Partnership to Transform MIR M into Global Esports Title

WUHAN, China, Nov. 26, 2024 /PRNewswire/ — NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, and The9 Limited (“The9”) today announced that NIP Group has entered into a strategic partnership with China Crown Technology Limited (“China Crown“), a wholly owned subsidiary of The9, to develop “MIR M” into a competitive esports title. Together, both parties aim to create a game that embodies the characteristics of MIR M and is suitable for esports adoption.

China Crown secured the exclusive publishing license of “MIR M” from Wemade Co., Ltd. (“Wemade”) in Mainland China in May 2024. The game is the latest version of the classic game “MIR”, including both mobile and PC versions. China Crown’s parent company, The9, listed on Nasdaq in 2004 and is one of China’s earliest online game developers and operators, known for successfully introducing multiple globally renowned titles to China, such as World of Warcraft and MU Online.

Under the agreement, the parties will collaborate deeply across three key areas: in-game esports integration, esports tournament system development, and promotion and marketing. NIP Group will leverage its extensive esports experience, event production capabilities, and social media resources both domestically and internationally, in combination with the vast player base of the game soon to be released by The9, to expand the market jointly. In addition, they will build a highly commercialized tournament ecosystem centered around the game and provide extensive support for its global promotion. This includes creating a synchronized, comprehensive, and highly efficient esports marketing network that resonates with esports fans.

Mario Ho, Chairman and Co-CEO of NIP Group commented: “We are thrilled to partner with The9. The9 has been committed to providing users with the forefront of gaming experiences and technical support. Combining the global esports expertise and fan engagement capabilities of NIP Group, we’re well-positioned to transform MIR M into a compelling esports title. Our shared vision is to create an engaging esports experience that honors the game’s legacy while opening new possibilities for competitive play.”

Hicham Chahine, Co-CEO of NIP Group remarked: “We are intensely focused on expanding our business across key verticals in a way that will have a tremendous impact on the growth of the industry at large. Through innovative partnerships, like today’s with The9, NIP Group is able to push the boundaries of our vision for a digital entertainment ecosystem that will reimagine IPs, develop additional market opportunities, and engage fans with new, creative experiences.”

Jun Zhu, Chairman and CEO of The9 added: “We are delighted to enter into this agreement with NIP Group. As a global digital entertainment group, NIP Group brings unparalleled expertise and resources in the esports sector, which will play a critical role in advancing the esports component of MIR M. We look forward to making this game one of the world’s largest esports titles.”

This partnership represents a significant advance in NIP Group’s strategy of diversifying its revenue streams, expanding its fan base, enhancing brand influence, and strengthening market competitiveness. It also marks an important milestone in the Company’s efforts to develop its game publishing business.

NIP Group remains committed to exploring innovative opportunities, delving deeper into the potential of creating entire esports ecosystems around games from scratch, driving the prosperity of the esports industry, and delivering more extraordinary experiences to esports enthusiasts worldwide.

About NIP Group
NIP Group (NASDAQ: NIPG) is a digital entertainment company created for a growing global audience of gaming and esports fans. The business was formed in 2023 through a merger between legendary esports organization Ninjas in Pyjamas and digital sports group ESV5, which includes eStar Gaming, a world leader in mobile esports. Building on the success of its competitive teams with an innovative mix of business ventures, including talent management, event production, hospitality and game publishing, NIP Group is developing transformational experiences that entertain, inspire and connect fans worldwide, to expand its global footprint and engage digital-first gamers where they are. NIP Group currently has operations in Sweden, China, Abu Dhabi and Brazil, and its esports rosters participate across multiple game titles at the biggest events around the world.

About The9 Limited
The9 Limited (NASDAQ: NCTY) is an Internet company listed on Nasdaq in 2004. The9 is committed to become a global diversified high-tech Internet company, and is engaged in online games operation, Bitcoin mining and AI investment businesses in different industries.

