Author: CryptoCurrencyNews

HONG KONG, Oct. 15, 2024 /PRNewswire/ — CoinEx Research has released its comprehensive report on the cryptocurrency market for September 2024. This month marked a pivotal month for remarkable rebound fueled by significant policy shifts and technological advancements.

Federal Reserve’s 50 Basis Point Rate Cut
The Federal Reserve’s decision to implement a 50 basis point rate cut set the stage for a surge in cryptocurrencies. This dovish stance, mirrored by similar actions from the European Central Bank and Bank of England, reversed earlier market downturns and injected optimism into the crypto market.

Bitcoin Bounded Back

Bitcoin started the month at $52,700, it experienced a dramatic surge following the Fed’s announcement, reaching heights of $66,000 before settling at $63,300 by month’s end. This impressive gain of over 20% has positioned Bitcoin to challenge the critical $70,000 resistance level.

Recession Risks 

The Federal Reserve projected a higher unemployment rate and maintained its GDP growth estimates of 2% for both 2025 and 2026. The inflation outlook remained manageable, contributing to a sense of stability that bolstered investor confidence. Market analysts are keeping a close eye on the USD/JPY currency pair, as a key indicator of global liquidity flows that could impact crypto markets.

Launch of Fractal Bitcoin Mainnet

Technological innovations played a crucial role in September’s crypto narrative. The launch of the Fractal Bitcoin Mainnet on September 9th marked a significant advancement in Bitcoin‘s ecosystem. The support from ViaBTC mining pool made CoinEx the first to list the native FB token further underscored the potential of this innovation.

Ton Ecosystem Faced Challenges 

However, not all developments in the crypto space were positive. The TON ecosystem faced challenges as new tokens like CATI and HMSTR underperformed post-launch, raising concerns about the sustainability of certain blockchain-based economic models.

Meme Token Fever

September also saw a revival of meme tokens, driven largely by viral trends on social media platforms. Animal-themed tokens, like Moo Deng, PESTO (penguins), and OMOCI (frogs) captured the eyes of traders especially on the Solana blockchain.

Market Optimism 

Despite these fluctuations, the overall market sentiment remained positive, as evidenced by the substantial inflow of $2.9 billion into stablecoins by the end of September. Looking ahead, the crypto community is bracing for an eventful October, with economic data releases and the U.S. elections looming as potential catalysts for the next wave of market activity.

Conclusion

In conclusion, The combination of favorable macroeconomic policies, groundbreaking technological innovations, and evolving market trends made September an important month for the crypto market in 2024.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making crypto trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions.

CoinEx Research remains committed to providing in-depth analyses and insights into the evolving cryptocurrency market, helping investors navigate through the complexities and opportunities that lie ahead.

To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram  | YouTube

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SOURCE CoinEx Global

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HONG KONG, Oct. 13, 2024 /PRNewswire/ — iSHANG Technology Limited (“iSHANG”), a leading technology company specializing in Web3 enterprise solutions, is delighted to announce its collaboration with 3Business, the corporate brand of Hutchison Telecommunications (Hong Kong) Limited, under the Cyberport Web3 Proof-of-Concept Subsidy Scheme to implement the Web3 Coupon Enterprise Solution (Web3-Coupon) leveraging 5G.  This new collaboration represents a major leap forward in enhancing customer engagement and rewards. For more information, please visit – https://ishang.com/web3-coupon-enterprise-solution/

The Web3 Coupon Enterprise solution enables customers to earn unique high-valuable rewards through the Web3 Coupon platform. By introducing personalized, exclusive rewards, it has the potential to transform customer acquisition and reward programs.

The solution will also add a new dimension to 3Business current mobile advertising services for enterprises by revolutionizing the way businesses manage customer engagement and loyalty campaigns. Leveraging Web3 technologies, the solution can ensure secure and traceable transactions, instilling trust and confidence in customers.  

By integrating 5G, artificial intelligence (AI), blockchain technologies and smart contracts, iSHANG Web3-Coupon provides an innovative, secure and transparent platform to simplify coupon management processes such as creation, distribution, redemption and tracking. This streamlines operations and enhances overall efficiency. It addresses the limitations of traditional mass promotion messages by offering a comprehensive solution for merchants to manage and analyze promotion results, conversion rates, and customer consumption data.

