Author: CryptoCurrencyNews

TORONTO and ZUG, Switzerland, Sept. 23, 2024 /CNW/ – The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (the “Company” or “INX”), the regulated marketplace for trading security tokens and tokenized real-world assets, and Backed, a pioneer in real-world asset tokenization, today announced the listing of additional tokenized stocks on the INX platform for eligible users (excluding North American users). Following the successful launch of tokenized Nvidia, INX and Backed are now expanding their offerings with the listing of tokenized Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME) stocks. Apple (bAAPL), as well as tokenized S&P 500 (bCSPX) and Blackrock’s iShares Treasury (bIB01) ETFs will follow and list shortly after in the coming month. These assets, created under EU securities laws, and tokenized on the Polygon Proof of Stake (PoS) network, are backed one-to-one by their corresponding underlying stocks, with the blockchain ledger conveying ownership.

The Future of Investing

This expansion marks another significant milestone in democratizing access to traditional financial assets and merging them with the 24/7 liquidity and accessibility of the digital asset space. Non-U.S. eligible investors will have the ability to gain exposure to a variety of traditional securities, outside of standard stock market hours, with the option to fund their accounts with cryptocurrency. Self-custodied securities continue to open new possibilities for traders, enhancing the flexibility and efficiency of their portfolios. As part of our mission to bridge traditional and on-chain finance, INX is continually working to expand the range of real-world assets (RWAs) available for on-chain trading.

“We are excited to broaden our collaboration with Backed by adding these new tokenized stocks to our trading platform,” said Shy Datika, CEO of INX. “This expansion is another step forward in our mission to enable the trading of real-world asset tokens. We aim to list additional tokenized RWAs through other strategic partnerships. We remain committed to advancing the accessibility and efficiency of the tokenized asset market, expanding the boundaries of global finance.”

Adam Levi, Co-Founder of Backed, added, “The launch of bNVDA was just the beginning. By adding Microsoft, Tesla, S&P 500 ETF and others, we are offering investors an even wider range of tokenized assets to build their portfolios. We believe this is the future of finance, where traditional assets and digital markets converge seamlessly on the blockchain.”

Colin Butler, Global Head of Institutional Capital at Polygon Labs, added, “At the core of public, open-source blockchains is the democratization of financial assets. This groundbreaking initiative, built on Polygon PoS, enables individuals who previously lacked access to basic investment and savings vehicles to finally participate in foundational aspects of the global financial system. With Polygon PoS as a scalable, low-cost, and secure foundation, this expansion ensures accessibility for everyone, no matter where they are on their financial journey.”

INX provides a marketplace for tokenized assets, and this partnership with Backed brings additional assets in the form of tokenized shares to this market. These new listings allow traders to benefit from 24/7 availability, fractional ownership, and the security of blockchain technology.

Backed’s tokenized assets, including these new listings, are issued under an EU prospectus, offering eligible investors full transparency. Holders of these bTokens have primary claims to the collateral value, which is held with a licensed custodian under an account control agreement. The distributed ledger (blockchain) defines ownership, providing unparalleled security and transparency.

The key features of this offering include self-custody, allowing investors to hold securities directly in their own wallets, maintaining full control over their assets. The platform offers 24/7 trading, enabling transactions beyond traditional market hours and providing greater flexibility. Integration with decentralized finance (DeFi) allows investors to use their tokenized stocks as collateral for loans or other DeFi applications. The use of blockchain technology ensures enhanced security and transparency. Additionally, this offering is available to non-US residents and approved customers on the INX platform, with the convenience of on-chain transactions, where accounts can be funded with cryptocurrency to invest in these tokenized stocks. To get started, investors simply need to create an account on the INX platform and complete the necessary verification process.

About INX

INX provides regulated trading platforms for digital securities and cryptocurrencies. Combining traditional markets expertise with a disruptive fintech approach, INX offers state-of-the-art solutions to modern financial challenges. The company is led by a dedicated team of business, finance, and technology veterans with a shared vision of redefining capital markets through blockchain technology and a disciplined regulatory approach.

LinkedIn: https://www.linkedin.com/company/theinxdigitalcompany/
X/Twitter: https://x.com/INX_Group
Website: https://www.inx.co/

About Backed

Backed brings real-world assets on-chain, issuing permissionless tokens that track the value of fully collateralized real-world assets, such as stocks or ETFs. Tokens are issued under an approved EU prospectus, bridging the gap between TradFi and DeFi for institutional clients.

LinkedIn: https://www.linkedin.com/company/backed-finance/
X / Twitter: https://twitter.com/backedfi
Website: https://backed.fi/

This expanded collaboration between INX and Backed solidifies their commitment to bringing traditional financial assets into the digital realm, offering innovative investment opportunities to a global audience.