Safe Harbor Statements
This press release contains statements that constitute “forward-looking” statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” or other similar expressions. Among other things, the business outlook and quotations from management in this press release, as well as NIP Group’s strategic and operational plans, contain forward-looking statements. NIP Group may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (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 but not limited to statements about NIP Group’s beliefs, plans 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: NIP Group’s growth strategies; its future business development, results of operations and financial condition; its ability to maintain and enhance the recognition and reputation of its brand; developments in the relevant governmental laws, regulations, policies toward NIP Group’s industry; and general economic and business conditions globally and in the countries or regions where NIP Group has operations; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIP Group’s filings with the SEC. All information provided in this press release is as of the date of this press release, and NIP Group undertakes no obligation to update any forward-looking statement, except as required under applicable law.

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SOURCE The9 Limited

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The acquisition allows clients to compliantly make payments to third parties, pay bills, and pay employees with a one-click on/off ramp feature.

PARIS, Nov. 25, 2024 /CNW/ — Request Finance, a leader in crypto and fiat financial operations, has announced its acquisition of Pay.so Lithuania, a regulated VASP. The acquisition enables Request Finance to provide a fully compliant, one-click on/off ramp payment solution that bridges crypto and fiat, streamlining global transactions for businesses of all sizes. Now, Request provides a multi-payee on/off ramp, consolidating its position as the one-stop shop for all finance operations of businesses of all sizes.

Pay.so Lithuania operates under one of the strongest and most reliable regulatory frameworks for companies providing services on digital assets. Pay.so has grown tenfold in just nine months, solidifying its position as a key partner for significant corporations adopting digital currencies. With one of the broadest currency coverages in the market, Pay.so has been providing Request Finance’s clients with fiat payouts in a wide range of currencies for several months now, including USD, EUR, GBP, AUD, CHF, SGD, NZD, THB, HKD, IDR, CAD, INR, AED, KRW, JPY, MYR, and PHP.

By acquiring its trusted long-term partner, Request Finance now powers the smoothest Fiat2Crypto onramps and Crypto2Fiat offramps for $100 to $100 million transactions.

This acquisition brings uniquely powerful on/off ramp for its clients, as simple as in one click. Clients can now make offramps and onramps to and from third parties. This applies to direct payments, multi-payee bill payments, and employee payments.

Chris Butcher, CEO of Pay.So US, commented, “The acquisition of this regulated Lithuanian entity puts Request in a prime position to double down on fiat payments and extend its lead as the number one crypto accounting and payment solution.”

Cameron Butcher, CTO of Pay.so US, added, “Request has inherited a unique platform, processing millions of dollars of volume daily, on local payment rails worldwide, all while maintaining airtight compliance”.

Valentin Faye, Head of Legal & Compliance at Request Finance, added, “Acquiring a VASP and pursuing MiCA compliance is essential for building trust and long-term growth in our digital finance landscape. We ensure that our operations meet the highest security and transparency standards and that our clients transact confidently across borders in full compliance with regulations. This positions us to support the largest enterprises as they adopt digital currencies. Plus, offering our users the first in a long line of regulated services enables them to manage all their operations with and from our platform.”

Christophe Lassuyt, CEO of Request Finance, mentioned, “This is a game changer for Request Finance which now supports a broad range of hybrid businesses, from those who want to earn revenues in digital currencies without touching crypto, with no crypto on the balance sheet, to those who run compliant finances without a bank account“.

Check out what finance leaders say about Request Finance’s new feature:

1. Diego Casanova, Sr Finance Operations Analyst at Decentraland Foundation, mentioned: “We have been using Request Finance since 2022 to streamline our crypto payments. One of the most valuable features for us has been the batch payment option, which simplifies complex transactions. A few months ago, we were introduced to a new feature within the platform, allowing us to make seamless fiat payments using crypto through its off-ramp services. Since then, our experience has been outstanding, with consistent support from the Request Finance team, always attentive to our needs and inquiries.”
2. Daniel Lustig, Head of Operations and BI at Ocean Protocol, added: “Since the Request team introduced crypto-to-fiat payments, our workflow has become incredibly streamlined. The new solution has enabled us to handle both crypto and fiat transactions seamlessly, allowing us to focus more on our core business without worrying about complex conversions and payment tracking. It’s been a game-changer for our team, providing a new level of transparency we’ve been looking for. Needless to say our auditors love it, too.”
3. Krisztin Lipárdi, COO at Galaxis.xyz, highlights that “Request Finance has honestly changed the way how I at Galaxis handle payments. Earlier I had to use several platforms and I had to separate Crypto and Fiat payments. Seeing all the invoices at one place and the Crypto to Fiat feature has made my life so much easier. The multi-currency options are perfect for my clients across the globe. I really wouldn’t want to go back to anything else!”

