for connectivity and broader access to web3 across multiple blockchain networks.

DIN is a decentralized web3 API marketplace making web3 more accessible, reliable and efficient while providing a powerful new way for developers to connect to Ethereum and other top-tier blockchains. In 2024, new networks that have been decentralized by DIN include Blast L2, Mantle, Starknet, ZKsync, BNB Smart Chain (BSC), opBNB, and Scroll, providing developers new opportunities to build and scale their applications with significant infrastructure support.

Launching DIN as an AVS through EigenLayer will allow web3 builders and operators to tap into the security guarantee of staked ETH and the intersubjective nature of EIGEN to run a wide array of services. By harnessing the power of restaking and supporting infrastructure, DIN can further expand its decentralized infrastructure offerings to foster a more robust and resilient Ethereum ecosystem.

Less than a year after launching in its initial federated phase, over 40 of the 50 providers in DIN have been tested and over a quarter are serving traffic. This progress reflects the pioneering network’s progressive shift towards decentralization and its expansion into a permissionless marketplace and service discovery layer for web3, simplifying the launch of new services across additional web3 gateways.

“This is an important step in DIN building on-chain,” said Tom Hay, head of product for Infura DIN. “By leaning on Ethereum‘s economic security through EigenLayer, we continue to build on DIN’s steady progress creating a web3 permissionless marketplace for infrastructure services.”

DIN’s progress is a significant milestone in Consensys and Infura’s ongoing efforts to foster decentralized internet infrastructure. 

“Consensys has been a pioneer in building crypto user experiences, dev tooling and infrastructure, and has played an instrumental role in growing Ethereum,” says Sreeram Kannan, founder of EigenLayer. “We are delighted that Consensys and Infura are joining the EigenLayer ecosystem to enable Decentralized Infrastructure Network (DIN), the leading web3 rpc marketplace, to leverage Ethereum‘s economic security using EigenLayer. Building DIN as an EigenLayer AVS enables permissionless infrastructure provision, thus scaling the marketplace while simultaneously increasing reliability and reducing costs – another step forward in our mission of driving open innovation”

Why DIN Matters

The cooperative and competitive dynamics among DIN Providers drive down development costs and improve access to decentralized Web3 gateways. Taking a decentralized approach offers developers greater connectivity to emerging blockchain networks at a lower cost with increased reliability. DIN allows web3 gateway providers to simultaneously compete and cooperate, which means ultimately everyone wins, including users.
DIN providers collaborate on key components like router, node infrastructure kits, and payments, scaling decentralized RPC solutions for builders. Simultaneously, DIN provides a vital new solution for emerging blockchain networks looking to scale. 

To learn more or plug in to DIN right away, read the new DIN whitepaper at din.build. 

About Consensys 

Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

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SOURCE Consensys

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