About The INX Digital Company, Inc.: The INX Digital Company, Inc. is the holding company for INX Group, which operates regulated trading platforms for digital securities and cryptocurrencies. INX Group’s mission is to bring communities together and empower them with financial innovation. With a vision to be the preferred global regulated hub for digital assets, INX raised US$84 million through the first SEC-registered initial public offering of a security token with the IPO of the INX Token. INX operates in a regulated environment under the oversight of the SEC, FINRA, FinCen, and U.S. state licensing authorities. For more information, visit the INX Group website here.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information“) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Forward-looking information includes predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance and often uses phrases such as “expects”, “anticipates”, “plans”, “believes”, or variations of such words and phrases.

INX has made certain assumptions in disclosing the forward-looking information contained in this press release, including the continuous development of the INX trading platform, listing additional tokenized RWAs through other strategic partnerships, and the completion of described transactions. While INX believes the expectations reflected in such forward-looking information are reasonable, no assurance can be given that these expectations will prove correct. Known and unknown risks, uncertainties, and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors include regulatory developments, market conditions for digital securities and cryptocurrencies, and general economic conditions. Readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise forward-looking information to reflect actual results or new information.

Cboe Canada is not responsible for the adequacy or accuracy of this press release.

This news release does not constitute an offer to sell or solicit an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE The INX Digital Company, Inc.

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DUBAI, UAE, Sept. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces the successful listing of Catizen ($CATI), which went live at 10 AM Dubai time today. Bybit is the first exchange to complete the distribution of the $CATI airdrop to its users, further demonstrating the platform’s exceptional reliability and leadership in the digital asset space.

With Bybit’s industry-leading platform stability and security, the exchange ensured a seamless trading experience for its users. The opening price of CATI has shown impressive performance, remaining steady at $0.97.

Key Highlights:

• Bybit Leads the Way: Bybit became the first exchange to successfully complete the airdrop distribution of CATI tokens to its users, reinforcing its standing as a pioneer in the digital asset industry.
• Significant Airdrop Scale: Data from the TON blockchain explorer indicates that an estimated 17,665,517.64 CATI tokens were transferred from what is believed to be the official CATI address to Bybit for the airdrop.
• Secure and Stable Trading Environment: Bybit’s cutting-edge technical infrastructure ensured the smooth completion of the listing and airdrop, offering users a safe and reliable environment for trading.

The listing of $CATI reflects Bybit’s ability to swiftly react to market opportunities while maintaining high standards of security and performance. This achievement further cements Bybit’s reputation as a trusted platform in the global crypto community.

For more information, visit here.

#Bybit / #TheCryptoArk

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: media@bybit.com

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York, announced today that the Company has appointed Benjamin Lamson as Head of Revenue and Tom Sanfilippo as Chief Technology Officer (“CTO”). Both executives will report directly to CEO Sam Tabar and play critical roles in the growth and development of Bit Digital’s high-performance computing (“HPC”) business. The Company has also added additional headcount across sales and AI/ML engineering roles in an effort to scale its HPC business.

Benjamin Lamson joins Bit Digital as Head of Revenue, bringing a proven track record in scaling revenue and driving growth. Most recently, he served as Head of Paperspace Revenue at DigitalOcean from July 2023 to August 2024, following DigitalOcean’s acquisition of Paperspace. As Chief Revenue Officer at Paperspace, he led a transformative go-to-market strategy that resulted in a 350% increase in topline revenue over 18 months. Prior to Paperspace, Benjamin co-founded WeDidIt, which was later acquired by Allegiance Group, where he continued to lead as Vice President of Sales. His entrepreneurial mindset, combined with leadership roles in sales and customer success, positions him to drive significant impact as Bit Digital expands into high-performance computing. He holds a BA in Communications from American University.

Tom Sanfilippo brings decades of experience in systems programming and software development to Bit Digital. Before joining the Company, he was with DigitalOcean, following its acquisition of Paperspace in 2023. At Paperspace, where he served as Chief Technology Officer from 2016 to 2023, Mr. Sanfilippo led the development of the Core GPU Compute Cloud and Gradient AI/ML Platform. His extensive expertise also includes a nearly a decade at Microsoft, where he led one of the largest development teams in the Microsoft Office group working on the precursor to OneDrive. He also held senior technical roles at Groove Networks and was a Research Scientist at the OSF Research Institute. Earlier in his career, Mr. Sanfilippo was the Chief Technology Officer at The Ohio State University, where he directed technology initiatives across the campus, and in collaboration with the Big Ten, after holding various technical positions since 1985. Mr. Sanfilippo also studied Physics, Mathematics, and Philosophy at The Ohio State University. His deep expertise in cloud computing, AI/ML platforms, and software development will be pivotal in advancing Bit Digital’s high-performance computing initiatives.