The transparency and immutability of the Web3 Coupon System, powered by blockchain technology, establish a trustworthy environment for customers. They can easily verify the authenticity and validity of coupons.

“Web3 seeks to transform various aspects of our digital lives, including how businesses incentivize and reward customers,” said Samson Lee, Co-founder and CEO of iSHANG. “We are thrilled to collaborate with 3Business in implementing the Web3-Coupon. This collaboration represents a significant step towards revolutionizing the customer incentives and loyalty programs. Leveraging the power of Web3 technologies, 5G and the support from the Cyberport Web3 Proof-of-Concept Subsidy Scheme, the solution will provide business customers with a secure, transparent, and efficient coupon system that drives customer engagement and enhances their overall experience.”

The Cyberport Web3 Proof-of-Concept Subsidy Scheme plays a vital role in fostering innovation and adoption of Web3 technologies across various industries. By providing financial support, the scheme empowers businesses to explore the potential of emerging technologies and accelerate the commercial adoption of Web3 in different industry sectors.

Blockchain technology ensures the transparency and security of commercial transactions and enhances the trust of merchants and consumers. Web3-Coupon revolutionizes traditional coupons by introducing an element of uniqueness and exclusivity. The model shifts from general points accumulation to earning unique digital assets, potentially transforming customer loyalty. It adds a layer of personalization and value, enhancing customer engagement and fostering a deeper connection with the brand. Web3-Coupon represents a major leap forward in customer engagement and loyalty programs, providing customers with a more dynamic, engaging and rewarding experience.

About iSHANG Technology Limited (iSHANG)

iSHANG operates a “Web3-as-a-Service” (W3aaS) platform that provides the infrastructure and a gateway for brands & enterprises to enter into the Web3 market. iSHANG W3aaS platform developed 10 x Web3 Solutions that are built on Ethereum and Polygon blockchain using IPFS (Inter Planetary Filing System) decentralized storage system. In addition, iSHANG provides Campaign Driven Launchpad & Marketplace, designed for brands & enterprises to launch their web3 marketing campaigns & facilitates the promotion, customer acquisition, retention programs and also secondary exchange of NFTs. Ultimately, iSHANG also offers one-stop consulting campaign management which develop tailor-made Web3 marketing campaigns empowering brands and enterprises to transform their businesses in various use-cases to capitalize new market opportunities.

For more information about iSHANG, please visit – https://ishang.com/

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SOURCE iSHANG

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SINGAPORE, Oct. 10, 2024 /CNW/ — Worldwide Stablecoin Payment Network (WSPN), a leading provider of next-generation stablecoin infrastructure, and dtcpay, a leading regulated digital payment platform, are making history with a strategic partnership that will revolutionize access to stablecoins. For the first time ever, users will have the ability to on-ramp WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US dollar, through dtcpay with zero fees, marking a paradigm shift in the accessibility and affordability of digital assets.

This groundbreaking move marks a new era for stablecoins, breaking down barriers to entry and empowering individuals and businesses worldwide. Now, with a more inclusive and cost-effective way to utilize stablecoin solutions, WSPN and dtcpay are making WUSD a truly borderless and accessible digital currency. By eliminating fees, the partnership will save users significant amounts annually in transaction fees. WUSD will be gradually rolled out to the many merchants supported by dtcpay, including high-end establishments such as 35A Scotts Whisky Club and Capella Hotel Group’s flagship properties, Capella Singapore and Patina Maldives, Fari Islands. This practical implementation demonstrates the immediate impact and versatility of WUSD in everyday transactions, from luxury experiences to hospitality services.

“This zero-fee WUSD on-ramp with dtcpay is a game-changer for Stablecoin 2.0,” said Raymond Yuan, Founder & CEO of WSPN. “This partnership embodies our vision of making digital assets truly accessible to all, accelerating the adoption of stablecoins in the world. WSPN is proud to lead this financial revolution, reshaping the future of borderless transactions.”