About Request Finance:

Request Finance‘s mission is to enhance crypto adoption by compliant businesses. The all-in-one finance platform for crypto and fiat operations already offers Accounts Payable, Accounts Receivable, Accounting, and direct payments to 190+ countries.

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SOURCE Request Finance

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Bitcoin (BTC-USD), the world’s first cryptocurrency, has captured global attention with record-breaking valuations. After doubling in value during 2024, Bitcoin is now trading near $100,000, sparking interest among investors. But is Bitcoin right for your portfolio? This article explores Bitcoin investment basics, from how it works to its benefits and risks.

What Is Bitcoin?

Bitcoin is a decentralized digital currency launched in 2009 by an anonymous creator known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin transactions occur on a blockchain, a decentralized ledger designed to prevent fraud.

Only 21 million Bitcoin tokens will ever be created, with about 19 million already in circulation. This scarcity drives demand, especially as Bitcoin undergoes “halving” events roughly every four years, reducing the rate at which new tokens are mined.

Currently, Bitcoin’s price hovers near $98,000. While owning a full Bitcoin is costly, fractional ownership—measured in units called Satoshis—is common, making it accessible to a broader range of investors.

How Does Bitcoin Work?

Bitcoin transactions are validated by crypto miners using advanced computing power to solve complex algorithms. Miners earn Bitcoin as a reward for their efforts, keeping the blockchain secure and functional.

Unlike government-issued currencies, Bitcoin operates independently of central banks or financial institutions. It can be bought on crypto exchanges like Binance.US, through stockbrokers like Fidelity and E-Trade, or via trading apps such as Robinhood.

Investors can hold Bitcoin in crypto wallets, which provide secure storage, or invest in Bitcoin-based exchange-traded funds (ETFs), a newer option approved by the U.S. Securities and Exchange Commission (SEC).

Why Is Bitcoin Gaining Traction?

Bitcoin’s meteoric rise is partly attributed to political developments. Former President Donald Trump’s pro-crypto stance, including the formation of his crypto firm World Liberty Financial, has boosted investor confidence.

Additionally, the SEC’s approval of Bitcoin ETFs has made cryptocurrency more accessible to traditional investors, bypassing the need for direct purchases on crypto exchanges.

Companies like Tesla (NASDAQ:TSLA), Microsoft (NASDAQ:MSFT), and AT&T (NYSE:T) also accept Bitcoin for payments, further solidifying its mainstream adoption.

Benefits of Bitcoin Investment

Scarcity and Demand:

Bitcoin’s finite supply of 21 million tokens ensures scarcity, driving its value as demand increases.

Decentralization:

Transactions occur without intermediaries, offering greater autonomy compared to traditional currencies.

Accessibility:

Fractional ownership and crypto ETFs have made Bitcoin more accessible to retail investors.

Global Acceptance:

Major corporations accepting Bitcoin payments bolster its use as a legitimate currency.

Risks of Bitcoin Investment

Volatility:

Bitcoin’s price can fluctuate dramatically, making it a high-risk investment. For example, it halved in value following the 2022 collapse of crypto exchange FTX before rebounding.

Regulatory Uncertainty:

The evolving regulatory landscape poses risks. The SEC and other agencies may impose stricter rules, affecting Bitcoin’s accessibility and value.

Security Concerns:

Crypto exchanges and wallets are susceptible to hacking. Robust security measures are essential for safeguarding assets.