Benjamin Lamson, Head of Revenue at Bit Digital, added: “I’m excited to lead Bit Digital’s new HPC division as we enter the AI/ML space with a fresh approach. With no legacy constraints, we’re focused on delivering high-performance, reliable, and affordable solutions that truly meet customer needs. I look forward to building a go-to-market team that drives meaningful impact.”

Tom Sanfilippo, Bit Digital’s CTO, remarked: “Bit Digital understands the intersection of HPC technology and the needs of AI innovators and customers with new accelerated compute applications. These innovators need the latest advances in HPC in a production-ready form, at scale, as quickly as possible. I am thrilled to be joining a team that shares this insight and a company that is so well is equipped to deliver on it.”

Sam Tabar, Bit Digital’s CEO, commented: “We are thrilled to welcome Benjamin Lamson and Tom Sanfilippo to Bit Digital. Their combined expertise in technology and go-to-market strategy will be instrumental in accelerating the growth of our HPC business. Tom’s deep experience in cloud computing and AI/ML platforms, alongside Ben’s proven track record in driving revenue and market expansion, will enable us to unlock new opportunities and enhance our service offerings. Their leadership comes at a pivotal time as we position Bit Digital as a major player in the HPC industry.”

About Bit Digital

Bit Digital, Inc. is a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City. Our bitcoin mining operations are located in the US, Canada, and Iceland. The Company has established a business line, Bit Digital AI, that offers infrastructure services for artificial intelligence applications. For additional information, please contact ir@bit-digital.com or visit our website at www.bit-digital.com.

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 3.D of our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2023. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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SOURCE Bit Digital, Inc.

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

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HAMBURG, Germany, Sept. 19, 2024 /PRNewswire/ — In a bold move that could redefine how retail investors engage with financial markets, NAGA has launched the world’s first fully integrated trading app within Telegram, tapping into the messaging platform’s 950 million-strong user base. This pioneering step positions NAGA as the first to offer seamless access to financial markets directly within Telegram’s App Center, setting the stage for substantial user growth and fresh revenue streams.

Branded as the “NAGA Everything Trading” app, the platform brings the full suite of NAGA’s SuperApp trading features into the heart of the Telegram ecosystem. Users can now onboard, complete KYC procedures, deposit funds, and trade over 4,000 assets — including Real Stocks and CFDs on Stocks, Crypto, Forex, Commodities, Indices — without ever leaving the app. The NAGA Everything App is available directly through Telegram at https://t.me/nagatrading_bot.

Telegram’s highly active monthly user base can now enjoy frictionless access to global markets, all from within their familiar messenger interface. For NAGA, this integration is more than just an innovative feature; it’s a gateway to a massive, previously untapped audience. What makes this even more appealing is the built-in access to both mobile and web versions of NAGA’s platform, offering users a fully interconnected experience across devices.

Looking ahead, NAGA is planning monthly updates for the Telegram version of the app, with an upcoming release set to feature its hugely popular Social Trading with AutoCopy, enabling users to replicate the trades of top investors in real-time.

To celebrate the launch, NAGA is introducing a new promotion for non-EU residents only – new users registering on Telegram NAGA App can claim a $35 trading bonus just for signing up and verifying their account—no deposit required. This exclusive, time-limited offer is designed to give first-time traders a head start in exploring the new Telegram Everything Trading App. With only 1,000 spots available and a 7-day window to claim, it’s a fast-track opportunity to dive into trading and explore the markets. Stay tuned for more exclusive offers! This $35 bonus is the first of many exciting promotions NAGA has in store to celebrate the launch of their groundbreaking new app.

“A Game-Changing Milestone”

Octavian Patrascu, CEO of The NAGA Group AG, underscored the strategic significance of this launch: “Bringing the first-ever integrated trading app to Telegram is not just a breakthrough for NAGA, it’s a transformational moment for our industry. With access to nearly one billion users, we now have an unprecedented opportunity to democratize financial markets on a scale that was once unimaginable. This is a crucial step in our mission to make trading accessible to everyone while accelerating our business growth.”

This move positions NAGA as an innovator in the rapidly evolving fintech space, with an eye firmly on global expansion. As traditional financial institutions grapple with digital transformation, NAGA is making bold strides toward capturing a new generation of traders who prefer intuitive, on-the-go access to financial markets — without the hassle of switching between apps.

About NAGA

NAGA is a forward-thinking fintech company revolutionising personal finance and trading with its all-in-one social trading platform. From Real Stocks and CFDs on Stocks, Crypto, Forex, Commodities, Indices and more to a physical VISA card, NAGA provides a complete, connected financial solution. With its innovative Autocopy features and a thriving community of traders, NAGA empowers users to trade, invest and collaborate and share ideas — making the markets accessible to all.

Ready to trade? Experience seamless trading like never before. Sign up and trade using the NAGA Everything Trading App now and take control of your investments in real-time https://t.me/nagatrading_bot .

Don’t miss out — trade smarter, trade faster, trade with NAGA.

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