“Partnering with WSPN to offer a zero-fee on-ramp for WUSD is a monumental step in making digital assets more accessible and affordable for dtcpay’s users. At dtcpay, we are excited to lead this charge toward a more i­nclusive financial future, breaking down barriers and creating new opportunities”,  said Anson Zeall, Chief Strategy Officer & Head of Compliance, dtcpay.

By eliminating fees for on-ramping WUSD, WSPN and dtcpay are democratizing access to stablecoins, fostering greater adoption and paving the way for a more efficient, transparent, and equitable financial system globally.

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

About dtcpay

dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA).

As a leading provider of digital payment solutions, we pioneer the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments. 
Learn more at dtcpay.com.

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SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Since its official launch in 2021, Fairdesk Cryptocurrency Exchange has been committed to providing high-quality trading services to a global community of traders. Over the past few years, Fairdesk Cryptocurrency Exchange has played a positive role in enabling seamless cryptocurrency trades and futures transactions. However, due to evolving market conditions and regulatory changes, the company has made the difficult decision to permanently close its operations on November 30, 2024.

As part of this process, all futures and spot trading positions on the platform will be closed on October 17, 2024. From this date forward, the platform will only retain the withdrawal function. This function will be available until the final closure date of November 30, 2024. During this period, Fairdesk Cryptocurrency Exchange will remain fully operational to facilitate user withdrawals, and there customer service team will continue to offer professional support to assist users throughout this transition.

Fairdesk Cryptocurrency Exchange extends its sincere apologies for any inconvenience this may cause its users and appreciates the continued trust and support shown over the years. The team remains hopeful that will meet again in the future under better circumstances.

For further inquiries or assistance, users are encouraged to reach out to Fairdesk’s customer service team.

This announcement marks the official closure of Fairdesk Cryptocurrency Exchange.

About Fairdesk

Fairdesk Cryptocurrency Exchange was established in 2021 to provide traders worldwide with a secure and reliable platform for cryptocurrency trading. Since then, it has built a reputation for offering professional futures and spot trading services. The platform’s commitment to user experience, safety, and customer service has been at the core of its success.

For more information, please visit Fairdesk Cryptocurrency Exchange or contact there support team.

View original content:https://www.prnewswire.com/news-releases/fairdesk-cryptocurrency-exchange-announces-permanent-closure-of-platform-by-november-30-2024-302273838.html

SOURCE Fairdesk crypto exchange

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SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Since its official launch in 2024, Jumpex Cryptocurrency Exchange has been committed to providing high-quality trading services to a global community of traders. Over the past few months, Jumpex Cryptocurrency Exchange has played a positive role in enabling seamless cryptocurrency trades and futures transactions. However, due to evolving market conditions and regulatory changes, the company has made the difficult decision to permanently close its operations on November 30, 2024.

As part of this process, all futures and spot trading positions on the platform will be closed on October 17, 2024. From this date forward, the platform will only retain the withdrawal function. This function will be available until the final closure date of November 30, 2024. During this period, Jumpex Cryptocurrency Exchange will remain fully operational to facilitate user withdrawals, and their customer service team will continue to offer professional support to assist users throughout this transition.

Jumpex Cryptocurrency Exchange extends its sincere apologies for any inconvenience this may cause its users and appreciates the continued trust and support shown over the years. The team remains hopeful that will meet again in the future under better circumstances.

For further inquiries or assistance, users are encouraged to reach out to Jumpex’s customer service team.

This announcement marks the official closure of Jumpex Cryptocurrency Exchange.

About Jumpex

Jumpex Cryptocurrency Exchange was established in 2024 to provide traders worldwide with a secure and reliable platform for cryptocurrency trading. Since then, it has built a reputation for offering professional futures and spot trading services. The platform’s commitment to user experience, safety, and customer service has been at the core of its success. Quickly gained recognition for its focus on high-leverage trading and innovative solutions, offering traders a secure platform with excellent customer service.

For more information, please visit Jumpex.com or contact their support team.

View original content:https://www.prnewswire.com/news-releases/jumpex-cryptocurrency-exchange-announces-permanent-closure-of-platform-by-november-30-2024-302273897.html

SOURCE Jumpex

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