No Guarantees:

While Bitcoin offers high growth potential, market manipulation and lack of regulatory protections can result in significant losses.

Should You Invest in Bitcoin?

Bitcoin appeals to investors seeking high-growth opportunities and willing to tolerate volatility. However, it’s crucial to adopt a cautious approach. Financial experts recommend investing only what you can afford to lose and diversifying your portfolio to mitigate risks.

Bitcoin’s accessibility through ETFs provides a safer entry point for beginners, as brokers manage security and regulatory compliance. Still, understanding the fundamentals of cryptocurrency is essential before investing.

Conclusion: Bitcoin Investment Basics for 2024

Bitcoin’s rise to nearly $100,000 underscores its growing significance in the financial world. From its decentralized nature to widespread adoption by major corporations, Bitcoin offers unique advantages. However, its volatility, regulatory uncertainty, and security risks demand careful consideration.

For those interested in Bitcoin investment, educating yourself on the basics, using reputable platforms, and diversifying your investments are key steps to success. As with any financial decision, weigh the risks and rewards to determine if Bitcoin aligns with your goals.

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World Liberty Financial, a decentralized finance (DeFi) project spearheaded by President-elect Donald Trump, has garnered significant attention following a $30 million investment by crypto entrepreneur Justin Sun. This makes Sun the largest investor in the blockchain-focused initiative, which aims to democratize access to financial services.

Sun, founder of Tron (TRX-USD), announced his investment on X (formerly Twitter), emphasizing the U.S.’s pivotal role in blockchain innovation. “The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!” Sun declared, aligning his firm’s ambitions with Trump’s DeFi vision.

What Is World Liberty Financial?

Launched shortly after a high-profile incident involving Trump, World Liberty Financial has emerged as a cornerstone of Trump’s blockchain agenda. The Wilmington-based project seeks to raise $300 million at a valuation of $1.5 billion, though only $30 million of tokens are being marketed in the U.S.

The project, promoted by Trump and his sons Eric, Donald Jr., and Barron as web3 ambassadors, champions the DeFi ethos of removing intermediaries to make financial services more accessible. Notable contributors include Paxos co-founder Rich Teo as stablecoin and payment lead, and Luke Pearson, a senior cryptographer at Polychain.

Justin Sun’s Investment Amid Controversy

Justin Sun’s $30 million stake in World Liberty Financial has sparked debate, given his contentious reputation in the cryptocurrency world. In March 2023, the U.S. Securities and Exchange Commission (SEC) sued Sun, alleging securities violations, fraud, and market manipulation.

Despite these legal challenges, Sun remains undeterred, continuing to position himself and Tron as leaders in blockchain innovation. His latest move underscores a strategic alignment with Trump’s pro-crypto stance, despite Sun’s past legal troubles and Circle’s decision to cease support for the Tron blockchain.

Trump’s Evolving Role in Crypto

Once skeptical of cryptocurrencies, Trump has recently emerged as a vocal advocate for digital assets, including Bitcoin (BTC-USD). This shift aligns with his broader push into blockchain technology, exemplified by World Liberty Financial and potential acquisitions.

Bloomberg News reported that Trump Media & Technology Group (TMTG), which owns Truth Social, is exploring a purchase of Bakkt Holdings Inc. (NYSE:BKKT), a digital-asset marketplace. Trump holds a controlling interest in TMTG, further cementing his growing influence in the crypto space.

World Liberty’s Offshore Strategy

While World Liberty Financial plans to raise $300 million, its U.S. token offering will cap at $30 million. According to regulatory filings, the project intends to terminate its U.S. offering once this threshold is reached, focusing on offshore markets for the remaining $270 million.

This strategy highlights the regulatory complexities of launching crypto initiatives in the U.S., where stringent oversight has driven many projects to target international investors.

A Pivotal Moment for DeFi and Blockchain

World Liberty Financial’s rise comes at a critical juncture for the DeFi sector. As traditional financial systems grapple with inefficiencies, blockchain technology offers transformative potential. Trump’s endorsement and Sun’s investment underscore the sector’s growing mainstream appeal, despite regulatory hurdles.

Sun’s public support could also amplify World Liberty’s global visibility, leveraging his influence to attract additional investors. However, the project’s success will hinge on its ability to navigate legal challenges and deliver on its ambitious goals.

Conclusion: A Controversial but Promising Partnership

The $30 million Trump crypto investment by Justin Sun marks a significant milestone for World Liberty Financial. With a high-profile advocate in Trump and a controversial yet influential backer in Sun, the project exemplifies the intersection of political influence and blockchain innovation.

As the DeFi movement continues to gain momentum, World Liberty Financial’s trajectory will be closely watched. For supporters, it represents a bold step toward decentralizing financial services. For skeptics, it underscores the legal and regulatory challenges that remain prevalent in the crypto space.

Regardless of its ultimate success, World Liberty Financial is set to leave a lasting imprint on the evolving landscape of blockchain technology.

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Partnership Enhances Security for XAUm, Matrixdock’s Gold-Backed Digital Asset, with a Focus on Key Asian Financial Hubs

SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Matrixdock, a leading platform for tokenized real-world assets (RWA), is pleased to announce a strategic partnership with Brink’s, a global leader in secure logistics and asset protection. This partnership ensures the secure transportation and vaulting of LBMA-certified gold, which underpins Matrixdock’s recently launched XAUm token, with a focus on vaults located in Singapore and Hong Kong, two of Asia’s premier financial hubs.

XAUm, an ERC-20 token fully backed by physical gold, offers investors a trusted and transparent digital asset tied to London Bullion Market Association (LBMA) accredited gold. The partnership with Brink’s guarantees that the gold reserves backing XAUm are securely held in high-security, fully insured vaults in Singapore and Hong Kong, enhancing the credibility and security of the token for investors across the globe, particularly in the Asia-Pacific region.

“Brink’s reputation for excellence in secure logistics, combined with the strategic location of vaults in Singapore and Hong Kong, provides unparalleled security and confidence for our XAUm investors,” said Eva Meng, Head of Matrixdock. “This partnership underscores our commitment to maintaining the highest standards of trust and transparency for our tokenized real-world assets.”

Zac McKenna, Head of Digital Assets at Brink’s, emphasized the importance of secure custody solutions in the growing RWA tokenization space: “At Brink’s, we are proud to support the tokenization of real-world assets by providing the secure infrastructure that makes these digital products credible and reliable. Our collaboration with Matrixdock enables us to bring our extensive expertise in secure logistics to the forefront of the blockchain ecosystem.”

Brink’s, with its extensive experience in secure asset management and its well-established presence in Asia, will ensure that the LBMA gold backing XAUm is safely transported, stored, and protected in its world-class vaults. Ben Van Kerkwijk, Vice President of Brink’s Global Services – Asia Pacific, added: “Our premier vaulting facilities in Singapore and Hong Kong are trusted by top-tier clients around the world. We are pleased to provide the same world-class protection for the physical gold that backs Matrixdock’s XAUm token, further enhancing the security and trust for investors in the region.”

This partnership allows Matrixdock to offer a robust gold-backed digital asset that aligns with the security and regulatory requirements of global investors.

XAUm provides investors with seamless access to the value of physical gold while benefiting from the efficiency, liquidity, and transparency of blockchain technology. By focusing on secure vaulting in Singapore and Hong Kong, Matrixdock strengthens its offering in the growing Asian market for tokenized assets.

For more information, please visit www.matrixdock.com.

About Matrixdock

Founded in February 2023 by Matrixport, Matrixdock is a premier platform that offers access to high-quality Real World Assets (RWA) through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, Matrixdock has rapidly emerged as an industry leader, earning the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions.

Matrixdock is dedicated to becoming the gateway for clients seeking top-tier RWA investments. With a steadfast focus on building a trusted and secure RWA ecosystem for crypto, Matrixdock provides diversified investment opportunities while setting new standards for trust and governance in the digital asset space.

About Brink’s

The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations. Our network of operations in 52 countries serves customers in more than 100 countries.

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